Nigeria Senate Confirms New CEOs for Nigeria's Top Oil Regulatory Agencies

The Digest:

The Nigerian Senate has officially confirmed the appointments of Oritsemeyiwa Eyesan as the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Saidu Mohammed as the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). According to reports, the confirmations come after the resignations of the previous agency heads amid serious corruption allegations.

Key Points:

• The Senate has confirmed Oritsemeyiwa Eyesan as the new CEO of the NUPRC
• Saidu Mohammed has been confirmed as the new CEO of the NMDPRA
• The appointments follow the resignations of former chiefs Farouk Ahmed and Gbenga Komolafe
• President Tinubu requested expedited confirmation for the "seasoned professionals."
• The resignations occurred amid corruption allegations by businessman Aliko Dangote
• Dangote accused the former NMDPRA head of living beyond his means and frustrating local refiners
• The Independent Corrupt Practices Commission (ICPC) is investigating the allegations

In the high-stakes arena of Nigeria's oil sector, the appointment of new regulators represents not just a change of guard but a critical test of the system's ability to self-correct and restore credibility amid swirling allegations of malpractice.

Sources: Channels TV