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LAGFERRY Declares 40,041 Trucks Bay, Projects 400,080 Passengers In Year 2021



Water transportation

By: Fashina Shakiru
Managing Director, Lagos State Ferry Services (LAGFERRY) Mr. Abdulbaq Lad-Balogun has
unveiled the Lagferry activities for the year 2021 while urged the staff to stay committed to sail drive with mission to commute 400,080 passengers through the Inland waterways on daily basis in the year 2021,  the vision in building for a greater Lagos.
Speaking at Strategic Management Workshop Theme: “Resilient Sailing For Sustainable Economic” on Saturday at the Mile 2 Terminal Amowu Odofin, Lagos, the MD Lagferry said to reviewed the achievement of year 2020 of lagferry operation with a view to reposition Lagferry for the challenges ahead in the year 2021 and beyond, in other to develop a resilient operational system for the lagferry services and the entire state.
According to him, “the mandate given to us by Mr. Governor Babajide Sanwo-Olu to move 30% of Lagosians commuters by the waterways in order to decongest roads and this particular mission, 400,080 passengers are expected on the Inland waterways of Lagos State on a daily basis. 400,080 passengers represents 30% of 1.6 million commuters on a daily basis and 30% of them most come from the waterways  the journey commerce now.”
Mr. Lad-Balogun emphasized that this is a stride and task as responsibility and challenges before us for the new era 2021.  This is to show serious commitment and coming together for a strategic  management treaty as resil nt sailing for a sustainable economy.
Lagferry boss, noted that the transport system is in line with the theme agenda of Mr. Governorthemedjide Olushola Sanwo-olu, by creating an instant Alternative and decongest Lagos roads with intermodal transportation system took instant shapes as Lagosians took to water transportation.
 Lagferry also provides operational services to industrial companies who are fast shorting down factories and throwing the workforce into the labour force , as the agency labor state government has created an enabling safety environment to transport the people and encouraged cargo of businesses to Lagos state on waterways. With these renovative ideas, businesses keep flouting as a logistic solution to major refinery companies.
He said: I want to be emphatically to say that the Dangote Sugar Refinery, BUA Sugar Refinery in Apapa, FlourMils, Honeywell  FlourMils, Roan and others industrial operating within the Apapa axis , Lagferry Services has bee to keep them flow in the business and their manufacturing concerning ongoing because of the logistic solutions offers to bays operation through inland waterways of Lagos state from Mile 2 terminal and Badore terminal Ajay Eti-Osa.
Despite unprecedented destruction of  novel coronavirus pandemic which necessitated some months of lockdown, which affected our operation would have able to moved 41,040 trucks in bays from terminal of Mile2 to Badore the Ajay, transport 2,308 cleared goods containers  from the port, 949 contain s also bays from Mile 2 Terminal to Apapa port Island and Tin Can Island port. with this 284 direct and indirect job created within a year commencement of operation on logistic services, said Lad-Balogun.
“The commercial operation and our journey to ensure Lagos state populace are transported  by the waterway in addition to all Almighty roads transportation with procurement and commissioning of 8 new of the act boats in Badore-Ajay. The agency commenced 6 major routes expansion operational services includes; Epe, Agbowa-Ikosi, Agbara, Ibeju-Lekki, Ojo, in Ayobo-Ipaja, Alimosho Local Government  by Governor Babajide Sanwo lu in February 2020, by deploying all the available 12 passenger boats immediately after the launch on 6th of February 2020 which contributes 38% of the water transportation  index to the entire transport rotation matrix to the state GDP economy from 0.2% to 0.8% in the year 2020 and our theme high premium to safety and achieving accident-free record through the accident-federation year for 2020”.
He further revealed that daily average daily passengers converged on the waterways and Lagos State Ferry Services (LAFERRY) has succeeded  in commuting over 60, 000  passengers on commercial service while total of 3,857 persons on cha arter services to different part of the state an either for pleasure, recreation or for business meetings. In all, recorded in the last one year, in water transportation operations by commuting over 200, 000 people within first 150 days of operation the under the present administration
In his keynote address Chief Resilience Officer, Arc. Gbolahan Oki, Lagos State Resilience Office (LASRO) traced the history of Lagos state since reception, saying the state in the face of challenges , right from its creation I 1967 and possible challenges it might face in the future due to its peculiarities.
According to him, Lagos State has been recognized as one of the 100 resilient cities in the world. This is based on the resilient nature of the state .
Oki while urging the management staff of Lagferry to aware the main objective of the strategic management workshop to come up with a more robust strategic direction that will not only help to build capacity , but enhance the operational efficiency of the agency of government
The state government’s huge investment in water transportation is premised on achieving a multimodal transport system that will not help to tackle constant traffic gridlocks in the metropolis, but meet the transport needs of an estimated population of over 26 million  people in the emerging smart city of Lagos.
Chief Resilient Officer, commends the Management efforts of Lagferry for thinking outside the box and recognizing that a trained and well-focused workforce is crucial to achieving a 21st-century water transportation 21st-century is safe, secure, and adds value to the socio-eco, nomic growth of the state.
He said: the workshop is to build capacity of our workforce in the  Lagferry, so as to increase their production professional competency and enhance once their efficiency in public service delivery in water transportation

