Tag: House of Representatives

  • Reps investigate civil servants with multiple offices

    Reps investigate civil servants with multiple offices

    The House of Representatives has raised concerns over civil servants holding more than one public office at the same time and receiving official benefits from those offices.

    The lawmakers have consequently mandated House Committee on Public Service Matters to investigate the matter within four weeks.

    The decision followed the adoption of a motion by Abdulahi Faruk (APC, Kebbi), who said to draw emoluments and other benefits from more than one office by public and civil servants amounted to breach of public trust.

    Faruk noted that receiving emoluments and benefits from such offices is in breach of the nation’s laws, as it is in contravention of Sections 6 and 8 of the Code of Conduct Bureau and Tribunal Act, 2004, an action that corrupts public morality.

    “It is of concern that too much money is being spent to maintain public officials to the extent that about 70 percent of the nation’s yearly budget is allocated for recurrent expenditure to the detriment of other developmental projects

    “One is however convinced that there is a need to put an end to the illegal and unjust enrichment of such individuals with public funds to the detriment of millions of other Nigerians, especially at this period of dwindling resources as a result of fall in the price of oil;

    “In addition, stopping the practice of public officials holding multiple appointments and earning emoluments there from would help in reducing the recurrent expenditure of the Government and curb this act of corruption,” he added.

    The motion was passed after it was put to a voice vote by the Speaker, Yakubu Dogara.

  • Reps probe non- remittance  of contributions to PFAs

    Reps probe non- remittance of contributions to PFAs

    The House of Representatives yesterday mandated its Committee on Pensions to commence investigation into the allegations of non- remittance of contributions to the Pension Funds Administrators ( PFAs) by employers of labour in the country.

    The committee is also to obtain a comprehensive report on the operations of the scheme so far, including the list of defaulting employers and the amount involved and report to the House within six weeks for further legislative action.

    The resolution of the House was sequel to the adoption of a motion titled: Threat to the Continuation of the Contributory Pensions Scheme by non- remittance of Workers Contributions by Employers,” sponsored by a member, Joseph Edionwele.

    Moving the motion, the lawmaker said: “The Pension Reform Act of 2004 established a contributory pensions scheme for the payment of retirement benefits of employees in both the public service and the private sector to avoid the sufferings of retirees under the old scheme.

    “It is the responsibility of the employer to remit both the employers and employees contributions to the Pension Assets Custodian specified in Pension Fund Administrator (PFA) of the employee within seven days that the deduction is made from the salary of the employee.”

    However, the lawmaker noted that things are no longer working because “the pension scheme appears to have run into a headwind as the Pensions Act is observed more in the breach  by both the employers and the Pensions PFAs which necessitated the 2014 amendment stipulating stiffer sanctions.”

    Edionwele however expressed regret that billions of naira already deducted from the salaries of employees, are not remitted by employers.

    He said besides this, “There are many employers which are yet to open retirement savings accounts for their employees which may precipitate a debt crisis that could jeopardise the smooth and successful operation of the scheme, thus leading to even more suffering for Pensioners under the scheme.”

    When the Speaker, Hon. Yakubu Dogara called for a voice vote, all members supported its passage.

  • Budget committees to submit report before Friday

    Budget committees to submit report before Friday

    The House of Representatives on Tuesday, urged all committees on budget defence to submit their reports and defence of same before the House committee on Appropriation between Wednesday and Friday.

    This is contained in statement by Rep. Abdulmunin Jibrin (Kano-APC), Chairman, House Committee on Appropriation, in Abuja.

    The statement said that the submission of the reports was to ensure that the second week of March deadline for passage of the 2016 Appropriation Bill was met.

    “This development is to allow Appropriation Committee extra time to work on the budget and guarantee an error-free budget and make a good delivery to Nigerians at the end of the day.

    “The following committees – Foreign Affairs, Road safety, Local Content and FCT- made very powerful presentations and others are expected to deliver between today and Friday.

    “The primary objective of this is to eliminate errors and waste that may be associated with the 2016 budget,’’ said Jibrin.

  • Reps query diversion of N1.5b by FCT management

    Reps query diversion of N1.5b by FCT management

    Federal Capital Territory (FCT) 2015/2016 budget presentation at the House of Representatives Committee on Federal Capital Territory (FCT) ended unceremoniously over unsatisfactory disbursement of funds for some projects.

    The Committee has also declared to investigate the diversion of N1.5b meant for compensation and resettlement of indigenes affected by the Centenary village project.

