Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,165,237 members, 7,860,513 topics. Date: Friday, 14 June 2024 at 11:59 AM

N4bn Port Facilities Decay In Onitsha 5 Years After - Politics (9) - Nairaland

Nairaland Forum / Nairaland / General / Politics / N4bn Port Facilities Decay In Onitsha 5 Years After (37752 Views)

UGM Attack Onitsha, 5 Soldiers Killed In Bloody Attack / Maina Drags Reno Omokri To Court Over Corruption Allegations, Seeks N4bn / BREAKING: Saharareporters Floors Saraki @ Appeal Court, N4bn Judgement Overturnd (2) (3) (4)

(1) (2) (3) ... (6) (7) (8) (9) (10) (Reply) (Go Down)

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Anambralstson: 12:03pm On Jun 02, 2018
Jaideyone:
lol you and this your infantile rants grin

nnewi has maybe 5/6 billionaires worth 1b dollars each on the average while the ijebu axis of ogun state has the adenuga (5.8b beating all your many nnewi billionaires grin), the late bayou kuku, folorunsho alakija (2.8b; combined wealth of at least two nnewi billionaires), subomi balogun, keshinton adebutu the popular Baba ijebu (do you know how much this guy makes from lottery daily? grin), kuforiji, gbenga ashiru and many more.

just three of those i mentioned up there (adenuga, adebutu and alakija) can buy up and enslave all your lesser nnewi billionaires grin.

if ijebu wasn't divided into half a dozen small towns it will have more billionaires than nnewi and 3x the networth of your so called nnewi billionaires grin


stop the infantile rants and just accept defeat grin

ogun state has more billionaires than two of your states put together!!! just pick two of your states with the highest number of billionaires grin
So now you disagree with Forbes
Boy you reason like a child, just read you comment again, seriously you are dumb. Google Billionaires from Nnewi
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by aribisala0(m): 12:05pm On Jun 02, 2018
Anambralstson:
So now you disagree with Forbes
Boy you are reason like a child, just read you comment again, seriously you are dumb. Google Billionaires from Nnewi
people disagree with the bible why can't they diagree with Forbes or Google

1 Like

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Anambralstson: 12:10pm On Jun 02, 2018
aribisala0:

people disagree with the bible why can't they diagree with Forbes or Google
You believe Forbes when it favor your own and disagree with Forbes when it didn't favor you grin that's hypocrisy, remind your dumb brother that Alakija is from Osun not Ijebu, he even listed Baba Ijebu grin

1 Like

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by aribisala0(m): 12:14pm On Jun 02, 2018
Anambralstson:

You believe Forbes when it favor your own and disagree with Forbes when it didn't favor you grin that's hypocrisy, remind your dumb brother that Alakija is from Osun not Ijebu, he even listed Baba Ijebu grin
What has any of that got to do with a river port at Onitsha

2 Likes

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Iceberg3: 12:44pm On Jun 02, 2018
LaudableXX:

Breach of Rule 2: Mods ban this poster.

Lzaa haba! What did thou to osuofia? grin grin grin

BAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAAAA
grin grin grin

Why sprayeth thou his anuxxs with pepper? grin

1 Like 1 Share

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by LZAA: 12:49pm On Jun 02, 2018
Iceberg3:


Lzaa haba! What did thou to osuofia? grin grin grin

BAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAAAA
grin grin grin

Why sprayeth thou his anuxxs with pepper? grin
grin grin

1 Like 1 Share

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by LaudableXX: 1:04pm On Jun 02, 2018
Iceberg3:
Lzaa haba! What did thou to Iceberg3 the osuofia? grin grin grin

BAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAAAAA
grin grin grin

Why sprayeth thou Iceberg3's anuxxs with pepper? grin
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Jaideyone(m): 1:29pm On Jun 02, 2018
Anambralstson:
So now you disagree with Forbes
Boy you reason like a child, just read you comment again, seriously you are dumb. Google Billionaires from Nnewi
you have comprehension problem. nnewi is a single town. ijebu is a collection of towns. done arguing with you jare

1 Like

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by nwa79: 1:55pm On Jun 02, 2018
congratulation to all our subscribers...only if you believe..will deal only on games correct score and normal one..100 percent sure once is ready..boost your account and see detail below..winning is guaranteed..call or whatsapp..if you are interested..thanks

