His decision to reject the bill was conveyed in a letter dated January 17 and addressed to Senate President Bukola Saraki, who read it at the start of plenary on Wednesday. Giving his reasons for the decision, the president said the bill in a number of important sections, undermines the powers of the minister petroleum resources and the functions and responsibilities of the ministry of petroleum resources. The sections in this regard includes Section 3, Section 6(1)(a) to 5, 2 to 5, Section 7(a), 7(b), Section 8, 9 and 11. He also said the bill seeks to enable NOSDRA to function as a technical regulator in the issuance of guidelines and standards for the oil and gas industry which is a responsibility already embedded in the ministry of petroleum resources under the Petroleum Act. “Section 8 of the bill imposes a new charge on the industry of 0.5% of operation funds of oil companies for the enforcement of the environmental legislations in the petroleum sector. This imposition is an additional burden to the industry particularly given that it is unclear what operation funds means for the purpose of applying the provisions of the bill,” he added.]]>

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

Send your press release/articles to [email protected], [email protected], Follow us on Twitter at @Nigerialawyers and Facebook @ facebook.com/thenigerialawyer

For Advert Inquiries Tele/+234 806 819 1709 E-mail: [email protected]

LRCN Publishes The Latest Supreme Court Judgements For March 2019, Bonanza Goes Underway   You can also see contacts below for more information: Our website: www.lawreportsofcourtsofnigeria.org Our email: [email protected] Our GSM Contact: 08035407994; 0809612061708037663407; 08171254468 Headquarter Address: 23A Agbonmoba Street,B/w 2nd and 3rd East Circular Roads, Benin City, Edo State.

Subscribe ToTheNigeriaLawyer News!