Відмінності між версіями «Користувач:TyrellReda275»

Матеріал з HistoryPedia
Перейти до: навігація, пошук
м
м
 
(не показані 2 проміжні версії цього учасника)
Рядок 1: Рядок 1:
−
Operators in the oil and gas industry have identified gaps in the Petroleum Industry Governance Bill (PIGB) passed by the Senate.<br><br><br>Yinka Folawiyo Petroleum Company Limited Chief Executive Officer (CEO) Mr. Tunde Folawiyo; Wema Bank Plc CEO Mr. Segun Oloketuyi; Lead Partner, Legal Advisory Partnership, Anthony Idigbe (SAN); and President, Business School, Netherlands, Mr. Lere Baale, discussed the bill at a breakfast lecture entitled: "Petroleum Industry Bill: Challenges and opportunities," organised by the Island Club at Onikan, Lagos.<br><br><br>Folawiyo, the guest lecturer, said: "When the BPE holds 49 per cent of an asset we all know what that means. It means we are preparing for another public ownership. BPE is not set up to own asset; it was set up to privatise public assets."<br><br><br>According to him, there is "nothing in the proposal that has provision to reduce gas flaring, which is one of the major challenges the country is facing. It will not also be subject to Procurement Act. This appears counterproductive. Accountability and transparency will suffer for this.<br><br><br>"No provision about ownership of pipelines, depot and other assets of government. Nothing is also mentioned in terms of pricing mechanism for downstream sub-sector."<br><br><br>However, opportunities abound in the bill, which is a great start for the oil sector, he added.<br><br>Olaketuyi, represented by Head, Energy Desk of Wema Bank, Segun Oderinde, stated that PIGB would separate the minister from the industry and the industry from the minister. "PIB is to ensure that producers must key their supply obligations on gas. This is an opportunity because over 28 per cent of banking sector loans portfolio was devoted to the oil and gas sector," he said.<br><br><br>Baale noted that Nigerians "should not only be excited by the level of progress being made on the bill but also look for opportunities that the bill comes up with."<br><br><br>The Chairman, Island Club, Mr. Banji Oladapo, corroborated Baale, stressing that members of the club were working round-the-clock to take advantage of opportunities in the PIGB.<br><br><br>Idigbe (SAN), represented by Nnamdi Oraukwu, said: "Presently, only the first fragment of the PIB has been passed by the senate. It must be observed that the PIGB only deals with the one aspect of the PIB, that is the governance and institutional framework of the Nigerian Petroleum industry, and as such would not deliver the full benefits of the intended reforms except if the other aspects of the PIB such as the Petroleum Host Community Fund and Petroleum Fiscal Regime were also passed into law.<br><br><br>"For instance, we know that one of the major challenges facing the Nigerian petroleum industry is host community and Niger Delta issues. Until the recent peace diplomacy to the oil region by the Federal Government, the militant attacks in the Niger Delta led to significant amounts of shut-in production at onshore and shallow offshore fields and frequent declaration of force majeure by oil and gas companies in Nigeria."<br><br><br>Idigbe noted that militancy led to drastic decline in revenue projections and crude oil barrels for 2016 to 2018 from 2.2mbpd-2.5mbpd down to a mere 1.5mbpd in 2016, thereby worsening Nigeria’s economic crisis and pushing the country deeper into recession, exchange rate crisis, and stagflation.<br><br><br>"Therefore, it is important that any legislation to address the challenges in the Nigerian oil and gas industry must make provisions on how to effectively address the Petroleum Host community issues," he said.<br><br><br>He said the non-inclusion of the Petroleum Fiscal Regimes aspect of the Petroleum Industry Bill (PIB) may mean that investors would continue to adopt a wait-and-see attitude, refraining from making any new major investment decision in Nigeria.<br><br><br>"The fact is that it is the Fiscal Regime aspect of the PIB that will guide the final decision of investors on how much to invest in the Nigerian petroleum sector as it has direct impact on the economics of the investments in the Nigerian oil and gas sector vis-a-vis other Petroleum host countries. This aspect is therefore, very critical.<br><br><br>"I adopt the view of a writer on the issue of the prolonged evolution of the PIB to say that progress is better than perfection. This fits perfectly when one thinks of the several attempts that have been made in the past to pass the almighty PIB.<br><br><br>"In line with recommendations made by various stakeholders, the government has decided to break it up and pass it in parts. While the version approved by the Senate is not perfect by any means, it is progress nonetheless - which is what we need in Nigeria right now," Idigbe said.
+
The vice president of Nigeria, Prof. Yemi Osinbajo (SAN) has charged senior lawyers to adopt self-regulation mechanism in order to tackle recurring qualified misconduct amongst members.<br><br><br>The vice president mentioned when that is done, the profession and the administration of justice system would survive the assault occasioned by all manner of misconduct prevalent in the system.<br><br><br>Osibanjo, in his remark at the maiden annual dinner of the Body of Senior Advocate of Nigeria (BOSAN) at the weekend in Lagos, stated developing and preserving effective disciplinary structures and rules amongst lawyers seem to be a large challenge as self-regulation is non-existent.<br><br><br>"There is no forum for calling out a poor egg. There is a have to have for a consensus on how to ensure that the greatest deed that we have received, deed which is of a respected profession is not destroyed in our own time. It is a consensus that would be built only on sacrifice. Sacrifice in ethnic and other parochial loyalties, exactly where our profession is threatened and generating a system of discipline that definitely neither fears buddies nor folks.<br><br><br>"One is not advocating some mere moral reawakening because virtually all of us have taken advantage in one particular way or the other from a technique where there is no consequence for misbehaviour.<br><br><br>It is our duty as professionals especially these of us of the inner bar to guarantee that our profession and the administration of justice method survives the assault of it by all manner of misconduct," he stated.<br><br><br>According to him, the legal profession in Nigeria and the method of administration of justice is maybe one of the oldest of the professions. "It has created reputation, dynasty, massive wealth and modest livelihood for generations, but its integrity, credibility and relevance are gravely threatened and have been so for so numerous years.<br><br><br>"It seems that those of us who are senior lawyers perpetrate some of the greatest acts of malfeasance," he charged and congratulated the new silks and wished them a lot higher accomplishment in the years to come.<br><br><br>The Chief Justice of Nigeria, Walter Onnoghen, who was represented by Justice John Inyang Okoro commended BOSAN for its recent defence of judges as they have stood as the sole voice of the law in Nigeria.<br><br><br>He added that lawyers should really return to fundamentals and make optimistic contributions to Nigeria’s development by making certain that justice is appropriately served at all instances.<br><br><br>"The identical code of conduct that binds the judge, apply to the senior advocates, hence there need to be induction of persons selected to be senior advocates," he advised.<br><br><br>He said SAN must not use delay tactics to slow down justice and advised SANs to be fair in their conducts.<br><br><br>Former Nigerian Higher Commissioner to the United Kingdom, Dr. Christopher Kolade, mentioned leadership is an influence of connection involving leaders and followers hence both leaders and followers should pursue the identical purpose.<br><br><br>He added that there really should be powerful communication involving leaders and followers, stressing, "communicating correctly does not necessarily mean talking to individuals efficiently but listening to individuals effectively".<br><br><br>According to Folake Solanke, the 1st female SAN, senior advocates should have constructive influence on younger lawyers. It is an aberration, she stated, for a lawyer to be rude to a judge. She advised young lawyers to always address judges as ‘my lord’ as a mark of professionalism.