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Anambralstson: 2:02pm On Jun 02, 2018
Jaideyone:
you have comprehension problem. nnewi is a single town. ijebu is a collection of towns. done arguing with you jare
Point is Adenuga is mall boy when compare to Arthur Eze that's fact not Forbes gossip My be I should informed you the guy behind the Smile network that won preferred bidder of 9mobile, bidding they screamed Adenuga out because of his poor financial muscle, do more research on Ernest Azudialor Founder Nestoil group and Smile network Africa
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Jaideyone(m): 2:27pm On Jun 02, 2018
Anambralstson:

Point is Adenuga is mall boy when compare to Arthur Eze that's fact not Forbes gossip My be I should informed you the guy behind the Smile network that won preferred bidder of 9mobile, bidding they screamed Adenuga out because of his poor financial muscle, do more research on Ernest Azudialor Founder Nestoil group and Smile network Africa
lol fact indeed. kwep making a fool of yourself. I'll believe you when Forbes rates Arthur eze ahead of adenuga. for now it's the other way round grin your crying won't change it

1 Like

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Anambralstson: 2:57pm On Jun 02, 2018
Jaideyone:
lol fact indeed. kwep making a fool of yourself. I'll believe you when Forbes rates Arthur eze ahead of adenuga. for now it's the other way round grin your crying won't change it
comparing Arthur and Adenuga is an insult to Arthur let compare Adenuga and Obijackson group own by Ernest Azudialor chairman Smile network Africa, whose three companies is listed on London stock market,


Read
Three companies under the Obijackson Group, a wholly Nigerian business concern, made the inaugural edition of the London Stock Exchange, LSE, “Companies to Inspire Africa” list, a report from LSE stated. The report which showcases Africa’s success stories to international investors, policy makers and other stakeholders in the global space listed the companies as Nestoil Limited, Energy Works Technology, EWT and B&Q Dredging. Nestoil Limited was said to be a Nigerian indigenous leader in oil and gas pipeline construction. EWT is a foremost United Kingdom Accreditation Service, UKAS, certified manufacturer of pressure vessels, process plant equipment, and oil and gas steel structures fabricator in West Africa, while B&Q Dredging was said to have the largest fleet of dredgers in Nigeria. According to a commentary by the World Bank Treasurer, Arumah Oteh, “The companies profiled in this report, not only generate vital employment opportunities and contribute to sustainable economic growth, but are also the bastions of best practices and good corporate governance. They have also had to weather the challenges that African private entities often have to contend with, notably a difficult operating environment, weak infrastructure and inadequate access to finance”. Also speaking the Chief Executive Officer of the LSE Group, Xavier Rolet noted that “the motivation behind researching and publishing this report, was to demonstrate what we instinctively believe, that these companies are fundamental to the successful future of the African economy, with enormous potentials for growth and high quality job creation. High growth private companies are fast becoming the driving force behind African economies and are developing skills, creating high quality jobs and driving economic growth”. Commenting on this achievement, Dr. Ernest Azudialu-Obiejesi, Group Managing Director of the Obijackson Group stated: “This recognition has joined the list of factors propelling our Group forward to the achievement of greater level of best practices, good governance, quality and efficiency, in our effort to help lift a huge number of people out of poverty on the African continent. We happily accept the recognition and interpret it as a call for us in the Obijackson Group to remain focused in our mission of contributing substantially to economic growth, further creation of quality jobs, training and sustaining some of the best talents in Africa, generation of tax revenues and helping to drive forward our continent of Africa that is home to more than one billion people”. In building the list of ‘Companies to Inspire Africa’, the LSE collaborated with several reputable international organisations with a history of unwavering credibility. These included Price Waterhouse Coopers (PwC), CDC Group, African Development Bank and other notable institutions. Highlighting the efficiency of the companies listed in the report, the CEO of the London Stock Exchange Group indicated that “The companies listed and profiled in the report boast an impressive average compound annual growth rate of 16 percent”. Similarly, Professor Edward Scicluna, an economist, who is also the Maltese Minister of Finance and President of the Council of the European Union (EU) said “that the companies like those showcased in the ‘Companies to Inspire Africa’ report will generate productive jobs and sustainable livelihoods, and that the report is an admirable milestone in the rise of Africa’s entrepreneurs, sharing their success with the global community”. Priti Patel, a member of the British Parliament and the British Secretary of State, Department for International Development averred that “Companies to Inspire Africa’ showcases some of the outstanding stories of innovation, bravery and growth across the continent. It brings Africa’s entrepreneurial spirit to an international audience, and I would like to congratulate all the companies featured, for their vision, ambition and tenacity. It is their success that will drive Africa forward to a future of prosperity and away from reliance on international aid”. Related

