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Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn (33406 Views)

NNPC: 5 Damaging Things Kachikwu Revealed In His Letter To Buhari / Buhari Seeks Senate Approval To Borrow N2.10 Trn / “in Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn (2) (3) (4)

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Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by ionsman: 9:56pm On Jun 29, 2015
lilprinze:
APC has started with their cheap lies and propaganda again. They should show us proof or shut the f**k up.
Go and sit down.Every thing is a lie to you.

22 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by teehbouy01(m): 9:57pm On Jun 29, 2015
kirikiri is looming..... cool

4 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by redcliff: 9:58pm On Jun 29, 2015
some set of folks just have to go to jail. They cannot escape it!

6 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by ideology(m): 9:58pm On Jun 29, 2015
gbl01:
NNPC have no overhead, they don't pay salaries, they don't run on a budget. They gulljust generate and never spend part of it. They're on autopilot and no humans there. Maybe the humans are programmable robots, they don't spend. Wtf! Is wrong with the Nigerian youth.


Not exonerating them, they have lots of evil dealings Nonetheless...
Lol, guy if you see their expenses you go kill someone. So don't go there.



The balance of the oil money — about N3.8trillion — was withheld and spent by the NNPC unilaterally without approval or National Assembly appropriation, the governor told journalists.


Money disappears in that cooperation while others cannot be accounted for.

grin cheesy

5 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by atlwireles: 9:59pm On Jun 29, 2015
Moronic ediots, how much was NNPC suppose to return? Generated N8.1T, gave Nigeria N4.3. The remain was the cost of doing business. But most of you ediots will expecting NNPC to return N8.1T to the treasury. angry angry angry angry

Go and review the public balance sheet of the IOCs, most of you might learn something.

5 Likes 2 Shares

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by MAYOWAAK: 10:02pm On Jun 29, 2015
Of the many dysfunctions associated with the NNPC, perhaps none is more alarming than the fact that the organisation is simultaneously a regulator, policy-maker and an operator. This has to change immediately. The dissolution of the NNPC board on Friday should not have come as a surprise to anyone; what’s surprising is that the measures taken so far haven’t been more far-reaching. One interesting argument is that the DPR, statutorily the industry regulator, should immediately be freed from the oppressive grip of the Ministry of Petroleum Resources. As one industry insider remarked, considering that industry regulators in the power sector (Nigerian Electricity Regulatory Commission), capital and bond markets Securities and Exchange Commission) and telecommunications (Nigerian Communications Commission) do not report to the sector ministries, there is no justification for having the DPR embedded within a ministerial structure. That reform can and should be made immediately, and everything should be done to create a strong and efficient and independent petroleum industry regulator. I’ve also heard an argument for the National Petroleum Investment Management Services, the investment arm of the NNPC, to similarly be immediately freed from a regime of obstructive government control.

4 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by ThisMeansWAR: 10:02pm On Jun 29, 2015
ideology:
grin

That's NNPC's trademark. It didn't just began. It has been that way since the cooperation was formed.

But Some haters will drag Gej into this.
under which regime did this happen?

7 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by Leopantro: 10:03pm On Jun 29, 2015
atlwireles:
Moronic ediots, how much was NNPC suppose to return? Generated N8.1T, gave Nigeria N4.3. The remain was the cost of doing business. But most of you ediots will expecting NNPC to return N8.1T to the treasury. angry angry angry angry

Go and review the public balance sheet of the IOCs, most of you might learn something.

Forgive me but do they also receive federal allocation on top of the revenue they make?

If no, they you are correct.

4 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by sammhi(m): 10:03pm On Jun 29, 2015
post for gullible nd brainless Nigerians....please go read d pic au DC it report nd note that it says the cost to Nigeria of operating the NNPC is too high.....do there is need to revisit the act setting it up
I think what need to be addressed is what the amount was used for..... if Diezani embezzle the amount, then she must cough it up but I doubt if she embezzle , if it is anything close to that..also, she can make so much wioyt need to embezzle...
but we need to prove dis so all dese noise can stop...

1 Like 1 Share

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by omenka(m): 10:03pm On Jun 29, 2015
Sometimes you just can't find the right words to describe your disgust.

7 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by Nobody: 10:03pm On Jun 29, 2015
Jesus Christ of Nazareth!!!there was once a country. President Buhari, please bring back the Glory of this nation. God help Nigeria! Chai!!!!!

7 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by duality(m): 10:04pm On Jun 29, 2015
So after all this alarm what next.... APC? we know them.
Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by atilla(m): 10:04pm On Jun 29, 2015
Incredible

1 Like

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by Nobody: 10:04pm On Jun 29, 2015
Barcanista will open thread for us tomorrow on this. watch out

13 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by guardsman: 10:05pm On Jun 29, 2015
d handwriting is on d wall & d stealing is not corruption camp will soon start singing. Change has come. Buhari, d nemesis of d corrupt is here. Sorry Diezani, no place to hide your sticky fingers. Kirikiri straaaaaight!

6 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by ideology(m): 10:06pm On Jun 29, 2015
ThisMeansWAR:
under which regime did this happen?
guy ask them to bring out accounts sheets of NNPC since inception you will see similar events.

