Some evil people go cry in this new government o!


"...In the short run, we will not use the marketers for the PMS importation... we shall give all our local PMS needs that NNPC cannot refine to foreign firms to refine for us and pay them the cost of refining...
"We shall provide transport to ship crude to and from the foreign refineries and pay the cost of refining for us...I believe that will remove the subsidy fraud in the short run...
"when I give you 200,000 bpd to refine, you must give me the equivalent outputs that it will bring in kerosene, PMS, Diesel etc...
"...But in the long run, we shall encourage local refineries..."



https://www.youtube.com/watch?v=1gmnd4u09D8

- Gen. Muhammadu Buhari, President-Elect Federal Republic of Nigeria in an interview with TVC News

Oya

Source ?

No wonder the marketers wants to paralyse the country and get their blood money before the new government comes in

They knew such could happen thats why they called off their stupid strike so as to sell of what they got

Panicks everywhere Like an old woman pancake Oya let the bring blow and let's celebrate

Beginin to luv my nu presido buh hix tongue av been unstopable.

Lol, he made this speech in an interview in Daura as their operation strategy when he was NNPC chairman, and he may adopt the strategy again, that's why they want their fraudulent subsidy money so bad

Ghen ghen!!!

E don set!!

I'm sure the marketers remembered this speech and that is why they've been so jittery. I pray he remembers and adopts this measure, then we'd see where all the "round tripping" would be coming from.

Right. Had it too

This is the best news I've heard so far today. Kudos sir.

Someone please tell this man....this is 2015...not d 80s... can someone enlighten him of how populated naija is...We are watching...

akins56:
Source ?

https://www.youtube.com/watch?v=1gmnd4u09D8

I'm down for whatever betters the Nigerian nation.

But raising expectations too much is not a good strategy. Nigerians are now more adept and the popularity of smartphones today has given Nigerians the means of criticizing public officials by accessing numerous information.

This is the way to go, cut off the head of the snake !

No Source..........Fake News!! ..........Waste of time...............This Belong to Trash Bin..............Flip to the next thread.

Legitbaba:
Someone please tell this man....this is 2015...not d 80s...
can someone enlighten him of how populated naija is...We are watching...

so? increased population is a ticket 4 corruption? ...simply put, u are pathetic!

Why are you guys surprised at this development? It is what any government that is not corrupt and is genuinely on the side of Nigerians would do. I have said it many times that leading Nigeria is not rocket science. You do not need 4 PHDs to lead Nigeria well. What is required, above everything else, is the fearless will and decency to shun the need for self-aggrandizement and do what is right for the people always and in every sector.

This development is not new and even Femi Otedola has given this advice in the past i.e Nigeria should engage directly with foreign refineries to beat fuel subsidy scams, petrol queues and the other deleterious effects of using fuel marketers i.e glorified and unneeded middlemen that PDP Presidents have all kept in place because this helps their individual drive to stuff their pockets and those of their cronies. Nairalanders themselves can see that this idea is not new and many of us have called for its adoption even if the PDP had remained too corrupt to acquiesce. Some of us know why we wanted Buhari passionately and our reasons will become clear to others too very soon.

https://www.nairaland.com/2339465/buhari-not-use-oil-marketers

SLIDE waxie: Anybody expecting less is actually not a normal nigerian!

So, u think your Jonathan, the man with the highest level of corruption in the history of this nation will actually fight corruption?

One heavy thing he is duly addicted to...

Happy dreaming!

I have said this here a million times. GEJ is corruption and corruption is GEJ. Is Otedola not in GEJ's economic team? Does he not have the ears of the President directly? How come, as many have pointed out here many times, GEJ has not taken Otedola's advice , shown below, if he is not the same corruption plaguing Nigeria?

