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Intrigues as NNPC Exploration and Production Limited (NEPL) and NECONDE Struggle to Develop 0ML42 By Efemina Williams

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Intrigues as NNPC Exploration and Production Limited (NEPL) and NECONDE Struggle to Develop 0ML42

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By Efemina Williams

 

 

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Our attention has been drawn to recent false and malicious publications regarding the investments of well-known philanthropist and entrepreneur, Dr. Ernest Obiejesi (OFR) in 0ML42. Dr. Obiejesi for more than 4 decades, either directly or through any of his associated investments played major roles in the growth and development of host communities.

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For the records, the 0ML42 is an Asset owned by NEPL and Neconde but operated by NEPL. The NEPL and NECONDE partnership has been riddled with all manner of intrigues and drama to the chagrin of the host communities who have patiently awaited improvements in their livelihood and those of their loved ones.

 

 

 

 

 

 

It is a pity that stakeholders including the host communities, the Nigerian government, and her people have been denied the expected benefits from this Asset. A value-driven approach to ensure uninterrupted production of hydrocarbons from the field has consistently been fought against by some elements who are just interested in procurement and award of contracts.

 

 

Intrigues as NNPC Exploration and Production Limited (NEPL) and NECONDE Struggle to Develop 0ML42

By Efemina Williams

 

 

 

This unfortunately was the case for nearly a decade until the government decided on an alternative funding mechanism that is envisaged to bring a disciplined and more accountable approach to operations. Sadly, this is not what inspires those who do not believe in integrity. Dr. Obiejesi has been nicknamed a “fighter.” I heard that the man has been fighting those bad elements. Personally, I do not like fighting, but if fighting will enable him to achieve his years-long desire of bringing a disciplined, transparent, and more accountable approach to operations in the 0ML42 Assets, then let him fight on. It is for good. But I don’t envy him.

 

 

 

 

 

 

As I said, I do not like to fight, but can you blame the man? For instance, it is unbelievable that the Asset will be allowed to shut down at a time when the Federal Government is demanding an increase in production and oil prices are nearing US$100 per barrel. Besides, Chimaobi Okoro who is the NEPL representative on the Asset appears to be more interested in jumping from one Asset to another, not too long ago, he moved into OML 42 and since then the production and stability that was being achieved with the community and vendors seems to have fallen apart as he seem to be interested in non-value driven contract award rather than well thought out quality execution strategies, asset stability and production.

 

 

 

 

 

 

Recently a vendor supplied fuel (VLSFO) that was of very poor quality but was rejected by a vessel owner (another contractor) but some incorrigible members of the Asset team are pushing that this should be accepted and paid for even if it won’t be used. Upon inquiry, it was realized that these government officials who use these funds to support their families in Canada, purchasing houses in Dubai and Lekki, and have expensive lifestyles that are way above their salary income.

 

 

 

 

 

 

 

They work with some dissident community elements and are fighting desperately to ensure they grab these fictitious contracts disguising themselves as community contractors, instead of pushing for the Petroleum Industry Act (PIA) and the development of the Asset that will benefit genuine investors, the Government, and the community.

 

 

 

 

 

 

As a community, we can say that we have seen it all. We have observed these two “supposed” JV partners hurl aspersion at each other, and we have observed a lazy and lackadaisical approach to Corporate Social Responsibility (CSR). Recently we have observed the return of old players who honed their skills in nefarious activities during the AMT period. These “returnee” old players have been doing all manner of things in order to scuttle a recent beneficial solution championed by Dr. Ernest with the alternative funding mechanism — Financing and Technical Service Arrangement.

I care little about Dr. Ernest as a person and his riches, but I doff my hat for his tireless persistence to bring transparency and increase production for the benefit of Nigeria and Nigerians. But I must say that I still hold the entities NEPL and NEL responsible for the state of affairs in 0ML42.

It is known widely within the community that Dr. Ernest for several years undertook the burden of a CSR initiative termed the Peace Bonus. He had wisely put structure to the initiative which prevented the bad apples within NEPL and NEL from dipping their proverbial hands in the cookie jar. This wise initiative has been ensuring that the community has full transparency on the remittance. When he struggled under the low oil price regime, he still insisted that enhanced CSR- GMOU- practice being deployed by the IOC should be implemented on the Asset.

