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The National Leader of the All Progressives , APC, Bola Tinubu, has said that “O to ge”, which was the slogan that was  used to dislodge Senate Bukola Saraki is not applicable in Lagos.

TINUBU – “O TO GE” WILL NEVER WORK FOR LAGOS, IT IS FOR ILORIN Pic 15

Loosely translated as “enough is enough”, the slogan yielded massive rewards for Kwara APC as the party displaced all the three sitting senators in the state, won all of reps seats and President Muhammadu Buhari defeated Atiku Abubakar, presidential candidate of the Peoples Democratic (PDP), with over 150,000 votes in the state.

Some politicians and activists opposed to Tinubu had attempted to use a similar strategy to stop the emergence of Babajide Sanwo-Olu, his preferred candidate.

But fielding questions from reporters after casting his ballot at polling unit 047, ward 3, Ikeja local government area of the state, Tinubu said in Lagos, the people should consider “o to pe”, translated as “it’s worthy of praise”.

He said there is a limit to copying concepts from other states, expressing confidence that his party would emerge victorious in the exercise.

TINUBU – “O TO GE” WILL NEVER WORK FOR LAGOS, IT IS FOR ILORIN Tinubu 2
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“The O to ge slogan is for Ilorin; Lagos is not Kwara state, and there is a limit to copying. Lagos should be O to pe, not O Toge,” he said.

 

“We are going to win because we are the only party in Lagos state, others are pretenders; they come and they will go away. Leopard cannot change his skin.

“Lagos belongs to the progressives; we are progressives and we will remain progressives. For Lagos, it has seen tremendous development since I was the ; before then, the highest internally generated revenue (IGR) was N600 million, per month, now it is over N30 billion.

“No other state has achieved what we have achieved, financial independence, as Lagos state; no other nation, they all depend on allocation from the federal government. Lagos State today will not depend on any allocation before we take care of capital needs; we build roads and bridges everywhere from Oregun to many parts of the state.

TINUBU – “O TO GE” WILL NEVER WORK FOR LAGOS, IT IS FOR ILORIN Tinubu

“The real estate value of Lagos state has exponentially increased than any other state in the federation. We are the fifth largest economy in Africa; let me see that governor who will do better than that.”

Tinubu said the the violence which erupted in the Okota area of state during the presidential and national assembly elections, is not enough to give the impression that the state is prone to violence.

He blamed the media of giving hype to negative stories, saying that such attributes would not bring the necessary progress.

“I take exception to what happened in Okota two weeks ago. I am very upset about that incidence placing Lagos as if we are violent-prone,” he said.
“We have about 1,325 polling units in Lagos State and only five units were affected in Okota. That should not mean that the election was a failure in the state.

TINUBU – “O TO GE” WILL NEVER WORK FOR LAGOS, IT IS FOR ILORIN tinubu1

“If we should rate it, the election should be about 97 per cent rate of success if right mentally. An incident in Okota should not be used to generalise the whole election in Lagos State.

“The success rate should have been the story, not the ugly incident that should be the story. For the media, how can five units out of 1,325 units constitute a violent election and were given hype that Lagos is violent; we cannot do justice to that.

“How can we have development to the economy and the medium of information? In terms of security, Lagos has always been ready to celebrate democracy, and violence free. The security officials are doing well and the has started well too with the logistics well managed.

TINUBU – “O TO GE” WILL NEVER WORK FOR LAGOS, IT IS FOR ILORIN tinubu

“We will continue to welcome everybody to Lagos State. We cannot stop people from coming to the state. If Lagos is not good enough, they won’t come. If the state is plagued with disease or insecurity or unemployment, people won’t come. Those leaving their states to come to Lagos are welcome, they are not a threat.”

(The Cable)

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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Buhari meets Dangote, Otedola, others in Aso Rock

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Buhari meets Dangote, Otedola, others in Aso Rock IMG 20190524 215018 1024x742

Muhammadu Buhari on Friday hosted members of the Business Community and officials of the All Progressives (APC) to Iftar (Ramadan breaking of fast) at the State , Abuja.

The News Agency of Nigeria (NAN) reports that the Secretary to the Government of the Federation, Mr. Boss Mustapha and the Chief of Staff to the President, Malam Abba Kyari were among the government functionaries at the fast-breaking event.

Members of the business community in attendance of the fast-breaking meal included Alhaji Aliko Dangote, Femi Otedola, Tony Elemelu, Alhaji Isiaka Rabiu and Chief Emeka Offor.

