₦airaland Forum

Did they dispute the data? No!!!! . They accept ed the obvious: THEY HAVE FAILED

By Amina Mohammed

Lagos state Commissioner for Information, Gbenga Omotoso on Tuesday said he was not aware if the $100m paid by Dangote Group to secure a land for the building of Dangote Refinery was done during the tenure of Governor Babajide Sanwo-Olu.

Omotoso who spoke with TheScrutinyNG on telephone said he will have to find out the period the alleged sum was paid.

Chairman of Dangote Group, Aliko Dangote, has disclosed that he paid $100 million to the Lagos State government to acquire the land on which Dangote Refinery was built, contrary to the belief that it was offered to him free as an incentive.

Speaking on Saturday, the Africa’s richest man clarified that, “In the refinery, we did not, and I repeat, we did not collect one single incentive from the Federal Government of Nigeria or even Lagos State. Yes, the Lagos State gave us a good deal but we paid $100m for the land. It wasn’t a free land; we paid for it.”

When our correspondent enquired from Omotoso if the money for the land purchase was done during Governor Sanwo-Olu's tenure or his predecessors, the commissioner advised her to find out from Dangote himself

"I don't know. I will have to find out. Honestly, I don't know. But I don't understand, what is the point about that? If you want to know whether he is lying or saying the truth, why don't you ask him (Dangote)?". Ask him now" he said.

https://thescrutinyng.com/2024/07/23/refinery-i-dont-know-if-dangote-paid-100m-to-sanwo-olus-government-commissioner/

Hahhahahha..... . These guys have no idea how far dangote and his brothers would go to protect his nice like investments in lagos! na watch we go dey watch una from far!

brunnnnn...their eyes go soon clear!

SaiOba:
Baba,
They are dooling themselves, their families and all their empty agbadorian town criers who are always mas.tur,bating on their mandate and NOT all of us. We called all their scams out,,, from Nigerian air, rice pyramid,traders moni, their fight against insurgency, Palliatives, railway to Niger repulic, coastal road project, food insecurity etc.. they labeled us wailers as if after the economy is crippled to her knee and the heavens begin to fall, na only on the so called wailers head, e go fall put..make them continue with the loans ooo.. E never do, since they are hell bent in crippling this beautiful country.. they should continue borrowing and sharing among themselves.. and NOT/NEVER put the funds in good use. shior!

Femi Otedola shares a postbon the Dangote saga by Akinwumi Adesina, the President of the African Development Bank.

This whole issue on Dangote is shocking and creating bad waves for Nigeria globally. - Akinwunmi Adesina
Monopoly often exists where there are high barriers to entry or high capital costs.
How many individuals or companies can do railways? How many can do refineries of the scale of Dangote Refineries?

In a nation that has been importing refined petroleum products for several decades, the abnormal simply became very normal.
No smart investor would make a $19.5 billion investment and want it to be undermined by importers.

To manufacture is extremely expensive and risky. This is even more so in Nigeria, given the very challenging business and economic environment, fraught with policy uncertainties and policy reversals, and where the self-defeating default mode of “simply import it” is always so easily rationalized and chorused to solve any problem.

Competition is good for everyone. But is Dangote refineries anti-competitive? What is the evidence?
Has Dangote refineries prevented any other company from setting up refineries? Why have others not done so? How come they have not done so for several decades? Was it Dangote that held them back?

But Dangote refineries surely cannot be asked to ‘compete’ with importers of petroleum products.

That is not competition. Let the importers set up local refineries and compete by refining in Nigeria. That is fair and justified competition.
We cannot and must not undermine, disparage or kill local industries, talk less of one that is of this scale — a jewel of industrialisation in Nigeria.
It is more than simply delivering the cheapest product to the market. It is about domestic supply security, driving (and yes, protecting) globally competitive industries, maximizing forward and backward linkages in the local economy, job creation, reducing forex expenses and shoring up the Naira.

We must not be myopic.

