The Nigerian Nation Petroleum Company (NNPC) Limited has fired all management staff who will be retiring in the next 15 months.
The sack takes effect from September 19, 2023, the company said.
This was revealed in a statement signed by its management on Monday and posted on the company’s official X handle.
The reorganisation, the statement said, is in line with commitments to scale up its capabilities “through targeted talent management and equal opportunity for all Nigerians”.
The oil company said only staff members with less than 15 months to retirement will be affected.
The statement said, “In our bid to pursue effective organisational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce.
“Consequently, in addition to the recent exit of three (3) Executive Vice Presidents, other Management Staff with less than fifteen (15) months to statutory retirement will be exiting the Company effective 19th September 2023.”
On September 17, NNPC appointed new executive vice-presidents for its upstream, downstream, and gas and power operations.
Earlier in 2022, the NNPC transitioned from a corporation to a commercial venture based on the provisions of the Petroleum Industry Act (PIA) 2021.