    At the continuation of the FCT budget defense by the Herman Hembe-led Committee during the week, the lawmakers expressed dissatisfaction with the inability of the Federal Capital Territory Administration (FCTA) to justify the huge disbursement of funds to one of the contractors handling some projects for the FCT.

    The Committee was further infuriated by the failure of the FCTA to furnish it with documents earlier requested, including Bill of Quantity for the residences of the Vice President, Senate President, Speaker of the House of Representatives and the United Nations (UN) building.

    The Committee was concerned that level of work on the various projects does not reflect the amount of money already sunk into them.

    Vice President residence contract was awarded at N7.1b out which N6.2b was already paid while the rehabilitation of UN building awarded at N5.1b had N3.9b already committed to it.

    Also, the lawmakers were at a loss over the residences of National Assembly presiding officers that have gulped N12b out of the N24b initial contract sum.

    While insisting that the figures given for the projects were outrageous, the Committee expressed dismay that despite collecting so much, the contractors could still abandon the projects.

    Committee’s Deputy Chairman, Serguis Ogun said it is imperative for all agencies of government to realise that it is no longer business as usual.

    “We are not rubber stamp that you can manipulate us the way you feel, the era of dolling out money for agencies without proper cross checking is over.”

    On the investigation of N1.5b meant for compensation and resettlement, the Committee said its decision was as a result of protest by the original occupants of Centenary village when it paid an oversight visit to some projects in the Federal Capital.

    The Committee further emphasised the need for an investigation due to complaints from the contractors handling the projects that progress was stunted as a result of resistance and protests by the indigenes over compensation, in addition to poor funding by the government.

    The contractors had told the Committee that the protests to the contractors by the affected people were not properly directed as they (contractors) have no issues with compensation.

    Bitrus Jiasalo, member representing Abuja Municpal Council/Bwari Federal Constituency of FCT, who expressed disappointment with the compensation matter, regretted that officials of FCDA were only paying lip service to the issue.

    “It is disheartening that the engineers of FCDA are all talking of settlement of villagers whereas nothing was paid to them and we cannot even see any plan for integration by the FCT administration as claimed.

    “I know that N1.5b was released by the Federal government for compensation of villagers in Centenary Village by the same FCDA yet no money was paid to the indigenes. We are going to investigate this matter,” Jisalo said.

    In his reaction to the issue of compensation and resettlement, FCDA’s Director (Engineering), Adamu Abu said the initial agreement between the FCDA and the indigenes was to integrate them and not to pay them compensation in monetary form.

  • ‘I, formerly known as . . .’

    ‘I, formerly known as . . .’

    No, I am not about to change my name.

    I have merely been paying closer attention than usual to the classified advertisement pages of the newspapers lately, following the example of the House of Representatives.

    They are chockfull of notices announcing name changes that usually begin, “I formerly known  as…” or “I formerly known and addressed as…” The closing phrase emphasises that all previous documents remain valid.

    Advertisement revenue has been at an all-time low, forcing newspapers to cut pagination drastically. But revenue from the classified pages, especially those featuring name changes, has never been greater.   By one estimate, the pages have grown at least five-fold.  At N4,500 per crack, and with some 100 inserts crammed into one of the several pages featuring that kind of material, we are talking serious money here.  In these hard times, it is almost as if the newspapers have struck gold.

    And the process of effecting this transformative change is as easy as it is cheap. Just go to the nearest newspaper house with your marriage certificate or sworn affidavit and a draft of the statement you want published, plonk down N4,500 – one of the best bargains you will find anywhere in this era of the shrinking Naira  — and it is done.  Even if you factor in the fee for the commissioner of oath operating under licence or by the roadside, it is still a great bargain.

    Many of the changes being advertised are innocuous, resulting mostly from marriage or re-marriage or divorce, or conversion to a new faith.

    Or from revulsion at having to bear a particular name, especially if that name is identified with a public figure who has fallen into disrepute.  An example that comes to mind here is Chief Samuel Ladoke Akintola, the last premier of Western Nigeria.

    Following his assassination in the bloody January 15, 1966 coup, the classified advertisement pages of the Daily Sketch overflowed day after day with notices from his Yoruba kinsfolk sharing his last name disavowing it, despite its intimations of nobility.  Not for them the risk of being associated in any way with the man they perceived as a major architect of the mayhem that had paralysed Western Nigeria for two years and in a way prepared the ground for the coup that would claim his life.

