The report on Wednesday had purported that the commission has accepted Shell’s bid to sell its onshore assets to Renaissance in a transaction worth $1.3bn.
“It must be firmly stated that the information contained in the publication did not emanate from the commission,” Shonola declared.
She added that the NUPRC will communicate its position on the transaction to the public at the appropriate time, asking the public to disregard the report.
“As part of the commission’s commitment to transparency and accountability, it will communicate its position on the transaction to the public at the appropriate time.
“Industry stakeholders and the general public are advised to disregard the publication as it is baseless,” the statement concluded.
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