House has started debating the subsidy report. You can watch it live on channel TV. Farouk Lawan is the one addressing the house now.

watch here: Live

Good. They had better be open and plain about it. Please whoever is following it should give us updates. Thanks

Farouk has finished his presentation. Oyo representative is the one speaking now after the speaker throw the floor open.

Is this been televised and does anyone have a link?

I like the Farouk guy, already been mentioned in some close quarters as a potential governorship candidate for Kano state.

yes, channel televison is showing it live.

post live link here please

Recommendation four passed, but proposed amendment was rejected rejected by the house. All previous three recommendations were passed.

Recommendation four

The Committee recommends that the NNPC should be unbundled to make its operations more efficient and transparent, and this we believe can also be achieved through the passage of a well drafted and comprehensive Petroleum Industry Bill. The Committee 187 therefore urges the speedy drafting and submission of the bill to the National Assembly

Proposed amendment to recommendation five (currently being read by Hon Osagie): "House directs auditing of NNPC by Auditor General of the federation to be carried out within three months and reported to the house. House trying to agree of actual wording of this amendment"

Recommendation five

The Committee wishes to recommend that the House do direct for the auditing of the NNPC to determine its solvency. This was as a result of plethora of claims of indebtedness and demands for payments by NNPC’s debtors which, if not well handled, will not only affect the entire economy of Nigeria, but also the supply and distribution of petroleum products.

Examples: Nigeria Customs Service = N46 billion
Nigeria Ports Authority = N6 billion
Trafigura et al = $3.5 billion

Debate on-going...
More amendments being proposed.

House is trying to find clear blue water on what constitutional role of the auditor general is.
Point of order come dey overtake point of order

Amendment to recommendation 5 still suspended in thin air...

Ha, "it is a question of semantic".
"The house do hereby direct the auditor of the federation to urgently blah blah blah..."

Amendment has been adopted!
On to recommendation 6.
Ha, more verbals fisticuffs on recommendation 5? Ok, rejected!

Recommendation 6/7 carried!

6

The House should direct the NNPC to stop any form of deduction not captured in the Appropriation Act before remittance to the Federation Accounts, and the Corporation should submit its transactions to the operational Guidelines of the Subsidy Scheme.

7

NNPC Retail, Independent Petroleum Marketers Association of Nigeria (IPMAN) and Major Oil Marketers Association of Nigeria (MOMAN) should be the outlets for the distribution of Kerosene to ensure availability and affordability of the product to Nigerians

http://www.channelstv.com/home/live/ This is the live feed.

Hon. Abike Dabiri propose that culprits should refund monies illegally paid to them back under 3 months (90 days)

Proposed amendment to recommendation 8 being read by Abike Dabiri.
"Money needs to be refunded within three months"!

Recommendation 8

The NNPC should also refund to the Federation Account the sum of NGN285.098Billion being over-deductions as against PPPRA approvals for 2011. The Relevant Anti- Corruption Agencies should further investigate the Corporation for deductions for the years 2009 and 2010.

Point of order.

Hon of the moment, Lawan Farouk, holding the floor...

Recommendation 8 accepted

Recommendation 9

As postulated earlier in this report, data provided by NNPC and CBN tends to suggest that for 2009, 2010, and 2011, NNPC deducted subsidy payments from two different accounts. It is the recommendation of this Committee that Relevant Anti- Corruption Agencies conduct thorough investigations into this matter and where it is established that double withdrawals were made, the extra amounts should be paid back to the Treasury and those involved prosecuted.

Proposed ammendment: Hon John Dare(?)from Benue wants NNPC barred from ever going near the excess crude account.

Hon Farouk Lawan moves that recommendation 9 be passed in its current form
Recommendation 9 adopted.

On to rec.10

Nairalander Order !!!

Board and mgt of NNPC should be dissovled.
seconded

"Overhaul means renovate according to websters dictionary", according to a certain Honourable.
He wants the board dissolved instead

Recommendation 10

The Management and Board of the NNPC should be completely overhauled and all those involved in the following infractions be further investigated and prosecuted by the Relevant Anti -Corruption Agencies:
a. Payment of N285.098 Billion in excess of the PPPRA recommended figure for 2011
b. Subsidy deductions of N310,414,963,613 for kerosene against a Presidential Directive
c. Direct deductions from funds meant for the Federation Account in contravention of Section 162 of the Nigerian Constitution
d. Illegal granting of price differential (discounts) of crude oil price per barrel to NNPC to the tune of N108.648Billion from 2009-2011.

Further amendments being proposed...?

oh no! why cant it be dissolved?

Hon Shehu Shagari proposes an amendedment to recommendation 14.

In his words: recommendation 14 should become 14(1)...

Recommendation 14

a.All staff of PPPRA and DPR involved in the a. processing of Applications by importers, and 190 b. verification, confirmation and payment for imported products by Importers and NNPC should be investigated/prosecuted by Anti- Corruption Agencies for negligence, collusion and fraud.

Recommendation 16

The Chairman of the Board of PPPRA from 2009 – 2011, and the entire Members of the board during the period are hereby reprimanded and their decision which opened the floodgate for the Bazaar is condemned in the strongest terms.

Proposed amendment: Sharp-shooting Hon wants Bode George treatment meted out to Chairman/Member of PPPRA board.
What a stand up guy this Honourable is...

A certain Honourable Bimbo taking us back to recommendation 10.
This honourable dey meander all over the place
Honourable Bimbo vex o no be small...

His point is getting all confusing now.
Cut to the chase, I beg, Hon Bimbo...

Order...Order..Order

omo, hear shout of "no no no no no"

This guys are fool. Damn!! see how they are shouting like taughts

Too rowdy

Everything don scatter. Channels tv audio output self no try

executinal: This guys are fool. Damn!! see how they are shouting like taughts

we pay them to shout nah. bloody set of b@$tards

Honourable Femi puts a stake in the ground shouting out "the world is watching...we cannot not move on, we cannot move on, we cannot move on!..."
Not sure what his objection is to be honest.

Pandemonium breaks out...
Relative calm once more.

no no no no no. don't prosecute PPPRA. orisi risi . . . the ayes have it

There is confusion in the house over recomendation 16, chairman is trying to move to 17 without the house resolving it but minority are vehemently against it.

The speaker is not even organize. If i may ask what will be the outcome after all this their silly time wasting

to the hme page pls

Clause 16 is amended to read that officials of PPPRA and NNPC indicted by the subsidy probe report should be prosecuted by relevant agencies