House Mediation in Capital Oil, Coscharis Feud Deadlocked

07 Dec 2012

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 Ifeanyi Uba

Onwuka Nzeshi

An attempt by the House of Representatives to  intervene in the lingering dispute between Capital Oil and Gas Limited  and Coscharis Motors over a failed oil import deal ended in a deadlock Thursday as some  key stakeholders were absent and others rejected the mediation on the grounds that it was subjudice.

The absence of the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, at the public hearing on the matter did not help matters but the refusal of the Coscharis delegation to testify  as it was already a court case  finally stalled the meeting.
The House Committee on Public Petition which initiated the intervention, said it could not hear the petition in the absence of the other parties in the dispute.

The drama began shortly  after the committee  commenced deliberations  on the matter. 

Counsel to Coscharis Motors, Mr  Osita Mbamalu, raised an  objection that it was improper to hear the petition brought by Chairman of Capital Oil, Mr Ifeanyi Uba, as the matter was already before a court of law.

Chairman, House Committee on Public Petitions, Hon Uzo Azubuike,  quickly asked for a few  minutes to consult with his colleagues on the objection.

About 10 minutes later, Azubuike  ruled that the hearing  be adjourned to Thursday  next week.

He directed that  Access Bank and Coscharis Motors should  furnish the committee with the  documents relating to the court  process  on or before next Tuesday.

“We are standing down the hearing for today.  We are adjourning the hearing to Thursday next week. We want Coscharis and Access Bank to furnish us with the  court processes on the matter on or before Tuesday next week,” Azubuike said.

In an interview with newsmen shortly after the session, Uba, said he was prepared to fight the injustice done to him to a logical conclusion.
Uba however ruled out insinuations that he was going to  seek  the intervention of President Goodluck Jonathan on the matter.

“I have not sought the intervention of Mr. President on this and I don’t intend to do so because there is no need for that. I will not also  contest the resolution of the House that we should come back next week Thursday, I have to comply with that but it is important  to let Nigerians know that at this moment our workforce are outside.

“We believe there is a grand conspiracy to strangulate us which started since December last year, our payments have been stalled.

“Our demand is that the Ministry of Finance should pay us our claims so that we can settle our obligations.  You cannot hold our payment and  tell us to wait  until the subsidy investigation is completed, he said.”

Uba alleged that the claim by Coscharis that the matter was in court was merely a ploy to frustrate the intervention of the parliament on the matter.

Tags: News, Nigeria, Featured, Mediation, Capital Oil, Deadlocked

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