ahiboilandgas:
The king of deseal could not survive a fair deseal markets after 2007 ....so only monies made in the hay day used to buy up a.p now forte oil was left......over 240 apatments was sized by amcon ....now with coming of pmb in 2015 and reforming the sector more .....forte oil was placed for sale at 250m dollars to prudent energy......cos no pmb reforms ....suddenly the king of deseal is no more on forbe list .......this are not real investors but racketeers and can only happen in failed africa Nations like Nigeria , congo etc ....this are not the like of warren buffet ,bill gates , jeff bozz etc....

Interesting perspective

ahiboilandgas:
After obj left in 2007 and yardua involved more player...what happen to zenon oil and gas they became indebted 50bn naira and bankrupt...cos everbody was getting approval from ppra .....the invincibility of zenon and political rackets ended ....this are not real inventors or superior intelligent people but racketeers ....

Interesting stuff

I feel your anger

But still

Emmanuelewumi point is very very valid

ahiboilandgas:
The king of deseal could not survive a fair deseal markets after 2007 ....so only monies made in the hay day used to buy up a.p now forte oil was left......over 240 apatments was sized by amcon ....now with coming of pmb in 2015 and reforming the sector more .....forte oil was placed for sale at 250m dollars to prudent energy......cos no pmb reforms ....suddenly the king of deseal is no more on forbe list .......this are not real investors but racketeers and can only happen in failed africa Nations like Nigeria , congo etc ....this are not the like of warren buffet ,bill gates , jeff bozz etc....

Femi Otedola pocketed N65 billion in the deal, Prudent energy guys over paid for the business and they are left with an empty can. He must have used up to 70% of the fund to buy dollars.


Femi is smart, he knew the party will soon be over in the petroleum products marketing business. He spun off the power sector subsidiary of Forte, and only sold the down stream business.

I think Femi will play a major in the Dangote Refinery business

emmanuelewumi:




Femi Otedola pocketed N65 billion in the deal, Prudent energy guys over paid for the business and they are left with an empty can. He must have used up to 70% of the fund to buy dollars.


Femi is smart, he knew the party will soon be over in the petroleum products marketing business. He spun off the power sector subsidiary of Forte, and only sold the down stream business.

I think Femi will play a major in the Dangote Refinery business

yes i think so cause he always at the refinery with Dangote...as can see the party wil be over soon....he bought fgn power plant in kogi and plans buy ...100 percent share of the govt .
....this plant was build by obj sold by jonathan and finished selling by pmb..

ahiboilandgas:
After obj left in 2007 and yardua involved more player...what happen to zenon oil and gas they became indebted 50bn naira and bankrupt...cos everbody was getting approval from ppra .....the invincibility of zenon and political rackets ended ....this are not real inventors or superior intelligent people but racketeers ....

Zenon was merged with Forte Oil, the merger made the holdings of Femi in Forte Oil to increase from 60% before the merger to 80% after the merger.


Femi is a major shareholder of Zenith bank

DexterousOne:


Interesting stuff

I feel your anger

But still

Emmanuelewumi point is very very valid

am not anger ....femi/zenon blessed a lot of young marketers like me in 2004,5 ,6 ,7 cos with distortion i can make 500k per truck without leaving zenon depot....i just buy from zenon and sell the tickets to desperate people and make 10 naira (330k ) and go back to my hotel room ....is stayed in hotel for 3 years continues without feeling it .....all hotels in apapa was turn to home by marketer...b4 the burst...

emmanuelewumi:




Zenon was merged with Forte Oil, the merger made the holdings of Femi in Forte Oil to increase from 60% before the merger to 80% after the merger.


