Member Info for Afamefuna

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read betwean lines, he covering his back and gettin out. look see he sayin he dun his job in accordance with his fiduciary duty. like he sayin it wasunt me I did propper job, he sayin bye bye to easy muney as non executive for a big reason.

The company in a statement explained that Okwuosa resigned voluntarily, after years of sharing his wealth of experience with the Board and management of the company in accordance with his fiduciary duty as a Non-Executive Director.

Oilserv Limited hereby brings to the notice of the general public that its Chairman/GCEO, Engr. Emeka Okwuosa, CON had resigned from the board of Eroton Exploration & Production Limited as a Non-Executive Director of the company.

samalaric say the oil leakages are all down to either theft or vandalism.

samalaric that be the same bad man you bin tellin all the punturs for years an years that there nuthin to worry about.

you guna eat yer words now caped crusadur. misinformin all them inocent aim investeyrs you says yer here to help. not. lol

yes hux that wuz yet anothur major lie from the horses mouth.

anuthur fewtile batle that fannin thunk he could win if he paid the law man big bar. anothr batle he lost threw big
headidnus an arragance. luvluy to see law workin for the commun man

https://www.independent.ie/business/irish/irish-oil-executive-oisin-fanning-loses-250000-case-over-tax-on-luxury-flat-42388626.html

mr redistedi that be all them insidunts that were very very real but alaricsam was in denial about at the time. he said dont worry dont listun to afa or calusjunkie or blackswan cause they is wrong an it wont effect us. lol.

oh look it is. lol

shows up how much you can releye on supur rampurs words an sudo inturlectshul advise. oh it be not at all and nevur cause them look like cover up murchunts now.

“This is in line with the provisions of the Joint Operating Agreement (JOA)”, Chief Corporate Communications Officer, NNPC Ltd, Garbadeen Muhammad, said in a statement. He said that while the key business reasons that made the change in operatorship were compelling, it was publicly available information that production had declined from thirty thousand barrels per day to zero.

According to him, Eroton is also not able to remit to the JV parties the proceeds of gas supplied to its affiliate, NOTORE.

Muhammad said some of these audits were regulatory steps that may lead to licence revocation under the relevant laws if non-operating partners did not take drastic steps.

go on earn yer keep boy. lol
now published all over the wurld.

https://nigerianobservernews.com/2023/03/nnpc-18-operating-replaces-eroton-in-oml-18/
https://economicconfidential.com/2023/03/oml-nnpcl-partner-dismiss/
https://freshangleng.com/28068/partners-of-cml-18--replaces-eroton-with-nnpc-eighteen-operating-limitedhttps://www.energyvoice.com/oilandgas/africa/ep-africa/488146/nnpc-san-leon-eroton/
https://businessday.ng/energy/article/nnpc-18-operating-ltd-replaces-eroton-as-oml-18-operator-to-protect-investments/
https://ukinvestormagazine.co.uk/aim-movers-in-the-style-selling-business-and-k3-business-retail-contract/

and thers moor. lol

hey alaric what colur cape dya wear when you posting as super hero saving poor inocent aim sharehulder. is it same colour cape you worn when you doing same job years ago when SP was 80 pennies. lol

mr redistedi i didnt remove yer post. my good an fair postings gone aswel. the hole fred went but it was a pointles useles fred started by alaric so no loss.

all my post were to close to the bone for the rampin trio. probably that why them rampin trio got fair ansers to fair qwestshuns removed. but you got my answer so no problum.

I not a shareholder no more cause I sold today. look see wait for the rampin trio use that agenst me. lol

the red lion is the wurld famous day tradurs delite.

yes alaric nigeria very dangurus place to invest. sum say only fool wood risk hard erned there not inturlectuals wiv clevur heds on sholdurs. inturlectuals earn bar in clevur way dont they.

is this tru sam cause nothin in your last post is.

EROTON Sold 46.19 Billion SCF Of Gas Without Remitting Revenue To NNPC.
EROTON Breached JV Agreements With NNPC

so let get bak to propur subjekt samalaricbluebully tryin best to covur up but he all doin so badluy at aint he. you seudo inturlectual got more insults or can you find proper adult answurs. lol

“It has become glaringly obvious that the asset is being run as a ‘family business’ with very poor governance structures, a total lack of transparency and total lack of value for money for expenditure.”

