Billyonaire: The response from NNPC is highly professional, just the opposite of what Sanusi wrote.

Can the President be allowed to even concentrate ? How can Sanusi not understand the workings of the Government parastatals after 4yrs, I can only assume he was judgmental while proceeding with his investigations hence the display of ignorance.

I keep emphasizing that intelligence should be channeled to innovations, not ignorant criticisms. I remember someone saying that Polymer is the best thing in the world of currency, then rescind later after billions have been wasted. Someone also so said, economy will crumble without 5000 notes, almost making me believe him, now we haven't crumbled without the 5000 notes, the last thing I want is another mallam confusing us. Now another mallam is preaching "Body Language".

I take a bow

Gamji007: javascript:void(0);
This guy is gradually beginning to sound like Musiwa.

Billyonaire: The response from NNPC is highly professional, just the opposite of what Sanusi wrote.

Can the President be allowed to even concentrate ? How can Sanusi not understand the workings of the Government parastatals after 4yrs, I can only assume he was judgmental while proceeding with his investigations hence the display of ignorance.

I keep emphasizing that intelligence should be channeled to innovations, not ignorant criticisms. I remember someone saying that Polymer is the best thing in the world of currency, then rescind later after billions have been wasted. Someone also so said, economy will crumble without 5000 notes, almost making me believe him, now we haven't crumbled without the 5000 notes, the last thing I want is another mallam confusing us. Now another mallam is preaching "Body Language".

I take a bow

Sunny_bobo: This is what happens when you have a man with Masters in Islamic studies heading the Central Bank.

Sunny_bobo: This is what happens when you have a man with Masters in Islamic studies heading the Central Bank.

Ngwakwe: We will get to the root of the matter as more information and detailed explanations of claims and counter claims surface.

It is either Sanusi Lamido wants to claim I too know where his ignorance started or NNPC is trying to convince Nigerians that there was communication gap between CBN and NNPC..

We are yet to hear how NOI, DAM and Jonathan connived to swindle the 76% of $65 Billion belonging to all of us or was it an attempt to lynch our top most enemies and shout corruption, corruption where it never existed.

We will be waiting for more information to enable us (the citizens) to add one and two in order to see if we will get three.

ballabriggs: Sanusi has been Governor of CBN for over 4 years now and it is not the first time he has seen inflows into the federation account. If something unusual has happened, he can always tell.

For him to have written such a letter to Jona, then the situation must have gone really bad.

Nigerians pray hard for your country.

Billyonaire: The response from NNPC is highly professional, just the opposite of what Sanusi wrote.

Can the President be allowed to even concentrate ? How can Sanusi not understand the workings of the Government parastatals after 4yrs, I can only assume he was judgmental while proceeding with his investigations hence the display of ignorance.

I keep emphasizing that intelligence should be channeled to innovations, not ignorant criticisms. I remember someone saying that Polymer is the best thing in the world of currency, then rescind later after billions have been wasted. Someone also so said, economy will crumble without 5000 notes, almost making me believe him, now we haven't crumbled without the 5000 notes, the last thing I want is another mallam confusing us. Now another mallam is preaching "Body Language".

I take a bow

Sunny_bobo: This is what happens when you have a man with Masters in Islamic studies heading the Central Bank.

“He explained that revenues from crude oil liftings are in various categories, namely Equity Crude; Petroleum Profit Tax, Royalty, Third Party Financing and the Nigerian Petroleum Development Company, NPDC. Revenues from each of these categories are statutorily collected by different agencies of the government. The NNPC collects only one of the aforementioned categories, namely Equity Crude. Petroleum Profit Tax is collected by the Federal Inland Revenue Service, FIRS, Royalty goes to the Department of Petroleum Resources, DPR, Third Party financing goes for Research, Development, Program and Satellite fields Development, while NPDC goes to NPDC for upstream development.

“While NNPC pays proceeds from Equity crude directly to the Federation Account with the CBN, the FIRS and DPR pay PPT and Royalty respectively into the Federation Account with the CBN. The sum total of these proceeds make up the alleged unremitted revenues, Dr. Ibrahim stated.

“The 24% of total crude oil revenue receipts which the CBN governor is reported to have acknowledged that NNPC remitted represents the proceeds from the equity lifting which NNPC is directly responsible for. The alleged unremitted 76% was paid to the agencies that are statutorily empowered to receive them for onward remittance into the Federation Account”, Dr. Ibrahim explained.]

awodman: I just wanna understand something..

Please have we gotten to the point that the person who makes an allegation is definitely right no matter how cogent and convincing the rebuttals are?

A report in 2011 by Transparency International and Revenue Watch found NNPC to have the poorest transparency record out of 44 national and international energy companies it evaluated.

kenlash1: ur statements alone doesn't even convince u, aw many yrs has SLS spent as CBN president? So u mean he doesn't Knw wat to expect as returns from crude sales?

DerideGull:


And what would be the proper procedure? For your own guidance please refer to the CBN 2007 act. The CB Governor reports directly to the President! Not the Finace Minister.I cannot therefore link your example of " a mere treasurer. ..." to the issue at hand.

You are known for unguarded sentimental outburst and occasionally spewing crap. I remembered the craps you vomited during Stella Oduah's debate on this forum only to found out a dullard such as you does not even comprehend the connotation of the word- corruption.

I really wonder why a mere treasurer will take up a matter of financial discrepancies with the chairman without notifying the financial secretary. Nigeria is really a jungle. I expect the House committee on finance to invite Sanusi Lamido Sanusi, NNPC director and Minister of Finance for a hearing.

Sunny_bobo: This is what happens when you have a man with Masters in Islamic studies heading the Central Bank.

Sunny_bobo: This is what happens when you have a man with Masters in Islamic studies heading the Central Bank.

Sunny_bobo: This is what happens when you have a man with Masters in Islamic studies heading the Central Bank.

awodman: I just wanna understand something..

Please have we gotten to the point that the person who makes an allegation is definitely right no matter how cogent and convincing the rebuttals are?

re@lchange:
sanusi is flying a kite
only he knows the real motive behind his letter
because he can't convince us that he just woke up to see this
where was he all these four years?
his term ends next year