29 October 2012

Nigeria: Jonathan Orders Ribadu Committee, Others to Submit Report Friday

Barely a week after it announced that it has discovered shady deals and crude oil theft in the petroleum industry, President Goodluck Jonathan yesterday gave a matching order to the Mallam Nuhu Ribadu led Petroleum Revenue Special Task Force to present its report to him on Friday this week at the presidential villa, Abuja.

Not satisfied, Jonathan also ordered two other committees set up by the federal government earlier this year on different aspects of the petroleum industry to submit their reports to him on that same Friday.

A statement issued by Special Adviser to the President, Dr. Reuben Abati, said Jonathan's directive was in furtherance of "the administration's commitment to transparency, probity, and accountability in the petroleum sector".

"President Goodluck Jonathan has directed that a comprehensive report of the Petroleum Revenue Special Task Force chaired by Mallam Nuhu Ribadu should be presented to him this week", he stated.

The statement made available to LEADERSHIP reads in part: "The Committee which was set up in February 2012, was required to, among other tasks, determine and verify all petroleum upstream and downstream revenues (taxes and royalties, etc,) due and payable to the Federal Government of Nigeria, and to take all necessary steps to collect all debts due and owed; to obtain agreements and enforce payment terms by all oil industry operators.

"The presentation of the Committee's report will take place on Friday, November 2, at 11 am, at the State House, Abuja".

Abati further noted that the president further directed "two other committees set up by the federal government earlier this year on different aspects of the country's petroleum industry are to also present their reports" to him on Friday, November 2, 2012.

He said the committees are "the committee established to design a new corporate governance code for ensuring full transparency, good governance and global best practices in the NNPC and other oil industry parastatals which had Mr. Dotun Sulaiman as its Chairman; and the Committee headed by Dr. Kalu Idika Kalu which was charged with the duty of conducting a high-level assessment of the nation's refineries and recommending ways of improving their efficiency and commercial viability.

"President Jonathan will receive the two reports at the Presidential Villa immediately after the presentation of the report of the Petroleum Revenue Special Task Force", Abati added.

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