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President Buhari congratulates Dr. A.B.C. Orjiako at 61

ABC Orjiako is the Chairman and co-founder of SEPLAT, a leading Nigerian independent oil and gas company listed on the London and Nigerian stock exchanges with a strategic focus in the Niger Delta of Nigeria.

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A.B.C Orjiako
Dr. A.B.C Orjiako

President Muhammadu Buhari has sent a felicitation message to Dr Ambrosie Bryant Chukwueloka Orjiako (popularly known as A.B.C Orjiako), chairman of Seplat Energy Plc, as he turned 61 today, October 1, 2021.

The President, according to a statement by Femi Adesina, special adviser to the President (Media and Publicity), salutes the orthopaedic and trauma surgeon-turned entrepreneur, major player in the indigenous oil and gas industry, as well as renowned philanthropist, for the efforts of his company to meet the energy transition and power targets of the country.

President Buhari congratulates the Orjiako family, their friends and associates on the happy occasion, praying for long life, good health, and greater strides for the astute investor.

The Man ABC Orjako

A.B.C Orjiako is the Chairman and co-founder of SEPLAT, a leading Nigerian independent oil and gas company listed on the London and Nigerian stock exchanges with a strategic focus in the Niger Delta of Nigeria.

After obtaining an M.B.B.Ch. degree in 1985 from the College of Medical Sciences, University of Calabar, Nigeria, he trained as a General Surgeon at the Lagos University Teaching Hospital, Lagos.

He later sub-specialised in orthopaedic and trauma surgery and became a fellow of the West African College of Surgeons in 1996. In 2006, he completed the OPM program of the Harvard Business School.

He established and managed various companies in the upstream, downstream and service sectors of the oil and gas industry in Nigeria.

These include Abbeycourt Trading Company Limited, Abbeycourt Energy Services Limited, Zebbra Energy Limited and Shebah Exploration and Production Company Limited.

He also has other business interests in construction, real estate development, pharmaceuticals and shipping. He went into full-time business in 1996 after eleven years of active medical practice.

In 2009, his company Shebah Exploration and Production Company and Platform Petroleum Limited co-founded SEPLAT. Since inception, he has remained the Chairman spearheading new business development and providing leadership on strategy and stakeholder relationships.

Under his leadership, the company has become a highly reputable Nigerian Independent recording several milestones comprising successfully closing landmark acquisitions, growing the company’s oil and gas production exponentially and becoming a well-run company with strong and transparent governance.

He has steered the company, in the space of five years, to steadily emerge a global brand while attaining its remarkable growth aspirations.

Under his watch, the company pioneered dual listing of its shares on the Nigerian and London stock exchanges in 2014.

In recognition of the company’s achievements, SEPLAT recently won the Best Africa listing 2014 award by Africa Investors (Ai), “Mid-Cap Company of The Year 2014” award by the Oil and Gas Council and was named a “Global Growth Company 2014” by the World Economic Forum in 2014.

Dr. ABC Orjiako is on the board of companies in various sectors; he is the chairman of Neimeth Pharmaceutical International plc, which is listed on the NSE; a director of MPI, which is listed on NYSE Euronext Paris and a director of Leadway Assurance Company Limited.

By invitation of the London Stock Exchange, he became a founding member of the London Stock Exchange Group’s Africa Advisory Group (“LAAG”), a select group working towards generating and channeling ideas and problem solve towards the issues affecting the African continent from a commercial and social perspective.

Consolidating his firm commitment to philanthropy, he founded the Daniel Orjiako Memorial Foundation (‘‘DOMF’’) in 1996 in honour of his late father, Chief Daniel O. Orjiako.

Since inception, the DOMF has executed numerous programmes in rural Nigerian communities in education, healthcare services and economic empowerment through agriculture aimed at providing welfare and breaking the poverty cycle.

In recognition of his services to humanity, Pope John Paul II in 2003 bestowed on him a Knighthood of the Order of St. Gregory the Great (KSGG).

He has received numerous awards and recognitions for his service to humanity and his entrepreneurial achievements. Some of these notable awards include the Distinguished Alumnus Award and Doctor of Sciences (D.Sc. Honoris Causa) by the University of Calabar, Nigeria in 2001; Platinum Award of the West African College of Surgeons in 2006;  National Honours as an Officer of the Federal Republic (“OFR”), conferred on him by the President of Nigeria in 2012; the coveted Zik (Nnamdi Azikiwe) Prize in the Professional Leadership category by the Public Policy Research and Analysis Centre (PPRAC) and African Business Executive of the Year 2014, by the Oil and Gas Council.

Dr. ABC Orjiako was born and raised in Nigeria. He is happily married with four children.

