Reps seek revocation of oil bloc licences

he House of Representatives will ensure that oil bloc licences issued without due process are revoked, it emerged yesterday.

This is in addition to the forfeiture of oil and gas licences by companies that have variously defaulted in the payment of requisite fees to the government.

This followed the discovery of some oil and gas companies operating in deviance of the law yesterday at the on-going investigative public hearing into the status of several Oil Porospecting Licences (OPL) and Oil Mining Leases (OML) and marginal oil fields.

The Committee, chaired by Gideon Gwani (PDP, Kaduna) expressed disappointment at the response of some oil gas companies that failed to present presidential approvals for their licenses.

The Department of Petroleum Resources (DPR) also compounded the issue by informing the Committee that it has no records in its system of Presidential Approvals for some of the licences that were granted through discretionary powers of the Petroleum Resources Minister.

The Committee made its declaration after Oriental Energy and Platform Petroleum failed to provide satisfactory responses to issues of licence approval and payment of royalty to the Federal Government.

While Oriental Energy failed to prove the authenticity of its oil field license, Platform Petroleum said it defaulted in royalty payment for the whole of last year.

In response to the Committee’s query, DPR said it does not have the Presidential Approval for Oriental Energy’s license in its system.

The DPR also failed to provide satisfactory response to Platform Petroleum’s royalty payment default.

As a result, the Committee said the ownership of all the affected companies must be produced by the Corporate Affairs Commission (CAC).

It also declared that it will recommend for the revocation of licences of all oil companies found culpable of defaulting in payment of oil fees to the government.

The chairman said it was the duty of the Committee to unearth procedural inefficiencies in the award of the licenses, adding that presentation of documentary evidence for the discretionary awards is critical to the investigation.

He said: “Those who failed due process and whose licences to operate came through processes other than those prescribed by the law, we will recommend that such license be revoked, relinquished and thrown back into the basket for Nigerians to bid for properly.

“In the course of this investigation, we found out, even today (yesterday) that a company refused to pay royalty for the whole of 2016. This is a fee that is supposed to the paid monthly.

“As such, it is important that DPR begins to enforce the Act since it is clear that any company that failed to do business in accordance with the Act, not paying the requisite fees, as and when due, that company’s licences be relinquished and the bloc taken away.

“We are looking at the process by which these licences were acquired because we found out that the process might have been abused.

“It could be that someone in government was doing business with the issuance of these licenses to themselves and their cronies by manipulating Presidential Assent.

“We found out that languages that were not presidential were used in some of these letters of award.

“That has given the Committee an idea of how things were manipulated and that is why we want to take it further by finding out the owners of these companies from the Corporate Affairs Commission (CAC).

“This Committee is detemined to expose any oil company that did not get its license right and we will recommend it for revocation.

http://thenationonlineng.net/reps-seek-revocation-oil-bloc-licences/

Mynd44, OAM4J, Lalasticlala

The Department of Petroleum Resources (DPR) also compounded the issue by informing the Committee that it has no records in its system of Presidential Approvals for some of the licences that were granted through discretionary powers of the Petroleum Resources Minister.

This country sef. Imagine this nonsense. And the so called operators are allowed to operate without proof of Presidential Approval?? And they are still operating even till now. Does that mean the DPR does not carry out periodic audits of those operating oil blocks?

Wonders will never end in this country. There is so much room for corruption and fraud.

The Committee made its declaration after Oriental Energy and Platform Petroleum failed to provide satisfactory responses to issues of licence approval and payment of royalty to the Federal Government.

While Oriental Energy failed to prove the authenticity of its oil field license, Platform Petroleum said it defaulted in royalty payment for the whole of last year.

Another interesting one.

They want bribe again? Any action from the two houses against the rich amounts to bribe demand. Nigerians are lots more wiser, we self na senators and reps on nairaland, we understand the gimmick!

So this ppl ave bin operating without approval!!!!.. Some ppl re just feel comfortable eating the wealth of dis land.. I don't blame dem..

Good news coming from our Upper houses of late.
I pray it continues. The "Afonja" Saraki and "Adamu" Dogara get leadership sense!

The chairman said it was the duty of the Committee to unearth procedural inefficiencies in the award of the licenses, adding that presentation of documentary evidence for the discretionary awards is critical to the investigation.

Committee chairman making sense. I just hope he will continue making sense even after all the companies with faulty documentations have gone to grease his palms.

