₦airaland Forum

okine4real: i dont want to talk now so that some people would not say am forming say i have money. But the truth is i have not adjusted the palms because from mine calculation am suppose to have between 150 to 200 palms on that farm. If i have 200 palms, that means when the palms are around 5 to 7 years i would be making like 400k per year for just oil only. But am not interested in that kind of money because considering the stress, the money is way too small for me. The minimum am looking at is 3000 palms. with that, then i know i would make money. I can do the palms in mine village because lands are way too expensive in mine village. Imagine i bought 13 plots at the rate of 200k each, did survey for about almost 300k or 400k i cant remember now, clearing cost me almost 110k. So if am to have 3000 palms i need to buy 50 acres, if i buy that kind land for mine villa, I think i might Die self because i dont have that kind of money. But The West is the best place to do these kind of business. With 4M you can secure yourself 50 Acres in Ibadan ares. That was why i asked a question here some days back, that does people selling 1 acre of land in oyo or Ibadan for 50k to 80k how real is it. Although i have seen lots around Ibadan for 80k per acre but, the westerns are known for one thing, they would always find a way to collect the lands back or another family would come and say they are the real owners of the land, and if you are not strong either physically, spiritually etc, you would either lose the land or you lose your life along with it. Am not talking from what i have read, am talking from what i have seen, it even happened to my Oga in Ikeja self. So am still thinking on what to do next. But if you a Yoruba Guy, you speck the language very well, and you are sure that, you can get real genuine land without another family coming to disturb you in the future, please go and buy the land. But remember, palm business is not for the poor, if you c=dont have cash on ground, you would not succeed or the rate at which you would succeed with slow down. Imagine you buying land for about 4.5M, do survey for about 500. plant for about 300k, clear the ground for about 400. but seedling. then you start buying your factory..... You see, its an expensive business, but if you can start it, Go ahead

Regards

my advice, dont follow those write up verbally,
you can adopt a pecking order system to survive, you asses the situation, ask questions especially from students who are mostly willing to give information for a token.

IGBO-SON:
^^^When will the looking end and action begin?

situation still under constant review, so you look before you jump.
We just cant jump like 1967

Ngwakwe: The quest for Oduduwa Republic is likened to a middle man out of Three People who bought three plots of Land parallel to each other but made no attempt to fence his own plot.

It was then observed that Oduduwa went and bought magnificent Gate waiting for Biafra to fence his plot on the right and Arewa to fence her plot on the left as to enable her install the magnificent gate - what a "wisdom".

The moral lesson is that Oduduwa strives when her neighbours are enemies and will never attempt self determination by her own struggle.

In summary, until Biafra secedes there will be no Oduduwa - Fact

you look before you leap.
soup nodey shake for elder's stomach.

okine4real: You make me laugh, Mine question for you is, have you seen a 35 years old tree before? If not go and do your measurement. Am talking talking from what i read now ohh, Am talking from what i have seen face to face. 4.5 meter guy forget it, you would cry. you can use 20 feet, but you would have to get it down when its like 20 years, but your yield would be reduced. The started way is 9 meter triangular.

wetin dey happen on your farm now?
has it been adjusted?
share the experience.

dont fooled, they are best of friends.

coputa: At the tail end of his tenure he enrolled for a
course in theology in the national open university.. After graduation,the first church that he preached was, his friends church; word of life bible church in warri own by the current CAN chairman..Ayo oritsejafor...since then Obj has not step his foot into any church in nigeria...will you allow evagelist Obj to lay his hands on you...did i hear you say,God forbid...

why dont you ask GEJ

All crooked ways shall be straightened, and the glory of god shall be revealed.
Preach it baba iyabo.

Hi
kindly mail me the report
canonbj66@gmail.com

bewaje: The spacing is 4.5metre & it should be in a triangle shape each side should be 4.5m..4.56meter=14.76feet. Don't let ur greed destroy ur business. As we humans breath so does plant too.

you have refused to go through this thread, i bet your DIY will make you regret.
you need a bigger space to breath.

bewaje: Dis is d international required spacing

mba. no be true

so na you alone dey pray.
God self dey watch

achi4u: proudly Biafran!

The inventory capacity of the Biafran warfare during that war send a wrong signal to the outside world(who is benefiting from the ruins of the war) prompting them to aid nigeria at all cost to ensure that biafra is leveled,today Biafra would've been the Japan of Africa and would not hesitate in helping their African neighbors(nigeria included) .

Again Biafra is not about Nigerdelta oil or their land rather our only concern is our brothers across the niger but maybe they fail to see that picture during those days.

Biafra. cannever die.

you should remember that ojukwu sold all the resources to frenh rotschild for 10m.
its all about oil, oyel.

thats why we need participatory democracy.
you identify who is who and hold them accountable.

felixzo1: when i was doing my research on how i carry out an oil palm plantation, i read a lot of materials i found online, watch a lot of videos and visited some plantations to see things for my self. some-people just sit and want everything to be handed to them free.sorry for computer farmers

Are you based in SW,
where in SW can i get the seedlings

http://www.youtube.com/watch?feature=player_detailpage&v=qh9TP0Vzc1k

manual cutter vs electric cutter

Garri the 1st: Instead of putting heads together to find a way to develop their region, the so-called elders are traveling around the country, begging for money from "money-bags". These greedy folks care less about what happens to the people in their region.

