ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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MTN PAYS $250 MILLION FOR THE FINE AND WITHDREW THE LAWSUIT AGAINST NIGERIA COMMUNICATION COMMISSION.

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                                     MTN Group,a South African Telecommunication company based in Nigeria,have decided to withdraw its lawsuit against Nigeria Communications Commission {NCC} over a $3.9 billion fine and paid $250 million towards a possible settlement.MTN,which makes 37 % of its sales in Nigeria,said it would withdraw its court challenge in an effort to reach an amicable settlement and make a ''good faith payment of $250 million towards a possible settlement.Dobek Pater,managing director of Africa Analysis said ''This is a sign that the fine could be reduced much further.There is some sort of negotiation taking place and the parties are migrating towards a common ground''.The original peenalty was based on fining the company $1, 000 for every unregistered SIM card in use.A judge in Lagos last month gave both parties March 18 to reach a settlement,after MTN had asked the court to arbitrate over the dispute,saying the Nigerian Communications Commission {NCC} had no legal grounds to order the fine.One more photo below.                                                                                    

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