Browsing by Author "Oyewunmi, Olabode Adeleke"
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Item Annulment of Oil Licences in Nigeria’s Upstream Petroleum Sector: A Legal Critique of the Costs and Benefits(International Journal of Energy Economics and Policy, 2017) OLUJOBI, Olusola Joshua; Oyewunmi, Olabode AdelekeOwing to various reasons, tenable and untenable, successive governments in Nigeria have annulled licenses duly granted to identifiable upstream petroleum operators. With due sense of circumspect, when irregularities manifest in the process and the grant of substantive licences, such does not vest in the government an unfettered right to annul the licence. There are evidences of such occurrence in spite of established procedures regulating annulments, commonly referred to as revocation or cancellation. This paper is a critique of the annulment of oil licenses and the associated contractualregulatory dimensions. The validity of the Federal Government’s actions also comes to the fore, particularly in the light of renewed drive to attract investments into the upstream sector. Thus, as some benefits are accruable to the players, it is also important to appraise the consequential costs attributable to undue annulment of oil licenses. The paper adopts a descriptive analytical method of available facts, expounds requisite statutory provisions and utilizes judicial precedents to highlight the context of the study. It is imperative that the Federal Government adheres to established procedures on oil license annulment, as a contrary posture will amount to several negative outcomes.Item Optimization by Integration: A Corporate Governance and Human Resource Management Dimension(International Review of Management and Marketing, 2017) Oyewunmi, Olabode Adeleke; Osibanjo, Omotayo Adewale; Falola, Hezekiah Oluwabusayo; OLUJOBI, Olusola JoshuaContemporary business entities that are keen to achieve measurable growth can no longer rely on inflexible corporate management frameworks for running their affairs. This viewpoint is adduced in the light of the emergence and re-emergence of unpredictable and likewise complex operating contexts. Notwithstanding the connected legal, financial, economic and social issues; business concerns must devise innovative ways to sustain holistic performance levels. Moreover, corporate and regulatory interests must collaborate to effectively mitigate corporate failures attributable to various business concerns. In furtherance of the debate on the nexus between corporate governance and human resource management, this paper presented a conceptual model that aggregates specific aspects of business processes that synergizes both concepts. Practical perspectives on the interrelatedness between corporate governance and human resource management provide a veritable basis to explore the theme of this paper. The paper opined that an appropriate balance must be achieved with regards to identifiable and fundamental aspects of the corporate structure and process. It was recommended that a diverse model of corporate integration enhances the functionalities of the corporate entity; facilitates optimization processes, thereby contributing to long term sustainability and growth. The central role of human actors in the governance of business entities is also duly emphasized, as this viewpoint underlies the essence of integrating the two concepts in general and specific terms.