winterfell007:


Before you call this half-truth, go and read about the BIP for the Cement industry introduced sometime BTW 2003 and 2004. Use the services of Google. I'm igbo too before u tag me an 'Afonja' but when I see d truth I say it. It might true Ibeto was really mistreated by OBJ but his mistreatment was certainly not that he was 'igbo' it was a flagrant disregard of the policy he (Ibeto) aswell as other players appended their signature to.
Dangote, being a capitalist just took advantage of his competitor's travail to build a Cement empire. Had it been Ibeto showed some form of commitment to BIP, OBJ would not have come down heavily on him. I'm sure he'd have given Dangote a run for his money.

horsepower101:


After all the cheating and injustice, today peace airline is expanding massively and is about to make Enugu airport its hub.

Even an imo state man ( I forgot his name)owns a major airline in Swaziland.

Igbo progress can never be stopped. We are not regular Africans that you beat down and they remain in the ground forever.

post=67855810:
Fact is enemies can't cage Igbos, the world is vast, the market is huge, Umu Igbo will keep progressing.

winterfell007:


Before you call this half-truth, go and read about the BIP for the Cement industry introduced sometime BTW 2003 and 2004. Use the services of Google. I'm igbo too before u tag me an 'Afonja' but when I see d truth I say it. It might true Ibeto was really mistreated by OBJ but his mistreatment was certainly not that he was 'igbo' it was a flagrant disregard of the policy he (Ibeto) aswell as other players appended their signature to.
Dangote, being a capitalist just took advantage of his competitor's travail to build a Cement empire. Had it been Ibeto showed some form of commitment to BIP, OBJ would not have come down heavily on him. I'm sure he'd have given Dangote a run for his money.

Nodogragra4me:



Is it due diligence of Milost or the Nigerian companies?

One great secret from your post is that Milost have been trying to gain a foothold here in Nigeria and Ibeto seems like a game already from the story

deenee:



As usual you have used alot of big grammar with plenty financial terms that are incoherent and mean nothing but will of course brain wash a lay man.

Tell me how covertible bonds, long term capacity building and profiteering(which has a negative conotation)all fit into one sentence.


Back to the matter, for those who follow news well, Milost has been in the new recently for all shades of bad!

They tried to invest in japaul oil, unity bank and even resort savings but the transactions didn't scale through as there were issues around due diligence bordering on the investor. Some even say that Milost is a conduit pipe for money laundering just as they have said same for the online trading platforms like jumia and konga

I don't have much details about the deal yet but let watch and see as events unfold

GreatDealsNig:
Healthy competition is best for consumers, they will get the best quality at the best prices.

New(sealed) Xiaomi note 4 for sale
WhatsApp contact on signature

sarrki:


Shut up

Who is caging who

Igbos are the problem

Stop all this your no make sense post

einsteine:


Milost Global is a shady, scammy private equity entity. There is little transparency in the kinds of deals they have been cutting in Nigeria. In fact, they have been implicated in market manipulation, most notably, in the case of Japaul.

Komu1048:
What is my business when his market is east n few s/s.
Imagine if innoson is situated in Lagos...
Most Nigerian will be driving n talking about it.
But they are just there to represent nothing than symbol

Komu1048:
What is my business when his market is east n few s/s.
Imagine if innoson is situated in Lagos...
Most Nigerian will be driving n talking about it.
But they are just there to represent nothing than symbol

sarrki:

Shut up
Who is caging who
Igbos are the problem
Stop all this your no make sense post

Nodogragra4me:





Ibeto will hold down the south east and make inroads into the south south . No doubt . Dan keeps the rest of the country in rancorous partnership with others like the BUA group


At the end everybody will be happy if greed is curtailed amongst them.

Ibeto made a very deft move with this one .... certainly from experience of what he suffered in the hands of OBJ ..... now he has the American heavily invested in his empire... shut it down without good reason and have yourself a tea party with American investors and lobbyist in the White House

winterfell007:
My igbo brothers can brag for Africa!! First of all, Ibeto caused his own downfall. Had it been he keyed into OBJ's backward integration policy for the Cement industry, his story would have been a lot different.
I could remember when OBJ called all stakeholder in the Cement business including the likes of Dangote, BUA, Lafarge and Ibeto to announce the new the policy direction, Ibeto felt it's just another Govt. Hogwash.

