Ojulari never awarded oil block, had no role in licensing – NNPCL insiders

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, did not grant oregon enactment successful the grant of immoderate lipid artifact oregon marginal field, manufacture insiders person said.

The insiders besides said Ojulari and NNPCL bash not person the statutory authorization to allocate lipid blocks oregon contented petroleum licences successful Nigeria.

Their comments followed allegations linking Ojulari to the grant of an lipid tract to a institution allegedly connected to his wife.

According to the sources, the allegations are unsupported by grounds and inconsistent with the ineligible model governing petroleum licensing successful Nigeria.

Under the Petroleum Industry Act, PIA, upstream petroleum licensing is administered by the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, portion the authorization to assistance a Petroleum Prospecting Licence rests with the Minister of Petroleum Resources.

The sources truthful said Ojulari neither conducted the applicable bid process nor evaluated applicants, selected beneficiaries oregon approved the grant of immoderate lipid block.

“This allegati...