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Showing posts from July, 2021

Dangote Refinery: Bailing Out The Unbailable - Investment Or Bailout?

  It was hailed as the best thing to happen in the oil and gas sector especially in Nigeria – a serial importer of crude products. The year was 2013 and in September of that year, Aliko Dangote, Africa’s richest man, announced yet another of his gargantuan projects – the construction of the biggest single train refinery in the world with production expected to begin in 2016. Many delays and postponements later, the project has been bogged down by barely serviceable debts, poor planning, lack of centralized project management, mismanagement and has now become a huge albatross on Nigeria’s neck costing the country lots of FX and creating huge problems in return. VALUATION A project that started as a 9billion dollars project is now being valued at over 16 billion dollars, albeit incorrectly. Sampling expert opinion from leading players in the oil & Gas industry, it is estimated that a refinery of that size should ideally cost within the range of 11 to 12 billion dollars to build i

Billions Across The World Eagerly Await The Grand Finale Of Healing Streams Live Healing Services With Pastor Chris

  Billions of people from across the world are glued to their devices for the Grand Finale of the 3 days epoch making Healing Streams Live Healing Services with Pastor Chris Oyakhilome.   The event which began on Friday July 9, 2021 and being translated in over 3000 languages has witnessed several miracles of healing and blessings. In the past two days, people all over the globe have tuned in to watch God’s Word at work.   “We have seen the glory of God, and His amazing love as expressed through the gift of healing freely given to everyone who believes. For two days, people from across the nations and territories of the world have lifted their hands in worship, praising him for the wondrous works that he has done in their sight. With billions of people participating across the world, this is the biggest broadcast event ever,” a statement from the Healing School, organizers of the Healing Streams Live Healing Services with Pastor Chris. All over the world, people gathered in

Why Lagos GAC, Tinubu, Others Must Investigate Alleged Certificate Scandal Of APC Candidates

Sequel to the recent allegations going rounds that some All Progressive Congress local government Chairmanship candidates are allegedly involved in certificate scandal, it is high time for Lagos Governing Advisory Council, Asiwaju Bola Ahmed Tinubu and other notable leaders of the party to investigate the allegations.   As 2021 local government election gathers momentum in Lagos State, this is the high time for Asiwaju Bola Ahmed Tinubu, Government Advisory Council (GAC) and party Leaders to intervene in the crisis rocking the party over alleged certificate scandal in other not to lose the golden chance to opposition party.   However all may not go as planned for the Lagos state All Progressive Congress as many of their candidates are fingered in certificate scandal that can pave way for the opposition parties to clinch some local government in the state.   The State leadership under Mr Tunde Balogun, now called 'Balo Dollar' maybe face with votes of no confidence

Bello Installed As The 41st Rotary District 9110 Governor, Calls For Service To Change Lives

  A past President and Chairman of Council, Lagos Chamber of Commerce and Industry, Remi Bello has been installed as the Governor, District 9110 of the Rotary Club International, for the year 2021- 2022.  Bello, a Fellow Chartered Accountant, Fellow Chartered Tax Practitioner and member Institute of Directors who was installed as the 41st Governor of the District at a glamorous event which was held in Lagos on Saturday, 3rd July, 2021, in his inaugural address called for more services to change lives.  According to him, the Rotarians and other guests who were at the event, were not for the feast, not to dance and even not to celebrate but to show that they care; that they are willing to join in promoting the Rotary theme for 2021-2022; ‘Serve to Change Lives'. He said, "we have a lot to do in our communities and society that we all know cannot be left to the government alone, so there is that urgent need to provide support and bridge the gap. Rotary has come to bridge th

MFM: Maureen Badejo in deeper trouble, Slammed by an Austria court

A court in Austria has given judgment to the case between Maureen Badejo and an Austrian MFM PASTOR kayode Owoduni Omowanile. If you will recall sometime last year, Maureen Badejo was running her mouth by levying fake allegations on different pastors of MFM around the world including the General Overseer of the ministry by slandering and alleging fraud and theft by means of peddling fabricated stories. Anyway, to cut the story short, she was sued by one of the accused and the Judgments is what you will find below. I would like to warn people who engage in evil journeys just to enrich themselves that the road may look rosy but the end there of is destruction. Kindly find attached the judgments of the Vienna Commercial Court with the suit number 17 Cg 50/20i - 31     FEMI OYEWALE