28th October, 2014
President Goodluck Jonathan has approved the creation of a new office of Deputy Group Managing Director in the Nigeria National Petroleum Corporation (NNPC).
This was disclosed in a statement issued on Tuesday in Abuja by the Special Adviser to the President on Media and Publicity, Dr Reuben Abati.
The statement said that the creation of the new office was in furtherance of ongoing efforts to transform the corporation into a commercially-driven entity.
“Consequently, Jonathan has also approved the appointment of Mr Bernard Otti, as the new Deputy Group Managing Director/Group Executive Director (Finance and Accounts) of the NNPC,” the statement said.
Otti, who is the current Group Executive Director (Finance and Accounts) of the corporation, hails from Anambra.
According to the statement, he has held senior positions in some of the largest financial institutions in Nigeria and internationally.
He has also served on the boards of numerous public and private institutions.
“The new office of Deputy Group Managing Director is expected to strengthen the corporate governance structure of the NNPC.
“It will also help ensure value for money and that return on investment increasingly becomes key factors in
all operational decisions,” the statement read.