The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has dismissed allegations of irregularities in the 2024 oil block licensing round, asserting that the process strictly adhered to the Petroleum Industry Act (PIA) 2021 and its licensing guidelines.
This disclosure was made by the Chief Executive of the NUPRC, Mr. Gbenga Komolafe, on Thursday in Abuja, as reported by the News Agency of Nigeria (NAN).
He stated that the bidding process was transparent, competitive, and driven by technology.