President Buhari Writes Senate, Seeking Amendment To Petroleum Industry Act

President Muhammadu Buhari has gone to the Senate, seeking an amend to the recently enacted Petroleum Industry Act (PIA).

This was revealed in a letter read on the floor by Senate President Ahmad Lawan, Buhari, through the proposed amendment to the PIA, seeks to remove the Ministers of Petroleum Resources and Finance from the board of the newly created Nigerian National Petroleum Corporation, (NNPC) Limited.

The President 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.

Details shortly…