Oil block: Details emerge as Anti-corruption group reacts to allegations against NUPRC boss

• The Transparency Network successful Nigeria (TNN) backed NUPRC main Gbenga Komolafe against allegations of bias successful the 2024 lipid artifact licensing round
• TNN stated that the licensing process was afloat transparent, digitally driven, and compliant with the Petroleum Industry Act (PIA)
• Dr. Mustapha Jibrin, TNN's state representative, said that accusations of bribery were baseless and urged critics to respect the integrity of the reforms

Abuja, FCT - The Transparency Network successful Nigeria (TNN) has defended Gbenga Komolafe, caput of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), pursuing allegations of bias and irregularities successful the precocious concluded 2024 lipid artifact licensing round.

In a connection issued connected Sunday, April 20, TNN’s state representative, Dr. Mustapha Jibrin, described the licensing workout arsenic “the astir transparent and technologically precocious successful Nigeria’s lipid and state licensing history.” He dismissed suggestions of quality interference arsenic unfounded.

Oil artifact licencing: Observers present, says TNN

Jibrin said the process was monitored by autarkic observers and broadcast unrecorded to guarantee afloat transparency.

“Those peddling insinuations of bribery oregon backdoor dealings successful this licensing circular person intelligibly failed to grasp the rigorous, technology-driven model that underpinned each signifier of the process,” helium said.

He added that the commercialized bid valuation was carried retired done a transparent, computer-based strategy that utilized encryption and decryption exertion to support information integrity.

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The appraisal parameters, according to TNN, included Signature Bonus, Proposed Work Programme Financial Commitments, and Work Performance Security.

Licensing complies with Petroleum Industry Act - TNN

Jibrin said the 2024 licensing circular complied afloat with the Petroleum Industry Act (PIA) and NUPRC’s ain guidelines, describing the process arsenic competitory and merit-based.

“The 2024 Licensing Round was conducted successful strict compliance with the Petroleum Industry Act (PIA) and the NUPRC Guidelines, ensuring a transparent, competitive, and technology-driven allocation process,” helium stated.

Addressing concerns astir the eligibility of immoderate bidding entities, Jibrin noted that valuation was based connected the method and fiscal capabilities of stakeholders, not the property of the bidding Special Purpose Vehicle (SPV).

“The method and fiscal capableness of a bidding entity is not solely determined by the day of incorporation of the SPV utilized for bidding,” helium said. “Instead, it is assessed based connected the expertise, fiscal strength, and way grounds of the stakeholders, affiliated entities, oregon genitor companies backing the SPV.”

He said the model was designed to invited credible caller entrants portion ensuring lone competent and financially unchangeable operators made it through.

Jibrin urged critics to halt targeting individuals for what helium called “personal oregon governmental gains,” stating that the process had restored nationalist assurance successful Nigeria’s lipid licensing regime.

“Komolafe and his squad person done what nary different regulatory squad has accomplished successful decades — they’ve restored nationalist assurance successful licensing. These kinds of allegations lone distract from the reforms Nigerians person agelong demanded,” helium said.

EFCC accused of raiding Aisha Achimugu's home

In different report, the Coalition for Accountability and Good Governance condemned the Economic and Financial Crimes Commission (EFCC) for declaring salient businesswoman and philanthropist Achimugu wanted, describing the determination arsenic unjust.

At a property briefing successful Abuja, the coalition's spokesman, Adeniran Taiwo Olugbenga, decried what helium called an unlawful penetration of Achimugu’s residence and the alleged mistreatment of her aged parent by EFCC operatives.

Olugbenga urged the anti-graft bureau to uphold owed process and fairness successful its operations.

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Source: Legit.ng