Teinbo Saturday Seliyefubara Jack-Rich, a wealthy businessman and politician, is one man Nigerians should watch out for in the new political dispensation. Just last month
Although he was already a successful businessman, his decision to step down for Tinubu during the 2022 presidential primary of the All Progressives Congress, APC, has endeared him to the President. He is already beginning to reap from where he had the foresight to sow. During the week, his company, Belema Oil Producing Limited was one of the two companies that got crude oil terminal licence. The other is the Nigerian National Petroleum Company Limited.
While NNPCL’s crude oil terminal will be based in Akwa Ibom state, Belema’s terminal, the 1st hybrid crude export terminal, will be located in Rivers State. Also, while NNPCL will establish 2,179,747 barrels of crude oil within the waters of the exclusive economic zone, Belema Sweet Export Terminal Limited will establish 2,000,000 barrels of crude oil at 20 Nautical Miles of Kula Southern Part of the exclusive economic zone. Jack–Rich revealed that his terminal has the capacity to add over $11 billion to the national revenue, over 400,000 barrels of crude daily with a storage point that could store eight million barrels of crude and is guaranteed to provide 100,000 jobs to employment seekers.
At 48, Jack-Rich has no doubt done well for himself. A graduate of Petroleum Production from Panola College, Cartage USA, he also obtained degrees from the University of Wales and USAM Porto-Novo, Benin Republic, in Business Administration.
A former presidential aspirant on the platform of the All Progressives Congress, Tein and his wife, Elizabeth were both named highest-ranking members of the APC Presidential Campaign Council from Rivers state after the primaries.
Shortly after the primaries where he emerged winner, Tinubu and his team paid him a visit and not long after that, he was appointed the Deputy Director of the PCC Fundraising Committee. A philanthropist of note, Tein is married to Ondo State born Elizabeth, an adopted daughter of the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi Ojaja 11.
