Nigeria appoints former ExxonMobil Vice Chairman Emmanuel Ibe Kachikwu as Group Managing Director of state oil firm NNPC

Emmanuel Ibe Kachikwu, incoming Group Managing Director of NNPC

Nigerian President Muhammadu Buhari has appointed Dr. Emmanuel Ibe Kachikwu as the Group Managing Director of the state oil firm, the Nigerian National Petroleum Corporation (NNPC).
“Dr. Kachikwu, who was the Executive Vice Chairman and General Counsel of ExxonMobil Africa, is to take over from Dr. Joseph Thlama Dawha,” said a statement issued by the President’s Spokesman Femi Adesina.
Dr. Kachikwu hails from Onicha-Ugbo in Delta State.
He is a First Class Graduate of Law from the University of Nigeria, Nsukka and the Nigerian Law School. Kachikwu also holds Masters and Doctorate Degrees in Law from the Harvard Law School.
He started his working career with the Nigerian-American Merchant Bank before moving on to Texaco Nigeria Limited where he remained for about eight years before joining ExxonMobil.
The NNPC represents Nigeria‘s national interests in oil and gas exploration, manages the energy sector, and is also the oil sector regulator.
Buhari, who was elected in March, has made clear his desire to clean up Nigeria’s oil sector, which provides the government with about 70 percent of its revenue. He dissolved the NNPC board in June as a first step.
In July, Buhari’s Spokesman said that the President plans to split NNPC into two entities.