The Nigerian National Petroleum Company Limited has compulsorily retired all management staff with less than 15 months to statutory retirement.
In an early Tuesday morning announcement, the company declared that the retirement of the affected workers was with immediate effect, stressing that the move would support its business objectives.
The national oil firm disclosed this via its official X (formerly Twitter) handle, as it 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 Executive Vice Presidents, other management staff with less than 15 months to statutory retirement will be exiting the company effective September 19, 2023.
This is in line with our commitment to scale up NNPC Ltd.’s capabilities through targeted talent management and equal opportunity for all Nigerians.”
It was further gathered that the firm also carried out employee reorganisations in its top management cadre, moving some senior officials to other arms of its ventures such as the Nigeria Liquefied Natural Gas Limited, and Nigeria Petroleum Development Company, among others.