Amid Controversy, Platform Capital Shares Impacting Projects Driving Economic Growth

Amid controversy, Platform Capital, a leading investment firm, has shared some of its impacting projects propelling economic growth across the nation.

The firm made these highlights in a press statement it issued at the weekend.

Among its projects is the Duport Midstream Energy Park, which includes a Modular Refinery and various technology companies.

The energy park, located in Egbokor, Orhionmwon Local Government Area of Edo State, is valued at well over $500m.

It is the first modular refinery in Nigeria that is fully operational and has started contributing towards the availability of petroleum products, creating jobs and boosting the nation’s economy.

Duport Midstream developed the first energy park in Nigeria, addressing challenges in the downstream sector.

The energy park comprises a 2,500-bpd modular refinery, a 60-million-scf gas processing plant, a 50-megawatt power plant, a 10 million scf compressed natural gas (CNG) plant, 30,000 MT refined product terminal, a Tier IV Data Centre and a 5MW embedded power plant.

FCMB is the lead debt financier of the Energy Park and its Modular Refinery alongside other banks. This partnership aims to impact many sectors of the economy.

It is important to note that the Duport Modular Refinery is one of the first modular refineries in Nigeria that has started operations and has boosted local content.

Platform Capital is also a leading investor in the technology sector, with over 70 technology investments globally.

These companies include Koko Networks, Koniku, RxAll, Omnicharge, and Solo Funds.

Platform Capital further described itself as a reputable firm with a global reach. “We value our clients and partners and try to maintain credibility, transparency, and integrity.

“We are not oblivious to the various personal attacks and rumours peddled against the CEO.”

According to the firm, these rumours are all attempts to grab management control of Duport Midstream and the modular refinery from the firm’s CEO – Dr. Akintoye Akindele.

Platform Capital is a global investment firm that has invested in companies worldwide.

“We have supported the growth of these companies and have impacted the lives of people in the community,” the statement read in part.

Therefore, Platform Capital implored the public and investors to remain calm as the legal process continues.

The operations of Platform Capital remain robust, and every measure is being taken to safeguard the company’s interests and ensure that its fortunes remain unaffected by these baseless allegations and attempts to destroy the credibility of Dr. Akintoye Akindele.