CONFAMA:
Look at all the biafrans that commented above... Smh

If this were to be innoson, they would have started crying that Nigerians don't like their own.

Hypocrites!

Colombians are real owners of Proforce

pocohantas:


Yours is actually non-existent for a human. Creatures like you is why I think pregnancy should be reduced to 1mth. Ain't going through 9mths to birth a dunderhead. Gosh!

Wow, this comment is a confirmation of my previous stated observations about you, I was right then.

TundeBricklayer:





http://businessnews.com.ng/2014/01/30/nigeria-imports-1500-armoured-vehicles-yearly-proforce-boss/
Same game you guys played with LADOL, claiming to be a Yoruba, until British major stakeholders was revealed

Proforce is owned by Colombians

So we teamed up with some Columbians when we started the company means Proforce is own by the Colombians ?


And where are the Columbians today?

Today the company is 100% a Nigerian company

[s]

Sunnyobums:

Wow, this comment is a confirmation of my previous stated observations about you, I was right then.

[/s]

Go smash your phone. I am done with you, so you wouldn't be needing it anymore.

horsepower101:
The same people that spew hatred towards Innoson that makes cars for the mass market with 80% local content will come here to celebrate and display their hypocrisy. Proforce is an assembly company that customizes for customers based on orders. Their market reach is negligible when compared to Innoson.

I hope proforce succeeds unlike the hypocrites and haters that hope to see Innoson fail.

Major stakeholders are Colombians

TundeBricklayer:

Colombians are real owners of Proforce

Proforce is 100% a Nigerian company

pocohantas:
[s][/s]

Go smash your phone. I am done with you, so you wouldn't be needing it anymore.

Oh!!! so you actually give up, that's the first step towards personal development, you are a fast learner.

Solsix:

If nah innoson now una go know say nah assembly. It's proforce now and all a sudden u guys know no car manufacturing company produces all it's components

I'm a pro-innoson

PureFace1:





So we teamed up with some Columbians when we started the company means Proforce is own by the Colombians ?


And where are the Columbians today?

Today the company is 100% a Nigerian company

Same way you claimed LADOL was a Yoruba man's company, kindly read about the real owners of LADOL

Is LADOL truly a Nigerian company?

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.

PureFace1:


Proforce is 100% a Nigerian company

Major stakeholders are Colombians stop deceiving yourself

TundeBricklayer:

Major stakeholders are Colombians stop deceiving yourself

Proforce is a 100% Nigerian company In fact their plant is only in Nigeria but they have partners all over the world.

You are the one deceiving yourself

TundeBricklayer:



Same way you claimed LADOL was a Yoruba man's company, kindly read about the real owners of LADOL

Is LADOL truly a Nigerian company?

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.

No one is even claiming LADOL

AfroKnight:


Thank you.

Please educate that ziegurf whose sense has been used to buy suya for runs girls at mami market.

Proforce are primarily defence contractors. Their target market has always been Security/Defence since 2008.

It is safe to say they are ballistics experts.

..o gbadun, werey omo

PureFace1:



Proforce is a 100% Nigerian company In fact their plant is only in Nigeria but they have partners all over the world.

You are the one deceiving yourself

He acknowledged he team up with some Colombians to setup Proforce, Show me prove from CAC were they transfer their shares to him. I asked of LADOL

TundeBricklayer:
Colombians are real owners of Proforce

Isrealites are the real owners of innoson

TundeBricklayer:

Major stakeholders are Colombians stop deceiving yourself

http://olakleenholdings.com/aboutus/


Proforce is a subsidiary of Olakleenholdings limited a Nigerian company and the owner is a Nigerian

ziegurf:



..o gbadun, werey omo

How dare you

PureFace1:



No one is even claiming LADOL

You didn't claim LADOL here
https://www.nairaland.com/3918290/yorubas-most-industriousrichest-educated-tribe/43

PureFace1:



http://olakleenholdings.com/aboutus/


Proforce is a subsidiary of Olakleenholdings limited a Nigerian company and the owner is a Nigerian

Real owners are Colombians

Luckysbab:
This is a welcome development. Innoson in the east, Proforce westside. Equation balance.

...and as usual, nothing in the North

TundeBricklayer:


He acknowledged he team up with some Colombians to setup Proforce, Show me prove from CAC were they transfer their shares to him. I asked of LADOL

Proforce is a subsidiary of Olakleenholdings limited a Nigerian conglomerate

I know you don't like that it is a Yoruba company but sorry to burst your bubble this is a 100% Nigerian company

AfroKnight:


How dare you

alabosi keep on making me laugh in Swahilis tonight

CONFAMA:


Isrealites are the real owners of innoson

Show me prove

TundeBricklayer:

Real owners are Colombians

They might have team up with Columbian when the company started but today Proforce is a 100% Nigerian company

It is a subsidiary of Olakleenholdings limited a Nigerian conglomerate they have no connection to Columbians

PureFace1:



Proforce is a subsidiary of Olakleenholdings limited a Nigerian conglomerate

I know you don't like that it is a Yoruba company but sorry to burst your bubble this is a 100% Nigerian company

Same way here , you once claim Oando plc, Oriental hotel are owned by Tinubu, Glo Adenuga we now know the real owners

Ladi Janesimi front himself as owner of LADOL while he is not

TundeBricklayer:

You didn't claim LADOL here
https://www.nairaland.com/3918290/yorubas-most-industriousrichest-educated-tribe/43

Yes we have the right to claim LADOL

Because LADOL was founded by a Nigerian and the CEO is a Nigerian

It is only the investors that are foreigners

How many Nigerians even have money to invest in LADOL ?

Many Nigerians firms seek for funds outside Nigeria

PureFace1:


Yes we have the right to claim LADOL

Because LADOL was founded by a Nigerian and the CEO is a Nigerian

It is only the investors that are foreigners

How many Nigerians even have money to invest in LADOL ?

Many Nigerians firms seek for funds outside Nigeria

Whoever control the highest shares is the real owner even if the company was founded by you

TundeBricklayer:

Same way here , you once claim Oando plc, Oriental hotel are owned by Tinubu, Glo Adenuga we now know the real owners

Ladi Janesimi front himself as owner of LADOL while he is not

You are just petty

LADOL was founded by a Nigerian and it is being manage by a Nigerian so we can claim the success


It is only the investors that are foreigners

How many Nigerians can invest?


Most Nigerian firm seek for funds outside the country

PureFace1:


Yes we have the right to claim LADOL

Because LADOL was founded by a Nigerian and the CEO is a Nigerian

It is only the investors that are foreigners

How many Nigerians even have money to invest in LADOL ?

Many Nigerians firms seek for funds outside Nigeria

That was the game you guys tried to play with Oando it backfired

TundeBricklayer:

Whoever control the highest shares is the real owner even if the company was founded by you

The real owner is usually the managing director and CEO

The managing director of Olakleenholdings limited is a Nigerian and the CEO of Proforce is a Nigerian

Proforce is 100% a Nigerian company

TundeBricklayer:

That was the game you guys tried to play with Oando it backfired

Nothing backfired you are the one hating

What's left for Proforce to do is to recruit electrical electronic engineers, and software developers so that they can diversify into defense technology. That would be a huge market for them if they can do this.