kaboninc:


You're funny and sill.y. I just don't have any apology for using these words on you because you really deserve it. So any time you stup.idly quote me, I'll use very insulting words on you.

You make things difficult for everyone here when you spread lies. You did not properly read my replies to jp. And you are the wrong guy here!

Jpphilips alleged that these assets were "diverted" when he made this ridiculous allegation:



In your timid brain, the asset (and not interest) were alleged to have been diverted - to you, Aura2 Oil Corp - and not interest.

And here you're saying "divested"?

Before I continue, what do you know about that transaction? Don't let me feel am talking to a jpphilips2.



Before we consider your sill.y analogy and ignorant question, let's look at the status of Finbank after the merger of First Atlantic, Inland and co. What was the pedigree of Finbank? Care to tell us?

Secondly, FCMB ACQUIRED Finbank. FCMB has been existing before the merger and subsequent acquisition. So what has FCMB got to do with Neconde which is just like Finbank?

Stop mentioning me abeg. Please I beg of you.

You're asking unnecessary questions. If you have a problem with my facts, why not counter it? Is it that difficult?

kaboninc:


You're funny and sill.y. I just don't have any apology for using these words on you because you really deserve it. So any time you stup.idly quote me, I'll use very insulting words on you.

You make things difficult for everyone here when you spread lies. You did not properly read my replies to jp. And you are the wrong guy here!

Jpphilips alleged that these assets were "diverted" when he made this ridiculous allegation:



In your timid brain, the asset (and not interest) were alleged to have been diverted - to you, Aura2 Oil Corp - and not interest.

And here you're saying "divested"?

Before I continue, what do you know about that transaction? Don't let me feel am talking to a jpphilips2.



Before we consider your sill.y analogy and ignorant question, let's look at the status of Finbank after the merger of First Atlantic, Inland and co. What was the pedigree of Finbank? Care to tell us?

Secondly, FCMB ACQUIRED Finbank. FCMB has been existing before the merger and subsequent acquisition. So what has FCMB got to do with Neconde which is just like Finbank?

Stop mentioning me abeg. Please I beg of you.

You're asking unnecessary questions. If you have a problem with my facts, why not counter it? Is it that difficult?

Eruditor:


Weak, Puerile and diversionary. If you cannot see how her analogy relates to the NECONDE-NPDC debacle, perhaps, you are not as intelligent as you think you are.

Aura2:


This is what I think about you;

You dont care about Jp's plan
You don't care about how his plan will benefit the Nigerian people.
You are only interested in protecting the people who have created the inefficiencies that Jp has exposed, that is why you duel on pettiness that has no relevance to the issue at hand.

if you are not looking for co ordinating Minister, you are looking for interest vs assets, we are all laymen in the oil and gas industry and people should be able to sell their views without intimidation.

Jp has exposed a lot of fraud that needs to be looked into for the greater good but you won't stop with your distractions and insults.

**At the very least, we now know that a lot of things were handled badly by the finance ministry which all accumulated in the subsidy the Govt is crying about

** We know that NPDC is not a totally useless agency if we do the right thing .

** We know the direct relationship between power and subsidy,

** We know that most Nigerian refineries have no feedstock.

These are issues that I am sure most Nigerians like myself don't know about, your evil machinations will not allow us to learn anything, you write long unrelated nonsense just to make the thread unreadable yet not addressing the main issues.

You could hardly answer any direct questions that indicts your pay masters, rather you quickly degenerate to insults and you are not alone in this madness since I went through the thread.

I will pray for you to repent but if you continue with this demonic exercise you may not have the privilege to leave office like Jonathan, you may likely meet your end. Don't say I didn't warn you, Nigerians are watching.

NECONDE AS A CONSORTIUM HAS NO PEDIGREE, IT IS WRONG TO BEQUEATH PARTICIPATING INTEREST TO THEM!!

You could not prove that Gobowen is not the highest stakeholder in the NECONDE CONSORTIUM, yet Jp proved that the only experience they have is a marginal field acquired in 2013 operated with some other company,
Can you run your private company like that? because it is Nigeria then anything goes, what is wrong with you?

