₦airaland Forum

Shaolin77:
Mr man if yo say ur city is developed show us skyline of it or show drone coverage, not typing nonsense

Like I said Abakaliki is way more developed than ibadan ,go to YouTube and search eboh media and watch videos

Is it livable homes
Is it good road network
Is it flyovers
Is it standard mall
Is it standered Intl market
Is it hotels or night life
Abakaliki alone is way more developed than remaining 30perecent non slum areas in Ibadan

Go and watch videos to educate your ignorant mind

I have been to all the state capitals in the South East. I don't need YouTube for validation.

Keep deceiving yourself.

Captain8:
oboy, that 1997 warri crisis doesn't concern Ijaw, it was between Itshekiris and Urhobos.. some paid Ijaws only came in to rescued the Urhobos..

If not for those Ijaws who rescued the ungrateful Urhobos, Itshekiris could have wiped them out of existence..

You still want to lie despite evidence starting at you. Shaking my head.


In 1997, The Federal Government under the late Gen. Sani Abacha created a number of local government areas, including Warri South-West Local Government Council, whose headquarters is located at Ogbe-Ijoh, in the Ijaw area of Warri. But due to Political pressure by the Itsekiri people on the State Government, the headquarters of the same local government council was relocated to Ogidigben, an Itsekiri area of the Warri environ. With the burning down of the residence of Chief E. K Clark supposedly by Itsekiri people, violence broke out. The Ijaw-Itsekiri conflict in Delta State, including time period, causes, whether the authorities intervened, whether the police support the Ijaw or Itsekiri and the current situation ]

Riots ensued, hundreds died, and six Shell Nigeria (SPDC) installations were taken over, led to a drop in oil production. The crisis is known as the "Warri Crisis". The headquarters have since been relocated to Ogbe Ijoh by the Delta State House of Assembly, a decision that brought relative peace back to the city.



https://en.m.wikipedia.org/wiki/Warri_Crisis

Captain8:
opportunists talking.. nigeria really give some people life, if not can Yoruba stand where Ijaw is talking?
Lord luggard, eno go beta fr u

Life is all about opportunity. Now, tell what part of economy Ijoh control.

Even before Lord Lugard came, the wealthy Oyo empire was already in the world map.

Tell about yours.

Ijoh:
Coward Yoruba from a coward tribe.

You can say that again.

Ijoh:
When men dey talk coward Yoruba dey come put mouth.

Wow! Online warrior! Keep it up.

Captain8:
if population of ethnicity that can win election, then I tell you Fulani buhari won't have defeated Igbo peter obi

Do you mean Hausa -Fulani?

Captain8:
mugu, warri crisis does not concerned Ijaw..

Warri crisis was between Itshekiris and Urhobos.. though, Itshekiris almost finished Urhobo,

That was in 2003. I am talking about the one in 1997. Do you understand?

The Warri Crisis was a series of riots and clashes between the Itsekiri and the Ijaw (and to a lesser extent, Urhobo) ethnic groups centered on the city of Warri in Delta State, Nigeria between March and May, 1997



https://en.m.wikipedia.org/wiki/Warri_Crisis

Captain8:
do you think war is like eating amala and and ewedu? lazy big for nothing tribes..
These three tribes called Hausa, Yoruba, Igbo are the reason God bring out the word weakness..
Lazy and useless wazobia foolish ethnicities

Lazy ethnic group that controls the banking sector, the oil sector, the legal sector, the service sector, economy etc.

They are really lazy oooo.

Can you show me what you control?

Captain8:
do you think it is easy to spanned from western region to eastern region?

Ijaws spanned from western to eastern..
Ijaws are supposed to be majority in nigeria but though our terrain makes it difficult for people know us fully..

Yorubas are not more than Ijaws

Win election with your population na.

Ijoh:
That's a big lie.

Is Urhobo in Warri Southwest

No!!! The bone of contention was Warri Southwest LGA headquarters.

