Metro
Opinion: OMS: The Missing Links in Hosa Okunbo’s Tale
By Anthony Badmus
Ordinarily, the attempt by Captain Hosa Okunbo to obfuscate the real issues and confuse the public through a massive manipulative media onslaught should be dismissed as a desperate and futile effort to clean his Augean stable. However, the inept and unskillful manner of his media campaign has only revealed to the discerning mind the missing links and his deliberate attempt to sidestep, if not totally avoid, addressing the substance of the issues in contention.
The issues in contention are crystal clear and unambiguous. The deliberate and orchestrated campaign to demonise Tunde Ayeni, a major investor and co-founder of Ocean Marine Services Ltd has failed to achieve its intended purpose but has rather resulted in leaving people wondering why the substance of the critical issues recently brought to fore in the public domain have been intentionally left unattended to.
Captain Okunbo wants Nigerians to believe that Tunde Ayeni has irrationally relinquished his shares in Ocean Marine Services to him. His claims are premised on an illogical notion that a highly discerning and successful entrepreneur such as Tunde Ayeni sold the totality of his over 30% equity stake in OMS, a multi-million dollar going concern valued well in excess of US$100 million, for a paltry sum of N2 billion (US$4.5 million) and a little change. He wants the corporate Nigeria to buy into the false narrative that a business strategy aimed at ensuring that huge debts owed the company was recouped was actually a forfeiture of investment decision, thereby resulting in a situation where he, Okunbo, has become the absolute Lord of the OMS Manor, whilst the man whose idea and contacts gave birth to the investment can take a dive.
However, it is common knowledge that deception has its limits and treachery has its expiry date. Discerning corporate players are not taken in by Okunbo’s wasteful media antics and the attempts to give a bad name to the one on whose back he rode to wealth and stardom. Assuming, without conceding, that his erstwhile Partner’s investments are now his in return for the proverbial bowl of pottage, a la Essau, does that, in any way, extinguish the critical corporate issues bordering on the illicit diversion of OMS’s corporate revenues that Okunbo has been called out to address?
Many still wonder what type of media battle is this that fails to address the salient issues that could clear his name once and for all, provoking the question: “Why is Okunbo dodging confronting the real issues?”
The critical issues here are gross mismanagement, stealing and criminal diversion of company funds. This matter is fundamentally about the abuse of business ethics and corporate governance for selfish ends.
Why is Okunbo maintaining a deafening silence on the allegation of the unauthorised withdrawal of $10 million allegedly spent on settling a Senate Hearing on one of the Subsidiary Companies, Secured Anchorage Area, SAA? When did the Board sit to approve such bizarre expenditure and on what basis?
Why is the recently deposed King Maker of Edo State Politics not in town to address the issue of the alleged illegal withdrawal of $8 million allegedly and supposedly spent on the Presidency, whatever that means. That withdrawal, which is what EFCC is currently investigating, was claimed to be funds withdrawn to take care of the dispute between the company and Ministry of Transportation and the Nigeria Ports Authority, NPA.
Why is this self-acclaimed Lord of the OMS Manor with intimidating resources to buy all available media spaces and pages not addressing the gross allegation of diverting $5.5 million, being the proceeds of the sale of the company’s Challenger Aircraft, to his personal farm in Benin?
And this is not all. The EFCC is also beaming its searchlight on the company’s $5 million, which Okunbo allegedly singlehandedly withdrew and claimed to have invested in an oil block owned by Star Oil as a 5 per cent stakeholder.
Another key issue that will engage the attention of the anti graft agency is the $1 million which the Captain allegedly claimed to have borrowed from the company but which he has refused to pay back.
The alleged infractions are legion. How does one justify a claim by a company Chair that he expended $30 million on a film on Oil Spill in the Niger Delta Region and expect investors and, even the long suffering Niger Delta people to be excited?
But the mother of all infractions appears to be Okunbo’s recent political misadventure in Edo State where he threw in an intimidating war chest which unfortunately yielded a colossal failure. An unspecified amount of money estimated at about $18 million allegedly withdrawn from the company’s account, was said to have been expended on that costly political misstep.
The EFCC definitely has its job clearly cut out for it in respect of the many infractions at OMS.
Okunbo will be explaining to the anti graft agency why he singlehandedly moved the company’s account from Polaris Bank to StanbicIBTC and thereby abandoning the loan repayment commitment by the company to the consortium of banks that funded the acquisition of Ibadan and Yola Electricity Distribution Companies. The loan currently is about $100 million.
As damning and mind boggling as these issues are, corporate watchers find it strange that at OMS’ so-called Board meeting of December 17 2020, the Board could only have a one line response to the issues raised as follows: “…that its accounts are in good and correct order and its funds are intact and not missing, misappropriated or otherwise mismanaged.” Of course, the so-called Board members are his minions and those with insignificant stakes in the company.
That the ‘Board’ could take such major issues bordering on corporate governance and accountabily with such levity and treat Nigerians with such disdain speaks to the mindset of this Lord of the Manor who must have convinced himself that he could get away with any infractions since, in his worldview, everything and everyone has got a price.
But the day of reckoning draws closer and it is just a little more time before Nigerians will find out that some gods truly have feet of clay.
Zion Prayer Movement Outreach, a non-denominational ministry, on Monday opened the first ever Old People’s Home and Orphanage in Imo State.
The Seraphic Home, located in Mgbirichi, Ohaji Egbema, near Owerri, was commissioned by Imo State Governor, Senator Hope Uzodimma, who described it as a watershed in the provision of care for the elderly, needy and less privileged.
