Adegoke, who is the Ajia Balogun of Ibadanland, noted that the need to harmonise the grey areas was necessary in order to avoid unnecessary litigations after the bill has been assented to by the President.passed the PIB.
Adegoke, who spoke shortly after he received an award of excellence given to him by the Inner Wheel Club District 913-Nigeria during the investiture of IWM Ojoele-Ayoola Sherifat Bolatito as the 35th District Chairman, said that part of the grey areas to resolve is the 30% of the NNPC profit earmarked to be spent on frontier basin for oil and gas exploration.
Adegoke, who is a Director of OES Energy Services Limited, while hailing the National Assembly for the passage of the Bill, described it as a welcome development. “There is a need for the House of Representatives and the Senate to meet to harmonise some grey areas. The House of Representatives recommended 5% while the Senate recommended 3% allocation for the host communities.
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