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Oil and Gas

Documents Revealed:How Ayeni Resigned From OMS In 2018,Lied To EFCC And Sold All His Shares To Wells Property Limited




Documents Revealed: How Ayeni Resigned From OMS In 2018, Lied To EFCC And Sold All His Shares To Wells Property Limited

The allegation by a former director of Ocean Marine Solutions (OMS) Limited, Mr Tunde John Ayeni, that the company was hijacked by Captain Hosa Okunbo has been contradicted by a series of validly-executed company resolutions and other documents was obtained by our reporter which he (Ayeni) signed, transferring his shares in OMS and its other associated companies to Wells Property Limited.
Ayeni had, through his lawyer, Femi Falana (SAN), petitioned the Economic and Financial Crimes Commission (EFCC) on the matter and had also raised issues of alleged financial misappropriation by his erstwhile business partner, Captain Okunbo.
His narratives including the allegations most of which were not substantiated or backed up by documentary evidence, were contained in the nine-page petition dated December 7, 2020 and titled: “Request for investigation of stealing and criminal diversion of company fund”.
All the documents made available by the management of OMS in its defence clearly showed that Ayeni was part of the processes and meetings that culminated in his transfer of all his shares in OMS and its associated companies to Wells Property Development Company Limited.
Oil wellOil well
Significantly, he and his wife, Abiola Ayeni, duly signed the  special resolution of their Prime Union Investment Limited where he is Chairman Board of Directors/shareholder and with wife as Director/shareholder in respect of the sale of 30,000,000 ordinary shares in OMS to Wells Property Development Limited for a consideration of N2 billion only.
The special resolution was dated August 14, 2018.
Here are some of the documents obtained.
All the shareholders had subsequently executed a share purchase agreement and other necessary documentations required to completely transfer all the shares held in OMS devoid of any liability or encumbrance to Wells Property Development Company Limited.
The documents confirmed that as far back as 2018, Ayeni had ceased being a director and shareholders in OMS, having sold his entire shares in the company.
The claim by OMS management is that Ayeni who is neither a director nor a shareholder in the company cannot allege financial misappropriation in a manner as to claim he was affected by its administration as he is just a meddlesome interloper in the affairs of the company.
Besides, the EFCC had, in a letter to the Chairman and Board of Directors of OMS on June 25, 2019, confirmed with the Corporate Affairs Commission (CAC) that Ayeni had sold his entire shares and resigned as Director and shareholders of the company(Documents attached).
The letter signed by EFCC’s Director of Operations, Mohammed Umar Abba, was tilted: “Re: Investigation Activities”.
It read in part: “We refer to your letters dated 20th December 2018, 15th April 2019, 22nd May, 2019 and NNPC letter dated 28th December 2018 on the above subject.
“We wish to state that in June 2017, a petition regarding infractions by the previous Board and Management of Skye Bank was forwarded from the Office of the Vice President, Federal Republic of Nigeria.
“In the course of investigation, Dr Tunde Ayeni was invited and he volunteered a statement confirming the withdrawal of 29.5 billion naira cash from the Skye Bank. He, however, promised to refund the said funds to the bank and further claimed to have some interest in Ocean Marine and its subsidiary companies.
“Based on the above, investigation was extended to the Corporate Affairs Commission where it was discovered that Dr Tunde Ayeni had on the 8th August, 2018 actually sold his 35 million ordinary shares in Ocean Marine Solutions Limited and 37.2 million ordinary shares in PPP Fluid Mechanics Limited to Wells Property Development Company Limited, a subsidiary of Ocean Marine Solutions Ltd….”
The EFCC had said that its investigation so far did not indict the Chairman of OMS and its subsidiary companies, Capt Okunbo(a copy attached).
Recall that Ayeni was once a non -Executive Chairman of defunct Skye Bank.
Other documents directly relevant and/or ancillary to the validation of the legitimate acquisition of Ayeni’s shares in OMS are published hereunder, including a letter by Mr Ned Nwoko who Ayeni’s lawyer, Femi Falana (SAN) mentioned in his petition to the EFCC.
Nwoko, in the letter to the Inspector General of Police,  on the funding for Paris Club litigation said he did not know Ayeni and that he related directly and on personal basis with Capt. Hosa to the exclusion of OMS(Document included). Also our Reporter obtained a payment instructions document from office of the Chairman, Ocean Marine Solutions Limited to effect #1 billion transfer to Ayeni’s company Olutoyl estate development and services Ltd owned on 26th November, 2018 and the balance was paid over a period of 2 years installment

