Connect with us

News

Senate passes Petroleum Industry Bill

Published

on

SENATE-PRESIDENT
Senate President, Ahmad Lawan
Share

The Senate recorded a historic feat on Thursday with the passage of the complete version of the Petroleum Industry Bill (PIB) which defied passage in previous assemblies over the last twenty years.

The bill was passed after a clause-by-clause consideration of a report by the Joint Committee on Downstream Petroleum Sector; Petroleum Resources (Upstream); and Gas on the PIB.

The Chairman of the Joint Committee, Sabo Muhammed Nakudu, delivered a presentation on the Committee’s report moments before the upper chamber held a closed session to receive briefing by the Petroleum Minister, Timipre Sylva, and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari.

The closed session which started at 11:10am ended at 12:40pm.

In his presentation, the lawmaker said that the Petroleum Industry Bill consists of five distinct chapters which include Governance and Institutions; Administration; Host Communities Development; Petroleum Industry Fiscal Framework; and Miscellaneous Provisions comprising 319 clauses and 8 schedules.

According to him, the bill’s passage and eventual assent into law would strengthen accountability and transparency of NNPC limited as a full-fledged company under statutory/regulatory oversight with better returns to its shareholders – the Nigerian people.

He added that the Joint Committee’s recommendation on Frontier Basins recognized the need for Nigeria to explore and develop the country’s frontier basins to take advantage of the foreseeable threats to the funding of fossil fuel projects across the world due to speedy shift to alternative energy sources.

During a clause-by-clause consideration of the bill, the upper chamber approved the funding mechanism of thirty percent of NNPC limited’s oil and gas profit in the production sharing, profit sharing, and risk service contracts to fund exploration of frontier basins.

It also approved Clause 4 of the bill which seeks the establishment of the Nigerian Upstream Regulatory Commission to provide technical regulatory functions that would enforce, administer and implement laws, regulations and policies relating to upstream petroleum operations.

The Commission would, among others, ensure compliance with applicable national and international petroleum industry policies, standards and practices for upstream petroleum operations; and establish, monitor, regulate and enforce health, safety and environmental measures and standards relating to upstream petroleum operations.

In addition, the upper chamber while adopting the Committee’s recommendation to retain provisions in Clause 29 of the bill, approved the establishment of the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

Clause 29(3) empowers the Authority to be responsible for the technical and commercial regulation of midstream and downstream petroleum operations in the petroleum industry in Nigeria.

Its function include implementing Government policies for midstream and downstream petroleum operations as directed by the Minister; and to promote, establish and develop a positive environment for international and domestic investment in midstream and downstream petroleum operations.

Others are to ensure strict environmental

implementation of policies, laws and regulations for midstream and downstream petroleum operations; and to develop and enforce a framework on tariff and pricing for natural gas and petroleum products.

The recommendation of the Joint Committee was amended in Clause 52(7d) to ensure that all monies received from gas flaring be channeled for the purpose of environmental remediation and relief of the host communities as against the development of infrastructure in midstream gas operations.

The upper chamber, however, retained the recommendation of the Joint Committee in Clause 53 which empowers the Minister of Petroleum Resources to incorporate the Nigeria National Petroleum Corporation as a limited liability company to be known as NNPC Limited, six months after the commencement of the Act.

Accordingly, the adopted Clause 53 mandates the Minister of Petroleum Resources at the incorporation of NNPC Limited, to consult with the Minister of Finance to determine the number and nominal value of the shares to be allotted, which would form the initial paid-up share capital of NNPC Limited.

Consequently, the Senate approved ownership of all shares in NNPC Limited to be vested in the Government at incorporation and held by the Ministry of Finance Incorporated on behalf of the Government.

The upper chamber, however, reviewed downward the Joint Committee’s recommendation that 5 percent be paid as contribution to the host community development fund.

Senators in the majority voted for 3 percent contribution to the host communities, following an amendment to Clause 240(2) by Senator Ahmad Babba Kaita (APC, Katsina North), which was seconded by Ibrahim Gobir (APC, Sokoto East).

The approval of 3 percent for host communities represents an upward review of 0.5 percent from the previous 2.5 percent contribution to the host community development fund.

Efforts by the Deputy Senate President, Ovie Omo-Agege (APC, Delta Central), Senators James Manager (PDP, Delta South), George Thompson Sekibo (PDP, Rivers East), and Albert Bassey Akpan (PDP, (PDP, Akwa-Ibom North East) to demand an upward review met a brick wall from lawmakers.

