The Senate on Wednesday confirmed the appointment of board
members of the Nigerian Upstream Regulatory Commission.
The confirmation of the nominees followed the consideration
of a report by the Senate Committee on Petroleum Resources.
The new agency has automatically replaced the Department of
Petroleum Resources because the commission would take over its
responsibilities.
The nominees confirmed include Isa Modibbo – Chairman; Gbenga Komolafe – Chief Executive; Hassan Gambo – Executive Commissioner, Finance and Accounts; and Rose Ndong – Executive Commissioner, Exploration and Acreage Management.
Chairman of the Committee on Petroleum Resources (Upstream),
Senator Albert Akpan, in his presentation, said that the nominees demonstrated sufficient
knowledge of the workings of the petroleum industry, especially the upstream
petroleum sector, as well as the economics of petroleum exploration and
production.
He added that the appointments of the nominees satisfy the
requirements of Sections 11 and 18 (1-5) of the Petroleum Industry Act, 2021.
According to the lawmaker, “there are no adverse reports
against the nominees as record checks and other forms of investigations by
security agencies did not reveal any negative trace against them.”
Akpan stated that the Committee was satisfied about the
qualifications, experience, suitability, competence and integrity of the
nominees to assume the position of Chairman, Chief Executive and Executive
Commissioners of the Nigerian Upstream Regulatory Commission.
The Senate President, Ahmad Lawan, said the establishment of
the Nigerian Upstream Regulatory Commission would provide a foundation for the
stabilisation of the petroleum industry in Nigeria.
Read Also
He also said the confirmation of the NURC board has
automatically led to the scrapping of the Department of Petroleum Resources as
the new commission will take over its responsibilities.
He said, “The Regulatory Commission has the enormous and
huge responsibility of setting and establishing the Commission as provided in
the Petroleum Industry Act.
“They have the unenviable responsibility of ensuring that
they commit themselves and work hard to provide the solid and stable foundation
for that matter, that they don’t waste any time because time is of essence.
“The implication of the approval of board members for the
commission is that the Department of Petroleum Resources has ceased to exist.”
“The Petroleum Industry will go through a reform process and
the process has already started.
“This Commission is one of the huge arms of those reforms
that will stabilize the petroleum industry in Nigeria.
“While the Senate confirms them, we expect nothing less than
commitment and patriotism on their side.
“The Senate wishes them the best and a very fruitful tenure
as they take their offices.
“We expect that the other regulatory authority for
downstream and midstream will also be confirmed as soon as possible, so they
also start their work immediately.”
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com