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Nairaland Forum / Nairaland / General / Business / SEPLAT Contravenes Local Content Policy With Foreign MD (10931 Views)
Seplat To Deliver 13 New Oil & Gas Wells In 2024 / Seplat Petroleum Plc Restricts Trading Of Its Shares On Nigerian Stock Market / NNPC Signs Agreement With Shell, Seplat, Oando, Others To Implement $3.7bn Gas (2) (3) (4)
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by moststylish(m): 4:04pm On Nov 28, 2019 |
So he being the chief financial officer/Director is not enough to protect foreign interest,he must be the managing director. Some people mumu here sha |
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by kunlef1: 5:45pm On Nov 28, 2019 |
Most of the recent expansion by Seplat are funded by foreign investors, hence may be one of the conditions to provide the loans. Seplat is also listed on both Nigerian and London Stock Exchanges, hence the management system needs to meet and maintain international standards. As at the time Avuru took charge, this was not the case. It may also be better for Seplat to have an "international" face to enable it expand to new frontiers outside Nigeria. 1 Like |
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by SarkinYarki: 5:58pm On Nov 28, 2019 |
ornicus: Nigerians can steal for Africa sha |
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by Miky91: 6:50pm On Nov 28, 2019 |
Local content oil and gas companies enslaves worker. They owe salaries also with poor welfare of staff is like a norm. Leave seplat is miles ahead of most local content company in Nigeria. |
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by mapet: 7:21pm On Nov 28, 2019 |
obi4eze: Nothing you've put up here has anything concerning the topic |
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by mapet: 7:26pm On Nov 28, 2019 |
Irore:Tabithatim: : Aside from Avuru/A.B.C Orjiokor investment vehicle, this CFO represent the French/British SPV that holds a substantial portion of the investment in SEPLAT. It will be difficult to spin a local content narrative in this. These guys are part owners of SEPLAT. It only makes sense to that MD-ship is rotated amongst the principal investors. |
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by lonelydora: 8:14pm On Nov 28, 2019 |
Donkenny511: Nigerians are wicked. They will embezzle until the company folds. 2 Likes |
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by shiwex: 8:25pm On Nov 28, 2019 |
Coldie:oh yes they are but how many of them head corporate organisations in uk or ftse 100? The point is you are not given the chance over here but its so easy for a white guy to be put in charge of our corporations in Nigeria even when we have Nigerians with a better track record. |
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by gnykelly(m): 9:09pm On Nov 28, 2019 |
Coldie:you mean driving cab and doing security guard is a job |
Re: SEPLAT Contravenes Local Content Policy With Foreign MD by holocron: 11:56pm On Nov 28, 2019 |
SoNature: Rubbish. You don't need quota system in industry. Let the best talent ascend to the top. Others are to learn from the best and improve. 1 Like |
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