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PIB: Investments, transparency will now flourish in our oil, gas industry – Gbajabiamila

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Gbajabiamila tasks Nigerian journalists on responsible journalism

… As OPEC congratulates Buhari on signing PIB into law***

The Speaker, House of Representatives, Rep. Femi Gbajabiamila, says Nigeria’s oil and gas industry will now receive a breath of fresh air and allow investments and transparency to flourish.

This, he said, was sequel to the coming into being of the Petroleum Industry Act, 2021.

The speaker said this in his reaction on Monday, after President Muhammadu Buhari assented to the Petroleum Industry Bill, which has become an Act of the National Assembly.

Gbajabiamila noted that the coming into being of the law was a victory for Nigerians and a landmark achievement that ended the two-decade-long journey of the PIB.

He said when massive investments come in as a result of the PIA, a lot of Nigerians will gain employment.

He expressed optimism that with the coming on board of the PIA, Nigerians would also benefit from reduced fuel prices as there would be competition among the industry players.

He praised the determination of the 9th Assembly that saw the Act become a success and commended the synergy between the Executive and Legislative Arms of Government that won the victory for Nigerians.

Also read: Buhari signs Petroleum Industry Bill into law

“As I said before, this is a landmark achievement. It has been 20 years in coming.

“This 9th Assembly will be recorded on the right side of history for this big score,” he stated.

Gbajabiamila added that the oil and gas industry could only fare better with the Act, while calling on investors to take full advantage of the opportunities that the new law provided.

The newsmen PIA provides the legal, governance, regulatory and fiscal framework for the country’s oil and gas industry.

It also make provisions for the development of host communities by creating a Host Communities Fund, and further exploration of petroleum resources in the new frontiers.

In the meantime, the Organisation of Petroleum Exporting Countries (OPEC) has congratulated President Muhammadu Buhari for signing into law the Petroleum Industry Bill (PIB).

The Secretary General of OPEC, Dr Mohammed Barkindo, said this in a congratulatory letter released to the newsmen on Monday.

“I wish to extend my congratulations to you on signing into law the Petroleum Industry Bill (PIB), which marks a significant milestone for Nigeria’s oil industry and an historic achievement for your Presidency.

“With the stroke of a pen, you have inaugurated a new era for the industry following years of legislative efforts to strengthen the legal, regulatory, fiscal and governance framework of the petroleum sector.

“Indeed, the new law will enhance the Nigerian petroleum industry’s reputation, open the door to new investment and ultimately strengthen its position to meet the world’s growing demand for energy,” he said.

He added that the enactment of the legislation was timely as the investment outlook had become clouded by efforts aimed at accelerating a lower-carbon future.

According to him, the new law will help harness Nigeria’s potential to achieve its programme of raising oil production to 4 mb/d and oil reserves to 40 billion barrels, while also drawing on the country’s vast natural gas reserves to provide clean and efficient energy.

“In addition, these resources will be vital to supplying world markets with a broad portfolio of energy options, and support global efforts to alleviate energy poverty as outlined in the United Nations’ Sustainable Development Goal 7.

“The passage of the PIB by both houses of the National Assembly on 16 July and your act of signing it into law coincide with another significant milestone in our country’s history – the 50th anniversary of Nigeria’s Membership of OPEC.

“This golden moment provides a unique opportunity to reflect upon Nigeria’s rise as a global energy supplier and partner,” he noted.

The OPEC scribe said since the 24th OPEC Conference on 12 July 1971, when Nigeria was welcomed as the 11th member country of the organisation, it had symbolised Africa’s leadership within OPEC and its pivotal support for global oil market stability.

He said the past year had been a time of enormous challenges for the world, for OPEC and for each member country.

“Yet throughout this difficult period, we have demonstrated the enduring importance of OPEC and its timeless commitment to dialogue, cooperation, multilateralism and respect among all nations.

“I wish to express my sincere gratitude for your instrumental support in establishing the Declaration of Cooperation (DoC) that was agreed on 10 December 2016.

“We could not envision at that time how important this framework would become during the COVID-19-related market crisis.

