President Muhammadu Buhari on Tuesday named Nigeria’s petroleum minister. And that
is himself. President Buhari said he would personally head the Ministry of Petroleum
Resources in the new cabinet.
Addressing some select reporters in New York on Tuesday, after addressing a Global
Leaders’ Summit on Countering ISIL and Violent Extremism, the President said: “I wil
remain Minister of Petroleum. “I will appoint a minister of State for Petroleum”.
According to him, this step is being taken as part of efforts to sanitise Nigeria’s oil
industry, which is said to be plagued by corruption, massive fraud, and crude oil theft.
Mr. Buhari restated his determination to sanitise Nigeria’s oil industry and free it from
corruption and shady deals. He said that the first step in this direction had already been
taken with the appointment of a new management for the NNPC and its subsequent
reorganisation.
The President said the prosecution of those who misappropriated NNPC’s revenue under
past administrations would soon commence.
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