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NNPC Restructuring Is Illegal-Falana by Nnabugwu8590: 11:42am On Mar 11, 2016 |
A Lagos-based lawyer, Mr. Femi Falana (SAN), has described the reorganisation of the Nigerian National Petroleum Corporation by the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachukwu, as illegal. According to him, having realised the illegality of the reforms, the minister, who is also the group managing director of the NNPC, has said that he has not unbundled the corporation but is merely reorganising it. Falana said in a statement on Thursday, “It is pertinent to point out that the reforms being carried out by the NNPC GMD are illegal in every material particular. Section 2 of the Nigerian National Petroleum Act stipulates that the affairs of the corporation shall be conducted by the Board of Directors of the body. To that extent, it is the board of the corporation that is saddled with the responsibility to carry out the reorganisation of the body. “The board of the NNPC shall consist of the Minister of Petroleum Resources; Permanent Secretary, Federal Ministry of Finance; the managing director of the corporation and three other persons appointed by the President. The minister shall be the chair of the board. By virtue of Section 3 of the Act, the managing director of the NNPC shall be the chief executive and shall be responsible for the execution of the policy of the corporation and the day-to - day running of its activities.” According to him, since the board has not been reconstituted by President Muhammadu Buhari, the minister has usurped its functions and has been running the affairs of the NNPC like a sole administrator, adding that the combination of the posts of GMD of the NNPC and minister of state had compounded the illegality. Falana stated, “It is an anomalous situation whereby the minister, as the chairman of the NNPC board, is supervising his own activities as the GMD of the NNPC. Whereas the GMD is required to carry out the decisions of the board chaired by the minister, Dr. Kachukwu has become the executor and regulator of the affairs of the corporation. The Federal Government should take advantage of this crisis to put an end to the incongruity. https://www.today.ng/news/national/91572/nnpc-restructuring-is-illegal-falana |
Re: NNPC Restructuring Is Illegal-Falana by rottennaija(m): 11:46am On Mar 11, 2016 |
All this people now will start showing how much they know the law but contribute nothing to implementing it. NNPC has to be reorganised for efficency and profitability. They should stop all this nonsense. #ISTANDWITHBUHARIONTHIS |
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