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Lagos State Government Builds Multi-million naira Lekki Estate Ferry Terminal

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Lagos State Governor, Mr. Babajide Sanwoolu is living  up to his campaign promises to make the state  more convenient to live for resident as well and one of the most beautiful states in Africa.

 

The governor since he got elected in 2019 hit the ground running improving the State’s socio-economic development, as well as security of lives and property, carefully fulfilling  the six pillars of the T.H.E.M.E.S development agenda.

“The acronym, T.H.E.M.E.S, represents the six pillars of the State’s strategic development agenda, namely: Traffic Management and Transportation, Health and Environment, Education and Technology, Making Lagos a 21st Century Economy, Entertainment and Tourism, as well as Security and Governance”.

The administration has again scored more points with construction of Lekki Estate Ferry Terminal in Lekki Phase 1, Lagos.

The construction of the project that is expected to commence in September, 2022 and complete under 12 months plans to support Lagos state on its mission to develop a multi-modal transport infrastructure through the delivery of a safe, efficient and affordable means of alternative transport on the inland waterways for the people and business of the state.

It is part of government effort to solve the transportation challenges in the state through the development of an efficient integrated multi-modal transportation system by encouraging private investment  in the sector. The project is in conjunction with Lekki Estate Ferry Terminal Limited and Plaform Capital who is investing millions of dollars for the project.

The infrastructure component of the project includes Shopping malls, car parks that would accommodate over 200 cars, floating restaurants and lounge, health safety and environmental services

The project is also aims to develop a ferry terminal along Admiralty way water front in Lekki Phase 1 belonging to Lagos state Ministry of Transportation, procure state of the art passenger ferries and operate water transportation services for the citizens residing in Lekki, Ajah, Igbo Efon, Ikota, Awoyaya, Lakowe, Sangotedo and its environs.

It is also intended to complement the efforts of state government in addressing the critical infrastructure shortage and bringing the dividend of democracy to the people through collaboration under a Private Partnership (PPP) with Lekki Ferry Estate.

Lekki Estate Ferry incorporated as an SPV to build, manage and operate maritime passenger and freight services. The company will offer transport services through its fleet of ferries with routes that include Lekki to Marina, Lekki to Ikorodu, among others.

 

 

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Oando AGM: Shareholders Laud Tinubu, Board

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In business, Nigerian oil and gas top player, Jubril Adewale Tinubu, continues to set the pace. He wears his entrepreneurial strength and savvy like a badge of honour. For this Group Chief Executive of Oando Group, he stands tall as he wades through odds with the confidence of a champion. He isn’t afraid to put everything on the line and boldly step into the unknown. That’s why he makes history every hour as the head honcho of a leading oil firm with wide influence in Nigeria’s economic and business sector.

Last Wednesday, August 10, 2022, Oando successfully concluded its 43rd Annual General Meeting (AGM), at the Wings Office Complex, Victoria Island, Lagos. In line with COVID safety protocols, shareholders were represented by proxies of their various associations at the AGM.

The shareholders laud Mr. Tinubu for his capacity and capability to steer the affairs of the company to success.

According to  reliable sources, the resolve of the shareholders to entrust their money  with Oando is proof of their abiding belief in the management led by Tinubu, who has continued to display rare leadership qualities.

Again it was gathered that all resolutions proposed at the AGM were approved, including the election of Mrs. Nana Fatima Mede and Mrs. Ronke Shokefun as Non-Executive Directors, the election of Adeola Ogunsemi as an Executive Director, the re-election of Ike Osakwe, Ademola Akinrele and Dr. Ainojie Irune as Directors, the election of audit committee members, and the approval of the remuneration of non-Executive Directors.

Shareholders at the meeting commended Oando’s management for appointing two women to the Board of Directors. Patrick Ajudua an Oando shareholder said: “I want to commend the management for the appointment of Mrs. Ronke Shokefun and Mrs. Nana Mede as Directors, and we hope that they will bring value to us.”

 

Buttressing Mr. Patrick’s comment, Dr. Farouk Umar, an Oando shareholder said; “I thank you for bringing two women to the board. This is a happy development, I hope that when we have a casual vacancy, we should fill it with a woman.”

One recurrent topic among all shareholders who spoke at the meeting was the issue of insecurity in the country such as vandalism, banditry, and terrorism amongst others. Shareholders implored the government to partner with various stakeholders both in the public and private sectors to resolve this issue which they described as crippling the economy.

Commenting on this, Patrick Ajudua said, “I want to assure you of our support to Oando and once we can solve these lingering issues of oil theft, we will be able to enjoy the fruit of our labour.”

