Gambia: National petroleum company gets new boss

Former permanent secretary at the Office of The President Baboucarr Njie has been appointed the Managing Director of the Gambia National Petroleum Company.

Njie was designated by President Yahya Jammeh in July to oversee the national oil corporation and the country’s energy and oil ministry.

The company’s former managing director, Momodou Badjie is among more than two dozen officials accused by The Gambia’s government of corruption. Badjie has been denied bail by a court in Banjul and is remanded at the Mile II prison pending trials.

GNPC new director is a former banker with Mega Bank and a former agriculture department official.

GNPC is the government’s petroleum products distribution company selling petrol, gasoil, car oil and related products.

According to Bloomberg, the company’s profit before taxation was GMD 110 million in 2013, showing a 128% decrease as compared to the profit of GMD 287 million in 2012.

This was mainly due to the reduction in sales revenue received in 2012 compared to 2013.

(Reporting from Banjul; Writing by Sam Phatey; Editing by Sainey MK Marenah)

 

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