Board Of Trustees

Board of Trustees

Composition and Functions of the Board of Trustees (BOT)

The Board of Trustees (BOT) consist of the following;

Chairperson to be appointed by the president on the recommendation of the Minister
Minister of State for Environment
Minister of Finance
Minister of State for Petroleum Resources and Chairman of the board of the Nigerian National Petroleum Corporation
Two representatives from Ogoniland
Three participating International/Contributing Oil Companies (Shell, AGIP, and Total)
One representative of other communities in the Niger Delta
One representative of the Non-Governmental Organisations (NGOs) that are active in environmental matters
One representative of the United Nations Environmental Programme (UNEP) as an observer

Composition and Functions of the Board of Trustees (BOT)

The functions of the Board of Trustees are;

Carry out financial oversight that ensures that the use of financial controls and that funds are prudently utilized in accordance with established financial policies related to HYPREP
Liaise with and manage the disbursement of the funds gifts, grants-in-aid from national, bilateral and multinational organisations, agencies and bodies, including Fund Contributors and Participating Entities, for any approved project related to an established Trust Fund.
Release funds to the PCO as approved by the HYPREP Governing Council.
Carry out internal and external financial audit of allowance and disbursed funds
Ensure that funds are timely made available for the implementation of the of activities as may be approved by the HYPREP Governing Council
Execute an escrow agreement with an Escrow Bank approved unanimously by the Board of Trustees
Ensure that the PCO prepares a funding schedule for each Calendar Year at least prior to 30th September of the previous Calendar Year and each Funding Schedule shall set out the estimated cash requirements of HYPREP, for each quarter of the Calendar Year to which it relates, for the project execution based on the annual budget approved by the Governing Council.

Meet Our Board of Trustees (HYPREP)

At HYPREP, our journey towards restoring hope and transforming lives in communities impacted by hydrocarbon pollution is led by a distinguished team of visionaries and experts. Our Board of Trustees brings together a wealth of experience, unwavering commitment, and a shared dedication to our mission. Meet the individuals who shape our strategy, provide guidance, and drive our organization forward as we work towards a cleaner, healthier, and more sustainable future for all. Get to know the heart and soul of HYPREP, our esteemed Board of Trustees.

These dedicated individuals are instrumental in shaping our strategy, providing invaluable insights, and ensuring that HYPREP remains steadfast in its commitment to environmental restoration, community empowerment, and sustainable development.