“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


first_imgTHEY are dresses which look as if they came out of a top London fashion house – but they are made entirely from trash!Four fourth year students from Loreto Community School Milford, Ciara Haley, Kate Haley, Seania Strain and Eilis Mc Clay have made it through to the regional finals of the recycled fashion competition ‘Junk Kouture’.And this is what they have come up with. They have designed two dresses called ‘The Fame Game’ and ‘No Glitz Just Glam’. They have been working on the dresses since September and have really pulled it out of the bag this year in terms of design. Both dresses are made out of 100% recycled materials. ‘The Fame Game’ is made out of old computer and television wires. It’s a dark, edgy, modern design. ‘No Glitz Just Glam’ is made out of foam packaging waste. It is the opposite a beautiful, white, glamorous, delicate design.Now the girls desperately need your help to reach the finals. An online vote will take place from now until midnight on Friday the 1st March. Everyone can vote once per day by going to www.junkkouture.com and using their email address. Make sure you click vote on either:‘No Glitz just Glam’ – http://www.junkkouture.com/index.php?name=seania16Or ‘The Fame Game’ – http://www.junkkouture.com/index.php?name=ciarahaleyAny votes are greatly appreciated. Don’t forget you can vote everyday. Support Donegal’s young fashion designers and GET VOTING!Gladiator Girl!!!This junk kouture bad-boy is the best a bad girl can be! Inspired by the ancient Roman gladiators! Inspired by Russell Crowe’s Gladiator performance! And inspired by a gorgeous Mad Max Mel Gibson!Inspired by men… but only to show the world the power and beauty of a modern seductress gladiator. The materials used in creation this battledress come from all around the house, from garages and sheds, from the everyday world where we all live and where this kind of exquisite female strength and beauty is hidden. The ingredients include heavy duty plastic used for laying the roads; old leather belts and bags; long-forgotten jewellery and watches that stopped before most of us were even born; bits of old farm machinery, and a creative college of screws and bolts, of feathers, of foam wire and mesh!We wanted to focus on the old-fashioned man’s world to find our inspiration. And we have created the perfect female battle armour. Beautiful to look at, with incredible strength, created from almost nothing. And how did we add spice to our ingredients? We threw in a dash of Versace’s spring collection 2013 which features a dress that is strong, bold and entices woman to unleash their warrior!This Junk Kouture creation was inspired by Alice in Wonderland’s magical world of our childhood adventures. Under the duvet Alice in Wonderland’s magical universe was painted in magical colours in all our little heads. And Tim Burton took these magical images from our consciousness and created a cinematic masterpiece of images and colour.Creating a magical reality from the world of childhood’s imagination was the spark that ignited the desire to make my dreams come to artistic life. This kind of styles is what drove us into the creativity of Tim Burton’s Alice. The sleeves have too many bows to make sense, and their colours clash and merge and try to outdo each other. And the rainbow ruffle is even bigger and better, even more magical. The zips hold the dress together, suggesting safety… but this safety is only a stepping stone into the deeper world of fashionagination. The modern-art-splattered colours across the bodice into the universe of a teenage child’s world of junk kouture fashionCAN YOU BELIEVE THESE DRESSES WERE MADE FROM JUNK? was last modified: February 27th, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:CAN YOU BELIEVE THESE DRESSES WERE MADE FROM JUNK?Junk KoutureLoreto Milfordlast_img read more