NIGERIAN NATIONAL PETROLEUM COMPANY LIMITED

NIGERIAN NATIONAL PETROLEUM COMPANY LIMITED
NNPC LTD TOWERS, HERBERT MACAULAY WAY, P.M.B. 190, GARKI-ABUJA, NIGERIA
REQUEST FOR EXPRESSION OF INTEREST (EOI)
AS A BROKER FOR INSURANCE OF NNPC LTD NON-OIL ASSETS AND LIABILITIES FOR THE YEAR 2025/2026

The Nigerian National Petroleum Company Limited invites interested insurance companies registered in Nigeria to bid as insurer for non-oil assets and liabilities insurance programme.
The contract(s) for the Broking services for the NNPC LTD Oil Assets and Liabilities shall be awarded to the successful bidder(s) for the year 2025/2026 insurance program with the option to renew annually in year 2026/2027 and 2027/2028 depending on performance.

ELIGIBILITY CRITERIA
All interested insurance companies seeking to be considered must satisfy the following eligibility and prequalification 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 operate as an insurance broker.
b. Maintain adequate professional indemnity cover for its activities
c. Be a good corporate citizen that pays its taxes as and when due and be in possession of current tax Clearance Certificate.
d. Fulfill all statutory requirements to operate as an insurance broker in the Nigeria 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 D above:

1. Copy of the Certificate of Incorporation obtained from, the Corporate Affairs Commission (CAC) and CAC status report generated within 3 months of bid submission.
2. Certified true copy of the company’s current license to operate as an insurance Broker issued by NAICOM with an ending date of November 2024.
3. Published annual audited accounts and reports (Audited) for the years ending 2021, 2022 and 2023. Only NAICOM Approved Audited Accounts Duly stamped by NAICOM will be accepted.
4. Provide a detailed company profile and a clear list of verified location(s) of your operational head office and current Branch Network (spread of your branch office(s)
5. Copy of the Tax Clearance Certificate issued by the Federal Inland Revenue Services for the past three (3) years 2021, 2022 and 2023 (receipt not acceptable)
6. Certificate of insurance in respect of current professional indemnity cover, which must be valid for the purpose of this advertisement.
7. Employee compensation scheme (ESC) clearance certificate as evidence of compliance with the provisions of the Employee Compensation Act 2010 issued by Nigerian Social Insurance Trust Fund expiring not earlier than 31st December 2024 ( receipt not acceptable)
8. Certificate of compliance with the provisions of the Pension Reform Act 2014 issued by the national pension commission (PENCOM) expiring not earlier than 31st December 2024
9. Evidence of certificate of compliance with the provisions of Industrial Training Fund (ITF) Act 2011 as issued by the ITF expiring not earlier than 31st December 2024
10. Relevant certificate of registration with the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) expiring not earlier than 31st December 2024
11. A minimum of 1 documentary/verifiable evidence of participation in energy insurance account as a broker in the last 5 years (Exploration and Production (E&P) and Oil Servicing Companies Only). Interested bidders should attach all documentary/verifiable evidence as indicated above.
12. List and attach evidence of top 10 clients showing the premium income and the class of business of each of the clients for 2023 and 2024 insurance year.
13. Professional experience of managing directors and/or CEO – years of insurance experience, companies worked for with dates, copies of professional and academic certificates. Please attach 1 page resume. (the Managing Director and/or CEO should have a minimum of 10 years industry experience)
14. Professional Experience of insurance technical staff – years of insurance experience, companies worked for with dates, copies of professional and academic certificates. Please attach 1 page resume for each of the technical staff.
15. A prospective bidder shall provide a sworn affidavit to support action as follows:
a. To allow NNPC LTD to verify all claims made in your submission.
b. To allow NNPC LTD to verify that your organization is neither in receivership, nor the subject of any form of insolvency or bankruptcy proceeding or the subject of any form of winding up petition or proceedings.
c. To confirm that the company is not a replacement for a hither to tax defaulting company
d. Disclosing whether or not any officer of the relevant committees of NNPC 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 or criminal misrepresentation or falsification of facts, relating to any matter.
16. All documents for submission must be transmitted with 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 e-mail address.

