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Nairaland Forum / Nairaland / General / Politics / Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund (9975 Views)
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Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by ijustdey: 2:51pm On Apr 26, 2018 |
Leke Baiyewu , Abuja http://www.punchng.com/breaking-senate-indicts-nnpc-for-illegal-fuel-subsidy-orders-n216bn-refund/ 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Paperwhite(m): 3:26pm On Apr 26, 2018 |
"Subsidy is a scam.Recession is just a word" Most fraudulent scammers in government. 35 Likes 2 Shares |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by papoudaupolos: 3:29pm On Apr 26, 2018 |
Senate dey find money up and down 2 Likes |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by chrisxxx(m): 3:44pm On Apr 26, 2018 |
Trump please among things you will discuss with Buhari is to compel him to back out of the presidential contest next year. Buhari contesting will have a lot of negative consequences on Nigeria and Nigerians. Many Nigerians have left Nigeria on self-imposed exile, those who wanted but could not committed suicide and more are to leave if Buhari is rigged back in 2019. Buhari knows if the election is free and fair he would not win. The worst is if he did not win his 12 million almajiris will set the country ablaze. We have seen the difference he has made and his contributions in the development of Nigeria. We so much commend him for his zeal and patriotism. However at this stage of human development we need someone with 'digitalised' brain to lead us. The party inclination is immaterial since Nigerian political boundary is permeable. By political osmosis our politicians can always find themselves in whatever political nucleus they prefer. APC has used Buhari fanatical religious support base to seize political power. It is quite ingenious. This is the time to substitute it with a creative and analytical-minded person. Buhari winning in 2015 and perhaps 2019 truly exemplified the saying that truth and morality are not always democratically decidable. 14 Likes 2 Shares |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by fulaniHERDSman(m): 3:44pm On Apr 26, 2018 |
ThiefHARI & THIEFnuubu ... Bunglers in Looting. Like Victor & Hugo 6 Likes 2 Shares
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Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by MrsNwaAmaikpe(f): 3:44pm On Apr 26, 2018 |
Back in 2014/2015, Buhari said anything subsidy is a scam. Now he is the President and he is siphoning our money through the same subsidy he said never existed. Buhari is a monumental failure.....a colossal mistake that must be corrected in 2019 25 Likes 2 Shares |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Lincoln275(m): 3:44pm On Apr 26, 2018 |
hmmmm |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by RealDannie(m): 3:44pm On Apr 26, 2018 |
So they just realized that Subsidy is a scam? 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by bmxshop: 3:45pm On Apr 26, 2018 |
Pikin wey say im mama no go sleep, no go sleep too. 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Nathdoug(m): 3:45pm On Apr 26, 2018 |
THE LEGISLATIVES ARE NOW COMING FOR THE EXECUTIVES.. 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by LibertyRep: 3:45pm On Apr 26, 2018 |
Does payment of subsidy without NASS approval also constitute an impeachable offence? I just want to know. 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Nobody: 3:46pm On Apr 26, 2018 |
The showdown has begin. 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Nobody: 3:46pm On Apr 26, 2018 |
Good. So NNPC can stop subsidizing fuel, and so that we eventually face facts and Deregulate . Deregulate 3 Likes |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Pesuzok(m): 3:46pm On Apr 26, 2018 |
The senators are mad. They want to cause fuel scarcity again, Nigerians should wake up. It is either nnpc pays the subsidy or we buy fuel for 175 1 Like 2 Shares |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Pesuzok(m): 3:48pm On Apr 26, 2018 |
bmxshop:In this case na the masses go suffer. Buhari or the senators would not feel the brunt |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Nobody: 3:48pm On Apr 26, 2018 |
Pesuzok: Someone gets it. NNPC has been running at a loss just to save the government's back by not deregulating because high prices , though the sensible thing, is not a vote winner. (Ask GEJ). I believe increased prices will benefit us in the long run, especially if government stops setting prices.It means competitive forces increase, and more investment too, especially foreign ones. It also means more refineries, Deregulation works. Ask the GSM sector. We deregulated that sector form the word go, and went from mtn lines costing 10000 to N500 now. 1 Like 1 Share |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by earthcrust: 3:49pm On Apr 26, 2018 |
