Energy
FG fails to pay whistle-blower who exposed secret $223m NNPC account
BY PUNCh Newspapers
The Office of the Attorney-General of the Federation is currently enmeshed in a scandal after refusing to pay a whistle-blower (name withheld) his N1.8bn commission for exposing an account with $223m (N80.2bn).
Several documents made available to The PUNCH by a source in the AGF’s office, showed that the whistle-blower approached the AGF, Abubakar Malami (SAN), in June 2018 and informed him of an account named, ‘NNPC Brass LNG INV. Fund’ with number 1750027157 domiciled in Skye Bank (now Polaris Bank).
The bank was said to have failed to remit the money to the Central Bank of Nigeria in contravention of the Treasury Single Account policy of the Federal Government.
Bank documents showed that the account was opened with the sum of $328, 998, 818.24 on May 31, 2014, at the Asokoro branch of the bank
According to statement of account obtained by The PUNCH, about $50m was transferred from the account to the account of the National Security Adviser domiciled in the account of the Central Bank of Nigeria on May 8, 2014 while Col. Sambo Dasuki (retd.) was still the NSA.
Investigations further revealed that after the Muhammadu Buhari-led government began the full implementation of the TSA and ordered that all government funds in commercial banks be transferred to the CBN, the aforementioned account continued to operate.
It was learnt that when the Bank Verification Number initiative was introduced and Maikanti Baru was appointed as the Group Managing Director of the NNPC, 14 persons (all NNPC officials) were listed as signatories to the account in contravention of banking practices.
Some of the names of signatories include: NNPC GMD, Maikanti Baru, with BVN 22169280709; NNPC Group General Manager, Babatunde Victor Adeniran, with BVN 22144631650; Head of Marketing, Mele Kolo Kyari, with BVN 22206528997; and Group General Manager, Research and Development, Surajudeen Bolanle Afolabi with BVN 22215178271.
Others include, Managing Director, Nigerian Petroleum Development Company, Yusuf Shimingah Matashi with BVN 22272006629; NNPC Secretary, Chukwudi Ogonna Momah, with BVN 22144111468; Group General Manager, CSR, Ohi Alegbe with BVN 22232395310; and Group General Manager, Group Insurance, NNPC, Modupe Bammeke with BVN 22190602006.
Upon reporting the matter to the AGF, the whistle-blower was said to have been referred to the Special Investigation Panel and briefed them on his findings.
He subsequently accompanied officials of the panel to the bank where top officials were arrested and made statements.
Members of the bank’s board were also invited by the panel where they were said to have complained that transferring all the money to the CBN in one fell swoop would affect the bank negatively and pleaded for the option of paying in instalments.
After playing his part, the whistle-blower signed a bond along with the AGF which was witnessed by Ladidi Mohammed, the Head, Asset Recovery and Management Unit at the AGF’s office.
A copy of the bond dated June 14, 2018 which was obtained by The PUNCH stated in part that, “any recovered amount from N5bn and above attracts a flat/definite reward of two and a half per cent of the recovered sum.”
It further stated the commission shall become due and payable to the whistle-blower ‘within 30 days’ of the receipt of the recovered/looted funds by the Federal Government and payment shall be made to the designated/nominated account provided in writing by the whistle-blower.
Checks by The PUNCH revealed that $30m was transferred from the said account to the CBN in three tranches on March 1, 2019, March 6, 2019 and April 25.
It was, however, learnt that 11 months after the agreement was signed, the Federal Government had failed to give the whistle-blower any money.
In a letter signed by the whistle-blower’s lawyer, Aliyu Lemu, which was addressed to the AGF, the whistle-blower lamented the failure of the government to honour the agreement.
He threatened to sue the Federal Government if he was not paid his commission within seven days.
The letter read in part, “We therefore on behalf of our client make a final demand for the immediate payment of the sum of N1, 829, 794, 676 being the reward due to our client as stipulated in paragraph (e) of the whistle-blower Reward Agreement executed with the Federal Government.
“Take notice that if the above final demand is not heeded within the period of seven days from the date of receipt of this letter, we shall explore all other social, public and legal remedies available to our client under the constitution of Nigeria without further recourse to your good office.”