While Dangote and others began acquiring defunct Cement plants like the one in Gboko to revamp it and mine the limestones locally, Ibeto felt it was a whole lot easier for him to import the 'clinkers' and simply process it in his factory at Portharcourt. Dangote and BUA followed Govt new policy and began investing in backward integration. I could remember when OBJ gave all of the players a timeline to execute this policy. Dangote felt he could not be investing so much in BIP while his competitors will simply flout the policy to continue to import the clinker, process it and they'll all sell to the same market. OBJ assured Dangote that his investment in BIP would not be in vain because he was helping the govt in conserving forex.
Obj reminded Ibeto of the policy they all agreed to in 2003 only for Ibeto to pay lip service promising to look into the policy

It dawned on Ibeto when OBJ decided to take punitive measures against him for flouting the BIP(Backward intervention plan) only for Ibeto to cry 'witch-hunt' that Obj is targeting him because he's igbo.
Anyway to cut the long story short, Dangote took advantage of the punitive measure against his direct rival to build the biggest Cement plant in Africa and that was his story changed for good. Ibeto should thanks his stars that Yaradua had pity on him.

winterfell007:
My igbo brothers can brag for Africa!! First of all, Ibeto caused his own downfall. Had it been he keyed into OBJ's backward integration policy for the Cement industry, his story would have been a lot different.
I could remember when OBJ called all stakeholder in the Cement business including the likes of Dangote, BUA, Lafarge and Ibeto to announce the new the policy direction, Ibeto felt it's just another Govt. Hogwash.

While Dangote and others began acquiring defunct Cement plants like the one in Gboko to revamp it and mine the limestones locally, Ibeto felt it was a whole lot easier for him to import the 'clinkers' and simply process it in his factory at Portharcourt. Dangote and BUA followed Govt new policy and began investing in backward integration. I could remember when OBJ gave all of the players a timeline to execute this policy. Dangote felt he could not be investing so much in BIP while his competitors will simply flout the policy to continue to import the clinker, process it and they'll all sell to the same market. OBJ assured Dangote that his investment in BIP would not be in vain because he was helping the govt in conserving forex.
Obj reminded Ibeto of the policy they all agreed to in 2003 only for Ibeto to pay lip service promising to look into the policy

It dawned on Ibeto when OBJ decided to take punitive measures against him for flouting the BIP(Backward intervention plan) only for Ibeto to cry 'witch-hunt' that Obj is targeting him because he's igbo.
Anyway to cut the long story short, Dangote took advantage of the punitive measure against his direct rival to build the biggest Cement plant in Africa and that was his story changed for good. Ibeto should thanks his stars that Yaradua had pity on him.

sarrki:


Shut up

Who is caging who

Igbos are the problem

Stop all this your no make sense post

einsteine:


Milost Global is a shady, scammy private equity entity. There is little transparency in the kinds of deals they have been cutting in Nigeria. In fact, they have been implicated in market manipulation, most notably, in the case of Japaul.

winterfell007:
[b][/b]

When you reveal the truth to my igbo brethens, they don't like to listen. They are always driven by sentiments and this 'persecution complex' it makes me sick.
First of all, I read about the phony deal, Milost Global had with Japaul Maritime Services and how they intended to acquire Unity Bank. Such a company who's full of opaque. How could Ibeto be dealing with such a company commiting broad-day light fraud

post=67855768:
NEW YORK, May 24, 2018
Ibeto Cement Company Limited (“Ibeto”), a Nigerian cement company has executed a binding MESA (Milost Equity Subscription Agreement) with Milost Global Inc. for a $850 million financing, of which $500 million is in equity and $350 million debt. The Company has also started the process going public a reverse merger in the United States as efforts to become a publicly traded company. On Friday May, 25 the Nigerian Dollar Billionaire Chief Cletus Ibeto will personally consummate the acquisition of a publicly traded Company the he will used to reverse the assets of his cement business in America, the final acquisition and definitive agreements have already been executed. The transaction was solely advised by Palewater Advisory Group Inc., and the going public transaction will allow Ibeto Cement to raise enough capital in the US public markets outside the Milost financing as well and put the company in the forefront of the cement industry in Africa. Chief Ibeto plans to grow the company beyond west Africa through the acquisition of other profitable cement businesses outside Nigeria within the next 12 months, this will be done at the back for the development of the two new plants.