Sekibo, in a move to sustain his agitation for an increase in contributions to host communities, relied on Order 73 of the Senate Rule and called for a division.

The Senate Leader, Yahaya Abdullahi (APC, Kebbi North), however, prevailed on Sekibo to withdraw his call for division, and reminded him of the commitment of Senators of the Ninth Assembly in fostering unity while keeping in mind their obligation at all times to protect the national interest.

The Senate Leader’s plea was accompanied by a subtle  reaction from the Senate President, Ahmad Lawan, who reminded Sekibo of the overwhelming support demonstrated by lawmakers who had earlier approved that host communities receive remediation and relief from monies accruing from gas flaring in the PIB.

Sekibo at this point withdrew his earlier call for division.

The Senate President, Ahmad Lawan, in his remarks after the eventual passage of the PIB, congratulated the Ninth Assembly and Joint Committee on Downstream Petroleum Sector; Petroleum Resources (Upstream); and Gas for the “tremendous and historical achievement of passing the long awaited Petroleum Industry Bill.”

According to him, the passage of the PIB was an indication that the “demon” behind its non-passage in the past had been finally defeated.

He added, “I must commend the leadership of the House of Representatives, too, for providing leadership to ensure that our Joint Committees in the Senate and the House work together to produce the report that we have just passed.

“Let me say that the Ninth Senate and, indeed, the Ninth National Assembly has achieved one of its fundamental items on the legislative agenda.

“We promised Nigerians that we will do our best to pass the PIB that has defied passage or defied assent. At least, the demons are being defeated in this chamber.”

Lawan appealed to President Muhammadu Buhari to give expeditious assent to the bill when it is eventually forwarded to him by the National Assembly.

The Senate, thereafter, adjourned plenary till next week Tuesday, the 6th of July, 2021.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Seun Kuti Thanks Family, Friends, Lawyers After Freedom

Published

on

Seun Kuti
Share

Afrobeat musician, Seun Kuti, has expressed gratitude to his family members, friends and legal advisers for their support towards his release from police custody.

Recall that the Afrobeat singer, was yesterday (Tuesday), released on bail from Police custody, seven days after he reported himself at the State Criminal Investigation Department, SCID, Panti, Yaba, Lagos, over the assault allegation against him.

Before his release, last night, his lawyers, Mr. Adeyinka Olumide-Fusika, and Mr. Kunle Adegoke, had hinted that he would be released, yesterday (Tuesday), having met all the conditions for his bail.

However, after his freedom, Seun, via his official Instagram, thanked his family, lawyers and everyone, who showed him love and support during his moments in the police custody.

He stated, “I be orphan o but family deeeey. I want to say a profound thanks to everyone who showed me all this love. All my friends that showed up. Thanks most especially to my beautiful wife, @chefyeidekuti

“Last but not least. The legal team. Uncle Femi Falana (SAN) Uncle Olumide Fisika (SAN) Uncle Kayode Adegoke (SAN) Barrister Ogunlana. Ade Ademiluyi. And everyone on the team. I owe you my freedom and my sanity. Let’s go,” he added.

Some of Kuti’s friends and supporters were seen jubilating outside the Police station, immediately after he was released.

A viral video showed his supporters taking turns to embrace him when he stepped outside the police station.

Lawyers, supporters protest Seun’s detention

Meanwhile, human rights lawyers and activists, yesterday, kicked against the maltreatment of Afro-beat musician by the Police.

Their reactions came as Kuti’s court hearing over the assault charges, filed against him by the Police before a Chief Magistrate’s Court, in Yaba, Lagos, was stalled, yesterday, due to the absence of the presiding Magistrate, Adeola Olatubosun.

Seun Kuti, son of late Afrobeat legend, Fela Kuti, was in a court ordered detention at the State Criminal Investigation Department, SCID, Panti, Yaba, Lagos, following his arraignment for allegedly assaulting a Police officer.

The court had, on May 15, 2023, after his arraignment, ordered that Kuti should be detained for 48 hours and should be released on bail thereafter.

Upon an application by the Police, the court, last Thursday, extended Kuti’s detention at the SCID by four days to allow the Police conclude their investigation.

However, when Kuti was taken to court, yesterday, the court did not sit, as the magistrate was reportedly on a training.

The court registrar later informed parties that the matter had been adjourned to today.