Why are you protecting and supporting evil?
Are you for Nigerians or against them because of underlying selfish interest?

God is watching you.

kaboninc:


Now this is what I also think about you.

You have an already made up mind set and hence you do not bother or care to consider analysis that's very much different from yours. That's terrible.

You even acknowledged that JP misplaced the actors. I found out that his claims are not only false but misleading. You of course do not have a problem with that.



That's what JP claimed and I've repeated debunked it. I've said that these claims are false. JP claimed that the Minister of Finance devalued the naira. I corrected him. He said she incurred an exchange rate differential and I told him, that's wrong as she didn't. But you shut your bad eyes to it. Terrible and disgusting of you.



I also corrected him on his allegations against Madueke with respect to the sales of oil assets. You even claim - by your submissions - that they are true?



Oh, when he talked about usage of electricity across densely populated regions?

** We know that most Nigerian refineries have no feedstock.

That's another lie from JP. I see you've bought it too.

These are issues that I am sure most Nigerians like myself don't know about, your evil machinations will not allow us to learn anything, you write long unrelated nonsense just to make the thread unreadable yet not addressing the main issues.

You could hardly answer any direct questions that indicts your pay masters, rather you quickly degenerate to insults and you are not alone in this madness since I went through the thread.

You've really not seen an evil machination. I've answered direct questions and even went as far as explaining it. Sadly, just because you're lazy, I should not bother responding to your own direct questions, questions I've already answered. I had expected you to go through the thread but you refused.

You must have some unscrewed nuts in your head saying I did not answer your questions when you claimed "oversight" to one of my replies to you.

I will pray for you to repent but if you continue with this demonic exercise you may not have the privilege to leave office like Jonathan, you may likely meet your end. Don't say I didn't warn you, Nigerians are watching.

NECONDE AS A CONSORTIUM HAS NO PEDIGREE, IT IS WRONG TO BEQUEATH PARTICIPATING INTEREST TO THEM!!


Oh, sharap. Pray for yourself. You need it more than me.

See the non.sense you wrote up there! Most folks who read this will laugh at you. Neconde has no pedigree yet they paid over $450 million to acquire an interest in an asset? They acquired 45% interest.... Now I see, you're jpphilips and just like he doesn't know what a "consortium" is, so also you don't.

I've given my analysis of Neconde and you acknowledged it. Yet you go on to ask me again? I returned a sill.y question you asked and you couldn't even answer it? What is the pedigree of Finbank - post bank consolidation - to warrant the company operate as a national bank? If you cannot answer just this, please remain silent.

You could not prove that Gobowen is not the highest stakeholder in the NECONDE CONSORTIUM, yet Jp proved that the only experience they have is a marginal field acquired in 2013 operated with some other company,
Can you run your private company like that? because it is Nigeria then anything goes, what is wrong with you?

Why are you protecting and supporting evil?
Are you for Nigerians or against them because of underlying selfish interest?

God is watching you.


I thought you claimed to be a layman in the oil & gas industry.

I was never in contention as to who is the majority shareholder in the Neconde consortium as there are no public records to that effect and I can't go to the CAC to get it either - you don't pay me. I challenged him because I know he has nothing to back his claim. He brought a piece from Nestoil which claimed they have a major stake in the asset while I also said that a company that has a 40% interest is also a major shareholder. Or don't you agree?

I was able to list the various entities that make up the consortium and placing emphasis on one - Serinus Energy (Kulczyk Oil Ventures) having substantial experience to warrant the participation of an acquisition of such an asset. But just like the bile jpphilips, you've shown to be worse than him.

I also corrected jpphilips about his claim of OML 88 which he alleged was transferred to Gobowen. I told him it wasn't the entire asset but a field (Oriri Marginal Field and that's different from Oil Mining Lease) in OML 88. besides I corrected him that that field has never been developed by Chevron - he said he remembered in 2013 when Chevron used to operate the field........

