Abuja FileAll The NewsBusinessCover StoryEconomyNews

Don’t Induce Lawmakers, Senate Warns Oil Firms

3 Mins read

 

  • Report Any Lawmaker Who Seeks Personal Favour – Saraki

 

By Time Nigeria

 

Senate President, Dr. Bukola Saraki, yesterday told the International Oil Companies and Oil Producers Trade Section (IOC/OPTS) operating in the country not to induce lawmakers during the consideration and passage of the Fiscal and Host Communities Bills, components of the Petroleum Industry Bill, now before the National Assembly.

 

Saraki, handed down the warning when the leadership of the IOC/OPTS visited him in his office in Abuja, he said the leadership of the 8th National Assembly has made it clear to all lawmakers involved in the process to live above board.

 

He called on the leadership of the OIC/OPTS to report any lawmaker who seeks any personal favour when the process of passing the bills commences this month.

 

According to the President of the Senate, “Let me also use these opportunity to just make some ground rules clear. We as the 8th National Assembly; I told you at the beginning that the two houses will be on the same position on the remaining Bills. I think we have shown that on the first Bill we passed.

 

“I am confident that for these other Bills too, we will do the same. I want to assure you that it is in our own interest and the leadership has made it clear to all the members involved that this must be a transparent process.

 

“We are doing it in the interest of the country. Leadership is not going to tolerate any hanky-panky. No favours. No gifts. Nothing must be given to get this work done.

 

“And we want to mandate you that if you see any of these, you should be able to bring it to the attention of the leadership. All we want to see is a Bill that is in the interest of Nigeria and we have read the riot act to all our members that nobody should approach anybody for any interest towards any benefit and I want to make this very clear.

 

“This is the position of leadership on this issue. We must ensure that everything is above board because this is not just a Bill for today, but for future generations. We must make sure that in our time it is done properly.”

 

Senator Saraki, who is also the Chairman of the National Assembly, confirmed that  the passage of the Fiscal and Host Communities Bills will soon commence, to pass a petroleum Bill that will be a “win-win” for all stakeholders.

 

And this is coming after the passage of the PIGB by the National Assembly which is now before the Presidency for assent.

“A petroleum Bill that will be a win for Nigeria on the revenue side, investment side and jobs creation; and it is also a win for those who are investing in Nigeria. Because we appreciate that it is a very competitive world out there and we must make Nigeria competitive.

 

“The only way we can do that is through engagement. We cannot do it by just passing a Bill and just putting it at your doorstep, because we are not the ones that will do the investment. So, it has to be a Bill that we all believe is in the interest of all those who are involved,” he said.

 

In his remarks, leader of the delegation of the IOC/OPTS and Managing Director of Shell Nigeria Limited, Mr. Osagie Okunbo, said the visit is essentially meant to assure the leadership of the National Assembly that the IOC/OPTS will make its memorandum on the Bills available to the relevant Committees of the National Assembly during the public hearing.

 

He said that it is important to ensure that the Petroleum Industry Bill, PIB, that will be passed is one that will essentially promote investment.

 

“Our primary concern is that at the end of the day, we both lay the years of uncertainty to rest, but even more importantly, that a Bill that is passed eventually is one that we can all be proud of and the one that we can say will encourage investments in all parts of the oil industry,” Okunbo stated.

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
Articles
Related posts
All The News

Onuigbo Takes over as GLOBE President, Pledges Stronger Parliamentary Action on Climate Change

3 Mins read
  Sponsor of Nigeria’s Climate Change Act, Rt. Hon. Sir Sam Onuigbo, has been inaugurated as President of GLOBE Legislators, a global…
All The News

Echoes of Dr. Lateef Olaniyan’s Final Journey

6 Mins read
By Sunday Oyinloye   A deep sense of loss mixed with gratitude filled the atmosphere at the Generations Church, 431 Brown Ave, Moses Lake, WA on June 6, 2026, as family members, friends, colleagues and community leaders gathered to pay their final respects to Dr. Lateef Olaniyan, founder of the Moses Lake Medical Team, and owner of Southgate Pharmacy, Moses Lake, and Benton Southgate Pharmacy in Prosser, both in Washington State. For many in attendance, the occasion was not merely a funeral but a celebration of a life dedicated to service, compassion and the wellbeing of others. Since 2008, Dr. Lateef Olaniyan faithfully led the Moses Lake Medical Team on annual free medical missions to Nigeria bringing compassionate healthcare to communities. As speaker after speaker took turns to honour his memory, a common theme emerged: Dr. Olaniyan was a man who lived for others. Whether through his commitment to providing healthcare for the underserved, his generosity to those in need, or his unwavering dedication to community service, the late pharmacist left an indelible mark on the lives of thousands. Speaking at the funeral service, a representative of the Moses Lake Medical Team, Francie Irwin described the passing of Dr. Lateef Olaniyan as a painful loss. The representative traced the formation of the Moses Lake Medical Team to 2007, when Dr. Olaniyan conceived the idea. According to her, through the team, Dr. Olaniyan was able to provide medical care to more than 100,000 people during his lifetime, stressing that he literally saved countless lives. Also paying tribute, Tanya Valdez, who worked for Dr. Olaniyan in his pharmacy for 16 years, described the late pharmacist as a father figure who eventually became her best friend. In her words: “Dr. Lateef was more than a boss; he was a father figure and my best friend. Even when his health was failing, he remained focused on helping others with health challenges. He often called me his daughter. He was the father figure I needed, and I do not know how I will live my life without him.” For Michael, the eldest son of Dr. Lateef Olaniyan, memories of his father are defined not only by professional accomplishments but by the simple, enduring values that shaped his life. Describing his father as a hardworking man, Michael recalled spending countless hours driving around town with him and playing basketball together. Yet, what stood out most was his father’s extraordinary ability to connect with people. According to him, a quick trip anywhere with Dr. Olaniyan was almost impossible. “He was a man of the people,” Michael recalled. “Everywhere we went, he knew someone. He would stop to greet people, ask about their families and spend time talking with them.” Those interactions reflected a philosophy that guided Dr. Olaniyan throughout his life. He believed that every individual had a story worth hearing and deserved to be treated with dignity and respect. That same wisdom shaped his relationship with his children. Michael recounted a particularly difficult period after graduating from college and relocating to San Francisco. As he struggled to find his footing professionally, he turned to his father for guidance. “I called him because things were not going the way I expected and I was looking for advice,” he said. “His response was simple: ‘Just do your best.’” It was a phrase that became a defining principle in the family. Rather than offering easy solutions, Dr. Olaniyan shared stories of his own journey after arriving in the United States in 1981 and the obstacles he had overcome through perseverance, hard work and faith. To his son, those conversations revealed a man whose success was built on resilience and determination. Despite spending decades in the United States, Dr. Olaniyan never lost touch with his roots. Family trips to Nigeria often became lessons in humility and belonging. Michael recalled that whenever they visited, his father would make it a point to stop and greet relatives, friends and acquaintances, no matter how busy the schedule. “He never forgot where he came from,” he said….
Cover StoryFeatures

Effective PR Mirrors, Doesn’t Make Up!

4 Mins read
  By Ugochukwu Ugwuanyi While makeup is usually worn by women to enhance beauty, it is a public relations anathema for an…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com