Critics say transfer by NPDC an impeachable offence because it was not appropriated by National Assembly but government says it is harmless.
to some government agencies has stoked a controversy with some experts saying the transfer without appropriation by the National Assembly is an impeachable offence.
Details of the approved payment plan showed the Budget Office of the Federation was directed to allocate, as the NPDC would make the transfer, about $200 million to the electricity distribution intervention project under the FGN/Siemens project by October 31, 2019. The balance of $629.7million was also approved by the president to be used by the Budget Office to fund the regular 2020 budget in the period the funds would be received from the NPDC.The OML 11 previously belonged to SPDC. But, following the series of crises in Ogoniland in Rivers State, which impacted SPDC operations in the area, oil production from the oil block was stalled for over 30 years, as the company was denied entry to the area by the host communities.
The constitution identifies several revenue streams to government from the oil and gas sector, including those paid to the Federal Government through its agencies, and others paid directly to sub-national entities. Those paid directly to the Federal Government include proceeds from crude oil and gas sales, Petroleum Profits Tax , Oil & Gas Royalty, Signature Bonuses, Licenses and Concession Rental, Gas Flared Penalties, Companies Income Tax and Education Tax .
For Mr Aye, “Those “directed” disbursements purportedly issued by the President violate the country’s constitutional structure that provides that all revenues due to the Federal Government on behalf of the Federation should be paid into the Federation Account and appropriated only via an ‘Appropriation Act’ passed by the National Assembly.
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