identified as a Panacea to the Nation's Petroleum Sector as well as help in Curbing and Checkmating the Excessive wastages currently being experienced in the Oil Sector.
Nigeria's pioneer female Petroleum Minister, Mrs. Diezani Alison-Madueke in her quest to cleanse the sector had in the first quarter of this year commissioned a Petroleum Special Task Force headed by a former Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Nuhu Ribadu, to amongst other duties determine and verify all petroleum upstream and downstream revenues (taxes, royalties, etc.) due and payable to the federal government.
The report of the task force part of which was cited by Reuters in a news report revealed loses in revenue and royalties to the federal government, as well as other lapses in the sector including exposing billions of dollars in unpaid debts owed Nigeria by some foreign oil companies.
The report also concluded that oil majors Shell, Total and Eni made bumper profits from cut-price gas, adding that Nigerian oil ministers handed out oil licences at their own discretion, though the practice is legal.
However, Investigations by ipaidabribenaija.com revealed that there has been no discretional award of oil blocks under this present administration contrary to the reports published in the media recently.
The 146-page report according to Reuters said hundreds of millions of dollars paid as signature bonuses for the licenses are untraceable.
But the PIB before the National Assembly can fix all the lapses in the management of Nigeria's oil resources, especially those highlighted in the report of the special task force.
Some of the aims of the PIB before federal legislators include: promoting transparency and openness in the administration of petroleum resources; creating efficient and effective regulatory agencies – the Downstream Petroleum Regulatory Agency, the Petroleum Technical Bureau and the Upstream Petroleum Inspectorate, which will have sweeping powers to "keep registers of all leases, licences, permits, and other authorizations issued by the Inspectorate or the Minister of Petroleum for upstream petroleum operations, and any renewals, amendments, extensions, suspensions and revocations thereof." It will also carry out enquiries, tests, audits or investigations and take such steps as may be necessary to monitor the activities of the holders of leases, licences, permits and other authorizations to secure and enforce compliance with the terms and conditions.
Before the administration of President Umaru Musa Yar'Adua and current President Goodluck Jonathan, oil blocks were mostly awarded discretionally without any competitive bidding processes.
In 2005, Oando was awarded OPL 236 measuring 1651.98 at the discretion of erstwhile President, General Olusegun Obasanjo.
Same year, the former President awarded OPL 302, measuring 1639.46 to Alfred James Nigeria Limited, while NorthEast Petroleum Limited belonging to Alhaji Mohammed Saleh Jambo was awarded OPL 215, measuring 2586.2.
Singling out current President Goodluck Jonathan and Petroleum Minister Diezani Allison-Madueke for the several years of corruption and decay in the petroleum sector is unfair and will not clean up the mess.
The path to cleaning up the sector started when the minister commissioned the Petroleum Special Task Force, which has submitted its findings.
The task force made up of a former Head of Service of the Federation, Mr. Steve Oronsaye; Director of Mobil Oil Nigeria Plc, Mallam Abba Kyari; Mr. Olisa Agbakoba, SAN; Ms. Benedicta Molokwu, Mr. Supo Sasore, SAN; Mr. Tony Idigbe, SAN; Mr. Anthony George-Ikoli, SAN; Dr. Omolara Akanji; and Mr. Ituah Ighodalo amongst others was handed the following terms of reference:
"• To work with consultants and experts to determine and verify all petroleum upstream and downstream revenues (taxes, royalties, etc.) due and payable to the Federal Government of Nigeria;
• To take all necessary steps to collect all debts due and owing; to obtain agreements and enforce payment terms by all oil industry operators;
• To design a cross debt matrix between all agencies and parastatals of the Federal Ministry of Petroleum Resources;
• To develop an automated platform to enable effective tracking, monitoring, and online validation of income and debt drivers of all parastatals and agencies in the Federal Ministry of Petroleum Resources; and
• To submit monthly reports for ministerial review and further action."
However, this administration must recover all outstanding debts and missing moneys as revealed in the report.
Ipaidabribenaija.com enjoin all well meaning Nigerians to solicit for the speedy Passage of the Petroleum Industry Bill (PIB) by the National Assembly as it has been clearly identified as been very vital to the Sanitization of the Nation's Ailing Petroleum Sector as well as rescuing Nigeria from the Stranglehold of endemic corruption in the Petroleum Sector which is the main-stay of the Nation's Economy.
Comments
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All whimps and cadmisms of government should join hands to effect the bill. It is a great step to the growth of the Nigeria economy and the petroleum industry at large.
Regards,
Allen Pawlenty
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
I am in support of the impending revolution. Look at all the children of of the former rulers of our nation, they too have learnt the ropes of siphoning the wealth of this nation. While their parents are still seeking relevance by occupying political positions, the children are using their influence to steal the wealth of our nation dry.
