Library / Extraordinary Federal Republic of Nigeria Official Gazette No. 38
Extraordinary Federal Republic of Nigeria Official Gazette No. 38

Page 6 of 10
(c) where required, make presentations to the Authority on its technical 
and financial capability to operate such facility ; 
(d/) provide any other information as may be directed by the Authority ; and 
(e) pay fees as prescribed under the Schedule to these Regulations. 
(3) The Authority shall conduct due diligence on the proposed transferee 
in accordance with guidelines issued by the Authority. 
7.—(1) The Authority shall inform an applicant in writing of its consent 
to approve or refusal of the application within 90 days from the date the 
application was received by the Authority. 
(2) Where the Authority refuses the grant of consent, it shall inform the 
applicant in writing the reason for the refusal, and the applicant may make 
further representations for the application within 21 days of such refusal being 
communicated. 
(3) Where the Authority fails to communicate its decision within 90 
days, the application shall be deemed to be approved. 
d 
8. A holder of 
a licence or permit shall not assign or transfer the licence 
or permit, or any right or obligation arising from the licence or permit to any 
person without the prior written consent of the Authority. 
9. The fees in the Schedule to these Regulations shall be applicable to 
the assignment and transfer of licenses and permits 
in midstream and 
downstream petroleum operations in Nigeria. 
10. The Authority may issue guidelines, directives, and notices for the 
effective implementation of these Regulations. 
11.—(1) 
A person contravenes the provisions of these Regulations 
where the person — 
(a) fails to comply with any provisions of these Regulations or any 
directives given or condition of any permit or licence issued under these 
Regulations ; or 
; 
(b) 
makes a false declaration to the Authority or willfully furnishes 
information so required which is in any respect false or insufficient. 
B 
51 
Grant of 
consent to 
assign or 
transfer. 
Prohibition 
of 
assignment 
or transfer of 
licence or 
permit 
without the 
consent of 
the 
Authority. 
Fees. 
Authority 
to make 
Guidelines 
ete: 
Contraventions 
and 
administrative 
penalties..