Shaolin77:
No be only 70s, na 1000bc,

Ofemmmanu slowpoke

Oga, do a reverse image search. These pics are old fah

Now, lets go to audio billionaires states, Anambra ;


See brown roofs like ocean.
Observe the street names, please, this is no lie.

totit:


Keep running around the thread to make you feel better and important when in fact you are just typical sore losers. Imao!

I can bet my black Nyasb that these images are dated back to 70s. Werey!

Lmao

if you like bet your white ikebe,No be only 70s, na 1000bc,

Ofemmmanu slowpoke

Shaolin77:
if you like bet your white ikebe,No be only 70s, na 1000bc,

Ofemmmanu slowpoke

Enjoy our paradise in alaigbo

Observe the screen shot, here we are at Onitsha.

[quote author=totit post=112672825]Now, lets go to audio billionaires states, Anambra ;


See brown roofs like ocean.
Observe the street names, please, this is no lie. [/quotekikikiki
Bro you don really expose them

They are the real brown roof republic

akinremiayomide:
.

More

[url]



https://www.youtube.com/watch?v=2-4iEaBzGC0
[ /url]

Imo, anambra, etc.

Omo see ocean of slum in alaigbo���
Land of audio billionaires

totit:


Iboland, the brow roof headquarters.

Imao

Put the entire brownroof and slum in SE/SS its not up to half of Ibadan slum

See millions of dilapidated brownroof slum in one village

totit:


Thank God for the internet.
Observe the street name because, before we know now you'll tag the image Ibadan.

You already know ibadan is the grandmaster of brownroof

totit:


Oga, do a reverse image search. These pics are old fah

Be deceiving ur empty conehead ,Current ibadan may 2022

Chai is it animals or human beign that live here, sea of brownroof and rickety mud houses in this 21century

Shaolin77:
You already know ibadan is the grandmaster of brownroof

Grand Gini?
Oh, you just admitted there are brown roofs paradise in alaigbo after all?

Below, what's larger than the image considering your region tiny size? Aka, the " Dot " region.

Hahahahahahahaha

Shaolin77:
Go to YouTube and watch Afikpo by eboh media and you will be ashamed, a village in Ebony is more developed than your regional capital

Shut up. Show your slum enugu.

Who will waste data to watch slum.

totit:


Enjoy our paradise in alaigbo

Enjoy your hell alayoruba

totit:


The OP fell flat, got the beaten of his life on here and then went and open another thread.

Guys, well done, I enjoy every bit of it, beaten the OP and his cretins black and blue.

Below is here the OP ran to;
https://www.nairaland.com/7117848/ibadan-skyline-vs-aba-skyline/1#up

Cc ;

Forgiveness, Michael004, obaaderemi, walefresh3, et Al.

There is no need arguing with those who thinks Aba is better than Ibadan because they never traveled before to see for themselves.

I have lived in both cities and I know Aba is way below Ibadan in terms of development not to talk of Oshogbo.

totit:


Grand Gini?
Oh, you just admitted there are brown roofs paradise in alaigbo after all?

Below, what's larger than the image considering your region tiny size? Aka, the " Dot " region.

Hahahahahahahaha

Omo this slum below is bigger than the entire SE/SS put together o

Imagine millions of dilapidated slum, even jarkata dey learn work

Michael004:
Shut up. Show your slum enugu.

Who will waste data to watch slum.

You're stylishly telling me ur broke ass can't afford data to watch YouTube videos

Poverty stricken ewedu gbegiri eater

totit:


Grand Gini?
Oh, you just admitted there are brown roofs paradise alaigbo after all?

Below, what's larger than the image considering your region tiny size? Aka, the " Dot " region.

Hahahahahahahaha

Hehehhege, see their inner street hahahahaha.

Your Aeria view is so on point. I just helped you with the real view

See Shaolin77's brother chidera in front of their house in the third picture.

Na their tiny Anambra be this o. Shame on these people.

If you zoom that aeriel view. These are the wonder you will see. Ples viewer discretion is advised o.

Shaolin77:
You're stylishly telling me ur broke ass can't afford data to watch YouTube videos

Poverty stricken ewedu gbegiri eater

How is life here bro .

Your bro chidera dey greet you and telling you not to stop fake life so the yorubas can help you by employing you as labourer.

After zooming kikikiki

Shaolin77:
You're stylishly telling me ur broke ass can't afford data to watch YouTube videos

Poverty stricken ewedu gbegiri eater

Hahahahaha, person no go see good thing watch on youtube, na something wey go make me vomit I go go watch hahahahaha.

