Politics
Reps Okay Bill To Plug Revenue Leakages In Oil Sector

The House of Representatives, last Wednesday, passed a bill seeking to help plug leakages in government’s streams of income in the oil sector for second reading.
This followed a motion by the Deputy Majority Leader, Ahmed Wase, at plenary, presided over by Speaker Yakubu Dogara in Abuja.
Moving the motion, Wase (APC-Plateau) noted that as a result of lack of amendment of the Act, government has lost 21 billion dollars since 2008 when its review was due.
“Government loses about 8 million dollars daily as a result of lack of review,” he said.
According to him, a Bill for an Act to amend the Deep Offshore and Inland Basin Production Sharing Contracts Act, 1999, will help to provide more efficient methods of computing accruable revenue of government.
“It will improve the revenue of the government of the federation.
“Such additional revenue can adequately fund part of our budget deficit, boost the economy and improve living conditions of Nigerians.
“It will improve the petroleum industry governance,” he said.
According to the lawmaker, the bill seeks to effect an amendment in the Principal Act (Deep Offshore and Inland Basin Production Sharing Contracts Act, 1999) in order to plug leakages in government revenue streams and ensure the Federal Government maximises sufficient royalties from Production Sharing Contracts (PSC) between NNPC and International Oil Companies (IOCs).
“PSC was widely introduced in 1993 to address some of the issues faced by the Joint Operating Agreement (JOA) between the NNPC and IOCs and also to provide a suitable agreement structure for encouraging foreign investment in offshore acreage.
“Under these arrangements, the NNPC is the holder of the concession while the IOC is the contractor.
“In 1993, the NNPC entered into PSCs with eight IOCs and Nigeria is believed to have attracted much needed additional foreign investment as a result.
“These new PSCs attracted IOCs due to their favourable fiscal and legal regimes, as IOCs were given a higher profit share for the more marginal and high risk projects off shore,” he explained.
Wase said in 2000, eight new deep water licenses were offered, of which the terms of the PSC were considered to be tougher for IOCs.
He said the reduced risks involved in finding larger deep water reserves was the main reason for tougher profit oil splits in the 2000 PSC terms.
“In 2005, 14 deep water licenses were offered, of which certain alterations were again made to the PSC model contract,” he said.
He said Sections 16 of the Principal Act was amended by adding a new subsection (3) immediately after subsection (2) of the Principal Act.
Wase pointed out that: “Section 16 (3) In accordance with the provisions of subsection (1) stipulated that a royalty rate by price of 50 per cent should be for the additional revenue in the contract area of the Production Sharing Contracts under this Act.
“And the additional revenue shall be determined by the product of the volume of crude oil or condensate sold and the difference between the actual nominal sales price of the oil or condensate and the nominal value of $20 per barrel, (1993 real terms), at the time of sales, provided that the value of $20 per barrel (1993 real terms) shall be determined based on relevant US All Items Consumer Price Index (CPI) as published by the US Bureau of Labour Statistics,” he said.
He said the amendment was imperative to improving government’s revenue for the overall interest of the people.
“I therefore urge this Honorable House to consider it for passage,” he enjoined.
After a debate on the motion, the speaker, put it on a voice vote and the lawmakers unanimously supported it.
He then referred the bill to the House Committee on Petroleum Upstream for further legislative action.
Politics
Senate Confirms Amupitan As INEC Chairman

The Senate has confirmed Professor Joash Amupitan as the new Chairman of the Independent National Electoral Commission.
The Red Chamber confirmed Amupitan after a voice vote conducted by Senate President Godswill Akpabio and after undergoing screening and answering questions posed by the lawmakers.
Amupitan had earlier arrived at the National Assembly complex earlier, exchanged pleasantries with Senators.
He was accompanied to the chamber by the Governor of Kogi State, Ahmed Ododo, and other dignitaries.
At about 12:50 p.m., the nominee was ushered into the Senate chamber by the Presidential Adviser on National Assembly Matters (Senate), Senator Abubakar Lado, and was already seated ahead of the commencement of the exercise.
Amupitan was allowed into the hallowed chamber after the Senate Leader, Senator Opeyemi Bamidele (APC, Ekiti Central), moved that Order 12 be set aside to allow visitors into the chamber, and he was seconded by the Senate Minority Leader, Senator Abba Moro (PDP, Benue South).
Senate President Godswill Akpabio welcomed Amupitan, his family members, and well-wishers to the Red Chamber, commending them for their presence.
Before introducing himself to the Senators for the question and answer session to take off, Akpabio disclosed to his colleagues that the nominee had been cleared by the office of the National Security Adviser after vetting.
According to Akpabio, the office of the Department of State Services had also cleared him.
The Senate President also said that the Office of the Inspector-General of Police, having done a fingerprint search on him, cleared him and said that he had no criminal records with the police.
The screening exercise commenced at about 12:55 p.m. following Akpabio’s opening remarks, during which he outlined the procedures to be followed by the lawmakers in considering the nominee’s credentials.
The screening session focused on Amupitan’s vision for credible elections, his plans for institutional reforms within INEC, and measures to deepen the use of technology in Nigeria’s electoral process.
Following his confirmation by the Senate, Amupitan will oversee preparations for upcoming off-cycle governorship elections and lay the groundwork for the 2027 general elections.
The Tide source earlier reported that President Bola Tinubu had nominated Amupitan, a Professor of Law from the University of Jos, to succeed Prof. Mahmood Yakubu.
The President’s letter conveying Amupitan’s nomination was read on the floor of the Senate by Akpabio during plenary on Tuesday.
A Senior Advocate of Nigeria and former Dean of the Faculty of Law at the University of Jos, Amupitan, is widely regarded for his expertise in constitutional and international law.
Politics
PDP’ll Reclaim Presidency, Won’t Sink Following Defections — Mohammed

