emmanuel njoku

Dredging and Marine

[emmanuel njoku @emmanjoku46]

Run Away From Drugs

[emmanuel njoku @emmanjoku46]

@UNOFFICIALFACT In 2023, Landlord ensured that all the ward results Collated at each Local Council Centers in Rivers State were neither counted nor announced until he did his magic.
In 2027, both Rivers and Abuja will be the last results to be announced if there isn't a plan to counter it..

[Chetuya Chinagolum @Chetuyachinago]

This tweet sets up an incredibly dishonest and fundamentally misleading narrative.
Victor here is peddling the absurd idea that foreign businessmen are prospering in Nigeria simply because they read the policy manuals and "do extensive research" while struggling Nigerian importers and traders are being crushed purely because they are not "doing basic research".

First of all, the Chinese importers taking full advantage of the Free Trade Zones(FTZs) in Lagos to flood the country with mass-produced goods without paying customs import duties, VATs, or government levies, while enjoying multi-year corporate tax holidays, did not magically discover these zones through a casual Google search, or some deep independent research. They know these zones exist because the Chinese state literally financed the infrastructure and directly owns 60% of the equity in Phase 1 (the industrial and commercial zone) through a consortium of state-backed giants like CCECC and CRCC, while the Lagos State Government holds the remaining 40%.
The Southeast quadrant is completely monopolized by Aliko Dangote, which is where his massive petroleum refinery, fertilizer plant, and petrochemical complex sit. The Northwest quadrant is another massive master-planned joint venture, Alaro City, partnered between the Lagos State Government and Rendeavour( a private urban land developer).
Right adjacent to this corridor sits the Lekki Deep Sea Port, yet another strategic joint venture where China Harbour Engineering Company (CHEC) holds a controlling 52.5% majority equity stake.

So, across the entire master-planned industrial trade corridor in Lagos, Chinese state-owned enterprises hold the controlling equity in the two most commercially strategic, lucrative, and dominant logistical assets in West Africa.

It does not stop at raw equity. The Managing Director of the Lekki Free Zone Development Company (LFZDC) is traditionally appointed directly by the Chinese state consortium, while the Lagos State Government is relegated to appointing the Deputy Managing Director. The Chinese consortium commands the absolute majority of the board seats, meaning they directly control the strategic vision, the operational master planning, the tenant approvals, and the capital expenditure decisions for the entire zone.

So, for the Chinese merchant, his own government has already paved the highway, built the deep sea port, softened the bureaucratic ground, and secured the regulatory umbrella for him in Nigeria. All he needs to do is walk into a Chinese state-owned policy bank in Beijing or Guangzhou, secure a subsidized industrial loan at a ridiculously low 2% interest rate, and migrate into a captured foreign market that guarantees him zero customs duties, massive tax holidays, state-backed legal immunity, and unchecked access to local consumer markets.

Secondly, this is not even about merely "knowing" that free trade zones exist. The Lagos Free Trade Zone is not some open shopping plaza, or motor park where an everyday Nigerian can casually walk in, rent an empty shop, and immediately start enjoying zero import duties and corporate tax exemptions. For an enterprise to even be legally eligible to apply for a Free Zone Enterprise (FZE) license, the regulatory framework mandates that you must maintain at least $100,000 in your corporate bank account as undeniable proof of solvency, liquidity, and operational capacity. Once you prove you possess that hard currency buffer, you must pay a non-refundable formal application fee of around $1K. Regulators from the Nigeria Export Processing Zones Authority (NEPZA) and the zone management will then review your technical engineering submissions, daily power consumption demands, industrial water requirements, etc. On paper, this bureaucratic vetting is supposed to take 3 to 14 business days, but in typical administrative fashion, it routinely drags on for weeks and months.

Once your initial application is officially approved, you are invited to pay the formal operating and registration fees before your certificate is issued.
Depending entirely on your industrial sector, the annual operating license fee typically scales anywhere between $3,000 and $10,000 in raw hard currency. Only after paying these fees do you finally receive your official NEPZA Free Zone Enterprise Certificate and Operating License.

So, you already need over $110,000 to $140,000 in pure liquid capital just to secure the legal paperwork to operate inside the zone. But that is only the entrance ticket. The commercial goods, raw chemicals, or machinery you import cannot sit on the bare concrete floor under the rain and hot sun; you are strictly required to either lease an already constructed warehouse or build your own from scratch.