This whole disparaging of Dangote is uncalled for. It is self-defeating. And it is very bad for Nigeria. Who will want to come and invest in a country that disparages and undermines its own largest investor?
Investing is tough. Pettiness is easy.
It sadly sends a signal that the price for sacrificing for Nigeria is to get sacrificed.
~ Akinwunmi Adesina

Bruhnn don turn Adesina spokeman by rettweeting or re-Xing what Adesina post! Commot eyes from another handwork whether he tief or not. Go tief or build your own!

A friend of mine opened a printing press, importing all the machines and was printing a kind of invitation cards, doing very well and even opened three warehouses. Hired workers for day and night supplying vast market.

All of a sudden some people took sample of his product to China because they saw how it was moving fast and produce it cheaply and mass import it. That was the end of the business. He had to sell all the machine as scrap , bought keke and start riding till today.

Those who want to go into mini production aren't protected. Dangote must be protected by all means.

Those people at NNPC and their subsidiaries are the brain why all our refinaries refused to refine one drop of petrol
~ Culled from Nairaland post.

The moment dangote started complaining, i immediately knew na someone as big as him dey run street from behind the scene!

So you mean attempting to secretly attempt a corporate take over of Dangote Group Shares and the other plan is subversive Acts?

Do you mean egbon Atedola no get brain to build he own refinery but would rather invest in another man business?

Aboki no get book sense no be for Dangote. He already knows where he's problem is coming from and I'm sure he's already addressing it!

No be today the guy eyes dey Dangote business. As early as this year he hinted at it, but Dangote laugh it off... thinking it was a joke.

But now that he knows Dangote credit line has ran out, he's going for the broke. Bruhnnn, you have no clue the extent Dangote and his brothers would go...

I'm sure you also realized they also knew the vulnerability of SW & Asiwaju should they go for plan A...don't ask what is Plan A. Look for El Rufai and ask him!

Envy is the biggest undoing of most friendships.....

Enjoy the screenshot please!

seunjungle1:
You rightly nail it right brother.
I don't know when exactly Dangote suddenly become their friend?
If the poster know how huge of amount Femi Otedola has in the said Dangote refinery he wouldn't have talk like slowpoke...when the refinery work was going on Otedola visitation to the plant was more than that of the said owner. This shows that uncle Femi invested hugely in that plant.
Mofos no won make Yoruba do well...whether na Yoruba dey hold their freedom is what I don't know.

The President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has said that his friend and billionaire businessman, Femi Otedola, is welcome to attempt a corporate takeover of Dangote Cement.

Dangote said this on Friday at the Dangote Cement customers appreciation event in Lagos.

While introducing some dignitaries at the event, he mentioned Otedola, saying, “We must also welcome our newest shareholder, Femi Otedola.

“There are people who fear that he is going to do the same thing he did at Transcorp; I say he’s welcome.”


On Monday, Otedola, in a statement confirmed his “significant acquisition of shares in Dangote Cement,” saying that the “strategic investment underscores his confidence in Dangote Cement’s potential to generate foreign exchange for the country and his dedication to supporting businesses that contribute to Nigeria’s economic resilience.

“Dangote Cement’s unique position with two export terminals offers a substantial opportunity to earn foreign exchange, crucial for Nigeria’s economy. This, along with the company’s pan-African presence, makes it an ideal investment choice,” said Otedola.

In April 2023, Otedola acquired a 5.52 per cent stake in Transcorp Plc, making him the second largest shareholder of the company. He was next to United Bank for Africa nominees, which owned about 9.25 per cent of the company as of December 2022.

Confirming the deal in a tweet, Otedola said, “Following this acquisition, I look forward to working with the board and management of Transcorp to realise the amazing future potential of the corporation.”

Dangote commends NUPRC interventions for crude supply
At first, it had looked like a welcome development, as both the Chairman of Transcorp, Tony Elumelu, and the firm issued public statements saying the interests in the company showed its value proposition.

