News
PIA: Host Communities take on multinational oil companies over refusal to pay 3% operating cost
***Presses for revocation of licenses for violation of the Nigerian law
Two years after the enactment of the Petroleum Industry Act (PIA) 2021 the host communities (HOSTCOM) producing oil and gas have condemned the deliberate violation of the Act by oil companies operating in their area who have refused to remmit the 3% operating cost as stipulated by the act.
Section 257 ( 2) of the Petroleum Industry Act, which came into effect in August 2021, stipulates that Oil and Gas Companies should remit 3% of their annual operational expenditure to affected host communities .
But two years after the provision of the law, none of the Oil Producing Companies has complied with it , prompting stakeholders from the affected host communities to cry out in Abuja on Wednesday
National President of HOSTCOM, Dr. Benjamin Tamaranebi, at a press conference on Wednesday in Abuja, expressed dismay that the oil companies have refused to remit the 3% to HOSTCOM two years after the passage of the PIA.
He said the action of the IOCs was unacceptable, adding that it is a precursor to crisis in the affected communities .
Although Dr. Benjamin passed a vote of confidence on the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), a creation of PIA, for tackling the challenges facing the HOSTCOM, he said the regulatory agency needs to
HOSTCOM, therefore, called on the federal government to compel oil companies operating the region to pay their 3% operating derivation to HOSTCOM as stipulated by the Petroleum-based Industry Act (PIA).
Tamaranebi who was joined at the press conference by other stakeholders from the Host Communities, called on the Nigerian Upstream Petroleum Regulatory Commission ( NUPRC) to do the needful against the defaulting oil companies in line with relevant provisions of the PIA .
He declared that each of the defaulting oil companies has a penalty of $ 1,825 million to pay on the rate of $2,500 per day as stipulated by PIA .
“We call on all meaningful stakeholders to join hands with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to facilitate the speedy implementation of the 3% OPEX, which is overdue by the settlors.
“In fact, we call on the NUPRC to list out all the settlors who have refused to comply with the PIA 2021 or else we will have no choice than to escalate the issue of noncompliance to section 234 of the PIA 2021 and the Host Communities Development Regulation No 114 of 2022 to the President who is the Federal Minister of Petroleum Resources for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to invoke the revocation of their licenses for violating the extant regulatory Laws of Nigeria and protocols of the United Nations Framework Convention on Climate Change (UNFCCC) Clean Development Mechanism (CDM) green house gas (ghg).
“The 3% is needed by the various host communities since all the former MoUs they had with the oil companies have been set aside by the provisions of the PIA .
“Stakeholders across the affected host communities have been trying their best to maintain peace which however may be jeopardized with continued violation of the 3% remittance by IOCs,” he said.
He added that the required Host Communities Development Trusts ( HCDTs) for management of the 3% remittance have been set up by 84 out of the 135 communities.
On the issue of oil theft and pipeline vandalism, one of the stakeholders , Engineer George Bucknor called on government to widen the scope of community oriented approach by engaging more of the locals , on pipeline and oil installations protection .
“The Tompolo example has given the desired results , more of such , should be done by government,” he said .
News
Obidient Movement Denounces Fake Social Media Posts Targeting Senator Datti-Baba Ahmed
The Obidient Movement, led by Dr. Yunusa Tanko, has issued a press statement condemning the circulation of false social media posts attributed to Senator Datti-Baba Ahmed. The fabricated posts, which have gone viral, are described as part of a deliberate smear campaign aimed at damaging the Senator’s reputation.
The movement clarified that Senator Datti-Baba Ahmed does not operate any social media accounts, making all attributed posts entirely baseless. During a recent press conference, the Senator unequivocally dissociated himself from these claims and urged the public to disregard them.
“This is a targeted attempt to tarnish the Senator’s image and credibility,” Dr. Tanko stated.
The Obidient Movement has called on its supporters and the public to remain vigilant and proactive in addressing the issue. They urged people to ignore, counter, and report the false posts whenever they appear.
The statement concluded with an appeal for continued support and collaboration in combating misinformation, reinforcing the movement’s commitment to truth and integrity.
News
Senate Approves President Tinubu’s N1.767 Trillion Loan Request
The Senate has granted approval for a $2.09 billion (N1.767 trillion) loan requested by President Bola Tinubu to address the N9.7 trillion deficit in the N28.7 trillion 2024 budget. The decision was made during Thursday’s plenary, just 48 hours after the request was submitted to the National Assembly.
President Tinubu, in letters to both chambers of the legislature earlier this week, highlighted the importance of the loan for financing key projects and programs critical to national development.
Following the request, the Senate assigned its Committee on Local and Foreign Debts, led by Senator Aliyu Wammako (APC, Sokoto North), to review the proposal. Presenting the committee’s report, Senator Wammako described the loan as vital for implementing the Debt Management Strategy, reducing borrowing costs, extending debt maturity, and bolstering Nigeria’s external reserves.
The committee recommended raising the loan through Eurobonds or similar international financing instruments, subject to market conditions. It also suggested that any excess funds from exchange rate adjustments be directed toward capital projects in 2024 to support infrastructure and economic growth.
The Senate approved the loan unanimously, with no objections raised during deliberations. Deputy Senate President Jibrin Barau, who presided over the session, commended the Wammako-led committee for its swift and thorough handling of the proposal.
This loan approval is part of the government’s broader strategy to bridge fiscal gaps while focusing on developmental priorities and economic stability.
News
Finland Detains Pro-Biafra Agitator Simon Ekpa on Terrorism Charges
Simon Ekpa, a Finland-based pro-Biafra agitator, has been arrested and detained by the Päijät-Häme District Court in Finland on charges of inciting public crimes with terrorist intent.
The alleged offence reportedly occurred in Lahti on August 23, 2021. Finnish authorities apprehended Ekpa on Monday, November 19, marking another chapter in his history of legal confrontations.
A source confirmed Ekpa’s arrest, noting, “He was arrested three days ago. But this is not the first time. He will likely be questioned and released soon.” Ekpa was previously detained in 2023 on suspicion of fundraising fraud but was released the same evening.
The Finnish National Bureau of Investigation (NBI) has also requested the detention of four additional suspects in connection with terrorism-related charges.
Ekpa has gained notoriety for his leadership of a Nigerian separatist group advocating for an independent Biafran state in southeastern Nigeria. Finnish authorities allege that he used social media platforms to coordinate actions that resulted in violence against civilians and authorities in Nigeria.
Detective Chief Inspector Otto Hiltunen of the NBI stated that the investigation focuses on a Finnish citizen of Nigerian descent, born in the 1980s, suspected of public incitement to crimes with terrorist intent.
Meanwhile, the Nigerian government has continued to engage the Finnish government through the European Union (EU) to extradite Ekpa. In August, Nigeria’s Defence Headquarters emphasized the dual approach of diplomatic engagement and sustained military operations against the Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN).
Director of Defence Media Operations, Major General Edward Buba, reiterated the government’s resolve, saying, “The FG would respond appropriately to the Finnish Government through the EU. On the part of the military, troops would sustain operations against IPOB/ESN.”
Ekpa, who has represented Finland’s National Coalition Party (NCP) in local government, currently serves on Lahti’s public transport committee. Finnish authorities continue to investigate his activities, emphasizing the potential connection between his leadership role in the separatist movement and violent actions in Nigeria.
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