• About Us
  • Contact Us
  • Privacy Policy
Friday, October 16, 2026
The Intercept
  • Home
  • News
    • National
    • International
    • Education
    • Health
    • Legislative
    • Judiciary
    • Security
    • Metro
    • Crime
  • Politics
  • Business
    • Economy
    • Labour
    • Oil & Gas
    • Agriculture
    • Aviation
    • Maritime
    • Banking
    • Energy
    • Communication
    • Technology
  • Special Reports
    • Anti-Corruption
    • Investigations
    • Interviews
    • Sponsored
  • Arts & Life
    • Art
    • Books
    • Fashion
    • Lifestyle
  • Entertainment
    • Movies
    • Music
    • Weekend Gist
  • Press Freedom
  • Opinion
    • Editorial
    • Facts Check
    • Columns
No Result
View All Result
The Intercept
No Result
View All Result

Petroleum Industry Act: Robbing Peter To Pay Paul (OPINION)

In a sane clime, Nigeria’s only surviving cash cow, the NNPC, ought to be totally unbundled , to make it more viable, productive, transparent and accountable to the Nigerian people.

by Intercept Nigeria
August 19, 2021
in Opinion
OPINION: Are INEC Resident Commissioners Homeless Bats? - Mike Ozekhome SAN

Mike Ozekhome, SAN

Share To WhatsAppShare on FacebookShare on TwitterSend To Mail

By Chief Mike Ozekhome

The PIB Bill just assented to as an Act of Parliament by President Muhammadu Buhari, is a mere ruse, a monstrosity, an artifice and device, carefully crafted, incubated and delivered, to actually do irretrievable violence to Nigeria’s progress and juris corpus.

The Act constitutes a direct assault on age-long cherished principles of federalism and the doctrine of separation of powers, most ably propounded in 1748 by Baron de Montesquie, a great French philosopher.

The PIB Act seeks to frontally attack the provisions of section 162 of the 1999 Constitution, which state that all revenues accruing to the Federation shall be paid into a Federation account from which sharing shall be made amongst the three tiers of government – the federal, government, the 36 states and the 774 Local Government Areas of Nigeria.

No expenditure can be made by the Federal Government outside the provisions of section 162. Nor can any monies be expended without going through an Appropriation Bill through submission of budgetary proposals. See sections 80- 84 of the Constitution.

ALSO READ  Scammers Demanding Money For Election Results, Employment - INEC Raises Alarm

To the extent that the Act seeks to redesign the provisions of the Constitution (the fons et origo, grundnorm, Oba, Eze and Emir of all our laws), to that extent is the Act unconstitutional. It must therefore be struck down with the constitutional sledge hammer of section 1(3) of the 1999 Constitution of Nigeria.

In a sane clime, Nigeria’s only surviving cash cow, the NNPC, ought to be totally unbundled , to make it more viable, productive, transparent and accountable to the Nigerian people. But, alas, most curiously, the Act has further strengthened NNPC’s hand of non-accountability and non-responsibility.

How can the federal government alone have shares in the only viable milk industry of Nigeria, to the total exclusion of the other three tiers of government, major stakeholders, oil-bearing communities and the long-suffering people of the Niger Delta?

ALSO READ  Intern'l Peace Commission Appoints Amb. Nwaukor to Global SDG Leadership Network
Petroleum Industry Act: Robbing Peter To Pay Paul (OPINION)
Mike Ozekhome, SAN

How can an Act of Parliament, rather than assuage and ameliorate the sufferings of a beleaguered people, further compound them by reaffirming the people’s perilous status as slavish hewers of wood, drawers of water, masseurs of ego and sideline onlookers in the exploitation and use of their God-given wealth through their natural resources? The Act is nothing but a mere totalitarian and draconian piece of legislation designed to rob Peter to pay Paul.

The Act is a deliberate design by state captors to further their egoist and bachanalian self-interests. It was never designed to reform an institution such as the NNPC, nor passed to advance the principles of federalism or doctrine of separation of powers.

ALSO READ  NNPC profit surges, remits Over N6trillions to federation

It is most egregious, expropriatory and unfair to States, Local government Areas and the suffering masses of the oil- bearing communities of the Niger Delta area of Nigeria. The panacea? Simple.

The 36 States Attorneys- General should IMMEDIATELY approach the Supreme Court and challenge this latest Federal Government’s impunity and the outrageous acts of executive lawlessness and legislative rascality we are beholding, by invoking the Supreme Court’s original jurisdiction under section 233(1) of the 1999 Constitution.

That is the way to go. Allowing the Act to stay will further cement the present misguided unitary system of government that Nigeria is currently operating, under our thinly garnished disguise of a pseudo-federalism.

Subscribe To Receive Newsletters

Check your inbox or spam folder to confirm your subscription.