God could deliver us by way of sending a young ruthless cleanser into our country.
they expect God to clear their gutters after flood,
to clear their church after terror attacks,
to clear their Government offices after occupation by corrupt enemies.
All they do is prayer.
to prove that nothing works including prayers come to Nigeria.
Na today?
When all the pastors and executives are aspiring for the same thing,
amassing wealth at the expense of poor nigerians looking for 'solutions.
I just pity the prayer mantis.
u know religion is politics according to majek fashek
How can you really pray in this condition,I just pity the prayer mantis(Nigerians)
my prayer is" O lord change Our leaders either in mindset or replacement with the right people
Help wwe the folowers with courage,strengt h and determination to do what we ought to do"
the story is always the same,let us change it now else some maniac will change it with the support of
some foreign capitalist.
GOD has bless our country with everything talk abt anything we have it those on top are crooks the don't want to shares our right because of injustice here in our dear bless country.
you can contact him on email. ayelalaoracletemple
Dalyop Jonathan Bok, Jos
e
Corruption in Nigeria starts from the presidency and they are there chasing shadows, and feel that they are deceiving the poor. Pure lie, they are playing games with their own generation. I know, and sincerely beleive that the BOMB will explode one day..........
I BELIEVE THAT NIGERIA IS A FINE COUNTRY WITH SO MUCH POTENTIAL,AND IF ONLY THE PRESENT GOVERNMENT COULD AND WOULD DEAL WITH THE ISSUES ON GROUND DE-HARMONIZING THE UNITY OF THE NATION;NIGERIA, TRUE LEADEDSHIP,GOOD GOVERNANCE AND SELF-ACTUALISM WILL OCCUR ,BECAUSE THE CURRENT SITUATION ON GROUND(TAKE FOR INSTANCE THE FLOOD ISSUE COMING DIRECTLY IN SELF AGGRAVATIZING STEPS JUST DURING THE BOKO HARAM SAGA,AND PLANE CRASH SAGA),WILL NOT ALLOW FOR NEW CORRELATING MOVES AND APPREHENDED CONDUCTS OF MISCREANCY AND DEMOBILIZATION OF GOVERNMENT FUNDS,SELF-AGGR ANDIZEMENTS OF THE ILLICIT WAY-IMPLEMENTIN G SELVES OF MEN AND WOMEN ALIKE IN THIS NATION,THEREWIT H,DESTABILIZING US WITH CORRUPTION.
I FOR ONE,DO NOT WANT TO DWELL COMPLETELY ON THE MAJOR- GAME -PLAYING POLITICS BECAUSE OF THE MUCH I HAVE ALREADY SEEN IN MALTA AS A 2007,DECEMBER,P RESIDENTIAL CANDIDATE.PERHA PS, WHEN THE FLOOR IS SMOOTH,THEN TRUE LEADERSHIP WILL ARISE AMONGST YOUTHS OF NIGERIA.
WELL,AS FOR THE PETROLEUM MINISTRY,I DO NOT KNOW MUCH ABOUT PETROLEUM RESOUCES.YET,I CAN STATE THAT YOU ARE DOING JUST FINE FOR A WOMAN OF STATUS AND COURAGE{OF COURSE I KNOW OUR WOMEN IN LEADERSHIP POSITIONS IF NOT A FEW..,}!TRY TO SEE THAT THE CORRUPTION AND IMBALANCES IN THE SYSTEM IS CLOSELY MONITORED SEQUENTIALLY AND THEN PROVE YOUR CONDUCTS OFFICIALLY,THEO RISE YOUR HYPOTHESIS AND SCORE A GOAL FOR FAME AND SELF-ACTUALIZAT ION WITHIN YOURSELF AND MINISTRY AND TRY TO ACHIEVE REPUTABLY AND YOU WILL ARRIVE AT YOUR END'S DESTINATION.
THANK YOU AND GOD BLESS.
YOURS IN THE VINEYARD OF GOD,
KING.E. DR.MISS.ROSELLE EBIFANYO BOKOLO 'AKA'' ARKE" ONE OF THE .R.C.Z. OF THE GLOZEZ.
GOD BLESS YOUR LOVE TOWARDS THIS NATION:---HAIL NIGERIA;HAIL!
----HAIL THE PETROLEUM MINISTRY;HAIL!
----HAIL THE CONSTITUENCIES OF THIS ONE NIGERIA;HAIL!