NIGERIAN CONTENT REQUIREMENT
In compliance with the Nigerian Oil and Gas Content Development Act, prospective underwriters must submit in a separate file the following document:
a. CAC status report generated within 3-months of bid submission
b. Nigerian Content Plan for the insurance services to be provided using Nigerian resources (past and present)
c. Provide current organization structure with evidence of the percentage of the management that are Nigerian Nationals and the percentage of the total workforce that are Nigerians.
d. Provide past details and present commitments to staff training and development of Nigerian personnel
e. Evidence of physical operational presence and set up in Nigeria (must have verifiable office address(es) in Nigeria)
f. Detail of training budget for Nigerian human capital development for 2024 and 2025
g. A list of in-country registered office addresses
h. Number of jobs to be created by this opportunity
i. Further innovative proposals that would enhance Nigerian Content for the insurance program.

BID SUBMISSION:
ALL EOIs MUST BE SUBMITTED ELECTRONICALLY TO THE NNPC LTD/NIPEX TENDER PORTAL.
18.1 To be eligible for this tender exercise, interested bidders are required to fill out and submit mandatory details through this link http://forms.office.com/r/3WBhVZcKWg on or before 12 noon Friday 06th September 2024
18.2 Provisions of 18.1 by filling the form through the link above is a mandatory requirement to register your company for participation in this EOI process in the NNPC LTD/NipeX tender process portal

19.3 All interested bidders who do not provide requested information through the link in 18.1 above on or before 12 noon Friday 06th September 2024, will not have access to submit bid documents on the NNPC LTD/NipeX tender portal

19.4 Individual bidders would be duly notified on their registration in NNPC LTD/NipeX tender process portal

19.5 Thereafter the bidder would have access to make their submission on the NNPC LTD/NipeX tender process portal

19.6 All submission bids should be titled “Request for EOI AS INSURER FOR NNPC LTD OIL ASSETS AND LIABILITIES FOR THE YEAR 2025/2026”

THE SUBMISSION /CLOSING DATE:
All documents should be submitted online through the electronic NIPEX Tender Portal on or before 12:00noon Wednesday 25th September 2024 to www.nipex.ng.com.
The EOIs shall be opened virtually, following the deadline for EOIs submission at 12noon Wednesday 25th 2024 using the Microsoft Teams. Bidders who have submitted their bids 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 bids will be on the next working day. Accordingly, Expression of Interest Closing Date/Time shall be extended to the next working day and time.

IMPORTANT INFORMATION
It must be noted that bidders acknowledge and accept, with respect to this tender that:
1. NNPC LTD will only accept documents received electronically via the designated NipeX portal. Bids received in any other form shall not be accepted.
2. Timely submission is the responsibility of the bidder.
3. At the deadline of bids 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 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 tender documents are corrupted, contain a virus or are unreadable for any reason NNPC LTD reserves the right to reject the tender documents.
6. Bidders are advised that NNPC LTD may not discover corrupted or unreadable files submitted via the NipeX portal until after the tender 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 bidder’s misunderstanding of the instructions or incorrect usage of the NipeX portal system.
9. All companies who have subm9itted their mandatory details and registered on the NipeX portal and external observers shall 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(s) from the commencement date of this advertisement.
13. NNPC LTD reserves the right to verify the information and documents provided from regulatory authorities.
14. This invitation to tender process and related process neither create any commitment by NNPC LTD nor establish any legal relationship
15. All information must be provided in English Language.
16. Only pre-qualified bidders 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 unopened.
17. The NNPC LTD is not bound to pre-qualify any bidder and reserves the right to annul the Procurement process at any time without incurring any liabilities.

The advertisement is also published on our website: www.nnpcgroup.com

SIGNED
NNPC LTD MANAGEMENT