Ade ogundoyin in the owner of proforce
Their factory is in ode remo in Ogun state
They are the first indigenous producers of boats helmets tyres bulletproof vests armored vehicles
They deal with everything security
Their factory is in Ogun state

More

This nairaland and error when posting pictures
Rubbish.

More

K

Ki

immortalityk:
Hmm
I'm not going to be begging any mod again
God forbid
Even though im an atheist

it might be the anti spam bot lol

Proforce appears as another big Nigerian brand though its quiet corporate personality is a little surprising. A quick visit to its website www.proforcedefence.com shows their impressive security and military auto products. It is something one should be proud of in this Independence anniversary week.

immortalityk:
Ki

they should have automated they gun aspect, instead exposing the gunner to fire he can safely operate the gun from inside

Blakjewelry:

they should have automated they gun aspect, instead exposing the gunner to fire he can safely operate the gun from inside

Yea,that's true

That boat wey I dey always see for third mainland bridge but that coffin called innoson no pass nairaland

Wow
R u sure na made in Nigeria

OPONG:
Wow
R u sure na made in Nigeria

Yea,Rivers state government purchased them last month
U can search for the news on nairaland

manmen:
That boat wey I dey always see for third mainland bridge but that coffin called innoson no pass nairaland

Someone may be somewhere thinking this one has something worthwhile...

[s]

immortalityk:
Ade ogundoyin in the owner of proforce
Their factory is in ode remo in Ogun state
They are the first indigenous producers of boats helmets tyres bulletproof vests armored vehicles
They deal with everything security
Their factory is in Ogun state

[/s]
Same way you were claiming Yoruba men ownership of Oando, Oriental hotel, LADOL

manmen:
That boat wey I dey always see for third mainland bridge but that coffin called innoson no pass nairaland

For most rational people devoid of hate, the reverse is actually the case.

We have physically seen and can verify innoson. We have never seen a ptoforce before

one missile from SADC will make an ash heap out of this scraps ,Africans cannot think out of the Box

immortalityk:
Ade ogundoyin in the owner of proforce
Their factory is in ode remo in Ogun state
They are the first indigenous producers of boats helmets tyres bulletproof vests armored vehicles
They deal with everything security
Their factory is in Ogun state

The games your men are playing to just to secure more contracts from FG all in the name of indigenous company

Kindly read

Is LADOL truly a Nigerian company?

04 September 2019 | 10:21 am
Even with the signing of the Nigerian Oil and Industry Content Development (NOGICD) Act of 2010, many Nigerian investors still exploit the old loopholes in the system to take advantage of this law.

Many Nigerians still parade foreign-owned companies as local entities to take advantage of the opportunities provided by the NOGICD Act at the detriment of the Nigerian economy.

LADOL, for instance, prides itself as a local company and is reaping the huge benefits that accrue to local companies in Nigeria but its shareholding structure appears to question this claim.

It is not an offence for foreign companies to operate in Nigeria.

After all, President Muhammadu Buhari has travelled all over the world to woo foreign investors to come into Nigeria and harness the investment opportunities his administration has created.

Also, the Vice President, Professor Yemi Osinbajo, has also made tremendous efforts to improve Nigeria’s ranking in the World Bank’s Ease of Doing Business to attract foreign companies.

Buhari and Osinbajo’s efforts have paid off by attracting many foreign companies and investments since 2015.

All these investments by foreign companies operating in Nigeria have provided employment for Nigerians and helped to grow the Nigerian economy.

The Nigerian government has also provided benefits for these foreign companies to thrive.

But it is worrisome when some foreign-owned companies parade themselves as local companies because they shortchange both the Nigerian economy and truly Nigerian companies.

Foreign-owned companies, which should enjoy the benefits provided by the Nigerian government for foreign companies have claimed to be local companies to enjoy the benefits in the NOGICD Act.

A peep into the shareholding structure of LADOL, for instance, reveals that the ownership is foreign-dominated because this conglomerate, which claims to be a bona fide Nigerian company, has its substantial 84 per cent shares held by foreign companies.

The two foreign companies that own the 84 per cent stake in LADOL are Sable Offshore Investment Limited, registered in British Virgin Island, and Alsba Ventures, also registered in the British Virgin Island.

While Sable Offshore Investment Limited has 53 per cent stake in LADOL, Alsba Ventures Group has 31 per cent.

When two foreign companies establish a company in Nigeria, the company can be rightly regarded as a foreign company.

