NEWS
Senate probes Shell over Joint Venture default, seeks $200m refund to FG
By John Akubo
For failing to comply with the Petroleum Act thereby breaching the Joint Venture Agreement entered into with the Federal Government the Senate, on Wednesday, constituted an Ad-Hoc Committee to investigate Shell Petroleum Development Company (SPDC)
The Ad-Hoc Committee was mandated to probe the Oil Mining Lease granted to SPDC between 1959 to 1989 and 1989 to 2019 under the SPDC/NNPC Joint Venture agreement.
The Ad-Hoc Committee which was constituted by the Senate President, Ahmad Lawan, has Senator Aliyu Sabi Abdullahi as its Chairman.
Other members on the panel include Senators George Thompson Sekibo, Abdullahi Yahaya, Bassey Albert Akpan, Olamilekan Solomon Adeola, Smart Adeyemi, and Aishatu Dahiru Ahmed.
Accordingly, the chamber demanded a refund of $200 million (USD) or any amount short of what was paid by SPDC, including penalties and interests under the said lease agreements to the coffers of the Federal Government.
The resolution was reached by the chamber after it considered a motion sponsored by Senator George Thompson Sekibo (PDP, Rivers East).
The motion was entitled, “non payment of the sum of $200,000,000 accruals from the Oil Mining Lease (OML), by Shell Petroleum Development Company of Nigeria Limited under the SPDC/NNPC Joint Venture Agreement and, illegal and unlawful renewal of Oil Mining Leases by the Ministry of Petroleum Resources/Department of Petroleum Resources (DPR) contrary to the provision of paragraph 10 of the First Schedule to the Petroleum Act 1969 (now Section 86(1) and 86(6) of the Petroleum Industry Act 2022.”
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Sekibo, in a presentation, observed that the SPDC/NNPC Joint Venture (JV) agreement, in contravention of the provisions of the Petroleum Act 1969, by the defunct Department of Petroleum Resources (DPR) and the Ministry of Petroleum Resources, granted to the SPDC/NNPC a 30-year Oil Mining Lease from 1959 to 1989.
He observed that doing so constituted an illegal extension of the Oil Mining Lease by 10 years in the first instance, instead of the prescribed term of 20 years, without recourse to the provisions of the Petroleum Act 1969 in paragraph 10 of the First Schedule.
According to the lawmaker, “upon the expiration of the initial Oil Mining Lease in 1989, SPDC/NNPC JV, was granted another 30-year Oil Mining Lease again from 1st July 1989 to 30th June 2019, by the Ministry of Petroleum Resource/DPR instead of the 20 years lease period prescribed by the Petroleum Act, which is contrary to paragraph 10 of the First Schedule to the said Act”.
He disclosed that in the initial additional 10 years Oil Mining Lease of 1969 to 1989, illegally granted to the SPDC/NNPC JV by the Ministry of Petroleum Resources/DPR, the Federal Government lost from fees, taxes, rents, and royalties the sum of $120, 000, 000.
He stated that in the second instance of the extra 10 years the Federal Government also lost a further sum of $80,000,000, making a total of $200,000,000.
He noted that a loss of $200,000,000, which is equivalent to N83, 130, 000, 000 billion, could have been of great value to the economy of the nation.
He observed that the illegal action by the Ministry of Petroleum Resources/DPR as regards the SPDC/NNPC JV may not be the only non-compliant grant as details of other Joint Venture agreements with Chevron Nigeria Limited, ENI Joint Venture, EXXON Mobil Upstream JV, Total E & P Nigeria Limited JV, need to be ascertained through a thorough investigation to verify compliance with the provisions of the extant law.
He expressed worry that the trend of illegal extension of Joint Venture (JV) period from 20 years to 30 years lease period without recourse to the Petroleum Act may have also applied to other Joint Venture agreements with the International Oil Companies (IOCs) and need to be investigated.
Sekibo informed the chamber that SPDC went to Court on the clarity of the lease period and the judgment was not in their favour as regards the additional 10 years lease period in the two instances.
“Regrettably, the court failed to order the SPDC to pay the arrears the 20 years lease period to the tune of $200,000,000 to the Federal Government for the illegal extensions”, he said.
The lawmaker further disclosed that a whistle-blower petitioned the EFCC on the need to recover the sum of $200,000,000 from SPDC for these illegal extensions by the Ministry of Petroleum Resources/DPR and to further investigate all other Joint Venture agreements that involved the aforementioned IOCs.
He noted that the power to make laws for the Federation as vested in the National Assembly by the Constitution also encompasses the power to make laws for the promotion of national prosperity and a dynamic self-reliant economy as provided in section 16(1)(a) of the 1999 Constitution of the Federal Republic of Nigeria as amended.
He emphasised that the Constitution also gives power to each House of the National Assembly to carry out an appropriate investigation on an observed misapplication of the laws enacted by the National Assembly, as provided in Section 88 of the Constitution.
He stated further that Section 89 of the same Constitution provides the process on how such investigation should be carried out.
Accordingly, the Senate resolved to constitute an Ad-Hoc Committee to investigate the non-compliance with the Petroleum Act and the Oil Mining Lease granted to SPDC between 1959 to 1989, and 1989 to 2019 under the SPDC/NNPC Joint Venture Agreement; and compel SPDC to refund to the Federal Government the sum of $200,000,000 or any amount short of what was paid, including penalties and interests under the said lease agreement.
NEWS
‘Leave Sowore Alone, Fight Terrorists Instead’ — Timi Frank Slams Security Agencies
Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has urged Nigeria’s security agencies to stop the arrest and detention of activist and presidential candidate, Omoyele Sowore, and instead channel their energy toward tackling bandits and terrorists across the country.
