Connect with us

Headline

Opinion: Eraskorp, OMS, NNPC and Parable of The Talent

Published

on

By Orobosa Omo-Ojo
For days, I ponder on how to approach this topic, just then, I realised that the Parable of the Talents in the Holy Book of Mathew, provides a helpful framework to illustrate the media circus that has been on the road for a while now.
The Parable of the Talents is not about salvation or works righteousness, but about how we use our work to fulfil our earthly callings. It is about whole-life stewardship, or “Stewardship with a capital ‘S‘.”
The unfaithful steward in this parable did not so much waste the master’s money – he wasted an opportunity. As a result, he was judged wicked and lazy. We are responsible for what we do for God with what we have been given, and one day we will be held responsible.
‘Talent’ usually refers to ability, but in this parable, it is used as a measure for money. Greek sources state that one talent was equivalent to the money worth twenty years of labour done by a common person or helper.
This parable discusses the trusting nature of a master towards his servant and the responsibility of a servant towards his master. It also highlights the need for faithfulness and obedience, not only when the master is around, but also when he is not.
We are told a story of how a Chief Executive assigned responsibilities to his agents, while he was away on a trip. Upon his return, he assessed the productivity of each servants or if you like, the caretakers. He evaluated them according to their faithfulness and creativity in protecting his investment.
It is clear from the story that even the rich Pharisee was interested in making some profit from his investment. A gain indicated faithfulness on the part of the servants. And this gain could be possible, only if the servants play their caretakers role diligently. The measure of rewards was based on how each has handled his assignment. He judged two servants as having been “faithful” and rewarded them positively. The unfaithful servant got query and was not compensated.
According to theologians, another version of the parable of talents was provided by Eusebius of Caesarea from a “Gospel written in Hebrew script”. In that gospel, Eusebius wrote that, while the man who had hid the talent was rebuked for his wasteful approach to business. The man who had received two talents had invested and gained a return on his investment, the recipient of the five talents instead “wasted his master’s possessions and trust with harlots and flute-girls”. The Hebrew Gospel also revealed that this ‘prodigal man’ was sent into the darkness, and Eusebius expressly identified the darkness as being imprisonment.
The Nigerian National Petroleum Corporation (NNPC) aptly fits the role of the rich Hebrew man in the ‘Parable of Talents’. It is the statutory responsibility of the company to manage Nigeria natural resources on behalf of the government. NNPC in turn, also employ the services of individuals and corporate entities to ensure service delivery. Bearing this truism in mind, Nigerians became curious and confused with the imbroglio that has trailed the award of contract for Trans Forcados Pipeline the security surveillance to the preferred company – Ocean Marine Solutions (OMS).
Unlike the characters in the ‘Parable of Talents’, three principal actors are in the ongoing ‘black gold’ thriller’ – Eraskorp, Ocean Marine Solutions and the NNPC. At the heart of the contest is the ‘Trans Forcados Pipeline’ (TFP) surveillance contract. According to the management of Eraskorp, the company was contracted by NNPC to provide security and surveillance services for the pipelines and the resources they convey, until recently when the contract was terminated by NNPC due to poor service delivery.
The corporation had stated in a press statement signed by Ndu Ughamadu, that the nation lost 11 million barrels of crude oil, worth $800 million, whilst the TFP was placed under the watch of Eraskorp when their contract subsisted. But in another release, Eraskorp dismissed NNPC claim as “redundant falsehood”, insisting that its effort was geared to making positive impacts in the Nigeria oil industry.
Eraskorp also challenged NNPC to provide Nigerians with cogent evidence of the “spurious claim”. The company then distanced itself from the responsibility of safeguarding the Trans Forcados Pipelines, just as it claimed that “a surveillance contractor cannot be held liable for production shut-ins due to technical hitches.
