Connect with us

Society

A Tale of Two Oil Chiefs, Ronke Sokefun and Austin Avuru

Published

on

Both have, no doubt, paid their dues in the oil and gas industry. When the story of Nigeria’s cash cow industry eventually gets written, both names will definitely be mentioned. Unfortunately this is where the similarity ends. One would have expected that having given their time, resources and expertise in building the two organisations where they both plied their trade, recognition and reward for their efforts would be inevitable. While that has been the case with one, it hasn’t quite been the case with the other. In an apparent end of the year gesture, Ronke Sokefun returned to OANDO Plc, many years after she left, as a non executive director. But Austin Avuru on the other hand earned himself a sack, as a non executive director of the board of SEPLAT, a company he co-founded and served as the pioneer CEO.

For a man, who is regarded as a thorough professional in the industry, this isn’t quite the kind of ending the highly cerebral Avuru envisaged for himself, certainly not from a company he gave his blood, sweat and took public in a historic dual listing on the London and Nigerian Stock Exchanges. Seplat is the only African exploration and production company to be listed on the main board of the London Stock Exchange.

The reason for Avuru’s sack, which he has described as mischievous with a calculated attempt to malign his reputation, is what they purportedly claim to be a breach of the company’s corporate governance policies and his fiduciary duties. Although Avuru through his lawyers have advised the public to disregard the sack, one cannot deny the the alleged obvious link between his sack and the scandals that have been rocking SEPLAT these past few months.

The company’s reputation has taken quite some damage as a result of the board chairman, Dr ABC Orjiakor’s indiscretions. Orjiakor is indebted to the tune of $78 million dollars via his Sheba Petroleum Development Company Limited. This prompted some Nigerian banks to drag him to court and some of his business partners warned to give SEPLAT a wide berth. A French independent non-executive director of SEPLAT resigned his position as a result of this. Although he claimed to have resigned for personal reasons.

With Orjiakor forced to resign his position as chairman, following the embarrassment, coupled with Avuru’s sack, there is no denying that this may just be an alleged purge to rid SEPLAT of the last vestiges of the duo that have come to symbolise SEPLAT.

What a way to get rid of a thoroughbred professional and vocal advocate of indigenous participation in the exploration and production sectors of the Nigerian oil industry. In fact, Avuru has in the past, come close to being appointed as the Group Managing Director of the NNPC, specifically during the tenure of the late President Umaru Yar’adua. With a career spanning over 30 decades, Avuru’s career traverses NNPC as a youth corps member, Allied Energy (Nig.) Limited as the Exploration Coordinator, SEPLAT petroleum which he co founded with Orjiakor, among several others. In 2020, he stepped down as both co-founder and pioneer Managing Director of SEPLAT. Today, Delta State-born Avuru spends his time running Platform Petroleum Ltd, a company he founded in 2003 and later teamed up with Orjiakor to create SEPLAT.

Ronke, on the other hand, is a trained lawyer who joined OANDO in 2002 after a legal career that spanned 12 years with both Ighodalo and Associates, a company secretarial firm and the prestigious firm of Aluko and Oyebode where she left as a partner. While in Oando, Ronke rose through the ranks to become the Chief Legal Officer. In 2011, she left for public service in Ogun State and proceeded to serve as a commissioner under Senator Ibikunie Amosun’s two-term administration as governor. In January 2019, she was appointed Chairman of the Board of Directors of the Nigeria Deposit Insurance Corporation where she still serves till date. A mother of one, Ronke used to be married to Gbenga Sokefun, the older brother to celebrity photographer, TY Bello. The marriage allegedly ended after Gbenga fell on bad times. Gbenga has however, now regained his groove.

The Will.

Society

How Four-Year-Old Boy Died During Feeding In Former Presidential Aide, Senator Joy Emodi’s Abuja School

Published

on

By

A four-year-old pupil, identified as Miguel Ovoke, has reportedly died at BrickHall School in Abuja during feeding hours.

We learnt that the school located at Cadastral Zone B11, Kaura in Abuja, is owned by Senator Joy Emodi, who was a member of the 5th and 6th Senate before serving as Special Adviser to President Goodluck Jonathan on National Assembly Matters.

She is the founder and Chairman of the school, we learnt.

During her time in the Senate, she was appointed Chairman of the Senate Committee on Education.

It was learnt that Ovoke who died on Wednesday.

