Chevron Nigeria Limited has been instructed by the Federal Government to settle disputes between the oil firm and communities in its Warri exploration and production region in Delta State about the makeup and designation of the Host Communities Trust Fund.
It also emphasized that it was determined to act morally at this time and asked all sides of the dispute to maintain calm until the matter was settled.
In the state’s Warri South Local Government Area, there is a disagreement between Chevron and the towns of Ugbororo, Ugbegugun, and Dembele about the name of the host community trust fund and the composition of its board of trustees.
Alleging that Chevron had violated the Petroleum Industry Act (2021), protestors from the three towns reportedly congregated at the Escravos Terminal area.
In a statement released on Wednesday, the Nigerian Upstream Petroleum Regulatory Commission said that its chief executive, Gbenga Komolafe, encouraged the oil corporation to resolve the disagreement within two weeks following a meeting with the disputing parties at the NUPRC’s Abuja headquarters.
“After listening to the parties’ submissions, Komolafe issued a regulatory position and directed Chevron on the resolution of the matter, which must be implemented within two weeks,” the statement said in part. He underlined that all parties involved must abide by the law, which was quite clear on the contentious issue.