PETROPLUS - NIGERIA - letter to Ministry of Petroleum Resources as well as NNPC Nigerian National Petrol Corporation

Federal Ministry of Petroleum Resources

Minister HE Deziani ALISON-MADUEKE
1st and 2nd Floor Main Building Federal Secretariat
Shehu Shagari Way

Abuja

Nigeria

Ibadan, January 28, 2012
 

Proposition to NNPC as to solve Nigeria’s lack of Downstream facilities

Dear sirs

We would like to discuss the following topics with you. 
Downstream facilities - refineries
1) No impact on governmental cash at hand
Refinancing of the acitivities by menas Nigerian country’s cash at hand will not be impacted.

The mechanism applicable will be explained by us at length. We are prepared to provide full transparency.

2) Unlimited transfer of knowledge into Nigerian population
How to bring unlimited knowledge, know-how, experience and science to Nigeria to be handed down.

This simply can be done by an item describing compulsory down handing. 

3) Training on the jobs to become professionals
Creation of jobs - training on the job of Nigerian youth (e.g. 19 to 30 year)
It is a must that youths will be taken from the street to get adequate training on the jobs while building and construction is going on.

The idea is that those people are able to build similar installations, houses and other infrastructur on their own. They will be employed only when a project has been kicked off. Thus the staff will never sit around idle. As soon as there is a project where their skills are needed, they are contacted to sign contracts to participate in the activity

4) Fully fledged and educated coaches to for education of Nigerian youths

4.1) Enterprises brought in for the benefit of all stakeholders

Bring in Enterprises supporting construction by having fully educated coaches - operational employees of all companies - becoming acitiv in Nigeria.
For each activity a Nigerian based company must be established. Nigerians will participate with at least 51% up to a negotiable  percentage. Such firms will be Joint venture set up as fully fledged Nigerian shareholder companies.
 
4.2) Everybody becomes shareholder
It is the idea that all workers, employees as well as managers, coaches and the sort are going to become shareholders. Thus the interest to show face every morning for eight hours daily five days in a week is eminent. Conditions similar to Swiss Conditions such as insurance, holiday and others to be defined.

4.3) Employees to speak up at yearly shareholder meetings
As shareholders the employees/workers/managers are intitled to attend the shareholders meeting with all its dos and donts. They will chose the board of directors and also approve the balance sheet as well as the profit and loss statement. 

5) Downstream facilities - high ways - real estate
Right now in Switzerland there is Petroplus, a state of the art Downstream facility runner. Petroplus has roughly five Refineries all over former western Europe. 

Petroplus has employees which possess knowledge, know-how, longterm experience and the necessary science. For the time being Petroplus is in deep trouble. They had to shut down already three of their plants, the fourth one in the UK to follow.
 

5.1 Petroplus being choked ruthless greedy bankers

Petroplus is not able to run their plants anymore because a consortium of more than ten banks have cancelled the credit facility of USD 1 Billion (USD 1’000’000’000). Given the huge amount those bankers have spoilt in the past few years, USD 1 Billion is just a flicker in  a hooker’s eyecorner. Some members of the aforesaid consortium were even against the cancellation but they got overwhelmed by the more powered ones. (e.g. Deutsche Bank)

5.2 Petroplus grounded for well known by the insiders but unknown for the public reasons
It is our opinion that Petroplus is being grounded so that someone already defined will be able to acquire all or parts of Petroplus plants. Right now Petroplus has filed the balance sheet of the Swiss Petroplus Refinery Cressier. The latters workers are sitting at home having a rather dull future ahead.

6) Rescue campaign as to save Petroplus later needed for building up refinery facility in Nigeria partly kicked off in Switzerland already
The following measures to be taken we have proposed to different groups of interest.

a) Swiss labour union UNIA picks up negociation with politicians
In the same time Swiss workers union UNA is picking up discussion with Swiss parliament (Swiss Nationalrat and Ständerat) thus sort of begging those politicians as well as the executive administration (composed of seven counsellors (Bundesräte primus inter pares system) to support the downstream activity in Cressier meaning saving plant as well as jobs, the workers and employees are to buy the shares of Petroplus trading at CHF 0.30 at present times.

b) Petroplus employees given advice as to buy their own company.
There are roughly 2500 employees in the ranks of Petroplus throughout Europe. It is a mere big figure game. A lot of people buying a small portion of shares will result in a heap of shares thus votes and voting power.
C) Local government ready to fight for Petroplus Refinery at Cressier
The government of the State of Neuchâtel (Kanton Neuenburg) - comparable to Nigerian States  has announced to fight the sinking of the refining plant in Cressier.

