PETROLEUM INDUSTRY ACT, 2021

Section 215: Pow'er to serve notice, issue "cease and desist" order.

2021Section 215 of 320Federal Republic of Nigeria

1 Where, in the opinion of the Authority, any act or activity prohibited under this Chapter has been or is likely to be undertaken by any person, the Authority may -
a serve a notice on the person, specifying the act or activity and its intention to issue a "cease and desist" order;

b direct the person to whom the notice is issued to do or not to do, the specified act or activity; and

c specify the time frame for compliance with the notice.

2 Where the person to whom the notice or directive issued under subsection (1) fails to comply, the Authority may issue a "cease and desist" order.

3 The Authority may levy a fine not exceeding 5% of the annual turnover of the company for the preceding year or revoke the licence of any person who fails to comply with a "cease and desist" order or a directive issued under subsection (1).

Cite this section

Section 215, PETROLEUM INDUSTRY ACT, 2021 (2021).

https://repo.podus.ai/laws/petroleum-industry-act-2021/section/215/