Buhari writes Senate, proposes amendment to PIA

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President Muhammadu Buhari, on Tuesday, wrote the seeking an amendment to the recently enacted Petroleum Industry Act (PIA).

According one of the letters read on the floor by President Ahmad Lawan, Buhari, through the proposed amendment to the PIA, seeks to remove the Ministers of Petroleum Resources and Finance from the board of the newly created Nigerian Petroleum Corporation, (NNPC) Limited.

The President insisted that the affected Ministers can continue perform their functions without necessarily being members of the board of NNPC Limited.

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Part of the amendment being sought by on PIA is increase the number of Non-Executive members of the NNPC Limited Board from two to six to reflect Federal Character.

Buhari, in another letter, transmitted the names of nominees for screening and subsequent confirmation as board members of the and the NNPCL.

Details shortly…