In a statement announcing the appointment of a new CEO for the group’s energy business, Transcorp Energy Limited, the Chairman of Transcorp Group, Tony O. Elumelu, made known the intention of Transnational Corporation of Nigeria Plc (Transcorp), to power one in every four Nigerian homes. Elumelu said, “With the acceleration in our integrated energy strategy and the expansion of our hospitality business…we are closer to our goal of powering one in every four homes.” TNOG Oil and Gas Limited, part of the Transcorp Group in January 2021 concluded acquisition of a 45% stake in the oil field, OML 17, from Shell, ENI and Total. Transcorp had acquired the 966 MW Afam Power, an electricity generating company, in 2020 from the Federal Government of Nigeria in a N105.3 billion deal.
The Transcorp Group announced Peter Ikenga, as the Managing Director (MD) and Chief Executive Officer (CEO) of Transcorp Energy Ltd.
As the new MD/CEO, Ikenga who joined Transcorp from Shell Nigeria and Shell International, will lead “the Conglomerate’s integrated energy strategy, with particular focus on Gas, Renewables and Alternative Energy.”
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Having managed major oil, gas, and power assets and operations in different geographical entities, including Nigeria and Brazil, during his time at Shell, Ikenga brings with him to Transcorp, a wealth of global professional experience.
In a similar vein, Engr. Vincent Ozoude, was appointed as MD/CEO of Trans-Afam Power Ltd, another subsidiary of Transcorp. He joined the company from General Electric (GE) Inc-Sub Saharan Africa, where he served as Sales Director.
Transcorp also appointed Victor Famuyibo and Mallam Ahmadu Hamman Sambo to its Board of Directors. Their appointments took effect from Thursday, April 22, 2021.
While Famuyibo brings years of Human Resources and Personnel Management worked with conglomerates such as UAC Nigeria, Heineken International and Nigerian Breweries Plc.
Sambo has over 30 years’ work experience in the Private and Public Sectors in Nigeria and the United States of America. He retired as Group General Manager in charge of Group Finance for the Nigerian National Petroleum Corporation (NNPC). Prior to this, he was the Managing Director of NNPC Oilfield Services Limited, NIDAS Marine Limited and NNPC Pension Fund Limited between 2011 and 2016.
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