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LAGFERRY hosts capacity workshop for management staff, MD highlights agency’s achievements




LAGFERRY hosts capacity workshop for management staff, MD highlights agency’s achievement

The Managing Director/CEO of LAGFERRY, Hon Abdoulbaq Ladi Balogun while making the opening remark at the capacity building workshop for the Management Staff of LAGFERRY with the theme: Resilient Sailing for Sustainable Economy held on Saturday
Lagos State Ferry Service (LAGFERRY) hosts capacity workshop for management staff, MD highlights agency’s achievements

The Lagos State Ferry Service (LAGFERRY) has flagged off a 2-day workshop with the theme: Resilient Sailing for Sustainable Economy, organized for the Management staff of the agency at the Mile 2 Jetty Lagos on Saturday.

Managing Director LAGFERRY Hon Abdoulbaq Ladi Balogun addressing participants at the Lagos State Ferry Service (LAGFERRY) 2-day workshop with the theme; Resilient sailing for sustainable economy

The Managing Director/CEO of LAGFERRY, Hon Abdoulbaq Ladi Balogun in his opening remark gave an overview of the agency’s activities in the outgone year 2020 despite the COVID-19 pandemic outbreak in the early quarter of the year. He said “this Workshop, with the theme; Resilient Sailing for Sustainable Economy for a greater Lagos” is being organised to review the success of Y2020 with a view to strategically position LAGFERRY for the challenge ahead in Year 2021 in order to develop a resilience Sailing economy for the State in line with the T.H.E.M.E.S Agenda of the State Government”.

Hon Balogun stated that “the need to create an instant alternative and decongest the road saw to the procurement and commissioning of 8 new state of the art boats by the State Governor, Mr Babajide Sanwoolu in february 2020 at Badore, Ajah. This kick-starts our journey to ensuring Lagos commuting public is transported by the waterways. The agency commenced operations from 6 major routes by deploying 12 boats immediately after the launch and this began our Y2020 success story” LAGFERRY boss averred.

He also highlighted major achievements “it is gratifying to note that the deliberate commitment of Mr. Babajide Sanwo-Olu’ s adminstration to engender intermodal transportation system took instant shape as Lagosians took to water transportation and LAGFERRY began to record unprecedented milestones despite the disruptions of the novel corona virus pandemic which necessitated some months of lockdown”.

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“We were averaging daily commuting of between 800 to 900 passengers and by the month of June we had ferried our 60, 000th passenger and by September we celebrated our 100, 000th in the person of Mr Murtala Balogun”.

“Today I can proudly tell you that we had commuted over 200, 000 passengers within 150 days of operation in the Year 2020”.

“In the same year, one of our boats, MV Ayangburen, christened the sea warrior of water transport accomplished a feat of completing 22 trips in 7 hours 6 minutes”.

“A total number of 2,857 persons have been commuted on our chattered services to different part of the State for pleasure, recreation and business”.

“Other achievements worth mentioning includes expansion of operational services to Epe, Badagry, Agbowa-Ikosi, Agbara and Ibeju-Lekki, contributing 38% of the water transportation index to the transportation matrix of the state, improving water transportation contribution to Lagos GDP from 0.2% to 0.8%, paying high premium to safety and achieving accident free record”.

Cross section of participants at the workshop

“We are all aware of the deplorable state of the Apapa road that is making it impossible for businesses to transact their trade seamlessly. LAGFERRY has being assisting in ensuring ease of doing business by providing innovative logistics solution for cargoes of corporate Lagos through the waterways”.

“Between January and December 2020, we have successfully moved 41,040 trucks from our terminal. 2308 cleared goods containers have been received from the port. 941 containers have been loaded back to the port. We have also been able to create 284 employments directly and indirectly”.

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“The mandate given to us by Mr. Governor to move 30% of Lagosians by the waterways in order to decongest the road is well understood, we equally understand the enormous responsibility and challenge before us for the new year, this is exactly the reason for organizing this workshop”.

