Connect with us

Trending News

WALE TINUBU: THE GENERAL HOISTS YET ANOTHER VICTORY FLAG

Published

on

WALE TINUBU

 

To those who know him, the ability of Jubril Adewale Tinubu, Group Chief Executive, Oando Group Plc, as a strategist and winner has never been in doubt.

His many stories of happy ending has confounded many, leaving even his worst critics to acknowledge the abundance of God’s grace and wisdom in him. His feats as a hugely successful player in the dangerous and turbulent oil and gas sector are acknowledged, while his audacity to face challenges where others have fallen by the way side has made him a role model for starters trying to climb the rope of success.

Call him a soldier and champion, and you wont be wrong. The soldier recently recorded another victory in the volatile business battlefield. Of course, it is no longer news that Tinubu and his company, Oando Plc, have been at logger heads with the Securities and Exchange Commission (SEC) for some years now.

Expectedly, Tinubu had sought justice in the court of law. justice was served and he came out victorious on all fronts, including when Justice Ayokunle Faji, of the Federal High Court sitting in Lagos, on Friday, 5 July 2019, granted leave to him and Oando Plc leave to file a motion for a judicial review of the decision of the SEC.

READ  Oando boss, Wale Tinubu mourns Wigwe in tearful tribute

The victory on the day was a three-in-one, as the court also granted an order of certiorari for the quashing of SEC’s directive to Oando to convene an extra-ordinary general meeting on or before July 1 to appoint new directors and articulate remedial measures for alleged corporate governance lapses. The court further granted an order of certiorari for the quashing of a press release by SEC on June 1 appointing an interim management team to be headed by Mr Mutiu Sunmonu (the third respondent) to oversee Oando’s affairs.

Two years on, the matter has finally been resolved, with Tinubu, the business’ soldiers’ General hoisting his flag of victory once again. This again, is no surprise to many, it is just another record broken in as tounding manner the champion extraordinaire.

The deal by Oando Plc and the Securities and Exchange Commission (SEC) to end the legal battles was taken in the best interests of the company’s shareholders and the capital market.

READ  Woman burns self to death over inability to repay N70,000 Lapo’s debt

The deal included payment of a sum of money and a commitment by the company to implement improvements in corporate governance.

This latest victory shouldn’t surprise anybody who know the Oando boss well enough. His audacity of hope and self assurance first manifested as a 27-year-old staff in his father’s law firm, when he quit to pursue his own pristine vision. You will recall that he took that audacious decision at a time when it was status symbol to work in your father’s firm.

The mustard seed that was deeped into the soil alongside his friends back then has germinated into an Iroko that not only gives shade to millions of people, but also feeds many millions spread across the world.

Aside his businesses, another aspect of his life that has probably been underreported is his philanthropy. In 2019, he, alongside some prominent Nigerians, visited the IDP camp in Maiduguri, Borno State to attend to the needs of some of the casualties of terrorism. Recently, he also donated books to 15 universities and two national libraries across Nigeria.

READ  Oando boss Wale Tinubu celebrates Dangote @66

 

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

NNPC: Nigeria’s has capacity for 3m barrels crude oil production per day if…

Published

on

By

 

The Nigerian National Petroleum Company says the country can get up to three million barrels per day of crude if all the stakeholders in the oil sector work in synergy.

The country currently produces an average of 1.3 million barrels per day (bpd), according to data from the Organisation of Petroleum Exporting Countries (OPEC).

Olufemi Soneye, NNPC’s chief corporate communications officer, spoke at an interactive session with reporters covering the national assembly in Abuja on Saturday.

 

Soneye said the country is now averaging 1.7 million bpd because of a recent directive President Bola Tinubu gave to security agencies.

 

“Three million barrels oil production per day is achievable in Nigeria if all the stakeholders work in synergy for that purpose from the security agencies both government and private owned, to oil companies and host communities,” he said.

 

“With the expected synergy from all the relevant stakeholders in the war against oil theft and pipeline vandalism, the enabling environment would be in place for optimal oil production to the volume of 2.5 to 3 million bpd.

READ  Angry mob lynches suspected robbers in Lagos

 

“At a time, we felt that Nigeria was in trouble as far as oil theft was concerned, but with the intensity of the war against it (crude oil theft) has allayed our fears.”