Wretched OSU human eater is funny o

totit:


More

[url]



https://www.youtube.com/watch?v=2-4iEaBzGC0
[ /url]

Imo, anambra, etc.

Hahahahaha, bursted kikikikikiki. This thread is so sweet.

Ngorbungor:


Visit this link, to clear your ignorance

www.sunnewsonline.com/geometric-power-finally-acquires-aba-ring-fence-after-9-years-dispute/%3famp

Or read along to 6-7 paragraph:

Home Business
Geometric Power finally acquires Aba Ring Fence after 9 years dispute
Pays $26 million acquisition fee
By David 3 months Ago

Geometric Power finally acquires Aba Ring Fence after 9 years dispute
From Uche Usim, Abuja

The management of Geometric Power has formally taken over the Aba ring-fenced area in Abia State from Integrated Electricity Limited, the core investor in Enugu Electricity Distribution Company (EEDC), ending a nine-year legal battle over the rightful owner of the project.

The company has also paid the mandatory $26 million acquisition fee to the federal government.

The trouble started when the Goodluck Jonathan administration privatised power assets and the Aba Ring Fence area was wrongly lumped into the EEDC and sold to Integrated Electricity as a single asset.

The development led to a series of legal bouts that eventually ended with the formal handover on Wednesday in Abuja, at the headquarters of the Bureau of Public Enterprises (BPE).

The $500 million Geometric/Aba power plant has the capacity to produce and distribute about 141 megawatts (MW) of electricity in its first phase, with new distribution lines, four new sub-stations and three rehabilitated sub-stations.

Each plant is to produce 47 MW of power, supported by a 60 MVA per transformer. The power plant is to be powered by gas and so the company has built a gas plant at Shell company flow station at Owaza in Ukwa West Local Government Area of Abia State and laid a pipeline spanning 27 kilometres to the power plant at Osisioma.

In his remarks at the handover ceremony, the Director-General of BPE, Mr Alex Okoh, described the development as soothing and commendable.

According to him, the National Council on Privatisation (NCP) worked hard to see that the tussle was resolved and that the right thing was done.

He added that the protracted transaction and the related issues have posed a serious challenge for successive administrations since 2005.

“The bureau initiated a series of engagements with various stakeholders, which led to one the signing of the agreement between Geometric Power and Integrated Electric Limited, the core investor.

“I am pleased to announce that we are handing over this asset to a tenacious, very, very tenacious investor who has made a firm commitment to transform the Aba Ring Fence area into a model electric supply franchise, providing quality, stable and appropriately priced electricity to consumers, thereby unlocking the significant economic benefits of this commercial and industrial hub of the regional and national economy,” Okoh explained.

In his remarks, the Chairman of Geometric Power and ex-Power Minister, Prof Barth Nnaji, expressed delight that the legal tussle has ended, adding that his company was ready to provide reliable electricity to Aba.

“The other government sold what was rightfully ours to the people who acquired EEDC. So, they simply bundled Aba as part of EEDC. It was done knowingly. That is why we went to court and we’re grateful this administration resolved the issues. We’ve paid the acquisition price of $26 million. “I used to be on the other side of the fence and what we said during that time was that anybody that’s acquiring a DisCo should have the financial capacity or technical capacity, and was that’s what he brought in.

“We actually have made the necessary investments required to not have any issues in terms of reliability of power supply. So, we have invested about eight times the amount of the acquisition already. We have built new substations. We built new power lines, over 140 kilometres of new lines, we built four brand new substations. We’ve built gas pipelines with seven kilometres to ensure that we have gas uninterrupted from Shell to us, etc. So, all these things we’ve done and the whole idea is to ensure that the network is what it is supposed to be,” he said.

Also speaking, Kester Enwereonu, Director at EEDC hailed Vice President, Prof Yemi Osinbajo, who heads the NCP for his efforts and interventions.

He also expressed delight that the Aba Ring Fence deal was able to attract foreign funding of $50 million.

“Geometric is getting from us what you’d be proud of that will help improve customer relationship,”

Obviously, it is scandalous to claim $500m for a 141MW project.


Home - THISDAYLIVE logo
GEOMETRIC: BEWARE OF THE IDES OF MARCH
editorMarch 30, 2022 12:00 Am
·
· Otoabasi Akpantah argues that Geometric Power costs are excessive

· Julius Caesar was killed by his hitherto praise singers and “supporters” including his bosom friend Marcus Junius Brutus. He was stabbed by 60 conspirators and killed at the base of the statue of Pompey the Great in the Roman Senate House in March 44 BC.

