• Investigates licensing rounds for marginal oilfields

James Emejo in Abuja

There are indications that the House of Representatives is determined to investigate the concession agreement on the new National Carrier, Nigeria Air.

The indication emerged after a motion on the subject surfaced on the agenda of the green chamber Thursday, as item number five.

This is coming as the House also passed a motion mandating its ad hoc committee investigating the huge debts owed by the International Oil Companies (IOCs) to indigenous contractors, to extend its investigative functions to marginal oilfields licence acquisitions.

The committee will also evaluate the financial proceeds from successful bids and remittance and non-remittance of revenues by the licensed operators into the Federation Account.

The motion to probe the national carrier sponsored by Hon. Dennis Agbo had demanded the setting up of an ad hoc committee to investigate the process of concession of the national carrier and ensure the selection of a credible core investor with a view to avoiding any failure, losses or embarrassment to the country.

Agbo had taken into cognisance the recent attempt to revive the national carrier by the Minister of State for Aviation, Senator Hadi Sirika, who had obtained a conditional Certificate of Compliance, along with the Outline Business Case (OBC) from the Infrastructure Concession and Regulatory Commission (ICRC).

He expressed worry that as a result of alleged questionable manner the process was carried out, the arrangement might fail again and bring the country avoidable losses and embarrassment.

He said while ICRC, in the conditional certificate, stated that the process should be at zero investment and management interference by the federal government, the Federal Ministry of Transport had already indicated an initial requirement of $8.8 million and another $300 million for the purchase of aircraft by December 2018.

According to him, these funds were not in the 2018 budget.

He added that the federal government had equally gone ahead to organise a road show scheduled for Thursday in London.

The motion further raised concern that the ministry had proceeded with the process in such a curious, hastened and in complete disregard of the pre-conditions in the OBC by ICRC, which is charged with ensuring integrity and favourable outcome of any concession of national assets.

However, the motion was stepped down and deferred to a future date because Agbo was not in the chamber when it was mentioned for consideration by House Speaker, Hon. Yakubu Dogara.

House to Investigate Marginal Fields Licensing Rounds

Meanwhile, the House Thursday passed a motion mandating its ad hoc committee investigating the huge debts owed by the IOCs to the indigenous contractors to extend its investigative functions to the processes of marginal oilfields’ licence acquisition.

The committee is also expected to evaluate the financial proceeds from the successful bids, remittance and non-remittance of revenues by the marginal fields’ operators into the Federation Accounts.

The lawmakers will also query the strategic alliance agreements between IOCs, investors and the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), in the operations of the oilfields.

The resolution of the lower chamber followed a motion moved under matters of urgent public importance by Hon. Diri Douye (PDP, Bayelsa) on the urgent need to launch investigation into the oil and gas fields from 2001 to 2017.

He expressed concern that more than a decade after the award of the first marginal fields’ Oil Mining Leases (OMLs), the combined production volume of the marginal field operators (MFOs) are yet to make any significant impact in the Nigerian oil and gas industry and currently accounting for less than four per cent of the country’s crude oil output, according to the NNPC.

He further noted that the Department of Petroleum Resources (DPR) had in 2014 indicated that the marginal oil field licences awarded to the indigenous companies in 2003, but were yet to be developed by their owners would be revoked in March 2015.

He said one year after, the DPR was yet to carry out the planned revocation of the licences.

Among other things, Douye said the precarious situation had resulted in huge revenue losses to the Federation Accounts from the lease holders’ royalties, taxes and other financial proceeds accruable from the operations of the marginal oil fields.

https://www.thisdaylive.com/index.php/2018/07/20/trouble-for-national-carrier-as-house-mulls-probe-of-concession-deal/amp/

Matters arising .
We will see how this new twist turn out to be.

Concession Deal in favor of Mr. President and his surrogates... ?


I will phight kworuption indeed!

Firefire:
Concession Deal in favor of Mr. President and his surrogates... ?


I will phight kworuption indeed!