Dr Cletus M. Ibeto, Chairman of Ibeto Cement Company Limited, stated, “Our key strategic objective in the vast and extensive development of the cement business in Nigeria and the West African sub-region is to make cement affordable to all Nigerians and tiers of government in such a way that they should be able to develop modest homes for themselves and their families inclusive of road infrastructure. As far as I am concerned and with the knowledge I have and what I know in this business, the cement business is an investors’ haven especially in Nigeria and a much more profitable business than even crude oil where a lot of people think is the best place to invest. This probably explains why the few people in the business have deliberately created very strong barriers to entry into the industry for prospective investors. It is therefore my honest belief that this reverse merger will enable us to accomplish this objective. In the end and, in line with our strategic intent and objective, we are geared to be a world-class cement company in terms of quality, affordability, innovation, service, environment, safety, and corporate governance and also to be a part of building the country’s needed infrastructure all of which certainly guarantees good returns on investment for the stakeholders.”

Solly S. Asibey, Senior Partner & CIO of Milost Global Inc., stated, “International equity, coupled with the diversification of our investment portfolio is key to our strategy for growth in emerging markets. Excellence, innovation, unparalleled strategy, industry knowledge, favourable IRR and strong leadership epitomises the partnership between Milost and Chief Cletus Ibeto. This is a great investment opportunity for Milost, and the financial engineering behind the structuring of the transaction will catapult Ibeto Cement to exceptional heights.”

Kim Freeman, Managing Partner & CEO of Milost Global Inc., also stated, “Ibeto Cement is an important investment for Milost in Nigeria and indeed Africa. We expect this transaction to provide a template for our other investments in Africa which will continue to enhance the value of the companies we invest in as well as value for our investors.”

About Ibeto Cement Company Limited

Ibeto Cement Company Limited, a privately held company incorporated under Nigerian law, is one of the most dominant players in the fast-growing cement industry in Nigeria and, by extension, Africa. To increase its production and packaging capacity, the Ibeto Cement Company Limited is currently developing two cement plants in Nigeria: one in Ebonyi State and one in Cross River State/Abia State. Each plant is a state-of-the-art 6,000 tonne per day plant sitting on abundant deposits of quality limestone at both ends.
Ibeto Cement Company Limited is owned by the industrial Nigerian billionaire - Dr. Cletus Madubugwu Ibeto, CON. Dr Ibeto is a world-class business leader and entrepreneur who has built successful companies/industries in Nigeria and beyond. Through Ibeto Cement Company Limited, Dr Ibeto has seriously impacted the cement market in Nigeria. This transaction will enable Ibeto Cement Company Limited to raise sufficient capital to dominate the industry in Nigeria and the West African sub region as a whole.

About Milost Global Inc.
Milost Global Inc. is an American Private Equity firm that is headquartered in New York City, with more than $25 billion in committed capital. Milost is at the intersection of creative investing and value creation. Milost is also a provider of alternative capital, mezzanine finance, and alternative lending to a broad range of industries across the globe including Technology, Transport, Cannabis, Education, Distribution, Mining, Oil & Gas, Financial Services, Healthcare, Pharmaceuticals, Real Estate, Alternative Energy and Infrastructure Development. www.milostglobal.com

About Palewater Advisory Group Inc.

