Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,157,903 members, 7,835,013 topics. Date: Tuesday, 21 May 2024 at 12:49 AM

Why Buhari's Order To Dissolve NNPC Board Is A Formalty - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Why Buhari's Order To Dissolve NNPC Board Is A Formalty (505 Views)

Buhari, Order Immediate Arrest Of Okonjo-Iweala & Emefiele - By Ilesanmi Omabomi / CBN Boss, Emefiele May Resign Over Buhari’s Order To Change Colour Of naira note / Members Of The Dissolved NNPC Board Of Directors (Pictures) (2) (3) (4)

(1) (Reply) (Go Down)

Why Buhari's Order To Dissolve NNPC Board Is A Formalty by sayyid(m): 3:00pm On Jun 28, 2015
Two members of the former president
Goodluck Jonathan’s administration have
reacted to Friday’s order by President
Muhammadu Buhari to dissolve the board of
the Nigerian National Petroleum Corporation
(NNPC).
The officials of the previous cabinet shared
their views with a correspondent of Sahara
Reporters on condition of anonymity.
They noted that that there was no reason for
President Buhari to send a letter to the board
of the NNPC to dissolve it.
“That act [President Buhari’s dissolution of the
NNPC board] is null since there was no board
in place after the former Petroleum Minister
Diezani Alison-Madueke left office,” one of the
sources said.
According to the Petroleum Act, the NNPC
board stood dissolved the moment the
minister of petroleum resources left her office
on May 29, 2015, the day when the tenure of
the current president started.
A second speaker, who was connected to the
dismissed board, said that the last
administration left USD5 billion in the
accounts for the Buhari government. The
funds were formed by dividends from liquefied
natural gas sales.
However, Babs Omotowa, the chief executive
of the Nigerian Liquefied Natural Gas
company (NLNG), claimed that the company
paid USD1.6 billion in dividends to the
new government. The NLNG is a joint venture
between the Nigerian government and
multinational oil companies.
This figure contradicts the amount named by
Jonathan’s official.
The speaker said this contradiction can be
explained in two ways. Either President Buhari
was hiding the correct amount paid to his
government in order to justify his claim of
inheriting “an empty treasury” , or the NLNG
was playing a game on Nigerians.
Re: Why Buhari's Order To Dissolve NNPC Board Is A Formalty by missbehave247(m): 3:01pm On Jun 28, 2015
Source?
Re: Why Buhari's Order To Dissolve NNPC Board Is A Formalty by Nobody: 3:01pm On Jun 28, 2015
which one pesin go believe now?
Re: Why Buhari's Order To Dissolve NNPC Board Is A Formalty by sayyid(m): 3:08pm On Jun 28, 2015
sayyid:
Two members of the former president Goodluck Jonathan’s administration have reacted to Friday’s order by President Muhammadu Buhari to dissolve the board of the Nigerian National Petroleum Corporation (NNPC). The officials of the previous cabinet shared their views with a correspondent of Sahara Reporters on condition of anonymity. They noted that that there was no reason for President Buhari to send a letter to the board of the NNPC to dissolve it. “That act [President Buhari’s dissolution of the NNPC board] is null since there was no board in place after the former Petroleum Minister Diezani Alison-Madueke left office,” one of the sources said. According to the Petroleum Act, the NNPC board stood dissolved the moment the minister of petroleum resources left her office on May 29, 2015, the day when the tenure of the current president started. A second speaker, who was connected to the dismissed board, said that the last administration left USD5 billion in the accounts for the Buhari government. The funds were formed by dividends from liquefied natural gas sales. However, Babs Omotowa, the chief executive of the Nigerian Liquefied Natural Gas company (NLNG), claimed that the company paid USD1.6 billion in dividends to the new government. The NLNG is a joint venture between the Nigerian government and multinational oil companies. This figure contradicts the amount named by Jonathan’s official. The speaker said this contradiction can be explained in two ways. Either President Buhari was hiding the correct amount paid to his government in order to justify his claim of inheriting “an empty treasury” , or the NLNG was playing a game on Nigerians.
Naij.com news , Sahara Reporters
Re: Why Buhari's Order To Dissolve NNPC Board Is A Formalty by sayyid(m): 3:08pm On Jun 28, 2015
sayyid:
Two members of the former president Goodluck Jonathan’s administration have reacted to Friday’s order by President Muhammadu Buhari to dissolve the board of the Nigerian National Petroleum Corporation (NNPC). The officials of the previous cabinet shared their views with a correspondent of Sahara Reporters on condition of anonymity. They noted that that there was no reason for President Buhari to send a letter to the board of the NNPC to dissolve it. “That act [President Buhari’s dissolution of the NNPC board] is null since there was no board in place after the former Petroleum Minister Diezani Alison-Madueke left office,” one of the sources said. According to the Petroleum Act, the NNPC board stood dissolved the moment the minister of petroleum resources left her office on May 29, 2015, the day when the tenure of the current president started. A second speaker, who was connected to the dismissed board, said that the last administration left USD5 billion in the accounts for the Buhari government. The funds were formed by dividends from liquefied natural gas sales. However, Babs Omotowa, the chief executive of the Nigerian Liquefied Natural Gas company (NLNG), claimed that the company paid USD1.6 billion in dividends to the new government. The NLNG is a joint venture between the Nigerian government and multinational oil companies. This figure contradicts the amount named by Jonathan’s official. The speaker said this contradiction can be explained in two ways. Either President Buhari was hiding the correct amount paid to his government in order to justify his claim of inheriting “an empty treasury” , or the NLNG was playing a game on Nigerians.
Naij.com news , Sahara Reporters

(1) (Reply)

Nigeria: Senate Begins Move To Reduce Its Allowance #OPENNASS / There Is Hope, Buhari Tells Terror Victims / Schools Suspend Classes As Flood Ravages Uyo

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 13
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.