Leaders of the various shareholders and proxies encouraged Oando’s management to focus on corporate actions that would be beneficial to all. Specifically, one shareholder applauded the company’s recent partnership with Lagos State for the launch of electric mass transit buses. They also encouraged the management team to maintain its tenacity in striving for company growth.

In addition, the motion to re-elect Ernst and Young (EY) as Auditors of the company wasn’t proposed following confirmation by Mrs. Ester Ajibola, the representative of Ernst and Young at the AGM, that EY has resigned as auditors of the company following years of successful service. She confirmed that the resignation had nothing to do with Oando or its management. She said, “there are no circumstances connected with the resignation that should be brought to the notice of the members or creditors of the Company.’’ In view of this, Oando has confirmed the appointment of BDO Professional Services as its Auditors

In response to shareholders’ statements, the GCE, Oando PLC, Adewale Tinubu, reaffirmed the management’s commitment to continually do what’s in the best interest of shareholders.

Now with Oando in the ‘safe hands’ of Tinubu, industry watchers are of the views that the best of the company may have not yet been seen.

 

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Air Peace Boss, Allen Onyema,  Flying Like An Eagle

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With his huge body of work available as evidence, no wise person will dare bet against the indefatigable Air Peace Chairman, Allen Onyema, as he focuses again on performing new streaks of magic.

The aviation top shot is not one of your run-off-the-mill businessman. In several ways, he has proved to be head and shoulders above several competitors in the industry having proved himself to be one of the few Nigerians that rub shoulders with other top executives around the world.

From law to aviation, this great achiever has soared high on the wings of his uncommon brilliance and business acumen to become a shinning light in the sectors.

Like the majestic eagle, he perches atop the leading airline, Air Peace. Vigilant-eyed and sharp-nosed, he has never disappointed his mentees and admirers, and he doesn’t look like he’s going to start now.

After delivering such a resounding slap to the face of his numerous doubters who insist on remaining blind and deaf to his incontestable greatness, he has continued to do triple digit successes in all of his endeavours.

While many of his counterparts continue to groan in the midst of unforeseen economic hardship, Onyema’s has kept with the quote of a notable Zimbabwe politician, Roy Bennett that says, “Your hardest times often lead to the greatest moments of your life. Keep going. Tough situations build strong people in the end.”

Under his watch, Air Peace has confidently kept to this vision of providing seamless connections and expanding existing network to accommodate the evolving air travel needs of the flying public.

Few  weeks ago, the airline expanded its network to Asia with the commencement of a direct one-weekly flight to Guangzhou, China.

It was gathered that a total of 240 passengers were carried out from Lagos directly to China on its Boeing 777 aircraft, while it also plans  to connect Beijing, Shanghai, others from Nigeria and utilising interline arrangement with Asian airline, soonest.

Many would recall that Air Peace successfully operated several evacuation/special flights to the country at different times in the past, especially in 2020, during the COVID-19 lockdown. After entering the China air travel market, Air Peace is now focused on growing its route networks to India and Israel.

Onyema began to show traces of greatness early in life. As a child, his dream was to become one of the greatest businessmen in the world. Luckily, providence has granted him his heart’s desire.

He has been able to stand tall despite all odds against him particularly in his business is what astounds many.

But what they don’t understand about this lawyer cum entrepreneur is that he was born with the proverbial lucky star.

Nevertheless, he has never taken the grace of God in his life for granted.

All his life, he has always aimed for the best. Even so, he has an abiding trust in the almighty God. He remains unshaken even when things are difficult and seem almost impossible to actualise.

Earlier in life, he started off as a lawyer and later ventured into the real estate business. As fate would have it, he again joined the players in the aviation sector.

Today, he’s regarded as one of the major players in West Africa’s Aviation Sector.

He is graceful in his fine grasp of business intricacies, with a very strong sense of deep erudition in discussions, especially in the area of aviation as well economic development in Nigeria. Also, he  has deep fountain of knowledge and a shining light in the business firmament.

Those close to him revealed that he has remained relevant based on his wonted tenacity and doggedness.

No doubts, evidence abounds. Despite a series of negative media attacks targeted at maliciously denting the reputation he has built over the years with dedication, selflessness and hard work, he has always been vindicated.

The cosmopolitan business magnate, who had sowed in tears, is currently reaping bountifully, as his airline, Air Peace, is being showered accolades by all for its seamless services and good customer relations.

Leveraging on his intelligence in the business, Onyeama has been able to move his company from an indigenous airline leasing a few planes to owning fleets plying international routes; thus, putting Air Peace in the leagues of industry players in Africa and the rest of the world while also according Nigeria the great prestige she deserves among the comity of nations.

He has created well over 5000 jobs through the establishment of Air Peace in 2014. And in less than eight  years, the airline has grown to own the largest fleet in West Africa.

