voltron:
Tony Elumelu has annoyed Jagaban -

hw ?

im hurt.

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I don't know about nig law,but I know that in a sane country a legal biding contract can't be terminated just like that.I smell fashola was bought off this massive scam of 1m a yr contract.God is watching.

Let's see what the court will say about that.

Afriland Properties belong to UBA Group, Jagaban of Africa doesn't have a stake in it , but I believe it's politicise.

Tinubu ruling for the third time

Mcowubaba:

hw ?

HEIRS HOLDINGS OWNS AFRILAND PROPERTIES.
\

euromilion:
I don't know about nig law,but I know that in a sane country a legal biding contract can't be terminated just like that.I smell fashola was bought off this massive scam of 1m a yr contract.God is watching.

Let's see what the court will say about that.

Your point makes a lot of sense. While I agree the concession cost at 1m per year for a prime location as Falomo is very low, we however do not know the full terms of the contract.

Governor Ambode terminating the contract without recourse to the concessionaires sends negative signals to future investors on government instability which is not healthy for long term investment opportunities. Again we don't know if the concessionaires were pre-informed before the termination.

Ideal thing would have been to follow court process for either upward review of the contract or seek cancellation through the courts. Again we await more details to truly understand what happened.

Bacteriocin:
Ghenghen.
Something tells me this man will fail.
With the look of things, na kick and start he dey do. And the road is still far ahead.
Fashola wey him and Tinubu wan disgrace don already dey with baba and dey can't do nada.
My tot oooo.
B4 una go come dey pinch me small small and if over one million people dey pinch person, na die b dat o

he has failed already bro... The stupid accountant was dead on arrarrival..... He still has fresh on his big face, wait till people begin to curse him he will rearrange

voltron:

HEIRS HOLDINGS OWNS AFRILAND PROPERTIES. \

okk

maestroferddi:
I will not take Buhari serious till he probes Lagos from 1999 till date.

Fighting corruption goes beyond allowing certain individuals use the proceeds of corruption to float media platforms and using same to spread spurious propaganda.

Nigerians are no fools...

Nigerians are no fools, r u sure bout dat, coz way some people talk on NL shows otherwise

Smooyis:
If the termination is in the masses interest, then it is a welcome development.

his just preparing ground 4 WALMART, i think

tinsel:

Afriland is owned by Tony Elumelu. It is a member of UBA group.

Afriland was formerly known as UBA Properties. UBA Properties was spun-off UBA, same way UBA Registrars now Africa Prudential Registrars was spun-off, UBA Capital now United Capital was spun-off.


Afriland , United Capital and Africa Prudential Registrars are now stand alone corporate entities and nolonger part of the UBA group. Heirs Holding owns about 20% shares of Afriland,

It will be wrong to say Afriland is owned by Tony.

Read this to be more informed about Tony antecedents in Afriland and how he got 249 million shares of Afriland that is 20% through a purported mereger between Heir Real Estate and Afriland. This merger was midwifed by Tony's cronies on the board of Afriland. Afriland would have been a better company without the coming of Heirs, which has now led to short-changing of about 280,000 shareholders.


http://www.stockmarketnigeria.com/forums/real-estate-investment-trusts-reit/3526-afriland-properties.html

emmatok:


Afriland is UBA subsidiary

it is no longer a subsidiary of UBA. UBA spun-off her non core subsidiaries about 3 years ago.

Kelklein:
[size=15pt] IT'S END TIME... PLS BE VERY CAREFUL
[/size]

Yesterday was the 18th of August 2015.

Meaning 18+8+15=41

We are in the 21st century; 21 × 41 = 861

Then combine the figures we have 861+2015=2,886

It was yesterday so minus "1"
2,886-1= 2,885

As you can see, it doesn't make any sense at all.

Thank You for your attention.

You can now go back to what you were doing.

Nothing do you!

So those guys where paying that low when things are extremely expensive in that mall, well let's wait and see what a higher payment would lead to

Ambode, playing to the script of the Jagaban. Let me just stay calm and watch from the side line.

All these crap in an effort to rubbish Fashola's achievements during his 8yrs of doing wonders and transforming Lagos, thus painting him bad. Ambode and Tinubu should stop this back stabbing and move on with consolidating on Fashola's achievement. Ambode should know that we are watching to know what he will do to match or surpass those of Fashola. The truth is Fashola's achiements complete swallow whatever Tinubu might have achieved, the only thing lagosians are grateful to Tinubu for is that he mistakenly gave us Fashola. So leave our saint for us.

if jimi agbaje has any sense at all he should start getting ready for 2019 from now. he should broaden his horizon and develop tangible management skills

this is apc last term in lagos.

initiate:
if jimi agbaje has any sense at all he should start getting ready for 2019 from now. he should broaden his horizon and develop tangible management skills

this is apc last term in lagos.

You people said more than that last time. These 2 have never liked each other but they will always pull together for elections

That is 1million per year.......

eleven:


Your point makes a lot of sense. While I agree the concession cost at 1m per year for a prime location as Falomo is very low, we however do not know the full terms of the contract.

Governor Ambode terminating the contract without recourse to the concessionaires sends negative signals to future investors on government instability which is not healthy for long term investment opportunities. Again we don't know if the concessionaires were pre-informed before the termination.

Ideal thing would have been to follow court process for either upward review of the contract or seek cancellation through the courts. Again we await more details to truly understand what happened.

1m per year is not too small considering the fact that Afriland is handling the whole project from scratch to finish and will still pay tax to Lagos state government. Apart from other added value like Employment e.t.c

Also note Afriland is not making any money yet from the concession because they are still constructing, and the years of concession reducing.
Lagos Government will have to pay huge some to Afriland before cancelling the concession.

Bacteriocin:
Ghenghen.
Something tells me this man will fail.
With the look of things, na kick and start he dey do. And the road is still far ahead.
Fashola wey him and Tinubu wan disgrace don already dey with baba and dey can't do nada.
My tot oooo.
B4 una go come dey pinch me small small and if over one million people dey pinch person, na die b dat o

that is not your business.

Go and face your wast bin at aba,

disumusa:
that is not your business.

Go and face your wast bin at aba,

Wetin dey happen for aba?