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Corruption, Injustice, Unfairness have Eaten deep at NNPC -Staff

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11 months ago

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NNPCL Fails To Remit $6.9 Billion, Swaps $7.1 Billion Worth Of Crude In One Year

Corruption, Injustice, Unfairness have Eaten deep at NNPC -Staff

By Ifeoma Ikem

 

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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.

 

 

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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.

 

Corruption, Injustice, Unfairness have taken deep at NNPC -Staff

 

 

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

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Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

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WEMA BANK UNVEILS NEW DIGITAL SOLUTION FOR COOPERATIVE SOCIETIES, COOPHUB

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1 day ago

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May 11, 2024

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WEMA BANK UNVEILS NEW DIGITAL SOLUTION FOR COOPERATIVE SOCIETIES, COOPHUB

WEMA BANK UNVEILS NEW DIGITAL SOLUTION FOR COOPERATIVE SOCIETIES, COOPHUB

 

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Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has officially launched CoopHub, a new digital solution for Cooperative Societies. The groundbreaking platform was unveiled at the launch ceremony held on May 10th, 2024, to commemorate the 79th anniversary of the Bank.

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WEMA BANK UNVEILS NEW DIGITAL SOLUTION FOR COOPERATIVE SOCIETIES, COOPHUB

CoopHub, the first of its kind in the Nigerian banking industry, is a digital platform designed strategically to transform the way Cooperative Societies operate by providing tailored solutions that bridge the gaps in the traditional framework of Cooperative Societies. The unique platform insulates Cooperative Societies against prevalent struggles like manual recordkeeping, limited access to loans, poor communication, insecurity, and other restrictions, supporting them with the solutions needed to not only mitigate these problems but also operate with the utmost efficiency.

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With CoopHub, leaders of Cooperative Societies can manage every aspect of their community’s operations from a simplified dashboard accessible on their phones, seamlessly managing their Cooperative Society’s finances, communication, member records, analytics and every other detail in real time and on the go. Members of the Cooperative Societies also enjoy increased access to loans, seamless contribution tracking, secure transactions, and easy communication with the leaders. Essentially, CoopHub helps Cooperative Societies maintain 100% transparency, reliability, and security, with the option of white labelling for a customised experience.
Disclosing the Bank’s motive for creating CoopHub, Wema Bank’s MD/CEO, Moruf Oseni, highlighted the Bank’s commitment to innovation and customer-centricity. “Cooperative Societies have many pain points. As a bank that is committed to empowering lives through innovation, we examined the end-to-end value chain of Cooperative Societies and launched CoopHub to provide solutions that address the pains and headaches in the Cooperative Society experience for both the leaders of these communities and the members. CoopHub is the future of Cooperative Societies and we have designed every detail to address the needs of every player in the Cooperative Society ecosystem and empower these communities for optimal productivity”, he said.

 

 

 

Delving into the unique features of CoopHub, Solomon Ayodele, Wema Bank’s Head of Innovation, added, “CoopHub is taking Cooperatives to an era where conflicts, stressful physical meetings, mistrust, inadequate capital, poor recordkeeping and inefficient governance are all a thing of the past. With a digitised database for all records, a dedicated User Management section for leaders to manage members efficiently, a transparent overview of contributions for both leaders and members, seamless communication framework that allows for easy planning of meetings and events, and a host of other unique features, CoopHub truly is the solution that every Cooperative Society needs. To promote community and financial security, CoopHub also offers a three-factor authentication system that ensures that every withdrawal from the Cooperative Society’s account is subject to an approval of three members of the Cooperative Society, including the Admin. We have been very intentional with CoopHub and I encourage every Cooperative Society to come on board and experience the future of Cooperative Societies through CoopHub”, Ayodele concluded.
CoopHub is now live and open to every Cooperative Society across the world. This futuristic solution is set to not only empower Nigerian lives with increased access to their needs through Cooperative Societies, but also revolutionise Cooperative Society operations for the best.
To onboard a Cooperative on CoopHub, simply register at https://coophub.alat.ng/

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Maxwell Opara Goofed Says AAS Investors As They Stand By Jesam Michael, Demand For Justice

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1 day ago

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May 11, 2024

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Maxwell Opara Goofed Says AAS Investors As They Stand By Jesam Michael, Demand For Justice

Maxwell Opara Goofed Says AAS Investors As They Stand By Jesam Michael, Demand For Justice