Femi is a major shareholder of Zenith bank

amcon has collected most of shares including zenon tower,zenon depots , zenon filling stations ,private jets and 250 apartments to liquidated the 50bn debt ....he own s share in visaphone......once fgn create a monopoly for u ....u can own anything in Nigeria

Nb if am presented with same oppurntiies like zenon , gbenga and co i will also utilize it very well .....if am close to the president i will tellerguide him to making rich ....allow ahib oil and gas be the sold importer of deseal for 4 years ...i will build a refinery in 8 years time ....back ward integration.....this what dangote and co teleguided obj to do for them like Singapore.....empower a few them we industrialization Nigeria.....May Nigeria Favour us ameem.......

Interesting....

ahiboilandgas:
amcon has collected most of shares including zenon tower,zenon depots , zenon filling stations ,private jets and 250 apartments to liquidated the 50bn debt ....he own s share in visaphone......once fgn create a monopoly for u ....u can own anything in Nigeria

Not a bad deal for him, his debts are worth more than assets seized, I guess the debts were bought by AMCON from the banks at a discount.

Ifeanyi Ubah of Capital Oil is still indebted to the tune of over N110 billion, I wonder how those guys manage to sleep at night

ahiboilandgas:
am not anger ....femi/zenon blessed a lot of young marketers like me in 2004,5 ,6 ,7 cos with distortion i can make 500k per truck without leaving zenon depot....i just buy from zenon and sell the tickets to desperate people and make 10 naira (330k ) and go back to my hotel room ....is stayed in hotel for 3 years continues without feeling it .....all hotels in apapa was turn to home by marketer...b4 the burst...

Na wa

ahiboilandgas:
Nb if am presented with same oppurntiies like zenon , gbenga and co i will also utilize it very well .....if am close to the president i will tellerguide him to making rich ....allow ahib oil and gas be the sold importer of deseal for 4 years ...i will build a refinery in 8 years time ....back ward integration.....this what dangote and co teleguided obj to do for them like Singapore.....empower a few them we industrialization Nigeria.....May Nigeria Favour us ameem.......

Mind you Aishat Oyebode has her own personal businesses in the oil and gas sector, you can Google.

emmanuelewumi:



Not a bad deal for him, his debts are worth more than assets seized, I guess the debts were bought by AMCON from the banks at a discount.

Ifeanyi Ubah of Capital Oil is still indebted to the tune of over N110 billion, I wonder how those guys manage to sleep at night

including 11 bn naira nnpc diverted products....he has sold all his trucks over 200 we bought some ....if pdp wins and minister of petroleum allow depots to be the sole storage for triput ...he will pay back in no time ....Suprisely we used to buy truck tyre from him in 2002 ....

emmanuelewumi:



Mind you Aishat Oyebode has her own personal businesses in the oil and gas sector, you can Google.

the dont just enter like that.....AMG Energy ... (600m gtb debt) is own by them

emmanuelewumi:



Mind you Aishat Oyebode has her own personal businesses in the oil and gas sector, you can Google.

oga evem. My mentor dr faruk was a former poly teacher....he became rich after becoming Mko campaign manager ....

ahiboilandgas:
the dont just enter like that.....AMG Energy ... (600m gtb debt) is own by them

Not much GTB is not First Bank, they will recover the debt very possible that the loan is secured with a collateral

ahiboilandgas:
Nb if am presented with same oppurntiies like zenon , gbenga and co i will also utilize it very well .....if am close to the president i will tellerguide him to making rich ....allow ahib oil and gas be the sold importer of deseal for 4 years ...i will build a refinery in 8 years time ....back ward integration.....this what dangote and co teleguided obj to do for them like Singapore.....empower a few them we industrialization Nigeria.....May Nigeria Favour us ameem.......

I see

Ahiboilandgas opening people's yansh anyhow

olujaidi:
Ahiboilandgas opening people's yansh anyhow

Lmao


Serious Exposè

A Nigerian defrauded a brazil bank of 250m dollars posing as cbn govenor....he use the money to become a large share holder and a director of union bank ...he also build a sky scrapper in Lagos island .....if he was not caught...he will be telling stories of been a wizkid or some genius....

ahiboilandgas:
including 11 bn naira nnpc diverted products....he has sold all his trucks over 200 we bought some ....if pdp wins and minister of petroleum allow depots to be the sole storage for triput ...he will pay back in no time ....Suprisely we used to buy truck tyre from him in 2002 ....