When contacted on the telephone, the Head, Corporate Communications at Polaris Bank, Rasheed Bolarinwa, promised to get back to our correspondent but he had yet to do so as of press time.
Similarly, the AGF as well as his spokesman, Salihu Isah, did not respond to inquiries on Monday.
The PUNCH recalls that the Minister of Finance, Zainab Ahmed, boasted last week that the Federal Government had recovered N605bn through the whistleblower policy.
However, checks by The PUNCH showed that whistle-blowers were not always paid on time.
The PUNCH had reported in 2017 that the Economic and Financial Crimes Commission had recovered $43m, £27,000, N23m from a house in Ikoyi which belonged to the National Intelligence Agency.
However, it was only after pressure from the media eight months later that the Federal Government was compelled to pay the whistle-blower the sum which had been forfeited several months earlier.
The acting EFCC Chairman, Mr. Ibrahim Magu, had a few months ago lamented the slow pace at which whistle-blowers were getting their commission and how it could undermine the success of the policy.
…OML 13 Asset Eyes 80,000 bpd by End of 2025
In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market.
It would be recalled that in July, 2024, NNPC Ltd and its partner, the Sterling Oil Exploration & Energy Production Company (SEEPCO) Ltd introduced the Utapate crude oil blend, following the lifting of first cargo of 950,000 barrels which headed for Spain.
During a ceremony held at the Argus European Crude Conference taking place in London, United Kingdom, on Wednesday, the Managing Director, NNPC E & P Limited (NEPL), Mr. Nicholas Foucart described the introduction of the Utapate crude oil blend into the market as a significant milestone for Nigeria’s crude oil export to the global energy market.
“Since we started producing the Utapate Field in May 2024, we have rapidly ramped up production to 40,000 barrels per day (bpd) with minimum downtime. So far, we have exported five cargoes, largely to Spain and the East Coast of the United States; while two more additional cargoes have been secured for November and December 2024, representing a significant boost to Nigeria’s crude oil export to the global market,” Foucart told a packed audience of European crude oil marketers.
He added that since its introduction into the global market, the Utapate crude oil blend has enjoyed a positive response from the international crude oil market, due to its highly attractive qualities.
Foucart said the Oil Mining Lease (OML) 13, fully operated by NEPL and Natural Oilfield Services Ltd (NOSL), a subsidiary of SEEPCO Ltd, boasts a huge reserves of 330million barrels of crude oil reserves, 45 million barrels of condensate and 3.5 tcf of gas.
“We have a number of ongoing projects to increase our production from the current 40,000bopd to 50,000bopd by January 2025 and 60,000bopd to 65,000bopd by June 2025. Essentially, we are targeting opportunities to increase production to 80,000bopd by the end of 2025,” Foucart added.
He said the Utapate crude oil terminal is sustainable, affordable and fully compliant with the rigorous environmental regulations and sustainability principles especially those aimed at reducing carbon emissions and other ecological effects.
Also speaking, the Managing Director of NNPC Trading Ltd (NTL), Mr. Lawal Sade said the pricing structure of the Utapate crude oil blend is similar to that of Amenam crude as it is a light sweet crude which is highly sought after by refiners across the world due to its low sulphur content, efficient yield of high-value products, API gravity and other similarities.
He said in bringing the new crude oil blend to the global market, NNPC Ltd wanted to optimise value for both its producers and counterparties across the globe.
He added to ensure predictability and sustainability of supply, the NNPC Trading intends to run a term contract on the Utapate crude oil blend cargoes, principally targeting off-takers from the European and the US East Coast refineries.
Produced from the Utapate field in OML 13 in Akwa Ibom State in Nigeria, the Utapate crude oil blend is similar to the Nembe crude oil grade. It has a low sulphur content of 0.0655% and low carbon footprint due to flare gas elimination, fitting perfectly into the required specification of major buyers in Europe.
The NNPC E&P Ltd and NOSL partnership is also committed to operating in a manner that is safe, environmentally responsible, and beneficial to the local communities.