Gosh, you stink. Did you read this thread at all?

Don't you ever use your forsaken hands to write rubb.ish against me. EVER!

What a terrible way to start a Monday!

Aura2:


You are even more s¡lly than I thought;
He claimed Chevron used to operate that field, did he sound like he doesn't know about the field?

Gobowen's stake was a marginal field operated in cohort with another company, just recently, in my opinion, even if you break down NECONDE, Gobowen does not have the pedigree to acquire whatever they got.

My question is this; Jp wants those divestment reversed because he believes our local production crude(not sure the term he used there) depends on that, can you suggest where else we are going to get that??

Where are we going to get a fairly stable crude to feedstock our refinaries? I guess that is where the whole NECONDE debacle started from (I may be wrong though), can you provide us with that?

Do you have a better idea on how to source that crude if NPDC production is ignored?

Deep down, you know that Gobowen holds the highest stake in the NECONDE CONSORTIUM, he asked you if the principal officer in a consortium is selected from a minority stake holder? you didn't answer that.
I have good experience in that area and I consider that question very relevant.

In a weak attempt to justify the breakdown of the NECONDE consortium, you hung their technical capabilities on Serinus Energy, jp proved that Serinus holds no equity in NECONDE directly.

How will the consumers be protected after you have out rightly removed subsidy?

You claim Jp lied that Nigerian refineries don't have a feedstock that guarantee cheaper products, can you tell us where Warri refinery is feeding from?

Is that source sustainable after subsidy is removed? I really didn't get much from his terminologies but I will be glad you address these issues.

I care less whether you believe iweala is a saint or not, Beleratie has given me an acceptable response which indicted her competence.

You even mentioned that Capital oil store product for NNPC that is an appalling process, jp highlighted the disadvantage of that practice and he proposed a stop!!

From what you explained as the duties of the finance ministry, I have no doubt that your sweetheart Iweala was paying the rent and it all adds up in the dreaded subsidy figures, Jp identified it as a wrong practice and should be stopped, is he lying there too?

$450m?? In my line of work, I have investigated several companies that politicians use as a front, my dear, raising that sum does not prove any track record, that money could come from anywhere, try harder.

Like I told you before now, you support evil and that is not what the thread is meant to achieve.

kaboninc:
atlwireles,

I see you viewing this thread.

atlwireles:


I get your updates. One of the few with real knowledge.

Thanks.

kaboninc:


You have stu.pidly quoted me again.

You no dey hear word?

Someone who claims to know about the field says the field was operated by Chevron. I've provided evidence to prove the contrary that Chevron NEVER operated that field, that is why it is called a MARGINAL FIELD. You are really insane to talk about this issue. Can you provide a proof that Chevron actually operated that field?



Gobowen again? A subsidiary of Nestoil? You talk about the pedigree of Gobowen and you can't talk about Nestoil? You are too dumb for my liking. Damn it!!!!

[size=18pt]You have not told us the pedigree of Finbank - after consolidation[/size]



Sharrap. Don't misinterpret your alter-ego. He never wanted the "divestment" to be reverted but the "diversion".



You don't even know how the Neconde debacle started. You don't even know if we talked about feed stocks. You are MAD to even say this. You never cared to read the initial replies and you jumped into conclusion? People like you are those they call ignorant f.ools.



For your information, whether NPDC exist or not, crude oil exploration and production will continue to be sourced.



You have a bleak experience in that area. I have said it before now that I am not in contention of who owns the majority stake because there is no publicly available record to show that. And yes, I said that for the fact that a principal officer is appointed a chairman doesn't mean he owns a majority stake in that entity. It is not compulsory and not a MUST either. In most cases, the majority shareholder can assume the chairmanship position but not in all cases. Some companies appoint individuals who do not even have a unit into a chairmanship position. Such cases could be for exposure and patronage. Do you understand now?



You have the brain of a sheep. You did not even read my submission. Don't make me keep insulting you. Please, I beg of you. You're getting on my nerve. I don't have patience dealing with people who just decide to be ignorant.



