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SEPLAT Contravenes Local Content Policy With Foreign MD by Tabithatim: 1:58pm On Nov 28, 2019
The plan by the management of Seplat Petroleum Development Company to replace the outgoing Managing Director/Chief Executive Officer, Austin Avuru, with a Briton negates Section 30-36 of the Nigerian Oil and Gas Industry Content Development Act and defeats the country’s Local Content (LC) policy.

Avuru, the pioneer MD/CEO of Seplat, is set to retire in July 2020 after leading the oil firm for 10 years. Following the development is a corporate disclosure at the Nigerian Stock Exchange (NSE) that Roger Brown, the firm’s Chief Financial Officer/Executive Director and a Briton, will succeed Avuru next year.

According to public affairs analyst, Aimhie Odin, considering his leadership at Seplat, Avuru, with over 38 years’ experience in the oil and gas sector, has done more for the sector as a Nigerian, which suggests that there are more Nigerians in the sector and company to continue from where he stops.

He said the NCDMB Act made it clear that “at the point where no Nigerian is fit to lead in the position for lack of training, the board should ensure effort is made with reasonable time for a Nigerian to be trained.” Odin noted that SEPLAT came into existence in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited, specifically pursue upstream oil and gas opportunities in Nigeria, and in particular divestment opportunities arising out of the incumbent Major IOC’s portfolios.

Having Avuru lead Seplat over the years has demonstrated a strong commitment to developing local content. He said Seplat had the potential to support further local capacity expansion projects with the forthcoming Assa North-Ohaji South Project (ANOH), one of the largest greenfield gas condensate development projects being undertaken in Nigeria.

It involves the development of the Ohaji South gas and condensate field located within the licence block OML 53 and the Assa North field in license block OML 21. The project has significant gas supply for the local grid. The phase one development of ANOH midstream is expected to cost $700 million, of which the JV of Seplat and NGC will fund $420 million.

According to him, Seplat is also strategically positioned to provide a sustainable solution for the LPG shortages in the company. These represent strategic economic security projects, which cannot be entrusted to foreigners with no long term view.“Having a foreigner taking over from an indigene tend to is a set back of the growth of real income per capita and job creation in Nigeria which give the opportunity to reverse the population decrease trend.

“Amidst some pitfalls and risks accompanying the appointment of Brown, the transition if allowed to stand is significantly a set back for the gains of the local content program and rubbish all the progress maxed over the past five years.

“The LC policy since its establishment has played a key role in the advancement of the Nigerian Oil and Gas Industry, giving first consideration to Nigerian independent operators, creating a platform for the Nigerian firms to contribute immensely towards the growth of the Nigerian economy. The move in Seplat, giving out direct opportunities for employment to foreign nationals, shows a neglect of developing local skills and use of local manpower. The move provides a framework to support the expatriation of revenues that would otherwise have powered the Nigerian economy,” he stated.

https://guardian.ng/news/seplat-contravenes-local-content-policy-with-foreign-md/

2 Shares

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Cutefergieee: 2:06pm On Nov 28, 2019
I dedicate this FTC to all of us genuine hustlers out there.. More wins in the remaining part of this year and Greatness into the new year..

We go dey ok las las

Gbe your body

3 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Donkenny511(m): 2:06pm On Nov 28, 2019
Top firms own by Nigerians must always have all this oyinbos at the top

Why?

1 Like

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by obi4eze(m): 2:06pm On Nov 28, 2019
angry
Wetin Mompha no go see for prison?

Concerning the topic, is there still constitution in this country? Are the laws still being adhered to? I don't think so because I see Presidents Mamman Daura and Abba Kyari break it always with reckless abandon. The courts and legislature are in their pockets so what else?

6 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Coldie(m): 2:06pm On Nov 28, 2019
All these things are not necessary.

Which one is local content act are Nigerian's not working in the UK?

3 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by RulerIAm(m): 2:07pm On Nov 28, 2019
Ftc to me.
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by SoNature(m): 2:07pm On Nov 28, 2019
Coldie:
All these things are not necessary.

Which one is local content act are Nigerian's not working in the UK?

Local content law enables us to develop our local talents.

If we don't implement such laws to the letter, Nigerian engineers won't grow

12 Likes 1 Share

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by BlackfireX: 2:08pm On Nov 28, 2019
Leave them alone

1 Like

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by ednut1(m): 2:09pm On Nov 28, 2019
Coldie:
All these things are not necessary.

