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Sunday, December 10, 2017

New officials of the PDP

Below is the full list of new members of PDP NWC.

Uche Secondus National Chairman South south

Deputy National Chairman ( South); Yemi Akinwonmi- Ogun

Deputy National Chairman ( North); Garba Gamawa- Bauchi

National Secretary; Ibrahim Tsauri- Katsina

Deputy National Secretary; Abubakar Mustapha

National Treasurer; Aribisala Adewale- Ekiti

Deputy National Treasurer; Wada Masu-Kano

Financial Secretary; Abdullahi Maibasira- Niger

Deputy Fin. Sec.; Irona Gerald-Imo

National Organizing Secretary; Austin Akobundu- Abia

Dep. Nat. Org. Sec.; Hassan Yakubu- Nasarawa

Publicity Secretary; Kola Ologbondiyan- Kogi

Dep. Nat. Pub. Sec.; Diran Odeyemi- Osun

National Legal Adviser; Emmanuel Enoidem- Akwa Ibom

Dep. Nat. Leg. Ads.; Ahmed Liman- Sokoto

National Auditor; Adamu Mustapha-Yobe

Dep. Nat. Auditor; Divine Arong

National Woman Leader; Mariya Waziri-Kebbi

Dep. Nat. Woman Leader; Hadizat Umoru- Edo

National Youth Leader; Udeh Okoye-Enugu

Dep. Nat. Youth Leader; Umar Maina- Adamu

Thursday, October 19, 2017

Earn money even at home

Earn money even at home
Simply visit :www//http//palm research. com (ref)  1627264

Thursday, October 5, 2017

Participate in miss Nigeria.

MISS NIGERIA FORMS NOW OUT!!! How to Enter:
To be considered for the 41st edition of the Miss Nigeria Pageant, you must pay at any Heritage Bank Branch with the following details:

ACCOUNT NAME: MISS NIGERIA PAGEANT
ACCOUNTNUMBER: 5800001957
BANK: HERITAGE BANK PLC.
@heritagebankng
PROCEDURE:

Step One:

Pay a non-refundable fee of 5,000 Naira  to Heritage Bank

Step Two: - Fill in the online form and include your Teller Number.
- Download your copy as PDF ready for print and to be presented at the casting venue. -International applicants: Applicants can also apply by submitting a YouTube video (Please note International applicants must be of Nigeria Citizen by birth)

We are searching for young girls all around the world to be part of this great opportunity. Send a two minute video clip of yourself with your name, age, occupation, brief background and tell us why you want to be the next Miss Nigeria, upload to YouTube and email the link to info@missnigeria.ng for more information visit missnigeria.ng #beautypageant #MissNigeria2017 #diamondjubilee #beingmissnigeria #nigeria #women #empoweringwomenbeyondbeauty

A ministers petition

THE FULL CONTENT OF DR. KACHIKWU'S LETTER TO MR. PRESIDENT
_____________

His Excellency, Muhammadu Buhari, GCFR
President and Commander-in-Chief of the Armed Forces
The Federal Republic of Nigeria
Presidential Villa Abuja

Your Excellency,

RE: MATTERS OF INSUBORDINATION AND LACK OF ADHERENCE TO DUE PROCESS PERPETUATED BY THE GMD NNPC – DR. BARU

FELICITATIONS

Let me start by welcoming you back to the country and by thanking God for your recovery from ill health. I join millions of Nigerians who rejoice and thank God for grating you the grace of healing and strength to continue the good work you have done for Nigeria in your long illustrious career in public service. I would have wanted to come personally after receiving you at the airport to facilitate with you and discuss matters herein contained, however, I have been unable to secure an appointment to see you despite very many attempts.

VARIOUS ACTIVITIES OF THE GMD

Mr. President, yesterday like many other Nigerians. I resumed work confronted by many publications of massive changed within NNPC. Like the previous reorganizations and reposting done since Dr. Baru resumed as GMD. I was never given the opportunity before the announcements to discuss these appointments. This is so despite being Minister of State of Petroleum and Chairman NNPC Board.

The Board of NNPC which you appointed and which has met every month since its inauguration and, which by the statues of NNPC is meant to review these planned appointments and postings, was never briefed. Members of the Board learned of these appointments from the pages of social media and the press release of NNPC.

At the minimum and like all other Parastatals being supervised by me at the Ministry have continued to do, and in compliance with the proper governance standards expected of a serious public institution, these executive actions by NNPC were supposed to benefit from mine and the Board’s input prior to presentation to you. I need to add that backdoor and present same to the acting president were met with a request that this be discussed with me. This was never done.

Indeed, in anticipation of vacancies that would arise from retiring senior executives of NNPC, I wrote the GMD A letter requesting that we both have prior review of the proposed appointments. This was to enable me to present same to the Board or give an anticipatory approval and then review with the Board later (Appendix 1). I wrote to the GMD given previous happenstance of this nature, in addition, thereafter, I called the GMD to a private meeting where I discussed these issues. Needless to say that, not only did he not give my letter the courtesy of a reply, he proceeded to announce the appointments without consultation or Board concurrence.

Mr. President please not that there is a Board Services Committee whose function is to review potential appointments and terminations of Senior Staff prior to implementation. This committee was also not consulted.

The above is just one of the many occurrences of disrespectful experiences I have encountered with the GMD as your Minister of State.

CONTRACTS

The legal and procedural requirements are that all contracts above $20m would need to be reviewed and approved by the Board of NNPC. Mr. President over one year of Dr. Baru’s tenure, no contract has been run through the Board. This is despite my diplomatic encouragement to Dr. Baru to do so to avoid wrongfully painting you as a President who does not allow Due Process to thrive NNPC. Given the history of malpractices and the public perception of NNPC as having a history of non-transparency (Appendix 2: NEITI report), the NNPC Tenders Board (NTB) cannot be the final clearance authority for contracts it enters into. The NTB which is a collection of top level NNPC executives and COOs, with the GMD as Chairman, cannot continue to be the final approval authority for multi-million dollar contracts and transactions involving NNPC to the exclusion of the Board. Board members have singularly and collectively raised these issues to no avail. (Appendix 3: Letter from Vice President on Expanded Contract)

The following major contracts were never reviewed by or discussed with me Board of NNPC:

The Crude Term contracts- value at over $10bn
The DSDP contracts- value over $5bn
The AKK pipeline contract- value approximately $3bn
Various financing allocation funding contracts with the NOCs – value over $3bn
Various NPDC production service contracts – value at over $3bn--$4bn

There are many more Your Excellency, in most of these activities, the explanation of the GMD is that you are the Minister of Petroleum and your approvals were obtained. However, the correct governance should be that the Minister of the State and the Board review the transaction and give their concurrence prior to presentation to you. As I many cases of things that happen in NNPC these days. I learn of transactions only through publications in the media. The question is why is that the Parastatals which I supervise as Minister of State or Chair of their Board are able to go through these contractual and mandatory governances processed and yet NNPC is exempt from these?

