Source: http://iipelp.org/publication
Timestamp: 2019-10-14 20:58:46
Document Index: 36158987

Matched Legal Cases: ['art 1', 'art 764', 'art 466', 'art 514', 'art 501', 'art 12']

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Rilwanu Lukman Bags IIPELP Lifetime Achievement Award
THE RILWANU LUKMAN I KNEW - By NIYI AYOOLA-DANIELS
THE BOOK: NIGERIAN LAWS, CASES AND MATERIALS ON OIL AND GAS
A REVIEW OF THE BOOK 'NIGERIAN LAWS, CASES AND MATERIALS ON OIL AND GAS' BY Professor Maxwell Gidado, SAN
Indeed, I feel highly honoured by the invitation to review this reference book ‘Nigerian Laws, Cases and materials on Oil and Gas’ written by my friend and colleague Niyi Ayoola-Daniels, Esq.
In other words, there has been no one one-stop compendium containing all these laws and cases until now. This is what makes this book unique. The book is unique in the sense that unlike those written by earlier scholars and experts in the field, it goes one step further. It is a one-stop digest of Nigeria ’s oil and gas laws, regulations, relevant cases, materials and commentary and is therefore a welcome addition to the existing works on the subject. Indeed, the book covers laws governing the entire legal regime regulating the upstream, midstream and downstream operators of Nigeria’s petroleum and natural gas industry.
In content and form, the book is broadly divided into two volumes. Volume one (1) is composed of five parts whereas volume 2 comprises 11 parts. The work is published in loose leaf form which covers the 16 parts and gives complete outline, comments and indexes to all the laws, statutory instruments and judicial decisions. Almost all oil and gas cases decided by Nigerian courts are adumbrated in this work and their relevance highlighted. One great advantage of this loose leaf format adopted by the author is that new changes or amendments in the laws or statutory instruments affecting Nigeria’s oil and gas industry can easily be incorporated into the pertinent sections of this work by the user. I understand the author will periodically publish updates of the new laws, amendments of statutes, cases and other materials and make them available to subscribers. These updates will then be periodically inserted into this work by the user and the old or outdated ones removed.
Part 1 deals with laws and regulations governing Federal Government ownership of oil and gas resources in Nigeria. This part also captures the judicial interpretation of Federal ownership of oil and gas resources including the extent and size of such ownership in the well known “Resource Control” case involving the A.G Federation V A.G Abia State (N0. 2) (2002) 6 N.W.L.R Part 764 pages 542-905, ET this case, the Supreme Court interpreted many oil and gas issues including the determination of the seaward boundary of a littoral state within the federation of Nigeria for the purpose of computing the revenue accruing to the Federation Account directly from oil and gas resources in those littoral states
This part covers the law on taxation of companies engaged in upstream petroleum operations (Petroleum Profits Tax Act). This Act contrast sharply with Companies Income Tax Act as amended, which is a law regulating taxation of companies engaged in downstream oil and gas operations (marketing, distribution and sales of petroleum products and natural gas). This part highlights more than 30 headings regarding petroleum profits tax issues including their judicial interpretation. Of special note here are the decisions of the Supreme court of Nigeria in Shell Petroleum Development Company Limited V. Federal Board of Inland Revenue (1996) 8 N.W.L.R Part 466 page 256 on meaning of ‘Petr0leum Profits Tax’ and ‘Petroleum operations’ and Gulf Oil Company Limited V. Federal Board of Inland Revenue (1997) 7 N.W.L.R Part 514 page 535 on computation of‘ chargeable tax payable under Petroleum Profits Tax Act. Also discussed in this part is the Court of Appeal decision in Texaco Overseas Nigeria Petroleum Company V. F.B.I.R (1997) 4 N.W.L.R Part 501 pages 511.
The theme of part 12 is Investment Protection, Assurances and Guarantees for companies engaged in oil and gas activities in Nigeria . Also covered here are the laws regulating the activities and operations of Nigeria LNG. This part examines the recent decision of the Federal High Court ( Port Harcourt ) in a case involving Niger Delta Development Commission (NDDC) V. Nigeria LNG (unreported Suit No. FHC/P/CS/361/2007) over whether or not NDDC is entitled to receive from Nigeria LNG, 3% of the latter’s total annual budget for the years 2001, 2002, 2003 & 2004 and thereafter.
Professor Maxwell Gidado, SAN
Nigerian Laws, Cases and Materials on Oil and Gas
An Alumna of the University of Aberdeen - Interview on 'Nigerian Law, Cases and Materials on Oil and Gas'