Nwakaumu:
why haven't Yoruba taken loan from this bank to build a decent home in the South West so at least they can reduce the Brown roof slums that litter Ibadan,Oshogbo,Ekiti and osun.You think bank dey give poor man loan? Funny set of people.why you are hating, Igbo are excelling, and buying up you ancestral land.

And who told you that Yorubas don't have their own businesses that they run? are you an idi.ot or what?
Why haven't ur people taken up loans to upgrade that blight of a city called Aba to liveable status?

The one that even managed to source funding, decided to build in Yorubaland, while his Ebonyi brothers are still looking for potable water to drink.
Don't worry, Winter (Biafra) is coming soon for you guyz.

Garifuna:


lol, pls don't burst peoples' joy na.

Allow them to celebrate small na.

Hahahahahaha

afonjadie:
Igbo kwenu...

We are indeed developers of Lagos, Abuja, PH and beyond, Igbo kwenu,

Umuigbo Kwezuenu

You are a shameless guy if truly you are an igbo guy. See you life how miserable it's You are a developer of Lagos, Abuja and PH according to your pooh post shouting shamelessly igbokwenu pls among the places you mentioned which one of it is igboland Im sorry for igbo poeple a lot. No further comment it's late already.

YonkijiSappo:


I repeat it again, you are an Nkalagu bred Illiterate.
Did you read the part that said Nestoil has been in partnership with GTBank for over a decade?
Their partnership predates the construction of this building, and it will continue into the foreseeable future.

In case you don't know what it is called, this building is one of GTBank's hard assets.

you must be the slowest-poke in all of yoruba land if you don't know what partnership and funding means in the finance sector, go back and collect the fees you paid to whatever backwater school you attended instead of coming online to masturbate to your own unbridled ignorance!

EvilMetahuman:


Common brahhh

Did you have to punch a hole in their chest beating tonight?

Can't you just let them have this one?

Go and rescue your people in Kwara first, Lagos is no man's land

YonkijiSappo:
Honestly speaking though
These Igbos are such despicable things, eew.

How many times have we seen Hausa people come here to boast about the multimillion Dollar refinery Dangote is building in Ajah?

Left to me, Hausas are better than these people in all element of character. They were just unfortunate to have been radicalised by Islam in the not too distant past.

I kEep saying it

One dangote is better than all the igbos in lagos combined.
I will take a dangote over all igbos in south west put together.

To think 90% of dangotes investments are in south west. I wonder what would have happened if dangote happens to be an igbo man.
I really don't wanna picture the chest beating.

You will be hearing stuff like, if dangote leaves south west, south west don die be that.

FKO81:

Go and rescue your people in Kwara first, Lagos is no man's land

what is the osu slave talking about?


Don't derail the wonderful thread abeg.

YonkijiSappo:


Once again, the reply of a fool.
Okay, if it is simply nothing but a loan, why didnt he go to any of the 1 or 2 igbo banks out there to borrow the money to get the structure built?
Shebi na ordinary loan, and he is obviously rich enough to pay back?
Once again, GTBank is everything about the building and nestoil's future.

Mumunatus left and right.

after what i said, i half-expected you to go and do some research and study on finance/funding and partnership in the sector before coming back here to extend your buffoonery and empty headedness, but alas! being the half-baked nit-wit you are, you are here again non the wiser.

In reference to my earlier directive... have you gone to collect your wasted school fees yet?

judgedredd22:



after what i said, i half-expected you to go and do some research and study on finance/funding and partnership in the sector before coming back here to extend your buffoonery and empty headedness, but alas! being the half-baked nit-wit you are, you are here again non the wiser.

In reference to my earlier directive... have you gone to collect your wasted school fees yet?

Ntoor.
You can go sob into your night pillow.

judgedredd22:



you must be the slowest-poke in all of yoruba land if you don't know what partnership and funding means in the finance sector, go back and collect the fees you paid to whatever backwater school you attended of coming online to masturbate to your own unbridled ignorance!

