Wyttcat: Ibos still don't know Yoruba as their boss. They are almost deaf and blind to reality. They quickly rushed out to create this thread 3 days after Yoruba did theirs, claiming from.Chinese company to listing gala shops to what don't exist. Upon all, they are still struggling to crawl while Yoruba are on marathon. I won't be surprised if they completely abandon it to go and camp on Yoruba's thread. Ibos think they can shout their way to relevance when there's nothing on ground to support their claims. Abeg noise is not music.
Even with the chest beating and claims that they own everything, all the lies, duplication, recycling and page elongation copy and paste like this joker just did and nestoil, they are still crawling with nothing relevant to show.
All they do is shout, beat chest and make noise all over the place, but nothing to show as depicted in this thread.
honourhim: Oga there is no region that does not shout marginalization in Nigeria. Its just a normal thing here. North, South, East and West are all guilty of shouting marginalization at one time or the order so trying to make it an igbo thing alone is quite hypocritical.
I have been to Ogun state, Ekiti state and Oyo state and there is nothing fantastic about them, in terms of beauty, that makes Igbo land appear bad before them. If you are telling me about land mass then I can agree. I also agree in the area of industries built in your region but that's mainly in Lagos. .
For me both Yoruba and Igbo are really trying in this country. We dont need to be bashing ourselves all the time. We are too educated to keep engaging in such primitive act.
Kindly allow the guy to finish posting the Igbo owned investments he is posting here. Pls stop distracting them. We are enjoying what they are posting. Thanks for complying to my request.
I don't remember asserting anything about beauty or stopping people from posting anything, the issue here is people lying, making false and bogus claims and refusing to correct their false and deceiving info.
It's ok if you enjoy fake, 419 and bogus claims, other people simply don't
Btw, taxes and IGR from all the ibo companies in Lagos/SW you listed in this thread including your nestoil and jackson or whatever you call him goes to the people of Lagos state to develop Lagos state and the SW, but definitely not any inch of iboland.
Last year, Oando Plc, one of the nation’s indigenous energy group commissioned its first IPP, Akute Power to supply stable electricity to the Lagos Water Corporation (LWC). The 12.15 megawatt plant was expected to power LWC’s main water intake facility, including two other facilities with a combined installed capacity of 125 million gallons of water per day. The $25.5 million project was finance by Fidelity Bank, one of Nigeria’s leading financial institutions.
According to the company, the project included the construction of a 13km gas pipeline from Oando’s existing natural gas grid in Lagos to supply fuel to the power plant. It added that the gas-fuelled IPP is eco-friendly and enables an immediate increase in capacity utilisation of LWC whilst creating substantial savings for the LWC in annual energy cost.
At the commissioning, Mr Wale Tinubu, Group Chief Executive, Oando Plc said the IPP is a significant milestone for Oando, marking its entry into the Nigerian power sector and another major step in the development of our mid and down-stream business.
Similarly, Mr Babatunde Fashola, the Executive Governor of Lagos State said, “This project is a classic example of how public private partnerships can benefit the people: It means that by shifting from diesel to gas, we are saving 27 percent of our energy cost to provide water, which translates to about $11,000 of taxpayer’s money daily and $3.9 million annually.” This plant is as well not run in full capacity.
FKO81: Ecobank seeks to appeal ruling in bankruptcy case against Otudeko
Ecobank Nigeria Limited has applied to the Court of Appeal in Lagos for extension of time to enable it seek leave to appeal a ruling by Justice Babs Kuewumi of the Federal High Court in Lagos in a winding-up petition against chairman of Honeywell Group, Oba Otudeko.
The bank initiated the bankruptcy proceedings against Otudeko over an alleged N5.5billion debt by virtue of loan facilities availed Honeywell Flour Mills Plc, Siloam Global Services Limited and Anchorage Leisures Limited, said to have been personally guaranteed by Otudeko.
The appellant is seeking an order by the Appeal Court granting it leave to appeal the ruling delivered last February 19.
