The Government of Rivers State and communities in the Niger Delta region have criticised the proposal by the Federal Government to unbundle the Nigerian National Petroleum Corporation and privatise a part of it as well as oil assets without the approval of other tiers of government.
The state and the communities, in their separate written presentations to the House of Representatives on the Petroleum Industry Bill, stated that the proposal to eventually sell off a National Petroleum Company to be created from the NNPC requires a collective approval of all stakeholders.
According to them, the NNPC and petroleum assets belong to the federation and not the Federal Government alone.
The Host Communities of Nigeria Producing Oil and Gas, in its presentation to the House Committee on PIB at its public hearing held between Wednesday and Thursday, particularly faulted the proposed plan to empower the petroleum minister to solely determine the fate of national assets in the oil and gas sector.
The position was stated in the document signed by the National President, HOSTCOM, Chief Benjamin Tamaranebi, on behalf of host communities of Nigeria.
It read in part, “It may be necessary to have a mechanism whereby the minister may have to obtain the approval of the federation in matters that affect the Federation Account especially the petroleum producing states and the host communities.
“This is especially important because all the assets the minister is to supervise belong to the federation and not the Federal Government.
“It would therefore be wrong to seek the approval of the Federal Government alone if the minister wishes to divest any asset that is under his purview.”
The host communities also warned against privatisation in the petroleum sector, saying it posed a major economic threat to Nigeria.
The document read, “Our host communities would want a careful handling by the government of all petroleum privatisation issues and to use our petroleum resources for the development of the entire nation.
“Consequently, we demand that Nigeria continues to maintain a robust national petroleum company whose interests should not be privatised or divested as proposed in the bill, where it intends to divest not less than 10 per cent in five years and not less than 30 per cent thereafter. Each of those provisions mathematically/legally implies 100 per cent divestment.
“If we divest our oil and gas resources, we would have stripped our nation bare. No nation can survive and be economically healthy after stripping itself of its natural resources.
“The divestment programme will create wide margin between the rich and the poor. It will enslave Niger Delta, impoverish Nigeria and turn Nigeria into a worthless nation. We would have surrendered ourselves to servitude forever. The buyer of our oil and gas assets will be the only one to determine whether we breathe as a nation or not.”
HOSTCOM added, “We have, therefore, resolved and demand that no one should sell off our oil and gas reserves.
“Consequently, we invite Mr President not to sign the bill until everything about divestment or privatisation and selling off our petroleum reserves are expunged from the bill.
“It will be very absurd and economically very illogical to sell performing equity. No equity/asset is performing more than our oil and gas reserves. This quest to take over complete control of all our national assets by a very greedy few has been on for too long.
“If Nigeria must divest or privatise our oil and gas assets, then the host communities must have the first right of refusal before you open up the sale or bid to other Nigerians because the oil and gas in Nigeria, indeed, belongs to the host communities in the first place.
“It was the military decree of 27 November, 1969, that took it away from us and vested it on the nation. Rather than keep and use it as a nation, the nation now plans to give away our national resources to a few greedy foreigners and their local collaborators.”
RAMADAN: OYHA Hopeful, Hon. Hammed Folorunso “Mido” Donates Foodstuffs, Cash To South East Constituency II
Oyo State House of Assembly Hopeful and member of the All Progressive Congress APC in Oyo State, Hon. Hammed Folorunso Tolulope, on Thursday donated foodstuffs and cash to his constituents in Ibadan South East 2.
Hammed, while handing over the bags of rice and cash worth of N200,000 to the leaders of the party said the move was to ease people’s plight as they perform the Ramadan fast.
According to him, the gesture will also strengthen and support them to devote more time in prayers for peace and stability in Ibadan South East, Oyo State, and Nigeria at large.
He used the occasion to reiterate his continuous presence and availability to contribute his quota to the Constituency.
The Public Relation Officer for Ibadan South East 2, Hon Femi Awogboro said It’s really a good one seeing youth coming out to show interest in politics “It is a good one to vie for a post, I believe we’ll be seeing as much as many youth coming up to contest as Mido is during presently now.”
The Chairman Ibadan South East ward 10, Alhaji Teniola in his speech ccongratulated party members for the caliber of personality that visited them.
“We have been hoping to seeing a vibrant, committed and a ready youth like this thank God Mido is coming to our aid, we are very happy to receive you today in our midst and we promise to support you to achieve your ambition come 2023, and God almighty will surely make it come to past.
