…Wabote Cautions Against Relapse In Local Content Drive
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
The 12th Practical Nigerian Content Forum 2023 got underway on Tuesday at the Nigerian Content Towers, Yenagoa, with the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote announcing that the agency has completed 83 percent of the 96 initiatives it started under the Nigerian Content 10-year Strategic Roadmap.
Chief Upstream Investment Officer (CUIO), NNPC Upstream Investment Management Services (NUIMS), Mr. Bala Wunti; Executive Secretary, Nigerian Content Development and Monitoring Board, Engr. Simbi Kesiye Wabote and Mrs Oluremi Abisoye, Representative of the Honourable Minister of State for Petroleum (Gas) during the VIP tour of exhibition at the ongoing Practical Nigerian Content Forum in Yenagoa on Tuesday
The strategic roadmap was launched at the end of the year 2017, with the goal of increasing Nigerian Content in the oil and gas industry to 70 percent by the year 2027. The roadmap is undergirded by five pillars and four enablers to drive the focus areas and are supported with short, medium, and long-term initiatives.
Presenting the scorecard of the NCDMB at the PNC which is attended by over 700 oil and gas stakeholders, the Executive Secretary indicated that the Board’s focus would shift to the remaining initiatives, which according to him required some heavy lifting to bring them to fruition.
He reported that Nigerian Content level in 2023 stood at 54 per cent, just like in 2022. The calculation is based on the Board’s monitoring and evaluation of industry activities.
According to him, “this performance is well above the minimum target of 47 percent Nigerian Content set for 2023 by the Board’s Project Management Office (PMO) just like we outperformed the 42 percent Nigerian Content target set for 2022 by achieving 54 percent Nigerian Content.”
He indicated that the top three performers of in-country spend are Shipping, Surveying/ Positioning services, and Inspection/ Testing and Certification with each at 100 percent NC level, while the bottom three performers are Modification and Maintenance at 26 percent NC level; Health, Safety and Environment at 31 percent NC level; and Materials and Procurement at 32 percent NC level.
He expressed concern that the stagnation of the Nigerian Content achievement at 54 percent raised questions on whether we had reached a point of stagnation or an inflection, leading to the decline in Nigerian Content level in the oil and gas industry.
The NCDMB boss, who was making his last PNC Keynote Address as the Executive Secretary of NCDMB reminded the top government functionaries and industry stakeholders that “getting the industry to this level of Nigerian Content is not a walk in the park,” and called on all stakeholders to “play their part to prevent the industry from rolling back to the dark days of implementing Nigerian Content as a token of consolation.
He cautioned that “The nexus between high Nigerian Content levels and the relative peace in the industry must not be lost on us,” noting that a “a lack of leadership backing at all levels opens the door for the practice to take the back seat.”
The Executive Secretary took the occasion to present what he termed “a reflection on the journey in the last seven and a half years of being in the saddle as the Executive Secretary.”
Citing data from the Board’s Nigerian Oil and Gas Industry Content Joint Qualification System (NOGIC-JQS), he said registered indigenous industry operators have increased from 53 in 2018 to 114 in 2023, while indigenous service companies increased from 8,000 to 11,000 within the same period. Also, individual registrations surged from 140,000 to almost 400,000.
Under one of five pillars of the Roadmap, namely, Technical Capability Development, are other major accomplishments, one of which is the increase in in-country fabrication capacity from 60,000 tons per year to 250,000 tons within the aforesaid period.
Engr. Wabote disclosed that eight industrial parks being developed by the Board to support manufacturing and assembly of equipment and input materials required in the industry are at various stages of execution.
He reported that the Nigerian Oil and Gas Park Scheme (NOGaPS) at Emeyal-1, in Bayelsa State, and a similar Park at Odukpani in Cross River State are due for commissioning in the first half of 2024.
In a goodwill message, the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, commended the NCDMB for its outstanding performance in local content implementation, and for the ongoing PNC Forum.
He assured the industry stakeholders that the Federal Government is committed to promoting cleaner, more sustainable practices within the energy sector, even as the country continues with hydrocarbon extraction.
