ICPC, NUPRC Open Talks to Block Leakages in Oil and Gas Sector

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has pledged to collaborate with Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to block leakages in the oil and gas sector.

ICPC Chairman, Dr. Musa Adamu Aliyu, SAN made this pledge during a courtesy visit by NUPRC, led by the Regulatory Commission’s Chief Executive, Engineer Gbenga Komolafe.

In his remarks, Dr. Aliyu discussed ICPC’s corruption prevention mandate and the goals of its System Study and Review carried out by the Commission to reduce gaps and prevent resources from leaking in government agencies.

The ICPC boss affirmed that the review was in line with the objectives of NUPRC as a regulatory body that is saddled with ensuring compliance in the upstream oil and gas sector.

This shared interest, he revealed, will birth a Memorandum of Understanding between both agencies to help block leakages in the oil and gas sector and ensuring transparency.

Earlier in his speech, Engr. Komolafe expressed his delight as he looks forward to collaborating with ICPC on the NUPRC regulatory focus and achieve its goals.

He went further to explain NUPRC achievements in the past 2 years and stressed the need to continue making further strides in ensuring transparency in petro-chemical accounting, optimizing the country’s oil and gas production and improving investors’ confidence, with ICPC’s cooperation moving forward.