“I want to assure you that all the wards chairmen in South East 2 are behind and we strongly support your ambition” he said.
In attendance were; Hon Jedi Akintola chairman ward 8, Wasiu Adeyemo chairman Ward 9, Abdul Rasheed Agarawu Chairman ward 12, Babyemi oladele chairman Ward11, Honorable Anbali and many other.
Mayowa Ayobami: An Attorney With Years of Multidimensional Legal Experience
Mayowa Ayobami: An Attorney With Years of Multidimensional Legal Experience
The legal profession is an occupation which requires so much from any sane mind who wants to thread the path as it goes beyond what its practitioners stand to gain. It’s important in securing the rights of the entire civil society and ensuring effective implementation of the human rights function of the state in relation to the activities of various bodies.
With the above, any qualified practitioner must have undergone some demanding training in learning the law which enables him act for members of the society by way of enforcing the law or representing someone in defence against the enforcement of such law.
Mr. Mayowa Ayobami is a vivid portray of what upright legal-practitioners do with regards to making the legal profession serves as an instrument to better improve the conditions of the civil society.
Mr. Mayowa is a known Senior Counsel at Tokunbo Orimobi LP, where he supervises and provides overall strategic direction for the firm’s Finance, Corporate and Commercial Law practice group.
Over the past thirteen (13) years, Mr. Mayowa has gathered multi-dimensional legal experience across key sectors of the Nigerian economy; and has been described as a highly effective attorney who is able to work closely with relevant stakeholders, including board members and C-level executives of clients, senior government officials and regulatory agencies.
He has advised several local, international and cross-border clients on compliance aspects of Nigerian industrial relations and employment law.
With particular regard to M&A and Corporate Restructuring transactions, Mr. Mayowa was part of the legal team that advised a U.K. oil and gas company listed on the AIM market of the London Stock Exchange in connection with the acquisition of the oil and gas assets of international oil and gas conglomerate.
In recognition of the outstanding work on behalf of the Acquirer, the transaction won the IFLR Restructuring Deal of the Year Award at the IFLR Africa Awards 2020, held in October 2020. In April 2021, he was included in the year 2021 WhoisWho Legal Nominations List for M&A and Governance and Capital Markets in Nigeria.
Mr. Mayowa is an Associate of the Chartered Institute of Taxation of Nigeria. He is a Member of the Employment and Labour Lawyers Association of Nigeria; and a Securities and Exchange Commission-accredited capital market consultant, authorised to discharge the functions of a Compliance Officer.
BREAKING: FG Extends NIN-SIM Verification to June 30 as NIN Enrolment Reaches 54 Million
The Federal Government has approved the extension of the deadline for National Identity Number (NIN)-Subscriber Identity Module (SIM) data verification to the 30th of June, 2021.
The extension was as a result of the virtual meeting chaired by the Honourable Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami, FNCS, FBCS, FIIM, and attended by following officials- Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, the Executive Vice Chairman/CEO of NCC, Prof. Umar Garba Dambatta and the Director-General/CEO of the National Identity Management Commission (NIMC), Engr. Aliyu Azeez.
The postponement of the deadline was also based on the request by stakeholders for an extension till 30th of June, 2021 in order to make it easier for all citizens and legal residents to register.
Significant progress has been made in the NIN-SIM verification process. For example, almost 54 million people have obtained their NIN and this can translate to up to 190 million mobile numbers, since empirical evidence suggests that each unique NIN maps to three to four phone lines.
The much-awaited Android enrolment system is now ready for deployment and this has the potential to significantly accelerate the speed and ease of enrolments.
Furthermore, the telecom providers and other enrolment agents have also opened several centres across the country to make it easier for eligible citizens and residents to obtain and link their NINs.
It is noteworthy that Sections 27 and 29 of the National Identity Management Commission Act 2007 provides for the mandatory use of NIN for accessing several government services. This is similar to the use of Social Security Number and National Insurance Number for accessing services in the United States of America and the United Kingdom respectively.
The Federal Government has approved the extension as part of its effort to make it easier for its citizens and residents to obtain the NIN and it is important to take advantage of the extension.
Dr. Pantami wishes to thank Nigerians for their patience and compliance with the Federal Government’s directive on the NIN-SIM registration exercise.
He again reiterated government’s commitment to continually taking decisions aimed at easing the pains of the citizens with regard to issues related to NIN and SIM registration.
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