Featured
Celebrating the Legacy of Massad Boulos’s Leadership at SCOA Nigeria
By Magnus Onyibe
Recent media criticisms questioning the breadth of experience and business acumen of Mr. Massad Boulos, the incoming Senior Adviser on Arab and Middle East Affairs to U.S. President-elect Donald Trump, are not only misguided but also dismissive of the remarkable track record of both the man and the companies he has been instrumental in nurturing.
For instance, SCOA Nigeria PLC, where Mr. Boulos serves as Managing Director/CEO, is far from being just another company. It is a formidable force in Nigeria’s industrial and economic landscape. With roots spanning over four decades, it holds the distinction of being the first European automotive assembly plant in Nigeria.
In the 1970’s, SCOA Nigeria PLC made a name for itself by assembling Peugeot 404 and then 504 pickup trucks at its assembly plant at Apapa, Lagos and service center at its Lapal House facility on Lagos Island. Today, the company continues this proud legacy, assembling, distributing, and marketing M.A.N trucks and buses, power generators, tractors, agricultural equipment, industrial equipment and other heavy-duty construction and mining machinery critical to Nigeria’s key sectors.
SCOA Nigeria PLC’s clients include some of the most prominent and respected names in Nigeria’s construction industry, such as Julius Berger—widely regarded as the nation’s leading construction firm—Lafarge Africa PLC, a major cement producer, the Chagoury Group, renowned for developing the prestigious Banana Island, a premier residential enclave in Lagos, the DANGOTE Group, and many others.
Beyond trucks, SCOA Nigeria PLC is a trusted supplier of concrete, road construction and mining equipment, partnering with leading infrastructure companies to drive Nigeria’s development. For example, Julius Berger relies heavily on SCOA’s equipment for large-scale projects, including the 376km Abuja-Kaduna-Zaria-Kano highway and the 43.6km Lagos-Shagamu stretch of the Lagos-Ibadan Expressway and the Abuja-Kano Highway.
Similarly, Hi-Tech Construction, currently working on the 700km Lagos-Calabar Coastal Highway and the Lagos-Badagry-Sokoto road network, depends significantly on SCOA PLC for the machinery and technology required to execute these ambitious projects, aimed at enhancing connectivity and trade across Nigeria’s southern, central, and northern regions.
Similarly,SCOA PLC has also been instrumental in the development of Eko Atlantic City, a groundbreaking urban project built on reclaimed land from the Atlantic Ocean. This visionary initiative, designed to address Lagos’s urbanization challenges and promote sustainable development, has been made possible in part by state-of-the-art machinery supplied by SCOA. Notably, Eko Atlantic City is set to host the United States Embassy, projected to be the largest of its kind globally upon completion, further underscoring the strategic importance of this landmark project.
In fact, SCOA Nigeria PLC’s impact extends beyond Nigeria’s shores. As a member of the FADOUL Group – one of the largest and most successful family-owned businesses in Africa – its influence spans across West and Central Africa. The FADOUL Group, established in 1966, operates numerous successful enterprises, employs over 20,000 people, and is valued at over $1 billion, with hundreds of millions of USD in assets. This legacy highlights the scale and scope of the operations under Mr. Boulos’s leadership.
Contrary to unfounded claims in certain media outlets, the suggestion that Mr. Boulos is not a billionaire is both baseless and misleading. As President-elect Donald Trump rightly described, Mr. Massad Boulos is a “deal-maker,” a characterization grounded in fact. His proven ability to negotiate and execute complex international transactions has facilitated significant partnerships between Nigerian, German, and French businesses, delivering substantial value and mutual benefit.
As a Non-Executive Independent Director of SCOA Nigeria PLC since 2012, I have witnessed firsthand Mr. Boulos’s instrumental role in driving the company’s success. His ability to navigate the complexities of international commerce, exemplified by the supply of a significant fleet of trucks to Lafarge Africa through a tripartite arrangement between a logistics firm, GPC and Union bank plc, has earned him widespread recognition and respect.
Mr. Boulos’s leadership has not only been vital to SCOA PLC’s achievements but also to the broader international business successes of the FADOUL Group. This is precisely the kind of experience and strategic vision he brings to his new role as Senior Adviser on Arab and Middle East Affairs to President-elect Trump.
As noted in a press release by Karoline Leavitt, Trump-Vance Transition Spokeswoman, attempts to smear Mr. Boulos’s reputation are part of a broader effort by opposition elements to undermine President-elect Trump’s nominees. The truth remains that Mr. Boulos played a pivotal role in mobilizing the Arab-American and Middle Eastern-American vote, contributing significantly to the Trump-Vance victory—an achievement that underscores his political and organizational acumen.
Efforts to denigrate Mr. Boulos’s qualifications and achievements are not only futile but also a disservice to the facts. Mr. Boulos’s expertise and accomplishments are well-suited for his new role, where he will undoubtedly deliver impactful results on behalf of President-elect Trump and the United States.
Magnus Onyibe is a Non-Executive Independent Director and Chairman of Audit Committee, SCOA Nigeria PLC
Featured
Gov Adeleke Mourns Late Erelu Ayeni, Says She Was Exceptional
The Executive Governor of Osun State, Senator Ademola Nurudeen Jackson Adeleke, has paid a heartfelt tribute to the late Erelu (Mrs.) Anthonia Abiodun Ayeni, fondly known as “Mama Yemi” or “Madam YEMKEM.”