The ruling followed the winding-up petition filed by Ecobank on October 17, 2015, accompanied by motion ex-parte and motion on notice. The bank said the petition was a bid to recover the money from Otudeko “considering the looming and impending danger of having its banking licence withdrawn after the respondent failed to liquidate its indebtedness after several demands.”
Justice Okon Abang, who first handled the case, asked the bank to put the respondent on notice to show cause. After being put on notice, Otudeko filed a motion on notice seeking to dismiss/strike out the petition.
Justice Kuewumi, who took over from Justice Abang, ruled that he would accord higher priority to Otudeko’s motion on notice ahead of other pending applications.
Dissatisfied with the ruling, Ecobank appealed. The Court of Appeal, last October 21, struck out the appeal on the basis that the appellant did not first obtain leave of the lower court before appealing.
The bank is, therefore, seeking for reliefs to enable it invoke the Court of Appeal’s jurisdiction to entertain the appeal.
“The applicant (Ecobank) ran out of time to appeal as a result of the previous proceedings in suit no CA/L/227/16 which was not determined on the merit as a result of failure to procure the needed leave.
“The leave of this court is required to extend time to obtain leave of court to appeal the ruling of lower court. It is in the interest of justice that this application be favourably considered and granted accordingly,” the bank prayed.
The bank, through its lawyer Mr Kunle Ogunba (SAN) is seeking a receiving order against Otudeko’s estate, funds, investment and shares in Honeywell Group, Honeywell Flour Mills, among other companies, as well as an order declaring him bankrupt.
Ecobank prayed for an order commanding Otudeko to immediately avail it the companies’ statement of affairs as well as net worth and other credible financial details as required by the Bankruptcy Act.
It asked for a consequential order empowering the bank to sell Otudeko’s properties wherever they are situated, as well as an order enabling it to utilise the investments or shares in companies in which Otudeko has interest.
In a motion on notice, Ecobank, among others, is also seeking an interlocutory order appointing a special manager and receiver over Otudeko’s assets.
But, Otudeko, in its counter-affidavit sworn to by Omolade Adeyemi, has urged the Court of Appeal to refuse Ecobank’s application.
He said the bank had prosecuted the subject-matter of the appeal and judgment had been given in which the Court of Appeal upheld his preliminary objection and struck out appeal.
The respondent said the appellate court also attended to the appeal on its merits, considered arguments by parties and affirmed the correctness of Justice Kuewumi’s ruling.
“It is in the interest of justice to refuse the applicant’s application,” Otudeko said.
In the lower court, the Honeywell Group’s chairman said the alleged debt “is neither ascertained nor undisputed.”
He added that Honeywell Four Mills and its sister companies commenced a suit against the bank before another judge “owing to disagreements between it (Honeywell) and the respondent (Ekobank) as to the complete liquidation of their outstanding obligations to the respondent having regards to the terms and condition of the credit facility.” [/s]
1. The discussion wasn't about Oando or Otedola using loan facilities and no assertion was ever made that both men never used loan facilities in their operations and in fact, only ignorant and unintelligent people make such claims since business most of the time finance their operations with loans. This is the reason why they all have debt ledgers.
2. You on the other hand as usual per your meaningless and hopeless chest beating ways openly asserted that you village business man did not finance his building with bank loans, this is the issue, you own lie is the issue so it is pointless and fraudulent to support your lies by posting rubbish about Oando and Otedola taking loans because no such assertions were ever made.
3. You lied as usual and got caught so pointing fingers at other people taking loan is irrelevant and redundant.
The construction of this magnificent edifice, was solely funded by Guaranty Trust Bank," an official of the company explained. "Nestoil's ability to secure this type of credit facility from a bank, was not only a culmination of a strong banking relationship between GTBank and Nestoil Limited, that has spanned over a decade, but also a reflection of the bank's belief and confidence in Nestoil's long term vision and strategy.
FKO81: I wonder which of your states better than southeastern states except no man's land clown
Again, if you are so rich, smart, productive and blessed with all the things you listed and beat your chest with, then why are you shouting marginalization? Shouldn't the people you are richer and better than be the ones shouting marginalization. See how meaningless and pointless that was.
