PRESIDENT BUHARI DIRECTS INCORPORATION OF NNPC LTD, APPOINTS BOARD
President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited.
This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company.
The Group Managing Director of the NNPC, Mr Mele Kolo Kyari, has, therefore, been directed to take necessary steps to ensure that the incorporation of the NNPC Limited is consistent with the provisions of the PIA 2021.
Also, by the power vested in him under Section 59(2) of the PIA 2021, President Buhari has approved the appointment of the Board and Management of the NNPC Limited, with effect from the date of incorporation of the Company.
Chairman of the Board is Senator Ifeanyi Ararume, while Mele Kolo Kyari and Umar I. Ajiya are Chief Executive Officer, and Chief Financial Officer, respectively.
Other Board Members are; Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Senator Margaret Chuba Okadigbo (South East), Barrister Constance Harry Marshal (South South), and Chief Pius Akinyelure (South West).
Femi Adesina
Special Adviser to the President
(Media and Publicity)
September 19, 2021
THE CIRCUMSTANCES UNDER WHICH DR MAILAFIA DIED, BY MIDDLE BELT FORUM
The death of the former Deputy Governor of the Central Bank of Nigeria (CBN) at the University of Abuja Teaching Hospital Gwagwalada, Abuja this morning came to us as a great shock. As someone who relentlessly participated in the activities of the Middle Belt Forum (MBF), his untimely death has dealt a deadly blow on ethnic nationalities of not only the Middle Belt but the country at large.
Arising from various enquiries from Nigerians over the circumstances of his death, the Forum wishes to state as follows: That Dr Mailafia arrived Abuja last Sunday September 12, 2021 from Akure and was received at the Nnamdi Azikiwe International Airport by his wife.
On arrival at home, the wife noticed he was not in the best of health conditions and seemed to be suffering from malaria. After three days of treatment without signs of improvement, he went to the CBN Hospital on Friday September 17, 2021 where he was shabbily treated. It took the intervention of a senior medic who immediately placed him on oxygen and admitted him.
Dr Mailafia’s was later given the option of choosing three hospitals: Gwagwalada Hospital, National Hospital and EHA Clinics. The wife opted for the third choice. On arrival at the EHA Clinics, the wife was subjected to yet another moment of anxiety as it took a direct order from the top management of the hospital to accept him.
After few hours of treatment, the EHA Clinics told the wife that it was expedient to transfer the former CBN Deputy Governor to Gwagwalada as the clinic was not fully equipped to handle the case.
The wife opposed the decision and insisted that she was opposed to the idea of taking her husband to Gwagwalada. Mailafia’s wife only succumbed when the consultant assured her that nothing bad will happen to her husband.
Yesterday, Saturday September 18, 2021, Dr Obadiah was transferred to Gwagwalada. On arrival, the name of the doctor that was billed to attend to Dr Mailafia was not on duty. Even when an attempt was made by foreign health consultants to save the situation, the doctor on duty got angry and said he was not obligated to listen to any foreign consultants that had been brought into the matter with the sole purpose of ensuring nothing goes wrong.
Wife of the former CBN Deputy Governor was asked to pay the sum of N600’000 as deposit even when it was a referral case, with accruing medical bill to be settled by the CBN. At a point, Dr Mailafia complained over his breathing problems and pleaded with the doctors to place him in a ventilator. The doctors flatly refused.
Even after the doctors declared Dr. Mailafia dead, foreign consultants who were brought into the matter through Dr Mailafia’s son that is living abroad, had directed a family member who is a medical professional, with the wife of the CBN Deputy Governor, to mount pressure on the chest of Dr. Mailafia for resuscitation and thereafter place him on a life support.
The doctors in Gwagwalada refused all entreaties by the family members of Dr Mailafia to follow the advice of the foreign consultants, insisting that they have already pronounced him dead. Even when the wife could feel the pulse of her husband, the doctor flatly declared there was nothing they could do since they had already pronounced him dead.
While the above narration sums up the circumstances under which Dr Mailafia died, we still await the result of the actual cause of his death. As a nationalist and patriot that he was, Dr. Mailafia was completely dedicated to the emancipation of ethnic nationalities from the clutches of oppression. The economist was never afraid to speak truth to power just as he remained committed to the enthronement of justice and equity to all citizens across ethnic and religious divides.
In the twilight of his life, this consummate technocrat and global scholar of repute beamed his searchlight on the raging insecurity ravaging our country. He expressed regrets over government’s incapacity to rein in the activities of insurgents and criminal groups terrorising the nation.
As a former presidential candidate in the 2019 poll, Dr Mailafia sought to deploy politics to bring about the dream he had for his country. Even after he lost the election, he never let down the bar in demanding for a fair treatment for all Nigerians.
