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President dissolves board of Nigeria’s corruption-riddled state oil company

“On Monday, July 20, President Obama will host Nigerian President Muhammadu Buhari at the White House”, according to the statement.

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The White House will also host Buhari’s senior advisers, who will meet with their USA counterparts in an effort to build ties between the two countries.

The dissolution comes three days after Buhari met with the governors of Nigeria’s 36 states and urged them to tighten their belts in anticipation of three months of hardship as he attempts to restore sanity to the country’s fiscal situation.

Obama will welcome Buhari to Washington as a ‘symbolic show of confidence’ after Nigeria’s successful democratic transition.

The immediate past president, Dr. Goodluck Jonathan, had in July 2012 reconstituted a new board of the NNPC, with the ex- Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, as the chairperson.

President Buhari also assured Ouedraogo that Nigeria would hold further consultations with other stakeholders to agree on a new date for the ECOWAS-ECCAS security summit on Boko Haram, earlier scheduled to hold in Malabo, Equatorial Guinea on April 8, 2015.

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(MENAFN – AFP) Nigeria’s president on Friday sacked the entire board of the corruption-ridden state-run oil company, in what observers said was a prelude to an in-depth probe of the firm’s activities. “But, in the end, the answer to this threat must come from within Nigeria”.

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