₦airaland Forum

Streetinvestor2:
The appreciation of any stock in question is not my business. I can confidently say each day my portfolio is looking like blood money.When the bear comes we will still be here based on all that have gone up.

My concern is that a member took the pain to do some verification which I was even ready to sponsor in the past and some ogas here.
He or she came here to share the findings and you started calling the person names.It is so unacceptable to my type.
Does it mean if I had gotten the address when I wanted to go myself and came back to share pictures or videos. I would have been branded liies. Is this the kind of individuals we have here.
So in future if a member shares findings on a company we begin to call the person names.
Many ogas have shared worst things on oando.
They should prove the guy wrong or openly apologies to him.
If not the matter for that company and building go still long.
You know I be street and fighting is hubby on the streets

Chudi Morka is no more happy with you.
Hide your identity ooooo
Make the man no come arrest you ooo

I added Ellahlakes to my watchlist about 60 days ago during the back and forth on it, it's gone on to make about 300% increase in share price.

As a newbie still learning about investment from the experts here I didn't buy it but seeing the massive appreciation🤔🤔🤔

Sunrisepebble:
Don’t sell your Wapco o lol

You are talking only about Wapco, I am not selling 75% of the stocks in my portfolio because they are fundamental sound stocks. I want to see how this BULL plays out. The land is green, is green oh oh, the land is green (Na NGX make me remember this beautiful song. Can't even remember the name of the artist)

jonnysessy:
You are talking only about Wapco, I am not selling 75% of the stocks in my portfolio because they are fundamental sound stocks. I want to see how this BULL plays out. The land is green, is green oh oh, the land is green (Na NGX make me remember this beautiful song. Can't even remember the name of the artist)

T.Y Bello

Locotrader:
Chudi Morka is no more happy with you.
Hide your identity ooooo
Make the man no come arrest you ooo

Lol.Which state the guy even come from abi tribe
If he wan catch me make he come imo state. Or occasionally I go to edo state but not benin.
I go to benin bypass .That is sapele Road.You have many chinko companies in one village thr into many building and construction materials. On the right you have the one into rods and metal things. Then you go inside on the left to the village you see times ceramics, aluminium profile, glass, wood ,door carton,water tanks etc.
He should come and snap pictures thr too and join in ellahlakes profiles

EDUECO:
The marketers and promoters of very low quality stocks are always in the habit of casting aspersions and name calling.

They have lost their conscience because of the allure of filthy lucre!

Newbies like myself should always invest in companies with the best intrinsic value.

I am weary of the crazy stock price movement we are currently experiencing.
They want to turn me into a trader but I am sticking to my investor mode.
I fear a market crash even though most company fundamentals look good.

Once stocks reach my intended valuation/ forecast I get out, just my habit. I exited all MTN today between N395-N410.

jonnysessy:
You are talking only about Wapco, I am not selling 75% of the stocks in my portfolio because they are fundamental sound stocks. I want to see how this BULL plays out. The land is green, is green oh oh, the land is green (Na NGX make me remember this beautiful song. Can't even remember the name of the artist)

Sunrisepebble:
Once stocks reach my intended valuation/ forecast I get out, just my habit. I exited all MTN today between N395-N410.

That's called PRINCIPLE 💯

Original newbies not imaginary sympathizers need develop what works for them without being unnecessarily emotional in this game

Sunrisepebble:
Once stocks reach my intended valuation/ forecast I get out, just my habit. I exited all MTN today between N395-N410.

Bring the loot to wapco abeg, that thing need to touch 150 before the chinko guys come to the table.

orriyomi33:
I added Ellahlakes to my watchlist about 60 days ago during the back and forth on it, it's gone on to make about 300% increase in share price.

As a newbie still learning about investment from the experts here I didn't buy it but seeing the massive appreciation🤔🤔🤔

The learning process is worth it bro

Naso I follow no believed in oando because I believed the fundamental was bad..for my korokoro eyes the thing enter 90 from 7 despite all the warnings and bad mouthing here, to my greatest surprised the thing never return to the same price she pick up from which was the prediction of the people protecting us the newbies then.

Mcy even mail me to pick some but I no gree..

The biggest gainer in my portfolio is presco with 591% but still behind what oando did in few months from 7.

Learn to separate noise from information here.. you are here to make money not to form staff for one company, nobody send you

I said no sell your Ellah on any pullback until it gets to N20.

Next week,you will see Bank stocks galloping like a horse.

Those in my Ci leasing bus,next week Friday you will settle at 14.12 and that will be around 200%

N30 will not be far fetched.The land is 💚
The sea is 🔵

Ikeja Hotels Plc – Regulatory Clarity at Last: SEC Directives Offer Shareholder Repositioning & Future Growth Outlook

By Gilbert Ayoola

After nearly a decade of protracted internal conflict, forensic scrutiny, and shareholder uncertainty, Ikeja Hotels Plc (IHPLC) has now reached a critical inflection point. The Securities and Exchange Commission (SEC) has formally concluded its forensic audit process into the company’s affairs and issued comprehensive directives aimed at restoring corporate governance, financial transparency, and long-term shareholder value.

