Thread by @OfficialNYPF

#DidYouKnow; Thousands of young Nigerians were not employed in line with local content laws in the 3.8Billion Dollars Egina FPSO Project.
Corruption by Foreign Contractors Keeps Young Nigerians Unemployed.
#EndJobsExportNg
#EndSamsungExploitation

We are all set for the presentation conference in collaboration with @Connected_dev on the 3.8Billion Dollars Egina FPSO and how corruption by foreign contractors keeps young Nigerians unemployed; the Samsung Heavy Industries case.
#EndSamsungExpliotation
#EndJobsExportNg

June 2013, NNPC/Total awarded the contract for the EPC to build $3.8Billion Egina FPSO to Samsung Heavy Industries despite the fact that Hyundai Heavy Industries was recommended by Total for the project and was lowest bidder~@MosesSiasia
#EndSamsungExpliotation
#EndJobsExportNg

Since the award of the contract to Samsung, the company has collected hundreds of millions of variations of 20% of Contract value, with no local content in it. Their attempt to advocate for a new variation will be stopped
#EndSamsungExpliotation
#EndJobsExportNg

Samsung uses contract manipulation and advanced form of bribery which has caused an increase in youth unemployment and led to massive capital flight with thousands of jobs created for young South Koreans with Nigerian resources.

#EndSamsungExpliotation
#EndJobsExportNg

Colossal attempt by foreign companies with the intent to instigate massive corruption and further undermine existing local content laws in Nigeria    

#EndSamsungExpliotation
#EndJobsExportNg

Investigations by several govt agencies like @officialEFCC, DSS & @nassnigeria with an attempt to unravel the manner Samsung was able to win the contract but the findings have not been published, but it is believed that Samsung paid bribes in the region of $50m
#EndJobsExportNg

Some of these companies have mastered the act of bypassing due process, ignoring existing local content law and disregarding national interest for their corporate gains, which amounts to sabotage of the national economy~@MosesSiasia

#EndSamsungExpliotation
#EndJobsExportNg

It is our considered opinion that this contract award to Samsung is highly irregular and must be thoroughly investigated to avoid a replay of a scenario similar to Halliburton bribery scandal

#EndSamsungExpliotation
#EndJobsExportNg

Oil companies are now planning an additional 5 FPSOs for Nigeria and that Samsung Heavy Industries has clearly used its bribes in the Egina project to minimize its use of local content.

#EndSamsungExpliotation
#EndJobsExportNg

Samsung has succeeded in diverting 100s of millions of $ in variations to SouthKorea. We challenge @MBuhari led govt to make an example by sending them out of 🇳🇬, banned them from participating in future projects as a deterrent to others
#EndSamsungExpliotation
#EndJobsExportNg

Foreign companies should not be allowed to take advantage of Nigeria, divert fund, inflate contracts & bribe officials to the detriment of young Nigerians who are denied jobs and basic means of livelihood

#EndSamsungExpliotation

#EndJobsExportNg

Concerned youth groups have called for an investigation into a $3.8 billion (N1.36 trillion) oil field project Read more: naija.ng/1186965-youth-…

$3.8billion Total Egina FPSO Project: Thousands of jobs lost, while we used Nigerian resources to create jobs for young South Koreans - Samsung Heavy Industries case.
Young 🇳🇬s should rise up & say NO to job export and Capital Flight in the Oil & Gas Industry.
#EndJobsExportNg