PRC (CLOSED) MEMO: REQUEST FOR BUSINESS AND COOPERATION On behalf of the Board of Trustees, Petroleum Resources Committee, PRC. I Engr. Martins Coker, Chairman of the Committee do present this request in trust with the profound conviction that you would be of help to execute proposal as contained herein. The details of this memo is classified. I would be grateful if you cooperate as proposed to you. Before I lay bare the details of this proposal, I would like to intimate you with the terms of reference of this committee. The PRC is the presidium oil and gas committee of Nigeria charged with the following responsibilities to, among other functions, direct and supervise the processing of information, applications and conducting project appraisals; and to provide estimates and projections for budgets, work plans, scheduling methodology, bid documents and to prioritize, distribute, according to specific guidelines and award contracts for the development of oil and gas projects to both indigenous an foreign multinational companies and recommends for payment to the Federal Ministry of Finance (FMF) or its authority upon completion of contract projects. The PRC also execute priority projects ( PRC Priority Projects) to carry out its operations. The PRC depends on government subventions and budgetary allocations for its operations and usually send quarterly performance report of the oil & gas industry to the FMF and the Department of Petroleum Resources, DPR. Following the breakdown of the fiscal expenditure by this office on PRC Priority Projects since its the assumption of the present administration which I chair as the chairman, the total (PRC Priority) project contracts awarded to foreign firms amounted to the sum of 736million US dollars. The PRC, in conjunction with the Debt Reconciliation Committee (DRC), has been conducting a verification exercise in batches to pay off foreign firms being owed sums of money for contract projects executed. Admittedly, the crux of this letter is that the Petroleum Resources Committee (PRC) masterminded some sharp practices in contract bidding and award of contract projects ( especially on PRC PRIORITY PROJECTS) to preferred foreign firms and companies. Resulting in over-invoicing of some these contracts awarded , especially the PRC Priority Projects. Consequently, in the course of disbursements, this department has been able to accumulate the sum of 38.6million US dollars being the over-invoiced sum of the contract worth awarded. This money currently in the domiciliary account of the PRC/FMF showing as unclear debt recommended to Debt Reconciliation Committee (DRC) for payment to certified claims and had been included as "sundry creditors" in the PRC Statement of Affairs sent to the Department of Petroleum Resources (DPR) by the PRC (my office) . Sequel to its approval for payment by the Federal Ministry of Finance (FMF) in the supplementary budget allocation, the money is now waiting to be cleared. Hence, my duty as the Coordinator of this project is to solicit your unalloyed co-operation and assistance to enable us pull out this funds into any foreign account owned by your good-self and covered by a foreign company's name to be used. Your co- operation in this business is essential, because members of the committee involved in this business are personalities who have attained impeccable track records of probity in the Civil Service of Nigeria and as such are not permitted to operate Foreign Account in discharging their functions as members of the Petroleum Resources Committee (PRC). NOTE: This business is 100% full proof, genuine and risk-free. Hence the need for Strict and Absolute Confidentiality till the end is All Important. Furthermore, sharing of this fund after remittance into your provided bank account will be done as follows: 70% for us here in Nigeria, 25% for you the account owner and 5% to cover as reimbursement, any expenses which may be incurred in the course of, transferring the funds into your account. Confirming your faithfulness to this entreaty and your unalloyed cooperation to consolidate this transaction as proposed to you, please endeavor to reply immediately with your complete contact/postal address; telephone and fax lines for further briefing. We estimate that this project will last for 14 days only given your fullest co-operation. All inquiries should be directed to the undersigned and I await your reply . I thank you for your attention and anticipated co-operation. Yours truly, ENGR. MARTINS COKER (MNIQS) CHAIRMAN, BOARD OF TRUSTEES, PETROLEUM RESOURCES COMMITTEE FAX: 234-1-7594304 _________________________________________________________ http://www.latinmail.com. Gratuito, latino y en espaqol.