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Nairaland Forum / Nairaland / General / Properties / Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) (64400 Views)
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by afonjadie: 1:14am On Jun 02, 2017 |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by afonjadie: 1:18am On Jun 02, 2017 |
uwajeh:shut up silly Afonja, if it was an afonja edifice now Afonjas would be masturbating all over the thread and shouting Ncan. Bloody hypocrites Igbo's are indeed developers of Lagos, Abuja, PH and beyond. Cry Afonja. |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by afonjadie: 1:19am On Jun 02, 2017 |
yellowbeauty:Ada Igbo, daalu rinne. |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by afonjadie: 1:26am On Jun 02, 2017 |
Josmila:Yes because We still have one Nigeria and because Lagos is the commercial nerve center of the federation housing all the federal infrastructures needed to sustain such multinational company, that said the SE still has more indigenous industry and development than any part of the federation your thought process lacks logic... Olodo afonja. Another failed Afonja product of free education. |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by afonjadie: 1:44am On Jun 02, 2017 |
20CRATES:Olodo Afonja and to think you had likes for your stupid assertions it shows how stupid Afonjas are, but no surprises there, you all are products of a failed free educational system. If you lots had any wisdom you would know that capital project of such magnitude are managed by financial institutions for FX and cash flow not as ownership status, Olodo Afonjas. He did not borrow funds for the projects rather the project was funded by his bank GTbank cause he was credit worthy there is a difference, any bank could have funded it but he chose GT bank they should be grateful they will earn million in Fx Olodo afonja. Dangote is building one of the biggest refinery estates not just in Africa but in the world and he is building it in Lagos, and this projects are solely funded by Igbo banks Zenith and Diamond bank going by your logic Igbo's own this refinery, wow personally I think that is great and I like the sound of it, Olodo afonja with no sense, even your almighty Eko Atlantic that have been bought over by Igbo's is also funded by Diamond bank so it is also safe to say Igbo's own this Island and the luxury flats as well. Afonja we know you all keep dreaming of owning Igbo mansions and driving our G-force, Biafra or no Biafra that is not going to happen so get busy stop being lazy or you go wait tire, nothing for una. Afonjas are dumb lazy cowards. Abule slum dwellers and Waterfront developers see the only thing you guys developed in Lagos. Learn from the Igbo's and Hausa Fulani. 1 Like
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by afonjadie: 1:56am On Jun 02, 2017 |
fxskye:says an Afonja who have not left his oshogbo enclave to even visit Lagos, but will be quick to shout I am a lagosian on Nairaland. Well sorry to disappoint you SE is more developed than SW excluding the Former FCT Lagos which Igbo's gave its image as we are celebrating on this thread. Olodo afonja. |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by Nobody: 2:39am On Jun 02, 2017 |
the more reason Nigeria cant stay together, what a tribal cyber war from bots...lolz ahaha |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by saajus: 3:38am On Jun 02, 2017 |
Very obvious. How can such building cost just 2 billion naira? That building can't cost less than 20 billion naira konkonbilo: |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by eallstar: 3:46am On Jun 02, 2017 |
afonjadie:why only afonja everytime, u dare not mention our brother in the north. am 100% sure u are afraid of them. 5 Likes |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by Billygee2u: 4:08am On Jun 02, 2017 |
afonjadie: |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by FKO81(m): 4:23am On Jun 02, 2017 |
afonjadie:Don't mind the boy there is no link to support his GTB loan claims, that was how they used the same bank to blackmail Innoson |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by OAUTemitayo: 4:25am On Jun 02, 2017 |
I can't wait for this people to have Biafra. Haàa 11 Likes |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by FKO81(m): 4:50am On Jun 02, 2017 |
afonjadie:Don't mind envious tribe they can only rant online as usual Lagos is no man's land developed by alll. More structures own by Igbos
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by FKO81(m): 4:54am On Jun 02, 2017 |
FKO81:
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by AbakalikiPress: 4:57am On Jun 02, 2017 |
20CRATES: Party Pooper! 10 Likes |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by CloudResident(m): 5:22am On Jun 02, 2017 |
