Connect with us

NEWS

Reps Blasts FG Over Privatization Of National Assets, Stop Exercise

Published

on

The face-off between the National Assembly and the Executive arm of government escalated on Thursday as the House of Representatives accused the Muhammadu Buhari administration of engaging in “executive lawlessness and impunity”.

This is coming as the upper chambers ordered the Federal Executive Council to stop all concessions and privatization of national assets not approved by the National Council of Privatization (NCP).

The House specifically condemned the lack of due process by the Federal Executive Council (FEC) and violation of laws passed by parliament in approving the concessions and privatization of assets and directed its committees to investigate the matter and make recommendations to the House within two weeks.

The assets cited by the lawmakers include the engagement of Agip for the rehabilitation and operation of the Warri Refinery; concession of the Nigeria Railway Corporation (NRC) narrow gauge lines to G.E of USA; and the Federal Ministry of Aviation’s processes for the concession of four international airports, i.e Nnamdi Azikiwe International Airport, Abuja,  Murtala Mohammed International Airport, Lagos, Mallam Aminu Kano International Airport, Kano and Port Harcourt International Airport.

The decision of the House followed a motion sponsored by Mr. Mark Gbillah (APC, Benue) during plenary on Thursday, Orderpaper has reported.

Leading the debate, Gbillah argued that “despite the resolution of the House, the Federal Executive Council has without the NCP and BPE or compliance with due process, continued to make decisions on Privatization and Commercialization of public enterprises.

Advertisement

“That in the absence of a formally constituted and inaugurated National Council of Privatization, the Federal Executive Council in violation of the provisions of Section II of the Public Enterprises (Privatization and Commercialization) Act 1999 approved the concession of the Nigerian Railway Corporation narrow gauge lines to G.E of  United States of America and also the concession of four National Airports, namely: NnamdiAzikiwe International Airport, Abuja, Murtala Mohammed International, Airport, Lagos, Mallam Aminu Kano International, Airport, Kano and the Port Harcourt International Airport”

The lawmaker further argued that the non-adherence to provisions of the Acts of Parliament by the Federal Executive Council is “tantamount to executive lawlessness and impunity and the continued approvals for the concession of public enterprises in violation of section II of the Public Enterprises (Privatization and Commercialization) Act 1999 if not checked, will result in loss of investors’ confidence in the Federal Government’s privatization programme and encourage corruption and lack of transparency.”

Gbillah also disclosed that the Executive had continued with some of the concessions despite contrary directives from the House, stressing that “the House Committee on Privatization and Commercialization of the 8th Assembly investigated the attempt by the NNPC to engage investors to rehabilitate the three NNPC Refineries situated at Kaduna, Warri and Port Harcourt without the involvement of the Bureau of Public Enterprise or approval of the National Council of Privatization in violation of the provisions of the Public Enterprises (Privatization and Commercialization) Act 1999 and directed that the process be halted until the formal constitution and inauguration of the NCP for due process to be followed.”

Supporting the motion, Lego Idogbo, (PDP Cross River), stated “National Council of Privatization is the only body saddled with the responsibility; the Federal Executive Council has no power to usurp the power of the National Council on Privatization. We need to call the Executives to order”

The House unanimously adopted the prayers of the motion.

 

Advertisement

 

Continue Reading
Advertisement
Click to comment
FEATURED2 hours ago

FG Reaffirms Commitment to Modernize Navy as Defence Minister Lauds Regional, International Collaborations

NEWS6 hours ago

Traders Count Losses as Fire Guts Abraka Wooden Shop Near DELSU Campus

ENTERTAINMENT7 hours ago

‎Beyoncé Joins Billionaire Club as Forbes Values Her Fortune at $1 Billion ‎

Blessing CEO
FEATURED9 hours ago

UPDATED: Alleged N36m Fraud: Blessing CEO’s Bail on Hold as Court Reserves Judgment

FEATURED10 hours ago

‎Delta Police Intercept Massive Drug Haul, Arrest Three Suspected Traffickers ‎

secure number one position
FEATURED20 hours ago

‎Ogun Police Nab 7 Suspects, Recover Firearm, Stolen Items

#SPORTS1 day ago

Davido to Headline the 2026 Official FIFA World Cup Countdown Concert in U.S.

FEATURED1 day ago

‎State Police Framework Near Completion as Tinubu Pushes Constitutional Amendment

FEATURED1 day ago

Delta 2027: Peter Obi Support Group Congratulates Chris Iyovwaye as NDC Guber Candidate

FEATURED2 days ago

A Vote for Peter Obi in 2027 Is a Vote for Tinubu – Says Kenneth Okonkwo

FEATURED2 days ago

‎Users of Solar-Generated Power Can Now Sell Excess Electricity to the National Grid

FEATURED2 days ago

‎Police Debunk Viral Claims of Release of Abducted Oyo Pupils, Teachers

FEATURED2 days ago

‎Peter Obi Warns Young Nigerians Against Ethnic Division, Urges Focus on Unity and Nation-Buildin

FEATURED2 days ago

2027 Rumble: Okowa’s Camp Fires Back at Victor Ochei, Debunks Nepotism Claims

FEATURED2 days ago

‎Peter Obi Appeals for Release of Abducted Schoolchildren, Condemns Rising Insecurity ‎

Advertisement
Advertisement

z