If you opt to lease a Ready-Built Facility, commercial rent in prime free trade zones typically scales between $6 and $12 per square meter per month. This means that leasing a modest, standard 1,000-square-meter warehouse shell will easily cost you anywhere between $72,000 and $144,000 every single year. The zone management strictly demands at least one to two full years of rent paid upfront in US dollars, plus an exorbitant caution deposit, legal vetting fees, and service charges. And that does not even include the massive capital required to physically connect to the private gas-fired turbine grid, industrial wastewater treatment pipelines, and high-speed fiber-optic networks. To make matters worse, these Ready-Built Facilities are virtually non-existent for small players; they are permanently scarce because they are snapped up immediately on multi-decade leases by massive multinational logistics operators, pharmaceutical plants, and heavy assembly firms. If all ready-built shells are occupied, you are placed on an indefinite waiting list that can easily take several months or years.

This mathematically means that even if a local trader manages to scrape together $250,000 to $300,000 in cash, they may still be completely unable to set up operations inside the zone. If you decide to bypass the warehouse shortage and lease raw industrial land, the zone management will hand you undeveloped, swampy coastal plots. Taking raw land in the Lekki corridor means you must personally fund deep-sea sand-filling, soil stabilization, asphalt paving, structural warehouse construction, and internal utility cabling. That requires multi-million-dollar civil engineering budgets that only massive conglomerates can afford.

So now, ask yourself with total intellectual honesty: the struggling Nigerian traders and market women you see protesting under the scorching sun in Lagos, crying that state-backed Chinese merchants are suffocating them with predatory pricing, do you honestly, seriously think they possess $300,000 in liquid capital just to secure a preliminary operating license and pay upfront dollar rent for a warehouse in a Free Trade Zone?
The Nigerian billionaires who actually possess the deep pockets, foreign lines of credit, and political leverage to operate in these tax-haven enclaves are already firmly entrenched there. BUA already owns massive storage infrastructure and processing hubs there; Aliko Dangote dredged the Atlantic Ocean, sand-filled thousands of hectares, and built his multi-billion-dollar industrial complex there. If these struggling Nigerian traders demonstrating on the streets of Lagos had that kind of capital, they would not be out on the streets protesting; they are protesting because their daily livelihoods are being systematically wiped out by a foreign superpower operating under zero-duty privileges. It is disgustingly easy to sit in your luxury, air-conditioned apartment in Lekki Phase 1, and arrogantly typing on your keyboard that these poor traders are merely "lazy researchers" who should just "read the manual" and enter the Free Trade Zone, while completely ignoring the brutal capital barriers that exclude 99.9% of the country.

This tweet is not merely economically misleading, it is profoundly, criminally insensitive.

[emmanuel njoku @emmanjoku46]

@ChuksEricE It only takes the South East or South South Governors to come together and make a joint press statement against police extortion on our roads and it will stop. As long as these governors remain silent, it will continue.

[emmanuel njoku @emmanjoku46]

@ObidientPremium 😂...This wan na Aaron.

[emmanuel njoku @emmanjoku46]

@Tutsy22 Have you asked why no body mentions the name of the courier company but only ampliefies KC and the middle man? .....It's deeper than what you see and read...

[emmanuel njoku @emmanjoku46]

@Daddicratic @UNOFFICIALFACT This is a suggestion, it's left for the umpire to work around it and find suitable solutions

[emmanuel njoku @emmanjoku46]

@DrJoeAbah I had a colleague who was always the first to announce it each time we lost a bid. I wasn't sure if it excited him to be the bearer of the bad news or he just didn't want the company to succeed. So, my mind would skip each time he walked into my office. Imagine if I was the boss.

[emmanuel njoku @emmanjoku46]

@U_Rochas Wow!! This is irresponsible and immature. In less than an hour of a court judgment you are already abusing the man. Peter Obi doesn't hold the Umbilical cord of ADC.Learn to play politics responsibly even though it's on-line. Seems some of you guys have no life outside X.

[emmanuel njoku @emmanjoku46]

@DrKalu_ It's only a mother that knows the true Father of her son. When a child cries and points hand towards a particular direction, if the father is not there, the mother must be there. Perhaps, it's time for Chief priest to run a DNA and settle this matter once and for all.

[emmanuel njoku @emmanjoku46]

@SirTimeyin @youngskales If you have agreed that an influencer can influence a conversation, it's also possible for his opinion to impact the voting decision of a voter, particularly, the ignorant and gullible voters. Some influencers and celebrities have assumed mini God status to their followers.

[emmanuel njoku @emmanjoku46]

@BigBroGuide @BuzzCrave_ There comes a time when you have built wealth and reached the peak of your career, having power or being close to power becomes inevitable. I am sure Katy Perry wanted the comfort of power with Trudeau, unfortunately, power left him...its just a matter of time.