However, the positive tone to the acquisition soon changed as Otedola sold the shares he bought.

In a statement, he said that his offer to buy Transcorp for N250bn was rejected. Otedola revealed that he bought the shares of the organisation because he believed in the potential of the Group to hit N2tn in valuation.

“As a businessman, I believe in healthy competition and market dynamics. Two captains cannot man a ship, and I respect the majority shareholder’s decision to buy me out. This is the nature of the game,” he said.

During the week, Dangote Cement became the first listed company to cross N10tn in market capitalisation.

It closed trading Friday at N11. 827tn with a unit of its securities priced N694.1 each.


Aliko Dangote controls about 85 per cent of Dangote Cement.


While oga Dangote thought it was just ordinary joke, the man was busy pressing button behind the scheme to really run him street!

Hahaha 🤣🤣🤣🤣🤣🤣

Hahaha 🤣 🤣 🤣 🤣 🤣... They can be frustrating you from behind the scheme and still pretend like you are all buddies!

When I knew something is amiss is after the man bought shares in Last Bank and publicly jabbed at competing with Dangote refinery!

That's when I knew correct fight go bust out very soon!

koondog:
SW is trying to frustrate Dangote. Even his so-called friend Otedola is two-faced, he's the one Dangote was talking about owning blending plant in Malta and colluding with NNPC. Dangote and Northerners know what SW are doing. They collected $100m for the land, cleaned mouth and never disclosed this publicly. What Tinubu doesn't know is the military is still largely controlled by the core North, the current environment now of immense hardship is not the right time to be playing this ugly game.

That's how vseless they are! Concerned about much better, Stable USA, than their shitty country where they connive with old thieves to keep the nation down!

doncartel:
But the old thief Soyinka does not intend to keep quiet about Donald Trump for now. He has been running his mouth and chatting shit all because Trump has not given him shishi.

The fake professor can sing praises of bin Laden if bin Laden gives him shishi.

The mask is off!

He's more vseless than Asiwaju himself! Just only after his stomach and rice hustle....

What a shameless spiteful bunch!

Goodday90:
https://pmnewsnigeria.com/2024/07/22/soyinka-i-intend-to-keep-quiet-about-tinubus-administration-for-now/

Aliko Dangote, chairman of Dangote Industries Limited, alleged some personnel of the NNPCL, oil traders and terminals had opened a blending plant in Malta

I am inundated by enquiries from family members, friends and associates on the public declaration by the President of Dangote Group that some NNPC workers have established a blending plant in Malta thereby impeding procurements from local production of Petroleum products.

To clarify the allegations regarding blending plant, I do not own or operate any business directly or by proxy anywhere in the world with the exception of a local mini Agric venture. Neither am I aware of any employee of the NNPC, that owns or operates a blending plant in Malta or anywhere else in the world.

A blending plant in Malta or any part of the world has no influence over NNPC’s business operations and strategic actions.

For further assurance, our compliance sanction grid shall apply to any NNPC employee who is established to be involved in doing so if availed and I strongly recommend that such individuals be declared public and be made known to relevant government security agencies for necessary actions in view of the grave implications for national energy security.

Mele Kyari
Group CEO, NNPCL

Previous Thread:
https://www.nairaland.com/8162311/dangote-some-nnpc-personnel-oil#131096381

Agreed 💯 %. I can imagine how the CJn be feeling right now?

All over the world, including the States, Antitrust laws are what the government use in whittling down monopolistic competition....

Ad a business, the government, Executive or Legislature does not have the power to decide what is or not .... But we Africans, I really don't know what is wrong!

Floky215:
Judiciary that is as useless and the P in psychology?

The day they passed the fraudulent presidential election judgement i knew Nigeria is finished...!!!

You can't throw a whole country under the bus for a crook and still the country to be sane...!!

We all would be here to see how the show of shame would end...!!

Either way you look at it...there is no redemption for Nigeria until the reset button in pressed and we all go back to default mode to restart again...!!!

