Stats: 3,184,426 members, 7,923,621 topics. Date: Saturday, 17 August 2024 at 10:54 AM |
Nairaland Forum / Nairaland / General / Properties / ABC Orjiakor Buys Eko Atlantic Afren Tower (52323 Views)
Eko Atlantic Newest Updates In Pictures / Eko Atlantic City: Tower B Of The Eko Pearl Towers Completed And Unveiled / Eko Atlantic Taking Shape - Latest Beautiful Pictures (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply) (Go Down)
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by afroniger: 3:54pm On Nov 15, 2017 |
I don't understand what all these noises are about. Why do some people prefer to make noise over none issues? Most of Dubai choicest real estate are developed by foreign investors who went on to sell them to other foreigners, including some Nigerians. Yet we don't hear the foreigners making any fuss or taunting Dubai natives about property ownership. When will Nigerians grow up and quit being petty over stupidd stuffs?? 12 Likes 2 Shares |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Anambra1stSon(m): 3:55pm On Nov 15, 2017 |
Anver Versi, Editor of the London-based African Business magazine, was in conversation with Braynt (ABC) Orjiako, the co-founder and chairman of Seplat.ABC Orjiako practiced as a specialised orthopaedic and trauma surgeon in Lagos, Nigeria, before making the big switch to full-time business in perhaps the most competitive and demanding sector in the economy – oil and gas. He says he inherited business genes from his family and even while working as a surgeon, he established and ran several companies the upstream, downstream and services sectors of the oil and gas industry in Nigeria. These include Abbeycourt, which traded crude oil and refined petroleum products with, amongst others, the UK’s Glencore, Abbeycourt Energy, Zebbra Energy and Shebah Exploration and Production Company Limited. He co-founded Seplat in 2009 with Austin Avuru, who is now the company’s Chief Executive Officer. Seplat has achieved remarkable results in the four years since it began operations and is now considered the industry benchmark in terms of management, efficiency and corporate social responsibility. ABC Orjiako also has other business interests in construction, real estate development, pharmaceuticals and shipping. He is also the chairman of Neimeth Pharmaceutical International plc, which is listed on the Nigeria Stock Exchange, and a director of MPI and Etablissements Maurel et Prom, both of which are listed on the New York Stock Exchange and Euronext Paris. I started by asking ABC Orjiako how he had managed to so seamlessly trade in his surgeon’s gowns and gloves for the cut and thrust of the business world. He said the training and experience he received as a surgeon had, if anything, prepared him for his business life. “As a surgeon, you cannot make mistakes. You have to be very disciplined, very organised, have an eye for detail, manage your team effectively, make tough decisions and take on big responsibilities,” he said. According to his medical contemporaries, he was an outstanding surgeon but Orjiako did not feel sufficiently challenged in the highly formalised world of the hospital. “Besides, I come from a business family – my late father was a businessman – and all around me I could see business opportunities either going begging or being handled very poorly. So I tried to do other things and found myself naturally slipping into the stream of the Nigerian economy.” Having spent many long and hard years studying for his medical qualifications, he knew the value of a sound academic foundation. He went for the best and enrolled for a course in management at the Harvard Business School. Armed with a hard-won certificate from that institution on which he could overlay his business instincts, he felt ready to dive into the complex world of big business. I asked him why choose oil and gas – an industry whose treacherous waters have swallowed up so many business ventures, big and small. “Oil and gas is the mainstay of the Nigerian economy,” he said. “I wanted to be at the heart of where it was really happening.” But you were walking into what is probably the most competitive and demanding industry there is, I argued. What gave him the confidence to boldly go where angels fear to tread? Orjiako explained that several factors had come into play. In the first place, he had established and successfully run several businesses applying his formula for good corporate governance, which included getting intimately involved with the local communities in which his companies operated. Secondly, the structure of the oil industry was changing. It had been dominated by international companies that controlled virtually all of the upstream activity – exploration, drilling and production. Indigenous companies barely contributed 5% to the total output while a few indigenous companies were involved downstream – processing and distribution in the main. “But upstream is where the real business is,” he said. “Downstream is the icing on the cake.” Responding to incessant pressure from the indigenous companies, the government wanted to encourage more local companies to go into the downstream section. The oil majors themselves were beginning to divest from their holdings onshore and in shallow water to concentrate on deepwater production. Their relations with local communities were poor and as a result, they faced continued insecurity and often large-scale oil theft. It was no longer profitable for them to continue to hold on to their onshore concessions. They were willing to sell off some of their assets to local companies. In addition, there was a great deal of uncertainty about what the provisions of the new Petroleum Investment Bill would include but it was taken for granted that international companies would be required to have far greater local content than hitherto so quite a few of them seemed eager to jump before they were pushed. Thus the ground was fertile and the timing was right for Orjiako to take a giant step in the industry. He had already established an upstream company – Shebah Exploration and Production.