Which one is local content act are Nigerian's not working in the UK?
institutional racism wont allow them get certain roles cheesy. we have local content laws here. check am lol

4 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by NOL2dworld(m): 2:11pm On Nov 28, 2019
Local content law..

These are the news that should see the light of day.

1 Like

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by MrMicholo(m): 2:11pm On Nov 28, 2019
Wow.. There is such a law in Nigeria?? Quite surprising.
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by chrisxxx(m): 2:14pm On Nov 28, 2019
I have seen.
what I have seen.
Nigerians working under a white boss would go to churches, mosques and shrines seeking for miracles of love from their white boss.
Make a black man their boss.
They go back to churches, mosques and even shrines seeking on how to get their black boss killed.
They do everything to impress their white boss
They do everything to harm their black boss.
This is why many top businesses here would prefer a white boss in order to have harmony in the workplace with less voodoo and death rate.

10 Likes 1 Share

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by DavIkenna(m): 2:15pm On Nov 28, 2019
Ok
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Nobody: 2:16pm On Nov 28, 2019
Donkenny511:
Top firms own by Nigerians must always have all this oyinbos at the top

Why?

Because Nigerians have no qualms looting the companies into bankruptcy.

Our local talents excel in unbridled looting

Option b na oyibo cfo.

The staff is leaking this because they know what is coming next. DOWNSIZING / DE LAYERING.

10 Likes 1 Share

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by shiki(m): 2:17pm On Nov 28, 2019
RulerIAm:
Ftc to me.
shocked
RulerIAm:
Ftc to me.
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Irore: 2:17pm On Nov 28, 2019
Tabithatim:
The plan by the management of Seplat Petroleum Development Company to replace the outgoing Managing Director/Chief Executive Officer, Austin Avuru, with a Briton negates Section 30-36 of the Nigerian Oil and Gas Industry Content Development Act and defeats the country’s Local Content (LC) policy.

Avuru, the pioneer MD/CEO of Seplat, is set to retire in July 2020 after leading the oil firm for 10 years. Following the development is a corporate disclosure at the Nigerian Stock Exchange (NSE) that Roger Brown, the firm’s Chief Financial Officer/Executive Director and a Briton, will succeed Avuru next year.

According to public affairs analyst, Aimhie Odin, considering his leadership at Seplat, Avuru, with over 38 years’ experience in the oil and gas sector, has done more for the sector as a Nigerian, which suggests that there are more Nigerians in the sector and company to continue from where he stops.

He said the NCDMB Act made it clear that “at the point where no Nigerian is fit to lead in the position for lack of training, the board should ensure effort is made with reasonable time for a Nigerian to be trained.” Odin noted that SEPLAT came into existence in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited, specifically pursue upstream oil and gas opportunities in Nigeria, and in particular divestment opportunities arising out of the incumbent Major IOC’s portfolios.

Having Avuru lead Seplat over the years has demonstrated a strong commitment to developing local content. He said Seplat had the potential to support further local capacity expansion projects with the forthcoming Assa North-Ohaji South Project (ANOH), one of the largest greenfield gas condensate development projects being undertaken in Nigeria.

It involves the development of the Ohaji South gas and condensate field located within the licence block OML 53 and the Assa North field in license block OML 21. The project has significant gas supply for the local grid. The phase one development of ANOH midstream is expected to cost $700 million, of which the JV of Seplat and NGC will fund $420 million.

According to him, Seplat is also strategically positioned to provide a sustainable solution for the LPG shortages in the company. These represent strategic economic security projects, which cannot be entrusted to foreigners with no long term view.“Having a foreigner taking over from an indigene tend to is a set back of the growth of real income per capita and job creation in Nigeria which give the opportunity to reverse the population decrease trend.

“Amidst some pitfalls and risks accompanying the appointment of Brown, the transition if allowed to stand is significantly a set back for the gains of the local content program and rubbish all the progress maxed over the past five years.

“The LC policy since its establishment has played a key role in the advancement of the Nigerian Oil and Gas Industry, giving first consideration to Nigerian independent operators, creating a platform for the Nigerian firms to contribute immensely towards the growth of the Nigerian economy. The move in Seplat, giving out direct opportunities for employment to foreign nationals, shows a neglect of developing local skills and use of local manpower. The move provides a framework to support the expatriation of revenues that would otherwise have powered the Nigerian economy,” he stated.

https://guardian.ng/news/seplat-contravenes-local-content-policy-with-foreign-md/

The LC policy that brought so many indigenous companies that owe workers salary to no end. I know Seplat is not one of them though. Please let the man be abeg.