Palewater Advisory Group is a multinational corporate and public affairs advisory firm with headquarters in New York. We specialise in cross-border and M&A transactions, financing, public affairs, political campaign capital raising and strategy. Collectively as the team, we have had an excellent track record with more than 1000 references in our line of advisory work. We have a robust and yet solid network of contacts with specific focus on certain core industries, investment and banking communities. Our directors, leaders, professionals, and senior advisors collectively provide access to senior industrial, political, economic, government and financial decision makers throughout the world.
We provide individual and personal advice and react swiftly to our clients’ needs, while always providing direct access to the team, including the partners involved. As a professional services firm, we provide the best possible advice based on confidentiality and total discretion. We are committed to the principles of integrity and client service, and operate free from any conflict of interest.
https://nairametrics.com/ibeto-cement-reportedly-signs-850-million-financing-agreement-with-milost-global/

Nodogragra4me:



Milost couldn't have been operating from New York as a shady,scammy private entity with 25 billion dollar investment already. There is no APC, PDP in new York to join and take cover.

Check welland you are likely to discover it was the Nigerians who would want to rig the market not the Americans knowing the consequences back home

horsepower101:
The world is a 7 billion people market. Ndigbo need to continue moving beyond Nigeria when striking business deals. There are trillions of dollar markets worldwide to tap into and build stronger partnerships.

Leave the Nigerian haters to die of jealousy and sorrow.

Progroms in the north and west Never stopped us.

Civil war with its devastation never stopped us.

Abandoned properties never stopped us.

20 pound policy never stopped us.

Indigenization policy never stopped us.

Obasanjo crony capitalism never stopped us.

And so on.

Buhari is just a child's play when factoring everything we have been through in this contraption.

We shall eventually get to the promised land and nothing can stop it.

horsepower101:
The world is a 7 billion people market. Ndigbo need to continue moving beyond Nigeria when striking business deals. There are trillions of dollar markets worldwide to tap into and build stronger partnerships.

Leave the Nigerian haters to die of jealousy and sorrow.

Progroms in the north and west Never stopped us.

Civil war with its devastation never stopped us.

Abandoned properties never stopped us.

20 pound policy never stopped us.

Indigenization policy never stopped us.

Obasanjo crony capitalism never stopped us.

And so on.

Buhari is just a child's play when factoring everything we have been through in this contraption.

We shall eventually get to the promised land and nothing can stop it.

einsteine:


Even in America, there has been little to no evidence that the company, Milost actually operates from there. You can research on Milost Global to know better. They are, for lack of a better word, shady. The 25 billion dollar investment is without proof. Calls to their phones go unanswered. The US address on their site is untraceable. Read up more on their issues.

Nodogragra4me:

winterfell007:
[/b]

einsteine:


Even in America, there has been little to no evidence that the company, Milost actually operates from there. You can research on Milost Global to know better. They are, for lack of a better word, shady. The 25 billion dollar investment is without proof. Calls to their phones go unanswered. The US address on their site is untraceable. Read up more on their issues.

deenee:



As usual you have used alot of big grammar with plenty financial terms that are incoherent and mean nothing but will of course brain wash a lay man.

Tell me how covertible bonds, long term capacity building and profiteering(which has a negative conotation)all fit into one sentence.


Back to the matter, for those who follow news well, Milost has been in the new recently for all shades of bad!

They tried to invest in japaul oil, unity bank and even resort savings but the transactions didn't scale through as there were issues around due diligence bordering on the investor. Some even say that Milost is a conduit pipe for money laundering just as they have said same for the online trading platforms like jumia and konga

I don't have much details about the deal yet but let watch and see as events unfold

Komu1048:
What is my business when his market is east n few s/s.
Imagine if innoson is situated in Lagos...
Most Nigerian will be driving n talking about it.
But they are just there to represent nothing than symbol

Nodogragra4me:



A 25 billion dollar company based in New York trying to defraud Japaul. They have their home government to deal with.,., remember Halliburton.

Go and ask Japaul for the truth.... They are Nigerians and can manipulate the press to clean up their mess. Milost is looking for enterprise that will agree to abide by the rules of the game not one that will bring in product and then like that king with a very big depot in Lagos, secretly issue another bank account to customers to make payment thereby abandoning their agreement.