This can be done in the first place by stopping all the board’s sales activity by a super provisionary-like spell by Swiss courts.

Some figures - sad story caused by members of the board
a) Petroplus was trading at CHFf 120 on July 13, 2007. Because of the board’s mismanagement - mainly the decision taken to run without upstream stakes - the share price gradually went down to some CHF 3.00 to CHF 4.00 before Christmas 2011.

b) Upon the board of directors’ announcement of the cancellation of the credit facility Petroplus’ share price dipped to some CHF 1.70 to CHF 1.40.

c) The other day the trading was suspended in the midst of the trading day. The board announced that they will deposit Raffinerie Cressier’s balance sheet with the administration as to liquidate the aforesaid.

d) Right now Petroplus’ board is propping up the bride for the planned marriage.

e) Due to the worldwide economical conditions the market for refineries as well as other plants is difficult, even actually sort of closed down for lack of interest. (Interest may be risen by eastern countries - Aserbeidschan - lacking downstream facilities)

g) Nigeria - proposed strategy to establish infrastructure (focus refinery facility in the first place) 

Suggested procedure for the takeover of the board
1) Buy Petroplus shares - total market value CHF 25 to CHF 30 Million
[the whole Outfit can be bought for lousy CHF 30 Million in other terms NGN 45 Trillion (NGN 45’000’000’000). At a share price of CHF 1.40 five days ago the entire company had a total market value of CHF 140 Million (CHF 140’000’000)]

2) 2500 workers/employees, middle management to buy Petroplus
2500 employees buying shares for CHF 1500 each buy shares for CHF 7’250’000 representing some 25% of the shareholder capital.

3) Teaming up with further stakeholder to become e.g. Nigeria and its citizens
Teaming up with other shareholders (Nigerians) they will be able to stop the board of directors from any negative activity. Those board members even are to be replaced by real professionals.

4) Have elect at least three appointees to join the board of directors
Having up to three members sitting on the board the general meeting is able to take the necessary steps for the betterment of Petroplus Switzerland as well as Nigeria’s development of the domestic economy focused on refinery infrastructure.

5) Nigeria's UPSTREAM to meet Petroplus DOWNSTREAM - a perfect match
GOAL: Petroplus lacking Upstream facility teams up with Nigeria lacking Downstream facility. A perfect match.

5.1) Finance derived from numereous Nigerian population
First step: the money lacking because of the credit facility’s cancelling will be furnished by a Nigerian company to be found on Nigerian soil.

5.2) Fundraising - citizens to become fully fledged shareholders
The necessary funds are to be raised by a secondary offering of shares to all people of Nigeria. Every one can participate by investing a small amount. E.g. NGN 1500 each. (150’000’000 Nigerian buying shares of the Nigerian Company raise funds amounting for some NGN 225 Trillion (NGN 225’000’000’000)

5.3) Procedure to achieve the goals available for free - projects to be coached by us
Proposal for effecting the aforesaid are available with us for free. No contract wanted, no cost arising at governmental expense. The needs are going to be discussed on a more detailed way at the meeting.

6) Strategy and support available for free. 
Our goal is to support the development of Nigeria’s infrastructure thus its people.

We are looking forward to your affirmative answer.

 
Very truly yours,




Also read
Petroplus the Story
http://thomasramseyervolkart.blogspot.com/2012/01/petroplus-blogs-cluster-der-postschwarm.html 

copyright thomas ramseyer

BSc BA GSBA
0041 44 850 11 05
0041 79 636 64 52
Profile XING.com
Profile Linked-In
Twitter
Profile Facebook