PRESIDENT BUHARI SIGNS PETROLEUM INDUSTRY BILL INTO LAW
President Muhammadu Buhari has signed the Petroleum Industry Bill 2021 into law.
Working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday August 13, the President assented to the Bill Monday August 16, in his determination to fulfill his constitutional duty.
The ceremonial part of the new legislation will be done on Wednesday, after the days of mandatory isolation would have been fulfilled.
The Petroleum Industry Act provides legal, governance, regulatory and fiscal framework for the Nigerian petroleum industry, the development of host communities, and related matters.
The Senate had passed the Bill on July 15, 2021, while the House of Representatives did same on July 16, thus ending a long wait since early 2000s, and notching another high for the Buhari administration.
Femi Adesina
Special Adviser to the President
(Media and Publicity)
August 16, 2021
PRESIDENT BUHARI GREETS FORMER PRESIDENT, GEN. IBRAHIM BADAMASI BABANGIDA AT 80
President Muhammadu Buhari sends birthday greetings to former President Ibrahim Babangida, wishing him a “long and healthy life”, as he marks his 80th birthday.
President Buhari notes that as former military commanders during the war, both retiring as Generals, they have mutual interests, great hopes and expectations in a strong and united Nigeria.
President Buhari expresses hope that privileged Nigerians like President Babangida and others like himself will recommit to ongoing efforts to help the nation to reach more glory, progress, and prosperity.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
August 16, 2021
PRESIDENT BUHARI CONGRATULATES PRESIDENT-ELECT OF ZAMBIA
President Muhammadu Buhari congratulates the President-elect of Zambia, Hakainde Hichilema, on his victory in the presidential election of August 12, 2021.
The President applauds the people of Zambia who came out in their numbers to exercise their civic rights, voting candidates of their choice, signposting that the prospect of a united, stable and prosperous Africa lies in the power of the people to freely elect their leaders.
President Buhari commends President Edgar Lungu for accepting the outcome of the election and a peaceful transfer of power, noting that this patriotic disposition deserves the praise of all lovers of democracy.
Highlighting the close and historic relationship between Nigeria and Zambia, the Nigerian leader looks forward to working very closely with the Zambian President-elect for the peace, development and prosperity of both nations, and in the common commitment to promote the goals and objectives of our African Union (AU).
Femi Adesina
Special Adviser to the President
(Media & Publicity)
August 16, 2021
AMCON Gives Undertaking To Court On NICON
Assets Management Corporation of Nigeria (AMCON) on Monday in a federal High Court sitting in Abuja gave an undertaking not take any further steps in respect of NICON Insurance and the Nigeria Re.
This was made known to newsmen by Barrister Jimoh Ibrahim on Monday.
The attorney to AMCON told the court that the issuance of form 48 deversitated The corporation when it was received.
According to the attorney, everyone started running up and down.
The court, therefore, declined the prayer of AMCON to set aside Form 48 that was issued for committer to prison on notice of disobedience of court order.
Also, the court held that the order stayed and subsequently accepted the undertaking from AMCON that it would obey the court order and would not do anything to the contrary.
Jimoh Ibrahim had dragged AMCON to court challenging its plan to constitute management of the two corporate organizations.
The court, however, adjoined the matter till September 8, 2021.
Press Statement
RIWAMA Sole Administrator, Bro Obuah Rejoices With Former Governor Odili @ 73
…Says He’s Patriotic, Exemplary Nigerian
As former Rivers State Governor, Sir Dr. Peter Odili marked his birthday anniversary Sunday, August 15, 2021, the Sole Administrator, Rivers State Waste Management Agency, RIWAMA, Bro Felix Obuah joined well-meaning friends and fans from across the globe to celebrate an accomplished leader whose landmark achievements and contributions to the development of the State remain a reference point in the history of the State.
Bro Obuah while thanking God over the weekend for the life of Dr Odili, described him as a patriotic, exemplary and selfless leader who has dedicated all his life in service to humanity and God.
Bro Obuah who has remained an ardent supporter and admirer of the former Governor, said he is proud of associating with Dr. Odili and family and has always believed in his philosophy of giving to the society, particularly the down-trodden.
He noted that Dr. Odili’s 73rd birthday anniversary was an exciting event, following his exceptional contributions to the development of Rivers State and Nigeria as well as his support for the Nyesom Wike administration.
Describing him as a dependable pillar, trustworthy leader and farther, Bro Obuah thanked God for the life and services of Dr. Odili, stating that the State and Nigeria have benefited immensely from his fatherly advice and prayed God to continue to give him good health, wisdom and keep him for Rivers people to continue to tap from his wealth of experience and service to humanity, which he joyfully offers.
Jerry Needam
Special Adviser on Media and Publicity to
Bro. Felix Obuah, Sole Administrator,
Rivers State Waste Management Agency (RIWAMA).
Monday, August 16, 2021.
JULIUS BERGER BAGS TETFUND’S TOP TAX PAYER AWARD FOR THE COUNTRY’S CONSTRUCTION SECTOR
“The Award to Julius Berger is a well-deserved recognition for the company’s patriotism and loyalty to the ideals setting up TETFund.”
– Kashim Imam, Chairman of TETFund’s Board of Trustees
The Tertiary Education Trust Fund, TETFund, Thursday in Lagos honoured Nigeria’s leading engineering construction company, Julius Berger Nigeria Plc. with an ‘Award of Merit’ for being “The top Tax payer organisation in Nigeria’s Construction Sector”.
The event was the 3rd Edition of TETFund’s Tax Payers Forum held at the five-star Lagos Continental Hotel, Victoria Island and had in attendance the Lagos State Governor, Babajide Sanwo-Olu ably represented by his deputy, Dr. Kadiri Obafemi Hamzat.
In hi
s welcome address, the Executive Secretary of TETFund, Prof. Suleiman Elias Bagoro, said inter alia, “…in trying to fulfil its constitutional roles, TETFund identified the critical mass of tax payers, especially the top ones. We then came here to appreciate these key tax payers, particularly the ones receiving Awards of Merit today….the 2% education tax is annually remitted by companies through the Federal Inland Revenue Service, FIRS, to TETFund for allocation and onward disbursement to beneficiary institutions of higher learning across the country,” Bagoro added.
Lagos state deputy Governor reinforced the Executive Secretary, Bagoro’s voice saying that the event was TETFund’s own way of “encouraging the trust of tax payers” even as he urged the organisation to do more to attract more taxpayers in fulfilment of the amended Act No. 16 of 2011 that established the Fund.
The Chairman of TETFund’s Board of Trustees who presented the award to Julius Berger, declared the award as “a well-deserved recognition for the company’s patriotism and loyalty to the ideals setting up TETFund.” He also encouragingly said that, “companies so recognised must not relent in continuing the great job they are doing with their compliant tax remittances.”
Speaking after he received the Award on behalf of Julius Berger, the head of the company’s Tax Department, Muniru Haruna, remarked that, “…we feel honoured by TETFund’s recognition of Julius Berger as one of the most consistently compliant and, in fact, highest tax payer in the country’s construction sector. At Julius Berger, we seriously honour our tax obligations as a patriotic duty. We thank and appreciate TETFund for acknowledging our long standing commitment and compliance by this award”. Officials from the Media Relations Office of Julius Berger Plc also attended the event in Lagos.
Other dignitaries at the event included the Vice Chancellor of University of Lago, Prof. Oluwatoyin T. Ogundipe who delivered the keynote address; co-founder of EKO Hospital, Olorogun Sunny Kuku who represented the Minister of Education, Mallam Adamu Adamu; and representatives of the Senate and House of Representatives respective Committees on Education and TETFun