The Utapate field development plan, executed between 2013-2019 and approved in October, included converting wells and facilities from swamp/marine to land-based operations.
The plan involved a multi-rig drilling campaign for 40 wells and the development of significant infrastructure such as production facilities, storage tank, a subsea pipeline and an offshore loading platform to facilitate crude oil evacuation and loading.
The entry of the Utapate crude oil blend into the market is coming barely a year after the NNPC Ltd announced the launch of Nembe crude oil, produced by the NNPC/Aiteo operated Oil Mining Lease (OML) 29 Joint Venture (JV).
This remarkable achievement signals the commitment of the NNPC Ltd to increasing Nigeria’s crude oil production and growing its reserves through the development of new assets.
Energy
NNPC Ltd Set to Supply 100mmscf/d Gas to Dangote Refinery
…10-year Deal to Boost Local Production, Revamp Industrial Growth, reports Ikenna Oluka
The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE.
The agreement, signed by the Managing Director, NGML, Barr. Justin Ezeala and the President/CEO of the Dangote Group, Aliko Dangote on Tuesday at the Corporate Head Office of Dangote in Falomo, Lagos State, outlines the supply of natural gas for power generation and feedstock at the Dangote Refinery, in Ibeju-Lekki, Lagos State.
This major milestone is in line with President Bola Ahmed Tinubu’s policy of utilizing Nigeria’s abundant gas resources towards revamping the nation’s industrial growth and kickstarting its economic prosperity.
This development, which sees a huge investment of this nature penned with zero capital expenditure (CAPEX) outlay, has been described by many as unprecedented in the history of NGML or any gas Local Distribution Company (LDC) in the country.
Under the terms of the agreement, NGML will supply 100 million standard cubic feet per day (MMSCF/D), 50MMSCF/D being firm supply and the rest 50MMSCF/D interruptible natural gas supply to the refinery for an initial period of 10 years, with options for renewal and growth.
This collaboration is a significant step toward ensuring the operational success of the Dangote Refinery and enhancing Nigeria’s domestic gas utilization.
NNPC Ltd, through NGML, its gas marketing subsidiary, continues to lead efforts in promoting the use of domestic gas to support industries and businesses nationwide.
The agreement represents a milestone for both NNPC Ltd and Dangote Refinery, aligning with their shared commitment to boosting local production and providing vital products for the benefit of all Nigerians.
It is also a further proof of NGML’s unwavering commitment to business excellence and fulfilling NNPC Ltd’s core mandate of ensuring Nigeria’s energy security through the execution of strategic gas projects across the country.
Energy
AVEVA Unveils Key Learnings from its 2023 Sustainability Progress Report and first AVEVA Industrial Intelligence Index
AVEVA, a global leader in industrial software, launches AVEVA’s 2023 Sustainability Progress Report and the first edition of the AVEVA Industrial Intelligence Index at London Tech Week 2024 where the company advocates for an ethical and impact-driven AI aimed at increasing creativity and efficiency for a more sustainable world.
AVEVA 2023 Sustainability Progress Report: key learnings
In 2023, AVEVA continued to make progress on its core ESG framework objectives, including enabling the sustainable transformation of industry through its software, modelling environmental stewardship and ethical best practice, and fostering an inclusive workplace culture where every employee feels engaged and empowered to learn and grow.
This fourth edition of the report is AVEVA’s first publication of ESG data and workstream advancements aligned to a calendar year reporting period. It details progress made in 2023 to AVEVA’s three key pillars: Technology handprint, Operational footprint, and Inclusive culture.
Technology handprint
“Beyond our efforts to reduce our own carbon footprint, we recognize that our biggest opportunity to make a positive impact and accelerate our journey towards NetZero is through our core products, digital solutions that can help industries improve efficiency, circularity, traceability and resilience” declared Lisa Wee, Global Head of Sustainability, AVEVA.
With this regard, the company has developed a green new logo program that has supported in the first six months the deployment of clean tech activities for 25 customers. In addition, with 13 new case studies quantifying the reduction of emissions AVEVA software enables for customers, the company demonstrates how it walks the talk through tangible achievements contributing to sustainability. Last but not least, hackathons run in 2023 generated 80 sustainability-led technology ideas for future innovations.
