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  #561 (permalink)  
Old 19th October 2012, 11:44 AM
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Default Re: Light UP Nigeria !!!

Quote:
Originally Posted by emmanuel ewumi View Post
From there track records.
i don't think they have a say here
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  #562 (permalink)  
Old 19th October 2012, 11:55 AM
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Default Re: Light UP Nigeria !!!

Quote:
Originally Posted by goldsun View Post
i don't think they have a say here
How come they were able to stop the company that bought Federal Secretariat Lagos from working on the site. This a company that bought the property during Obasanjo's era.

How come they prevented UAC Properties from commencing work on 1004 Estates, they went to court until a diplomatic solution was sought. It was after this that UAC Properties could start work. Don't forget that the Chairman of UAC Properties at this time was General Wushishi (rtd)

Lagos will tell you that they are trying to practice true Federalism
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  #563 (permalink)  
Old 19th October 2012, 11:56 AM
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Default Re: Light UP Nigeria !!!

Lagos knows how to create a lot of legal bottlenecks for investors who they do not want. I am of the opinion that a political solution will be sought.
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  #564 (permalink)  
Old 19th October 2012, 11:57 AM
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Default Re: Light UP Nigeria !!!

Delta, Edo, Ekiti, Ondo reject sale of PHCN firm | 247 Nigeria News Update
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  #565 (permalink)  
Old 19th October 2012, 12:02 PM
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Default Re: Light UP Nigeria !!!

Quote:
Originally Posted by emmanuel ewumi View Post
How come they were able to stop the company that bought Federal Secretariat Lagos from working on the site. This a company that bought the property during Obasanjo's era.

How come they prevented UAC Properties from commencing work on 1004 Estates, they went to court until a diplomatic solution was sought. It was after this that UAC Properties could start work. Don't forget that the Chairman of UAC Properties at this time was General Wushishi (rtd)

Lagos will tell you that they are trying to practice true Federalism


Those guys are equally paying interest on the loan which they used in making this purchase from Federal government.

Onikoyi family is also claiming ownership of the land, because the British government did not pay for the land where the Secretariat was built.
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  #566 (permalink)  
Old 19th October 2012, 12:44 PM
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Default Re: Light UP Nigeria !!!

[quote=migiets;142421]
Quote:
Originally Posted by emmanuel ewumi View Post

Won't this have caused so much problems and ego tripping. Imagine if one of the states insist on producing the CEO. You know that such a CEO might fill up the place with people from his/her state and i wonder what will happen if such a position is being rotated.

I think the states that make up these DISCOs should be given a certain percentage of holdings.
Actually, I don't think they should. Participating in a consortium should be voluntary. A winning consortium should not be forced to include other parties. Why won't they just sell to the highest bidder at their bid price? Sometimes, the simplest things are the hardest to do!
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  #567 (permalink)  
Old 19th October 2012, 01:34 PM
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Default Re: Light UP Nigeria !!!

These are people's opinion from another forum

We have not heard the last of this sort of thing.Emeka offor's firm has to carry along Eastern electric consortium,so also Abdulsalami's firm will have some form of arrangement with LASG(forget about OANDO power,I'm personally pleased that Tinubu will have no direct benefit from the power privatisation programme he had written off several times)


That was racketeering and not bidding. Emeka Offor is a guy who lacks credibility, how well did he his Chrome manage all the TAM contracts he collected or is it the Kastec gas pipeline fraud. Where did Abdulsalam get his money? Abacha's recovered loot. Gbolade Osibodu is simply a front man .All these guys are worse than the state governors.


I'm expecting Lagos state to follow suit...


Considering the huge investments in IPP already by the affected states,the states have a very strong case.

That aside,the consortium of the states MUST be fully privatised or the BPE/NCP should prevail on Vigeo to strengthen their bid and enhance their capacity as well as have some form of working arrangement with the states' consortium,otherwise bumps bumps ahead


Abdusalami's past has nothing to do with the bidding process. For example , his company was the only company that bidded for Yola distribution company ; what do u expect? If his company meet the prerequisite requirement and won the bid ; they should go ahead and work ! All we need is results , revitalizing the power sector and not to dwell on history !


It actually includes Ondo State.So add LP.
I think the governors' grouse is that they have invested heavily in the power sector in their various states and have a more accomplished technical partner than the winner and that the bidding process itself was flawed.



And so what if they had heavily invested in power generation? Does that guarantee success in distribution? If NO, then why don't they leave it for the experts? Our Governors always want tp politicise everything. The citizens of Edo, Delta and Ondo don't give a hoot who manages the DISCOs, as long as they see the bulb light when they flick the switch on.

POWER DISTRIBUTION: We won’t allow firm to operate -Edo, Ekiti, Delta govs

Last edited by emmanuel ewumi; 19th October 2012 at 01:44 PM.
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  #568 (permalink)  
Old 19th October 2012, 01:35 PM
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Default Re: Light UP Nigeria !!!

[quote=emmanuel ewumi;142424]
Quote:
Originally Posted by migiets View Post


Don't you think similar thing will occur between Rivers, Bayelsa, Cross Rivers and Akwa Ibom States that won the bid for Port Harcourt DISCO
It might but the friction might be less because they are all members of South South economic forum. Do not forget that Ekiti is a part of the South West economic integration and they are still trying to convince Edo state to join them because of ACN. Delta is a member of South South economic forum. There would have been less friction if it was an Edo/Delta or Rivers/Bayelsa or Cross River/Akwa Ibom combo because these states were once one.
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  #569 (permalink)  
Old 19th October 2012, 01:37 PM
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Default Re: Light UP Nigeria !!!