So, substantially, and legally too, it can be argued that LADOL is a British Virgin Island company and not a Nigerian indigenous company because it is owned by entities registered in British Virgin island.

If British Virgin Island companies owned by Nigerians establish a company in Nigeria, the company is not a truly Nigerian company because it is owned by foreign companies.

When Nigerians establish companies in British Virgin Island and use these companies to set up a company in Nigeria, their motive becomes questionable and suspicious.

The question is: Why did they not set up the company in Nigeria instead of setting up companies in foreign countries and using these foreign companies to set up a company in Nigeria? What is their motive?

What are they trying to dodge? Which rules are they trying to circumvent?

It is also well known all over the world that British Virgin Island is a tax haven where companies do not pay tax.

These companies are shell companies and regulators and anti-corruption agencies in most countries have had cause to probe the business activities of these companies.

Despite this obviously foreign ownership structure, LADOL is one of the greatest beneficiaries of the opportunities provided in the NOGICD Act.

Indeed, the company has benefited enormously from the local content policy in the oil and gas sector.

The opportunities and benefits LADOL have enjoyed are clearly meant for Nigerian companies. But is it truly a Nigerian company?

Many people have called on the government regulators to probe the ownership structure of LADOL to ascertain if it is truly a Nigerian company.

The earlier this is done the better for the Nigerian economy.

Adeoye writes from Yenagoa

https://m.guardian.ng/opinion/is-ladol-truly-a-nigerian-company/

The real owners of Proforce are Colombians

TundeBricklayer:


The games your men are plying to just to secure more contract from FG all in the name of indigenous company

Kindly read

Is LADOL truly a Nigerian company?

04 September 2019 | 10:21 am
Even with the signing of the Nigerian Oil and Industry Content Development (NOGICD) Act of 2010, many Nigerian investors still exploit the old loopholes in the system to take advantage of this law.

Many Nigerians still parade foreign-owned companies as local entities to take advantage of the opportunities provided by the NOGICD Act at the detriment of the Nigerian economy.

LADOL, for instance, prides itself as a local company and is reaping the huge benefits that accrue to local companies in Nigeria but its shareholding structure appears to question this claim.

It is not an offence for foreign companies to operate in Nigeria.

After all, President Muhammadu Buhari has travelled all over the world to woo foreign investors to come into Nigeria and harness the investment opportunities his administration has created.

Also, the Vice President, Professor Yemi Osinbajo, has also made tremendous efforts to improve Nigeria’s ranking in the World Bank’s Ease of Doing Business to attract foreign companies.

Buhari and Osinbajo’s efforts have paid off by attracting many foreign companies and investments since 2015.

All these investments by foreign companies operating in Nigeria have provided employment for Nigerians and helped to grow the Nigerian economy.

The Nigerian government has also provided benefits for these foreign companies to thrive.

But it is worrisome when some foreign-owned companies parade themselves as local companies because they shortchange both the Nigerian economy and truly Nigerian companies.

Foreign-owned companies, which should enjoy the benefits provided by the Nigerian government for foreign companies have claimed to be local companies to enjoy the benefits in the NOGICD Act.

A peep into the shareholding structure of LADOL, for instance, reveals that the ownership is foreign-dominated because this conglomerate, which claims to be a bona fide Nigerian company, has its substantial 84 per cent shares held by foreign companies.

The two foreign companies that own the 84 per cent stake in LADOL are Sable Offshore Investment Limited, registered in British Virgin Island, and Alsba Ventures, also registered in the British Virgin Island.

While Sable Offshore Investment Limited has 53 per cent stake in LADOL, Alsba Ventures Group has 31 per cent.

When two foreign companies establish a company in Nigeria, the company can be rightly regarded as a foreign company.

So, substantially, and legally too, it can be argued that LADOL is a British Virgin Island company and not a Nigerian indigenous company because it is owned by entities registered in British Virgin island.

If British Virgin Island companies owned by Nigerians establish a company in Nigeria, the company is not a truly Nigerian company because it is owned by foreign companies.

When Nigerians establish companies in British Virgin Island and use these companies to set up a company in Nigeria, their motive becomes questionable and suspicious.

The question is: Why did they not set up the company in Nigeria instead of setting up companies in foreign countries and using these foreign companies to set up a company in Nigeria? What is their motive?

What are they trying to dodge? Which rules are they trying to circumvent?

It is also well known all over the world that British Virgin Island is a tax haven where companies do not pay tax.

These companies are shell companies and regulators and anti-corruption agencies in most countries have had cause to probe the business activities of these companies.

