OrderPaperToday – The Senate on Wednesday confirmed Isa Ibrahim Modibbo as Chairman of the Nigerian Upstream Regulatory Commission.

Similarly, it also confirmed three others as members of the Board.

The confirmation follows the consideration of a report by the Senate Committee on Petroleum Resources. Senator Albert Bassey Akpan (Akwa Ibom North-East), Chairman Committee on Petroleum Resources (Upstream), presented the report before the Senate.

Consequently, the other three nominees confirmed include Engr. Gbenga Komolafe – Chief Executive; Hassan Gambo – Executive Commissioner, Finance and Accounts; and Ms Rose Ndong – Executive Commissioner, Exploration and Acreage Management.  

While making his presentation, Akpan noted that the nominees demonstrated sufficient knowledge of the workings of the petroleum industry. He added that their expertise covers the upstream petroleum sector and the economics of petroleum exploration and production.

Also, the lawmaker said that appointments of the nominees satisfy the requirements of Sections 11 and 18 (1-5) of the Petroleum Industry Act, 2021. “There are no adverse reports against the nominees as record check out. Likewise other forms of investigations by security agencies did not reveal any negative trace against them.”

Additionally, Akpan stated that “the Committee was satisfied about the qualifications, experience, suitability, competence and integrity of the nominees. Thus they can assume the position of Chairman, Chief Executive and Executive Commissioners of the Nigerian Upstream Regulatory Commission.”

On his part Senate President, Ahmad Lawan remarked that the establishment of the Nigerian Upstream Regulatory Commission would provide a foundation for stabilising the petroleum industry in Nigeria. “The Regulatory Commission has the enormous and huge responsibility of setting and establishing the Commission as provided in the Petroleum Industry Act,” he said.

Furthermore, Lawan stated that the nominees have the unenviable responsibility of ensuring that they commit themselves and work hard to provide a solid and stable foundation. They are also conscious not to waste any time, as time is of the essence.

“The Petroleum Industry will go through a reform process which has already started. This Commission is one of the huge arms of those reforms that will stabilise the petroleum industry in Nigeria,” Lawan added.  

Concluding his remarks, the Senate President added that “while the Senate confirms them, we expect nothing less than commitment and patriotism on their side. The Senate wishes them the best and a very fruitful tenure as they take their offices. We expect that the other regulatory authority for downstream and midstream will also be confirmed as soon as possible, so they also start their work immediately.”

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