According to the death certificate of the pupil dated April 24, 2024, issued by Excel Specialist Hospital, Abuja, which was sighted by The PUNCH, Ovoke was brought to the hospital by his teachers around 11 am in an unconscious state.

The medical report, signed by Dr. Akinwande Ajayi, on behalf of the medical director, indicated that he was brought in, “on account of aspiration on meat while feeding at school.”

Upon examination, the medical team found that the boy’s pupils were fixed and dilated, with a nonreactive response to light.

His peripheral pulses were said to be “impalpable, blood pressure was unrecordable, and there was no cardiopulmonary activity or respiratory excursions, silent chest.”

Efforts made by the hospital to resuscitate him failed.

When contacted, Josephine Adeh, the FCT Police Command Public Relations Officer told SaharaReporters that she had not been briefed about the incident.

“I have not been briefed about the incident, I will get back to you when I have anything on the matter,” she said.

Sahara Reporters!

 

Continue Reading

Society

An Icon of Service: NATCOM boss, Otunba Adejare Adegbenro’s Leadership Legacy

Published

on

By

 

In the intricate mosaic of Nigeria’s societal fabric, Otunba Adejare Adegbenro stands as a beacon of commitment, resilience, and service.

 

Born on March 6th, 1973, in Lagos, he draws from a lineage steeped in political legacy, being the grandson of the late Premier of Western Region, Alhaji Daudu Sooroye Adegbenro. Raised in a family that values service to the community, Otunba Adegbenro has carved his path as a distinguished figure in Nigerian society.

 

The culmination of his familial heritage and dedication to community service was marked by his installation as the first Otunba Laje of Owu Kingdom in Ogun State, Southwest Nigeria.

 

This historic event, which took place on January 20th, 2018, under the auspices of His Royal Majesty Oba Olusanya Dosunmu II, traditional ruler of Owu kingdom, reinforced Otunba Adegbenro’s deep-rooted ties to his cultural heritage and commitment to uplifting his people.

 

Beyond his traditional titles, his influence extends globally, with his appointment as High Commissioner by the International Human Rights Commission (IHRC), where he spearheads foreign special missions aimed at preventing illegal migration and human trafficking. This appointment is a testament of his reputation as a renowned security expert and industrialist, whose expertise transcends national borders.

 

In his role as the acting Director-General of the National Commission against the Proliferation of Arms, Light Weapons, and Pipeline Vandalism (NATCOM), Otunba Adegbenro has demonstrated a steadfast commitment to combating threats to national security. His vast experience in security consultancy and supply of security gadgets has positioned him as a pivotal figure in Nigeria’s security landscape.

 

However, Otunba Laje of Owu Kingdom’s contributions extend beyond the realm of security.

 

Through his foundation, the Otunba Adejare Adegbenro Foundation (OAAF), he channels his resources towards uplifting the less privileged in society. With initiatives ranging from the provision of boreholes to communities lacking access to clean water, to scholarships for deserving students, he exemplifies the spirit of philanthropy and communal solidarity.

 

Reflecting on his journey, Otunba Adegbenro once acknowledged the challenges he has faced, from navigating the complexities of entrepreneurship to confronting societal stereotypes.

 

Yet, through it all, he remains resolute in his commitment to service and upliftment. His philosophy, rooted in faith and compassion, drives him to make a tangible difference in the lives of others, regardless of obstacles encountered along the way.

 

Otunba Adejare Adegbenro stands as a testament to the power of leadership, resilience, and unwavering dedication to the common good. In him, Nigerians find not only a visionary leader but a compassionate steward of progress, whose impact reverberates far beyond the shores of his homeland.

Continue Reading

Society

Real Reasons WPG, Parent Company Of Eko Electricity Distribution Company, EKEDC, Sacks Ex-MD/CEO, Tinuade Sanda With Immediate Effect

Published

on

By

West Power & Gas Limited, the parent company of Eko Electricity Distribution Plc (EKEDP) has sacked the immediate former MD/CEO of the electricity distribution company, Ms Tinuade Sanda.

Sanda’s appointment with WPG Ltd was terminated in a letter signed by the company chairman, Charles Momoh and dated April 17, 2024.

The letter titled, ‘Termination Of Contract Of Employment,’ said Ms Sanda’s termination of employment takes effect from the date on the letter.

It reads, “We refer to your contract of employment dated April 1, 2022, signed between you and WPG Limited [the “Contract”].

