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Delta State And Its Home-Grown Billionaires by atlwireles: 2:10am On Jan 31, 2015
By Oghene Omonisa

Nigerians from every nook and cranny have found Lagos an irresistible land of dreams. It is the nation’s number one destination for commerce, manufacturing, finance, and the media, and even the movie industry, which is clearly evident in the pace and pulse of the city’s activities.

Apart from being Nigeria’s commercial nerve centre and its major port city, Lagos is Nigeria’s former capital city, which was responsible for the attraction of the largest percent of federal presence and attention. Living in Lagos is exciting and opportunities and possibilities for the ambitious are almost limitless – sometimes elusively so.

The city also enjoys the presence of the administrative and operational head offices of the multi-national oil companies operating in the Niger Delta Region, a system which started during the Nigerian Civil War, because, according to erudite scholar, Prof. G.G. Darah, ‘the military government ordered them to relocate their administrative and operational head offices from the Niger Delta to Lagos, then Federal Capital.

In compliance, Shell, Gulf Oil (now Chevron), Mobil and others moved their head offices to Lagos. This movement also shifted most businesses associated with the petroleum industry from the Niger Delta.’

And this decision has not been reversed more than four decades after the civil war.Like the multi-national oil companies and associated businesses, every aspiring federal government contractor sought a space in Lagos, the then seat of power; manufacturers had to be there too for easy access to imported raw materials, abundant skilled manpower, cheap labour and the city’s large market; importers and exporters found base in the city, just as banks and other financial institutions sprang up to finance projects and manage the city’s funds. Lagos became the nation’s melting pot.



Like many other Nigerians, the City of Lagos therefore came to have early attraction for ambitions Deltans. Nearly every super-rich Deltan was known to have made the bulk of his wealth in Lagos. Leading the pack were the Okotie-Ebohs, the Ibru brothers, the Dafinones, the Odogwus and the Rewanes. Surely, that is not to say every super-rich Deltan had always been Lagos-based.

Even as these Deltans migrated to Lagos and other major Nigerian cities for greener pastures, some remained behind. In the home-based category could be found super-rich Deltans like Chief James Ogboko Edewor, Evang. J.O.C. Mosheshe, Chief WT Odibo, Chief TJ Sokoh and Chief Edward Akponovwe Esiso in Warri; from Sapele came big names like Prince KB Omatseye; while in Ughelli were money-bags like Chief Morrison Obaseki Olori; in Asaba could be seen moneyed Deltans like Chief Ubaka Apoh; and from Agbor rose money giants like Chief Vincent West-Egbarin.

Nevertheless, it is not difficult to admit that most of these home-based guys were not in the league of the Lagos ‘boys’ as the biggest investments all over the state were being attributed to the Lagos moneyed men. It was frequent and very easy to hear the most modern and splendid houses, the best hotels, the super shopping malls, the sophisticated and elegant office blocks and the latest luxury cars all being attributed to some Deltans based in Lagos. This was until recently.

Many changes came with the advent of civilian rule in 1999. Not anymore the era of military governors taking orders from Abuja powers in running a state, especially the process and whom to award state contracts. The present civilian governors run their states themselves. Local contractors and consultants are patronised without having Abuja god-fathers breathing down the neck of the state chief executives; and the oil-producing states insisted on the constitutional 13 percent derivation policy, whose implementation started in 2000.

Then the Niger Delta Development Commission (NDDC) also came into being as an intervention agency for the oil-producing states. It is in this civilian dispensation that oil commissions were established in oil-producing states to administer funds on oil-producing communities; Delta State has its Delta State Oil-Producing Areas Development Commission (DESOPADEC). In all of these, local contractors and consultants are being patronised.

Unlike in the past, when the oil companies discriminated against local contractors, these contractors insisted on being patronised on the basis of the local-content law, and this is yielding some positive results. Presently, there are home-based contractors who execute major oil contracts.

While many Deltans are missing in action in the highly lucrative but capital-intensive upstream section of the oil industry, it is interesting to mention that many young home-based Deltans are now actively involved in the highly capital-intensive oil sector as independent marketers, especially with the establishment of a fuel depot in Oghara for independent marketers.

The multi-billion dollar Escravos Gas To Liquid (EGTL) Project of Chevron is a major source of the emergence of a new entrepreneurial elite in the state. This group is mainly peopled by the Itsekiris and the Ijaws of the riverine oil-producing communities, where Chevron has most of its oil wells. Deltans of other ethnic groups all over the state are not left out in patronages being benefited as local-content contractors.

