Business
Corruption, Injustice, Unfairness have Eaten deep at NNPC -Staff
Corruption, Injustice, Unfairness have Eaten deep at NNPC -Staff
By Ifeoma Ikem
Some of the staff of the Nigerian National Petroleum Corporation (NNPC) says corruption, injustice and unfairness have taken deep at NNPC and are clearly exhibited on a daily basis.
Some of the anonymous staff who spoken to our reporter that an entity that is supposed to be responsible for harnessing Nigeria’s oil and gas reserves for sustainable national development has now banded as Northern Nigeria Petroleum Company.
They claimed that out of the eight members of the Senior Management Team, Six are Northerners, while there are only two members from the Southern Nigeria, One from South South and the other from the South West while there are no member from the South East, despite that the Board Chairman Mrs. Okadigbo and One Henry Obi who hailed from the South East are on the Board of the NNPC.
It revealed that Strategic Business Units (SBUS) are heavily manned by the Northerners for example TRADING, NAPIMS, NPDC, NRL and most of the assets (OMRS) in NPDC are managed by the Northerners.
They said that the corruption, injustice and unfairness are reeking up to high heavens as Nue Oil Energy Ltd a company registered on March 9th, 2022 with a share of One Million bought 100 percent shares in OVH Energy Marketing Ltd and ASPM Ltd from OVH Energy BV, a joint Venture between Vitol and Helios in September 2022.
They also added that although very painful, the acquisition cost was not stated in the filing at the Nigeria Stock Exchange (NSE).
The Staff of NNPC Ltd are largely pained that in the same September 2022 NNPC Ltd acquired the assets from Nue Oil a company with two Directors-Dagazau Mumuni, Chief Operating Officer, OVH and Shanono Sharif Zailani, River Brand Energy Ltd as stated in the Corporate Affairs Commission (CAC) document of the company (NUE OIL ENERGY) with reckless impunity.
The GECO had directed the management of OVH to take over the management of NNPC Retail Ltd while Dagazau Mumuni, COO, OVH and Director in the NUE OIL ENERGY was appointed as Special Adviser Downstream to the GECO, NNPC LTD when there is EVP, Downstream NNPC Ltd.
The GECO in the last one year has carried out illegal recruitment of staff into the NNPC LTD, while the NNPC Retail Ltd Staff have been excluded in the implementation of the PIA as it relates to transfer of staff to NNPC LTD as the GECO ensures that his cronies are appointed to be at the head of affairs at the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Midstream Downstream Petroleum Regulations Authority (NMDPRA).
The Staff of NNPC Ltd are not pleasant with the appointment of Mr. Huub Stokman, a white man as the Management Director (MD) NNPC Retail Ltd, whereas they are Nigerians with more cognate industry experience, competency and capacity in the Downstream Sector of the Nigerian Oil and Gas Industry.
Available information from the CAC on the NNPC Retail Status shows that Stokman is not a Director in NNPC Retail Ltd since he does not have a valid work permit from the Nigerian Immigration Services (NIS).
The Staff were disappointed that Stokman and his Management Team OVH in 2021 recorded a huge loss of over four billion naira only, with a 5% market share and expenses of over twenty-five (25) billion naira only for 2021-2022.
They noted however, that while the NNPC Ltd Staff in 2021 NNPC Retail netted a profit of over five billion naira only, a market share of 100 percent made a retained profit of over ten billion naira only and a support expense of less than five billion naira only for 2021-2022.
Meanwhile, the actions of Stokman has caused disaffection, disunity and demotivation of NNPC Retail Staff as a result of the imposition of his OVH Staff as management team on NNPC Retail Staff, despite the uncommon and immense contributions to the unimaginable growth and success of the company even with some NNPC Retail Ltd.
They also claimed that some of the staff with over 15 years Cognate Downstream Experience, Competency and Capacity before joining the NNPC Retail Ltd, very sadly have not been promoted since they were employed in NNPC Retail Ltd over ten years ago.
The staff are asking questions `WHO actually acquired WHAT? Did NNPC Ltd acquire NUE OIL ENERGY (OVH) or vice versa.
They, therefore. made a clarion call on the President of the Federal Republic of Nigeria, His Excellency Asiwaju Bola Ahmed Tinubu (GCFR) and his presidency to urgently salvage the National Oil Company from the hands of the heavily corrupt management overseeing the affairs of the NNPC Ltd and her subsidiaries.
They also request the powers that be, that they should be immediate investigations of NNPC Ltd and her subsidiaries in areas of fronter exploration activities, DSD/PPSA/under recovery etc.
Other areas are Non-functionality of NNPC refineries (turn around maintenance-tam funding), daily PMS consumption, perianal fuel scarcity from February 2022 to May 2023, white product allocation and distribution by NNPC-PPMC, trading and NRL from 2019-date.
