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Nigerian Ex-General Takes on Former Partner That Won $11 Billion Award

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(Bloomberg) — A firm owned by a billionaire former Nigerian defense minister is suing an ex-business partner that’s at the center of a high-stakes London trial over an $11 billion arbitration award, previously unreported court documents show.

A UK tribunal ordered Nigeria’s government in 2017 to pay Process and Industrial Development Ltd $6.6 billion in damages after a gas-supply deal soured, and the amount has ballooned with interest. Theophilius Danjuma’s Tita-Kuru Petrochemicals Ltd. brought its own arbitration claim against P&ID in London in 2020, alleging that its designs had been “unlawfully misappropriated” to secure the gas contract, Nigeria said in a filing to a UK court in February.

“P&ID firmly denies that it unlawfully misappropriated anything from Tita-Kuru,” the company’s majority shareholder, Seamus Andrew, said by email, declining to comment further on the arbitration because the proceedings are confidential. A spokesman for Danjuma declined to comment.

Read more: Behind the Multibillion-Dollar Legal Award Nigeria Calls a Sham

Danjuma, 83, amassed a fortune after retiring from the army as a senior general in the late 1970s and going into business. He founded South Atlantic Petroleum Ltd., which holds a 15% interest in two oil fields that produce about 200,000 barrels of crude a day. Danjuma also served as Nigeria’s defense minister from 1999 to 2003.

Tita-Kuru and British Virgin Islands-registered P&ID worked together from 2006 on an unsuccessful project to build a gas-processing plant. Danjuma’s firm claimed in a 2019 letter sent to Nigeria’s anti-corruption agency that P&ID presented work that cost Tita-Kuru $40 million to win its deal with the government. Nigeria repeated that argument in July to a UK court, where it seeks to overturn the multibillion-dollar arbitration award that P&ID won five years ago.

President Muhammadu Buhari’s administration is now preparing for a London trial in January, during which it will try and prove that P&ID secured the gas-supply contract and arbitration award through bribes and lies.

No Wrongdoing

P&ID denies all allegations of wrongdoing and accuses the government of evading its legal obligation to pay it compensation.

While P&ID was entitled to use the design work paid for by Tita-Kuru for the facility it intended to build under the contract with the state, most of the plans ultimately were “not required,” the company said in its response to the government’s allegations in September.

Nigeria’s Attorney General Abubakar Malami said in a witness statement in June 2020 that an earlier settlement struck between Tita-Kuru and P&ID “may have involved” the ex-minister “receiving the right to some form of equity stake” in P&ID and therefore an interest in the company enforcing the award.

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Elon Musk fired Twitter’s head of sales after she refused to sack more employees

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He had previously begged her not to resign

  • Elon Musk sacked Twitter exec Robin Wheeler after she refused to fire more staff, sources said.
  • Wheeler was sacked despite Musk persuading her to stay after she tried to resign, per Bloomberg.
  • Some Twitter sales staff found out over the weekend and on Monday they were fired, per Platformer.

Elon Musk fired a top Twitter executive after she refused to sack more employees in the ad sales team, according to two people familiar with the matter who spoke to Insider.

Robin Wheeler, Twitter’s global head of advertising sales, handed in her resignation on Thursday 10, but Musk persuaded her to stay in the job, the sources told Insider’s Lara O’Reilly, and as Bloomberg earlier reported.

One week later, the billionaire changed his mind. Two sources said Wheeler was fired on Friday after she refused to cut the headcount of Twitter’s ad sales team — a department that was already depleted.

Wheeler, whose Twitter bio now says “proud Ex-Twitter Sales Exec,” tweeted on Friday in the past tense, saying: “To the team and my clients….you were always my first and only priority.” She concluded the tweet with a salute emoji, a sign that has recently become symbolic for Twitter employees leaving the company amid layoffs and firings.

Platformer’s Casey Newton reported that some Twitter staff in the sales team found out over the weekend and on Monday that they had been sacked after they couldn’t access Twitter’s systems.

This came after Musk sent an email to employees about his expectations for building “Twitter 2.0.” If staff didn’t sign up for “the new Twitter” by Thursday 5 p.m., they would receive three months of severance, Musk wrote in the email.

Twitter and Wheeler didn’t immediately respond to Insider’s requests for comment made outside of normal US operating hours on Tuesday.

Wheeler joined Twitter in 2012 as a senior director of sales, which involved managing relationships with some of the company’s biggest clients such as Coca-Cola, Google, and Microsoft, according to her LinkedIn page. She became the head of ad sales in April this year.

Chris Riedy, Twitter’s former vice president of the Europe, Middle East, and Africa region, replaced Wheeler at the weekend, per multiple Insider sources.

Read the original article on Business Insider

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Workforce Management Values: Digitization and Changing Nature of Work

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The inception of Technology has resulted in advancement of existing protocols across all facets of life and work is an aspect that cannot be overemphasized. There have been a massive improvement in work outputs in different category of business, large or small-scale industry.

It is imperative not only we adopted this new norm but to ensure we’re in the know of understand  how it can be implemented in our existing working procedures.

The process of Digitalization highlight extensively  the transformation of analog to  digital informations. resulting to change in processes, how information is been disseminated, and go beyond more than just making existing data digital, it embraces the ability of digital technology in data collection, the establishment of new trends, and enhances better business decisions.

The changing nature of work is being influenced by two determinants: The growing adoption of artificial intelligence in the workplace, and the expansion of the workforce that entails both on- and off-balance-sheet talent, skills that are relatable to new working procedures influenced by the inception of digitization in the workplace.

Digitalization and globalization have sparked radical shifts in our attitudinal response to life and work.

