THE NNPC ACT

An Act to dissolve the Nigerian National Oil Corporation and to establish the Nigerian National Petroleum Corporation empowered to engage in all commercial activities relating to the Petroleum industry and to enforce all regulatory measures relating to the general control of the Petroleum sector through its Petroleum Inspectorate department.


1st April 1977


Part I
Establishment of the Corporation.

1. (1) There shall be established a corporation by the name of the Nigerian National Petroleum Corporation (hereinafter in the Act referred to as "the Corporation" which shall be a body corporate with perpetual succession and a common seal and may sue or be sued in its corporate name.

(2) The affairs of the Corporation shall, subject to Part II of this Act, be conducted by a Board of Directors of the Corporation which shall consist of a Chairman and the following other members, that is-

(a) the Director-General, Federal Ministry of Finance and Economic Development;

(b) the Managing Director of the Corporation; and

(c) three persons to be appointed by the National Council of Ministers, being persons who by reason of their ability, experience or specialised knowledge of the oil industry or of business or professional attainments are capable of making useful contributions to the work of the Corporation.

(3) The Chairman shall be a Minister in the Government of 1979 No. 44 the Federation to be known and styled as the Minister of Petroleum Resources.

(4) The supplementary provisions set out in the First Schedule to this Act shall have effect with respect to the tenure of office of the members of the Board (other than the Chairman), proceedings of the Board, certain duties of the members thereof and the other matters mentioned therein.

COMMENTS: It is very clear from the provision of the NNPC Act(Part 1), quoted above, that the affairs of the NNPC shall be conducted by the Board of Directors, with a Chairman who shall be a Minister appointed by Mr. President.
It is irrelevant whether the Minister is Senior or Junior so long as he is a member of the Federal Executive Council.
In effect, by appointing the Minister of State as the NNPC Board Chairman, it is ultra vires for the GMD (who is also a member of the Board) to circumvent the Board and its Chairman in the conduct of the affairs of the NNPC.
By his appointment as Chairman, the President has delegated the authority of the Minister of Petroleum Resources to the Minister of State, as Chairman, with respect to the conduct of NNPC corporate affairs, simplicita.
All arguments to the contrary are futile and pure balderdash.
The GMD and his partners in the Presidency who have illegally constituted themselves into an Oil Cabal and usurped the authority and powers of the NNPC Board are guilty of economic crimes and sabotage and should be prosecuted by the EFCC without any delay or rigmarole. The War Against Corruption, Indiscipline and Economic Sabotage should have no room for such deliberately plotted illicit and corrupt behavior.
Mr. President must clean the augean stable and save the reputation of the Presidency. The Cabal has been able to sidetrack the NNPC Board on the pretext that the President is the Petroleum Minister and is therefore the substantive Chairman of the Board. This pretext is false, self serving and symptomatic of kleptocratic governance. It is in the better interest of the country for the President to divest himself of the Petroleum portfolio and appoint someone from one of the major oil producing states as the Minister of Petroleum Resources.

K. A. Familoni, PhD.


http://www.nigeria-law.org/Nigerian%20National%20Petroleum%20Corporation%20Act.htm

Cc: Jesusloveyou, Madridguy

Abeg who is the minister for petroleum resources?

coolcharm:
Abeg who is the minister for petroleum resources?

Ceremonially Gen. Mohammadu Buhari

engineerboat:
THE NNPC ACT

An Act to dissolve the Nigerian National Oil Corporation and to establish the Nigerian National Petroleum Corporation empowered to engage in all commercial activities relating to the Petroleum industry and to enforce all regulatory measures relating to the general control of the Petroleum sector through its Petroleum Inspectorate department.


1st April 1977


Part I
Establishment of the Corporation.

1. (1) There shall be established a corporation by the name of the Nigerian National Petroleum Corporation (hereinafter in the Act referred to as "the Corporation" which shall be a body corporate with perpetual succession and a common seal and may sue or be sued in its corporate name.

(2) The affairs of the Corporation shall, subject to Part II of this Act, be conducted by a Board of Directors of the Corporation which shall consist of a Chairman and the following other members, that is-

(a) the Director-General, Federal Ministry of Finance and Economic Development;

(b) the Managing Director of the Corporation; and

(c) three persons to be appointed by the National Council of Ministers, being persons who by reason of their ability, experience or specialised knowledge of the oil industry or of business or professional attainments are capable of making useful contributions to the work of the Corporation.