Envious tribe that was how you guys used GTB to blackmail Innoson, you forgot Diamond bank gave load to coleman owned by Yoruba man, Fidelity funded Lagos Alausa power project, same with other Igbo banks Zenith bank and UBA. Igbos and Hausas/Fulanis, Lebanese, Indians, Chines and other tribes made Lagos, you can only dream and write trash online, be ready to face this tribes. Land grabbers

janellemonae:
Dt whole first page is truly a disgrace. I just cover my face in shame for those posters. D building wasn't even owned by d igbo guy. SMH. All this joy to try and prove dt ur better dn pple in their own region. But why are these pple like this??!!??!!?? Serious question.

Who owns the building bro?

YonkijiSappo:


And who told you that Yorubas don't have their own businesses that they run? are you an idi.ot or what?
Why haven't ur people taken up loans to upgrade that blight of a city called Aba to liveable status?

The one that even managed to source funding, decided to build in Yorubaland, while his Ebonyi brothers are still looking for potable water to drink.
Don't worry, Winter (Biafra) is coming soon for you guyz.

Until Brown roofs disappear from Ibaadan and Oshogbo, you re talking trash.As I say earlier,bank no dey give poor people loan.

20CRATES:


Are u telling me this man couldn't hv built this in Port Harcourt or Enugu?
Another reason you CAN NOT "chest beat" with this building is because the financiers, i.e the people who financially funded the construction of this building are actually Yorubas. (GT Bank). It was even solely (100%) funded by them.


Envious tribe can you provide the link

I am guessing you didn't know that.

And as you might know, GT Bank belongs to the Ooduas.
The building is still Yoruba owned. Once you are done and going to Biafra, Fola Adeola, Segun Agbaje and their team will simply "collect" their building back before you can even blink an eyelid.

Envious tribe
Can you provide the link

Afonjas with bitter hearts, and propaganda there is no link that subjected GTbank 100% sole funded Nestoil, just like Dangote refinery so many banks are funding the projects, I guess tomorrow you guys will use GTB to claim the refinery on media , Igbos controls big banks that can fund the project.

FKO81:

Go and rescue your people in Kwara first, Lagos is no man's land

You are right hope that makes you sleep well tonight..Lobatan.Sweet dreams as you search for Anambra's elusive IGR even if it is one naira.

lol...mumu really has no cure.You will put Lagos at the back of Chisco motors when you wake up from your nightmare and decide to crawl back to your village.

FKO81:
Afonjas with bitter hearts, and propaganda there is no link that subjected GTbank 100% sole funded Nestoil, just like Dangote refinery so many banks are funding the projects, I guess tomorrow you guys will use GTB to claim the refinery on media , Igbos controls big banks that can fund the project.

Oga just take cover,this one pass you

afonjadie:
Igbo kwenu...

We are indeed developers of Lagos, Abuja, PH and beyond, Igbo kwenu,

Umuigbo Kwezuenu

Must you make this a tribal thing? Are Ibos the only ones developing Nigeria?
The richest man in Nigeria is hausa,wat about the Adenuga' and the otedolas'. You are here shouting ibo.
Nigerians and their shallow way of reasoning. This is why we have issues in this nation

sukkot:
i am not impressed. it looks like council flat in stratford E15

I don't know why I find this comment funny.

Obijackson owner of nestoil is Nigeria biggest shareholder in Julius beger, and the tower was constructed by JB

