Library / PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS

PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS

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7. Effect of Non-Compliance 
 
7.1 Any breach of the Applicant’s obligations, including provision of false or 
misleading information, non-cooperation, or recurrence of anti-competitive 
conduct, shall result in: 
(a) Revocation of leniency; 
(b) Reinstatement of full penalties; and 
(c) Additional sanctions under the Petroleum Industry Act, 2021. 
 
 
8. Publication 
 
8.1 The Authority shall publish a non-confidential summary of this Decision, 
indicating that leniency was granted, without disclosing sensitive information 
unless: 
(a) The Applicant consents; or 
(b) Disclosure is required by law. 
 
 
9. Conclusion 
 
The Authority confirms that [Applicant] has satisfied the requirements for 
leniency under the Leniency Policy, and is hereby granted the benefits 
specified in paragraph 4 of this Decision. 
 
 
For and on behalf of the Authority 
 
 
Name: ____________________ 
Title: _____________________ 
Nigerian Midstream and Downstream Petroleum Regulatory Authority 
 
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SCHEDULE 5 
Regulation 109(1)(a)(ii) 
 
 
 
Schedule 5 – SETTLEMENT PROCEDURE GUIDELINE 
 
(Conditions, timelines, disclosure requirements, and procedural safeguards for 
settlements in the midstream and downstream petroleum industry)