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I’m Not Due for Retirement Yet, NASS Clerk, Sani-Omolori Kicks

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The clerk of the National Assembly, Mohammed Sani-Omolori, has reacted the compulsory retirement notice issued to him by the National Assembly Service Commission. In a statement on Wednesday evening, the clerk insisted that the retirement age for the National Assembly remains 40 years of service or 65 years of age.

He said the resolution of the National Assembly which increased the age and years of service has not been amended.

He also said the commission has no powers to intervene in the controversy.

“The attention of the National Assembly Management has been drawn to a press release dated 15th July, 2020 signed by the Chairman of the National Assembly Service Commission, informing the general public that the commission has approved the retirement age of staff of the National Assembly as 35 years of service or 60 years of age whichever comes first.

“The Management of the National Assembly wishes to inform all staff and the general public that the extant regulation as contained in our Revised Conditions of Service duly passed by both Chambers of the 8th National Assembly puts the retirement age of staff at 40 years of service and 65 years of age whichever comes first.

“The Resolution of the 8th National Assembly on the Conditions of Service of Staff has not been rescinded nor abdicated by the National Assembly, who under the authentic National Assembly Service Act 2014 as passed is empowered to review any proposed amendment to the Conditions of Service by the Commission.”

“Therefore, the National Assembly Service Commission does NOT have the powers to set aside the Revised Conditions of Service as passed by the 8th National Assembly.”

He said the management “had maintained a studied silence in deference to the leadership of the 9th National Assembly which is looking into the position being canvassed by the commission but finds it intriguing that the National Assembly Service Commission has unilaterally gone ahead to take a decision.”

He urged all staff to disregard the press release by the commission and go about their lawful duties.

The controversial bill was proposed and passed at a time that the commission (known as NASC), which is the policy-making organ of the federal legislature, had not been constituted.

Following its constitution in February by President Muhammadu Buhari with Mr Amshi as its chairman, the NASC reviewed and decided to set aside the revised condition of service, saying it was self-serving and not duly passed.

This development has divided National Assembly workers in the Parliamentary Staff Association of Nigeria (PASAN).

While a faction is applauding the decision of the NASC to jettison the new rule, another is standing with the National Assembly management led by Mr Sani-Omolori.

An argument preferred by a group is that if the bill was passed by the National Assembly like similar ones, it thus requires assent by President Muhammadu Buhari to become law.

The other group counters, saying it does not require presidential assent but that NASC, which they pointed out was not on ground at the time the bill was passed, can move for a revision of its provisions.

The opponents of the bill also alleged that the five-year increase in service years “was smuggled through the back door” into the original body of proposals.

They fingered Mr Sani-Omolori, his management team and the leadership of the 8th National Assembly as the architects of the ‘surreptitious’ extension of service years under the guise of reviewing the conditions of service of legislative workers.

The revised conditions, however, appear to be very popular with a majority of the over 4,000-strong workforce of the National Assembly who all stand to benefit from the implementation, one way or the other.

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FG Halts Planned 15% Import Duty on Diesel, Petrol

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Thursday, announced discontinuation of the planned 15 per cent duty on imported petroleum products.

NMDPRA’s Director, Public Affairs Department, George Ene-Ita, conveyed the development in a statement while warning the public to shun panic buying.

President Bola Tinubu, on October 29, approved an import tariff on petrol and diesel, a policy expected to raise the landing cost of imported fuel.

The President’s approval was conveyed in a letter signed by his Private Secretary, Damilotun Aderemi, following a proposal submitted by the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.

The proposal sought the application of a 15 per cent duty on the cost, insurance, and freight value of imported petrol and diesel to align import costs with domestic market realities.

Implementation was slated to take effect on November 21, 2025.

The policy aimed to protect and promote local refineries like the Dangote Refinery and modular plants by making imported fuel more expensive.

While intended to boost local production, it is also expected to increase fuel costs, which could lead to higher inflation and transportation prices for consumers.

Experts have argued that the move could translate into higher pump prices for consumers, with some estimating an increase of up to N150 per litre or more.

In an update, however, NMDPRA said the government was no longer considering going ahead with implementing the petrol import duty.

“It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in View,” the statement read in part.

Meanwhile, the NMDPRA also assured all that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold, during this peak demand period.

“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.

“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.

“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.

“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security,” the statement added.

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Senate Approves Tinubu’s N1.15tr Domestic Loan Request to Fund 2025 Budget Deficit

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The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.

The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.

The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.

This expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).

In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.

President Tinubu had on November 4th requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.

The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.

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Senates Rejects NNPCL’s Explanation, Orders Refund of N210trn to Govt

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The Senate has rejected the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding the ₦210 trillion outstanding against the oil firm.

It came to the conclusion on Wednesday that the money, which had not been accounted for, must be refunded to the Federation Account by the company.

The Senate Committee on Public Accounts chaired by Aliyu Wadada, which has been on the probe for months, took the decision on Tuesday after the Group Chief Executive Officer (GCEO) of the NNPCL, Bayo Ojulari, failed to turn up at its resumed sitting at the National Assembly.

The session was called to give the NNPCL the opportunity to make clarifications on the answers the company provided to the 19 questions the panel asked the firm about the ₦210 trillion.

Following a review of the operations of the NNPCL from 2017-2023, the committee sighted the unexplained transaction, totaling ₦103 trillion (accrued expenses) and ₦107 trillion (receivables) in the audited financial statements of the firm, prompting it to raise the queries.

After weeks of back-and-forth between the committee and the NNPCL, the NNPCL eventually responded to the 19 questions.

However, at a resumed session, Senator Wadada frowned at the absence of  Ojulari, whom the committee said gave no reasons for staying away, consequently rejected the explanations.

The Chairman of the committee, Senator Aliyu Wadada, while speaking on the panel’s findings, said the responses were not only unsatisfactory, but were also contradictory.

“NNPC claimed ₦103 trillion as accrued expenses and ₦107 trillion as receivables -amounting to ₦210 trillion. On question eight, NNPC’s explanation on the ₦107 trillion receivables -equivalent to about $117 billion -contradicts available facts and evidence provided by NNPC itself. The committee is duty-bound to reject this,” he stated.

Wadada further questioned how the firm could pay ₦103 trillion in Cash Calls to Joint Venture (JV) partners in 2023 alone, despite generating only ₦24 trillion in crude revenue between 2017 and 2022.

“Cash Call arrangements were abolished in 2016 under the President Muhammadu Buhari administration. How can NNPC claim to have paid ₦103trn in one year, when it only generated ₦24trn in revenue over five years? Where did NNPC get that money?

“As far as this committee is concerned, that figure is unjustifiable and unacceptable. The ₦103 trillion must be returned to the Treasury. This will be concluded when the NNPCL appears before us,” he stated.

The committee said it would have been better for the current management of the NNPCL to admit that it encountered challenges in explaining what happened to the funds than giving contradictory answers to the questions.

“If the present management of NNPCL is finding it difficult to provide acceptable answers, it is better they say so. The committee will not hesitate to subpoena former officials of NNPCL and NAPIMS,” Wadada added.

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