Reps PIB hearing scatters as Host Communities insist on 10% equity
There was an uproar at the venue of the public hearing on the Petroleum Industry Bill, PIB, on Thursday afternoon as the Senate continued the public hearing on the bill.
The commotion was caused by the insistence of the representatives of the oil and gas host communities on 10 percent Equity Share Holding from oil companies.
The new PIB wants oil companies to pay host communities 2.5 percent of its profit. Host communities have since kicked against the provision of the bill, Peoples Gazette learnt.
The Gazette reported earlier that House Speaker Femi Gbajabiamila on Wednesday said the National Assembly will pass the new PIB into law come April 2021 despite complaints from Nigerians.
The Vanguard reports that fight broke out of Room 028 of the House of Representatives in the National Assembly on Thursday afternoon when the moderating Adhoc Chairman of PIB, Mohammed Monguno called host communities to make their presentation.
It is unclear to the Gazette what exactly led to the fight and which of the host community that started the fight, but newspapers report that other participants and lawmakers ran out of the venue for safety.
The Gazette is yet to confirm if the hearing continued after the trouble.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Abuja
Police arrest another Abuja driver over fake presidential number plate
The police said the suspect was arrested on Monday at about 2:35 p.m.
Sport
La Liga apologises to China over Mbappé’s Mao meme comment
La Liga said, “To the extent of our institutional responsibility, we apologise on behalf of LALIGA and all its clubs.”
States
Kogi assembly passes State Police bill
Mr Yusuf said that State Police occupied a significant place in Nigeria’s nation-building process over the past decades.
Sport
Chinese firms drop Mbappe over Mao meme comment
The footballer has offered apology to the Chinese people, saying his comment was ill-judged.
Africa
AFC, Munich Re sign $1 billion managed debt mobilisation programme to expand trade finance
The AFC’s deputy director and head of syndications, Wole Asase, stated that the arrangement slightly differed from previous agreements.
Diaspora
South African police nab two Nigerians for printing counterfeit R100 banknotesÂ
The police handcuffed the suspects as they searched them.
