Author: Abasifreke Effiong

Is Dr Ambrose Byrant Chukwuemeka Orjiako broke? Dr A.B.C Orjiako, one of Nigeria’s biggest private investors in the oil and gas sector, co-founder and former Chairman of Seplat Energy Plc, a leading Nigerian Independent oil and gas company is sinking in debt. Access Bank Plc declared him bankrupt in July this year. His fortunes dipped barely 14 months after his controversial exit as Chairman of Seplat. His family too is crumbling.  Orjiako, a trained orthopaedic surgeon with specialisation in trauma management has an estimated net worth of U.S$1.5 billion from investments in oil and gas, maritime services, construction, real estate…

Residents of Umuchima community in Uli, Ihiala local government area, Anambra State are still living in fear days after being intimidated by a joint team of armed soldiers, policemen, DSS, Civil Defence and thugs mobilised to provide protection during the illegal demolition of Ogbuechi Chinedu Orjiako’s property, by the Anambra State Physical Planning Board. Ogbuechi Chinedu Orjiako is a businessman and younger brother to renowned billionaire and former Chairman of Seplat Energy, Dr A.B.C. Orjiako, who was recently forced out as Board Chairman of the company. Umuchima, a quiet, agrarian rural community in Uli, lays off the Onitsha -Owerri federal…