“Let me use this medium to once again commend and appreciate Mr. Governor for his commitment to water transportation and his unwavering support to LAGFERRY, assuaging to our request for more boats to meet increasing commuting demands by procuring seven additional boats, thereby increasing our boat fleet to 20”

“we are focus, charged and determined to drive his vision for a greater Lagos”

Chief Resilient Officer of the Lagos State Resilience Office (LASRO), Arc. Gbolahan Oki making the keynote address at the Workshop

The Keynote speaker, Chief Resilient Officer of the Lagos State Resilience Office (LASRO), Arc. Gbolahan Oki in his address stated that the workshop is very apt and cannot be organized at a better time than now when there is a growing need to decongest the roads by developing other alternative modes of transportation that will be sustainable and one of which is water-transportation.

Chief Oki averred that “as a resilient city, the administration of Governor Babajide Sanwo-Olu has been proactive in implementing various resilient policies towards bringing a total reform to the transport sector and the development of water transportation is an integral part of this”.

The Chief Resilient Officer of the State noted that the state government’s huge investment in water transportation is premised on achieving a multimodal transport system that will not only help to tackle constant traffic gridlocks in the metropolis, but meet the transport needs of an estimated population of over 26 million people in the emerging Smart city of Lagos.

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“It is therefore gratifying to note that a workshop like this is organized at this early part of the year for the Management team of LAGFERRY, knowing fully that civil servants are the drivers of various reform initiatives of the State government and the importance of training and retraining of personnel cannot be over emphasized” opined Chief Oki

The Managing Director Lagos State Ferry Service (LAGFERRY) presenting a souvenir to the Chief Resilient Officer of the Lagos State Resilience Office (LASRO), Arc. Gbolahan Oki at the 2-day workshop for Management staff of LAGFERRY with the theme; COVID-19 Economy: Resilient Ferry Operations for A Greater Lagos

He also commended the Managing Director of LAGFERRY, “I therefore commend the Managing Director, Lagos State Ferry Services and the Management staff for thinking outside the box and recognizing that a trained and well-focused workforce is crucial to achieving a 21st century water transportation system that is safe, secure and adds value to the socio-economic growth of the state”.

“I sincerely commend Hon Abdoulbaq Ladi Balogun for his resilience, passion, commitment and leadership quality, which is impacting positively on the operational efficiency of this agency” asserted by the State’s Chief Resilience Officer”.

He also advised the Management of LAGFERRY to put in place necessary safety and security measures that would help build trust and confidence of the commuters and operators by ensuring that they observe all safety measures in their operations, especially the wearing of safety jackets and other safety kits, irrespective of class or social status of your clients.

The 2day-workshop capacity building for Management staff of LAGFERRY will be concluded on Sunday

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Brands and Company

Captain Hosa: Celebrating An Uncommon Trail Blazer At 63




To grow older is truly a gift. It is a gift of time. When the psalmists said God knows every day that is ordained for us when not one of them existed (Psalm 139), it means God has a purpose, and it is our gift to God to find that purpose and to fulfil it, even if we are into our eighth decade of life or beyond.

Thus there cannot possibly be too many celebrations for this man, who deserves to live up to a thousand years should he wish God, who has watched him transmuted all these years to a fountain of wisdom, blessing to his people and gift to humanity, to preserve him.

As Psalm 92:12-15 says, “The righteous flourish like the palm tree and grow like a cedar in Lebanon. They are planted in the house of the Lord; they flourish in the courts of God. They still bear fruit in old age; they are ever full of sap and green, to declare that the Lord is upright; he is my rock, and there is no unrighteousness in him.” And God is able to make all grace abound to you, so that in all things at all times; having all that you need, you will abound in every good work. 

Every day brings stories about people who have lived long and distinguished themselves among their contemporaries. So also, every year people on their birthdays anniversaries blow hundreds of thousands candles to wish themselves more years but for Capt. Hosa Okunbo, who has lived a fabulous life of curiosity, exploration, humanity and hard work, wakes up every day innovating new life solutions to impact on the lives of people around him and beyond. 

The thought to engage his people in productive ventures, to turn their lives around, open doors of opportunity for the growing youth population in the country, to restore prosperity and promote the cause of peace has dominated his passion for his country in the last decades. 

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Today as we make strides towards the future of Nigerian business environment and as we celebrate those who have contributed largely in the private sector to reduce the surge of unemployment in the country, it is very important to celebrate an icon- Captain Hosa Wells Okunbo.

The corporate world is full of huddles and pressure. Yet, Captain Hosa has  remained steadfast, more than the ordinary human; he has not only joined others to transform the private sector in Nigeria but has also inspired and motivated millions of growing entrepreneurs who are taking a cue from him today, most of whom have also become successful today.

