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Published On: Fri, Jun 15th, 2018

Senate orders deportation of SAMSUNG boss, Young Ho Jo

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Nigerian-Senate-1By Musa Adamu and Ikechukwu Okaforadi

The Senate has ordered the Nigeria Immigration Service ( NIS), to deport Mr. Young Ho Jo, the Managing Director of SAMSUNG.
The Senate said the South Korea CE came into the country without proper documentation.
The Senate directive was announced yesterday by the Chairman on Ad-hoc Committee probing the $16.35 billion Egina Oil Field Project, Senator Solomon Adeola, during an interactive session with major and sub contractors of the project.
According to Senator Adeola resolution for deportation of the SAMSUNG MD was adopted by the Senate last week Thursday in line with recommendation to that effect by the ad- hoc committee in its interim report.
The Senator, who made the announcement in the presence South Korean and other operators of the Egina oil field project, further revealed that the illegality of Mr. Young Ho Jo residency in Nigeria came to the fore during scrutiny of his papers.
He said: “Mr. Young Ho Jo who has been working for the past two months in Nigeria as the managing director of Samsung without fulfilling legal requirements for such, told us that he couldn’t complete his documentation as a result of alleged brake down of machines of the Nigeria Content Development Monitoring Board (NCMDB) “But the NCMBD wrote to us that their machine had never broken down in the period claimed showing that the man has contravened the Local Content law.
“Going by recommendations made by this committee to the Senate and resolution adopted, MD SAMSUNG is no longer recognised on account of improper documentation as shown by papers he presented.
“To the Senate and this committee, SAMSUNG MD is an illegal immigrant who must be deported by the Nigerian Immigration Service , to which a letter to that effect has been forwarded to the Ministry of Interior.
“He can however come back to the country through proper documentation thereafter.
He also revealed further that Young Ho Jo , during his illegal residency in Nigeria as SAMSUNG MD, also violated the Local Content Act by spending $1.6billion out of the $3.5billion contract, SAMSUNG got from $16.35billion Egina Oil Field Project in Goje , South Korea.
The Managing Mirector of Total Upstream Nigeria Limited, Mr. Nicolas Terraz, assured that as the major operator of the project it would continue to assist the committee in its investigations.
He added that its goal was to deliver the project expected produce to 200,000 barrels of crude oil per day while its FPSO had a holding capacity of 2million barrel.
The representative of NNPC/NAPIMS, Eng. Gbolahan Okesanya, said that he would ensure that maximum cooperation was given to the audit team of the Senate when it commence work.
He added that the goal of the audit team tallies with that of NNPC/NAPIMS in its regulation of the oil industry.
Meanwhile the second phase of the investigation would be carried out by consultants to be assigned by the Senate for 16 weeks on the spot assessment of the project execution as regards value for money in line with the Local Content Act.

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