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Nairaland Forum / Nairaland / General / Business / Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" (36470 Views)
Folorunsho Alakija And Her Husband, Modupe Separate After 30 Years Of Marriage / Folorunsho Alakija Is Building Famfa Towers, Costs N60 Billion / An Open Letter To Folorunsho Alakija For Accepting Oil Well By 'Faith' (2) (3) (4)
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Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by Nobody: 9:53pm On Feb 25, 2018 |
Martin0:Really? i hope you are not on a suicide mission, don't tell me you ate that thing! , palm wine, yes! but the kpomo looks scary to me oo! **jokes** dis one wey you go eat kpomo and palm wine you go village? |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by Martin0(m): 10:00pm On Feb 25, 2018 |
gypsey: hahahahah suicide mission kwa not only me sha we are 3. mehn that kpomo correct wella no oo I nor go village, just for town here some local area around town Na we go buy am ooo |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by DSDLIVEREPORT: 12:56am On Feb 26, 2018 |
Born2Breed: Your turn is coming |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by DSDLIVEREPORT: 12:58am On Feb 26, 2018 |
PrecisionFx: That is the same reason your region children will see their parents carrying loads on their head and they will walk past .Respect indeed .No wonder 1 Like |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by DSDLIVEREPORT: 12:59am On Feb 26, 2018 |
Temptee101: Your turn is coming |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by Born2Breed(f): 3:44am On Feb 26, 2018 |
DSDLIVEREPORT: Your turn is NOW! Ewobi! |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by Nobody: 8:57am On Feb 26, 2018 |
DSDLIVEREPORT: How can u know this wen ur yet to visit the SE in ur entire life? |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by DSDLIVEREPORT: 9:55am On Feb 26, 2018 |
PrecisionFx: I had years of tertiary education there but I don't even need to travel there. Go to festac,okota & even Coker @ orile where the amichis dominate it's all over. Na u start am o. |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by LaudableXX: 1:39pm On Feb 26, 2018 |
ggoldmine: Do you even know how her story? She paid the required fees to acquire the oil block to govt, got a license to operate it, signed an agreement with Texaco/Stardeep to drill the bloc, was able to give employment to several Nigerians by virtue of the activities carried out at that oil field, has remitted millions in taxes to Federal Govt as a result of her company's operations, and even had to fight Obasanjo's govt in court for 10 long years when the oil well was initially taken away from her, before she could get it back!! If that is not tenacity, hardwork and adding value to a project, I don't know what you can call it. Many people got oil blocs but were unable to develop it, or engage a competent oil firm to operate it for them. Alakija succeeded in doing all these, and you are still mocking her? If you got an oil bloc would you decline it? Receive sense, abeg! |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by LaudableXX: 1:41pm On Feb 26, 2018 |
Odingo1:Stop telling lies. Many people got oil blocks but have never been able to produce a drop of crude, from such blocs. You think say exploration and production activities in the upstream sector, na beans? |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by LaudableXX: 1:50pm On Feb 26, 2018 |
hedonistic: You dey mind am? Let that chap you quoted, be misyarning rubbish there. He does not even realise that the case over OPL 216 which later became OML 127, owned by Alakija was in court for many years, as federal govt under Obasanjo tried to take over the well, after they had discovered it was now profitable. This was after subsequent seismic studies, drilling etc., embarked upon by Alakija's firm and their operators, now revealed that the oil field was actually more profitable because it had higher yields, than everyone had originally thought! Icon4s: Thank you for educating the clueless, my brother. I hear the first set of money she got, came from the operator of the block. She sold part of her shares in the oil block to them, in exchange for their technical expertise.
