NAIJA INVESTMENTS: June 2014

COMMUNIQUE ON THE RESOLUTION OF THE BOARD OF DIRECTORS AND MANAGEMENT OF BSM INT’NAL PETROLEUM REFINERY & PETROCHEMICALS LIMITED ON THE DEMOLITION OF BSM PETROLEUM REFINERY HELIPORT COMPLEX, GUSAU ZAMFARA STATE, NIGERIA.

DATED 11^TH DAY OF JUNE, 2014

THE MANAGEMENT AND BOARD OF DIRECTORS OF BSM INT’NAL PETROLEUM REFINERY & PETROCHEMICALS LIMITED CONSORTIUM RESOLVED TO HOST A WORLD PRESS CONFERENCE FOLLOWING THE FAILURE AND RECALCITRANT POSTURE OF THE FEDERAL GOVERNMENT OF NIGERIA AND THE ZAMFARA STATE GOVERNOR HIS EXCELLENCY ABDULAZIZ ABUABAKAR YARI WHO ORDERED THE LOOTING AND TOTAL DESTRUCTION OF BSM PETROLEUM REFINERY HELIPORT COMPLEX NEXT TO THE NNPC DEPOT GUSAU AND BSM CONSORTIUM HEAD OFFICE COMPLEX IN GUSAU, ZAMFARA STATE BY UNKNOWN ARMED STATE SPONSORED MILITIA WITHOUT NOTICE TO MANAGEMENT.

PURSUANT TO THE LETTERS OF NOTIFICATION AND DEMAND FOR COMPENSATION addressed to the under listed: (acknowledged copies attached)

HIS EXCELLENCY DR. GOODLUCK EBELE JONATHAN (GCFR) President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria

Ref: BSMCONSORTIUM/ZASG/PRESIDENCY/001B dated 14^thFebruary, 2014

1. His Excellency, Alhaji Abdulaziz A.Yari Governor of Zamfara State.

2. His Excellency Dr. David Mark (GCON) Senate President and all Distinguished Members of the Senate of the Federal Republic of Nigeria;

3. Rt. Hon. Dr. Aminu Waziri Tambuwal (CFR) Rt. Hon. Speaker and all Honourable Members of the House of Representatives of Nigeria.

4. Hon. Minister of Finance and Coordinating Minister for the Economy;

5. Hon. Minister of Trade & Investments, Federal Republic of Nigeria;

6. His Excellency, Dr Dalhatu Sarki Tafida (OFR, CFR) Nigerian High Commissioner to the United Kingdom

validated by the Oath of a SWORN AFFIDAVIT by the Chairman Board of Directors OTUNBA LATEEF LAI OGUNGBADERO at the HIGH COURT OF JUSTICE IN THE FEDERAL CAPITAL TERRITORY ABUJA (Ref: 613-6133) dated 8^th October 2013 demanding redress for the abuse done to Messrs. BSM INT’NAL PETROLEUM REFINERY & PETROCHEMICALS LIMITED CONSORTIUM by Zamfara state Government of Nigeria to which no REJOINDER was communicated or Funds Remitted.

The undersigned on behalf of BSM Consortium hereby use this medium to channel our grievances to the World Leaders, International Business Community and Friends of Nigeria, to as a matter of urgency unite against this impious, self serving and politically motivated act of INJUSTICE.

Consequently, we advise the Federal Government of Nigeria to save Nigeria the embarrassment associated with a global outcry from an International disposition to which the forthcoming World Press Conference Tagged “UNVEILING THE POTENTIAL CHALLENGES AND RISKS OF INVESTING IN NIGERIA – THE BSM EXPERIENCE IN ZAMFARA STATE” seeks to depict.

We enjoin all our Sympathizers in Nigeria and Zamfara State in particular to remain resolute in condemning the gross act of political impunity and economic sabotage of our leaders evident in the malicious destruction of BSM Petroleum Refinery Heliport Complex next to the NNPC Depot Gusau and BSM Consortium Head Office Complex in Gusau, Zamfara State which has since deprived staff of numerous training opportunities thereby rendering them unemployed. Whilst thanking all our Partners across the globe for their immense support, patience and understanding at these difficult times.

The World Press Conference is to admonish the minds of International corporate organizations and potential investors in Nigeria to be guided without prejudice by the dilemma of BSM INT’NAL PETROLEUM REFINERY & PETROCHEMICALS LIMITED - an indigenous company with affiliations to Global Multinationals which facilitated economically viable initiatives and Integrated solutions; tackling the deficit issues bedeviling the Northern region in 2009 under the purposeful leadership of the then Executive Governor of Zamfara State His Excellency ALHAJI MAHMUDA ALIYU SHINKAFI (DALLATUN ZAMFARA) who on behalf of Zamfara State Government of Nigeria executed a Memorandum of Understanding/Agreement. This was duly ratified by the Zamfara State House of Assembly and Zamfara State Executive Council. Consequently, this project was launched in a Ground Breaking Ceremony attended by His Excellency himself.

The Infrastructural Development and Economic Emancipation Initiative of BSM Consortium was intercepted and brought to an abrupt end by some selfish and unscrupulous miscreants who by way of ethnic, religious and political divides launched various attacks on the Chairman Board of Directors OTUNBA LATEEF LAI OGUNGBADERO ranging from failed kidnap to assassination attempts. These dastardly acts were ordered by the incumbent Executive Governor, in collaboration with Leaders who claim dominance to the region of the country, deciding who invests in it regardless of Due Process, good Practice of international standard, Morals and the provisions of the Federal Republic of Nigeria Constitution.

In conclusion, we wish to emphasize unequivocally that we are nonpolitical and operate across regions without prejudice to any association or institution. Therefore, the proposed World Press Conference is not intended to jeopardize the concerted efforts of this administration in encouraging Foreign Direct Investments in Nigeria. Rather, it is intended to serve as a caveat to investors by showcasing the inherent danger associated with investments of this nature in a country where the Government lack the concomitant protection for investors.

It is our hope that the government will look beyond International road shows, long speeches, warm handshakes etc. and have a RETHINK in the forthcoming World Press Conference.

THANK YOU AND GOD BLESS YOU ALL!!!

FOR AND ON BEHALF OF

BSM INT’NAL PETROLEUM REFINERY & PETROCHEMICALS LIMITED CONSORTIUM

SIGNED

OTUNBA LATEEF LAI OGUNGBADERO CHARLES GEORGE NAPPER

CHAIRMAN BOARD OF DIRECTORS GROUP FINANCIAL DIRECTOR

NAIJA INVESTMENTS

Thursday, June 19, 2014

COMMISSIONING OF BSM INT'NAL PETROLEUM REFINERY & PETROCHEMICALS LIMITED ZAMFARA STATE, NIGERIA

Thursday, June 12, 2014

COMMUNIQUE ON THE RESOLUTION OF THE BOARD OF DIRECTORS AND MANAGEMENT OF BSM INT’NAL PETROLEUM REFINERY & PETROCHEMICALS LIMITED ON THE DEMOLITION OF BSM PETROLEUM REFINERY HELIPORT COMPLEX, GUSAU ZAMFARA STATE, NIGERIA.