The Board of Trustees (BOT) of the NNPC/Belemaoil Producing Limited, a Joint Venture,(JV) has inaugurated a 15-Member Management Committee for Development of the Kula Community in Rivers.
The BOT Chairman, David Emineye-Orlu, who made the remark in a Statement made available to Journalists on Saturday, said that Kula is hosting the OML-55.
He explained that the Committee comprised five Executive Members, five Non-Executive Members and five Advisory Committee Members.
He said that the Committee Members were strictly Professionals and of proven Track Records, adding that the Inauguration was in fulfilment of Sections 247 and 249 of the 2021 Petroleum Industry Act (PIA).
The Chairman also said that the PIA was expected to tackle the lingering exploitation by Oil Exploration Companies in the Host Communities..
Emineye-Orlu said that the Role of the Management and Advisory Committees were well defined in Sections 248 and 250 of the Petroleum Industry Act (PIA).
According to him, the Law empowered the Management Committee with task of Budget Preparation as well as project management, supervision and execution.
”The Advisory Committee on the other hand is responsible for articulating Community Development Projects and transmitting same to the Management Committee.
”The Advisory Committee is also responsible for Project Execution, Monitoring as well as handling of Security Advice for the Host Community,” Emineye-Orlu said.
According to the Statement, the Inauguration was witnessed by the Kula Council of Chiefs, officials of the JV among others.
