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

Hong Kong Democracy Calls Spread to Macau

Macau and Hong Kong are China’s two 'special administrative regions' which gives them a measure of autonomy More

After Nearly 2 Years, Pistorius Remains Elusive

Reporter Anita Powell reflects on her experience covering the Olympic athlete's murder trial More

Kenyan Coastal Town Struggles With Deadly June Attacks

Three months after al-Shabab militants allegedly attacked their town, some Mpeketoni residents are still bitter, question who was really behind the assaults 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.
Obama to Ramp Up Anti-Ebola Efforts in Africai
X
Luis Ramirez
September 15, 2014 11:01 PM
President Barack Obama on Tuesday will unveil his plan to ramp up efforts against the spread of the Ebola virus in Africa. VOA White House Correspondent Luis Ramirez reports.
Video

Video Obama to Ramp Up Anti-Ebola Efforts in Africa

President Barack Obama on Tuesday will unveil his plan to ramp up efforts against the spread of the Ebola virus in Africa. VOA White House Correspondent Luis Ramirez reports.
Video

Video West Trades Accusations Over Ransoms

As world leaders try to forge a common response to the threat posed by Islamic State militants in Iraq and Syria, there is simmering tension over differing policies on paying ransoms. In the past month, the jihadist group has beheaded two Americans and one Briton. Both countries refuse to pay ransom money. As Henry Ridgwell reports for VOA from London, there is uncertainty in the approach of some other European nations.
Video

Video Scotland Independence Bid Stokes Global Interest

The people of Scotland are preparing to vote on whether to become independent and break away from the rest of Britain, in a referendum being watched carefully in many other countries. Some see it as a risky experiment; while others hope a successful vote for independence might energize their own separatist demands. Foreign immigrants to Scotland have a front row seat for the vote. VOA’s Henry Ridgwell spoke to some of them in Edinburgh.
Video

Video Washington DC Mural Artists Help Beautify City

Like many cities, Washington has a graffiti problem. Buildings and homes, especially in low-income neighborhoods, are often targets of illegal artwork. But as we hear from VOA’s Julie Taboh, officials in the nation's capital have come up with an innovative program that uses the talents of local artists to beautify the city.
Video

Video US Muslim Leaders Condemn Islamic State

Leaders of America's Muslim community are condemning the violent extremism of the Islamic State group in Iraq and Syria. The U.S. Muslim leaders say militants are exploiting their faith in a failed effort to justify violent extremism. VOA correspondent Meredith Buel reports.
Video

Video Americans' Reaction Mixed on Obama Strategy for Islamic State Militants

President Barack Obama’s televised speech on how the United States plans to “degrade and destroy” the group known as the Islamic State reached a prime-time audience of millions. And it came as Americans appear more willing to embrace a bolder, tougher approach to foreign policy. VOA producer Katherine Gypson and reporter Jeff Seldin have this report from Washington.
Video

Video Authorities Allege LA Fashion Industry-Cartel Ties

U.S. officials say they have broken up crime rings that funneled tens of millions of dollars from Mexican drug cartels through fashion businesses in Los Angeles. Mike O'Sullivan reports that authorities announced nine arrests, as 1,000 law enforcement agents fanned out through the city on Wednesday.
Video

Video Bedouin Woman Runs Successful Business in Palestinian City

A Bedouin woman is breaking social taboos by running a successful vacation resort in the Palestinian town of Jericho. Bedouins are a sub-group of Arabs known for their semi-nomadic lifestyle. Zlatica Hoke says the resort in the West Bank's Jordan Valley is a model of success for women in the region.


Carnage and mayhem are part of daily life in northern Nigeria, the result of a terror campaign by the Islamist group Boko Haram. Fears are growing that Nigeria’s government may not know how to counter it, and may be making things worse. More

AppleAndroid