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NNPC Ltd, PSC Contractors Resolve Disputes, Renew PSC Leases

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Less than a month after the unveiling of NNPC Ltd by Mr. President, NNPC Ltd and its Production Sharing Contract (PSC) Contractors are pleased to announce the execution of fully termed agreements for the renegotiated PSCs.

During an event to mark the landmark achievement held today at the NNPC Towers in Abuja, the parties renewed their agreements in five Oil Mining Leases (OMLs 128,130,132, 133, and 138), a development that would not only unlock further investments in the upstream sector and boost investors’ confidence but would also unlock over $500bn in revenue for the country.

Group CEO, NNPC Ltd, Mallam Mele Kyari, said renegotiations of the assets were in line with the provisions of section 311 of the PIA with other improvements to the PSCs aimed at driving performance in the PSC operations.

President Buhari Unveils New NNPC LTD

Speaking further, Kyari said the negotiations were completed within the timeframe specified by PIA for all re-negotiated PSCs, stressing that “the “meaning of this is that there is now a great deal of clarity between NNPC Ltd and its partners in the deep water space.”

Kyari commended President Muhammadu Buhari for his leadership in providing theNNPC Ltd and its Contractors the opportunity to achieve the milestone through thePIA, thereby offering more opportunities for boosting the nation’s crude oil production and revenue base.

In his remarks, Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor described the execution of OML 133 PSC contract as significant progress towards harnessing the deep-water resources of Nigeria.

Also speaking, the Chairman/Managing Director of Exxon Mobil Companies in Nigeria,Mr. Richard Laing noted that the renewal of the Usan and Erha leases validates his company’s commitment to maintaining a significant deepwater presence in Nigeria,through Esso Exploration and Production Nigeria (Deepwater) Limited.

On his part, Chairman/Managing Director of Chevron Nigeria Limited (CNL), Mr. Rick Kennedy said Chevron is proud of its strong partnership with Nigeria and its various partners and remains also committed to supporting the country to develop its energy resources safely and reliably.

The recent negotiations will put to rest the protracted dispute between the NNPC Ltd and the Contractor Parties in Oil Mining Leases (OMLs) 125, 128, 130, 132 and 133, as well as 138 PSCs). The PSCs and their leases, except OML 130, will run for another 20 years term under pre-PIA laws, while OML130 is to be renewed under PIA terms.

The PIA in Section 31m(2) stipulates that new PSC agreements under new Heads of Terms will be signed between NNPC Ltd as Concessionaire and her Contractor Parties within one year of signing the PIA into law, giving a deadline of 15th August 2022.

This provision paved the way for the resolution of lingering disputes which created investment uncertainty and stifled new investments in the nation’s deep offshore assets.

To achieve this, NNPC Ltd leveraged on the near-end term of the PSCs and the parties’ interest to renew the PSCs as a negotiation currency in bringing the contractors to work towards trading the past for the future.

These renewed PSCs would provide several benefits such as improved long-term relationships with contractors, elimination of contractual ambiguities, especially in relation to gas terms, and enable early contract renewal amongst others.

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In a statement by Group General Manger public affairs Division NNPC Limited Garba Deen Muhammad said the signing ceremony was witnessed by the Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva; Board Members of NNPC Ltd, led by the Chairman, Senator, Margerie Chuba Okadigbo; Chief Executive of NUPRC, Engr. Gbenga Komolafe; Chief Executive of NMDPRA, Mr. Faruk Ahmed and the Executive Chairman, Federal InlandRevenue Service (FIRS), Mr. Muhammad Namu.

NNPC Ltd, PSC Contractors Resolve Disputes, Renew PSC Leases

Less than a month after the unveiling of NNPC Ltd by Mr. President, NNPC Ltd and its Production Sharing Contract (PSC) Contractors are pleased to announce the execution of fully termed agreements for the renegotiated PSCs.

During an event to mark the landmark achievement held today at the NNPC Towers in Abuja, the parties renewed their agreements in five Oil Mining Leases (OMLs 128,130,132, 133, and 138), a development that would not only unlock further investments in the upstream sector and boost investors’ confidence but would also unlock over $500bn in revenue for the country.

Group CEO, NNPC Ltd, Mallam Mele Kyari, said renegotiations of the assets were in line with the provisions of section 311 of the PIA with other improvements to the PSCs aimed at driving performance in the PSC operations.

Speaking further, Kyari said the negotiations were completed within the timeframe specified by PIA for all re-negotiated PSCs, stressing that “the “meaning of this is that there is now a great deal of clarity between NNPC Ltd and its partners in the deep water space.”

Kyari commended President Muhammadu Buhari for his leadership in providing theNNPC Ltd and its Contractors the opportunity to achieve the milestone through thePIA, thereby offering more opportunities for boosting the nation’s crude oil production and revenue base.

In his remarks, Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor described the execution of OML 133 PSC contract as significant progress towards harnessing the deep-water resources of Nigeria.

