cellin:

yes I did.As a matter of fact my portal was open as at sunday.it was when I checked it yesterday I noticed the issue.

WengerMustGo:

N6trn Oil Revenue Leakages: Reps Threaten Arrest Of DPR Boss Over Non-Appearance‎

...As Panel Grills NPDC, Neconde Bosses Over $471m, $34m Debts

By Ahmed Musa -
May 15, 2018


Oil Revenue Leakages, importation of vehicles, Warnings In Alcohol Adverts, 2018 Budget, Buhari, NEMA, $1billion for arms purchase, Procurement Act, NEMA, welfare package, Reps Ask Bank to Produce President's Approval, Stanbic IBTC, TSA, Produce Beneficiaries Of N24m Cash Advance, Williams Alo, Bill, Ajaokuta Steel Company, AMCON, NERC, NSCDC, PDP, NPDC, Dogara, oil firms, Nigerians, waterways concessioning, petroleum, PDP, son, Emefiele, NPA, Taxes, Gele-gele, Reps, Crude Oil
Abuja – The House of Representatives Ad-hoc committee probing the over N6 trillion oil revenue leakages from January 2016 to 2017 has threatened to issue an arrest warrant against the Director of the Department of Petroleum Resources, (DPR), Mr. Mordecai Baba Ladan, for refusing to honour it’s invitation for an investigative hearing on Tuesday.

The Panel, which summoned the agency’s boss to appear before it within 24hours or face arrest also accused the DPR of sabotaging government by misleading President Muhammadu Buhari to approve the renewal of operating license of Neconde Energy Limited even in the face of mounting debts obligations to government by the company.‎

The Committee, led by Hon. Jarigbe Agom Jarigbe (PDP, Cross River), had before the resolution to summon the DPR Boss, also grilled Managing Directors of the Nigerian Petroleum Development Company (NPDC), Mr. Yusuf Matashi and that of Neconde Energy limited, Frank Edozie, over an outstanding debt of $471million yet to be remitted to the Federation Account.


Apart from the said amount arising from a Joint Venture operations of Oil Mining Lease (OML) 42, Neconde is also said to owe another $34million royalty debts to the DPR.

The scenario therefore, has left members wondering why on earth the DPR should have written to the President asking for approval for the renewal of operating license of Neconde.


Chairman Jarigbe having listened to the submission by Mr Edozie, CEO of Neconde, accused the DPR of misleading the president by making things look Neconde has committed a crime by refusing to appear to state it’s own role in the manipulation of the President.

He said the company being a business entity has not committee any crime in line with the agreement apart from its inability to pay outstanding royalty, adding whatever would legally aid it’s operation would seem attractive to it, which was the roe DPR played.‎

‎Members also wondered what role the DPR is playing by allowing both Neconde and Next oil, both subsidiaries of Obi Jackson Group who are debtors to the Federal Government to set up an audit exercise to audit one another with a view to determining how much they are owing government.

Clarifying issues with regards to the $471miion debt between Neconde and NPDC, Mr. Edozie told the Panel that while the $471 is not real until a value for money audit is done, the said debt is between NPDC and Neconde, and not money meant for the Federation Account.

This assertion was however rejected by members who informed him that whatever is owed to NPDC, the NNPC or DPR all belongs to the federation account.

Chairman Jargbe, again noted that while the JV agreement allows Neconde to audit itself, the period of reconciliation cannot be left open-ended, adding that the debt has dragged for too long.


The MD of NPDC, Mr Matashi had tod the pane that the $471million was a joint venture cash call obligation that was yet to be paid by Neconde flowing from its operation of OML42 in which the NPDC has 55 percent equity, leaving Neconde who acquired its own equity in 2012 with 45 percent.

He said while it had to wait to the value for money audit before pushing the payment was because the responsibility of auditing the JV account rests on the operating partner.

However, in order to clear the issues involved, the panel therefore insisted on the presence of the DPR as the agency regulating both companies to explain why things have remained unsolved for so long.

https://independent.ng/n6trn-oil-revenue-leakages-reps-threaten-arrest-of-dpr-boss-over-non-appearance%E2%80%8E/

Tankoyak12:
Guys be checking the portal from tomorrow. Believe it or not, I don't care.

Tankoyak12:
Guys be checking the portal from tomorrow. Believe it or not, I don't care.

Tankoyak12:
Guys be checking the portal from tomorrow. Believe it or not, I don't care.

Tankoyak12:
Nxt week Wednesday is the day guys

Tankoyak12:
I don't know how you people came about this FCC of a thing. Just be ready with your phone fully charged and make sure that you are within service area next week insha Allah.

hammer2010:


And I had to check the speculation archive, and viola! Ur name dey registered

First it was this on Feb 8





Then two days later, this




I duff my hat sire

akeye81:
And next thing will be "mr president never sign the bill into law"

akeye81:
And next thing will be "mr president never sign the bill into law"

kbit09:
and so comes n goes 1.

the end

Sunny360:
I'm at alert for any information on "effective transmission" of our APL's, while keeping an eye on this thread.

Uná wehdone my people..

salesani88:

Lol. The use of the word "transmission" has been suspended temporarily, except if you want to get yourself into trouble. If you know you know!

salesani88:

Lol. The use of the word "transmission" has been suspended temporarily, except if you want to get yourself into trouble. If you know you know!

Sunny360:
I'm at alert for any information on our APL's, while keeping an eye on this thread.

Uná wehdone my people..

Tankoyak12:
Guys be checking the portal from tomorrow. Believe it or not, I don't care.

Tankoyak12:
I don't know why some people don't understand simple English. I only set the lower limit and left the upper one open intentionally because of people like you. Am sure y'll be among the first people that will complain of partiality if they don't get this job not knowing that you actually failed the interview. @pdirac