THURSDAY 22TH DECEMBER 2022

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15Years After, NUPRC Announces Bid for Seven Deep Offshore Oil Assets Incorporates 63 host communities’ trust fund Emmanuel Addeh in Abuja Fifteen years after it last put up about 45 deep offshore assets for public bidding, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday

announced that the process to invite Nigerian and foreign oil industry players to apply for seven more facilities had begun. Speaking during a press briefing to formally kick off the process, the Commissions Chief Executive,

Mr Gbenga Komolafe, noted that in this year's mini bid round, the offshore blocks will be putting on offer assets covering an area of approximately 6,700 km2 in water depths of 1,150m to 3,100m. The success of the mini bid

Pre-qualification submissions end January 31 round, he said, will ensure all stakeholders gain value from the country’s resources, while paying close attention to reduction in carbon emissions, as well as overall Environmental, Social And Governance (ESG) considerations.

THISDAY learnt that the offshore assets are located off the city of Lagos, rather than off the coast of the Niger Delta further to the east where most of the country’s oil industry is concentrated. The decision to put up the assets

for sale is coming months after the NUPRC concluded the disposal of 57 marginal fields after a long and winding process to ramp up the country’s struggling oil production Continued on page 12

FG: We Can No Longer Deliver $1.96bn Eastern Railway Corridor By May... Page 5 Thursday 22 December, 2022 Vol 27. No 10117. Price: N250

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History as Sanwo-Olu Completes Infrastructure Work on Lagos Blue Rail Line To begin operations after test running, to move 250,000 passengers daily State to announce preferred bidder for 37km fourth mainland bridge before year-end Segun James History was made in Lagos State

yesterday as at exactly 1:31pm Lagos State Governor, Babajide Sanwo-Olu formally stepped into the coach

of the newly completed Lagos Blue Line and took the first trip aboard the electric-powered rail

infrastructure. The governor led his Deputy, Dr. Obafemi Hamzat, Speaker,

Lagos State House of Assembly, Hon. Mudashiru Obasa, members of the state cabinet, journalists and

members of the public on a ride Continued on page 12

Emefiele: British Parliamentarian Seeks Independent Institutions Ahead of 2023 Elections CFSITT, member of Egmont Group, expresses concern over DSS’ attempt to arrest CBN governor Apex bank bows to pressure, reviews cash withdrawal limits upwards Maximum weekly withdrawal limit now N500,000 for individuals, N5 million for corporate entities Reiterates drive for cashless economy, insists policy takes off January 9 Deputy Governor to brief lawmakers today Don’t politicise security, DSS operations, Saraki cautions CNPP, CSOs, NYCN back CBN governor Hail Buhari's stance on ban of cash withdrawal Sunday Aborisade, James Emejo, Udora Orizu, Emameh Gabriel in Abuja and Nume Ekeghe in Lagos The move by the Department of State Services (DSS) against Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, was yesterday raised in the British House of Lords by Daniel, Lord Hannan, the Baron of Kingsclere. Hannan stressed the need for adherence to the rule of law and independence of the central bank as Nigeria moves towards crucial elections next year. DSS had recently sought to implicate Emefiele in a terrorism financing scheme, in what was widely dismissed as trumped up on purpose to oust the head of the all-important institution following the bank’s latest monetary policies. But Hannan said Nigeria must ensure independence of its critical Continued on page 12

STANDING FOR ATIKU/OKOWA... R-L: Members of Rivers State Presidential Campaign Council: Hon. Tonye Saturday, Hon. Samuel Okpoko, Hon Randolph Brown, Chief, Mrs Nice Alamieyesiegha, Hon. Tamunosisi Gogo Jaja, Engr Tele Ikuru, Sir Celestine Omehia, Dr Abiye Sekibo, Prince Uche Secondus, Sen Lee Maeba, Sen. George Sekibo, Rt Hon. Austin Opara, Hon. Chinyere Igwe, Hon Prince Nnam-Obi, Barr. Eddy Mark, Hon. Paul L Paul and Hon. Leonard Tamunoigbeinbia, after a strategic meeting at the Port Harcourt residence of its chairman, Maeba... recently

Buhari: I'm Ready to Campaign for Tinubu, Others... Page 12


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