One post written by one Igbo has suddenly become "Igbos".....

Go and stand in front of a mirror..... What you think of others is a reflection of what you are!

jyz200:
Igbos and nonsense post

NASS is compromised and cut across ethnic lines!

Only the judiciary can adjudicate on Antitrust laws....but that one naim worse pass!

slimfit1:
The NASS should come and explain their role in this case. Because they have refused to ask important questions for years with all the huge salaries they collect every month. Recall NASS members now.

Dangote is really ready for them. He has his northern brothers waiting for Asiwaju in 2027. Emir Sanusi has fired the first shot yesterday.... Interesting days ahead as they leak each other businesses Secrets!

kayusely70:
Dirty business brickbats!

Hahaha 🤣 🤣 🤣 🤣..... Instead of them to tell us they were looking for partners to use and give critical sectors to, they were fooling us that they're looking for int'l investors!

This is the reason why no single investor honored Asiwaju to invest a single dollar!

No be small awo.n Werey!

SaiOba:
Awon were.y.. Yet there are flying to every country always for foreign investors.. mtcheew!

Ok 🆗 👍 👍 awo.n werey we don hear. Oya go rest!

Esama:
You are just a useless kid you need to grow up and stop misleading your fellow bodoh

Hahaha 🤣 🤣 🤣 🤣 🤣.....

Did I mention anybody name?

The guilty runneth and fear when none pursueth! Neither is there he that is guilty and not feareth any and all accusations! I no be pasta Ohhh!

So Femi is the only SW man that's:
• Business Friend to Dangote.
• Largest shareholder in a bank.
• Former oil marketer.
• Has a blending plant in Malta.
• Has subsidiaries in Asia.
• And using ethnic affiliations to attack Dangote refinery.

Bruhnnn..... Weldon. If you say it's Femi, who am I to counter you? What you see, understand or make off from my Post is actually not my responsibility, but yours entirely!

I have absolutely nothing against the Yorubas, as many of them are my besties, but everything against Asiwaju miscreants! Yorubas are great guys....I'm not talking of Asiwaju or Oluomo crew, or that jobless old werey on nairaland!

Now, see how you think? My Post, written by a single Igbo man, has suddenly become a reference for all Igbos, right? Abeg go solve your problem.... I no sleep 😴 well yesterday because of summer Light.... Late at night.

Esama:
Dear op I'm wondering if the whole write up is coming from the cable newspaper or you just added your own? However misinformation is one of the problem that facing the country and continue doing negative impact in our society.

From all indications I can see that you are referring to Femi Otedola I know hypocrite wouldn't allow you to mention his name. If you think femi is the one that saboteurs Dangote refinery then you are just a sycophant.

As of today now femi and as far as Dangote refinery is concerned femi Otedola is the largest share in the company please go out there and investigate this claims.

My dear, Dangote is ready for them. He learned from Allen Onyeama how not to keep quiet and allow Govt officials destroy his hard work!

Emir Sanusi has fired his own shot yesterday.... And G-d go run for us as the North effectively wait for Asiwaju in 2027....to feed his back the Shege he feeds others!

Racoon:
Nice one! May the real enemies of this nation continue to self expose and annihilate themselves by themselves. Karma, providence and God @ work.

Hahaha 🤣 🤣 🤣 🤣 🤣 🤣.....

Lindlady:
Today is Tuesday and I'm going to work. How about you?

I tell you...the Op no understand what is at stake for Africa's richest man!

His hard work ruined by the Duo of BAT (Buhari and Tinubu)....

PresidObi:
Wait, because I don't understand you.

Are you advising someone who is seeing his whole life works being destroyed by stupid policies to just keep quiet and enter prison when the loan sharks come for his neck? Are you that wicked?

The man is drowning and he has to at least shout so that people will save him if possible.

Bad government na your mate?

What a great time to be alive and see saboteurs annihilate each other businesses!

