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Politicians, Judges Get 114% Salary Hike

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The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) has called upon the 36 states’ Houses of Assembly to expedite the process of amending relevant laws.

 

The purpose of these amendments is to create provisions that would allow for an upward revision of the remuneration packages for political, judicial, and public officers.

 

Muhammadu Shehu, the Chairman of RMAFC, made this appeal during the presentation of the reviewed remuneration package reports to Dr. Nasir Idris, the governor of Kebbi State, in Birnin Kebbi on Tuesday.

 

Once the State Houses of Assembly complete their work, the implementation of the revised remuneration packages for political, public, and judicial officers can commence according to a report by NAN.

 

During a courtesy visit at the Government House in Birnin Kebbi, the report was presented to the governor by the Federal Commissioner, Rakiya Tanko-Ayuba, who represented the Chairman of RMAFC.

 

Notably, Tanko-Ayuba is originally from Kebbi State. Shehu, the Chairman, emphasized that this action was in accordance with the provision stated in Paragraph 32(d) of Part 1 of the Third Schedule of the 1999 Constitution of the Federal Government, as amended.

 

He said, “It empowers the Revenue Mobilisation, Allocation and Fiscal Commission to determine the remuneration appropriate for political office holders, including the President, Vice President, Governors, Deputy Governors, Ministers, Commissioners, Special Advisers, Legislators and the holders of the offices mentioned in Sections 84 and 124 of the Constitution of the Federal Republic of Nigeria.”

 

Shehu highlighted that the most recent review of remuneration took place in 2007, leading to the enactment of the Certain Political, Public and Judicial Office Holders (Salaries and Allowances, etc.) (Amendment) Act, 2008.

 

He said “16 years after the last review, it is imperative that the Remuneration Packages for the categories of the office holders mentioned in relevant Sections of the 1999 Constitution (as amended) should be reviewed.

 

“Pursuant to the above, Your Excellency may please recall that on Wednesday, 1st February, 2023, the Commission held a one-day zonal public hearing on the review of the remuneration package simultaneously in all the six (6) geo-political zones of the country.

 

“The aim of the exercise was to harvest inputs/ideas from a broad spectrum of stakeholders,” He added.

 

The chairman explained that the commission had evaluated and revised the remuneration packages based on a combination of subjective and objective criteria as outlined in the reports.

 

He noted “The subjective criteria reflected the various expression by stakeholders through memoranda received, opinion expressed during the zonal public hearings and responses to questionnaires administered.

 

“The objectives of the criteria were obtained from analysis of macro-economic variables particularly the Consumer Price Index (CPI),”

 

Additionally, Shehu emphasized that the commission adhered to certain principles during the review process, including equity and fairness, consideration of risks and responsibilities, adherence to the national order of precedence, and the promotion of motivation and tenure of office.

 

Regarding the economic impact of the review, Shehu announced that the remuneration of political, public, and judicial office holders in the country had been adjusted upward by 114%.

 

He also mentioned that in terms of allowances and fringe benefits, the commission recommended maintaining the existing allowances at their current levels.

 

He listed the allowances to include, “Professional Development Assistant: This is to allow for the provision of two law clerks to all judicial officers in the country.

 

“Long Service Allowance: This is to guarantee seniority/hierarchy between officers who have been on the bench for a minimum of five years and those that are appointed newly.

 

“Restricted or Forced Lifestyle: This is to take care of the nature of the lifestyle of judicial officers while in active service.”

 

Shehu further informed that the commission recommended January 1, 2023, as the effective date for implementing the revised remuneration packages.

 

During the presentation, Governor Idris, accompanied by his deputy, Abubakar Tafida, Speaker of the Kebbi State House of Assembly, Muhammadu Ankwai, Acting Chief Judge of the state, Justice Umar Abubakar, Secretary to the State Government (SSG), Yakubu Tafida, Head of Service, Safiyanu Bena, and Chief of Staff, Attahiru Maccido, were all present.

 

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NNPC JV Unveils New Crude Oil Grade ‘Nembe’, Commences Exports With 1,900 Barrels

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Precious ADELOLA

The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market.

 

The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing Argus European Crude Conference in London, on Tuesday.

 

OML 29, an asset located onshore Nigeria, is operated by Aiteo Eastern Exploration & Production Ltd, Africa’s leading indigenous hydrocarbon producer, following a historic acquisition from Shell in 2014.

 

NNPCL Boss, Engr. Mele Kyari

The Nembe Crude was previously blended with the popular Bonny Light grade and exported via the Bonny Oil & Gas Terminal.

The unique selling point of the Nembe Crude Oil grade with an API gravity was highlighted by both the Aiteo E & P and NNPC Limited Leadership at the Argus Conference in London.

The Nembe Crude Oil grade also has a low sulphur content and low carbon footprint due to flare gas elimination, fitting perfectly into the required spec of major buyers in Europe.

Two cargoes of 950,000 barrels each of the Nembe Crude Oil grade have since been exported to France and the Netherlands. With its attractive Assay of API 29 and low sulphur content, the Nembe Crude Oil grade commands a premium to the global Brent benchmark.

