BUSINESS
FAROUK AHMED STEPS DOWN AS NMDPRA CEO AS PETROL SECTOR SHAKEN
Farouk Ahmed has resigned as the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), while Gbenga Komolafe, his counterpart at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has also stepped down.
Following their resignations, President Bola Tinubu has requested the Senate to confirm new chief executives for both agencies.
The President made the request in separate letters sent to the Senate on Wednesday, according to a statement by his Special Adviser on Information and Strategy, Bayo Onanuga.
Both Ahmed and Komolafe were appointed in 2021 by former President Muhammadu Buhari after the enactment of the Petroleum Industry Act.
The statement further noted that Tinubu “has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.”
"This represents a significant development in our ongoing coverage of current events."— Editorial Board