This development marks the resolution of long-standing disputes between the Goodie Ibru and Alex Ibru factions key stakeholders whose internal discord had weighed down IHPLC’s performance and public confidence.

Following shareholder conflicts that made headlines in prior years, the SEC, in 2017, brokered a Settlement Agreement and commissioned Akintola Williams Deloitte to conduct a forensic audit. Their findings, supported by a secondary review by Grant Thornton, led to a series of corrective actions that were formally communicated to IHPLC on June 27, 2025.

Key Regulatory Findings & Directives

1. Asset Recovery & Financial Restatements

Goodie Ibru/AVIL is required to return the full monetary value (plus dividends and bonuses) of shares purchased using proceeds from the unauthorized sale of 1 million Union Bank Plc shares belonging to IHPLC.

A prior misstatement of IHPLC's debt to AVIL (N1.2 billion) must be restated down to N167 million, while the N1.6 billion liability to Minabo Limited remains valid.

2. Shareholder Loan & Equity Clarifications

The 260 million TCN shares transferred to AVIL/Minabo as loan repayments (N985.9 million) are upheld as legitimate, bringing clarity to previously disputed ownership.

The N12 billion shareholder loan is to be discounted by 40% and repaid accordingly—an important balance sheet restructuring move.

3. Real Estate Occupancy & Rental Obligations

Both Ibru factions and StanbicIBTC Bank must pay long-overdue rent arrears (discounted 40%) for occupancy in Federal Palace Hotel and related assets.

These payments are expected to significantly improve the cash flow position of IHPLC and its affiliates.

4. Governance Reforms

IHPLC’s board is to be restructured:

One-third of members must be Independent Non-Executive Directors (INEDs).

The Board Chair must also be an INED.

Only one family representative per Ibru group (Goodie and Alex) will be allowed on the board.

Shareholders owning 10% or more must sign a SEC-approved Shareholders Agreement (SHA) to improve transparency and decision-making.

5. Directives Specific to TCN (Tourist Company of Nigeria)

The Alex Ibru Group must buy out IHPLC’s N36 billion loan and 12% equity stake in TCN within 6 months—both at a 40% discount and under SEC oversight.

TCN may convert to a private company post-transaction, subject to minority shareholder approval.

SEC-appointed directors will remain until full compliance, ensuring no premature removal or board tampering.

Strategic Implications for Shareholders

● Investor Confidence Reinstated

This landmark intervention removes key legal and governance uncertainties, reinstating investor trust in IHPLC's trajectory.

● Balance Sheet Optimisation

The loan discount and restatement significantly lighten the company’s liabilities, opening room for operational reinvestment and potential dividend resumption.

● Governance Stability

Independent oversight and limitation on family representation on the board mark a transition from family-centric leadership to institutional-grade governance—attractive to institutional and foreign investors.

Risks and Executional Challenges

Timely compliance with asset recovery and loan repayment is crucial.

Potential legal resistance or delays from involved parties could extend uncertainty.

Market perception of TCN’s private conversion plan remains to be seen, especially among minority investors.

Reposition Outlook:

In light of these SEC directives, IHPLC now stands on firmer regulatory footing, with improved governance and cleaner financials. The resolution of legacy disputes unlocks potential for:

Capital restructuring

Improved operational performance

Rebranding or strategic partnerships

Medium-to-long-term appreciation in shareholder value

Investors especially institutional and long-term holders should view IHPLC as a turnaround candidate, while closely monitoring its implementation timeline and post-regulatory compliance strategies.

Conclusion: With the SEC drawing a regulatory line under years of dysfunction, IHPLC is no longer a cautionary tale but a corporate recovery story in motion. For discerning investors, this presents an opportunity to re-engage strategically, ahead of what could be a promising repositioning within Nigeria’s hospitality and real estate investment landscape.

crownprince2017:
Naso I follow no believed in oando because I believed the fundamental was bad..for my korokoro eyes the thing enter 90 from 7 despite all the warnings and bad mouthing here, to my greatest surprised the thing never return to the same price she pick up from which was the prediction of the people protecting us the newbies then.

Mcy even mail me to pick some but I no gree..

The biggest gainer in my portfolio is presco with 591% but still behind what oando did in few months from 7.

Learn to separate noise from information here.. you are here to make money not to form staff for one company, nobody send you

You are honestly LEARNING well. Very soon your money will be called AUDIO BILLION

I loaded at 100 today.

crownprince2017:
Bring the loot to wapco abeg, that thing need to touch 150 before the chinko guys come to the table.

ARADEL. -0.09%
CONOIL. ±
ETERNA. +1.22%
OandO. -4.61%

This man

Agbalowomeri:
Omolanke

KarlTom:
ARADEL. -0.09%
CONOIL. ±
ETERNA. +1.22%
OandO. -4.61%

Oando

It's expected to correct after the JUNE 30 qualification... NGX is a game

megawealth01:
Oando

be like fuel for Oando don finish

megawealth01:
Oando

Opportunity to load up ?

