Library / IN THE FEDERAL HIGH COURT OF NIGERIA [N THE ABUJA JUDICIAL DIVISION HOLDEN AT ABUJA ON MONDAY, THE 5™ DAY OF FEBRUARY, 2024

IN THE FEDERAL HIGH COURT OF NIGERIA [N THE ABUJA JUDICIAL DIVISION HOLDEN AT ABUJA ON MONDAY, THE 5™ DAY OF FEBRUARY, 2024

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S.52(1) 
There 
is established 
the Midstream 
and Downstream 
Gas 
Infrastructure Fund subject to appropriation by the National 
Assembly, which shall be- 
(a) 
| a 
body 
corporate 
with 
perpetual 
succession 
and 
a 
* 
=. 
| common seal and 
(b) | reside in the Authority as prescribed in accordance with 
this Act. 
(7) 
The} 
source 
of 
the 
Midstream 
and 
Downstream 
Gas 
Infrastructure Fund shall be- 
st 
(a)} 0.5% of the wholesale price of petroleum products and 
! 
| natural gas sold in Nigeria which shall be collected from 
' wholesale customers and such levy shall be in addition to 
. the levy provided for under section 47 (2) (c); 
(9) 
The levy under section 52 (7) (a) of this Act shall become due 
within 21 days of the sale of petroleum products and natural 
gas sold in Nigeria, and the Authority shall, after consultation 
with the Council, make regulations for- 
(a) 
administration procedures; and 
(b) 
penalties for- 
(i) 
late payment of the levy, 
(ii) 
non-payment of the levy, or 
(iil) 
submission of false information in respect of the levy, 
S. 174 (1) 
The Authority may 
in consultation with licensees and other 
stakeholders 
with 
respect 
to 
midstream 
petroleum | liquids 
operations, develop 
a network code governing the terms of 
SUIT NO; FHC/ABI/CS/1480/2023 
. 
y 
JUDGEMENT IN JAS (NIGERIA) 
LTD. & ANOR. 
v, THE NIG. MIDSTREAM & DOWNSTREAM PETROLEUM REGULATORY AUTH am \