    Today, if Akintola is not regarded as a martyr, he is certainly no longer an object of loathing abhorrence.  He is acclaimed by many as a statesman and one of the founding fathers of Nigeria, patron-saint of the mainstreamers, and a communicator of the first rank.  A public university, located appropriately in his hometown, Ogbomoso, in Oyo State, bears his name. The name has been decoupled from his persona, its lustre restored.

    I should mention in passing that, down the ages, many who had found their names unprepossessing and could not bear to go through life so encumbered had changed them drastically.  Who can blame the Soviet tyrant formerly known as Djugashvili for changing his name to Stalin?

    Some of the name changes being announced in the newspapers are minor, the type I made more than 50 years ago by simply dropping the name I had been baptised with as an infant, long before it could appear on any official document that really mattered.  You wonder whether it is worth bringing such changes to public notice.  The persons doing so must have their reasons, I suppose.

    But not a few of the advertised changes are intriguing.   The new name is a re-arrangement of the old name, a permutation and combination of sorts.  It is as if the advertiser had just realised or learned in mid life or even well past that milestone that the previous combination was an error requiring urgent correction.

    The person formerly known and addressed as XYZ wishes henceforth and with immediate effect to be known and addressed as YZX, XZY,ZYX, or YXZ, without prejudice to all former documents

    Examples, names slightly altered:

    Omoloba Olanifemi Sadiku wishes to confirm to the general public that he is also Lanrewaju Olanifemi.

    No doubt as an act of courtesy, and for the avoidance of doubt, as the uniquely Nigerian expression goes, Osunyemi Babatile Daniel wants the general public to know and remember at all times that he and Oladele Immanuel Babatile Daniel are one and the same person.

    The gentleman formerly and variously known as James Okwat and Okwat Wiseman Okon now wishes to be known and addressed as Okwat Wiseman Okon James.  Kindly take note of this change, Zenith Bank and First Bank in particular, and the public in general.

    The lady who used to be known as Ethamor Mercy henceforth wishes to be known and addressed as Inneh Mercy Joseph Oluaye.

    Moses Olusegun Asola now wishes to be called Durofola Olusegun Moses.

    And please take note that Okafo Peter Amadi, Okoroafo Paul Ameobi and Okafo Pete-Bok refer to one and the same person who, desirous of saving the public and the institutions with which he has been affiliated the trouble of sorting things out, but without doing violence to previous documents on which those names appear, now wishes to be known simply as Okafo Pete Amadi.

    Note, too, that Kassy Lundi Palinus, also Kassie Monday Paulinus, being one and the same person, now wishes to be known and addressed as Kassy Lundi Stallone.

    Decidedly curiouser are the changes that amount to a wholesale repudiation of the name the bearers had answered for decades and used in all manner of transactions, and the adoption of new names that bear little or no connection to the previous names, previous documents remaining valid.

    Here are some random examples, names slightly changed: and previous documents remaining valid.

    The lady formerly Katharine Ifeyinwa Okunwa now wishes to be known and addressed as Oluwaseun Mustapha.

    Legum Friday, apparently fed up with having his first name misspelled as “Legume,” now wishes to be known as Precious Agba Abaah.

    The fellow formerly addressed as Omotegbe Osahunwa, and who has suffered the additional misfortune of having his birthday wrongly entered in official documents as May 4, 1981, now wishes to be known as Anaigolu Dodi Edmond, and to have October 4, 1982 recognised as his authentic birthday. Notwithstanding the errors aforementioned, all previous documents remain valid.

    And the good lady formerly known as Ehimare Sandy Lawrenta will henceforth be known as Obihuku Ibheke Lawrenca.

    It is this latter category of name changes that has moved the House of Representatives to call on the Central Bank of Nigeria and the Nigeria Police to check the antecedents of new applicants for the Bank Verification Number, persuaded that the frequent change of names in national dailies could be a way to circumvent the process and perpetrate fraudulent acts.

    Nor did the House stop here.  It mandated its Standing Committees on Information, Police, Judiciary and Banking and Currency to investigate the matter.

    Easy, Honourable Ones, easy.

    Nigerians can no longer change their names and identities as frequently as they please  — they cannot exercise their freedom of speech —without the legislature of all institutions, inciting the banking regulatory authorities and the police and the EFCC against them?

    What is this country coming to?

  • Budget 2016 scales second reading

    Budget 2016 scales second reading

    The 2016 appropriation bill passed second reading amid scathing criticisms from  members of the opposition at the House of Representatives yesterday.

