Rivers
TERL’s Board Of Directors Challenged
The Board of Treasure Energy Resources Limited (TERL) has been challenged to ensure that the objective for which the company was set up is vigorously pursued and realised.
Speaking while handing over the company’s registration and other vital documents to the board recently in Port Harcourt, a member of Rivers State Economic Advisory Council, Chief Emmanuel Chike observed that in the past, business ventures set up by government had not faired well.
Chief Chike, however, noted that with the caliber of men and women on the Board of TERL, he was confident that the company would grow in leaps and bounds and achieve its objectives.
Earlier in his remarks, the chairman of the Rivers State Economic Advisory Council (RSEAC), Prof. Nimi Briggs recalled that following the recommendation of the RSEAC and approval of the state governor, the ESEAC successfully midwived TERL. This process culminated in the registration of the company as well as the appointment and inauguration of the Board of Directors by government.
Receiving the documents, the Chairman, Board of Directors of TERL, Chief Chamberlain Oyibo described the occasion as historic and the conception of the company as well thought out.
Chief Oyibo stated that TERL would seriously develop human capacity in the petroleum sector, adding that the board would do its best to justify the vision of government and ensure that the people of Rivers State benefit maximally.
He thanked the Rivers State Economic Advisory Council for midwiving the company and solicited for their continued support.
Treasure Energy Resources Limited (TERL) owned by the Rivers State Government was registered on May 15, 2009 as a Limited Public Company. It is expected to be a leading indigenous petroleum company that will actively participate in the petroleum industry for the maximum benefit of the people and government of Rivers State.
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Rivers Judiciary Denies Issuing Court Order Stopping SOLAD from Swearing in RSCSC Members
The Rivers State Judiciary has denied a media report claiming that Justice Frank Onyiri of the State High Court issued an injunction order restraining the Sole Administrator, Vice Admiral Ibok-Ete Ibas (rtd), from inaugurating the newly appointed members of the Rivers State Civil Service Commission (RSCSC).
In a statement issued by the Deputy Chief Registrar in charge of litigation at the High Court, Menenen Poromon (Esq), the state Judiciary disassociated itself from the report, describing it as malicious and fabricated.
The statement emphasized that the report was a falsehood and a misrepresentation of what transpeared in the court.
Poromon clarified that no such order was issued by Justice Onyiri or any other judge of the High Court of the state and urged the public to disregard the information, as it lacked any iota of truth.
The statement however advised the public to verify any information concerning the state Judiciary directly from the office of the Chief Registrar, High Court of the State, to avoid spreading of misinformation.