Business
Stakeholders Hail FG Over NNPC Boss, Appointment
Stakeholders in the oil and
gas sector have lauded Federal Government’s initiative in appointing a private sector-based knowledge to drive the Nigerian National Petroleum Corporation (NNPC) operations.
President Muhammadu Buhari , last Tuesday appointed Dr Emmanuel Ibe Kachikwu, the Executive Vice Chairman of ExxonMobil Africa, as the new Group Managing Director (GMD) of the NNPC.
Managing Director, Integrated Oil and Gas Limited, Mr. Emmanuel Iheanacho, in his reaction, said that “it is a welcome development.
“While I congratulate him on his new appointment, I also urge him to reform the corporation and ensure it is corruption free.
“ The new man is a well-known experienced oil and gas captain of so many years; he will use his good experience to reform the corporation”.
Mr. Chinedu Okoronkwo said that the era of impunity in the corporation was over, adding that the oil and gas sector would begin to experience re-birth in the hands of private sector driven person.
Okoronkwo said “that is the change the people had been clamouring for. Buhari understands the system and he is the man for the job”.
According to him, the days when a single marketer or individual will be given allocation to control the sales of oil and gas market is over.
A source at NNPC told reporters that the appointment was a welcome development, adding that Kachikwu would address the issues of corruption and dubious accounting practices in the corporation.
The source said that Kachikwu, who had been scheduled to perform a wider role in his new portfolio, was a very well respected technocrat with an impeccable record.
It said he had never held a political appointment.
The source said that the new GMD was expected to use his vast experience to restructure the NNPC, pursue creditors and recover missing funds.
He is also expected to reposition the NNPC into a world-class corporation, amongst several other tasks.
The Tide reports that Kachiku is expected to take over from Joseph Dawha at the NNPC headquarters and hailed from Delta State.
He is a First Class Graduate of Law from the University of Nigeria Nsukka and the Nigerian Law School, where he was best graduand and multiple awards winner in both institutions.
Kachikwu, trained lawyer, was born and raised in Onicha Ugbo in Aniocha North Local Government Area of Delta.
He also has a Master’s and Doctorate Degree in Law from Harvard Law School USA, with distinctions.
A former investment attorney in the United States, the publisher of several magazine titles, he has also taught law at Harvard, Nigerian Law School and several globally acclaimed institutions.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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