Also speaking, the Chairman/Managing Director of Exxon Mobil Companies in Nigeria,Mr. Richard Laing noted that the renewal of the Usan and Erha leases validates his company’s commitment to maintaining a significant deepwater presence in Nigeria,through Esso Exploration and Production Nigeria (Deepwater) Limited.

On his part, Chairman/Managing Director of Chevron Nigeria Limited (CNL), Mr. Rick Kennedy said Chevron is proud of its strong partnership with Nigeria and its various partners and remains also committed to supporting the country to develop its energy resources safely and reliably.

The recent negotiations will put to rest the protracted dispute between the NNPC Ltd and the Contractor Parties in Oil Mining Leases (OMLs) 125, 128, 130, 132 and 133, as well as 138 PSCs). The PSCs and their leases, except OML 130, will run for another 20 years term under pre-PIA laws, while OML130 is to be renewed under PIA terms.

The PIA in Section 31m(2) stipulates that new PSC agreements under new Heads of Terms will be signed between NNPC Ltd as Concessionaire and her Contractor Parties within one year of signing the PIA into law, giving a deadline of 15th August 2022.

This provision paved the way for the resolution of lingering disputes which created investment uncertainty and stifled new investments in the nation’s deep offshore assets.

To achieve this, NNPC Ltd leveraged on the near-end term of the PSCs and the parties’ interest to renew the PSCs as a negotiation currency in bringing the contractors to work towards trading the past for the future.

These renewed PSCs would provide several benefits such as improved long-term relationships with contractors, elimination of contractual ambiguities, especially in relation to gas terms, and enable early contract renewal amongst others.

In a statement by Group General Manger public affairs Division NNPC Limited Garba Deen Muhammad said the signing ceremony was witnessed by the Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva; Board Members of NNPC Ltd, led by the Chairman, Senator, Margerie Chuba Okadigbo; Chief Executive of NUPRC, Engr. Gbenga Komolafe; Chief Executive of NMDPRA, Mr. Faruk Ahmed and the Executive Chairman, Federal InlandRevenue Service (FIRS), Mr. Muhammad Namu.

 

 

 

 

 

 

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Senate Sets Up Committee to Harmonise Electoral Act Amendments Ahead of 2027 Polls

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By Yusuf Danjuma Yunusa

 

The Senate has constituted a seven-member ad hoc committee to harmonise and distil senators’ inputs on the proposed amendment of the Electoral Act, as lawmakers intensify efforts to strengthen Nigeria’s electoral framework ahead of the 2027 general elections.

The decision followed a three-hour closed-door executive session held on Thursday, during which senators further scrutinised the Electoral Act (Repeal and Enactment) Bill currently before the National Assembly.

Announcing the outcome of the session, Senate President Godswill Akpabio said the committee was set up to synthesise lawmakers’ views and address outstanding concerns on the proposed amendments.
He said the panel was “mandated to contribute, galvanise and distil the opinion of senators on the bill.

“In no particular order, the committee will be led by Niyi Adegbonmire, chairman of the Senate Committee on Judiciary, Human Rights and Legal Matters,” Akpabio said.

Other members of the committee are Adamu Aliero, Aminu Tambuwal, Adams Oshiomhole, Danjuma Goje, Tony Nwoye and Titus Zam.

Akpabio added that the committee has a maximum of three days to conclude its assignment and submit its report to the Senate by Tuesday.

The Senate had on Wednesday stepped down consideration of the report on the Electoral Act amendment bill, opting instead for an executive session to allow for deeper examination of the proposed legislation.

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The move followed deliberations on the report of the Senate Committee on Electoral Matters, which was presented in the absence of its chairman, Simon Lalong. Lawmakers agreed to suspend debate to give senators additional time to study the bill, citing its far-reaching implications for Nigeria’s electoral process.

Although the House of Representatives has already passed the bill, Akpabio stressed that the Senate must exercise due diligence before concurrence.

“This is a very important bill, especially as it’s election time. We must take our time to ensure justice is done to all, so that we do not end up at the tribunal,” he said.

According to the report of the Senate Committee on Electoral Matters, a clause-by-clause review indicates that the proposed amendments would strengthen electoral integrity, enhance transparency and boost public confidence in the electoral system.

The committee consequently recommended the passage of the Electoral Act (Repeal and Enactment) Bill, 2025, as amended, noting that the reforms would expand voter participation, curb electoral malpractice and strengthen the institutional capacity of the Independent National Electoral Commission.

Earlier, Senate Leader Opeyemi Bamidele outlined key components of the proposed amendments, describing the bill as a major step towards improving electoral credibility and safeguarding institutional independence.

He said the bill introduces stiffer sanctions for electoral offences such as vote-buying, including fines of up to N5m, a two-year jail term, and a 10-year ban from contesting elections.

The proposed law also prescribes tougher penalties for result falsification and obstruction of election officials, introduces electronically generated voter identification — including a downloadable voter card with a unique QR code — and mandates the electronic transmission of polling unit results.

