BREAKING: NNPCL Sacks All Management Staff With Less Than 15 Months To Retirement, Gives Reason

BREAKING: NNPCL Sacks All Management Staff With Less Than 15 Months To Retirement, Gives Reason

The Nigerian National Petroleum Company Limited (NNPCL) has enforced compulsory early retirement for all management staff who have less than 15 months remaining until statutory retirement.

A statement issued by the management of the oil company on Monday, September 18, 2023, and posted on its official platform (formerly Twitter) early Tuesday morning, clarified that this early retirement policy will be effective starting from Tuesday, September 19, 2023.

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The statement further explained that this decision was deemed necessary to facilitate a robust organizational revitalization aimed at bolstering the achievement of NNPCL’s strategic business goals.

“In our bid to pursue effective organizational renewal to support the delivery of our strategic business objectives, it has become imperative to rejuvenate our workforce.

It wrote: “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.

“This is in line with our commitment to scale up NNPC Ltd’s capabilities through targeted talent management and equal opportunity for all Nigerians.”