Petroleum Industry Bill, PIB 2021- Political Fraud?

Yesterday, the Senate passed the PIB. which can be defined as the content of that PIB bill was a pure Coup against the South part of Nigeria.

It was a ploy to further Rob the South that produces the oil and pay the North that doesn’t produce a single drop of oil in the name of one Nigeria.

Firstly, the Senate cut down compensations payment for Host communities from 5% to 3% against the cries of southern Senators.

Secondly, the Senate has redefined the host community to mean any community that the oil pipeline passes thru. By implication, host communities will now imply all states that don’t produce oil but have oil pipelines passing thru it.

This automatically makes some Northern states that don’t produce oil become host communities and henceforth benefit from compensations.

Before now, host communities were communities that produce oil or have petroleum facilities/ installations in their land.

Thirdly, the Senate came up with a new Fraudulent jargon called “Frontier Exploration”, for which they have earmarked 30% of NNPC profits to be servicing these Frontier Explorations yearly.

Mind you, all the so-called Frontier Exploration projects are domiciled in the North: – Chad basin, Borno etc. So automatically, 30% or more (totally about 48%) of NNPC profits will be going to the North that does not produce a single drop of oil, while the remaining will be shared by the Federating States.

My big worry is that, while many Southern Senators failed to stop this robbery of a bill on the floor of NASS, many Southern Nigerians are busy celebrating the passage of this fraudulent PIB because they do not know the content of the bill.

Once this PIB is ratified on the Joint session of Senate and Representative, it automatically becomes law once Buhari gladly signs off.

From thence, the North will fight tooth and nail and resist any attempt to amend it.

This is how the North has been robbing the South and enjoying more from oil proceeds since independence.

If you ask me, I would say Southerners should call their Representatives and Lawmakers at the NASS to reject the ratification of that PIB, but call for proper amendment before ratification when

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