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Jubril Adewale Tinubu: The Extraordinary Corporate Disrupter in the Oil & Gas Sector

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Jubril Adewale Tinubu is a highly respected figure in the history of Nigeria’s Oil & Gas industry. His insights are backed by solid facts and figures, making him a true authority in the field. Whether you admire him or not, there’s no denying that he operates on his terms and has made significant contributions to the industry. For students seeking a degree or postgraduate qualification in the Oil and Gas sector, understanding the remarkable strides made by JAT (as he is fondly known in the industry) will offer valuable perspectives on upstream, midstream, and downstream aspects of the industry.

His audacious nature, resilience, risk-taking ability, foresight, and tenacity are qualities that students should pay close attention to. Moreover, his practical experience in the field, gained over three decades, is invaluable and cannot be taught within the confines of an academic institution; because he has seen it all by crossing the T’s and Dotting the I’s in the industry which he is currently staying afloat after 3 decades of investment and still winning.

JAT, a trained lawyer, has proven that his business success is not merely a product of his background. He displayed exceptional traits of greatness early in life, earning him the well-deserved title of “King of African Oil.” Instead of relying on family wealth, he focused on forming alliances and studying the market to achieve his goals. His journey from a Law student at the University of Liverpool to obtaining an LLM from the London School of Economics and eventually specializing in corporate law showcases his determination and commitment. Wale Tinubu has a proven track record in building successful businesses across the energy value chain.

In 1993, he co-founded Ocean and Oil Group, one of the first indigenous trading companies with extensive operations exporting Nigerian petroleum products. In 2000, during the Nigerian Government’s privatization exercise, Tinubu led Ocean and Oil’s successful bid for a stake in Unipetrol. While his peers were partying and spending their business proceeds on frivolities; he was busy investing in a terrain that was meant for the richest of the richest in the country. For him, opportunity meets preparedness; Two years later, he led the largest-ever acquisition of a quoted Nigerian company, with Unipetrol PLC’s purchase of Agip Nigeria PLC. The group was rebranded to Oando PLC in 2003. Instead of Wale being swallowed by the deep waters and eaten by the sharks in the oil and gas business; he was skilful enough to navigate through the waters to remain in business to date waxing stronger. While expanding; he became a headache for his competitors as he infused impeccable ideas into running his business conglomerate. He also infused some ideas to strengthen the Oando brand with the successful transformation of Oando from a petroleum marketing company to an integrated energy group, included in the downstream – OVH Energy (formerly Oando Marketing) and Oando Trading; midstream – Axxela Limited (formerly Oando Gas and Power) and upstream – Oando Energy Services and Oando Energy Resources.

With these impeccable ideas; he was able to transform and capture other aspects of the terrain which aims at developing not only the sector but also ensuring divesting into other terrain. In 2014, Wale through the OER led the $1.8 billion landmark acquisition of Conoco Phillips solidifying the company as the leading independent exploration and production company in Nigeria. OER has assets on and offshore in Nigeria, and the Exclusive Economic Zone (EEZ) of São Tomé and Príncipe. The portfolio which includes 14 licenses boasts of net average production of ~44,000 boepd, 2P reserves of ~ 485.3mmboe, 2C reserves of ~158.9 mmboe as well as extensive infrastructure including ~22,500km2 of combined acreage, ~483,000 bpd of oil handling capacity, ~3,663 mmscf/d (million standard cubic feet per day) of gas handling capacity, 3.5 mmbbls (million barrels) terminal capacity, and over 1,255 km pipeline network, amongst others.

JAT’s disruptive and transformative ideas have not only changed the fortunes of the oil and gas sector but have also set new standards for the industry. His pioneering efforts and strategic vision have been instrumental in shaping the energy landscape in Nigeria and beyond. In 2019, he was set to eliminate the operational constraints and inefficiencies in petroleum product importation into Nigeria, Wale led the successful divestment of Oando Marketing Limited to the Vitol Group, the world’s largest independent trader of energy commodities and Helios Investment Partner with a sale portfolio of $461 million. OVH Energy boasts the largest distribution value chain in Nigeria, with over 1,500 trucks, 50 million litres in tank farm storage capacity and over 400 retail station outlets dispensing PMS and other products. He pioneered the development of the first privately owned mid-stream jetty in West Africa which sits within OVH Energy’s business portfolio. In the same year, Oando divested from Axxela to a vehicle owned by Helios Investment Partners LLP (“Helios”), an investment of $160 million which focuses on the development and distribution of Nigeria’s natural gas. The company pioneered the private sector piping and distribution of natural gas to industrial and commercial consumers, successfully reviving private sector participation in Nigeria’s gas distribution business.