Another stu.pid act from you. What Balaratie gave you had some irregularities. I chose to ignore it hoping he would clarify. Besides, he came up with two strategies - one of which is SANITIZATION which I agree. But how we go about it is a different thing entirely. When you've read my various rebuttals to jpphilips, we would talk about "consumer protection"



Go and read up my submission about Capital Oil and NNPC.

Even with my explanation of the duties of the Finance Ministry, you still do not know how far her capacity can be stretched.



Oh, you can as well supply the money. For all we know, the money is a SUBSTANTIAL amount.

Aura2:


I will recommend jp's idea pending when you will come up with something sane

kaboninc:


[size=18pt]Okay[/size]

while waiting, please consider this question:

[size=18pt]what is the PEDIGREE of FINBANK - post consolidation.[/size]

kaboninc:
atlwireles,

I see you viewing this thread.

baralatie:

that is why I am afraid of the direction of the thread.
what I wrote about the position of the ministry of finance as regards payment has been mis- interpreted.a very simple which I posted was left only to chase insultatious comments like the era of waaay back then.

Aura2:


Is it surprising why the synergy failed in just three years of operation?

kaboninc:

[size=18pt]what is the PEDIGREE of FINBANK - post consolidation.[/size]

kaboninc:


I don't know where you came from but I'll assume you have brains.

Do you mind telling us the pedigree of Mainstreet Bank, or Ikeja Distribution Company or Finbank (post consolidation)?

We'll start from there. Let's see who's really dull.

Eruditor:


What is the pedigree of NECONDE as a consortium?

Can you see why Jpphillips' and Aura2's position on NECONDE's hasty acquisition of the interests in that asset are in order? There was no bidding process whilst NPDC were left in the dark till the supposed 45% stake was paid for. Meanwhile, SHELL values the participating interests of that asset to be $2.11B, NECONDE coughed out according to you $450M (BTW, according to NPDC $300M) yet that somehow amounted to 45% of the stake? When it really should have been 21%. Then Madam Deziani and Lawyer Muoneke immediately ordered all the NPDC workers on that facility to vacate it forthwith and you think there is nothing wrong or amiss? Especially when we consider that NECONDE (and her participating companies)do not have any tangible experience whatsoever in operating assets in Nigeria.

kaboninc:


[size=18pt]what is the PEDIGREE of FINBANK - post consolidation - to warrant it being given a national banking license[/size]

kaboninc:


Is it really necessary responding to you?

I don't think so.

However, I'll reconsider when you answer this:

Aura2:


This is what I think about you;

You dont care about Jp's plan
You don't care about how his plan will benefit the Nigerian people.
You are only interested in protecting the people who have created the inefficiencies that Jp has exposed, that is why you duel on pettiness that has no relevance to the issue at hand.

if you are not looking for co ordinating Minister, you are looking for interest vs assets, we are all laymen in the oil and gas industry and people should be able to sell their views without intimidation.

Jp has exposed a lot of fraud that needs to be looked into for the greater good but you won't stop with your distractions and insults.

**At the very least, we now know that a lot of things were handled badly by the finance ministry which all accumulated in the subsidy the Govt is crying about

** We know that NPDC is not a totally useless agency if we do the right thing .

** We know the direct relationship between power and subsidy,

** We know that most Nigerian refineries have no feedstock.

** We know now that subsidy plays the role of consumer protection, reason it should not be removed out rightly.

These are issues that I am sure most Nigerians like myself don't know about, your evil machinations will not allow us to learn anything, you write long unrelated nonsense just to make the thread unreadable yet not addressing the main issues.

You could hardly answer any direct questions that indicts your pay masters, rather you quickly degenerate to insults and you are not alone in this madness since I went through the thread.

I will pray for you to repent but if you continue with this demonic exercise you may not have the privilege to leave office like Jonathan, you may likely meet your end. Don't say I didn't warn you, Nigerians are watching.

