Friday, 22 July 2016

SENATE PASSES INTO LAW NIGERIAN RAILWAY CORPORATION BILL, 2016

 
The Senate on Thursday, July 21, 2016 concluded some major legislative assignments that are in the front burner of the Upper Legislative Chamber’s agenda; prominent among the milestone achievements of the day include the passage into law of the 61year old obsolete Nigerian Railway Corporation Act, 1955, referral of 38 Federal Agencies’ 2016 Appropriation Bill to various Senate Committees for further legislative action and the screening exercise of Career Ambassadorial nominees to the Committee on Foreign Affairs to report back promptly as well as the passage of a Motion.

Ultimately, consideration of the Nigerian Railway Corporation Bill 2016 deferred to another legislative date on Thursday, July 14, 2016, resumed and clauses 21 – 202, first, second, third, fourth schedules, short and long titles of the Bill were considered and approved as recommended or amended. The Bill sailed through third reading after a very rigorous exercise; the Senate President commended members of Senate Committee on Land Transport and other Senators for the feat, stating that the passage of the Bill would revitalize the Railway sector for optimal development and conform to modern trends and challenges.

Similarly, a Motion titled “Need to Investigate Pre-shipment Inspection of Export activities in Nigeria”, sponsored by Sen. Yusuf Abubakar Yusuf (Yobe South) and 13 others was equally passed by the Senate.  The law-maker stated that Pre-shipment Inspection of Export means inspection of goods (oil and non-oil) in Nigeria prior to the shipment of those goods outside the country as provided under the Pre-shipment Inspection of Export Act, Cap P26, LFN, 2004. Interestingly, the Motion got the nod of the Senators with one resolution below:
1) Mandate the Senate Committees on Finance, Commerce, Trade and Investment, Oil and Gas, Petroleum Upstream, Banking and Financial Institutions, Judiciary, Customs and any other relevant Committee to:
a) Conduct investigative hearing as a matter of urgency to determine the exact amount of crude oil and gas as well as non-oil exports proceeds un-repatriated since the inception of the Act in April 1996 to date.
b) Ascertain why the relevant Government Agencies usually have conflicting data of same product value published in Nigeria on one hand, while those published by the NNPC, are different on the other.
c) Engage experts to conduct forensic reconciliation of Export proceeds of crude oil, gas and non-oil exports into their Domiciliary Accounts since the inception of the programme in 1996 and ascertain the exact amount due for repatriation.
d) Engage experts to conduct forensic reconciliation of the amount of Nigerian Export Supervision Scheme domicile with the Central Bank of Nigeria (CBN).
e) Direct the CBN which is saddled with the responsibility to administer the Nigerian Export Supervision Scheme (NESS) under the technical Committee to forthwith comply strictly with the provision of the Act and guidelines for maximum benefits to Nigeria and Nigerians. 

Accordingly, the Senate President, has announced a change in the Chamber’s Committees Leadership during plenary. This was corroborated by the Chamber’s spokesman, Sen. Aliyu Abdullahi Sabi at a press briefing after Thursday’s sitting. He added that exercise was a continuous one in order to resolve lingering hiccups and strengthen the Senate for better working relations and optimal output.

Also, the Upper Legislative Chamber has adjourned session to Tuesday, September 13, 2016 for its annual end of legislative year-long break.  



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