Others were the Chairman of the Sahara Group, Kola Adesina and the Chairman of the National Union of Road Transport Workers (NURTW), Alhaji Najeem Yasin.

The National Chairman of the APC, Comrade Adams Oshiohmole, immediate past national chairman of the party, Chief John Odigie Oyegun; the party’s National Vice Chairman, North West, Inuwa Abdulkadir and other party officials also joined the president to share the fast-breaking meal.

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Real owners of MTN Nigeria revealed

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real owners of mtn nigeria revealed Real owners of MTN Nigeria revealed screenshot2019 05 24 10 48 35

 

 

 

Last Thursday’s listing of MTN Nigeria shares on the Premium Board of the Nigerian Stock Exchange (NSE) has made it possible to identify the shareholders of the telecoms firm.

Many Nigerians believed the Nigerian government owned part of the South African firm through an unspecified equity holding by the Nigeria Sovereign Investment Authority (NSIA).
But a review of the listing memorandum filed by MTN Nigeria in support of its application for the enlistment of its shares on the NSE revealed the profiles of the shareholders of the company.
The list did not include either the Nigerian government or the NSIA. PREMIUM TIMES learnt that the NSIA investment “is very small” and could not have been listed among those of the big players.
The document dated May 15, 2018, showed 11 owners of MTN Nigeria. They own the entire 20,354,513,050 Ordinary Shares of the company valued at about N407.1 billion as at the time MTN applied to be listed.
They include the majority shareholder, MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion, and Stanbic IBTC Asset Management Limited with 9.77 per cent stake or 1,988,269,050 shares valued at about N39.77 billion.
Also included are six Nigerians, who are non-executive directors of the board. Each represents various foreign interests in the company.
Victor Odili, a Nigerian, and Chairman of Aeromaritime Group of companies, a group specialising in the maritime and oil and gas sectors of Nigeria’s , is a member of the board. He holds 806,886,900 shares, or 3.96 per cent interest, valued at about N16.14 billion indirectly on behalf of Hermitage Overseas Corporation.
Also, Pascal Dozie, a Nigerian and founder of the defunct Diamond Bank PLC, is the Chairman of the Board of Directors. He holds 340,409,900 shares, or 1.67 per cent equity valued at N6.67 billion, indirectly, on behalf of Celtelecom Investment Limited, NISPVLimited.

 

 

Another Nigerian, Sani Mohammed Bello, a co-founder of AMNI Petroleum, an indigenous oil and gas exploration companies, is the vice chairman of the board. He holds 265,092,150 shares (1.30 per cent equity) estimated at about N5.3 billion indirectly on behalf of One Africa Investment Limited.
Babatunde Folawiyo, a Nigerian and Chairman/Chief Executive Officer of the Yinka Folawiyo Group, holds 218,815,100 shares, or 1.07 per cent equity, valued at N4.01 billion on behalf of Universal Communications NISPV Limited.
Similarly, Gbenga Oyebode, a Nigerian and founding partner of Aluko & Oyebode law firm, represents the interest of N-Cell NISPV Limited. He holds 181,776,250 shares, or 0.89 per cent equity, valued at N3.27 billion.
Ahmed Dasuki, a Nigerian and founder of Quaditect Consultants, represents NISPV Limited/ SASPV Limited, which controls 177,717,850 shares, or 0.75 per cent equity valued at about N2.89 billion.
Government Employees Pension Fund (Represented by Public Investment Corporation SOC Limited) were also listed as owners with 355,281,650 shares (1.75 per cent equity) valued at about N7.11 billion.
Also, Mobile Telephone Network N.I.C.B.V holds 559,720,150 shares, or 2.75 per cent, valued at about N11.19 billion.
Robert Shuter, Ralph Mupita, Jens Schulte-Bockum, Ferdinand Moolman, Paul Norman and Karl Olutokun Toriola serve as representatives of MTN Group on the Board of Directors of the company.
With the listing of the company’s shares on the NSE, MTN Nigeria becomes the first privately owned telecoms company in Nigeria to attain that status.
The listing of the company on the premium board of the NSE on April 18, , resulted in the change of the company from a private company to a publicly quoted telecoms company on the NSE.
MTN Nigeria, a subsidiary of MTN International (Mauritius) Limited, was incorporated in the Republic of Mauritius, with its ultimate holding company, MTN Group.
The company was incorporated on November 8, 2000. But, it did not commence operations until 2001. Since then, the company has remained in operations for almost 18 years in Nigeria.
MTN Nigeria is reputed to be Nigeria’s largest telecoms operators, with about 67 million subscribers, controlling about 39 per cent mobile market share.

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