The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has firmly dismissed recent allegations of irregularities in the 2024 oil block licensing round, affirming that the process adhered strictly to the Petroleum Industry Act (PIA) 2021 and established licensing guidelines.
In a media briefing held in Abuja, the Commission’s Chief Executive, Mr. Gbenga Komolafe, described the licensing exercise as transparent, competitive, and fully technology-driven—reflecting the reformist spirit of the PIA.
“There was no violation of oil licensing guidelines during the 2024 oil block licensing round,” Komolafe stated. “The entire process was carried out in strict accordance with statutory provisions, ensuring integrity, fairness, and openness.”
He explained that the licensing round followed a structured, multi-phase approach, including pre-qualification, technical evaluation, and commercial bid assessment. Participating bidders were required to submit critical documentation such as incorporation certificates, tax clearance records, and proof of financial, legal, and technical capacity.
Responding to reports alleging that a newly registered company was improperly awarded a license, Komolafe clarified that eligibility under NUPRC guidelines is not determined by a company’s age.
“Our regulations do not discriminate based on a company’s date of incorporation. What matters is the company’s ability to meet the stipulated requirements,” he noted.
The Commission also underscored the digital nature of the process, highlighting that the exercise was conducted via online platforms designed to eliminate manual interference and minimize the potential for malpractice.
“The use of digital systems ensured transparency at every stage. All bids were submitted and evaluated electronically, significantly reducing human interference and upholding the credibility of the process,” Komolafe added.
The 2024 licensing round is part of Nigeria’s ongoing strategy to attract investment into the upstream petroleum sector, following the enactment of the PIA in 2021. The NUPRC reaffirmed its commitment to legal compliance, transparency, and stakeholder trust.
“We are determined to maintain investor confidence and uphold global best practices in the management of Nigeria’s hydrocarbon resources,” Komolafe concluded.
The Commission’s response comes amid heightened scrutiny over transparency and governance in Nigeria’s oil and gas industry. However, the NUPRC maintains that it will continue to operate within the legal framework to promote accountability, fairness, and sustainable sector growth.
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