Also, in allocation of Ojo Domestic LPC scheme (EXONMEBIL), alleged theft of 80% of crude oil production in Nigeria, Ownership, management and functionality of the OMLS under NNPC ltd, 20% NNPC ltd investment in the Dangote Refinery, NUE oil energy acquisition etc
NNPCL and Corruption’s Final Throes
By Pius Olasanmi
In the twilight of the Obasanjo administration, when Nigerians were still capable of being outraged, when Turn Around Maintenance (TAM) of refineries was a buzzword that still held some mysticism to bamboozle citizens, during a conversation, a certain man said something profound. The man said, “As a businessman, if I were the owner of these refineries, knowing that they are three decades old, I would take the last money I have, hire bulldozers, raze them to the ground, and obtain loans to build new ones.”
When we pressed him further on why he would engage in such waste, he explained that repairing the refineries is the real waste. He explained that even if the TAM were honestly carried out, a thirty-year-old refinery would never compete favourably with a new one that would integrate contemporary technology. Operating at its best, such a refinery would never be comparatively more efficient. It is therefore pointless to have spent another one naira on the refineries at that point.
A few months later, I had a conversation with a then-lawmaker on an entirely different matter. I mentioned that the National Assembly has failed by not crafting legislation that would criminalise and punish public office holders who foist wrong decisions on the country. The logic: a public office holder need not steal to be punished, wrong decisions should attract penalties for an office holder who opts for the worst of all options when there are less injurious ones.
These established premises speak to the ongoing nauseating efforts at revisionism by those who wrecked the Nigerian National Petroleum Company Limited (NNPCL) and its previous iteration, the Nigerian National Petroleum Corporation (NNPC). Notably, this campaign to rewrite history is traceable to Engineer Mele Kolo Kyari, the disgraced immediate past Chief Executive Officer of NNPCL and his hirelings. They have suffocated the news and the public opinion space with even more lies than they spun while in office.
The Saint Kyari campaign is anchored on convincing Nigerians that the Port Harcourt, Warri and Kaduna Refineries were fully functional when he was booted out of office. So brazen is the campaign that one of its talking heads challenged the group chief executive officer (GCEO), Engr. Bayo Ojulari, to “inform Nigerians categorically what happened to the functioning refineries he inherited from his predecessor, Engr. Mele Kyari.” The effrontery.
We have not forgotten so soon the charade that followed the baffling claim that Nigeria has spent $2.8 billion on the repair of the refineries, while they are not churning out even a single litre of refined product among them. Saint Kyari and his goons played all manner of tricks, all of which embarrassed President Bola Tinubu, who had counted on ticking off the return to productivity of the refineries as part of his achievements, only to realise that he was deceived into celebrating phantoms. Tragic.
Lest we forget, 200 trucks were arranged as props in a well-directed video clip to celebrate the re-streaming of the Port Harcourt Refinery. The disappointment. Nigerians were to learn from several reports that the Port Harcourt refinery was not producing and was instead using old, stored petroleum products to load trucks. Worse still, the Kyari crew was passing off sanction-tainted Russian-sourced crude oil refined in Malta as locally refined products. More insult was piled on the assault on our collective sensibility with the lies that the Port Harcourt Refinery exported semi-finished products. Brazen.
Meanwhile, Kyari and his hirelings called those who pointed out or protested these glaring scams all manner of names. They hid behind industry technicalities and jargon to create the impression that those of us who knew Nigerians were being robbed did not understand what we were saying. The point remains that a $2.8 billion investment can potentially build a refinery with a capacity of around 100,000 barrels per day (bpd). Of course, the actual capacity of such a refinery will depend on various factors, including the complexity of the refinery, the technology used, and the location. That is the amount that Kyari’s regime at the NNPCL took and did not give Nigerians refined products.
Fast forward to Kyari’s sack and the appointment of Engineer Bayo Ojulari, who has demonstrated that things can indeed be done differently. Kyari’s exit was expectedly followed by the Economic and Financial Crimes Commission (EFCC) going after him and his associates. The extent of the theft is better understood against the backdrop of N80 billion being found in the bank account of one of his associates. They went on the run.
Perhaps because the EFCC was biding its time on securing international warrants for the arrests of these characters on the lam, they have become emboldened. They have decided to fight back and rewrite the story of their participation in the greatest fraud against Nigerians. Engineer Ojulari’s renewed mindset, which is entrenching a semblance of the transparency Nigerians demand, became their natural target. The demons that once roamed around the corporation came out with malevolence. They started spinning stories of corruption to tarnish the incumbent who refused to hide their crimes. The objective: bring Ojulari down. But alas, he is winning the war as it stands.
His innocence is proven, and it is glaring that those who want him out are mere charlatans who can no longer ply their corrupt wares because of the impact of the new reforms. Corruption in the NNPCL is in its final throes. The fake news being unleashed against the incumbent leadership is akin to corruption’s last kicks as reforms in the sector strangulate it and its practitioners. The reforms must take place in the NNPCL, whether the industry demons like it or not.