Only recently Nestoil acquired IMPaC OIL and GAS Engineering Company, how does this acquisition fit into your overall strategic growth plan?
Engineering services is a crucial part of the entire EPCC chain ie Engineering, Procurement, Construction and Commissioning. Nestoil is the foremost EPCC provider in the Nigerian oil and gas sector. Before the acquisition of IMPaC, the “engineering” aspect was usually outsourced to third-party companies. The acquisition of IMPaC is aimed at adding significant value to this chain. IMPaC  is a world class engineering services company and its acquisition has impacted positively in our overall growth plan. In addition to meeting our in-house engineering services needs, IMPaC is also actively providing such services to other companies. The acquisition adds substantial resources to our existing portolio and fits perfectly into our one-stop shop consolidation strategy. IMPaC renders a broad range of engineering and consultancy services to the oil, gas and power sectors of the onshore and offshore energy industry. Specifically, IMPaC provides integrated development and innovative solutions for exploration and production facilities, offshore structures as well as pipelines and landfalls. The scope of competence includes all necessary utility systems, platforms or vessels. The engineering also includes transportation and marine installation of topsides and modules. So it really cuts across the entire chain: Procurement, Construction, Installation and Commissioning, and, if required, operations and maintenance.
Your business interests is now so diversified that one can hardly keep track with you,  tell us about this hunger for new business investment and how you are keeping track of these investments?
We have typically diversified by identifying appropriate value adding opportunities. This way, we have pioneered the introduction of skills, technology and knowledge. This has been the driving force behind our growth. Recently we entered into a joint venture with the Dutch company A. Hak drillcon to form Nesthak, a company that specialises in horizontal directional drilling [HDD]. Horizontal directional drilling is a trenchless method of installing underground pipes, conduits and cables along a prescribed path by using a surface-launched drilling rig, with minimal impact on the surrounding area. HDD constitutes an important component of many pipeline construction projects and this drilling technique is an environmentally friendly, safe, reliable and efficient alternative to conventional construction methods. HDD is more efficient, often more economical, faster and, above all, has much less impact on the environment.  So, Nesthak clients are able to take advantage of our local pipeline construction expertise with A. Hak’s advanced technology. Again, in alliance with Damen Shipyards of the Netherlands, we are presently constructing a modular floating drydock. This will streamline and consolidate our drydocking activities and meet our objectives of safe working conditions, high quality craftsmanship, more competitive pricing and overall reliability. So it’s all about appropriate diversification. We have also expanded laterally into telecommunications with Smile Communications Nigeria Ltd. “Smile” is a new telecommunications company in Nigeria focused on the provision of high-quality, reliable, superfast internet services using 4G LTE technology. Smile acquired unified access service licence in 2009 and commenced commercial operation in March this year at Ibadan. With Smile, we deliver affordable, high-quality and easy-to-use broadband internet access and communication services to customers across Africa. The brand Smile is at the forefront of harnessing technologies to create innovative solutions that enable the cost-effective deployment of advanced communication services to everyone in Africa. 
It launched its first commercial network services in Kampala, Uganda in November 2009, where it provides its customers with voice and messaging services, with or without the ownership of a handset and expanded to Tanzania, Uganda and the Democratic Republic of Congo. . 
Our services are now available in Lagos, with plans to cover Port Harcourt and Abuja in a few months. To support our diversification, we have embarked on aggressive senior management recruitment that will enable us monitor our investments in various sectors. We have all our investments very much in focus.
What informed the restructuring of Nestoil being carried out by KPMG – is it designed to make the company conform to international best practice or what?
Yes. Indeed we engaged the services of  KPMG/Alliance Law Firm to guide us through the process of restructuring. This was informed by the need to ensure that our continued growth is anchored on international best practice culture regime. The Board felt that there was a need to set up structures and implement key corporate governance principles that will position Nestoil and its associate companies as a world class group.  So far we are very much on track.The restructuring by KPMG will include Enterprise Restructuring that will see Nestoil Plc and other associate companies prepare for their IPO within the next 18 months.
Your foray into power has not been as successful as you would have wished, at least for now. Is this affecting the timelines for your growth plan?
Certainly not. Challenges are usual in business, particularly at the level where we are playing. We are currently developing the Okija Independent Power Plant.The first phase, which we are working on presently, is a 495MW open cycle plant worth $700 million. Steady power generation is a pathway to economic growth. It’s a long-term investment and we are ready for the long haul. An international bid process has selected GE, Julius Berger and Daewoo as the EPC contractors for construction beginning January 2016.
Many see Nestoil as reference point for the success story of the local content law. What is your reaction to that?