The Minister of State for Petroleum Resources (Oil), Senator Lokpobiri was represented at the PNC by the Permanent Secretary in the Ministry, Ambassador Gabriel Aduda. He said Nigeria aligns with the global push for environmental stewardship and would explore all means of making production processes conform to cleaner technologies.
While drawing attention to the theme of the Forum, “Deepening Nigerian Content Amidst Divestments, Domestication and Decarbonisation,” the Minister called on stakeholders to “embrace the challenges that have been posed by divestment to actively promote domestication and steadfastly pursue the path of Decarbonization.”
The Bayelsa State Governor, Senator Douye Diri, who was represented by the Secretary to the State Government, Alabo Gideon Ekeuwei, lauded the NCDMB and its Management for extraordinary successes and charged participants to explore avenues for collaboration, joint ventures, and partnerships that will help Nigeria to fully harness Nigerian Content potentialities.
Chukwu Keynote, Other Speakers For SUPERNEWS AI Confab ’25
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
The Managing Director/CEO, Cowry Asset Management Limited, Mr Johnson Chukwu is the keynote speaker at the Forthcoming SUPERNEWS Nigeria Artificial Intelligence (AI) Confab 2025, holding on Thursday, June 19th 2025 at Oriental Hotel, 3 Lekki Road Victoria Island Lagos at 10am.
Chukwu will be speaking on the theme, Power of AI: Enhancing Efficiency And Customer Satisfaction For Better Financial Services Experience.
Other renowned experts lined up for the event include the Founder/CEO, ZER Consultating Africa, Mrs Adeolu Adewumi-Zer, the Fmr. Managing Director, Hilal Takaful Insurance Limited, Mrs Thaibat Adeniran, the National President, Bank Customers Association of Nigeria (BCAN) Dr Uju Ogubunka and the Head Financial Institutions Ratings, Augusto & Co, Mr Ayokunle Olubunmi.
According to the Convener of the conference, the Publisher of SUPERNEWS Nigeria, Ngozi Onyeakusi, the choice of Johnson Chukwu as the keynote speaker is a reflection of his extensive professional background, diverse expertise and profound knowledge of the financial services sector and economy.
Mr. Johnson Chukwu is the chairman and founder, Cowry Assets Management Ltd, prior to the establishment of Cowry Asset Management Limited, he has been actively involved in the Nigerian capital market and was instrumental to the establishment of one of the most vibrant capital market operator, as the pioneer General Manager/Chief Executive Officer of Guardian Express Trust Limited (now Spring Capital) – a subsidiary of Guardian Express Bank Plc (now Spring Bank Plc).
Before joining Cowry Asset Management Limited on a full-time basis in October 2007, Mr. Chukwu was between February 2006 and September 2007 a Deputy General Manager and Group Executive, Operations of Spring Bank Plc.
Mr. Chukwu is a Bachelor of Science (B.Sc.) second class upper degree holder in Accounting and a University of Lagos Scholar. He also holds an MBA from Lagos Business School (Pan African University).
His banking career also includes a 3-year stint as the Deputy Financial Controller of Diamond Bank Plc (1997 – 2000) and 5 years experience with Intercontinental Bank Plc (1992 – 1997) where he worked in Credit and Marketing (Trade Finance), Financial Control, Treasury Operations, and Branch Operations.
Among his professional qualifications are Fellowship of both the Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation.
He has attended several courses both locally and internationally including IESE Business School (University of Navarra) Barcelona, Spain; Wharton Business School (University of Pennsylvania) Philadelphia, USA among others.
The epoch making event, which will be bringing together regulators, key stakeholders in the financial services, ICT sector, informal sector and small business owners will be chaired by the Group Chairman of the Nigerian Exchange Group, Alhaji (Dr) Umaru Kwairanga.
The confab will focus on how AI is redefining the financial services sector, accelerating automation, customer engagement, risk management and fraud prevention. It is a learning opportunity designed to enhance awareness, deepen understanding of participants on the imperative and use of AI in rendering banking, capital market, pension and insurance services cheaper, faster and conveniently.