· On March 10, 2022, one of the national dailies published an article written by one Emeka Umegbala for, and on behalf of, himself and some members of a certain International Society for Civil Liberties and Rule of Law titled “Time to Collapse EEDC” – an acronym for Enugu Electricity Distribution Company (Enugu Disco).

· In the article, the writer disclosed that his group has kicked off sustained campaign for the purpose of collapsing the activities of EEDC for its takeover by Geometric Power, which by his account has spent over $500 million in building four new injection substations, over 140km of high voltage distribution lines, 141 megawatts power plant and 27km of gas pipeline. The article also disclosed that AfriExim bank granted further facility of $50 million to Geometric from which it used $26 million for the acquisition of EEDC’s Aba and Ariaria Business Districts while the balance $24 million will be used to improve the existing infrastructure and expansion of the Aba – Ariaria network.

· If the numbers reeled out here are correct, and I do not have any cause to doubt them since Prof Barth Nnaji (former Power Minister and Promoter of Geometric Power) himself and Geometric Power have in different fora and press statements given out the same numbers from which the writer must have derived his data.

· It is on the basis of the quoted figures that this red flag is being raised because indeed the numbers do not add up.

· Investing a whopping $550 million just to service two business districts that represent barely 10% of the entire EEDC network, valued at $230 million, does not make any business sense. Building 141 megawatt power plant to service two business districts with peak load of barely 40 megawatts is grossly over scoped, inefficient and a recipe for disaster. This is even more worrisome especially considering that the 1,020 megawatt Alaoji NIPP, located in the same precinct as the Geometric power plant, already has stranded 800 megawatts capacity that cannot be evacuated into the grid by TCN because of its poor infrastructure. In other words, 100 megawatts of Geometric power plant cannot be activated nor utilized despite the huge capital already expended.

· Using standard industry estimates, a 141-megawatt power plant, at $1 million/mw, should cost about $141 million; 27km of gas pipeline, at $1 million/km, should cost about $27 million; 140km of HV lines at $30,000/km should cost $4.2 million; while the four substations should cost no more than $4 million at the average cost of $1 million each bringing the total cost to $176.2 million.

Allowing additional costs to cater for consultancy and ancillary costs, a cost profile of $200 million for the entire project would have been quite adequate. Thus spending $500 million on a $200 million project does not indicate prudent assessment of costs and management of resources.


·

· The second and probably more pertinent issue is how will Geometric manage this highly geared financial exposure. Assuming that its promoters contributed 30% equity to the $500 million capital expenditure, and financed $350 million over a standard seven year period at about 10% interest per annum, the debt service will amount to $5.8 million per month or $69.7 million per year. These translate to about N2.4 billion per month or N28.9 billion per year assuming an exchange rate of N415 to a dollar. Interest alone amounts to $2.9 million or N1.2 billion per month. Expectedly, Geometric will need about N2.4 billion every month just to service its debt. There is no way Geometric will be able to net up to N1 billion a month after offsetting its Opex costs including the invoice of the gas supplier, payroll, operations and logistics. So how will Geometric service its facility and have return on its investment?


·

· Compare the above scenarios to EEDC in which the investors paid $126 million for the entire network including the Aba-Ariaria business districts from which it has gotten back $26 million from Geometric.

·

· From the foregoing, it is obvious that the authors of the said Nigeria Pilot article do not understand the intricacies of business costs and financing, otherwise they would not have recommended a highly geared entity with attendant risk of threat of business continuity to take over the business of a lesser geared and more prudent but perhaps less efficient entity; although Geometric’s operational efficiency is yet to be tested in the field.

· The situation indeed calls to question the prudence and management competency of the Geometric team. Spending $500 million for a $200 million project is, at the least, scandalous.

· Installing upfront a 141 megawatt power plant for a network that can only offtake less than a third of that capacity also questions Geometric’s understanding of the business they are going into; a 45 megawatt plant, scalable to 141 megawatts as load demand increases, would have been more prudent. It is akin to buying three aircraft of 120 passenger capacities to deploy on a route that has passenger volume of 100 passengers. You will have to either ground two of the aircraft indefinitely with attendant costs or use the three interchangeably, also with the attendant costs, when you could have deployed only one aircraft initially, and as passenger volume increases you deploy more aircraft.

· Ideally, the whole Geometric development could have been done with less than $100 million — $45 million for 45mw power plant, $27 million for the 27km gas pipeline and $8.2 million for the injection substations and 140km HV lines; and yet achieve the same cash flow results.

