Podcast
Questions and Answers
What function is responsible for ensuring consistent user profiles and automation of the Delegation of Authority (DFA)?
What function is responsible for ensuring consistent user profiles and automation of the Delegation of Authority (DFA)?
Which group ensures consistent adherence to the segregation of duties principle and risk mitigation?
Which group ensures consistent adherence to the segregation of duties principle and risk mitigation?
Who is responsible for ensuring value-added procurement, whole life cycle cost consideration, and publication of quarterly spending reports?
Who is responsible for ensuring value-added procurement, whole life cycle cost consideration, and publication of quarterly spending reports?
Which entity outlines authorities for operating and capital expenditures, contract variation limits, and sub-delegation rules?
Which entity outlines authorities for operating and capital expenditures, contract variation limits, and sub-delegation rules?
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What is responsible for maintaining custody of the DFA and ensuring payment order preparation and suspension if necessary?
What is responsible for maintaining custody of the DFA and ensuring payment order preparation and suspension if necessary?
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Who must act according to NNPC Limited's governance environment, seek interpretation from higher levels in case of doubt, and comply with regulatory provisions?
Who must act according to NNPC Limited's governance environment, seek interpretation from higher levels in case of doubt, and comply with regulatory provisions?
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What prevails in case of inconsistency between the DFA and other policies unless it leads to non-compliance with regulatory provisions or the NNPC Limited Code of Conduct and Business Ethics Policy?
What prevails in case of inconsistency between the DFA and other policies unless it leads to non-compliance with regulatory provisions or the NNPC Limited Code of Conduct and Business Ethics Policy?
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Who ensures strict enforcement of the NNPC Code of Ethics and Business Conduct, authority derivation, and consideration of organizational and legal structure changes?
Who ensures strict enforcement of the NNPC Code of Ethics and Business Conduct, authority derivation, and consideration of organizational and legal structure changes?
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Who includes DFA review in audit programs?
Who includes DFA review in audit programs?
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Who are expected to act in accordance with their defined roles and responsibilities according to NNPC Limited and its subsidiaries?
Who are expected to act in accordance with their defined roles and responsibilities according to NNPC Limited and its subsidiaries?
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What is the main objective of Delegated Financial Authorities within NNPC Limited?
What is the main objective of Delegated Financial Authorities within NNPC Limited?
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Which act is mentioned as a relevant regulation for the delegated financial authorities?
Which act is mentioned as a relevant regulation for the delegated financial authorities?
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What is the purpose of the scope of Delegated Financial Authorities?
What is the purpose of the scope of Delegated Financial Authorities?
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What document should be applied in conjunction with the Delegated Financial Authorities to ensure total compliance?
What document should be applied in conjunction with the Delegated Financial Authorities to ensure total compliance?
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Which act is not mentioned as a relevant regulation for the delegated financial authorities?
Which act is not mentioned as a relevant regulation for the delegated financial authorities?
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What is one of the objectives of the Delegated Financial Authorities?
What is one of the objectives of the Delegated Financial Authorities?
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What is intended to be consistent with the delegated financial authorities?
What is intended to be consistent with the delegated financial authorities?
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What is the scope of Delegated Financial Authorities intended to be consistent with?
What is the scope of Delegated Financial Authorities intended to be consistent with?
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In addition to relevant regulations, what else should the Delegated Financial Authorities be consistent with?
In addition to relevant regulations, what else should the Delegated Financial Authorities be consistent with?
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What does the Objective of Delegated Financial Authorities aim to promote within NNPC Limited and its subsidiaries?
What does the Objective of Delegated Financial Authorities aim to promote within NNPC Limited and its subsidiaries?
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What is the purpose of the Delegated Financial Authorities (DFA) within NNPC Limited and its subsidiaries?
What is the purpose of the Delegated Financial Authorities (DFA) within NNPC Limited and its subsidiaries?
