Tag: PEF

FG scraps DPR, PPPRA, PEF, sacks CEOs, unveils new agencies

Aminu Imam

The Federal Government has scrapped the Department of Petroleum Resources, (DPR), the Petroleum Products Pricing Regulatory Agency, (PPPRA), and the Petroleum Equalisation Fund, (PEF). The Minister of State for Petroleum Resources, Timipre Sylva, who announced the decision on Monday, during the inauguration of the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NPRA), and the Nigerian Upstream Regulatory Commission in Abuja, (NURC), said that workers of the three agencies would be protected, while their chief executives had been relieved of their appointments. With the passage of the Petroleum Industry…

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Reps probe CBN, NNPC, NPA, PEF, others over alleged alienation, sale of government landed properties

Ishaku Yohanna

The House of Representatives will, on Wednesday, commence investigative hearing into the petition against the implementation Committee of White Paper on the Commission of Inquiry into the alienation and sale of Federal Government landed property from inception to date levelled against the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC). The investigative hearing was initiated by the House Committee on Public Accounts chaired by Hon Wole Oke. The Federal Executive Council (FEC) had in 2005 approved guidelines for the sale of Federal Government houses across the country, including…

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