Oil swap deal: Capt Okunbo denies involvement

hosa Okunbo-1

Chairman of Ocean Marine Security Limited,  Capt Hosa Okunbor, has denied any involvement in the controversial offshore processing agreements (OPAs) popularly known as oil swap involving the former Minister of Petroleum, Mrs. Diezani Allison-Madueke and her cronies.

While Capt. Okunbor, in a statement signed by his Media Assistant, Olanrewaju Anjolaoluwa, agreed that his firm renders services to major oil companies in Nigeria, including the Nigerian National Petroleum Corporation (NNPC), he however, described his alleged  link with on-going investigations of the controversial offshore processing agreements by a Unitd States jury as blatant falsehood and outright lies.

Mrs. Alison-Madueke has come under intense international probe in recent days, as the US Department of Justice listed her, Kola Aluko and Jide Omokore as persons of interest in a civil complaint filed at a District Court in Houston Texas detailing how millions of dollars were laundered on Alison-Madueke’s behalf. The funds were allegedly used in buying properties in the US and the UK, in return for oil contracts. 

Capt. Okunbor, a retired pilot and philanthropist, challenged anyone, whether in the NNPC, the media or anywhere, to come forward with indicting evidence that can puncture his assertions.

According to him, he was prepared  to face prosecution based on such exposition and be sent to jail if found guilty of any complicity or fraud.

Said he: “In the absence of this, I implore the Nigerian media, especially bloggers, to be thorough, fair and objective in their journalistic responsibility.”

Okunbor who  traced the root of the misinformation to a report published by a popular online news medium in 2015, to which he  issued reaction, said he was constrained to again state his case because his silence might be misconstrued for guilt.

The statement read: “I had believed the media would put paid to such malicious reports, but sheer laziness and unprofessionalism on the side of some bloggers have sustained the tautological misrepresentation of the contract that formed the basis for the first publication.

“Ocean Marine Solutions (OMS) Limited was contracted by the NNPC to provide security coverage for the crude oil transportation because of its longstanding ‘sterling reputation in maritime security.’ This became imperative after NNPC had offered PPP Fluid Mechanics Limited (his indigenous procurement and oilfield services company) a contract to transport crude from Escravos to Warri refinery when it had become highly uneconomical to transport crude oil between these locations through the pipeline, in view of government’s huge expenditure of about $121 million for the maintenance and repairs of the Escravos-Warri broken crude oil pipeline.

“Upon satisfaction by NNPC with the delivery of PPPFM and OMS, the companies were adjudged competent and capable for continued transportation of the crude.”

These facts, he states, were made available to the online medium that started the story.

The statement further avers that neither Okunbo nor any of his business or business entity he is linked with in Nigeria or anywhere in the world has ever engaged “in any deal requiring lifting the tiniest drop of oil, crude or refined. I am not a trader; I have never submitted nor participated in any  oil swap deal, neither do I own a company trading in any petroleum products.

“In my three decades in business, spanning engineering and technology, energy, integrated service in the petroleum sector, maritime, security, agriculture and others, integrity has been my guiding principle and a core value with which I have been able to earn trust and confidence of companies and corporations of global repute. I have never stood before any administrative, judicial or legislative panels to answer any questions related to any shady deal. I have conducted my businesses with utmost openness, honesty and integrity. I am not oblivious of the fact that not a few people look up to me as a role model; the least I can do is to exhibit exemplary leadership quality to this group of young Nigerians, many of whom interact with me on a regular basis.

“As this falsehood is being assisted with the ubiquity of social media, it is becoming increasingly clear that maintaining silence further will be misconstrued for consent.”

NEWS UPDATE: Nigerians can now earn as much as $15,000-$25,000 with premium domains. You decide if you want payment in Naira or US Dollars. Be sure to ask for evidence and proof of people benefitting daily from this. CLICK HERE TO START

Breaking news & top stories

Stay connected with The Sun Newspaper

Get breaking news, exclusive stories, and live updates delivered straight to your phone. Join thousands of readers already following us on Whatsapp Channel and Telegram.

Breaking news & top stories

Follow The Sun Newspaper

Get live updates & exclusive stories delivered straight to your phone.

Breaking news & top stories

Stay connected with The Sun Newspaper

Get breaking news, exclusive stories, and live updates delivered straight to your phone. Join thousands of readers already following us on Whatsapp Channel and Telegram.