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Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ - Politics - Nairaland

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Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by ManirBK: 6:36pm On Feb 20, 2019
Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party on Wednesday in Kaduna reiterated his plan to privatise the Nigerian National Petroleum Corporation(NNPC), if elected president on Feb 23.
Abubakar spoke at a town hall meeting with ward, local government and state party leaders in the state at the Kaduna Trade Fair Complex.

He said that the NNPC had failed to serve the purpose for which it was established in 1977.
According to him, selling-off the Corporation and all the three refineries is the best option for the country, likening it to the sale of Nigerian Telecommunication Limited (NITEL).

Abubakar said Nigeria is among the biggest producers of crude, but lamented that the country still imports refined products for local consumption at exorbitant prices to the detriment of the common man.
He said, if elected President, he would deregulate the NNPC and sell it to Nigerians. the way Obasanjo sold NITEL.
However, he forgot to mention that the sale of NITEL was disastrously done.
Under Obasanjo, NITEL went through several botched sales and management turnaround contracts. First, 51 per cent of the shares was sold to a group of investors under the trading name of Investors International London limited.
The sale was cancelled after the investors failed to pay. Then in 2003, , the government approved a management turnaround contract with a firm called Pentascope. The contract was cancelled in 2005 after it became clear Pentascope did not have the adequate resources to run NITEL.
In 2005, government again offered NITEL to Orascom. This failed again, leading the government to sell it to a subsidiary of Transcorp in 2007. The sale was revoked in 2009. In 2014, the firm was sold to NATCOM, a group of investors led by Tunde Ayeni. Ayeni since then has been running it as NTEL

https://www.dailytrust.com.ng/nnpc-had-failed-to-serve-its-purpose-says-atiku-insists-to-sell-it.html?

10 Likes

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by ManirBK: 6:37pm On Feb 20, 2019
Do you know the new Yoruba name for ballot box? It is called "APOTI IKU" box of death,snatch and die ...one bullet pere!

201 Likes 19 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by mycar: 6:39pm On Feb 20, 2019
What is there in nnpc to sell? The refineries are not working. So, what's the big deal, the longer the equipment remain there, the lesser their values become.
Anyways, I know that he will need the Senate approval, they know the best.

44 Likes 1 Share

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Racoon(m): 6:45pm On Feb 20, 2019
"The governor of Kaduna State, Nasir el Rufai, has said Nigeria must do away with its “corrupt” oil company, the Nigerian National Petroleum Corporation, NNPC, or stand the risk of itself being destroyed.If you don’t kill the NNPC, it will kill Nigeria,” Mr. el-Rufai said...

Mr. El-Rufai said the NNPC has become so entrenched in corruption that the only way out for Nigeria is not to attempt to salvage the corporation, but to destroy it and create a new oil company.He said he hoped President Muhammadu Buhari will implement that proposal...."

https://www.premiumtimesng.com/news/headlines/186622-nigeria-must-kill-nnpc-el-rufai.html

30 Likes

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by ManirBK: 6:51pm On Feb 20, 2019
mycar:
What is there in nnpc to sell please?
Ask Atiku the gains of selling NITEL? If Atiku does not know, the sales of NITEL led to lost of job by many Nigerians. The sales also collapsed the utilization of landlines in Nigeria. It also saw the death of M-tel the GSM sector of NITEL. If not for the coming of private investors who invested their private funds to provide GSM telecommunication in Nigeria, before privatization of the telecom sector 2 years after. Nigeria today would be out of telecom, just as Trascop which bought NITEL has reduced it to just landed assets

93 Likes 3 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Firefire(m): 6:52pm On Feb 20, 2019
Ok noted.


Th scammer also planned to sell. In fact everything

52 Likes 6 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by MANNABBQGRILLS: 6:53pm On Feb 20, 2019
This is the number one manifestos of Athiefkwu the CORRUPT criminal out of the only 3 manifestoes he has been campaigning about all along!

Nigerians, be wise!
We are not going back to the 16 years of raping and looting of our land, if you don't want to go with us to the NEXT LEVEL, kindly move to Cameroon with your Athiefkwu after FeBuhari 23rd!
Chikena!


PDP IN NIGERIA AGAIN?!
GOD FORBID BAD THING!!


ManirBK:
Guess who is the buyer ?
That is so obvious bro!
Your guess is as good as ours!

98 Likes 14 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Nobody: 6:53pm On Feb 20, 2019
Anything you talk now dey make sense for our ear baba, anything but Buhari! Give Atiku some likes, let's start giving zombies heart attack till Saturday.

