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

Founder and President of Belemaoil Producing Restricted, operators of Oil Mining Lease 55, Mr Tein T. S. Jack-Wealthy, is going through 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 court docket paperwork seen by SaharaReporters on Thursday, one of many plaintiffs additionally accused Jack-Wealthy of failing to pay crucial severance allowances as stipulated within the cope with the oil agency.

In one of many circumstances involving Freyada Worldwide Restricted run by Onengiyeofori Welsh, which is earlier than the Rivers State Excessive Courtroom in Port Harcourt, the state capital, Jack-Wealthy is accused of refusing to pay the sum of N350,549,744 owed the corporate for offering offshore catering, laundry and housekeeping providers together with provide of toiletries to Belemaoil Producing, J+G World Gasoline and Oil Area Restricted, Concern Edge Restricted and Skarf Restricted – all subsidiaries of Belema Group.
In response to high insiders, Jack-Wealthy and Belemaoil, which has over 300 circumstances in court docket and a number of other petitions with the Division of Petroleum Assets (DPR) and Financial and Monetary Crimes Fee (EFCC) resulting from his alleged deliberate refusal to pay distributors, has been utilizing numerous ways, together with intimidation to frustrate the case within the Rivers court docket.
The corporate is alleged to have on just a few events instructed the court docket that the matter had been agreed to be settled by each events just for Jack-Wealthy to show round to suggest curiosity to proceed the case – a method to gradual the tempo of the matter, in accordance with authorized consultants.
In one other case earlier than the Nationwide Industrial Courtroom, Port Harcourt, with go well with no: NICN/PH/18/2021 and instituted by one other of Jack-Wealthy’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 answerable for J+G World Producing Firm Restricted, Belema Group Restricted, Belema Refinery and Petrochemical Restricted, accused his cousin of failing to honour the settlement he signed with him when he lured him away from Chevron Nigeria Restricted the place he labored for eight years and had a promising profession forward of him.
In response to the claimant, the Belemaoil founder has solely paid N140 million out of the agreed sum of N280 million he might have obtained from Chevron as advantages if he had seen out his employment with the oil big.
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 Could 17, 2020.
SaharaReporters was knowledgeable that efforts by the affected individuals to get their entitlements from Jack-Wealthy have confirmed troublesome 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 circumstances later pulled out after discovering that the agency and its founder have been insincere of their submissions. 
Nonetheless, other than the authorized battle together with his cousins, Jack-Wealthy, it was found, can be going through one other working tussle together with his house neighborhood 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 in the neighborhood, the Kula Council of Chiefs accused Jack-Wealthy of utilizing his sources to divide and impoverish his kinsmen.
They accused him of failing to comply with a normal memorandum of understanding to unravel neighborhood wants, interference in conventional administration and undermining King Sara stool because the Amayanabo of Kula Kingdom within the scheme of issues.
In response to the chiefs, Chevron and Shell, which each operated within the space earlier than Belemaoil, paid N100 million improvement and administrative sum yearly and likewise initiated a number of initiatives for the good thing about the natives throughout their respective durations of actions in Kula.
The chiefs alleged that Jack-Wealthy had been taking undue benefit of the truth that he’s an indigene of Kula neighborhood to trigger disaster among the many folks.
“Beneath your watch, all of the positive factors achieved out of your predecessor firm Chevron Nigeria Restricted and Shell Petroleum Improvement Firm have eroded and probably the most annoying half is that you’ve got by your actions interfered significantly and brought over the administration of Kula Kingdom.
“Your organization now solely determines who will get what and who owns which territory. Which means that whoever is just not in your good books can by no means profit from the wealth of Kula Kingdom.
“You additionally become involved in chieftaincy installations by sponsoring rival candidates to unseat those that should not in good stead with you now and be (sic) sooner or later.
“These eventualities portend nice hazard and frustrate our mutual co-existence. It’s 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 widespread patrimony of our folks.”
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 court docket.
Thought to be considered one of Nigeria’s wealthiest males in the mean time, Jack-Wealthy has not been very removed from scandals over time.
In January 2018, the Ogoni Group Improvement Community in Rivers State accused him of utilizing a N139 million bribe to divide their folks in an try to emerge because the operator of OML 11 and start exploration actions within the space.
The cash was alleged to have been paid to at least one Chief Gani Topba by way of a sure Tobin, who was mentioned to be an aide to the Managing Director of Belemaoil on the time.
In February 2021, Jack-Wealthy was alleged to be having an adulterous affair with Nollywood actress, Future Etiko, with claims that he gifted her a multi-million naira Sports activities Utility Car.
Each Etiko and the billionaire oil magnate denied the report.

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

This post is auto generated. All Materials and trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your articles, please contact us by email – [email protected] . The content will be deleted within 48-72 hours.( maybe within Minutes)