BY the time Bola Tinubu is done, he would become the richest President in the world. In September 2023, Tinubu used Oando Plc, to acquire four oil blocs, Oil Mining Leases (OML) 60, 61, 62, 63, belonging to Agip Nigeria.
As at early 2023, Oando debts was estimated to be about N480billion.
And in 2022, Oando was on the verge of voluntarily delisting from the capital market due to the enormous losses. How the company suddenly became buoyant to acquire 100 per cent stakes of the lucrative four oil blocks in Niger Delta, remains a mystery.
Insiders in Agip told me that the four oil blocs are owned by Tinubu who has been nursing the ambition of owning oil blocs for years. His emergence as President has now provided him the opportunities to own as many as he wishes.
This is one of the reasons the Diaspora worldwide protest against Tinubu becomes necessary!