He said, although he was deeply concerned about some governors and lawmakers defecting to the APC, the party was working quietly behind the scenes to stabilise its ranks and rebuild public trust.
“If you ask me whether I’m concerned about our governors leaving for APC, I am more than concerned. But leadership is a burden. As a leader of a group of equal status, I cannot determine the decisions or inactions of my colleagues, but certainly, a lot of work is being done behind the scenes,” he said.
The Bauchi governor accused the APC-led federal government of using coercive tactics to weaken the opposition, saying the ruling party was bent on turning Nigeria into a one-party state.
“You know the style of leadership of the APC-led federal government in trying to make this country a one-party state. They have the power of coercion; they have the power of everything,” he said.
Governor Mohammed, however, maintained that the defections would not derail the PDP’s resurgence, stressing that most Nigerians at the grassroots remained loyal to the party.
“Even those who left are not finding it easier because most of the people at the grassroots level are PDP and are not happy with the defections. Sometimes it is done because of permutations and calculations. But I assure you I am not going anywhere. I am in PDP, and my state has no element of division,” he explained.
Governor Mohammed revealed that more defections could occur, including from lawmakers in his state, but insisted the PDP structure in Bauchi remained solid.
“Even today, I saw in the news that one of my senators is going. They are being controlled, they are being bought, but certainly, the state is PDP. Nigerians want change, and they believe they can get it through the PDP,” he stated.
The governor emphasised that the PDP had laid the foundation for most of Nigeria’s measurable achievements under successive governments and that the party remained the only credible platform capable of providing national renewal.
“Most of the measurable achievements by the federal government were done by PDP regimes. By the grace of God, if we stand firm, we will deliver. Some of us who won as governors were not even considered capable, and here we are. That’s what will play out in 2027,” he said.
Addressing concerns over potential threats to the forthcoming convention, the PDP stalwart said the party leadership was working to resolve internal disputes and litigations aimed at destabilising preparations.
“I cannot speak for the National Working Committee, but as a leader within the party, I know they are doing their best to address issues of litigations. Many are artificially created to undermine us, but we don’t have any faction in the PDP,” he said.
He noted that while some individuals had approached the courts to stop the party’s convention, the PDP remained more organised than most opposition parties.
“Comparatively, most of the other parties are not better off than us. We are better off than most opposition parties. We are the only ones intact; with one National Secretary, one National Chairman, and one Publicity Secretary. This meeting gives hope that at the end of the day, we will deliver,” he said.
On reports of Governor Peter Mbah’s rumoured defection from the PDP, Governor Mohammed said Governor Mbah had not formally declared any intention to leave and remained a respected colleague.
“Actually, Governor Mbah has not told us his position. It is a personal decision. We cannot remove his picture before he leaves. When he leaves, we will replace him with another person. Up till now, he has not told me he’s leaving,” he said.
He also dismissed speculation surrounding Governor Siminalayi Fubara of Rivers State, describing him as a loyal member of the PDP who had endured significant challenges in office.
“He has not left the party; he is still PDP. Everybody has his own style. He is a humble young man who has gone through so much and has done well to accommodate all the problems and challenges he found himself in,” he said.
Commenting on speculations about a possible 2027 presidential project involving former President Goodluck Jonathan, the Bauchi governor said the PDP remained open to prominent figures who wished to return or associate with the party.
“People are still interested in this party, and these big names being associated with us make us happy. As governors, we have resolved to put personal interests aside. We are united and will come up with leadership that will be the best choice for Nigerians to put in Aso Rock, inshallah,” he stated.
Governor Mohammed reaffirmed his commitment to the PDP and expressed optimism that new, visionary leaders would emerge from the party in 2027 to defeat what he called the APC’s ‘deceptive’ style of politics.
“If somebody goes, just like a bird, they go, they come. Please, don’t blame anybody at the governors’ level; we are doing our best, but it is beyond our control,” he said.
Politics
Obi Insists On Faith In New Nigeria During Rome Pilgrimage

In a statement following his recent visit to the United States and Rome, Mr Obi said he used the pilgrimage as an opportunity to seek divine intervention for Nigeria’s unity, peace, and responsible leadership.
He stated that after addressing members of the Friendship Club in the US and speaking at the 1st Ubuntu African Youth Assembly in Washington, he proceeded to Rome to join his wife for a spiritual retreat.
“With hearts full of gratitude, we thanked God that, despite our differences and the many challenges faced over 65 years of independence, He has kept us together as one nation,” Mr Obi said.
During the pilgrimage, the couple visited the four major Papal Basilicas in Rome — St. Mary Major, St. Paul Outside the Walls, St. John Lateran, and St. Peter’s Basilica — where they met with other Nigerian pilgrims.
“Along the way, we met many Nigerian pilgrims: men and women of faith whose faces shone with quiet hope. Together, we renewed our trust in God’s mercy and in the promise of a better Nigeria,” he added.
Reaffirming his faith in both divine providence and civic duty, Mr Obi maintained that prayer must be matched with personal and collective effort.
“Faith does not absolve us of responsibility; it calls us to action. We must each continue to do our part, with honesty, diligence, and love, for our nation’s healing and progress,” he said.
Mr Obi was accompanied by his wife, Margaret, during the pilgrimage, which also included an audience with His Holiness, Pope Leo XIV, at the Vatican City.
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