FG cancels DPR, PPPRA, PEF, sacks CEOs, inaugurates new agencies

By our Reporter

The Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency and the Petroleum Equalisation Fund are all officially scrapped and do not exist anymore, the Federal Government said on Monday.

It also said while workers of the three agencies would be protected, their chief executives had been relieved of their various appointments.

The Minister of State for Petroleum Resources, Chief Timipre Sylva, stated this concerning the inauguration of the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Regulatory Commission in Abuja.

With the passage of the Petroleum Industry Act, the NPRA and NURC had taken over the functions of the DPR, PPPRA and PEF.

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