Reps to strip president of power over oil licences
MARCH 12, 2015 : JOHN AMEH, ABUJA

The House of Representatives Ad-Hoc Committee on Petroleum Industry Bill has stripped the President of his “discretionary power” to grant petroleum licences and leases to operators in the country’s oil and gas industry.
In removing this power as contained in Section 191 of the original bill, the committee recommended competitive bidding for such awards to “avoid the practice whereby the power for the award of oil blocks was discretionary.”

The committee, which is chaired by the Chief Whip of the House, Mr. Ishaka Bawa, made the recommendation in its report on the PIB laid before the House in Abuja on Thursday.

Similarly, the committee recommended the removal of the Minister of Petroleum Resources as the chairman of the National Oil Company proposed to assume the duties of the Nigerian National Petroleum Corporation and other key industry agencies.

The minister is also no longer empowered to recommend to the President who to appoint as the chairmen ‎of the boards of agencies listed in the PIB.
The agencies include Upstream Petroleum Inspectorate Agency; Downstream Petroleum Regulatory Agency; Asset Management Corporation ; and any other corporate entity established by the Act (PIB).

The House is yet to consider and approve or reject the report.
But, the committee made far-reaching recommendations on many areas generating controversies in the oil and gas industry.
On the Petroleum Host Community Fund, the committee expanded the beneficiaries to include non-oil producing communities in the country.

In the new recommendations, communities where pipelines pass through or have depots and refineries, will now benefit from oil revenues.
"In the bill, a new Section 118 cover‎s both upstream and downstream sectors.

“This innovation is intended to allay the raging distrust between oil-producing and non-producing communities in the country,” the report explained.

A Frontier Oil Services Agency is recommended to step up exploration activities in already identified oil basins like Sokoto, Anambra, Benue, Bida, Benin and Chad.
The agency is to be funded through taxes from oil production operations and “national budgetary allocations in dual funding strategy aimed at strengthening the agency and its operations.”

Copied from Punch.


http://www.punchng.com/news/reps-to-strip-president-of-power-over-oil-licences/

A HOR adhoc committee strips a president of powers and after stripping recommends......?

Which dump produces these Punch journalists?
Not even the entire house in a session on the floor house can unilaterally do such.

I hope punch understands that elections will come and go but they have proven to be an unprofessional bunch.

First, the caption reads "to" strip. Then one line reads "has" striped, and the other reads "recommended", wow! Nigeria!!!

Long overdue! There's too much power in the hands of the President! Where there's much corruption, there's much power!

Still a mere wush until the senate ratifies it. APC would've to take over d senate first b4 such move can succeed. As per the APC getting d senate, Olorun ma ma je o (God forbid).

This country just needs to divide. Its an unholy evil association created by britain that only causes misery to its citizens. Since 1960, no other country has had its citizens killed and slaughtered like animals than Nigeria. Ss, se wants to split. North wanted to split at one time. Its only the coward Yoruba that are dead weight in the country. Ifeajuna gave awo the country, he said no. Ojukwu gave ogundipe the country, he ran away.Ojukwu gave awo oduduwa but awo declined seeking permission from north. Ojukwu used banjo to offer it to obj, but banjo was stupid and obj has always been a bastard to the Yoruba and so on.
Such cowardly leaders, from sla thru ogundipe, to.tinuba/fashola. only guys i respect is gani and the great bashorun mko. can you imagine, they let that kanuri non nigerian treat a whole bashorun (general) of the yoruba like a common armed robber and they had all those generals (diya, adisa, olanrewaju) in power. Man this evil country is going to split one day. Sooner it happens, the better.

A well welcome development. The recommendations by the house of rep committee is very welcome. I only pray that they pass the PIB soon.

The highlighted portion is one of great concern.

At no point should the word "host communities " be extended to cover those that have depot, pipelines and other facilities.

If not we'll be facing even bigger problems.

What is due for the host communities should be given to them.



We can see why someone located a refinery in Kaduna.

