₦airaland Forum

Dis Guy:
how can you read what you read in the paper, the article sounded like a typical gossip column, so made up

Gbemi has only done one term in the senate and she's not really showing much face in the state anyway
I reckon she will settle for deputy governor or wait after her second term as a senator

No, she's doing her second term. She was in House of rep(1999-2003), first term senate(2003-2007) and currently doing her second term(2007-2011).

I have been hearing rumours from home(Kwara) on the plan to make Senator Gbemisola Saraki replace his brother as the nxt Governor of Kwara state, but I have been dismissing it as untrue. But after reading it on the pages of newspaper, I'm beginning to believe it is real.

But Bukola has really impressed me with his non-disposition to her sister's plan, especially at this early stage:
"The Governor immediately called a meeting of the stakeholders warning us against any campaign for the 2011 governorship as he still has a lot of work to do before the expiration of his tenure", one of the Special Advisers to governor Bukola Saraki who pleaded anonymity disclosed.

http://www.ngrguardiannews.com/policy_politics/article01//indexn2_html?pdate=130309&ptitle=Sarakis%20at%20crossroad%20over%202011%20seat

Much as I did not have any problem with Saraki installing his son, Bukky, as Governor(simply because he had installed sons of other people and his son is as qualified), but replacing him with Gbemi is going to be disastrous.

I'm a Yoruba to the core! Father and mother Yoruba.

One of my friends during service and President of Sokoto NYSC Press club, Lukmon Busari and Sokoto NYSC PRO, Haruna Abubakar, also a person I was closed to, died in an autocrash along Sokoto-Argungu road this time last year(March 15 precisely) while coming back to Sokoto from Argungu, where they had gone to cover the festival.

zomby:
My favorite Nigerian business men Mike, Otedola and Dangote

They are my favourites too. I like Adenuga's venturesomeness. He is very daring and dabbles into the riskiest businesses, yet hardly fails. Humility and simplicity stand them out, especially FO and Aliko. They even hardly engage in frivolous talks, like our Harvard-trained, loquacious Ondo billionaire. You will hardly see them talk about their wealth in newspaper interviews.
I'm aware of Mike's strong, almost overbearing management style, but in Nigeria, sincerely if you are too loose and liberal, people will ruin your business.

fegflu:
To all those who insist i should shut my mouth on my convictions abt which is more superior among academic qualification and experience. Are u now convinced that these guys do not have any university degrees but guts , brains , and are rutless in deal making. This is the guiding principles behind their daily life. And see were it has landed them- only jah knws were it will take them next.

Aliko finished from Al-Azhar University in Egypt. Femi and Mike schooled in UK, but I can't recall the schools they went. It is common knowledge how Mike was a cab driver in London while schooling. How can a whole Sir Michael Otedola not send his son to university?
While it is a known fact that the level of education has little to do with material attainment in life, it is also well known that the chance of an unschooled person making it is lower than that of a schooled person, especially in today's world. Moreso, wealth is not the only measure of success. Wole Soyinka is not rich(in the context of these men) but he got fame through his academic attainment. Wealth may not have brought him that. Rasaq Okoya, for instance is far richer than WS, but Okoya cannot step into some places WS can easily walk in.

Thank God, nobody has come here yet to mention Jimoh Ibrahim.

Ebube 1. . . the only green cap chief on Nairaland!

I've not spent 3 days consecutively in my homestate in the last couple of years but I keep hearing/reading about Bukky's wonders. He gets high performance rating everywhere.
Maybe when next I call home I will ask about about this non-stop power talk.

Lagosboy:
Sayyu is the one fighting with FO on the chevron deal. It is speculated Aliko is the brain behind his cousin Sayyu in the deal. Thats where the fight between FO and Aliko came about.

Yes, I've read about the clash FO and Aliko on the Chevron deal. Sayyu is the one operating MDS, the company that beat FO's Zenon to the acquistion of the stake Chevron divested in. FO claimed he had alraedy confided in his best friend, Aliko, that he wanted to bid for the Chevron divestment(probably disclosing his intended bid price to him) and Aliko went ahead to use his cousin, Sayyu Dantata, through his company, MDS holdings, to outbid FO's Zenon. FO claimed without Aliko's support, Sayyu would never have been able to raise that money. Na wa for all these Business moguls o

asha 80:
@afam4eva

Do not compare owner of reltel to mike adenuga.

This is funny. That was how somebody was saying, purportedly mockingly, 'how much does Adenuga have, isn't it these N500 recharge cards?'. And this person was a fellow 'corper' then. I immediately stopped arguing with him. Too ridiculous an argument.
Another common argument people that trivialize Adenuga's purse say is that 'Isn't it glo that made him?'. FTI, Adenuga has been around since the late 80's in his mid 30's. He was majorly into oil and gas. He was one of the 12 Nigerians (others were MKO,Folawiyo, and a host of others) FG gave oil prospecting licence in 1991. Glo only popularized him because of teh nature of the business - every Adamu, Ade and Eze knows about telecommunication companies but few people know about what's going on in the up/midstream sector.

