All is not well at Ocean Marine Solutions OMSL as the directors are at loggerheads with the Chairman of the board, Capt. Hosa Okunbo over his inability to account for 18 Million Dollars recently received as payment for services rendered to the Nigeria National Petroleum Corporation NNPC.
A source within the company informed us that the directors were aghast when they recently found out that the said payment was made to OMSL and was spent by the Chairman without their knowledge.
We were further informed that in the ensuing board meeting to clear the air, the Chairman said he spent the money bribing people in the Presidency and the National Assembly, through the offices of the Senate President and the Speaker of the House of Representatives, the Nigeria Police and the DSS.
We also learnt the directors in disbelief insisted that laid down procedures meant they should have been informed of this so called bribe payments considering the amount involved.
The source who requested anonymity for fear of reprisal informed us that heads will roll inside the company because of how easy it was for the Chairman to access such huge amounts without the knowledge and approval of the other directors which according to the source amounts to either a failure of internal control or connivance by some key members of staff with the Chairman.
Asked what will now happen since the other directors are not satisfied with the Chairman’s explanation, our source said “I will not be surprised if the other directors gang up to make him a non-executive Chairman and put measures to tighten internal controls as this is surely a wake up signal for them”
It will be recalled that OMSL has been in the news lately after the Secured Anchorage Area SAA they operate for incoming vessels into the Nigeria waters was recently cancelled by the management of the Nigeria Ports Authority with the support of the Transportation Minister, Hon. Rotimi Amaechi resulting in a petition of threat to life against Capt. Hosa Okunbo by the MD of the Nigeria Ports Authority, Hadiza Bala Usman after an encounter with him during the Senate hearing on the matter.

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