NOSPETCO LIQUIDATION PROCESS ON COURSE - NOSPETCO INVESTORS FORUM CHAIRMAN

Comrade Kenny Rowland

Last week (August 6^th 2013), I had a brief discussion with the Chairman, Nospetco Investor forum, Comrade Badejo Kenny Rowland with an executive trustee of the forum, Mr. George Ushie on the way forward for Nospetco investors, the liquidation process and the journey so far in assisting investors recover their invested funds with NOSPETCO Joint Ventures Services Unit.

According to him the liquidation process is still on course though it suffered so many mishaps mainly due to lack of accountability from the former chairman and legal team of the investor forum, the former chairman (Mr. Emmanuel Olorounibe Matiluko) and the former Lawyer for the forum (Mr Debo Adeleke) are accused of deliberately scuttling the efforts of the other team members by constantly putting barriers in the way of resolving the issues with NOSPETCO, Security and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN).

NOSPETCO LIQUIDATION AND REFUND PROCESS

The long awaited Nospetco Oil and Gas Joint venture investment scheme is finally here or so it seems.

I received two text messages from an “EXEC COMITY” of Monday 25^th February and Thursday 28^th February, 2013 for me to submit my details to the liquidators. Please see text messages below

Yours truly was in the Liquidator’s office in Awuse estate, Opebi, last Friday, 1^st March, 2013 but couldn't submit my application because I couldn't find a photocopier within the environment.

The process of submission is very easy all you need are:

1.       Application letter (Hand written or typed stating your request for refund and bank details for refund)

2.       Photocopy of Nospetco receipt

3.       Photocopy of payment teller

4.       Photocopy of application letter for acknowledgement

I would advise you get the requested documents and photocopies ready before you get there so as not to waste time. Applications can be submitted directly or through proxy.

From the text message sent to me, the liquidators are looking at close to 80% refund of initial investment.

Also scanned are photograph taken of the newspaper publication of sometimes in January, 2013 and sample application letter pasted on the board in the liquidators office.

I am going there again tomorrow to submit my application and would try and see if I can get clearer copy of the publication for my esteem visitors.

Please do not bother sending your applications online for now because the 2 e-mail addresses listed in the text messages are not valid. Thank you