    Speaker of the House, Yakubu Dogara however  said the debate so far was illuminating and it should be a guide to the House in the perfection of the 2016 appropriation bill at the various committee stages.

    “Let us put the interest of Nigerians first over our own interests,“ Dogara added.

    Criticising the 2016 appropriation proposals presented by President Muhammadu Buhari, Minority Leader of the House of Representatives, Leo Ogor (PDP,  Delta) said the document fell short.

    He wondered why the budget is N6.03 trillion when one adds up the figures instead of the touted N6.07 trillion.

    He also criticised a situation in which the expected estimates from the Nigerian National Petroleum Corporation (NNPC), Central Bank of Nigeria (CBN) and other agencies were not attached.

    Linus Okorie (PDP, Ebonyi), in  his contribution said the budget is a fraud, adding that over N330 billion was built into the 2016 budget, saying it was an encouragement of corruption.

  • PDP loses one seat in House of Representatives

    PDP loses one seat in House of Representatives

    Peoples Democratic Party (PDP) capacity was reduced by one seat with a loss of its representative in the House of Representatives on Tuesday as Ferdinand Dozie Nwankwo representing Njikoka/Anaocha/Dunukofia federal constituency of Anambra State took over the seat.

    Nwankwo of All Progressives Grand Alliance (APGA), who was returned duly elected by the Appeal court was administered the oath of office by the Clerk of the House , Sani Omolori.

    PDP now has 139 members while APGA has 5.

    Noting that his victory was a reinforcement of the rule of law, the new lawmaker said Nigerians have cause to believe in the nation’s justice system.

    As a consequence, Nwakwo said the anti-corruption drive of President Muhammadu Buhari’s government must be given all the support reqiured to succeed.

    Saying that the need to rid the country of corrupt practices has become inevitable, he promised to work in concert with his colleagues to make good laws required to ensure good governance in the polity.

    “I am here to make quality legislation. I am here to see how to enhance the laws that will benefit my constituency.

    “We will try our best to solve the multiple problems facing our people back home. I am an agent of change. I believe that the federal government is doing what it can .

    “I will support every good laws that would fight corruption. Corruption is an endemic disease ravaging us and we need to fight it with every quality laws that we can make, ” he said.

  • Reps probe commercial banks for enslaving marketers

    Reps probe commercial banks for enslaving marketers

    The House of Representatives is to probe money deposit banks (MDBs) for abusing the rights of their workers by setting unrealistic deposit targets for them.

    The lawmakers regretted that when the workers failed to meet the targets, they were usually subjected to harassment, intimidation, demotion and summary dismissal by the management.

    The decision of the lawmakers followed the adoption of a motion by Segun Adekola (APC, Lagos), who described the trend as outright breach of the dignity of the human person and of labour. He said it negates the concept of decent work Agenda of the International Labour Organisation (ILO).

    He said: “Banks give their employees targets to bring in unrealistic and unattainable irrational deposits ranging from millions to billions of naira, within a time frame ranging from one to six months.

    “These banks resort to unethical means to ensure that the targets are met by either explicitly or implicitly encouraging their workers, especially the female ones to engage in indecent behaviours to attract the deposits.

    “Many banks are guilty of enslavement through the policy of causalisation of workers without adequate welfare packages, high level of stagnation without promotion, discriminatory practices against female workers, long working hours and vicious dismissal policies.”

    In his contribution, House Leader, Femi Gbajabiamila regretted that the unwholesome practices of the banks was defended during a public hearing when a similar bill he sponsored in the last Assembly scaled second reading.

    At the hearing, Gbajabiamila said female management workers of some of the banks said female workers were not compelled to ‘solicit’ for deposits.

    Saying such practices could not be replicated by the banks that have branches abroad and other banks operating in the country with foreign affiliation, the Minority Leader urged the House to rise up and do something to enforce the dignity of labour.

    “Many of the banks have footprints abroad where they cannot engage in such practices, but here, their workers throng the corridors of power, knocking at doors and seeking deposits from clients.

    “Women are victims, but we also have young men who are victims too,” he said.

    On her part, Nnnena Ukeje (PDP, Abia) said the House may not be able to legislate on the matter, but could appeal to the moral conscience of the banks management on how un-dignifying their policies are since prostitution has different forms.

    The Speaker, Yakubu Dogara before putting the motion to vote, appealed to the conscience of the banks while  calling for policies to discourage ‘corporate prostitution’ in the country.

