Presidency disowns version of PIB in circulation

Posted: July 17, 2012 in General

The Presidency, yesterday,
disowned the version of the Petroleum Industry Bill presently in circulation that has  been published on some websites, saying PIB which was approved by the Federal Executive Council recently was still undergoing finishing touches by relevant government agencies.

A statement in Abuja by Special Adviser to the President on Media and Publicity, Dr Reuben Abati, advised all stakeholders to ignore the purported PIB in circulation as it was fake.

According to Abati, on completion of work on the Bill, it would be sent to the National Assembly on the seal of the President.

The statement read: “The Presidency has noted with concern and dismay that a document alleged to be the new Petroleum Industry Bill is now in circulation and has even been published on some websites.

“Before the country is assailed once again with talk about the promulgation of this very important national law being hindered yet again by the existence of multiple versions, the Presidency wishes to categorically disown the document currently being circulated and published as the new Petroleum Industry Bill.

“Following the consideration and approval of its contents by the Federal Executive Council at its meeting last week, the authentic new Petroleum Industry Bill is still being finalised by relevant government departments and readied to be forwarded to the National Assembly by President Goodluck Jonathan.

“Upon its delivery to the National Assembly under the official seal of the President, the authentic new Petroleum Industry Bill will be available to all interested parties.

“The general public and all stakeholders in Nigeria’s oil and gas industry are, therefore, advised to ignore the document currently in circulation as it is totally fake and lacking in authenticity.”

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