'CONFERENCE HALL'- SENATORS COMPLAIN OVER POOR QUALITY OF RECONSTRUCTED SENATE CHAMBER. (PHOTO).

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 ‘Conference Hall’ – Senators complain over poor quality of reconstructed Senate Chamber Senators on Tuesday expressed anger over the condition of the reconstructed Chamber, which they described as a ‘mere conference room’. Controversy has trailed the refurbished Senate Chambers since plenary resumed in the facility last week. Last Tuesday’s plenary was trailed by confusion as some Senators quarreled over sitting arrangements in the renovated chamber. During plenary on Tuesday, complaints over the standard of the Chambers led to a rowdy session which lasted for about 15 minutes and eventually forced the Senate into executive session. The Chief Whip of the Senate and lawmaker representing Borno South, Ali Ndume, who raised the issues through Order 42 of the Senate Standing Rules, said, “What is supposed to be a Chamber, has been turned into a Conference Hall”, a development which he said is not acceptable. “Mr President, I rise to make disturbing observations on this supposedly renovate
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PRESIDENT BUHARI RESTORES OWNERSHIP OF OML 123, OTHERS TO NNPC.{PHOTO}.#PRESS RELEASE.

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In line with the current administration’s commitment to the rule of law, fairness and enabling a stable business climate for investment, President Muhammadu Buhari has approved the restoration of the leases on OMLs 123, 124, 126 and 137 to the Nigeria National Petroleum Corporation, NNPC which is in production sharing contract with Addax Petroleum, a company wholly owned by Government of the People’s Republic of China on the blocks. The leases belonging to the Federation were revoked on March 30, 2021.
This development reaffirms the commitment of President Buhari to the rule of law and sanctity of contracts.
While directing the Department of Petroleum Resources, DPR to retract the letter of revocation of the leases, the President also directed NNPC to utilize contractual provisions to resolve issues in line with the extant provisions of the Production Sharing Contract arrangement between NNPC and Addax.
The restoration of the blocks to NNPC will boost the organisation’s portfolio, thereby making the Corporation to, in the long run, boost its crude oil production and in turn increase the revenue it generates to the Federation Account.
Garba Shehu
Senior Special Assistant to the President
(Media & Publicity)
April 23, 2021.

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