The man's penchant for "don't give a damn" scams are really a disgrace to Nigeria. Nothing would come more naturally than for a President who is a solution provider to do as Otedola suggests below. I think even a child knows why GEJ is always loathe to take good advice and do what will save Nigeria money, promote accountability, defeat corruption, strengthen our institutions, diminish the enrichment of politicians and their cronies plus optimally boost income accruable to the Nation. Nauseating how this President openly abets corruption and the plundering of his own Nation in a brazen and wanton manner.


http://saharareporters.com/news-page/fuel-subsidy-rip-offs-wikileaks-reveals-how-nnpc-cost-nigeria-billions-dollars

Fuel Subsidy Rip-Offs: Wikileaks Reveals How NNPC Cost Nigeria Billions of Dollars


Following that, on April 6, Femi Otedola, President and CEO of Zenon Petroleum and Gas, essentially corroborated Finlayson's report, saying over $300 million has been overpaid by NNPC for fuel imports, and that many leading international traders are involved in the manipulation of shipments that the NNPC curiously failed to notice. “Discrepancies were found when comparing dates on the bills of lading with dates of landing in Lagos,” the document said.

According to the cable, “Pointing to examples, Otedola said that while a tanker loading fuel at a refinery in Bahrain usually takes four weeks to arrive in Lagos, comparisons between the bills of lading and dates of arrival of some shipments reflected only a four-day difference, and in other cases, if taken at face value, indicated the journey took nine months. Otedola said 73 shipments from refineries in the Persian Gulf, England, and Venezuela listed delivery times of only one day. NNPC is attempting to get compensation for the over-charge. Otedola went on that most of the fuel traders supplying Nigeria are implicated in over-charging NNPC, and showed a list of 17 companies that supplied fuel in the first quarter of 2004, several of which, he said, are significant players in international markets, such as Trafigura and Vitol. Otedola added that three companies clearly not involved in the scandal are British Petroleum, ChevronTexaco and Shell.”



The most stunning part of the cable is the reported recommendation of Otedola who felt that Nigeria would “save some four billion dollars a year in expenditures on imported fuel” if the NNPC simply stopped contracting with international fuel traders and, instead, negotiated purchases directly from refineries worldwide.

Good one. Baba make it happen, we are solidly behind you.

Chiaka:
No Source..........Fake News!! ..........Waste of time...............This Belong to Trash Bin..............Flip to the next thread.

Call it whatever you want. It is not today some of us have insisted this and other things, such as drastically cutting governance waste, must be done to rescue Nigeria and transform her from a Nation where the majority of our income is looted by a small rapacious elite and political class into a Country, just like the most successful worldwide, where most of the income of a Nation is used to better the lives of the majority. Continue looking for source. The reality is that these are the measures Buhari must take, especially at a critical time like this, that some of us who love and wish Nigeria well fully expect him to take because he is on the side of ordinary Nigerians.

https://www.nairaland.com/1359430/rising-oil-theft-why-tompolo

Gbawe:


No they do not. After all, we know GEJ does not "give a damn". Certainly, 100% beyond doubt, Nigeria will be in a very bad shape by the time GEJ is done. The gates of hell GEJ has opened deliberately will be very difficult to close because Nigeria is now in a "damned if you do damned if you don't" situation thanks to GEJ's fraudulent antics.

I will explain. As I understand it, the protection contracts to Tompolo et al is up for renewals. Oil theft has risen massively currently in what many analysts believe is the milatant warlords way of subtly threatening the FG to renew their contract or face the current level of theft as a daily occurrence if their deal is not renewed.

Renew their contract and it is 'business as usual' with Nigeria continue to bleed billions of dollars. Terminate their contracts and the militants will certainly ferment trouble for Nigeria because of the easy money they are making and refuse to be weaned of. This is the situation GEJ has put Nigeria in. [size=14pt]It is like the fuel subsidy scam. Are we not still using marketers today when Otedola, a member of GEJ's own economic team, has suggested Nigeria deals directly with foreign refineries to stop subsidy scam on the spot?
[/size]
What manner of "transformation" rejects doing the right thing and instead maintain practices that ensure Nigeria is literally being bled dry everywhere? All Nigeria is known for today is corruption and skyrocketing ownership of private jet which show the gulf , abetted by corrupt enrichment, is widening between the mega rich and the rest of Nigerians.