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Araoyinbo Scores Another goal, Emerges 21st Ondo Commerce Chamber president

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It was yet another beautiful milestone for Irun-Akoko. Ondo State-born entrepreneur and philanthropist, Honourable Olugbenga Araoyinbo, on Friday, when he emerged the President, Ondo State Chambers of Commerce, Industry,Mines and Agriculture (ONDOCCIMA).
Araoyinbo, a former Majority Leader of the Ondo State House of Assembly, was elected president at the chanber’s Annual General Meeting, held in Akure, the Ondo State capital.
Araoyinbo is also incumbent President of Akoko Chamber of Commerce, Industry,Mines and Agriculture, AKOCCIMA.
All elective positions were filled by respective candidates from the different Chambers under ONDOCCIMA
In his acceptance speech, Araoyinbo promised to build on the legacies of the founding fathers as bequeathed to their generation for onward delivery to the next generations.
Excerpts of his acceptance speech:
ACCEPTANCE SPEECH OF OTUNBA HON.OLUGBEMIGA ARAOYINBO, AS PRESIDENT-ELECT OF ONDO STATE CHAMBERS OF COMMERCE, INDUSTRY, MINING AND AGRICULTURE [ONDOCCIMA] ON THURSDAY,14TH JULY,2022.
I would like to begin my acceptance speech as the 21st President of this great Association by giving thanks first to Almighty God the Author and Captain of our Souls for making us realised the dream of this day and to renewed my covenant with God before the public to use all my God-given potentials to serve this great Association.
I wish to extend my deepest respect and appreciation to all the leaders and members for their strong support most especially the founding fathers of ONDOCCIMA who through their sweat and dedication build this enduring legacy bequeathed unto us and the incoming generation to benefit.
I wish to start my appreciation by thanking the immediate Past President and the executives whose tenure ends this moment that paved way for my emergence and my executives for her tireless leadership of this great Association.
It will be an honor and a great privilege to follow her footsteps and to build upon the tremendous progress and legacies of her accomplishments recorded during her tenure as President.
She has been a champion for OSCCIMA leading an executives sailing the ship of this association to a peaceful harbor not that they simply weather some stormy seas during the ravaging Covid–Pandemic but led the Association to emerge stronger and united every time in those critical moments.
I am confident that the out-going executives will not abandon my executives as we will be in need of your experience to navigate this Association throughout our tenure.
In the spirit of sportsmanship, I wish to extend my hands of fellowship to every member regardless of their tendencies during the election.
I greatly look forward to your support in taking ONDOCCIMA to a greater level and I wish to say Big Thank You to the Adhoc Committee that supervised this free and fair election that graciously prepared and guided our members to mid-wife this smooth transition and change of baton.
I stand before you and deeply touched and inspired by your generosity to me in terms of the massive votes freely given to me and your words of congratulations and encouragement is an elixir propelling us to hit the ground running..
With boundless gratitude for the confidence reposed on me and the new executives by the members of this great association and with an unwavering resolve to honor that trust, I humbly accept my victory as the President-Elect of this great Organization, ONDOCCIMA.
I am deeply honored to become the new President of this great association and with God on my side I wish to also reassured our members that I will try as much as possible to lead a high performing Team of executives and we shall delivered on the mandates of our respective offices by fulfill all our election campaign promises and even do more.
Distinguished Members, I promise to play by the rules and at all time will be fair and extend equitable distributions of all opportunity to all members without discrimination.To those concerned about the strength of ONDOCCIMA.
I promise that with my Executives we are going to restore those great values by partnering with those who beliefs in the progress of our Association as we will fight to preserve and sustain ONDOCCIMA.
I will lead a team that will sustain the vision of our founding fathers by building a very strong and united ONDOCCIMA through an open door policy in my tenure. Distinguished Members, I wish to state on record here that My tenure will be build on the following cardinal principles and this is Our Future Outlook:
[1] I will work towards securing a land to build for our Association a befitting secretariat that will be ICT driven with global standard.
[2] Create opportunity for Local and International Conferences, Workshops and Exhibitions for All our Members
[3] Open our doors for positive collaborations and networking with Organisations and individuals to cross pollinate new and modern ideas and strategies to the benefits of our members.
[4] Prompt dissemination of up-to-date information to All our members to ginger their exposure to global best practices.
I will not conclude this address without thanking my immediate family and friends for their unflinching support allowing me to take up this uphill task to serve humanity in this regard-I love you and will remain grateful for ever.
Wishing you all the very best as we begin another historic chapter in the life of our great Association under my Watch….God bless you All.
Your Sincerely,
OTUNBA.HON.OLUGBEMIGA ARAOYINBO, Fmr,MHA

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