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Oniwon takes over as NNPC GMD

By Yemie Adeoye & Oscarline Onwuemenyi
FOLLOWING the recent dismissal of Mallam Shehu Ladan as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation, NNPC,  Engineer Austen Olusegun Oniwon has officially taken over as the new GMD and has assured that he would use his wealth of experience to impact on the oil and gas industry in Nigeria even as he charged staff of the national oil and gas company to pay attention to the financial growth and welfare of their families.

Speaking after taking over from his predecessor, the new GMD Engineer Oniwon expressed his readiness to ensure efficient distribution and supply of petroleum products across the nooks and cranny of the country.

Engineer Oniwon said he was prepared to turn around the fortunes of the Corporation for good saying during his time he would ensure that Nigerians enjoy the benefit of being an oil producing country.

Engineer Oniwon noted that several feats were achieved during Mallam Ladan’s time saying philosophically that it is not how long one stays in office but how well one impacts on the Organization

He listed the feats to include  the cementing of the relationship between the NNPC and the National Assembly as well as the International Oil Companies, IOC’s. He also commended him for building a strong relationship between NNPC management and the staff union and assured of his readiness to sustain the tempo.

Engineer Oniwon lauded his processor for carrying all the management and staff along and promised to operate an open door policy that would meet the needs of all stakeholders in the oil and gas industry in the country.

In his remarks, the outgoing GMD Mallam Shehu Ladan thanked the management and staff for their cooperation and urged them to give their maximum support to the new GMD.

The newly appointed Group Managing Director , has also charged staff of the national oil and gas company to pay attention to the financial growth and welfare of their families.

Oniwon, who was speaking during the week while launching the new ABUCOOP Microfinance Bank, in Abuja, stressed that a fulfilled family life was a necessary condition for improved performance at work, noting that members of staff must not lose sight of investing in the health and wealth of their families.

He, therefore, encouraged all NNPC staff to support the bank by opening at least a family account with them.
He said, “This programme is important to me, because it is my first official assignment in office, and I urged you to utilise the opportunities to be provided by the bank in promoting the welfare of your love ones.”

Meanwhile, the newly commissioned ABUCOOP Microfinance Bank has granted N14.8 million as loan to customers in the last two weeks of its existence, the Managing Director of the bank, Mr. Shedds Obi Okoronkwo, has revealed.

Speaking at the official commission of the bank in Abuja, Okoronkwo said the bank has a deposit base of N140.9 million with about 364 customers.

ABUCOOP Microfinance Bank Nigeria Limited is a subsidiary of the Multipurpose Corporative Society of the Nigeria National Petroleum Corporation (NNPC).

According to Okoronkwo, “We are using this opportunity to solicit for the businesses of the cooperative societies and individual businesses that do not own or have access to microfinance bank services to come and partner with them.”

He explained that the services of the ABUCOOP Microfinance bank is not only for NNPC staff but for the general public who are ready to enjoy the services of tested  professionals in the administration of the Microfinance banks.

He further noted that the bank gives the lowest rate of interest in the industry and has Fidelity and First Bank as their parent banks.

Managing Director of the NNPC Staff Multi_Purpose Corporative Society, Mr. O.C. Ajagba, gave the rational behind setting up the micro_finance institution, explaining that the growing financial requests from the cooperators had prompted the need to establish a complimentary source of meeting their desire.


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