The Forum recalls his patriotic zeal in standing up for truth and justice. He was never a letdown in being at the forefront of showing the way for national greatness as he was willing to lay down his life for Nigeria.
The Forum is inspired by his altruistic disposition and contributions to national development. We remain proud of his footprints on the political, economic and social sands of our nation.
In this period of grief, we extend our sympathy to his immediate family members and pray to the Almighty God to grant each and every one of them the fortitude to bear the pain of this irreparable loss.
The death of Dr Mailafia today represents a dark day for not only the Middle Belt but also for all citizens who yearn for a new dawn for justice in Nigeria.
Signed:
DR ISUWA DOGO
(National Publicity Secretary)
Sunday September 19, 2021)
SERAP asks Lawan, Gbajabiamila to reject Buhari’s fresh request to borrow $4bn, €710m
Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President Dr Ahmad Lawan, and Speaker of House of Representatives Mr Femi Gbajabiamila to reject the fresh request by President Muhammadu Buhari to borrow $4 billion and €710 million until the publication of details of spending of all loans obtained since May 29, 2015 by the government.”
President Buhari recently sought the approval of the National Assembly to borrow $4,054,476,863 billion and €710 million, on the grounds of “emerging needs.” The request was contained in a letter dated 24 August, 2021.
In an open letter dated 18 September 2021, and signed by SERAP deputy director Kolawole Oluwadare, the organization expressed “concerns about the growing debt crisis, the lack of transparency and accountability in the spending of loans that have been obtained, and the perceived unwillingness or inability of the National Assembly to vigorously exercise its constitutional duties to check the apparently indiscriminate borrowing by the government.”
SERAP said: “The National Assembly should not allow the government to accumulate unsustainable levels of debt, and use the country’s scarce resources for staggering and crippling debt service payments rather than for improved access of poor and vulnerable Nigerians to basic public services and human rights.”
According to SERAP, “Accumulation of excessive debts and unsustainable debt-servicing are inconsistent with the government’s international obligations to use the country’s maximum available resources to achieve progressively the realisation of economic and social rights, and access of Nigerians to basic public services.”
The letter, read in part: “The country’s public debt has mushroomed with no end in sight. The growing national debt is clearly not sustainable. There has been no serious attempt by the government to cut the cost of governance. The leadership of the National Assembly ought to stand up for Nigerians by asserting the body’s constitutional powers to ensure limits on national debt and deficits.”
“SERAP urges you to urgently propose a resolution and push for constitutional amendment on debt limit, with the intent of reducing national debt and deficits. This recommendation is entirely consistent with the constitutional oversight functions and spending powers of the National Assembly, and the country’s international anti-corruption and human rights obligations.”
“Indiscriminate borrowing has an effect on the full enjoyment of Nigerians’ economic and social rights. Spending large portion of the country’s yearly budget to service debts has limited the ability of the government to ensure access of poor and vulnerable Nigerians to minimal health care, education, clean water, and other human needs.”
“Should the National Assembly and its leadership fail to rein in government borrowing, and to ensure transparency and accountability in the spending of public loans, SERAP would consider appropriate legal action to compel the National Assembly to discharge its constitutional duties.”
“The National Assembly under your leadership has a constitutional responsibility to urgently address the country’s debt crisis, which is exacerbated by overspending on lavish allowances for high-ranking public officials, lack of transparency and accountability, as well as the absence of political will to recover trillions of naira reported to be missing or mismanaged by the Office of the Auditor-General of the Federation.”
“The National Assembly should stop the government from borrowing behind the people’s backs. Lack of information about details of specific projects on which loans are spent, and on loan conditions creates incentives for corruption, and limits citizens’ ability to scrutinise the legality and consistency of loans with the Nigerian Constitution of 1999 (as amended), as well as to hold authorities to account.”
“SERAP notes that if approved, the country’s debts will exceed N35 trillion. The government is also reportedly pushing the maturity of currently-secured loans to between 10 and 30 years. N11.679 trillion is reportedly committed into debt servicing, while only N8.31 trillion was expended on capital/development expenditure between 2015 and 2020.”
“Ensuring transparency and accountability in the spending of loans by the government and cutting the cost of governance would address the onerous debt servicing, and improve the ability of the government to meet the country’s international obligations to use maximum available resources to ensure the enjoyment of basic economic and social rights, such as quality healthcare and education.”
The letter was copied to chairmen of the Public Accounts Committees of the National Assembly.
Kolawole Oluwadare
SERAP Deputy Director
19/9/2021
Lagos, Nigeria
Emails: info@serap-nigeria.org; news@serap-nigeria.org
Twitter: @SERAPNigeria
Website: www.serap-nigeria.org
For more information or to request an interview, please contact us on: +2348160537202
