Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,741 members, 7,817,045 topics. Date: Saturday, 04 May 2024 at 12:42 AM

Lebanese Partner Shortchanges Umoru, Plots To Take Over, Destroy Setraco Nigeria - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Lebanese Partner Shortchanges Umoru, Plots To Take Over, Destroy Setraco Nigeria (247 Views)

Julius Berger, Setraco, Others To Manage 12 Highways / Alex Otti Writes SETRACO Over Controversial Road Contract In Abia / Corpse Of Yahaya Umoru, Kogi Politician's Son Who Was Beaten To Death (2) (3) (4)

(1) (Reply)

Lebanese Partner Shortchanges Umoru, Plots To Take Over, Destroy Setraco Nigeria by ureportsAbuja: 10:27am On Sep 26, 2019
LEBANESE PARTNER SHORTCHANGES UMORU, PLOTS TO TAKE OVER, DESTROY SETRACO NIGERIA LTD
https://247ureports.com/2019/09/lebanese-partner-shortchanges-umoru-plots-to-take-over-destroy-setraco-nigeria-ltd/
-
About four decades of systematic plot by a Lebanese partner, Engineer Said Fayez Khalaf, to assume the status of a majority shareholder in Setraco Nigeria Limited with a view to eventually taking over the company from his Nigerian partner, the late Alhaji Inu Umoru, has sparked off crisis in the top management of the indigenous construction company.

Documents, detailing the registration of the company on 24th August 1977, indicated that the company was initially incorporated as Umoru-Khalaf Engineering and Contracting Company Limited, with the two subscribers, Umoru and Khalaf, holding 70% and 30% shares respectively.
Re: Lebanese Partner Shortchanges Umoru, Plots To Take Over, Destroy Setraco Nigeria by Nobody: 10:31am On Sep 26, 2019
4 decades? That's too long for a plot, don't you think?

(1) (Reply)

Ondo Labour Union Hails Gov. Aeredolu Over Regular Payment Of Workers’ Salaries. / Fundamental Question Every Nigerian Must Answer / Ganduje VS Kabir: Security Beefed Up In Kano State Ahead Of Tribunal Judgment

(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. 8
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.