The witty and highly cerebral Wale despite having the heart of Hercules; is a man soft at heart. He loves to enjoy life but one thing he can’t stand is the face of people in distress. Despite being a very private person, who would rather spend time doing business or with his family; he is a very generous man with a large heart. His generosity is one thing that keeps him going. Those who have cried to him have always returned with smiles on their face because cheerful giving is part of his culture and personal lifestyle. Annually during fasting periods, Wale is known for silently reaching out to those Muslims faithful by distributing edible items and also meals. He also holds an annual lecture in memory of his late father; Oluwole Kafaru Tinubu where he also uses the avenue to touch people’s lives. As the generous money bag saunters into age 57 today; his joy knows no bounds and he is super excited with joy in his heart. He is feeling happy and ready to climb the mountain top to shout but one thing remains constant he stays in tune with his creator via prayers for a longer life in good health and wealth. Apart from his persona proceeds to help the needy; he also loves education. He has personally spoken against the educational deficit in the country which is why he thinks that a public and private partnership should be imbibed by many rich individuals and companies to bridge the gap in education for national development. This led to the founding of the Oando Foundation in 2011, with the mission to improve the learning environment in primary schools by holistically creating world-class basic education systems for the community; Wale personally spearheaded the Adopt-A-School Initiative (AASI). The initiative has adopted 88 public primary schools across Nigeria, supporting over 500,000 students, enrolled over 60,000 School Children, trained 3,000 teachers, promoted infrastructure rehabilitation of 300 classrooms (renovation and new build) and established 40 solar-powered digital learning centres.

For Wale, his best is yet to come as he has lots of ideas in the pipeline and also plans to divest more and take over critical sectors of the economy. His success is not by fluke but by sheer dint of hard work and his passion for the development of Nigeria. Despite his dreams gradually becoming reality; Wale is not relenting on his oars until he finally holds a stake in the Oil &Gas sector in Africa and by extension the rest of the world putting Nigeria on the world map.

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Kindness Defeats Witchcraft: Apostle Suleman’s Cross-Over Lecture at ‘Mercy Night’

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Evil is very much alive and well in this world. We are reminded of this fact as we see it play out almost often. Although evil occurs and serves as a stark reminder of the cruelty that exists within humankind, showing kindness can easily defeat evil acts, which is witchcraft, lectures popular servant of God and General Overseer of the Omega Fire Ministries (OFM) worldwide, Apostle Johnson Suleman.

 

At the ministry’s Cross-Over service on Tuesday 31st of December, 2024 tagged ‘Mercy Night’, the Restoration Apostle, ably present with his wife, Reverend Lizzy Suleman, warned us to “never avenge ourselves”. To the contrary, Apostle Suleman cautions; “do not be overcome by evil, but overcome evil with good”.

 

Usually, the natural response of man when he is hurt is to hurt back. But, Suleman says “God tells us something different”, quoting Romans 12:19–21: “Vengeance is mine, I will repay. If your enemy is hungry, feed him; if he is thirsty, give him something to drink; for by so doing you will heap burning coals on his head. Do not be overcome by evil, but overcome evil with good.”

 

According to the servant of God, not only should you refuse to take revenge, but you should intentionally do good to those who you would consider your enemies. Showing them love and kindness would so confuse and frustrate your enemy that the result would be them turning to God.

“If you want to see witchcraft being rubbished in your life, engage In kindness. To recover means to regaining possession. To recover means a comeback, the return of control. To recover means to improve and to become better. To recover is renewal,” Suleman teaches, suggesting that hate must not define us.

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Lagos History Comes on Screen as Jide Kosoko Shoots Esugbayi Eleko

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In a groundbreaking development for Nigerian cinema, renowned actor and producer, Prince Jide Kosoko is set to bring the compelling story of Lagos’ rich history to life with the production of Esugbayi Eleko. This film promises to be a cinematic exploration of the pivotal events that shaped colonial Lagos, blending drama, history, and cultural pride in a way never seen before.

The film focuses on the life and times of Oba Esugbayi Eleko, Herbert Macaulay and Alimotu Pelewura, some of Lagos’ most iconic figures in colonial Lagos and the absolute support and loyalty of the Idejos to the cause spareheaded by Oba Eleko.

Set in the early 19th century, Esugbayi Eleko delves into the challenges of Oba Esugbayi’s reign during the colonial era, his resistance, alongside Macaulay and Pelewura against British imperialism, and the cultural resilience of the people of Lagos.

Audiences will be transported to a Lagos colony grappling with the intersection of tradition and modernity, as well as the political struggles that defined an era. The movie captures not just the story of a man but the heart and soul of a people fighting for their identity.

What makes this project even more significant is that it is spearheaded by Prince Jide Kosoko, himself a Lagosian and a descendant of royalty. As a Prince of Lagos, Kosoko’s personal connection to the city’s history adds an unparalleled depth and authenticity to the storytelling.