A prominent man, hitherto friend to Dangote has a blending plant in Malta. Dangote knew of this, prior to now when that man acquired one of the largest banks in Nigeria. The man is a business friend of Dangote and he's from SW.

Prior to now, they both respect each other businesses and area of interest until the man crossed the line and decided to use ethnic affiliation politics to attack Dangote refinery in Lagos.

He wants a Free market, no doubt but a Free market that would benefit his foreign partners at the detriment of local investors.

He has the Financial strength as the highest shareholder in Nigeria's largest bank and also the experience as a one time Oil marketer. And he knows Dangote is extremely vulnerable because his line of credit has ran out! And if he, Dangote is not fast enough, he, the SW man, would over take Dangote as the wealthiest person in Africa!

With proper deregulation of the Downstream sector, and a well positioned blending plant in Malta and subsidiaries in Asia, his access to cheap products will ensure he has the upper hand!

Dangote wants anyone who wants to sell to Nigerians, must have local refining capacity, just like him!

How far will this battle Royale last? Expect more secrets to fly soon as they leak each other yansh!


Aliko Dangote, chairman of Dangote Industries Limited, has alleged some personnel of Nigerian National Petroleum Company (NNPC) Limited, oil traders and terminals have opened a blending plant in Malta.

Dangote spoke at the house of representatives on Monday.

An oil blending plant has no refining capability but can be used to blend re-refined oil (a used motor oil that has been treated to remove dirt, fuel, and water) with additives to create finished lubricant products.

The billionaire said the areas of the blending plants are known.

“Some of the terminals, some of the NNPC people and some traders have opened a blending plant somewhere off Malta,” the chairman said.

“We all know these areas. We know what they are doing.”

Addressing the drop in diesel prices, the billionaire said the diesel produced locally at 650 parts per million (ppm) and 700 ppm is of better quality than imported fuel.

Dangote said many vehicle issues can be traced back to the “substandard” imported fuel.

He urged the leadership of the house of representatives to set up an independent committee to verify the quality of petrol available at filling stations.

“I want you to set up a committee that will come with every representative headed by your chosen honourable member to come and lead in taking samples from filling stations because I must tell you today that all the test certificates that people are busy floating around, where are the labs? Even if they have the labs, I can tell you they are fake certificates,” he said.

“The real one that you now know that they are right is to take from the filling station and also come and take from our production line. Now, you will be able to tell Nigerians that this is it.”

On Monday, the house of representatives joint committee on petroleum resources (downstream and midstream) launched a probe into claims that local refineries, including the Dangote Petroleum Refinery, produce inferior products.

The committee is also investigating the allegations that the international oil companies (IOCs) in Nigeria are frustrating the survival of the Dangote refinery.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Dangote refinery have been embroiled in a dispute that began recently.

On July 18, Farouk Ahmed, the chief executive officer of NMDPRA had said local refineries, including the Dangote refinery, were producing inferior products compared to the ones imported into the country.

The oil regulator also accused Dangote of monopoly, claims which have been denied by the billionaire.

On Monday, Heineken Lokpobiri, minister of state petroleum resources (oil), intervened in the ‘ongoing issues’ after having a meeting with Aliko Dangote, chairman and chief executive officer (CEO) of Dangote Group and Farouk Ahmed, CEO of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

Gbenga Komolafe, CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Mele Kyari, group CEO of the Nigerian National Petroleum Corporation (NNPC) Limited were also at the meeting.

https://www.thecable.ng/dangote-some-nnpc-personnel-oil-traders-have-blending-plant-in-malta/amp/

When Allen Onyeama complained people thought he was just been mischievous. Here's the real shit!

Those vseless Govt officials have partners abroad who give them kickbacks to ensure the local Economy is not resilient!

Same thing is what you see in the power sector.

Same thing is what is holding Govt refineries from working.

Internal, intentional sabotage!

Only in Nigeria, people reason through their anus! Recently Elon Musk slugged it with the Swedish Govt, Labor Union and sympathetic Denmark and Norway joined until it was amicably resolved in respect to Tesla model electric cars!