“It enabled bold, swift and decisive actions to address the historically unprecedented market downfall in 2020, and it has been vital to the ongoing efforts to provide a platform for recovery and future growth,” he added

Barkindo further commended the president for the support of the Charter of Cooperation, signed on 2 July 2019.

He noted that it had paved the way for enhanced cooperation beyond the market-balancing efforts by all countries participating in the DoC.

He said the markets continued to recognise the vital contributions that OPEC and the non-OPEC Participating Countries were making to the market’s recovery, to the global economy as a whole, and to fostering constructive dialogue.

He also acknowledged the contributions of Chief Timipre Sylva, Minister of State for Petroleum Resources, to OPEC and the DoC.

“Sylva’s shuttle diplomacy earlier this year as Special Envoy of the Joint Ministerial Monitoring Committee (JMMC) to Congo, Equatorial Guinea, Gabon and South Sudan contributed to the improvement in conformity levels with the voluntary production adjustments and compensation of overproduced volumes.

“He carried out this important mission with great aplomb and garnered the respect of his fellow Ministers.

“I am confident the law marks the beginning of a new era of growth and prosperity that will be beneficial to the petroleum industry and ultimately to the Nigerian people,” he said.

 

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Edo Assembly Impeaches Deputy Governor, Shauibu

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Edo Assembly Impeaches Deputy Governor, Shauibu

The impeachment followed the adoption of the recommendation of a seven-man judicial panel led by retired Justice Stephen Omonua.

At plenary in Benin, the Majority leader of the house, Charity Aiguobarueghian said the report of the 7-man panel presented to the house found Shauibu culpable of disclosure of government secrets.

Aiguobarueghian further disclosed that though the panel was unable to establish the case of perjury against the deputy governor, it made two findings and one recommendation upon which the decision to impeach the deputy governor was anchored.

According to him, “the seven-man judicial panel of inquiry recommended that the deputy governor be impeached on the ground of disclosure of government secrets.’’

During voting on the motion, 18 out of 19 members present at plenary voted for the impeachment of the deputy governor while one abstained from the headcount and voting process.

The Clerk of the House, Yahaya Omogbai conducted a head count of the lawmakers who voted for and against the impeachment of Shaibu.

The clerk said with the figure, the house stated that it met 2/3 (16 members of the House was needed to carry out the impeachment).

The assembly thereafter upheld and approved the recommendation of the seven-man panel and thereafter impeached the deputy governor.

The speaker, Blessing Agbebaku directed the Clerk of the House, Yahaya Omogbai to forward copies of the impeachment to Gov. Godwin Obaseki for assent.

The Edo House of Assembly on Monday impeached the Deputy Governor, Mr Philip Shaibu.

The impeachment followed the adoption of the recommendation of a seven-man judicial panel led by retired Justice Stephen Omonua.

At plenary in Benin, the Majority leader of the house, Charity Aiguobarueghian said the report of the 7-man panel presented to the house found Shauibu culpable of disclosure of government secrets.

Aiguobarueghian further disclosed that though the panel was unable to establish the case of perjury against the deputy governor, it made two findings and one recommendation upon which the decision to impeach the deputy governor was anchored.

According to him, “the seven-man judicial panel of inquiry recommended that the deputy governor be impeached on ground of disclosure of government secrets.’’

During voting on the motion, 18 out of 19 members present at plenary voted for the impeachment of the deputy governor while one abstained from the headcount and voting process.

The Clerk of the House, Yahaya Omogbai conducted a head count of the lawmakers who voted for and against the impeachment of Shaibu.

The clerk said with the figure, the house stated that it met 2/3 (16 members of the House was needed to carry out the impeachment).

The assembly thereafter upheld and approved the recommendation of the seven-man panel and thereafter impeached the deputy governor.

The speaker, Blessing Agbebaku directed the Clerk of the House, Yahaya Omogbai to forward copies of the impeachment to Gov. Godwin Obaseki for assent.