I know that bravado management style runs contrary to the cleansing operations you engaged me to catty out at the inception of your administration. This is also not in consonance with your renowned standards of integrity.

WORKING RELATIONSHIP

Your Excellency, even though the appointments of the other Parastatals Heads in my Ministry were made without my input. I have maintained a cordial and respectful relationship with all. Parastatals under my supervision have continued to excel in their respective areas and adhere to mandatory governance processes. However, my working relationship with GMDs has been fraught with humiliation, sidelining and campaigns of character defamation against me. This is particularly frustrating given many contributions I have made to the growth and stability of the Nigerian Oil and Gas industry through the many policies I have introduced August 2015.

If NNPC is considered and known to be one of the Parastatals under the Ministry, why does the GMD refuse to report into my office or to the Board on the serious issues such as above especially given that I have been by Your Grace, the Minister overseeing these Parastatals for two years?

Your Excellency, even at the time when we were unfortunate to have you away to England for a medical checkup, the situation remained the same.

MEETINGS

The matter of collaborative meeting is another issue altogether. When I call for meetings, the GMD chooses which meetings he wishes to attend and those he chooses to send subordinate. He sends such subordinates without the courtesy of a call to explain his absence.  The unattended meetings are in the majority. In all of 2017, I have been able only to get him to have one on one meetings with me about four to five times.

At inception, I instituted a Monthly Parastatals review meeting with Head of Agencies and another with the all the Senior management in all the Parastatals. GMD objected to his Senior Staff coming to the Joint Senior Management meetings. He argued that this was overreaching his territory. He was only comfortable with the Monthly of all Heads of Agencies meetings which he has only attended a few times. I have had to carry on with the rest of the Ministry. Despite being Chairman of NNPC Board. I have tried to manage the bad perception created by GMDs blatant insubordination and disrespectful attitude. Particularly I have worked hard to avoid being seen as pretty and meddlesome.

FEAR CULTURE

The effect of the attitude of the GMD and the sidelining of the Board is that there is a fear culture in NNPC. The open administration I introduced, with your support in our first year of pushing reforms, has been completely eroded. The essence of this innovation was to drive great working interface and interaction amongst all Parastatals in the Petroleum sector. Other Parastatals have benefitted from this.

NNPC staff are afraid of contacting me to avoid being punished, sidelined in appointments and targeted. Indeed, the key factor for growth and advancement in NNPC of today is to avoid the Minister of State’s Office.

VARIOUS ACCUSATIONS

In order to convince to your Excellency of the need to sideline me, I am sure I have been labeled as being.

I.Anti-North

II.Corrupt

III. In Collusion With Militants

Some faceless blogs have even had the audacity to circulate such rumors. Nothing Your Excellency can be further from the truth. I mention this because this will be the likely response you will receive to this attempt I am making to alert you on the state of affairs under the GMD’s leadership.

These accusations are baseless.

I. ANTI-NORTH

First, all my appointments were generated with key inputs from all the COOs of NNPC and were balanced and based strictly on skills, experience, drive, and ethnic balancing for senior management positions. Mid-level positions were sole suggestions of the COOs. Let me say for the records that I am a completely detribalized Nigerian and I have lived my formative years in the East, West, North, and South-South part of the Country. My Father was a Federal High Court Judge in most parts of the North. My siblings and I benefited from growing up in Kano. In addition, I have resided and worked in Rivers, Delta, Lagos, Oyo, Enugu, Anambra, etc. I have no reason to be anti-North because in my working career I have found that good and skillful people abound everywhere in our Nation.

II.CORRUPTION

I have done nothing in my time at NNPC or the Ministry that is corrupt or laced with any such intent. In my time as GMD, all policies and contracts were generated by the Heads of Division, approved by COOs, passed through NTB and (in the absence of a Board at the time) I received your approvals, I have had no relationship with any one of or any transaction in my period that was product of a personal deal or an arrangement, if anyone benefited from NNPC contracts, they did so on their merit and I rarely participated in those contractual processes except to review them.

Anyone peddling any contrary information is resorting to cheap blackmail.

III.MILITANTS AND SECURITY:

I took on the issue of security headlong because it was the primary causative factor for production that declined from 2.2 mpbd to 1mpbd at our lowest point (November 2016). At great risk to my life. I visited militant camps, coordinated with our security apparatus, organized the four of the HEVP to several frontline states and worked with PANDEF and other groups to bring calm and increase production and some measures of stability to what it is today.

I have never betrayed the trust you placed on me. I did not deploy any public financial resources to achieve the results in the Niger Delta region. Most times I have utilized my personal resources and goodwill accumulated over the many years prior to my appointment to achieve these far reaching results and of course all these were with collaborations with Agencies of the government (Office of the VP, DSS, NSA, etc.)

I dare mention that the blueprint of these engagements were discussed with and approved by you.

Given the sensitivity of my position, I remain one of the most tracked officers of your government, so if there is any truth to these rumors, you would have known.

Mr. President you took me from the private sector where I left an enviable track record of performance and integrity spanning over 25 years rising to the highest positions in multinational oil sector organization. I came to this job with the zeal to change the sector. Measurable progress has been made and more would have been achieved but for the challenges I have listed above.

THE FUTURE OF THE OIL INDUSTRY

Mr. President I have been on a race to stabilize and move the industry to the next phase. Timing is critical. The sector is also in a critical state where only innovative ideas can stop the alarming impact of the fall of oil prices on the National Income. The innovations that we have developed and stated implementing in the Downstream, Upstream, Policy generation and Niger Delta Security have enabled the sector to stabilize slightly. However, truth is that given the global challenge in this sector, we must aggressively pursue out of the box ideas on rejuvenating this sector, getting the best yield and increasing our earnings from oil and gas. What this means is that Parastatals in the Ministry and all CEOs of these Parastatals must be aligned with the policy drive of the supervising Ministry to allow the sector register of the growth that has eluded it for many years. To do otherwise or to exempt any of the Parastatals would emplace a stunted growth industry.