|
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by ArchangeLucifer: 3:57pm On Nov 15, 2017 |
1 Like |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by ibedun: 3:59pm On Nov 15, 2017 |
post=62404830: So the Lebanese brought the land from Lebanon abi? Who is deceiving who? So the flat/head bought a unit at EKO Atantic means what? That we are now in Igboland? Keep screaming, I will believe no man's land when ABC himself or people like Pat Utomi dear say it, not Internet trolls like you. |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Sirheny007(m): 3:59pm On Nov 15, 2017 |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Nobody: 4:00pm On Nov 15, 2017 |
Category1:Igbos are great investors. South Africa has Shoprite, Igbos have Alaba International Market. South Africa has DSTV, Igbos have Nollywood. 3 Likes |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by laudate: 4:03pm On Nov 15, 2017 |
igbodefender:Yet, in Nollywood the highest grossing movies that have raked in the biggest amount of money at the box office, were made by non-Igbos. Please research the history of the Nigerian film industry very well, before making unfounded claims. ![]() Definition of which films are considered Nollywood has always been a subject of debate. Alex Eyengho defined Nollywood as "the totality of activities taking place in the Nigerian film industry, be it in English, Yoruba, Hausa, Igbo, Itsekiri, Edo, Efik, Ijaw, Urhobo or any other of the over 300 Nigerian languages". He further stated that "the historical trajectory of Nollywood started since the pre and post independent Nigeria, with the theatrical (stage) and cinematic (celluloid) efforts of the likes of Chief Hubert Ogunde, Chief Amata, Baba Sala, Ade Love, Eddie Ugboma and a few others". https://en.m.wikipedia.org/wiki/Nollywood 4 Likes |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by ArchangeLucifer: 4:03pm On Nov 15, 2017 |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by ibedun: 4:06pm On Nov 15, 2017 |
igbodefender: South Africa developed Shoprite and DSTV in South Africa first before branching out to other countries. Alaba International and nollywood are based in Yorubaland. We are a federal republic, a federation of component parts. 1 Like |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by MrRitchie: 4:07pm On Nov 15, 2017 |
NwaAmaikpe: He's a business man and not the governor of anambra state, u can as well work hard and go use the money to stop the erosion, the person u need to complain to is your Governor not a business man like this, misplaced priority 1 Like |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Sirheny007(m): 4:12pm On Nov 15, 2017 |
ArchangeLucifer: Nah..sunlight and salt will do. You aint no daywalker. |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Anambra1stSon(m): 4:12pm On Nov 15, 2017 |
ibedun:You will continue crying till you delete from earth, Dangote a northern bought hectares of Land in Epe building his refinery soon be commission, Northerners will soon dominate there, although most of our young guys are also buying land there, while you and your likes rant online. 6 Likes 1 Share |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by ArchangeLucifer: 4:14pm On Nov 15, 2017 |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Sirheny007(m): 4:17pm On Nov 15, 2017 |
ArchangeLucifer: Humor me. I would love to see the agony on your face on the last day. |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by VanBommel(m): 4:17pm On Nov 15, 2017 |
tit:olodo rabata oshi with that your long, ugly looking mouth like that of a Chinese duck. Very soon those Igbo businessmen would chase all of you back to your ogbomosho slum. 1 Like |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by ArchangeLucifer: 4:18pm On Nov 15, 2017 |
Sirheny007: A day set aside for me as agreed with the Almighty. A day I finally have dominion over all of Mankind. A day when you hapless mortals will feel my whip across your backs for eternity. That day is almost upon us, mortal. |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Sirheny007(m): 4:21pm On Nov 15, 2017 |
ArchangeLucifer: And who is the Almighty? |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by KadunaMafia: 4:21pm On Nov 15, 2017 |
laudate:It seems your father was very very poor that's why you couldn't advise him to build house in your home. Son of a poor man |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Nobody: 4:22pm On Nov 15, 2017 |
i said it. bad news for Afonjas.. LAUDATE don the cry since morning.. they form SSA on igbo matters.. ![]() the pain no be here.. na one we buy oh.. e belike this.. by the time..Eko Atlantic don cook done.. maybe Afonjas go the need pass to enter. while stll reminding us.. how they own lagos and how we suppose don develop east.. ![]() ![]() ![]() ndi igbo mma ma nu! anyi no everywhere with our OFO! 6 Likes |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by ArchangeLucifer: 4:22pm On Nov 15, 2017 |
