Komolafe stated, “At the NUPRC, we are implementing the beneficial ownership reporting system, as it is a statutory requirement, which demands full disclosure of beneficial ownership information.
NUPRC said, “The commission hereby requires all entities that apply for or hold a participating interest in an exploration or production oil and gas licence, lease or contract to provide information of their owners, including the identity of their beneficial owner, the level of ownership and details about how that ownership or control is exerted.
“Accordingly, all relevant persons are hereby required to provide the information of persons with significant control over them: A person with significant control means any person directly or indirectly holding at least five per cent of the shares or interest in a relevant person. “Or a directly or indirectly holding at least 5 per cent of the voting rights in a relevant person; and directly or indirectly holding the right to appoint or remove a majority of the directors or partners in a relevant person.”Kindly share this story:
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Empty threats..but I can give a clue! check with the ex-generals. The plundering of a Nation by a few priviledged who had held positions in government with no proper record keeping yet there are MDAs on ground whose duties are specified by laws.
Minister of tropelium nor know... tah
NigerDelta oil belongs to Northern Nigeria cabal, Zamfara gold belongs to only zamfara people! Equity and fairness indeed....
I doubt it
Laughable indeed. Country where petroleum minister does not know or have list of oil well owners but it's been in operation.
As if they don't know them, are they not in the government