No Stress not against the idea. Yes I support they remove the subsidy thing anyways. Causing a lot of corruption and not allowing for competition and our oil refineries to function because most of the oil markerters perhaps have their own refineries abroad or some stake at those refineries abroad. The current oil marketing thing has become a catel no longer business as usual

Pangea:
No wonder the marketers wants to paralyse the country and get their blood money before the new government comes in

Of course. There is nothing happening today that we have not discussed here exhaustively in the past. The solution has always been known and suggested by many. The problem was getting PDP Presidents interested in these solutions since they are always in place to serve a rapacious political cabal rather than ordinary Nigerians. Nairalanders should read the thread below to see what Buhari wants to do here is what some of us have recognized as a 'must do'. This is another proof, as I argued and as GEJ has proven, that leading Nigeria is not about PHD. It is about the unshakable will to dedicate oneself to doing what is best for Nigerians as some of us believe Buhari will do.

We equally predictaed GEJ will fail, to insults from his blind followers, because he did not have this devotion to ordinary Nigerian and the concept he must do what is best for them. Everything GEJ did was to please and abet AGIP, scammers, fraudsters, criminals, militant warlords, militia groups, political jobbers et al. Jonathan opened the floodgate for these rapacious Vultures to loot and plunder Nigeria. This is why fuel marketers are now hoarding oil and callously sabotaging Nigeria toward tipping us into a frenzied recession. They will know levels have changed after May 29. Buhari will not be blackmailed by anyone and he will do what must be done, which is a lot within his power as President and C-in-C, to make Nigeria great for the ordinary Nigerian.

https://www.nairaland.com/844492/wikileaks-cabal-members-expose

Fuel Subsidy Rip-Offs: Wikileaks Reveals How NNPC Cost Nigeria Billions of Dollars
Posted: January 12, 2012 - 12:41
By SaharaReporters, New York

In the middle of a mass resistance that has virtually shut down Nigeria in response to the government’s abrupt January 1 withdrawal of a subsidy on oil, a previously-unreleased United States 2009 Wikileaks cable has emerged which indicates official manipulation that may have cost Nigeria billions of dollars.

According to the cable [C O N F I D E N T I A L SECTION 01 OF 02 LAGOS 000767 SIPDIS NOFORN E.O. 12958], the scandal concerns prices paid by the government for imported fuel, as international fuel traders, taking advantage of massive corruption loopholes in Nigeria, engaged in falsifying the dates of bills of lading to reflect particularly high market prices.  By so doing, they overcharged the Nigerian National Petroleum Corporation (NNPC) by over $300 million.

The Chairman and Managing Director of Shell Petroleum Development Corporation of Nigeria (SPDC), Mr. Chris Finlayson, told the United States (?) Consul General and the Economic Officer on April 2 that some marketers had been changing the dates when fuel shipments bound for Nigeria were loaded in order to take advantage of particularly high market prices.

Following that, on April 6, Femi Otedola, President and CEO of Zenon Petroleum and Gas, essentially corroborated Finlayson's report, saying over $300 million has been overpaid by NNPC for fuel imports, and that many leading international traders are involved in the manipulation of shipments that the NNPC curiously failed to notice.  “Discrepancies were found when comparing dates on the bills of lading with dates of landing in Lagos,” the document said.

According to the cable, “Pointing to examples, Otedola said that while a tanker loading fuel at a refinery in Bahrain usually takes four weeks to arrive in Lagos, comparisons between the bills of lading and dates of arrival of some shipments reflected only a four-day difference, and in other cases, if taken at face value, indicated the journey took nine months. Otedola said 73 shipments from refineries in the Persian Gulf, England, and Venezuela listed delivery times of only one day. NNPC is attempting to get compensation for the over-charge. Otedola went on that most of the fuel traders supplying Nigeria are implicated in over-charging NNPC, and showed a list of 17 companies that supplied fuel in the first quarter of 2004, several of which, he said, are significant players in international markets, such as Trafigura and Vitol. Otedola added that three companies clearly not involved in the scandal are British Petroleum, ChevronTexaco and Shell.”

