Egbon Bayo is the GCEO of the enormous NNPC. Well, he has been reported to have introduced that they have been promoting 5% of the inefficient company to fairness buyers. He can also be mentioned to have talked about that they’d be dual-listing and all of that form of factor.
You see, once I was shouting in regards to the Board composition of that JP Morgan, you folks have been accusing me of shouting wolf.
This is the goal, so that they both white-labelled the factor in preparation for this provide or simply positioned themselves for this mandate, and we’re right here shouting FDI when the N50billion they paid to come back in with their portfolio won’t even pay a bonus for one govt of their New York headquarters.
Anyway, my very own could be very easy. Why promote solely 5%? Please promote the entire thing. The authorities ought to transfer away and keep on the Ministry of Petroleum and regulate in order that the NNPC will be run effectively and pay licensing charges, tax, VAT and different such income gambits to the federal government.
Selling 5% is treating pimples for leprosy. Sell the entire rattling factor, make we hear phrase. Even if you wish to promote to yourselves, promote it; the secondary market will maintain that. Just promote the entire thing.
What is 5%?
That is taking part in “boju boju” with our future. If you’re promoting, SELL. If you aren’t promoting, don’t promote, make we relaxation abeg. Kai.
