President Muhammadu Buhari on Monday assented to the Bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) Act.
This was disclosed in a series of tweets on his verified Twitter handle.
Buhari tweeted, “This afternoon I assented to the Bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) Act. This is a landmark moment for Nigeria; let me use this opportunity to thank the National Assembly for the cooperation that produced this long-overdue amendment.
“You will recall that in my 2020 Budget Presentation Speech before the National Assembly in October, I highlighted the need to urgently review the fiscal terms for deep offshore oil fields, to reflect current realities and to ensure increased government revenues.
“Now, a month later, we have together with the 9th National Assembly made history with the passage and the signing of the amended bill into law. We will continue to work together to deliver on all our promises to ensure inclusive growth and enhance the welfare of all Nigerians.”
Buhari is in London on a private visit right now.
However, human Rights activist, Mr. Segun Awosanya, has dismissed the demand for an apology and N3 billion in damages from him by a member of the House of Representatives, Abdulmumin Jibrin, over some of his tweets.
Jibrin, representing Kiru/Bebeji Federal Constituency of Kano State, had on Oct. 31 through his lawyer, Mr. Wole Olanipekun, gave Awosanya popularly known as Segalink 14 days to pay him N3 billion for damages over libelous and defamatory tweets.
He also demanded that Awosanya publish a public apology on his twitter handle for seven days to serve as atonement for the tweets published on Oct. 17.