Itsekiri say Ogidigben or death

Ijaw say Ogbe-Ijoh or death

Today the headquarters is in Ogbe-Ijoh if not for that Itsekiri would have been 100 percent wiped out from the face of the earth if ijaw wasn't obeyed.

The Warri Crisis was a series of riots and clashes between the Itsekiri and the Ijaw (and to a lesser extent, Urhobo) ethnic groups centered on the city of Warri in Delta State, Nigeria between March and May, 1997



https://en.m.wikipedia.org/wiki/Warri_Crisis

Captain8:
you are highly misinformed..

Yorubas and her components of Itshekiris and Ilajes combine cannot withstand Ijaw under age boys in war..

No problem.

Ijoh:
You know that you are lying.

So why are Ilaje and Itsekiri crying and wailing that all Ijaws in the whole Niger Delta faced them when in reality its those Ijaws around them alone.


Its because of the great blow they faced that nearly totally wiped them out.


Yoruba in Nigeria are not more than Ijaw in population.
We reject that 4th largest tribe.
It isn't true.
They don't cross creeks to count ijaw they only do it by proxy.

Have you changed the title from Olu of Warri?

Did the Ijoh behave themselves in Ilaje? Go do your homework.

Of course, Ijoh is the largest ethic group in Nigeria..... according to you.

Captain8:
only our women are enough to wiped Yorubas out of existence.. even our our women facing Yorubas will be unfair play, because it will be total genocidal to Yorubas..

No problem. Keep making mouth.

Ijoh:
Like the way Ijaw of Warri nearly made Itsekiri go extinct
And Ijaws of Ondo nearly made Ilaje go extinct.

Namashobiri.

Warri crisis was Itshekiri Vs Ijoh and Uhrobo. Despite that dem collect.

Captain8:
Yorubas and mouth making,,chai. 1 power, dem no get, but na mouth dem get..
Yorubas and igbous are the same people, only mouth they are good at making

Don't worry. We are still at peace for now.

Ijoh:
Lagos is Yoruba land.
We will be in middle ground.
Remember what Ijaw did to Ilaje in their own Ondo state

What did Ijoh do to Ilaje? The same Ilaje Ijoh war that saw Ijoh elders begging for mercy?

Embrace peace.

Captain8:
we Ijaws don't know supreme court judgement..
Supreme court judgement has nothing to do with Ijaws..

Corrupted ewedu people..

Ondo state belongs to Ijaw and nothing you lazy people can do...
Just go and swallow your amala and ewedu and sleep.

If you don't agree with the supreme court, no problem. We can as well go to world court.

Fighting Ijaw could lead to their extinction.

Captain8:
there are no indigenous yorubas in ondo state... You people can't migrate from ile ife and come to ondo state, an Ijaw owned territory to lay claim to it...
You people should pack back to oyo state.. because oyo is where yoruba come from

Bhuhahaha! Yes! All human beings migrated from somewhere but the first to inhabit the land and sustain it is the rightful owner of the land bestowed to him by God.

And we know all the 6 states in the SW were all firstly occupied by the SWners before Ijoh came to lease land from them. The document is still with us. The same way Itshekiri kept all the documents of ownership of Warri and it's surroundings to themselves.

All we need to do is to present it before world court and get injunction to peacefully carve out all the lands belonging to the SWners.

Those who wants to stay will be allowed on conditions.

ljoh:
Remember what OPC did to Ijaw in Lagos

What did they do to Ijoh? I want to know.

Ijoh:
Continue to convince yourself with lies.
All Ijaw areas share perfect boundaries with each other.
Its just state balkanizations.

All are for Ijaw Republic without leaving none behind.

No problems. You go carry am for head. Small Itshekiri, Ijoh no fit win, na the main ethnic group you wan win!?

Ijoh:
So wetin come happen Coward
Yoruba go fit stand Ijaw

Bhuhahaha! Small pikin talk.

Perhaps, you go turn fish inside river if you no see land fight.

