₦airaland Forum

Oh boy see money! How can we be sure he is worth this much? Abi did he 'amplify' his net worth with the aim of 'filling in the blanks' during his tenure as governor?

Ajimobi, who had his first degree and MBA in the US, before he got elected as Senator in 2003, was the MD/CEO of National Oil & Marketing Company Ltd, a subsidiary of Shell.

Anyone who rose to the MD/CEO position at ANY subsidiary of Shell, that globally-acclaimed oil multinational, must have been rich; just like one would expect for an ED of any top bank.

And he submitted these assets declaration forms BEFORE/ON THE DAY he was sworn-in as Governor.

However, this is not an excuse for any form of corruption; but I thought that it was good to say the truth about his professional background, after I read some comments as though he was a nobody before he joined politics.

itsme01:
Shell CEO takes home 8 million USD annually, now google what executives, board members, managers managing directors

And wail out loud

Ignoramus. I know logical thinking is hard for many of you. The only thing your brains can process is how to defend your oppressors. Comparing Ben van Beurden's pay in 2020 to a MD subsidiary role in 2001 already shows your lack of logical reasoning. O ga. Smh

All this houses Nigerian politicians own abroad who is living in them. Or are they just empty since they are in Nigeria full time.

listowell:
That you believe is why you don't have power, water, good roads etc.

Nigerians deserve the bunch of rubbish leaders they get. The comments on this thread show as much.

Seun:
Where did he make all this money?

He works with shell petroleum both home and abroad and he was one time executive director of Shell. I don't doubt his financial status.

Oh boy see money! How can we be sure he is worth this much? Abi did he 'amplify' his net worth with the aim of 'filling in the blanks' during his tenure as governor?

Before nko? if na you wan thief public fund u no go do ur calculation well?

The house un US was bought 2016!!!

Kobojunkie:
And came out unimpacted during the last recession, and every previous economic downturns, right?

Did you read this news? He had these properties in 2011. This was a 2011 news. What “recent recession” are you talking about?

By the way, will recession demolish the properties?

itsme01:
Dumbos make me laugh, CEO takes 8m USD tell us what MD running the companies downstream company takes. ... Use Google oo, bitter leaf people

Your level of dumbness is even worse than I thought. You obviously don't know the contribution of downstream vs upstream particularly at that point in time, in early 2000s. Please GTFO my mention abeg, there should be more sensible people to engage in conversation than you.

He was very rich before he became governor of Oyo state....

Jarus:
Did you read this news? He had these properties in 2011. This was a 2011 news. What “recent recession” are you talking about?

By the way, will recession demolish the properties?

you know what? It's a free world.

Jarus:
I dont have house in the US. I am in my 30s, Ajimobi declared this at 62 after retiring as CEO and even setting up own companies (and after a tenure as senator). So don't compare. Just telling you to look at the trend and see that it is possible.

You are the one who attempted the comparisons here.

Jarus:
I dont have house in the US. I am in my 30s, Ajimobi declared this at 62 after retiring as CEO and even setting up own companies (and after a tenure as senator). So don't compare. Just telling you to look at the trend and see that it is possible.

You are the one who attempted the comparisons here. I am simply questioning the claims made is all.

Wow, he had money o, I just hope he left a will behind if not, his children will surely fight for their share of the cake.

Jarus:
I have only worked in the oil and gas industry as an employee for 12 years and only became a manager recently, and my company is not one of the top 15 oil companies in Nigeria.

If I get government position today, I have 5 houses (in 3 states) to declare. I'm still in my 30s. It may have reached 7 by 40 (Allah willing).

Guys, this is possible for someone who rose to become CEO of an oil company. And he made this declaration in his 60s.

Uncle, we are talking about high priced houses in the UK and US denominated in foreign currencies, in addition to numerous ones in Nigeria, in addition to N292.4M, you are talking about houses in 3 states (I presume in Nigeria) - this your comparison clearly holds no water. Comparing houses in Nigeria to overseas. Please.

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itsme01:
In a dumbos mind, Ajimobi predicted where to locate his asset, and never earn a penny as Shell Executive, lol

Envy is a big disgrace to some ape-like Africans

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olapluto:
I remember Ajimobi also headed SHELL Togo for a few years before retirement. He was in Senate too. I think his worth is reasonable.

