Happiness87:
how many ministers head petroleum ministry at a time. are you also saying the ministers sponsored vandalism and bunkering which are the known reasons for losses

NwaNimo1:


Fighting each other!

989900:
According to President Goodluck Jonathan, 300,000-400,000 barrels of oil per day, or more than 10% of all Nigeria's production, is being lost at a cost to the state and oil companies of around £1bn a month – more than is spent on education and the health of the nation's 168 million people. Not only is Nigerian oil theft helping to keep the world price of oil high, it is causing corruption and social disorder, says the president.

"The figures are huge. [Oil theft]could destabilise Nigeria. The business is worth billions of dollars a year. It is on an industrial scale, and involves commodity traders, international [criminals] and a whole network of people. There are some allegations that the oil companies themselves are implicated," says presidential aide Ken Saro-Wiwa, whose father, along with other Ogoni chiefs, was executed in 1995 after a peaceful protest against Shell.

The scale of the "bunkering" has shocked observers. Thirty centimetre pipelines able to transport thousands of barrels of oil a day have been found leading straight from pipelines into the swamps. The Nigerian navy had to sack two admirals for their role in the disappearance of a tanker that had been seized for transporting 11,000 tonnes of stolen crude.

[i]"A lot of big-time stealing goes on. You know the oil you are offered is stolen," says one oil trader in Port Harcourt who asks to remain anonymous. "They give it to you without documents at a cheaper rate. I was offered 50,000 litres today for 55 naira (20p) a litre. But 75 nairais the cheapest you can get it from the government. You know it's a racket. There is no chance of getting caught because there is no system to catch people. Big business is big politics."

According to SDN, a medium-sized illegal refinery costs around £3,000 to set up but can earn that back in a few weeks. But the operators need to pay hefty bribes to the police and military, as well as to buy oil tapped off the 1,600km of pipelines that cross the delta. Each tapping point, says SDN, can earn more than £500,000 a month but its investors must pay armed guards, the military, contractors, local communities and even oil company staff.

Delta communities freely admit their role in the theft of oil but blame continuing poverty and pollution for their actions. "The government and oil companies are collecting our oil and we don't have jobs, or money so we have to collect the oil and refine our own," says a man in the village of Bolo near where an illegal refinery was set up five years ago.

Bolo leaders admit that the military was paid off. "When the refinery was working it used to refine around 10,000 litres of oil a day. It could only operate with the help of the police and military, The pay-off system to the armed forces and police was well organised. It was a plum posting for the military here. Most army have a lifestyle that you cannot explain," says Mela Oforibika, a lawyer and chief of the Bolo community.[/i]


http://www.theguardian.com/global-development/2013/oct/06/oil-theft-costs-nigeria




http://www.thisdaylive.com/articles/security-operatives-uncover-illegal-oil-wells-in-lagos-kogi/157288/

Jesusloveyou:
since u already know, is one oil minister u have, why is ur chief wailer asking for d minister to be mentioned

Dharniel:
that means there are some nigerian ministers who could actually make dangote look like a mere toy...

gbassa:
Guys I disbelieve this story, it is a big fake story to the first order. Can you ask how many barrels is Nigeria as a whole producing per day?
I am in the oil industry.
This is a big lai.

And you are trying to be clever by half.

This discussion is all about the Crown Prince
of Anti-corruption, Muhammadu Buhari's claim that a million barrel of oil a day was stolen Jonathan's ministers.

Are you suggestion with you post that all the bunkering and thefts in the Niger Delta were organised by Jonathan's ministers?

Only a fool will not see this as ridiculous.

