Breaking : President Buhari Fires CEOs Of DPR, PPPRA, PEF, Scraps Agencies


The Department of Petroleum Resources (DPR), the Petroleum Products Pricing Regulatory Agency (PPPRA), and the Petroleum Equalisation Fund (PEF)  have all been abolished by the Muhammadu Buhari-led federal

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Ejes Gist News reports, this was revealed by Minister of State for Petroleum Resources, Timipre Sylva, during a speech on the sidelines of the inauguration of the boards of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian Upstream Regulatory Commission.

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The chief executive officers of the three agencies have also been fired, according to him, by the Buhari-led administration.

According to the minister, the NPRA and NURC have taken over the functions of the DPR, PPPRA, and PEF following the passage of the Petroleum Industry Act.

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“It is now a matter of law,” Sylva said of the DPR’s fate following the NURC board’s inauguration.

“The law states that all the assets and even the staff of the DPR are to be invested on the commission and also in the authority. So that means the DPR doesn’t exist anymore.

And, of course, the law specifically repeals the DPR Act, the Petroleum Inspectorate Act, the Petroleum Equalisation Fund Act and the PPPRA Act. The law specifically repeals them. It is very clear that those agencies do not exist anymore.”

Speaking on what would happen to their CEOs, he said, “The law also provides for the staff and the jobs in those agencies to be protected.

“But I’m sure that that doesn’t cover, unfortunately, the chief executives, who were on political appointments.

The minister revealed that the process of integrating the workers of the scrapped agencies with the new bodies has already started

The authority has its staff coming from the defunct PEF, PPPRA and DPR. The commission has staff coming over from DPR and the process is going on for the next few weeks,” he said.



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