NDEP Plc Appoints New Finance Director

Niger Delta Exploration & Production Plc (NDEP) announced the appointment of a new Finance Director, Mr Deji West to the Board of Directors, effective from 4 January 2016.
As part of NDEP’s commitment to succession planning, Mr Deji West joined the Board as Executive Director, Finance and CFO in January 2016. Mr. West is a highly experienced finance professional, with over 30 years of experience in finance, commerce and accounting. He has held senior management positions within the Nigerian oil and gas arena, in both upstream and downstream capacities and brings to bear his wealth of local and international experiences.
The Board, Management, and Staff of NDEP Plc, warmly welcome Mr West to the Board.
Commenting on his appointment, Mr Deji West, said, ‘I am honoured to take the positon of Finance Director, at such a key time in the company’s operations and a critical time for the wider industry.
‘As a publicly owned, fully integrated independent operating company, NDEP Plc occupies a unique position within the oil and gas industry. With continued prudent financial management, and careful spending reviews, NDEP Plc is poised for growth and to deliver significant value to shareholders.’
Mr Balogun, former Executive Director, Finance, retired from the NDEP Plc Board on 31st December 2015. Under his watch, the Company attained a number of laudable achievements and milestones, including the successful negotiation of the initial $6M loan from Intercontinental Bank, which took the Company to First Oil, as well as the successful transition to International Financial Reporting Standards (IFRS) and the successful implementation of SAP software solutions. NDEP Plc would like to use this medium to thank him for his years of service and wish him well in all his future endeavors.

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