I also hate to hear IBB, not Mike, owns Glo.

afam4eva:
What's all these noise about Mike Adenuga. Is he the only rich man in nigeria? There are many people that are richer than him apart from Dangote and Femi otedola, people like Onny Okonkwo(Owner of reltel), what about Dantata. This people no dey make noise.

Haba. The Reltel guy doesn't close to Mike. As regards Dantata, which of them are you referring to? Sayyu or Tajudeen? Their father, Aminu, was acclaimed to be the richest man in Nigeria in the 50s-70s. He made Aliko.
There is no denying the fact that the Dantata family are still fabulously rich. In fact, in the investment banking institution I worked a couple of years ago, I was able to come across their shares(the whole family, including babies) in a popular insurance company, and it was 1.2 biliion - and that's their stake in just one company. But we are talking about an individual now. I'm sure their leading topshots Sayyu and Tajudeen do not come close to Mike.

Mike is never available, he's too busy thinking about turning ₦1.00 to ₦10000000000

This, to me too, is not valid enough an argument, much unlike the 'quoted stockholding' argument.
Dangote is equally busy, if not busier. I understand Mike's style of management, where he oversees almost everything, including interviewing an entry level job applicant, but you know Aliko is also busy jumping from one meeting to another.

By the way, can Adenuga be busier than the capitalist US billionaires that made the list?

KunleOshob:
Well when you net off his exposure to the banks you would discover that there is not so much left. Dangote is the biggest individual debtor in the nigerian banking industry today. On the contrary Mike as been producing crude oil for over 15 years and he makes millions of dollars on a daily basis. Even though he is also exposed to foreign banks he is highly liquid and the loans are being adequtely serviced. Globalcom alone generates N500-N700 million naira on a daily basis from their local nigerian operations alone, that is not to say what is being generated in benin and Ghana. That apart glo gateway is operational in all the continents of the world carrying international calls for various operators. i hate to imagine the the amount of money he would generate from glo1( submarine fibre optic cable from Lagos to London and newyork) when it becoms operational in May this year.

Good analysis, Kunle. We learn everyday.

afam4eva:
Dangote is the only nigerian on that list.

You must be talking about 2008 list. We are talking about the just published 2009 list. Update your knowledge.

zomby:
Good point.
Forbes will only list you if you make yourself available.
Femi Otedola will tell you straight up that Mike is richer not only 2 times but 6 times richer.

FO himself will feel flattered!

sniperwolf:
I'm a Chelsea fan and a core fan of Mourinho, without a bias mind I think Man U is the best team in the World

Much as I dislike them, I have also had to admit this several times.

KunleOshob:
Forbes computes networth based on quoted stock holdings of individuals and NOT net assets or other unquoted investments. Only a very tiny fracion of Adenuga's business is quoted (conoil plc) the main companies Global com, ETB and Conoil producing are not considered cos they are not quoted. Globalcom alone is worth at least $10 billion talk less of other investments and companies he owns over seas. i am quite certain that the bull is substantially richer than Dangote talkless of femi

Good explanation there.
Just difficult to agree that FO is richer than Mike.
As regards Aliko Vs The Bull, it's very tight but I somehow believe Dangote has a deeper pocket.

The ranking is based on verifiable wealth. The worths of those ex-Presidents, Politicians etc are unverifiable, kept in secret accounts all over the world.

Anyway, for 5 richest Nigerians, I go like this:
1, Dangote
2, Mike Adenuga
3, Femi Otedola
4, Jim Ovia
5,

Otedola's making of Forbes list, and Mike's not, tells he's now richer than Mike. But I'm still taking my list as I knew before latest ranking. Difficult to digest Otedola richer than the 'bull'.

oyb:

A worthy off-topic.
Good writers are not short in supply on Nairaland, poor as our writing skills are in Nigeria.
Jakumo, like you rightly observed, is a proven good writer on NL. You cannot but find the writings of other forumers like Kobojunkie, Debosky etc also grammatically delightsome.delighful

no vex o. . .

Thanks. . . . and I also know that the absence of 't' was a 'slip of keyboard'.

. . . . seriously, delightsome is correct. I stand by the word. Both mean the same thing.

OgidiBoy:
Never seen anyone on nairaland write this GOOD, are you a writer if you don't mind me asking.

A worthy off-topic.
Good writers are not short in supply on Nairaland, poor as our writing skills are in Nigeria.
Jakumo, like you rightly observed, is a proven good writer on NL. You cannot but find the writings of other forumers like Kobojunkie, Debosky etc also grammatically delightsome.
I personally get pissed off when an otherwise good analysis is fraught with bad grammar.

