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Nairaland Forum / Nairaland / General / Politics / Another P&ID Corruption In The Making: Brass Fertilizer And Petrochemical Compa (139 Views)
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Another P&ID Corruption In The Making: Brass Fertilizer And Petrochemical Compa by sulaak(m): 12:50pm On Dec 16, 2023 |
I recently came across this company when researching the Petrochemical industry in Nigeria- Brass Fertilizer and Petrochemical Company. I wasn't aware of the company, and, on further investigation, I was astonished that it had a delivery date of 2024. I then loaded the company website to analyse the structure of the board of directors and management team. https://www.brassfertilizer.com/, but the board of directors and management team had no names, which set off an immediate red flag. There is no evidence that the entity has the resources or competency to deliver a petrol station, let alone a multi-billion dollar petrochemical plant; the fact that the company has got both state and federal government support and an NNPC stakeholder guarantee of natural gas to be delivered over the life of the Project, is further evidence that this is another P&ID fraud or Ajaokuta fraud by corrupt international and local players. The website had the following government agreements. Statutory C of O (Land Lease Approval) Stakeholder in Gas Feedstock JV I then did further searches and found the BRASS FERTILIZER & PETROCHEMICAL COMPANY (UK) LIMITED (Company number 11051274) and owned by an Indian, Mr Sanjay Patel, Nature of control: Ownership of shares – More than 50% but less than 75% Ownership of voting rights - More than 50% but less than 75% Right to appoint and remove directors. The company has been struck off in the UK due to non-compliance with UK regulations and has relocated to a Nigeria address. BRASS FERTILIZER & PETROCHEMICAL COMPANY LIMITED, 112B Olabode George Street, Victoria Island Annex, Lagos, Nigeria. Registration No: 852494. There is no evidence that the entity has the resources or competency to deliver a petrol station, let alone a multi-billion dollar petrochemical plant; the fact that the company has got both state and federal government support and an NNPC stakeholder guarantee of natural gas to be delivered over the life of the Project, is further evidence that this is another P&ID fraud or Ajaokuta fraud by corrupt international and local players. 2 Likes 1 Share |
Re: Another P&ID Corruption In The Making: Brass Fertilizer And Petrochemical Compa by budaatum: 1:44pm On Dec 16, 2023 |
Please continue to update this please so we can be in the light. |
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