Library / Page 1 of 35 MIDSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT TRUST REGULATIONS, 2024
Page 1 of 35 MIDSTREAM PETROLEUM HOST COMMUNITIES DEVELOPMENT TRUST REGULATIONS, 2024

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Page 28 of 35 
 
(a) 
fails to comply with any of the requirements 
specified in these Regulations; 
(b) 
makes 
false, 
inaccurate, 
incomplete, 
or 
misleading Information in any record or report; 
(c) 
fails to comply with a notice, guideline or 
directive issued by the Authority;  
(d) 
fails to remit funds within the stipulated period 
pursuant to section 253 of the Act;  
(e) 
fails to discharge surviving obligations pursuant 
section 237 of the Act;  
(f) 
fails to provide any information, document or 
report required to be provided to the Authority 
pursuant to the Act or these Regulations within the 
prescribed period, 
shall be liable to an administrative penalty issued by the 
Authority not exceeding NGN 5,000,000.00. In addition, the 
Authority may suspend or revoke the licence or in the case 
of a refinery make a recommendation to the Minister of 
Petroleum Resources, for the revocation of the refinery 
licence. 
 
38 (1) Where in any year, an act of vandalism, sabotage or other 
civil unrest occurs that causes damage to designated facilities or 
disrupts petroleum operations within the host communities, the 
community shall forfeit its entitlement to the extent of the costs of 
repairs of the damage that resulted from the activity with respect to 
the provisions of the Act within that financial year.  
 
(2) The basis for computation of the trust fund in any year shall always 
exclude the cost of repairs of damaged facilities attributable to any 
act of vandalism, sabotage or other civil unrest.  
 
 
(3) Where an act of vandalism, sabotage or civil unrest occurs that 
causes damage to the facilities used in petroleum operations of the 
licensee within the host communities or disrupts petroleum 
operations, the licensee shall notify the Authority within 24 hours of 
the disruptive act.  
 
(4) 
A licensee shall within 15 days of the disruptive act, submit a 
report on the disruptive act to the Authority and the Board of 
Trustees.  
Vandalism