PRAYERS

My prayers most humbly and respectfully are:

That we save NNPC and the oil industry from collapse arising from the above non-transparent practices and empower the Board you inaugurated to do the needful.
That you save the office of the Minister of State from further humiliation and disrespect by compelling all Parastatals to submit to oversight regulatory mandate and proper supervision which I am supposed to manage on your behalf.
You kindly instruct the GMD to effectively leave NNPC to run as a proper institution and report out along due process lines to the Board and that your Excellency instructs that all reviews be done with the Minister of State prior to your decision.
That to set the right examples, you approve that recently announced reorganization changes be suspended until the GMD, myself, and the Board have made relevant input to same. This will send a clear signal of process and transparency.
That your Excellency encouraged joint presentation meetings between heads of Parastatals and the Minister of State to you so as to encourage a culture of working together and implant discipline in the hierarchy.

These in my view, Mr. President, will provide you balanced analysis on issues and avoid exposing the exalted office of Mr. President to ridicule. It will also reduce nonproductive, unsubstantiated rumor peddling.

Mr. President, I thank you for the opportunities given me to serve and I wish you continued full recovery. I remain loyal and very proud of you Sir.

Mr. President kindly accept the assurances of my highest esteem and loyalty.

Dr. Emmanuel Ibe Kachikwu
Honorable Minister of State Petroleum
Resources.THE FULL CONTENT OF DR. KACHIKWU'S LETTER TO MR. PRESIDENT
_____________

His Excellency, Muhammadu Buhari, GCFR
President and Commander-in-Chief of the Armed Forces
The Federal Republic of Nigeria
Presidential Villa Abuja

Your Excellency,

RE: MATTERS OF INSUBORDINATION AND LACK OF ADHERENCE TO DUE PROCESS PERPETUATED BY THE GMD NNPC – DR. BARU

FELICITATIONS

Let me start by welcoming you back to the country and by thanking God for your recovery from ill health. I join millions of Nigerians who rejoice and thank God for grating you the grace of healing and strength to continue the good work you have done for Nigeria in your long illustrious career in public service. I would have wanted to come personally after receiving you at the airport to facilitate with you and discuss matters herein contained, however, I have been unable to secure an appointment to see you despite very many attempts.

VARIOUS ACTIVITIES OF THE GMD

Mr. President, yesterday like many other Nigerians. I resumed work confronted by many publications of massive changed within NNPC. Like the previous reorganizations and reposting done since Dr. Baru resumed as GMD. I was never given the opportunity before the announcements to discuss these appointments. This is so despite being Minister of State of Petroleum and Chairman NNPC Board.

The Board of NNPC which you appointed and which has met every month since its inauguration and, which by the statues of NNPC is meant to review these planned appointments and postings, was never briefed. Members of the Board learned of these appointments from the pages of social media and the press release of NNPC.

At the minimum and like all other Parastatals being supervised by me at the Ministry have continued to do, and in compliance with the proper governance standards expected of a serious public institution, these executive actions by NNPC were supposed to benefit from mine and the Board’s input prior to presentation to you. I need to add that backdoor and present same to the acting president were met with a request that this be discussed with me. This was never done.

Indeed, in anticipation of vacancies that would arise from retiring senior executives of NNPC, I wrote the GMD A letter requesting that we both have prior review of the proposed appointments. This was to enable me to present same to the Board or give an anticipatory approval and then review with the Board later (Appendix 1). I wrote to the GMD given previous happenstance of this nature, in addition, thereafter, I called the GMD to a private meeting where I discussed these issues. Needless to say that, not only did he not give my letter the courtesy of a reply, he proceeded to announce the appointments without consultation or Board concurrence.

Mr. President please not that there is a Board Services Committee whose function is to review potential appointments and terminations of Senior Staff prior to implementation. This committee was also not consulted.

The above is just one of the many occurrences of disrespectful experiences I have encountered with the GMD as your Minister of State.

CONTRACTS

The legal and procedural requirements are that all contracts above $20m would need to be reviewed and approved by the Board of NNPC. Mr. President over one year of Dr. Baru’s tenure, no contract has been run through the Board. This is despite my diplomatic encouragement to Dr. Baru to do so to avoid wrongfully painting you as a President who does not allow Due Process to thrive NNPC. Given the history of malpractices and the public perception of NNPC as having a history of non-transparency (Appendix 2: NEITI report), the NNPC Tenders Board (NTB) cannot be the final clearance authority for contracts it enters into. The NTB which is a collection of top level NNPC executives and COOs, with the GMD as Chairman, cannot continue to be the final approval authority for multi-million dollar contracts and transactions involving NNPC to the exclusion of the Board. Board members have singularly and collectively raised these issues to no avail. (Appendix 3: Letter from Vice President on Expanded Contract)

The following major contracts were never reviewed by or discussed with me Board of NNPC:

The Crude Term contracts- value at over $10bn
The DSDP contracts- value over $5bn
The AKK pipeline contract- value approximately $3bn
Various financing allocation funding contracts with the NOCs – value over $3bn
Various NPDC production service contracts – value at over $3bn--$4bn

There are many more Your Excellency, in most of these activities, the explanation of the GMD is that you are the Minister of Petroleum and your approvals were obtained. However, the correct governance should be that the Minister of the State and the Board review the transaction and give their concurrence prior to presentation to you. As I many cases of things that happen in NNPC these days. I learn of transactions only through publications in the media. The question is why is that the Parastatals which I supervise as Minister of State or Chair of their Board are able to go through these contractual and mandatory governances processed and yet NNPC is exempt from these?

I know that bravado management style runs contrary to the cleansing operations you engaged me to catty out at the inception of your administration. This is also not in consonance with your renowned standards of integrity.

WORKING RELATIONSHIP

Your Excellency, even though the appointments of the other Parastatals Heads in my Ministry were made without my input. I have maintained a cordial and respectful relationship with all. Parastatals under my supervision have continued to excel in their respective areas and adhere to mandatory governance processes. However, my working relationship with GMDs has been fraught with humiliation, sidelining and campaigns of character defamation against me. This is particularly frustrating given many contributions I have made to the growth and stability of the Nigerian Oil and Gas industry through the many policies I have introduced August 2015.