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Court Remands Emefiele In EFCC Custody As Trial Begins April 11

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Emefiele: CBN disbursed N12.65bn as agriculture intervention since January; N1.09 trillion since 2015

An Ikeja Special Offences Court on Monday remanded the embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, for alleged abuse of office and fraud to the tune of $4.5 billion and N2.8 billion.
It was reported that Justice Rahman Oshodi remanded Emefiele in the Economic and Financial Crimes Commission (EFCC) custody while his co-defendant, Henry  Isioma-Omoile, was remanded in the Ikoyi custodial centre.
Oshodi remanded the defendants pending the determination of their bail applications on April 11.
The judge adjourned the case until April 11 for the determination of bail application and commencement of trial.
Earlier, EFCC arraigned Emefiele on a 23-count charge bordering on abuse of office, accepting gratifications, corrupt demand, receiving property fraudulently obtained and conferring corrupt advantage, while his co-defendant was arraigned on a three-count charge bordering on acceptance of gift by agents.
The defendants, however, pleaded not guilty to the charge.
EFCC counsel, Mr Rotimi Oyedepo (SAN) had asked the court for a trial date following the defendants’ not guilty pleas.
Oyedepo also informed the court that the prosecution would be asking for a closed section for some of its witnesses who were willing to come to court to testify but scared for their lives.

Counsel to the two defendants, Mr Abdulakeem Labi-Lawal, had in their bail applications, urged the court to grant them bail on self-recognizance and liberal terms pending the determination of the case.
Labi-Lawal, in a 35-paragraph affidavit, said that the first defendant (Emefiele) complied with the bail application given to him by Justice Hamza Muazu in his ongoing fraud trial in Abuja.
He added that the charges against the first defendant were bailable.
“Though the first defendant was granted administrative bail by the prosecuting authority, he is seeking bail based on self-recognizance, and he is ready to attend trial.
“The court should also take into consideration the status of the first defendant as he was the former CBN governor of the country,” the counsel said.
The defence counsel further said that Emefiele religiously presented himself before Justice Hamza Muazu in Abuja to answer allegations before him.
According to the counsel, the first defendant was not at flight risk as he was the first person to arrive in court.
He also prayed the court to grant bail to  Emefiele on liberal terms
Labi-Lawal also moved a bail application for the second defendant and urged the court to grant him bail on liberal terms.
Prosecution counsel, Oyedepo, did not oppose the bail applications.
Oyedepo, however, urged the court to exercise its discretion judiciously in granting bail to the defendants.
In one of the charges, EFCC  alleged that Emefiele abused the authority of his office as CBN  governor by allocating foreign exchange in the aggregate sum of $2.2 billion without bids, the act which was prejudiced to the rights of Nigerians.
It also alleged that the ex-CBN governor corruptly accepted an aggregate sum of  $26.5 million from NIPCO Plc through Donatone Ltd.
The commission also accused Emefiele of receiving the sum of $400,000 from Source Computer Ltd. on account of the approval of a “contract” in favour of the said company by CBN.
The anti-graft also alleged that Emefiele used his position as the governor of CBN  to confer corrupt advance on his associate, Limelight Multidimensional Services Ltd. by approving payment of an aggregate sum of N900 million to the company.
Emefiele was also alleged to have used his position as the CBN governor to confer a corrupt advantage on Comec Support Services  Ltd. by approving the sum of N149 million to the company.
EFCC also alleged that the former CBN governor used his position to confer a corrupt advantage on  Andswin Resources and Solutions Ltd. by approving payment of the sum of N398 million to the company.
EFCC also accused Emefiele’s co-defendant (Isioma-Omoile) of giving the sum of $100,000 to the governor as a gift reward for allocation of foreign exchange.
According to the prosecution, the alleged offences violate Sections 8, 10, and 19 of the Corrupt Practices And Other Related Offences Act of 2000, Sections 65, 73, and 328 of the Criminal Laws of Lagos State 2011.

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NAGAFF Vows to Stop Kwankwaso from Taking Over NNPP

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NNPP Accuses INEC Of Taking Sides In Its Internal Crisis

…Votes N150m take off professional fees for lawyers to begin litigation warfare!