Continue to speak out against all forms of injustice to yourselves and others, and you will set a mighty example for your children and for future generations.”
— Bernice King
Martin Luther King Jr. once said, “Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly.”  This aptly described the mood of Investors of leading global financial platform Afriq Arbiritage System as they  demanded for justice against  Abayomi Oluwasesan who stole the company’s $87m money and his cronies, Humble Prince Etang, Donald Michael, Fifeyin Awajumo and Michael’s Okoh who have used the instrument of cyber bully and cyber stalking to attack their CEO, Jesam Michael.
Maxwell Opara Goofed Says AAS Investors As They Stand By Jesam Michael, Demand For Justice
Also, they have unanimously condemned the ungodly role of the legal practitioner of the accused, Maxwell Opara, who has been narrating a dangerously false narration about the incident knowing full well that the perpetrators of these alleged crimes are the villain not the victims.
Consequently, some representatives of the global community of AAS known as Spartans have penned an open letter condemning the unfortunate incident against their CEO and the company. Excerpts…
Maxwell Opara must be called to order by the Nigerian Bar Association (NBA).
The Spectacle created by the so-called Maxwell Opara, a lawyer hired by ponzi hawks led by one Michael Okoh has exposed the short-comings of the legal profession in the country.
It’s so daft and unprofessional for a supposed lawyer to go to the press and talk about a case ongoing in court. A case he is himself representing in the court of law.
Those he is representing are tied to the chief culprit that is Abayomi and we believed by now as a lawyer he should have gotten all the facts related to the case he was brought in to litigate.
The accused, Abayomi has since confessed to his crime of stealing a whooping 87 million dollars from the confers of AAS. His lawyer has publicly stated this in court. How then Opara was not so informed as to guide his utterances?
This indiscretion on the part of a lawyer cannot be swept under the carpet. Whatever his motives are, we know he is part and parcel of the propaganda machinery to bring down AAS and its CEO, which is a defeated endeavour as everyone already knows. Their plot has failed as the truth is already in the public domain.
While AAS and its CEO will never take the laws into its hands, we are calling on the Nigerian Bar Association (NBA) to effectively call their member to order, and impose disciplinary measures for such flagrant flouting of the legal profession’s code of conduct.
However, irrespective of what the NBA do or fail to do, the security agencies have taken the lead to call him to order as a polite invitation to turn himself in to the Nigeria Police Force or be arrested has gone out. The choice is his to make.
As stated before, there are consequences for our words and actions. The said assault on him as reported by some media pools is a misinformation. Opara was never assaulted by the complainant. He was stopped from further spreading lies about a case in court of which the obvious is clear;  that ABAYOMI OLUWASESAN, has confessed to stealing 87 million dollars from AAS.
We should also remember, Abayomi was an employee of AAS, with the knowledge of the key codes to the system, a privilege afforded him by the CEO in trust which he swiftly betrayed.
He did not hack the system, because the system is unhackable. He simply entered because he has the keys. No one has the keys to a door and rather break in, they simply go in with the keys.
So gentlemen of the press, Abayomi stole from AAS, and every lawyer involved in this case must go the extra mile to get to the bottom of the truth before saying anything about the case.
Maxwell must be disciplined and possibly disbarred for bringing shame to the law profession. AAS will leave no stone unturned and will not fold its arms while naysayers and haters run riot.
Never Again.
RICHARD
This is pretty absurd that individuals and institutions make comments without appraising themselves of the circumstances or the facts. 
A crime was not committed against Maxwell Opara, a crime was committed against Investors and the CEO of the company they invested in, Afriq Arbitrage Systems. The defendants Maxwell Opara is representing, have already been deeply apologetic of their actions and the principal defendant, Mr. Abayomi has even confessed to the crime of stealing 87 Million dollars from the coffers of AAS.
Maxwell Opara takes sensationalism to the next level when he demonstrates his limited knowledge of the case by stating that the money that was stolen was 100 Million dollars… In so doing, he perjured himself and deeply affected his credibility in exercising his legal profession.
What I see playing out here is a drama where most actors are attempting to have their 5 minutes of fame in the spotlight. This case is huge, and such actors like Maxwell Opara, do not have to be paid any attention to as they attempt to have a spin off show on this main event. The law is going to deal with Maxwell, and as for the rest of us investors, we shall drown the noise and concentrate on how to get our stolen investment of 87 Million dollars from Mr. and Mrs. Abayomi.
Opara’s actions have raised serious concerns about legal ethics and the objectivity of legal practitioners.
The situation involving Maxwell Opara, who was responsible for defending individuals in a cyberbullying case, has taken a dramatic turn. While Opara was representing Michael Okoh, Humble Etenge, and others, another legal matter involving Abayomi Oluwasesan and Afriq Arbitrage System came to light.
Abayomi’s involvement in a $87 million theft and subsequent confession added a layer of complexity to the situation. Despite not directly representing Abayomi in legal proceedings, Opara was seen commenting on the case between Abayomi and Afriq Arbitrage System.
Opara’s actions have raised serious concerns about legal ethics and the objectivity of legal practitioners. This revelation highlights the paramount importance of upholding ethical standards and integrity within the legal profession.
The consequences of Opara’s conduct underscore the necessity for transparency and accountability in the legal field. This scandal serves as a stark reminder of the risks associated with allowing personal gain to compromise the pursuit of justice and the equitable execution of the law. It serves as a cautionary tale about the importance of maintaining ethical standards in legal practice to uphold justice and fairness.
This Lawyer goofed 
He contravene the rules  of Professional Ethics  as Legal Practitioners in Nigeria
Once a case is under the jurisdiction of a Court, it’s a common principle of judicial practice that none, not even the parties involved, nor any lawyer engaged for that matter must go to the media to begin another trial or hearing. It’s Contempt of the Court. The Court usually frowns at such conduct.
A case is subjudice when anyone goes outside the court to make any forms of comment, conference or conclusion with respect to such a case.
The Maxwell Okpara stands to be seriously reprimanded with the appropriate sanctions by the Legal Practitioners Disciplinary Committee.
In addition to the police investigation ongoing against Maxwell Okpara, I humbly advise once again that our AAS Legal Team submit a Petition to the Legal Practitioners Disciplinary Committee ( LPDC ) against Barr. Maxwell Okpara for his breach of the rules of Professional Ethics which forbids Lawyer from discussing or granting interviews with respect to matters or proceedings ongoing in the Courts.
I felt ashamed of Maxwell Okpara conducts as a Lawyer too when I saw him delved into the live issues already before the Court in his Press interviews.
This is too bad for a Lawyer’s conduct!
Our AAS Legal Team appears more professional and must be guided always too, because the Newshounds would always come to them to scoop or scout for headlines.
When approached by the media, all a Lawyer could say is “ the Court has spoken, the next date of adjournment is “xyz “ it is subjudice to say anything further on this case. Thank you gentlemen of the Press for your interest .
Pronto ! You discharge the Press and go your way .
This is best practice we all learn as Lawyers.
Anyone as a Lawyer , including Maxwell Okpara who contravene the rules must face the consequences of their actions.
LEKAN OLANISEBE

