OPINION BY AKPANDEM JAMES: Needless squabble over control of operations at Nigeria’s oil export terminals | TheCable
would not turn out well; chances of compromise in quality and execution are high. This cannot be truer elsewhere than it is at Nigeria’s crude oil and gas export terminals where a coterie of agencies, in apparent disregard of extant laws, have been spoiling for attention and relevance; with dire implications for the country’s economy.
The committee specifically noted the dual and conflicting regulatory presence of both the NUPRC and NMDPRA, which it considered unbecoming and outrightly against the spirit and letters of the Petroleum Industry Act , 2021. It did not only seriously frown at the development, but it also recommended that those that are not authorised by law to be there must be made to quit, even if backed by administrative directives.
Although the senate committee did not specifically say it, there were indicators, and in fact, insinuations that the presence of a crowd of agencies at export terminals may have compromised measurements and deliveries, as conflicting figures were being brandished by the respective organisations as levels of stolen crude oil.
The first letter clearly delineated the functions between the two agencies in line with sections 7, 8 and 174 while the second letter was in conflict with the extant provisions of the Act, particularly the aforementioned sections.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USAID on Anambra attack: Victims were heroes who gave their lives for Nigeria | TheCableThe United States Agency for International Development (USAID) has frowned on the attack of the US convoy in Anambra.
Read more »
The President’s lamentations | The Guardian Nigeria News - Nigeria and World NewsSir: The president’s disclosure that he was baffled at the level of corruption in Nigeria in spite of all his efforts at tackling it would serve as a confirmation of the argument in some quarters that even angels cannot rule Nigeria successfully because of the magnitude of corruption in every segment of the society.
Read more »
Now, the war of words | The Guardian Nigeria News - Nigeria and World NewsIt has been established that our elections must pass through three stages. At stage one, we cast the votes; at stage two, the candidates whose expectations were not met, cry foul and head for the courts where they believe that neutral Nigerians who sit on the bench will determine if INEC calculations...
Read more »
Mastercard, FCMB launch tap-on-phone payment solution | The Guardian Nigeria News - Nigeria and World NewsMastercard, in partnership with First City Monument Bank (FCMB) and Netplus, has launched a contactless payment solution that enables consumers, merchants and financial institutions to process payments seamlessly using Tap on Phone.
Read more »
Tinubu, Fayemi, others laud Nollywood, seek quality documentation | The Guardian Nigeria News - Nigeria and World NewsPresident-elect, Bola Ahmed Tinubu, has promised to take the creative sector to an enviable height, saying it has the potential to raise the Gross Domestic Product greater than the current figure.
Read more »
SAA: Revamping continental trade, tourism through Nigerian ties | The Guardian Nigeria News - Nigeria and World NewsSouth African Airways (SAA) has had its fair share of turbulence that often tests the souls of world airlines. SAA, being one of the leading foreign carriers on the Nigerian route, did weather the storm and now steadily climbing the altitude of its erstwhile continental dominance.
Read more »