President Muhammadu Buhari has declined assent to the National Oil Spill Detection and Response Agency Act Bill passed by the National Assembly.
In a letter addressed to Senate President Bukola Saraki and read at plenary on Wednesday, the President said his decision was pursuant to Section 58 of the 1999 Constitution of the Federal Republic of Nigeria . According to Buhari, the bill undermines the powers of the Minister of Petroleum Resources and the functions of the ministry, which he oversees.
The letter read: “I am declining assent to the bill because in a number of important sections, the bill undermines the powers of the Minister of Petroleum Resources and the functions and responsibilities of the Ministry of Petroleum Resources.”“Section 8 of the bill imposes a new charge and the industry of 0.5 per cent of Operation Funds of oil companies for the enforcement of the environmental legislation in the petroleum sector.
“This imposition is an additional burden on the industry, particularly given that it is unclear what operation funds mean for the purpose of applying the provisions of the bill."
Source: News Formal (newsformal.com)
Narrator: What he actually means- it would undermine his powers to allocate oil blocks to his friends and family whereby turning them to overnight Billionaires. Buhari has his faux integrity strikes again. Buhari, the largest fraud ever perpetrated on Nigerians since 1914.
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