Diezani cheats Nigeria by selling oil through intermediaries, Indian High Commissioner cries out.

The Indian High Commissioner to Nigeria, Ajjampur R. Ghanashyam, has revealed that the former Minister of Petroleum Resources, Diezani Allison Madueke sells crude to India through intermediaries, denying Nigeria’s treasury of the full proceed.

“From other countries, when we buy oil, whatever we want to pay, we pay to the Ministry of Finance of that country. In Nigeria, we pay to intermediaries. We would like to be dealing directly with the Nigeria National Petroleum Corporation (NNPC). It’s not a good thing. Why should we go through intermediaries?

“Secondly, we would also like to have long term agreement, which we have with many countries: Iran, Iraq, Saudi Arabia, and other countries from where we buy oil. Nigeria is the only country with whom we don’t have an agreement. When we write a letter to NNPC, we don’t get a response,” Mr Ghanashyam told Nigeria’s newspaper, Daily Trust.

India is reported to be Nigeria’s number one crude buyer now, an importation that grosses $15 billion yearly.

The newspaper quoting NNPC 2014 Annual Statistical Bulletin reported that India bought 136,419,844 barrels of crude oil from Nigeria.

The Indian High Commissioner added that apart from the lack of long-term agreement between the two countries on crude oil purchases, in 2006, an Indian company, Oil & Natural Gas Commission Videsh Limited (OVL) and Mittal Energy International, which is a joint venture between OVL, an Indian government company, and Mittal Energy a private firm, applied for oil concession. The Signature bonus sum of $25 million was paid, but neither was the oil concession granted nor the money paid returned to the Indian companies.

“How many years is it? Nine years. Even to get the concession is not possible, and the money is not refunded to us. For nine years your country has been sitting on this, and they make us go round and round and round. We buy $15 billion worth of crude oil per year and we have the potential of importing $50 billion worth of crude oil from Nigeria. We can buy more because our requirement is going up.

But if you continue to make us to pay through agents, and continue to ask us to buy from the swap market, it means you don’t trust us, and if you don’t trust us, we have to look for those who trust us more. We are making concessions to Nigeria by buying your crude oil because you’re our old friends and we’ve been friends for a long time, and your crude oil is better quality. But you must take our interest into account,” he added.


Source : http://omojuwa.com/2015/08/diezani-cheats-nigeria-by-selling-oil-to-india-through-intermediaries-indian-high-commissioner-cries-out/

with this news, Twitter will be on fire.... trust omojuwa.

OK O!

Jona said he didn't know all these were happening in his govt.

When people say he is clueless wailers will be everywere defending him.

I still don't know this urge of wanting to stone this woman alive I swear

powerfulsettingz:
I still don't know this urge of wanting to stone this woman alive I swear

Her works speaks for itself ni

Whoever defends this woman should have his/her head checked.
It is no longer news that Deisani is corrupt. What is yet to be discovered is the magnitude of her loot and the most appropriate punishment that suits her gargantuan pillaging of our commonwealth.

hahahahha

Unfortunately, Buhari introduced the system of Selling through intermediaries in 1984/85


And secondly, the Indians are thieves for trying to take advantage of US exit from purchase of Nigeria's Crude Oil by asking for 90 days credit before initial payment which Diezani vehemently refused.

How can Nigeria be blackmailed for refusing to grant India 3 months credit?

I don't even trust the Indians too. Smooth criminals.

We need to do holistic overhall of our oil trading.

Let us invest more in refining and other ancillary petrochemical products, that will earn us more forex than crude.