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Business > Energy
Presidency disowns fake Petroleum Industry Bill
By Victor Iluyemi
July 16, 2012 19:37:34pm GMT | Views: 98
Nigeria oil and gas facility

Abuja (WorldStage Newsonline)-- The Federal Government has distanced itself from the new Petroleum Industry Bill already in circulation.

According to a statement signed by the media aide to the President, Dr. Reuben Abati, the presidency described the document as fake and lacking in authenticity.

It therefore asked the general public and all stakeholders in Nigeria’s oil and gas industry to ignore the said document.

The statement reads: "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 finalized 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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