If NNPC is considered and known to be one of the Parastatals under the Ministry, why does the GMD refuse to report into my office or to the Board on the serious issues such as above especially given that I have been by Your Grace, the Minister overseeing these Parastatals for two years?

Your Excellency, even at the time when we were unfortunate to have you away to England for a medical checkup, the situation remained the same.

MEETINGS

The matter of collaborative meeting is another issue altogether. When I call for meetings, the GMD chooses which meetings he wishes to attend and those he chooses to send subordinate. He sends such subordinates without the courtesy of a call to explain his absence.  The unattended meetings are in the majority. In all of 2017, I have been able only to get him to have one on one meetings with me about four to five times.

At inception, I instituted a Monthly Parastatals review meeting with Head of Agencies and another with the all the Senior management in all the Parastatals. GMD objected to his Senior Staff coming to the Joint Senior Management meetings. He argued that this was overreaching his territory. He was only comfortable with the Monthly of all Heads of Agencies meetings which he has only attended a few times. I have had to carry on with the rest of the Ministry. Despite being Chairman of NNPC Board. I have tried to manage the bad perception created by GMDs blatant insubordination and disrespectful attitude. Particularly I have worked hard to avoid being seen as pretty and meddlesome.

FEAR CULTURE

The effect of the attitude of the GMD and the sidelining of the Board is that there is a fear culture in NNPC. The open administration I introduced, with your support in our first year of pushing reforms, has been completely eroded. The essence of this innovation was to drive great working interface and interaction amongst all Parastatals in the Petroleum sector. Other Parastatals have benefitted from this.

NNPC staff are afraid of contacting me to avoid being punished, sidelined in appointments and targeted. Indeed, the key factor for growth and advancement in NNPC of today is to avoid the Minister of State’s Office.

VARIOUS ACCUSATIONS

In order to convince to your Excellency of the need to sideline me, I am sure I have been labeled as being.

I.Anti-North

II.Corrupt

III. In Collusion With Militants

Some faceless blogs have even had the audacity to circulate such rumors. Nothing Your Excellency can be further from the truth. I mention this because this will be the likely response you will receive to this attempt I am making to alert you on the state of affairs under the GMD’s leadership.

These accusations are baseless.

I. ANTI-NORTH

First, all my appointments were generated with key inputs from all the COOs of NNPC and were balanced and based strictly on skills, experience, drive, and ethnic balancing for senior management positions. Mid-level positions were sole suggestions of the COOs. Let me say for the records that I am a completely detribalized Nigerian and I have lived my formative years in the East, West, North, and South-South part of the Country. My Father was a Federal High Court Judge in most parts of the North. My siblings and I benefited from growing up in Kano. In addition, I have resided and worked in Rivers, Delta, Lagos, Oyo, Enugu, Anambra, etc. I have no reason to be anti-North because in my working career I have found that good and skillful people abound everywhere in our Nation.

II.CORRUPTION

I have done nothing in my time at NNPC or the Ministry that is corrupt or laced with any such intent. In my time as GMD, all policies and contracts were generated by the Heads of Division, approved by COOs, passed through NTB and (in the absence of a Board at the time) I received your approvals, I have had no relationship with any one of or any transaction in my period that was product of a personal deal or an arrangement, if anyone benefited from NNPC contracts, they did so on their merit and I rarely participated in those contractual processes except to review them.

Anyone peddling any contrary information is resorting to cheap blackmail.

III.MILITANTS AND SECURITY:

I took on the issue of security headlong because it was the primary causative factor for production that declined from 2.2 mpbd to 1mpbd at our lowest point (November 2016). At great risk to my life. I visited militant camps, coordinated with our security apparatus, organized the four of the HEVP to several frontline states and worked with PANDEF and other groups to bring calm and increase production and some measures of stability to what it is today.

I have never betrayed the trust you placed on me. I did not deploy any public financial resources to achieve the results in the Niger Delta region. Most times I have utilized my personal resources and goodwill accumulated over the many years prior to my appointment to achieve these far reaching results and of course all these were with collaborations with Agencies of the government (Office of the VP, DSS, NSA, etc.)

I dare mention that the blueprint of these engagements were discussed with and approved by you.

Given the sensitivity of my position, I remain one of the most tracked officers of your government, so if there is any truth to these rumors, you would have known.

Mr. President you took me from the private sector where I left an enviable track record of performance and integrity spanning over 25 years rising to the highest positions in multinational oil sector organization. I came to this job with the zeal to change the sector. Measurable progress has been made and more would have been achieved but for the challenges I have listed above.

THE FUTURE OF THE OIL INDUSTRY

Mr. President I have been on a race to stabilize and move the industry to the next phase. Timing is critical. The sector is also in a critical state where only innovative ideas can stop the alarming impact of the fall of oil prices on the National Income. The innovations that we have developed and stated implementing in the Downstream, Upstream, Policy generation and Niger Delta Security have enabled the sector to stabilize slightly. However, truth is that given the global challenge in this sector, we must aggressively pursue out of the box ideas on rejuvenating this sector, getting the best yield and increasing our earnings from oil and gas. What this means is that Parastatals in the Ministry and all CEOs of these Parastatals must be aligned with the policy drive of the supervising Ministry to allow the sector register of the growth that has eluded it for many years. To do otherwise or to exempt any of the Parastatals would emplace a stunted growth industry.

PRAYERS

My prayers most humbly and respectfully are:

That we save NNPC and the oil industry from collapse arising from the above non-transparent practices and empower the Board you inaugurated to do the needful.
That you save the office of the Minister of State from further humiliation and disrespect by compelling all Parastatals to submit to oversight regulatory mandate and proper supervision which I am supposed to manage on your behalf.
You kindly instruct the GMD to effectively leave NNPC to run as a proper institution and report out along due process lines to the Board and that your Excellency instructs that all reviews be done with the Minister of State prior to your decision.
That to set the right examples, you approve that recently announced reorganization changes be suspended until the GMD, myself, and the Board have made relevant input to same. This will send a clear signal of process and transparency.
That your Excellency encouraged joint presentation meetings between heads of Parastatals and the Minister of State to you so as to encourage a culture of working together and implant discipline in the hierarchy.

These in my view, Mr. President, will provide you balanced analysis on issues and avoid exposing the exalted office of Mr. President to ridicule. It will also reduce nonproductive, unsubstantiated rumor peddling.

Mr. President, I thank you for the opportunities given me to serve and I wish you continued full recovery. I remain loyal and very proud of you Sir.