You can not have it both ways.
Nearly everything you listed here are not located in iboland, they don't employ any worker in iboland, they don't pay any taxes OGR in iboland abd this is why there are no jobs in iboland, this ios wy they must leave and head to the SW for surviavl, this is why the IGR and budgets in your states are the lowest.
If other states in the SW apart from Lagos are not better than your townd and villages, they what are your people doing there?
Why go to places where the people there are poor and you are better than?
Shouldn't they be the one running to your so called rich and prosperous towns and villages to make ends meet like you do all over the SW.
I don't even know why you are arguing because this is common sense and even.
I know you people live and breath meaningless and empty chest beating, but obvious realities doesn't suport your chest beating, there's just nothing there, you are just decieving yourself because people can see and even you yourself can see hence crying merginilization all over the lace.
FKO81: Without political power Igbos are topping in Nigeria, that main reason they hate and jealous us, nothing more
Igbos are leading indigenous manufacturing industries .
Igbos are leading in indigenous Aviation industry
Igbos are leading in oil exploration, production and service in oil sector
Igbos are leading in IT industry
Igbos are leading in movie industry
Igbos are leading transport industry both shipping, logistics and land transport companies
Igbos are leading in commerce
Igbos are leading in sport industry
Igbos top in education
Igbos top in innovation
The only area Yorubas are leading Igbos are betting games, and media although there is no media outfit own by Yoruba man that can be to compare Arise news owned by Igbo dude
I'll list Igbos achievers in field of academy, sport, Movie, music etc when I'm done with industries
You are leading in everything under the sun, but nearly all the companies you listed in this thread are not in iboland and you are still shouting and crying marginalization.
Your towns and villages are still backward, your states are still unproductive and your people still have to leave for other parts of Nigeria to make ends meet.
Your states still have the lowest IGR and state budgets in Nigeria so you can post your made up rubbish and beat that chest all you want, but realities in your towns and villages don't jive with your chest beating.
The Chambers of Afe Babalola & Co. (also known as Emmanuel Chambers) is one of the leading firms of Barristers and Solicitors in Nigeria and its Principal, Aare Afe Babalola, SAN, has been noted in reported cases as industrious and masterful in conduct of his clients’ cases by the Supreme Court of Nigeria.
The firm has produced several judges and fourteen (14) Senior Advocates of Nigeria, (Nigeria’s equivalent of Queens Counsel in England) which is the largest number produced by any law firm in the country.
Emmanuel Chambers is a composite firm of legal practitioners engaged in providing a wide range of legal services to persons and corporate bodies that may require same. The firm’s legal practice areas and services are extensive and all-encompassing. The firm also renders consultancy services to other law firms based in Europe and America.
Chief Akinwande Delano SAN is the founding partner of Akindelano Legal Practitioners (ALP). A graduate of the University of London, he was admitted to the English Bar, at the prestigious Gray’s Inn in 1963. In July of the same year he was admitted to the Nigerian Bar. He was elevated to the rank of Senior Advocate of Nigeria in 1996 after 33 years of unbroken law practice. Chief Delano started with the civil service as a State Counsel in the Ministry of Justice Western State where to became Senior State Counsel. He established Akindelano Legal Practitioners in1972. He was the pioneer Attorney General and Commissioner for Justice in Ogun state between 1977-78; Chief Akin Delano has trained and mentored many successful lawyers and Senior Advocates. He remains active in practice . He was an ex-Chancellor for the Egba-Dioceses of the Anglican Church of Nigeria
So if I take pic behind a PlayStation3 logo, it means I'm trying to deceive people that I'm a CEO of top level worker with Sony company manufacturing PS3?
I think excess cholesterol from palm oil had clogged your brain cells.
People take pics behind company logos always, as long as there is no where in the background where they are claiming they are working for the company, no one cares.
You are a waste of oxygen.
[/s]
Keep quiet abeg. You have zero moral claims here.