Read more at: https://www.vanguardngr.com/2017/05/obijackson-group-makes-london-stock-exchange-companies-inspire-africa-list/

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Jaideyone(m): 3:43pm On Jun 02, 2018
Anambralstson:
comparing Arthur and Adenuga is an insult to Arthur let compare Adenuga and Obijackson group own by Ernest Azudialor chairman Smile network Africa, whose three companies is listed on London stock market,


Read
Three companies under the Obijackson Group, a wholly Nigerian business concern, made the inaugural edition of the London Stock Exchange, LSE, “Companies to Inspire Africa” list, a report from LSE stated. The report which showcases Africa’s success stories to international investors, policy makers and other stakeholders in the global space listed the companies as Nestoil Limited, Energy Works Technology, EWT and B&Q Dredging. Nestoil Limited was said to be a Nigerian indigenous leader in oil and gas pipeline construction. EWT is a foremost United Kingdom Accreditation Service, UKAS, certified manufacturer of pressure vessels, process plant equipment, and oil and gas steel structures fabricator in West Africa, while B&Q Dredging was said to have the largest fleet of dredgers in Nigeria. According to a commentary by the World Bank Treasurer, Arumah Oteh, “The companies profiled in this report, not only generate vital employment opportunities and contribute to sustainable economic growth, but are also the bastions of best practices and good corporate governance. They have also had to weather the challenges that African private entities often have to contend with, notably a difficult operating environment, weak infrastructure and inadequate access to finance”. Also speaking the Chief Executive Officer of the LSE Group, Xavier Rolet noted that “the motivation behind researching and publishing this report, was to demonstrate what we instinctively believe, that these companies are fundamental to the successful future of the African economy, with enormous potentials for growth and high quality job creation. High growth private companies are fast becoming the driving force behind African economies and are developing skills, creating high quality jobs and driving economic growth”. Commenting on this achievement, Dr. Ernest Azudialu-Obiejesi, Group Managing Director of the Obijackson Group stated: “This recognition has joined the list of factors propelling our Group forward to the achievement of greater level of best practices, good governance, quality and efficiency, in our effort to help lift a huge number of people out of poverty on the African continent. We happily accept the recognition and interpret it as a call for us in the Obijackson Group to remain focused in our mission of contributing substantially to economic growth, further creation of quality jobs, training and sustaining some of the best talents in Africa, generation of tax revenues and helping to drive forward our continent of Africa that is home to more than one billion people”. In building the list of ‘Companies to Inspire Africa’, the LSE collaborated with several reputable international organisations with a history of unwavering credibility. These included Price Waterhouse Coopers (PwC), CDC Group, African Development Bank and other notable institutions. Highlighting the efficiency of the companies listed in the report, the CEO of the London Stock Exchange Group indicated that “The companies listed and profiled in the report boast an impressive average compound annual growth rate of 16 percent”. Similarly, Professor Edward Scicluna, an economist, who is also the Maltese Minister of Finance and President of the Council of the European Union (EU) said “that the companies like those showcased in the ‘Companies to Inspire Africa’ report will generate productive jobs and sustainable livelihoods, and that the report is an admirable milestone in the rise of Africa’s entrepreneurs, sharing their success with the global community”. Priti Patel, a member of the British Parliament and the British Secretary of State, Department for International Development averred that “Companies to Inspire Africa’ showcases some of the outstanding stories of innovation, bravery and growth across the continent. It brings Africa’s entrepreneurial spirit to an international audience, and I would like to congratulate all the companies featured, for their vision, ambition and tenacity. It is their success that will drive Africa forward to a future of prosperity and away from reliance on international aid”. Related

Read more at: https://www.vanguardngr.com/2017/05/obijackson-group-makes-london-stock-exchange-companies-inspire-africa-list/
you like irrelevant news grin so because his business is listed on NSE is automatically richer than otedola? if he likes let him list it on all exchanges in the world he's still not in the top 10!!!

