Skip to main content

The Traffic NG

  • info@thetraffic.ng
  • 7 Nasir El Rufai Crescent, Guzape
THE TRAFFIC NG LOGO
THE TRAFFIC NG LOGO
ADVERTISE WITH US
NNPC

A group of oil and gas professionals has called for an independent investigation into the leadership and operations of the Nigerian National Petroleum Company Limited (NNPC) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), citing growing concerns over transparency, accountability and governance in the country’s petroleum sector.

The stakeholders said Nigeria’s oil and gas industry cannot continue to operate under allegations of irregularities and internal distrust while key institutions responsible for managing the nation’s petroleum resources remain under public scrutiny.

The call comes amid renewed debate over crude oil production levels, licensing procedures and the award of contracts in the industry, with recent reports raising concerns about regulatory credibility, bid-round integrity and investor confidence.

In a statement issued on Saturday by its convener, Ayodele Momoh, the forum said the latest demand reflects mounting unease among industry professionals over the pace of reforms and the handling of major decisions affecting the sector.

According to the group, persistent questions surrounding production performance and regulatory processes have heightened the need for a comprehensive review of the activities of the NNPC and the NUPRC.

The forum alleged that Nigeria’s oil industry has continued to face criticism over claims of policy underperformance, controversial transactions and contract-related issues involving senior officials in the sector.

It also referenced the tenure of former NNPC Group Chief Executive Officer, Mele Kyari, stating that his administration had been criticised over alleged underperformance and the inability to significantly increase crude oil production beyond the widely reported average of about 1.7 million barrels per day.

The professionals argued that despite a change in leadership, production figures have yet to improve significantly, while concerns over governance and alleged questionable transactions have continued to dominate discussions within the industry.

They further called for closer scrutiny of the marginal field licensing process, alleging that reports of insider influence, uneven application of licensing rules and overlapping block allocations warrant a thorough investigation.

The statement alleged that some licensing decisions may have benefited individuals with close ties to senior management, insisting that such claims should be independently examined to protect the integrity of the process.

According to the forum, all licensing exercises involving national assets should be conducted under clearly defined guidelines that guarantee transparency, fairness and equal opportunities for all qualified investors.

READ ALSO: The Hidden Workforce Keeping Nigeria’s Aircraft Flying

The group maintained that restoring public confidence in Nigeria’s petroleum industry requires credible investigations into any allegations of misconduct and the implementation of reforms capable of strengthening accountability.

The professionals noted that similar calls for forensic reviews of licensing exercises and bid-round processes have emerged from other stakeholders, arguing that addressing the concerns would help reinforce investor confidence and improve governance in one of Nigeria’s most strategic economic sectors.

The Traffic NG
NNPC
Amarachi Ihesiulo
The Traffic NG

Categories

Search
Recent Post
Sunday Dare
When The Cassock Abandons The Pulpit :
  • August 3, 2026
  • 8 min read
airports
The Rise of Regional Airlines in Nigeria:
  • August 3, 2026
  • 7 min read
small traders
Small Traders Navigate Cashless Economy
  • August 3, 2026
  • 8 min read
Stay In Touch
Featured Videos
All Tags
ADC AFCON Aliko Dangote Anthony Joshua APC Atiku Abubakar aviation CBN Court Customs Dangote EFCC FIFA First Lady FRSC Gov. Hope Uzodimma Governor Hope Uzodimma INEC JAMB Lagos Lionel Messi naira NDLEA Nigeria NSC Nyesom Wike Oil PDP Peter Obi Police President Bola Ahmed Tinubu President Bola Tinubu Security Senate Senator Oluremi Tinubu sports Sunday Akin Dare CON Sunday Dare Super Eagles Taiwo Oyedele Tax Troops United Nigeria Airlines Vice President Kashim Shettima Victor Osimhen

Related Posts

NSA
News
NSA Hails Kaduna Security Gains, Backs Expansion of Forest Guard Initiative
Kashim Shettima
News
At Jang’s 80th, Shettima Urges Unity
NDLEA
News
NDLEA Foils Cocaine Export, Nabs Suspects
ISWAP
News
ISWAP Leadership Crisis Deepens as Four Senior Shura Members Detained

© 2025. All rights reserved  - Developed by ICS.