₦airaland Forum

Aufbauh:
I thought it is only the Hausa-fulani elites that do impoverished their commoners.
You mean the commoners are suffering from the same subjugation by the elites across every part of the country?

I go report you to Papa God, o! I don talk say I no wan laugh today abeg, but...

StOla:
Only a propagandists will worry about being ridiculed by facts.

So why the need by Igbos who suffer from inferiority to falsely claim it is a city all along?

Are they backward negros for making false claims to a city when they could have their town equipped with all that is necessary and still be contented with the description of "town"?

Thanks to Forbes for not calling a butterfly a bird.

That Forbes article was not well researched in my humble opinion. What was all that story about using Ojukwu's Rolls Royce to chauffeur the Queen around during her visit?

Amarabae:
sorry, Forbes magazine is more trusted and more acceptable than your ibadan media.

No, in this case the Igbo writer of that article in Forbes made a blunder, by rushing to press without crosschecking the facts of his story.

cstr1000:
So I am expected to take the word of a backward ignorant Yoruba tribalist over forbes Africa.
Yes of course.

Yes, as that article was written for Forbes by an Igbo writer, and was devoid of any factual research whatsoever. It was just a fluffy PR piece.

Aufbauh:
Anything that makes them feel good they should kotinu.

The irony is that the people who pride themselves as the average richest people in Africa are still the ones crying victimization and marginalization.

Hehehe..... I no know say you sef see am!

Markfemi2:
Yoruba tooooooo muuu h

Why did you attach a picture of those governors? Did they make any input into the thread?

Scholes007:
I respect Nigerian local content act, but that action (though disgraceful) show that with or without LADOL Samsung will excute the project. In "Odita described the action as disgraceful, stressing, “they used LADOL to obtain what they wanted and as soon as they thought LADOL was no longer necessary for their operations, they tried to kick them out which is entirely improper and indeed disgraceful.”

That was just an opinion, given by Odita. He is not the final authority on anything. Federal govt has stepped into the matter and Samsung cannot execute anything without going through LADOL, or another fully-qualified Nigerian company to carry out this project, as long as the fabrication and component parts of the project are going to be done on our shores.

In fact, in March 2017 just earlier this year, an update on the whole project was published in the media to show that LADOL had started work on the project.

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Simbi Kesiye Wabote has applauded the pace of work at the Lagos Deep Offshore Logistics base (LADOL), stressing that he will be on hand to inaugurate the Egina FPSO in the fourth quarter of this year.

Wabote stated this in Lagos when he led a team of his officials and other top industry service providers and international oil companies (IOCs) on a facility tour of the base at the Apapa Ports Complex, Lagos.

LADOL is currently playing host to the fabrication of a $3.8 billion oil and gas logistics service facility commonly known as the Floating Production Storage and Offloading –FPSO rig, otherwise called the Egina project.

The project which has been applauded as first -of- its- kind in the sub-Saharan Africa is being handled by the Korea-based Samsung Heavy Industries (SHI) on behalf of Total Oil Exploration, with LADOL serving as its local content partner. He said the indigenous oil and gas logistics service provider is a testimony of the success story of local content laws in Nigeria. https://www.thisdaylive.com/index.php/2017/03/10/ncdmb-to-flag-off-egina-project-in-q4-applauds-ladol-compliance-to-local-content/

ODVanguard:
I meant the Fut Conceptus and the Yiko Deen Ltd. he mentioned. I'm not sure if those have been mentioned.

No, not yet. Can't seem to find info on Yiko Deen online. Don't know why.

Konquest:
I love the ITELE Range of shoes/footware!

International Standard.

There are many more foot ware manufacturers from the S/W such as Fut Conceptus in Lagos owned by Wole Madariola
and another that supplies to the Nigerian Army such as YIKO DEEN Ltd in Lagos owned by the CEO who is just 28 years old.

ODVanguard:
Can you do something a bit more detailed on those guys you mentioned? Like a profile with pix and all.

Hi, there is a profile on Itele shoes on pages 123, and 130. The quality of their shoes has been discussed extensively on other pages as well.

Andela & Flutterwave have already been profiled extensively on pages 143, 155, 183, and 192

FKO81:
Ignoramus read more about Ladol and SHI contract on Egina by Fidelis Odita, a Senior Advocate of Nigeria (SAN) and counsel to LADOL
Total Upstream Nigeria Limited (TUPNI), which operates the Oil Mining Lease (OML) 130 block, had been given the required approval by the Nigerian National Petroleum Corporation (NNPC), regulators of the country’s oil industry, for the award of the main Engineering Procurement and Construction (EPC) contracts for the development of the multibillion-dollar Egina oil field, and Samsung, riding on the back of its partnership with LADOL, in compliance with the local content act, won the $3.1 billion contract in 2013.

