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NAEE President Wants Buhari To Sign PIGB
The President, Nigerian Association for Energy Economics (NAEE), Prof. Wumi Iledare, last Saturday urged President Muhammadu Buhari to sign the Petroleum Industry Governance Bill (PIGB) before 2019 elections campaigns begin.
Iledare made the call at a pre-conference news briefing in Abuja, ahead of the 11th NAEE/IAEE International Conference beginning today.
The National Assembly passed the bill on March 28 following the unanimous adoption of a report on the Bill presented by Chairman, Senate Committee on Petroleum (Upstream), Sen. Tayo Alasoadura.
In passing the bill, the lawmakers approved in it, five per cent levy on petroleum products sold in the country.
Iledare urged Buhari to assent to the bill quickly as it still had 12 months to 24 months transition period after the president’s assent “to cushion any event of macro-economic shock”.
“I am not saying he shouldn’t evaluate. He should not assent to it without reviewing it further and that is why we have separation of powers.
“I think he has sent the bill to some critical sectors in the executive arm to look at it to get informed. If I am to advise the executive, I will say look ahead, not the now.
“If I were the president, I will sign it before the election campaigns begin because it will give him something to say look, I have done it after 18 years.
“The president needs an energy council, a competent body of energy professionals to look at the energy supply mix for Nigeria, just like you have in some other places.
“The reason why you see the shale gas developments in the U.S. is because of the Potential Natural Gas Committee that has existed for many years.
“I said this when Buhari came to power, that there is an energy council that is moribund and should be revamped,’’ Iledare said.
He said the Nigeria National Petroleum Corporation (NNPC) was experiencing under-recovery because it could not recover what it pays for in dollars using naira in an unstable market.
“We warned the government then, at that particular time there was an opportunity not to put any price because the price on the street was already N200.
“Unfortunately, you cannot recover what you pay for in dollars using naira, when the exchange rate is unstable and that is what we have.
“I think also that if you look at the industry, we are not in any way operating a deregulated downstream, what we have is what I will call a price ceiling that has been misinterpreted as a price floor.
“This means that when you have a price ceiling, you do not want the price to go beyond that yet, the equilibrium price is somewhere high.
“This is because when you have a price floor, equilibrium is supposed to be below the price floor, and that is more or less a misinterpretation.’’
According to him, under-recovery will not continue for a long time because when the PIGB is assented to, the NNPC becomes a commercial entity with shareholders that will receive dividends.
“This means that there will be key performance indicators that whoever is heading NNPC will deliver to shareholders,’’ Iledare said.
On his part, Vice President of NAEE, Prof. Adeola Adenikinju, said he was worried about the structure of subsidy in Nigeria.
“If you look at Kerosene, the poor people buy it at market price; diesel, the companies buy at market price and petrol, which is the product that is widely used by the elite, is the one that has this kind of issue.
The Federal High Court in Abuja has discharged and acquitted former Head of Service of the Federation, Winifred Oyo-Ita, of alleged N570m money laundering charges filed against her by the Economic and Financial Crimes Commission.
In his ruling yesterday, the trial judge, Justice James Omotosho, upheld the no-case submissions filed by Oyo-Ita and eight co-defendants, holding that the EFCC failed to establish a prima facie case against them after about six years of trial.
“The case presented by the prosecution has no weight whatsoever,” the judge ruled.
Justice Omotosho described the anti-graft agency’s case as one “built on the quicksand of speculations, suspicions and shoddy investigation.”
He added that the prosecution failed to establish the predicate offences required to prove money laundering allegations.
“Crucial elements of money laundering offences, which are the establishment of a predicate offence, were glaringly absent in this case presented by the prosecution,” he said.
The judge held that the prosecution failed to prove that funds allegedly traced to Oyo-Ita were proceeds of unlawful activities.
According to him, evidence before the court showed that contracts linked to the allegations were duly approved and executed.
He also held that estacodes, duty tour allowances and air tickets allegedly received by Oyo-Ita were properly approved.
“There is no proof before the court that estacodes or duty allowances were approved and subsequently collected without the corresponding trips being undertaken,” the judge said.
He faulted the prosecution for failing to tender travel approvals, official memos, audit queries or other documentary evidence to support its allegations.
“The prosecution has, in effect, invited the court to engage in speculation,” he added.
Justice Omotosho further held that Oyo-Ita was neither a director nor shareholder in the companies allegedly linked to the transactions under investigation.
“The prosecution did not provide any shred of evidence to show that the monies are tainted with illegality,” the judge ruled.
He subsequently upheld the no-case submissions filed by all the defendants and discharged and acquitted them on the 18-count charge.
The EFCC had arraigned Oyo-Ita and others in March 2020 over allegations bordering on fraud involving duty tour allowances, estacodes and contract kickbacks amounting to about N570m.
During the trial, the commission called eight witnesses and tendered documentary exhibits.
However, the defendants argued that the prosecution failed to establish any ingredient of the offences to warrant them entering a defence.
Justice Omotosho also rejected confessional statements allegedly obtained from Oyo-Ita and some co-defendants, ruling that they were not obtained in compliance with provisions of the Administration of Criminal Justice Act.
He held that the prosecution failed to produce video recordings of the statement-taking sessions as required by law and consequently expunged the statements from evidence.
Oyo-Ita was removed from office by the administration of late President Muhammadu Buhari in September 2019, amid corruption allegations.
The House of Representatives yesterday strongly condemned the latest wave of xenophobic attacks against Nigerians in South Africa, calling on the Federal Government to take immediate diplomatic and protective measures.
The resolution followed the adoption of a motion of urgent public importance moved by Donald Ojogo (APC, Ondo) and seconded by Billy Osawaru (APC, Edo) during plenary presided over by the Deputy Speaker, Hon. Benjamin Kalu.
