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PIA Act Designed For Money, Contracts Sharing, Says Agbakoba

Published

2 years ago

July 11, 2024

A Senior Advocate of Nigeria, Dr Olisa Agbakoba, has said the provisions of the Petroleum Industry Act were designed for money and contract sharing and not the country’s development.

He also challenged politicians and other stakeholders to highlight one successful commercialised or privatised government entity in Nigeria.

He alleged that privatized Nigerian-owned entities are for the benefit of a few individuals rather than the entire Nigerians.

Explaining his stance against the Petroleum Industry Act while featuring on Arise TV’s Morning Show on Thursday, the legal luminary insisted that the PIA was designed for revenue sharing for the benefit of a few individuals.

He said, “The big question is if the PIA is such a fantastic bill, why are we having fuel scarcity that I first experienced in 1972. Why is it continuing? So something is wrong. There was a misconception and I regret I was part of the misconception that commercialisation necessary means efficiency, it doesn’t.”

According to him, China does not commercialise anything, China runs state capitalism. Saudi Arabia and Aramco also run state capitalism.

Agbakoba said, “So, I personally retract what I felt initially that commercialisation and privatisation are vehicles of development, they are not in so far as Nigeria is concerned.

“Because I will challenge anybody to show me one successful privatised entity since this started in 2000. What has happened is that the state enterprises have been privatised into private pockets of individuals. Nothing has come to Nigerians as specified in Section 14 and we remain very poor. Poverty is everywhere to the point… we must be careful about food riots.

“How can Section 64 of the PIA appropriate our federal revenue to the NNPCL? Section 64 (of PIA) allows the NNPCL to draw money outside Section 62 of the Constitution that says all resources, whether taxed or not taxed shall be paid into the federation account. But section 64 of the PIA, a lower law to the Constitution enables the NNPCL to draw out money and you want me to support it?”

The former Nigerian Bar Association president added, “Now, what I see in this thing (PIA) is the usual ‘chop chop’ and contract sharing. PIA is designed to be a sharing thing. I am positing that the surrender of our national resources to IOCs in the context of production-sharing contracts or joint ventures contradicts the meaning of my sovereignty given to me in Section 14. What did the IOC come here to do? It is just to make money. So, the joint ventures enable the IOCs to take their own share and the government to take its own share.

“Neither the government nor the IOCs have developed Nigeria. So, I am saying we should move from contract oil which is all about sharing and nothing about development. There is not a word in the PIA apart from the host communities that talk about the people of Nigeria. So, how can that be a bill or a law that is for the good of Nigeria and Nigerians? So, that’s my general concept on why the PIA should go.”
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NAF Launches Attack On Terrorists In Borno

Published

1 day ago

January 10, 2026

Editor

The Nigerian Air Force, NAF, operating as part of the joint task force of Operation Hadin Kai, has carried out a coordinated air interdiction at AbbagaJiri in the Timbuktu Triangle, Borno State.

According to Air Commodore Ehimen Ejodame, Director of Public Relations and Information of NAF, the air strikes successfully paved the way for ground troops.

He explained that the operation was based on actionable intelligence from multiple sources, which confirmed the presence of terrorists, their structures, and concealed logistics facilities in the area.

Ejodame stated that NAF air assets were deployed in integrated surveillance and precision strike roles to target identified threats.

The operation aimed to degrade terrorist capabilities, deny them sanctuary, and shape the battlefield for ground forces, all while strictly adhering to rules of engagement and protecting civilians.

He added, “The Identified terrorist structures were decisively engaged and destroyed, denying the terrorists freedom of action, while a follow-up engagement neutralised armed elements observed converging on the location.”

“Subsequent advances by ground troops into the area confirmed the effectiveness of the air strikes and validated the success of the joint air–land operation.”

Speaking on the mission, Chief of the Air Staff (CAS), Air Marshal Sunday Aneke, said, “The success of the mission reflects the NAF’s resolve to dominate the air domain in support of joint operations.”

Aneke further emphasized that the operation highlighted the service’s commitment to providing precise and decisive air power in support of ground forces.

In his words, “We will continue to deny terrorists freedom of movement, sanctuary, and logistics wherever they seek to hide. Air operations will remain relentless and intelligence-driven.”