The Guild of Corporate Online Publishers (GOCOP) has announced the public presentation of its book, Nigeria Media Renaissance: GOCOP Perspectives on Online Publishing, on Tuesday, June 17th at Abuja Continental Hotel, at 10.00am.
According to a press statement by GOCOP Publicity Secretary, Ogbuefi Remmy Nweke, this highly anticipated event promises to be a significant milestone in the literary and publishing landscape.
He quoted GOCOP President, Ms Maureen Chigbo, to have said that the event will feature a Fundraiser for the N2.3 billion GOCOP MEDIA CENTRE, a multi-purpose resource centre comprising a secretariat, a 21st Century library and event halls, among others.
Chigbo further said that “this landmark publication chronicled the transformative journey of Nigeria’s media landscape, highlighting the pivotal role of online publishing in shaping public discourse, enhancing transparency and fostering national development.
“It is a testament to the resilience and innovation of Nigerian media practitioners in the digital age,” she said.
The event, she said, will bring together distinguished personalities from government, media, private sector, academia and civil society to reflect on the challenges and opportunities in online publishing and its critical role in nation-building. GOCOP which currently has 120 members was established to ensure that online publishers uphold the tenets of journalism in doing their jobs. Its membership is a constellation of editors and senior journalists, whom, having distinguished themselves in their various stations in the print and electronic media, ventured into online publishing which is both the present and future of journalism globally. The book aside tracing the historical trajectory of online journalism in Nigeria is also a veritable contribution towards enriching the discourse on civil liberties, press freedom and the role of the media in the sustenance of democracy, the statement added.
Kwara Court Jails Tailor for Impersonating, Defrauding EFCC Investigator
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Justice Abimbola Awogboro of the Federal High Court sitting in Ilorin, Kwara State, has sentenced a 27-year-old fashion designer, Haruna Musa Tolani, to 12 months imprisonment for impersonating and defrauding Callitus Egwuonwu, an investigating officer with the Economic and Financial Crimes Commission, EFCC, Ilorin Zonal Directorate.
Tolani, an indigene of Ilorin East Local Government Area of Kwara State, was initially arraigned on a two-count charge bordering on impersonation and cybercrime on January 28, 2025 and pleaded not guilty, but later changed his plea to guilty after overwhelming evidence was presented by counsel to the EFCC, Sesan Ola.
Count one of the charge reads:
“That you Haruna Musa Tolani in August,2024 at Ilorin within the jurisdiction of this Honourable Court with intent to defraud, misrepresented yourself via electronic message sent through unstructured supplementary service data (USSD) to Access Bank Plc. With respect to account number 0022643389, property of Mr Callistus Egwuonwu, with which you purchased N20000.00( Twenty Thousand naira) worth of MTN data which resulted into loss to the owner of the account and you thereby commit an offence contrary to and punishable under Section 14(2) of the cybercrime (Prohibition and Prevention) Act, 2015”
Similarly, count two reads:
“That you Haruna Musa Tolani sometime in August,2024 at Ilorin within the jurisdiction of this Honourable Court fraudulently impersonated one Callistus Egwuonwu via electronic message sent through unstructured supplementary service data (USSD) to Access Bank Plc with respect to account number 0022643389, property of Callistus Egwuonwu with intention to purchase MTN data worth Twenty Thousand Naira (20,000.00) which you did purchase and thereby committed offence contrary to Section 22(2)(b)(ii) of the cybercrime (Prohibition and Prevention) Act,2015 and punishable under Section 22(2)(b)(iv) of the same Act”
In his judgment, Justice Awogboro imposed a 12-month custodial sentence on Tolani with an option of a fine of N200,00( Two Hundred Thousand Naira). The court also ordered the forfeiture of a First Bank manager’s cheque of N200,000 in favour of the victim and directed the convict to restitute the sum of N20,000, the amount he fraudulently obtained.
Tolani bagged his imprisonment when he was arrested for internet fraud. He was charged to court, pleaded guilty and convicted.