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UK Based Bizman, Mayegun Oladele Shosanya Celebrates Awujale 64th Coronation Anniversary, 90th Birthday

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2 days ago

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May 10, 2024

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UK Based Bizman, Mayegun Oladele Shosanya Celebrates Awujale 64th Coronation Anniversary, 90th Birthday

 

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United Kingdom based shred businessman who doubles as the Baba Egbe Obaneye Omooba Obinrin Akile-Ijebu and The Mayegun of Irewon Kingdom, Oladele Peter Shosanya has heartily celebrated the Awujale and Paramount ruler of Ijebuland, His Royal Majesty, Oba Sikiru Kayode Adetona on the occasion of his 64th coronation anniversary and 90th birthday celebration.

Mayegun Shosanya expressed joy and happiness that the foremost traditional ruler has attained the milestone age of 90, and yet continue to discharge his duties towards the development of Ijebuland, and Nigeria at large.

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In his congratulatory message to the monarch from the UK, and which was also made available to journalists in Ogun state yesterday, Mayegun Shosanya said Awujale as over the years built an unparalleled legacies and outstanding achievement which would forever remain indelible in the country.

“We are happy to celebrate our royal father and pride of Ijebuland on this double celebration. As we join millions of Nigerians including all sons and daughters of Ijebuland to welcome the custodian of Ijebu culture and tradition to the nonagrian club, we pray to Almighty God for his protection on our Baba for a sound health and great wisdom in life”.

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