₦airaland Forum

Kewekubosineh:
Don't trust the investigating panel. The would collect bribe and Keep quiet.

If they could strive to collect N4MILLION each from vice chancellors of Nigerian universities to have their Budget sail through, nothing else they cannot do.

It's the most corrupt chamber since inception of our democratic experiment.

SadiqBabaSani:
It is my decision if that chap aspire to be Governor of Lagos State, I will surely support him

ThothHermes:
What Malali is saying is that no bank would have offered loans worth millions of dollars for explorations whose viability was unknown. He also said that Chevron would not have forked out huge sums for exploring those fields if preliminary studies did not show they were viable.
Truth is we may never know for sure. History is always written by conquerors.

PS: It' just a picture I downloaded from the Internet. I think it's AI-generated.

kiyosaki1:
Go to court on behalf of government since you know better

Konquest:
Indeed, I agree that all of them who partly co-own prolific oil fields can do more. In particular, I would have expected Famfa Oil by now to go fully into the downstream oil and gas sector and setup large, modern export-based agribusinesses using greenhouses, aquaponics, hydroponics, etc, with improved varieties of seedlings and livestock like what we have today in the Netherlands and employ more people while feeding Nigeria starting from the South West of Nigeria (Oyo, Ogun, Osun, Ondo, Ekiti, Lagos), right into Kwara and Kogi, Edo, Delta States for example. Mrs Folorunso Alakija is NOT even listed on the Forbes list of legitimate USD billionaires for a few years now. She's just been focused on her religious ministry and Rose of Sharon Foundation philanthropic activities

The focus of Famfa Oil has been majorly on the upstream alone but I must comment the legal practitioner Modupe Alakija and his spouse Mrs. Folorunso Alakija for what they have done so far. Perhaps her 4 male children can do that when they fully take over and diversify Famfa Oil's investments into the downstream and renewable energy sectors. Some other USD millionaires and billionaires can be tightfisted and desensitized to the welfare of their immediate environment and that's counterproductive as everyone of us is a product and integral part of our various ecosystems!

Empathy for others is very important. Chief Jeremiah Obafemi Awolowo GCFR SAN had this empathy for people and till today, their is a core of people from the Old Western Region (which included the current Edo and Delta States) that adore him and his Action Group Party team for the free education and iconic development strides that existed back in the 1950s when Awolowo was the FIRST EVER Premier of the Old Western Region.

Konquest:
A simple Google search would have revealed nearly all the things Mrs. Folorunso Alakija and her lawyer husband Modupe Alakija of Famfa Oil and Rose of Sharon Foundation Group have done in the years past for the benefit of the Nigerian society right till this moment. Read some huge projects right in the links BELOW:

1] Premium Times Nigeria
Alakija's Famfa Oil donates N1 billion to fight coronavirus
=>https://www.premiumtimesng.com/news/more-news/384886-alakijas-famfa-oil-donates-n1-billion-to-fight-coronavirus.html

2] =>https://www.folorunsoalakija.com/philanthropist/

3] The Rose of Sharon Foundation (RoSF) is a private, voluntary, non-profit, faith based, non-governmental Organisation focused on easing the burdens of the public. Apostle Folorunso Alakija is a dynamic Nigerian businesswoman and philanthropist who has established herself as one of Africa's foremost personalities.
=>https://theroseofsharonfoundation.org

4] Donation of 250-bed Teaching Hospital to Osun varsity borne out my love for mothers
=>https://www.vanguardngr.com/2018/12/donation-of-250-bed-teaching-hospital-to-osun-varsity-borne-out-of-my-love-for-mothers-children-folorunsho-alakija/


Instagram · ato_architects 50+ likes ·
5] Renowned philanthropists, Mr. Modupe and Mrs. Folorunso Alakija @alakijaofficial, commissioned the Boys' Hostel at CMS School, Bariga, Lagos, as a generous donation to Mr. Modupe Alakija's alma mater.


