Nuhu Ribadu to head Petroleum Revenue Task Force

PRESS RELEASE - RE: PETROLEUM REVENUE SPECIAL TASK FORCE

Consistent with the policies and promises of President Goodluck Ebele Jonathan’s Administration, and underpinned by the yearnings of the people of Nigeria for transparency in the Petroleum Industry, the Honourable Minister of Petroleum Resources has set up a Petroleum Revenue Special Task Force designed to enhance probity and accountability in operations of the Petroleum Industry. 

The Petroleum Revenue Special Task Force, whose membership is listed below, is charged with the following terms of reference:

Terms of Reference

1.               To work with consultants and experts to determine and verify all petroleum upstream and downstream revenues (taxes, royalties, etc.) due and payable to the Federal Government of Nigeria;

2.               To take all necessary steps to collect all debts due and owing; to obtain agreements and enforce payment terms by all oil industry operators;

3.               To design a cross debt matrix between all Agencies and Parastatals of the Federal Ministry of Petroleum Resources;

4.               To develop an automated platform to enable effective tracking, monitoring, and online validation of income and debt drivers of all Parastatals and Agencies in the Federal Ministry of Petroleum Resources;

5.               To work with world-class consultants to integrate systems and technology across the production chain to determine and monitor crude oil production and exports, ensuring at all times, the integrity of payments to the Federal Government of Nigeria; and,

6.               To submit monthly reports for ministerial review and further action.

MEMBERS

1.   Mallam Nuhu Ribadu                 -               Chairman

2.   Mr. Steve Oronsaye                     -              Dep. Chairman

3.   Mallam Abba Kyari                     -                Member

4.   Ms. Benedicta Molokwu             -               Member

5.   Mr. Supo Sasore, SAN                 -             Member

6.   Mr. Tony Idigbe, SAN                 -                Member

7.   Mr. Anthony George-Ikoli, SAN       -       Member

8.   Dr. (Mrs.) Omolara Akanji         -                Member

9.   Mr. Olisa Agbakoba, SAN         -                Member

10. Mr. Ituah Ighodalo                      -                Member

11.  Mr. Bon Otti                                 -               Member

12. Mallam Samaila Zubairu            -              Member

13. Mr.Ignatius Adegunle                 -              Member

14. Mr. Gerald Ilukwe                       -                Member

15. Rep. of FIRS                                 -              Ex-Officio

16. Rep. of FMF Incorporated          -               Ex-Officio

17. Rep of HAGF/HMJ                          -           Ex-Officio

18. Rep of OGAF                                   -           Ex-Officio

19. Rep of DPR                                      -           Ex-Officio

20. Rep of NNPC                                   -           Ex-Officio

Signed Goni. M. Sheikh

Permanent Secretary

Federal Ministry of Petroleum Resources