EXCLUSIVE: Relations, Community Battle Belemaoil Founder, Jack-Rich Over Alleged Contract Breach, Misappropriation Of Project Funds

Founder and President of Belemaoil Producing Limited, operators of Oil Mining Lease 55, Mr Tein T. S. Jack-Rich, is dealing with a authorized battle from two of his cousins over his alleged failure to pay overdue invoices, wrongfully terminating their contracts with the corporate and unlawful dismissal.

In courtroom paperwork seen by SaharaReporters on Thursday, one of many plaintiffs additionally accused Jack-Rich of failing to pay needed severance allowances as stipulated within the cope with the oil agency.

EXCLUSIVE: Relations, Community Battle Belemaoil Founder, Jack-Rich Over Alleged Contract Breach, Misappropriation Of Project Funds 2

In one of many instances involving Freyada International Limited run by Onengiyeofori Welsh, which is earlier than the Rivers State High Court in Port Harcourt, the state capital, Jack-Rich is accused of refusing to pay the sum of N350,549,744 owed the corporate for offering offshore catering, laundry and housekeeping companies together with provide of toiletries to Belemaoil Producing, J+G Global Gas and Oil Field Limited, Concern Edge Limited and Skarf Limited – all subsidiaries of Belema Group.

According to prime insiders, Jack-Rich and Belemaoil, which has over 300 instances in courtroom and several other petitions with the Department of Petroleum Resources (DPR) and Economic and Financial Crimes Commission (EFCC) on account of his alleged deliberate refusal to pay distributors, has been utilizing varied ways, together with intimidation to frustrate the case within the Rivers courtroom.

The firm is claimed to have on just a few events instructed the courtroom that the matter had been agreed to be settled by each events just for Jack-Rich to show round to suggest curiosity to proceed the case – a method to sluggish the tempo of the matter, based on authorized consultants.

In one other case earlier than the National Industrial Court, Port Harcourt, with go well with no: NICN/PH/18/2021 and instituted by one other of Jack-Rich’s cousins, Ipalibo Welsh Mufaa, the Belemaoil founder was accused of wrongfully dismissing the claimant and refusing to pay all associated entitlements ever since.

In a replica of the go well with seen by SaharaReporters, Mufaa, who was director in command of J+G Global Producing Company Limited, Belema Group Limited, Belema Refinery and Petrochemical Limited, accused his cousin of failing to honour the settlement he signed with him when he lured him away from Chevron Nigeria Limited the place he labored for eight years and had a promising profession forward of him.

According to the claimant, the Belemaoil founder has solely paid N140 million out of the agreed sum of N280 million he might have acquired from Chevron as advantages if he had seen out his employment with the oil large.

Mufaa is asking for the sum of N32,250,000 representing his wage for one month in lieu of 30 days discover and severance pay for 2 months after he was compelled to resign inside 12 hours on May 17, 2020.

SaharaReporters was knowledgeable that efforts by the affected individuals to get their entitlements from Jack-Rich have confirmed tough as he allegedly continues to make use of his huge community of associates in excessive locations to frustrate the case and intimidate them into backing down.

It was additional gathered {that a} senior advocate earlier employed by Belemaoil for one of many instances later pulled out after discovering that the agency and its founder had been insincere of their submissions. 

However, aside from the authorized battle along with his cousins, Jack-Rich, it was found, can also be dealing with one other working tussle along with his dwelling group of Kula in Rivers State over his failure to pay royalties due the city as is the customized in oil-producing areas.

In a letter detailing their displeasure with the insincerity of Belemaoil and its proprietor in relation to its oil exploration actions locally, the Kula Council of Chiefs accused Jack-Rich of utilizing his assets to divide and impoverish his kinsmen.

They accused him of failing to conform to a basic memorandum of understanding to unravel group wants, interference in conventional administration and undermining King Sara stool because the Amayanabo of Kula Kingdom within the scheme of issues.

According to the chiefs, Chevron and Shell, which each operated within the space earlier than Belemaoil, paid N100 million growth and administrative sum yearly and likewise initiated a number of tasks for the good thing about the natives throughout their respective durations of actions in Kula.

The chiefs alleged that Jack-Rich had been taking undue benefit of the truth that he’s an indigene of Kula group to trigger disaster among the many individuals.

“Under your watch, all the gains achieved from your predecessor company Chevron Nigeria Limited and Shell Petroleum Development Company have eroded and the most annoying part is that you have by your activities interfered seriously and taken over the administration of Kula Kingdom.

“Your firm now solely determines who will get what and who owns which territory. This signifies that whoever will not be in your good books can by no means profit from the wealth of Kula Kingdom.

“You also get involved in chieftaincy installations by sponsoring rival candidates to unseat those who are not in good stead with you now and be (sic) in the future.

“These eventualities portend nice hazard and frustrate our mutual co-existence. It is with a heavy coronary heart that we are saying that we can’t proceed to look at you and your organization’s actions trigger communal upheaval and obliterate the frequent patrimony of our individuals.”

The administration of Belemaoil declined to touch upon the matter when contacted by our correspondent.

A spokesperson for the oil agency, Mr Emeka Idika, mentioned they’d not remark because the matter was already in courtroom.

Regarded as one among Nigeria’s wealthiest males in the intervening time, Jack-Rich has not been very removed from scandals over time.

In January 2018, the Ogoni Community Development Network in Rivers State accused him of utilizing a N139 million bribe to divide their individuals in an try and emerge because the operator of OML 11 and start exploration actions within the space.

The cash was alleged to have been paid to 1 Chief Gani Topba by a sure Tobin, who was mentioned to be an aide to the Managing Director of Belemaoil on the time.

In February 2021, Jack-Rich was alleged to be having an adulterous affair with Nollywood actress, Destiny Etiko, with claims that he gifted her a multi-million naira Sports Utility Vehicle.

Both Etiko and the billionaire oil magnate denied the report.

DOCUMENTS: Relations, Community Battle Belemaoil Founder, Jack-Rich Over Alleged Contract Breach, Misapprop… by Sahara Reporters on Scribd

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EXCLUSIVE: Relations, Community Battle Belemaoil Founder, Jack-Rich Over Alleged Contract Breach, Misappropriation Of Project Funds

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