Mubadala Petroleum has completed its exploration drilling campaign at the G1/48 Manora oil field located in the Northern Gulf of Thailand with disappointing results. Source link Related posts: Report: Petronas targeting 1Q 2020 for 2nd FLNG unit start-up Oxy in swoop for Anadarko. Says its […]
Captioning the photo, 2Baba wrote:
From the figures shared recently, COSON has lost about N250m to the crisis that erupted with the December 7, 2017 sacking of Chief Tony Okoroji as chairman.
The society collected N200m less than the sum of the previous year and spent over N50m on lawsuits and office security within the year.
Simple compliance with the NCC’s directives or submission to the wide call for independent audit to prove the innocence of the directors against allegations of financial misconduct may have saved COSON at least, N230m, that’s assuming the audit cost N20m.
To worsen issues, the license don kuku expire sef making it criminal for COSON to demand and collect royalties on behalf of members.
Then today we see this: “With respect to the COSON mandate to carry on its operations … COSON has been assured by its team of lawyers that with the various issues still awaiting determination at various courts and with the recent decisions of the Supreme Court of Nigeria, no one has the power to unilaterally stop the operations of COSON.” “Lawyers”, “various issues”, “various courts”…because of simple forensic audit.
Musician work, lawyer and police chop everything finish. My people, no be one chance we don entero? If you ask me, na who I go ask?
The post 2Baba, Omawumi call out COSON Management over Alleged Corruption appeared first on .