Interestingly, as Chevron wraps up the construction phase to start the operational phase, a similar project is expected to begin soon, the $16bn Gas City Project at Ogidigben, another reverine community. Educated, sophisticated, highly intelligent and mostly young, these Deltans are being financially empowered by these projects to take the lead as Delta State home-based entrepreneurs.

These guys are in the oil and gas sector as well as being major state and federal government contractors. Their business acumen and managerial style can equate, even surpass, major entrepreneurs anywhere in the world. With their investments in the state, more Deltans are being employed outside the public service.

Time it was when one had to exhaust the list of moneyed Deltans based in Lagos before coming to the home-based in considering big investments and promotion of business in the state. These nouveaux riches are diverting into other sectors of the state’s economy, taking the lead in changing the state’s economic landscape, perhaps answering to calls from various quarters that Delta should look beyond oil.

And looking beyond oil certainly requires huge capital to make much impact, be it manufacturing, agro-allied, properties, tourism, hospitality, or financing. The state government realises this, with the establishment of the Warri Industrial and Business Park, the Asaba ICT Park and the Koko Industrial Park, which will be best achieved with big money.

And obviously believing that it will be pipe dream to expect every of this big money to come from Deltans outside the state, or from non-Deltan investors outside the state, these home-based investors are also being empowered by the state government by regular patronages, which are clearly the government’s role in encouraging them. Deltans expect more from the government as these home-based investors have exhibited profound and dedicated interests in immensely contributing to the economic growth of the state.

This growth has led many Deltans, who had come to Lagos in search of the proverbial greener pastures but who have not made a success of it, to consider relocating, or actually relocating. Relocating is not a tough decision for many. Mr. Reuben Akpode, a Deltan of Isoko ethnicity, is a newspaper vendor at Ikeja.

Now in his late 30s, he had moved down to Lagos after his secondary school in 1994, with the hope of working with his secondary school certificate, thereafter securing a part-time degree programme in order to school while working. But things did not quite work out according to his plans. According to Mr. Akpode, he only got a factory job, whose salary was not enough to cater for himself let alone save to go to school.

After many years with no better job, and considering that age was no longer on his side, Mr. Akpode returned home a few years ago, to get married, and brought his wife to Lagos. The wife, also a school certificate-holder, started trade.

It was through their combined efforts that he did a part-time Ordinary National Diploma (OND) programme at the Lagos State Polytechnic, Ikeja Campus. He hopes to return for his HND soon. Thereafter, he will relocate, with his wife and two kids, to Delta State, where an uncle has promised him a job with an oil contracting company.

Not every Deltan who is not doing well in Lagos wishes to return home, though. A clerk with a private transport company, who does not want his name in print, says he has never considered relocating home..


http://www.vanguardngr.com/2015/01/delta-state-home-grown-billionaires/

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Re: Delta State And Its Home-Grown Billionaires by Raiders: 2:23am On Jan 31, 2015
Delta "the big heart" State has lots of potential to be the richest and most powerful state in Nigeria. The only problem we have in Delta is poor leadership. We have had 2 of the worse governors in Nigeria history and I don't expect the next pdp governor to be any different because he was part of the previous governments. I hope the good people of Delta will be wise this time around in choosing their leaders in both local and state level. We really need change in my beloved state. God bless Delta State.

31 Likes

Re: Delta State And Its Home-Grown Billionaires by hyfr(m): 2:25am On Jan 31, 2015
I'm not vexed when people from that area are making it from oil, its their birth right I'm just vexed when a prostitute from yoruba will own more than one oil well why the owners languis . Biafra must take place indeed and we'd block this wells. God has equipped each tribe, to the hausas he gave Nama(cow) their leader has 150 of them, yourbas he gave.. I've forgotten, Igbos he gave oil,business intellect,strength etc so y not go to ur tents o Isreal.

50 Likes 3 Shares

Re: Delta State And Its Home-Grown Billionaires by chronique(m): 2:43am On Jan 31, 2015
Good one. I remember my days in Delta. Then,rubber(latex) was the big business most young men were involved in. Majority of them would bring the raw rubber home and it used to smell badly. But that smelly stuff fetched them lots of money with which they built houses,bought several mercedes benz cars,and cruised the prettiest chicks in town. People like Victor Odebala and Apkeki,made so much money from rubber and timber business. Rubber business was so lucrative to the extent that people were being killed an assassinated over rubber jobs.