    The Committee on Banking and Currency was given a month to carry out the investigation and report back to the House.

  • House of Representatives sinks deeper into crisis

    House of Representatives sinks deeper into crisis

    •APC members accuse Dogara of disloyalty, sabotage

    •Speaker inaugurates committees amid division, tension

    The gulf created among members of the All Progressives Congress (APC) in the House of Representatives by the distribution of committee positions is widening by the day.  Attendance at yesterday’s inauguration showed that the wounds may take more time to heal, write Tony Akowe, Victor oluwasegun and  DELE ANOFI Abuja. 

    THIS is not the best of times for the All Progressives Congress (APC)-dominated House of Representatives. The bad blood generated by the distribution of the 96 standing committees by Speaker Yakubu Dogara in the Green Chamber boiled over yesterday.

    The APC members in the House yesterday accused the Speaker working with the opposition party to scuttle the change agenda of the APC-controlled Federal Government. They accused Yakubu of allocating committees that are sensitive and crucial to the success of the government to the rival Peoples Democratic (PDP).

    Some of the lawmakers, who claimed to be loyal to the party yesterday met at the APC National Secretariat and at the end of their parley accused the Speaker of being a fifth columnist and an agent provocateur. They alleged that Dogara has offered himself as an agent of destabilisation for some powerful forces that brought the nation to its knees.

    But an aide to the Speaker, who pleaded for anonymity, declined to react to the weighty allegations.

    Addressing a news conference at the end of the meeting, their spokesman and a member representing Gada/Goronyo Federal Constituency in Sokoto State, Musa Sariki Adar Kaffe, said the only part of honour left for the Speaker was to reverse the current order in the interest of Nigerians who are waiting for APC deliverables.

    The APC lawmakers also accused the speaker of openly romancing PDP legislators and refusing to show genuine commitment to the APC Caucus in the House, frustrating meetings and instead, holding clandestine meetings to plot APC downfall.

    They said: “It is on record that Hon Yakubu Dogara has consistently taken the APC for granted on past occasions.

    “He has showed contempt for APC’s national leadership by spearheading a boycott when the former attempted to offer guidelines to House members before the election that threw him up as Speaker, with a slim majority.

    “Upon his emergence as Speaker, Hon. Dogara insisted on foisting his misguided and arrogant imposition of so-called ‘federal character’ in the Body of Principal Officers of the House, so as to frustrate the early stabilisation plan of the House as proposed by our party.

    “Since climbing to the seat, Dogara has refused to belong properly to the APC House caucus, frustrating meetings, and, instead, romancing openly PDP legislators, including holding clandestine meetings to plot the downfall of our party.

    “In furtherance of this treachery, he has severally frustrated efforts by patriotic members who wanted to table salutary motions aimed at commending and encouraging Mr. President’s anti-corruption measures so far taken.

    “In the same vein, the Speaker has continued to suppress critical and dissenting voices from contributing in debates at plenary sessions, while shamelessly promoting the dominance of activities of the House by hostile, opposition elements.

    “Instead of promoting unity in the House, he is recklessly pursuing the path of division along ethnic and faith lines. In pursuit of his tyrannical agenda, the Speaker has caused a motley crowd of his co-conspirators to amend the House Rules, to enable him suspend members at will and generally apply punitive measures to kill the well-known vibrancy that has historically characterised the House of Representatives.

    “The composition of head ships of committees must be seen for what it is: a declaration of war against the APC and the Presidency – all calculated at sabotaging the majority advantage that APC enjoys, with ultimate aim of rolling back the electoral victory of our party.

    “The composition of chairmen and deputy chairmen of committees are clear manifestations of the marginalisation of the ruling All Progressives Congress. Under the 7th Assembly headed by Hon. Aminu Tambuwal, the then majority party – PDP got 63 out of 89 committees of the House which constituted 71 per cent share of the committees while the minority parties – Action Congress of Nigeria (ACN), All Nigeria Peoples Party (ANPP), Congress for Progressive Change (CPC) and others got only 26 out of the 89 committees which underscores the fact that the minority got only 29 per cent share of the committees.

    “Unfortunetely, under Speaker Yakubu Dogara the majority party – APC – got 50 per cent share of committees, same with the PDP and other minority parties which equally got 50 per cent.

    “No legislature in the world had ever shared committees on 50:50 ratios between the majority and minority parties. There must be a clear cut margin between majority and minority parties as was done in previous assemblies.

