Nation
We’ve Powers To Deduct Running Cost From Source, NNPC Tells Reps
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that the monetary deductions made from the 2015 operations of the corporation had legal backing.
Kyari gave the explanation while responding to the audit query from the office of the Auditor General of the Federation over dwindling government revenue from 2014 till 2020 at the Public Accounts Committee, PAC of the House of Representatives, yesterday.
The committee had invited the GMD to defend deductions from source of the sum of N865billion from N2.4trillion generated by the corporation in 2015.
The NNPC was to also explain the non-remittance of N3.8trillion of domestic crude oil sales; the non-collection of gas receipts for some months in the year; and the issue of refund of N450billion, among others.
It will be recalled that Auditor General had in the query said the act violated Section 162 of the Constitution which provides that all revenue proceeds should be paid to the Federation Account.
Meeting with the committee, Kyari said that NNPC act, a certain judgement of the Supreme Court judgement and approval of the Attorney-General of the Federation empowered them to make deductions of their running cost from source.
“What we do is backed by the provisions of the law. First, the NNPC Act is very clear that we should submit revenues net of our cost.
“There is also an informed decision of the Supreme Court and also the Attorney General of the Federation, that that position is correct and supported by the provisions of the law,” Kyari said.
In his remarks, the Committee Chairman, Hon. Oluwole Oke, said that NNPC as an agency of government was accountable to the people and ought to make remittances to the federation account.
Reserving ruling on the matter, Oke said the Committee will constitute a subcommittee to enable them re-examine the legal provisions to ascertain the tenacity of Kyari’s submission.
“Let us compare the provisions of the NNPC Act with Section 88, 81 of the constitution. We need to read the provisions of the NNPC Act along with section 80, 81 of the constitution of the Federal Republic of Nigeria to be able to decide which is superior, and which we are to follow.
“We would set up a sub-committee of legal minded members to read through the judgment of the Supreme Court on this matter vis-a-vis the letter from the letter of the Attorney General. We need to make an informed position of the matter.
“If the Supreme Court has taken a position, we need to be mindful of such. If we are in disagreement, the best option we have is to go into legislation, because it means the court has clearly interpreted the provisions of the law. Sources of law are judicial precedents.
“That is the way we can come up with an enactment, amendment, or repeal. So, I want to suggest that we reserve ruling on the query bordering on deductions at source. Let us study the provisions of the Constitution and the Act setting up NNPC along with the submission of the Attorney General and the Supreme Court judgment and we come back and make a ruling,” Oke said.
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Haniel Jack Foundation Awards Five Rivers Indigenes Scholarship
The Ibanibo Haniel Jack Foundation has awarded scholarships to five Rivers State indigenes in different tertiary institutions.
The scholarship programme was announced on Easter Sunday by Rev. Dr. Samuel Wachukwu, who is also the presiding pastor of Redeemer Baptist Church, at No. 44/46 Lumumba Street, Mile Two Diobu, in Port Harcourt.
Speaking, the chairman of the occasion, Barrister Karibi George, advised the recipients to justify the scholarship by ensuring that they put in their best and finish at the expected time.
George reminded them that opportunity comes but once and they should take advantage of the opportunity that comes their way judiciously.
“Those of you who are beneficiaries of this scholarship should also remember to help others and the resurrection of our Lord Jesus Christ.
“I advise you to justify the opportunity given to you and make the man who gave you the scholarship, yourself, and your family proud,” Barrister George said.

He explained that the scholarship spans undergraduate and postgraduate levels in various high institutions in Nigeria. He thanks Sir Jack for the gesture.
The scholarship is to promote education in our society, most especially for Rivers indigenes, and equally assist those who cannot immediately afford tuition fees.
It will interest you to know that
The scholarship was borne out of God’s blessings, and this is a way to give back to the society. Besides, two of the beneficiaries are direct employees of the chairman of the foundation, sir.
Ibanibo Haniel Jack, who is also the chief executive officer (CEO) of White House Hotel, in Port Harcourt.
Chief Prezi Diffa, while presenting the awards, commended Sir Ibanibo Haniel Jack, who has deemed it necessary to give back to society.
Chief Diffa equally advised the beneficiaries to take their academics seriously and count themselves lucky.
“The man who has given you this scholarship wants to better your lives, so please put in every effort to ensure you finish the school with flying colors,” Chief Diffa said.
The beneficiaries are Isoboye Haniel Douglas, Naomi Douglas, Charles Batubo, Ajé Sokari, and
Dakoru Owen Amachree.
Tonye Orabere
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