AND FINALLY, HAIL THE INCUMBENT PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA;HAIL,HA IL.HAIL,HAIL,HA IL,HAIL,HAIL,AL L WE ARE SAYING ,GIVE US ONE COMMON LEADERSHIP TRAIT AND GOAL,PURPOSE,DR EAM,ACHIEVEMENT AND MANAGEMENT CAPABILITY BECAUSE YOU ALL AS OUR LEADERS, ARE ALL VERY STRONG AND CAPABLE BY GOD'S GRACE AND LOVE BESTOWED UPON THIS NATION AND YOU ALL COLLECTIVELY!
"ONCE MORE I,ARKE ONE SAYS KUDOS TO MRS.DIEZANI ALISON [censored]UEKE AND THE FEDERAL REPUBLIC OF NIGERIA,AMEN!"
I BELIEVE THAT NIGERIA IS A FINE COUNTRY WITH SO MUCH POTENTIAL,AND IF ONLY THE PRESENT GOVERNMENT COULD AND WOULD DEAL WITH THE ISSUES ON GROUND DE-HARMONIZING THE UNITY OF THE NATION;NIGERIA, TRUE LEADEDSHIP,GOOD GOVERNANCE AND SELF-ACTUALISM WILL OCCUR ,BECAUSE THE CURRENT SITUATION ON GROUND(TAKE FOR INSTANCE THE FLOOD ISSUE COMING DIRECTLY IN SELF AGGRAVATIZING STEPS JUST DURING THE BOKO HARAM SAGA,AND PLANE CRASH SAGA),WILL NOT ALLOW FOR NEW CORRELATING MOVES AND APPREHENDED CONDUCTS OF MISCREANCY AND DEMOBILIZATION OF GOVERNMENT FUNDS,SELF-AGGR ANDIZEMENTS OF THE ILLICIT WAY-IMPLEMENTIN G SELVES OF MEN AND WOMEN ALIKE IN THIS NATION,THEREWIT H,DESTABILIZING US WITH CORRUPTION.
I FOR ONE,DO NOT WANT TO DWELL COMPLETELY ON THE MAJOR- GAME -PLAYING POLITICS BECAUSE OF THE MUCH I HAVE ALREADY SEEN IN MALTA AS A 2007,DECEMBER,P RESIDENTIAL CANDIDATE.PERHA PS, WHEN THE FLOOR IS SMOOTH,THEN TRUE LEADERSHIP WILL ARISE AMONGST YOUTHS OF NIGERIA.
WELL,AS FOR THE PETROLEUM MINISTRY,I DO NOT KNOW MUCH ABOUT PETROLEUM RESOUCES.YET,I CAN STATE THAT YOU ARE DOING JUST FINE FOR A WOMAN OF STATUS AND COURAGE{OF COURSE I KNOW OUR WOMEN IN LEADERSHIP POSITIONS IF NOT A FEW..,}!TRY TO SEE THAT THE CORRUPTION AND IMBALANCES IN THE SYSTEM IS CLOSELY MONITORED SEQUENTIALLY AND THEN PROVE YOUR CONDUCTS OFFICIALLY,THEO RISE YOUR HYPOTHESIS AND SCORE A GOAL FOR FAME AND SELF-ACTUALIZAT ION WITHIN YOURSELF AND MINISTRY AND TRY TO ACHIEVE REPUTABLY AND YOU WILL ARRIVE AT YOUR END'S DESTINATION.
THANK YOU AND GOD BLESS.
YOURS IN THE VINEYARD OF GOD,
KING.E. DR.MISS.ROSELLE EBIFANYO BOKOLO 'AKA'' ARKE" ONE OF THE .R.C.Z. OF THE GLOZEZ.
GOD BLESS YOUR LOVE TOWARDS THIS NATION:---HAIL NIGERIA;HAIL!
----HAIL THE PETROLEUM MINISTRY;HAIL!
----HAIL THE CONSTITUENCIES OF THIS ONE NIGERIA;HAIL!
AND FINALLY, HAIL THE INCUMBENT PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA;HAIL,HA IL.HAIL,HAIL,HA IL,HAIL,HAIL,AL L WE ARE SAYING ,GIVE US ONE COMMON LEADERSHIP TRAIT AND GOAL,PURPOSE,DR EAM,ACHIEVEMENT AND MANAGEMENT CAPABILITY BECAUSE YOU ALL AS OUR LEADERS, ARE ALL VERY STRONG AND CAPABLE BY GOD'S GRACE AND LOVE BESTOWED UPON THIS NATION AND YOU ALL COLLECTIVELY!
"ONCE MORE I,ARKE ONE SAYS KUDOS TO MRS.DIEZANI ALISON [censored]UEKE AND THE FEDERAL REPUBLIC OF NIGERIA,AMEN!"
God help Nigeria.
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