Samsung within the framework of Nigerian Local Content Laws, which require that the minimum content in that contract executed within Nigeria, found a suitable partner in LADOL, the first indigenous privately owned offshore logistics base operated in Taqwa Bay, where the FPSO integration and fabrication is to be done.

“It was a joint venture in which Samsung was a senior joint venture partner and LADOL was the junior partner, Fidelis Odita, a Senior Advocate of Nigeria (SAN) and counsel to LADOL told Ventures Africa while the suit was ongoing. “They bided for and obtained the general contract, but as soon as they got it, Samsung wanted to appropriate the entity of the benefit following from that contract to itself to the exclusion of LADOL, which to put it mildly, is a show of bad faith.”

Irked by Samsung’s ‘excuses’ following the award of the contract, Odita described the action as disgraceful, stressing, “they used LADOL to obtain what they wanted and as soon as they thought LADOL was no longer necessary for their operations, they tried to kick them out which is entirely improper and indeed disgraceful.”

Scholes007:
so much for the largest local firm.

You guys are really out of touch! LADOL fought back, took the case to court and appealed to federal govt authorities, and won the job back based on the Local Content Act. Samsung's action was regarded to have violated the local content act that was enacted by the govt. Go and check!

FKO81:
https://en.wikipedia.org/wiki/Agbami_Field

In order for you to get more understanding about a subject, please consult a wide variety of sources. There is no oil block or oil field, in which NNPC does not have a minority stake. NNPC always holds the govt interest in that oil field by virtue of the Petroleum Act 1969. So owners of most oil block usually hold between 50% to 70% of the oil block, while the rest is shared between NNPC and the operators.

The Petroleum Act, 1969 with comprehensive provisions on exploration, production and transportation. The Act vested ownership of petroleum resources in the Federal Government of Nigeria and is the primary legislation on petroleum activities to date. https://dpr.gov.ng/index/wp-content/uploads/2016/08/2014-Oil-Gas-Industry-Annual-Report-.pdf

Even blocks owned by the multinationals are done as a joint venture. So in many cases, you would find the shareholding structure as follows: Shell 60% - NNPC 40%, or Mobil 65% - NNPC 35%, Chevron 60% - NNPC 40% etc.

Now, the Agbami oil field stretches across 45,000 acres and is located some 70 miles (113 kilometers) offshore the Niger River Delta. Situated on Nigerian Blocks OML 127 and 128, Agbami's water depth is 4,500 feet (1,372 meters).

OML 127 is owned by Famfa Oil, which is the oil firm owned by the Alakijas. As usual, NNPC owns a minority stake in it. Chevron(through its subsidiary Star Deep Petroleum Limited) is the operator of that oil field, because it has the technical expertise and equipment, to carry out drilling activities on behalf of Famfa.

OML 128 is owned by Statoil as it has a Production Sharing Contract, with NNPC. Statoil does not have any interest or shares in the oil field OML 127 owned by the Alakija's company known as Famfa. Petroleo Brasileiro Nigeria Limited (Petrobras) is also part of OML 128 along with Statoil.

Now, Agbami FPSO was constructed to serve as a floating, production, storage and offloading (FPSO) vessel for the area covering the two oil fields. The entire area called Agbami oil field is made up of OML 127 (owned by Famfa/NNPC), and OML 128 (owned by Statoil & Petrobras/NNPC). The operators across both oil fields are Chevron & Texaco Upstream.

<sub>http://www.petroleum-economist.com/articles/markets/trends/2008/nigeria-output-lifted-by-agbami-start-up

http://library.procurementmonitor.org/backend/files/Tender%20Opportunity%20Provision%20of%20Mud%20Logging%20Services%20to%20Support%20Deepwater%20Oil%20and%20Gas%20Well%20Drilling%20and%20Completion%20Operations%20at%20Star%20Deep%20Water%20Petroleum%20Limited%20April%202016.pdf</sub>

Develpeast:
Mrs. Amaka Igwe is CEO of Best of the Best Television, known as BOBTV. Popularly known before now as the CEO of Amaka Igwe Studios,

She is one of the foremost movie directors in Nigeria today.

Her films have drawn international recognition to the home video industry. She is the producer of the award winning movie “forever” and the long standing soap opera Checkmate.

Amaka Igwe died a few years back.

FKO81:
Agbami Field is an oil field in Nigeria. Discovered in late 1998, it was the second major deepwater oil field discovered off the Niger Delta, the first being Bonga Field by Shell.

[b]The field is located in nearly 1,500 meters (4,900 ft) of water off the central Niger Delta. The operator of the field is Star Deep Water Limited, an affiliate of Chevron. Also involved in the field are Famfa Oil, an indigenous oil company owned by the Alakija Family of Lagos, Petrobras (Brazil), Statoil, and NNPC (the national oil company of Nigeria)

Production

Production began in 2008 at over 70,000 barrels per day (11,000 m3/d) with peak production estimated to be at approximately 250,000 bls/d. The Floating Production unit is the length of three football fields and cost over $US4 billion to build.

