jbaur24:


Do you realize dude is looking for money to pay his huge debt which is standing at 67Billion now? So how do you believe an educated clown for that matter?

The contenders are:
APGA
PDP
apc (in small letter)
Ifenyi Uba, is he among the three party?

jbaur24: The Asset Management Corporation of Nigeria has taken over the management of Capital Oil and Gas Industries.

The Head of Corporate Communications, AMCON, Mr. Kayode Lambo, said in a signed advertorial on Wednesday that the management’s takeover of the indigenous downstream player would last for two years.

He explained that the takeover became necessary after AMCON acquired Capital Oil and Gas’ outstanding facilities from various banks.

The corporation said, “Following discussions with COG, a resolution was reached, which was subsequently adopted as terms of settlement in suit number FHC/ABJ/CS/714/2012 at the Federal High Court. One of the key conditions of this settlement is that AMCON takes over executive management of the COG for a period of two years.

“Dr. Patrick Ifeanyi Ubah, the erstwhile Managing Director/Chief Executive Officer, has consequently relinquished his role as head of the organisation. In the interim, AMCON has appointed an acting managing director to ensure accountability and continuity of operations.”

AMCON said its takeover of the executive management of the COG within the two-year timeframe would stabilise the company, adding that it planned to ensure seamless operations at the company.

The agency added that it would, within the two years, “drive the turnaround of the company’s operations in order to meet various timelines and goals set by COG’s board of directors and AMCON.”

“This change of management was effected on June 21, 2013,” AMCON said.

When contacted on the telephone by our correspondent, the Administrative Manager, Capital Oil and Gas Industries, Mr. Ugochukwu Ehighibe, confirmed the development.

“Yes, we have an agreement with them,” he said.

AMCON had shut the premises of Capital Oil and Gas in 2012 following an Abuja Federal High Court ruling that the agency should take over the company’s properties and assets over an alleged N48.014bn debt.

The closure of the company’s 196-million-litre capacity storage tank often used by the Nigerian National Petroleum Corporation for products storage had hampered products distribution across the country then.

Justice Abdul Kafarati, however, on December 13, 2012 set aside the ex-parte order of November 13, which directed AMCON to take immediate possession of the properties and assets of Capital Oil and Gas as well as those of its managing director, Ubah, over the firm’s alleged indebtedness to the corporation.

But AMCON in an advertorial said it remained firm in its “resolve to vigorously pursue the indebtedness and ensure the recovery of the debt in the interest of the economy.”

The Managing Director, AMCON, Mr. Mustafa Chike-Obi, had put Capital Oil and Gas’ total indebtedness at N65bn as of December 2012.

“It was N53bn plus N12bn of interest accumulated over the last two years, and the interest is accruing at the rate of about N800m to N900m a month,” he had said.

mehn if this guy becomes governor it would be rip to the state.

asha 80: mehn if this guy becomes governor it would be rip to the state.

He will definitely not come 3rd runner up, talk more of winning. Boys in Anambra are having field day on the monies he is dolling out, thinking that it is still the era of throwing money around. He will be more indebted after he must have lost the election. He is presently using his last card to do whatever is possible but he will fail like a pack of cards when the chips are down.

FreeGlobe:
what are the others? Sabmiller, a beer factory owned by Peter obi? You see nothing wrong with a governor losing support right in his town?

Innoson was encourage by Obi administration, with many pharmaceutical company trooping in. malls and resorts building here and there, if complete will provide employment for our youths.
Anambra state bust the best road network in the east.
The only administration sofar (Anambra) that did not own her workers, did Ɣ☺ΰ hear workers going on strike before their 18000 mandatory minimum wages paid. ?
Rome was not build by a day
Meanwhile which part °ƒ Anambra are you from?

jbaur24: CONSTRUCTION of the proposed shopping mall for Nnewi would commence in a few days time, Anambra State Governor Peter Obi has said.

Obi ,who spoke yesterday at the inspection of the ongoing Agulu Lake Hotel and Resort with two new bridges, said other malls at Awka and Onitsha were ongoing.