Mr. President kindly accept the assurances of my highest esteem and loyalty.

Dr. Emmanuel Ibe Kachikwu
Honorable Minister of State Petroleum
Resources.THE FULL CONTENT OF DR. KACHIKWU'S LETTER TO MR. PRESIDENT
_____________

His Excellency, Muhammadu Buhari, GCFR
President and Commander-in-Chief of the Armed Forces
The Federal Republic of Nigeria
Presidential Villa Abuja

Your Excellency,

RE: MATTERS OF INSUBORDINATION AND LACK OF ADHERENCE TO DUE PROCESS PERPETUATED BY THE GMD NNPC – DR. BARU

FELICITATIONS

Let me start by welcoming you back to the country and by thanking God for your recovery from ill health. I join millions of Nigerians who rejoice and thank God for grating you the grace of healing and strength to continue the good work you have done for Nigeria in your long illustrious career in public service. I would have wanted to come personally after receiving you at the airport to facilitate with you and discuss matters herein contained, however, I have been unable to secure an appointment to see you despite very many attempts.

VARIOUS ACTIVITIES OF THE GMD

Mr. President, yesterday like many other Nigerians. I resumed work confronted by many publications of massive changed within NNPC. Like the previous reorganizations and reposting done since Dr. Baru resumed as GMD. I was never given the opportunity before the announcements to discuss these appointments. This is so despite being Minister of State of Petroleum and Chairman NNPC Board.

The Board of NNPC which you appointed and which has met every month since its inauguration and, which by the statues of NNPC is meant to review these planned appointments and postings, was never briefed. Members of the Board learned of these appointments from the pages of social media and the press release of NNPC.

At the minimum and like all other Parastatals being supervised by me at the Ministry have continued to do, and in compliance with the proper governance standards expected of a serious public institution, these executive actions by NNPC were supposed to benefit from mine and the Board’s input prior to presentation to you. I need to add that backdoor and present same to the acting president were met with a request that this be discussed with me. This was never done.

Indeed, in anticipation of vacancies that would arise from retiring senior executives of NNPC, I wrote the GMD A letter requesting that we both have prior review of the proposed appointments. This was to enable me to present same to the Board or give an anticipatory approval and then review with the Board later (Appendix 1). I wrote to the GMD given previous happenstance of this nature, in addition, thereafter, I called the GMD to a private meeting where I discussed these issues. Needless to say that, not only did he not give my letter the courtesy of a reply, he proceeded to announce the appointments without consultation or Board concurrence.

Mr. President please not that there is a Board Services Committee whose function is to review potential appointments and terminations of Senior Staff prior to implementation. This committee was also not consulted.

The above is just one of the many occurrences of disrespectful experiences I have encountered with the GMD as your Minister of State.

CONTRACTS

The legal and procedural requirements are that all contracts above $20m would need to be reviewed and approved by the Board of NNPC. Mr. President over one year of Dr. Baru’s tenure, no contract has been run through the Board. This is despite my diplomatic encouragement to Dr. Baru to do so to avoid wrongfully painting you as a President who does not allow Due Process to thrive NNPC. Given the history of malpractices and the public perception of NNPC as having a history of non-transparency (Appendix 2: NEITI report), the NNPC Tenders Board (NTB) cannot be the final clearance authority for contracts it enters into. The NTB which is a collection of top level NNPC executives and COOs, with the GMD as Chairman, cannot continue to be the final approval authority for multi-million dollar contracts and transactions involving NNPC to the exclusion of the Board. Board members have singularly and collectively raised these issues to no avail. (Appendix 3: Letter from Vice President on Expanded Contract)

The following major contracts were never reviewed by or discussed with me Board of NNPC:

The Crude Term contracts- value at over $10bn
The DSDP contracts- value over $5bn
The AKK pipeline contract- value approximately $3bn
Various financing allocation funding contracts with the NOCs – value over $3bn
Various NPDC production service contracts – value at over $3bn--$4bn

There are many more Your Excellency, in most of these activities, the explanation of the GMD is that you are the Minister of Petroleum and your approvals were obtained. However, the correct governance should be that the Minister of the State and the Board review the transaction and give their concurrence prior to presentation to you. As I many cases of things that happen in NNPC these days. I learn of transactions only through publications in the media. The question is why is that the Parastatals which I supervise as Minister of State or Chair of their Board are able to go through these contractual and mandatory governances processed and yet NNPC is exempt from these?

I know that bravado management style runs contrary to the cleansing operations you engaged me to catty out at the inception of your administration. This is also not in consonance with your renowned standards of integrity.

WORKING RELATIONSHIP

Your Excellency, even though the appointments of the other Parastatals Heads in my Ministry were made without my input. I have maintained a cordial and respectful relationship with all. Parastatals under my supervision have continued to excel in their respective areas and adhere to mandatory governance processes. However, my working relationship with GMDs has been fraught with humiliation, sidelining and campaigns of character defamation against me. This is particularly frustrating given many contributions I have made to the growth and stability of the Nigerian Oil and Gas industry through the many policies I have introduced August 2015.

If NNPC is considered and known to be one of the Parastatals under the Ministry, why does the GMD refuse to report into my office or to the Board on the serious issues such as above especially given that I have been by Your Grace, the Minister overseeing these Parastatals for two years?

Your Excellency, even at the time when we were unfortunate to have you away to England for a medical checkup, the situation remained the same.

MEETINGS

The matter of collaborative meeting is another issue altogether. When I call for meetings, the GMD chooses which meetings he wishes to attend and those he chooses to send subordinate. He sends such subordinates without the courtesy of a call to explain his absence.  The unattended meetings are in the majority. In all of 2017, I have been able only to get him to have one on one meetings with me about four to five times.

At inception, I instituted a Monthly Parastatals review meeting with Head of Agencies and another with the all the Senior management in all the Parastatals. GMD objected to his Senior Staff coming to the Joint Senior Management meetings. He argued that this was overreaching his territory. He was only comfortable with the Monthly of all Heads of Agencies meetings which he has only attended a few times. I have had to carry on with the rest of the Ministry. Despite being Chairman of NNPC Board. I have tried to manage the bad perception created by GMDs blatant insubordination and disrespectful attitude. Particularly I have worked hard to avoid being seen as pretty and meddlesome.