Captain8:
yes, I know that. Tell your Itshekiri clan to stopped landgrabbing Urhobo communities and stopped drawing fake map of Ijaw

There are no indigenous Ijoh towns in Ondo state but Ijoh are drawing maps to include Ondo state. They were borrowed land but they wan claim am for life.


No problem for now but if Nigeria scatters, they will either be evacuated or remain in the republic of Oduduwa.

Captain8:
your warri history started 1850, no wonder you people are landgrabbers..
did you fool see Urhobo and Ijaw as 1850 mate?
You people came from benin, when oba expelled you..it took the mercy of Ijaws to accommodate you. Now you people have grown to be even a threat to the people that saved and harbored you..
don't you read history on how oba expelled you from benin?

Warri is wari not your fictitious iwere..

The existed title was nana of Itshekiris but awolowo used the power western region leader changed it to olu of warri..

Sapele waterside, The ogun aja was forcefully grabbed by Itshekiris..
You be mumu for denying this..

Ogun aja is the sapele waterside where sawmills are.. it is the business booming place in the whole sapele.. Itshekiris people are the ones collecting fees...
Have you seen how you people grabbing lands from Urhobo?

It is the weakness of Urhobo that making you people to succeed in grabbing their lands

Supreme court, Portuguese and English have all testified and agreed that Itshekiris were the founders and owners of Warri and it's surroundings.

Pray Nigeria doesn't collapse because all ethic groups while be exiled to their papa land including Ijoh in Ondo, Edo and Delta states.

Captain8:
Itshekiris are not up to half quater of Egbema Kingdom sef..

even if you went to their communities, you won't see anybody only empty houses is what you will see... Itshekiri is just a small atom of tribe..
Microscopic tribe.

If Egbema is a clan of Ijoh ethnic group, don't you know Itshekiri is a clan of Yoruba Ethnic group?

justified007:
What is this one saying ? You well at all? Let's talk about Abeokuta to Sagamu road project which Amosun approved 10 lanes but your fraudulent Dapo reverted that project to 6 lane and only do patch patch work on most section of the road .


What about rounder road in Abeokuta ? He did only one side and abandoned the other side and he still can't finish that one side he said he wanted to do. This project was done halfway already by Amosun o.


Lafenwa nko ? Governor Darudapo is still fooling around with that project 3 years after the election.

What about Panseke to Obada ? Your Excellency only did that road halfway to and he commissioned it .


Olomore junction to Sanni is more or less an abandoned project as I'm talking to you. As small as that road is your governor is still finding it difficult to finish that after more than a year . The drainage system on the road is even a joke .


I never believe a time will come when I will find myself praising Amosun but that's how bad Mr Dapo's government is.

No wonder he has not finished one project according to you because any project not in Abeokuta is not in Ogun state.

Obviously, your Amosun concentrated all the projects in Abeokuta and neglected other parts because to him Abeokuta is Ogun state.

Despite that, Panseke to Obada road has been completed. It was even extended to Adigbe but you can here to lie again that it has not been completed.

There was even a thread on it.


https://www.nairaland.com/7100763/ogun-state-completes-panseke-adigbe-road#112344376



Panseke- Rounda road.

https://m.facebook.com/DapoOGSG/posts/lafenwa-rounda-road-to-be-completed-soon-as-contractor-prepares-to-pave-asphaltt/782241799364830/?locale=sw_KE&_rdr

Stop fooling yourself.

Michael004:
You have killed that guy with this lol

Lol. The guy na troll.

justified007:
Ijebu-ode -Epe ?? That's how many projects in 3 years ? Una no get shame kankan walai

It doesn't change the fact that you were caught pants down lying through your tooth.

It's no longer "will do 2 out of 4 lanes and he will still not finish". Liar.

justified007:
Commissioned where ? Where are the projects ? Dapo is still struggling to finish the projects Amosun started talklesss of initiating new ones . The few ones he commissioned are inferior projects. Dapo is the only that will do 2 lanes out of 4 lanes and he will still not finish the 2 lanes . Come and see the shoddy jobs he's doing around Olomore.

