Skip to main content

Nigerian Authorities Suspends West African Ventures from Nigeria’s Oil and Gas Industry



The federal government Of Nigeria has suspended West African Ventures (WAV) from participating in ongoing and future tenders in Nigeria’s oil and gas industry for violating the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010, better known as the Nigerian Content Act.


Who are WAV?

WAV is a provider of offshore engineering, procurement, fabrication, installation and vessel charter services in the oil and gas industry.

Report gathered that the company allegedly violated the Nigerian Content law and also frustrated President Muhammadu Buhari’s efforts to build local capacity in the oil and gas industry and create jobs for Nigerians.

In the letters addressed to each of the managing directors of the international oil companies (IOCs), the acting Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Daziba Patrick Obah informed the IOCs that WAV had failed to respond to the agency’s notices with adequate evidence to show compliance to the Nigerian Content Act.

In his letter to the Managing Director of ExxonMobil Companies in Nigeria, comprising Mobil Producing Nigeria Unlimited and Esso Exploration & Production Nigeria Limited, Obah said in view of WAV’s fragrant abuse of Nigerian laws, the agency had no option than to initiate sanctions against the company.

The letter with reference number NCDMB/ES/18/16 also directed ExxonMobil to suspend consideration of WAV in ongoing and future tendering processes with immediate effect.

The NCDMB also sent similar letters to Chevron Nigeria Limited with reference number: NCDMB/ES/17/16 dated June 9, 2019, as well as Addax, Agip and Total.

The President of the company, Mr. Jacques Roomans, was outside the country and could not be reached.
When contacted, the Secretary to the President, Mr. Johnson Mgbemena, told THISDAY that the Company Secretary would provide official response but no response was received despite several reminders.

However, an official of the company, who was not authorised to speak on the matter told Reporter that the company was collaborating with NCDMB to address the issues.

A source at NCDMB also accused WAV of gross violations of Sections 28, 33 and 41 (2) of the NOGICD Act 2010 and deploying non-compliant assets and expatriates.
According to him, the company is flooded with expatriates who do not have approvals from the board and whose roles can easily be performed by Nigerians.
Labels:

Comments

Post a Comment

Popular posts from this blog

US Demands Immediate End To South Sudan Fighting

The United States demanded an immediate end to renewed fighting in the capital of South Sudan on Sunday, ordering all non-essential personnel out of the troubled country. "The United States strongly condemns the latest outbreak of fighting in Juba today between forces aligned with President Salva Kiir Mayardit and those aligned with First Vice President Riek Machar Teny, including reports we have that civilian sites may have been attacked," State Department spokesman John Kirby said in a statement.
Post a Comment
Read more

Canada Police Thwart Potential Attack,Suspect Shot Dead

Canadian police shot dead an alleged Islamic State sympathizer who was about to activate an explosive device in Ontario late on Wednesday, media reports said as police confirmed thwarting a “potential terror threat”. There was no immediate confirmation from Canada’s federal police that anyone had been shot, with a statement saying only that a suspect had been identified and that they had taken “action” after receiving “credible information” about a potential attack. “Earlier today, the RCMP received credible information of a potential terrorist threat. A suspect was identified and the proper course of action has been taken to ensure that there is no danger to the public’s safety,” the Royal Canadian Mounted Police (RCMP) said in a statement. They did not say where the incident took place. Media reports said the suspect was a 24-year-old man who had been arrested in 2015 for expressing support for the Islamic State group in postings on social media. He had been released in February ...
Post a Comment
Read more

Lafarge Africa Posts N30bn Drop In Half-Year Profit

Lafarge Africa Plc, a leading cement and building solutions provider, yesterday announced a loss of N30.1 billion for the half year ended June 30, 2016, compared with a profit after tax of N27.3billion in the corresponding period of 2014.
Post a Comment
Read more