post=67855905:

Ew.u Gambia so you have forgotten what Obj and others did to Ibeto?

Ibeto group

sarrki:


Shut up

Who is caging who

Igbos are the problem

Stop all this your no make sense post

sarrki:


Shut up

Who is caging who

Igbos are the problem

Stop all this your no make sense post

sarrki:

Shut up
Who is caging who
Igbos are the problem
Stop all this your no make sense post

post=67855810:
Fact is enemies can't cage Igbos, the world is vast, the market is huge, Umu Igbo will keep progressing.

horsepower101:
The world is a 7 billion people market. Ndigbo need to continue moving beyond Nigeria when striking business deals. There are trillions of dollar markets worldwide to tap into and build stronger partnerships.

Leave the Nigerian haters to die of jealousy and sorrow.

Progroms in the north and west Never stopped us.

Civil war with its devastation never stopped us.

Abandoned properties never stopped us.

20 pound policy never stopped us.

Indigenization policy never stopped us.

Obasanjo crony capitalism never stopped us.

And so on.

Buhari is just a child's play when factoring everything we have been through in this contraption.

We shall eventually get to the promised land and nothing can stop it.

sarrki:


Shut up

Who is caging who

Igbos are the problem

Stop all this your no make sense post

winterfell007:
My igbo brothers can brag for Africa!! First of all, Ibeto caused his own downfall. Had it been he keyed into OBJ's backward integration policy for the Cement industry, his story would have been a lot different.
I could remember when OBJ called all stakeholder in the Cement business including the likes of Dangote, BUA, Lafarge and Ibeto to announce the new the policy direction, Ibeto felt it's just another Govt. Hogwash.

While Dangote and others began acquiring defunct Cement plants like the one in Gboko to revamp it and mine the limestones locally, Ibeto felt it was a whole lot easier for him to import the 'clinkers' and simply process it in his factory at Portharcourt. Dangote and BUA followed Govt new policy and began investing in backward integration. I could remember when OBJ gave all of the players a timeline to execute this policy. Dangote felt he could not be investing so much in BIP while his competitors will simply flout the policy to continue to import the clinker, process it and they'll all sell to the same market. OBJ assured Dangote that his investment in BIP would not be in vain because he was helping the govt in conserving forex.
Obj reminded Ibeto of the policy they all agreed to in 2003 only for Ibeto to pay lip service promising to look into the policy

It dawned on Ibeto when OBJ decided to take punitive measures against him for flouting the BIP(Backward intervention plan) only for Ibeto to cry 'witch-hunt' that Obj is targeting him because he's igbo.
Anyway to cut the long story short, Dangote took advantage of the punitive measure against his direct rival to build the biggest Cement plant in Africa and that was his story changed for good. Ibeto should thanks his stars that Yaradua had pity on him.

post=67855810:
Fact is enemies can't cage Igbos, the world is vast, the market is huge, Umu Igbo will keep progressing.

Dokitadotun:


Thanks for this. People just like to play tribalism card every time. My Igbo brothers pls learn to give glory to God, quit this bragging.

horsepower101:
The world is a 7 billion people market. Ndigbo need to continue moving beyond Nigeria when striking business deals. There are trillions of dollar markets worldwide to tap into and build stronger partnerships.

Leave the Nigerian haters to die of jealousy and sorrow.

Progroms in the north and west Never stopped us.

Civil war with its devastation never stopped us.

Abandoned properties never stopped us.

20 pound policy never stopped us.

Indigenization policy never stopped us.

Obasanjo crony capitalism never stopped us.

And so on.

Buhari is just a child's play when factoring everything we have been through in this contraption.

We shall eventually get to the promised land and nothing can stop it.

unite4real:


There is progress everywhere in the world. Can you mention a tribe in this world wthout progressive people and retrogressive people? It has nothing to do with any tribe. Stop this tribalism and focus on the huge potentials in this world to achieve your own progress.

winterfell007:
My igbo brothers can brag for Africa!! First of all, Ibeto caused his own downfall. Had it been he keyed into OBJ's backward integration policy for the Cement industry, his story would have been a lot different.
I could remember when OBJ called all stakeholder in the Cement business including the likes of Dangote, BUA, Lafarge and Ibeto to announce the new the policy direction, Ibeto felt it's just another Govt. Hogwash.

While Dangote and others began acquiring defunct Cement plants like the one in Gboko to revamp it and mine the limestones locally, Ibeto felt it was a whole lot easier for him to import the 'clinkers' and simply process it in his factory at Portharcourt. Dangote and BUA followed Govt new policy and began investing in backward integration. I could remember when OBJ gave all of the players a timeline to execute this policy. Dangote felt he could not be investing so much in BIP while his competitors will simply flout the policy to continue to import the clinker, process it and they'll all sell to the same market. OBJ assured Dangote that his investment in BIP would not be in vain because he was helping the govt in conserving forex.
Obj reminded Ibeto of the policy they all agreed to in 2003 only for Ibeto to pay lip service promising to look into the policy

It dawned on Ibeto when OBJ decided to take punitive measures against him for flouting the BIP(Backward intervention plan) only for Ibeto to cry 'witch-hunt' that Obj is targeting him because he's igbo.
Anyway to cut the long story short, Dangote took advantage of the punitive measure against his direct rival to build the biggest Cement plant in Africa and that was his story changed for good. Ibeto should thanks his stars that Yaradua had pity on him.

