*** Movement declares possible favouritism and monetary incentives in licensing procedure, needs independent probe into freshly signed up business granted oil obstructs
ABUJA, NIGERIA– The Nigeria Progressive Movement has actually implicated the management of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), headed by Oritsemeyiwa Eyesan, of commanding an oil licensing procedure that raises major concerns about possible favouritism, openness and the situations under which recently signed up business protected oil blocks.
The motion has actually contacted President Bola Ahmed Tinubu and the appropriate authorities to eliminate Eyesan from workplace pending an independent examination into the 2025 oil licensing round, following findings released by TrackNews Online worrying the business identities, incorporation dates and ownership structures of some effective bidders.
In a declaration released in Abuja and signed by its President, Mr. James Collins, and Secretary, Mr. Benjamin Jacob, the motion stated the reported award of oil obstructs to business included just months before the statement of the outcomes requires an extensive evaluation of the choice procedure.
The motion likewise required an examination into accusations and suspicions that individual connections or monetary incentives might have affected the award of some oil obstructs. It worried, nevertheless, that these issues need to be developed through documentary proof and an independent examination.
Freshly Registered Companies Under Scrutiny
The TrackNews Online examination determined 8 business that were integrated in between roughly 4 and twenty-six months before the statement of the licensing awards on July 21, 2026.
The business consist of BVOF Energy Company Limited, Gupsco Energy Limited, Volonte Oil and Gas Limited, Saratoga Oil and Gas Limited, CFP Pipelines and Flowlines Company Limited, Southborne Oil and Gas Limited, Up Energies Limited and Nuway Oaklane Energy Limited.
The motion questioned how the business showed the technical knowledge, monetary capability and functional readiness needed to take part effectively in a significant upstream petroleum licensing workout.
It stated the commission needs to release the appropriate assessment records and describe the requirements utilized to evaluate the bidders.
The motion even more required that the identities of the business’ supreme useful owners be divulged in accordance with relevant laws and policies.
It argued that Nigerians should have to understand who manages the business getting important petroleum properties and whether all bidders went through the very same credentials requirements.
Claims of Favouritism and Financial Inducements
The Nigeria Progressive Movement stated the situations surrounding the awards call for an examination into whether any effective bidder took advantage of individual relationships with authorities or other prominent people.
The motion likewise required a forensic evaluation of appropriate monetary deals if reliable proof emerges recommending that cash or other advantages were used or gotten to affect licensing choices.
It firmly insisted that the examination needs to develop whether the procedure was carried out strictly on benefit and in accordance with the Petroleum Industry Act and appropriate licensing guidelines.
“No person or business need to get favoritism in the allowance of Nigeria’s petroleum resources since of individual connections, impact or monetary incentives,” the motion stated in its declaration.
The motion preserved that the claims of possible monetary incentives should be examined instead of dealt with as a recognized truth without supporting proof.
5 Companies Raise Further Questions
The examination by TrackNews Online likewise reported that 5 business noted amongst the effective bidders might not be separately validated under their specific released names through the business search platforms taken a look at.
They are Attabanson Global Company Limited, Concept-Reel Petroleum Services Limited, Blackrock Holdings Limited, Nikstallis and Eyre Energy Limited.
According to the publication, the 5 business were jointly noted as winners of 8 oil blocks.
The examination recognized in a different way called business entities in many cases however did not develop that those entities corresponded the business noted by NUPRC.
The motion stated these inconsistencies must be dealt with through main registration files, business recognition numbers, incorporation records and the commission’s bid-evaluation files.
It got in touch with NUPRC to describe how it validated the legal identities of the business before revealing them as effective bidders.
Pivot-GIS and Beneficial Ownership Transparency
The examination likewise raised concerns about Pivot-GIS Limited, supposedly granted Block 2A39 with a signature bonus offer of $14.53 million.
Business details evaluated by TrackNews supposedly connected the business to family members of entrepreneur Dr. Oba Otudeko.
The publication likewise determined distinctions in between the outcomes returned by the CAC public search website and info offered through alternative business lookup sources.
The motion required main explanation of the business’s ownership structure and the due-diligence treatments used to its quote.
It stressed that a business’s ownership by a popular business owner or household does not itself develop misdeed. The main issue, it stated, is whether all bidders satisfied the exact same requirements and whether the licensing procedure was transparent and correctly recorded.
Nigeria Progressive Movement Demands Eyesan’s Removal
The motion stated the severity of the concerns raised by the examination warrants an independent evaluation of the licensing procedure and the obligations of the authorities included.
It required Eyesan’s elimination pending the result of the examination, while prompting the Federal Government to guarantee that the procedure is carried out without political disturbance.
The motion acknowledged that the licensing workout was carried out throughout the period of previous NUPRC president Gbenga Komolafe, while the last awards were revealed under Eyesan’s management on July 21, 2026.
It for that reason got in touch with private investigators to analyze the particular functions of authorities associated with the examination, approval and statement of the effective bidders.
6 Demands to the Federal Government
The Nigeria Progressive Movement required:
1. An independent examination into the choice and award of oil blocks throughout the 2025 licensing round.
2. Publication of business records developing the legal identities of all effective bidders.
3. Disclosure of advantageous ownership in accordance with relevant legal requirements.
4. Confirmation of technical and monetary capability for business granted oil blocks.
5. A forensic evaluation of pertinent monetary deals where proof recommends possible incentives or inappropriate payments.
6. Proper sanctions versus any main or business discovered, following a reputable examination, to have actually breached the law.
The motion prompted the Federal Government and appropriate oversight organizations to take the accusations seriously and guarantee that the general public gets clear responses.
It likewise contacted NUPRC and the afflicted business to react to the findings and supply supporting paperwork to deal with the exceptional concerns.
The motion worried that the reported business disparities and current incorporation dates do not, on their own, show that the awards were illegal or that cash altered hands. It kept that any reputable proof of favouritism, corruption or breach of licensing guidelines need to be examined and resolved in accordance with the law.
“Nigeria’s oil blocks are nationwide properties, not personal benefits. Nigerians are worthy of a transparent licensing procedure, equivalent treatment for certified bidders and responsibility from every public main turned over with safeguarding the country’s resources,” the motion stated.
The Nigeria Progressive Movement declared its need for Eyesan’s elimination pending an independent examination and required a detailed evaluation of the licensing round in the general public interest.
SIGNED:
Mr. James Collins
President
Nigeria Progressive Movement
Mr. Benjamin Jacob
Secretary
Nigeria Progressive Movement
Released in Abuja, Nigeria.
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