107 Likes 5 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Chisaedhor: 6:53pm On Feb 20, 2019
Very good move sir.

22 Likes

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Spuggie: 6:53pm On Feb 20, 2019
Very interesting
Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Buharimustgo16F: 6:53pm On Feb 20, 2019
Nice One my President awaiting. If that we make Nigeria work again no problem

38 Likes 2 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Firefire(m): 6:54pm On Feb 20, 2019
APCheat!

7 Likes 1 Share

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by briefness: 6:55pm On Feb 20, 2019
How is it that some Nigerians cannot glaringly see that we can not afford to pay the bills of the crop of politicians in PDP? It just cannot be PDP. Who will NNPC be sold to? Atiku's friends? No wonder he made a lot of new friends including those that vowed not to forgive him. DPR, NPDC, NGC and all NNPC SBU's will be sold as well. If the owners of NNPC tells us that crude oil production is at 50,000 barrels for instance, that is what we get paid.

The build up to Election 2019 has shown that the elites control a section of the masses. They sway our emotions and influences greatly how we think. Even initiatives for the masses are regarded as vote buying. How could they have sold this to us so soon to have forgotten the past and we now want to atikulate? The elites sure understand us very well and knows the right buttons to press and at the right time. The very reason we are willing and ready to hand back the treasury to them and we are also doing that happily as well.

68 Likes 6 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Gforce2019: 6:55pm On Feb 20, 2019
Athiefku the prodigal son...
First sell all your property and your family join....leave Nigeria property and inheritance alone...

54 Likes 6 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by TruthinAction: 6:55pm On Feb 20, 2019
I thought the sale is subject to two third vote from the Senate? Can he do it unilaterally? Pls educate me.

1 Like 2 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by dust144(m): 6:55pm On Feb 20, 2019
Maybe you should stop saying it n make it work when you get into power
Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by ManirBK: 6:57pm On Feb 20, 2019
MANNABBQGRILLS:
This is the number one manifestos of Athiefkwu the CORRUPT criminal out of the only 3 manifestoes he has been campaigning about!

Nigerians, be wise!
We are not going back to the 16 years of raping and looting of our land.

PDP IN NIGERIA AGAIN?!
GOD FORBID BAD THING!!
Guest who is the buyer ?

12 Likes

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by ogunnoikitaiwo(m): 6:57pm On Feb 20, 2019
let take NEPA as example....

6 Likes

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by ManirBK: 6:58pm On Feb 20, 2019
briefness:

How is it that some Nigerians cannot glaringly see that we can not afford to pay the bills of the crop of politicians in PDP? It just cannot be PDP. Who will NNPC be sold to? Atiku's friends? No wonder he made a lot of new friends including those that vowed not to forgive him. DPR, NPDC, NGC and all NNPC SBU's will be sold as well. If the owners of NNPC tells us that crude oil production is at 50,000 barrels for instance, that is what we get paid.

The build up to Election 2019 has shown that the elites control a section of the masses. They sway our emotions and influences greatly how we think. Even initiatives for the masses are regarded as vote buying. How could they have sold this to us so soon to have forgotten the past and we now want to atikulate? The elites sure understand us very well and knows the right buttons to press and at the right time. The very reason we are willing and ready to hand back the treasury to them and we are also doing that happily as well.
during PDP rule no profit, but today we are seeing the impact it’s making, it’s now diversified oil are found in many parts of the country and jobs creation will arrive. Selling NNPC to France Would surely take us backward.

16 Likes 1 Share

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Mitchewww(m): 6:58pm On Feb 20, 2019
Those who disagree with Atiku have no counter argument.

All they shout is corruption.

They never talked when Buhari nearly sold NLNG.

Our President Elect, Mazi Atiku.. Weldone sir.

Even El-Rufai said same.

The $25b stolen by Baru should be the last.

21 Likes 1 Share

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by adelaja70(m): 6:58pm On Feb 20, 2019
START WITH INTEL... OLE!

14 Likes 4 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Millz404(m): 6:58pm On Feb 20, 2019
No sentiment.... At least he is not lying about 1naira = 1dollar

Sign up on Nigerian Online Business Forum below

5 Likes 1 Share

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by ejimatic: 6:59pm On Feb 20, 2019
ManirBK:
Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party on Wednesday in Kaduna reiterated his plan to privatise the Nigerian National Petroleum Corporation(NNPC), if elected president on Feb 23.
Abubakar spoke at a town hall meeting with ward, local government and state party leaders in the state at the Kaduna Trade Fair Complex.