Sunrisepebble:
Once stocks reach my intended valuation/ forecast I get out, just my habit. I exited all MTN today between N395-N410.

I envy your discipline

faoogoke:
I am weary of the crazy stock price movement we are currently experiencing.
They want to turn me into a trader but I am sticking to my investor mode.
I fear a market crash even though most company fundamentals look good.

The choice is always yours to make.

The investor mode is always the best because of the margin of safety.

I have always loved market crash because that's is the real bonanza time

My NGXGROUP has delivered 99.4% today. Started buying around 2 months ago. Now waiting for a pullback to load more. And that was my first investment in the NSE.

Been investing in North American stocks before then, which although has been successful, but none has returned 100% in 2 months for me before now. Seems like I will invest more in NSE, pull out my funds as soon as I do 50% or more, and use the loot to buy more North American stocks.

EDUECO:
The marketers and promoters of very low quality stocks are always in the habit of casting aspersions and name calling.

They have lost their conscience because of the allure of filthy lucre!

Newbies like myself should always invest in companies with the best intrinsic value.

Newbies, Oldies, "Gamblers", Purists, Jijoists, Conservatives, Perfectionists, all should invest in ANY LISTED ENTITY that tickles one's fancy.
No money made WITHIN MARKET RULE is "filthy lucre"
(ill gotten).
To say otherwise is
de-marketing our Market.

Streetinvestor2:
Lol.Which state the guy even come from abi tribe
If he wan catch me make he come imo state. Or occasionally I go to edo state but not benin.
I go to benin bypass .That is sapele Road.You have many chinko companies in one village thr into many building and construction materials. On the right you have the one into rods and metal things. Then you go inside on the left to the village you see times ceramics, aluminium profile, glass, wood ,door carton,water tanks etc.
He should come and snap pictures thr too and join in ellahlakes profiles

Bros you dey waka o.
Na inner inner things you dey mention so.

You are smart. It's a good reality shielding yourself from predators that are always in the watch to attack people in real life because of what they reveal online about their WEALTH STREAM

djo120920:
My NGXGROUP has delivered 99.4% today. Started buying around 2 months ago. Now waiting for a pullback to load more. And that was my first investment in the NSE.

Been investing in North American stocks before then, which although has been successful, but none has returned 100% in 2 months for me before now. Seems like I will invest more in NSE, pull out my funds as soon as I do 50% or more, and use the loot to buy more North American stocks.

djo120920:
My NGXGROUP has delivered 99.4% today. Started buying around 2 months ago. Now waiting for a pullback to load more. And that was my first investment in the NSE.

Been investing in North American stocks before then, which although has been successful, but none has returned 100% in 2 months for me before now. Seems like I will invest more in NSE, pull out my funds as soon as I do 50% or more, and use the loot to buy more North American stocks.

You think I cannot see it

All these 'Guguru' Investors wannabes think they can gaslight me? They're always in the habit of casting aspersions on me.

If you bought Oando at 7 Naira and it got to 60 Naira and you never sold. And Oando just like APC is never consistent and never to be trusted with respect to the management and earnings;and Oando's earnings and dividends would definitely not be consistent. How will you now get cash flow since dividends is not guaranteed?

Thanks, boss. Not selling at all.

Sunrisepebble:
Don’t sell your Wapco o lol

My GUINESS is AUDIO too

Weeks ago when I started buying NB at sub 30 and encouraged many here to buy it looked suicidal but today they say it's HISTORY... What brought about my convictions on the success of NB is the sudden price rise of GUINESS because of the FOREIGN major acquisition. I knew if GUINESS can go so high then NB will follow suit... It was just a matter of time and it DID and still doing wonderfully

CADBURY, UNILEVER won't be doing 60 and leave PZ behind...

Don't joke with PZ at sub 35...

I have mentioned PZ severally... Buy this thing up before you go start running after the bus when time reach just like some are doing on CI LEASING

DYOR

Streetinvestor2:
When we buy a unit of company we buy into the business and become part owner of the business
When you buy a unit of dead businesses. What are you really buying into.
You just like to be family member of the dead I guess..lol.

The family members of the dead are presently among us.They live in benin and promoting the dead.
Lwkd
The price of non exitant stocks do equally go up.we have seen it in the past on ngx.Share price does not mean a business can not be dead...go and verify in the past
I am obidient

Bros, please leave Obidients out of this as you don't even know if the guy himself is also an Obidient!
Note: I have Ellah because for me it's a risk worth taking as I said earlier....head office or no head office.
NFA/DYOR

orriyomi33:
I added Ellahlakes to my watchlist about 60 days ago during the back and forth on it, it's gone on to make about 300% increase in share price.

As a newbie still learning about investment from the experts here I didn't buy it but seeing the massive appreciation🤔🤔🤔

which app is that please