Don't mock our president atak gawd begew

BeeBeeOoh:
Don't mock our president atak gawd begew

The president himself is a joke.

Firefire:



The president himself is a joke.

You are an enemy of state



Na Sarrki dey talk oh

BeeBeeOoh:
You are an enemy of state



Na Sarrki dey talk oh

Buhary is a confirmed No. 1 enemy of our democracy.

BeeBeeOoh:
You are an enemy of state



Na Sarrki dey talk oh

My brother Naija matters dey tire me

sarrki:


My brother Naija matters dey tire me

....."He said while ICRC, in the conditional certificate, stated that the process should be at zero investment and management interference by the federal government, the Federal Ministry of Transport had already indicated an initial requirement of $8.8 million and another $300 million for the purchase of aircraft by December 2018......"

I wanted to bring this up earlier but no chance, do you now agree that Nigeria is currently being run by kleptomaniacs of the highest order ? How can you in one breath say the FG won't have any financial input into the national carrier while at the next breath seeking for billions to buy the planes ? A private investor with 95% stake in a company can't afford to buy the most important equipment his company needs ? You people should fear God and call Amaechi et al to order

sarrki:


My brother Naija matters dey tire me

E don tey wey e tire me sef

The Airline is only a hurriedly put together pre election scam

Nigeria Air is a waste when compared to opening Ibaka & Ibeno seaports that have the capacities to unlock Nigeria industrial potential.

APC zombies ran away from this thread like deranged moróns, I thought they would insult the lawmakers again calling them thieves but now they've seen the real thief here is Muhammadu Buhari, they're quiet like dead rats

The chairman will give free ticket to friends family and girlfriends. The first thing that will reck the airline.

Ethiopia can run a world class airline and Nigerians are bickering over little things. The people who killed Virgin Nigeria are probably at work again.

Hmmmm

Today Is my Birthday, 1 Million Likes for Me

Buhari is a corrupt terrorist....

Anything he does has a sinister motive

sarrki:


My brother Naija matters dey tire me

my guy my guy, I heard you now doubt bayajida's integrity, I would have told you "good morning" but your logic is on per second billing and can easily be interrupted by the next BMC allawee. Anyways sha, holla me when next you're in port Harcourt let me host you in my zanga

Guestlander:
Ethiopia can run a world class airline and Nigerians are bickering over little things. The people who killed Virgin Nigeria are probably at work again.

Shut Up o ye hailers of corrupt old men...
You must be a Yoruba Muslim

RZArecta2:
my guy my guy, I heard you now doubt bayajida's integrity, I would have told you "good morning" but your logic is on per second billing and can easily be interrupted by the next BMC allawee. Anyways sha, holla me when next you're in port Harcourt let me host you in my zanga

Abeg free sarrki....
Na anywhere belle face

What has their previous or past investigations yielded.
Only EFCC during PMB regime has investigated and got little result. Others are poo.

.

Naija

The Northerners have come again ooh.

they should not worry, what they just lunched is Logo and name and that is where it will end. let's not disappoint ourselves by expecting any national Carrie.
since the lunch of Ogoni Clean up. has anything happened

Please check my profile for EFFECTIVE FUMIGATION AND PEST CONTROL against bed bugs, mosquitoes, flies, roaches, rats Etc
and Odorless Fumigation

they should not worry, what they just lunched is Logo and name and that is where it will end. let's not disappoint ourselves by expecting any national Carrier.
since the lunch of Ogoni Clean up. has anything happened

Please check my profile for EFFECTIVE FUMIGATION AND PEST CONTROL against bed bugs, mosquitoes, flies, roaches, rats Etc
and Odorless Fumigation

All this have been pinpointed by Reuben Abatti in his article.



Oby also saw the loopholes in the mannerism in which the planned take-off is heading.

Probe already?

Sharpshooota:


Abeg free sarrki....
Na anywhere belle face

LOL na my guy, just some times the crank shaft for him head dey shake but he's still my guy