6] Alakija Donates Skills Acquisition Centre To Yabatech
=>https://yabatech.edu.ng
29 Oct 2018 — Folorunsho Alakija gave this call at the commissioning of the "Folorunso Alakija Skills Acquisition Centre" which she donated to Yaba College of Technology.

Hope that helps.

Free2Fly:
Any link to this? Or you wrote it yourself?

Bobodee09:
They didn't give him any traditional title in NIger state and most hausa/fulani don't recognize him as one them.
They all know were came from?? It is an open secret.
His father family house is in ogbomoso till date.

Bobodee09:
His father was a yourba man from ogbomoso....it was after he died the mother took him to niger as a teen.

Gotocourt:
So IBB is from wushishi?

abbyyzino:
Stop spreading lies all over the internet just to sound woke, saying there are no rooms less than $1000 in the US is pure misinformation.

And you might need to grow up Mr “I own 120 units apartment building in Georgia” and stop writing with red inks all over Nairaland like a child.

abbyyzino:
First, you started the insult with the word “slumlord” now you are acting the victim. You made a bold statement saying there’s no room less than $1000 anywhere in the US, I went ahead and showed you evidence then you resulted in acting victim.
I lived in that apartment 5 years ago as a grad student on fully funded scholarship in one of the southern cities just so you know.

And for your claim of owning 120 units apartment building in Georgia 😂😂😂, we know your type hahahaha, online millionaire 😂😂😂

abbyyzino:
You be mumu, I’m sure you never lived in the so called America before, just making baseless assumptions.
Does this apartment with all the amenities looks like a slumlord arrangement to you?

Konquest:
@Malali,

First off, I will commend you here because you come across as someone who cares about the "collective welfare or good of all" which is NOBLE, BUT your biggest weakness is the tendency to be a bit impulsive, NOT reading posts properly before reacting and disagreeing quickly with those who have slightly divergent perspectives with you, while angrily throwing insults at them. I read one of your latest threads for the first time and I noticed the same trend of you being brusque and dismissive if some others don't align with your opinion. This is clearly a path that can brutally undermine you or anybody down the road.

I will strongly advice you to READ my post again, one step at a time and you will CLEARLY see who the creeps that I referred to as "complete" IDIOTS are and learn to DESIST from misquoting me, I felt offended by that! You were impulsive in jumping to conclusions right from your first post that I quoted. I CANNOT refer to you directly as an "idiot" as that would be totally unwarranted for a simple convo we were having here. In fact, you were the first to get "personal by using insults" right from your first post to me while incorrectly claiming that I "lied" and this is what prompted me to reveal my true identity to you as someone who worked with a major multinational oil and gas company and of me haven spent over 5 decades. I didn't say I was 50 but "over 5 decades" on earth. I originally got to notice your moniker for the first time in 2023 and I occasionally read some of your posts from time to time, and have NEVER insulted you in my 20 years of being a registered member and user of this Website since 2005. If it was necessary to call you out as an "idiot" I would not hesitate to do so directly right off the bat, BUT you haven't done anything to justify that yet. Even the media referred to Donald Trump as a "Village Idiot." so, it's the norm.

NOW, If you read my post again, you will see that I NEVER called you "an idiot," but those irresponsible "youngsters and bigots" who relentlessly LIED and DEFAMED Mrs Folorunso Alakija here on this same NL Website in the recent past FALSELY claiming that she had SEX (OR SLEPT) with Ibrahim Babangida and Sani Abacha in order to gain access to the oil block in 1993. These are total falsehoods and I personally called those evil posters and trolls out here on this Website while threatening to ensure that Famfa Oil takes legal action against them in the court of law for online criminal defamation. Mrs. Alakija was a banker with the IMB Investment bank on Victoria Island, Lagos, so, she had professional experience before retiring in the early 1980s to take care of her then little children and started her iconic international fashion brand named "Supreme Stitches." Her husband, Modupe Alakija who is also a senior lawyer is the Chairman of Famfa Oil. Some of Mrs. Alakija's siblings from the wealthy Ogbara family of Ikorodu were also involved in bringing professional expertise into the Famfa Oil operations in the early days when the OPL 126 was first acquired.