Go and correct your error if it really was a mistake and the fact that it's still uncorrected means it was obviously bogus and fraudulent to deceive and misinform.
No where in the article was the Igala woman or her Uber exploit mentioned. All that was mentioned was the Igbo woman that once worked in Google and then Facebook exploits. And then a picture mix up happened.
To any neutral person out there, the pic makes no difference, as I don't even know both to start with. I would just assume the pic belongs to the Igbo woman, whose achievements the article was all about.
No where was the Igala woman or her achievements claimed as those of the Igbo woman.
You are just a pathetic hateful Afonja.
Go get a life.
How ignorant, clueless and unintelligent can you be.
With Uber in the background, do you really have to tell us they are not the same?
Have you even explained to us how you arrived at the mix-up?
The fact that your so called error is still up there means it was deliberate and not any kind of error because f honestly, it was a mistake, you should have apologized for your error and misleading info and even quickly rectify it by removing the fake info like honest, sensible and rational people do instead of barking and foaming at the mouth like a rabid village dog.
You really need to look in the mirror for the pure definition of mental retardation.
You condenmed tribalism yet you went to quote out a post on june 25th to insult other tribes.
Shame on you skull miners
Look at this joker.
Hypocrisy is when you insult and blame other people for the same thing that you do so pointing it out to you that you do the same thing is not hypocrisy, it was actually pointing out your own silliness, tribal fixations, and dumb hypocrisy.
Salami Kadir is a Managing Partner at Techspecialist Consulting Limited. He has over a decade experience in business systems design, project management and IT Infrastructure Implementations. He has served as a Business and IT Consultant in over 15 enterprise projects around the world, specializing in operations and enterprise-wide technology implementations.
His professional experience includes various business process initiatives, systems design and implementation. Salami Kadir has direct and relevant experience working with Public Sector organizations and understands the specific challenges that must be overcome to ensure successful project outcomes.
Work Experience Salami Kadir has managed ICT Needs Assessments for the Office of the Auditor General of the Federation (OAuGF). He has also managed and assisted in conducting a Business Improvement and Technology Assessment Initiative for Globalscan Systems Ltd for Destination Inspection. He was a member of the team that coordinated the design and deployment of a state-of-the-art IT Datacenter and Network Infrastructure in Economic Financial Crimes Commission (EFCC) and Bureau of Public Procurement (BPP).
His experience spans different industry sectors. Salami Kadir has been involved in the project management of custom solutions for two major PFAs in Nigeria, Trustfund Plc and Evergreen Pensions Ltd., a major Microfinance Bank in Lagos State, Gapbridge microfinance.en involved in the project management of custom solutions for two major PFAs in Nigeria, Trustfund Plc and Evergreen Pensions Ltd., a major Microfinance Bank in Lagos State, Gapbridge microfinance.Salami Kadir possesses extensive experience of public sector processes around the world and application implementation on large enterprise projects. This experience was a key factor in the success of the EU sponsored project for the support for Economic Financial Crime Commission in conjunction with United Nations Office on Drugs and Crime. Educational and Professional Qualifications Salami Kadir holds a Masters Degree in Information Technology and a Bachelor of Engineering degree in Electrical Engineering from University of Ilorin, Nigeria.
He has Certifications which include:
• MCSE 2003 (Microsoft Certified Systems Engineer)-3475849
Ok, I see what oduastates is saying, let's not cheapen the thread with singers, there's just too many of them and before you now, we'll have nothing but strictly singers and actors on our hands.
MEILYN: Ritualism started in the South West. Yorubas don't value human life that's why 7 heads are needed to accompany an Afonja Oba to his grave.