Understandably, we are proud to be a reference point. Despite seeming odds, we persisted and steadily developed what is arguably one of the largest diversified oil and gas industry service groups in Nigeria, with the ability to implement highly complex projects in areas such as pipeline construction,  pressure vessel fabrication, mechanical and civil works, flowstation upgrade, dredging, oil exploration and production. These works are done by a highly motivated workforce that is 98% Nigerian. The Local Content Act has also allowed indigenous companies to grow on an unprecedented scale and acquire assets. For example, Nestoil’s strategic business unit – Gobowen Exploration and Production Limited - led the NECONDE Consortium (consisting of Gobowen Exploration and Production Limited, Aries Exploration and Production and Poland’s Kulczyk Oil Ventures) to acquire a 45% participating interest in OML 42, a large oil block in the swamps of Niger Delta from Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited, and Nigerian Agip Oil Company Limited. The remaining 55% participating interest in OML 42 is held by NNPC. With nearly 1 billion barrels of crude oil and trillions of cubic feet of gas, OML 42 is one of the biggest assets in the Shell divestment drive. In addition, Gobowenacquired substantial shares in the Oriri field (OML 88) in the Niger Delta from Goland PDC and have also acquired 51% participating interest in OPL 917 – an onshore block – among other assets we are contemplating. We are a prime example of how local companies can make an impact if given a level playing field to perform. People who are interested in participating in the oil and gas sector, see us as a symbol of encouragement. Nestoil can be replicated by other Nigerians, but they have to be patient, committed and be willing to learn over time. These are attributes we imbibed and are still practising till date. The Group known as Obijackson Group has grown into several other companies with diverse cross-sector interests in different aspects of the economy. We have offices on three continents and employ well over 2,000 people.
Another area we are particularly proud of at Nestoil is our drive for community development. Our community relationships are a vital component of our business operations, and is reflected in a number of our philanthropic commitments channeled mostly through our foundation - The Obijackson Foundation. We work quietly to enhance academics, sporting events and providing the necessary socio-economic support to society.
How has the policy  worked and the challenges still faced by indigenous companies and what needs to be done to increase local participation in the oil industry?
The Local Content Act changed the Nigerian oil and gas landscape as it gave more local companies opportunity to compete on a level playing field. As an economic policy, it has positive implications for employment with significant multiplier effect. Finance and capacity building has continued to be a challenge, but I am of the view, these challenges are usual for such a far reaching policy as the local content concept. There are also issues of adequate well-trained personnel. Again, this I believe will be conquered over time. The situation now is much better than we met it when we set up shop over two decades ago.
And it can only get better. One of our associate companies, Energy Works Technology Limited has the largest and one-of-a-kind offshore fabrication facility in West Africa. Recently, we successfully rolled out the first of 3 Clad Plates being 90+4mm Thick Clad weighing 20 Tonnes for SPDC Soku Nag Separator – this feat is a first for the Nigerian Fabrication Industry.
A lot of people say doing business in Nigeria is very tough; tell me what it has been like for you especially bearing in mind the sensitive nature of the sector you operate in?
It was and still is a tough environment to say the least particularly in our sector. The early days were quite challenging, primarily because the climate of the early nineties was not receptive to an indigenous player competing against better established foreign entities. Confidence, finance, pedigree, qualified personnel, were all teething problems associated with that era. But we persevered. With the benefit of hindsight, we were pioneering a movement that paved the way for greater local participation and ultimately made the Local Content Act realisable.
Rapidly, you seem to be trying to consolidate your presence in the upstream. What has informed this new and aggressive drive?
Our drive to go upstream is being fuelled by our drive to cover the entire oil and gas value chain, and ensure forward and backward integration. We started out as an oil and gas service company, then moved to acquire oil and gas assets as a way of consolidating our hold in oil and gas production. Our oil and gas assets would be useful in our quest for power generation. Our extensive gas reserves from our joint ownership of OML 42, for example, can be used to generate power.
This would no doubt transform you from an oil service company working for the IOCs to a competitor with IOCs
Yes of course. Our block is already producing oil – just like the IOCs produce oil. So yes, that makes us basically competitors in the same market.
Your company is currently undertaking the construction of a massive seventeen-story building to house your corporate headquarters; tell me how significant the project is for the overall profile of your company?
The Nestoil Towers ia another testimonial of our commitment to investment in the Nigerian economy, innovation and environmental consciousness. It has been designed and is being constructed as a green building. By constructing a certified green building, we are responding to some of the most important challenges of our time: climate change, over dependence on non-sustainable sources of energy – with an ecologically responsible solution. Upon completion, our new corporate head quarters will be a veritable symbol of how a local company participation in oil and gas, can add value to the Nigerian economy. It is a bold statement of strategic importance to our company. The project is progressing smoothly and by God’s grace we shall commission the building sometime in 2015. The structure is being built to meet the Leadership in Energy and Environmental Design (LEED) standards of certification and has a Silver rating. LEED was developed by the U.S. Green Building Counsel to provide a framework for applicable and measurable green building solutions.

