Published on May 19, 2016 Greenbarge Reporters
Nigeria’s Federal Government may heed the advice of a special committee it set up, which recommended the establishment of Special Courts to prosecute the rampant cases of oil theft and bunkering in the Niger Delta region.
The Committee, headed by the Deputy Governor of Bayelsa state, Rear Admiral Gboribiogha John Jonah, made the recommendation to the National Economic Council (NEC) meeting, which held on Thursday at the Aso Presidential Villa, Abuja, presided over Vice President Yemi Osinbajo.
The Committee said: “Federal Government should set up special courts for speedy prosecution of oil bunkerers and oil theft suspects.”
it also recommended engagement of traditional rulers to sensitize their communities on the criminal and environmental dangers of oil theft.
The Committee recommended that procurement and deployment of appropriate technology in surveillance and combat vehicles/boats in difficult terrain be effected to drastically reduce incidents of oil thefts and illegal bunkering “and this would ensure full benefits of uninterrupted supply.”
Other highlights of the NEC meeting which lasted for several hours and attended by governors of the 36 states, relevant ministers, Central Bank Governor and others are:
The Chairman of Council, the Vice President informed that His Excellency, the President has approved the reconstitution of the board, which will be effected in due course.
UPDATE BY NEC AD-HOC COMMITTEE ON MANAGEMENT OF THE EXCESS CRUDE ACCOUNT (ECA) AND PAYMENT INTO THE FEDERATION ACCOUNT
Edo State Governor reported to the Council that their sub-committee endorsed the forensic auditors firms as earlier proposed by the Finance Minister to audit the ECA.
UPDATE BY NEC AD-HOC COMMITTEE ON CRUDE OIL THEFT PREVENTION AND CONTROL
Bayelsa Deputy Governor reported to the Council that, the Committee set-up sometimes in 2013 consulted widely with relevant stakeholders including the Armed Forces Joint Task Force (JTF), Oil Companies, Oil Producing States, Nigerian Security and Civil Defence Corps (NSCDC) among others.
Among the key recommendations of the Committee are:
Among others are:
UPDATE ON STATES THAT HAVE RECEIVED BAILOUTS FUNDS AND THOSE OUTSTANDING
CBN Governor reported that:
The Minister of State for Petroleum briefed the Council, and stated that:
PRESENTATION ON STRATEGIC PLAN FOR 2016 BUDGET IMPLEMENTATION
Minister for Budget and National Planning made a presentation to the Council on Strategic Implementation Plan for the 2016 Budget of Change.
In response to previous requests, the Honourable Minister of Finance made a presentation to the Council on Fiscal Sustainability Plan and Fiscal Framework for Sub-National Governments in Nigeria. This included:
Council then approved the Fiscal Sustainability Plan.
PRESENTATION ON POLICY PAPER ON SOLID MINERALS EXPLORATION BY BOTH FEDERAL AND STATE GOVERNMENTS
Minister of State for Solid Minerals presented a policy paper to the Council. The highlights of the paper among others are:
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