Frank made the call in a statement issued on Tuesday, describing the arrest of Sowore as a “national disgrace” and accusing the State Security Service (SSS) of misplaced priorities amid worsening insecurity in Nigeria.
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He said it was alarming that security operatives were focusing on political figures while violent groups continue to unleash terror on innocent citizens in several parts of the country.
“It is unfortunate that the SSS seems more interested in going after opposition figures than confronting the bandits and terrorists terrorising innocent Nigerians. This arrest is clearly politically motivated,” Frank said.
He argued that while security agencies expend resources tracking government critics, armed groups responsible for killings, kidnappings, and displacement continue to operate with little resistance.
Frank, who also serves as Ambassador of the United Liberation Movement for West Papua to East Africa and the Middle East, warned that such actions could erode public trust in security institutions and further deepen tensions ahead of the 2027 general elections.
He called on security agencies to redirect their attention to real threats facing citizens, stressing that national security should not be politicised.
Meanwhile, Timi Frank maintained that Nigeria’s priority should be restoring safety and stability rather than targeting dissenting voices.
NEWS
2027 Elections: NYSC DG Warns Corps Members Against Political Campaigns, Gives Reasons
The Director-General of the National Youth Service Corps (National Youth Service Corps), Brig.-Gen. Olakunle Nafiu, has warned corps members to steer clear of partisan political activities ahead of the 2027 general elections, stressing the need to preserve the scheme’s long-standing neutrality.
Nafiu gave the warning on Tuesday during a town hall meeting with 2026 Batch ‘B’ Stream I corps members at the temporary NYSC orientation camp in Amada, Akko Local Government Area of Gombe State.
He cautioned corps members against attending political campaign rallies or engaging in any activity that could suggest alignment with any political party, noting that such actions could damage the credibility of the NYSC.
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According to him, the reputation of the scheme has been built over decades of political neutrality, which has made corps members trusted participants in national elections under the Independent National Electoral Commission (Independent National Electoral Commission).
“And since 1999, we have continued to strengthen our democratic process season after season. We are going into another electioneering season, and campaigns will soon begin. Don’t go to campaign grounds as a corps member,” he said.
The NYSC boss further warned corps members against wearing official uniforms or insignia to political gatherings, saying such appearances could easily be misinterpreted by the public.
“If I grab you with this face cap, this crested vest, this white-on-white and this khaki at a campaign ground and they capture you, the headline will be: ‘NYSC aligns with XYZ party,’” he cautioned.
Nafiu stressed that Nigerians and the international community have continued to trust corps members during elections because of their neutrality, adding that this trust must not be compromised.
He also urged corps members to become agents of positive change in society rather than passive critics, encouraging them to embrace discipline, hard work, and meaningful engagement.
In addition, he advised them to reduce excessive use of social media and focus on productive activities such as entrepreneurship and networking.
In a lighter moment, the DG announced the donation of a cow to the orientation camp community, which drew cheers from corps members.
Earlier, the Gombe State NYSC Coordinator, Chinwe Nwachukwu, disclosed that 1,349 corps members—comprising 649 males and 700 females—had been registered for the orientation exercise.
She noted that the corps members had adapted well to camp life and were actively participating in skills acquisition programmes, while also highlighting security measures, including aerial drone surveillance by the Nigerian Air Force 109 Combat Reconnaissance Group.
However, she listed challenges affecting the camp, including erratic electricity supply, heavy dependence on generators, and lack of a multipurpose hall.
NEWS
Why Politics Won’t Stop Abuja’s Massive Development Projects — Wike
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has assured residents that ongoing development projects across Abuja will continue uninterrupted despite growing political activities ahead of the 2027 general elections.
Wike gave the assurance on Tuesday during the flag-off of the construction of service carriageways of the Southern Parkway, from Arterial Road S20 (Oladipo Diya Way) to Ring Road II, as part of projects being inaugurated to mark President Bola Tinubu’s third year in office.
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The minister said the FCT Administration remains focused on transforming the nation’s capital in line with the directives of President Bola Tinubu, stressing that politics would not derail the administration’s development agenda.
Addressing concerns over whether new projects would still be initiated as political campaigns begin to gather momentum, Wike said the government would continue to prioritize infrastructure development.
“Today is our 10th day of commissioning projects, and today was specifically selected because so many people have been asking questions: ‘Are you saying that after commissioning these projects, now that we are going into politics, there will be no more projects to embark upon?’” he said.
“We say no. Politics or no politics, we must continue to do that which Mr President has directed, to make sure that we change the entire landscape of the Federal Capital Territory.”
Wike expressed confidence that Abuja would undergo a remarkable transformation before the end of Tinubu’s first tenure in office.
“Let me clearly say that by the time Mr President finishes his first tenure on May 29, 2027, and before he is sworn in as President in his second tenure, the landscape of Abuja will entirely change to the glory of God,” he stated.
According to the minister, the various road and infrastructure projects being executed across the Federal Capital Territory are designed to improve infrastructure, ease transportation challenges, stimulate economic growth, and enhance the quality of life for residents.
President Tinubu was represented at the event by the National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda.
The Southern Parkway project is one of several road and infrastructure developments currently being undertaken by the FCT Administration under Wike’s leadership.
The projects form part of broader efforts to modernise Abuja and position the city as a world-class capital.
The event was also part of the ongoing commissioning of projects marking President Tinubu’s third anniversary in office, with the FCT Administration highlighting its commitment to sustained development regardless of the political climate.
Wike maintained that governance and service delivery would remain the administration’s priority, assuring residents that more projects would be initiated and completed in the coming months despite preparations for the 2027 elections.