Solstar:
This is a great strategic Foreign Direct Investment that will be beneficial to the growth index of Ibeto asset class on the long term. Equity Partnership with a USA publicly traded corporation is a win-win standard for Emerging Markets unlike Dangote's foray into the global stock market as a local brand from a third world country. There are no assurances on such ventures irrespective of business acumen as major players will erode every progress made. Every grounded investor with the understanding of international play knows the underlying fundamentals. I have mostly questioned Dangote's understanding of global business terrain when it comes to Wall Street.

On the growth curve, corporations from emerging markets must loose irrespective of the financial mechanics of the rampaging bull or bear coming out of hybernation if any one follows Dangote's template.

Regarding Ibeto, this is the first time I have seen a Nigerian business make a strategic win-win move. I just hope the deal structure is based on convertible bonds to ensure Long Term capacity building and profiteering.

I give this a thumps up.

sholatech:
Can Betcy erode Dangote's Market share?? Fingers crossed.

deenee:



As usual you have used alot of big grammar with plenty financial terms that are incoherent and mean nothing but will of course brain wash a lay man.

Tell me how covertible bonds, long term capacity building and profiteering(which has a negative conotation)all fit into one sentence.


Back to the matter, for those who follow news well, Milost has been in the new recently for all shades of bad!

They tried to invest in japaul oil, unity bank and even resort savings but the transactions didn't scale through as there were issues around during diligence bordering on the investor. Some even say that Milost is a conduit pipe for money laundering just as they have said same for the online trading platforms like jumia and konga

I don't have much details about the deal yet but let watch and see as events unfold

winterfell007:
My igbo brothers can brag for Africa!! First of all, Ibeto caused his own downfall. Had it been he keyed into OBJ's backward integration policy for the Cement industry, his story would have been a lot different.
I could remember when OBJ called all stakeholder in the Cement business including the likes of Dangote, BUA, Lafarge and Ibeto to announce the new the policy direction, Ibeto felt it's just another Govt. Hogwash.

While Dangote and others began acquiring defunct Cement plants like the one in Gboko to revamp it and mine the limestones locally, Ibeto felt it was a whole lot easier for him to import the 'clinkers' and simply process it in his factory at Portharcourt. Dangote and BUA followed Govt new policy and began investing in backward integration. I could remember when OBJ gave all of the players a timeline to execute this policy. Dangote felt he could not be investing so much in BIP while his competitors will simply flout the policy to continue to import the clinker, process it and they'll all sell to the same market. OBJ assured Dangote that his investment in BIP would not be in vain because he was helping the govt in conserving forex.
Obj reminded Ibeto of the policy they all agreed to in 2003 only for Ibeto to pay lip service promising to look into the policy

It dawned on Ibeto when OBJ decided to take punitive measures against him for flouting the BIP(Backward intervention plan) only for Ibeto to cry 'witch-hunt' that Obj is targeting him because he's igbo.
Anyway to cut the long story short, Dangote took advantage of the punitive measure against his direct rival to build the biggest Cement plant in Africa and that was his story changed for good. Ibeto should thanks his stars that Yaradua had pity on him.

Nodogragra4me:



Is it due diligence of Milost or the Nigerian companies?

One great secret from your post is that Milost have been trying to gain a foothold here in Nigeria and Ibeto seems like a game already from the story

Dokitadotun:


Thanks for this. People just like to play tribalism card every time. My Igbo brothers pls learn to give glory to God, quit this bragging.

deenee:



On both sides, for example they signed a 1 billion dollar deal with unity bank asking them to delist from the Nigerian stock market based on desk top due diligence alone! They also engineering the pump and dump stock trade for japaul oil recently costing Nigerian investors losses amounting to billions of naira.

I suggest you search the internet for news on several botched Nigerian deals from them

Also it's easy to sign commitment documents which is what is has been done in this case but execution which I doubt will happen is the main thing.

As I mentioned earlier let's watch and see.

Nodogragra4me:



The first puncture to this half truth is that a Nigerian court has awarded billions of naira as compensation to Ibeto against the government for flouting their own rule. You can check online for the story and the person who is fighting the case in court right now for Ibeto not to be paid is dangote....yes he has gone to court to challenge the judgement in which he is not a party to but a stakeholder in the industry.

Expatriates working for Ibeto were bundled into an aircraft from Port Harcourt,taken to Lagos and given seventy two hours to leaven nigeria even though they had working permit... Read the story online