This was sequel to an amendment raised by Ndudi Elumelu (PDP-Delta) while the house was debating a motion on the need to adopt non-interest banking system sponsored by Kabir Tukura (APC-Kebbi) at plenary.
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The bill which is also known as Petroleum Industry Bill passed second reading after hours of debate during plenary on Tuesday in Abuja.
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He said the bill was intended to correct anomalies of the past, adding that what the Senate tended to do in the new draft would compound the situation in the oil industry, which government and stakeholders were seeking to resolve