2023 also saw the launch of AVEVA’s Sustainability Accelerator program the purpose of which is to advance sustainability use cases and capabilities across the company’s portfolio and partner ecosystem, including via AVEVA’s industrial intelligence platform, CONNECT.
“AVEVA’s Sustainability Accelerator program aims to enable faster uptake of existing sustainability solutions across the industrial landscape, while we continue to invest in product capabilities and partnerships that will push out the frontiers of sustainability innovation for industry” said Joana Mainguy, Director of Sustainability in charge of the program.
Finally, AVEVA has pioneered a new standard for green software: since the end of 2023, 31% of its portfolio has built-in power consumption measurement technology.
Operational footprint
In 2023, AVEVA met 4 out of the 15 2025 ESG targets including 93% reduction in scope 1 and scope 2 emissions through a combination of measures: the company procured 100% of renewable electricity in all global markets as per RE100 criteria, reduced its overall fleet of 21% over the year, and counted hybrid or electric vehicles for 25% of the remaining fleet. Notable achievements related to upstream emissions include a 36% decrease in purchased goods and services and a 49% decrease in business travel emissions. The latter goes beyond our 2025 ESG goal of a 20% reduction.
Regarding the scope 3, AVEVA has integrated e-waste data in the inventory under the waste category to report another significant achievement: “Our initial target of diverting 5 tons of e-waste from landfill in 2025 was surpassed by 22.75 tons in 2023. 100% of e-waste sent to our disposal partner is now diverted from landfill,” explained Lisa Wee.
Inclusive culture
AVEVA’s commitment to developing a workplace environment where all employees feel included and are treated with dignity and respect is also highlighted in the report.
“Globally, with 39.9% of new hires, 29% of managers and 26,5% of leaders being women, AVEVA has significantly increased gender representation in 2023 and will continue in this direction to raise these numbers to 50% of new hires, 40% of managers and 30% of leaders by 2030. Besides, we have reached our goal of less than 1% pay equity, and it currently stands at 0.5%”,commented Lisa Wee with enthusiasm. In addition, AVEVA demonstrated its commitment to society donating £ 310,000 to causes supported by AVEVA employees’ communities around the world.
AVEVA also achieved key milestones in regions: In the US, the company has developed a partnership with two Historically Black Colleges and Universities (HBCUs) for an ‘AVEVA Scholars Program. Spanning three years, the program includes scholarships and immersive onsite experiences, ultimately paving the way for talented Black scholars in Engineering and Computer Science to join the AVEVA team upon graduation. The pilot will kick-off mid-June 2024 and count 12 students.
AVEVA INDUSTRIAL INTELLIGENCE INDEX REPORT: A 2-in-1 publication to report on industrial needs and to give guidance on existing solutions through inspiring examples of successful and sustainable digital transformation:
At London Tech Week 2024, AVEVA launched its first annual AVEVA Industrial Intelligence Index:
“AVEVA has been supporting the industrial world for more than half a century. Listening to our customers’ needs and understanding their challenges is how we innovate and develop tailored solutions that will help them cope with current and future challenges. With more than 25 000 customers across all industries, we have built a unique expertise. Today I’m delighted to introduce our first AVEVA Industrial Intelligence Index Report. Our ambition is to issue this report every year to help C-suite executives, business unit leaders, and strategic decision-makers leverage industrial intelligence and succeed in the digital age, with inspiring insights about how industries transform towards a more sustainable future” declared Caspar Herzberg, AVEVA CEO.
Drawing on research conducted with 500 global industry executives across Europe, North America and Asia Pacific, this first edition gives valuable and actionable insights into the power, manufacturing, infrastructure, and chemicals industries. Including comments from AVEVA’s experts and leaders, the report unveils macro trends and describes the forces that drive change and innovation. It also presents case studies showcasing successful digitalization initiatives, and strategies for driving innovation and efficiency to chart a course towards a more sustainable and profitable future.
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