NECONDE AS A CONSORTIUM HAS NO PEDIGREE, IT IS WRONG TO BEQUEATH PARTICIPATING INTEREST TO THEM!!

You could not prove that Gobowen is not the highest stakeholder in the NECONDE CONSORTIUM, yet Jp proved that the only experience they have is a marginal field acquired in 2013 operated with some other company,
Can you run your private company like that? because it is Nigeria then anything goes, what is wrong with you?

Why are you protecting and supporting evil?
Are you for Nigerians or against them because of underlying selfish interest?

God is watching you.

"You don't know anything bro!

Even the little you claim to know is rubbish!

Please don't bring your hatred for this amazon here. The thread is for her celebration not damnation!"

jpphilips:



Look no further;


Caught the evil soul on another thread, read this;


A cracked soul with this mindset you expect will answer those legitimate questions you asked?
think again, his mission here is basically to protect Madueke and Iweala, nothing more, took a peep once in a while I was away but too busy to respond BTW I like that FinBank analogy.

To believe that evil souls divested a $2.1b interest for $300m, is the height of robbery on the Nigerian state.

Eruditor:


LOL. That all too familiar didactic aura of delusion where you think you have Google sermons to wow anyone with.

If you cannot tell us the pedigree of NECONDE or more specifically Gobowen post-consolidation, get to stepping. We would hazard our chances and stick to fine-tuning the workability of Jpphilips ideas.

Why would I take advice from groupies of those who virtually destroyed the economy with their pseudo-intellectualism and callow vituperations?

kaboninc:


[size=18pt]what is the PEDIGREE of FINBANK - post consolidation.[/size]

jpphilips:



Look no further;


Caught the evil soul on another thread, read this;





A cracked soul with this mindset you expect will answer those legitimate questions you asked?
think again, his mission here is basically to protect Madueke and Iweala, nothing more, took a peep once in a while I was away but too busy to respond BTW I like that FinBank analogy.

To believe that evil souls divested a $2.1b interest for $300m, is the height of robbery on the Nigerian state.

kaboninc:

Eruditor, Aura2 and jpphilips, over to you three!

baralatie:


well!, well!

so this is what is all about?it is about insults to personality or the person behind the monicker.
it could be said that the real reason was not about finding the solution for subsidy and increasing optimisation in the oil and gas but basically just about attacking characters(I.e. blame theory)
JP Phillips I congratulate you for reminding some us the way some people shouting for change in this politics section!

Rad1cal:


They are all one and the same person simply doing the needful by hiding behind an alternate ID spewing trash as ever.

Imagine how shamelessly low this jpphilips can go in a debate.


Bwahahahahahahahahahahahaha !!

kaboninc:


My brother, you're not far from the truth. I had to dig into the activities of that sh.emale Aura2 and had serious suspicions about her identity.

Now, she's AWOL, jpphilips has resurfaced! Even the mask behind that Eruditor is not far from my suspicions.

Imagine. People get triple life.

kaboninc:


I think you should give me credit for explaining my points. Some of us just do not like constructive criticism.

jpphilips:



Look no further;


Caught the evil soul on another thread, read this;





A cracked soul with this mindset you expect will answer those legitimate questions you asked?
.

VULCAN:
@jpphilips.

I admire the effort u have put in to come up with workable solutions. Such problem solving remains unknown to leadership in Nyja. I have been off Nairaland for a while so I will need time to digest your contribution.

Pls don't bother much about detractors. Ur solutions r not cast in stone so if someone has some better solution they should tell us without personal attacks. I will go through the whole thread and return.

Thanks for the effort. Congrats

VULCAN:
@jpphilips.

I admire the effort u have put in to come up with workable solutions. Such problem solving remains unknown to leadership in Nyja. I have been off Nairaland for a while so I will need time to digest your contribution.

Pls don't bother much about detractors. Ur solutions r not cast in stone so if someone has some better solution they should tell us without personal attacks. I will go through the whole thread and return.

Thanks for the effort. Congrats