“The NNPC is fully aware that the so-called losses have nothing to do with the performance of our contract and is just a convenient excuse for their own misconduct”. The narratives so far, points to a situation of no going back, with the ‘fight-to-finish’ attitude of Eraskorp against the management of NNPC who they also accused of failing to follow due process in re-awarding the surveillance contract for the protection of TFP to OMS.
Several questions should be begging for answers from Eraskop and NNPC. Principal amongst which is the status of the former contract that was terminated – was there a determination clause, based on performance? Did Eraskorp deliver on its mandate to protect the TFP? Is it true that NNPC and Nigeria lost 11 million barrels oil worth $800 million under the watch of Eraskorp? Conversely, NNPC management had backed their claims with verifiable documents that the TFP was a major waste conduit during the period they contracted Eraskorp to protect the pipelines. The corporation was short of accusing Eraskorp of economic sabotage. Like the man who was given a single talent, in my opening story, Eraskorp management have safely distanced itself and laid the losses squarely on the Operation and Maintenance (O&M) division of NNPC. This attitude is completely wrong and negates against good business ethical values.
But how could this be? From the understanding of the workings in NNPC, the failure or inability of the O&M division is the primary reason why the Eraskorp was contracted to watch over the Trans Forcados Pipelines in the first instance and for this, the company admitted to have been paid $1.5 million each month. Eraskorp argument is merely an attempt by an inefficient contractor to evade responsibility.
By the way, NNPC decision to discontinue with Eraskorp and enter a new contract with a more technical oriented company is based on the “ Proof of Concept”, basically because OMS has successfully prevented oil thieves from bursting the Escravos-Warri and Bonny-Port Harcourt pipelines since they entered into surveillance agreement with company. This is the basis and justification for the use of “Proof of Concept” methodology for the re-award of the TFP surveillance contract to Ocean Marine Solutions, after the failure of Eraskorp to protect the TCP. Like the rich Hebrew merchant, NNPC can only reward her performing contractor, not the ‘servant’ that went frolicking and wasted his master’s trust with “harlots and flute-girls”. The ineffective servant was sent into the darkness, which has been interpreted by theologians as imprisonment. Today, the only place fit for economic saboteurs in Nigeria remains the prison.
But what may be the real reason for Eraskorp’s objection to the discontinuation of their TFP surveillance contract? Could this be because of their proclaimed “national interest”? Or, is the fight akin to the unnamed Hebrew woman who wanted the newborn child butchered, if she cannot claim ownership of the baby?
In economic disputes, the phrase – “splitting the baby” describes a compromise somewhere in the middle of the opposing parties’ (requested demands). The phrase comes from a dispute, where King Solomon faced a challenge where two women claimed the same infant child as theirs. Both women had given birth to a child in the same house and sadly, one of the babies died in sleep. The allegation was that the mother had switched the dead child for the living one, while the other mother slept. Solomon’s proposal was to cut the baby in half with a sword so that each could have half, as a solution to the dispute. However, when the real mother gave up her demand to save the child, Solomon knew who the mother was and handed the child to her.
The Trans Forcados Pipeline is Nigeria’s baby that needs to be protected from perilous attack from oil thieves and vandals. Eraskorp management must reconsider their present uncooperative stance with NNPC to prevent the continued loss of crude and revenue on the TFP. It is the responsibility of NNPC to select technical partners and vendors that they consider qualified to provide services to the corporation, including the TFP surveillance that is aimed at safeguarding the resources of Nigeria. A failure to do this, may amount to deliberate act of economic sabotage.