“I have always dreamed of bringing the story of Lagos to the screen in a way that does justice to its complexity and grandeur,” Kosoko said during a press conference. “Oba Esugbayi Eleko was not just a king; he was a symbol of resistance, wisdom, and cultural preservation, these he did with his alliance with Macaulay, a prominent Lagosian and nationalist and Pelewura, one of the most enigmatic market women leaders in history. This story deserves to be told, and it’s a privilege to bring it to life as someone who shares in this heritage.”

Esugbayi Eleko will be one of the first major films to authentically portray part of the history of Lagos and the significant events of the colonial era. Unlike most historical movies that rely on generalized narratives, this production is rooted in meticulous research and deep cultural insights, offering a vivid retelling of key moments that shaped the city’s identity.

Kosoko’s production team has announced that the film will feature some of the best technical hands in the industry. Renowned cinematographers, award-winning set designers, and a host of top-notch costume designers will collaborate to recreate the colonial Lagos of the early 19th century.

“We are committed to authenticity,” Kosoko emphasized. “From the fabrics and architecture to the language and cultural practices, every detail will be carefully curated to ensure the audience is fully immersed in the world of Esugbayi Eleko.”

In addition, the production will employ cutting-edge filmmaking technology, including advanced CGI and motion capture, to seamlessly recreate historical settings and grandiose moments. Lagos of old will be brought to life in breathtaking detail, ensuring that audiences can fully experience the grandeur and challenges of the era.

The film will feature a cast of highly professional role interpreters, many of whom are seasoned veterans of the Nigerian film industry. While specific casting details are still under wraps, industry insiders suggest that the production will include some of the most respected actors, alongside a few emerging stars.

Kosoko also revealed plans to take Esugbayi Eleko beyond Nigerian borders. The film, according to him, will be good enough to participate in major international film festivals and distributed globally, ensuring that Lagos’ story reaches a worldwide audience.

“This is more than just a film; it is a legacy project,” Kosoko concluded. “Lagos is a city of resilience, beauty, and culture, and Esugbayi Eleko is our chance to showcase that to the world. We owe it to ourselves, our ancestors, and future generations to tell this story.”

As anticipation builds for Esugbayi Eleko, it is clear that this production is poised to be a defining moment in Nigerian cinema, a testament to the power of storytelling, and a celebration of Lagos’ enduring legacy.

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Agbado Youths Celebrate Historic Succession, Rally Support for Prince Akintoye as King

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Agbado Community in Ogun State erupted in jubilation on December 27, 2024, as the youths led the town in a grand end-of-year celebration to honor the historic succession of the late patriarch, High Chief Anthony Kayode Akinrinade, by his son, Prince Akintoye Olusola Akinrinade.

The event marked a significant milestone in Agbado’s journey toward justice and stability following a prolonged Obaship crisis that stifled the community’s development for over three decades. The crisis, marked by legal battles and defiance of court orders with suit number CA/IB/75/2020, was recently resolved by the steadfast judgment of the Court of Appeal, Ibadan Division. The court ruled in favor of Prince Akintoye Olusola as the rightful successor, allowing him to continue the legal fight to restore order and dignity to Agbado.

 

For 35 years, Agbado thrived as a hub of agricultural trade and economic prosperity, with 147 villages under its jurisdiction. However, internal strife caused by selfish ambitions led to stagnation and disunity. The High Court delivered a landmark judgment five years ago, but resistance by a self-proclaimed monarch delayed the community’s progress.

On the 30th of October, 2024, the Court of Appeal officially recognized Prince Akintoye Olusola Akinrinade as the ‘Stand-In’ Plaintiff, a move that has rekindled hope for the community. This recognition also symbolizes a continuation of the legacy of the late High Chief Anthony Akinrinade, whose leadership was revered by all.

The festive event, organized by the Agbado Youth Forum, drew dignitaries, elders, chiefs, and community leaders. Baale Patoko, a key figure in the community, expressed optimism about the succession, stating, “The whole of Agbado strongly believes that by 2025, Prince Akintoye will be crowned king, bringing renewed peace and progress to our land.”

Pa Theophilus Amodu, a respected elder, praised Prince Akintoye’s exemplary character, noting, “He has taken after his father in good deeds and enjoys the trust and respect of the people.”

Mr. Amodu, President of the Agbado Youth Forum, echoed this sentiment, affirming the unwavering support of the youth for Prince Akintoye’s emergence as king. “His leadership will undoubtedly usher in peace, harmony, and development in Agbado,” he said.

The event concluded with renewed hope and determination among the people of Agbado, who are confident that Prince Akintoye’s ascension to the throne will mark the beginning of a new era for the community.

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