Human parts merchant nabbed in Anambra community
The case of Clifford Orji, recorded in Lagos some years ago, played out in Nnewi, the commercial city of Anambra State, when a local vigilante member, suspected to be supplier of human parts to ritualists, was arrested in the bush at Ukunu Eziora Ozubulu, in Ekwusigo Local
Clifford Orji, who posed as a mad man, living under the Toyota flyover, off Oshodi-Apapa expressway. He was arrested for selling human parts. He later died in prison. In the Anambra case, eyewitnesses said the suspect, whose name was not given at press time, was arrested by a combined team of hunters and local vigilantes. Sources claimed that the hunters’ dogs, during a hunting expenditure, had discovered a dismembered human body in the bush, with legs, arms and head missing. This had prompted hunters to alert the Ozubulu vigilance group, which stormed the bush. After a thorough search, the suspect, a guard at a local school, was discovered in the bush. He was arrested and handed over to the police Investigations revealed that the suspect, who was allegedly recruited from Aguleri, Anambra East Local Government Area, into the Ozubulu security outfit, had a shrine in the bush, where his patrons came to buy human part.
A ritualist den owned by one pastor Ernest Nwankwo, the General Overseer of Holy Family Ministry a.k.a House of Mercy was yesterday June 25th uncovered at Ogolonto area in Ikorodu, Lagos, with 8 victims rescued.
According to Vanguard, the den was discovered after a failed attempt by a woman identified as Mrs Rosemary Chukwu, a member of Pastor Nwankwo’s church, to kidnap her neighbor’s 7 year old son, Emeka Emmanuel to the den for rituals. Sources in the area said around 6.30 am yesterday, Mrs Chukwu lured the little boy who was on his way to fetch water from a well down the road and took him to her house where she locked him in the toilet. To keep her neighbors from hearing the little boy’s screams for help, Chukwu then instructed her own children to begin a prayer session which they did, shouting on top of their voices. Continue…
Trouble however started when the boy’s mother who stays four buildings from Mrs Chukwu raised alarm after she could not find her son. A search for the young boy began which Mrs Chukwu also partook in. Minutes into the search, Mrs Chukwu was said to have excused herself, went into her house and then came out with a box on her head, saying she was travelling. Suspecting foul play, some of the area boys instructed her to put down the suitcase which was opened and the unconscious body of the 7 year old boy was discovered. A resident of the area, Oyetoye Gbemi who spoke with Vanguard said the area boys descended on her and she confessed it was her pastor who sent her
By the time they release the names of the perpetrators, I bet you won't be screaming Afonja because most of them are always your brothers and sisters committing evil in the name of God even Lagos sate.
I just don't know why you people see hatred, tribalism, and bigotry in every damn thing under the sun.
Lloydfather: Tipical Yoruba Muslims always interferes in the matters that doesn't concern them. The way both of u cut between this and Yoruba thread shows that u are jobless people, even the guy u are bullying takes time to answer u, but both of u keep masquerading the two thread to the extend of copying every word in Wikipedia about someone just to make a page, what do call this? FOOLISHNESS and ANIMOSITY. If u are not one of nairaland mods I advice u to find ur self a job or better still u can come to Alaba int'l we'll allow u collect owo omo onile from our customers.
What is the meaning of the ignorant and unintelligent nonsense this one is spewing?
I can post anywhere, anytime and any day because this is a public forum. If you are really ethnic and tribalistic allergic to other people, you might want to migrate over to ibo or ipob.com and feel at home.
pazienza: Common sense should have told you that Ebele Okobi who the article talked about is a different personality with your Uber woman and that the pic mix up was a mistake, as no where in the article was Uber mentioned. Ebele Okobi the face book girl is from Asaba.
Obviously, common sense failed you when sourcing the pics and info so you missed the obvious difference especially considering the fact that the pictures were under 2 different links and internet titles.
When you make any mistake, you correct it by taking down the picture and info, nut have done that? No, the picture and fraduoent info is still there.
It was deliberate, not any kind of silly mistake. Or maybe it was incompetence and basic intellectual curiosity..
Either way, it was fraud and deception just like the whole of this thread.
It's nothing but repetition, recycling, fake posts and fraudulent claims.
deedeedee1: We want to see industries owned by Yoruba people, not musicians or writers.
I think we need to expand our scope beyond industries because we are more than industries.