Please provide your source as there are errors in this excerpt you quoted.

The entire area called Agbami oil field is made up of OML 127 (owned by Famfa/NNPC), and OML 128 (owned by Statoil & Petrobras/NNPC). The operators across both oil fields are Chevron & Texaco Upstream

mercyville:
Laudate...pls do TUNDE ADEOTI...SAMUEL OLATUNDE FADAHUNSI...FORMWORK ENGINEERING....HAKEEM ADISA TOLUWALOJU...SEGUN IKUGBONMIRE...SOJI AKINTAYO...ITUNU ARIBISALA...REMO TEXTILE MILLS.....NIYI YUSUFF..Thanks

Hmmn.... Are you aware that Formwork Engineering, is a partnership between Ibukun Sonola and Eric Udorie? Their work is fantastic, sha. They are highly respected in the industry. I will complete their profile soon.

Tunde Adeoti, is the Managing Director of Megawatts Nigeria Limited, established in 2007, as an infrastructure solutions provider in the Mechanical, Electrical and Piping (MEP) engineering services industry.

Megawatts has executed high profile projects in areas such as power infrastructure, plumbing works, mixed use buildings etc. It has also handled complex projects for manufacturing companies, oil & gas firms, real estate, hospitality, religious, educational, government, and financial institutions.

The company also offers Air Conditioning, Ventilation, Pressurization Systems, Plumbing, Fuel System and comprehensive fire protection systems. Their clients include DSTV Multichoice Supersport Studios Ilupeju, Lagos; Briscoe Properties Ltd; Procter & Gamble etc.

https://www.megawattsng.com/project/PG.jpg

https://www.megawattsng.com/project/supersports.jpg

https://www.megawattsng.com/project/kwara.jpg

_{http://www.megawattsng.com/supersports.php}

Itunu Aribisala, a graduate of Business Management at the University of Essex, London, looks too soft to be a sharp, young entrepreneur. But her good looks are a great foil for her talents. Aribisala is one of the bright talented designers, whose clothes are being used to make a fashion statement, whenever the need arises. She is a former model, who has launched herself into the hectic world of fashion designing.

https://www.nigerianews360.com/wp-content/uploads/2017/04/if-you-want-good-wear-you-have-to-pay-good-money-aribisala-ceo-versatile-bay.jpg

Her maxim is simple. Good things do not come cheap. As the CEO of Versatile Bay, a new fashion outlet, she is out not just to add value to her clients, but to also make a definite impact in the fashion industry.

https://i.pinimg.com/564x/cd/8a/35/cd8a354a93cc1f906016fcb66994541c.jpg

https://s-media-cache-ak0.pinimg.com/564x/00/b4/db/00b4db1f611bd2113fdb68af648410b4.jpg

https://s-media-cache-ak0.pinimg.com/564x/1d/7c/d4/1d7cd41658b5741a5614788b0df2ab6c.jpg

https://s-media-cache-ak0.pinimg.com/564x/72/e9/b8/72e9b8074bff57828fe2afcdab6d07c3.jpghttps://s-media-cache-ak0.pinimg.com/564x/85/8e/94/858e94cc1715e37d684bcb0e6abb7ab0.jpg

"We have been able to create a niche for ourselves, and we have been able to create our own unique pieces. Our pieces are different from other designers’ pieces. Customer relation is also key to us. We have a very good relationship with our customers so they keep coming back. Our designs are unique. I actually like to work with patterns; especially floral patterns and designs because they are versatile and you can get so many designs from them and do many things with them. I like to make pieces that are versatile that you can wear in many ways; it is one outfit that can be worn in different ways. "

Why made in Nigeria goods are more expensive
"If you want good quality, you have to pay good money. This is because, labour is very expensive, a good Nigerian tailor does not come cheap, for instance we have a designer who charges one million naira for bridal wear. When such a designer employs tailor, she pays them good money." https://www.nigerianews360.com/if-you-want-good-wear-you-have-to-pay-good-money-aribisala-ceo-versatile-bay/

https://scontent-lhr.xx.fbcdn.net/v/t1.0-9/578829_254243931361231_1389163717_n.jpg?oh=4943b487c3f3e59911d09ecca827db10&oe=5A232489

Hakeem Adisa Toluwaloju, FCA, CFA, ACTI is the Chairman and Chief Executive Officer of HAT Global Nigeria Limited. After serving in various organisations such as Bredero Nigeria Limited, (a construction company from Netherlands, that built the famous 1004 flats in Victoria Island, Lagos; as well as Sheraton Hotels and Tower in Abuja,) he joined Daily Need Industries as a Finance Manager. From there, he went on to work with HFP Engineering (builders of the famous Victoria Garden City and Dolphin Estate in Lagos), as Chief Accountant. After a while he decided to set up his own firm and HAT Global Nigeria Limited, was born.

