Oilflow boss tasks govt on financial audit

THE Federal Government has been urged to give close monitoring to the oil and gas industry, especially in the financial transactions which have elicited issues of transparency and accountability in recent past.

The Managing Director and Chief Executive Officer, Oilflow Global Energy Limited (OGEL), an oil servicing company based in Lagos, Noah Yakub, said the nation to achieve its growth aspirations, there has to be regular periodic external system and financial audit reports, and regular meetings with stakeholders where lapses can be established and consequently ironed out.

Yakub however commended the President, Muhammadu Buhari for his selection and placement procedure, especially on the recent appointment of Dr. Emmanuel Ibe Kachikwu as the helms man of the NNPC.

“That was a perfect example of putting a round peg in a round hole,” he said.

He also stressed the need to enhance capacity building, technical and financial growth, especially among Nigerians, having been given the privilege to operate under the Nigerian Local Content Act.

He said: “At Oilflow, we are already sailing on the present state of the business environment to actualize our mission towards the global industry growth. With an improved environment as promised by the current administration we shall sail smoothly.

“We have our strategies to operate in the industry. The most important strategy that we put up is an integration of integrity and performance. For example, when we supply technical manpower, we put a system in place that when they are on vacation or they are on time off, we develop them by giving them a particular training established as relevant to their field.

“We also have a structured system that recognizes and appreciates talents and job performance accuracy. These we do for our clients free of charge. Besides, we are also giving them a relationship training, in the sense that we train them on how to mix with people that they are not familiar with; how to mix with their bosses; how to mix with their peers; how to mix in their work environment so that they can have a sense of understanding with other people, their cultures and their systems as well. That is just a few out of the lots of our business strategies.”