₦airaland Forum

TundeBricklayer:
Manifacture waiting They just used pan and bulletproof to redesign the window and used pan for the back

Keep wailing all over the thread

TundeBricklayer:
I don't know if you don't understand the words teamed up to setup Proforce

Not ranting 100% show me where Colombians transferred their shares to him.

The managing director of proforce is a Nigerian not columbian

The CEO of Proforce is a Nigerian not columbian

The manufacturing plants and offices are all in Nigeria not Columbia

Proforce is a subsidiary of a Nigerian conglomerate not a Columbian conglomerate

You can keep deceiving yourself


You are a nonentity that his opinion doesn't count anyway

astOorR:
May you rot black in hell for this insensitive comment; imagine the rusty cerebral cortex of this animal.
One Nigeria is a mirage.

You are the one rotting in hell with this your frustration

TundeBricklayer:
That was the game you guys tried to play with Oando it backfired

Nothing backfired you are the one hating

TundeBricklayer:
Whoever control the highest shares is the real owner even if the company was founded by you

The real owner is usually the managing director and CEO

The managing director of Olakleenholdings limited is a Nigerian and the CEO of Proforce is a Nigerian

Proforce is 100% a Nigerian company

TundeBricklayer:
Same way here , you once claim Oando plc, Oriental hotel are owned by Tinubu, Glo Adenuga we now know the real owners

Ladi Janesimi front himself as owner of LADOL while he is not

You are just petty

LADOL was founded by a Nigerian and it is being manage by a Nigerian so we can claim the success


It is only the investors that are foreigners

How many Nigerians can invest?


Most Nigerian firm seek for funds outside the country

TundeBricklayer:
You didn't claim LADOL here
https://www.nairaland.com/3918290/yorubas-most-industriousrichest-educated-tribe/43

Yes we have the right to claim LADOL

Because LADOL was founded by a Nigerian and the CEO is a Nigerian

It is only the investors that are foreigners

How many Nigerians even have money to invest in LADOL ?

Many Nigerians firms seek for funds outside Nigeria

TundeBricklayer:
Real owners are Colombians

They might have team up with Columbian when the company started but today Proforce is a 100% Nigerian company

It is a subsidiary of Olakleenholdings limited a Nigerian conglomerate they have no connection to Columbians

TundeBricklayer:
He acknowledged he team up with some Colombians to setup Proforce, Show me prove from CAC were they transfer their shares to him. I asked of LADOL

Proforce is a subsidiary of Olakleenholdings limited a Nigerian conglomerate

I know you don't like that it is a Yoruba company but sorry to burst your bubble this is a 100% Nigerian company

TundeBricklayer:
Major stakeholders are Colombians stop deceiving yourself

http://olakleenholdings.com/aboutus/


Proforce is a subsidiary of Olakleenholdings limited a Nigerian company and the owner is a Nigerian

TundeBricklayer:
Same way you claimed LADOL was a Yoruba man's company, kindly read about the real owners of LADOL

Is LADOL truly a Nigerian company?

Even with the signing of the Nigerian Oil and Industry Content Development (NOGICD) Act of 2010, many Nigerian investors still exploit the old loopholes in the system to take advantage of this law.

Many Nigerians still parade foreign-owned companies as local entities to take advantage of the opportunities provided by the NOGICD Act at the detriment of the Nigerian economy.

LADOL, for instance, prides itself as a local company and is reaping the huge benefits that accrue to local companies in Nigeria but its shareholding structure appears to question this claim.

It is not an offence for foreign companies to operate in Nigeria.

After all, President Muhammadu Buhari has travelled all over the world to woo foreign investors to come into Nigeria and harness the investment opportunities his administration has created.

Also, the Vice President, Professor Yemi Osinbajo, has also made tremendous efforts to improve Nigeria’s ranking in the World Bank’s Ease of Doing Business to attract foreign companies.

Buhari and Osinbajo’s efforts have paid off by attracting many foreign companies and investments since 2015.

All these investments by foreign companies operating in Nigeria have provided employment for Nigerians and helped to grow the Nigerian economy.

The Nigerian government has also provided benefits for these foreign companies to thrive.

But it is worrisome when some foreign-owned companies parade themselves as local companies because they shortchange both the Nigerian economy and truly Nigerian companies.

Foreign-owned companies, which should enjoy the benefits provided by the Nigerian government for foreign companies have claimed to be local companies to enjoy the benefits in the NOGICD Act.

A peep into the shareholding structure of LADOL, for instance, reveals that the ownership is foreign-dominated because this conglomerate, which claims to be a bona fide Nigerian company, has its substantial 84 per cent shares held by foreign companies.

The two foreign companies that own the 84 per cent stake in LADOL are Sable Offshore Investment Limited, registered in British Virgin Island, and Alsba Ventures, also registered in the British Virgin Island.

While Sable Offshore Investment Limited has 53 per cent stake in LADOL, Alsba Ventures Group has 31 per cent.

When two foreign companies establish a company in Nigeria, the company can be rightly regarded as a foreign company.

So, substantially, and legally too, it can be argued that LADOL is a British Virgin Island company and not a Nigerian indigenous company because it is owned by entities registered in British Virgin island.

If British Virgin Island companies owned by Nigerians establish a company in Nigeria, the company is not a truly Nigerian company because it is owned by foreign companies.

When Nigerians establish companies in British Virgin Island and use these companies to set up a company in Nigeria, their motive becomes questionable and suspicious.

The question is: Why did they not set up the company in Nigeria instead of setting up companies in foreign countries and using these foreign companies to set up a company in Nigeria? What is their motive?