I've seen the list flashed on STV but can't remember all the people that made it. Can somebody post the list here.

Aliko has risen from 337 last year to 261 this year. So FO has also overtaken Mike as Nigeria's second richest man. When is Mike going to enter Forbes list(1000)?

I'll also want to see MrCrackles.

Lagosboy:
If the story is true as it is then the verdict is definatley wrong.

Firstly this old woman is past the youthful age and the quran clearly states that at such advanced ages even her male servants could see her without her full hijab. She is past the age where the ruling on full covering applies to her.

Secondly here is a widow whose husbads brother delivers her food and is being arrested. Who else would help her ( as no kids were mentioned) . This woman is still been treated as a foreigner in Saudi even after marriying a saudi man and probably lived there since her young age. It is just a shame Damn the "house of saud" or probably "house of salut" !!!

The prophet (PBUH) used to visit some old women in his time and even used to visit the best friend of Khadijah his wife long after Khadijah had passed away. He visited her and probably took gifts for her.

Saudi Arabia is not a reflection of what islam is and what islam is not. Saudi arabi just happens to have the two holy sites of islam Makkah and Medina thats all. The corrupt evil regime of Saudi ought to be kicked out and let the people have the leaders they yearn for.

Damn the corrupt royal house of saudi !!!

Lagosboy has done the clarifications. It is wrong and absurd and an extremist application of Islamic law on segregation of opposite sexes, if the news is not twisted.

I was in office almost throughout yesterday, and I've still got loads and loads of works today.
Anyway, I'm making headway. The audit of my accounts in my entity has almost ended. I was able to go far with the auditors today. Meanwhile, another round is just starting as the Auditors move to group where I also handle their assets accounts. I have been trying to prepare schedules to submit to auditors on group accounts, and that's basically what has kept me busy since yesterday.

This is in addition to the normal request for urgent information on assets I get almost every hour.

It will be unfair to accuse Awo only of tribalism. The politics of regionalism(North/Hausa,West/Yoruba and East/Igbo) being practised then made tribalism almost inevitable. Ahmadu Bello was idolized in the north, but his influence did not go beyond North, same thing for Awo in the West. Zik appeared more acceptable nationally because he saw Nigeria first before his tribe(and this did not go down well with many of his Ibo kinsmen). Furthermore, he was born in Zungeru(North) and spoke Igbo, Hausa and Yoruba fluently.

In the second republic when he wanted to go national, contesting Presidency, I read he was rigged out, and NPN's Shagari was made the President. But whether that was truth or just a fabrication by Awoists to explain the defeat, I can't say.

Personally, I'm not an Awoist, unlike my die-hard Awoist Dad, but I recognize he was very visionary and brilliant. His selfish, too-know style of politics is what I dislike.

Sounds like a Yoruba film!

World class oil companies like Shell, Chevron etc don't recruit anytime,anyhow. They have a well-structured, timed recruitment process. You can't just enter Shell or Chevron premises, drop your CV(even with their HR, not to talk of gatemen) and say you are looking for job. I know much about Shell having gone through their recruitment process before, and I can tell you that their graduate recruitment process is globally coordinated, and in most cases once in a year. Their recruiment process starts with advert placed in top national dailies, then you fill forms online(that itself is an academic exercise that took me almost a week to complete), then an a rigorous about 2-hour interview is scheduled for the shortlisted applicants under 3 criteria called CAR(Capability, Achievement and Relationship skills) and for the technical positions, there is the fourth called Technical skills. Then if you scale through that stage, you will be invited for the final stage called SRD(Shell Recruitment Day), a full day activity where you will be grouped with 5 or 6 other candidates to practically demonstrate your skills(through teamwork, interactions, ideas on an imaginary project, brainstorming, press conference etc) a la reality show, and you will be observed while this lasts. If you scale through that thorough stage, then you medicals follow.

So in essence, most standard oil companies don't just take one CV and invite you for selection process, except it is for experienced hire. They have time and a standardized graduate recruitment process. Even with your masters and your 7 months internship, you are not yet qualified for experienced hire.

So whoever resolves to join oil company needs patience. It is banks that recruit almost every week.

ayinba1:
@segyemro,
hijab is not a sign of purity but I see it as an outward attempt to comply with the injunctions of Islamic dressing, intentions of the heart on the other hand are known only to The Most High

Well said. Hijab, like any other outward Islamic symbol, does not automatically translate to purity. But that is not an excuse not to use it as a Muslim female. Only Allah sees the heart and it is not for us to probe on the purity or not of the wearer. But , again, it is not an automatic sign of purity. A user, like any other human, is not immuned from misdemeanor.