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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.

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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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Senator Hanga Calls For Robust Separation Of Power, Opposes State Police

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The Senator representing Kano Central Senatorial District, Senator Rufai Sani Hanga, has called for a robust separation of powers among all organs of government, stressing the need for the executive to allow the legislature to function independently.

Senator Hanga made the remarks during an interactive session with journalists in Kano, where he spoke extensively on governance, security, and his contributions to his constituency. He emphasized that his efforts in Kano Central have been “enormous,” citing projects and initiatives he has facilitated.

Commenting on recent developments in Benin Republic, Senator Hanga described the change of government there as “unfortunate,” adding that as a politician and democrat, he hopes such undemocratic actions fail. He urged Nigeria to strengthen its democratic institutions and ensure that governance reflects true democratic values.

The lawmaker criticized the President for not allowing the National Assembly to operate freely, noting that many ministers have failed to discharge their duties effectively. “That is why the President is choked up,” he said, urging better coordination between the executive and legislature.

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On the withdrawal of police protection from VIPs, Senator Hanga argued that the President was ill-advised. He explained that members of the National Assembly are among the most targeted individuals and VIPS should have been provided with alternatives before such withdrawal.

Senator Hanga strongly opposed the creation of state police, warning that it could lead to abuse of power by governors. “Creating a state police means creating a police state where governors will use them for intimidation,” he cautioned. He further noted that both the police and army are already grappling with unpaid salaries, questioning the practicality of introducing another policing structure.

He revealed that 19 governors had backed the idea of state police, suggesting that their support may have been driven by panic rather than sound judgment.

Highlighting his contributions to Kano Central, Senator Hanga disclosed that he had proposed the establishment of a Federal University in Kura, which is awaiting presidential assent. He also announced plans to launch a programme in partnership with Kayi Bank to empower his constituents, particularly women.

According to him, Kano Central is the most populous constituency in Nigeria and faces numerous challenges, including a high rate of out-of-school children. He explained that his empowerment initiatives are designed to address these pressing issues.

Senator Hanga stated that he will not contest in the next election, declaring that he feels fulfilled with his service. “I am not going to contest the next election. I am fulfilled,” he said.

 

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Ganduje’s 12,000 Capacity Independent Hisbah Distributes Application Forms

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Independent Hisba Fisabilillah has launched the distribution of forms to 12,000 persons who were screened in 44 local government areas of Kano State from Rabiu Musa Kwankwaso’s administration to the current administration.

The Co-Chairmen of the committee who distributed the forms are former Kano State Commandant of the Hisbah Board during Ganduje’s tenure, Sheikh Muhammad Haruna Ibn Sina, and Director-General of the National Productivity Centre, Baffa Babba Dan Agundi, in Kano.

After the committee formed by the former Kano State Governor and former National Chairman of the APC, Dr. Abdullahi Umar Ganduje, completed its work, Kano State Governor, Abba Kabiru Yusuf, sought the arrest of Dr. Abdullahi Umar Ganduje for his alleged intention to launch his own security forces. But the committee that conducted the operation denied this, saying that it is the Independent Hisba Fisabilillah.

The committee added that this Independent Hisba has been operating since the tenure of former Kano Governor, Rabiu Musa Kwankwaso, when he was reluctant to implement Islamic Shari’a law at that time.

The committee stated that the Independent Hisba Fisabilillah will work in collaboration with the security agencies and will not tolerate anything that is against the law and not the work of Almighty God.

And as the committee explained, the Nigerian Constitution allows that anyone found to be acting improperly should be handed over to the appropriate authority.

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Therefore, the committee said that if he did so, then according to the Constitution of the country, he did not commit a crime.

Likewise, the committee warns anyone who joined Hisba Kwankwasiyya to leave it or go and collect this Hisba Fisabilillah form, which is free and not for sale.

The Chairman and Co-Chairman of the committee, Sheikh Haroon Sani Ibn Seena and Dr. Baffa Babba Dan Agundi, said that if the APC takes power in 2027, they will confirm that this person is not a Hisba Fisabilillah and is not a person who is doing the work of God.