“Our operations are carefully planned and intelligence-led, ensuring maximum effect on hostile elements while safeguarding innocent civilians.”

“The Nigerian Air Force will sustain pressure until terrorist networks are completely dismantled.”

He further noted that the operation showcased NAF’s aggressive stance, precision employment of airpower, and dedication to sustained joint operations.

Aneke added that such missions play a crucial role in enabling ground troops to maintain momentum and deliver decisive outcomes against terrorist networks threatening lives, property, and Nigeria’s national security.

News

Lagos Parks To Close For Maintenance – State Govt

Published

1 day ago

January 10, 2026

Editor

The Lagos State Parks and Gardens Agency, LASPARK, has announced that all public parks under its management across the state will be temporarily closed for routine maintenance and upgrades.

In a statement released on January 9 and shared via its official platforms early Saturday, LASPARK said, “All parks under our management will be closed to the public from January 12 to January 31, 2026.

“This follows increased visitor activity during the recent festive season.”

The agency listed several popular recreational spots that will be affected, including “Ndubisi Kanu Park, Alausa JJT Park, Dr. Finnih Abayomi Park in Oregun, and all other LASPARK-managed parks across Lagos State.”

News

PAP Sends Additional 34 Foreign Post-graduate Scholarship Beneficiaries To UK Varsities

Published

2 days ago

January 9, 2026

Editor

The Presidential Amnesty Programme (PAP) has deployed an additional 34 foreign post-graduate scholarship beneficiaries to various universities in the United Kingdom for the 2025-2026 academic year.

This was contained in a statement made available to newsmen in Warri by Mr Igoniko Oduma, Special Assistant on Media to Dr. Dennis Otuaro, the Administrator, PAP.

According to the statement, the scholars’ programmes include data science, fintech analytics, cyber security, international energy law and policy, construction project management, public health, agri-food technology, electrical and petroleum engineering, among others.

The statement added that more foreign post-graduate scholars will be sent to UK universities in the current academic session.

“In December 2025, nine students, who were the first set of offshore post-graduate scholarship developments by the PAP Administrator, Dr Dennis Otuaro, for the 2024-2025 academic year, graduated from their various programmes in UK universities.

“Otuaro has deployed over 9000 students to universities within and outside Nigeria for different industry-relevant programmes since he assumed office in March 2024,” the statement partly reads.

Speaking at the pre-departure orientation programme for the scholars at the PAP headquarters in Abuja, on Thursday, Otuaro said that the large-scale deployment was aimed at making the Niger Delta a knowledge-driven region.

He said that his leadership reinvigorated the programme to give it a new momentum in service delivery to the people of the region based on the mandate of President Bola Tinubu.

Otuaro said, “We are sending all of you for post-graduate studies in various universities in the United Kingdom.

“The PAP now has a new momentum and direction because of the repositioning and broad reforms that we carried out in line with the mandate of His Excellency, President Bola Ahmed Tinubu GCFR.

“The objective behind the huge scholarships deployment is to ensure that we develop the needed human capital to transform the Niger Delta and generate knowledge-wealth.

“We want to develop relevant manpower in critical disciplines for our region and by extension, the country, because you are expected to contribute your quota to national development after successful graduation.”

The PAP boss, who was represented at the event by his Technical Assistant, Mr Edgar Biu, advised the scholars to study hard to achieve academic excellence in their various fields of research.

According to him, the scholars have an obligation to justify the Federal Government’s investment in their education and future.

He reiterated his warning that beneficiaries should not take for granted the opportunity to further their academic pursuits in the interest of the Niger Delta and indeed the country.

Otuaro expressed appreciation to President Tinubu for his “enormous interest and support for the Programme”, particularly the approval of an upward review of the programme’s budget from N65billion to N150billion.

He also expressed gratitude to the National Security Adviser, Mallam Nuhu Ribadu, for his impeccable guidance and supervision of the programme’s initiatives.

Otuaro, therefore, cautioned the scholars to obey their host country’s laws and the rules and regulations of their various institutions, stressing that they are ambassadors of Nigeria, the Niger Delta and their communities and families.

Highpoint of the orientation programme was the presentation of laptops to the scholars to help them in their studies.