NNPC Ltd Non-Oil Assets and Liabilities for the Year 2023/2024

• Country: Nigeria
• Summary: NNPC Ltd Non-Oil Assets and Liabilities for the Year 2023/2024
• NGT Ref No: 72331025
• Deadline: 27 Oct 2022
• Financier: Self Financed
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.:
• Purchaser's Detail:
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• Description:
• Tenders are invited for NNPC Ltd Non-Oil Assets and Liabilities for the Year 2023/2024 All interested Insurance companies seeking to be considered must satisfy the following eligibility and qualification criteria: A. Be a Limited Liability Company registered with the Corporate Affairs Commission (CAC) in Nigeria and licensed by the National Insurance Commission (NAICOM) to transact life or General Insurance business or both. B. Have a minimum paid up capital as approved by NAICOM for the different classes of insurances C. Satisfy the margin of solvency requirements as prescribed by the Insurances D. Be a good corporate citizen of Nigeria that pays its taxes as and when due. E. Fulfill all statutory requirements to operate as an insurer in the Nigerian Oil and Gas Industry. In compliance with the NNPC LTD Supply Chain Management Policies and Procedures, NNPC LTD hereby invites qualified Insurers interested in this bid to submit the following documents as evidence to satisfy A to E above 1. Certified True Copy of the Certificate of Incorporation obtained from the Corporate Affairs Commission within the last twelve months ending November 2022 and CAC form CO2 (statement of share capital and return of allotment) and CO7 (particulars of Directors). 2. Certified True Copy of the National insurance Commission (NAICOM) of the company-s current license to operate as an insurer to transact the class of business it intends to bid. 3. Company NAICOM Approved and Published Annual Accounts and reports for the years ending 2019, 2020 and 2021. 4. NAICOM approval of Annual Audited Accounts and returns for underwriting year ending 31st December, 2021 5. Copy of the Tax Clearance Certificate issued by the Federal Inland Revenue Service for the past three (3) years 2019, 2020 and 2021 (Receipts not acceptable). Certification must be valid up to 31 December, 2022. 6. Certificate of compliance with the Pension Reform Act 2014 issued by the National Pension Commission (PENCOM) expiring not earlier than 31st December, 2022 7. Employee Compensation Scheme (ECS) Clearance Certificate as evidence of compliance with the provisions of the Employee Compensation Act 2010 Issued by the Nigerian Social Insurance Trust Fund expiring not earlier than 31st December.2022 (Receipts not acceptable). 8. Certificate of Compliance with the provisions of the Industrial Training Funds (ITF) ACT 2011 as issued by the ITF expiring not earlier than 31″ December, 2022 9. Relevant certificate of registration with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) (Unexpired License from defunct DPR is acceptable) expiring not earlier than 31 December, 2022 10. Evidence to prove number of relevant years of experience in Life and General Insurance business ( a minimum of ten (10) years- experience in Life and General Insurance business is expected) please attach reference letters, copies of letters of awards including clients- company full contract details not P.O.Box, functional phone numbers and e-mail addresses 11. Current and in-place organizational structure. Experience and skills of management and technical personnel with one-page resume showing companies worked with dates provided for each of business the Insurer intends to bid. 12. Evidence of current Re-Insurance program 13. Copy of signed 2019/2020, 2020/2021 and 2021/2022 domestic and/or foreign reinsurance slips for your non-oil assets accounts 14. Evidence of payment of 2020/2021, 2021/2022 and 2022/2023 reinsurance premiums for youth non-oil assets accounts. 15. A prospective bidder shall provide a sworn affidavit to support action as follows: a. To allow NNPC LTD verify all claims made in your submission b. To allow NNPC LTD verify that your organization is not in receivership, nor the subject of any form of insolvency of bankruptcy proceedings or the subject of any form of winding up petition or proceedings. c. To confirm that the company is not a replacement for a hitherto tax defaulting company, d. Disclosing whether or not any officer of the relevant committees of NIGERIAN NATIONAL PETROLEUM COMPANY LIMITED is a former or present Director, shareholder or has any pecuniary interest in the bidder. e. To confirm that all information presented in its bid are true and correct in all particulars. f. To confirm that your company does not have any Director who has been convicted in any country for a criminal offence relating to fraud or any financial impropriety of criminal misrepresentation or falsification of facts relating to any matter 16. All documents for submission must be transmitted with a duly signed covering/forwarding letter by the authorized officer of the firm under the Company/Firm-s letter head paper bearing amongst others, the Names and Nationalities of the Directors of the Company, the Registration Number (RC) as issued by the Corporate Affairs Commission (CAC), Contact Address Telephone Number (preferably GSM No and Email Address Please note: Insurers with outstanding indebtedness to NNPC LTD older than one (1) year from the date of discharged should not apply. The classes of Insurance include but not limited to: a. LIFE (Group Life) b. NON-LIFE (Automobile Group Personal Accident, Travel Medial, Marine Cargo, and combined all risks (fire and Special perils, Burglary, Goods-in-transit, marine Hull, Electronic Equipment, and General third party Liability. Only the technical bids shall be opened virtually, following the deadline for EOls submission at 12:00 Noon Thursday 27th October, 2022 using the Microsoft Teams. Bidders who have submitted their EOIs and external observers shall be invited to attend the virtual live stream bid opening session. In the event of any unscheduled holiday on the Bid submission date, the new deadline for submission of EOIs will be on the next working day. Accordingly, Expression of Interest Closing Date/time be extended to the next working day and time. IMPORTANT INFORMATION It must be noted that Bidders acknowledge and accept, with respect to the EOI that: 1. NNPC LTD will only accept documents received electronically via the designated NipeX portal, EOIs received in any other form shall not be accepted 2. Timely submission is the responsibility of the bidder. 3. At the deadline of EOIs submission bidders will no longer have access on the Nipex portal to submit their bid 4. The uploading of large electronic files may take time and as such, bidders must allow for sufficient time to fully transmit all files prior to the bid closing time. 5. All submissions must be in a readable PDF format. If the electronic files containing the EOI documents are corrupted contain a virus or are unreadable for any reason NNPC LTD serves the right to reject the EOI documents 6. Bidders are advised that NNPC LTD may not discover corrupted or unreadable files submitted via the NipeX portal until after the EOI submission deadline 7. NNPC LTD is not responsible for errors or failures in the Bidder-s own systems, and No extension of the submission deadline or time will be granted 8. NNPC LTD accepts no responsibility for Bidders misunderstanding of the instructions or incorrect usage of the NipeX portal system 9. All companies who have submitted their mandatory details and registered on the NipeX portal and external observers shall be invited to attend a virtual Expression of Interest opening session through Microsoft Teams to be communicated 10. NNPC LTD shall deal directly with only authorized officers of the interested companies and not through individuals or agents 11. All costs incurred by your company because of this invitation to submit Expression of Interest and any subsequent request for information shall be to your account 12. NNPC LTD will not enter into any form of communication with interested bidder) from the commencement date of this advertisement 13. NNPC LTD reserves the right to write the information and documents provided from regulatory authorities 14. This Invitation to EO process and any related process neither creates any commitment by NNPC LTD nor establishes any legal relationship 15. All information must be provided in English Language 16. Only Prequalified bidder at technical evaluation will be invited at a later date for virtual financial bids opening, while the financial bids of un-successful bidders will be returned un-opened. 17. The NNPC LTD is not bound to prequalify any bidder and reserves the night to annul the Procurement process at any time without incurring any abilities. This advertisement is also published on our website www.NNPCgroup.com
• Documents:

 Tender Notice