Once again to ensure transparency, a well-known astute, and principled community member with a consultancy practice was assigned this promising task. Today, the PIA Chapter 3 (Host Community Development Trust Fund) which by law requires that the Settlor (NEPL as Operator) should implement within the deadline of August 2022 is yet to be done. I keep wondering, why NEPL is still the operator? While it may be evident that there are indeed bad apples in these organizations who are vision scuttles, it may be said that the mistake Dr. Ernest continues to make is that he has left his precious investment to be attended to by persons who have not invested a dime and essentially have nothing to lose.

Williams, a seasoned Public Analyst, writes from Asaba, Delta State

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

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Dana Airline’s Troubled History of Scandals and Safety Concerns

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Dana Airline’s Troubled History of Scandals and Safety Concerns

 

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In the turbulent skies of Nigeria’s aviation industry, Dana Airline has become synonymous with controversy and scandal. From regulatory violations to financial mismanagement, the airline’s history is marred by a litany of transgressions that have raised serious questions about its commitment to safety and integrity.

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One of the most alarming issues plaguing Dana Airline is the recurrent violation of flight crew duty regulations. Reports have surfaced indicating pilots flying over their allowed hours, raising concerns about fatigue and compromised safety standards. Such breaches not only endanger passengers but also erode trust in the airline’s operational integrity.

Financial misconduct further tarnishes Dana Airline’s reputation, with instances of fake telexes being sent to suppliers and staff to deceive them into making payments. In one egregious case, an engine was reclaimed by a lessor due to non-payment, only for Dana Airline to find the supplier bankrupt upon attempting to settle the freight costs. This pattern of defaulting on payments extends across all suppliers and includes the non-payment of staff salaries, painting a picture of financial instability and irresponsibility.

Safety is paramount in aviation, yet Dana Airline’s management has been accused of prioritizing profit over passenger welfare. Instances where the Managing Director overrules safety protocols set by management, coupled with weight and balance miscalculations due to cargo and excess baggage fraud, underscore a disturbing trend of negligence.

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Moreover, the airline’s questionable practices extend to its maintenance operations, where falsified records and quick fixes by Indonesian personnel have compromised safety standards. The turnover of directors in the maintenance department reflects the dire financial constraints preventing proper maintenance procedures.

The lack of proper financial management and qualified personnel exacerbates Dana Airline’s woes, with the Chief Financial Officer’s association with Dana Group, under scrutiny for financial fraud, raising further red flags. Suppliers coerced into lying about amounts due during audits and the circumvention of regulatory payments only add to the company’s litany of transgressions.

Despite previous groundings and regulatory scrutiny, Dana Airline has persistently managed to evade accountability, with reports of political influence being used to circumvent regulatory actions. However, a thorough financial audit, if conducted, would likely reveal the airline’s precarious financial position, potentially rendering it unfit to operate.

In conclusion, Dana Airline’s track record of scandals and safety breaches raises serious doubts about its commitment to passenger safety and regulatory compliance. Unless substantive changes are made to address the underlying issues plaguing the airline, its continued operation poses a significant risk to the flying public.

 

Dana Airline's Troubled History of Scandals and Safety Concerns

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Fidelity Bank Commends Air Peace’s Performance

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Fidelity Bank Commends Air Peace’s Performance

 

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Fidelity Bank Commends Air Peace’s Performance

. Celebrates Airline For The Commencement of the Lagos-London Route

LAGOS – Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago.

 

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Fidelity Bank Commends Air Peace’s Performance

Dr. Nneka Onyeali-Ikpe, the Managing Director, Fidelity Bank Plc gave the commendation over the weekend in Lagos during a special event organised for the airline by the bank to celebrate Air Peace for the milestone of commencement of direct flights from Lagos to London.

According to Nneka Onyeali-Ikpe, who doubled as the host at the event, the airline has upheld the principles of financial discipline and good corporate governance since inception, while it has also been very loyal to the bank.

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She expressed delight that the bank had the airline as one of its major clients since inception, stressing that the Bank was celebrating the airline’s milestone of launching direct flight service to London and other developments it would attain in the future.

The event, which held at the Civic Center, Victoria Island, Lagos, had in attendance several bank Managing Directors, stakeholders in the aviation sector, media personalities and well-wishers of both brands.

Speaking at the event, an elated Dr. Allen Onyema, the Chairman, Air Peace, observed that it was not rosy for the airline to attain its status and expressed gratitude to the flying public, the various aviation stakeholders, the media and the government for the continued support since it launched in 2014.

