– The Intricate Dance of Comradeship for Profit, Between NNPCL and Sahara Energy Head Honchos
– An Act of Friendship or a Breach of Public Trust? The Debate Intensifies
In the convoluted web of Nigeria’s oil sector, where power and influence often intertwine with personal alliances, a recent move by NNPCL boss, Mele Kyari, has ignited a storm of controversy. The divestment of the federal government’s equity in OML 11 to Tope Sonubi, the head honcho of Sahara Energy Ltd., has been labelled by some as an act of gross misconduct. Yet, those close to Kyari see it as a testament to unwavering loyalty and friendship.
As the whispers of mischief makers swirl through the corridors of power, it remains an open secret that Kyari, through the NNPC E&P Limited (NEPL), orchestrated this significant divestment not out of corruption perhaps, but out of a heartfelt gesture to protect and advance the interests of his close friend and business partner, Tope Sonubi. This tale of loyalty and controversy unveils a complex narrative that delves deep into the heart of Nigeria’s oil politics. …CONTINUE READING
●Tope Sonubi
●Tope Sonubi with ex-President Buhari
A Gesture of Loyalty: The Heart Behind the Divestment
In a realm where alliances often bear the weight of economic fortunes, Mele Kyari stands as a figure who never shies from protecting and advancing the interests of his good friends, business partners, and loyalists. The recent divestment of OML 11 to Sahara Energy Ltd. is seen by his supporters as a poignant act of loyalty. Kyari’s bond with Sonubi is not merely one of business; it is a camaraderie forged in the crucible of shared ambitions and mutual trust.
The NEPL, formerly known as the National Petroleum Development Commission (NPDC), is a wholly-owned subsidiary of the NNPCL, renowned for its pivotal role in the exploration and production of oil and gas resources. Kyari’s decision to divest the government’s stake in OML 11 to Sonubi’s firm was executed with the hope that this strategic move would enhance the efficiency of crude oil production and distribution in Nigeria.
Allegations of Misconduct
However, not all view Kyari’s actions through the lens of benevolence. Rumours have circulated that in executing this divestment, Kyari did not hesitate to remove any obstacles in his path, including the dismissal of NEPL Managing Directors who resisted the scheme. It is said that Ali Zarah, a former Managing Director, faced such a fate last year for opposing the divestment. Rumour has it that the new leadership at NEPL was swayed through financial incentives, leading to what some allege was an illicit sale of the nation’s equity to Sahara Energy Group.
Yet, sources close to Kyari staunchly defend his actions, asserting that there was nothing corrupt or shady about the divestment. They argue that the allegations are merely the work of those seeking to tarnish Kyari’s hard-earned reputation.
The Rebuttal: A Defense of Integrity
Kyari’s apologists are swift to dismiss the notion that the divestment of OML 11 was a betrayal of the Nigerian people. Instead, they argue that his actions were in the best interest of the country, ensuring that the equity would be managed by capable hands. They contend that President Bola Tinubu’s government should recognize and compensate Kyari for his sterling stewardship as NNPCL boss rather than penalize him.
The True Import: A Vote for Friendship or Misconduct?
To truly grasp the implications of Mele Kyari’s divestment of OML 11, one must delve beyond the surface of loyalty and explore the profound impact on due process and public governance. Tope Sonubi, now running the operations, wields significant influence over the management and board of directors at NEPL. Insiders at NEPL allege that his sway over the public corporation is both pervasive and troubling.
These insiders suggest that the federal government must scrutinize Sonubi’s activities with NNPCL and NEPL’s senior directors. They argue that this divestment not only raises questions about transparency but also casts a shadow over the integrity of Nigeria’s oil sector governance. According to these sources, the immediate past Managing Director of the NPDC should be invited for questioning to shed light on the extent of Sonubi’s influence and the circumstances surrounding this controversial divestment.
For ordinary Nigerians, the situation underscores a disheartening reality. The nation’s wealth, represented by its oil reserves, appears to be controlled by a select few, leaving the public out of critical decisions. This episode highlights the urgent need for accountability and transparency in managing national assets, ensuring they serve the collective good rather than personal interests.
A Tale of Two Realities: The Power of Perception
Kyari’s gesture to Sonubi can be seen through two contrasting lenses. For some, it is a tale of friendship and loyalty, where a leader uses his influence to support a trusted ally. For others, it is a stark reminder of the pervasive issues of favouritism and corruption that plague the Nigerian oil sector.
The Negative Ramifications: Integrity and Public Trust
The ramifications of this divestment extend far beyond the oil fields. They touch upon the very essence of public governance and integrity. When leaders prioritize personal relationships over due process, it erodes public trust and sets a dangerous precedent. It tells the ordinary Nigerian that their collective assets can be bartered away without their consent, leading to disillusionment and disenfranchisement.
Future of Nigerian Oil
As the dust settles on this contentious divestment, it becomes clear that there is a need for greater accountability and transparency in the management of Nigeria’s oil resources. The friendship between Kyari and Sonubi should not cloud the importance of adhering to principles of good governance.
The story of Mele Kyari’s divestment of OML 11 to Tope Sonubi is a multifaceted narrative, rich with themes of loyalty, controversy, and the complex interplay of personal and public interests. It serves as a poignant reminder of the need for integrity in public service and the importance of safeguarding national assets for the collective good. As Nigeria navigates its path forward, the lessons from this episode will undoubtedly shape the future of its oil industry and governance.
Source : thecapital.ng
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