“The sum of N439,255,269.49 was paid to Oilserv as an advancement in respect of 30 per cent pipeline installation of N1,169,182,468.20(EROTON’ s purchase Order)/ $12,001,512.89 (Oilserv Invoice) without specifying the 30 per cent was calculated on purchase order or invoice.

The Auditors stated further that travel and tour expense paid for in 2019 (N798,631,103.78); 2018 (N389,495,871.86); and 2017 (N382,984,561.02); whose invoices were provided by EROTON to prove genuineness of travel and to expenses from vendors could not be supported with official receipts.

It was also revealed that the Audit exercises carried out by NNPC Ltd Internal and appointed External Auditors indicated the award of contracts to unapproved vendors without recourse to due process, amongst several other compliance-related issues.

EROTON has also been selling gas to a related company without the JV partners’ approval, a valid Gas Sales Agreement and proper revenue remittal and accountability, despite several requests by the JV parties.

hahaha samalaricbluebully you doeth protest to much chum. you now word lie very well i think. you all use it lots you very very familiur with it bein so close to yer heart. lol

Further findings revealed that from 2016 to date, OML18’s net crude production has significantly fallen from about 30,000 barrels per day to less than 1,000 barrels per day despite the JV Partner’s consistent cash call payments over the same period. there has been the persistent issue of poor implementation of the JV-approved work programs, including the Alternative Crude Oil Evacuation Project.

EROTON is also said to have been heavily indebted to contractors making it challenging to secure service providers in addition to the financial exposure to the JV.

Other infractions include the non-remittance of domestic gas revenue to joint venture partners, default on tax obligations, and shut-in of production for the last 18 months.

i not hidin samalaricbluebully but is this what you tryin to hide. is this what you bin tryin to hide

Sahara Energy’s Petition To NNPC, NUPRC On OML 18 Mismanagement Kick-Started Regulatory Intervention

in a bid to determine a true and impartial state of affairs and in accordance with clauses 2.2.11, 4.1.1, 6.6 -6.8 of the Joint Operating Agreement, the Management of NNPC Ltdv appointed two Auditors – Messrs KPMG and Tamuno George & Co in July 2020, to carry out a forensic audit on the JV operations.

concerns about the mismanagement of the oil assets by EROTON, findings revealed that another partner in the Joint Venture, Sahara Energy, in a letter dated 21st October 2021, petitioned the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), alleging persistent mismanagement of operations of OML 18 by the Company.

It was learnt that upon the conclusion of their preliminary investigation, the outcome also indicated mismanagement of the asset by EROTON.

NUPRC was said to have confirmed EROTON’s default in making statutory payments (Oil Royalty, Gas Sales Royalty, Gas flare payments, and Concession rentals), award of contracts to unapproved vendors without recourse to due process.

so you sayin it good if the rumur is tru. well thank the messungur then. lol.lol

samalaric i not hidin but what you tryin to be hidin you an your besty mates givin out more abuse than ever. make me wundur why.

if rumur is tru this why the sp goin up then. rotwiler mus be lappin up shares cheap before goin privit,

Have you ever felt like you really didn’t like the person who gave you some bad news? It wasn’t even their fault – all they did is tell you about it. Still, you couldn’t help but hate them for it, even if you logically knew it wasn’t right. Well, it turns out you are not alone in this failing – wanting to “shoot the messenger” is a widespread psychological reality for many humans. It’s just how we are wired, says a new paper published in the Journal of Experimental Psychology.

As we speak, the Eroton office in Victoria Island, Lagos has been sealed by the Federal Inland Revenue Service over non-remittance of taxes to the government running into tens of millions of dollars. Eroton is currently bogged down by numerous court actions including winding up litigations against the company by several parties, not to mention allegations of fraud and gross financial mismanagement. It is in the best interest of the nation that the asset has been taken over by NNPCL to facilitate the seamless restoration of operations on OML 18,” the source stated.

this why ther no bargin. this why there no oil in eli asko ship.

Although there had been issues with the NCTL pipeline, Eroton is said to owe both Shell and Aiteo over $80m in outstanding levies and all the barge operators it had hired to evacuate the crude.