The integration of automation enables workers to focus more on important tasks like problem solving, product designing, and data interpretation. In the future, employers will seek out candidates that can continuously learn and develop new skills that are related to digitization.

The integration of Automation into the workplace is not only changing the nature of work but also influencing existing working procedures.

The impact of digitalization and automation has resulted in a skill mismatch in employment, this is due to the advances in robotics, artificial intelligence, and other relatable digital technologies. This have also impacted the future of vocational education and training especially in the areas of gig work or remote ICT-based work. Bringing artificial intelligence into our work ecosystem is a prime example of the power of digital transformation. AI-powered chatbots that respond to simple customer inquiries serve as a welcoming presence on your website, reducing the time customers spend while engaging an agent. It’s about technology, data processing, and organizational change in terms of the workforce which definitely will be a drastic change in the number of workers, and people who are skilled in the application of digitalization.

The impact of digitisation  on changing nature of  work  with regards to  productivity   can’t be overemphasied but it appears that some   business can still be deterred by two underlying factors in which the  working modalities digitisation tends to  improvised due to  financial incapacity of some businesses particularly those situated in  deep remote areas where internet connectivity is inaccessible.

These two underlying factors highlighted if not resolved will deter the application of Digitization in working procedures, because the cost implications coupled with maintenance costs. There’s always an opportunity for collaborating  in this digital era, small-scale businesses and startups should understand how it will create viability and visibility for their enterprise. On the part of the large-scale businesses and investors, adoption of digital tools in their workplace ecosystem might be easier because of the level of operation which is quite different from  other category of businesses which are affected by these two factors.

♦ Babatunde Adekanmbi is an experienced media communicator and Digital Creator with a demonstrated history of working in the civic and social organization industry. Contacts: Email babatundeadekanmbi@gmail.com; WhatsApp +2348096570499 , Call+2348096570499

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Wazobia is not just a food Market, “It’s a movement” —Tunde Fasina

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Wazobia African Market is trending. “It’s more than a grocery store. To me, it’s a movement. A movement for quality food; a movement for lower prices; a movement for community support and empowerment; and a movement to feed the masses,” said Mr. Tunde Fasina, the owner of the Wazobia chain.

One location is on 6203 Westheimer Road – sitting between State Highway 6 (SH 6) and Farm to Market Road 1464 (FM 1464). There is another one on 10828C Beechnut Street sitting right by Wilcrest. Yet all the Wazobia stores have a variety of things in common. The aisles are always braced against a lively throng of vibrant colors of assorted provisions and groceries. In addition, there is also the Wazobia African kitchen. It is a compartment where food is prepared and served to customers to eat or take out. The aroma of inviting freshly cooked food could be perceived from afar.

The stores are always busy. A justification of a loaded inventory of both wholesale and retail household foodstuff. A trip to the Westheimer branch confirmed the obvious. Customers can be seen pushing and shoving as they squeeze past one another trying to check out bargains. Then there is this long line in the eatery area. They are customers from all over waiting to pick up orders.

Over the years, the Wazobia African Market has remained the fastest growing and leading African Grocery store in the City of Houston. It was established on June 18, 2013, to encourage economic development and community building, and to provide authentic products from all African cultures. All Wazobia locations offer Authentic African products and affordable quality food that are often hard to find.

To the greater Houston, especially the African community, Wazobia represents more than just a successful food business. For example, on April 27th, 2019 when the Beechnut location was inaugurated, Houston’s Mayor, Sylvester Turner commended Mr. Fasina for his contributions and phenomenal support to the African community, especially in his role in assisting families impacted by Hurricane Harvey.

Tunde Fasina…. He told the Texas International Guardian News that his community and humanitarian activities are consistent with his organizational mission.

But Wazobia has been consistent with community support. For instance, during the City’s Hurricane Harvey recovery efforts, Wazobia provided free meals to over 200 families. Wazobia has also sponsored major events in the African community, including AfriFEST, Africa Fashion Week Houston, IgboFest, and the Nigeria Cultural Parade held in Downtown Houston. Furthermore, Wazobia is a committed sponsor for Africa Day held annually at City Hall.

By Fall 2019, the food entity officially incorporated a Scholarship program to benefit outstanding academically sound high school students on a need basis in the African community. Mr. Fasina told the Texas International Guardian News that his community and humanitarian activities are consistent with his organizational mission. “Of course, the aim of every business is to make a profit but we are a community-oriented business with a covenant to prioritize family welfare,” noted Mr. Fasina.

“Of course, the aim of every business is to make a profit but we are a community-oriented business with a covenant to prioritize family welfare”

Mr. Fasina continued,  “You may have also heard about our annual Customer Appreciation event which attracts thousands of Houstonians.  This is a family and community fun-filled event organized to appreciate Houston families, friends, and customers with tangible recreational events and prizes. We float free food, drinks, games, and a raffle draw. Besides big item prizes, there are various opportunities where participants or guests win big cash rewards.”

Again, Mr. Fasina noted, “This is just to say thank you Houston for being a part of our family. We strategically created this annual event to further appreciate our esteemed Houston and African family, friends, and especially our customers who troop in and out of our stores to shop.

This year for instance, on Saturday, June 18th, 2022, Wazobia celebrated this event and gave out a grand prize of one year’s worth of free groceries.

Mr. Fasina was right about the Customer Appreciation event. This year for instance, on Saturday, June 18th, 2022, Wazobia celebrated this event and gave out a grand prize of one year’s worth of free groceries. Last year, one Nkechi Igboekwu emerged as the first prize winner of a Hyundai Sonata at the same event.

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