And that is how Yoruba posters turned ipod piglets into orphans in a thread they came to make noise on.

Did anyone notice that none of the ipod piglets mentioned Biafra on this thread?

PearlStreet:
And that is how Yoruba posters turned ipod piglets into orphans in a thread they came to make noise on.

Did anyone notice that none of the ipod piglets mentioned Biafra on this thread?

Lagos is no man's land go an face your slums cities and earthquake ravaging zone

FKO81:

Lagos is no man's land go an face your slums cities and earthquake ravaging zone

Lagos belongs to the Yorubas and that's why no one from your lineage of nonentities can ever become the Governor of Lagos. Tí ó bà lé tọ́ka si iga bàbá e l'eko, ọmọ àlè olórí pẹlẹbẹ ní ẹ.

At best, you can become the Governor of a backwater state like the Ugwu exporter and distribute empty jerrycans to signify the empty heads of your people.

BuariCopyPaste:
Have you seen why Afonjas cry blue murder when igbos say they want to secede

Just imagine that atmosphere had he not DEVELOPED the area.

The funny thing is that some clueless afonja warriors will include this tower and that of other Igbo buildings in Lagos while masturbating on how developed their land is.

I can bet my scrotum the original owner of that piece of land sold it out and relocated farther into the slum.

Mehnnn Time to go. Our dear land is calling. Biafra land.. It shall be well.

bukiboy:


This your tribal sentiment mentality will sure destroy you if you don't change.

Kudos to the Igbos but what have you done with your life personally?

See me see wahala o, which kind guilty conscience be this one? Did I mention your name, did I mention Afonja? What is tribal in my post.... yeye Afonja with complex

Better repent or you die of heart failure

PearlStreet:


Lagos belongs to the Yorubas and that's why no one from your lineage of nonentities can ever become the Governor of Lagos. Tí ó bà lé tọ́ka si iga bàbá e l'eko, ọmọ àlè olórí pẹlẹbẹ ní ẹ.

At best, you can become the Governor of a backwater state like the Ugwu exporter and distribute empty jerrycans to signify the empty heads of your people.

Gradually . we are now in state house of assembly soon Alausa government house Awories, Binis, Eguns, Nupes etc migrated to Lagos earlier before Igbos, Hausas, Ijaws later joined, Igbos fast buying up lands in Lagos, you can only rant online

Lakulos:


Must you make this a tribal thing? Are Ibos the only ones developing Nigeria?
The richest man in Nigeria is hausa,wat about the Adenuga' and the otedolas'. You are here shouting ibo.
Nigerians and their shallow way of reasoning. This is why we have issues in this nation

See wahala, how is my post tribal kwa? Igbo's are indeed developers, the richest man in Nigeria is Dangote not show me his Towers or Cooperate head office towers, Also show me that of Adenuga Or Otedola and I will show you more from tens of Igbo developers including our women like Stella Odua.

And hey there, Nigerians issue is not because I decided to appreciate the great Igbo race, rather because Nigeria have refuse to appreciate them so quit deceiving yourself and cut that hypocritical bull crap.

klax:


You are a shameless guy if truly you are an igbo guy. See you life how miserable it's You are a developer of Lagos, Abuja and PH according to your pooh post shouting shamelessly igbokwenu pls among the places you mentioned which one of it is igboland Im sorry for igbo poeple a lot. No further comment it's late already.

Igbo's are developers, and Igbo's developed Lagos alongside Hausa fulani led FG, Afonjas like you are Abule slum dwellers who have developed nothing but the lagoon, lagoon water from developers.

Hate all you want PH is Igboland but you should be more concerned about Lagos which the Oba said in not Afonja land which the Yorubas have been trying to steal for ages, now go and develop you cesspit IB Abule slum....