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Reps probe NNPC’s 32-year joint ventures

Factual Pursuit of Truth for Progress

 

The House of Representatives ad-hoc committee says it has begun a probe of all Joint Ventures and Production Sharing Contracts entered into by the Nigerian National Petroleum Corporation in the last 32 years.

The Committee is set to Investigate the Structure & Accountability of the Joint Venture Businesses and Production Sharing Contracts of the Nigerian National Petroleum Corporation from 1990 to Date, on Tuesday, held its inaugural investigative hearing.

Speaker of the House, Femi Gbajabiamila, while declaring the hearing open, said he was delighted to inaugurate the committee “at this critical point of our nationhood where more resources are needed to diversify our economy.”

Gbajabiamila stated, “This investigation became necessary as there are serious allegations that operations of the Joint Venture businesses and Production Sharing Contracts, for which NNPC is a party and representing Nigerian interest, have over the years been conducted with highest degree of opaqueness to the extent that the Nigeria government and her citizens have been deprived of the value of their investment in the oil and gas sector.

“Accordingly, it will amount to administrative recklessness for any sane government to sit aloof and see such a sensitive sector that determines its future existence not being given appropriate attention in the governance process.

“It should be noted that the Joint Venture agreements and the production sharing contracts are supposed to protect the interest of all parties. However, there are concerns that these agreements are being observed in branches and that Nigeria is being short changed.”

Chairman of the committee, Abubakar Fulata, noted that the thrust of the probe would be to critically examine whether the operations of the JV businesses and PSCs between the oil companies involved in the arrangements with the NNPC had been conducted within the ambit of the laws and to determine whether the benefits accruable to Nigeria were fair and reasonable.

“It should be noted that any infractions in the oil and gas business either by the operating companies or individuals within the sector has a corollary effect on the Nigerian economy.”

Therefore, the committee in the conduct of this hearing will not leave any stone unturned as we pledge to act fairly in the best interest of the stakeholders and the Nigerian state,” he said.

Meanwhile, the House Committee on Public Accounts, on Tuesday, invited the Acting Accountant General of the Federation, Sylva Okolieaboh, over the failure of his office to present the 2020 audit reports of ministries, department and agencies of the Federal Government to the Office of the Auditor-General for the Federation.

The Chairman, Oluwole Oke, at the continued investigative hearing of the committee, decried that the delay was affecting the work of the parliament.

Oke added, “As the 9th Assembly is winding down, we need to redouble our efforts at looking into all the reports already laid before the House. Right now, we have completed work on those from 2017 and our reports are already in the press, after which we will lay the report before the whole House for official consideration.”

Politics

News Update?Osun Governorship Election Petition Tribunal Sitting Begins October 26

Latest Politics updatein nigeria

Osun State Governorship Election Petition Tribunal will on October 26 begin a full hearing of the petition filed by Governor Adegboyega Oyetola of the All Progressives Congress (APC) against the declaration of Senator Ademola Adeleke as governor-elect.

Lifestyle Nigeria reports that the tribunal made this pronouncement after concluding the pre-hearing session on Thursday.

The tribunal was asked to dismiss the applications of the Peoples Democratic Party (PDP) and the Independent National Electoral Commission (INEC), seeking the discontinuation of the petition brought to it by Governor Oyetola.

Counsel for Oyetola and the APC, Lasun Sanusi, SAN, at the sitting of the tribunal argued that Adeleke’s, PDP’s and INEC’s reliance on a Federal Court High judgment was nothing but an abuse of court process.

Sanusi argued this while replying to separate applications of the trio, seeking the dismissal of the petition based on the already appealed Federal High Court judgment disqualifying Oyetola from contesting the election.

Citing Supreme Court decisions in the case of Jegede Vs INEC, 2021, 14NWLR, Pt 1797, page 409, the counsel said the court had ruled that the signatories to the letter conveying the nomination of a candidate were not the nominators; rather, the nomination was done by party members at the congress, hence, the judgment could not stand.

Meanwhile, the counsel for INEC, Prof. Paul Ananaba, SAN; counsel for Adeleke, Onyechi Ikpeazu, SAN and counsel for the PDP, Dr. Alex Izinyon, SAN, agreed that any decision the tribunal would take on the matter would have to wait until the Appeal Court and the Supreme Court decided on it.

They noted that they just decided to argue the applications to have it on record, a position which the tribunal agreed with and put on record.

Also, in other applications totalling nine by the three respondents, they asked the tribunal to strike out some paragraphs of the petition on the grounds that they were either lumped together or not related to the 2022 election.

In response to each of the applications, Sanusi said all the cases cited by the respondents were misconceived, adding that they were not applicable in the instance case.

He cited the case of INEC Vs Otti, 2016, 8NWLR, where the Supreme Court hinted that INEC was supposed to be neutral, arguing that all the processes filed before the panel have not portrayed the commission’s neutrality.

Sanusi further argued that the applications filed by the respondents were only meant to prevent the tribunal from focusing on hearing the petition on merit, asking the panel to dismiss the applications.

Subsequently, counsel for all parties in the matter agreed to begin the full hearing starting with the calling of witnesses on October 26.

In his ruling, the tribunal declared the pre-hearing session concluded and announced that the pre-hearing conference report would be presented on October 17.

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NEWS UPDATE?Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)

%title% Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos) Lifestyle Nigeria

Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)

The remains of Flight Lieutenant Chapele Ebiakpo, one of the pilots of the NAF Alpha-Jet aircraft that crashed in Maiduguri, Borno state on March 31, 2021, have been laid to rest.

 

It will be recalled that the Nigerian Air Force fighter jet was declared missing on 31 March 2021 after losing radar contact. The crash site was later discovered and the bodies of the two pilots onboard the ill-fated jet were recovered. The pilots were on the battlefield fight Boko Haram members when the jet crashed.

 

On Thursday, October 13, friends and family members of the Late Ebiakpo gathered together at the National Military cemetery to bid him farewell. May his soul rest in peace, Amen.

 

See more photos from the funeral below…

 

Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos)

 

 

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<p>The post Nigeria Air Force who died in the crashed NAF Alpha-jet that crashed in Borno state laid to rest (photos) first appeared on Lifestyle Nigeria.</p>

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Phyna Bbnaija; Biography, Net Worth, Date Of Birth, Age, State Of Origin & Career – Lifestyle Nigeria


Real Name: Ijeoma Josephina

Stage Name: Phyna Bbnaija

Date Of Birth: 1997

 

Age: 25 years old

Profession: Actress

Nationality: Nigerian

State Of Origin: Edo State

Net Worth: $15K dollars

Details About Phyna Bbnaija


Phyna is currently 25 years old and she was born in the Nigerian state of Edo. Ijeoma Josephina is the correct spelling of her given name. She recounted herself as being the one who bring the ginger and the vibes to Biggie’s residence.

 

READ ALSO: BBNaija S7: Tega Makes U-turn About Phyna&#8217;s Loud Behaviour, Issues PSA

 

Phyna Bbnaija Date Of Birth

Phyna Bbnaija was born in the year 1997 in the Nigerian state of Edo. As of the time that this article about Phyna’s BBnaija biography and net worth was written, she had not yet reached her 25th birthday.

What is the net worth of Phyna Bbnaija?

At the time of writing, phyna bbnaija’s net worth was calculated at $15,000.

Conclusion:

There is still a lot of work to be done in this article. I’ll get to it as quickly as I can. Please share and leave a comment

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