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The Tank Farm/Satellite Town Saga:
……The True Story
The Festering story of the Satellite Town and Tank Farm are not getting abated, if the truth must be told. Banters and expansions on the raging matter were espoused by opposing parties on the issues, and the interesting conclusion is that both parties have now agreed on a Mutual and Consolidated Agreement to move on and make things Workable in the interest of Peace, Harmony and Progress.
Residents of a largely populated area in satellite town area of Lagos state, have cried out to the Lagos state Government to come out to their aid on the activities of Tank farm in their immediate vicinity.
The residents made up mainly of all the Estates, roads and close accessed through the old, worn-out, frail, rocky and gully road of the area linked to old Ojo Road, Wobbly Navy Road, and the uncharted shell-Abule Osun Road, with the broken steps and ridges and water collectors interior, are gathered here at the closest level of government.
They are bemoaning their state of desolation and now earnestly drawing the attention of the government to the very appalling and deplorable situation of their Community.
Their groves rise from the operation of a disparate group of over 50 Tank farms operated by 13 marketing Companies.
This ugly situation led to a massive protest by the residents who trooped out on Tuesday ,July 9, 2019 to condemn what they describe as unwarranted invasion of their community by the oil company. They therefore insisted that the operators should relocate their companies to another area as the current is becoming inhabitable due to environmental pollution ravaging the community.
According to the chairman, Satellite Town Forum, Mr. Michael Imitinl, all government agencies should plan well before approving location of facilities in areas to avoid ugly situation in future just like what is happening in the Niger Delta.
However, we also heared the side of Tank Farms via the secretary, Ijegun-Egba Tank Farms Owners/ Operators, Satellite Town, Lagos Barrister Eslist Eslist who explained, ‘What is essential is that, whatever we discussed at inception of the relationship is that both parties should adhere to the black and white of the deal.
We don’t have issue, their demand are roads, infrastructural deficit which civil construction are going on at Pioneer Road, the road will be fully rehabilitated. Before our company starts operation at Satellite Town, we have to pass through Marwa Road, every collapsed portion in that area has been rehabilitated by our Tank Farm is 3.8 km road beginning of Marwa Road down to the end is long term measure with expansion and the drainage. The issue of flooding whatever concerns the community also concerns us. We want to take water out of the Community down to the lagoon. Work is in progress and the engineer in charge is the Nigerian Army Construction Company . Eventually, whatever that is affecting the community in terms of drainage, water and flooding has been addressed. An expansion of the road is on going which will be completed soon. What we need from the community is cooperation in terms of relationship. As a corporate organization, enjoying good relationship with the community people is our priority.
We have had several meetings and the most important thing is whether the work we promised has commenced or not. Yes, it has commenced, and they are seeing it going on smoothly, and this is why we are appealing to the Community to be patient as the work goes on. We are on the job, and will not abandon the job half-way until it is finished beyond logical conclusion. Above this, our presence, whether you like it or not, has made this community a better one in the eyes of the external world, and we are even making moves to make satellite Town/ Ijegun Egba Community more attractive. It is only good for our Company, not the Hearken to the needs of the Community and we are ever ready to give them what they most desired as part of our Corporate Social Responsibility. We have a cordial relationship with the Community, and it is only a foolish businessman that will operate in a hostile environment, especially when people around him are unhappy. They believe that Tank farm will turn the place into an economic zone, and the Government will be easily attracted to the Community. That is why the LASG has been sending their Interventional team to establish a fire- fighting unity in the Community, just as Tank Farms has established its own fire combating outfit, which can also serve the Community, in case of any unexpected fire outbreak.
We are not here illegally we are here Legitimately, and all Companies are duly approved and licensed by Government, so whatever we are doing here is backed by law, and we can only add value to the surrounding Communities by giving them what they lack, by way of Amenities.
On whatever there were prior meetings between firms and the Community, it was ascertained that several meeting were held between both parties and those meetings ended
in mutual agreement of how the company and the Community can move forward in terms of community development and Corporate Social Responsibility on the part of Tank Farm.
Also, the coordinator, Ijegun- Egba Tank farms owners and Operators Association, Alhaji Ibrahim Muhammed corroborated the earlier speaker.
He said, we have met with the Community severally, and we have briefed them on the work that is going on which they readily saw and identified. Actually, we are supposed to have started earlier than this, but because of the rain, we had to start in May, and hopefully, when the rain subsides, we should be through with the work by the end of September, all things being equal why the work has not been progressing is because of the weather; if not so the work should have been completed since but that is not an excuse for us. We can only hope that the Community will bear with us, even as they can see that work is going on steadily and in no time, they will begin to enjoy the goodies of the job.