“We hereby advise you that your services are no longer required and accordingly your employment with WPG Ltd is hereby terminated effective April 17, 2024, in accordance with clause 10.2 of the Contract.

“WPG Ltd is obligated to pay you three months salary in lieu of notice and hereby advise you that the due amounts have been credited to your account.

“You are requested to kindly return all company’s properties (whether WPG or EKEDP) in your possession which will include but not limited to laptops, identity card, and status car upon your receipt of this letter.”

“We wish you all the best in your future endeavours,” it added.

On March 26, Society Reporters reported that Ms Sanda had been suspended by EKEDP and directed to return to WPG, from where she had been seconded to the electricity company.

The suspension was in line with a directive of the Nigerian Electricity Regulatory Commission (NERC) to the EKEDP board to suspend with immediate effect all the workers of WPG Limited working with the company.

WPG is a limited liability company incorporated under the laws of the Federal Republic of Nigeria, which has a stake in EKEDP. The consortium of local businesses acquired a 60% stake and controlling interest in EKEDP (Eko Disco).

We gathered that the directive might be connected with the recent petition by some concerned staff members of EKEDP to the Vice President, Senator Kashim Shettima; Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Economic and Financial Crimes Commission (EFCC) for intervention in the alleged endemic corruption in the management of the electricity distribution firm.

Although the company had dismissed the allegation, describing it as unfounded, the accusers continued to push for external investigation.

Society Reporters reported on March 18, that the Board of Directors and Management of the electricity distribution company had cleared all the staff members accused of corruption and other fraudulent practices.

The Board in a statement signed by its Chairman, Dere Otubu, titled “Eko Disco Management Cleared In ‘Ghost Worker’ Investigation,” said that the investigation into the ‘ghost workers’ allegations had been concluded and findings indicated that the allegations of fraud, negligence, or conspiracy against some members of staff were unfounded.

However, in compliance with the directive of NERC, the Board Chairman, Otubu, directed Ms Sanda to leave her position as MD/CEO of EKEDP, as she was also seconded from WPG.

But reacting to the report, Director and Chairman, Legal and Regulatory Committee, Mr. Babor Egeregor, faulted the Board Chairman’s letter suspending the MD/CEO and others on secondment, insisting that Ms Sanda remained the CEO of EKEDP.

Indeed, we learnt that following the directive, the MD/CEO, Chief Legal Officer, Chief Finance Officer, Chief Human Resources Officer, Chief Auditor and Compliance Officer and others on secondment at the company handed over their handover notes to their subordinates as directed.

A copy of the letter addressed to the MD/CEO signed by the board chairman, dated March 25, 2024 and obtained by us, is titled: ‘Implementation Of NERC Directive On Seconded Staff.’

The letter read, “We have received a NERC directive dated March 21, 2024, which instructed Eko Electricity Distribution Plc inter alia, as follows: ‘EKEDC is hereby directed to ensure that all staff working for the utility are employed by the utility directly, bound by applicable service conditions that are applicable to the employees of the utility and paid through the utilities payroll.’

“The Disco is obligated to obey these directives due to the powers of NERC as stipulated in the Electricity Act 2023. In compliance with the above directive, all seconded staff from WPG Ltd are being released by Eko Electricity Distribution Plc and returned to WPG Ltd.

“You are hereby relieved of your role, office, and position at Eko Electricity Distribution Plc effective immediately and returned to WPG Ltd your Employer.

“You are further directed to hand over to the highest ranking staff of Eko Electricity Distribution Plc under you.

“We hereby record our appreciation of your valuable services and contribution to the growth and successes achieved by Eko Electricity Distribution Plc over the years as a seconded staff from WPG.”

A source told this platform that those affected were discovered to have been operating with a ‘double standard’ on the job.

The Director of IT department, JP Attueyi, a WPG staff member also seconded to EKEDC, swiftly handed over to the most senior person in his department.

In his handover note, addressed to the IT Department and Temitope Odufuwa, dated March 25, Attueyi said it was in compliance with the directive of the chairman.

It partly read: “As you may be aware, I am a WPG staff seconded to EKEDC – WPG owns EKEDC. Today I got an email from the EKEDC Chairman saying that all WPG staff have been recalled back to the parent company effective immediately. As such, I will be handing over to Tope to run the IT department.”

“Please give him the necessary support as we navigate this period,” he wrote.

 

Continue Reading

Trending