Bunch of thieves!!

if they had adopted the system created after the amalgamtion, the chiefs would have been in a better position to caution the politicians. They would not be begging for funds or allowance.

since you are aware of the situation, profer a solution.
On there next visitation advice them of your needs and present the solution.

its good to dream.

integrityfood: am interested if this price is real. pls my email is integrityfood@gmail.com. i will like to meet with u and start the purchase of the land as am interested in the oil palm business. or call 08135044012

please guys is it advisable to start the nursery or go for the one and half year old plant.
whats the current price of the seeds.
thanks

texanomaly: I say again: HOW? Back this statement up with a plausible plan please.

how was it done in the 70s and 80s?

Malabu Deal: How Adoke, Ngama Abetted $1.1bn Oil Block Deal
Submitted by LEADERSHIP EDITORS on May 24, 2012 - 5:10am
Imported User:
PATIENCE AKPURU, UCHENNA AWOM

Despite frantic denials by Shell Nigeria of a round-tripping deal between it, ENI and the federal government over Oil Block 245, evidence of the clandestine deal was exclusively obtained by LEADERSHIP yesterday.

A copy of an agreement signed in April 2011, confirmed that Shell Nigeria Ultra-Deep Ltd, Shell Nigeria Exploration and Production Company Ltd, Nigerian Agip Exploration Ltd, Nigerian National Petroleum Corporation and the federal government of Nigeria indeed entered into an agreement that culminated in the payment of $1.1bn to Malabu Oil and Gas Limited.

The federal government was represented by the attorney-general of the federation and minister of Justice; the minister of state for finance; and the petroleum resources minister.

Investigations revealed how the ministers in April 2011 brokered the agreement to sell the controversial Oil Block 245 to Shell and pay Malabu Oil and Gas from the proceeds.

According to a resolution agreement reached in April 2011 between the federal government and Malabu Oil and Gas Limited, the federal government agreed to pay Malabu the sum of $1.1billion in full settlement of the claim to the oil block, provided the company discontinued all pending suits in the matter.

Apart from the agreement with Shell and ENI, the federal government also signed a separate agreement with Malabu, possibly within days of its agreement with Shell and ENI, to pay the Malabu for the oil block.

Specifically, the agreement between Shell, ENI and the federal government stated, among other things, that within five days of the grant and delivery of OPL 245, ENI’s local subsidiary, Agip, will pay the sum of $1,092,040,000 to the federal government on behalf of itself and Shell.

The twist, however, was that Malabu had surrendered the same oil block to the federal government (in an April 29, 2011 agreement) over objections by ENI that it could not close the deal with Malabu because of claims by Mohammed Abacha that the shares of the company, in which he also had an interest, had been tampered with by Dan Etete.

Details of two out of the four agreements were later filed in the Supreme Court of the State of New York by one Ednan Agaev of International Legal Consulting (ILC) when he fell out with former petroleum minister, Dan Etete, who is believed to have substantial interest in Malabu.

Agaev claimed, among other things in his affidavit, that he was the one who advised Etete to approach the federal government to restructure the deal as a way of clearing the hurdle for the Shell-ENI bid.

Under the structure, Malabu was to surrender OPL 245 to the federal government as if it was revoked. The federal government, on its part, was then to reallocate the oil block to Shell-ENI, collect the money from Shell-ENI and transfer it to Malabu.

Agaev sued Malabu on behalf of ILC over an alleged breach by Malabu to pay 6% of the “success fee,” or $65.5 million of the $1.1 billion for the sale.

Investigations showed that within one month of the signing of the deal, substantial transfers were made in favour of Malabu by the federal government on the watch of the minister of state for finance Yerima Ngama and the justice minister Mohammed Adoke.

According to one of the documents, “On May 24, 2011, the sum of One Billion, Ninety-Two Dollars was paid into depository Escrow Account No 41454193 domiciled in JP Morgan Chase Co, London.

“In a transaction that seemed to be a consideration of the subject matter, on August 16, 2011, the federal government of Nigeria through the minister of state for finance, Dr. Yerima Lawal Ngama and the attorney-general of the federation instructed the release of the sum of Four Hundred and One Million, Five Hundred and Forty Thousand Dollars (401, 540, 000 Dollars) into Account No 2018288005 in the name of Malabu Oil and Gas Limited domiciled in First Bank of Nigeria Plc and the sum of Four Hundred Million Dollars into Malabu Oil and Gas account No 3610042472 domiciled with Keystone Bank (former bank PHB Plc). JP Morgan complied with this instruction and made the transfers on August 23, 2011.”

It would be recalled that the federal government had, during the regime of Late Gen. Sani Abacha, on April 29, 1998 granted an Oil Prospecting License (OPL) to Malabu Oil and Gas Limited. On March 30, 2001, Malabu entered into a farm-in agreement with Shell Nigeria and assigned 40 per cent equity interest to Shell in the oil block.

