Wale Tinubu: Friends hail oil magnate’s winning streaks
Despite his troubles with the Security and Exchange Commission, this oil and gas top player has continued to give his best.
Despite his travails with the Security and Exchange Commission over the forensic auditing of his company, Wale Tinubu, the CEO of Oando Oil and Gas Plc is still seen as someone who has contributed a lot to the business sector of the Nigerian economy.
One of such admirers of Tinubu is Sofowora Oladapo, a journalist, who in this tribute, traced his humble beginning to the very peak of his career and his winning streaks in spite of many obstacles.
Read the tribute here:
‘If Wale Jubril Tinubu was to pen down an epistle on his most disturbing moment as the head honcho of Oando Oil and Gas, it would definitely be when the travails of Oando Plc reached its crescendo months ago.
The high flying up and downstream oil and gas firm was rocked with several petitions and alleged negative media campaign by two of its major shareholders, Mallam Dahiru Mangal and Italian born Gabriele Volpi of Ansbury Incorporated, over alleged mismanagement of funds by the board headed by the trained lawyer.
The Security Exchange Commission [SEC], issued an order to the Nigeria Stock Exchange [NSE], to put every stock exchange activities of Oando on a halt to enable them to carry out a forensic audit of the alleged mismanagement of funds levelled on the management by its major shareholders.
The NSE immediately placed an embargo on all stock activities while the sanction was also extended to the Johannesburg Stock Exchange [JSE].
However, the Lagos-born businessman understands the oil and gas business terrain, little wonder he is known as ‘King of African Oil’.
Instead, he adopted the tactic of Sun Tzu, a Chinese military strategist, Taoist philosopher and General in the 6th century BCE, who said; ‘The supreme art of war is to subdue the enemy without fighting’.
The oil mogul remained unperturbed. Instead, he faced his business squarely, not falling for the gimmick those detractors employed to bring him down.
However, for his sterling leadership qualities, other shareholders stood by him and gave him their backing to keep the flag of the company flying high.
He vowed to make the company remain flying high among its major contenders in Africa and that is exactly what he is doing!
Under his watch, Oando broke impeccable records, declaring a long margin high profit to its investors after their Annual General Meeting [AGM] in Akwa Ibom State.
Interestingly, it is often said that to succeed in the African oil and gas sector, you must have the heart of Hercules, the fearlessness of Achilles, the grace of Terpsichore, the memory of Macaulay, and the hide of a rhinoceros.
Like the proverbial cat with nine lives, Oando bounced back to it usual winning ways.
Tinubu’s success story may not come as a surprise to those close to him because he has, over the years, shown evidence that he is well versed in the oil and gas business.
He knows when to invent, particularly in a shaky business climate. Tinubu has continued to show his wizardry, especially in the past two years that the oil business has suffered a decline around the globe.”