[size=18pt]The most stunning part of the cable is the reported recommendation of Otedola who felt that Nigeria would “save some four billion dollars a year in expenditures on imported fuel” if the NNPC simply stopped contracting with international fuel traders and, instead, negotiated purchases directly from refineries worldwide.[/size]

In parenthesis, as background to the position of Mr. Otedola, the document noted as follows: “Prior to deregulation in October 2003, NNPC, then the sole importer of fuel, lost two billion dollars per year because it sold stock to retailers below purchase price. After October 2003, NNPC initially stopped subsidizing fuel sales, letting marketers import fuel to be sold at market prices. However, sources agree that NNPC is back in the business of subsidizing gasoline sales while it maintains a facade of deregulation by encouraging private marketers to import fuel that NNPC purchases at market price. NNPC then sells the fuel to marketers and retailers at a reduced price to ensure that those companies maintain a profit margin while holding consumer prices to informal caps set by the Department of Petroleum Resources.”

The American officials then concluded that the allegation that international traders bilked NNPC of hundreds of millions of dollars is yet another example of the poor management of Nigeria's energy sector, and highlights the complex links between crude sales, fuel importation, refinery maintenance, and energy production in the country, and slyly observed that the way NNPC looked the other way while Nigeria was being fleeced was deliberate. 

[size=14pt]“Otedola is probably right in suggesting that long-standing sweetheart deals between the NNPC and a variety of fuel traders [are] keeping the system inefficient. That may also explain why the [Government of Nigeria, GON] just can't seem to get its refineries running even after spending a billion dollars or more on maintenance contracts over the last four years. Otedola said he initially bid to purchase the Port Harcourt refinery offered for privatization, but he recently told President Obasanjo he will not invest in the refinery so long as NNPC purchases fuel from traders instead of negotiating directly with refineries in other countries and leasing ships itself to deliver fuel to Nigeria.[/size] It is not clear if Otedola's assumption that the international traders' stake in Nigeria's current fuel market is the main driver behind the country's refinery woes. But it is clear that the fundamentals of infrastructure security, interim supply stability, and transactional transparency must still be addressed if the GON is to be taken seriously about its efforts to deregulate and largely privatize Nigeria's downstream petroleum sector.”

[size=14pt]This cable emerges to confirm the very argument of millions of Nigerians who have been trooping into the streets worldwide since last week in protest of the oil subsidy that the principal problem in the country is corruption and lack of transparency which will swallow whatever is saved from withdrawing the subsidy.
[/size]
It would be recalled that in KPMG’s “Interim Report on the Process and Forensic Review of NNPC” [The KPMG Report] dated 22 November 2010, which was published by SaharaReporters on December 9, 2011, the Auditor said it had found that NNPC’s subsidy claims and PPPRA’s verification were based on volume of petroleum products available for sale (volume of products imported and actual production from the refineries) as against duly verified volume of products lifted out of the depots (volume of petroleum products sold) as stipulated in the subsidy guidelines.

KPMG also observed that while subsidy claims should be remitted to NNPC from PSF by the Federal Ministry of Finance (FMF) based on claims approved by PPPRA, NNPC’s convoluted and questionable practice was to remit to the Federation Account, amount payable for domestic crude less subsidy claims. It would then request the FMF to pay the subsidy amount due to it (from PSF) into the Federation Account being the balance of the cost of domestic crude.

“There are instances of delays in receipt of subsidy advice from PPPRA resulting in the estimation of subsidy claims by NNPC which results in over/ under-deduction from proceeds of domestic crude sales,” the report said.  For example, it said, N25bn was deducted as subsidy estimate for September 2009 from domestic crude sales proceeds while PPPRA approved a subsidy of N23.8bn. N35bn was also deducted as subsidy estimate for November 2009 but PPPRA approved a subsidy of N21.3bn.

“Over-deduction for these two months amounted to N14.9bn but only N4.2bn was swept into the Federation Account by NNPC as adjustment for subsidy claimable in the two months,” KPMG reported.

Among other issues flagged by the report was NNPC’s non-compliance with approved policies/ procedures. 

Oga Gbawe
Jonathan is the worst thing to happen to Nigeria.
I thank God, i never supported his evil one day.
For his body language right from bayelsa has been thieving the treasury bare.
He made it possible for all kinds of lawlessness to thrive.

All the marketers are running around like an headless chicken trying to burn the country down and hold us hostage.
If Buhari does not jail these people, I will be very unhappy with him.
They must pay for what they have done to the country !