“The mall at Onitsha and Awka are ongoing. In a few days we shall start that of Nnewi. We had planned these things and have enough money set aside for them. We shall also start the three Arms Zone, for which we also have enough Money set aside,” Obi stressed.”



http://thenationonlineng.net/new/obi-assures-support-for-construction-of-nnewi-mall/

Will the Mall be sited at the Nkwo triangle?

That is the most central open area to adequately make the mall centrally located for easy accessibility.

gleaf: [b][/b]
It still suprises me why a sane human being wil support Ifeanyi Uba, i watched his flag off yesterday on AIT, it clearly shows the kind of government that guy will run( thugs and charlatans) i tried to pick out a reasonable human being there but could not . Anambra is above brigands and touts he should get that into his thick skull.

see me oo.Anybody that is supporting that man must be examined to know how much he has collected.A Crook who has been living off other peoples money pretending to be a business Genius.Now he wants to live off Anambra state money.It can never happen.

Ferdinandu: see me oo.Anybody that is supporting that man must be examined to know how much he has collected.A Crook who has been living off other peoples money pretending to be a business Genius.Now he wants to live off Anambra state money.It can never happen.

some apga and apc guys defected to lp in onitsha.do not understimate ubah's ability to buy the people's consience.

Please can Somebody Arround Those Shoprite Malls at Awka & Onitsha Post New Photos of Them to this Forum!

Go check out Chief Willie Obiano, he is the best bet for Anambra. Anambra people should not allow all these hardcore businees-politicians to hijack the state. He is just a sound guy with tons of corporate experience.

https://www.facebook.com/WillieObiano
http://www.obiano4gov2014.com/

invest-now2013:
Please can Somebody Arround Those Shoprite Malls at Awka & Onitsha Post New Photos of Them to this Forum!

^^^You're on a long thing mate! If you want more than grammar then you're on the wrong thread!

IGBO-SON:


^^^You're on a long thing mate! If you want more than grammar then you're on the wrong thread!

Why are you always bitter about good news from Anambra? Why not go back to your usual thread where you celebrate and eulogize uncompetence as dividend of democracy.

FYI: The Awka and Onitsha Shoprite Malls are at advanced stages of completion. The fact is that most Anambrans on NL does not fancy picture taking like you complex people do. Maybe you will take a hike and end it all when they are commissioned for use by December this year.

Your bitterness and frustration is quite obvious and its capable of causing you cancer.

one.east3:


Why are you always bitter about good news from Anambra? Why not go back to your usual thread where you celebrate and eulogize uncompetence as dividend of democracy.

FYI: The Awka and Onitsha Shoprite Malls are at advanced stages of completion. The fact is that most Anambrans on NL does not fancy picture taking like you complex people do. Maybe you will take a hike and end it all when they are commissioned for use by December this year.

Your bitterness and frustration is quite obvious and its capable of causing you cancer.

Oh Chino pls shut it! I wonder why you sing obi's praises all the time with no 'Evidence' to prove it you need to meet the 'Apc crew' on nairaland for proper coaching on 'propaganda'!

jbaur24:


Don't mind some people, but the Realchange I know has not been like this, he has always been progressive in thinking. Maybe something got to him.

a bag of rice and a case of Tin tomato and sardines

biafranqueen: a bag of rice and a case of Tin tomato and sardines

Heheheheh..

How did you find out..?

It's amazing how after 7 (plus) years the man has suddenly woken up from slumber . . .

These Projects should be in it's completion stage not and not conception . . . . For someone who claimed the State was poor, and used that as an excuse to deprive the Civil Servants of their rightful minimum wage, one begins to wonder where he is getting the funds for all these last min. elephant projects.

Obi has obviously been saving up for this to wow Anambrarians into voting for his Annointed Canditate . . . . Well he miscalculated. Cos we'll take his money and 'chop' and still vote our most credible candidate . . . Dr. Chris Nwabueze Ngige!