The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has given all lease and license holders in the country’s oil and gas industry a seven-day deadline to reveal the true owners of their businesses.
NUPRC Chief Executive Gbenga Komolafe signed the order on Thursday.
He emphasized that the commission would collaborate with interested parties to put the order into effect.
As Komolafe said, “At the NUPRC, we are implementing the beneficial ownership reporting system, as it is a statutory requirement, which demands full disclosure of valuable ownership information”.
