₦airaland Forum

Harlem2:
Eternityk seems this guy have a problem with this great companies

Real owners of Glo are IBB and Atiku
http://saharareporters.com/2007/02/20/vice-president-atikus-burden-corruption

$20million from PTDF fund was used and purchase Globacom license during Obj tenure, address on Glo memorandum of understand with CAC according to EFCC investigation revealed is IBB house in Kaduna.
Mr. Gabriele Volta an Italian and Alhaji Dahiru Mangal control the highest shares in Oando plc

funmitalks190:
Nice one by Glo for supporting the festival

Atiku is their in law he is one of the owners of Glo

Putinofrussia:
Yoruba have as many as Igbo or even more.
I followed the "Yorubas are the most industrious etc"thread and saw that they have massive phamaceutical firms..

Most of the firms they listed are not own by them, for example Channels tv, Oando, Glo, LADOL, Proforce, First bank, Stanbic Ibtc they control substantial shares in some, while they use some of them as frontiers.

eternityk:
Oga,I know all of that

Juhel pharmaceutical company in Awka, Anambra State

eternityk:
Oga,I know all of that

Igbos control pharmaceutical companies in Nigeria
Juhel products

eternityk:
Apart from emzor and orange
All those other ones na supermarket stores

I know you are Dumbo Google Juhel pharmaceutical company is leading indigenous pharmaceutical company in Nigeria

http://www.juhelnigeria.com/whatwedo.html

eternityk:
U mean chinese rebadging company called innoson
Two can play this game

Inosson motors maybe licensed by Chinese manufacturers like baic auto, technical partners, to manufacture using their design,it happens , but not all innoson vehicles have their technical partners design.

eternityk:
Naer

Innoson

eternityk:
Na bricklayer

Proforce Is owned by Columbians

eternityk:
Lol see your company

Innoson the only vehicle manufacturing plant in Nigeria

KosiGee:
What if it’s not? What’s the argument and acrimony about? Are we this cursed and mentally unstable? Can’t you all see good in another man’s effort??

What’s the fight all about?

Your brothers started the war yesterday

MoneyMan5:
They are all Yoruba company because it is being manage and control by Yoruba

You are just exposing your bitterness lol

They are not I will show you prove

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.

Harlem2:
Thank you for busting inkass lie
I heard proforce producing for United Nation

Proforce isn't an indigenous company

eternityk:
Chinese real owners of innoson

Majority knows how Innoson started even your brother Obasanjo tried to frustrate him with Custom, thank God for Goodluck Jonathan


Dr. Innocent Chukwuma, Chairman of Innoson Vehicles Manufacturing Co. Ltd, the first indigenous vehicle manufacturing plant in Nigeria was born in 1961 in Umudim, Nnewi, Anambra. He is the last of six children born to Mr. and Mrs. Chukwuma Mojekwu of Uru-Umudim Nnewi, Anambra State. After his education, he started trading in spare parts under the name Innoson Nigeria Ltd in 1981. His company is third after Leventis and Boulos Enterprises in assembling branded motorcycles in the country.


His business has metamorphosed into four manufacturing companies namely: Innoson Nigeria Limited Nnewi, manufacturers of motorcycles, tri-cycles, spare parts and accessories; Innoson Tech. & Industries Co. Ltd Enugu, manufacturers of Household and Industrial Plastics, Health & Safety accessories, Storage containers, Fixtures & Fittings, Electrical components & accessories; Innoson Vehicle Manufacturing (IVM) Nnewi, manufacturers of Capacity City bus, Mini & Midi buses, Pick-Up trucks and Garbage Collecting vehicles; General Tyres & Tubes Co. Ltd Enugu, manufacturers of Tyres and Tubes.
The vehicles in IVM fleet range from cars, trucks, SUVs, compactors, etc . Presently, the company has made in-road into some African countries such as Ghana, Sierra Leone, Chad, Niger, Togo.
As the first indigenous motor manufacturing company in Nigeria, he says he wanted to prove that Nigerians can do it. This he says has been proved. According to him, the inspiration to go into vehicle manufacturing was drawn from a desire to see Nigerians drive new cars. “Nigeria has become a dumping ground for second hand cars. I know it was the high price of new vehicles that made Nigerians resort to patronising old vehicles, but since we decided to manufacture the vehicles here, the price is affordable, and our people can drive new vehicles again,” he told Vanguard in a recent interview.
https://www.vanguardngr.com/2014/01/innocent-chukwuma-innovative-entrepreneur-2013/amp/

Unbiased1:
lol. So it's even true

Yes bro na so they claimed Oando, LADOL, until I exposed them

Unbiased1:
lol. So it's even true

Of course

eternityk:
Lol proforce is a subsidiary of Ade ogundeyin company
He has other businesses and industries
Una be small boy

At least I have cured your ignorance, you now know the real owners of Proforce

eternityk:
Lol there are pictures of chinese vehicles all over the internet that innoson looks exactly like
Google baic and innoson

More
Innoson is fully owned by Innocent Chukwuma unlike Proforce


More of Columbians real owners of Proforce

eternityk:
Lol there are pictures of chinese vehicles all over the internet that innoson looks exactly like
Google baic and innoson

See Columbians

eternityk:
Lol twisting and twisting
And his Columbian friends
Where did they say its owned by columbians

They are the real owners, you asked of their pictures see below

eternityk:
Chinese1
Chinese 2
In a supposed indigenous company
Better don't fool yourself again

When I told you Columbians are real owners of Proforce you were doubting me

eternityk:
Chinese1
Chinese 2
In a supposed indigenous company
Better don't fool yourself again

When I told you Colombians are real owners of Proforce you were doubting me

eternityk:
Guy u have exposed yourself
Check that second pix
What is a Chinese doing there
Sorry,shebi na full indigenous
What's a Chinese doing there
Now we know who runs the place

Are expertriates not in Dangote factories and other firms own by Nigerians Otondo

eternityk:
Na rebadging Chinese vehicles innoson dey do
Google baic
Lol

INNOSON Manufacturing plant Nnewi

This is manufacturing plant not assembling

Innoson Vehicles plant Nnewi

This is manufacturing plant not assembling

Innoson Vehicles plant

eternityk:
Innoson is rebadging Chinese cars
Don't fool yourself

Innosson is only vehicle manufacturing firm in Nigeria

This is manufacturing plant not assembling

eternityk:
Lol
Tell them oo

Proforce is not wholly owned by a Nigerian, Colombians are major stakeholders in Proforce

eternityk:
Key word is started
It is fully owned by him
See parent company of proforce which is a Nigerian company

We teamed up to start Proforce that was how we started, very simple words that's hard for you to understand

eternityk:
Shut the fukk up
Show me their plant in Nigeria or west Africa
Imported crap
Photoshop na the only thing u know
Proforce is in Ogun state
Proforce employs Nigerians
Proforce produce boats and other products
Show me inkas product on Nigerian roads
The army patronizes proforce
Na only internet we dey hear inkashit
Na helicopter and tanks remain for proforce
No be only Columbians na Spanish
He never even show us the Columbians pictures

Proforce and INKAS are not indigenous companies