Shaolin77:
Show video of Ibadan stop yarning dust, or are you ashamed? We've seen several Aba drone video but never seen ibadan

Ibadan is an eyesore and a disgrace to capital city,sea of brownroof and slum

https://www.youtube.com/watch?v=OTLUfQUKXZU







https://www.youtube.com/watch?v=F5RITI0SIL4








https://www.youtube.com/watch?v=yxCFVOkv3bo

Shaolin77:
Go to YouTube and watch Afikpo by eboh media and you will be ashamed, a village in Ebony is more developed than your regional capital

Your understanding of development is one or two buildings scattered in a bush without roads and basic infrastructures.

Even Abakaliki never develop reach Oshogbo na, Ibadan e wan compete with?

Ngorbungor:
Now i believe we have rested the case of $50 million and $500million ?

So the next question is: Can you show us any project of the same amount in Ibadan or even Oyo state?

It is a scandalous claim that has been debunked.

https://www.thisdaylive.com/index.php/2022/03/30/geometric-beware-of-the-ides-of-march/

Sahara spent $200 million for 700MW power plant but a 141MW worths $500m.


Not less than $200 million has been invested in the Egbin Thermal Power Plant in Lagos by Sahara Power Group to increase its generating capacity to its present level.

Managing Director of Sahara Power Group, Mr Kola Adesina, speaking at an event organised by the firm in Lagos, stated that when the Egbin power plant was acquired by Sahara Power, it was generating 400MW of electricity. But with the huge investment made by his company, the plant now generates 1,100 MW, indicating that capacity has been more than doubled.

Ngorbungor:
Visit this link, to clear your ignorance

www.sunnewsonline.com/geometric-power-finally-acquires-aba-ring-fence-after-9-years-dispute/%3famp

Or read along to 6-7 paragraph:

Home Business
Geometric Power finally acquires Aba Ring Fence after 9 years dispute
Pays $26 million acquisition fee
By David 3 months Ago

Geometric Power finally acquires Aba Ring Fence after 9 years dispute
From Uche Usim, Abuja

The management of Geometric Power has formally taken over the Aba ring-fenced area in Abia State from Integrated Electricity Limited, the core investor in Enugu Electricity Distribution Company (EEDC), ending a nine-year legal battle over the rightful owner of the project.

The company has also paid the mandatory $26 million acquisition fee to the federal government.

The trouble started when the Goodluck Jonathan administration privatised power assets and the Aba Ring Fence area was wrongly lumped into the EEDC and sold to Integrated Electricity as a single asset.

The development led to a series of legal bouts that eventually ended with the formal handover on Wednesday in Abuja, at the headquarters of the Bureau of Public Enterprises (BPE).

The $500 million Geometric/Aba power plant has the capacity to produce and distribute about 141 megawatts (MW) of electricity in its first phase, with new distribution lines, four new sub-stations and three rehabilitated sub-stations.

Each plant is to produce 47 MW of power, supported by a 60 MVA per transformer. The power plant is to be powered by gas and so the company has built a gas plant at Shell company flow station at Owaza in Ukwa West Local Government Area of Abia State and laid a pipeline spanning 27 kilometres to the power plant at Osisioma.

In his remarks at the handover ceremony, the Director-General of BPE, Mr Alex Okoh, described the development as soothing and commendable.

According to him, the National Council on Privatisation (NCP) worked hard to see that the tussle was resolved and that the right thing was done.

He added that the protracted transaction and the related issues have posed a serious challenge for successive administrations since 2005.

“The bureau initiated a series of engagements with various stakeholders, which led to one the signing of the agreement between Geometric Power and Integrated Electric Limited, the core investor.

“I am pleased to announce that we are handing over this asset to a tenacious, very, very tenacious investor who has made a firm commitment to transform the Aba Ring Fence area into a model electric supply franchise, providing quality, stable and appropriately priced electricity to consumers, thereby unlocking the significant economic benefits of this commercial and industrial hub of the regional and national economy,” Okoh explained.

