Senate approves NNPC amendment bill for second reading

by AljazirahNigeria | December 6, 2017 5:00 pm

The Nigerian Senate on Tuesday read for the second time, “a bill for an act to amend the Nigerian National Petroleum Corporation (NNPC) Act CAP N123 LFN 2004 and for other connected matters therewith, 2017” after a major disagreement among senators which required a strong-arm intervention from the presiding officer.

The bill seeks to make the appointment of the Group Managing Director of the NNPC subject to confirmation by the Senate as well as increase the contract approval limit of the GMD from N5 million to N500 million or its dollar equivalent.

The bill when passed will also make it mandatory for the NNPC to submit its annual report of the audited account of its operations to the senate not later than three months before the end of a financial year.

The second reading of the bill, however, was opposed by many senators who wanted the bill to be stepped down.

Moving for the bill to be stepped down, Deputy Senate President, Ike Ekweremadu, said, “I have some concerns, we need to do more consultations regarding this bill.

“Under the procurement act, there are a number of benchmarks for approving authorities and we need to be sure that there is conformity with the procurement act in terms of the amount that the GMD can approve, here it is saying 500 million naira, I think we need to cross check.

“We are dealing with the Petroleum Industry Bill (PIB) also, so we need to align it as well with the provisions of the PIB.”

His comment was seconded by Ibrahim Gobir (APC, Sokoto) who said that the Senate cannot set a procurement limit for the GMD of the NNPC, noting that such procurements are subject to the approval of the board and the Federal Executive Council, FEC.

Countering his colleagues, Kabir Marafa (APC, Zamfara) noted the concerns expressed by the Deputy Senate President but advocated for the second reading of the bill.

He explained that after it is read for a second time, it will be referred to a committee for further legislative action. He said the committee would address the issues raised by Mr. Ekweremadu.

The Senate President, Bukola Saraki, in his submission stressed that most of the reservations expressed by senators were trivial. He affirmed that the crux of bill is the provision that makes it mandatory for the NNPC to present its budget before the National Assembly.

The bill was then put to a voice vote and despite louder sound of “nay”, the Senate President ruled that “the ayes have it.”

The bill was subsequently read for the second time and referred to the Senate Committee on Petroleum Resources (upstream, downstream, and gas) to report back in four weeks.

Nigerian Online Newspaper=

WhatsApp

follow us on twitter @aljazirahnewsng[1]
Like us on Facebook @aljazirahnewsng[2]

Share This:

Related Posts

Presidency, NASS set to review trade treaties An aide to the President of the Senate, Bamidele Omishore says the Presidency and National Assembly are partnering to review treaties and conventions entered into by Nigeria. Omishore, who is Special Assistant to the Senate President on Foreign Affairs and International Relations, disclosed this ...
Herdsmen/Farmers’ Crisis: Ireland Advises Nigeria The Irish ambassador to Nigeria, Sean Hoy, has said Europe used laws limiting open grazing in addressing farmers and migratory herders conflict. The ambassador was speaking at a panel discussion titled “sharing lessons from Northern Ireland peace process” organised by Embassy of Ireland, Abuja an...
Dogara Assures Work On Road linking North East To Abuja The Speaker of the House of Representatives, Yakubu Dogara, on Saturday said that work will soon commence on a road which will link the North East region to the Federal Capital Territory, Abuja. Dogara made this public when he visited the the Gangwari Ganye, Alhaji Adamu Sanda, at his palace in Gan...
Bauchi NUT Vows To Resist Competency Test BY ALHASSAN MUHAMMAD, BAUCHI The Chairman of Nigerian Union of Teachers (NUT) Bauchi State Chapters Comrade Dan’juma Saleh Kirfi yesterday said that competency test will not have room in Bauchi state. According to the NUT Chairman in a phone call interview with Aljazirah News disclosed that ...
Missing Dapchi Girls: Full List 1. Fatima Bashir 2. Aisha Kachalla 3. Zainab Abubakar 4. Falmata Wakil 5. Fatima Isa 6. Fatima Musa 7. Aisha Usman 8. Aisha Adamu 9. Fatima Isa 10. Hauwa A. Mohammed Idriss 11. Maryam Mohammed 12. Fatima Mohammed II 13. Hauwa Salisu 14. Hassana Gambo 15. Ais...
Super Highway: C/R communities accuse Gov. Ayade of destroyi... Demand compensation By Patrick Ekpoh, Calabar   Communities affected by the construction of the 260 km Super highway project, undertaken by the government of Cross River state, have accused the state governor, Ben Ayade, of destroying the virgin forest and harnessing its resources for selfi...
Fayose In The Villa: A Meeting Of ‘Two Foes’ What was going on in the minds of President Muhammadu Buhari and Ekiti State Governor Ayodele Fayose who are perceived by many Nigerians as foes, yesterday? Definitely, the two politicians are not the best of friends. Many have described them as perceived political foes. They belong to different ...
Shagari Hail Saraki, Dogara For Passage of NILDS Bill By Ali Maha, Abuja The Chairman House committee  on Judiciary Hon Aminu Shehu Shagari and the Director General  National Instute for Legislative and Democratic  Studies (NILDS) today held a media conference  to intimate and highlight  NILS expanded mandate which culminated from the National Insti...
Yobe: Senate wants remaining missing schoolgirls rescued The Senate on Thursday urged the Federal Government to intensify efforts to ensure the safe return of all the schoolgirls abducted by insurgents in Yobe. This followed the adoption of a Point of Order raised by Sen. Bukar Ibrahim during plenary. Ibrahim, while commending security agencies over th...
Again! Amnesty Int’l Indicts Security Agencies On Abus... Human rights organisation, Amnesty International, has accused Nigerian security forces of carrying out widespread abuses such as extra-judicial killings, arbitrary arrests, mass detention in sub-human facilities, attacks on the media and journalists, violent crackdown on peaceful protesters, forced ...
Senator Kicks Against Adamu’s Sacking The Senator representing Bauchi South Senatorial District at the National Assembly, Senator Ali Wakili, on Thursday during the plenary protested against the removal of Senator Abdullahi Adamu as Chairman of the Northern Senators Forum without the general knowledge of its members. Senator Wakili, ...
Adamu Replaced As Chairman Northern Senator Forum The Northern Senators Forum yesterday sacked its chairman, Senator Abdullahi Adamu, for alleged  “financial mismanagement and misadministration”. Adamu, a third time Senator and an ally of President Muhammadu Buhari  represents Nasarawa West in the upper chamber. The senators announced Sen...
Monkey Stole N70m In Senator Abdullahi’s Farm House A senator, Shehu Sani (Kaduna-APC), has given some insights into why Abdullahi Adamu (Nasarawa-APC) was removed as chairman Northern Senators Forum. Mr. Sani said about N70 million belonging to the group was claimed to have been carted away by monkeys in a farm house. Mr. Adamu’s removal was a...
Endnotes:
  1. @aljazirahnewsng: https://twitter.com/AljazirahnewsNG
  2. @aljazirahnewsng: https://web.facebook.com/aljazirahnewsng

Source URL: http://aljazirahnews.com/senate-approves-nnpc-amendment-bill-second-reading/