this is the top 4

-dangote
-adenuga
-otedola
-alakija

followed by
-ty danjuma
-rabiu
-elumelu

the richest Ibo man comes a distant 7th grin

have a nice day grin

2 Likes

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Anambralstson: 4:37pm On Jun 02, 2018
Jaideyone:
you like irrelevant news grin so because his business is listed on NSE is automatically richer than otedola? if he likes let him list it on all exchanges in the world he's still not in the top 10!!!

this is the top 4

-dangote
-adenuga
-otedola
-alakija

followed by
-ty danjuma
-rabiu
-elumelu

the richest Ibo man comes a distant 7th grin

have a nice day grin

Otedola is a media man he is below Obijackson in financial muscle, his Forte oil which Obj forcefully took away from the Igbo man that won the bid as African petroleum (AP), now his is planning to sale his assets in Nigeria and Ghana, Nestoil was founded by Ernest Azudialor and is one of the leading indigenous oil companies in Nigeria. I can still lecture you on Alakija oil firm Famfa oil limited

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Anambralstson: 4:52pm On Jun 02, 2018
Jaideyone:
you like irrelevant news grin so because his business is listed on NSE is automatically richer than otedola? if he likes let him list it on all exchanges in the world he's still not in the top 10!!!

this is the top 4

-dangote
-adenuga
-otedola
-alakija

followed by
-ty danjuma
-rabiu
-elumelu

the richest Ibo man comes a distant 7th grin

have a nice day grin


Nestoil Limited is part of the Obijackson Group of companies. Obijackson Group is an extensive business conglomerate with diverse cross-sector interests. It operates on three continents.
The Obijackson Group, one of the fastest growing business conglomerates in Sub Saharan Africa, has made vast investments in its operating divisions such as: Oil and Gas Exploration and Production, Pressure Vessel Fabrication, Power Generation, Dredging and Marine Logistics, Aviation, Civil and infrastructural construction and Real Estate.
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by LaudableXX: 4:58pm On Jun 02, 2018
Anambralstson:

Point is Adenuga is mall boy when compare to Arthur Eze that's fact not Forbes gossip My be I should informed you the guy behind the Smile network that won preferred bidder of 9mobile, bidding they screamed Adenuga out because of his poor financial muscle, do more research on Ernest Azudialor Founder Nestoil group and Smile network Africa

Smile could never have won that thing. sad They do not have the core technical expertise or adequate experience, to manage a 3G-4G GSM network like 9Mobile, successfully. They are still struggling to even handle their current operations successfully, and you want them to handle Etisalat/9Mobile? They will run it aground in no time!
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Jaideyone(m): 5:46pm On Jun 02, 2018
Anambralstson:


Nestoil Limited is part of the Obijackson Group of companies. Obijackson Group is an extensive business conglomerate with diverse cross-sector interests. It operates on three continents.
The Obijackson Group, one of the fastest growing business conglomerates in Sub Saharan Africa, has made vast investments in its operating divisions such as: Oil and Gas Exploration and Production, Pressure Vessel Fabrication, Power Generation, Dredging and Marine Logistics, Aviation, Civil and infrastructural construction and Real Estate.
lol you have serious comprehension issues

1 Like

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Moneywomen17(m): 6:46pm On Jun 02, 2018
Anambralstson:


Nestoil Limited is part of the Obijackson Group of companies. Obijackson Group is an extensive business conglomerate with diverse cross-sector interests. It operates on three continents.
The Obijackson Group, one of the fastest growing business conglomerates in Sub Saharan Africa, has made vast investments in its operating divisions such as: Oil and Gas Exploration and Production, Pressure Vessel Fabrication, Power Generation, Dredging and Marine Logistics, Aviation, Civil and infrastructural construction and Real Estate.
whats is the point of this Forbes have the information of this obi jackson and also have the information of things Arthur eze have but they still put adenuga otedola and alakija way above them in 234 respectively with ur Arthur eze not even making top 10. This obi Jackson i don’t even think he makes top 20.

