‘Some individuals are taking loans’ — Heineken Lokpobiri alleges frontier exploration fund misuse
[NigerianEye - Nigeria] - 11/11/2025
Heineken Lokpobiri, minister of state for petroleum resources, says some individuals are exploiting Nigeria’s frontier exploration fund by borrowing money for different purposes. Speaking on Monday at the 43rd annual international conference and exhibition of the Nigerian Association of Petroleum Explorationists (NAPE), Lokpobiri warned that individuals and agencies responsible for the mismanagement of the fund will be held accountable. Lokpobiri said the frontier exploration fund, established under the Petroleum Industry Act (PIA), was intended to support new oil exploration efforts in (…)
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