₦airaland Forum

Bbdealer:
Clearly this is not for you. You proved with no doubt you are not a rational thinker. So sorry for the genes and traits that you would leave for your offsprings

paschu:
How callous.

Imagine how you respond to someone's sweat and blood.

Do you realize that Silverbird brand has been in existence for decades whereas the said loan was only taken in 2011?

Do you even know the terms of that loan? No.

Do you have details as to WHY the company defaulted? No.

Have you heard about the the concept of "hostile takeover"?, Heck I guess NO again.

Do you know if what we're seeing now is a "hostile takeover"? I guess you don't care.

Have you (or anyone in your family) ever STARTED (not managed) a sucessful business in your life? Heck NO.

So it's now clear why you would shamelessly and publicly wish that a person's investment of over 30 years should be taken over forcefully and sold quickly.

The fact that the bruce family is taking this with stride does not mean that they were guilty of anything (as folks like you want to suggest). If anything their stride just shows that they have a great sense of RESPONSIBILITY (not blame shifting) which this govt. desperately needs.

WebSurfer:
Just answer the simple question bros.

Justcash:
What AMCON has done is to shut the businesses down, and the spiralling effect will be evident soon. They will most probably liquidate them and store the money in their accounts if BMB decides to fight on. That, my friend, is a wrong approach.

WebSurfer:
Bros, wetin you dey carry for class when you dey primary or secondary school

Justcash:
They shut the businesses down.

Justcash:
I explained it in the same write-up. MAINTAIN THE INVESTMENT BENEFITS AND STILL RECOVER THE DEBT.

There are some ways of doing that;

1. Explore legal options, as is being currently done with MTN.

2. Take over the management of the company instead of shutting it down.

3. Take control of direct servicing of the loans from the profit generated by the companies.

4. Explore possible ways of transferring ownership of the companies to another private sector player than leaving it dormant.

You don't just shut multi-billion naira companies down and damn the spiralling micro-economic effects by leaving them dormant. Yet, you wish for jobs to fall from heaven.

Dimienedonkz:
what's this one saying?

Key oil industry stakeholders were at the sail away of the wellhead platform for oil production from Ofon Phase 2. It is a shallow water field in oil mining lease (OML) 102 in 40 metres water depth. Industry players highlighted the milestones achieved by the project. EMEKA UGWUANYI was there.

The new wellhead platform of Ofon Phase 2 have been inaugurated. The ceremony took place at Nigerdock’s Snake Island Integrated Free Zone in Lagos.

The operators said the primary objective of the platforms is to eliminate gas flaring from the field and increase oil and gas production. The project is a boost to Nigerian content as all the activities were carried out in-country by Nigerians.

Total Exploration and Production Nigeria Limited (TEPNG) Joint Venture Managing Director, owners of the project, Mr. Nicholas Terraz, said the project meant a lot to Total JV. He said with the completion of Ofon Phase 2 wellheads, Total was set to increase oil production at Ofon field to 65,000 barrels per day (bpd) from 25,000bpd.

He said: “This delivery is, therefore, a key milestone in the Ofon 2 project. For the construction of the Ofon 2 wellhead platforms, over five million man-hours of work were completed with zero lost time injury. It opened a new chapter on the development of Nigerian Content. The first project ever with so many facilities manufactured in Nigeria. Five of the seven main engineering, procurement and construction (EPC) contracts were awarded to Nigerian firms.



“A pioneering achievement has been the Ofon living quarter platform, built in-country and providing a safe and comfortable accommodation for staff working on the site, the first in Nigeria. It will Increase production from 25,000 to 65,000bpd and also implementation of gas lift activation. It will help to develop additional reserves with water injection to maintain reservoir pressure and ensure an increased oil recovery, as well as improve operating conditions on site with the installation of a new living quarter platform and various facilities upgrade.

“Delivery of the new wellhead platforms will pave way for the drilling of additional 24 wells and ramp up of production to a plateau of 65,000bpd and three million cubic meters of gas per day. This delivery is therefore, a key milestone in the Ofon 2 project.

“The project target was to stop routine gas flaring and monetise associated gas from Ofon field. The flare out objective was successfully achieved in December 2014 and as a result Ofon phase 2 was awarded World Bank’s 2015 Global Gas Flaring Reduction Excellence Award. The first new wells were drilled last year and the project achieved first oil in September 2015.

Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Ibe Kachikwu, represented by the Group General Manager, National Petroleum Investment Management Services (NAPIMS), Mr. Dafe Sejebor corroborated the Total chief.