It is a well-structured firm, offering a range of highly professional services in the following areas:

- installation, servicing and maintenance of solar power products, energy efficient water heating and filtration systems, as well as roof installation products.
- building of telecommunication masts, electrical and mechanical services;
- importation and sale of F.G. Wilson Perkins [U.K Built] Electrical Generating Sets ranging from 9KVA to 5,000KVA;
- effective after sales service including complete overhauling of the entire Perkins engine systems;
- importation of genuine electrical generator spare parts from Perkins UK;
- rental or leasing of heavy-duty electrical generators;
- building construction and renovation to high quality standards;
- Computer Application Systems Design and Development etc.

https://hatglobal.com/wp-content/uploads/2015/07/Telecom-Tower-3-400x576.jpg

Hubert Adedeji Ogunde, (1916 —1990), was a Nigerian playwright, actor, theatre manager, and musician. An ardent lover of the performing arts, he was a pioneer of Nigerian folk opera (i.e. drama in which music and dancing play a significant role). His theatre group was known as the Ogunde Concert Party at inception in 1945. It was the first professional, theatrical company in Nigeria.

Hubert Ogunde is regarded as the father of Nigerian theatre. As a multi-talented thespian, Ogunde's activities ignited interest in his country’s indigenous culture.

[img]https://ebiographer.files./2015/05/ogunde-portrait0002.jpg?w=305&h=469[/img]

Ogunde’s first folk opera, The Garden of Eden and the Throne of God, received great accolades in 1944, when it was staged. At that time, he was still a member of the Nigerian Police Force. It was produced under the patronage of an African Protestant sect, and it mixed biblical themes with the traditions of Yoruba dance-drama.

Another of his works titled Strike and Hunger (performed 1946), re-enacted the general strike of 1945, as its' dramatic theme. In 1946 the name of Ogunde’s group was changed to the African Music Research Party, and in 1947 it became the Ogunde Theatre Company.

Many of Ogunde’s early plays were attacks on colonialism, while those of his later works with political themes deplored inter-party strife and government corruption within Nigeria. Yoruba theatre became secularized, through his careful blending of astute political or social satire, with elements of music hall routines and slapstick.

[img]https://ebiographer.files./2015/05/ogunde0002.jpg?w=412&h=322[/img]

Ogunde’s most famous play, Yoruba Ronu (i.e. “Yorubas, Think!”), was performed in 1964. It was perceived as an indictment on the premier of Nigeria’s Western region at that time. The outcome was that his theatre group and its' productions were banned from the region—the first instance in post-independence Nigeria of literary censorship. The ban was lifted in 1966 by Nigeria’s new military government, and in that same year the Ogunde Dance Company was formed. Otito Koro meaning “Truth is Bitter” was performed in 1965. It was also a satirical commentary on political events in western Nigeria in 1963. An earlier play produced in 1946, The Tiger’s Empire, also marked the first time in the Yoruba theatre industry, that women would appear in a play as professional artists, in their own right.

[img]https://ebiographer.files./2015/05/ogunde3.jpg?w=416&h=343[/img]

Ogunde’s technique was to sketch out the basic situation and plot, and then write down and rehearse only the songs of his plays. The dialogue was improvised, thus allowing the actors to adjust to their audience. The plays produced by his company usually reflected the prevailing political climate and interpreted for audiences the major issues and the aspirations of those in power.

His company performed with equal ease in remote villages and in metropolitan centres of Nigeria (as well as throughout West Africa). Many of Ogunde’s later folk operas were basically popular musicals featuring jazzy rhythms, fashionable dance routines, and contemporary satire. Through this format, he set an example for a successful commercial theatre and prepared audiences all over Nigeria for his followers. During the 1960s and ’70s his plays became an important part of the urban pop culture of West Africa. https://www.britannica.com/biography/Hubert-Ogunde

https://thenationonlineng.net/wp-content/uploads/2013/10/Hubert-Ogunde.jpg

Apart from writing & producing several stage plays, Chief Hubert Ogunde also produced films in his indigenous language, Yoruba - but subtitled them in English. His feature-length films included Ija Ominira and Ajani Ogun, Aiye, Jaiyesinmi etc. He released three more feature-length films influenced by Yoruba mysticism. In 1990, Ogunde acted in Mister Johnson, a 1990 American drama film based on the 1939 novel by Joyce Cary, which featured British top actor, Pierce Brosnan who would later play the part of James Bond, several years down the line. Hubert Ogunde was born in Ososa in Ogun State, but died in London England in 1990.

