By Obiabin Onukwugha
Indigenous oil and gas firm, Belemaoil Producing Limited, has announced the appointment of a former Group General Manager in charge of Finances in the Nigerian National Petroleum Company, (NNPCL), Mr. Ahmadu Sambo, as its new Managing Director/Chief Executive Officer (CEO).
The company also appointed Mr. Emmanuel Onos as its Chief Finance Officer (CFO). It said the new officials will be responsible for driving its transformation, realising its shared vision and deriving significant benefits for its joint venture operations and shareholders.
This was made known in a statement by the company’s Board of Directors, which approved the new appointments. According to the statement, the two appointments takes effect from September 1, 2024.
The company also revealed its ambition of becoming the first truly indigenous oil and gas exploration and production firm from a Niger Delta oil producing community to be listed on the Nigerian Stock Exchange, New York Exchange and the London Exchange with overwhelming stock growth.
The statement read in part: “Having carefully reviewed their rich credentials and found them deserving of the positions.
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“The new Chief Finance Officer (CFO), Emmanuel Onos, also comes on board with over 35 years of experience in the financial space of the oil and gas industry at the managerial level in both local and international scenes.
“The board believes strongly that the combination of Ahmadu Sambo as MD/CEO and Emmanuel Onos as CFO of Belemaoil, supported by the existing management team, will revitalise the company’s Joint Venture (JV) operations, unlock multi-billion-dollar value and reposition it for a greater height that will be more beneficial to all shareholders.”
It said that the board considered the team as the perfect blend of skills and expertise needed to reset Belemaoil as a world-class exploration and production company and to ensure that the company becomes the best public enterprise for Nigeria and international equity investors.
“Sequel to the new appointments, the President/Founder of Belemaoil, Jack-Rich, will now focus on his vision for strategic multi-dimensional business development.
“The board is confident that under the leadership of the new MD/CEO, Belemaoil will derive significant benefits for its joint venture operations and shareholders,” the statement added,” the statement added.
Sambo boast over 35 years experience in the oil and gas industry spanning public and private sectors in Nigeria and the United States of America.
He also served as Managing Director of three subsidiaries of NNPC, which include NNPC Pension Fund, NIDAS Marine and NNPC Oilfield Services in addition to the position of General Manager in charge of NAPIMS Finance and Accounts as well as Group General Manager Accounts for NNPC Group.
