FG Directs Operators to Name Real Owners of Oil Well

FG Directs Operators to Name Real Owners of Oil Well

The directive is contained in a statement by the commission’s chief executive, Gbenga Komolafe.

In the directive to the operators on Thursday, the chief executive stressed that the commission would work with stakeholders to implement the order, after the expiration of its seven-day ultimatum to comply with the directive.

Komolafe noted that NUPRC is implementing the beneficial ownership reporting system, adding that it is a statutory requirement, which demands full disclosure of valuable ownership information.

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