As a parting shot, Kyari and his associates would do well to prepare their defence. In addition to accounting for the $2.8 billion they laundered in the name of repairing the moribund refineries, they must also answer for the poor decision to fix that which is irretrievably broken. Awarding contracts for Turn Around Maintenance of 59-year-old refineries that a right-thinking person had suggested should be demolished almost twenty years ago, when they were only 30 years old, is criminal. Trying to deceive Nigerians that the fake repairs worked is treason.
Olasanmi is a public affairs analyst writing from Lagos.
GRANDIS 5STAR LUXURY APARTMENT & SUITES SET TO REDEFINE LIVING IN VICTORIA ISLAND
Set to Rise elegantly against the Lagos skyline, is the Grandis 5Star Luxury Apartment & Suites. According to Adejuwon Ademola, The General Manager of the Development company, it is more than just a residential building
“it’s a lifestyle statement. Standing 17 floors high in the heart of Victoria Island, this revolutionary masterpiece of modern architecture will offer a panoramic 360° view of Eko Atlantic, Victoria Island, and Ikoyi, transforming every apartment into an exclusive penthouse experience for the world’s most discerning elite.”
Developed by Dumarco Construction Limited, a globally acclaimed company with decades of delivering complex, high-value projects in the highly regulated petroleum, oil, and gas industries, Grandis 5Star brings unmatched international safety standards, uncompromising quality, and timeless elegance into Nigeria’s luxury property market.
> “When you live in Grandis, you’re not just buying a home—you’re investing in peace of mind, world-class safety, and an effortless luxury experience that will remain pristine for decades,” says Adejuwon A. Ademola, General Manager of Dumarco Construction Limited.
The Gold Standard in Safety and Quality
Dumarco’s roots in the oil and gas sector mean the company operates to some of the strictest safety protocols in the world. Every stage—from conceptualization, design, construction, to long-term maintenance—follows internationally accepted procedures and quality assurance measures. Cutting corners is simply not in Dumarco’s vocabulary.
> “In the oil and gas industry, there’s no room for compromise. We’ve brought that same discipline and zero-tolerance for mediocrity into property development,” says Ademola. “That’s why Grandis will be one of the safest and most enduring residential developments in Nigeria.”
To ensure transparency and prevent (project complacency), Dumarco deliberately separates the developer, contractor, and consultant roles, engaging only the most competent professionals in each respective field. Dumarco’s project team includes globally recognized contractors such as Julius Berger, Cappa & D’Alberto, and Elalan, Migliore Construczione & Tecniche (MC&T) and their partners VENCO IMTIAZ CONTRACTING COMPANY (VICC) based in Dubai, UAE, Business Contracting Limited, alongside leading consultants like Morgan Omanitan & Abe, LAMBERT, and James Cubitt.
Grandis – Investments, appreciation, returns and profitability
Our selection process for the location of the project alone was pains-taking and completely thorough scientific process. Top professional companies were employed to conduct a scientific data acquisition and analytical survey of the entire Victoria Island, Ikoyi, Lekki and Eko Atlantic before a project site is selected. Analyzing and acquiring areas developmental charts and trends, studying and gathering historical and present sale prices, rental charge and occupancy rates over a 50 year period from every individual street before the selection of the location of any of our developments especially true for the Grandis Project
He adds,
“Our clients and residents can be rest assured that the location of Grandis has been scientifically proven through all existing data to provide our clients with a 100% occupancy rate, highest developmental location, highest rental income and investment returns. ”
The Grandis Experience
Located minutes away from international corporate headquarters, embassies, and landmarks such as Eko Hotel, Radisson Blu, and the Radisson Red, Grandis offers unmatched convenience for professionals, diplomats, and high-net-worth individuals. Every residence is designed for both indulgence and efficiency, with high-grade finishes, smart-home systems, and private amenities that ensure seamless living.
From sunrise over the Atlantic to the glittering Lagos night skyline, residents will enjoy uninterrupted luxury, supported by discreet and highly trained staff, advanced security systems, and a design that prioritizes comfort and privacy.
> “We designed Grandis for people who want everything—security, elegance, convenience, and the assurance that their home will look as spectacular in 20 years as it does on day one,” Ademola notes.
A Legacy That Lasts
With its combination of visionary architecture, peerless safety, and meticulous maintenance planning, Grandis is built to remain iconic for generations. Thanks to Dumarco’s meticulous approach, the building’s service charges are expected to remain low while its value and appeal continue to appreciate over time.
In a market often marred by shortcuts and substandard practices, Mr Ademola says
Grandis stands as a beacon of what luxury living should be—safe, spectacular, and built to last.
“Grandis 5Star Luxury Apartment & Suites — Where safety meets sophistication, and every detail is designed for a life well-lived.”
He added
Website -www.dumarcoltd.com
Project website – www.26idowutaylor.com
Email [email protected]
Tel / WhatsApp +234 9077777883
GM – Adejuwon A. Ademola
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