Lawmakers urged the Ministry of Foreign Affairs to immediately initiate diplomatic steps to halt the killings, while also calling on the administration of President Bola Tinubu to begin evacuation plans for Nigerians willing to leave South Africa.
In addition, the House recommended a review of bilateral relations between both countries, including a temporary suspension of business permits for South African companies operating in Nigeria.
Speaking on the motion, Ojogo said the scale and pattern of the violence had become deeply troubling.
“The fresh xenophobic violence currently ravaging South Africa has reached an alarming rate to the extent that Nigerian nationals in that country are being selectively targeted,” he said.
According to him, “The House is worried that the lives of two Nigerians, Ekpenyong Andrew and Amaramiro Emmanuel, were killed in separate incidents linked to rising anti-foreigner tensions.
“We are worried that Andrew was arrested on April 19, 2026, in Pretoria, following an alleged altercation with officials of the Tshwane Metro Police. His body was later discovered at the Pretoria Central Mortuary, while Emmanuel died from injuries sustained after being beaten by personnel of the South African National Defence Force on April 20, 2026.
“We are concerned that both incidents were shocking as they involved South African Security personnel. The killings came amid escalating xenophobic hostility, with a viral video showing threats, intimidation, and attempts by mobs to target foreign nationals.
“The House is also disturbed that the targeted attacks against Nigerian nationals. This is a demonstration of ingratitude, especially taking into cognisance of the roles of Nigeria in the struggle against apartheid in South Africa. The trajectory in South Africa is a recipe for anger and reprisals in Nigeria, and there is a need to prevent such.”
Seconding the motion, Osawaru stressed the urgency of intervention, warning that continued inaction could worsen the situation for Nigerians living in South Africa.
Following deliberations, the House mandated its Committee on Foreign Affairs and other relevant committees to work with the Nigerian High Commission in Pretoria to establish a 24-hour emergency response desk and a legal aid fund for affected citizens.
Lawmakers also urged the Federal Government to develop and publicise a comprehensive evacuation contingency plan for Nigerians in volatile areas, including financial and logistical support for those willing to return home.
They further directed the Ministry of Foreign Affairs to “immediately summon the South African High Commissioner to Nigeria to convey Nigeria’s displeasure and demand a halt to the attack on Nigerians in South Africa, while demanding concrete/time-bound guarantees for the safety of Nigerians.”
The House added that Nigeria should review all bilateral agreements with South Africa, “including trade and aviation treaties, targeted economic measures, including temporary suspension of issuance of business permits to new South African companies, and a review of tax incentives enjoyed by existing South African firms in Nigeria, pending demonstrable steps by South Africa to halt these attacks, prosecute perpetrators and compensate victims.”
Xenophobic violence in South Africa has been a recurring source of diplomatic tension across Africa, particularly with Nigeria. Major outbreaks in 2008, 2015, and 2019 saw foreign nationals, many of them Nigerians, targeted in widespread attacks on homes, shops, and businesses.
The violence is often linked to economic frustration, high unemployment, and perceptions among some South Africans that foreign nationals are competing for limited jobs and opportunities.
Criminality narratives have also been used to stigmatise migrants, further fuelling hostility.
Nigeria has historically reacted strongly to such incidents, at times recalling envoys, evacuating citizens, and engaging in diplomatic protests. The issue remains especially sensitive given Nigeria’s support for South Africa during the anti-apartheid struggle, including financial and diplomatic backing to liberation movements.
The latest incidents, particularly those allegedly involving security personnel, have heightened concerns in Abuja about the safety of Nigerians abroad and the effectiveness of existing bilateral mechanisms meant to protect citizens in both countries.
With tensions rising once again, the House’s intervention reflects growing pressure on the Federal Government to move beyond condemnations and take firmer diplomatic and protective steps.
A Professor of Property and Human Rights Law at the Rivers State University, Port Harcourt, Prof Grace Ogbonda Akolokwu, has called for the removal of consent requirements in Sections 21, 22 and 28 of the 1978 Land Use Act.
The university don argued that the provisions are unnecessary and delay mortgage transactions and other benefits tied to land ownership.
Prof Akolokwu made the call while delivering the 130th Inaugural Lecture of the university in Port Harcourt, last Thursday.
The lecture was titled ‘Land as Man’s Epicentre: Interrogating the Roses and Thorns under Nigerian Law.’
According to her, instead of retaining the consent clause, government should digitize land registries to create a comprehensive database of land ownership across the country.
She said the lecture aimed to underscore the importance of land to man and expose how extant laws limit the full enjoyment of land as a natural gift.
Akolokwu, who is the Dean of the Faculty of Law, RSU, described land as a universal phenomenon around which human activities revolve, calling it the A to Z of man’s existence.
“Man is land and land is man. We are sustained by land and we cannot survive without it. Land is too important for man’s survival and existence,” she said.
The university’s first female professor of Law identified eleven “roses” of land that drive development and investment.
She also listed twelve “thorns,” including insecurity, age restrictions and multiple taxation, which she said are legal barriers that prevent full ownership of lands.
She told her audience that a Certificate of Occupancy is not conclusive proof of ownership, stressing that such titles remain subject to government control and revocation.
Akolokwu stated that Nigeria’s land rights framework is more precarious than it appears, and urged a review of the Act to reflect the present realities.
Among other recommendations, she proposed criminalizing land grabbing with penalties of 10 years imprisonment or a N10 million fine to deter offenders and safeguard property rights.
Earlier, the Vice Chancellor of the university, Prof Isaac Zeb-Obipi, commended the lecturer for bringing her wealth of experience to bear on the subject matter.
He said that universities have a duty to provide solutions to societal problems through inaugural lectures.
Akujobi Amadi
