PIB: Senate warns oil firms against inducement of legislators

Senate President, Dr. Bukola Saraki on Tuesday urged the International Oil Companies and Oil Producers Trade Section (IOC/OPTS) operating in the country not to induce lawmakers during the consideration and passage of the Fiscal and Host Communities Bills, components of the Petroleum Industry Bill (PIB), now before the National Assembly.

Senator Saraki, who stated this when the leadership of the IOC/OPTS visited him in Abuja, said the leadership of the 8th National Assembly has made it clear to all lawmakers involved in the process to live above board.

He called on the leadership of the OIC/OPTS to report any lawmaker who seeks any personal favour when the process of passing the bills commences this month.

According to the President of the Senate, “Let me also use these opportunity to just make some ground rules clear. We as the 8th National Assembly; i told you at the beginning that the two houses will be on the same position on the remaining Bills. I think we have shown that on the first Bill we passed.

“I am confident that for these other Bills too, we will do the same. I want to assure you that it is in our own interest and the leadership has made it clear to all the members involved that this must be a transparent process.

“We are doing it in the interest of the country. Leadership is not going to tolerate any hanky-panky. No favours. No gifts. Nothing must be given to get this work done.

“And we want to mandate you that if you see any of these, you should be able to bring it to the attention of the leadership. All we want to see is a Bill that is in the interest of Nigeria and we have read the riot act to all our members that nobody should approach anybody for any interest towards any benefit and I want to make this very clear.

“This is the position of leadership on this issue. We must ensure that everything is above board because this is not just a Bill for today, but for future generations. We must make sure that in our time it is done properly.”

Senator Saraki, who is also the Chairman of the National Assembly, confirmed that  the passage of the Fiscal and Host Communities Bills will soon commence, to pass a petroleum Bill that will be a “win-win” for all stakeholders.

And this is coming after the passage of the PIGB by the National Assembly which is now before the Presidency for assent.

“A petroleum Bill that will be a win for Nigeria on the revenue side, investment side and jobs creation; and it is also a win for those who are investing in Nigeria. Because we appreciate that it is a very competitive world out there and we must make Nigeria competitive.

“The only way we can do that is through engagement. We cannot do it by just passing a Bill and just putting it at your doorstep, because we are not the ones that will do the investment. So, it has to be a Bill that we all believe is in the interest of all those who are involved,” he said.

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