His passion for humanity has placed him in the good book of both local and International bodies for his good works towards lifting the standard of life. From creating employments to humanitarian services, efforts on fight against trafficking in human and his passion for political reforms in Nigeria, his name stands tall. 

Early in 2020, Captain Hosa was recognized by NAPTIP by  committing personal resources to the fight against the illicit business of human trafficking and illegal migration by empowering victims of human trafficking and supporting NAPTIP to mark the 2019 World Day Against Human Trafficking

On Saturday, September 21, 2019, in Geneva, Switzerland, Okunbo was bestowed with the Global Peace Award from the chairman of the Order of Lafayette Awards. This was in recognition of his efforts in global peace and business innovations.

In September 2020, the Billionaire Philanthropist and key investor in Marine Security won America Forbes “Best of Africa” Award as one of the outstanding leaders in Africa.

This came two years after he received the Businessman of the Year award at the ‘2016 Vanguard Personality of Year Awards’. Okunbo received the Africa Titans Award in 2012, from the Congress of the United States in collaboration with the African Society Summit, in recognition of his strides on behalf of Africa in the international arena.

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In November 2012, the University of Benin also conferred Okunbo with an honorary Doctor of Science degree.

Okunbo was granted the Worthy Ambassador of Unity Award as an old student of Federal Government College, Warri in March 2016.

On October 2, 2014, the traditional ruler of the Edo people in Edo State, Oba Erediauwa, blessed Okunbo with the ‘Traditional Beads’ for being a worthy son of the ancient Kingdom.

These recognitions and many others not listed here have come naturally as a result of the work Captain Hosa has put into building a society fit for all. 

At 63 today, he has made his mark in the sand of time and continues to leave an indelible print in the history of national development.

Cappy as fondly called by his admirers was born 7 January 1958 is a Nigerian business magnate, investor, philanthropist and trained commercial pilot. He serves as either chairman or director on numerous company boards in Nigeria, spanning multiple business sectors such as the agro-allied, petroleum, telecommunications, power, real estate and banking industries.[

Okunbo established Hoslyn Ventures Nigeria Ltd., a company that was involved with procurement in the Nigerian petroleum sector.

Okunbo is the founder and chairman of the following Nigerian companies:

CMES-OMS Petroleum Development Company (CPDC), which, in September 2019, signed “$875.75m alternative financing deal for the Nigerian Petroleum Development Company (NPDC) operated OML 65.

The Wells Carlton Hotel and Apartments, Wells San-Carlos Agro Farms Ltd, which, in March 2016, unveiled a $750 million, 9,000-hectare (22,000-acre) farm intended to “create 85,000 jobs in Edo State,  Ocean Marine Security Ltd, an offshore asset-protection company, rendering services to major oil companies in Nigeria, including NNPC.

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The company recently completed the building of the 46-kilometre (29 mi) Escravos–Warri Crude Pipeline, which was inaugurated by the then Nigeria’s Minister of State for Petroleum Emmanuel Ibe Kachukwu

Other of his investment includes, Westminster Security Solutions Nigeria Ltd, a franchise of Westminster Group Plc UK, of which he is major shareholder, Wells Group of companies, which include Wells Dredging Ltd, Wells Property Development Company Ltd,  and Wells Entertainments Ltd. – through which Okunbo financed the movie Black November.

Ocean Marine Solutions Tankers Ltd, which owns Nigeria’s first marine tankers, Hoslyn Habitat Ltd, which is a design, construction and landscaping company, Gyro Air Ltd, operators of charter flight operations and Chairman, FEVA tv in Canada. 

Okunbo is a director in the following companies: Joint Marine Environ Guard Ltd. (JMEG), Secure Anchorage Area Ltd. (SAA), Digisteel Integrated Services Ltd, Phil Nugent Nigeria Ltd, Integrated Energy Distribution and Marketing Ltd. (IEDM), which is a core investor in Ibadan and Yola Electricity Distribution Companies. 

Okunbo is member of the Board of Directors of NatCom Development and Investment Ltd, which is the holding company Nigerian telecommunications giant NTEL. 

Captain hosa pioneer the biggest greenhouse farm in Nigeria that it caught the attention of Consular General U.S embassy to visits Wells Hosa Greenhouse farms in Edo State for a possible partnership with the association of greenhouse farmers in United States of America.

For a man who has achieved so much through hard work , dedication and consistency and has given so much to the society in return, it is worth the toss as he clocks 63.

This report was put together by Adeniyi ifetayo and Patrick Ochoga

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