At that time,the oil industry there was still a nascent one and the few people who worked in oil companies then,worked with companies like total,mobil,elf,national,shell,agip and nnpc. Very few Deltans could go into oil exploration. I can't remember what people like Omatseye,Okonmah,Omoraka and the likes specialized on but I know there was a young chap who had an oil exploration company called Leone star drilling. He was the first person I saw driving a toyota land-cruiser jeep then. He and Akpeki lived behind my estate(Inikoro estate) along Otite road. All these were as far back as the 80's down to the early/mid-nighties. It feels good to know that the oil industry there is booming now and young lads are getting rich via oil contracts. I'm sure a good number of my childhood friends would have towed this line now. When rubber was a big business,almost every young rugged guy was into it. Now that oil is the in-thing,I expect them to follow suit.

How I miss the good old days of the Delta.

24 Likes 1 Share

Re: Delta State And Its Home-Grown Billionaires by a2personal2013: 5:32am On Jan 31, 2015
chronique:
Good one. I remember my days in Delta. Then,rubber(latex) was the big business most young men were involved in. Majority of them would bring the raw rubber home and it used to smell badly. But that smelly stuff fetched them lots of money with which they built houses,bought several mercedes benz cars,and cruised the prettiest chicks in town. People like Victor Odebala and Apkeki,made so much money from rubber and timber business. Rubber business was so lucrative to the extent that people were being killed an assassinated over rubber jobs.

At that time,the oil industry there was still a nascent one and the few people who worked in oil companies then,worked with companies like total,mobil,elf,national,shell,agip and nnpc. Very few Deltans could go into oil exploration. I can't remember what people like Omatseye,Okonmah,Omoraka and the likes specialized on but I know there was a young chap who had an oil exploration company called Leone star drilling. He was the first person I saw driving a toyota land-cruiser jeep then. He and Akpeki lived behind my estate(Inikoro estate) along Otite road. All these were as far back as the 80's down to the early/mid-nighties. It feels good to know that the oil industry there is booming now and young lads are getting rich via oil contracts. I'm sure a good number of my childhood friends would have towed this line now. When rubber was a big business,almost every young rugged guy was into it. Now that oil is the in-thing,I expect them to follow suit.

How I miss the good old days of the Delta.



Yeah. You must be referring to Late Chief Idisi . He was a great man who ventured where others were scared. May his soul RIP

5 Likes

Re: Delta State And Its Home-Grown Billionaires by Nobody: 6:16am On Jan 31, 2015
hyfr:
I'm not vexed when people from that area are making it from oil, its their birth right I'm just vexed when a prostitute from yoruba will own more than one oil well why the owners languis . Biafra must take place indeed and we'd block this wells. God has equipped each tribe, to the hausas he gave Nama(cow) their leader has 150 of them, yourbas he gave.. I've forgotten, Igbos he gave oil,business intellect,strength etc so y not go to ur tents o Isreal.
thou art mad exceedingly how can you lump we deltas with ur parasitic ibo tribe in ur biafra agenda..... God punish you mad grasshopper

66 Likes 3 Shares

Re: Delta State And Its Home-Grown Billionaires by hyfr(m): 6:58am On Jan 31, 2015
lowgeorge:
thou art mad exceedingly how can you lump we deltas with ur parasitic ibo tribe in ur biafra agenda..... God punish you mad grasshopper
fulani cunt lmao. Idfwu

6 Likes

Re: Delta State And Its Home-Grown Billionaires by otokx(m): 7:23am On Jan 31, 2015
All the billionaires that have not made any infrastructural development in Delta State. They should go and see what their mates are doing in the east. Which Delta State "rich man" owns a radio station whose signals are received in neighbouring states?

13 Likes

Re: Delta State And Its Home-Grown Billionaires by Nobody: 8:02am On Jan 31, 2015
chronique:
Good one. I remember my days in Delta. Then,rubber(latex) was the big business most young men were involved in. Majority of them would bring the raw rubber home and it used to smell badly. But that smelly stuff fetched them lots of money with which they built houses,bought several mercedes benz cars,and cruised the prettiest chicks in town. People like Victor Odebala and Apkeki,made so much money from rubber and timber business. Rubber business was so lucrative to the extent that people were being killed an assassinated over rubber jobs.