Bamidele further disclosed that the bill recognises the voting rights of prisoners, mandates INEC to register eligible inmates, standardises delegates for indirect party primaries, and requires the release of election funds at least one year before polling day.

According to him, the reforms are aimed at guaranteeing credible, transparent and secure elections beginning with the 2027 general polls, subject to approval by at least two-thirds of state Houses of Assembly, in line with constitutional requirements.

“At the end of it all, good governance, enhanced security and the welfare of our constituents shall remain our cardinal objectives,” Bamidele said.

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Yusuf did not leave NNPP for self interest but kano state development and prosperity -NNPP

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The Dr Boniface Aniebonam led New Nigeria Peoples Party (NNPP) says Gov. Abba Yusuf of Kano State left the Kwankwasiya Movement and the party because of Sen. Rabiu Kwankwaso’s slavery intentions and not for selfish reasons.

The party also stated that the main betrayer in the saga is Kwankwaso, who betrayed the trust of the NNPP founder, Aniebonam and not Yusuf. All efforts made by Yusuf as the leader of NNPP for reconciliation were resisted out of arrogance and greed
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The party was reacting to comments by Elder Buba Galadima on Yusuf’s defection.

In a statement by its National Vice Chairman Northwest, Alhaji Sani Danmasani, the party stated: “Let the relations and families of Kwankwaso and Galadima intervene before depression will catch up with them.

“This is because a critical analysis of the condition of Galadima on Arise television suggested that something may become clinically wrong.

“The cross over of Yusuf to APC is affecting Galadima’ and Kwankwaso so much that the bitterness and pain are evident in their speeches.

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“Their pain is so much that it may result to depression if something urgently is not done . It is most likely that these great men are having sleepless nights.”

According to the party, what is striking in the details of Galadima’s expression during the session on Arise TV were his experiences, travelling by road from Enugu airport to Umuawulu town in Anambra, hometown of NNPP Founder, Aniebonam.

“Galadima’ said he got to Anambra by 2.a.m to meet Aniebonam for the purposes of getting a political platform for Kwankwaso and others against the 2023 general elections.

“Incidentally Yusuf who is a prime beneficiary of the risky trip to Umuawulu is the one found to have betrayed NNPP family to join their enemy, a former governor Kano state and APC stalwart, Ganduje.

“Galadima and Kwankwaso crying fowl of betrayal of trust were the same people who were favoured at no cost to use the NNPP platform to contest elections in 2023.

“They were the same people who betrayed Aniebonam, and fighting to hijack the party he founded 2001. They are still fighting to hijack the structure of the NNPP without conscience, yet calling Yusuf a betrayer.

“One begin to wonder why Kwankwaso and Buba Galadima are crying fowl and disturbing the peace of the society as if they do not know that God acts differently.”

It noted that Yusuf’s decision was a self defence , protection from modern slavery and undue interference from Kwankwaso in governance of Kano state.

The party said that rather than continue to lament over Yusuf, Kwankwaso and his group should seek the face of God and ask for forgiveness from those they betrayed.

The party noted that Kwankwaso’s influence in Kano politics has fizzled out, and will not affect Yusuf’s re-election in 2027.

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Hon. Bichi commissions Hagagawa Mega Primary School, employs additional 180 temporary Teachers

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Hon. Abubakar Kabir Abubakar Bichi, the member of the House of Representatives for Bichi Federal Constituency from Kano State and the chairman of the House Committee on Appropriation, has officially commissioned the reconstructed Hagagawa Mega Primary School in Bichi Local Government Area yesterday, Tuesday.

Hagagawa Primary School was established in 1930 and before the reconstruction the structure was on the verge of collapse.

In addition, the lawmaker has employed 180 more classroom teachers, who will be deployed across primary schools in Bichi Local Government.

This brings the total number of teachers employed by Hon. Bichi to 500, each earning a monthly salary of N60,000. In total, the legislator spends N₦30,000,00 monthly on teachers’ salaries, amounting to ₦360,000,000 annually.

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Speaking at the Commissioning, Hon Bichi reaffirmed his commitment to building similar model schools in Danzabuwa in Bichi north, Saye in Bichi East and Ciranci communities.

Teachers and students associations across the local government commended the lawmaker during the commissioning of the school.

As part of the reconstruction, Hon. Bichi also constructed a modern mini-stadium, upgraded classrooms, a computer lab, a modern library and recreational facilities for students to enhance extracurricular activities.

The event was attended by prominent dignitaries, including Reps. Kabir Alhassan Rurum, Reps Sagir Ibrahim Koki, Repa Abdullahi Rogo, Reps. Hussaini Kero, MD Hadejia Jamare River Basin Development, Dr. Rabiu Suleiman Bichi, DG National Productivity commi, Hon. Baffa Babba, Chairman of Bichi Local Government, Hon. Hamza Maifata, and the member representing Bichi in the Kano state assembly Hon. Lawan Shehu Bichi, SUBEB Chairman Kano, Old Students, well wishers and other community leaders.

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