afonjadie: Thank you.. and continue to leave your own towns in a state of perpetual disrepair, ravished by gully erosion, but beautified by tombstones #SadButTrue One of the reasons your right men will never allow Biafra to see the light of the day #SadButTrue |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by FKO81(m): 5:24am On Jun 02, 2017 |
All tribes developed Lagos, even Northerns, former military leader, politicians, business tycoon all have structures in Lagos, just like Eko atlantic city been develop by Lebanese brothers, tomorrow land grabbers will claim the properties with GTB on media , No tribe can claim Lagos for life this is fact, even if Nigeria cease to exist, it will still remain no man's land except you guys are ready to face east and north with others. According to Emir of Kano Sanusi Lamido Sanusi, he said they need Lagos more than Nigerdelta oil , they know the volume of their investments, do you think Dangote is stupid investing in Lagos, we will remind you guys the history of eko when the time comes
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by EmeritusMbaM: 5:41am On Jun 02, 2017 |
20CRATES: You be real party wrecker. Buhaahahahaha. Drink wine broda. 13 Likes
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by Lightening: 5:42am On Jun 02, 2017 |
davodyguy: Bad belle analyst. Stay there and be forecasting doom while he starts the phase 2. Poverty is really of the mind. |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by bilazego(m): 5:42am On Jun 02, 2017 |
YonkijiSappo: Just like adenuga is the mannequin at globacom while your Fulani masters are in control behind the scene. you guys must always find a way to console yourselves. keep on trying. 1 Like |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by EmeritusMbaM: 5:45am On Jun 02, 2017 |
Duru009: You are wrong broda. Its actually 97%, Ibos also own Abuja, UK, USA, Dubai, China, Isreal e.t.c 8 Likes
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by EmeritusMbaM: 5:52am On Jun 02, 2017 |
OmoIgala: Most of those Ibos making noise are villagers in Abakaliki, we have seen many of them here before. Lol 16 Likes
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by Emanodimo(m): 5:56am On Jun 02, 2017 |
GavelSlam: No ohhh... |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by EmeritusMbaM: 6:03am On Jun 02, 2017 |
FKO81: This houseboy is always crying online, you dont even have any shame. You have been disgraced many times on this forum but shame wont let you stop posting trash everywhere, no wonder everyone sleep with Flora while you are online defending the Ugwu scammer. 13 Likes
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by AbakalikiPress: 6:04am On Jun 02, 2017 |
afonjadie: Igbos like you dish their lies in big huge chunks, not even tiny lies like most others, LOL. Dangote's refinery is funded by over 12 local banks and other Global financial institutions. DANGOTE GETS $3.3BN LOAN FROM 12 BANKS TO BUILD REFINERY http://venturesafrica.com/dangote-gets-3-3bn-loan-12-banks-build-refinery/ The Main banking partners, and first banks to provide funds were: GTBank (Yoruba hahaha) and standard chartered Nigeria (more Yoruba Lmao) Standard Chartered was the designate global co-ordinator, and Nigeria’s Guaranty Trust Bank was the local co-ordinator. Bola Adesola, the CEO of Standard Chartered Nigeria, said Nigeria will gain from this project in that it will create the most-needed jobs and lift economic interests of Africa’s second biggest economy. Others are Standard Bank of South Africa, First Bank Nigeria, UBA, First City Monument Bank, Fidelity Bank, Access Bank, Ecobank Nigeria and Zenith Bank, Rand Merchant Bank and Diamond Bank. Smh for You. As for Eko Atlantic City, it is also funded by a CONSORTIUM of Banks and other financial institutions, with special partnership agreement with the Lagos State Government. The major ones being: First Bank GTBank FCMB Others are: Fortis BNP Paribas KBC Notable national and international banks have been quick to capitalise on the opportunities with three of Nigeria’s biggest – FCMB, First Bank and Guaranty Trust Bank – partnering with Eko Atlantic, with support from BNP Paribas Fortis and KBC.https://theunknownnigeriablog..ca/2016/12/eko-atlantic.html The way you people lie when chest beating ehhn, will surely give the devil himself a run for his money. I know you guyz are in a bit of a rush to develop the entire globe, but can you people pls reduce the lying and propaganda a bit while doing it? 18 Likes 5 Shares |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by godquality: 6:18am On Jun 02, 2017 |
afonjadie:You remind me of Alangba. Consoling and praising yourself with all this Igbo kwenu you dey shout here. As nobody praise una, make una kuku praise unaself 5 Likes |
Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by FKO81(m): 6:35am On Jun 02, 2017 |
EmeritusMbaM: Respect and adore by your leaders Go and develop your poor enclave, Lagos is no man's land, stop hoping on structures built by hardworking Nigerias, lazy...