The compensation for those with facilities and pipelines crossing their communities should be different!

Better. But why now at this extra-time

their father

This should have been done a Long time ago. l wonder why now.

Well....welll....welll......

Grand delusion at play!

Tambuwal and his misguided APC folks can keep regaling themselves in fantasy with a phantom majority in the House.

We know that their ranks is swelled by PDP members who lost out at the party primaries and, for all intents and purposes, would not return for the next legislative batch.

When all is said and done, PDP will reclaim the majority and put the pretenders where they belong.

We all know that the whole animosity against PDP/Jonathan is predicated upon the desire of a corrupt cabal insistent on maintaining the status quo.

In any case, the upstarts have a David Mark to contend with should the bill make it to the Senate.

Na now day break? So it really was all about the expiration of oil licenses? After GEJ's tenure you can"stripe" whatever but for now, the President has the power over oil licenses!

agileson:
This country just needs to divide. Its an unholy evil association created by britain that only causes misery to its citizens. Since 1960, no other country has had its citizens killed and slaughtered like animals than Nigeria. Ss, se wants to split. North wanted to split at one time. Its only the coward Yoruba that are dead weight in the country. Ifeajuna gave awo the country, he said no. Ojukwu gave ogundipe the country, he ran away.Ojukwu gave awo oduduwa but awo declined seeking permission from north. Ojukwu used banjo to offer it to obj, but banjo was stupid and obj has always been a bastard to the Yoruba and so on.
Such cowardly leaders, from sla thru ogundipe, to.tinuba/fashola. only guys i respect is gani and the great bashorun mko. can you imagine, they let that kanuri non nigerian treat a whole bashorun (general) of the yoruba like a common armed robber and they had all those generals (diya, adisa, olanrewaju) in power. Man this evil country is going to split one day. Sooner it happens, the better.

Ogbeni, calm down.

Deltagiant:
First, the caption reads "to" strip. Then one line reads "has" striped, and the other reads "recommended", wow! Nigeria!!!

That shows they are confused if this news is anything to go by.

Okay

How can the president give what belongs to the Nation to his friends? How did the law get passed in the first instance? The PDP government needs to be kicked out fast!

Ok.. Kontinue

The committee, which is chaired by the Chief Whip of the House, Mr. Ishaka Bawa, made the recommendation in its report on the PIB laid before the House in Abuja on Thursday.

Lol. Abok1 them no really get sense, well, provided they have oil they want to issue license for and not Niger Delta oil, or better still they can turn gworo to oil.

Nonsense

they are jokers!!!

even if they will do it, thats must be after 2016 when Gej must have giving out new license to new set of people,
there by correcting the old injustice.

Nice one

Yellow journalism

Alryt

all4naija:
They should also do more to get oil wells from past dictators and their cronies!

They should reduce their salaries and allowances by 60% now.

,

No wonder they want GEJ out because he doesn't want to give them license

agileson:
This country just needs to divide. Its an unholy evil association created by britain that only causes misery to its citizens. Since 1960, no other country has had its citizens killed and slaughtered like animals than Nigeria. Ss, se wants to split. North wanted to split at one time. Its only the coward Yoruba that are dead weight in the country. Ifeajuna gave awo the country, he said no. Ojukwu gave ogundipe the country, he ran away.Ojukwu gave awo oduduwa but awo declined seeking permission from north. Ojukwu used banjo to offer it to obj, but banjo was stupid and obj has always been a bastard to the Yoruba and so on.
Such cowardly leaders, from sla thru ogundipe, to.tinuba/fashola. only guys i respect is gani and the great bashorun mko. can you imagine, they let that kanuri non nigerian treat a whole bashorun (general) of the yoruba like a common armed robber and they had all those generals (diya, adisa, olanrewaju) in power. Man this evil country is going to split one day. Sooner it happens, the better.

Your IQ must be the lowest in Africa. You are not even making any sense! What did you smoke before typing this? Or are you looking for some cheap likes?

GOOD...lets wait and see