(Part of this report was culled from EnergyCouncil.com) 

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EFCC: Former Governor Of Kogi State, Yahaya Bello Fails To Show Up In Court, Says He Is Scared Of Arrest

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The embattled immediate past Governor of Kogi state, Yahaya Bello, says he would have appeared at the Federal High Court in Abuja to answer to the 19-count charge preferred against him by the Economic and Financial Crimes Commission, EFCC, but is afraid he would be arrested.

Though Bello was absent for his arraignment today April 23, His team of lawyers addressed the court on his behalf.

A member of his legal team, Adeola Adedipe, SAN, had this to say on his behalf;

“The defendant wants to come to court but he is afraid that there is an order of arrest hanging on his head,” Adedipe, SAN, submitted.

Adesipe then appealed to the court to set aside the exparte order of arrest it earlier issued against the former governor. The lawyer contended that as at the time the order of arrest was made, the charge had not been served on his client as required by the law.

He argued that it was only at the resumed proceedings on Tuesday that the court okayed substituted service of the charge on the defendant, through his lawyer.

“As at the time the warrant was issued, the order for substituted service had not been made. That order was just made this morning. A warrant of arrest should not be hanging on his neck when we leave this court,” counsel to the defendant added.

According to him, the Federal Government did not consult the 36 States of the federation before it enacted the EFCC Act through the National Assembly. He argued that section 12 of the 1999 Constitution, as amended, required the various Houses of Assembly of states to ratify the Act before it could become operative.

“This is a very serious matter that borders on the constitution and the tenets of federalism. It has to be resolved because as it stands, the EFCC is an illegal organization,” Bello’s lawyer added

However, EFCC’s lawyer, Mr. Kemi Pinheiro, SAN, urged the court to refuse the application, insisting that the warrant of arrest should not be set aside until the defendant makes himself available for his trial.

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Nigeria Has Secured $2.25B World Bank Loan With An Interest Rate Of 1% – Minister Of Finance

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The minister of Finance and coordinating minister of the economy, Wale Edun has announced that Nigeria has secured a $2.25bn World Bank loan with a 1% interest rate.

While speaking at the annual meetings of the International Monetary Fund (IMF) and World Bank Group on April 20, Edun disclosed that the loan was approved by the board of directors of the World Bank, and offers a 40-year term, a 10-year moratorium, and a one percent interest rate.

He said;

“If you look at the fact that we have qualified for the processing, just this week to the board of directors of the World Bank of a total package of $2.25 billion.

“There is no such thing as a free lunch but it is the closest you can get to free money. It is virtually a grant. It is about 40 years, 10 years moratorium and about one percent interest. That also is part of the flow that you can count.”

He added that Nigeria also secured similar budgetary support and low-interest funding from the African Development Bank (AfDB). Edun said;

“Clearly, there are also ongoing discussions with foreign direct investors. Some of these things take longer than you expect but they are relatively advanced discussions on major foreign direct investments flows into the country, specific transactions with specific companies, institutions, and authorities.”

This news has however stirred different reactions from citizens as not everyone agrees with the idea of Nigeria borrowing money.

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Update On How Bobrisky Is Treated In Prison – Top Official Discloses

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Top official of the Nigerian Correctional Service has given an update on how crossdresser, Bobrisky is being treated in prison.

Recall that Bobrisky was handed a six-month prison sentence over naira abuse. While sentencing him, Justice Abimbola Awogboro of the Federal High Court in Lagos, said the judgment would be a deterrent to others who are found abusing and mutilating the naira.

An official of the prison who spoke to Punch said the crossdresser was taken to prison after the judgement and he was examined at the point of admission. It was also stated that no realignment of gender or genital organ was discovered as his male biological features were the same.

The source told the publication;

“Bobrisky made a public declaration that he was a male and court proceedings are public records. Every inmate brought into a facility during admission is examined. He was equally examined and no realignment of gender or genital organ was discovered. The male biological features were the same.

“After that, a cell was allocated to him, and he had a certain number of inmates with him. A bed space was also allotted to him. It is just like a boarding house where your housemaster will issue you your personal belongings.

“When it is time for class, he attends. When it is time for food, he will go and get his portion. The same goes with prep and light out. He observes all these without preference. He has been going about his business just like other inmates since he was brought in here.

“He is not getting any five-star treatment and is not being protected from anybody. He follows the same rules and regulations just like every other inmate. Single cells of isolation cells are to prevent outbreaks of communicable diseases.

” In a male prison, homosexuality is outlawed and it is a grievous offence. Sodomy or homosexuality, is frowned upon here in the custodial centre. So any inmate that tries to violate him will face the law.”

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