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Roxybinks
OH WOW!! Meet The Nigerian Man, Dr Olufemi Lalude That Rejected $6 Million Bribe
~1.5 mins read


A Nigerian man, Dr Olufemi Lalude who was the first Managing Director of Shell Nigeria Exploration and Production Company (SNEPCO) was the man of integrity that rejected $6 Million bribe.

Lalude has however been honoured by the Akinjide Adeosun Foundation (AAF).
The Foundation on Wednesday conferred on Dr. Lalude its 2020 Leadership Award, during the AAF 5th annual colloquium with the theme;
“Integrity – A Sine Qua Non to Building a Prosperous Nation’’.
Speaking at the event which held virtually, Mr Akinjide Adeosun, AAF’s Founder and Chief Executive Officer of St. Rachael’s Pharmaceutical Nigeria Ltd., said the recognition of Lalude was is in line with the core mandate of the foundation.
The core mandate is based on the belief that life would be good for everyone if the nation gets leadership right in all spheres.
Integrity is an essential building block to building a prosperous nation. Truthfulness, honesty, respect for people, hard work and humility are traits of Integrity”.

In his words:-

“Many years ago, our awardee, Papa Olufemi Lalude, the first managing director of the Shell Nigeria Exploration & production Company SNEPCO was offered a bribe of 6 million dollars.
“The organisation that offered him the bribe moved against him. However, he refused to be cowed and stood his ground.
“He was sued with his employer but he triumphed. Lalude is a man of integrity, a rarity in our clime dwarfed by corruption and greed.
“Today, Papa at 81 is living a peaceful, joyous and fulfilled contented life. We are celebrating him today. He began his career with integrity as his legacy in mind.
“We have many good people in Nigeria. We must celebrate them to dwarf the bad publicity the few bad people is giving our nation.” He added.
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Roxybinks
Buhari Shuts Down Four Oil Refineries In Nigeria (Read Full Details)
~1.1 mins read

The four oil refineries in the country located in Port Harcourt, Warri and Kaduna have been shut down by President Buhari.

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, revealed this on Channels Television’s Politics Today programme on Wednesday.
Responding to a question, the NNPC boss said,
“First, all the four refineries in three locations are shut down and it was a deliberate decision for two reasons. One is that delivery of crude oil to these refineries is completely challenged because the pipeline network has been completely compromised by vandals and all kinds of people that will not allow us to operate these pipelines.
“That means you are not able to deliver crude oil to these refineries effectively to their maximum capacity. Secondly, what you call rehabilitation is different from the turn around maintenance. Turnaround is routine which every refinery does but when you talk about rehabilitation, it is that colossal loss of capacity in the refinery and it means you haven’t done the turnaround maintenance properly.
“Typically, every refinery is expected to operate at 90 per cent of its installed capacity. With the best of effort, with all the turnaround maintenance that has taken place, it is impossible to run any of the refineries before the shutdown at that level. Our estimate was to run it at 60 per cent of capacity but if you do that, all you are doing is value destruction. You will take $100 crude into the refinery and bring out $70 product. It doesn’t make sense.”
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