News
Contractors Threaten To Seize Agip Facilities Over Unpaid Debts
Contractors to Nigerian Agip Oil Company (NAOC) have threatened that they would seize all facilities belonging to the firm in Niger Delta over their failure to clear their (contractors’) unpaid contract debts.
The indigenous contractors also kicked against the ongoing acquisition of Agip by Oando PLC., stating that it would be inhuman and lack of global best practice to allow the deal sail through without settling all debts owed them by the company.
The contractors under the auspices of Coalition of Indigenous Contractors of Agip (CICA), expressed shock that Agip would take on such deal without first discussing the modalities to pay all their outstanding debts.
CICA in a statement signed by its Chairman, Ifeanyichuku Olisa and Secretary, Chief Felix Alumona, in Port Harcourt, decried that Agip owed its members huge amount of money for jobs they did for the company.
The statement called on President Bola Tinubu to intervene in the matter and ensure that all outstanding debts owed the contractors are paid before the conclusion of the acquisition.
The contractors pleaded with security agencies to prevail on Agip and NNPC to settle the outstanding debts to avoid compelling host communities and other affected stakeholders resorting to self-help.
The statement read: “We recently heard that NAOC has been acquired by Oando and the acquisition process is ongoing. Whilst we hold no objection to the purported acquisition, we are concerned about happens to the monies NAOC owes all its contractors.
“It also worrisome to hear from NAOC that the other joint venture partners, NNPC and OANDO have not consistently remitted their joint venture contributions, cash calls, which invariably has led to humongous sums of money being owed to local contactors, comprising landlords to NAOC facilities, service contractors and general contractors, who provide services to NAOC.”
The contractors said some of the debts had been owed since 2020, adding that loans were obtained from the banks by contractors to execute the jobs.
CICA said: “What becomes of the monies being owed these contractors, many of who sought bank loans and invoice discount facilities, and now at serious risk of severe financial losses.
“We call on our ever listening President Bola Tinubu to prevail on NNPC and OANDO, to as a matter of save our soul (SOS) intervene and save NAOC contractors from financial losses.
“Government regulatory agencies as well as all security agencies should please prevail seriously on NNPC/OANDO to please save the contractors from impending calamity and to forestall landlord and host community contractors, from resorting to self-help which will include but not limited to ensuring the stoppage of all NAOC operations in our host communities.”
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RHI, RSG Empower 500 Senior Citizens In Rivers
The Renewed Hope Initiative in conjunction with the Rivers State Government has empowered 500 elderly citizens in Rivers State with financial support of N200,000 each.
The empowerment programme was part of activities to celebrate the third anniversary of the Renewed Hope Initiative Elderly Support Scheme RHIESS, a social investment policy initiated by the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu.
Speaking at the event which held at the Government House, Port Harcourt, recently, under the theme, ‘Finding Joy in Old Age,’ Senator Tinubu said the gesture which has become traditional since 2023 was a mark of gratitude in recognition of the invaluable contributions of the senior citizens to nation building.
The First Lady who was represented by the wife of the Rivers State Governor and State Coordinator of the Renewed Hope Initiative, Lady Valerie Fubara, said the scheme was to “support two hundred and fifty (250) vulnerable elderly citizens aged 65 and above in all the 36 states of the federation, the Federal Capital Territory, and veterans from the Defence and Police Officers’ Wives Association (DEPOWA) totalling 9,500 selected beneficiaries across the nation.
She urged the beneficiaries to engage in activities that will make them find joy in old age.
“I encourage you to continue playing your part by staying healthy and active, nurture both your body and mind through regular exercise and meaningful engagement,” Senator Tinubu advised.
On her part, Lady Fubara said the State Government through the magnanimity of the governor, Sir Siminalayi Fubara, has increased the beneficiaries of the programme from 250 to 500.
She restated the commitment of the State Government towards provision of social welfare and improving the standard of living of the elderly in the State.
Also speaking, the Executive Secretary, Rivers State Contributory Health Protection Programme (RIVCHPP), Dr Vetty Agala, said the State Government has through the Health4allrivers Initiative, introduced free medical care for senior citizens in the State, in line with the Renewed Hope Initiative.
News
Expedite Action On MBA Forex Operator’s Prosecution, Rivers NUJ Tells EFCC
The Nigeria Union of Journalists (NUJ), Rivers State Council, has urged the Economic and Financial Crimes Commission (EFCC) to expedite the prosecution of the Director of the now distressed MBA Forex Trading, Mr. Maxwell Odum, in the interest of justice.
The Rivers State NUJ made the appeal during a courtesy visit to the EFFC’s Ag. Zonal Director, ACE Hassan Saidu, in Port Harcourt, recently.
The council’s chairman, Comrade Paul Bazia, said the appeal became imperative after it considered the number of Nigerians and others involved in the financial misconduct.
According to him, it has caused hardship among many households in the country and should be given the attention it deserves.
He said that investors cannot come into a country or invest in an economy or nation ridden with fraud.
This, he said, has made it more imperative to arrest, prosecute and convict alleged fraudsters like the MBA Forex Director, who is alleged to have defrauded thousands of unsuspecting Nigerians, to serve as a deterrent to others.
The chairman also requested that while the trial lasts, part of the swindled funds should be given to the victims that suffered loss and trauma as a result of the fraud.
The NUJ reiterated its resolve to change the narrative of reportage from crisis to developmental communication.
According to him, the NUJ’s main focus is blue economy and tourism.
He expressed the readiness of the Council to partner the agency in the area of information dissemination.
“We believe you have a responsibility to fight financial crimes. We also know that you need the Press to publicize your activities and NUJ can provide that,” he said.
Responding, the Zonal EFFC’s boss commended the NUJ’s vision to change the narrative of reporting from crisis to developmental communication.
According to Saidu, the Western world have since imbibed such culture, hence the negative stories about them are carefully sifted to allow only positive ones to be released to the outside world.
As for the trapped funds to be released, the EFCC Zonal Director stated that only the court can authorize such action, stressing that the primary responsibility of the Commission is to arrest and prosecute.
He pledged to partner with the NUJ now that the leadership has visited the Commission.
The Head of the Legal & Prosecution Department, DCE Odiase Stephen, corroborated the Zonal Director’s position and stressed that it was only when the matter has been determined by the court that such funds can be released.
He further stated that once a matter is before a court of competent jurisdiction, it cannot be discussed outside.
By: King Onunwor
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