igbeke:
Yorubas when will you stop being stupid? When will you choose to have a voice of your own? When will you stop this ass-snuffing you daily do to the Fulanis?
The Hausa /Fulani will insult you but you will prefer to vet your anger on the innocent Igbo man. The Hausa/Fulani will massacre your brothers and sisters without any provocation in their hundreds even in your own soil, yet you will prefer to delusionally claim it is the Igbo man that is causing the trouble.
The Hausa/Fulani have repeatedly echo it that they hate you with passion and that you are not to be trusted, yet you will always find a way to appease them even if it takes you insulting your own elders like FFK, Fayose and Odumakin who work tirelessly to give the yoruba race a voice, why? Is this to b called an act of cowardice or stupidity? Even the Hausa/Fulani's could testify to this as it amaze one of their posters in a thread I went through.
In every anti-igbo news, you are there hurling insults. Believe you me, Igbos and the Niger-deltans remain the best ally you should crave to have as it is obvious that this country is dying and the probability of it recovering is almost zero.
You can hate him as much as you can, but fact remains that Nnamdi Kanu has affect and effect Nigeria with his crusades that things will never remain thesame again and when the chips are down, his name will never be forgotten again.
The Hausa sang a hate filled song against the Igbo's. Have you ever thought that a retaliatory song may also emanate from the Igbos who have far better world acclaim singers? When that happens, do you know it could lead to something we are all praying to avoid?
Talking of war, you really think the almajiris will exempt the Yorubas?
As for the quit notice to the Igbo, do you really think igbos in the North will be forcefully evicted from the north and the northerners will still remain comfortably in places like PH, Benin, Uyo, Yenegoa, Asaba etc?
Well, I am not saying this for you to love the igbos but for you to think twice and carve your own destiny for yourselves and your offsprings.

Hey, I nor be Igbo o. I be 24 carat Edo guy who hates injustice but loves equity

You are an Edo guy, and yet you are taking double dose of panadol for someone else's headache? Why? In what way are the Yorubas stupid, if I may ask?

Is it because they do not rush blindly into any activity, without sitting to count the cost first? Is it because they are thoughtful, strategic and methodical in their actions, especially when it concerns the political interest of their people?

Is it because they do not rush in blindly into places, where even angels fear to tread? Or is it because they can harness their collective strength to play the politics of opposition, in order to eventually get what they want without firing a single shot?

Is it also because they can build bridges across ethnic divides, in order to achieve their goals instead of employing brash, unruly, divisive collective behaviour that alienates their friends and foes, like our SE friends are fond of doing?

By the way, who told you that the IPOBian Igbo man, is innocent? Have you listened to Nnamdi Kanu and his supporters when they address other ethnic groups? Haven't you heard their hate speeches, bile, vile epithets and insults that they launch at members of other ethnic groups, who do not share their views? Who were the first set of people to call Nigeria a zoo? Or to refer to those in it as animals? So you expect those at the receiving end of their insults to keep quiet? Na who be mumu? Where is it written that in order to win supporters to your cause, you must first insult them? They are just reaping the fruits of their uncouth language and hate speech they sowed in the recent past via Radio Biafra and other media.

Oga, take time out to understand the way the Yorubas play their politics o, before you jump into any conclusion! As a person from a minority tribe, I have often been interested in how they eventually get things to work in their favour in the long run, without others being aware of it, until it is too late. You should take time out to study them, too.

But I must confess that coming from an Edo man, that you claim to be, your remarks have truly disappointed me. Anyway, no wahala. It just reflects your perspective, the level of your intelligence & depth of your understanding. It is your life. You are entitled to your views. Kindly just remember that the freedom to swing your arms, ends where another person's nose, begins!

suremanpatriot:
my friend you must be a toddler,because am sure you haven't seen war to understand wht 2years of raging mortal combat feels like. Why not join the army and go test ur liver in sambisa forest for a week instead of running your fowl mouth abusing your elders. Is lik you reason with your anus. If Chief Ojukwu had given up himself to be ambushed lik the way they did to Gen.Ironsi,the so called biafra would be long silenced and crushed forever. You dare call Ojukwu a coward because you lack decorum to address a hero.

Ehn..... Ojukwu was a hero - a hero who fled from the battlefield leaving his people to die, and then left his second in command to face the music. Thank God for people like Phillip Effiong, who had the courage to take the right steps to end the war and face the opposition, even at great risk to their own lives.

"I, Major-General Phillip Efiong, Officer Administering the Government of the Republic of Biafra, now wish to make the following declaration: That we affirm that we are loyal Nigerian citizens and accept the authority of the Federal Military Government of Nigeria. That we accept the existing administrative and political structure of the Federation of Nigeria. That any future constitutional arrangement will be worked out by representatives of the people of Nigeria. That the Republic of Biafra hereby ceases to exist."