Uzodimma praised the Spiritual Director of Zion Ministry, Evangelist Chukwuebuka Obi, for “thinking home” and bringing meaningful development to the state, adding that he was delighted with the choice of Imo State for such an impactful project.
According to the governor, “Evangelist Ebuka’s decision to expand the ministry’s operations in Imo has placed the state on a path to greater global recognition” —a vision he said he had foreseen when initially allocating land for the ministry’s headquarters in Ngor Okpala.
Evangelist Ebuka Obi, in his welcome remarks, said that the home was built to provide care for orphans and the elderly, especially those without anyone to support them. He invited the elderly with no caregivers to take advantage of the facility, which offers free accommodation and care.
“This state-of-the-art facility will provide a safe and nurturing environment for orphans and elderly individuals, offering them a sense of belonging and care. The home will provide shelter, food, clothing, education, and healthcare, and ensure that the residents receive the support they need to thrive,” Evangelist Ebuka disclosed. He said that the home would provide comprehensive care for old people and orphans free of charge, adding that more of such projects would be cited in other parts of the country.
The Seraphic Orphanage and Home for the Elderly will be a safe space for vulnerable populations to receive care and support and provide opportunities for community engagement and volunteerism and a platform for skills development and capacity building for caregivers and staff, Ebuka concluded.
Zion Ministry’s Seraphic Home foundation is a non-profit charitable organization with the objective of touching and impacting lives positively and promoting the welfare of others. It runs a whole range of programmes which support disadvantaged and impoverished families by providing scholarships for different levels of Education for over 60 children yearly as well as funding for patients who are unable to afford life-sustaining treatment and pay hospital bills for various health challenges.
The Corps Marshal, Federal Road Safety Corps (FRSC), Shehu Mohammed, has received the approval of the appointment of 3 Assistant Corps Marshals (ACM), to the rank of Deputy Corps Marshal (DCM), by the Secretary to the Government of the Federation, Senator George Akume.
The newly appointed senior officers are to fill up existing vacancies in the South South, North East, and North West geo-political zones.
The appointment marks a significant milestone in the Corps’ efforts to enhance its leadership and operational capabilities. The Officers to fill up existing vacancies are; Deputy Corps Marshal Aliyu Datsama fsi, to represent North West geopolitical zone, DCM Pauline Olaye, represents the South East geopolitical zone while DCM Attahiru T. Hassan fdc is appointed to fill up the vacancy in the North East geopolitical zone.
DCM Aliyu Datsama fsi is presently the Assistant Corps Marshal in charge of Special Duties and External Relations, a seasoned road safety expert who has held several positions including Sector and Zonal Commanding Officer positions in different states and Zones. On the other hand, DCM Pauline Olaye who is currently the head, Project Implementation Office at the National Headquarters of the Corps is by virtue of her new appointment, the most senior female officer in the Corps. She has held several positions of authority including the position of Assistant Corps Marshal, Special Duties and External Relations Department, as well as Zonal Commanding Officer Zone RS1HQ Kaduna.
In the same vein, DCM Attahiru Hassan fdc, is presently the Assistant Corps Marshal in charge of Technical Service Department. A well grounded professional road safety administrator who has held several positions amongst which include the positions of Corps Provost as well as Sector Commander.
The Secretary to the Government of the Federation while speaking on the development, stated that the appointment of the seasoned professionals will bring fresh perspectives and expertise to the FRSC’s leadership team. They are expected to play a crucial role in shaping the Corps’ strategic direction and driving its mission to reduce road crashes and promote safe driving practices.
He stated that the appointment is part of President Bola Ahmed Tinubu GCFR’s drive towards rewarding excellence, diligence and hard work which is in line with the administrative philosophy of the present leadership of the Hope Agenda regime.
The Corps Marshal, Shehu Mohammed equally congratulated the newly elevated Officers for their excellent performances during the exercise, noting that every promotion comes with greater responsibilities. He charged them to put in their best in the course of their duties as the new rank calls for more focus, more dedication, commitment and passion.
He admonished those who were not fortunate in this appointment year to keep faith alive and be loyal to the system.
Speaking further, the Corps Marshal promised to improve the general welfare of the personnel of the Corps. As such, he beckoned on all personnel to be of good cheer and put in great efforts towards the realisation of the corporate mandate of the Corps.
The Inspector-General of Police (IGP), Kayode Egbetokun, has ordered the immediate withdrawal of police mobile force (PMF) personnel from private individuals nationwide.
The IGP, according to a statement issued by the Force Public Relations Officer, Muyiwa Adejobi, gave the directive during a meeting with PMF squadron commanders at the Force Headquarters, Abuja, on Tuesday.
He decried the assignment of PMF operatives to escort and guard duties for VIPs and private individuals across the country.
He also announced a series of reforms, including quarterly ethics and professionalism training, and the mandatory standby of fully equipped, combat-ready units.
In the statement, Adejobi said the move is part of the reorganisation of the Police Mobile Force (PMF).
“He expressed concern over the diversion of PMF personnel to non-core roles, including escort and guard duties for private individuals and VIPs, a trend which has undermined the unit’s effectiveness,” the statement read.
“To address this, the IGP has announced a series of measures including the immediate withdrawal of PMF personnel from unauthorized deployments, regular quarterly training focused on ethics and professionalism, and mandatory standby of fully equipped, combat-ready units across all Squadrons for rapid tactical support.”
According to the IGP, all PMF Commanders will be held accountable for the conduct of their personnel.
Egbetokun, however, urged them to lead proactively through regular training, inspections, and mentorship aimed at upholding discipline, respect for human rights, and operational excellence.