In his remarks, the Chairman of Geometric Power and ex-Power Minister, Prof Barth Nnaji, expressed delight that the legal tussle has ended, adding that his company was ready to provide reliable electricity to Aba.

“The other government sold what was rightfully ours to the people who acquired EEDC. So, they simply bundled Aba as part of EEDC. It was done knowingly. That is why we went to court and we’re grateful this administration resolved the issues. We’ve paid the acquisition price of $26 million. “I used to be on the other side of the fence and what we said during that time was that anybody that’s acquiring a DisCo should have the financial capacity or technical capacity, and was that’s what he brought in.

“We actually have made the necessary investments required to not have any issues in terms of reliability of power supply. So, we have invested about eight times the amount of the acquisition already. We have built new substations. We built new power lines, over 140 kilometres of new lines, we built four brand new substations. We’ve built gas pipelines with seven kilometres to ensure that we have gas uninterrupted from Shell to us, etc. So, all these things we’ve done and the whole idea is to ensure that the network is what it is supposed to be,” he said.

Also speaking, Kester Enwereonu, Director at EEDC hailed Vice President, Prof Yemi Osinbajo, who heads the NCP for his efforts and interventions.

He also expressed delight that the Aba Ring Fence deal was able to attract foreign funding of $50 million.

“Geometric is getting from us what you’d be proud of that will help improve customer relationship,”

Obviously, it is scandalous to claim $500m for a 141MW project.


Home - THISDAYLIVE logo
GEOMETRIC: BEWARE OF THE IDES OF MARCH
editorMarch 30, 2022 12:00 Am
·
· Otoabasi Akpantah argues that Geometric Power costs are excessive

· Julius Caesar was killed by his hitherto praise singers and “supporters” including his bosom friend Marcus Junius Brutus. He was stabbed by 60 conspirators and killed at the base of the statue of Pompey the Great in the Roman Senate House in March 44 BC.

· On March 10, 2022, one of the national dailies published an article written by one Emeka Umegbala for, and on behalf of, himself and some members of a certain International Society for Civil Liberties and Rule of Law titled “Time to Collapse EEDC” – an acronym for Enugu Electricity Distribution Company (Enugu Disco).

· In the article, the writer disclosed that his group has kicked off sustained campaign for the purpose of collapsing the activities of EEDC for its takeover by Geometric Power, which by his account has spent over $500 million in building four new injection substations, over 140km of high voltage distribution lines, 141 megawatts power plant and 27km of gas pipeline. The article also disclosed that AfriExim bank granted further facility of $50 million to Geometric from which it used $26 million for the acquisition of EEDC’s Aba and Ariaria Business Districts while the balance $24 million will be used to improve the existing infrastructure and expansion of the Aba – Ariaria network.

· If the numbers reeled out here are correct, and I do not have any cause to doubt them since Prof Barth Nnaji (former Power Minister and Promoter of Geometric Power) himself and Geometric Power have in different fora and press statements given out the same numbers from which the writer must have derived his data.

· It is on the basis of the quoted figures that this red flag is being raised because indeed the numbers do not add up.

· Investing a whopping $550 million just to service two business districts that represent barely 10% of the entire EEDC network, valued at $230 million, does not make any business sense. Building 141 megawatt power plant to service two business districts with peak load of barely 40 megawatts is grossly over scoped, inefficient and a recipe for disaster. This is even more worrisome especially considering that the 1,020 megawatt Alaoji NIPP, located in the same precinct as the Geometric power plant, already has stranded 800 megawatts capacity that cannot be evacuated into the grid by TCN because of its poor infrastructure. In other words, 100 megawatts of Geometric power plant cannot be activated nor utilized despite the huge capital already expended.

· Using standard industry estimates, a 141-megawatt power plant, at $1 million/mw, should cost about $141 million; 27km of gas pipeline, at $1 million/km, should cost about $27 million; 140km of HV lines at $30,000/km should cost $4.2 million; while the four substations should cost no more than $4 million at the average cost of $1 million each bringing the total cost to $176.2 million.

