President Goodluck Jonathan yesterday approved the appointment of Mr. Farouk A. Ahmed as executive secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA).

After removing the former executive secretary of the Petroleum Product Pricing Regulatory Agency [PPPRA], Reginald Stanley.

CEOAFRICA gathered that Mr. Reginald had been working secretly to renew his tenure, which is due to end in February 2014.

A statement by presidential spokesman, Dr. Reuben Abati, said the appointment was with immediate effect, and that Ahmed would take over from the incumbent executive secretary, Mr. Reginald C. Stanley, who is retiring after 35 years in service.

The new PPPRA boss, Ahmed, who hails from Sokoto State, is the current Managing Director of Nidas Marine Ltd, a subsidiary of the NNPC. He comes to his new job with over 28  years’ experience in the oil and gas industry.