He specifically acknowledged the pivotal role played by Engr. Ben Adeyileka, the former Acting Director-General, Nigeria Civil Aviation Authority (NCAA), in helping the airline secure its Airline Operator Certificate (AOC).

He further commended Fidelity Bank for the consistent support and stressed that the bank had contributed to the success story of the airline.

“I call it our journey with Fidelity Bank. I did not envisage this day would come when an indigenous institution would be celebrating another indigenous institution. Fidelity supports real business. They keep removing people from the streets of poverty. Let other banks emulate Fidelity,” he said.

He reiterated that Air Peace was set up primarily to create employment, not for profitmaking, stressing that the motivation behind the business was to empower Nigerians economically.

“Air Peace was not borne out of the intent to profiteer, but to create jobs. Air Peace was not established because I wanted more money but because of the conviction that running an airline would create massive job opportunities. That was why we went into aviation”, he remarked.

He restated the airline’s belief in the Nigerian project, maintaining that supporting the airline meant supporting the growth of the Nigerian economy.

Onyema further craved for the support of all Nigerians on the Lagos-London route, which it opened on March 30, 2024.

He explained that the airline needed to sustain the route, stressing that this could only be done through support from Nigerians.

He said: “For every penny you pay to Air Peace, you pay to sustain the jobs of thousands of Nigerians and support economic growth.

“Air Peace flies you from any of our domestic routes to London. So, you can fly from Yola to London via Lagos. From the local airport, you are taken to the international airport free of charge with a seamless luggage transfer.”

He pledged that the airline would continue to fully adhere to the standard of safety and lauded the management and staff of Air Peace for their efforts in realising the London dream.

 

 

 

 

 

 

 

 

 

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Dangote Group is the elixir of Gateway int’l Trade Fair – OGUNCCIMA

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Dangote: NANS Write President Tinubu Over mismanagement Of CTIN Funds (Video)

Dangote Group is the elixir of Gateway int’l Trade Fair – OGUNCCIMA

…Subsidiaries hit Ogun trade fair

 

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Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the Gateway International Trade Fair.

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This is just as companies under the leading African Indigenous Conglomerate, Dangote Industries Limited, hit the trade fair with their various products as part of strategies to increase market share and deepen customers’ affection.

 

 

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The President of the chamber, Engr. Mike Akingbade, stated this when Ogun state governor, Dapo Abiodun officially opened the 13th edition of the Trade Fair at the M.K.O Abiola Trade Fair Complex, Oke Mosan, Abeokuta

Akingbade lauded the support of Dangote Group in sustaining the Trade Fair, which he noted has led to the prosperity of the state and economic freedom for the people.

“A special commendation must be given to Dangote Industries Limited which has remained the major sponsor of the Gateway International Trade Fair for many years. The committed support of the Dangote Group is the elixir with which the trade fair is activated and OGUNCCINA is eternally grateful for the wonderful gesture of the company,” he said.

He said the 13th Gateway International Trade Fair with the theme: “Achieving Economic Prosperity through Business Connection, Trade and Investment, “is aimed among others, to allow businesses to expand their reach, access new markets, and diversify their customer base. He emphasized that forging robust business connections, participating in trade activities, and making strategic investments will unlock new markets, stimulate economic growth, and enhance overall prosperity.

The Regional Sales Director, Dangote Cement PLC, Lagos/Ogun, Mr Tunde Mabogunje in his goodwill address, assured Ogun state government and OGUNCIMMA of the continuous support of the company, noting that the Group is dedicated to enhancing the prosperity of Nigeria by creating opportunities for Nigerians and businesses in the country.

Mabogunje said visitors to the Dangote Group’s pavilion at the fair will have the opportunity of buying products of these companies at reasonably reduced prices as the Dangote businesses will be selling at discounted prices.

He also hinted that the Dangote Refinery will be part of the next edition of the Trade Fair.

“We want to appreciate Ogun state for bringing us as a partner. We want to assure you that we will be here next year bigger. By next year, our refinery will be part of the Trade Fair,” he said.

Governor Dapo Abiodun who visited the Dangote pavilion immediately after performing the ribbon-cutting ceremony, commended the company and others for supporting the Trade Fair which he noted is aimed at stimulating economic growth.

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