“Appropriate Actions, Forensic Audit of NOCAL”

first_imgThree major committees of the Senate have made several recommendations to plenary on the state of affairs at the National Oil Company of Liberia (NOCAL), among them, appropriate action against all employees, senior management and Board members who have betrayed the public trust.The recommendations were contained in a report dated August 17, and was submitted to plenary yesterday by the Committees on Lands, Mines, Energy, Natural Resources and Environment; Committee on Public Corporations, and the Committee on Ways, Means, Finance and Budget.In their 12-page report, the committees, among other things, recommended that appropriate action be taken against all employees, senior management and Board members who have betrayed the public trust; but however, recommended that all those who have been severed receive their just benefits in accordance with the Law of Liberia.The report comes in the wake of mounting concerns that the company is facing financial difficulties, and that some of the major oil companies were pulling out of petroleum acreages.At the same time, the committees are recommending that the General Auditing Commission (GAC) conduct a forensic auditing of NOCAL for unaudited periods.Considering that Liberia is still a frontier area in terms of oil exploration, the committees recommended the development of an aggressive program, both to retain companies in the program and to attract others in the face of competition from other countries some of whom have found or are producing oil.In view of this, the committees are suggesting that the current management structure of NOCAL be reviewed, eliminating the many vice presidents and other senior management position. They further recommend that the total employment level of NOCAL be reduced significantly to the bare bone minimum, and that priority for retained employees should be given to technical fields such as geology and engineering, since they are the most needed at this stage of the oil program.The committees outlined several cardinal factors they believe are responsible for NOCAL’s current predicament, among them a huge payroll to accommodate an-over-bloated staff and a plethora of vice presidents and other senior management positions, coupled with an unrealistic corporate social responsibility program.Other areas reported on in the committees’ document showed that NOCAL was carrying on “an overly ambitious local and foreign scholarship program without due attention to priorities as a frontier country; very expensive, very frequent and often very unnecessary foreign travels, donations in millions of US Dollars to government agencies for extra-budgetary expenditure, and general spending spree as if Liberia were an oil-producing country.”The report revealed that the companies which pulled out of their petroleum acreages generally completed their work programs without finding oil, and said the drop in the price of oil also served as a disincentive for the companies to remain in Liberia due to competing demands on their global operational and exploration budgets. “An aggressive and innovative strategy is required to keep the Liberian oil program active,” the committees concluded.In the debate that followed after the presentation, several Senators agreed that NOCAL be audited, especially from the stage when oil blocks were awarded to companies.However, a greater number of Senators refused to buy the recommendations that severance payments be made to individuals considered for such, and that the Ministry of Finance and Development Planning assists NOCAL financially when such demand is made.Others argued that some of those receiving severance benefits were the same ones who led the company to its downfall, and that it would make no sense paying for their administrative ineptitude.Several recommendations were then made and plenary voted to send the report back to the committees for a final report, and that the report be submitted to the leadership of the senate for onward submission to the Executive for action. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Investigation of party continues

first_img When a group of Minnesota Vikings players chose to party amid bartenders and hostesses accustomed to working family functions and company outings, the result was a major uproar. Any criminal charges that come out of complaints about lewd behavior on the boats are likely to be minor, a law-enforcement official directly involved in the investigation said Thursday. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week But as details about the Oct. 6 party emerge, the Vikings reel in a stream of negative national publicity. Team owner Zygi Wilf is expected to talk about the Vikings’ latest headache for the first time this morning. The blowup stems at least in part from the choice to hire the boats and crews from Al & Alma’s, two law-enforcement officials said, speaking on condition of anonymity because of the sensitivity of the case. “Basically, it’s a crime of stupidity,” one of the officials said. “We got naive young kids catering, watching 350-pound athletes’ engaged in lewd conduct, said one of the officials. “There are probably only two or three other cities in the country where this incident would have happened and not made news or generated a complaint. I’m thinking Los Angeles, New York and possibly Chicago. That stuff doesn’t go down well here.” Steelers update Ben Roethlisberger isn’t the Pittsburgh Steelers’ only injury worry with Sunday’s game against Jacksonville approaching. Wide receiver Hines Ward missed practice for a second consecutive day Thursday with a nagging hamstring injury. If Roethlisberger and Ward can’t practice today and neither player has been on the field since Monday night’s 24-22 victory in San Diego it seems unlikely they will play. Most weeks, the Steelers require a player to practice at least once before a game to play, though coach Bill Cowher said he does not have a blanket policy. “It’s case by case,” Cowher said Thursday. “Obviously, if you have somebody who hasn’t practiced all week, you have to take that into account. We are just going to look at all the circumstances and go from there.” Parker hurting Chargers wide receiver Eric Parker was added to the injury report on Thursday with a sore back. However, Parker is listed as probable for Sunday’s game at Oakland. Outside linebacker Steve Foley continues to be listed as questionable with an abdominal injury, but coach Marty Schottenheimer said he did almost everything at practice on Thursday. ACLU sues on fan’s behalf The American Civil Liberties Union in Florida filed a lawsuit Thursday in Tampa on behalf of a Buccaneers season-ticket holder seeking to halt pat-downs at games at Raymond James Stadium, claiming they are a violation of Florida’s Constitution. The pat-downs are part of a league directive issued this season that all fans are patted down above the waist before entering stadiums. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!center_img Strippers flew in for the party. Football players pulled up in limos. As a pair of chartered boats eased onto Lake Minnetonka, booze started flowing and, according to crew members, a sex party began. Investigators now believe that the strippers from Atlanta, Florida and elsewhere who joined the party apparently work for a high-class escort or call girl service that caters to professional athletes, two law-enforcement officials said. The party was a far cry from the typical gathering handled by Al & Alma’s Supper Club and Charter Cruises, a mom-and-pop outfit in Mound, Minn., that one cop involved in the case called a “Perkins on the lake.” last_img read more