He said the project marks a significant step towards the government’s drive to increase and sustain Nigeria’s daily target production, especially in the present phase of dwindling oil price and incessant vandalism and sabotage of oil facilities. “Following years of diligent work, commitment and challenges, we are indeed proud that our collective efforts have culminated to this event. Today Ofon phase 2 can be considered a success after several years of investment in capital and human resources. The more than five million man-hours of engineering for the project done in-country immensely reflected the drive of government’s policy on local content development. Government will continue to support efforts at increasing oil and gas reserves which stand at 37.2 billion barrels,” he added.

Nigerdock Chairman Mr. Anwar Jarmakani called on the government and oil firms to support the huge investment the firm has made in infrastructure, technology and manpower training by giving the company more jobs to retain the over 3000 personnel trained to carry out such projects.

Jarmakani said: “The Ofon platform project is the first EPC and onshore commissioning contract awarded to an indigenous contractor. Following the start of this project, it has been a celebration of one milestone after another, culminating into the full completion and delivery of the project work scope. The project will bring about additional oil and gas production from 25,000 barrels of oil equivalent (boe/d). It will also help to stop gas flaring on Ofon and deliver gas to to Bonny LNG plant via Amenam field. This injection of gas feedstock will significantly boost the domestic gas market and provide critical power for Nigeria’s domestic and industrial needs in line with the Federal Government’s power sector objectives.

“A Jagal Energy Company, Nigerdock is West Africa’s leading indigenous company with expertise in oil and gas construction, shipyard and marine services, logistics support and industrial training. We have trained over 6000 personnel in our training facility recently and we have developed world class systems and processes for Nigerdock driven by competent and professional Nigerian workforce. In this high risk and HSE-critical work systems and environment, Nigerdock has executed over five million man-hours of productivity and achieved over three million man-hours without lost time incident.

“There is a serious lack of effective and efficient engineering services in-country which causes escalating costs when work has to be outsourced overseas. Nigerdock currently provides engineering services and management as demonstrated by the performance on this EPC contract and will be a major enabler of improving the current in-country deficiencies. Our work methods and systems are world class, which has been attested to by major oil and gas companies and other customers. To keep this there needs to be a consistent flow of work. A stop-start programme will simply keep us and the rest of the nation uncompetitive and we will never reach our full potential.’’

SwtLynZy:
Where d money dey go?

June 2016, Lagos – Shell Companies in Nigeria paid $43 billion into the Federation Account between 2011 and 2015, just as the companies spent a total of $195.5 million on social investments in the country in 2015, thus making Nigeria the largest concentration of social investment spending in the Shell Group.

ShellBriefing journalists at the weekend on the operational highlights for 2015, the Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair of Shell Companies in Nigeria, Mr. Osagie Okunbor, said despite its huge contribution to the Nigerian economy, the company received very small amount as returns.

Okunbor argued that as a company that gives 95 per cent of its profit to the federal government, Shell should be regarded as a Nigerian company, stressing that it was time Nigerians took the company seriously and consider its importance in areas of employment, revenue, domestic gas and creating energy access.

“Nigerians do not appreciate the importance of our company to the country. A company that gives 95 per cent of its profit to the government after necessary deductions is working for the country. We paid $43 billion into the Federation Account between 2011and 2015. When I said this in a serious meeting with top officials of government in attendance, people were looking at me as if I did not know what I was saying or as if I am not the Managing Director of SPDC,” Okunbor said.

Okunbor said Shell was not considering exiting Nigeria, adding that despite the divestment of onshore assets, Shell’s presence in Nigeria has remained substantial.

According to him, the company will continue to grow its deepwater position due to its superior technology.

Okunbor, however, added that the company is not considering investment in downstream business in Nigeria, as it has already divested in some African countries, except South Africa and few others.

“We still have in few countries, for example, South Africa but in Nigeria it is tight. Refining margin is small. Right now, on the basis of what we know, we are not considering investment in downstream. That is not to say that it can never happen but as for now, we are not considering it,” he added.

Of the $195.5 million spent on social investments in the country in 2015, some $145.1 million was paid to the Niger Delta Development Commission (NDDC) as required by law while another $50.4 million was directly expended in social investment projects by SPDC Limited-operated Joint Venture and Shell Nigeria Exploration and Production Company (SNEPCo).

“These spend levels have not come about by accident. Shell and its partners believe they can make a real difference in the lives of Nigerians, and we have targeted our investments at community and enterprise development, education and health. Of course, we cannot take the place of government but we are keen to play our part in the development of a country we’ve been part of for more than 50 years,” Okunbor said.

According to him, Shell companies in Nigeria also continued with their contributions to developing the country’s human capital and contracting capacity, spending some $900 million on local contracting and procurement.