Speaking during a condolence visit to the family of the late Erelu Ayeni, Governor Adeleke described her as a pillar of strength and an embodiment of grace and hospitality. He fondly recalled her warmth and kindness, particularly during his visits to Oye-Ekiti, where she consistently made him feel at home.
“Erelu was an exceptional woman who treated me with the utmost care and respect. Her kindness and thoughtfulness were unparalleled,” Adeleke remarked.
The Governor recounted how Erelu Ayeni and her husband played a significant role in supporting his political journey. “When I shared my intention to run for governor, they not only prayed for me but also stood by me as pillars of encouragement. Even during the challenging aftermath of my first gubernatorial election, their unwavering support remained a source of strength,” he said.
Governor Adeleke further extolled Erelu Ayeni’s virtues as a loving wife, devoted mother, and a beacon of hope and support to her community. He emphasized that her exemplary character and selfless commitment to others had left an indelible mark on everyone who knew her.
“Mama Yemi’s generosity and steadfast faith will be deeply missed. While we mourn her departure, we take solace in the fact that she is now resting in the bosom of the Lord,” Adeleke concluded.
The Governor’s tribute was a testament to the profound impact Erelu Ayeni had on those around her, as family, friends, and well-wishers continue to mourn her loss.
Featured
Again, Kemi Badenoch Lashes Out at Nigeria Says Country’s ‘Dream Killer’
The leader of UK’s Conservative Party, Kemi Badenoch, has said she doesn’t want Britain to be like Nigeria that is plagued by “terrible governments.”
Speaking on Thursday at an event organised by Onward, a British think tank producing research on economic and social issues, Badenoch expressed fears that Britain may become like Nigeria if the system is not reformed.
“And why does this matter so much to me? It’s because I know what it is like to have something and then to lose it,” Badenoch told the audience.
“I don’t want Britain to lose what it has.
“I grew up in a poor country and watched my relatively wealthy family become poorer and poorer, despite working harder and harder as their money disappeared with inflation.
“I came back to the UK aged 16 with my father’s last £100 in the hope of a better life.
“So I have lived with the consequences of terrible governments that destroy lives, and I never, ever want it to happen here.”
Badenoch has been in the news of late after she dissociated herself from Nigeria, saying she has nothing to do with the Islamic northern region.
She also accused the Nigeria Police of robbing citizens instead of protecting them.
She said: “My experience with the Nigeria Police was very negative. Coming to the UK, my experience with the British Police was very positive.
“The police in Nigeria will rob us (laughter). When people say I have this bad experience with the police because I’m black, I say well…I remember the police stole my brother’s shoe and his watch.”
Featured
Glo Festival of Joy Promo Draw Holds in Abuja
In furtherance of its ongoing scheme to excite and reward its subscribers across the country, Globacom, on Friday, in Abuja, held another draw to select winners in its Festival of Joy consumer promotion.
The draw, held at the Gloworld, Aminu Kano Crescent, Wuse, had the presence of several observers including Glo subscribers, members of the media and Martin Oteh who led officials of the National Lottery Regulatory Commission (NLRC) to witness the process.
The company had before now presented prizes to winners in several cities since the promo started in October 2024, enabling hundreds of Nigerians who won various prizes to end the year 2024 on a joyful note.
As is the tradition since the start of the promo, the draw precedes the prize presentation exercise, which is to be done on Wednesday, January 22, 2025, at the same Glo office at Wuse, Abuja. The lucky subscribers include the winner of a brand new Toyota Prado and winners of tricycle, sewing machines, generators and grinding machines.
Globacom encouraged new and existing subscribers to dial *611# to opt into the promo and to also keep recharging (voice and data) during the promo period, in order to be eligible to win the prizes on offer. New subscribers can participate immediately by purchasing a new SIM, registering it and dialing *611#.
“New and existing customers are to recharge up to N100, 000 cumulatively during the promo period to qualify for the draw for the Prado Jeep, N50, 000 cumulative recharge for Kia Picanto, N10, 000 in a month for tricycle and N5, 000 total recharge in a month to win a generator. For the sewing machine, a total recharge of N2, 500 in a month is required, while for the grinding machine, a recharge of N1,000 in a week will be eligible for the draw”, the company noted.
-
News6 years ago
Nigerian Engineer Wins $500m Contract to Build Monorail Network in Iraq
-
Featured7 years ago
WORLD EXCLUSIVE: Will Senate President, Bukola Saraki, Join Presidential Race?
-
Boss Picks7 years ago
World Exclusive: How Cabal, Corruption Stalled Mambilla Hydropower Project …The Abba Kyari, Fashola and Malami Connection Plus FG May Lose $2bn
-
Headline6 years ago
Rehabilitation Comment: Sanwo-Olu’s Support Group Replies Ambode (Video)
-
Headline6 years ago
Fashanu, Dolapo Awosika and Prophet Controversy: The Complete Story
-
Headline6 years ago
Pendulum: Can Atiku Abubakar Defeat Muhammadu Buhari in 2019?
-
Headline7 years ago
Pendulum: An Evening with Two Presidential Aspirants in Abuja
-
Headline6 years ago
2019: Parties’ Presidential Candidates Emerge (View Full List)