Section 24 Petroleum Industry Act 2021 Section 24 Petroleum Industry Act 2021 is about Fund of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. (1) The Commission shall maintain a Fund (in this Act referred to as ”the Commission Fund”) into which money accruing to…

Section 23 Petroleum Industry Act 2021 Section 23 Petroleum Industry Act 2021 is about Secretary to the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. (1) The Board of the Commission shall appoint a Secretary, who shall –(a) be the Legal Adviser to the Commission :(b)…

Section 22 Petroleum Industry Act 2021 Section 22 Petroleum Industry Act 2021 is about Statement of estimated income and expenditure of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. (1) The Commission shall, not later than 30th of September of each year or such other…

Section 21 Petroleum Industry Act 2021 Section 21 Petroleum Industry Act 2021 is about Remuneration and allowances of employees of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. The Board of the Commission, in consultation with the National Salaries, Incomes and Wages Commission, shall determine…

Section 20 Petroleum Industry Act 2021 Section 20 Petroleum Industry Act 2021 is about Terms and conditions of service in the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. (1) The employees of the Commission shall be subject to terms and conditions of service set out…

Section 19 Petroleum Industry Act 2021 Section 19 Petroleum Industry Act 2021 is about Employees of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. The Board of the Commission shall determine the number or persons that shall be employees of the Commission.

Section 18 Petroleum Industry Act 2021 Section 18 Petroleum Industry Act 2021 is about Commission Chief Executive and Executive Commissioners. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. (1) The Commission Chief Executive is the accounting officer and shall be responsible for the administration of the Commission.…

Section 17 Petroleum Industry Act 2021 Section 17 Petroleum Industry Act 2021 is about Filling of vacancy on the Board of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. A vacancy on the Board of the Commission shall be filled by the appointment of another…

Section 16 Petroleum Industry Act 2021 Section 16 Petroleum Industry Act 2021 is about Vacancy on the Board of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. A vacancy on the Board of the Commission shall occur, where a commissioner- (a) dies;(b) is removed from…

Section 15 Petroleum Industry Act 2021 Section 15 Petroleum Industry Act 2021 is about Resignation of a Non-Executive Commissioner. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. A non-executive commissioner may resign his appointment by giving two-month’s written notice to the President.