Ownership of key assets such as rigs, helicopters and marine vessels was a key focus of these efforts to support Nigerian and community contractors.

Okunbor said Shell companies in Nigeria are also actively involved in the development and utilisation of natural gas, pioneering its production and delivery to domestic consumers and export markets.

“Although, the SPDC JV’s market share of domestic gas has reduced through a series of divestments since 2010, which enables Nigerian companies to play a more strategic role, Shell companies still remain a crucial part of the national gas energy mix. For example, our Afam VI power plant alone contributed 14 per cent of Nigeria’s grid-connected electricity in 2015, consolidating its achievements since first power in August 2008. Another entity, Shell Nigeria Gas (SNG), supplies natural gas to 87 industrial customers,” the SPDC bossexplained.

Okunbor highlighted crude theft, illegal refining and insecurity as key challenges in 2015.

“We are constantly monitoring the security situation in our operating areas in the Niger Delta and are taking all possible steps to ensure the safety of staff and contractors,” he added.

OBAFEMIawolowo:
What happened to alternative power generation?

Let's even forget about solar because of it's cost intensiveness, how about hydro source? Is this also dependent on gas pipeline?

Fashola should get to work, he's becoming so useless by the day.

MXrep:
After sabotaging eastern region based on ethnicity you want to have a multi ethnic niger delta? There will continue to be fragmentation along ethnic lines unless you go back to the old regional interest. The North have more minorities than niger delta but regional interest come first

Igboid:
It makes it less valid.

It is unprecedented in human history for a group to totally drop their language for another groups own, simply because they traded with each other.

What you are suggesting is totally irrationally and can only be entertained by a mind impervious to reasoning.

Those groups( Olukumi and Oza ngogo) kept their language, because that was always their language, even though Igbo language had made inroads into their Yoruboid and Edoid languages respectively, we can still see that their original languages persisted.

The same canont be said of Ika, Ukwuani and Ikwerrre, they remained Igbo speaking because they were always Igbo speaking. Simple. If you say otherwise, show us their first language before the current Igbo one.

Igboid:
More Ignorance from same person, nah wah!

Scottish is intelligible to English language,but we know that Gaelic and Celtic language were the first language of the people.

Olukumi people are Yoruboid people that migrated to Anioma area from Owo area of Ondo, and the fact that they were not originally Igbo speaking is seen in their Yoruboid language. Olukumi is surrounded by Igbo speaking Aniocha towns, yet retained their Yoruboid language. This nullifies your idea of Igbo people nullifying original non Igbo speaking people of Anioma region language, so much that they now speak Igbo as a first a language and has no trace whatsoever of the non Igbo language they spoke earlier.

Igbos traded with Ogoni people too, and Ogoni language remained Ogoni, they did same with Annang , Igalla and Idoma people, non of these people speak Igbo as a first language. You have no point bro.

Ika is mutually intelligible with the Igbo dialects spoken in SE, so I don't know the point you are trying to make with your Ika comparison.

Igboid:
How exactly is the situation the same!

The Scottish, Welsh and Irish speak English only as a second Language, the all have native first languages which is totally not mutually intelligible to English language or to each other.
The Ikwerre, Ukwuani, Ika speak Igbo dialects as their first language and has no non Igbo based second language.

Infact, the Aniomas who are not originally Igbo speaking, still speak their native languages as first language, and Igbo based dialects as a second one. Examples are Oza Nogogo people in Agbor, that speaks an Edoid language totally unintelligible to Ika speakers as first language, the Olukumi( Ugbodu, Ukwunzu) people in Aniocha area that speak a Yoruboid language totally not intelligible to the Igbos dialects speaking surrounding Aniocha towns, as first language,

Secondly, England conquered those people and imposed their dominance, culture traditions and lifestyles on them, go watch the movie BRAVEHEART to understand more, the Igbos in SE were not empire builders, they didn't conquer any Anioma,or Ikwere group, as to impose Igbo culture or ways on them, cos even conquered people, as we see in the Scottish, Wales and Ireland, do find a way to retain their first languages.

Anioma speak Igbo based dialects today because that had always been their language, it wasn't imposed on them by anyone. And there are no stronger ethnic marker than language.

Igboid:
Stop puting your hands into things you know next to nothing about.

The English, Scottish, Irish and Welsh all have distinct languages totally none mutually intelligible to each other.

The Scottish, Irish and Welsh all speak English as a second language.

And don't forget that the English conquered and ruled those other groups too.

Comparing the SE, Ukwuani,Ika and Ikwerre situation to the English, Irish,Scottish and Welsh situation exposes your ignorance and lack of grasp of the issue in discourse.