Despite this obviously foreign ownership structure, LADOL is one of the greatest beneficiaries of the opportunities provided in the NOGICD Act.

Indeed, the company has benefited enormously from the local content policy in the oil and gas sector.

The opportunities and benefits LADOL have enjoyed are clearly meant for Nigerian companies. But is it truly a Nigerian company?

Many people have called on the government regulators to probe the ownership structure of LADOL to ascertain if it is truly a Nigerian company.

The earlier this is done the better for the Nigerian economy.

Adeoye writes from Yenagoa

https://m.guardian.ng/opinion/is-ladol-truly-a-nigerian-company/

Shut up
U guys are the biggest beneficiaries of your so called imaginary loopholes
Those companies u parade here,including your innoson are part of this
When I got the list of amcon debtors from a friend and saw everybody on the full complete list,not this partial ones they release to the internet
Imagine a tribe dominating a debt list
With that your nestoil
I was just
Most of those companies u parade here are full in debt
Don't come here with a lecturing
How I see the company is how I will parade it
I don't argue with u at all about all those your 'indigenous' company
Let me parade mine
I don't know what this your epistle is for
Also ladol have their own island in Lagos
Whatever they do with it is not my problem

RTSC2:

For most rational people devoid of hate, the reverse is actually the case.

We have physically seen and can verify innoson. We have never seen a ptoforce before

Do u live In yoruba land?
Last month wike of rivers bought them
U can search for the news
Lagos Ogun Oyo are big patronizers of proforce

TundeBricklayer:
[s][/s]
Same way you were claiming Yoruba men ownership of Oando, Oriental hotel, LADOL

Ok

immortalityk:

Shut up
U guys are the biggest beneficiaries of your so called imaginary loopholes
Those companies u parade here,including your innoson are part of this
When I got the list of amcon debtors from a friend and saw everybody on the full complete list,not this partial ones they release to the internet
Imagine a tribe dominating a debt list
With that your nestoil
I was just
Most of those companies u parade here are full in debt
Don't come here with a lecturing
How I see the company is how I will parade it
I don't argue with u at all about all those your 'indigenous' company
Let me parade mine
I don't know what this your epistle is for
Also ladol have their own island in Lagos
Whatever they do with it is not my problem

Nigerians knew how Innoson started, when he was building his plant Obj was trying to frustrate him, IVM is 100% owned by Innocent Chukwuma, proforce isn't indigenous company, even Ade ogundoyin acknowledge he setup the company with some Colombians, Proforce isn't Indigenous company

immortalityk:
Ade ogundoyin in the owner of proforce
Their factory is in ode remo in Ogun state
They are the first indigenous producers of boats helmets tyres bulletproof vests armored vehicles
They deal with everything security
Their factory is in Ogun state

Nice one from the Yoruba entrepreneur. you have done great for the development of Nigeria.

RTSC2:

For most rational people devoid of hate, the reverse is actually the case.

We have physically seen and can verify innoson. We have never seen a ptoforce before

i fear this people i swear, first this first that but we have ever seen anything in real.

It’s Nigerian

TundeBricklayer:

Nigerians knew how Innoson started, when he was building his plant Obj was trying to frustrate him, IVM is 100% owned by Innocent Chukwuma, proforce isn't indigenous company, even Ade ogundoyin acknowledge he setup the company with some Colombians, Proforce isn't Indigenous company

Ok

2 Bulletproof Gun Vessel for Outright purchase - Urgent


Dear Helen

Compliment of the day. One of our clients is in need of 2 bulletproof gun vessel for outright purchase urgently.

Specs

Length: 34 - 36metre

Bean: 7.5m

Depth at side: 3.6m

Engine: 3x Caterpillar

Crew: 6

Security Personnel: 12

Speed at Cruise: 20 knots

Speed at full: 28 knots

Range @ 10 knots: 4100 nm; Range @ 20 knots: 1150 nm:

Year: from 2015

GT: 400t - 450t

Quantity: 2

Budget: $3 to $4.5 million

Note the vessels should bulletproof and resist corrosive conditions.

Attached is the sample of what they want. Kindly review the offer, send us your price, location of the vessels and purchase procedure by tomorrow.

Best regards,

TundeBricklayer:
[s][/s]
Same way you were claiming Yoruba men ownership of Oando, Oriental hotel, LADOL

Daft. So partner from Pakistan means he's not indigenous owned. You want to swell inoson is not partnering with Japanese company. Envy kill you.