FEAR CULTURE

The effect of the attitude of the GMD and the sidelining of the Board is that there is a fear culture in NNPC. The open administration I introduced, with your support in our first year of pushing reforms, has been completely eroded. The essence of this innovation was to drive great working interface and interaction amongst all Parastatals in the Petroleum sector. Other Parastatals have benefitted from this.

NNPC staff are afraid of contacting me to avoid being punished, sidelined in appointments and targeted. Indeed, the key factor for growth and advancement in NNPC of today is to avoid the Minister of State’s Office.

VARIOUS ACCUSATIONS

In order to convince to your Excellency of the need to sideline me, I am sure I have been labeled as being.

I.Anti-North

II.Corrupt

III. In Collusion With Militants

Some faceless blogs have even had the audacity to circulate such rumors. Nothing Your Excellency can be further from the truth. I mention this because this will be the likely response you will receive to this attempt I am making to alert you on the state of affairs under the GMD’s leadership.

These accusations are baseless.

I. ANTI-NORTH

First, all my appointments were generated with key inputs from all the COOs of NNPC and were balanced and based strictly on skills, experience, drive, and ethnic balancing for senior management positions. Mid-level positions were sole suggestions of the COOs. Let me say for the records that I am a completely detribalized Nigerian and I have lived my formative years in the East, West, North, and South-South part of the Country. My Father was a Federal High Court Judge in most parts of the North. My siblings and I benefited from growing up in Kano. In addition, I have resided and worked in Rivers, Delta, Lagos, Oyo, Enugu, Anambra, etc. I have no reason to be anti-North because in my working career I have found that good and skillful people abound everywhere in our Nation.

II.CORRUPTION

I have done nothing in my time at NNPC or the Ministry that is corrupt or laced with any such intent. In my time as GMD, all policies and contracts were generated by the Heads of Division, approved by COOs, passed through NTB and (in the absence of a Board at the time) I received your approvals, I have had no relationship with any one of or any transaction in my period that was product of a personal deal or an arrangement, if anyone benefited from NNPC contracts, they did so on their merit and I rarely participated in those contractual processes except to review them.

Anyone peddling any contrary information is resorting to cheap blackmail.

III.MILITANTS AND SECURITY:

I took on the issue of security headlong because it was the primary causative factor for production that declined from 2.2 mpbd to 1mpbd at our lowest point (November 2016). At great risk to my life. I visited militant camps, coordinated with our security apparatus, organized the four of the HEVP to several frontline states and worked with PANDEF and other groups to bring calm and increase production and some measures of stability to what it is today.

I have never betrayed the trust you placed on me. I did not deploy any public financial resources to achieve the results in the Niger Delta region. Most times I have utilized my personal resources and goodwill accumulated over the many years prior to my appointment to achieve these far reaching results and of course all these were with collaborations with Agencies of the government (Office of the VP, DSS, NSA, etc.)

I dare mention that the blueprint of these engagements were discussed with and approved by you.

Given the sensitivity of my position, I remain one of the most tracked officers of your government, so if there is any truth to these rumors, you would have known.

Mr. President you took me from the private sector where I left an enviable track record of performance and integrity spanning over 25 years rising to the highest positions in multinational oil sector organization. I came to this job with the zeal to change the sector. Measurable progress has been made and more would have been achieved but for the challenges I have listed above.

THE FUTURE OF THE OIL INDUSTRY

Mr. President I have been on a race to stabilize and move the industry to the next phase. Timing is critical. The sector is also in a critical state where only innovative ideas can stop the alarming impact of the fall of oil prices on the National Income. The innovations that we have developed and stated implementing in the Downstream, Upstream, Policy generation and Niger Delta Security have enabled the sector to stabilize slightly. However, truth is that given the global challenge in this sector, we must aggressively pursue out of the box ideas on rejuvenating this sector, getting the best yield and increasing our earnings from oil and gas. What this means is that Parastatals in the Ministry and all CEOs of these Parastatals must be aligned with the policy drive of the supervising Ministry to allow the sector register of the growth that has eluded it for many years. To do otherwise or to exempt any of the Parastatals would emplace a stunted growth industry.

PRAYERS

My prayers most humbly and respectfully are:

That we save NNPC and the oil industry from collapse arising from the above non-transparent practices and empower the Board you inaugurated to do the needful.
That you save the office of the Minister of State from further humiliation and disrespect by compelling all Parastatals to submit to oversight regulatory mandate and proper supervision which I am supposed to manage on your behalf.
You kindly instruct the GMD to effectively leave NNPC to run as a proper institution and report out along due process lines to the Board and that your Excellency instructs that all reviews be done with the Minister of State prior to your decision.
That to set the right examples, you approve that recently announced reorganization changes be suspended until the GMD, myself, and the Board have made relevant input to same. This will send a clear signal of process and transparency.
That your Excellency encouraged joint presentation meetings between heads of Parastatals and the Minister of State to you so as to encourage a culture of working together and implant discipline in the hierarchy.

These in my view, Mr. President, will provide you balanced analysis on issues and avoid exposing the exalted office of Mr. President to ridicule. It will also reduce nonproductive, unsubstantiated rumor peddling.

Mr. President, I thank you for the opportunities given me to serve and I wish you continued full recovery. I remain loyal and very proud of you Sir.

Mr. President kindly accept the assurances of my highest esteem and loyalty.

Dr. Emmanuel Ibe Kachikwu
Honorable Minister of State Petroleum
Resources.THE FULL CONTENT OF DR. KACHIKWU'S LETTER TO MR. PRESIDENT
_____________

His Excellency, Muhammadu Buhari, GCFR
President and Commander-in-Chief of the Armed Forces
The Federal Republic of Nigeria
Presidential Villa Abuja

Your Excellency,

RE: MATTERS OF INSUBORDINATION AND LACK OF ADHERENCE TO DUE PROCESS PERPETUATED BY THE GMD NNPC – DR. BARU

FELICITATIONS

Let me start by welcoming you back to the country and by thanking God for your recovery from ill health. I join millions of Nigerians who rejoice and thank God for grating you the grace of healing and strength to continue the good work you have done for Nigeria in your long illustrious career in public service. I would have wanted to come personally after receiving you at the airport to facilitate with you and discuss matters herein contained, however, I have been unable to secure an appointment to see you despite very many attempts.