Unachievable Things

jaymejate:
You people will just be finding all means to get money. Who licensed them before and where were you then?

They'd probably done that through settling some of you and now you want to get more money from them.

One word, thieves!

Lol.

Imagine the bribes they will collect to declare illegal oil blocs legal.

jaymejate:
You people will just be finding all means to get money. Who licensed them before and where were you then?

They'd probably done that through settling some of you and now you want to get more money from them.

One word, thieves!

So what do you think is the way forward. They should leave them alone to operate?

These thieves always want more.
Want to recover your money from them? CHECK MY SIGNATURE and Don't Miss out!!

All Yoruba Billionaires made their money easily from aligning with Fulanis who gave them remnants of Oil Blocks in the Niger Delta including Adenuga, Tinubu, Otedola, Folawiyo, even the woman Tailor Alakija etc; thats why they sponsor media campaigns against Nnamdi Kanu for opening the eyes of more people in the SS and regularly calls on the FG to crush the Avengers and bombard the creeks to kill those protesting the degradation of their environment even on NL.

The hatred of Igbos is mostly because of Oil control and the basic fact that they cant be fooled easily with propaganda, even the British failed in that direction with indirect rule and other schemes.
I sometimes blame past leaders in the SS who thought that their marginalized Igbos was their problem in the past until after the last election which GEJ lost which exposed the treachery of these people and their Lagos/Ibadan media propaganda which they used to deceive the SS for many years.

The Nigerian oil industry is a cesspit of corruption, which is enriching few.

i done tire for nigeria

Nice development.
Just watch how the almajiri paedophiles would come and masťurbate on this thread

Thieves wan get their own share

Shey Oriental is owned by Indimi?
If yes then this is dead on arrival thanks to In-law Buhari

Good

Arewa12:
So this ppl ave bin operating without approval!!!!.. Some ppl re just feel comfortable eating the wealth of dis land.. I don't blame dem..

Wealth of which land?Na ur papa land?Nogo chop ur onionz and tomato wealth,dey dia dey eye nigerdelta oil.

Guyman02:
All Yoruba Billionaires made their money easily from aligning with Fulanis who gave them remnants of Oil Blocks in the Niger Delta including Adenuga, Tinubu, Otedola, Folawiyo, even the woman Tailor Alakija; thats why they sponsor media campaigns against Nnamdi Kanu .

Nnamdi Kanu is a THIEF!! na him get the oil? is he from the Niger Delta? is there oil in his state? Greedy thief!

oriental energy owned by ibb and now buhari in-law....amin o

Tbillz:
They want bribe again? Any action from the two houses against the rich amounts to bribe demand. Nigerians are lots more wiser, we self na senators and reps on nairaland, we understand the gimmick!

what were they elected to do please?

Guyman02:
All Yoruba Billionaires made their money easily from aligning with Fulanis who gave them remnants of Oil Blocks in the Niger Delta including Adenuga, Tinubu, Otedola, Folawiyo, even the woman Tailor Alakija; thats why they sponsor media campaigns against Nnamdi Kanu for opening the eyes of more people in the SS and regular calls on the FG to crush the Avengers and bombard the creeks to kill those protesting the degradation of their environment.

The hatred of Igbos is mostly because they cant be fooled easily with propaganda, even the British failed in that direction with indirect rule and other schemes.

From this comment, it is obvious who is hating who.

Good move but where hv they been all these while that those companies hv been operating or has d bribe term expired nd they r looking for renewal, inother words looking for more share of the cake? smh... Nothing is straight in dis country anymore

SIRmanjar:

Wealth of which land?Na ur papa land?Nogo chop ur onionz and tomato wealth,dey dia dey eye nigerdelta oil.

Are u high on ukwale weed... ele anya na nke a obara bastards ... I ga-apu ara

Tbillz:
They want bribe again? Any action from the two houses against the rich amounts to bribe demand. Nigerians are lots more wiser, we self na senators and reps on nairaland, we understand the gimmick!

READ WHAT YOU POSTED AND ASK YOURSELF THAT did i make any sense?

Arewa12:


Are u high on ukwale weed... ele anya na nke a obara bastards ... I ga-apu ara

Wetin dis goat dey talk abeg?I repeat go ad eat the onionz ad tomatoz in u region.ungrateful Parasite