₦airaland Forum

laudate:
While Femi Otedola is seen as a successful oil czar, his admirers do not realise that success did not just fall into his laps, but it took a lot of hard work and challenges, for him to make a headway in business.

Several years back, Otedola was the second largest shareholder in the downstream oil firm, Texaco. But his plans to buy the company was cut short, when MRS Oil beat him to it and took over the oil company's assets. He retreated and focused more on the diesel market by setting up his own company, Zenon Petroleum and Gas Limited. It turned out to be a great business decision. He also set up a logistics arm with a fleet of trucks and named it F.O Transport. With just one stroke, he took control of the entire chain. He later went further to diversify into property and a number of other large companies. It all paid off.

He now has a downstream oil firm in Ghana, known as AP Oil & Gas Ghana Limited (APOG) and also owns Forte Upstream Services Limited (formerly African Petroleum Oilfield Services -APOS) which operates in the upstream petroleum services sector.

At one time he was listed as owing over millions of US dollars to Nigerian banks. The shares of his company's stock plummeted, and he fell off the list of Africa's richest businessmen. Otedola reshuffled his finances and paid off every cent, according to the Asset Management Corporation of Nigeria (AMCON). The rise in net worth was helped by a spike in the share price of his company, Forte Oil where he owns an 80% shareholding. In 2015, he sold a 17 per cent stake in Forte Oil Plc to Mercuria Energy Group, a Swiss privately held international commodity trading company active over a wide spectrum of global energy markets for about $200 million USD.

Today, Femi Otedola, owns a $53.5-million home in the heart of the exclusive Knightsbridge district in London. He also has a fleet of custom Roll Royce cars in London, and Mercedes fleet in Nigeria, together worth $7.7 million. In the offshore waters of Lagos, his sleek, custom-made, $19.5 million yacht berths within the Victoria Island lagoon. Otedola was the second Nigerian to make the FORBES billionaires list in 2009.
_{https://theeagleonline.com.ng/femi-otedola-the-billionaire-who-bounced-back-by-forbes/}

kn23h:
Aje House, Ibadan, Nigeria


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Within the resultant proposal, the core of the existing structure is retained while the podium is extended to provide a range of supporting retail, commercial and hospitality activities and present a ‘front door’ to Lebanon Road; one of Ibadan’s commercial spines. A separate structure seeks to accommodate parking requirements while a roof top restaurant, bar and lounge frames a view to Mokola Hill and Agobi Gardens.

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Kotco Energy Limited engages in manufacturing and repairing power and distribution transformers. The company offers corrugated wall panel, distribution, self protected, distribution transformer with conservation drums, and hermetically sealed type without gas cushiond transformers. Kotco Energy Limited was formerly known as Kotco Power Industries Limited. The company was incorporated in 2002 and is based in Lagos, Nigeria

kn23h:
If our Yoruba brothers stop helping them with that thread, e no go past page 81 walahi.

I don't understand why they keep posting there.

popizaino:
I echo the your sentiment .back in 2015 I was posted to this self proclaimed industrial hub of Africa ekwulumili to be precised in Nnewi south you have to pass through Nnewi north will is the most developed part of Nnewi as a curious yoruba boy I began to look for the said industries they brag online about only to find nothing and when asked from the locals and okada means they frown and give me this reply I quote " corper if you wan see where company for Nnewi dey e dry inside inside bush"
and I was like the sane bush I pass through amichi and co to ekwulumili without seeing smoke talk more of industrial building.


take eeboos serious at your own peril.
unrepentant liars!

awon olori pelebe bi Obe irele

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ottohan:
SKULL MINNING BUSINESS NIGERIA LIMITED
headquaters OGUN STATE
Branch offices LAGOS, ONDO, EKITI, OYO(BROWN ROOF)

peteregwu:
And people hail him and call him a legend. they have celebrated him and carried series of concert on his behalf. but is it not foolishness to celebrate someone like this? What legacy did he leave for those looking up to him.....Is it to smoke gandi and wear pants everywhere in public? Rubbish!

