BREAKING: Buhari seeks amendment to Petroleum Industry Act, writes NASS

By Princess Atevure,

President Muhammadu Buhari, on Tuesday, wrote to the Senate and the House of Representatives seeking an amendment to the recently enacted Petroleum Industry Act (PIA), asking for the removal of Ministers of Petroleum Resources and Finance from the board of the newly created Nigerian National Petroleum Corporation, (NNPC) Limited.

According to one of the letters read on the floor by Senate President Ahmad Lawan, Buhari, through the proposed amendment to the PIA, insisted that the affected Ministers can continue to perform their functions without necessarily being members of the board of NNPC Limited.

Part of the amendment being sought by Buhari on PIA is to increase the number of Non-Executive members of the NNPC Limited Board from two to six to reflect Federal Character.

Buhari, in another letter, transmitted the names of nominees for screening and subsequent confirmation as board members of the Economic and Financial Crimes Commission (EFCC) and the NNPCL.

Also, President Muhammadu Buhari wrote to the House of Representatives seeking the amendment to the Petroleum Industry Act (PIA) recently signed into law.

The President is seeking the removal of the Ministers of Petroleum Resources and Finance from the board of the agencies created under the law.

In the letter, which was read on the floor of the House by Speaker Femi Gbajabiamila, the President is seeking an amendment to the law to make for the appointment of non-Executive and Executive Directors for the agencies created by the law.

The Speaker said the letter will be referred to the appropriate committee of the House for immediate action.