The SW is the 5th largest economy in Africa not just because of industries, but because of Banking and finance, real estate, advertisement, insurance, tech and innovation, oil and gas, arts and entertainment and we have countlessly skilled and talengted Yoruba brothers and sisters running and managing these sectors so why not highlight and acknowledge them all.
laudate: Na so dem dey do! Ebi Atawodi is from Idah. In fact, her father who is a retired Air Vice Marshal, once contested for governorship of Kogi state! Her sister is one of the few female polo players, in the country.
That silly clown, just put Ebi's photo under Ebele Okobi's name. Can you imagine!!
Their typical bait and switch and 419 moves.
The whole thread is full of fake and fraudulent claims.
laudate: Ehn..... so he is doing the same thing to you, too? Ah, di guy get plenty problem o! Chai! Does he think everyone is like him? Hehehehe....
That nuisance was stalking me at every post and it wasn't like he had anything meaningful per the topic of discussion to engage me with and he eventually crossed the line with the parent abuse nonsense so I made him number 1 on my ignore list.
I have zero tolerance for trolls and internet nuisance like that clown.
Ignore is the best weapon against clowns and trolls.
laudate: You see, you just confused yourself again. Doublecheck, you are the one that keeps stalking different men, on NL. In my book that attribute most definitely, makes you a gay person. Don't be ashamed of your true identity.
The clown don begin stalk me already but as usual, na ignore Idey ignore that nuisance. The troll no dey add any value to my valuable internet time.
The company is one hundred percent owned by indigenous investors. Ownership is split equally between Chief Emeka Eze and Dr. Tony Ugochukwu Eze.
Funny enough, nearly all the companies you listed in this thread are not based or HQerd in any of the 5 SE states or iboland and they pay taxes/IGR and employ other people outside your region so you gain little or no IGR/Taxes hence your states are poor with the lowest IGR and state budgets in Nigeria so all in all, this thread highlights failure and a region where investors won't invest their money in and even according to this very thread, fellow ibo people stayed away from their own region and still prefer to invest outside iboland.
I really don't know why you are posting this failure and applauding this regional disaster.
FKO81: PROF. JOSEPH EZIGBO[b] MANAGING DIRECTOR Falcon Corporation[/b]
Falcon Corporation is a leading, privately held, wholly indigenous company.
Falcon Corporation commenced operations in 1994 under the trade name of Falcon Petroleum Limited. Our company name was changed in 2014 following a rebranding exercise in the wake of the anniversary of our 20th year of operations in particular and also to reflect our current multi-faceted areas of operation.
As a conglomerate, Falcon Corporation holds a diverse portfolio of prime investments in Oil & Gas, Energy & Infrastructure, Real Estate & Construction. As a group, we maintain a singular focus to deliver value consistently in the areas within which we operate.
founded on the principles of integrity and innovation
Our company was founded on the principles of integrity and innovation, with a vision to make tangible impact and elevate the profile of private entrepreneurial development in Nigeria. Currently headquartered in Lagos, we started business in Port Harcourt as an Oil Service Company. Our change of operational base, scope of service and corporate name notwithstanding, our Founders’ sound moral character, spirit of enterprise and excellence, resilience and commitment to creating long-term sustainable value has never wavered. Indeed, this spirit continues to pervade the very fabric of our business to date.
collapse
Falcon started out in a very humble way, but with a determination to make a difference. Our Founders were clear that our company was in business for the long haul and so from inception, we emulated and imbibed industry best practices, benchmarking ourselves always against multinationals and leading industry giants. At a time when the industry considered only companies with foreign technical partnerships to be serious contenders, we remained dogged in our approach and unwavering in our conviction that we would succeed despite the odds.
contribution to the development of Nigeria’s domestic Gas industry
We found ourselves engrossed in the Natural Gas industry at a very early stage of our business, and though we were unable at that time to prosecute our aspirations to deliver gas for industrial use in South-Eastern Nigeria, we refused to give up. We applied the engineering knowledge we had garnered at that time towards creating a niche market within the gas industry in Nigeria, and to date we have been responsible for the internal pipeline construction, equipment conversion and commissioning to fire on Natural Gas of a majority of industries within the existing franchise areas in Nigeria. For several years also, we held annual Natural Gas training and enlightenment seminars, as our contribution to the development of Nigeria’s domestic Gas industry.