Ugosample:
You obviously don't know anything about Fela

peteregwu:
And people hail him and call him a legend. they have celebrated him and carried series of concert on his behalf. but is it not foolishness to celebrate someone like this? What legacy did he leave for those looking up to him.....Is it to smoke gandi and wear pants everywhere in public? Rubbish!

Doublecheck:
Afonjas are so rich that they scratch their bank balance on their face and that of their children

It is common to see them write in Roman figure, Binary and numbers some Afonja balance are;

111, 111,111 (One hundred and one million, one hundred and one thousand, one hundred and one, only)
111, 111,111,111 (One hundred and one billion, One hundred and one million, one hundred and one thousand, one hundred and one, only) etc.

I bet if they had enough space on their face they would write it in words so my Igbo brothers this is why Afonjas think they can compete with Ndigbo, because of the bank balance their fathers scratch on their faces.

See pictorial evidence below. (So my Igbo brothers take it easy with them they were mislead by their fathers)

MasterChen:
Why do these "am I Yoruba by the way" clowns enjoy disgracing their ancestors? They're always on threads where Yorubas are bashing those miscreants. You'll never see them discussing Yoruba progress, you'll never see them on threads where those miscreants are posting afonja, brown roof nonsense all over the place.

And why is that some Yorubas never respond to idiotic posts on FP threads especially on the first page. I think some people have no idea the number of people that visit this forum. Okay let's even say you don't want to be a tribalist. What about posts that are in accurate especially when it relates to Yoruba. You see clowns throwing figures all over the place. No one would respond until 3rd page. Wtfook!

If some names aren't online, it becomes a birthday party for potor miscreants

Omo, e weak me oh

Bifwoli:
Because unlike you we don't use it to advance ethnic chauvinism.This thread here is pure unadulterated drive to prove "we're better than them"

Gosh , i thank God i live outside Nigeria everyday coz of the ethnic hatred and "hollier than thou" attitudes one encounters .If its not you folks bragging and hating then its the Fulani clashing coz of invading what they see as their pasturelands.

Bede2u:
yea because Kanu seems serious. Thats why u prefer the 'capital joke' over him. Pls we all knw u hate Igbos with passion so why are u angry that we are 'riddculing' ourselves?

Multiverse Mining and Exploration Plc was incorporated on 20th June, 2002.

The company was listed on the Nigerian Stock Exchange on 8th October, 2008. It has over 5,000 shareholders with shareholders funds in excess of N3.5 billion.

The company specializes in solid minerals with focus on mining of Zinc Ore, Copper Ore, Gold Ore, Lead Ore, Tantalite Ore, Tin Ore and Barite Ore.

In year 2005, the company commenced granite quarrying operation in its first site at Oloparun, Obafemi Village, Ogun State with installed capacity of 600,000 tons per annum which was upgraded by the addition of another production line, in 2007, with production capacity of 400,000 tons per annum making the site installed capacity to 1 million tons per annum.

Since 2008, the company has been actively involved in its core areas of businesses developing and deepening its operations.

It now has an installed capacity of one million tons of granite production in three locations across the country.

The company is currently developing its Zinc and Lead mine site at Abuni in Awe Local Government Area of Nasarawa State.

As part of the expansion of its mine properties the Company has obtained exploration licenses to cover Tin Ore, Tantalite Ore and Copper Ore.

LexngtonSteele:
Masturbation material for Aba Jews

But if you look closely enough, you would see it was just an "educated guess"

No survey or methodology to verify / deny these claims.

Just like Nnamdi Kanu said about 99%

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elfico:
@op, Nice thread but please stop. I am begging you. I can't be reading all 192 pages(and counting). Abeg just take a break. abeg. At this rate, pages go reach 1000.

deomelo:
https://17350-presscdn-0-16-pagely.netdna-ssl.com/wp-content/uploads/2017/07/Southwest-gov-3-e1500923897932.jpg



And afonja collects taxes and IGR to develop Lagos state and afonja land while your villages get zero benefits and kobo.


Unfortunately for you, the joke is on you...


see ya life..lmao...

laudate:
Does anyone have info on Luxxor Gas? They do CNG.