The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, did not award or participate in the award of any oil block or marginal field, industry insiders have said.
The insiders also said Ojulari and NNPCL do not have the statutory authority to allocate oil blocks or issue petroleum licences in Nigeria.
Their comments followed allegations linking Ojulari to the award of an oil field to a company allegedly connected to his wife.
According to the sources, the allegations are unsupported by evidence and inconsistent with the legal framework governing petroleum licensing in Nigeria.
Under the Petroleum Industry Act, PIA, upstream petrol...
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Ojulari never awarded oil block, had no role in licensing โ NNPCL insiders
Source: Daily Post
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