Nigeria's president replaces NNPC head

Nigeria President Umaru Yar'Adua has removed Funso Kupolokun, group managing director of Nigeria National Petroleum Corp., from his post.

Uchenna Izundu
International Editor

LONDON, Aug. 10 -- Nigeria President Umaru Yar'Adua has removed Funso Kupolokun, group managing director of Nigeria National Petroleum Corp., from his post.

Yar'Adua has replaced him with the next most-senior executive, Abubakar Yar'Adua—of no relation to the president—until further notice.

The firing comes amid intense speculation in Nigerian media that the president was unhappy with the performance of NNPC, the allegations of corruption in awarding contracts and misappropriation of funds, and that Kupolokun was on his way out. However, the president did not give a reason for dropping him.

The president, who took the reigns of power on May 29, is committed to revamping Nigeria's energy sector (OGJ Online, Aug. 7, 2007).

Abubakar Yar'Adua was previously the company's executive director overseeing refineries and petrochemicals since 2003.

Contact Uchenna Izundu at uchennai@pennwell.com.

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