Business & Finance

Total Oil, Communities Renew Pact In Rivers

Total Exploration and Production of Nigeria (TEPNG) yesterday assured its host communities in Rivers State of prompt release of funds to implement the company’s responsibility in the new Memorandum of understanding (MOU) signed with them.

Total’s Deputy Managing Director (DMD), Port Harcourt District, Francois Le Cocq, spoke during the signing of the MOU with Rumuogba and Rumuji communities of Obio/ Akpor and Emohua local governments in Port Harcourt.

Le Cocq, who was represented by a company official, Okechukwu Obara, said the company attached importance to the agreements and would manage it amicably so it would not affect operations of the company.

“In order to embrace the current global anti bribery and compliance campaign ongoing in the compound, we must ensure transparency and integrity in project nomination and execution process.

“On our part, notwithstanding the challenges that affected the past agreements, we shall do our best to manage disbursement of funds for the implementation of the MOUs such that it will not put the company’s operation at risk.”

Earlier, the deputy managing director hailed the process leading to the signing, believing that with sincerity and cooperation from parties, the agreement would spread in such a way that the impact would be all-embracing

Le Cocq said: “It is with great pleasure that I welcome you to this formal signing ceremony of the renegotiated Memorandum of Understanding (MOU) with the communities.

“I am proud that the various engagements and negotiation meetings with you have yielded mutually acceptable agreements that will form the basis of our relationship with your communities for the next five years.

“I am quiet convinces that the content and depth of the agreements to be signed today(yesterda), are far reaching and have the potential to positively affect the lives of the communities if parties show sincerity in their implementation and management.

“Judging from the various provisions made in therein, from the infrastructure to human capital development initiatives, it is clear that the company is committed to touching the lives of the communities regardless of the challenges which the industry is facing today.” he said.

The deputy managing director promised that Total would ensure that issues which affected past agreements were avoided.

“Reflecting from the outcome of various implementation reviews, I believe we have understood the causes and the effects of our actions and/or inactions.

“We have observed and are worried about some grey areas of our implementation strategies. We believe that projects and programmes nominations and implementation should address identifies needs and not contract driven venture for few benefit captors.

“As we celebrate this renewed relationship, let us so so with a renewed spiritband conviction to implement the provisions of the new agreement for the mutual benefit of all the parties as TEPNG will be fulfilled and proud to identify with positive results which shall be brought to the communities through the implementation of this MOU,” he expressed.

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