5 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by wink2015: 2:18pm On Nov 28, 2019
Tabithatim:
The plan by the management of Seplat Petroleum Development Company to replace the outgoing Managing Director/Chief Executive Officer, Austin Avuru, with a Briton negates Section 30-36 of the Nigerian Oil and Gas Industry Content Development Act and defeats the country’s Local Content (LC) policy.

Avuru, the pioneer MD/CEO of Seplat, is set to retire in July 2020 after leading the oil firm for 10 years. Following the development is a corporate disclosure at the Nigerian Stock Exchange (NSE) that Roger Brown, the firm’s Chief Financial Officer/Executive Director and a Briton, will succeed Avuru next year.

According to public affairs analyst, Aimhie Odin, considering his leadership at Seplat, Avuru, with over 38 years’ experience in the oil and gas sector, has done more for the sector as a Nigerian, which suggests that there are more Nigerians in the sector and company to continue from where he stops.

He said the NCDMB Act made it clear that “at the point where no Nigerian is fit to lead in the position for lack of training, the board should ensure effort is made with reasonable time for a Nigerian to be trained.” Odin noted that SEPLAT came into existence in June 2009 through the partnership of Shebah Petroleum Development Company Limited and Platform Petroleum Joint Ventures Limited, specifically pursue upstream oil and gas opportunities in Nigeria, and in particular divestment opportunities arising out of the incumbent Major IOC’s portfolios.

Having Avuru lead Seplat over the years has demonstrated a strong commitment to developing local content. He said Seplat had the potential to support further local capacity expansion projects with the forthcoming Assa North-Ohaji South Project (ANOH), one of the largest greenfield gas condensate development projects being undertaken in Nigeria.

It involves the development of the Ohaji South gas and condensate field located within the licence block OML 53 and the Assa North field in license block OML 21. The project has significant gas supply for the local grid. The phase one development of ANOH midstream is expected to cost $700 million, of which the JV of Seplat and NGC will fund $420 million.

According to him, Seplat is also strategically positioned to provide a sustainable solution for the LPG shortages in the company. These represent strategic economic security projects, which cannot be entrusted to foreigners with no long term view.“Having a foreigner taking over from an indigene tend to is a set back of the growth of real income per capita and job creation in Nigeria which give the opportunity to reverse the population decrease trend.

“Amidst some pitfalls and risks accompanying the appointment of Brown, the transition if allowed to stand is significantly a set back for the gains of the local content program and rubbish all the progress maxed over the past five years.

“The LC policy since its establishment has played a key role in the advancement of the Nigerian Oil and Gas Industry, giving first consideration to Nigerian independent operators, creating a platform for the Nigerian firms to contribute immensely towards the growth of the Nigerian economy. The move in Seplat, giving out direct opportunities for employment to foreign nationals, shows a neglect of developing local skills and use of local manpower. The move provides a framework to support the expatriation of revenues that would otherwise have powered the Nigerian economy,” he stated.

https://guardian.ng/news/seplat-contravenes-local-content-policy-with-foreign-md/

I still prefer the white men.

They are detribalised and they are forward looking.

A Nigerian man will pack all his church members and Islamic brothers whether they are qualify or not.

A Nigerian man do not want his fellow Nigerian to rise as soon as they get to the top level in the company.

This is not the philosopy of the white man.

WE DEY USE LOCAL CONTENT TAKE DEY DECEIVE THE GOVERNMENT.

OUR PEOPLE OWN DEY THEIR BODY.

WE KNOW THEM AND THEIR HABITS.

8 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Nobody: 2:22pm On Nov 28, 2019
Irore:


The LC policy that brought so many indigenous companies that owe workers salary to no end. I know Seplat is not one of them though. Please let the man be abeg.

You know how we do. Naija go take related party contractor destroy company

2 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Lynx001: 2:23pm On Nov 28, 2019
...Our obsession with oyibo sef. Na so one gov wan hire my guy 2 commision project cos im fair.
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Coolcash1: 2:28pm On Nov 28, 2019
This guy is just spewing rubbish. This is a case of he who plays the piper dictate the tune. The foreign MD is just to protect the interest of major investors in the company who are majorly foreigners. Aside Seplat, there is also Sterling oil who are majorly Indians in top and middle management and Nigerians are slaves to them in their organization. This useless guy didn’t shout about it.

