FG finally breaks silence on the 2024 oil blocks allocation, shares full details of bid selection process

• The Nigerian authorities has successfully conducted the 2024 lipid licensing rounds, naming caller owners to the lipid blocks
• However, allegations person emerged that the process was marred by corrupt practices and underhanded deals
• The Chairman of the 2024 bid circular committee has present shared details of the full process, detailing however they handled the enactment process

Legit.ng journalist Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.

The national authorities has spoken up connected the allegations of underhanded dealings successful the 2020 lipid blocks allocation.

Speaking done the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the authorities debunked reports claiming that the 2024 lipid licensing bid circular had a batch of underhanded deals.

Mr. Bashiru Indabawa, the Chairman 2024 Bid Round Committee, issued a rejoinder titled, “False and malicious allegation to malign NUPRC leadership,” wherever helium debunked the claims.

Recall that the Transparency Network successful Nigeria (TNN) has besides stepped up to defend the NUPRC boss, Gbenga Komolafe, and the full squad against the allegations of bias and irregularities.

The authorities has inisted that the 2024 lipid bid circular was the astir transparent successful Nigeria's history. Photo credit: State House
Source: Facebook

The connection insisted that the initiation and decision of the lipid bid circular were meticulously guided by the Petroleum Industry Act of 2021 and the regulatory frameworks established by the NUPRC.

Indabawa narrated successful the connection that determination were respective nationalist hearings held with manufacture stakeholders and regulators sharing their perspectives and opinions, and offering immoderate benignant of oversight.

The connection noted that applicable authorities agencies, civilian nine organisations, planetary media representatives, and some section and planetary firms were each progressive successful the last process from the opening to the last stages.

He added that the process leveraged integer exertion and minimized quality interference to heighten transparency, and the outcome was televised live, frankincense eliminating country for underhanded dealings, the NATION reports.

The rejoinder further questioned the lack of names successful the report, with the writer tagged arsenic “Our reporter” and each of the sources, nameless and anonymous. Indabawa stated that specified a reporting attack questions the bias and docket down the article.

With the completion of the licensing rounds, respective lipid blocks present person caller owners. Photo credit: Contributor
Source: Getty Images

The connection concluded;

“The meticulous processes and regulatory frameworks established by the NUPRC during the 2024 Oil Bid Round show a committedness to transparency and fairness successful the industry. Allegations of misconduct, peculiarly those lacking substantive evidence, distract from the existent advancements being made successful the lipid assemblage and lend to a civilization of misinformation."

The national authorities has besides shared plans to behaviour different oil bloc licensing circular successful 2025.

This is portion of moves to summation the fig of lipid rigs and ramp up crude lipid accumulation successful Nigeria earlier the extremity of 2025.

FG removes 5 lipid blocs from licensing rounds

In related news, Legit.ng reported that the national authorities had removed 5 lipid blocs from the 2024 licensing round.

This was done due to the fact that the 5 lipid blocks were reportedly progressive successful antithetic ineligible disputes.

The Nigerian Upstream Petroleum Regulatory Commission confirmed that the assets affected are PPL3008, PPL3009, PML51, PPL267, and PPL268 are the assets that are impacted.

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Source: Legit.ng