 

Murtala Muhammad, NNPC’s deputy manager, command and control centre, said in six months, over 8,000 illegal refineries and 5,800 illegal oil pipelines were found and destroyed.

Continue Reading

News

‘Please, don’t put fire in Oyo’ — Makinde tells Wike

Published

on

By

 

Seyi Makinde, governor of Oyo state, has asked Nyesom Wike, minister of the federal capital territory (FCT), not to “put fire” in his state.

Wike, in August, had warned governors elected on the platform of the Peoples Democratic Party (PDP) against interfering in the affairs of the party in Rivers state.

 

Wike and Siminalayi Fubara, governor of Rivers state, have been at loggerheads over the control of the party’s political structure in the state.

 

The rift between both chieftains of the PDP has created two factions in the Rivers house of assembly, with each camp electing a speaker loyal to the minister and the governor.

 

Bala Mohammed, governor of Bauchi state and chair of the PDP Governors’ Forum, had said the party’s structure in Rivers state will be handed over to Fubara.

Displeased by Mohammed’s comment, Wike said he would “put fire” in the states controlled by governors of the PDP siding with Fubara.

READ  Fake news: INEC denies purported plan to postpone elections

Mohammed would later reply to the FCT minister’s threat, saying he had enough water to quench Wike’s fire.

 

But speaking on Saturday at an event organised in honour of the minister by the Ijaw Peoples Congress in Port Harcourt, Makinde pleaded with Wike to spare Oyo state should he decide to make bold his threat.

“I came to identify with my brother, the celebrant of today, the honourable minister of the federal capital territory and the immediate past governor of Rivers state,” Makinde said.

 

“When I showed up yesterday, I told him I brought peace offering because he has been boasting that he will put fire in some states. I said, please, don’t put fire in Oyo state.”

‘I’M BIGGER THAN ALL OF YOU’

Addressing the crowd, Wike said he is more powerful than all the governors siding with Fubara.

“All those who are moving around saying they are supporting somebody… you know it is not correct. You know some people don’t have shame. I cannot serve your boy,” Wike said.

READ  2021 UTME: Mock examination slips ready for printing – JAMB

 

“Now, they are not even waiting, they are even rushing after the boy. They are not even waiting for the boy to call them. They are now rushing to the boy. People don’t have integrity.

“Don’t ever think that they’re fighting me. They are not fighting me. I am too big. If you don’t recognise somebody bigger than you, you know you are sick. I’m far bigger— all of them put together. They cannot stand it.

 

“When people said they will put hand here (in Rivers). I told them: if you come here and put your hand, hand too will enter your place (state). Now they are crying.”

Wike claimed that the PDP lost the governorship election in Edo to the All Progressives Congress (APC) because governors of the party lacked strategy.

 

“Instead of them (governors) concentrating on how they would win election in their state, they were holding meetings elsewhere to discuss Rivers state,” he said.

READ  Lagos to clampdown on illegal dredging operation, reads riot act

“Who is the loser? This is a warning to others. Don’t touch Rivers state. It is a special state to God.”

Continue Reading

Sports

Osimhen nets brace as Galatasaray settle for draw in 6-goal thriller

Published

on

By

Victor Osimhen scored his first brace for Galatasaray in the club’s 3-3 draw with Kasimpasa in their Turkish Super Lig match at RAMS Park in Istanbul on Saturday.

In his third league match for the club, the on-loan 25-year-old striker serenaded the home fans with two well-taken goals to add to four assists since his arrival at the table-topping club.

Osimhen opened his club account in the 20th minute when his attempted control from a cross fooled a committed goalkeeper and the Super Eagles striker watched the ball cross the line to a loud jubilation from the crowd.

If the first was ingenious, the second goal — eight minutes later — reeked of pure class. The former Lille striker latched on to a deep cross and swiveled despite the presence of a defender on him before lashing a volley into the roof of the net for 2-0 to his club.

Mauro Icardi made it 3-0 in the 34th minute before Kasimpasa reduced the deficit before halftime.

READ  Fake news: INEC denies purported plan to postpone elections

Osimhen did not have the chance to complete a hattrick due to injury and was substituted at halftime, while the visitors staged a comeback late in the second period to snatch a point at the death.

The draw sees unbeaten Galatasaray lose their perfect start to the season but remain top of the Super Lig with 19 points from seven matches, four ahead of second-placed Samsunspor.

Continue Reading

Trending News