The Board of Directors of Nigeria LNG (NLNG) Ltd. has approved the appointment of Mr. Olalekan Ogunleye as Deputy Managing Director of the company.
A statement signed on Wednesday by Mr. Andy Odeh, General Manager, External Relations and Sustainable Development, says he takes over from Mr. Sadeeq Mai-Bornu.
The statement said Mai-Bornu, who was appointed by the NLNG Board in April 2016, would return to his parent company, Nigerian National Petroleum Company (NNPC) Ltd., at the expiration of his tenure.
It said Ogunleye who was concluding his tenure as Managing Director and Chief Executive Officer of Gas Aggregation Company Nigeria (GACN) Ltd., would take over from Mai-Bornu on April 14.
According to the statement, during his tenure, Mai-Bornu contributed significantly to repositioning NLNG as a globally competitive LNG company and oversaw vital projects.
It said the projects included the Train 7 project, re-marketing of volumes for Trains 1-3, and the expansion of the company’s domestic LPG market initiative.
The statement said he also oversaw the implementation of the ongoing Bodo-Bonny Road project, one of NLNG’s biggest CSR initiatives, and the NLNG Realigning to Win (RtW) project, an organisational improvement initiative that positioned NLNG as a more effective company.
It said Ogunleye, a lawyer, had a rich gas industry experience. “At GACN, he oversees adequate gas supply to the domestic market and managed the interface between gas buyers and sellers.
“He was strategic to the Federal Government’s gas programmes, Decade of Gas, and the Autogas initiatives.
“Before his appointment at GACN, Ogunleye served as the General Manager and Chief Executive Officer of N-Gas (N-Gas) Ltd., a joint venture company between 2018 and 2019.”
It added that he was Company Secretary and Legal Adviser at Nigerian Gas Marketing Company (NGMC) Ltd. (2017-2019) and Nigerian Gas Company Ltd. (2014 – 2018), both subsidiaries of NNPC.
The News Agency of Nigeria (NAN) reports that NLNG is an incorporated Joint Venture owned by four Shareholders.
They are The Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49 percent), Shell Gas B.V. (25.6 percent), TotalEnergies Gaz & Electricite Holdings (15 percent), and Eni International N.A. N. V. S.àr.l (10.4 percent).
