Oil and Gas Watchdog, a Civil Society Group for Transparency in Extractive Sector, CCSGTES, has urged the House of Representatives to probe the Nigeria Upstream Regulatory Commission, NUPRC, over allocation of marginal oil fields.
This is contained in a statement signed by Nduka Chinwuba, the National Coordinator of the group in Abuja on Wednesday.
Mr Chinwuba alleged that the publication of the 2021 NEITI Oil and Gas Report showed that the NUPRC awarded marginal fields to some companies prior to payment of signature bonus by the firms, and in the process did not adhere to its own regulations.
“We are worried by this development and the dire impact on our fragile economy.
“It is expedient that there is need for the present management to be probed to allow for deliberate reframing of the commission to address concerns about manifest mismanagement.
“It will augur well for the House of Reps to open a probe of the NUPRC as some commissioners are willing to testify to the malfeasance in the commission,” he said.
He expressed worry over the series of protests and agitations in the commission, adding that such incessant protests must be addressed.
NAN