Ifeanyi Ubah na character

ahiboilandgas:
A Nigerian defrauded a brazil bank of 250m dollars posing as cbn govenor....he use the money to become a large share holder and a director of union bank ...he also build a sky scrapper in Lagos island .....if he was not caught...he will be telling stories of been a wizkid or some genius....

Lmao

E ma binu sir

ahiboilandgas:
including 11 bn naira nnpc diverted products....he has sold all his trucks over 200 we bought some ....if pdp wins and minister of petroleum allow depots to be the sole storage for triput ...he will pay back in no time ....Suprisely we used to buy truck tyre from him in 2002 ....

So there is nothing AMCON or the bank can sieze from him in order to recover his debts

How can someone get a loan of over N100 billion that is not secured by the bank.

The story get as e be

Information is powerful. I wonder what I was doing this period all the same, all glory to God.

ahiboilandgas:
am not anger ....femi/zenon blessed a lot of young marketers like me in 2004,5 ,6 ,7 cos with distortion i can make 500k per truck without leaving zenon depot....i just buy from zenon and sell the tickets to desperate people and make 10 naira (330k ) and go back to my hotel room ....is stayed in hotel for 3 years continues without feeling it .....all hotels in apapa was turn to home by marketer...b4 the burst...

FGN bond results of today shows another heavy oversubscription. The money is still much and looking for where to get dumped.

N150B Bond on offer, over N544B subscription

emmanuelewumi:



So there is nothing AMCON or the bank can sieze from him in order to recover his debts

How can someone get a loan of over N100 billion that is not secured by the bank.

The story get as e be

..the bank where importing products and he was incharge of selling ..so he keeps changing the nominated accounts and divert sales to expand depot to buy jets to buy houses in London
...just stupid guy

olujaidi:
Ahiboilandgas opening people's yansh anyhow

all an public info na....

ahiboilandgas:
..the bank where importing products and he was incharge of selling ..so he keeps changing the nominated accounts and divert sales to expand depot to buy jets to buy houses in London
...just stupid guy

He cant try that with Access Bank

Japaul owed the former diamond Bank about N40 billion, less than a year after Access Bank acquired Diamond Bank, they have recovered N35 billion. They sold Japaul Maritime head office in Lagos, their ship and other equipment to recover the debt

Treasury Bills today's auction report showed that rates have continued to go down further. Surprisingly as usual, it was Oversubscribed by over 500%.

emmanuelewumi:



He cant try that with Access Bank

Japaul owed the former diamond Bank about N40 billion, less than a year after Access Bank acquired Diamond Bank, they have recovered N35 billion. They sold Japaul Maritime head office in Lagos, their ship and other equipment to recover the debt

whaoo ...that nice ...some people that defaulted in the diamond bank credit card go dey wahala ....he tried with access and choscharis they brought a cargoe to his depot .....he dribble them and reload with smaller vessel in the night to ph .....oboy they deal with him seize his jets and houses in London

From the perspective of those of us in this group, this is bad news.
From a government/ CBN perspective this is good news and bad news. Good news before it is easier to manage a 4% interest rate than 18% interest rate. Bad news in the sense that people are still not willing to invest in the real sector.

unite4real:
Treasury Bills today's auction report showed that rates have continued to go down further. Surprisingly as usual, it was Oversubscribed by over 500%.

ojesymsym:
From the perspective of those of us in this group, this is bad news.
From a government/ CBN perspective this is good news and bad news. Good news before it is easier to manage a 4% interest rate than 18% interest rate. Bad news in the sense that people are still not willing to invest in the real sector.

Sir
Look at the state of the economy

Does it inspire anyone to commit large funds to invest in the real sector

With all the issues that beset the country at the moment?

I am divesting to safe havens abeg....
This is not looking good for us in this country