SAIPEM is an Italian multinational oil field services company serving as the principal contractor involved in executing the Train 7 project.Chairman of the committee, Senator Teslim Folarin, had summoned Executive Secretary of the NCDMB, Simbi Wabote, over perceived regulatory negligence.
At the opening of the investigative hearing held on Wednesday, Folarin noted that the summons to the NCDMB was based on the alleged failure by SAIPEM to defend allegations of violations of local content laws in the execution of project contract. The lawmaker said, “SAIPEM appeared before this committee in December last year on alleged violations of local content laws in the execution of the $10bn Train 7 Project without any convincing defensive submissions.
“The management of the construction firm failed to defend any of the allegations made against it by the petitioners as far as adherence to local content laws is concerned. “Failure of SAIPEM to speak convincingly to the petitions led to the appearance of management of NCDMB before us today, being the regulatory agency monitoring the implementation of the local content laws.”
SUBSIDY/ FRESH 3 TRILLION NAIRA BORROWING OIL90$ we're officially in trouble in the hands of these aliens from futa jallo Another 3 trillion naira in borrowing, for fuel SUBSIDY APC and these aliens from futa jallo has finally hang the south😳😳😳😳😳
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