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Group raises alarm over activities of expatriates in oil sector

A civil society group, Campaign Against Impunity (CAI) has raised an alarm over activities of a certain group of expatriates in the nation’s oil sector,  allegedly frustrating indigenous oil companies.

Speaking in Lagos, the Coordinator of  Campaign Against Impunity (CAI), Comrade Shina Loremikan, lamented that the crisis in Sea Truck Group and take-over of Jason fleets vessels if not promptly addressed by the government and relevant agencies could lead to mass job loss in the nation’s oil industry.

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He said the organisation decided to wade into the crisis, as a transparency group seeking adherence to rules and regulation, to draw the attention of the government and relevant agencies to brazen act of impunity that could send wrong signals to the rest of the world about the country.

Loremikan said: “Jacques Roomas, a Nigeria-Dutch citizen had started business in Nigeria with Roomas Insurance Brokers, an insurance business and subsequently floated a marine charter business in 1977, when he incorporated Sea Trucks Nigeria Limited, saying he grew the company and established West African Ventures (WAV) as the umbrella organisation for all his Nigerian business and took Nigerian citizenship.

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“Trouble started in the firm when he brought in some expatriates to oversee both STG and WAV businesses in the country and West Africa sub-region. The bubble burst when the company took a bond of $575 million and one of the expatriates, Frazer Moore, allegedly moved to wrest the control of the company from Jacques Roomas as its chief executive officer, adding that the move had since plunged the company into deep crisis and its subsequent brazen liquidation.

“We are alerting the Nigerian authorities, the Federal Government, the Nigerian National Petroleum Corporation (NNPC), its subsidiary, the National Petroleum Investment Management Service (NAPIMS), the Nigerian Content Development and Monitoring Board (NCDMB) and the National Office of Technology Acquisition and Promotion (NOTAP) of the grave consequences of the action,” he said.

He said as a transparency group seeking adherence to the rule of law and regulation in the Oil and Gas industry it demanded that NNPC, NAPIM as well as  multinational oil corporations carrying on business in Nigeria should desist from dealing with Telford Offshore and its Nigerian conspirators.

 


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