The Nigerian Content Development and Monitoring Board (NCDMB) has warned that it would sanction oil industry operators that award contracts without approved Nigerian Content Compliance Certificates (NCCC).
The NCCC, issued by the Board, is a pre-requisite and condition precedent for the execution of projects, contracts, subcontracts and purchase orders estimated by the operator to be in excess of $1 million.
The Executive Secretary, NCDMB Engr. Simbi Kesiye Wabote who handed the warning when he visited some international oil companies (IOCs) in Lagos recently also sought collaboration and firm commitment to support their upcoming projects.
A statement from the Board said the companies he visited included Chevron, Total Upstream and Shell in company with top management of the Board .
Wabote confirmed that the NCDMB had adopted mechanisms that would accelerate processing time for Nigerian content plans, technical and commercial evaluation and issuance of Nigerian content certificates.
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