Happiness87:
i hope you read this post well, to fully comprehend what crude oil theft is, before you start running your mouth again

Dharniel:
that means there are some nigerian ministers who could actually make dangote look like a mere toy...

tedd:
Its 20billion naira stoolen daily Using the current exchange rate. Let's even say at 150USD per barrel it still trancends to 450billion naira monthly or 15billlion naira daily. Habaaaaaaaaaaaaaa dat is way toooooooooo much stealing abeg. That makes it 5.4trillion naira in one year(Oh Lord of Mercy) and then multiply that by 6 years.......32.4 Trillion Naira Stolen in 6yrs(Jesuuuuuuuuu oooooooooo)or if u like 216Billion Dollars Stolen in 6 yrs from crude oil. I suggest they should all be shot by firing squad. Mind boggling Oles with no Conscience. Mcheeeeeeeeeeeeewwww

mkbessman:




sir pls check your calculations correctly! mind you its average of 160 to a dollar..... ur 200bn is alarming.... pls check it well

Happiness87:
this is what Happens when you listen to Radio and Tv continental, owned by Tinubu, they brainwash all your thinking and reasoning faculty. you become hypnotized.
i wish you know how much Tinubu's Oando makes from fuel Subsidy.

doctokwus:

Its just sickening.
Just watched d clip of the video.
The hall erupted in mad applause when he "promised" to get those moneys and prosecute the culprits.
Decent,hardworking Nigerians all over d world want to see that; its only the thieves and their cronies to go round shouting they are being persecuted.

989900:


Are you a clown by profession?

Or just plain ret@.rded?

Whichever, you'r amusing.

Happiness87:
i thought its Gej and his ministers stole it, is gej and his minsters responsible for the one that will be stole tonight

ApexTitan:
The rate at which Buhari brandishes these figures is shocking?

$150billion dollars missing
1 million barrels/day stolen.

The man had better provide concrete evidence for these wild and ludicrous claims. We are not fools who believe everything without verification.

CecyAdrian:


You are just confused. Supporting evil
Go and wail somewhere else

The presidency has accused multinational oil companies of complicity in the increased rate of crude oil theft in the Niger Delta.
The Special Assistant to the President on Amnesty, Kingsley Kuku, has said the companies are aware that their Nigerian employees engage in oil theft in the Niger Delta region and do nothing about it.
Mr. Kuku also alleged that highly placed individuals and groups were sponsors of those stealing the nation’s crude oil.
He said the process of illegally extracting crude oil from the pipelines in the coastal areas require highly technical and mechanical expertise which ordinary Nigerians or residents of the oil producing communities do not have.
Fielding questions from journalists at the State House, Abuja, Mr. Kuku absolved Niger Delta governors of complicity in the crude theft saying there was no evidence of their involvement.
He insisted that oil theft was an international crime and urged the international community to go beyond coming up with penalising oil theft as an international crime, and support the efforts of governments across the Gulf of Guinea and other parts of the region in dealing with these crimes.
“The best you can find the level of Niger Delta people or some merchants of this trade are those doing menial jobs in it.
“You will need high grade vessels and where you cannot load your illegal or oil theft, you are definitely going to find yourself in a mess where you will have to pay huge sum for demurrage, how many Nigerians have the capacity to do that? Very few people,” he said.[

BankeSmalls:


list of oil thieves will be incomplete if
tinubu
otedola
obj

are not specially mentioned

Happiness87:
[s]a second look at your username and profile Shows[/s] you are not worth my time or mb, I'll pass.

its obvious you are a dummy dullard,

doctokwus:

My dear,forget party affiliations.
No serious Nigerian would raise an objection even if Tinubu is found wanting and indicted.
If u are honest and hardworking, u can't but support any man that brings them down,so that @least everyone can have a level playing field

BankeSmalls:


has there ever been a level playing field in this world?

solomon?
dangote?
bush?

doctokwus:

My point is no country has ever progressed if govt position is the one guaranteed part to wealth.
That some people are born or have some advantage out of their honest endeavour is a different matter.

ugo227:
Nigerians should learn to ask questions.....our daily output is about 2.4million barrels. How wld PMB claim that 1million barrels is stolen every single day. Meanwhile the 2.4million daily output we are still looking for buyers for the excess. The ministers are not here to defend themselves.

Mekybliss:
BABA I thought you were here for your so call change. Why are you still dwelling in the past? Make yours count na. We dey wait.