·
· An informed protagonist would have rather advised Geometric to court EEDC to off take the excess 100 megawatts, which is probably its only life line to remain at least on life support, as that will improve its cash flows while it seeks other ways of managing its humongous debt profile which may come crashing on it and inevitably consume it sooner than later.

· With the right collaboration and support from EEDC, both parties may strike a good symbiotic relationship that will benefit each other and ultimately the customers. There is a saying in Igbo land that it is the man who holds a mould of eba that goes seeking the man with a bowl of soup because the man with soup could eat his soup and relieve his hunger but the man with the eba will be stuck with his eba as he cannot swallow it without soup. However, if they both team up, they would each have a sumptuous meal.

· Setting up a party with egg shell skull for a head butt combat with a “Mutiu Adepoju” (then Super Eagles “Headmaster”) can only end in tragedy.

· History is replete with the Julius Caesar experience. It is the same cheer leaders that are singing the praises and eulogizing Geometric, that will put the knife to its heart when the cookies crumble.

· Geometric should beware of the Ides of March.

· Akpantah is a Chartered Accountant and management consultant

·
https://www.thisdaylive.com/index.php/2022/03/30/geometric-beware-of-the-ides-of-march/

Shaolin77:
Enjoy your hell alayoruba

In fact, the ariel view of your so called Ibadan is finer and more organized.

See poverty in alaigbo, see brownroofs.

First image , Imo followed by Enugu.
At least, the whole world can now see una hypocrisy ; there is boundless brownroofs and poverty in alaigbo after all and you are here helping me to spread the message. I hope google keep a record of this thread. Esheeee!

Lmao

totit:
Observe the screen shot, here we are at Onitsha.

chai hahahahaha.

totit:


In fact, the ariel view of your so called Ibadan is finer and more organized.

See poverty in alaigbo, see brownroofs.

First image , Imo followed by Enugu.
At least, the whole world can now see una hypocrisy ; there is boundless brownroofs and poverty in alaigbo after all and you are here helping me to spread the message. I hope google keep a record of this thread. Esheeee!

Lmao

We have time for them today hahahahaha

Michael004:
Hahahahaha, bursted kikikikikiki. This thread is so sweet.

I dey tell you. Google earth do well.
They go about claiming to devropuu SW and forming the gold roofs in their region whilst in fact they are the master brown roof.

Lmaooo

Below is IMO and Anambra.

Michael004:
We have time for them today hahahahaha

I just want the loser to keep quoting me, as it ginger me and help me spread the message across ; there is boundless brownroofs in alaigbo " after all.

totit:
Now, lets go to audio billionaires states, Anambra ;


See brown roofs like ocean.
Observe the street names, please, this is no lie.

They will now start posting GRA for us to feel cool

totit:


I dey tell you. Google earth do well.
They go about claiming to devropuu SW and forming the gold roofs in their region whilst in fact they are the master brown roof.

Lmaooo

Below is IMO and Anambra.

You a baddest niggi. Wish we can create new thread specially for their brown roofs and horrible cities. Hahahahaha

totit:


I just want the loser to keep quoting me, as it ginger me and help me spread the message across ; there is boundless brownroofs in alaigbo " after all.

More of this bro, we need to show the world abs expose them.

Because we don't do that before, they think our calm means they can continue their lying.

Ngorbungor:


Now i believe we have rested the case of $50 million and $500million ?

So the next question is: Can you show us any project of the same amount in Ibadan or even Oyo state?

It is a scandalous claim that has been debunked.

https://www.thisdaylive.com/index.php/2022/03/30/geometric-beware-of-the-ides-of-march/

Sahara spent $200 million for 700MW power plant but a 141MW worths $500m.


Not less than $200 million has been invested in the Egbin Thermal Power Plant in Lagos by Sahara Power Group to increase its generating capacity to its present level.

Managing Director of Sahara Power Group, Mr Kola Adesina, speaking at an event organised by the firm in Lagos, stated that when the Egbin power plant was acquired by Sahara Power, it was generating 400MW of electricity. But with the huge investment made by his company, the plant now generates 1,100 MW, indicating that capacity has been more than doubled.

Shaolin77:
Go to YouTube and watch Afikpo by eboh media and you will be ashamed, a village in Ebony is more developed than your regional capital

Your understanding of development is one or two buildings scattered in a bush without roads and basic infrastructures.

Even Abakaliki never develop reach Oshogbo na, Ibadan e wan compete with?