2 Likes

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Moneywomen17(m): 6:47pm On Jun 02, 2018
Jaideyone:
lol you have serious comprehension issues
u are speaking to a guy leaving in a bigger denial than I have ever seen before.
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Moneywomen17(m): 6:54pm On Jun 02, 2018
Anambralstson:

Otedola is a media man he is below Obijackson in financial muscle, his Forte oil which Obj forcefully took away from the Igbo man that won the bid as African petroleum (AP), now his is planning to sale his assets in Nigeria and Ghana, Nestoil was founded by Ernest Azudialor and is one of the leading indigenous oil companies in Nigeria. I can still lecture you on Alakija oil firm Famfa oil limited
u are not capable of giving any lecture cuz ur brain is peanut size and u are very delusional. I too can post irrelevant information about debt or things being sold of but it matters not coz the most important net worth measuring company Forbes knows it and after calculating assets and subtracting it from the liabilities(debt) it came up with the fact that the richest ibo man is not as rich as alakija.

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Jaideyone(m): 7:03pm On Jun 02, 2018
Anambralstson:

Otedola is a media man he is below Obijackson in financial muscle, his Forte oil which Obj forcefully took away from the Igbo man that won the bid as African petroleum (AP), now his is planning to sale his assets in Nigeria and Ghana, Nestoil was founded by Ernest Azudialor and is one of the leading indigenous oil companies in Nigeria. I can still lecture you on Alakija oil firm Famfa oil limited
lol @ media man

you like deluding yourself.

So obj just took away another man's company? who is the mysterious Ibo man that won the bid as African petroleum? grin otedola was chairman of African petroleum as at 2009 and the company later rebranded to forte oil under the same Femi again. so where is the Ibo man and the Obasanjo in the equation? grin Obasanjo left government 2007 and AP changed name to forte oil in 2009 yet you find it easy to insert one imaginary Ibo man in the equation and blame an afonja man for stealing his businessgrin

http://allafrica.com/stories/201012300582.html

up there is how African petroleum rebranded and changed to forte oil under the same Femi otedola who was the chairman since June 2007 (note that Obasanjo was not president in June 2007).
see
https://www.bloomberg.com/profiles/people/15867524-femi-otedola

you have all the hallmark of a deluded fellow with low self esteem grin that's why you always want to play the victim even when you lose out cos you were the under dog from the beginning cool

still waiting for you to tell me the story of forte oil/African petroleum, the Ibo man and Obasanjo's thieving skills grin

I'm waiting cool

3 Likes

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Jaideyone(m): 7:05pm On Jun 02, 2018
Moneywomen17:
whats is the point of this Forbes have the information of this obi jackson and also have the information of things Arthur eze have but they still put adenuga otedola and alakija way above them in 234 respectively with ur Arthur eze not even making top 10. This obi Jackson i don’t even think he makes top 20.
Forbes will put 3 afonjas ahead because Forbes was influenced by Obasanjo the afonja man grin


that's the way he reasons

3 Likes

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Jaideyone(m): 7:09pm On Jun 02, 2018
Moneywomen17:
u are speaking to a guy leaving in a bigger denial than I have ever seen before.
I swear the guy is a clown grin see his comment up there about how obj stole African petroleum from an Ibo man and gave it to otedola to change it to forte oil. otedola became the chairman of African petroleum after Obasanjo left office and otedola was chairman of African petroleum for four years before it rebranded and changed to forte oil in 2011!!!

see how he turned the truth to another of his "we are the victim" stories grin


that guy should be locked up in a mental facility grin

2 Likes

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Moneywomen17(m): 7:12pm On Jun 02, 2018
Jaideyone:
Forbes will put 3 afonjas ahead because Forbes was influenced by Obasanjo the afonja man grin


that's the way he reasons
u are wrong na afonja owns Forbes his name his Ahmed oladele and he is a afonja Muslim lol. Most of the yeye blogger even some iPob own put those 4 above any other in Nigeria but like I said some this iPob site he is getting his from says Arthur eze is worth 5.8 billion and Forbes doesn’t know about it coz he likes to lay low but only the ipob sites knows it.
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Moneywomen17(m): 7:15pm On Jun 02, 2018
Jaideyone:
I swear the guy is a clown grin see his comment up there about how obj stole African petroleum from an Ibo man and gave it to otedola to change it to forte oil. otedola became the chairman of African petroleum after Obasanjo left office and otedola was chairman of African petroleum for four years before it rebranded and changed to forte oil in 2011!!!

