Katsumoto: Personally, I have no respect for most of Naija's rich folks. Any monkey is capable of being wealthy if allocated an oil block. It is no surprise that the richest folks in Naija are connected with the oil industry. Dangote himself made his fortune from government enforced/backed monopolies. It is for that same reason that many folks don't reckon with Carlos Slim (world's richest man).

Katsumoto: Personally, I have no respect for most of Naija's rich folks. Any monkey is capable of being wealthy if allocated an oil block. It is no surprise that the richest folks in Naija are connected with the oil industry. Dangote himself made his fortune from government enforced/backed monopolies. It is for that same reason that many folks don't reckon with Carlos Slim (world's richest man).

afam4eva: @Shymmex and Sagamite
Both of you are right and wrong at the same time. We all know how people cut corners to get juicy deals in Nigeria. You have to know some one or know someone that knows someone to get an oil well in Nigeria. But i don't think this practice is peculiar to Nigeria. Even though the Bill Gates and Ellisons of this world put on their thinking cap to create a great product, that's just one step of the way. If they tell you what they did to get to the level that they're presently you'll see that it's a global practice. So, let's give the woman a break. Though i disagree that she's more intelligent than the average Nigerian because if the average Nigerian is given the kind of privilege that the likes of Dangote, Adenuga and Alakijas, they'll do just as much if not better.

Both of you should sheath your swords...

shymexx: ^^^Did she get for free or pay for it??

shymexx:

If she wasn't allocated the oil block for free and she went through the "due process" multinationals go through - what's the fuss about??

At the end of the day, it's a business and everyone is allowed bid it...

Anyway, I'll always support legit indigenous companies who're investing and paying taxes in Nigeria over multinationals who have been raping us since independence...

It's a capitalist society(albeit Nigeria's version is flawed) and till we change the system, the woman did no wrong IMO...

shymexx:

I don't even want to start listing the malpractices Microsoft is involved in... It's a global practice and everyone cuts corners to get juicy deals... However, as long as the business is legit and they go through the "due process" required at the place - you can't really blame them, can you??

Once you practice capitalism, it's always about cutting corners to maximise your profit... But it's also about supporting the lesser devil... Perhaps, that's why I'd rather support indigenous companies winning oil blocks and paying for them - than see foreigners doing the same thing and taking the money out of the country...

As far as I'm concerned, the woman did no wrong...

manny4life: This argument isn't going away anytime soon.

@Shymexx, I do have a question though - what was her net worth prior to the purchase of the oil block? The reason I ask because the change in value of Naira from then till now isn't really that significant? How much was this block bought for? So I went further to research about oil blocks and found that they run in tens of million of $$$. Question is, was she really worth millions of $$$ to be able to spend such heavy amount for the purchase?

However, I do agree with you that there's no multinational that isn't corrupt, though I seriously question their ethical behavior; nonetheless, I can't really blame them nor hold them accountable because the regulating govt that gave them the opportunity to harness that loophole is to be blame.

manny4life: This argument isn't going away anytime soon.

@Shymexx, I do have a question though - what was her net worth prior to the purchase of the oil block? The reason I ask because the change in value of Naira from then till now isn't really that significant? How much was this block bought for? So I went further to research about oil blocks and found that they run in tens of million of $$$. Question is, was she really worth millions of $$$ to be able to spend such heavy amount for the purchase?

However, I do agree with you that there's no multinational that isn't corrupt, though I seriously question their ethical behavior; nonetheless, I can't really blame them nor hold them accountable because the regulating govt that gave them the opportunity to harness that loophole is to be blame.

shymexx: This cu.nt stays riding everyone's dyck, jumping from pillar to post and stays changing arguments - because he has none! Freaking low IQ having eunuch!

And who the fvck gave you a Western passport? - bwahahahahahahaha

Pathetic liar!

Sagamite:

You lack the respect because you are not a product of a hoodrat education!

At your level, you need something more inspiring.

shymexx: ^^^^^^Bwahahahahaha - I don't have time for you and your dumb rhetoric...

Shout me when you graduate from adult school - till then, hit the motorway(preferably M5 at night)...

Ngodigha1:

You are my hero any time any day.

shymexx: Getting a cosign from Ngodigha1 is like getting a cosign from Musiwa - bwahahahaha

Birds of a feather with bushman pint-sized brains!

shymexx: Getting a cosign from Ngodigha1 is like getting a cosign from Musiwa - bwahahahaha

Birds of a feather with bushman pint-sized brains!

chosen04: she has an oil bloc that pulls in N157 million a day.

---------------------------------------------------------------------------------

SW peeps robbing the natural resources of SS people and not contributing a kobo to their "host upkeep"

vanessa_ra: How does one acquire an oil block? Need to change career fast

Sagamite:

Thank you! Don't mind the fucktards like shymexxx.

Nigeria's oil is being shared by some few and the criteria of getting a share is likely to be one the following:

- You are one of the corrupt leaders making the decision
- You have some political power the corrupt leaders making the decision respect
- You are a relative of one of the corrupt leaders making the decision
- You have bribed the corrupt leaders making the decision
- You are male bosom friends and part of the clique of one of the most powerful men amongst the corrupt leaders making the decision
- You can do something "extremely special" for one, or most likely many, of the corrupt leaders making the decision

Your guess is as good as mine which of the criteria she was able to meet to get an oil block.

While fucktards like shymexxx call her a shrewd business women. Fcking cretinous hoodrat with a poor education that one has to keep reminding he is daft.

If our oil is being distributed based on merit, how come someone like Hakeem Belo-Osagie does not have a huge oil block considering he is a shrewd Harvard-educated businessman with a degree in petroleum economics, was a former special adviser to the Presidency on oil and petroleum and has millions of dollars he made from UBA to pay for it? Fucktards like shymexxx think he does not want an oil bloc? He is not qualified or rich enough to afford it? Fcking cretin!

kolexy:

How did Hakeem Bello Osagie acquire Goverment shares in UBA? Where did he make his money from, if not from goverment. Or is Havard a money making institution, or is it family money? The fact that Hakeem schooled at Havard does not make him smarter than the rest of us. You can mention some other folks, but not Bello Osagie.

demmy:

Actually any Nigerian can apply for license, lease or contract to prospect for oil offshore. The problem is the typical Nigerian ignorance, they confuse prospecting for oil (oil block) for oil itself. Many Nigerians after having been awarded the oil blocks suddenly realized that they have no idea how, or the finance to bring out oil from deep under water. You can Google to see how much oil rigs cost. Or the technical knowledge needed. My point is its not beans to make money from oil blocks so don't change your career yet.

slimderek: She doesn't look 61

Baby mama: [size=18pt]The woman was the designer for First Lady Ndidi Mariam Babangida so if you are looking for how she got an oil bloc,there in lies your answer
Na so dem gather tif our collective wealth .[/size]
So when you accuse IBB of thievery remember the accomplices,male and female.
End of story

icez:

+1000
Always stealing N.D. oil.