Ribadu, at the inauguration of the committee in Abuja by the Minister of Petroleum Resources, Dizeani Allison-Madueke, said: “We shall work diligently to meet the expectations of Nigerians; we seek to renew efforts by promoting values that support a new dawn of business conduct in the sector.
“We shall ensure that those who play by the rules enjoy all the best support and the unscrupulous players get a red card."
He decried the lack of transparency in the petroleum sector, appealing to Nigerians to support the task force in achieving its mandate.
Alison-Madueke said at the inauguration of the 20-member task force: "Our journey to transformation is irreversible, our mission is to transform the petroleum industry and in doing so change the way business is currently done within this sector.
“Our purpose is to enhance the commercial and technical viability of the sector, inculcating full transparency and accountability and thereby ensuring value for money for the people of the Federal Republic of Nigeria."
She said the task force has 60 working days to complete the assignment and submit its report.
The task force is to to work with consultants and experts to determine and verify all petroleum upstream and downstream revenues (taxes, royalties) due and payable to government.
The task force is also expected to submit monthly reports for ministerial review and further action.
Members of the task force include former Head of Service, Mr Steve Oronsanye; Malam Abba Kyari; Ms Benedicta Molokwu; Mr. Supo Sasore; Mr. Tony Idigbe; Mr. Anthony George-Ikoli; Dr. Omolara Akanji and Mr. Olisa Agbakoba.
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