Sirheny007: The Creator. He who bestowed a brain on your kind despite my numerous warnings. |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Sirheny007(m): 4:24pm On Nov 15, 2017 |
ArchangeLucifer: The creator.?? And what is his name? |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by ArchangeLucifer: 4:26pm On Nov 15, 2017 |
1 Like |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by laudate: 4:27pm On Nov 15, 2017 |
bounty007:Point of correction. ![]() ![]() Now, everyone can see that your folks have been the ones shouting in glee, that their son bought a tower in the SW. It is such an achievement for them. They have failed to see the other side of the coin, and the opportunity cost. If he had sited such an investment in the SE, who would have benefited? ![]() ![]() 3 Likes |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by FlyoruB: 4:27pm On Nov 15, 2017 |
See these foolish people masturbating all over this thread? This is why the SE will never develop, because it lacks the environment and character to attract the the best to move over there to contribute to it's development. Isn't it ironic that the purported buyer of the property in question would rather buy it in Lagos rather than build one in his native Anambra? The reason is simple. The Tinubu who initiated the eko Atlantic project, as a typical forward thinking Yoruba man, originally positioned it to be an investors haven that will continually attract capital from anywhere, irrespective of race, color or creed. That's the difference between Yorubas and igbos, and why even the best and most successful igbos (as well as other Nigerians and foreigners) will continue to troop to our land with their capital coz they know their money is not only safe there, but also coz they know it is the only part of Nigeria where their investments have real value and will continue to appreciate. Igbos are not the only non-natives investing their capital in Yorubaland. Dangote is building his refinery there. The French owners of Lafarge are there. Even American multinationals are not left out. Some of the wealthiest Nigerians of Yoruba extraction also have stakes. Igbos should receive sense and stop this foolishness of celebrating their kin acquiring a property in Lagos, and rather focus on how they can reposition their region to replicate the Lagos/SW environment, that way other Nigerians and foreigners (including the elusive deep pocket igbos who refuse to invest their money in the region) can also feel welcome to contribute to the region's development. You people abusing NwaAmaikpe truly need some sober reflection, rather than celebrating a private individual's investment in property in Lagos. 13 Likes 2 Shares |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Sirheny007(m): 4:29pm On Nov 15, 2017 |
ArchangeLucifer: Good. Place the name and your Moniker side by side so that ye may see the light and gain salvation thereof; for verily verily i say unto you unless thou be born again, thou cannot enter the kingdom of heaven 1 Like |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Elioandrew: 4:30pm On Nov 15, 2017 |
Sirheny007:if he is the owner of ABC transport, then he's from Imo state. |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by laudate: 4:31pm On Nov 15, 2017 |
Nword22:Your comments have just revealed how daft you are. Aturu. 1 Like |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Sirheny007(m): 4:33pm On Nov 15, 2017 |
Elioandrew:He is |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by laudate: 4:33pm On Nov 15, 2017 |
FlyoruB: Chimo! See finishing! ![]() 4 Likes |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by Nobody: 4:35pm On Nov 15, 2017 |
laudate: i no wan know wia you come from oga... but you don't know igbo's.. we're different and we reason differently. Igbo land is our home.. and we still storm home atleast once in a year.. it reminds us of who we are.. try forget us and our "mumu" reasoning..e don carry us reach wia we dey.. and stil going up. what has your wisdom done for your people? beside you always hide your place of origin..like you're not proud of your existences.. with this subtle cunning hatred for igbos.. guy where are you from..? be proud of yourself ![]() 2 Likes |
Re: ABC Orjiakor Buys Eko Atlantic Afren Tower by laudate: 4:36pm On Nov 15, 2017 |
bounty007: Am a Nigerian. Will knowing my place of origin put money in your pocket, or will it feed you for the next 5 years?? ![]() 1 Like |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (Reply)
Doctor Godwin Maduka Builds 100 Houses For Widows & Less Privileged In Anambra / AMEN ESTATE PHASE 2,WITH 3M DEPOSIT YOU OWN A PLOT,PRICE INCREASES SOON / 600 Years Old Castle Listed For Sale In Italy For €13million (Photos)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 67 |