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Jonathan names Farouk Ahmed as new PPRA boss, summons NNPC chiefs

By on February 21, 2014

President Goodluck Jonathan on Thursday approved the appointment of Mr. Farouk  Ahmed as Executive Secretary of the Petroleum Products Pricing Regulatory Agency.

The appointment, which takes immediate effect, was announced in a statement by the Special Adviser to the President on Media and Publicity, Dr. Reuben Abati.

Ahmed will take over from the incumbent Executive Secretary, Mr. Reginald Stanley, who is retiring after 35 years in service.

The incoming Executive Secretary, who hails from Sokoto State, is the current Managing Director of Nidas Marine Limited, a subsidiary of the Nigerian National Petroleum Corporation.

The statement says Ahmed comes to his new job at the PPPRA with over 28 years’ experience in the oil and gas industry and a sound commercial and trading background having held senior positions in the downstream sector of the oil and gas industry including Manager, Crude Oil Programming,  Nominations, and Shipping and Terminals.

Ahmed has also served as Executive Director (Commercial), Pipelines and Products Marketing Company Limited (PPMC).

Jonathan thanked the outgoing Executive Secretary of the PPPRA for what he described as his meritorious service to the nation and wished him well in his future endeavours.

Meanwhile, the President on Thursday summoned top officials of the NNPC to a closed-door meeting inside the Presidential Villa.

A source said the meeting, which was also attended by the Chairman of the Senate Committee on Finance, Senator Ahmed Makarfi; and the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, dwelt on the missing $20bn.

Makarfi’s committee is currently investigating the alleged missing fund.

 

 

[Punch]

One Comment

  1. Edward Anokwu

    February 23, 2014 at 8:04 am

    Mr. President, you must speedily get to the bottom of this allegation, and with utmost transparency. The thinking around the world is; if the CBN chief was aware of the huge gap in missing revenue from NNPC, why didn’t the President and his Finance Minister?.