Early in the 2000’s we again expressed our interest in operating a Natural Gas distribution project, this time within the Ikorodu area of Lagos State. After several rounds of commercial and technical bidding over the next three years, we emerged as the licensed Local Distribution Company for the Ikorodu Natural Gas franchise zone, and we have since spent the last decade deepening our footprints within the domestic gas industry in Nigeria.
an entity that is well worthy of emulation
From 2005 to 2011 we partnered with the African Capital Alliance (ACA) group who made an investment into our business through their funds SME Partnership and SME II Partnership. This for us marked another critical leap era of transformation for our company with the end result of a much bigger, better structured and significantly stronger Falcon. We are proud to remain widely acknowledged in the ACA group as an entity that is well worthy of emulation, and definitely one of their most successful investments to date.
fully committed to the Local Content development
Falcon Corporation is fully committed to the Local Content development aspirations of our Nation. From inception we have operated with a 100% Nigerian workforce and to date maintain over 68% spend on local products/services. We consider our local experience to be a critical asset for the growth of our industry in a sustainable manner and a notable contribution by Falcon Corporation to national development. We are determined to continue to develop our competencies and capabilities even further and where appropriate, we are open to the creating of strategic alliances and joint ventures that are designed to enable us achieve our growth targets.
Commitment to Safety, Operational Excellence and Quality Workmanship
Our group maintains an unwavering commitment to Safety, Operational Excellence and Quality Workmanship. We are driven by a focus on continuous improvement and ensuring service reliability with the ultimate objective of delivering full customer satisfaction. The result of this has been that we have developed a total engineering capability and a results-driven system based on which our dynamic growth and sound industry reputation are hinged. Companies within the Falcon group are progressive companies, visionary organizations that today boast of a wealth of locally-available global skills and engineering expertise.
As we reposition ourselves for another 20 years and well beyond, our brand promise proudly remains ‘Delivering value’ – to our industry, to the Nation, to partners and stakeholders in our business. Falcon Logo Evolution
[/s]
This is recycling. It's still the same Falcon and if you are going to make a post about every man and woman working in that company, why leave out the Yoruba man and part of the same Board on the same company.?
Oxenomy: I think Yudala is owned by his father, Leo Stan Ekeh.. He is just running it but I agree with you, he is doing great and I'm all for Igbos success.
Actually, na Yoruba man dey run Yudala.
Mr. Wole Ogundare is the CEO/Chief Executive Officer of YUDALA
FKO81: Provide link of Okoloko and his wife Ifeoma is half Igbo, you changed your handle just for this rubbish link, I hope you check board of directors of Eroton oil exploration
FKO81: Dr Ernest Azudialu Obiejesi is Chairman of Neconde Energy
He is currently the Group Managing Director for the Obijackson group of which Nestoil Plc(an EPC company) is a subsidiary. He has over 25 years in the oil industry
Neconde was incorporated on November 26, 2010 as an independent oil & gas company serving as a special purpose vehicle for the acquisition and development of petroleum assets. The company’s core operations focus on the exploration and development of oil and gas assets for the purpose of production and sale of crude oil and gas stock to generate revenue.
In January 2011, the Company participated, and emerged successful, in the bid for the acquisition of 45% stake in OML 42 held by Shell Petroleum Development Company Limited (“SPDC”), Total Exploration and Production Nigeria Limited, and Nigeria Agip Oil Company Limited (the “SPDC JV”) with a bid sum of USD585 million to the SPDC JV who constituted the sellers. Following the completion of the acquisition, the new ownership structure of OML 42 is in the ratio of 45% (Neconde): 55% (NPDC). NPDC, Nigerian Petroleum Development Company, a subsidiary of NNPC, Nigerian National Petroleum Corporation, operated the asset between 2011 and April 2015. In May 2015, Neconde was awarded the operator of the asset on behalf of the Neconde/NPDC Joint Venture.