SendShareTweetSend
Previous Post

TALIBAN SCARE: NEMA Denies Reports Of ISWAP Flag In Its Office In Abuja

Next Post

FG Can’t Account For N4.973trillion In 2019 – Audit Report (See Details)

Related Posts

BREAKING: CSO Sues Nigerian Correctional Service, Army Chief Over Alleged Illegally Detained Army General
Opinion

MY INTELLECTUAL TRAVELS: Some Milestones Are Quiet, But Deeply Meaningful

September 9, 2026
How to Fix Ghost Bureaucracy Operating Under Tinubu’s Nose
Opinion

How to Fix Ghost Bureaucracy Operating Under Tinubu’s Nose

August 22, 2026
Tinubu Orders Manhunt for 30 Kaduna Killers
Opinion

Tinubu’s 2027 Chances: Between Strength and Vulnerability

August 18, 2026
ADAMAWA STATE IN 2027: Another dark horse again?
Opinion

ADAMAWA STATE IN 2027: Another dark horse again?

August 18, 2026
Osun Election: The Lessons for Adeleke, APC, and Nigeria’s Democracy
Opinion

Osun Election: The Lessons for Adeleke, APC, and Nigeria’s Democracy

August 16, 2026
Inside the AES: Repression, Propaganda, and the Rise of Militancy
Opinion

Inside the AES: Repression, Propaganda, and the Rise of Militancy

August 15, 2026
Next Post
EXPOSED: Govt Agencies Where Employees Earn More Salaries Than Buhari

FG Can't Account For N4.973trillion In 2019 - Audit Report (See Details)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TRENDING STORIES

  • Kei Nishikori

    Nishikori Eyes Top-Five Return In Second Chapter Of Career

    0 shares
    Share 0 Tweet 0
  • BBNaija Season 10 Otega and Kayikunmi Gets Evicted

    0 shares
    Share 0 Tweet 0
  • Why FG Must Review Our Survey Act – Surveyor-General

    0 shares
    Share 0 Tweet 0
  • Newly Elected AGN President Abubakar Yakubu, Arrested

    0 shares
    Share 0 Tweet 0
  • Ned Nwoko Denies Impregnating Chika Ike

    0 shares
    Share 0 Tweet 0
  • NUT Threatens Nationwide Strike Over Sack Of President, 2,356 Teachers In Kaduna

    0 shares
    Share 0 Tweet 0
  • Yobe State: Fire Razes Shops In Market

    0 shares
    Share 0 Tweet 0
  • Leverkusen Address Victor Boniface Bench Walkout

    0 shares
    Share 0 Tweet 0
  • Tolanibaj Opens Up When She Intends Preserving Her Eggs

    0 shares
    Share 0 Tweet 0
  • MOMODU: A Touch Of Simple, Class Makes Me A Ladies’ Man

    0 shares
    Share 0 Tweet 0

LATEST STORIES

Madrid Calls for LaLiga President to Step Down

Madrid Demand Resignation of LaLiga President

October 16, 2026
Vinícius Jr to Miss El Clásico After Red Card Appeal Is Rejected

Vinícius Jr to Miss El Clásico After Red Card Appeal Is Rejected

October 16, 2026
Arsenal Plan to Cut 60 Jobs Months After Winning EPL Title.

Arsenal Plan to Cut 60 Jobs Months After Winning EPL Title.

October 16, 2026
Mustapha Abdullahi Elected NBBF President

Mustapha Abdullahi Elected NBBF President

October 15, 2026
Osimhen’s Pregnant Girlfriend Involved in Car Crash

Osimhen’s Pregnant Girlfriend Involved in Car Crash

October 15, 2026

THE INTERCEPT

The INTERCEPT is an independent and non-profit news website that promotes transparency and accountability through robust and investigative reports.

We engage you with Critical and Objective News Reports on Politics, Business, Sports, Entertainment, Lifestyle, Education, Opinions, Editorials including Videos, Photos, and Documents.

No Result
View All Result

GET NEW POST ALERT

Check your inbox or spam folder to confirm your subscription.

  • Facebook
  • X

NEWS SOURCES

  • Africa.com
  • Businessday
  • Channels Television
  • Daily Independent
  • Daily Times
  • Daily Trust
  • Leadership Newspaper
  • National Daily
  • NewsDiary Online
  • Nigerian Tribune
  • Economic Confidential
  • Peoples Gazette
  • PM News
  • Pointblanknews
  • Premium Times
  • Punch
  • The Guardian
  • The Nation
  • The Sun
  • Thisday
  • TV360 Nigeria
  • Vanguard
  • About Us
  • Contact Us
  • Privacy Policy

Copyrights © 2025 The Intercept - Published by Flying Dutchman.

No Result
View All Result
  • Home
  • News
    • National
    • International
    • Education
    • Health
    • Legislative
    • Judiciary
    • Security
    • Metro
    • Crime
  • Politics
  • Business
    • Economy
    • Labour
    • Oil & Gas
    • Agriculture
    • Aviation
    • Maritime
    • Banking
    • Energy
    • Communication
    • Technology
  • Special Reports
    • Anti-Corruption
    • Investigations
    • Interviews
    • Sponsored
  • Arts & Life
    • Art
    • Books
    • Fashion
    • Lifestyle
  • Entertainment
    • Movies
    • Music
    • Weekend Gist
  • Press Freedom
  • Opinion
    • Editorial
    • Facts Check
    • Columns

Copyrights © 2025 The Intercept - Published by Flying Dutchman.