Facts About the suspension of signing MoU with Rock Marine services about Oro's precious coastline

By Emma Bakassi

From page 3 of the MoU, stated

COMMENCEMENT AND DURATION
EQUITY SHAREHOLDER
In consideration for the obligations of the parties in the execution of the project, Akwa Ibom State Government shall be entitled to 15% equity share, while Rock marine and its foreign and local partners shall be jointly entitled to 85% equity share in the concession arrangement.

Question: what about host communities?

CONSTITUTION OF BOARD OF DIRECTORS FOR THE SPV
The Board of Directors for the SPV shall consist of five (5) Directors, one (1) of whom shall be appointed by AKSG and four (4) by Rock Marine
No provision made for Oro to be part of the board of directors to represent the host communities.

Page 4 states

In addition to the Obligations of the parties elsewhere provided for under this MoU, the parties shall have the following specific responsibilities
stated in this paragraph.

AKSG SHALL-
(a) grant right of access, right of way and all other appurtenant rights to enable Rock marine to cover, control, develop and execute all works and
services required to be performed or provided in the course of implementing the project without any encumbrances.

Please take time and read this paragraph, it means a lot.

(H) ensure that Rock Marine designs, builds, operates and maintains the Oron marine terminal for passengers and cargo services for a term of
twenty- five (25) years in the first instance which term may be extended for a further term as may
be agreed by the parties.

Page 6 stated
8 Tenure of concession
Parties herein agree that the tenure of concession to be granted by AKSG to Rock marine Services
Limited shall be for twenty-five (25) years subject to renewal on such terms and condition as may be
agreed upon by the parties.

9 CONFIDENTIALITY
The parties undertake not to at any time hereafter use or divulge or communicate to any person
other than to a party to this MoU any knowledge that shall come into its possession in relation to the subject matter of this MoU and shall use its
best endeavors to prevent the publication or disclosure of any confidential information
concerning such matters.

RESPONSE BY ORON UNION
I present herewith, a detailed outline of Oro Nation position on the proposed MoU between AKSG and
the company ROCK MARINE for the revamp of Oro marine terminal, provision of marine ferry transport
services, cargo services and allied sundry service.

ORON MARINE TERMINAL DEVELOPMENT
STRATEGY/RECOMMENDED SEQUENCE OF
ACTIVITIES.

Completion of conceptual Design and establishment of project cost breakdown by studies and Design consultant. This is to enable all
stakeholders known the size and scope of the project.

Environmental impact Analysis (EIA) to be properly carried out to establish the environmental,
economic and social impact of the project on the immediate community and decide the desirability of the project (Conceptional Design is required for
EIA).

If EIA is approved, a proper feasibility studies for the project to be provided, if not carried out this
should be done to determine the economic viability of the project as conceptualized.

If project is viable, stake Holders in the project to be properly defined and Equity/Ownership structure
agreed.

A proper Due Diligence to be carried on the proposed core investor to establish both the financial and Technical capabilities of the core
investor.

If all above is done and the capabilities of the core investor proven, memorandum of understanding MoU with terms agreed by all stakeholders should
be signed. Etc

Are you a political office holder from Oro?

Are you truly projecting Oro?

Are you telling our Governor the truth about the marginalization of the Oro's?

Are you fighting for the good of Oro Nation?

Let me leave it for God to judge us

DON'T JUDGE THROUGH RUMOUR
HEAR FROM BOTH SIDE
BEFORE YOU POUR YOUR JUDGEMENT.

ORON UNION WANT THE BEST FOR US.

EMMA BAKASSI IS MY NAME
I'M FROM EYO-EKUNG INYANG,
IN EYO-ABASI VILLAGE,
ORON LGA.