News / Africa

Nigerian President Replaces Top State Oil Firm Officials

Johnathan Goodluck (file photo)Johnathan Goodluck (file photo)
x
Johnathan Goodluck (file photo)
Johnathan Goodluck (file photo)
James Butty
Nigerian President Goodluck Jonathan Tuesday dismissed the managing director and numerous other top officials of the state-owned Nigerian National Petroleum Corporation (NNPC).  

A statement from the president’s office said the action was in "furtherance of efforts to achieve greater transparency and accountability in government.” 

Butty interview with Bunmi Awoyemi
Butty interview with Bunmi Awoyemii
|| 0:00:00
...
 
🔇
X

The company had been accused of rampant corruption.  A parliamentary report released in April concluded the NNPC lost $6.8 billion from 2009 to 2011 through the government’s corruption-laden fuel subsidy program. 

Political analyst Bunmi Awoyemi said the sacking of NNPC managing director Austen Oniwon does not mean he was implicated in wrongdoing. 

Awoyemi said President Jonathan simply wanted to overhaul the NNPC by injecting new blood into its leadership.

“I think it doesn’t really have anything to do with the managing director himself.  I think it has to do with the very corrupt system that NNPC operates.  And, I think that it was necessary for the president to get rid [of the] board in order to put in [a] new set of people with a new mindset, a mindset that tackle[s] corruption within the organization,” he said.

Awoyemi said corruption within the Nigerian oil industry had been rampant way before Jonathan came to power and before a recent parliamentary committee report found corruption in the administration of the country’s fuel subsidy program.

“The report mentioned that they [NNPC] owe the government $4.3 billion in subsidy payments because payments were made for oil supply that was never supplied. This was due to the internal corruption within the NNPC which had to do with the collaboration between the NNPC and some of the oil marketers in Nigeria,” Awoyemi said.

He said Jonathan made the right decision by changing the top management of the state-owned oil company.  But, Awoyemi said those implicated in milking the system must be prosecuted.

“What is important is to ensure that, if any the officials of the NNPC that have been sacked, if there is any report indicting them, it’s important for the government to make sure that they are prosecuted,” Awoyemi said.

You May Like

Is Air Travel Safe?

Aviation expert says despite tragic losses of Malaysian Airlines flights 370 and 17, industry experienced lowest fatality rate in recorded history last year More

Multimedia 100 Days Later, Nigerian Girls Still Held

Activists holding rallies in Nigeria and several other countries to mark 100th day of captivity for more than 200 schoolgirls being held by Boko Haram More

Chocolate Too Bitter? Swap Sugar for Mushrooms

US food technology company develops fermentation process using mushrooms to reduce bitterness in cocoa beans, believes it will cut sugar content in candy More

This forum has been closed.
Comment Sorting
Comments
     
by: GODWIN E. UMOREN from: IKOT EBOM ITAM, ITU LGA,
June 27, 2012 3:24 AM
I EXPECTED THAT BY NOW THE ISSUE OF BOMBING AND KILLING OF INNOCENT NIGERIANS BY BOKO HARAM WOULD HAVE STOPPED, BEING THAT THE MASTERMIND OF BOKO HARAM WAS APPOINTED ACTING INSPECTOR-GENERAL OF POLICE IN PERSON OF M.D.ABUBAKAR. NOW THAT COMPOL BIU WAS ARRESTED AND CONFESSED, WHAT THEN PREVENT HIS PROSECUTION AND M.D. DISMISSAL? ACTION SHOULD BE TAKEN URGENTLY, THOUGH THE AUTHORITY HAVE THE FINAL SAY.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
US Carriers Suspend Travel to Israeli
X
Carolyn Presutti
July 23, 2014 1:21 AM
The United States is prohibiting American carriers from flying to Israel's airport in Tel Aviv for 24 hours, because of rising violence between Israel and Hamas militants. The action was announced on Tuesday, after a rocket fired by Hamas militants in the Gaza Strip landed near the airport. As VOA's Carolyn Presutti tells us, international officials soon may have to determine which combat zones are too dangerous for commercial flights.
Video

Video US Carriers Suspend Travel to Israel

The United States is prohibiting American carriers from flying to Israel's airport in Tel Aviv for 24 hours, because of rising violence between Israel and Hamas militants. The action was announced on Tuesday, after a rocket fired by Hamas militants in the Gaza Strip landed near the airport. As VOA's Carolyn Presutti tells us, international officials soon may have to determine which combat zones are too dangerous for commercial flights.
Video

Video NASA Focuses on Earth-Like Planets

For decades, looking for life elsewhere in the universe meant listening for signals that could be from distant civilizations. But recent breakthroughs in space technology refocused some of that effort toward finding planets that may harbor life, even in its primitive form. VOA’s George Putic reports on a recent panel discussion at NASA’s headquarters, in Washington.
Video

Video IAEA: Iran Turns its Enriched Uranium Into Less Harmful Form

Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.
Video

Video Relic of Saint Draws Catholics Worried About Immigration Issue

A Roman Catholic saint who is a figure of devotion for those crossing the border into the United States is attracting believers concerned about the plight of undocumented immigrants. Mike O'Sullivan reports from Los Angeles, where a relic of Saint Toribio has drawn thousands to local churches.
Video

Video US Awards Medal of Honor for Heroics in Bloodiest of Afghan Battles

U.S. combat troops are withdrawing from Afghanistan, on pace to leave the country by the end of this year. But on Monday, U.S. President Barack Obama took time to honor a soldier whose actions while under fire in Afghanistan earned him the Medal of Honor. VOA's Jeff Seldin has more from the Pentagon.
Video

Video Ukraine Rebels Surrender MH17 Black Boxes

After days of negotiations, a senior separatist leader handed over two black boxes from an airliner downed over eastern Ukraine to Malaysian experts early Tuesday. While on Monday, the U.N. Security Council unanimously demanded that armed groups controlling the crash site allow safe and unrestricted access to the wreckage.
Video

Video In Cambodia, HIV Diagnosis Brings Deadly Shame

Although HIV/AIDS is now a treatable condition, a positive diagnosis is still a life altering experience. In Cambodia, people living with HIV are often disowned by friends, family and the community. This humiliation can be unbearable. We bring you one Cambodian woman’s struggle to overcome a life tragedy and her own HIV positive diagnosis.
Video

Video Nature of Space Exploration Enters New Age

Forty-five years ago this month, the first humans walked on the moon. It was during an era of the space race between the United States and the Soviet Union. World politics have changed since then and -- as Elizabeth Lee reports -- so has the nature of space exploration.

AppleAndroid