THIS IS…PETER NDUBUISI MBAH, ESQ [4/5]
Footprints at Pinnacle
A man who believes in business success through innovation and creativity, Peter’s Pinnacle Oil & Gas Ltd entered the Nigerian oil and gas industry in 2008 as a late entrant, but he has gained a preeminent position through revolutionizing petroleum product handling by significantly reducing costs and turn-around time of operations.
While Pinnacle Oil and Gas Limited started operations in 2008, the company has since reached the peak in Nigerian Oil and Gas downstream sector. This rise is probably best illustrated by the company’s successful launch of its ultra-modern Offshore Petroleum Products Intake and Off-take Facility in the Lekki Free Zone, Lagos, the first of its kind in West Africa. The facility, in the first of a planned three phases, currently boasts of one offshore mooring system and 300,000,000 litres of petroleum storage.
In subsequent phases of expansion, which have already commenced, the facility will extend to two offshore mooring systems, the largest capable of mooring vessels of 150,000-ton capacity and up to one-billion litres of storage facility. This would make it Africa’s largest liquid bulk terminal.
Pinnacle’s core areas of focus in the oil industry are petroleum trading, marketing, supply, distribution and retail segments of the Nigerian oil and gas downstream sector. The company operates another storage facility and jetty in Warri, as well as a fleet of trucks and a network of retail petroleum service stations with branches across the country.
Public Service
Peter made significant impact while serving in Enugu State as Commissioner for Finance and Economic Development under His Excellency Governor Chimaroke Nnamani. As a testament to his uncommon contribution to the state’s fiscal operations, through the strategy document he evolved and which became the operating template for Enugu State government’s development programmes, the NewsWatch magazine’s special publication of July 3rd, 2006, described Peter as “a man ahead of his time.”
As the Commissioner for Finance, he was a member of the Federal Accounts Allocation Committee (Nigeria’s highest fiscal allocation body), Chairman of the Federal Accounts Allocation Committee’s Sub-Committee on Legal Matters, Chairman of the Board of Directors for the Enugu State Insurance Company, and Chairman of the Board of Directors for the Enugu State Finance and Investment Company.
Barrister Peter Mbah had earlier served as Chief of Staff to the Governor in 2003 and, courtesy of the role, he was Chairman of the Enugu State Tenders’ Board; member of the Enugu State Executive Council (highest decision-making body in the State) as well as a member of the State Security Council.
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