Nation
N6trn Oil Revenue: Reps Threaten To Arrest Seven CEOs
The House of Representatives Adhoc Committee, investigating oil and gas revenue leakages in Nigeria – which is estimated to be about N6trillion – has threatened to arrest seven Chief Executive Officers, CEOs of indigenous oil and gas companies over their refusal or inability to appear before it.
The Chairman of the Committee, Hon Jarigbe Agom Jarigbe, who disclosed this at the end of the committee’s sitting in Lagos, thundered that the companies have not shown respect to the Committee, and, by extension, the Federal Government of Nigeria, on whose behalf the committee was acting.
Jarigbe disclosed that the companies must be compelled to appear as they collectively owe the government of Nigeria about $400 million – about N144billion at current exchange rate of $1 to N360).
The CEOs of the affected companies, some of them, members of the Oil Producers Trade Section, OPTS, of the Lagos Chamber of Commerce and Industry (LCCI) could not be reached as at the time of going to press. In fact, their names are being withheld because of this challenge.
But the Chairman of OPTS, who is also the Country Chair/Managing Director of Shell Petroleum Development Company Limited, Mr. Osagie Okunbor, urged the Committee to engage with all stakeholders in order to resolve outstanding issues before writing its report.
Mrs Gladys Folashede Odunuga, Head Planning Division, DPR also said the Department was committed to ensuring that operating companies pay their debts to the government.
The committee sitting held at the DPR Office in Lagos last week. Relatedly, Hon. Ehiozuwa John Agbonayinma, a member of the Committee said, whereas the nation’s oil and gas industry was in need of local and foreign investors to explore and produce commercial crude oil and gas, it is imperative that such investors should be ready to operate under terms and conditions put in place by the government.
One of the companies, currently in a joint venture with NPDC (Nigerian Petroleum Development Company) has two Nigerians as chairman and Chief Executive Officer, produces 10,000 barrels per day, BPD; was acquired from SPDC (Shell Petroleum Development Company) in November 2011 as a result of the Local Content Act signed into law in April 2010.
Another firm has a Nigerian as Executive Chairman/CEO and it operates two OMLs. Yet, another one, which has oil and gas interests in West African nations, including Nigeria, has both its chairman and chief CEO as Nigerians.
One of the firms in question also operates as an oil exploration and production company, in collaboration with a Canadian outfit and has been operating an OML which it won in 2003
Nation
HYPREP Marks 15 Years Of UNEP Report, Highlights Major Cleanup Milestones
The Hydrocarbon Pollution Remediation Project (HYPREP) has commemorated the 15th anniversary of the release of the United Nations Environment Programme (UNEP) Environmental Assessment Report on Ogoniland, reaffirming its commitment to restoring the environment and improving the livelihoods of affected communities.
In a statement signed by the Project Coordinator, Prof Nenibarini Zabbey, to commemorate the anniversary, HYPREP described the anniversary as a significant milestone in Nigeria’s environmental restoration efforts, noting that the project has made remarkable progress in implementing the recommendations of the landmark UNEP report released on August 4, 2011.
The UNEP report had revealed extensive oil pollution across Ogoniland, severe environmental degradation, and serious public health risks resulting from decades of petroleum operations. It also recommended an initial $1 billion fund to commence the cleanup of the affected communities.
According to HYPREP, the Federal Government formally launched the Ogoni clean-up in 2016, while the Project Coordination Office was established in 2017 to drive the implementation of UNEP’s recommendations.
Zabbey said the current administration has continued to prioritise the project under the Renewed Hope Agenda.
Providing an update on the cleanup, the Project Coordinator disclosed that 30 of the 65 contaminated sites identified by UNEP have been fully remediated, while work is ongoing at several medium- and high-risk locations. It also stated that more than 1.5 million mangrove seedlings have been planted as part of what it described as the world’s largest restoration of oil-degraded mangroves, with over 1,000 hectares of shoreline already rehabilitated.
Zabbey further revealed that 49 Ogoni communities have been connected to potable water schemes through multiple water projects and booster stations aimed at providing safe drinking water across the region.
In the health sector, he said the 100-bed Ogoni Specialist Hospital in Kpite and the 43-bed Cottage Hospital in Buan are nearing completion, adding that several existing health facilities have been upgraded with modern medical equipment, while five ambulances have been donated to improve emergency healthcare services. The Project Coordinator also disclosed that a three-year human health biomonitoring study is being conducted in collaboration with the World Health Organization’s International Agency for Research on Cancer (IARC).
On economic empowerment, Zabbey stated that the Project has created more than 8,000 direct jobs and trained thousands of Ogoni youths and women in various vocational and technical skills, including software development, cybersecurity, aviation, commercial diving, seafaring, mechatronics, and creative arts. The project also reported awarding scholarships to more than 1,000 students, providing grants to small businesses, and supporting persons living with special needs through skills acquisition programmes.
The statement further highlighted ongoing legacy projects, including the Ogoni Power Project and the Centre of Excellence for Environmental Restoration, which it said is about 96 per cent complete. HYPREP also welcomed the recent designation of the Ogoni Wetland as a Ramsar Site of International Importance and pledged to continue promoting biodiversity conservation and sustainable management of the ecosystem.
Marking the anniversary, Zabbey said the progress achieved over the past 15 years demonstrates the collective commitment of government, development partners, stakeholders, and local communities to restoring Ogoniland. He called for renewed collaboration to sustain the cleanup effort, promote environmental sustainability, and support the long-term development of the region. 3
Nation
REAN, SON synergise to curb fake renewable energy product
Nation
Self Help Africa programme expands water access for 320,000 Nigerians
-
News2 days agoRSG Targets Nine Million Residents in Mosquito Net Distribution Campaign
-
Oil & Energy2 days agoAiyedatiwa Signs New Electricity Bill
-
Oil & Energy2 days agoNLNG Commissions Research And Innovation Centre In RSU
-
Maritime2 days agoMarine Minister Commends President Tinubu On NPERA Bill Assent
-
News2 days agoKenPoly Holds Eight Convocations, August 29
-
News2 days agoRSG Begins Another Phase of Projects Commissioning Today
-
News2 days agoRMAFC Completes Revenue Sharing Review, Proposes New Pay
-
Maritime2 days agoNAGAFF Petitions IGP Over Alleged Maritime Police Harassment
