The Department of Petroleum Resources (DPR) on Tuesday told the House of Representatives Adhoc Committee investigating over N6trillion Revenue Leakages in the oil and gas sector from January, 2016 to January, 2017 that the Central Bank of Nigeria determines the rate at which royalties paid in dollars are converted to naira before remitting into the federation account.
Speaking through its Head Planning, Mrs. Folasade Odunuga, the Department also urged the panel to find out from the Nigeria National Petroleum Corporation (NNPC), why it’s subsidiary, the National Petroleum Development Company (NPDC), has refused to pay royalties on its crude production activities, adding that the “NPDC remains the worst debtor in the oil and gas industry”.
The DPR officials made the assertions on Tuesday during an interface with the adhoc committee led by Hon. Jarigbe Agom Jarigbe (PDP, Cross River) which sought for clarification on the disparities observed in the receipts of remittances submitted by IOCs as issued by the DPR.
According to some of the receipts made available to the panel, the remitted amount (in naira) into the federation account fell short of its dollar value using current exchange rates, causing the lawmakers to ask questions as to why that could have been under the supervision of the DPR.
It was observed that the CBN has been converting dollar remittances using about N167 to $ 1 instead of the current N305 to $ 1
But Mrs Odunuga told the committee that “royalties on crude oil are paid strictly in dollars directly into the federation account in JP Morgan, managed by the CBN”.
She explained that there are other royalties that come in both naira and dollars, adding that payment invoice is based on what currency it was paid in.
The members probed further on the invoices showing DPR converting dollars into naira before remitting to government accounts, but the DPR officials denied, saying that such is never done as the Department doesn’t handle cash directly.
“Reciepts are always written after we get our statement of account from the CBN. We do not receive any money nor have any interface with any payment. All payments are made directly to the federation account. It’s their obligation to pay after we’ve evaluated because the law allows them to pay within 90 days”, the Head Planning said.
Asked why they don’t doubt whatever the CBN gives to them, and if it has never occured to the DPR that the Federal Government was being shortchanged by what the CBN allegedly disclosed as paid in naira component, DPR director, Mordecai Baba Ladan said: “We’ve had a good working relationship with the CBN over the yers and we’ve not had any iota of dubt that what the CBN gave to us was inaccurate. So to say that we go and do independent investigation as to the facts given to us by the CBN has never crossed our minds”.
On why the regulator has not been able to liquidate over $ 158 million owed by OICs from 2000 to 2015, the head of planing said OICs who are indebted to government have been adamant as to the amount they should remit.
She explained that while the OICs have insisted that what they owe is less than what DPR has evaluated, the worst debtor in the industry is the NPDC which is the exploration arm of the NNPC, urging the panel to ask the Corporation why it’s subsidiary has refused to pay royalties to government.
“We may be children of same father and different mother, and it’s what our father instruct that we should, and in this case, every body is expected to pay what’s due to the father, but some are not doing that, so we need the House to ask why”, Odunuga said.
Also asked to confirm the assertion by Exxon Mobil that it has been re-injecting its gas and therefore couldn’t pay royalty on gas sales, the DPR technical officier informed the panel that it was a lie.
The post DPR Indicts CBN, NPDC In N6trn Revenue Leakages appeared first on Independent Nigeria.
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NIgeria Records 87 New Cases Of COVID-19, Total Infections Now 1,182
By Abujah Racheal
Nigeria has recorded 87 new cases of the COVID-19, bringing the total infections to 1,182 , according to the Nigeria Centre for Disease Control (NCDC).
The NCDC, in a tweet via its official handle, said 33 of the new infections were recorded in Lagos, 18 in Borno, 12 in Osun, nine in Katsina, four each in Kano and Ekiti, three each in Edo and Bauchi and one in Imo.
“As at 11:55 pm April 25, there are 1,182 confirmed cases of COVID-19 reported in Nigeria. The country’s total deaths from the virus now stand at 35, while 222 have been treated and discharged,” it said.
The centre said as at 11:55 pm, April 25, Lagos has 689, FCT-138, Kano-77, Ogun-35, Osun-32, Gombe-30, Katsina-30, Borno-30, Edo-22, Oyo-18, Kwara-11, Akwa Ibom-11, Bauchi-11, Kaduna-10, Ekiti-8 and Ondo-4.
