The President Muhammadu Buhari Federal Government through the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has given 7 days ultimatum to all Oil and Gas lease and license holders in the country, to unveil the real owners of their companies, on Friday.
The directive was signed by the NUPRC Chief Executive, Gbenga Komolafe, on Thursday.
He stressed that the Commission would work with Stakeholders to implement the directive.
His words: “At the NUPRC, we are implementing the beneficial ownership reporting system, as it is a statutory requirement, which demands full disclosure of valuable ownership information.”
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