What are they trying to dodge? Which rules are they trying to circumvent?

It is also well known all over the world that British Virgin Island is a tax haven where companies do not pay tax.

These companies are shell companies and regulators and anti-corruption agencies in most countries have had cause to probe the business activities of these companies.

Despite this obviously foreign ownership structure, LADOL is one of the greatest beneficiaries of the opportunities provided in the NOGICD Act.

Indeed, the company has benefited enormously from the local content policy in the oil and gas sector.

The opportunities and benefits LADOL have enjoyed are clearly meant for Nigerian companies. But is it truly a Nigerian company?

Many people have called on the government regulators to probe the ownership structure of LADOL to ascertain if it is truly a Nigerian company.

The earlier this is done the better for the Nigerian economy.

No one is even claiming LADOL

TundeBricklayer:
Major stakeholders are Colombians stop deceiving yourself

Proforce is a 100% Nigerian company In fact their plant is only in Nigeria but they have partners all over the world.

You are the one deceiving yourself

TundeBricklayer:
Colombians are real owners of Proforce

Proforce is 100% a Nigerian company

TundeBricklayer:
http://businessnews.com.ng/2014/01/30/nigeria-imports-1500-armoured-vehicles-yearly-proforce-boss/
Same game you guys played with LADOL, claiming to be a Yoruba, until British major stakeholders was revealed

Proforce is owned by Colombians

So we teamed up with some Columbians when we started the company means Proforce is own by the Colombians ?


And where are the Columbians today?

Today the company is 100% a Nigerian company

O boy this one is mad

From Germany to Ghana

Sanwo-Olu should start working already


We are tired of the to to to to

Alaye start working or no second term


Ambode did nothing in Lagos state that's why there is so many unfinished projects and many rot everywhere

Seyi's Girlfriend is more beautiful than this Girl 1000 times

SuperBlack:
Sorry, I can't remember asking you to support Innoson, you have nothing to offer to Innoson, you can't help Innoson in any way, he's well above you and your Generation

You can still testify how bad Glo network is,

even staffs of Glo don't use the Network,

Take your frustration else where

IamAtikulate:
Who is this one? Person wey never chop want to support Innoson.

Wetin Osas no go see for ring road

Just because hunger is killing you doesn't mean it is like that everywhere

edlion57:
South east is good for 56 toll gates but not good to produce president

56 toll gates is too small for all Anambra billionaires


Presidency is for poor people, the people in the East are all billionaires they don't need it

So Anambra billionaires don't want to pay for toll gates?

There are bad roads all over the country but these people are always the only victims

56 toll gates is too small for all South East billionaires

SuperBlack:
What is your own Ote$ manufacturing? How Good is your Brother's Glo Network?

Dangote's Indomie how good it is? Lazy poorYoot

There is no doubt GLO is not very good but I'm still using the same GLO network.

Many Igbo have said a lot of Negative things about GLO and you don't see Yoruba people all over the internet screaming it was because he is Yoruba.

How many people are even supporting GLO as a Nigerian brand?

But you want us to support Innoson

AwkaetitiBabe:
Just look at how they are trying to give innoson bad name. People wey no get ordinary Keke assembly factory o. No wonder so many Nigerian industries are folding.

Yes so many Nigerian Industries are folding because they are cheating people

TheDestroyer:
Learn to take criticism without playing victim. Proforce will never import a car from China and rename it, they make their MRAPS for the Nigerian army from top to bottom in Nigeria.

I'm not playing victims because it is fact

grandstar:
The problem isn't Insoson but rather an unsound economic policy.

Nigeria if left to sound economic has no business manufacturing cars. Peugeot and Volkswagen were already keen to leave the country in the 1980's when the economy was much better talkless of now. The captive market is too small to make car manufacturing (local assembly actually) worthwhile. The country has no comparative advantage in manufacturing cars and no foreign investor would set up a world class plant like has been done in Morocco without a huge captive market. The cars made in Morocco would have are destined for the EU market.

Pat Utomi suggested that rather than produce whole cars, Nigeria is best to focus on parts of the car industry. Imagine if the country produced 5% of all brake pads used in car manufacturing for instance or 5% of batteries. That is what makes champions.

The FG got it wrong and not Innoson. Innoson just rode on a faulty policy

Very good of you

I got a better analysis from you not all these people screaming hate

wechat1:
quickly remove Kogi and kwara eko from this your nonsence land grabbing

Who are you to tell me otherwise?

TundeBricklayer:
Fact you don't have the money to purchase ordinary Keke

You guys are only supporting Innoson because he is Igbo


If he was a Yoruba or Northerner you would be the one crying foul.


25 million for that car is too much

If Innoson was a Yoruba or a Northerner all these Igbo people screaming hate all over the internet would be screaming Scam.


The only reason these people are wailing on behalf of Innoson is because he is an Igbo man if he was a Yoruba or Northerner they would be the one crying foul.

Same way some Igbo people hate Proforce

kheny12:
proudly Yoruba,omo oduduwa.Yoruba to the world.Eko,Ogun,Oyo,ondo,osun ati Ekiti.

Kogi and kwara

Omo oduduwa ati omo Obatala ni wa

Yoruba to the World

That's great

Proudly Yoruba


Oyo, Osun, Ekiti, Ondo, Lagos, Ogun, Kogi(okun) , Kwara(Igbomina)

Omo oduduwa ati omo Obatala ni wa

Good development

They should improve the design sha

I like their APC

majamajic:
sorry boy am too busy to reply u , am not that cheap

Says a worthless thing