Another issue is that of misplacement of trust among the various parties involved. Many meetings were called and invitation sent to the community to address the main issue, only for the Community to renege and give them their own condition, which was to come and meet them at their own behest, with express permission and approval from their directors. They are however waiting for another meeting that can be mutually fixed and issues settled amicably. As for the Tank Farm, they have been job opportunities for the community, and this will not stop because as long as the inhabitants are gainfully employed, the Tank farms will also be greatly rewarded by what the people are giving back to them. So it is a gain-gain situation for the two parties. Tank farms and satellite town entities. Good enough, all the Tank farms have now come together as one body to come as a positive Form in aid of the Community, and this is a good signal for good things to come which include,
medical facility, education, social amenities that will further raise the standard of the satellite town Community. This will be coming as a collective responsibility of the Tank farmers and the host Community.
President Bola Tinubu has unveiled an investment package of more than $7 billion for the development of the Ogun State Blue Marine Special Economic Zone and the Gateway Deep Seaport, describing the projects as a major step towards strengthening Nigeria’s maritime economy and attracting foreign investment.
In a statement by his Spokesman, Bayo Onanuga, on Thursday, the President spoke in Paris, France, during the signing of Memoranda of Understanding between the Ogun State Government and DP World, a global ports and logistics operator, for the development of the projects.
Tinubu assured domestic and foreign investors that the Federal Government would continue to provide regulatory clarity, policy stability and a predictable business environment to support long-term investments in Nigeria.
“The agreements before us bring together vision, expertise, capital and execution capacity. I particularly welcome DP World, one of the world’s leading port and logistics operators,” the President said.
He added that the Federal Government would provide the necessary regulatory and institutional support to ensure that the projects moved seamlessly from agreements to implementation.
According to the President, the agreements are expected to attract an initial investment of more than $7 billion into the Nigerian economy and create over 50,000 direct jobs when fully developed, alongside additional indirect employment opportunities.
Tinubu said the projects would also generate non-oil export earnings and contribute to Nigeria’s economic diversification.
“This is economic diversification made tangible. This is industrialisation made visible. This is Renewed Hope in action,” he said.
The proposed Gateway Deep Seaport at Ogun Waterside will have a four-kilometre berth and an 18-
metre draft. The facility is expected to help decongest the Lagos port corridor and ease pressure on the Apapa and Tin Can Island ports.
The president said the deeper draft would enable the port to accommodate larger vessels while providing a competitive gateway for trade within Nigeria and across the African Continental Free Trade Area.
He noted that the proposed Ogun State Blue Marine Special Economic Zone would cover about 10,000 hectares and would be integrated with the deep seaport to support manufacturing, processing, exports and logistics.
“The Gateway Deep Seaport is the critical infrastructure that will support the zone’s viability. A port moves cargo; a port integrated with a special economic zone helps to build an economy. Each reinforces the other,” Tinubu said.
He said the Federal Government would facilitate road, rail and power connectivity to the projects, while strengthening investment security and the maritime domain and removing unnecessary bureaucratic obstacles.
The president also linked the projects to the Lagos-Calabar Coastal Highway, describing the Ogun section of the road as a critical transport connection for the emerging industrial and maritime corridor.
“The Lagos–Calabar Coastal Highway is central to this corridor’s commercial viability,” he said, adding that the 28-kilometre Ogun section of the 700-kilometre highway was scheduled for completion before the end of the year.
Tinubu said the port and industrial zone would also form part of a wider strategic corridor linking the proposed Nigerian Navy Operating Base and Dockyard with the OK LNG Project.
The President commended Ogun State Governor Dapo Abiodun and his administration for securing the land and structuring the investment framework.
“I commend Governor Dapo Abiodun and the government and people of Ogun State for securing the land, structuring the investment framework and reducing project risks for global investors,” he said.
Governor Abiodun led the Ogun State delegation at the signing ceremony, which also included state commissioners and other senior officials.
Senior representatives of DP World, the Nigerian Ports Authority and SkyKapital were also present at the event.
Tinubu urged Ogun State and the investors to maintain the momentum created by the agreements and move quickly towards implementation.
“Nigeria lies at the heart of West African trade. Yet, our strategic advantage has been constrained by port congestion, inadequate draft capacity and logistics bottlenecks that increase the cost of doing business. These projects respond directly to those constraints,” he said.