VARIOUS ACTIVITIES OF THE GMD

Mr. President, yesterday like many other Nigerians. I resumed work confronted by many publications of massive changed within NNPC. Like the previous reorganizations and reposting done since Dr. Baru resumed as GMD. I was never given the opportunity before the announcements to discuss these appointments. This is so despite being Minister of State of Petroleum and Chairman NNPC Board.

The Board of NNPC which you appointed and which has met every month since its inauguration and, which by the statues of NNPC is meant to review these planned appointments and postings, was never briefed. Members of the Board learned of these appointments from the pages of social media and the press release of NNPC.

At the minimum and like all other Parastatals being supervised by me at the Ministry have continued to do, and in compliance with the proper governance standards expected of a serious public institution, these executive actions by NNPC were supposed to benefit from mine and the Board’s input prior to presentation to you. I need to add that backdoor and present same to the acting president were met with a request that this be discussed with me. This was never done.

Indeed, in anticipation of vacancies that would arise from retiring senior executives of NNPC, I wrote the GMD A letter requesting that we both have prior review of the proposed appointments. This was to enable me to present same to the Board or give an anticipatory approval and then review with the Board later (Appendix 1). I wrote to the GMD given previous happenstance of this nature, in addition, thereafter, I called the GMD to a private meeting where I discussed these issues. Needless to say that, not only did he not give my letter the courtesy of a reply, he proceeded to announce the appointments without consultation or Board concurrence.

Mr. President please not that there is a Board Services Committee whose function is to review potential appointments and terminations of Senior Staff prior to implementation. This committee was also not consulted.

The above is just one of the many occurrences of disrespectful experiences I have encountered with the GMD as your Minister of State.

CONTRACTS

The legal and procedural requirements are that all contracts above $20m would need to be reviewed and approved by the Board of NNPC. Mr. President over one year of Dr. Baru’s tenure, no contract has been run through the Board. This is despite my diplomatic encouragement to Dr. Baru to do so to avoid wrongfully painting you as a President who does not allow Due Process to thrive NNPC. Given the history of malpractices and the public perception of NNPC as having a history of non-transparency (Appendix 2: NEITI report), the NNPC Tenders Board (NTB) cannot be the final clearance authority for contracts it enters into. The NTB which is a collection of top level NNPC executives and COOs, with the GMD as Chairman, cannot continue to be the final approval authority for multi-million dollar contracts and transactions involving NNPC to the exclusion of the Board. Board members have singularly and collectively raised these issues to no avail. (Appendix 3: Letter from Vice President on Expanded Contract)

The following major contracts were never reviewed by or discussed with me Board of NNPC:

The Crude Term contracts- value at over $10bn
The DSDP contracts- value over $5bn
The AKK pipeline contract- value approximately $3bn
Various financing allocation funding contracts with the NOCs – value over $3bn
Various NPDC production service contracts – value at over $3bn--$4bn

There are many more Your Excellency, in most of these activities, the explanation of the GMD is that you are the Minister of Petroleum and your approvals were obtained. However, the correct governance should be that the Minister of the State and the Board review the transaction and give their concurrence prior to presentation to you. As I many cases of things that happen in NNPC these days. I learn of transactions only through publications in the media. The question is why is that the Parastatals which I supervise as Minister of State or Chair of their Board are able to go through these contractual and mandatory governances processed and yet NNPC is exempt from these?

I know that bravado management style runs contrary to the cleansing operations you engaged me to catty out at the inception of your administration. This is also not in consonance with your renowned standards of integrity.

WORKING RELATIONSHIP

Your Excellency, even though the appointments of the other Parastatals Heads in my Ministry were made without my input. I have maintained a cordial and respectful relationship with all. Parastatals under my supervision have continued to excel in their respective areas and adhere to mandatory governance processes. However, my working relationship with GMDs has been fraught with humiliation, sidelining and campaigns of character defamation against me. This is particularly frustrating given many contributions I have made to the growth and stability of the Nigerian Oil and Gas industry through the many policies I have introduced August 2015.

If NNPC is considered and known to be one of the Parastatals under the Ministry, why does the GMD refuse to report into my office or to the Board on the serious issues such as above especially given that I have been by Your Grace, the Minister overseeing these Parastatals for two years?

Your Excellency, even at the time when we were unfortunate to have you away to England for a medical checkup, the situation remained the same.

MEETINGS

The matter of collaborative meeting is another issue alto

Friday, September 15, 2017

Benue flood committee distributes relief materials








The Flood Committee and Emergency Control headed by The state Deputy Governor Engr. Benson Abounu yesterday symbolically distributed relief materials to the affected 21 local Government areas in Benue State.

The decision was taken during a meeting of the committee with the Chairmen of the affected local Governments and the security agencies in the state.

Engr. Abounu stated that, the state government share the pains of all the flood victims and would give any support to ensure they are comforted, he stressed that the Relief materials sent in through the state government either by the National Emergency Management Agency (NEMA), the Federal Government, Cooperate bodies or NGOs is not only meant for the Makurdi IDPs alone and would be shared to all the affected local government areas in  the state.

Responding on behalf of the Council Chairmen, the Guma local government chairman who doubles as the ALGON Chairman Hon. Anthony Shawon thank those who have contributed in one way or the other to support the flood victims by either cash donations or relief materials.

Hon. Shawon particularly heaped praises on President Muhammadu Buhari and  Gov. Samuel Ortom for responding swiftly to ensure the victims are very comfortable during this period of flood disaster.

The ALGON Chairman expressed delight and satisfaction with the work done by the committee. He also commended SEMA boss Hon. Boniface Ortese and his team for the selfless service and pray God to reward them abundantly.

The 21 affected local government areas in the state include; Makurdi, Guma, Buruku, Agatu, Gwer-East, Gwer-West, Vandeikya, Kwande, Apa, Ohimini, Oju, Katsina-Ala, Obi, Ogbadibo, Logo, Ushongu, Tarka, Ukum, Konshisha, Otukpo and Okpoku.

The relief materials were food items, clothing, mosquito nets, bedding and blankets.

Wednesday, September 13, 2017

SPECIAL ANNOUNCEMENT FROM OFFICE OF REGISTRAR, BENUE STATE UNIVERSITY.



