Dr. Mrs. LETITIA MACDONALD Shocks Rivers People

• Sells Her MACDONALD Memorial Varsity & Institute

The property business in Port Harcourt has been agog since 2022 when  Dr. Mrs. Letitia Ineba Inegogo Osler Macdonald, placed her 2 precious real estate properties for sale. The two properties all situated along Igwurita-Airport-Owerri Road, include Macdonald Memorial International Institute M.M.I.I and Macdonald Memorial International University, Port Harcourt Rivers State. The University land is titled Property A which has 171 hectares of land measuring 424,681 acres which houses virgin land with prefab fencing structure, gate house and borehole. The value price for this property is Sixteen Billion Five Hundred Million Naira N16.5B with C of O.

Accompanying this choice property is the property B as enlisted in the real estate market which is the Macdonald Memorial International Institute M.M. I.I, Port Harcourt. This second property has a space of 27 Acres with a Deed of Assignment as it’s title while the value is put at Thirteen Billion and Five Hundred Million naira, N13.5B. The owner of this sprawling property is a woman who through hard work earned and controlled Rivers State business world from 1980s to 1990s when she acquired majority of real estate properties in and outside Port Harcourt. She has the foremost private primary and secondary schools where the high profile families send their wards and valued children. Call it a real elite institute judging by the quality of members of the faculty and administration staff. Macdonald Memorial International Institute in its prime days represented a topnotch institution where the sons and daughters of famous Oil & Gas stakeholders attended before the advent of sending children to Ghana for academic excellence made its debut  in the early 2000AD.

Lady Letitia Ineba Inegogo Osler Macdonald also owns Toki Grand Hotel, a 4-Star hospitality outfit located inside Trans Amadi Industrial Layout in Port Harcourt where Oil & Gas industries with related service companies operate.

Knowing the value of money and workers especially middle income workers, she established Toki Rainbow Micro Finance Bank Ltd with Corporate Affairs Commission Registration number RC 272080 incorporated on 11th of May, 1995 although, inactive now, it is located inside Toki-Hotels premises Plat 68 Nkpogu Trans Amadi Industrial Layout Port Harcourt.

This Kalabari born astute industrialist cum entrepreneur, Dr. (Mrs.) Letitia Osler Macdonald, is well educated with impeccable academic resume having bagged her first degree and Master’s Degree with flair in writing and endowed with sharp Communication skills.

If you think that Dr. (Mrs.) Letitia Osler Macdonald is done with investment profiles, wait until you meet her daughter Ms. Tokini Kingston who is a Director in most of the high profile investments she has. The reason for this may not be unconnected  with her plans for the future, knowing that she will not be arbund forever. With her daughter as a director, she is saddled with overseeing all her mother’s investments including Macdonald Memorial International Institute MMII and Port Harcourt. Jereh Oilfield Equipment with over N100m Share Capital.

However, there is a new development as it appears that MMII, is giving way to an entirely new company that goes by the name, Active Marine Surveillance And Coast Guard an indication that Macdonald Memorial International Institute Port Harcourt is no more in operation but Active Marine Surveillance and Coast Guard a private Maritime law enforcement, Maritime response, Maritime prevention, maritime transportation system Management, maritime Security operations and maritime defense operations outfit is now the new occupant of the over N30B Property A and Property B estate. This depends if the two high valued properties were sold in parts or in whole as advertised in the real estate property market which is online and in public domain.

Having read Online that the highly priced institution is now in the real estate market for sale, some of the ex-students of the institution reacted this way, Emmanuel Mani wrote “Just knew about this today…but why… a place that gave so much memories that’re still fresh after 19 years…Oh my dear hostel, dining hall, Assembly hall. Delight Opurum also said “Why do they want to sell the school?”

For Anne Fubara she said “Why are they selling the school?”

It was said that “In M.M.I.I …value is what you become to your family, friends and society after being exposed to sophisticated education.” Albert Einstein said, Strive not to be a success, but rather to be of value.”

It was gathered that the owner of Macdonald  Memorial International Institute having watched closely how the family of late High Chief Olu Benson LULU-BRIGGS struggled with his multi-billion dollar estates in Nigeria and abroad which delayed his burial for almost 3years after his death, must have prompted Lady Dr. Mrs. Letitia Macdonald, to sell her highly valued properties now that she’s alive.

-Emeka Amaefula

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