[quote=migiets;142444]
Quote:
Originally Posted by emmanuel ewumi View Post

It might but the friction might be less because they are all members of South South economic forum. Do not forget that Ekiti is a part of the South West economic integration and they are still trying to convince Edo state to join them because of ACN. Delta is a member of South South economic forum. There would have been less friction if it was an Edo/Delta or Rivers/Bayelsa or Cross River/Akwa Ibom combo because these states were once one.
What about Lagos state and OANDO's consortium. Akute Power, a subsidiary of OANDO distributes power to some Lagos State government's establishments.
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  #570 (permalink)  
Old 19th October 2012, 01:39 PM
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[quote=emmanuel ewumi;142445]
Quote:
Originally Posted by migiets View Post

What about Lagos state and OANDO's consortium.
What is the surname of the owner of Lagos and what is the surname of the owner of OANDO or Who owns Lagos and who owns OANDO?. .
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  #571 (permalink)  
Old 19th October 2012, 01:41 PM
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[quote=migiets;142446]
Quote:
Originally Posted by emmanuel ewumi View Post

What is the surname of the owner of Lagos and what is the surname of the owner of OANDO or Who owns Lagos and who owns OANDO?. .
What is the surname of the owners of Akwa Ibom, Cross Rivers, Rivers and Bayelsa States.
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  #572 (permalink)  
Old 19th October 2012, 01:42 PM
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[quote=migiets;142446]
Quote:
Originally Posted by emmanuel ewumi View Post

What is the surname of the owner of Lagos and what is the surname of the owner of OANDO or Who owns Lagos and who owns OANDO?. .
What is the surname of the owners of Akwa Ibom, Cross Rivers, Rivers and Bayelsa States?
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  #573 (permalink)  
Old 19th October 2012, 01:49 PM
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Default Re: Light UP Nigeria !!!

[quote=emmanuel ewumi;142424]
Quote:
Originally Posted by migiets View Post


Don't you think similar thing will occur between Rivers, Bayelsa, Cross Rivers and Akwa Ibom States that won the bid for Port Harcourt DISCO
Without knowing the details of the consortium, there is no way the consortium will be able to manage such business
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  #574 (permalink)  
Old 19th October 2012, 02:00 PM
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[quote=wanaj0;142449]
Quote:
Originally Posted by emmanuel ewumi View Post

Without knowing the details of the consortium, there is no way the consortium will be able to manage such business
Are there any reason for your conclusion.
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  #575 (permalink)  
Old 19th October 2012, 03:57 PM
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[quote=emmanuel ewumi;142451]
Quote:
Originally Posted by wanaj0 View Post

Are there any reason for your conclusion.
Because I AM yet to see any government own business that is geared towards service delivery and properly run. Not sure why this will be different. We are talking about state governments that are finding it difficult to run education, health, agriculture or even sports in an efficient manner.
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  #576 (permalink)  
Old 19th October 2012, 04:35 PM
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[quote=wanaj0;142456]
Quote:
Originally Posted by emmanuel ewumi View Post

Because I AM yet to see any government own business that is geared towards service delivery and properly run. Not sure why this will be different. We are talking about state governments that are finding it difficult to run education, health, agriculture or even sports in an efficient manner.
They don't have to be a major shareholder or managers of the company`. Ibile Holding, the Investment Company of Lagos State is a major shareholder in Skye Bank, but Lagos does not run the bank. Lagos used to be a major shareholder in ECONET before it changed to Airtel.

Last edited by emmanuel ewumi; 19th October 2012 at 04:38 PM.
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  #577 (permalink)  
Old 19th October 2012, 04:57 PM
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[quote=emmanuel ewumi;142457]
Quote:
Originally Posted by wanaj0 View Post

They don't have to be a major shareholder or managers of the company`. Ibile Holding, the Investment Company of Lagos State is a major shareholder in Skye Bank, but Lagos does not run the bank. Lagos used to be a major shareholder in ECONET before it changed to Airtel.
Odu'a Investment was established by late Chief Awolowo in the 60s, they had a lot of investments in blue-chip companies like Guiness, NBL, Coca cola, Nestle, Flour Mill etc.

The company equally had a lot of real-estate investments in highbrow areas of Lagos, like Lekki, Victoria Island, Ikoyi, Lagos Island, Ikeja GRA. They practical owned more 70% of Ikeja and Ilupeju Industrial Estates and more than 50% of Apapa Industrial Estate.
It was the Military rulers and their boys that squandered the investments of the once flourishing conglomerate.
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  #578 (permalink)  
Old 19th October 2012, 07:52 PM
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Default Re: Light UP Nigeria !!!

PHCN grows IGR in Kano on edge of improved power supply
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  #579 (permalink)  
Old 21st October 2012, 01:17 AM
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Govs Reject Vigeo’s Emergence as Bidder for Benin Disco, Articles | THISDAY LIVE
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Old 21st October 2012, 01:18 AM
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Ngige Predicts Trouble In Power Sector Over Alleged Fraud In PHCN Privatisation
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