#pppra

IPMAN raises the alarm over members’ fund trapped in DPR, others

The Independent Petroleum Marketers Association of Nigeria, on Friday, said it had engaged forensic experts to recover the funds of its members trapped in the now-defunct Department of Petroleum Resources, Petroleum Equalisation Fund Management Board and Petroleum Product Pricing Regulatory Agency. The Minister of State for Petroleum Resource, Chief Timipre Sylva, had announced on Monday that the…

FG’ll retain 1,500 staff of defunct PPPRA, DPR, PEF – Sylva

The Federal Government is to retain the about 1,500 employees of the defunct Department of Petroleum Resources, Petroleum Products Pricing Regulatory Agency and Petroleum Equalisation Fund. Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Wednesday that no staff of the scrapped agencies would be sacked. He disclosed this while during meetings with employees of the affected…

Anxiety in defunct oil agencies as new heads take charge

A file photo of Minister of petroleum, Timipre Sylva It is not the best moment at the defunct Department of Petroleum Resources, Petroleum Products Pricing Regulatory Authority and the Petroleum Equalisation Fund as fear, intrigue and tension follow the resumption of new heads of the agencies born out of the recently passed Petroleum Industry Act (PIA). For the former head of DPR, Sarki Auwalu,…

FG scraps DPR, PPPRA, PEF, sacks CEOs

The federal government has scrapped the Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund and do not exist anymore, the Federal Government said on Monday. The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this on Monday at the  inauguration of the boards of the Nigerian Midstream and Downstream…

Reps accuse PPPRA of doctoring revenue documents

The House of Representatives Committee on Finance on Wednesday walked out on the Pipeline Products Pricing Regulatory Agency (PPPRA) for failing to give appropriate figures on its daily output of Petroleum Motor Spirit (PMS) and other petroleum products. The Chairman of the Committee, James Faleke and members, after deliberations concluded that there were discrepancies in the records presented…

PIA does not mean increase in petrol price – PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA) says the implementation of Petroleum Industry Act (PIA) does not mean automatic increase in the pump price of petrol in the country. The Executive Secretary of the Agency, Mr Abdulkadir Saidu, disclosed this in a statement in Abuja on Sunday. “There is no gainsaying that the PIA signals the implementation of full deregulation of the…