Sunnycliff:
Is Buhari still a Saint? No body should tell me his too innocent for all these scams

Wallade:


My brother, power corrupts, even the very best of saints will find it difficult to resist corruption at that level.

Buhari is a disappointment!

brainpulse:
Mischievous Igbos liars won't stop at nothing. The more you continue the more the whole nation hates you. South Africa already hates and kills you anyhow. Your propaganda, liars and twist doesn't werk anymore.
We know you hate everyone except yourselves because of your selfishness and greed

FuckTheZero:
Trash

The amount of English embedded in a statement is directly proportional to the corruption involved.

hucienda:
lol ... com an see american wonder

Osinbajo don take style untangle himself from Baru and Buhari.

dis administration is beyond comedy.

NothingDoMe:
You are too old for this. I expect you to use your several monikers and begin to like this comment.

We are talking about NNPC you want to shift our focus to Buhari's other mess up with the world bank. We cant combine two messes at once. calm down. lets handle NNPC mess here first.

brainpulse:
Look we all understand what's happening, before the election, it was the same liars against Buhari, the north and the south west. Some of you boosted that Buhari will never win. When he won, he decided to visit the south east you people threatened he shouldn't come or else his life will be in danger......and it continues till now. All you don't know is that you attract hatred to yourself from everyone around you. Just continue

HIGHESTPOPORI:
Where is our $26Billion?

kitaatita:
Most of the responses are neither constructive nor objective; just name calling and insults. They don't even make reference to the substance of the report anymore. Seun needs to protect Nairaland from sinking.

Jolar101:
Lying APC and Buhari's administration.

Damage control indeed. APC and Buhari strategizing on how to divert/steal oil money for 2019 elections.

APC and Buhari's cabals are trying so hard to confusing electorates to join their few zombies.

Bizibi:

Discussing the two mess alone will make one confused.......

Enice:
In 2015 GEJ got about 12million votes while PMB got 15million. So it is not possible for everybody to like PMB. You are part of the minority of voters and will keep remaining so.

FuckTheZero:
Trash

The amount of English embedded in a statement is directly proportional to the corruption involved.

presidency:
What ‘Ag. President’ Approved For NNPC Were Not Contracts

Our attention has been drawn to some misleading reports suggesting that the Vice President approved certain procurement contracts for the Nigerian National Petroleum Corporation (NNPC). This is totally false, as the approvals referred to were actually for financing arrangements in replacement of the traditional Joint Venture Cash Call obligations.

In the statement of NNPC recently released in response to allegations made by the Minister of State for Petroleum Resources, reference was made to various financing arrangements with NNPC’s Joint Venture Partners, which were approved by the Presidency under the current administration.

There were three such loan financing arrangements made for:
(i) NNPC/Chevron Joint Venture Project
(ii) NNPC/Chevron Accelerated Upstream Production Project
(iii) NNPC/Shell/Total/Agip Joint Venture Accelerated Upstream
Production Project

While the first was approved by the President in person, the second and third were approved by the Vice President as Acting President.

The NNPC Act, Cap. N. 123, Laws of the Federation, (updated to 2010), authorises the Corporation to borrow such sums as it may require in the exercise of its functions.

Sub section (2) goes further to specify the only precondition:
“The Corporation shall not, without the approval of the President, borrow any sum of money whereby the amount in aggregate outstanding on any loan or loans at any time exceeds such amounts as is for the time being specified by the President.”

Furthermore, subsection (4) provides that
“Where any sum required aforesaid –
a. is to be in currency other than Naira; and
b. is to be borrowed by the Corporation otherwise than temporarily,
the Corporation shall not borrow the sum without the prior approval of the President.

These financings are purely commercial loans obtained by NNPC and its Joint Venture partners, mainly from local and foreign banks, to perform their exploration and production activities. Repayments are also made out of revenues from the crude oil produced directly by the funded project. Unfortunately, they are being confused with contracts for goods and services.

The alternative financing arrangements became necessary as inability of Government to meet its cash call obligations had stalled further investments in the petroleum sector and reduced the country’s production capacity.


Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
12 October, 2017

brainpulse:
Look we all understand what's happening, before the election, it was the same liars against Buhari, the north and the south west. Some of you boosted that Buhari will never win. When he won, he decided to visit the south east you people threatened he shouldn't come or else his life will be in danger......and it continues till now. All you don't know is that you attract hatred to yourself from everyone around you. Just continue

honourhim:


Oga has Buhari's love for your region made it look like Paris? Stop deceiving yourself. Majority of Igbos didn't vote Buhari and they have never regretted their actions till today. Even in 2019 some of us that belong to the 5% that voted him will not vote for him again.
One thing you can see in the Igbo man is his never dying Spirit. They have consistently kicked against Buhari despite his evil machinations and intimidation tactics against them. Buhari does not put food on our table. We struggle on our own to make money. We dont rely on government money or politicians to throw money to us, that's why our people are boldly confronting Buhari rather than pretend to like him.