At that time,the oil industry there was still a nascent one and the few people who worked in oil companies then,worked with companies like total,mobil,elf,national,shell,agip and nnpc. Very few Deltans could go into oil exploration. I can't remember what people like Omatseye,Okonmah,Omoraka and the likes specialized on but I know there was a young chap who had an oil exploration company called Leone star drilling. He was the first person I saw driving a toyota land-cruiser jeep then. He and Akpeki lived behind my estate(Inikoro estate) along Otite road. All these were as far back as the 80's doll wn to the early/mid-nighties. It feels good to know that the oil industry there is booming now and young lads are getting rich via oil contracts. I'm sure a good number of my childhood friends would have towed this line now. When rubber was a big business,almost every young rugged guy was into it. Now that oil is the in-thing,I expect them to follow suit.

How I miss the good old days of the Delta.
You call the owner of Lone star drilling a young chap? I know you are not older than his sons most likely same age with Edirin.

3 Likes 2 Shares

Re: Delta State And Its Home-Grown Billionaires by BokoHaramm: 8:49am On Jan 31, 2015
Its true
Re: Delta State And Its Home-Grown Billionaires by Burger01(m): 8:50am On Jan 31, 2015
Abeg no dey waste my mb over yeye thread like this. Upon all the millions and billions how have they impacted positively on their immediate environsangry

3 Likes

Re: Delta State And Its Home-Grown Billionaires by BokoHaramm: 8:50am On Jan 31, 2015
That's where the PDP is silently making people millionares through empowerment not Tinubu PLC wwhere he doles out amala to keep his people in check

6 Likes 1 Share

Re: Delta State And Its Home-Grown Billionaires by Idrismusty97(m): 8:50am On Jan 31, 2015
hyfr:
I'm not vexed when people from that area are making it from oil, its their birth right I'm just vexed when a prostitute from yoruba will own more than one oil well why the owners languis . Biafra must take place indeed and we'd block this wells. God has equipped each tribe, to the hausas he gave Nama(cow) their leader has 150 of them, yourbas he gave.. I've forgotten, Igbos he gave oil,business intellect,strength etc so y not go to ur tents o Isreal.
Do igbos now owned the south-south? Which oil are you talking about? Have Nigeria even drill a drop of oil in Biafra? Don't be greedy like your Ojukwu. Mark out your landlocked territory very well this time, Don't make the same mistake over again.

23 Likes 1 Share

Re: Delta State And Its Home-Grown Billionaires by nairaman66(m): 8:51am On Jan 31, 2015
Representing Area: 053.

God bless the State of Delta! grin

1 Like

Re: Delta State And Its Home-Grown Billionaires by lonelydora: 8:51am On Jan 31, 2015
This list is incomplete without Emami Ayiri. Warri billionaire, as he's fondly called.

1 Like

Re: Delta State And Its Home-Grown Billionaires by meshacha1: 8:51am On Jan 31, 2015
Me too will be a billioner (am saying those things which be not as though they were)
Hit like if you will be a billioner too?

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Re: Delta State And Its Home-Grown Billionaires by pekeyim: 8:52am On Jan 31, 2015
Ayiri Ayiri


I go calabar I see Godswill Akpabio



Him dash me money!!!

I'm sure You know the rest.



#Meanwhile Delta is one state I admire with Several Satellite towns.
1. Warri
2. Asaba.
3. Ugehelli
4. Agbor
5. Sapele
6. Abraka
And the list goes on....

4 Likes

Re: Delta State And Its Home-Grown Billionaires by Capitano1(m): 8:52am On Jan 31, 2015
Hmmm,corruption too much


.



.SWEAT TOO MUCH
Order now or call as offer last.
Stay dry
Re: Delta State And Its Home-Grown Billionaires by chronique(m): 8:53am On Jan 31, 2015
Pls,you mind telling me how old He was at that time? I spent my childhood in the former Bendel state before it was divided into Delta and Edo and from the much I know,the owner of Leone star drilling was a young man as at that time. He was younger than most of the big boys in Sapele as at that time. When people like Victor Odebala and Omo Gaye were making waves,I think He was just coming up then. And when I say young chap,I do not mean He's my age mate. He was young when He went into oil exploration. My parents were working in the two first banks in Sapele then and that's how I got to know most of these people. We used to go for picnic at the Sapele athletic club. Dad was a manager at the Pontu branch,while mum worked at the Boyo road branch. By the way,how old is Edirin? I'd like to know what age bracket you classed me in. grin
blink182:
You call the owner of Lone star drilling a young chap? I know you are not older than his sons most likely same age with Edirin.

7 Likes

Re: Delta State And Its Home-Grown Billionaires by apcmustwin(f): 8:54am On Jan 31, 2015
hyfr:
I'm not vexed when people from that area are making it from oil, its their birth right I'm just vexed when a prostitute from yoruba will own more than one oil well why the owners languis . Biafra must take place indeed and we'd block this wells. God has equipped each tribe, to the hausas he gave Nama(cow) their leader has 150 of them, yourbas he gave.. I've forgotten, Igbos he gave oil,business intellect,strength etc so y not go to ur tents o Isreal.