There must be check and balances in a Democratic gvt.kudos to NASS |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by henryutd(m): 3:49pm On Apr 26, 2018 |
All I know is that subsidy is a fraud. 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by yazach: 3:49pm On Apr 26, 2018 |
chrisxxx: but you have you pvc no need for this epistle 1 Like 1 Share |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Wiseandtrue(f): 3:53pm On Apr 26, 2018 |
I hope Buhari will not start crying now that corruption is fighting back Whoever that says Buhari is not corrupt will face the wrath of Nigerians someone in the person of BARU embezzled money, instead of jail terms he was promoted Promoted to another level of stealing I am not surprised anymore If animals can be swallowing money up and down in this administration then what else Senate, una good morning. So far so good your policies has not been in favour of the masses! why legalise the subsidy payment IT SHOULD BE SCRAPED! This is a good decision shall! No stories, return the money! 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Blackfire(m): 3:53pm On Apr 26, 2018 |
And who is the petroleum minister... 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by joudini(m): 3:56pm On Apr 26, 2018 |
There is no provision for subsidy accrual in the 2017 NNPC budget. These clowns are now calling it "operating cost" to circumvent unapproved and unbudgeted restrictions. This is fraud, the same thing Buhari did by spending a sizeable percent of the GDP without statutory approval from the national assembly. 6 Likes |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Nobody: 3:58pm On Apr 26, 2018 |
MrsNwaAmaikpe: 1. At the time he said it was a scam, we were picking though the pieces of millions being paid for petrol not being imported by marketers. That was the time Otedola et all were in court for those crimes. 2.Thing is, subsidy does not guarantee marketers profits. That is why many of them were engaging on scams like that. 3.Even then, when Bubu came on board, he still had NNPC pay an illegal subsidy, because the alternative was fuel at 200 naira and above per liter. 4.Even with the subsidy that NNPC is paying, it isn't sustainable. They still owe marketers millions. They won't be able to pay them. 5.The only solution is govt and NNPC stop setting prices ,and deregulate. That would enable marketers to earn profits, and fuel will flow. 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by obailala(m): 4:00pm On Apr 26, 2018 |
Fuel scarcity loading! A nation that cant refine its own fuel after 60 years, it also wants cheap fuel but doesnt want to pay subsidies. Such an interesting situation. |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Nobody: 4:02pm On Apr 26, 2018 |
joudini: In case you must know, we caused it. I have seen guys here call subsidy a fraud, and then turn around and demand low petrol prices. The only way to keep prices low is.. by paying a subsidy. Govt knows that,and it knows subsidy is economic disaster, but also knows it won't survive petrol going up above 200 if there was no subsidy. So NNPC engages in a scam to keep fuel low. Yet, without the scam, we would have been buying fuel at 200 and above, and you people would be complaining |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by jazzmood04: 4:03pm On Apr 26, 2018 |
a |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Ikegagwuha: 4:04pm On Apr 26, 2018 |
Any how you see it the Senate has got a lot of things to hinge on to fight the Executive and Buhari and his cohort knows this 1 Like 1 Share |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by vineyardfarms: 4:05pm On Apr 26, 2018 |
ALL REFINERIES WILL BE OPERATIONAL, NO MORE FUEL SUBSIDIES, N1 TO $1, NO MORE CORRUPTION, BOKO HARAM WILL BE CRUSHED, NIGERIA TO TURNED TO LONDON. CHANGE HAS COME TO STAY. CHANGE CHANGE. REALY ! ! ! CHANGE ? 1 Like |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Nobody: 4:06pm On Apr 26, 2018 |
Wiseandtrue: We scrap subsidy payments, then NNPC is left with no option but to wisely deregulate, and fuel shoots up above 200 per liter. Good for our economy, but you would complain again |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Igba123: 4:06pm On Apr 26, 2018 |
That is asking buhari to refund d money wey Yusuf don use buy powerbike and hotels and Aisha don't use buy jewels to do Stella obasanjo of blessed memory. |
Re: Senate Indicts NNPC For Illegal Fuel Subsidy, Orders N216bn Refund by Yksoul(m): 4:07pm On Apr 26, 2018 |
ANYWAY,ELECTRIC CARS HAVE BEEN INVENTED WITH TIME WE WOULD NO LONGER TALK OF OIL,FUEL AGAIN BY 2021 |
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