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by FKO81(m): 6:38am On Jun 02, 2017 |
Obijackson owner of nestoil is Nigeria biggest shareholder in Julius beger, and the tower was constructed by JB Only recently Nestoil acquired IMPaC OIL and GAS Engineering Company, how does this acquisition fit into your overall strategic growth plan? Engineering services is a crucial part of the entire EPCC chain ie Engineering, Procurement, Construction and Commissioning. Nestoil is the foremost EPCC provider in the Nigerian oil and gas sector. Before the acquisition of IMPaC, the “engineering” aspect was usually outsourced to third-party companies. The acquisition of IMPaC is aimed at adding significant value to this chain. IMPaC is a world class engineering services company and its acquisition has impacted positively in our overall growth plan. In addition to meeting our in-house engineering services needs, IMPaC is also actively providing such services to other companies. The acquisition adds substantial resources to our existing portolio and fits perfectly into our one-stop shop consolidation strategy. IMPaC renders a broad range of engineering and consultancy services to the oil, gas and power sectors of the onshore and offshore energy industry. Specifically, IMPaC provides integrated development and innovative solutions for exploration and production facilities, offshore structures as well as pipelines and landfalls. The scope of competence includes all necessary utility systems, platforms or vessels. The engineering also includes transportation and marine installation of topsides and modules. So it really cuts across the entire chain: Procurement, Construction, Installation and Commissioning, and, if required, operations and maintenance. Your business interests is now so diversified that one can hardly keep track with you, tell us about this hunger for new business investment and how you are keeping track of these investments? We have typically diversified by identifying appropriate value adding opportunities. This way, we have pioneered the introduction of skills, technology and knowledge. This has been the driving force behind our growth. Recently we entered into a joint venture with the Dutch company A. Hak drillcon to form Nesthak, a company that specialises in horizontal directional drilling [HDD]. Horizontal directional drilling is a trenchless method of installing underground pipes, conduits and cables along a prescribed path by using a surface-launched drilling rig, with minimal impact on the surrounding area. HDD constitutes an important component of many pipeline construction projects and this drilling technique is an environmentally friendly, safe, reliable and efficient alternative to conventional construction methods. HDD is more efficient, often more economical, faster and, above all, has much less impact on the environment. So, Nesthak clients are able to take advantage of our local pipeline construction expertise with A. Hak’s advanced technology. Again, in alliance with Damen Shipyards of the Netherlands, we are presently constructing a modular floating drydock. This will streamline and consolidate our drydocking activities and meet our objectives of safe working conditions, high quality craftsmanship, more competitive pricing and overall reliability. So it’s all about appropriate diversification. We have also expanded laterally into telecommunications with Smile Communications Nigeria Ltd. “Smile” is a new telecommunications company in Nigeria focused on the provision of high-quality, reliable, superfast internet services using 4G LTE technology. Smile acquired unified access service licence in 2009 and commenced commercial operation in March this year at Ibadan. With Smile, we deliver affordable, high-quality and easy-to-use broadband internet access and communication services to customers across Africa. The brand Smile is at the forefront of harnessing technologies to create innovative solutions that enable the cost-effective deployment of advanced communication services to everyone in Africa. It launched its first commercial network services in Kampala, Uganda in November 2009, where it provides its customers with voice and messaging services, with or without the ownership of a handset and expanded to Tanzania, Uganda and the Democratic Republic of Congo. . Our services are now available in Lagos, with plans to cover Port Harcourt and Abuja in a few months. To support our diversification, we have embarked on aggressive senior management recruitment that will enable us monitor our investments in various sectors. We have all our investments very much in focus. What informed the restructuring of Nestoil being carried out by KPMG – is it designed to make the company conform to international best practice or what? Yes. Indeed we engaged the services of KPMG/Alliance Law Firm to guide us through the process of restructuring. This was informed by the need to ensure that our continued growth is anchored on international best practice culture regime. The Board felt that there was a need to set up structures and implement key corporate governance principles that will position Nestoil and its associate companies as a world class group. So far we are very much on track.The restructuring by KPMG will include Enterprise Restructuring that will see Nestoil Plc and other associate companies prepare for their IPO within the next 18 months. Your foray into power has not been as successful as you would have wished, at least for now. Is this affecting the timelines for your growth plan? Certainly not. Challenges are usual in business, particularly at the level where we are playing. We are currently developing the Okija Independent Power Plant.The first phase, which we are working on presently, is a 495MW open cycle plant worth $700 million. Steady power generation is a pathway to economic growth. It’s a long-term investment and we are ready for the long haul. An international bid process has selected GE, Julius Berger and Daewoo as the EPC contractors for construction beginning January 2016. Many see Nestoil as reference point for the success story of the local content law. What is your reaction to that? Understandably, we are proud to be a reference point. Despite seeming odds, we persisted and steadily developed what is arguably one of the largest diversified oil and gas industry service groups in Nigeria, with the ability to implement highly complex projects in areas such as pipeline construction, pressure vessel fabrication, mechanical and civil works, flowstation upgrade, dredging, oil exploration and production. These works are done by a highly motivated workforce that is 98% Nigerian. The Local Content Act has also allowed indigenous companies to grow on an unprecedented