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PETROLEUM INDUSTRY ACT, NO. 6, 2021 
MIDSTREAM AND DOWNSTREAM PETROLEUM DISPOSAL OF CONFISCATED MATERIALS AND EQUIPMENT 
REGULATIONS, 2023 
[ 
] Commencement 
In the exercise of the powers conferred on it by sections 29(2), 33, and 125(4) 
of the Petroleum Industry Act, No. 6, 2021 (“Act”) and all other powers 
enabling it in that behalf, the Nigerian Midstream and Downstream 
Petroleum Regulatory Authority (“Authority”), makes these Regulations — 
1. The objectives of these Regulations are to — 
(a) provide common, simplified, and documented processes for the 
disposal of confiscated materials and equipment in the Nigerian 
midstream and downstream petroleum industry; 
 
(b) outline the procedure for the disposal of confiscated materials 
and equipment in the Nigerian midstream and downstream 
petroleum industry; and 
 
(c) encourage transparency and accountability in the use of 
financial resources generated from the disposal of public 
properties. 
Objectives 
2. These Regulations shall apply to activities relating to or connected 
with the disposal of confiscated materials and equipment in the 
Nigerian midstream and downstream industry. 
Application 
3. (1) As provided under the Act, the Authority shall have powers to 
confiscate and dispose of materials and equipment used by 
persons engaging in specified activities under the Act without a 
valid licence or permit. 
 
(2) The Authority shall dispose of confiscated materials and 
equipment not later than 12 calendar months from the date of 
confiscation. 
General Powers of 
the Authority 
4. (1) From the commencement of these Regulations, the Authority 
shall put in place a control system to ensure adequate safeguards 
to prevent loss, damage, or theft of confiscated materials and 
equipment. 
 
(2) The requirement for storage of confiscated materials and 
equipment shall include: 
(a) 
periodic inventory; and 
(b) 
reporting of discrepancies, loss or theft. 
Storage & 
Safekeeping of 
Confiscated 
Property