On July 2, 2001, the federal government revoked the sale of the oil block and later, on May 23, 2002 awarded the block to Shell on a Production Sharing Licence (PSL). By December 22, 2003, the federal government granted Shell the right to exclusively operate the block as a contractor for 30 years.

Following the revocation and the execution of the PSL granted Shell, “various law suits involving FGN, Malabu and SNUD (Shell Nigeria Ultra-Deep Limited), were filed to determine disputes arising from the revocation of OPL 245 by the FGN,” part of the resolution agreement read.

On November 30, 2006, the federal government executed a settlement agreement with Malabu, admitting no liability and agreed to reallocate the oil block to Malabu. The agreement also entailed that Malabu releases the FG from all claims and suits in connection with the revocation.

Following this settlement agreement, more legal battles ensued from the SNUD to enforce the 2003 PSL granted it by the federal government. Again, on July 2, 2010, the federal government issued a letter to Malabu, reallocating the block.

It would be recalled that yesterday, LEADERSHIP published a story by Global Witness, an international watchdog, accusing Shell, ENI and the federal government of hiding behind a finger in a transaction that has further exposed the sordid corruption in Nigeria’s oil industry.

The ownership of Malabu - still hotly contested - but linked to top public office holders who allocated the oil block to themselves while they were in office has deepened concerns in many circles.

In interviews by our correspondents on Tuesday, the Nigerian National Petroleum Corporation denied knowledge of the round-tripping.

Meanwhile, the Senate president David Mark had on Tuesday directed a panel to investigate the round-tripping deal. However, the panel which had an emergency closed-door session on the issue yesterday afternoon will continue further deliberations today.

The chairman of the Senate committee on information, media and public affairs Enyinnaya Abaribe, who is also a member of the panel, told one our correspondents that the panel’s deliberation was not conclusive.

Benaig: You should know by now that APC without a Northern presidential candidate will lead to "no deal" by the Northerners.
The southerners there are prepared to settle for second fiddle - even if better and more qualified than their northern counterparts.

Specifically, APC is for a Buhari candidacy, and if the man kpeme mid-way, another northerner must replace him since they are "born to rule" others.

what happens in the next election?
The gentle tiger is not timid.

xxyz17: GEJ is working, the oppositions are sympathising with terrorists

and creating new set of occultist terrorist

before his death , they had a bout on this issue, soyinka said if you are the father of african literature, then i am the ogbuefi of literature. (even the king respects his father.)

dna

obj's carrot and stick, you slap with the right hand and console with the left.
its better to be hated than to be loved. the prince must decipher the truth, hence fools dont come around him. As in buhari.
A friend of a wise man becomes wiser and that of a fool is soon destroyed. Ask GEJ.

licensed2k: Sowi to ask, huh?
Was the 1st lady's microphone on autocorrect or something?
I refuse to believe this came from her,
No usual signature of hers except tryin to play politics like a smart person and apparently which is really not her thing.
Buh, on the positive side,
Her grammar has really improved.
Nigeria is really movin 4ward.
Doxology!!!!

the surgery she had in germany did the auto tuning

okine4real: I HAVE SPEND MORE THEM 3.5M AS WE SPECK. THERE IS KNOW WAY I WOULD NOT DO RESEARCH BEFORE GOING INTO IT, BUT THE PROBLEMS IS, I DID NOT KNOW I WAS DEALING WITH FOOLS... I THINK FOOL IS AN UNDERSTATEMENT...JUST DONT KNOW WHAT TO CALL MINE UNCLE RIGHT NOW.. AS AT NOW.. THERE IS FIRE ON THE MOUNTAIN OHH. I WOULD HAVE TO TRAVEL SOON TO IBUSA AND PUT THING IN ORDER. THATS WHY ITS GOOD NEVER LEAVE YOUR BUSINESS IN THE HAND OF NONPROFESSIONAL. I STILL AGREE ANY WAY SO I CANT REALLY PUT THING HERE NOW. HOPE I HAND THE MINE TO DO THAT VERY SOON BECAUSE AS SPECK AM PISSED OFF.

BYE FOR NOW

attend a training session

Billyonaire: GEJ will end up spending 11 Yrs in Office if this bill is eventually passed. Mark my word.

if they passed it now, he cannot benefit from it. he's out.

ogb5: There is no crisis anywhere over this.
A change to the provision of the constitution is not something the senate can do without the support of the executive.

How do they intend to get 2/3 of the state assemblies to pass a constitution the president and 1st term governors are opposed to.

When GEJ proposed a single term in 2011, it was for him to spend a single term of 6 years.

What the senate are now proposing, if started in 2015, will mean GEJ will be spending a single term of 4 yrs.

The implication is that this amendment is simply aimed at stopping the 2nd term bid of GEJ and will be resisted because it infringes on the rights of the president.

the ammendment clealy stated that incumbents cant benefit from the change.
that is if the tenure was changed during GEJ's term, he would serve just 4 yrs and not 6 yrs.