₦airaland Forum

Accolades and commendations pour in for the debonair Wale Tinubu, the illustrious Group Chief Executive of Oando PLC as he completes the staggering $783 Million acquisition of Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni, marking the biggest oil and gas deal in Nigeria’s history. This monumental deal, valued at a whopping $783 million, is not just a financial triumph; it’s a game-changer for Nigeria’s energy landscape.

The total consideration for this mega deal includes reimbursements and asset considerations, as confirmed by Oando in an official press release. This acquisition is a significant milestone in Oando’s long-term growth strategy, propelling the company to new heights in the competitive energy sector.

Wale Tinubu, often hailed as the ‘Oando King’, expressed his elation over the deal, stating, “Today’s announcement is the culmination of ten years of toil, resilience, and an unwavering belief in our ambition since entering the Joint Venture via the acquisition of ConocoPhillips’ Nigerian Portfolio in 2014.” His words resonate with the spirit of determination that has defined his career.

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“This is not just a win for Oando; it’s a victory for every indigenous energy player,” he continued. “We are taking our destiny into our own hands and playing a pivotal role in this next phase of the nation’s upstream evolution.”

Tinubu’s achievements over the past year have been nothing short of extraordinary, and within Africa’s business landscape, he stands out as a titan, proving time and again that he is far from ordinary.

With an illustrious track record and a penchant for groundbreaking initiatives, Wale Tinubu is not merely riding the waves of success; he’s creating them. His strategic maneuvers and audacious deals have set him apart from other business magnates, making him a force to be reckoned with.

Across all the business corridors, magnates and key industry players raise a toast to Wale Tinubu “the Oando King” whose record-breaking acquisition has not only reshaped the landscape of Nigeria’s oil sector but also redefined what it means to be a true industry titan.

SOURCE: INDEPENDENT NEWSPAPER
Bolatito Adebola

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Na this kind news dey offend Atiku.

Concerning Dangote matter, he was warning the federal government not to impede the success of the refinery.

When e reach Oando matter, he was demanding why the acquisition was hitch free and prompt, despite that it was a deal that started years ago.

And this is the Cameroonian that Nigerians allowed to be their Vice-President.

The same one who says Bode George is a tribalist for pointing out that his Fulani Muslim regime after another Fulani Muslim had ruled for 8years, would have created problems in an ethnically diverse Nigeria that would have hindered his success.

Yet, Atiku by his own actions proved that he is indeed the one who is a tribalist. Fighting for his fellow Fulani Dangote, while challenging the success of Wale Tinubu and Oando.

His denial of his tweets over the murder of Deborah the Sokoto Christian girl, by her Muslim schoolmates, reminds us of the dubious character of Nigeria's greatest political prostitute and national orphan from Cameroon.

Siddiq of 1965 WAEC.

Well done.

OandO can appreciate on stock market

"The voice is that of Jacob but the hands are that of Esau".If you know,you know,I rest my case for now.waiting for the dirty revelations that will follow in the years to come.For now,let the national Owambe go on.

AustineE1:
"The voice is that of Jacob but the hands are that of Esau".If you know,you know,I rest my case for now.waiting for the dirty revelations that will follow in the years to come.For now,let the national Owambe go on.

You don't know anything. We were all here when Oando took a loan of $800,000,000 last year towards this acquisition.

You see why we always push for one of our own to get into position? There's a huge gain to gain from just having our own in the system.

He's related to the president, he just coughed out almost $800m to acquire oil assets. He can ship out the oil, blend it and bring it back and get subsidy.


You know why Dangote refinery would struggle to get feedstock or one idiot coming out to rubbish the refinery.

opamoses1:
You don't know anything. We were all here when Oando took a loan of $800,000,000 last year towards this acquisition.

Loan bawo?
Oga, go and sleep!

He didn't take loan throughout Buhari's tenure but waited until his brother became president.

That is how they dribble you with propaganda to cover their tracks
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Shikini:
Loan bawo?
Oga, go and sleep!

He didn't take loan throughout Buhari's tenure but waited until his brother became president.

That is how they dribble you with propaganda to cover their tracks
.

Most of Nigeria's billionaires are 'fronts' for our thieving politicians.

This same Tinubu's brother with only 98 filling stations in OandO has now been handed ownership of NNPC downstream with over 550 filling stations nationwide.

The propagandists will tell you he collected loan.

Secrecy, secrecy and more secrecy. Fingers in all pies.

Throwback:
Siddiq of 1965 WAEC.

Noted. The picture of his WAEC graduating class is also in public domain.

Now, Tinubu of which year of graduation? Picture? School?

It's a shame you unwittingly set up your paymaster for drags 🥲

Only the Tinubu's are celebrating in this economy, continue with all the shady deals with NNPC and FG backing

BlackyOne:
Only the Tinubu's are celebrating in this economy, continue with all the shady deals with NNPC and FG backing

I dey tell you
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Meanwhile, Mr beast turned down 2 billion dollars to sell his website last year.

He said he would have considered it if it was like 20 billion dollars.


Mehn.... Levels to businesses O.


Some are cumbersome. Some are fun.
Yet both are money makers.