The Supreme Court CLEARLY exonerated Famfa Oil from ANY infractions in 2012 and told the NNPC to restored the full 60% stake in OML 127 (Agbami oil field) to Famfa Oil. The Nigerian government even appealed that Supreme Court ruling but LOST again. Is that too difficult for you to understand? NO government can nationalize the oil blocks without attracting litigation to itself. Further more, taxes are paid to the government by these Nigerian oil companies, so, it's a win-win situation.

In 1993, each oil block awardee had to pay a signature bonus of at least US$1.5million for the prospecting licenses. The IOCs operating at that time didn't even want to have ANYTHING to do with OPL 216 because it was located in the uncharted deep offshore and had NO known proven reserves! It was this same oil block OPL 216 that was given to Famfa Oil in 1993 and because of the enterprising abilities of the company promoters and international partners, proven oil reserves were struck in 1998 after millions of USD had been sunk into the project! If Famfa Oil had not been dogged and poured in millions of USD (got as financing from the banks) into that OPL 126 which then became OML 127 (Agbami oil field) and succeeded, NOBODY will be talking about Agbami Oilfield (with an average daily production of 200,000 barrels of crude oil per day) as of today because the IOCs were avoiding that part of the deep offshore at that time. This is ALSO CLEARLY what the Nigerian Supreme Court affirmed in the landmark judgement in favor of Famfa Oil in 2012 however we choose to slice or dice the situation. The Supreme Court also stated that the Federal Government of Nigeria through the NNPCL had NO right to forcibly take a 50% stake (out of Famfa Oil's 60% total stake) when it did NOT contribute any dime towards developing that OPL 216 oil block acreage in the Gulf of Guinea that even the major IOCs avoided because of the huge water depths of about 1,300 meters or 1.3 kilometers hence the name "deep offshore" which is located far out into the ocean. This is why OML 126 is aptly named "AGBAMI oil field" by Famfa Oil AGBAMI is a Yoruba word for a deep sea. As part of Famfa Oil and Mrs. Folorunso Alakija's corporate social responsibility, they have been overtly and quietly spending billions of Naira annually on several developmental projects including during the horrendous COVID-19 lockdowns and more. So, that is highly commendable.

Do NOT make Mrs Alakija a "poster girl" for your anger or transfered aggression however legitimately angry you might be "against past or present government" policies over there in Nigeria. Other people such as Chief MKO Abiola of Summit Oil, Otunba Mike Adenuga, High Chief Lulu-Briggs, Arthur Eze, Kase Lawal, Alhaji Indimi etc, also benefited from the indigenization policy program in the oil industry from 1991 to 1993, and beyond BUT nobody vilifies or defames them like they do to Mrs Alakija without knowing the full story of the indigenization program. I say this is one who has had professional experience in that sector. Period.

The Journalist, Kayode Ogundamisi was the one who tweeted these same alleged allegations you posted here and on your thread against Famfa Oil back in 2018 and he was summarily and officially educated about how the once REJECTED OML216 block (that even the IOCs didn't want to touch back in the early 1990s because it had no proven reserve and the technology for deep offshore exploration wasn't advanced as of the 1990s), was taken over by Famfa Oil and it took them a painful 5 whole years from 1993 to even strike any proven reserve in 1998. It was NOT until 2008 that crude oil extraction even started from Agbami Oilfield.

I hope you have a better historical perspective now based off of the Supreme Court ruling. She also wasn't fronting for IBB (or anybody) as all the financing for the long-term development of the "cast away" OPL 126 which later miraculously became the "prolific" OML 127 (Agbami Oilfield) came from foreign financial institutions.

abbyyzino:
See the way you are lying with impunity. I paid $550 as rent in a shared apartment and all my utilities bill wasn’t even upto $100 as a student.

NB: This is not school housing

azadus18:
Homeless but not hungry