At the time of the surrender, Effiong believed that the situation was hopeless and that prolonging the conflict would have led only to the further destruction and starvation of the people of Biafra. At that time Effiong said, "I am convinced now that a stop must be put to the bloodshed which is going on as a result of the war. I am also convinced that the suffering of our people must be brought to an immediate end." https://en.wikipedia.org/wiki/Philip_Effiong

Effiong's action put an end to the turmoil, suffering and carnage. He saved many more lives from being destroyed. Obong Philip Effiong, Akangkang Ibiono Ibom may his tribe increase! And may the souls of the departed on both sides of the divide, continue to rest in peace.

FKO81:
https://newtelegraphonline.com/2017/04/local-oil-firms-walking-tight-rope/

Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies.

The firm’s management cannot be blamed for flaunting its new status as the oil industry is battling with cash crunch and little or nothing was expected from the local firms who are the worse-hit by the crisis.

Aiteo is not alone, a few other firms put up sterling performances, even though they still ranked far below the 77,000 barrels per day production figure of Aiteo . The sad aspect is that tens of indigenous firms are faced with bankruptcy while their productions are near to nothing.

Investing in Nigeria’s future

On April 1, 2015, the media was awash with news that the ownership of OML 29 had been formally transferred from Shell Petroleum Development Company (SPDC) to Aiteo Group.

This information was dismissed by many industry watchers and stakeholders, considering that the divestment programme of the oil major, Shell Petroleum Development Company (SPDC), had not been without controversies and rumours of litigations.

On the other hand, IOCs, which have indelibly etched their names in gold and local investors who play big globally had not only shown keen interest in the divestment offer, they had submitted seemingly irresistible bids to corner it.

As such, Aiteo Group was not reckoned with by bookmakers. But a document by Aiteo revealed: “But with conviction in its impeccable track record of safe, reliable and environmentally conscious energy development and a clear vision for the future, Aiteo snapped up a 45per cent stake in one of Nigeria’s largest onshore oil blocks, in addition to the Nembe Creek Trunk Line, which marked a turning point in oil and gas business in Nigeria. Thus, Aiteo secured the potential to hold as much as 300 million cubic feet of gas and 2.2 billion barrels of oil.

“From when they first indicated interest in the lease, the owners and managers of Aiteo Group were unmistakable about their commitment and bold ambition to be a major part of the world’s energy solution.

The march towards that global vision was gradual, steady and without any publicity stunts. The leadership, management and staff of Aiteo rolled up their sleeves and went to work in silence.

The result of those quiet efforts came out resoundingly when, a few days ago, Aiteo Eastern Exploration and Production Company Limited (AEEPCo) announced a peak production of 90,000 barrels per day less than one year into the operatorship of the reputedly largest onshore oil bloc OML 29.

Agog with excitement hidden beneath journalistic curiosity, pressmen have lately turned the headquarters of the integrated energy company to a Mecca of some sort, as they besiege its officials to know how Aiteo has been able to break into the league of big players within such a short period.

This is no mean feat when considering that SPDC could barely produce 23,000bpd prior to the divestment.

“Top among Aiteo’s landmark achievements since its foray into the upstream sector is the production of 90,000bpd. In 2016, the company traded petroleum products worth over $11 billion.

Only recently, it announced a further $4 billion medium-term investment aimed at boosting both gas and oil output by, amongst other tactics, bolstering infrastructure asset.”

Aiteo, the document explained, has not only risen to be Nigeria’s largest indigenous oil producers with ownership and operation of petroleum storage facilities in Lagos and Port-Harcourt, including the Abonnema Storage Terminal with total capacity of over 110 million litres, the company also holds the second spot in petroleum products tankage in Nigeria.

Did you read this article at all before you posted it? Do you realise that it corroborates what Deomelo and I have been saying all along? It is clearly stated in there that "Aiteo’s landmark achievements since its foray into the upstream sector is the production of 90,000bpd." Now, compare this figure to the 200,000 bpd being produced by Famfa since 2009! It is clear that Famfa's output outstrips Aiteo's output, by a huge margin!

Secondly, it states that "the company also holds the second spot in petroleum products tankage in Nigeria." Now, who holds the first spot in petroleum products tankage, if Aiteo holds the second spot? Can you guess?

mercyville:
Laudate...pls do TUNDE ADEOTI...SAMUEL OLATUNDE FADAHUNSI...FORMWORK ENGINEERING....HAKEEM ADISA TOLUWALOJU...SEGUN IKUGBONMIRE...SOJI AKINTAYO...ITUNU ARIBISALA...REMO TEXTILE MILLS.....NIYI YUSUFF..Thanks

Ok, it will take a little while, but I'll work on them.

ODVanguard:
Lol. See how he embarrassed himself again? He's too ignorant to know about the famous Motley Fools. He prolly thought it was a prank website or something. Guy, you dey try o.

I decided to take the pains to educate him, and others like him. Let us hope he understands the lesson.

