NNPC’s restructuring stalls NPDC’s MoU with host communities

The shake up in the Nigerian National Petroleum Corporation (NNPC) and its exploration and production arm, the Nigerian Petroleum Development Company (NPDC), has stalled the  signing of Global Memorandum of Understanding (GMoU) between the NPDC and  the host communities from which it acquired Shell’s divested assets in the Niger Delta region.


A source told The Nation that arrangements had been concluded for the signing of the understanding with the communities before August 8, unfortunately, the Group Managing Director of NNPC, AndrewYakubu was removed while the NPDC’s Managing Director, Victor Iyowuna Briggs and top management staff of the corporation were also redeployed on August 1.

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