Allowing additional costs to cater for consultancy and ancillary costs, a cost profile of $200 million for the entire project would have been quite adequate. Thus spending $500 million on a $200 million project does not indicate prudent assessment of costs and management of resources.


·

· The second and probably more pertinent issue is how will Geometric manage this highly geared financial exposure. Assuming that its promoters contributed 30% equity to the $500 million capital expenditure, and financed $350 million over a standard seven year period at about 10% interest per annum, the debt service will amount to $5.8 million per month or $69.7 million per year. These translate to about N2.4 billion per month or N28.9 billion per year assuming an exchange rate of N415 to a dollar. Interest alone amounts to $2.9 million or N1.2 billion per month. Expectedly, Geometric will need about N2.4 billion every month just to service its debt. There is no way Geometric will be able to net up to N1 billion a month after offsetting its Opex costs including the invoice of the gas supplier, payroll, operations and logistics. So how will Geometric service its facility and have return on its investment?


·

· Compare the above scenarios to EEDC in which the investors paid $126 million for the entire network including the Aba-Ariaria business districts from which it has gotten back $26 million from Geometric.

·

· From the foregoing, it is obvious that the authors of the said Nigeria Pilot article do not understand the intricacies of business costs and financing, otherwise they would not have recommended a highly geared entity with attendant risk of threat of business continuity to take over the business of a lesser geared and more prudent but perhaps less efficient entity; although Geometric’s operational efficiency is yet to be tested in the field.

· The situation indeed calls to question the prudence and management competency of the Geometric team. Spending $500 million for a $200 million project is, at the least, scandalous.

· Installing upfront a 141 megawatt power plant for a network that can only offtake less than a third of that capacity also questions Geometric’s understanding of the business they are going into; a 45 megawatt plant, scalable to 141 megawatts as load demand increases, would have been more prudent. It is akin to buying three aircraft of 120 passenger capacities to deploy on a route that has passenger volume of 100 passengers. You will have to either ground two of the aircraft indefinitely with attendant costs or use the three interchangeably, also with the attendant costs, when you could have deployed only one aircraft initially, and as passenger volume increases you deploy more aircraft.

· Ideally, the whole Geometric development could have been done with less than $100 million — $45 million for 45mw power plant, $27 million for the 27km gas pipeline and $8.2 million for the injection substations and 140km HV lines; and yet achieve the same cash flow results.

·
· An informed protagonist would have rather advised Geometric to court EEDC to off take the excess 100 megawatts, which is probably its only life line to remain at least on life support, as that will improve its cash flows while it seeks other ways of managing its humongous debt profile which may come crashing on it and inevitably consume it sooner than later.

· With the right collaboration and support from EEDC, both parties may strike a good symbiotic relationship that will benefit each other and ultimately the customers. There is a saying in Igbo land that it is the man who holds a mould of eba that goes seeking the man with a bowl of soup because the man with soup could eat his soup and relieve his hunger but the man with the eba will be stuck with his eba as he cannot swallow it without soup. However, if they both team up, they would each have a sumptuous meal.

· Setting up a party with egg shell skull for a head butt combat with a “Mutiu Adepoju” (then Super Eagles “Headmaster”) can only end in tragedy.

· History is replete with the Julius Caesar experience. It is the same cheer leaders that are singing the praises and eulogizing Geometric, that will put the knife to its heart when the cookies crumble.

· Geometric should beware of the Ides of March.

· Akpantah is a Chartered Accountant and management consultant

·
https://www.thisdaylive.com/index.php/2022/03/30/geometric-beware-of-the-ides-of-march/

justified007:
Commissioned where ? Where are the projects ? Dapo is still struggling to finish the projects Amosun started talklesss of initiating new ones . The few ones he commissioned are inferior projects. Dapo is the only that will do 2 lanes out of 4 lanes and he will still not finish the 2 lanes . Come and see the shoddy jobs he's doing around Olomore.

The Ijebu Ode - Epe express way is not a initiative project, abi?

He didn't finish it and commission it, abi?

Keep lying through your tooth.