The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it is promoting the use of its alternative dispute resolution centre (ADRC) in order to release billions of dollars in potential investments that are trapped in prolonged litigation.
Gbenga Komolafe, chief executive officer (CEO) of NUPRC, spoke on Wednesday in Lagos, during a Roundtable Consultative and Sensitisation Forum of the NUPRC’s ADRC.
“In a bid to release billions of dollars in potential investments that are trapped in prolonged litigation, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is promoting the use of its Alternative Dispute Resolution Centre (ADRC),” he said.
Komolafe, who was represented by Olayemi Adeboyejo, the commission’s secretary and legal adviser, said ADRC symbolises a bold expression of the NUPRC’s vision to institutionalise dialogue, equity, and inclusivity in Nigeria’s oil and gas industry.
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“The ADRC is more than a mechanism for resolving disputes. It is a strategic tool for promoting peace, stability, and investor confidence across the upstream petroleum value chain,” he said.
“We are determined to make ADRC not a last resort, but the first choice for dispute resolution in Nigeria’s oil and gas sector.”
On November 11, the NUPRC said the 2025 oil block licensing bid round will commence by December 1.
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