Overview
- Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC resigned, according to an official statement from the presidency.
- President Bola Tinubu nominated Oritsemeyiwa Amanorisewo Eyesan to lead the NUPRC and Engineer Saidu Mohammed to head the NMDPRA, requesting expedited Senate confirmation.
- Aliko Dangote accused Ahmed of undermining domestic refining through import licences and filed a petition to the ICPC alleging over $7 million in unexplained education expenses for his children.
- Ahmed called the allegations “wild and spurious” and said he welcomes a formal investigation to address the claims.
- The NUPRC’s 2025 licensing round offers 50 blocks and targets roughly $10 billion in investment, with industry watchers flagging regulatory continuity risks during the transition.