OGFZA orders 10yr compliance audit of Intels’ operations

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The Oil and Gas Free Zones Authority (OGFZA) has ordered a comprehensive compliance audit of the operations of Intels Nigeria Limited, a licensee of the OGFZA, from 2006 to 2016, Leadership reports.

OGFZA said it appointed a team of auditors to carry out the compliance audit of Intels, which is also a concessionaire of the Nigerian Ports Authority (NPA), because of the company’s serial violation of the laws and regulations governing operations in the free zone, as well as its refusal to submit for inspection its records, warehouses and equipment imported under the zero duty regime of the free zone in compliance with the OGFZA Act.

But in a swift reaction, the management of Intels Nigeria Limited (INL) threatened legal action against the Managing Director of OGFZA, Umana Okon Umana, for levelling “false and malicious allegations” against the company and its management. Noting that the allegations are injurious to the business interests as well as reputation of INL, the company said it is compiling the losses being suffered by the organisation due to Umana’s actions, both in his official and private capacity.