[emmanuel njoku @emmanjoku46]

@U_Rochas Atiku never believed it would take him almost 20 years after obasanjo to become president. No South South leader believed Jonathan could be the 1st president from the region. Why then do you think its dumb for anybody to think that Obi could be president before Atiku?

[Ray @cousinray_]

"On Thursday 16th March 2006, I was presiding over Fidelity bank board meeting as the Chairman and all of a sudden, Late Ndubuisi Kanu said, stop Mr Chairman, you have been declared the Governor of Anambra State, and that was how the meeting ended." - Peter Obi. NDC Presidential Candidate.

[emmanuel njoku @emmanjoku46]

@appiecule You are absolutely correct with your analysis. With Ronaldo on the field, Portugal will continue to play with 10 players against their opponents.. He has declined in pace and sharpness due to age. Unfortunately, the coach seems to lack the balls to bench him...

[emmanuel njoku @emmanjoku46]

@ruffydfire Rufai, you interviewed Victor Umeh about an hour ago and he denied knowledge of this guy. You are still seated in the studio, your morning show still on-going, and you are posting pictures of Umeh and the guy together on your X handle. Why didn't you display it on your screen?

[E.P Aninze Esq. @EkeneAninze]

APC situation in Rivers State is a delicate one and might be argued both ways. But first, I want to put you in a better perspective of explanation so that you can understand how it started.

Sometime ago, APC wanted to conduct its State and Local Government Executives Congress in Rivers. Not because there was no existing leadership in place, but because a faction within the APC felt that the existing leadership was not loyal to the national structure headed by Alhaji Ganduje as the National APC Chairman.

Their mission was simple: conduct a fresh congress in Rivers State and flush out every element they considered disloyal.

But the existing executives were not ready to surrender their rights without a fight.

So they headed to court and asked the court to stop the conduct of the congress. Their argument was straightforward. They told the court that their tenure had not expired and that the manner in which they were being hurried out of office was unfair, contrary to the party constitution, and a clear violation of due process.

They further argued that if the court failed to intervene, they would be illegally pushed out through a congress that had no legal foundation.

That faction is known as the Emeka Beke faction.

There is a backend story that links this faction to Rotimi Amaechi, but that is a story for another day.

On the 21st day of November 2024, the court heard their case and granted their prayers, ordering that no congress should be held until it fully determined whether the tenure of Emeka Beke and his executives had actually elapsed.

Ordinarily, that order of the court ought to have been obeyed diligently.

But because those who wanted to conduct the State Congress were determined to push Emeka Beke out. To them, his loyalty trajectory was tied to Rotimi Amaechi and, since Rotimi was no longer an APC man at heart, every political seed still speaking his name had to be uprooted.

At that point, the battle was no longer about procedure. It had become a battle of political loyalty.

Eventually, despite the subsisting order of the court, they went ahead on the 24th and 30th of November 2024 to conduct the congresses that produced Tony Okocha as State Chairman.

The Emeka Beke executives, seeing what they considered a blatant injustice, rushed back to court.

Their complaint this time was different but simple:

"Court, these people ignored your order. They have gone ahead to conduct a kangaroo congress. Please nullify the exercise because it was conducted in defiance of your authority."

The High Court again agreed with them because you know if there is one thing the court hate the most, it will be to flout its orders.

Consequently, on the 20th of December 2024, the court nullified the congress that produced Tony Okocha and his executives.

Ordinarily, that should have settled the matter.

But it did not.

Since that judgment was delivered, Tony Okocha and his executives have continued to function. For about two years now, the National Executives of APC have continued to recognize and work with them, including during the recent APC primary elections.

Then came another twist.

Two days ago, the Court of Appeal affirmed the decision of the trial court that had earlier nullified the congress in December 2024.

That is the development currently sending shockwaves across the camp of Tony Okocha and everyone who may have had political dealings with him over the years.

The fear is understandable.

Once an appellate court affirms a judgment, the legal implications become more serious and the political consequences become more difficult to ignore.

There is also the very important aspect of the argument as to whether the primaries that Tony Okocha and his executives participated in; are still valid in the eyes of the law.

But that is a conversation for another episode.

I am Ekene Aninze Esq.

[emmanuel njoku @emmanjoku46]

@ennyola0015 Gbam!!

[emmanuel njoku @emmanjoku46]

@akintollgate ADC is structurally rooted in many states with known strong men leading the charge..I assess parties from the ward levels. e.g, Imo state. There is going to be bandwagon effect in some regions as a result of d flag bearer and strong sentiments in the north..