Only in Nigeria will the Govt purposely destroy a fledgling business because they have a crony they want to go into that type of business too!


The way these online miscreants think baffles me! A man struggled whether by crook or hook, to build a $10B refinery and one old, deranged cocaine addict largely thought to be a rich man, a druggie without visible means of legit hustle other than he was a tin god in Lagos, has the temerity to create needless hurdle for his business.... mehnnnn

Hahaha 🤣 🤣 🤣 🤣 🤣..... The audacity you know! It's so easy and he doesn't find a way to become the wealthiest person in his street!


Whatever made the wealthiest black man on earth to complain, especially one who doesn't complain before, must be choking! And I trust the North are taking notes!

Revealpanda:
A peasant giving advice 😂

Wetin people dey knack and leave, naim e reach your turn, you wan grab am for only your self....You and Asiwaju no difference at all....

Brother's code, dont wife a community hole, and dont dump a private hole. Your sins are forgiven, go and sin no more!

Harrykn:
Avoid dating single mom, I don collect my own share and it’s not worth it.
I should have faced tinubu’s hardship than thinking life will be better with her.

No be who chop belleful sleep dey catch? person wey no get work, except to dey online dey support clowns....that one be like who sleep dey catch?

Dozis:
Go and sleep or worship the failure called Tinubu

Why dignify this old sewer rat that is not even accorded a proper official with a response...
Aisha Yusuf has told y'all he is a small rat that eavesdrop from window just to get the scope of things!

Dozis:
Source
https://www.vanguardngr.com/2024/07/ohanaeze-ndigbo-lampoons-bayo-onanuga-over-protest-allegation-on-peter-obi/

There is hope for Nigeria. That hope is PO. Let's give him a chance in 2027. i particularly like prudent men, aka Aka gum type of men like Po. Such men would force everyone to find a hustle! Even clowns like Reno would have no choice but to go open pure water business!

You are forgiven comrade. Go & sin no more!!!!

tinsel:
There is no hope for this country with what is happening to Dangote. I apologise for campaigning for Tinubu. This government is a total disgrace.

I will rather pray for G-d to pardon those in dungeon than to spare a minute for a man that has the guts to steal a national mandate! Fear no catch Asiwaju, old man wey suppose dey with his grand children..abi bros Seyi no born pinki?

See how Joe Biden quietly comot from the race when it became clear he is dementia! But noooo....this one wey even dey poo for body, dey busy dey shout Emilokan like craze wey hammattan beat!

bigpicture001:
Have u asked who is sponsoring the nortern protest...?

Do u know spiraling out of control violent protest can lead a country's president to run...? Ask Haiti nd many more countries...military will not b able to help as most middle ranked ofgicets are northerners who can take tinubu's appointed heads by suprise in violent disobedient nd mutiny..

One thing is fir sure the entire nation is against tinubu cuz of wide spread hunger nd suffering..

U shld b praying instead for tin in u to survive the protest.....

Then you have no idea what Dangote is talking off.... You think he is one tuke tuke CEO that the druggie can turn anyhow! By his compalins, he has drawn a battle line.... The real fighters are his brother politicians like Kwas, El Rufai and those Almajiris they will use to enforce "Rig & Roast" in the north!

Blitzking:
Dangote hasn't wronged tinubu...his northern brothers who are plotting against tinubu removal in 2027 has made tinubu use him as the fall guy to put pressure in the North and be his mouth piece to his brothers

Asiwaju has cashed out!!! He is a gonna in 2027...... Whatever made Dangote to complain publicly is the height of it!

Didi2d:
This is one reason I was suspecting the six years single term for president and governors.

Baba will be the first to serve the six years, if the six years no possible, baba go restructure the country.
My thoughts anyway

e bi like say those teeth for your mouth don tire you to take chew kulikuli..... just go join Amoteku

adekolaelect:
start nonsense and see beating .