Wednesday, April 15, 2026
  • About Us
  • Advertise With Us
  • Contact Us
  • Privacy Policy
Salient Times Online
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-COPY
No Result
View All Result
Salient Times Online
  • Home
  • News
  • Business
  • Politics
  • Education
  • Entertainment
  • Metro
  • Health
  • E-COPY
No Result
View All Result
Salient Times Online
No Result
View All Result
Home Business

Petroleum Industry Act: Bayelsa Govt Tasks Oil Companies, Devt Trusts On Transparency

Salient Times Online by Salient Times Online
June 7, 2025
in Business
0
Petroleum Industry Act: Bayelsa Govt Tasks Oil Companies, Devt Trusts On Transparency
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Petroleum Industry Act: Bayelsa Govt Tasks Oil Companies, Devt Trusts On Transparency

…Set To Issue New Operational Guidelines

From Kenechukwu Obiajuru, Yenagoa

 

You might also like

Lokpobiri Urges Oil And Gas Operators To Accelerate Short Term Production Giants Amid Global Supply Opportunity

Sachet water producers suspend production in Imo over rising costs

Nigerian, UK businesses scale up investments as President Tinubu visits London

The Bayelsa State Government has urged oil companies and host communities development trusts (HCDTs) to be transparent and accountable in the implementation of policies and projects in oil bearing communities as spelt out in the petroleum industry act (PIA).

The Deputy Governor, Senator Lawrence Ewhrudjakpo, stated this on Wednesday while presiding over a meeting between representatives of Egbemo-Angalabiri, Agbidiama Communities and Renaissance Africa Energy Company, formerly SPDC, at his office in Government House, Yenagoa.

Senator Ewhrudjakpo, who expressed concern over the incessant cases of intra-community conflicts and threats to shut down the operations of oil companies, identified lack of transparency in the award of contracts, as well as mismanagement of funds and employment opportunities in most communities.

To checkmate this, he said the state government has directed that henceforth all oil companies operating in the state should disclose the full content of the Free to Operate (FTO) agreements signed with the leadership of any community or its representatives to the entire community

According to the Deputy Governor, government has equally directed the oil firms to make available copies of the FTOs to the State Ministry of Mineral Resources within two weeks of signing such documents to enable it keep track of the firms’ engagements with their host communities.

Commenting on the Egbemo-Angalabiri internal conflict, he cautioned the youths against shutting down the operations of Renaissance Africa Energy Company, describing the problem in the community as self-inflicted.

He equally advised the community to open and operate a central community account with three officials including the Amananaowei, Community Development Committee Chairman and the women leader as signatories to check embezzlement of community funds.

Senator Ewhrudjakpo, who warned the communities against subletting contracts, especially when they have the local capacity and competency to handle such jobs, also directed the PIA management and host communities development trust boards to render periodic accounts to their various communities

His words: “Every FTO signed, a copy of it should be deposited with the Ministry of Mineral Resources within two weeks. Once an FTO is signed, those who signed it must disclose the full content of the FTO to the entire community.

“All jobs- unskilled, semi- skilled and skilled must be announced to the community and the community takes the decision as to who should be employed.

“All companies operating must disclose fully the prevailing contract sum for any contract that is being awarded, and no contract should be subsidized, except at the request of the community.

“PIA members must report periodically, preferably monthly to their communities. You must give account of what is happening to your communities.

“Host Community Development Trusts (HCDTs) shall not wards any contracts without reference or recourse to the communities.

“These are some of the operational guidelines we have decided to take the Governor for approval. Thereafter, a circular will be issued by the ministry of mineral resources and all oil companies will comply.

“We are doing this to complement the PIA, and most importantly, to checkmate the recurring cases of internal conflicts in almost all the oil bearing communities across our state. We want to ensure peace by all lawful means.”

Speaking earlier, a stakeholder of Egbemo-Angalabiri Community, Hon Selekebina Saboh, expressed total support for the proposed operational guidelines of the state government.

ADVERTISEMENT

While thanking government for its effort towards restoring peace in the community and industrial harmony for companies operating in the area, Hon Saboh said the issue of embezzling community funds would have been avoided if the community had supported him in kicking against the use of the personal account of successive CDC chairmen.

While giving account of his stewardship, the immediate past CDC Chairman of Egbemo-Angalabiri, Mr Timadi Sambo, who was alleged to have mismanaged about N40 million belonging to the community, described the allegation as spurious and unfounded.

The meeting was attended by the paramount rulers, CDC chairmen and women and youth leaders of Egbemo-Angalabiri and Agbidiama communities, as well as representatives of Renaissance Africa Energy Limited, and top government functionaries.

Tags: Douye Diri
Previous Post

Beyonce’s pants falls during her performance in London

Next Post

Senator Benson, Chief Lyon, Maciver Others Bid farewell To Late Prophetess Daughter Wilson

Salient Times Online

Salient Times Online

Related Posts

Lokpobiri Urges Oil And Gas Operators To Accelerate Short Term Production Giants Amid Global Supply Opportunity
Business

Lokpobiri Urges Oil And Gas Operators To Accelerate Short Term Production Giants Amid Global Supply Opportunity

by Salient Times Online
March 19, 2026
Sachet water producers suspend production in Imo over rising costs
Business

Sachet water producers suspend production in Imo over rising costs

by Salient Times Online
March 19, 2026
Tinubu directs service chiefs to relocate to Maiduguri
Business

Nigerian, UK businesses scale up investments as President Tinubu visits London

by Salient Times Online
March 17, 2026
FG Won’t Surrender Aviation Sector to Foreign Interests — Keyamo
Business

FG Won’t Surrender Aviation Sector to Foreign Interests — Keyamo

by Salient Times Online
March 17, 2026
Nigerian artists generate N60bn on Spotify in 2025
Business

Nigerian artists generate N60bn on Spotify in 2025

by Salient Times Online
March 17, 2026
Next Post
Senator Benson, Chief Lyon, Maciver Others Bid farewell To Late Prophetess Daughter Wilson

Senator Benson, Chief Lyon, Maciver Others Bid farewell To Late Prophetess Daughter Wilson

ADVERTISEMENT
Salient Times Online

Salient Times Newspaper is a product of a dedicated Journalist and a public analyst.

Categories

  • Business
  • Celebrity Gist
  • Crime
  • Culture
  • Education
  • Entertainment
  • Fashion
  • Features
  • Food
  • Gist
  • Health
  • ICT
  • International
  • Interview
  • Lifestyle
  • Metro
  • National
  • News
  • Obituary
  • Opinion
  • Politics
  • Religion
  • Sponsored
  • Sports
  • Travel
  • World

Recent News

Amotekun Corps Declare Ogun Woman Wanted for Allegedly Jumping Bail

Amotekun Corps Declare Ogun Woman Wanted for Allegedly Jumping Bail

March 31, 2026
The Business Of Bombs :War, Wealth, and the World’s Most Profitable Industry   

The Business Of Bombs :War, Wealth, and the World’s Most Profitable Industry  

March 30, 2026

© 2023 Salient Times Online. All Right Reserved

No Result
View All Result
  • Home
  • News
  • Politics
  • Education
  • Opinion
  • Culture
  • Entertainment
  • Lifestyle
  • About Us
  • Contact Us
  • Advertise With Us

© 2023 Salient Times Online. All Right Reserved