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Nigerian National Petroleum Corporation Act 🇳🇬


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Nigerian National Petroleum Corporation Act

  • Published in Official Gazette supplement no. 20 on 28 April 1977
  • Commenced on 1 April 1977
  • [Up to date as at 31 December 2002]
An Act to dissolve the Nigerian National Oil Corporation and to establish the Nigerian National Petroleum Corporation empowered to engage in all commercial activities relating to the petroleum industry and to enforce all regulatory measures relating to the general control of the petroleum sector through its Petroleum Inspectorate department.

Part I – Establishment of the Corporation

1. Establishment of the Nigerian National Petroleum Corporation

(1)There shall be established a corporation by the name of the Nigerian National Petroleum Corporation (in this Act referred to as "the Corporation") which shall be a body corporate with perpetual succession and a common seal and may sue or be sued in its corporate name.
(2)The affairs of the Corporation shall, subject to Part II of this Act, be conducted by a Board of Directors of t…

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