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What is responsible for maintaining custody of the DFA and ensuring payment order preparation and suspension if necessary?
What is responsible for maintaining custody of the DFA and ensuring payment order preparation and suspension if necessary?
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Which entity ensures consistent adherence to the segregation of duties principle and risk mitigation?
Which entity ensures consistent adherence to the segregation of duties principle and risk mitigation?
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What does the annual budget approval process involve?
What does the annual budget approval process involve?
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Who must escalate decisions not covered by the DFA to the CEO for action and report to the Board?
Who must escalate decisions not covered by the DFA to the CEO for action and report to the Board?
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What are required for Level 4 committees and new Subsidiary Level 2 and 3 committees?
What are required for Level 4 committees and new Subsidiary Level 2 and 3 committees?
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What is one of the key requirements for the procurement plan under the Delegation of Authority Framework?
What is one of the key requirements for the procurement plan under the Delegation of Authority Framework?
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What is the responsibility of the Budget Department/Planning under the Delegation of Authority Framework?
What is the responsibility of the Budget Department/Planning under the Delegation of Authority Framework?
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What is a requirement for payment under the F&A section of the Delegation of Authority Framework?
What is a requirement for payment under the F&A section of the Delegation of Authority Framework?
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When should the procurement plan be submitted according to the Delegation of Authority Framework?
When should the procurement plan be submitted according to the Delegation of Authority Framework?
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What does the Budget Department/Planning ensure in relation to expenditure against contracts?
What does the Budget Department/Planning ensure in relation to expenditure against contracts?
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What is the role of the CFO or his nominee in relation to procurement budgeting?
What is the role of the CFO or his nominee in relation to procurement budgeting?
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What is a key requirement for payment under the F&A section of the Delegation of Authority Framework?
What is a key requirement for payment under the F&A section of the Delegation of Authority Framework?
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When is single sourcing allowed in the NNPC Limited Delegation of Authority Framework?
When is single sourcing allowed in the NNPC Limited Delegation of Authority Framework?
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Who must authorize emergency expenditures in NNPC Limited or its subsidiaries?
Who must authorize emergency expenditures in NNPC Limited or its subsidiaries?
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What action is required from the CEOs after emergency expenditure in NNPC Limited or its subsidiaries?
What action is required from the CEOs after emergency expenditure in NNPC Limited or its subsidiaries?
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What happens if a delegate or substitute circumvents controls and violates policies according to NNPC Limited?
What happens if a delegate or substitute circumvents controls and violates policies according to NNPC Limited?
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Which departments are responsible for registering individual signatures of delegates and substitutes in NNPC Limited?
Which departments are responsible for registering individual signatures of delegates and substitutes in NNPC Limited?
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In NNPC Limited, what should IT access rights of staff be in accordance with?
In NNPC Limited, what should IT access rights of staff be in accordance with?
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What happens during temporary transfers of authority to substitutes in NNPC Limited?
What happens during temporary transfers of authority to substitutes in NNPC Limited?
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Who is required to approve borrowing funds under existing credit facilities and issuing guarantees or letters of credit?
Who is required to approve borrowing funds under existing credit facilities and issuing guarantees or letters of credit?
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What is the approval process for real estate purchases and sales, as outlined in the text?
What is the approval process for real estate purchases and sales, as outlined in the text?
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Who must approve foreign business travel for the CEO, MDs, members of SMT, and heads of CSUs?
Who must approve foreign business travel for the CEO, MDs, members of SMT, and heads of CSUs?
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What is required for asset disposals exceeding $10,000 according to the text?
What is required for asset disposals exceeding $10,000 according to the text?
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Who is authorized to execute severance agreements according to the text?
Who is authorized to execute severance agreements according to the text?
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What level of approval is required for foreign business travel not falling within the specified personnel categories?
What level of approval is required for foreign business travel not falling within the specified personnel categories?
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Who approves single sourcing contracts according to the text?