Others are Delta-six, Rivers-three, Jigawa-two, Enugu-two, Niger-two, Abia-two, Zamfara-two, Sokoto-two, Benue-one, Anambra-one, Adamawa-one, Plateau-one and Imo-one.
87 new cases of #COVID19 have been reported;
33 in Lagos
18 in Borno
12 in Osun
9 in Katsina
4 in Kano
4 in Ekiti
3 in Edo
3 in Bauchi
1 in Imo
As at 11:55 pm 25th April there are 1182 confirmed cases of #COVID19 reported in Nigeria.
Deaths: 35 pic.twitter.com/La5xzZZe2z
— NCDC (@NCDCgov) April 25, 2020
Sourced From: News Agency of Nigeria
2 Women Crushed To Death On Lagos – Ibadan Expressway
Two women were crushed to death in a road crash involving a Mack truck and a motorcycle around Lotto, beside NNPC filling station on the Lagos – Ibadan expressway.
The accident occurred around 8:02am on Saturday when the truck marked FST 984 XX lost its brakes and hit the moving motorcycle, killing the women.
The spokesperson of Traffic Compliance and Enforcement Corps, Babatunde Akinbiyi, confirmed the incident to newsmen in Abeokuta.
”The truck and the motorcycle were both on the outbound lane from Lagos when the crash happened due to break failure on the part of the truck driver.
“The vehicle and the motorcycle are with the police at the Redeemed Police Station, along with the driver of the truck,” he said. Akinbiyi explained that the rider of the motorcycle was nowhere to be found after the accident.
He disclosed that the remains of the deceased had been deposited at the morgue of Olabisi Onabanjo University Teaching Hospital, Sagamu.
Sourced From: Daily Trust
Mentally-Challenged Man Axes 70-Year-Old Father To Death
A 37-year-old man said to be mentally-challenged has used an axe to kill his father, aged 70 in Unuchiana Village, Aguata Local Government Area of Anambra State.
Tribune Online learnt that the suspect allegedly axed his father to death in their compound.
Confirming the incident in a statement, the Anambra State police command’s public relations officer, SP Haruna Mohammed, said one Timothy Ezeofor reported that his elder brother, 70-year-old Godwin Ezeofor, was allegedly murdered by his son, Chigorom Ezeofor using an axe.
According to Mohammed, at about 9:45am on Friday, one Mr Timothy Ezeofor of Umuezegoro Kindred, Unuchiana Village, reported at Aguata Police Station that at about 8:00am of same day, his elder brother, Godwin Ezeofor of the same address was murdered by his son, one Chigorom Ezeofor, of the same address using an axe.
He said the complainant alleged that the suspect had been mentally ill for the past eight years.
The police spokesman said following the report, police operatives attached to Aguata Division led by the DPO, CSP Ayeni Oluwadare, mobilised to scene and rushed the victim to the hospital where he was pronounced dead by a medical doctor and the corpse has been deposited at a hospital mortuary for autopsy.
He also said the suspect who “looks insane” had been arrested and taken to the station for investigation to ascertain circumstances surrounding the incident.
Sourced From: Tribune Online
COVID-19: Police Arrest Bishop For Defying Lockdown To Protest At Chinese Embassy In Lagos
By Chiemelie Ezeobi.
The Lagos State Police Command has arrested the General Overseer of Resurrection Praise Ministries for Africa alias Jehovah Sharp Sharp, Archbishop Samson Benjamin, for defying the lockdown order to protest at the Chinese Embassy in Lagos.
Benjamin, the police alleged, led about 100 persons to the Chinese Embassy in Victoria Island to protest the maltreatment of Nigerians in China.
According to the cleric, the Chinese were operating freely in Nigeria despite that COVID-19 started in their country but have chosen to maltreat Nigerians and other blacks in China.
It was gathered that officials of the embassy sent a video clip of the alleged invasion to the police which prompted operatives from Victoria Island Division to move to the scene to effect the arrest.
A police source who spoke on anonymity said the cleric was being detained at the State Criminal Investigation and Intelligence Department, (SCIID), Yaba and may be arraigned in court on Wednesday.
In the video, the bishop denied going to the embassy with 100 persons, insisting that he was there by himself to register his displeasure over the ill-treatment of Nigerians in China.
Efforts to reach the spokesman for the state police command, DSP Bala Elkana, proved abortive as he didn’t return the message sent to him as at press time.
Sourced From: THISDAYLIVE
NIgeria Records 87 New Cases Of COVID-19, Total Infections Now 1,182
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