FKO81:
I was faster than you, ok after your first post that included your source, you now cut your source for me not to see

No, the source was cut out because I had to reduce the size of that screenshot, in order to enable the page to upload faster. Now, have you read the article at the Ventures Africa link? Pls do so, and share your findings with us.

As for the fool.co.uk, I have already explained it, in my previous post. But let me repeat it again because I know, you are too slow to understand things.

If you click on the link in that screenshot, you will find that www.fool.co.uk is actually the website of a group of UK-based stock analysts known as The Motley Fools. Their aim is to simplify stocks and share prices as well as financial info., in such a simple way, that even a 'fool,' can understand it. Please check their website. www.fool.co.uk;

FKO81:
Afonjas no go kill person just imagine your source according to fool.com.uk

No, fool.co.uk is NOT my source. Go back & read my post carefully. My source is http://venturesafrica.com/the-richest-black-woman-in-the-world-folorunsho-alakija/. A link to the Supreme Court judgement in which Famfa was awarded the oil block is even included on that page. Pls do yourself a favour and read up that article, as quickly as possible.

And if you click on the link in that screenshot, you will find that fool.co.uk is actually the website of a group of UK-based stock analysts known as The Motley Fools. Their aim is to simplify stocks and share prices as well as financial info., in such a simple way, that even a 'fool,' can understand it. Please check their website. www.fool.co.uk;

FKO81:
I know you are too dumb to remember the genesis of your argument Let me remind you

Oboy what is current production output pd from those companies you listed not estimated value your people are noise makers,
On Ladol , I once worked with NAPIMS at Bayokuku Ikoyi office, I have visited LADOL several times and I know the slim lady in charge, one thing with your people you make loudest noise when you achieve little, you can't compare Ladol to oilserv, Nesthak, chrome group in oil servicing, stop deceiving yourselves from what Lagos medias are feeding you
The FPSO vessel fabrication and integration facility- currently being operated by SHI-MCI FZE, it's a joint venture between Samsung Heavy Industries and LADOL's shipyard operator, Mega-Construction and Integration FZE.

Nigeria’s indigenous oil operators plan to increase production by 60 percent in 2018

Current output breakdown showed that Aiteo, Eroton, NPDC, Oriental, Seplat produce 77,000 barrels per day, bpd 54,000 bpd, 42,654 bpd, 24, 000bpd, and 21,881bpd respectively. Newcross, Midwestern, Belemaoil, Amni, Conoil, Niger Delta, Walter Smith and Erin Energy produce 20,000 bpd, 13,000 bpd, 12,000 bpd, 11, 000 bpd, 9, 130 bpd, 7,000 bpd, 5, 837 bpd and 5,000 bpd. Others – Energia, Moni Pulo, Prime Energy, Platform and Pillar Oil – also produce 4,500 bpd, 3, 200 bpd, I, 200 bpd, 1, 100 bpd and 1, 100 bpd respectively.

Aiteo emerges Nigeria’s leading oil & gas company with record 90kpod output in 1 year
https://www.orientenergyreview.com/aiteo-emerges-nigerias-leading-oil-gas-company
Read more at: http://www.vanguardngr.com/2017/04/nigerias-indigenous-oil-operators-plan-increase-production-60-percent-2018/

Do you know your problem? You have very little knowledge of the oil industry, and the companies whose assets you are trying to use to score cheap points. You are using an outdated document, to try and look good. Unfortunately, you have shot yourself in the foot again.

Have you ever heard of Agbami oil field? Well, it is one of the most prolific fields in the offshore areas of Nigeria. Guess what? It's OML 127 is owned by Famfa oil. And Famfa Oil is owned by the Alakijas (i.e. Folorunsho Alakija and her husband Modu Alakija). They have signed a technical services agreement with Chevron to help them operate that field. It is for the same Agbami, that an FPSO contract was issued to Samsung & Ladol. That FPSO will store the oil being produced from Agbami.

Now, shey you are still following the tutorial? Agbami oil field better known as OML127 & 128, currently produces over 200,000 barrels per day. Compare that with the 77,000 barrels per day, that Aiteo currently produces. Now, let me ask you a little question. Between Famfa and Aiteo, which company produces a greater amount of crude oil?

Daily production at OML 127 currently stands at 200,000 barrels per day. When the Nigerian government, through its wholly-owned petroleum company, NNPC, was trying to justify its forceful acquisition of a 50 percent stake in OML 127 at the Supreme court, the Government admitted that if Famfa Oil owned a 60 percent stake in the OML, the company stood to earn $10 million on a daily basis (after taxes and other exploration costs have been settled). The government’s argument at the Supreme Court can be found through this link, (item number 23). http://venturesafrica.com/the-richest-black-woman-in-the-world-folorunsho-alakija/

hilroy:
^^^^^^

I know something brief was done about Mrs. Ibikunle Awosika, but the post didn't mentioned she was the Chairperson of First Bank of Nigeria. I just love this woman, a source of inspiration for many young Yoruba ladies

Mrs. Ibukun Awosika has been profiled on pages 67, 107, and 110. It was mentioned that she was the Chairman of First Bank /FBN Holdings, as well as the founder of Sokoa Chair Centre.

