Alleged Secret Bank Accounts: H/Reps probe NNPCL, Joint Venture business 

The House of Representatives has said it is probing the structure and accountability of Joint Venture (JV) business and production sharing contracts (PSCs) of Nigerian National Petroleum Company (NNPC) Ltd. Chairman of the ad-Hoc Committee, Hassan Fulata, yesterday said some NNPC accounts did not follow due process. He said the committee discovered a secret account by NNPC Ltd., alleging the Federal Government did not follow due process in opening these accounts. However, the Acting Accountant-General of the Federation (AGF), Okolieaboh Sylva, denied the government’s knowledge of such a secret account.…

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House of Reps panel probes NNPC Joint Venture contracts with IOCs

…Summons AGFMalami, Kyari The House of Representatives has unveiled plans to investigate the structure and accountability of the Joint Venture (JV) businesses between Nigeria and International Oil Companies (IOCs) between 1990 to date. To this end, the House resolved to set up an ad-hoc Committee to investigate all Joint Venture (JV) operations and Production Sharing Contracts (PSCs) in the Oil and Gas sector since 1990, with a view to ascertaining whether or not the capital expenditure, operations, financials and related frameworks are within the ambit of law and Production Sharing…

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Gbajabiamila summons ASUU, as Nigerian students threaten to shut down airports over lingering strike

The Speaker of the House of Representatives, Femi Gbajabiamila, has summoned the Academic Staff Union of Universities (ASUU) for a meeting over the on-going seven-month-old strike. This was contained in an issued letter, signed by the Clerk of the House of Representatives, Yahaya Danzarta, and addressed to the president of ASUU, Prof. Emmanuel Osodeke. According to the letter, the Speaker expressed his concern over the failed negotiations between the Federal Government and the union. The letter partly reads, “The Hon. Speaker House of Representatives, Rt. Hon. Femi Gbajabiamila, hereby invites…

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Reps fault N18.37bn daily subsidy payment, N448 per litre as PMS landing cost in 2022, 2023

…Differ on computation of N6.79tr fuel subsidy The Federal Government, yesterday, disclosed that it is currently paying N283 as a subsidy on every litre of premium motor spirit (PMS) imported into the country by Nigerian National Petroleum Company (NNPC) Limited. The Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, who disclosed this at the resumed investigative hearing into the Ad-hoc Committee investigating the payment of the controversial fuel subsidy payment between 2013 and 2022, chaired by Hon. Ibrahim Aliyu, who picked holes in the Minister’s presentation on the…

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H/Reps probe Agric Ministry for spending N18.9bn on ‘ghost bush’ clearing during Covid-19 lockdown 

The Public Account Committee of the House of Representatives Committee (PAC), has invited the Federal Ministry of Agriculture and Rural Development to give an account of how the ministry spent N18.9 billion on bush clearing, land-preparation among others during the Covid-19 lockdown. The chairman for the committee, Wole Oke, made this call, demanding that the Ministry of Agriculture show the places they claimed to have cleared. According to him, “During the lockdown of the country as a result of COVID-19, some companies took contracts worth about N18 billion for bush…

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Reps. move to stop privatisation of 5 Niger Delta Power Holding plants

The House of Representatives has resolved to stop the privatisation of five power plants of Niger-Delta Power Holding Company, (NDPHC). This followed the adoption of a ‘Motion of urgent public importance’ by the Chairman House Committee on Power, Rep. Magaji Aliyu, at the plenary in Abuja yesterday. He noted that the National Council on Privatisation and (NDPHC) Board of Directors, in collaboration with the Bureau of Public Enterprises (PBE), had resolved to sell the power plants. Aliyu listed the five places to include Calabar, in Cross-River State, Ihorbor in Edo…

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Reps to investigate petrol subsidy regime from 2017 to 2021

…Allege $7bn diversion The House of Representatives has constituted an Ad-hoc Committee to investigate the Petroleum Products Subsidy regime between 2017 and 2021 by the Nigerian National Petroleum Company Ltd., (NNPC). Its Speaker, Femi Gbajabiamila, is scheduled to name members of the ad-hoc committee expected to probe the “petroleum product subsidy regime” from 2017 to 2021, yesterday. The resolution was passed during the plenary session yesterday, following the adoption of a motion sponsored by Sergius Ogun from Ogun State. Speaking on the floor of the house while moving his motion,…

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Insecurity: “Our resolutions mere statements”, House Deputy Speaker laments

…As Reps. summon IGP, Army Chief The Deputy Speaker of the House of Representatives, Idris Wase (APC, Plateau), has described resolutions of the House on insecurity as “mere statements” that are not respected by concerned authorities. Hon. Idris stated this yesterday, while contributing to a motion by Solomon Maren (PDP, Plateau) on the general insecurity in Plateau State. Speaking on the motion, Idris raised alarm on the general insecurity in Wase federal constituency, noting that abduction for ransom has become a daily occurrence in the constituency. According to the lawmaker,…

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H/Reps task Buhari to ensure release of 51 abducted Kaduna train passengers

The House of Representatives, yesterday, tasked President Muhammadu Buhari to do all within his powers to expedite action to secure the release of the remaining 51 Nigerians kidnapped in the Abuja-Kaduna-bound train attack and all other Nigerians held hostage by bandits and terrorists across the country. The lawmakers, who expressed grave concerns over the plight of innocent citizens, urged Federal Government to urgently set up a high-power inter-agency panel to coordinate efforts for the release of citizens in the custody of bandits and terrorists across the country as well as…

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2023 General Elections: H/Reps ask INEC to extend voter registration by 60 days

The House of Representatives has asked the Independent National Electoral Commission (INEC) to extend the deadline for the continuous voter registration (CVR) exercise by 60 days. The House passed the resolution during yesterday’s plenary, following the adoption of a Motion passed by a lawmaker from Abia State, Benjamin Kalu. Recall that the electoral umpire had fixed June 30 as the deadline for the suspension of CVR across the country ahead of the 2023 general election. Moving his motion, Kalu said the extension of the voter registration will enable many eligible…

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