scale and acquire assets. For example, Nestoil’s strategic business unit – Gobowen Exploration and Production Limited - led the NECONDE Consortium (consisting of Gobowen Exploration and Production Limited, Aries Exploration and Production and Poland’s Kulczyk Oil Ventures) to acquire a 45% participating interest in OML 42, a large oil block in the swamps of Niger Delta from Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited, and Nigerian Agip Oil Company Limited. The remaining 55% participating interest in OML 42 is held by NNPC. With nearly 1 billion barrels of crude oil and trillions of cubic feet of gas, OML 42 is one of the biggest assets in the Shell divestment drive. In addition, Gobowenacquired substantial shares in the Oriri field (OML 88) in the Niger Delta from Goland PDC and have also acquired 51% participating interest in OPL 917 – an onshore block – among other assets we are contemplating. We are a prime example of how local companies can make an impact if given a level playing field to perform. People who are interested in participating in the oil and gas sector, see us as a symbol of encouragement. Nestoil can be replicated by other Nigerians, but they have to be patient, committed and be willing to learn over time. These are attributes we imbibed and are still practising till date. The Group known as Obijackson Group has grown into several other companies with diverse cross-sector interests in different aspects of the economy. We have offices on three continents and employ well over 2,000 people. Another area we are particularly proud of at Nestoil is our drive for community development. Our community relationships are a vital component of our business operations, and is reflected in a number of our philanthropic commitments channeled mostly through our foundation - The Obijackson Foundation. We work quietly to enhance academics, sporting events and providing the necessary socio-economic support to society. How has the policy worked and the challenges still faced by indigenous companies and what needs to be done to increase local participation in the oil industry? The Local Content Act changed the Nigerian oil and gas landscape as it gave more local companies opportunity to compete on a level playing field. As an economic policy, it has positive implications for employment with significant multiplier effect. Finance and capacity building has continued to be a challenge, but I am of the view, these challenges are usual for such a far reaching policy as the local content concept. There are also issues of adequate well-trained personnel. Again, this I believe will be conquered over time. The situation now is much better than we met it when we set up shop over two decades ago. And it can only get better. One of our associate companies, Energy Works Technology Limited has the largest and one-of-a-kind offshore fabrication facility in West Africa. Recently, we successfully rolled out the first of 3 Clad Plates being 90+4mm Thick Clad weighing 20 Tonnes for SPDC Soku Nag Separator – this feat is a first for the Nigerian Fabrication Industry. A lot of people say doing business in Nigeria is very tough; tell me what it has been like for you especially bearing in mind the sensitive nature of the sector you operate in? It was and still is a tough environment to say the least particularly in our sector. The early days were quite challenging, primarily because the climate of the early nineties was not receptive to an indigenous player competing against better established foreign entities. Confidence, finance, pedigree, qualified personnel, were all teething problems associated with that era. But we persevered. With the benefit of hindsight, we were pioneering a movement that paved the way for greater local participation and ultimately made the Local Content Act realisable. Rapidly, you seem to be trying to consolidate your presence in the upstream. What has informed this new and aggressive drive? Our drive to go upstream is being fuelled by our drive to cover the entire oil and gas value chain, and ensure forward and backward integration. We started out as an oil and gas service company, then moved to acquire oil and gas assets as a way of consolidating our hold in oil and gas production. Our oil and gas assets would be useful in our quest for power generation. Our extensive gas reserves from our joint ownership of OML 42, for example, can be used to generate power. This would no doubt transform you from an oil service company working for the IOCs to a competitor with IOCs Yes of course. Our block is already producing oil – just like the IOCs produce oil. So yes, that makes us basically competitors in the same market. Your company is currently undertaking the construction of a massive seventeen-story building to house your corporate headquarters; tell me how significant the project is for the overall profile of your company? The Nestoil Towers ia another testimonial of our commitment to investment in the Nigerian economy, innovation and environmental consciousness. It has been designed and is being constructed as a green building. By constructing a certified green building, we are responding to some of the most important challenges of our time: climate change, over dependence on non-sustainable sources of energy – with an ecologically responsible solution. Upon completion, our new corporate head quarters will be a veritable symbol of how a local company participation in oil and gas, can add value to the Nigerian economy. It is a bold statement of strategic importance to our company. The project is progressing smoothly and by God’s grace we shall commission the building sometime in 2015. The structure is being built to meet the Leadership in Energy and Environmental Design (LEED) standards of certification and has a Silver rating. LEED was developed by the U.S. Green Building Counsel to provide a framework for applicable and measurable green building solutions.
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by FKO81(m): 6:47am On Jun 02, 2017 |
bilazego:Don't mind them, no link to support their claim, I have searched all over Google still demanding for them to provide credible link but non, this is the same tactics they use to blackmailed Innoson solely funded ke soul win ni 1 Like
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Re: Ernest Azudialu Obiejesi's Nestoil Tower, Lagos (Video And Photo Documentry) by EmeritusMbaM: 6:55am On Jun 02, 2017 |
FKO81: Same noisemaking trash by the poor slave. Lagos is your nightmare, you really wish. The ugwu drunkard will surely sack you and we will be here when you come beg, even Flora is busy sharing her wide p.unny for everyone free of charge. Lol 9 Likes
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