see how he turned the truth to another of his "we are the victim" stories grin


that guy should be locked up in a mental facility grin
my guy don’t take it too personal if u do u go hurt urself they say a lot of ridiculous things just laugh and use fact to dismantle it and non bias audiences will judge who is right.
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Jaideyone(m): 7:37pm On Jun 02, 2018
Moneywomen17:
u are wrong na afonja owns Forbes his name his Ahmed oladele and he is a afonja Muslim lol. Most of the yeye blogger even some iPob own put those 4 above any other in Nigeria but like I said some this iPob site he is getting his from says Arthur eze is worth 5.8 billion and Forbes doesn’t know about it coz he likes to lay low but only the ipob sites knows it.
that guy is a clown grin

1 Like

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Jaideyone(m): 7:39pm On Jun 02, 2018
aribisala0:
What has any of that got to do with a river port at Onitsha
let him continue arguing against a reputable source like Forbes grin

1 Like

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by BabaRamota1980: 7:40pm On Jun 02, 2018
Anambralstson:

You believe Forbes when it favor your own and disagree with Forbes when it didn't favor you grin that's hypocrisy, remind your dumb brother that Alakija is from Osun not Ijebu, he even listed Baba Ijebu grin

Alakija from Osun ke? Maybe her husband is from Osun. Thats an Ijebu woman from Ikorodu.

1 Like

Re: N4bn Port Facilities Decay In Onitsha 5 Years After by BabaRamota1980: 7:43pm On Jun 02, 2018
Moneywomen17:
u are wrong na afonja owns Forbes his name his Ahmed oladele and he is a afonja Muslim lol. Most of the yeye blogger even some iPob own put those 4 above any other in Nigeria but like I said some this iPob site he is getting his from says Arthur eze is worth 5.8 billion and Forbes doesn’t know about it coz he likes to lay low but only the ipob sites knows it.

Una go kill persin. grin grin

All afonja should backoff and leave my blodas alone. grin
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Anambralstson: 7:55pm On Jun 02, 2018
Moneywomen17:
u are not capable of giving any lecture cuz ur brain is peanut size and u are very delusional. I too can post irrelevant information about debt or things being sold of but it matters not coz the most important net worth measuring company Forbes knows it and after calculating assets and subtracting it from the liabilities(debt) it came up with the fact that the richest ibo man is not as rich as alakija.

OML 42 field is not the only oil well own by nestoil, beside within the same period of struggle for the operatorship of the field, crude oil price crashed and worsened a bad situation and the Niger Delta militants struck and bombed the crude evacuation pipeline of the field, the Forcados pipeline, forcing the terminal to shut down for 16 months between February 2016 and June 2017.According to Edozie, the potential production from the asset was 100,000 barrels per day (bpd) at the time of purchase, but on completion of the acquisition, production was about 52,000 bpd.
Following the long battle for operatorship of the field, attacks on oil facility, especially the blowing up of the Forcados pipeline on February 13, 2016, which is the only means of transporting oil from the fields to the terminal, production dropped to zero, The well is no longer profit and the real need to pay some debts
Re: N4bn Port Facilities Decay In Onitsha 5 Years After by Anambralstson: 9:04pm On Jun 02, 2018
Jaideyone:
lol @ media man

you like deluding yourself.

So obj just took away another man's company? who is the mysterious Ibo man that won the bid as African petroleum? grin otedola was chairman of African petroleum as at 2009 and the company later rebranded to forte oil under the same Femi again. so where is the Ibo man and the Obasanjo in the equation? grin Obasanjo left government 2007 and AP changed name to forte oil in 2009 yet you find it easy to insert one imaginary Ibo man in the equation and blame an afonja man for stealing his businessgrin

http://allafrica.com/stories/201012300582.html



up there is how African petroleum rebranded and changed to forte oil under the same Femi otedola who was the chairman since June 2007 (note that Obasanjo was not president in June 2007).
see
https://www.bloomberg.com/profiles/people/15867524-femi-otedola

you have all the hallmark of a deluded fellow with low self esteem grin that's why you always want to play the victim even when you lose out cos you were the under dog from the beginning cool

still waiting for you to tell me the story of forte oil/African petroleum, the Ibo man and Obasanjo's thieving skills grin

I'm waiting cool

Good Morning Ladies and Gentlemen of the Press: I have facts and data that show without any doubt that Mr Femi Otedola has been Milking African Petroleum for his private gains for the past two years.

