Connect with us

Legislature

Senate names Echocho adhoc panel chairman to probe N11.35 trn TAM expenditure on refineries

Published

on

The Senate on Tuesaday name senator Isah Jibrin Echcho to chair an adhoc committees it raised to investigate all the contracts awarded for the rehabilitation of all state-owned refineries said to have gulped N11.35 trillion in 13 years.

The red chamber also mandated the panel to interrogate the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian National Petroleum Corporation Limited NNPCL and Bureau of Public Enterprises (BPE) on the best approach to commercialise state-owned refineries.

The Deputy Senate President, Barau Jibrin (APC, Kano) who presided over the plenary, constituted the committee.

Other members of the committee included the chairmen of the committees on Petroleum Resources (Downstream, Upstream and Gas), Finance, Appropriation, and Public Accounts.
The committee was mandated to submit the report within four weeks.

The resolutions followed a motion by Senator Sunday Karimi (APC, Kogi) during Tuesday’s plenary.

Nigeria’s four refineries in Kaduna, Warri and Port Harcourt had become moribund for years despite the series of repairs executed under various Turn Around Maintenance (TAM) contracts that had gulped huge amounts.

Karimi, in his motion, expressed concern that the state-owned refineries in Nigeria have been a serious drain pipe of public finance, depriving the citizens of the joy of being an oil producing nation.

He said between 2010 to date, Nigeria is estimated to have spent N11.35 trillion, excluding other cost in other currencies which include $592, 976, 050.00 dollar, 4, 877, 068.47 Euros and 3, 455, 656.93 Pounds, on renovation of refineries, yet they are unproductive.

He said despite the moribund state of the four refineries, their operating costs between 2010 and 2020 is estimated at N4.8 trillion.

The refineries are estimated to make cumulative loss of N1.64 Trillion, within 4years, he added.

He expressed worry that if a thorough investigation of the past and current rehabilitation projects is not undertaken by the Senate, the circle of awarding unproductive turn around maintenance contracts may not abate, thereby retaining the status quo where rehabilitation contracts have become conduit pipes for siphoning pubic funds.

Senators, in their various contributions, said the country could not continue to spend money on an  unproductive venture and urged the relevant authorities to ensure that those responsible for the state of the refineries are sanctioned.

Adams Oshiomhole (APC, Edo), said Senate must ensure proper oversight functions to make sure that Nigerians enjoy value for their tax.

“The amount so far spent on the refineries can build brand new ones. Senators must take the issues with all seriousness it deserves,” he said.

Aliyu Wadada (SDP, Nasarawa) said the high level of corruption while Adamu Aliero (PDP, Kebbi) alleged that economic saboteurs deliberately frustrated government’s effort to make the refineries to work so they continue to benefit from fuel importation.

Idiat Adebule (SPC, Lagos) wondered why the nation keeps putting money in rehabilitation of refineries annually when they remained non-functional.

The Deputy Senate President said had the refineries working, the country would not be experiencing thr current economic hardship.

“So, it is therefore very important that a thorough investigation should be done to make sure that everything that we need to know is brought open to us.

“Who are those who are sabotaging the efforts of government? Anybody who has a hand,  sabotaging the efforts of the government to bring these refineries into operation and those who have taken money that is meant to turn around these refineries must be brought to book. We must know them and decisive actions must be taken,” he said.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Legislature

NASS modifies NDLEA Act, Prescribes Life Imprisonment for Drug Traffickers

Published

on

By

The National Assembly has modified the National Drug Law Enforcement Agency (NDLEA) Act to prescribe life imprisonment for individuals found guilty of storing, transporting, or concealing illicit drugs and substances. 

The amendment was adopted on Thursday during plenary, presided over by Deputy Senate President Barau Jibrin, following broad support from the senators.

The amendment reflects a harmonised position of the Senate and the House of Representatives on Section 11 of the NDLEA Act. 

The House had earlier passed an amendment prescribing life imprisonment for drug traffickers, while the Senate had proposed the death penalty.