(3) The Chairman shall be a Minister in the Government of 1979 No. 44 the Federation to be known and styled as the Minister of Petroleum Resources.

(4) The supplementary provisions set out in the First Schedule to this Act shall have effect with respect to the tenure of office of the members of the Board (other than the Chairman), proceedings of the Board, certain duties of the members thereof and the other matters mentioned therein.

COMMENTS: It is very clear from the provision of the NNPC Act(Part 1), quoted above, that the affairs of the NNPC shall be conducted by the Board of Directors, with a Chairman who shall be a Minister appointed by Mr. President.
It is irrelevant whether the Minister is Senior or Junior so long as he is a member of the Federal Executive Council.
In effect, by appointing the Minister of State as the NNPC Board Chairman, it is ultra vires for the GMD (who is also a member of the Board) to circumvent the Board and its Chairman in the conduct of the affairs of the NNPC.
By his appointment as Chairman, the President has delegated the authority of the Minister of Petroleum Resources to the Minister of State, as Chairman, with respect to the conduct of NNPC corporate affairs, simplicita.
All arguments to the contrary are futile and pure balderdash.
The GMD and his partners in the Presidency who have illegally constituted themselves into an Oil Cabal and usurped the authority and powers of the NNPC Board are guilty of economic crimes and sabotage and should be prosecuted by the EFCC without any delay or rigmarole. The War Against Corruption, Indiscipline and Economic Sabotage should have no room for such deliberately plotted illicit and corrupt behavior.
Mr. President must clean the augean stable and save the reputation of the Presidency. The Cabal has been able to sidetrack the NNPC Board on the pretext that the President is the Petroleum Minister and is therefore the substantive Chairman of the Board. This pretext is false, self serving and symptomatic of kleptocratic governance. It is in the better interest of the country for the President to divest himself of the Petroleum portfolio and appoint someone from one of the major oil producing states as the Minister of Petroleum Resources.

K. A. Familoni, PhD.


http://www.nigeria-law.org/Nigerian%20National%20Petroleum%20Corporation%20Act.htm

Cc: Jesusloveyou, Madridguy

no need to rigmarole,
Buhari is still the minister of petroleum.
And the GMD just reported the contract to him for approval.
Or what is the difference if kachukwu had submitted it to buhari without approving it or not approved by FEC.
The bottomline is the hiding agenda of kachukwu, if not, I did not see any reason for kachukwu to fight whatever was approved by fec, or is kachukwu not a member of fec.?

Nigeria is fvcked up with fvcked up leaders complemented with fvcked up followers, who are mostly trabalistic and ethnic miscreants parading themselves as score northern kinsmen of buhar, at the same time this bigots are chanting one nigeria, deceiving gullible nigerians with restructuring...................it a shame kachikwu is being treated like a caststrated toothless bulldog after all his selfless service to this government, like negotiating with the militants to stop attacks on pipelines, returning oil production to 2.2m barrel from 1.4m, negotiating with OPEC to exclude nigeria from oil production cut, including prosmsing to ban petroluem import by 2019 to acchieve self surffiency, upon all this services, to this government buhari is still bent on keeping mute to protect the interest of his core northern kinsmen..................indeed nigeria is fvckedup.

This is sad product of our educational system. ... where in the word does some decide to read one aspect of a document and ignore the rest including directives of BPP on how the procurement process is supposed to be conducted.? H couldn't even quote of where the law says the board must run interference in procurement matters or duties of the board.

Jesusloveyou:
no need to rigmarole,
Buhari is still the minister of petroleum.
And the GMD just reported the contract to him for approval.
Or what is the difference if kachukwu had submitted it to buhari without approving it or not approved by FEC.
The bottomline is the hiding agenda of kachukwu, if not, I did not see any reason for kachukwu to fight whatever was approved by fec, or is kachukwu not a member of fec.?

Who is the active minister and also the chairman nnpc board

engineerboat:


Who is the active minister and also the chairman nnpc board

the work of buhari as active minister is to sign contract while kachukwu is to represent buhari in any events and also to give useful advice to buhari.

Jesusloveyou:
the work of buhari as active minister is to sign contract while kachukwu is to represent buhari in any events and also to give useful advice to buhari.

Even when we have acting President

engineerboat:



Even when we have acting President

osibanjo was acting for person and the person signed it by himself, is anything wrong with that?

Jesusloveyou:
osibanjo was acting for person and the person signed it by himself, is anything wrong with that?

From the sick leave bed