Who approves single sourcing contracts according to the text?
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In the context of NNPC Limited's Delegation of Authority Framework, what is the first step for the activation of Level 4 or new subsidiary Level 2 & 3 tenders committee?
In the context of NNPC Limited's Delegation of Authority Framework, what is the first step for the activation of Level 4 or new subsidiary Level 2 & 3 tenders committee?
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When a subsidiary identifies that it may need more flexibility to purchase cost of goods and generate revenue, what does it seek for?
When a subsidiary identifies that it may need more flexibility to purchase cost of goods and generate revenue, what does it seek for?
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Who is responsible for reviewing the feedback of GRC and budget functions before making a recommendation to the NNPC Limited CEO for significant recurring OPEX in subsidiaries?
Who is responsible for reviewing the feedback of GRC and budget functions before making a recommendation to the NNPC Limited CEO for significant recurring OPEX in subsidiaries?
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In the context of NNPC Limited's Delegation of Authority Framework, who initiates a memo when the delegate is unable to personally initiate it?
In the context of NNPC Limited's Delegation of Authority Framework, who initiates a memo when the delegate is unable to personally initiate it?
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In the context of NNPC Limited's Delegation of Authority Framework, what does the NNPC Limited CEO review before making a recommendation for significant recurring OPEX in subsidiaries?
In the context of NNPC Limited's Delegation of Authority Framework, what does the NNPC Limited CEO review before making a recommendation for significant recurring OPEX in subsidiaries?
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What is required when NNPC Limited or subsidiary division identifies that it can only operate efficiently by having a Level 4 or new subsidiary Level 2 & 3 tenders committee take ownership of some expenditure?
What is required when NNPC Limited or subsidiary division identifies that it can only operate efficiently by having a Level 4 or new subsidiary Level 2 & 3 tenders committee take ownership of some expenditure?
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What does the Level 1 in the case of subsidiary require to do with the business case for Level 4 or new subsidiary Level 2 & 3 tenders committee?
What does the Level 1 in the case of subsidiary require to do with the business case for Level 4 or new subsidiary Level 2 & 3 tenders committee?
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What does the MD require to do with the business case itemising significant recurring OPEX for seeking its unlimited nature in subsidiaries?
What does the MD require to do with the business case itemising significant recurring OPEX for seeking its unlimited nature in subsidiaries?
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What is the main responsibility of the Budget Department/Planning under the Delegation of Authority Framework?
What is the main responsibility of the Budget Department/Planning under the Delegation of Authority Framework?
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Who is responsible for reviewing GRC and budget functions feedback before making a recommendation to the NNPC Limited CEO for significant recurring OPEX in subsidiaries?
Who is responsible for reviewing GRC and budget functions feedback before making a recommendation to the NNPC Limited CEO for significant recurring OPEX in subsidiaries?
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What is intended to be consistent with the Delegated Financial Authorities within NNPC Limited and its subsidiaries?
What is intended to be consistent with the Delegated Financial Authorities within NNPC Limited and its subsidiaries?
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What is one of the functions of NNPC?
What is one of the functions of NNPC?
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What has NNPC outlined plans to establish?
What has NNPC outlined plans to establish?
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What has been a challenge for NNPC in enforcing?
What has been a challenge for NNPC in enforcing?
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What has the Nigerian government been diversifying out from, with the potential help of NNPC's economic reforms?
What has the Nigerian government been diversifying out from, with the potential help of NNPC's economic reforms?
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What is one of the significant challenges for NNPC?
What is one of the significant challenges for NNPC?
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What is NNPC embracing in terms of governance reforms?
What is NNPC embracing in terms of governance reforms?
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What does NNPC aim to establish to address security challenges?
What does NNPC aim to establish to address security challenges?
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What sector does NNPC primarily regulate and operate in?
What sector does NNPC primarily regulate and operate in?
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What is NNPC's role in economic development?
What is NNPC's role in economic development?
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