Members of the National Association of Government Approved Freight Forwarders (NAGAFF) will vehemently resist the taking over of the New Nigeria Peoples Party (NNPP) by the group noted to be loyal to Senator Rabiu Musa Kwankwaso.

It would be recalled that the NNPP was originally founded by the National Association of Government-Approved Freight Forwarders NAGAFF, largely to provide a credible platform for maritime industry stakeholders to make a national impact within the nation’s political space.

It. would also be recalled that the former Governor of Kano, Senator Kwankwaso latched on the NNPP, after his effort to run as the flag bearer of another political party was dimmed by former Vice President Atiku Abubakar who emerged as the PDP presidential candidate.

NNPP inaugurates 2023 Presidential Campaign Council, Aniebonam remains BoT Chairman

Alhaji Rabiu Musa Kwankwaso

Presently, a statement issued by the NNPP National Publicity Secretary, Dr. Clement Iwegbuna, lamented that what started as a child’s play is becoming a reality with the body language and actions of Senator Kwankwaso to highjack NNPP from the original owners, the members of  NAGAFF.

In a swift move, the president of NAGAFF, leading the pack of resourceful young freight forwarders said the original are poised to match money for money and contact for contact to retrieve NNPP from the people tagged ungrateful.

The statement revealed that the sum of N150,000,000 has been contributed as a take-off professional fee for the lawyers to take on the serial litigations upcoming.

NAGAFF accused Kwankwaso of court abuse with the institution of a court case involving INEC at Kano State High Court. “And so what does it take someone who held the position of minister of defence and member of the national assembly of the Federal Republic of Nigeria to know that it is out of jurisdiction to do so.

NNPP is a national party and INEC is a federal commission. “Let Nigerians be told that there is a new order in Nigeria judiciary at the moment. If Senator Kwankwaso likes let him, Elder Buba Galadima and all of them who are the former members of the National Working Committee led by Alhaji Abbah Kawu who was alleged not to be able to write a statement at the state police command, Abuja when he reported a case against Mr Phillip Oyana the Zonal Secretary North Central of New Nigeria Peoples Party.

“Our young, vibrant and informed lawyers shall meet him and his cohorts in court. Once again we hold no malice against any person. All members of NNPP and NAGAFF are children of God and always ready to show love to all manner of people who may come our way,” the statement further said.

The statement directed and appealed to all members of NAGAFF and NNPP to keep the peace of the society and be law abiding and respectful to the constitution of Nigeria.

“Regret to note that Senator Rabiu Musa Kwankwaso had avoidably prided himself to have brought NNPP to relevance and recognition. Tell the American marine that trash for the fact that Senator Rabiu Musa Kwankwaso forgot to note that NNPP is as old as People’s Democratic Party of Nigeria spanning over 24 years in existence. He joined less than 2yrs ago.

“We consider Senator Kwankwaso as someone who is avoidably arrogant and proud for no good reasons. This is because NNPP provided him the opportunity to contest the Presidency of Nigeria 2023 with great men like the current president of Nigeria, Alhaji Atiku Abubakar (PDP) and Mr. Peter Obi of the Labour Party

“Let it be on record that if NNPP were not winning elections for the period under review it would have been deregistered like the one he facilitated which was called Alliance National Party. As a matter of fact, the current headquarters of NNPP in Abuja is the same office used by the defunct Alliance National  Party whose chairman was one Moshood.

“We also know that the current executive Gov of Kano Alhaji Abbah Kabir who was shortchanged in the previous elections took advantage of us as children of God to be protected and today those evil men could not stop him from becoming the Gov of Kano State.

“Therefore senator RABIU MUSA Kwankwaso should be taught the principles of humility and gratefulness to people who have been nice to him.

“In all of these, he may wish to distance himself from elder Buba Galadima if he wants to make headway in politics. The former President, Gen. Buhari did realise and distanced himself to combine with Asiwaju B. A. Tinubu, the grand master to become the President of Nigeria.,” advised.

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