This is to inform all Unified Tertiary Matriculation Examination (UTME) candidates who applied for admission into the Benue State University, Makurdi for the 2017/2018 Academic Session that candidates who scored 180 points and above in the UTME are eligible to participate in the Post UTME exercise of the University. Registration begins from Tuesday, 12th September, 2017 to Thursday, 21st September, 2017. The procedure for payment and registration for the Post UTME exercise is as follows:
Candidates shall be required to pay a non-refundable Post UTME registration fee of two thousand, five hundred naira (N2,500.00) only. After which they should proceed to do the following:
- Visit www.bsum.edu.ng

- Click on E-Payment to open the E-Payment page
- Select Programme, Payment category as
"POST UTME APPLICATION"
- Type in the UTME Registration number,
- Select Session as “2017/2018”
- Select “Session” under semester field
- Click on “Generate payment reference” button to generate reference number
- Click on “click to proceed” link at the bottom of the page to access three (3) payment options as follows:
(I) For On-line payments using Mastercard, VISA and Verve Cards;
Click on the “Pay Online” button, you will be taken to Interswitch Payment Page. From the drop down below the page, select you card type and enter the requested information to make Payment. Once your payment is completed successfully, a receipt will be issued and you can continue with your application.
(II) For cash payments at Bank; Visit any of the following Bank Branches nation- wide to make payment.
• Fidelity Bank Plc.
• Zenith Bank Plc.
• ECO Bank Plc.
• Guaranty Trust Bank Plc.
• Sterling Bank Plc.
• Diamond Bank Plc.
• First Bank of Nigeria Plc.
• United Bank for Africa Plc.
• Unity Bank Plc.
• Union Bank of Nigeria Plc.
• Skye Bank Plc.
Before proceeding to the bank, print your Payment Reference Number slip from the E-Payment Platform and take it to the bank. On receipt of cash from you, the Bank using “College Pay” will process your transaction and generate Payment Receipt for you.
(III) For payment at ATM terminals
Visit any ATM terminal with your ATM card and do the following:
• Select Quickteller from the ATM menu
• select pay bills
• Fill in the Payment reference Number generated from the E-Payment platform when you are requested to enter the Customer ID
• Fill in 04255101 when you are requested to enter the Payment Code
• Enter your GSM Number and complete the transaction.
After successfully completing the payment, return to the portal to login and print out your Payment Receipt
(IV) For payment using Quickteller from the Internet
Visit the Quickteller website www.quickteller .com/bsumwhile applicants for courses in the College of Health Sciences should visit www.quickteller .com/chsbsuto complete their transaction.
 Enter your Registration number
 Enter your email and mobile number and click "continue"
 Follow the instructions on the screen to complete your payment
 Print out the payment confirmation slip
 Return to the portal and print out a payment receipt.
Note: This payment option attracts additional N100.00
B: Registration
After payment, candidates are expected to revisit the University website www.bsum.edu.ngand now select “Post UTME/DE” under “Applications” on the “Portal” section left of the University website. Once on the page, candidates are to follow the steps below to complete their registration:
i. Enter your UTME Registration number and click “Verify” button to log in. Register and upload credentials online for the Post-UTME exercise.
ii. Click on “My Bio Data” link to complete your Biodata.
iii. Click on “Upload Documents” link to upload the following documents:
a. WAEC/NECO/NABTEB Certificates or statement of results (not online slips).
b. Birth Certificate/Declaration of age.
c. Marriage certificate/affidavits.
d. Certificate of State Origin.
e. JAMB Result slip.
iv. Click on “Acknowledgement Slip” link to print and submit to Faculty Officer of your faculty for signing and documentation.
v. Candidates are expected to present the AcknowledgementSlip on day of Post UTME.
All candidates who applied for Law but scored between 180 and 199 are to take their PUTME in Faculty of Arts, while candidates who applied for Medicine and Surgery but scored between 180 and 199 are to take their PUTME along with Anatomy, Physiology and Faculty of Science.
The date for the Post UTME exercise shall be communicated to candidates after registration.
Mrs. Catherine Terlumun Bur
Ag. Registrar

Wednesday, September 6, 2017

The Richest Ten Nigerians for 2017.



Forbes, the world renowned organisation for ranking of rich individuals, has released the list of richest people in Nigeria for 2017.
The ranking issued today shows Aliko Dangote retaining his spot as number one.
Full list below…

1. Aliko Dangote: Aliko Dangote is the richest man in Nigeria, Africa and of course the richest black man in the world. In 2014, he ranked as the 24th richest man in the world but has since then fallen to positions below 100 due to Nigeria’s poor Naira.
Net Worth: $12.5 billion.

2. Mike Adenuga: Mike Adenuga is the second richest man in Nigeria with interest in Oil and Gas and telecoms. He is the owner of Globacom, Nigeria’s second biggest telecom operators and the chairman of Conoil.
Net Worth: $10.5 billion.

3. Femi Otedola: He is the CEO of Zenon Oil and Gas and Forte Oil Plc. He has interest in real estates amongst other sectors.
Net Worth: $2.3 billion.

4. Folorunsho Alakija: Folorunsho is a business tycoon who has interest in fashion,oil and printing industries. She is the richest Woman in Nigeria and the richest woman of the African descent in the world.
Net Worth: $2.1 billion.

5. Theophilus Danjuma: Former Nigerian Chief of Army staff between 1975 to 1979. He is the current chairman of Atlantic Petroleum.
Net Worth: $1.7 billion.

6. Abdusalam Rabiu: Abdusalam is the founder of the famous BUA Group. A conglomerate active in sugar refining, cement production, real estate and port operations. In September 2015, his Group signed a $600 million deal with a chinese cement equipment service provider Sinoma International Engineering to construct a second production line located in Edo State Niger Delta, Nigeria.
Net Worth: $1.5 billion.

7. Tony Elumelu: A philanthropist and founder of the Transcorp and Heirs Holdings. He was the chairman of United Bank for Africa.
Net Worth: $1.4 billion.

8. Orji Uzor Kalu: The former governor of Abia State. He is the founder and chairman of Slok Holding. A conglomerate with interest in shipping, banking, oil, trading, manufacturing and the media. He became a real business man at the age of 19 after being expelled from a Nigerian University for allegedly spearheading a series of student riots.
Net Worth: $1.1 billion.

9. Jim Ovia: is the founder of Zenith Bank. He is the chairman and the largest shareholder with a stake of almost 10%. He also manages a mobile telecom Visafone which has over 3 million subscribers.
Net Worth: $1 billion.

10. Oba Otudeko: is the Chairman and founder of the honeywell group. He is also the chairman of FBN Holdings Plc. His operations spread across oil and gas, flour mining, real estate, and marine transportation.
Net Worth: $650 million.

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