Section 59: Composition of the Board of NNPC Limited.

1 Except as set out in this section, the composition of the Board of the NNPC Limited shall be determined in accordance with the Companies and Allied Matters Act and its Articles of Association.
Act No 3. 2020.

2 The Board of NNPC Limited shall be appointed by the President and composed of—
a a non-executive chairman;
b the Chief Executive of NNPC Limited;
c the Chief Financial Officer of NNPC Limited;
d a representative of the Ministry of Petroleum, not below the rank of a director;
e a representative of the Ministry of Finance, not below the rank of a director; and
f six non-executive members with at least 15 years post-qualification cognate experience in petroleum or any other relevant sector of the economy one from each geopolitical zone.

3 A person to be appointed as the Chief Executive of NNPC Limited shall have extensive managerial, technical and professional knowledge in the petroleum or other relevant industry with at least 15 years' post-qualification experience.

4 In the absence of the Chairman, the members of the Board of NNPC Limited may appoint a non-executive member of the Board to act as alternate Chairman.

5 The provisions of this section shall apply where NNPC Limited remains wholly-owned by the Government and where NNPC Limited is not wholly owned by Government, the composition of the Board of NNPC Limited shall be determined by the shareholders of NNPC Limited in accordance with the provisions of the Companies and Allied Matters Act and the articles of association of NNPC Limited.
Act No 3, 2020.