I wrote several memos and petitions about this as the Finance Director of AP to all the Directors AP, the DG of the Securities and Exchange Commission, The President of the Stock Exchange and the Police and we have received no response. My lawyer has also written a petition to the EFCC on this issue. I am now compelled to come to the public and state the facts, so that if anything should happen to me, everyone will know who is responsible and why. I am not a wealthy man with friends in high places, but I am a professional accountant and I refuse to be a part of falsehood. I am currently being persecuted because I refused to cook the books as requested by Femi Otedola, I also refused to allow Mr Otedola to continue to siphon money out of AP for the benefit of himself and his other companies. AP is quoted on the Nigerian Stock Exchange and the shareholders need to know what s going on!

Now, please let me fill you in with the facts.

Please bear with me that I may not be eloquent, but the facts speak for themselves.

In 2009, African Petroleum plc made a loss of about N15 Billion, this was due to the fact that the Chairman’s companies (Zenon Petroleum and Gas Company Limited, Platinum Fleet Limited and Fineshade Energy limited) started selling products to African Petroleum Plc at Higher prices than normal, at times higher than the retail pump price at gas station.

In September 2009, the Finance Director prepared a management account where the company made a loss of N9.7 Billion. The loss was not acceptable to the chairman who brought in others to produce an alternative account that showed a profit of N957 million. They also suggested that we warehouse N15Billion as un-reconciled inventories and to seek board approval to amortized it over five years. This was not acceptable to me as Finance Director because the causes of loss making were known.

Prior to this time, I have requested that the companies of the Executive Chairman refund the N15B owed or supply the products as this was the cause of the loss.

The Executive Chairman ensured that his companies supplied products to African Petroleum Plc without contract or agreed prices.

As a result of this and many other issues, the chairman was asked to step down as chief executive officer and he did.

The reasons for the losses recorded in 2009 are:

1. The executive Chairman forced African Petroleum Plc to take products from his companies at prices higher than the normal.

2. The Executive Chairman forced the company to pay for products in advance. The amount outstanding as at 31st December 2009 was N10B

3. The loss on Petroleum Products Price Regulatory Authority (PPPRA) rebate on imported products is N32 Billion because the purchase was from the Chairman instead of direct import that would have been more profitable.

4. The loss due to Chairman’s companies over loaded invoices is approximately N4 Billion.

5. African Petroleum paid rent of N1B for the use of the Zenon house in Victoria Island

6. Mixing up Zenon transactions with Africa petroleum PLC

a. The Chairman forced the company to use his Tank Farms for storage of African Petroleum’s products

b. As at 31st December 2009 the differences on premium motor spirit (PMS) was 28, 347,742 litres valued at 1.9billion. The Union in AP i.e. NUPENG and PENGASSAN have also demanded the removal of the chairman and the black listing of his companies as suppliers to AP.

As the Executive Director, Finance and IT of African Petroleum, I have queried various transactions and this has led to so many suspensions and various allegations without the right response from the authority concerned at this time we are trying to ensure that our values are restored, considering the fight against corruption.
I have made presentations to the board of African Petroleum PLC on these abuses; I have written memos to the Managing Directors and copied all directors of AP on these abuses.
On the 5th of July 2010, there was a scheduled board meeting of AP Plc; the chairman stormed the venue with 150 armed mobile police men. He entered the lift with too many security operatives thereby overloading the lift. Thereafter the lift got stuck and we got a report from CFAO and the maintenance engineer that clearly stated that there was no foul play.
Instead of following the instructions of the rescuers, Mr Otedola was busy banging his head on the lift door and pressing various buttons (we were told). He came out from the lift and he ordered the Managing Director, Mr. Tunde Falasinnu, the finance director, Mr. Clement Aviomoh and the company secretary Mrs. Elizabeth Idigwe out of the scheduled board room.

(1) (2) (3) ... (6) (7) (8) (9) (10) (Reply)

Obaseki Should Kiss APC Ticket Goodbye If Oshiomhole Delivers Kogi & Bayelsa / Amina Mohammed In A Queue At Abuja Airport (Pics) / Shehu Sani Reacts To Nnamdi Kanu's Judgement

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 90
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.