“Up Till About 25 Years Ago, Singer Nigeria Limited Had Factories In Nigeria Where They Produced Television Sets, Radios, Refrigerators, Standing Fans, etc.
Singer Had A Unique Corporate Marketing Strategy.
They Didn’t Sell On Cash-And-Carry But On Credit To Their Wholesalers.
I Don’t Know The Reason For This Strategy Though.
Soon, Nigerians Began To Apply As Whole Sellers Using Fake Business Names And Addresses.
Many Would Pack The Products And Never Paid Up As And When Due.
By 1996, Singer Went Down And Closed All Her Factories In Nigeria!
At The Cocoa Industries Limited, Ikeja, As The Company Was At The Verge Of Closing Down Completely, I Met The Last MD Of The Company.
As At That Time, Himself, His Driver And Four Security Men Were The Reminant Members Of Staff Of The Company.
I Asked What Led To The Terrible State Of The Company At The Time When There Was Increase In The Consumption Of Cocoa Products.
He Narrated His Experiences In All The Oodua Groups; How The Various MDs, GMs And Managers Would Collude With The Drivers And Security Men To Load Products Out Without Proper Entries.
How Those Goods Were Delivered To Oga’s Concubines In Different Towns And Cities Who Would Never Remit The Proceeds To The Company.
Of All The Over 150 Companies Wholly Owned By Oodua Group, None Is Functioning Again As At Today.
Only Those Companies Where Oodua Jointly Owned With Others Are Working.
When Next You Are Worried About The Serlous State Of Affairs In Nigeria, Maybe Some Children Need To Ask Their Parents To Sincerely Tell Them The Sources Of The Money They Used To Build Their Various Houses.
You May Need To Know The Sources Of Their Wealth. Is Their Wealth Part Of The Over-Invoicing Or Non Invoicing Of Products And Services? Ask Them, Was It Part Of The Shared “Annual Unspent Budget”?
The Ruination Of Nigeria Didn’t Begin In One Day. It Didn’t Start With PDP Or APC, JOnathan or BUhari. It Was Through Minute Indiscipline, Deliberate Impunity, Arrogant Exercise Of Power, Ineptitude And Greed.”
The Indiscipline, Impunity, Arrogant Exercise Of Power, Ineptitude And Greed Still Continue Till Today, Not Till We Look Inward And Change Our Ways, We Will Never See The Nigeria We Hope For.
All The Countries We’re Running To Are Not Better Than Nigeria, It Is The People That Are Better Than Us.
Let Us Change Our Ways, And We Will See The Nigeria We Hope For.
Add the list you know and the story is the same.
Nigeria airways, Volkswagen, Peugeot, Michelin tyres.

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