OUTGOING Managing Director and Chief Executive Officer of NLNG, Babs Omotowa, has been appointed by Shell International into the Global Upstream Leadership Team as Vice President (S&E).
Omotowa, who will be completing his time at the helm of affairs at NLNG on September 1, 2016, will report to the Upstream Director across Shell’s Conventional, Unconventional and Deepwater global businesses.
The outgoing MD/CEO hands over to the incoming chief executive, Tony Attah, who will be engaged in an on-boarding programme until September 1 when he would effectively take over.
Omotowa leaves Nigeria LNG Limited in a stronger position and well positioned for the next chapter of the company’s growth. He will take great pride and satisfaction in his numerous achievements including consolidating the company’s position as a reliable supplier of LNG and major player in the global LNG market, restarting the Train 7 expansion program and with NLNG becoming ranked as the number one home-grown company in Nigeria.
Through sheer courage, integrity and transparency, he brought back credibility into the relationship with government at a very crucial time in the Company’s history, and his principled stand on payment of taxes yielded the now famous “Government bailout funds”. During his tenure at Nigeria LNG Limited, the company earned in excess of $40billion in revenue and returned over $22billion to Nigeria in dividend, taxes, feedgas purchases, etc. The company under his watch became the highest corporate tax paying organisation in Sub-Sahara Africa, and a major contributor to the Nigerian economy.
The company under his leadership secured $1.6 billion financing for the construction and delivery of six very modern Dual Fuel Diesel Electric (DFDE) vessels, setting a new ground breaking standard for Nigerian Content; with the training of 600 Nigerians in ship construction and repairs, ensuring Nigerian companies, for the first time, export $10 million worth of goods and services to Korea for the ship building, and facilitating a dry dock project by a Nigerian consortium.