To reconcile the differences, a conference committee of both chambers was convened. Senator Tahir Monguno, Chairman of the Senate Committee on Judiciary, Human Rights, and Legal Matters, presented the harmonised version to the Senate. 

He urged lawmakers to adopt the House’s position of life imprisonment, arguing that enforcing the death penalty could lead to the execution of over 900 accused persons currently awaiting trial for drug-related offenses.

The Deputy Senate President who presided over the plenary had put the resolution to a voice vote, and the majority of senators supported the amendment. 

The approved version stipulates life imprisonment for offenders.
The amended section now reads:
“Anybody who is unlawfully involved in the storage, custody, movement, carriage, or concealment of dangerous drugs or controlled substances and who, while so involved, is armed with any offensive weapon or is disguised in any way, shall be guilty of an offence under this Act and liable on conviction to be sentenced to life imprisonment.”
This amendment aims to strengthen the fight against drug trafficking while addressing concerns over human rights and the judicial implications of the death penalty.
The move is part of efforts to curb the growing menace of drug trafficking and its adverse effects on Nigerian society. According to Senator Monguno, the life imprisonment penalty strikes a balance between deterrence and humane judicial practice.
With the amendment, the NDLEA now has a robust legal framework to prosecute offenders and combat drug-related crimes effectively.

Continue Reading

Legislature

President Tinubu urges Senate to approve ₦1.767trn External Loan

Published

on

By

Bola Ahmed Tinubu

President Bola Ahmed Tinubu has formally requested the National Assembly’s approval for a $2.209 billion (₦1.767 trillion) external borrowing plan to finance part of the ₦9.17 trillion fiscal deficit in the 2024 budget. The loan, included in the 2024 Appropriation Act, is critical to the government’s broader strategy for economic recovery and growth.
In a letter to Senate President Godswill Akpabio, President Tinubu noted that the borrowing aligns with the provisions of Sections 21(1) and 27(1) of the Debt Management Office (DMO) Establishment Act, 2003. He also indicated that the Federal Executive Council (FEC) had approved the plan.
The President explained that the funds would be sourced through Eurobonds or similar external financial instruments. A detailed summary of the loan’s terms and conditions accompanied the letter to guide legislative scrutiny.
“This borrowing is necessary to address the budget deficit and fulfill our fiscal strategy for 2024. Swift approval will enable us to move forward with mobilizing these funds,” the President stated, emphasizing the urgency of the request.
Senate President Akpabio referred the matter to the Committee on Local and Foreign Deb

Continue Reading

Legislature

Senator Natasha Transforms Kogi Central Schools with 5,000 Digital Learning Devices

Published

on

By

By Isah Bala

Access to quality education is a cornerstone of societal progress, and Senator Natasha Akpoti-Uduaghan is embodying this vision by bringing transformative educational tools to Kogi Central. In a groundbreaking initiative, the senator recently provided 5,000 digital learning devices to public primary and secondary schools in her district, aiming to bridge the digital divide and set a new educational standard.

The devices, unveiled at Abdul Aziz Attah Memorial College (AAAMCO), are preloaded with the Nigerian curriculum from UBEC and internationally acclaimed educational resources, including Khan Academy and Discovery Kids. Through this initiative, students will experience interactive learning, enabling them to explore subjects in depth, enhance digital literacy, and engage with complex topics in a hands-on way.

This project is just the beginning of Senator Natasha’s ambitious plan to make “smart schools” the norm in Kogi Central. She envisions a future where every child in her district has equal access to digital learning, stating, “My dream is to equip all public primary and secondary schools in Kogi Central with digital learning devices before the end of my tenure in 2027.”

Beyond device distribution, the senator’s initiative includes UBEC-led teacher training to ensure educators are equipped to integrate these tools into their classrooms effectively.
With this dual approach of student and teacher empowerment, Senator Natasha is laying a foundation that will support digital literacy and skill development for years to come.

Senator Natasha’s commitment to educational advancement represents a significant step forward for Kogi Central, ensuring that young students have access to the tools they need to succeed in an increasingly digital world. This initiative marks her dedication to the constituency that entrusted her with this mandate.

Continue Reading

Trending

Copyright © 2024 National Update