For your information when $2. 8billion disappeared from PTDF with Buhari as Chairman, was he capable of accounting for it

Believe me, even with Buhari as president, money will still be missing, over estimated contracts will still be awarded.

6 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by Theophrastus(m): 10:06pm On Jun 29, 2015
SEND THE PERPETRATOR TO DEATH SENTENCE OR LIFE IMPRISONMENT ''IF YOU TRULY MEAN CHANGE YOU PREACH!




We believe in ACTION not press release or dem say dem say!
#No #Time

1 Like

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by Nobody: 10:06pm On Jun 29, 2015
This revelation reminds me of my analysis of Nigeria's oil revenue months ago on this forum

4 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by arabianights: 10:07pm On Jun 29, 2015
musiwax:
Here's the question,is it possible for NNPC to spend such amount of money without the express aproval of the minister? Secondly, is it possible forth minister to act without the approval of the President?

Your guess is as good as mine




yes it is. that is y it is termed @corruption@ mind you ,they generated the money not that they with drew, and after generating , they kept 3.8 for overseas trips, houses, mistresses,cars etc and gave the rest to nigeria.get it ?

minister of finance has access, it is assumed that for her to touch the money, it is with express and documented approval of president. so yes she did get the approval for that and this fgovernment knows that jonathan is the one but how do u catch a thief,smartly of course.

they have to hit the commanders under him once they are hit hard they will start singing but if this nec comes out openly , it will cause issues and pdp will start again by claiming witch hunt ,propaganda etc

1 Like

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by Jesusloveyou: 10:08pm On Jun 29, 2015
Eya, why were madueke claiming to be a saint, that she were fighting for us, and to madam "know it all" where is d $2.1b in ECA. And to d clueless one shebi- stealing is not corruption. And to shepopotamus- daris God ooo

1 Like

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by nasty45(m): 10:09pm On Jun 29, 2015
All past n present GMD should be sent to jail asap

1 Like

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by Cyriloha(m): 10:10pm On Jun 29, 2015
musiwax:
Here's the question,is it possible for NNPC to spend such amount of money without the express aproval of the minister? Secondly, is it possible forth minister to act without the approval of the President?

Your guess is as good as mine
but this people are heartless people oo why nah. ..chaii see senior badooz

1 Like

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by tellwisdom: 10:10pm On Jun 29, 2015
Chai... I don die shocked
Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by razfad10(m): 10:12pm On Jun 29, 2015
Can this be true? I pitty my dear country.
Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by TheGoodJoe(m): 10:12pm On Jun 29, 2015
atlwireles:
Moronic ediots, how much was NNPC suppose to return? Generated N8.1T, gave Nigeria N4.3. The remain was the cost of doing business. But most of you ediots will expecting NNPC to return N8.1T to the treasury. angry angry angry angry

Go and review the public balance sheet of the IOCs, most of you might learn something.

What are you saying? The members of the NNPC do not have the right to use funds from crude sales. There is a process of approval before spending the money.

11 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by bigerboy200: 10:12pm On Jun 29, 2015
God please give this administration the grace to succeed. The corruption in NNPC is legendary and unrivalled. someone was saying the other day here on nairaland that these NNPC officials are even richer than corrupt politicians. God should just help us punish all those who have been cheating the common man by stealing our common wealth.

1 Like

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by olagamalin(m): 10:13pm On Jun 29, 2015
gbl01:
NNPC have no overhead, they don't pay salaries, they don't run on a budget. They gulljust generate and never spend part of it. They're on autopilot and no humans there. Maybe the humans are programmable robots, they don't spend. Wtf! Is wrong with the Nigerian youth.


Not exonerating them, they have lots of evil dealings Nonetheless...

You are a bastard' for this poo you posted. Overhead & Salaries that accounts much more than the amount you should remit. Haha...you people can defend anything. It's sad. Why can't you call a spade a spade, and not a big spoon. Don't insult the average Nigerian youth. Cretin

9 Likes 1 Share

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by NIGERIALOLoCOM(m): 10:14pm On Jun 29, 2015
N3.8tr ... is that not $20bn (almost), talked about by Sanusi?

13 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by atlwireles: 10:15pm On Jun 29, 2015
TheGoodJoe:


What are you saying? The members of the NNPC do not have the right to use funds from crude sales. There is a process of approval before spending the money.

Really, please explain the process

2 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by riddler4real(m): 10:15pm On Jun 29, 2015
.
Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by Nobody: 10:16pm On Jun 29, 2015
olagamalin:


You are a bastard' for this poo you posted. Overhead & Salaries that accounts much more than the amount you should remit. Haha...you people can defend anything. It's sad. Why can't you call a spade a spade, and not a big spoon. Don't insult the average Nigerian youth. Cretin

Thanks bro. God bless you. Hopefully, you'll grow up and maybe have common sense

2 Likes

Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by CallPolice: 10:16pm On Jun 29, 2015
Where do we start probing and unprobing, prison will be filled up. Lets just forgive them.

1 Like

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