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Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by LaudableXX: 1:54pm On Feb 26, 2018 |
Toks2008: Exactly, o! You are one of the very few people that actually understood her post. She accepted what everyone initially thought was a low yield marginal field, with the best of intentions - by simply hoping for the best, and praying that things would eventually work out for her firm, in the end. She probably hoped they would manage to break even, without incurring losses at that initial stage. |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by LaudableXX: 2:13pm On Feb 26, 2018 |
Icon4s: You are too much!! May God continue to increase the wisdom He has deposited in your life! If that oil bloc had been given directly to Shell, Mobil etc., none of those uttering invectives against Alakija would have batted an eyelid. All the oil blocks and wells drilled by Shell, Mobil, ChevronTexaco, Agip etc, how much did those multinationals pay for each one? How are the chaps wailing on this thread, so sure these firms were not given those blocks as a gift, right from the days of Oloibiri? |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by LaudableXX: 2:23pm On Feb 26, 2018 |
Jahdriel: Well said!! Very correct! Nothing more to add. |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by hedonistic: 4:29pm On Feb 26, 2018 |
LaudableXX: If you get an oil block, even if you don't do anything else but merely decide to invite oil majors to partake in it, you should get at least $15m to $30m in so-called 'farming fees, regardless of whether they later find oil or not. If you want to flip it altogether, you would get at least between $30m - $100m depending on its perceived prospects. If they find oil, you would still receive annual royalties (in millions of dollars). Isn't that enough to make you very rich? Because the likes of Alakija, Adenuga, and Lulu-Briggs decided that they wanted more than farming fees and royalties, and went the extra mile to invite technical partners to do all the work for them, while they sit back and share in the proceeds, that doesn't mean that they're smart or hardworking. The whole oil block award and operation process in Nigeria is riddled with extreme corruption, and anybody that made their wealth through this can never be a genuine entrepreneurship role model. 1 Like |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by Nobody: 4:46pm On Feb 26, 2018 |
DSDLIVEREPORT: This post sincerely makes no sense. Do a Better one. |
Re: Alakija Dragged On Twitter After Saying She Accepted Her oil well by "Faith" by LaudableXX: 2:18pm On Feb 27, 2018 |
hedonistic: When Mobil, Shell, Agip and the oil majors got awarded oil blocks, are you saying the process was not riddled with corruption? Under what guidelines or bidding processes were they awarded these blocks, from the 60s to the 90s? Please tell us. Some of you guys, feel comfortable when foreigners drill your national oil assets, but start crying 'blue murder,' when a Nigerian is given a permit to drill for the same oil! Are you aware that there are several individuals that were awarded oil blocks within marginal fields from year 1991 till 2003 but were never able to get oil majors or any exploration firm to partner with them, until the licenses of those oil blocks expired? Why? Simply because from the seismic reports, not all those oil blocks could boast of oil in commercial quantity. So the owners of those oil blocks NEVER earned a penny from it. If truly the likes of Alakija were just awarded oil blocks without them paying for it, then when their case got to court such an issue would have been exposed. But the case went all the way to the Supreme Court and from the evidence tendered, it was obvious that the Alakija's company Famfa paid in full for the rights to that oil block, and the court ended up preventing Obasanjo's govt from revoking their license to it. Getting an oil block is one thing, but being able to bring together those with the expertise, equipment and resources to make it a profitable operation, takes a lot of guts, negotiation and persistence. One needs to give Alakija a pass mark at least, in this area! If you look back, many of those oil blocks fell within marginal fields that had been in the custody of oil majors for many years, but which they had not bothered to operate, because they felt the returns would not be worth their while or the block would not yield oil in commercial quantity. But since those blocks were awarded to Nigerians, it has shown the rest of the world that our citizens also have the expertise to develop, operate and coordinate exploration activities successfully. The likes of companies like Dubri Oil, Emerald Energy, Amni International, Niger-Delta Exploration and Production Co (which has installed the first mini-refinery/topping plant producing diesel for sale), Waltersmith Petromann and a few others have lent credence to that fact. Oil acreage ownership in Nigeria does not have ethnic colouration. What’s more important, sustaining production from oil and gas assets, whether or not awarded by the state, is determined by how much of a businessman you are. |
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