RMAFC directs NUPRC to dissolve host community trust within 48 hours

This directive follows an investigative hearing into the operations of Sterling Oil Exploration and Energy Production Company SEEPCO and the implementation of the Host Community Development Trust provisions of the Petroleum Industry Act. The RMAFC expressed concerns regarding the trust's constitution and its representation of affected oil-producing communities. Mohammed Shehu, Chairman of the RMAFC, emphasized the commission's commitment to protecting the interests of host communities and ensuring they receive benefits due under the law.

Ekene Enefe, Chairman of the Investment Monitoring Committee, criticized SEEPCO for failing to honor invitations and ordered the NUPRC to address the issues with the trust. The NUPRC, represented by Director of Host Communities Ufondu Ejiro, defended the trust's establishment, stating it was incorporated, funded, and structured according to the law. However, Peter Chukwudi, counsel for the affected communities, rejected NUPRC's submissions, citing inadequate consultations and unaccepted community representatives.

Other commissioners also raised concerns, including the need for stronger collaboration between NUPRC and state governments, and the effectiveness of NUPRC's verification process. The hearing is part of RMAFC's oversight initiative to pr