The NNPC has been under fire over the massive fraud which has accompanied the fuel subsidy regime between 2009 and 2011. The fraud, about which the last is yet to be heard, has brought a lot of criticism on the president, especially the manner with which he has been handling the situation. The president seems to be changing his approach to this particular, however. The sack of the NNPC chiefs, a statement from the office of the presidency states, is in “furtherance of efforts to achieve greater transparency and accountability in government”.
President Goodluck Jonathan has been – and remains – under intense pressure to implement the recommendations of the report submitted by the house committee set up to investigate the fuel subsidy regime.
Meanwhile, Andrew Yakubu, who was once the group executive director for exploration and production at NNPC, and managing director of the Warri Refining and Petrochemicals Company, has been chosen as the replacement of the sacked GMD.