News
PIA Amendments: Group Vows Nationwide Protest Against FG’s Attempt to Sell Critical Assets
The National Rebirth Movement (NRM) has vowed to mobilise Nigerians for nationwide protests against what it described as a dangerous plot by the federal government to amend the Petroleum Industry Act (PIA) and sell off critical national assets.
In a statement issued on Monday in Kaduna, Comrade James Jonah Gbudu, president of the movement, accused Finance Minister Wale Edun of spearheading moves that would strip the Nigerian National Petroleum Company Limited (NNPCL) of its backbone and hand over the country’s oil wealth to cronies.
“These amendments are the handiwork of Wale Edun, who appears to think he will be in government forever. Nigerians must rise against this kind of individual mentality and the planned return of the Obasanjo/Atiku era that sold off critical national assets. This time, they want to sell everything to their friends and render the NNPCL naked,” Gbudu said.
The NRM president said the movement would not fold its arms while government policies mortgage the nation’s future. He described the PIA, passed into law in 2021 after two decades of delay, as one of the few reforms that provided a clear framework for the oil and gas sector.
The group said it believes President Bola Tinubu may not be aware of the move to amend the PIA and sell off public assets.
“It is barely four years since the PIA came into effect, and instead of strengthening it, this government wants to dismantle its safeguards. Our national oil company, which should be a source of pride and revenue for all Nigerians, is being targeted for stripping under the guise of reforms. We believe President Bola Tinubu may not be fully aware of the implications of this move, but Nigerians will not be passive while their future is auctioned,” he said.
Gbudu recalled how past privatisations failed to deliver value to citizens, saying they mainly enriched a few politically connected businessmen. He warned that repeating that pattern in the oil sector would deepen poverty and unemployment.
“The Obasanjo/Atiku era taught us bitter lessons. NEPA was sold, yet Nigerians are still in darkness. Refineries were left comatose while billions are spent on fuel imports. We will not allow another cycle of deception,” he declared.
Instead of amending the PIA to pave the way for asset sales, Gbudu urged the government to focus on transparency and accountability within the NNPCL.
“What Nigerians want is openness. We want to know the real figures, the contracts, the daily production, the inflows and outflows. That is what will build trust and efficiency. Selling off assets to friends of those in government will only deepen corruption and rob the country of future revenues,” he added.
The NRM leader said the group has begun consultations with civil society organisations, labour unions, student groups and community leaders to resist the proposed changes.
“We are ready to lead Nigerians to the streets if necessary. This is not just about oil, it is about the survival of our commonwealth. If they insist on amending the PIA to sell off our assets, we will mobilise nationwide protests,” Gbudu warned.
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
*
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
*
I am writing to felicitate with Your Excellency, Atku Abubakar, GCON, former Vice-President of Nigeria (Zege Mule u Tiv & Wazirin Adamawa)
on the occasion of your 79th birthday anniversary.
I join your teeming admirers globally in celebrating you on this special day, an adorable Statesman and my Boss.
I recall with nostalgia, how countless generations have benefited from your generosity, wealth of experience and benevolence including being my key benefactor even as a young lawyer for my professional success.
Your Excellency, may your special day be filled with grandeur befitting your illustrious career.
I wish you continued success, prosperity, and an unending stream of accolades.
It takes a remarkable kind of fortitude to remain active in public life well into one’s golden years. Your dedication and patriotism remain truly exceptional.
May you enjoy a day of reflection on your many years of fruitful service to humanity. It is my prayer that God Almighty grants you many more healthy, fruitful, and fulfilling years ahead, and continues to endow you with wisdom, strength, and the grace to keep contributing to our nation-building.
Happy Birthday, Your Excellency.
Michael Kaase Aondoakaa SAN.
Former Attorney General of the Federation and Minister of Justice
TAU reaffirms commitment to globally competitive learning
photo
JUST IN: Even Tinubu moves with too many police escorts – Senator Ndume
-
Uncategorized5 years agoFG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines10 years agoBreaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News11 years agoNigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News9 years agoHow 21-year-old Girl fled community over accusation of lesbianism
-
News10 years agoYobe Gov Moves Against Deputy
-
Opinion7 years ago7 signs she has friend zoned you
-
Technology4 years ago
Online job placement company headhunts women
-
Headlines10 years agoBorno Dep Gov Abducts Another Church Leader