Today, I celebrate myself and give all glory and thanks to Almighty God for the gift of life and for bringing me this far. I am grateful for the opportunity to be alive, healthy, peaceful, happy, and prosperous.
As I celebrate another year today, I pray for greater blessings, wisdom, good health, peace, success, and abundant prosperity in the years ahead.
May this new chapter of my life be filled with joy, favour, wonderful opportunities, and fulfilment of my heart’s desires.
Happy Birthday to me! 🥳🎉
Congratulations to me on this special day. 🙏❤️🎂
I wish myself many more happy and prosperous returns. Cheers to a beautiful new year of my life! 🥂🎉
The International Chamber of Commerce tribunal in Paris has ruled in favour of Nigeria in the arbitration brought by Sunrise Power and Transmission Company Limited over the Mambilla Hydroelectric Power Project in Taraba State.
President Bola Tinubu, in a statement issued on Thursday by his Special Adviser on Information and Strategy, Bayo Onanuga, said the tribunal rejected the claims by Sunrise.
The company had sought $680m from Nigeria as a settlement sum and interest in relation to a separate arbitration in which it is claiming more than $2.7bn in compensation and interest over disputes surrounding the development of the 3,960-megawatt Mambilla project.
However, the tribunal, as reported by The Cable, also dismissed Sunrise’s claim for $400m arising from the 2020 settlement agreement, according to the details of the award reported on Thursday.
It further ordered Sunrise and its promoter, Leno Adesanya, to reimburse Nigeria 75 per cent of its legal fees and expenses, amounting to $11.82m.
The tribunal also reportedly declared that Adesanya was bound by the arbitration agreement with Nigeria under the settlement agreement and its addendum and that it had jurisdiction over Nigeria’s counterclaim against him and his firm.
In the statement, Tinubu said the ruling demonstrated the government’s determination to defend the country’s interests.
“This latest decision affirms the Nigerian State’s determination not to succumb to predatory and exploitative claims by corrupt local and international entities and their enablers and funders,” he said.
The President commended the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, and officials of the Federal Ministry of Justice for their role in the case.
He also commended former President Olusegun Obasanjo and the late former President Muhammadu Buhari, who testified in the arbitration.
“I also commend the FRN defence team, led by Ms Elizabeth Oger-Gross and Mr Tolu Obamuroh, both of Paul Hastings LLP, for their professional and excellent defence of the country.
“I commend the patriotism and support of former President Olusegun Obasanjo, GCFR, and late President Muhammadu Buhari, GCFR, who testified in the case, which dated back to an illegal 2003 contract to build a 3,050-megawatt hydroelectric plant in Taraba State under a build-operate-transfer model.
“The Federal Executive Council never authorised the contract. I thank the other witnesses in this case, including former Ministers Babatunde Raji Fashola, SAN, and Suleiman Adamu, and the experts, for their active participation in defending Nigeria’s interest in the arbitration,” the statement read.
“I want to assure you that while our country remains committed to partnering with genuine investors and honouring its legal obligations, it will continue to defend all opportunistic claims instituted against our commonwealth strongly.
“Today’s ICC ruling clears the single biggest legal hurdle that has paralysed the Mambilla hydro power project for years,” Tinubu said.
The dispute dates back to an agreement under which Sunrise claimed it had been awarded the contract to construct the Mambilla project.
The company commenced arbitration against Nigeria at the ICC International Court of Arbitration in October 2017, seeking about $2.354bn over an alleged breach of contract.
The parties later entered into a settlement agreement in 2020, under which Nigeria was to pay Sunrise $200m.
A subsequent dispute arose after the government did not make the payment, leading to another arbitration in which Sunrise sought $400m, comprising the $200m settlement sum and a $200m default payment.
In Thursday’s award reported by The Cable, the tribunal rejected Sunrise’s claim that Nigeria had breached its obligations under the settlement agreement and its addendum.
It also rejected the company’s demand for the $400m settlement and default sums.
The Cable reported that the tribunal fixed the arbitration costs at $1.6565m, with Sunrise and Adesanya responsible for 75 per cent and Nigeria for 25 per cent. Of the $11.82m in legal fees and expenses awarded to Nigeria, $2.5m is to be recovered from funds held in escrow by the ICC, while the remaining $9.32m is payable by Sunrise and Adesanya, with interest at 10 per cent annually, compounded annually, from notification of the final award until payment.
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