Just like a poster said before me, i 'm all for good governance, as long as it is not a government of "business as usual" i 'm all for it.

Sai baba is coming

Pangea:
Oga Gbawe
Jonathan is a the worst thing to happen to Nigeria.
I thank God, i never supported him one day.
For his body language right from bayelsa has been thieving the treasury bare.
He made it possible for all kinds of lawlessness to thrive.

All the marketers are running around like an headless chicken trying to burn the country down and hold us hostage.
If Buhari does not jail these people, I will be very unhappy with him.
They must pay for what they have done to the country !

Bros, my only regret, from a Nairaland perspective, is that all the very intelligent and analytically-sound Nairalanders have left to be replaced by attention-seeking and anarchic empty barrels who don't know their nose from their azz. These guys have done all these issues to death and analyzed the way forward. I will be 'resurrecting' quotes from the past, from myself and others, that shows we have already discussed and predicted moves a pro-people Nigerian President has no option but to take. Many of us had already stated that Nigeria, a Country of destructive scammers and self-serving saboteurs, will end up in this artificial scarcity 'blackmail' situation with fuel marketers when enemies of Nigeria's progress realize the game is up. They know it is game over with Buhari and the 'underground grapevine' would have informed them that what they fear the most, i.e Nigeria entering into direct dealings with foreign refineries which cuts them the middlemen out, is upon us.

These marketers must therefore do their best to get a final 'payday' as the free-for-all they enjoyed for the 16 years the PDP held sway looks to be coming to an end. Some of us know why we supported Buhari passionately. We know he is simply one of the few Nigerians who can deliver the changes that will transform Nigeria immensely for the common man yet hurt the Government affiliated Vultures who believe looting Nigeria at the expense of the populace is their birthright. I have my reasons, many times on this forum, for stating that Buhari could become to Nigeria what Mustafa Kemal Ataturk was to Turkey. Ataturk is called the father of modern Turkey for the reforms and changes he delivered. I am personally backing Buhari to be viewed similarly by the time he is leaving Aso Rock.


https://www.nairaland.com/2289351/why-igbo-leaders-visited-buhari/1

Gbawe:


That is the way to go. I have stated several times that the condition is right for Buhari to be the Nigerian Mustafa Kemal Ataturk. I.e the father of modern Nigeria who created a thriving nation because of an ability to seek the policies that improves the lives of all Nigerians. Ataturk gained his surname because he was deemed "father of the turks" by the people themselves. Buhari can achieve same by leading Nigeria well for all Nigerians. Buhari can also "launch a programme of revolutionary social and political reform" that will see his name hailed fondly long after he is gone.

http://www.bbc.co.uk/history/historic_figures/ataturk_kemal.shtml

The thought of CHANGE Is coming on FRIDAY , gladdens my heart.

akins56:
Source ?

hahahaha thanks to you my brother, most of this stories are without source or reference.. many are rumours..

BUHARI my HERO!
AMEACHI my ROLE MODEL!!
FASHOLA my GUY!!!

how come GEJ and co never thought of this?

Rawani:
This is the best news I've heard so far today. Kudos sir.

Bros, it was always going to be so. If a man is dying and needs oxygen then you must give him oxygen or he dies. As simple as that. Nigeria is in the same situation yet the greed of successive PDP Presidents has meant that nothing has been done to repeal a deleterious practice, literally choking Nigeria to death, and replace it with something a million times better which would deliver so many positive changes, while we try to shore up our domestic refining ability, and save us many billions of dollars a year. Many don't realize that Nigeria is like a severely battered and abused woman who simply needs to do away with her brutal husband (PDP) and replace him with someone who will respect her, be kind to her and work to glorify/uplift her.

When this marketers import fuel, they and the government make it look as if we don't export crude. Why should we even pay as much as 87 naira. Muhammdu Buhari has just given us a simple logic on fuel import. Look at this scenerio: I'm a cassava farmer that like garri but don't know how to make it from my cassava. I give my cassava to the woman that fries garri, why should I pay as much as the person that doesn't plant cassava before I eat garri? I could agree, base on the quantinty of cassava I'm ready to give to the garri frier, to pay her little money for the garri or nothing at all (after exchange of much cassava in a trade by barter manner).