Ur foolishness has no part.
The "Yoruba prostitute" is worth hundred of ur mother and ur lineage and entire generation can never produce someone like her.

19 Likes

Re: Delta State And Its Home-Grown Billionaires by hotgunz(m): 8:54am On Jan 31, 2015
lowgeorge:
thou art mad exceedingly how can you lump we deltas with ur parasitic ibo tribe in ur biafra agenda..... God punish you mad grasshopper
and God will multiply ur stupidity in hundreds fold for nt knowin ur rite and ur geographic where was delta behind d southern and western regions era? Oops d never born u

1 Like

Re: Delta State And Its Home-Grown Billionaires by onosprince(m): 8:55am On Jan 31, 2015
My name will be on that list before the end of this year..amin
Re: Delta State And Its Home-Grown Billionaires by illswift(m): 8:56am On Jan 31, 2015
blink182:
You call the owner of Lone star drilling a young chap? I know you are not older than his sons most likely same age with Edirin.
Mahn he said in the 80's. Read well

3 Likes

Re: Delta State And Its Home-Grown Billionaires by Kagame: 8:57am On Jan 31, 2015
hyfr:
I'm not vexed when people from that area are making it from oil, its their birth right I'm just vexed when a prostitute from yoruba will own more than one oil well why the owners languis . Biafra must take place indeed and we'd block this wells. God has equipped each tribe, to the hausas he gave Nama(cow) their leader has 150 of them, yourbas he gave.. I've forgotten, Igbos he gave oil,business intellect,strength etc so y not go to ur tents o Isreal.

Please quit disgracing yourself and your tribe.

I know you are not Igbo by the way cos an educated Igbo wont exhibit such crass ignorance.

Ignore this dude, hes here to ferment trouble with his imbecilic and utopian biafran pipe dream.

7 Likes

Re: Delta State And Its Home-Grown Billionaires by Etizz: 8:58am On Jan 31, 2015
chronique:
Good one. I remember my days in Delta. Then,rubber(latex) was the big business most young men were involved in. Majority of them would bring the raw rubber home and it used to smell badly. But that smelly stuff fetched them lots of money with which they built houses,bought several mercedes benz cars,and cruised the prettiest chicks in town. People like Victor Odebala and Apkeki,made so much money from rubber and timber business. Rubber business was so lucrative to the extent that people were being killed an assassinated over rubber jobs.

At that time,the oil industry there was still a nascent one and the few people who worked in oil companies then,worked with companies like total,mobil,elf,national,shell,agip and nnpc. Very few Deltans could go into oil exploration. I can't remember what people like Omatseye,Okonmah,Omoraka and the likes specialized on but I know there was a young chap who had an oil exploration company called Leone star drilling. He was the first person I saw driving a toyota land-cruiser jeep then. He and Akpeki lived behind my estate(Inikoro estate) along Otite road. All these were as far back as the 80's down to the early/mid-nighties. It feels good to know that the oil industry there is booming now and young lads are getting rich via oil contracts. I'm sure a good number of my childhood friends would have towed this line now. When rubber was a big business,almost every young rugged guy was into it. Now that oil is the in-thing,I expect them to follow suit.

How I miss the good old days of the Delta.

U have said it all.......

1 Like

Re: Delta State And Its Home-Grown Billionaires by GBTYO: 8:59am On Jan 31, 2015
The Niger delta has always been rich.

The biggest asset there is not the oil but the upwardly mobile young people who no dey carry last at all.

4 Likes

Re: Delta State And Its Home-Grown Billionaires by madridguy(m): 9:01am On Jan 31, 2015
hyfr:
I'm not vexed when people from that area are making it from oil, its their birth right I'm just vexed when a prostitute from yoruba will own more than one oil well why the owners languis . Biafra must take place indeed and we'd block this wells. God has equipped each tribe, to the hausas he gave Nama(cow) their leader has 150 of them, yourbas he gave.. I've forgotten, Igbos he gave oil,business intellect,strength etc so y not go to ur tents o Isreal.

Why do you forget what God gave yoruba ? Well, let me help you out. God bestowed WISDOM to the yorubas.

18 Likes

Re: Delta State And Its Home-Grown Billionaires by chinchong: 9:03am On Jan 31, 2015
.

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