Therefore, they called on them to go and collect this form so that they will not be screened and found to be non-compliant, saying that this is not Hisba Gandujiyya or Hisba Ganduje Foundation, but only Hisba Independent Fisabilillah.

After the committee formed by the former Kano State Governor and former National Chairman of the APC, Dr. Abdullahi Umar Ganduje, completed its work, Kano State Governor, Abba Kabiru Yusuf, sought the arrest of Dr. Abdullahi Umar Ganduje for his alleged intention to launch his own security forces. But the committee that conducted the operation denied this and said that it is the Independent Hisba Fisabilillah.

The committee added that this Independent Hisba has been operating since the time of former Kano Governor, Rabiu Musa Kwankwaso, when he did not implement Islamic law at that time.

The committee stated that the Independent Hisba will work in collaboration with the security forces and will not tolerate anything that is against the law and not the work of God.

And as the committee explained, the law of the land allows that anyone found to be acting improperly should be handed over to the appropriate authority.

Therefore, the committee said that if he did so, then according to the Constitution of the country, he did not commit a crime.

Likewise, the committee warns anyone who joined Hisba Kwankwasiyya to leave it or go and collect this Hisba Fisabilillah form, which is free and not for sale.

The Co-Chairman of the committee said that if the APC party takes power in 2027, he will confirm that this person is not a Hisba Fisabilillah and is not a person who is doing the work of God.

Therefore, he calls on them to go and collect the form so that they will not be screened and found to be non-compliant, saying that this is not Hisba Gandujiyya or Hisba Ganduje Foundation, but only Hisba Independent Fisabilillah.

 

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Kano Convenes Prayer Session With 4,444 Reciters

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The Kano State Government, under the leadership of Governor Alhaji Abba Kabir Yusuf, organised a special prayer session where 4,444 Qur’anic reciters devoted the entire day to supplications for lasting peace and security across the state.

This was contained in a statement signed by the governor’s spokesperson, Sunusi Bature Dawakin Tofa, on Saturday.

Kano State has, in recent weeks, experienced incidents of banditry, particularly in the Northern Senatorial District, where 15 persons were abducted and one woman was tragically killed.

According to the statement, the prayer session was held at the Government House, Kano, and brought together Qur’anic reciters, Islamic scholars, traditional rulers, and government officials to collectively pray against the enemies of the state, especially those responsible for the recent security challenges.

Governor Yusuf expressed gratitude to Almighty Allah for the successful gathering and urged the people of Kano, particularly key stakeholders, to support the government’s commitment to addressing insecurity, stressing that banditry does not distinguish between political affiliation, social status, or community.

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He recalled that the ancient city of Kano and its environs have historically enjoyed divine protection, noting that the administration will continue to embrace prayers alongside lawful measures to ensure the sustenance of peace and tranquillity.

The Governor also appealed to residents to engage in personal prayers, especially during the late hours of the night, for lasting peace and stability in Kano State and across the country.

Governor Yusuf further commended the security agencies for their continuous support and sacrifices, emphasising that cooperation between the agencies and the present administration remains cordial and effective.

In his remarks, the Emir of Kano, Khalifa Muhammad Sanusi II, thanked Almighty Allah for the successful prayer gathering and called on the people of Kano to remain united in supporting government efforts toward restoring peace for the collective good.

The Emir also appreciated Governor Yusuf’s recent visit to affected communities alongside heads of security agencies, describing the action as timely and reassuring.

Sheikh Muhammad Sani Ashir led the prayers.

Leaders of various Islamic sects, including Sheikh Tijjani Bala Kalarawi, Sheikh Dr. Muhammad Sani Ashir, Sheikh Adam Abba Koki, Sheikh Bazallah, Sheikh Nasir Kabara, Sheikh Abdullahi Uwaisu Madabo, Sheikh Dr. Mujitaba Abdulkadir Bauchi, and Gwani Lawi Gwani Dankillori Maiduguri, emphasised the urgent need for continuous prayers to overcome the security challenges facing the state.

They commended Governor Yusuf for combining physical security efforts with spiritual interventions, describing the approach as bold, holistic, and reassuring to the people of Kano.

 

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