Abeg naija don spoil joor. No be today women they wear mini skirt go market... second base joor

2 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Kinematics: 2:29pm On Nov 28, 2019
Donkenny511:
Top firms own by Nigerians must always have all this oyinbos at the top

Why?

Its either you are not in the oil and gas business or you are part of the local content thieves and greedy fellas.

Its better for foreigners to be at the management role than Nigerians. At least everybody will be treated fairly. Salaries will be meaningful.
Not the nonsense local content has brought to the oil and gas industry. In fact foreigners especially the Europeans and Americans should take over everything oil and gas in Nigeria.

7 Likes 1 Share

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Kinematics: 2:34pm On Nov 28, 2019
wink2015:


I still prefer the white men.

They are detribalised and they are forward looking.

A Nigerian man will pack all his church members and Islamic brothers whether they are qualify or not.

A Nigerian man do not want his fellow Nigerian to rise as soon as they get to the top level in the company.

This is not the philosopy of the white man.

WE DEY USE LOCAL CONTENT TAKE DEY DECEIVE THE GOVERNMENT.

OUR PEOPLE OWN DEY THEIR BODY.

WE KNOW THEM AND THEIR HABITS.


One of the most reasonable comments here. If you have worked in the oil and gas industry you'll prefer these foreigners aka expatriates to our Nigerians.

Tribal and greedy mofos want to manage a company all in the name of local content.

8 Likes 1 Share

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Legendguru: 3:20pm On Nov 28, 2019
ohhh
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by chinwezdasilva: 3:31pm On Nov 28, 2019
Donkenny511:
Top firms own by Nigerians must always have all this oyinbos at the top

Why?
Because we are too tribalistic
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Gerrard59(m): 3:33pm On Nov 28, 2019
From the responses here, it seems appointing Nigerians at the helms of affairs in most companies does more harm than good. Not surprised after all, Nigerian Breweries did same and even Friesland Campina did same. Apparently, it's better to appoint a Botswana or Kenyan national rather than a Nigerian.

On the other hand, foreign investors are the major shareholders in Seplat. Someone has to protect their interests.

4 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Inception(m): 3:35pm On Nov 28, 2019
Irore:


The LC policy that brought so many indigenous companies that owe workers salary to no end. I know Seplat is not one of them though. Please let the man be abeg.


i dey tell you!

The day a Nigerian heads my workplace is the day i dust my CV for a new job.

2 Likes

Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Emmymarvel(m): 3:43pm On Nov 28, 2019
Gerrard59:
From the responses here, it seems appointing Nigerians at the helms of affairs in most companies does more harm than good. Not surprised after all, Nigerian Breweries did same and even Friesland Campina did same. Apparently, it's better to appoint a Botswana or Kenyan national rather than a Nigerian.

On the other hand, foreign investors are the major shareholders in Seplat. Someone has to protect their interests.
you are wrong on this one
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Nobody: 3:43pm On Nov 28, 2019
Kinematics:


Its either you are not in the oil and gas business or you are part of the local content thieves and greedy fellas.

Its better for foreigners to be at the management role than Nigerians. At least everybody will be treated fairly. Salaries will be meaningful.
Not the nonsense local content has brought to the oil and gas industry. In fact foreigners especially the Europeans and Americans should take over everything oil and gas in Nigeria.

Discretionary bonus.if you know you know
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Nobody: 3:51pm On Nov 28, 2019
Gerrard59:
From the responses here, it seems appointing Nigerians at the helms of affairs in most companies does more harm than good. Not surprised after all, Nigerian Breweries did same and even Friesland Campina did same. Apparently, it's better to appoint a Botswana or Kenyan national rather than a Nigerian.

On the other hand, foreign investors are the major shareholders in Seplat. Someone has to protect their interests.

Very few multinationals have naija ceos. Just do a quick Google search. We too dey thief or misbehave.look what happened to mtn. The got slapped with that fine. Like someone said then, to use printer going forward na approval from sa. And we can exploit staff. The Nigerian model business is the bank with everyone on contract and sacked atb24 hour notice with one month severance

1 Like

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