One of the last moves by Goodluck Jonathan at presidential post
turned out to be unexpected for many of those involved. President of
Nigeria sends an investment project in Lagos worth $0.5Bn to a trash bin
with a single stroke of his presidential pen shortly before leaving
office.
President of Nigeria sends an investment project in Lagos worth $0.5Bn to a trash bin with a single stroke of his presidential pen shortly before leaving office.
President of Nigeria sends an investment project in Lagos worth $0.5Bn to a trash bin with a single stroke of his presidential pen shortly before leaving office.
President Goodluck Jonathan decided to do something unexpected at the
end of his rule. With a single stroke of his pen he moved a $0.5Bn oil
and gas investment project from Lagos to Agga in his native state of
Bayelsa.
The multimillion dollar investment project designed to build one of the
biggest floating storage of oil products in the world able to offload
oil and gas related cargoes.
It has potential to make Nigeria the largest oil and gas hub in West
Africa. This project is the collaboration between LADOL Integrated
Logistics Enterprise and Samsung Heavy Industries and will take five
years to bring it to life.
The Managing Director, LADOL Integrated Logistics Enterprise, Dr Amy
Jayesinmi, described the decision to relocate the project after it
already has reached an advanced stage as a diversion and ill-conceived
decision capable of destroying investors’ goals completely.
It was her reaction to the presidential directive set out in two letters
signed by a general manager with the Nigerian Ports Authority (NPA) Mr
A.B Mohammed on behalf of the new NPA Managing Director, Sanusi Lamido
Ado Bayero, who was appointed by GEJ recently. It is rumored that
Sanusi Lamido Ado Bayero controls Intel, an oil and gas logistics firm
in Rivers State – an allegation he strongly denies.
“Pleased be informed that Mr President has vide PRES/99/MT/2/22 of April
20 approved the FPSO project be relocated to Agga in Bayelsa State when
the facilities to handle such operations are developed” – it was said
in one of these letters.
Nevertheless, Dr Amy Jayesinmi expressed her opinion that there’s
absolutely no point in relocating project from Lagos to the outgoing
president’s home state.
“NPA has an office in LADOL Free Trade Zone. NPA had severally
said LADOL is the largest private investor in its facility. By the end
of 2017, LADOL would have invested $500million in NPA facility.
Technically, it is not appropriate for the project to be relocated to
Bayelsa”, told Amy Jayesinmi press, adding: “we got the two letters the
same day: a day after the appointment of the new MD of NPA. I want to
make it clear that we (LADOL) do not have problems with NPA because they
are using our facility”.
President Goodluck Jonathan has sacked the Managing Director of the
Nigerian Ports Authority (NPA), Mr. Abdullahi and has approved the
appointment of Sanusi Lamido Ado Bayero as his replacement two weeks
