Senate Probes Unbundling Of NNPC, Describes President’s Action As Illegal

Hamilton Nwosa
Writer

Ad

Nsukka Catholic Diocese Grieves Loss of Bishop Emeritus Francis Okobo at 89

By Abiola Olawale The Catholic community in Nsukka, Enugu State has been engulfed by tears following the passing of Most Rev. Dr. Francis Emmanuel Ogbonna Okobo, Bishop Emeritus of the Nsukka Catholic Diocese. It was gathered that Okobo passed away on Friday, August 29, 2025, at the age of 89. The revered cleric, who served…

Anticipation as Tottenham Accelerates Transfer Chase for Atalanta’s Ademola Lookman

By Abiola Olawale English football club, Tottenham Hotspur is reportedly intensifying negotiations to sign Atalanta’s star forward Ademola Lookman as the summer transfer window approaches its September 1 deadline. It was gathered that Lookman, a 27-year-old Nigerian international, has reportedly caught the eye of Tottenham. Lookman is also reportedly eager to return to the Premier…

Oil Prices Aren’t Likely To Rise Anytime Soon

Analysts surveyed by Reuters expect Brent Crude to average $67.65 per barrel and WTI Crude to average $64.65 per barrel this year, with slight adjustments from previous forecasts. Factors contributing to the subdued oil price outlook include rising supply from OPEC+ and non-OPEC+ producers, slowing demand growth post-summer, and uncertainties from U.S. trade policies. Major…

Ad

Opposition has continued to trail the unbundling of the Nigerian National Petroleum Corporation, NNPC, as the Upper Chamber of the National Assembly on Wednesday described the action as illegal. It has also begun the process of probing the decision taken by President Muhammadu Buhari.

The Senate Chief Whip, Senator Olusola Adeyeye, in a Point of Order he raised during Wednesday’s plenary, drew the attention of his colleagues to the unbundling of the oil firm in charge of the oil and gas sector in the country.

Adeyeye who will formally present a motion on Thursday where there would be extensive debate at the plenary, described the exercise as illegal as the federal government did not consult the National Assembly to repeal the enabling law that set up the organisation, before breaking it into different components.

This is happening the same day that workers of the state oil firm shut down the corporation’s operations nationwide to protest against the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu as well as the NNPC management for not carrying them along in the decision.

Ad

X whatsapp