He said that the NNPC had failed to serve the purpose for which it was established in 1977.
According to him, selling-off the Corporation and all the three refineries is the best option for the country, likening it to the sale of Nigerian Telecommunication Limited (NITEL).

Abubakar said Nigeria is among the biggest producers of crude, but lamented that the country still imports refined products for local consumption at exorbitant prices to the detriment of the common man.
He said, if elected President, he would deregulate the NNPC and sell it to Nigerians. the way Obasanjo sold NITEL.
However, he forgot to mention that the sale of NITEL was disastrously done.
Under Obasanjo, NITEL went through several botched sales and management turnaround contracts. First, 51 per cent of the shares was sold to a group of investors under the trading name of Investors International London limited.
The sale was cancelled after the investors failed to pay. Then in 2003, , the government approved a management turnaround contract with a firm called Pentascope. The contract was cancelled in 2005 after it became clear Pentascope did not have the adequate resources to run NITEL.
In 2005, government again offered NITEL to Orascom. This failed again, leading the government to sell it to a subsidiary of Transcorp in 2007. The sale was revoked in 2009. In 2014, the firm was sold to NATCOM, a group of investors led by Tunde Ayeni. Ayeni since then has been running it as NTEL

https://www.dailytrust.com.ng/nnpc-had-failed-to-serve-its-purpose-says-atiku-insists-to-sell-it.html?
. NEPA privatised money shared .....Oku Iboku paper mill privatised money shared.....Osogbo steel rolling privatised money shared. Iwopin Mills privatised money shared All privatised money shared ....Now NNPC...The God of Nigerian masses will not let money hungry PDP come back.

31 Likes 3 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Ark111: 6:59pm On Feb 20, 2019
Fellow countrymen and women prepare yourselves for fuel price increase when NNPC and the refineries were eventually sold to his friends. Don't say you were not warned. Atiku as for me, you will be Nigeria's president in your dreams.
ManirBK:
Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party on Wednesday in Kaduna reiterated his plan to privatise the Nigerian National Petroleum Corporation(NNPC), if elected president on Feb 23.
Abubakar spoke at a town hall meeting with ward, local government and state party leaders in the state at the Kaduna Trade Fair Complex.

He said that the NNPC had failed to serve the purpose for which it was established in 1977.
According to him, selling-off the Corporation and all the three refineries is the best option for the country, likening it to the sale of Nigerian Telecommunication Limited (NITEL).

Abubakar said Nigeria is among the biggest producers of crude, but lamented that the country still imports refined products for local consumption at exorbitant prices to the detriment of the common man.
He said, if elected President, he would deregulate the NNPC and sell it to Nigerians. the way Obasanjo sold NITEL.
However, he forgot to mention that the sale of NITEL was disastrously done.
Under Obasanjo, NITEL went through several botched sales and management turnaround contracts. First, 51 per cent of the shares was sold to a group of investors under the trading name of Investors International London limited.
The sale was cancelled after the investors failed to pay. Then in 2003, , the government approved a management turnaround contract with a firm called Pentascope. The contract was cancelled in 2005 after it became clear Pentascope did not have the adequate resources to run NITEL.
In 2005, government again offered NITEL to Orascom. This failed again, leading the government to sell it to a subsidiary of Transcorp in 2007. The sale was revoked in 2009. In 2014, the firm was sold to NATCOM, a group of investors led by Tunde Ayeni. Ayeni since then has been running it as NTEL

https://www.dailytrust.com.ng/nnpc-had-failed-to-serve-its-purpose-says-atiku-insists-to-sell-it.html?

30 Likes 2 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by Emedu(m): 6:59pm On Feb 20, 2019
dangerous sign for civil servants! if Atiku privatize NNPC to himself all other agencies should be preparing. Civil Servants tell your son and daughter to vote Buhari to avoid prayer and fasting.

24 Likes 4 Shares

Re: Atiku Insists On Selling NNPC, Says ‘it Has Failed To Serve Its Purpose’ by amaham(m): 6:59pm On Feb 20, 2019
He should sell the damn thing. A company that did open aptitude test since 2012 without getting back to applicants since then. It is just where politician children start up their career when they return after graduation from Yankee schools.
When the nnpc is sold, there will be no cash cow for any president to seek being a minister of petroleum

23 Likes 4 Shares

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