Поточна версія на 01:25, 20 листопада 2017

The vice president of Nigeria, Prof. Yemi Osinbajo (SAN) has charged senior lawyers to adopt self-regulation mechanism in order to tackle recurring qualified misconduct amongst members.


The vice president mentioned when that is done, the profession and the administration of justice system would survive the assault occasioned by all manner of misconduct prevalent in the system.


Osibanjo, in his remark at the maiden annual dinner of the Body of Senior Advocate of Nigeria (BOSAN) at the weekend in Lagos, stated developing and preserving effective disciplinary structures and rules amongst lawyers seem to be a large challenge as self-regulation is non-existent.


"There is no forum for calling out a poor egg. There is a have to have for a consensus on how to ensure that the greatest deed that we have received, deed which is of a respected profession is not destroyed in our own time. It is a consensus that would be built only on sacrifice. Sacrifice in ethnic and other parochial loyalties, exactly where our profession is threatened and generating a system of discipline that definitely neither fears buddies nor folks.


"One is not advocating some mere moral reawakening because virtually all of us have taken advantage in one particular way or the other from a technique where there is no consequence for misbehaviour.


It is our duty as professionals especially these of us of the inner bar to guarantee that our profession and the administration of justice method survives the assault of it by all manner of misconduct," he stated.


According to him, the legal profession in Nigeria and the method of administration of justice is maybe one of the oldest of the professions. "It has created reputation, dynasty, massive wealth and modest livelihood for generations, but its integrity, credibility and relevance are gravely threatened and have been so for so numerous years.


"It seems that those of us who are senior lawyers perpetrate some of the greatest acts of malfeasance," he charged and congratulated the new silks and wished them a lot higher accomplishment in the years to come.


The Chief Justice of Nigeria, Walter Onnoghen, who was represented by Justice John Inyang Okoro commended BOSAN for its recent defence of judges as they have stood as the sole voice of the law in Nigeria.


He added that lawyers should really return to fundamentals and make optimistic contributions to Nigeria’s development by making certain that justice is appropriately served at all instances.


"The identical code of conduct that binds the judge, apply to the senior advocates, hence there need to be induction of persons selected to be senior advocates," he advised.


He said SAN must not use delay tactics to slow down justice and advised SANs to be fair in their conducts.


Former Nigerian Higher Commissioner to the United Kingdom, Dr. Christopher Kolade, mentioned leadership is an influence of connection involving leaders and followers hence both leaders and followers should pursue the identical purpose.


He added that there really should be powerful communication involving leaders and followers, stressing, "communicating correctly does not necessarily mean talking to individuals efficiently but listening to individuals effectively".


According to Folake Solanke, the 1st female SAN, senior advocates should have constructive influence on younger lawyers. It is an aberration, she stated, for a lawyer to be rude to a judge. She advised young lawyers to always address judges as ‘my lord’ as a mark of professionalism.

Отримано з http://istoriya.soippo.edu.ua/index.php?title=Користувач:TyrellReda275&oldid=255482