Outside the court premises, Kuti’s supporters, in their large numbers, protested against his continued detention by the Police.

They held posters and banners with inscriptions such as ‘End police brutality’, ‘Free Sun Kuti’, among others.

One of the protesters, an activist and National Secretary of Youths Rise Movement, YRM, Francis Mwaba, demanded the unconditional release of the musician “between now and tomorrow.”

He said: “Seun must be released unconditionally between now and tomorrow, or we are going to go back to the street.”

Another activist and member of the Movement of the People, MOP, Kunle Ajayi, accused the police of collaborating with the magistrate to frustrate the trial.

“There have been a lot of collaborations to stop us. Nobody can stop us, because when we rise, we rise. We are watching with our two eyes open in a very painstaking manner,” he said.

In a statement made available to Vanguard, Kuti’s lawyers had expressed optimism that their client will be released yesterday, stating that they have fulfilled all the conditions set for his administrative bail.

The statement reads: “The Court, as you will recall, had ordered that the prosecution of the case must be by the DPP’s office and not by the Police, hence the Police was also ordered to send the case file to the DPP for evaluation and decision as to prosecution.

“The court was therefore to sit today to receive the DPP’s advice, but did not because, as we’re informed, the Magistrate is attending a training course. However, the Advice of the DPP is not ready as the police investigation team is still holding on to the case file.

“Nevertheless, the release of Mr. Kuti on bail, as ordered by the Magistrate, is only waiting for administrative approval. That process has nothing to do with whether or not the court has a physical sitting. We are hopeful that Mr. Kuti will be out today on the bail granted him, having fulfilled the terms.”

Meanwhile, some human rights lawyers yesterday kicked against the inhumane treatment which the Police has subjected Kuti’s to including obtaining an order to conduct a mental test on him.

Continue Reading

News

10th Senate: Count Me Out Of Senate Presidency Race – Lawan

Published

on

Senate President Ahmad Lawan
Senate President Ahmad Lawan
Share

The President of the Senate, Senator Ahmad Lawan has denied reports that he aspiring for the position of the Senate in the yet-to-be-inaugurated 10th National Assembly, saying he is not running for the position he is presently occupying.

In a statement, he personally signed yesterday in Abuja. Lawan urged Nigerians to discountenance such reports, said that he has never told anyone or held a meeting with people to intimate them of such an ambition.

The President of the Senate’s statement read, “I have read some media reports that I have joined the race for the Presidency of the 10th Senate. Ordinarily, I would not have responded to these reports but when lies are not refuted, they have the tendency to create an illusion of truth.

“The truth is that I have never told anyone or held a meeting with anyone that I am running for the Presidency of the 10th Senate. So the public should discountenance the reports.

“The fact remains that I am part of the leadership of our great party, the APC, seeking to find solutions to the numerous issues arising from the contests for the leadership of the 10th National Assembly and I will continue to remain focused on that.”

Continue Reading

News

Gov AbdulRazaq emerges new Chairman of Nigeria Governors Forum Governor AbdulRazaq AbdulRahman of Kwara state has emerged as the new Chairman of Nigeria Governors Forum. This is contained in a press statement issued by his Chief Press Secretary, Rafiu Ajakaye Wednesday morning to journalists in Ilorin. According to the statement,the exalted office was bestowed on him by his colleagues. The governor among others pledged to uphold the ideals and vision of the NGF as a most credible, authoritative, influential and effective inter-party platform for consensus building and peaceful resolution and advancement of pan-Nigeria goals, interests and aspirations The statement reads,”I want to thank Allah, exalted is He, for the historic event in which my brother Governors bestowed upon me the Chairmanship of the Nigeria Governors’ Forum (NGF). It added that,”The significance and the huge responsibilities of this office are not lost on me. “I hereby pledge to uphold the ideals and vision of the NGF whilst recognising and appreciating the eminent track record of the institution as a most credible, authoritative, influential and effective inter-party platform for consensus building and peaceful resolution and advancement of pan-Nigeria goals, interests and aspirations. “l will ensure regular consultation with all members in order to arrive at consensus on all issues for the advancement and promotion of national interest, peace, progress, and stability of the nation.” “As a body, we will also continue our tradition of maintaining a close and cordial relationship with His Excellency the President, the National Assembly, all Federal and State institutions, the business community, the civil society, media, and development partners. “Finally, l wish to thank my dear colleagues for the confidence reposed in me as the new Chairman of NGF.”the statement ends

Published

on

Kwara State Governor AbdulRazaq AbdulRahman
Share

 

Governor AbdulRazaq AbdulRahman of Kwara state has emerged as the new Chairman of Nigeria Governors Forum.