Let them continue to play the man's spirit.
This Ajumobi,once lived in USA,washing dead bodies and was a cab-driver there then,according to his story while alive,declared his assets and nobody challenge him.He worked in oil companies at different times.Much as I can't defend him,but it is wrong for Oyo State Govt to now be making noise by sponsoring social media: crucified him.Do you know the Millions that drivers in oil company collect as entitlement?

itsme01:
In a dumbos mind, Ajimobi predicted where to locate his asset, and never earn a penny as Shell Executive, lol

Envy is a big disgrace to some ape-like Africans

They do not pay Nigerian oil executives $8m annually. That’s a big lie. Some of us are very well exposed to compensation. Maybe the group CEO’s in the US but never the executives in subsidiaries and poor countries like Nigeria. By the way when did plot of land in Oyo cost that much In 2011?

zoomman:
He works with shell petroleum both home and abroad and he was one time executive director of Shell. I don't doubt his financial status.

Just imagine the rubbish this one is spewing.

Like someone rightly said up there... Nigerians deserve the leaders they get. So many ignorant folks in this country.

itsme01:
2011 declaration he did under PDP, then why not probe him as CCT probed Tinubu and Saraki?

It shows that the ruling party uses EFCC as a tool to probe only those who disagree with them, especially opposition members.

baby124:
They do not pay Nigerian oil executives $8m annually. That’s a big lie. Some of us are very well exposed to compensation. Maybe the group CEO’s but never the executives. By the way when did plot of land in Oyo cost that much In 2011?

Dude is too ignorant to know that, pardon him lol.

989900:
There are many twists and turns to this, but believe me, the value of those properties are hyper-inflated.
How much is farmland at Ido in 2011? Probably ₦40,000-₦80,000/acre, but guyman wrote ₦1.2 or so/acre by 130 or so acres. . . same can be said of the Oluyole property, the Lagos properties too.

What of the investment on the said land ?

baby124:
They do not pay Nigerian oil executives $8m annually. That’s a big lie. Some of us are very well exposed to compensation. Maybe the group CEO’s in the US but never the executives in subsidiaries and poor countries like Nigeria. By the way when did plot of land in Oyo cost that much In 2011?

I said CEO gets 8m USD per annum and asked how much you think in the same organisation a top executive , board room member? managing director of a their Nigerian downstream company earns

Oluyole isn't a cheap place it is a GRA hosting some of the richest including Adenuga and co

The oppressed defending the oppressor.... Interesting... But note that he did work in the capacity of a director for 26yrs....he move up in rank within that space of time.


Asset declaration made in anticipation of heavy looting nonsense.

The properties located overseas are worth more than his 2 companies and more than everything he own in Nigeria.

itsme01:
In a dumbos mind, Ajimobi predicted where to locate his asset, and never earn a penny as Shell Executive, lol

Envy is a big disgrace to some ape-like Africans

Envy? What envy? What is there to envy in some fool that embezzled what's meant for millions of people and you're here spewing nonsense about envy.

Nigerians would never learn, I swear. They just loved being oppressed by their oppressors! WTF?

prekumohtim:
It shows that the ruling party uses EFCC as a tool to probe only those who disagree with them, especially opposition members.

Can you predict the location of a house you would buy after 6 years? And conveniently declare it 6 years prior the purchase lol

makinde got some funny thinking supporters ever

Amotekun777:
Envy? What envy? What is there to envy in some fool that embezzled what's meant for millions of people and you're here spewing nonsense about envy.

Nigerians would never learn, I swear. They just loved being oppressed by their oppressors! WTF?

It's sickening and disgusting to see honestly. Ask these same guys if they have 24 hour light, standard schools and hospitals or if they can take a stroll late at night in a safe environment. No. They are here defending a POLITICIAN.

Nigerians deserve the crap leaders they get. They have just started, they should continue.

toyetade:
As an employee of any organisation, all you are entitled to is Salary and so called allowances or benefits. How much salary can somebody earned to have all these

" He added that he had a flat purchased through mortgage financing worth £450,000 in the United Kingdom, another worth £1.95m, purchased through mortgage in the UK and another house worth $1.5m in the United States of America."

This is pure greed. Who is going to enjoy all these proceeds of corruption which he left behind now yet he is the only one who is going to face God to explain all these wealth. In some saner climate, the government will take over all these assets

There are some incentives that can push up your earnings in multi nationals . Profit sharing/ bonus is one of such. For instance, if the percentage is 10% of the profits running into billions of dollars per annum , you know how much it will be . Then don't forget he declared 2 companies as his own personal companies. So add it and you will have at least something to add up