Library / Midstream Petroleum (Host Communities Development Trust) Regulations 2024
Midstream Petroleum (Host Communities Development Trust) Regulations 2024

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(5)  A mediation, whether referred to the Authority or otherwise, shall be
initiated by a party serving a mediation notice in writing to the other party to
the dispute, referring the dispute to mediation.
(6)  A copy of the mediation notice, whether the mediation has been
referred to the Authority or otherwise, shall be sent to the Authority.
(7)  The resolution of a dispute referred to the Authority shall be
undertaken by the Midstream and Downstream Petroleum Alternative Dispute
Resolution Centre (Centre) in the following manner —
(a)  the Centre Coordinator shall appoint a mediator to resolve the dispute
in accordance with the rules of the Centre;
(b)  the mediation shall commence not later than 30 days after the service
of mediation notice; and
(c)  unless otherwise agreed by the parties, the mediation shall be
concluded within 60 days of the issuance of the mediation notice.
(8)  A mediation under these Regulations shall be held in Nigeria at a
venue agreed by the parties, failing which, it shall be held in the state capital of
the host community.
(9)  Any settlement reached between the disputing parties pursuant to
the mediation, whether by themselves or through the Authority, and duly signed
by disputing parties or their representatives is final and binding on the parties.
(10)  Where the Authority is unable to resolve the dispute within 60 days
of the dispute being referred to it, the disputing parties may refer the dispute
to an Arbitrator under the Arbitration and Mediation Act, No. 74 of  2023.
(11)  Final resolution of the dispute by the Authority shall not increase
the budget of the trust unless the dispute relates to inaccurate calculation of
the budget.
41.—(1)
Prior to the incorporation of a  trust pursuant to section 235(1)
of the Act, the licensee shall make arrangements for the effective transfer of
existing host community development projects and schemes to the Trust , and
upon the establishment of the trust and Fund —
(a)  select and transfer all the communities under any of its existing
memorandums of understanding or any other agreement, community
development programmes and corporate social responsibility schemes as
host communities’ beneficiaries under the applicable trust to be established
pursuant to the Act;
(b)  transfer any money accrued in any account as its annual payment
obligation under such arrangements to the host community Fund;
Transfer of
existing
Host
Communities
Development
projects and
schemes