Hon. Orobosa Omo-Ojo, JP is Journalist and a former Commissioner for Oil and Gas writes from Lagos

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headline

Ghana: Mahama Wins Reelection, Oppositon Candidate Concedes Defeat

Published

on

By

Ghana’s former President John Dramani Mahama has staged a political comeback by winning the West African nation’s presidential election after his rival, Vice President Mahamudu Bawumia, conceded defeat on Sunday.
Addressing a press conference from his residence, Bawumia said he had called Mahama to congratulate him, adding that Mahama’s National Democratic Congress (NDC) also won the parliamentary election.
“Let me say that the data from our own internal collation of the election results indicate that former President John Dramani Mahama has won the Presidential election decisively,” Bawumia said.
“The NDC has also won the parliamentary election. Even though we await final collation of a number of seats, I believe ultimately these will not change the outcome.”
Bawumia said he conceded before the official results to ease tensions.
Before his concession, scuffles had been reported in several local constituency centres where results were still arriving from polling stations.
“I am making this concession speech before the official announcement by the Electoral Commission to avoid further tension and preserve the peace of our country,” Bawumia said.
“It is important that the world investor community continues to believe in the peaceful and democratic character of Ghana,” he added. “The people have voted for change at this time, and we respect that decision with all humility.”
Source: Reuters.com
Continue Reading

Headline

UBA Foundation Kicks Off Festive Season with Spectacular Garden Light-Up

Published

on

By

The United Bank for Africa (UBA), through its Corporate Social Responsibility arm, the UBA Foundation, held its annual Garden Light-Up ceremony on Monday at its head office in Lagos.

The event marked the start of the festive season with a spectacular display of lights, fireworks, and music, bringing together staff, customers, and well-wishers in a celebration of unity and gratitude.

The Garden Light-Up, a cherished tradition, reflects UBA’s commitment to spreading joy and fostering a sense of community. Speaking at the event, UBA Group Managing Director/CEO Oliver Alawuba highlighted the bank’s dedication to creating memorable experiences and expressed appreciation for the efforts of staff and customers during a challenging year.

“As we approach Christmas, a time of love, we remember the spirit of giving and community,” Alawuba said. “This ceremony symbolizes hope for the future and the goodness it brings into people’s lives. I encourage everyone to spread kindness and light as we celebrate together.”

The ceremony also marked UBA’s 75th anniversary, with Alawuba emphasizing the bank’s commitment to building a lasting heritage. Guests enjoyed Christmas carols performed by the UBA Customer Fulfilment Centre choir and a guided tour of the UBA Foundation gardens at Lagos Marina.

In addition to the festivities, the UBA Foundation reaffirmed its commitment to sustainable development through initiatives that focus on education, environmental conservation, economic empowerment, and community welfare. As part of its corporate social responsibility, the Foundation will provide meals to tens of thousands of people across Africa during the holiday season.

The event ended with fireworks, leaving attendees inspired and excited for the season of giving.

home

Continue Reading

Headline

My Economic Policies Harsh, But Yielding Results, Tinubu Insists

Published

on

By

President Bola Tinubu has, for the umpteenth time, insisted that the economic policies that he initiated on assumption of office are now yielding the desired results.

Tinubu, who acknowledged that the policies are harsh on the people, stated that the decision became imperative in order to salvage the country from the crises facing it.

Speaking during the 34th and 35th convocation ceremonies of the Federal University of Technology, Akure, FUTA, the President, who was represented by the Vice Chancellor of the University of Ilorin, Prof. Wahab Egbewole, stated that Nigeria is now moving from consumption to production economy.

While calling for the people’s understanding and support, he maintained that his administration is open to criticisms and admiration.

The President said: “The need to salvage the future of our children and bring the country back from the brink of collapse necessitated the strategic decisions to remove the fuel subsidy and also unify the exchange rates.

“I am not unaware of the consequences of the tough decisions on our people. I sincerely wish there could be softer options.

“The macro-economy of our dear country is improving by the day and beyond expectations. The micro-economy, which directly affects our citizens, is also taking shape gradually with positive results.

“By the grace of the Almighty God, every household will experience a better life and have brighter hope for the future.

“We are working hard to ensure the safety of every Nigerian in every part of the country. Our security architecture is up to the task, and the ugly narratives of the past are changing for good. Also, we are not relenting in our pursuit of making our country a haven of prosperity for all.”

Continue Reading

Trending