    “Worthy of note that, in the U.S Congress, the current majority party (Republican) enjoys 100 per cent committee chairmanship allocation while the minority party is only considered for deputies and also most African parliaments do not share same equally.

    “It is curious that strategic committees such as Petroleum, Power, Environment, Works, Gas, Foreign Affairs, Banking, Information Technology, Aviation, National Planning, Nigerian Ports and Waterways which are crucial to the success of President Muhammadu Buhari’s ‘change agenda’ were given to PDP by Speaker Yakubu Dogara.

    “What is the motive behind such undemocratic move? Is it to derail the change agenda of President Buhari to ease their ungodly marriage with PDP ahead of 2019? Nigerians are yearning for meaningful development before 2019 and APC must be allowed to deliver on its mandate.

    “It is therefore absolutely clear that Hon Yakubu Dogara is, but a fifth columnist, an agent provocateur committed to destabilising the House on behalf of the powerful forces that have ruined Nigeria and brought us to the current sorry past.

    “For this and other reasons, therefore, the only path of honour opened to Speaker Yakubu Dogara, is to reverse the current order in the interest of Nigerians who are waiting for APC deliverables.”

     

     

  • Reps to probe NIPC over N1.85tr tax waivers

    Reps to probe NIPC over N1.85tr tax waivers

    • NNPC/IOCs JV agreement too

    The House of Representatives is set to probe the Nigerian Investment Promotion Council (NIPC) for the N1.85 trillion pioneer status ‘income tax relief’ it allegedly granted  to some firms.

    It has mandated its Committee on Finance (when constituted) to investigate the issuance of pioneer status granted over the past six years to determine if there were any abuses and recommend ways to recover lost revenues.

    The Committee is also to bring to book anyone who wilfully disregarded the laws to cause monumental financial loss to the country.

    The House resolution followed a motion brought by a member Herman Hembe (APC-Benue).

    Hembe said the NIPC “has in the last four years failed to adhere strictly to sections of the law establishing the agency which stipulates that companies with pioneer status be granted tax relief only for a three year period.”

    Meanwhile, the House also resolved to investigate the revenue that accrued to the Nigerian National Petroleum Corporation (NNPC) from its Joint Venture (JV) agreements with the international oil companies (IOCs) in order to ascertain the revenues that came to the Federation Account.

    The  IOCs involved in the JVs are Chevron Nigeria Limited (CNL), Shell Petroleum Development Company of Nigeria Limited (SPDC), Texaco Overseas Petroleum Company of Nigeria Unlimited (TOPCON),  Elf Petroleum Nigeria Limited (EPNL), Nigerian Agip Oil Company Limited (NAOC) and Mobil Producing Nigeria Unlimited (MPNU).

    The resolution of the House was sequel to the adoption of a motion sponsored by a member, Hon. Ossai Nicholas Ossai (PDP-Delta) with “Recovery of Revenues Payable to the Federation Account from NNPC and its Joint Venture Partners” as its title.

    The House also resolved to set up an Ad-hoc Committee to inquire into  the operations of the JV agreements especially as regard leakages and carry out forensic review of the JV books with a view to establishing total revenue accruals from the JV partnership over the past seven years.

    Part of the Committee’s brief is to ascertain the actual amount remitted to the Federation Account and report back to the House within seven days.

    He said: “Federal Government’s contribution to the funding of the joint venture is sourced from the Appropriation Act and released by the NNPC through a system of monthly Cash Calls which frees the government from any other cost obligation.

    “Besides the lifting of oil in the agreed sharing ratio, there are associated incomes or miscellaneous revenues accruable to the joint venture, for which government is entitled to a good share in accordance with the joint operation agreements.

    “Section 162(1) of the Constitution of Nigeria requires all collectable revenues of the government of the federation to be paid into the Federation Account.

    On the resolve to probe the NIPC, Hembe quoted Section 1 of the Investment Development (Income Tax Relief) Act 17 and Companies Income Tax Act vests power on the president to grant pioneer status or tax relief as incentives to investors interested in under-explored sectors of the economy, considered to be important to the growth of the economy.

    He said Section 10 of the Investments Development Act further provides that tax relief period shall be for three years from the first day of production by the company with option for extension for another year or two.

    He said the income tax relief which was designed to attract and keep investors, has been severally abused with the NIPC in some cases, retrospectively granting tax waivers even as some companies were issued tax relief upward of five years.