FKO81:
Ignoramus Egina fabrication yard is a joint venture be SHI and Ladol as local content partner.

Samsung and Ladol to establish N51bn vessel fabrication facility


The Lagos Deep Offshore Logistics, LADOL and Samsung Heavy Industries SHI, have formed a partnership to establish a N51 billion vessel fabricating facility.
http://www.vanguardngr.com/2014/10/ladol-samsung-establish-n51bn-vessel-fabrication-facility/

Do you even realise that you shot yourself in the foot with this post? The post just serves to confirm that the magnitude of new business that would accrue to Ladol, from the establishment of the vessel fabrication facility.

FKO81:
Dodomayana, Ladol is indigenous oil servicing firm, but not among top 10 oil servicing firms in Nigeria, we are talking about Egina vessel fabrication and integration facility currently being operated by SHI and Ladol as local content partner

Who fabricated this list of top 10 oil servicing firms that you are talking about? When, where and how was it drawn up? What was the criteria used to arrive at this so-called top 10 firms? Provide the source o, so we can all crosscheck & verify. Or is it another of the tales by moonlight that you and your people used to entertain yourselves, on this thread?

prodigy24:
Most motorcycles and electronic franchise are owned by igbo,
They include.
Quinqo,daylong, carter,skygo, polystar,sonic,etc

Most machine and motor parts,
Even super glue we use everyday.
Most beauty and pharmaceutical goods are made by Igbo
Most drinks live pure heaven, joven capel , etc are all Igbo's..
Most generator like Sumec , Furman etc

We should dig into these areas...

'Electronic franchise,' indeed! You were shouting about how well your people 'manufacture' everything, now you have changed your tune, and started talking about franchise. Na wa for una. Is that the new name you coined for importation and sales of generators and motorcycle parts? Because that is what Ezechuddy does, with Summec & Firman generators. He does not manufacture, or even assemble them. All he does, is to import and sell those gensets, to as many people as possible.

aribisala0:
The IRA or Irish republican Army for years terrorized the UK with their agenda to break away from the UK and join the Republic of Ireland. Why has there not been a referendum in Northern Ireland but there has been in Scotland where there was no violence. ? After many years of bombings the IRA were forced to push their agenda through elections and consistently have failed to secure a majority in the devolved government. Rather the Pro-Union Democratic Union Party DUP have won all elections and they reject calls for referendums.

The IRA are like IPOB full of sound and fury but no substance. If you want to leave you must push that agenda through a political party. IPOB should form a party ,contest for Senate and House of Representatives and when they win those seats refuse to sit and boycott the institutions. The IRA party Sinn Fein does not want to be merged with England in the UK .Its elected MPs to London refuse to swear an oath of allegiance to the Queen and so they never take their few Westminister seats even though they are a minority compared to the ProUnion Democratic Union Party DUP.

Today the Government at Westmnster is a coalition between the Conservatives and the DUP. Back home in Belfast in the local government the DUP dominate snd so there has bee no call for referendum Despite the fact that the IRA were for years very destructive and as a result Northern Ireland was essentially occupied by the British Army as a result. When push came to shove the IRA was not as popular as it believed.

In summary REFERENDUM WILL NEVER HAPPEN via street protests but through politics and elections. Elect IPOB Senators and Governors then we will take you seriously. Stop pretending to yourselves that other Nigerians don't want you to leave

Eziokwu! You talk am well. May the wisdom God put in your life, continue to increase!

Doublecheck:
The way you swine in foolery is amazing and too think other dumb Afonjas are cheering you on is even more astonishing one begins to wonder where the intelligent Afonjas are, laudate the dumbest Afonja ever liveth is ever ready to give you a like for another stupid post you make.

If your brain had by any chance exceed 2 weeks when it stopped developing on conception you would have know that Jacob cross has franchise in several European and African countries like U.K., South Africa, Nigeria etc, that why it was even written country of origin which implies it is manufactured in other countries too under franchise arrangements. Olodo Muslim afonja, no brain, just phone and 10MB

Did you really go to school or did you use corrupt means to acquire your certificate? Now listen, you custodian of many lies, kindly provide proof to show that Laudate is an Afonja. Include the name of his village, traditional ruler and local govt area while you are at it. Every correct answer gets 20 marks.

As for those tales by moonlight that you have been weaving concerning Jacob's Creek on this thread, we can all see through you. Just admit that your brother imports the wine and resells it here. All those stories about how he has a franchise to manufacture it locally, na wash!