End Of The Road: OPEC Drops Diezani As Host For 168th Ordinary Meeting In Austria

End Of The Road: OPEC Drops Diezani As Host For 168th Ordinary Meeting In Austria

Patrick Aigbokhan
Following the on-going bribery and fraudulent scandal involving the first Female 66th President of the Organization of the Petroleum Exporting Countries, (OPEC), Diezani Alison-Madueke, the organization has withdrawn from the minister the mandate given to her to host its 168th Ordinary Meeting slated to hold on December 4 in Vietnam, Austria.
Members of the international organization are presently shocked and embarrassed over the scandal involving the former Nigeria’s Petroleum Minister, who was recently arrested in London and granted bail few days ago after her arrest.
The former minister allegedly stole $1.48billion unaccounted fund belonging to Nigeria National Petroleum Corporation, NNPC, and a whooping sum of 27,000 Pounds cash was found in her exotic mansion in Edmund’s Terrace, Westminster city, London.
The money was ordered seized being ‘proceeds of crime’ by Judge of The Westminster Magistrate’s Court on Marylebone Road, London on Monday (34 hours ago). The cash was seized under Section 295 of Proceeds of Crime Act 2012.
It was gathered that the Board of Governors of OPEC is already expressing displeasure that a highly celebrated African economist as Diezani whom they all held in high esteem, had fallen into the web of corruption.
As a result, the organization has summoned a secret Emergency Meeting, being direction by its Board of Governors to ensure the reputation and image of OPEC is not torn into shreds in the eyes of the global audience.
The secret meeting, which has been slated for Dec ember 2, 2015 in the boardroom of the organization, has its item of discussion as: ‘DIEZANI, OPEC & FUTURE’.
In accordance with the provisions of OPEC Statute, the Board of Governors have prevailed on the Secretary General, Abdalla Salem El-Badri who is Head, Executive Organ of OPEC Secretariat to take full charge as the organization’s Chief Executive Officer, CEO, and lead the 168thOrdinary Meeting, where all 12 Member Nations of OPEC will be physically present. The OPEC member nations are representing Algeria, Nigeria, Ecuador, Iran, Iraq, Kuwait, Libya, Gabon, Qatar, Saudi Arabia, United Arab Emirates (UAE) and Venezuela
Since the Secretariat was originally established in 1961 in Geneva, Switzerland and on April 1965 when the organization had its 8th (Extraordinary)OPEC Conference where a Host Agreement was reached with Government of Austria, effectively moving the Organization’s Headquarters to the city of Vienna on September 1, 1965, OPEC has never experienced such shame.
The organization has assured that far reaching decisions would be made at the end of its Emergency Meeting as directed its Board of Governors.
With the ongoing scandal, Diezani’s days are said to be numbered in OPEC, as she is now seeing globally as ‘huge liability’ to the Organization.