Neconde’s status as an indigenous company with an excellent management team offers a viable option through which the currently under-developed reserves of the Niger Delta could be brought into production with potential economic and social benefits for the region and country at large. There is also an opportunity to utilize the associated gas produced for electricity supply to the region, resulting in significant socioeconomic benefits.
Following the conclusion of the acquisition of OML 42, Neconde entered into a Joint Venture partnership with NPDC on the modalities for the development and revamping of the acquired block.
OML 42 Asset Overview
Shell’s divestment assets (OMLs 4, 38 & 41, OML 26, OML 30, OML 34, OML 40 and OML 42) are all located in the Niger Delta which is Nigeria’s most prolific and important hydrocarbon basin. OML 42 is located onshore West Delta with an area of 814 km2. OML 42 has 7 fields which have produced hydrocarbons and 5 undeveloped discoveries.
OML 42 commenced initial production in 1969 at the Egwa field with a peak gross production rate of about 250,000 boepd in 1974. Over the last 20 years normalised production has been 100-150,000 boepd. Production is primarily oil. The block however was shut in 2006 due to security issues in the area. In February 2011, Batan and Ajuju fields were rehabilitated and re-opened by Shell (SPDC) before the divestment of 45% of its interest to Neconde, while the 55% interest belonging to the Nigerian National Petroleum Corporation, NNPC, was assigned to NPDC, its E&P subsidiary . Effective December 2011, Neconde acquired 45% of the block, and in February 2012, the NPDC was named the Operator by the Federal Government of Nigeria.
Batan field reached a production peak of 13,000 bopd in 2012 after it was reopened. Current production is circa 11,000 bopd from 12 strings. In early 2012, Neconde and NPDC agreed a work program to rehabilitate the remaining shut-in fields, namely, Odidi, Jones Creek and Egwa and reopen about 80 existing wells to production. In October 2013, rehabilitation works started in Odidi field culminating in the re-opening of the field in October 2014. Odidi is currently producing at 21,000 bopd from 19 strings. Similarly, rehabilitation works started in the Jones Creek field in July 2014 and it is expected to complete in August 2015. Jones Creek is estimated to produce 30,000 bopd when reopened and fully ramped up in 2015. Egwa is planned for rehabilitation from late 2015 towards a mid-2016 reopening at 20,000 bopd. Beyond the re-opening of existing wells, additional drilling activities and workovers are planned in the 2016-2018 period to further increase production to an estimated peak of 135,000 bopd in late 2018.
Beyond primary development, there are further development opportunities in water injection and enhanced oil recovery to further increase production and reserves. In addition, there are 33 exploration opportunities in the fields that were previously identified by Shell. In May 2015, Neconde became the operator of the asset, for an initial period of ten years, following the approval of the Federal Government of Nigeria.
Besides oil, OML-42 contains up to 6 TCF of gas resources that is planned to be developed in the next 4-5 years towards delivering up to 500 mmscfd to the local gas market. The gas development will also monetise a significant amount of condensate resources. Currently the Neconde/NPDC joint venture is currently rehabilitating the Odidi gas central processing facility to bring the first tranche of 40 mmscfd associated gas to the local market by end of 2015.
[/s]
Any proof this comapany is ibo company? No.
There are 3 people running and promoting that company and 2 of them including the COO are Yoruba.
Neconde
Neconde Energy Limited is a Nigerian Exploration and Production (E &P) company, which started operations officially in December 2011. Ernest Azudialu Obiejesi; Tunde Folawiyo and Akintola Debayo-Doherty are the promoters of Neconde
Politics › Re: Igbos Most Industrious, Innovative and Richest Tribe In Africa see proof by deomello: 4:27am On Aug 09, 2017
Ebi Atawodi is from Idah. In fact, her father who is a retired Air Vice Marshal, once contested for governorship of Kogi state! Her sister is one of the few female polo players, in the country.
Don't be ashamed of your true identity.