This is contained in a press statement issued by his Chief Press Secretary, Rafiu Ajakaye Wednesday morning to journalists in Ilorin.

According to the statement,the exalted office was bestowed on him by his colleagues.

The governor among others pledged to uphold the ideals and vision of the NGF
as a most credible, authoritative, influential and effective inter-party platform for consensus building and peaceful resolution and advancement of pan-Nigeria goals, interests and aspirations

The statement reads,”I want to thank Allah, exalted is He, for the historic event in which my brother Governors bestowed upon me the Chairmanship of the Nigeria Governors’ Forum (NGF).

It added that,”The significance and the huge responsibilities of this office are not lost on me.

“I hereby pledge to uphold the ideals and vision of the NGF whilst recognising and appreciating the eminent track record of the institution as a most credible, authoritative, influential and effective inter-party platform for consensus building and peaceful resolution and advancement of pan-Nigeria goals, interests and aspirations.

“l will ensure regular consultation with all members in order to arrive at consensus on all issues for the advancement and promotion of national interest, peace, progress, and stability of the nation.”

“As a body, we will also continue our tradition of maintaining a close and cordial relationship with His Excellency the President, the National Assembly, all Federal and State institutions, the business community, the civil society, media, and development partners.

“Finally, l wish to thank my dear colleagues for the confidence reposed in me as the new Chairman of NGF.”the statement ends

Continue Reading

Latest News

Kingdom Blast1 day ago

Tinubu’s inauguration: We’re in charge here – Enenche dares witches, wizards coming to FCT

ShareThe Senior Pastor of Dunamis International Gospel Center, Dr Paul Enenche has issued stern warning to witches and wizards coming...

News5 days ago

Seun Kuti Thanks Family, Friends, Lawyers After Freedom

ShareAfrobeat musician, Seun Kuti, has expressed gratitude to his family members, friends and legal advisers for their support towards his...

Senate President Ahmad Lawan Senate President Ahmad Lawan
News5 days ago

10th Senate: Count Me Out Of Senate Presidency Race – Lawan

Share The President of the Senate, Senator Ahmad Lawan has denied reports that he aspiring for the position of the...

News5 days ago

Gov AbdulRazaq emerges new Chairman of Nigeria Governors Forum Governor AbdulRazaq AbdulRahman of Kwara state has emerged as the new Chairman of Nigeria Governors Forum. This is contained in a press statement issued by his Chief Press Secretary, Rafiu Ajakaye Wednesday morning to journalists in Ilorin. According to the statement,the exalted office was bestowed on him by his colleagues. The governor among others pledged to uphold the ideals and vision of the NGF as a most credible, authoritative, influential and effective inter-party platform for consensus building and peaceful resolution and advancement of pan-Nigeria goals, interests and aspirations The statement reads,”I want to thank Allah, exalted is He, for the historic event in which my brother Governors bestowed upon me the Chairmanship of the Nigeria Governors’ Forum (NGF). It added that,”The significance and the huge responsibilities of this office are not lost on me. “I hereby pledge to uphold the ideals and vision of the NGF whilst recognising and appreciating the eminent track record of the institution as a most credible, authoritative, influential and effective inter-party platform for consensus building and peaceful resolution and advancement of pan-Nigeria goals, interests and aspirations. “l will ensure regular consultation with all members in order to arrive at consensus on all issues for the advancement and promotion of national interest, peace, progress, and stability of the nation.” “As a body, we will also continue our tradition of maintaining a close and cordial relationship with His Excellency the President, the National Assembly, all Federal and State institutions, the business community, the civil society, media, and development partners. “Finally, l wish to thank my dear colleagues for the confidence reposed in me as the new Chairman of NGF.”the statement ends

Share  Governor AbdulRazaq AbdulRahman of Kwara state has emerged as the new Chairman of Nigeria Governors Forum. This is contained...

Abike-Dabiri-Erewa Abike-Dabiri-Erewa
News5 days ago

Senate Confirms Dabiri-Erewa’s Reappointment As NIDCOM Boss

Share  The Senate has confirmed the nomination of Mrs Abike Dabiri-Erewa for reappointment as the Chairman and CEO of Nigerians...