Share this page!

tolu ogunlesi Profile picture
Twitter logo
Aug 12 • 5 tweets • 4 min read
In 2018, @oduainvestments, historically owned by Ogun/Oyo/Ondo/Osun/Ekiti States, took the decision to admit Lagos as a shareholder. Today, Group Chairman of the conglomerate, Otunba Bimbo Ashiru, formally handed over @followlasg’s Certificate of Shareholding to Gov @jidesanwoolu
All the 6 States of South West Nigeria are now (equal) shareholders in @oduainvestments.
What happened is that this year (2022), Lagos completed payment for its portion of the Share Capital allotted to it. With the completion of payment, the Certificate of Shareholding has been issued to the State Government. Hence today’s ceremony.
#DidYouKnow @oduainvestments is joint owner of one of the Marginal Fields allocated in the recently concluded bid round?

Odu'a set up an SPV (with Pioneer Global & Resources Ltd) known as Bita Exploration & Production Company Limited (BEPL) to apply for a Marginal Field License.
The application was successful, and on Tue, June 28, 2022, in Abuja, the Prospecting License for Bita Marginal Field (‘PPL 249’) was handed over by @NUPRCNigeria to Bita Exploration & Production Company Limited (jointly owned by @oduainvestments & Pioneer Global & Resources Ltd).

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with tolu ogunlesi

tolu ogunlesi Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @toluogunlesi

tolu ogunlesi Profile picture
Aug 11
A never-ending flood

By Tolu Ogunlesi

#poetry
By way of agidi, they arrived in Agadez.

They are not those landcruisered ones

weighed down with wide-eyed dollars;

their Atlantic is a bowl of sand,

furrowed with the now-silent ‘steps

of several generations.
There are no pillars of salt.

Someone built this sandy highway,

and forgot the U-turns.

Slowly, steadily, past burnt-out suns, frozen moons,

until Sebha flagged them down, marked them as lost

children of the mad dog, and tossed them coastwards.
Read 7 tweets
tolu ogunlesi Profile picture
Aug 10
“Maybe when I come back to Nigeria, I will relax. Right now I have all the time for the Twitter people. I can do 12 hours straight.” — Senator @ChimarokeNamani
“I’m a professional politician, politics feeds me, I don’t have any other job - since December 1998 when I returned from America.” — Senator @ChimarokeNamani
“Politics is a Marathon, it’s not a 100m dash.” — Sen @ChimarokeNamani
Read 13 tweets
tolu ogunlesi Profile picture
Aug 5
Onitsha River Port has finally been concessioned. FEC approved the concession in Feb 2022, and on June 30, 2022, the concession contract was signed, in Abuja (“commercial close”).

Next step is financial close, and then formal commencement of the 30-year concession.

#Thread
Concessionaire: Universal Elysium Consortium, led by Dr. George Nwangwu, lawyer, academic & expert on infra regulation & privatization

Concession model: Rehabilitate, Operate & Transfer (ROT)

Concession Period: 30 years

Onitsha Port: >12 Ha land; 324m wharf, expandable by 234m
You know why Onitsha River Port is so important ie why it has so much potential?

According to National Inland Waterways Authority (NIWA), 60% of the containers that arrive Nigeria through Tincan, Apapa & Onne Ports end up in the South East.

They mostly travel by road (trailers)
Read 4 tweets
tolu ogunlesi Profile picture
Aug 3
The ways of bilateral diplomacy. Nigeria assists less-well-off countries, just as we’re also assisted by other countries. A given. Nigerians of course have the right to ask questions, just as citizens of other countries query their aid budgets (in face of pressing local problems)
As I said, public reaction to this is understandable. Doesn’t mean if Benin/Chad requests this kind of support tomorrow, we won’t give them. It is what it is. Not sure there’s any country where citizens unanimously support the idea of giving foreign aid—when local needs abound.
The thinking is simple: our neighbors need help, and ask for it, we will assess it and ‘let me see what I can do’ it. Every government faces those situations, and tries to do something. We also benefit from significant amounts of support from other countries. It is what it is.
Read 5 tweets
tolu ogunlesi Profile picture
Aug 3
Federal Executive Council (FEC) Meeting just ended, and Ministers are about to brief the press: @FMICNigeria @OfficialFCTA @MinTransportNG and @FinMinNigeria
#FECbrief #AsoVillaToday Image
HM @FinMinNigeria, @ZShamsuna: FEC today approved a National Monitoring and Evaluation Policy for Nigeria, to institutionalize monitoring and evaluation across Govt. Policy developed in close collaboration with States, development partners, academia and private sector. #FECBrief
HM FCT: Memo approved for the purchase of 60 Security vehicles + installed communications equipment; as well as other Security Gadgets and Accessories, to equip and support security agencies in the FCT.
Vehicles Contract awarded to @CoscharisMotors.
#FECbrief #AsoVillaToday
Read 5 tweets
tolu ogunlesi Profile picture
Aug 2
Do you know her?

She is Blessing Oborududu, the most successful Nigerian female wrestler OF ALL TIME. Winner in 2021 of Nigeria’s first (& only!) Olympic medal in Wrestling—a Silver.

Here’s the story of the person who discovered her, and helped nurture her into a world champ. ImageImageImageImage
The story starts in the 1990s.

Daniel Baraladei Igali, that’s the name.

He was a Nigerian and African wrestling champion in the early 1990s.
During the 1994 Commonwealth Games in Victoria, B.C., Canada, Igali, representing Nigeria, decided to stay back and seek refuge in Canada, on account of the tumult back home (this was shortly after the annulment of the June 12 elections, and the ensuing crises).
Read 12 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(