 

With the NNPC-Aiteo OML 29 JV back on-stream, Nigeria now boasts of an additional crude oil export of 2 Cargoes at 950,000 barrels each per month and 1.2 Bcf of export gas monthly.

 

This remarkable achievement signals the commencement of activities at Nigeria’s newest crude oil terminal, the Nembe Crude Oil Export Terminal (NCOET), which was licensed in line with the extant laws and Crude Oil Terminal establishment regulations.

 

The terminal was conceived as a Floating Storage and Offloading Vessel (FSO) with a storage capacity of two (2) Million Barrels and the ability to offload crude oil to any export tanker from AFRAMAX to Very Large Crude Carriers (VLCC).

 

It has a loading capacity of 25,000 barrels per hour and will be exporting over 3.6 million barrels of Crude oil monthly at full scale of operation.

 

Currently, hydrocarbon production from OML 29, which was hitherto constrained due to evacuation challenges owing to the security issues around the Nembe Creek Trunk Line (NCTL) corridor, has now been resolved through a collaborative and creative approach that led to the innovation of the Alternative Crude Oil Evacuation Solution.

 

The Argus European Crude Conference 2023 in London is a gathering of energy majors, refiners, NOCs, traders, financial institutions, and other representatives from across the global oil markets. The event also provides a critical opportunity for business leaders to connect, discuss, share and learn from one another.

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Nigeria Owes NNPCL US$3.1bn, As Subsidy Hits US$921.5m Monthly

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Nigeria is not refining crude locally – NNPC GMD
Modupe ASUDO
THE Nigerian National Petroleum Company Limited (NNPCL) has announced that contrary to rumors making the rounds that it owes the federal government unpaid accrued funds, amounting to billions of dollars, the company has stated that the reverse is the case, as the federal government of Nigeria is still indebted to it to the tune of US$3.1 billion.
In a statement to address the lingering controversy, made available to Biztellers, NNPCL spokesman, Olufemi Soneye, noted that the company would continue to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and all relevant stakeholders in the Reconciliation Committee set up by President Bola Tinubu to investigate, review and reconcile the financial records on alleged indebtedness to the Federation by both NNPCL and Federation Accounts Allocation Committee (FAAC).
This is coming on the heels of calls by a non-governmental organisation for a probe of several monies allegedly owed to the Federation by the national oil company.
Refuting the claims by the NGO as baseless, he pointed out the fact that NEITI itself had dismissed many of the allegations in the said 2021 report, following a series of engagements with NNPCL.
The statement further reads that “NNPC Ltd states that at the outset of President Bola Ahmed Tinubu’s administration, it was made to sell Premium Motor Spirit (PMS) imported into the country at one third of its value, a development that gave rise to an average of N400bn monthly subsidy bill, which subsequently put a strain on its revenues and finances. That subsidy bill accumulated up to N3.736 trillion as at May 31st 2023.
“With respect to gas-to-power debts, the non-payment of NNPCL’s share of upstream joint venture gas supplied to the government-owned plants had led to the accumulation of indebtedness of N174.07 billion by the Federation.
“Similarly, the receivables due from the Federation to NNPC Exploration & Production Limited (NEPL) as of 31st May 2023 amounted to $712 million (equivalent to N309.07 billion at N434.08/US$1) for revenues not remitted to NEPL but paid into the Federation account.
“While the Federation owed NNPCL the sum of N4.207 trillion as net indebtedness, the Company was only indebted to the Federation in the sum of N2.852 trillion, made up mainly of outstanding Good and Valuable Consideration (GVC) in respect of government upstream divestments, royalties and Petroleum Profit Taxes (PPT).
“We would like to also use this opportunity to clarify that over the years, our relationship with NEITI has been very cordial, as seen in August 2020 when we became an EITI supporting company in 2020, joining a group of over 65 extractive companies, state-owned enterprises (SOEs), commodity traders, financial institutions and industry partners committed to observing the EITI’s supporting company expectations.
“Indeed, aside being a signatory to several EITI’s global ethics and standards, NNPC Ltd had on the sidelines of the United Nation’s General Assembly (UNGA) in Washington DC, in September this year, signed up to the United Nations Global Compact on human rights, labour, environment, and anti-corruption, thereby becoming the first state-owned oil company to join the global initiative.
“NNPC Ltd’s book remains open to all our stakeholders as we remain committed to delivering value to Nigerians with integrity and as espoused in our principles of Transparency, Accountability and Performance Excellence (TAPE), the bulwark of the Mele Kyari leadership of the company”.
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JUST IN: Tribunal Sacks Gov Uba Sani, Declares Election Invalid

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Governor Uba Sani of the All Progressives Congress (APC) was removed from office on Thursday by the governorship Election Petition Tribunal sitting in Kaduna State.

The panel ruled that the state’s 2023 governorship election was invalid.

According to information gathered by Biztellers, the judges avoided the actual auditorium and instead communicated the decision via zoom.

It commanded the holding of new elections in seven wards across four local government units in the State.

Isa Ashiru, a candidate for the Peoples Democratic Party, and the PDP filed the petition.

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