They are right... Very very correct. I only pity the Mumu communities, they think they re doing shell

How sad.....we as a people are just a terrible selfish bunch.

Na lie. lies from the pit of hell

9icest:
Is it just Shell workers? What about the NNPC
what about FERMA, what about an arm of PHCN that was brought Otedola an oil and diesel trader? Or by CBN that works with Fulani parallel marketers to destroy the naira for kick backs and settlements. This is how it works, the CBN is about to supply the bureau de exchange $60,000,000 and the naira is currently at 450, but they will instead create artificial scarcity for weeks and destroy the currency and sell that amount for 510 or more.
The Nigerian law enforcement and EFCC are the mostly useless entities in the universe. The real economic crimes passes under their noses daily and they don’t even see it but are mainly interested in Emeka and Tayo collecting $100 which doesn’t even any way affect the US economy. Rubbish and useless country filled with maggot brained leaders

You said it all

low2high:
The problem is from the federal government of Nigeria and Niger delta political leaders.

They do not care about the suffering natives of oil producing community.

The setting up of NDDC, DESOPADEC, and the rest of it has even open more avenues to corrupt officials to loot the commonwealth of the oil producing community.

If development is extended to oil producing community the community will fight tooth and nail to secure oil pipeline from vandalism even if Shell or SPDC Officials are bursting pipelines and causing spills and then use it to blackmail community of being responsible.

IT WILL TAKES US 100 OR MORE YEARS TO DEVELOP IN NIGERIA BECAUSE OF THE GREED FOR QUICK WEALTH.

We are just too hungry for illicit wealth.

I have to agree with you

sylve11:
With what i have seen so far as a traveler, SHELL ain't telling lies in this regard. Some Nigerians working in SPDC are devils. Sometimes, when leakages occur, they conduct JIV and when the JIV is out, Indigenous contractors will not agree with it most times and insisted it's Equipment Failure. whereas, some of the Nigerians working inside SHELL caused the sabotage. At a point, SPDC would make a decision to award the clean up contract to external contractors; Indigenous contractors weren't protesting but they were filling up letters to SPDC to enact the Local Content Act. Let me say this, there will never be another company that can run things better than the way SPDC are running things in Nigeria. Is it NNPC, NPDC or which indigenous company you want to talk about? (Corruption finish the aforementioned companies!) How bad can we Nigerians be bad to ourselves?

We are very bad to ourselves o

coputa:
The cost of running a company in Nigeria is ten times higher than other African countries.and in other parts of the world.
In Nigeria,you have:
1) zero infrastructure
2) insecurity
3) dishonest employees
4) bad government policies
5) corruption

Truth

The love of money is indeed the root of all evil. Nigerians will do anything for the money.

Wetin Nigerians gain if dey no make money?
We trade values for money
Integrity goes for money
Family and relationships are sacrificed for money

Money has conquered the average Nigerian. He commits evil just for money that will finish.

9icest:
Is it just Shell workers? What about the NNPC
what about FERMA, what about an arm of PHCN that was brought Otedola an oil and diesel trader? Or by CBN that works with Fulani parallel marketers to destroy the naira for kick backs and settlements. This is how it works, the CBN is about to supply the bureau de exchange $60,000,000 and the naira is currently at 450, but they will instead create artificial scarcity for weeks and destroy the currency and sell that amount for 510 or more.
The Nigerian law enforcement and EFCC are the mostly useless entities in the universe. The real economic crimes passes under their noses daily and they don’t even see it but are mainly interested in Emeka and Tayo collecting $100 which doesn’t even any way affect the US economy. Rubbish and useless country filled with maggot brained leaders

Omo 9ja folks are like that Diabla in that colombian telemundo series, end of paradise.
From one crooked bussiness to another, crime after crime, financial crimes everywhere you go.
Just look at this..MONEY TRANSFER FRAUD!!!!!

COLLUSION AMONG CBN,COMMERCIAL BANKS,WESTERN UNION,MONEYGRAM,ETC TO KILL THE NAIRA INSTALMENTALLY �!!!

By Chief Anthony Ani,FCA,Former Minister Of Finance.

"A MATTER OF NATIONAL EMERGENCY DEMANDING OUR DEAR PRESIDENT BUHARI'S URGENT ACTION!

"RE: $BILLION DIASPORA REMITTANCES: WHERE ARE THE DOLLARS?"

The above question was posed in an article in The PUNCH newspaper edition of September 9, 2019, by columnist Henry Boyo.

I have been a daily reader of The PUNCH for the past 10 years and I have not yet, read any comments from anyone on this question.

There is a need to discuss this issue, as it appears that there is massive foreign exchange laundering going on in our banks.

As the architect of the Diaspora remittances in 1996, I am naturally concerned at the abuses disclosed by Boyo.

When in 1995, we at the Ministry of Finance reviewed the country’s sources of foreign revenues, we found out that nothing was coming in from Nigerians in the Diaspora, whereas India and Jamaica were living on foreign exchange from their citizens abroad.

When I enquired why Western Union and MoneyGram could not receive money from Nigerians abroad, I was told that it was due to our tax laws.

As a Chartered Accountant student in 1962, I studied Comparative Commonwealth Taxation in Nigeria, Jamaica and the UK, and I found out that the tax laws of these countries had the same wordings on imposition of tax (“tax is imposed on income accruing in, derived from or brought into”).

The question then to me was why income “brought into” India was not taxed in India? On enquiry, I found that India had modified its tax laws to accommodate its citizens living abroad who wanted to send money in foreign exchange to India.

In 1996, I had proposed (and it was accepted by the Federal Executive Council) in a new law, regarding Nigerians repatriating remuneration from abroad, Nigerians repatriating dividends, royalties, fees, commissions from foreign countries receipts by authors, sportsmen/women, musicians, play writers, artist, etc.

Such income repatriated into Nigeria in foreign currency was 100 per cent exempted from tax, provided the foreign currency was repatriated through a domiciliary account with a Nigerian bank!

With the promulgation of this law, First Bank Nigeria Ltd brought in Western Union in August 1996 while the USA(UBA) brought in MoneyGram a few weeks later.

In 1996, Nigerians abroad repatriated about $4.5bn (about 50 per cent of our gross revenue from oil) and we ensured that these amounts were brought into Nigeria, intact, in foreign exchange.

The receipts increased exponentially in 1997 and 1998 and we also made sure that they were received in Nigeria, in foreign currency.

The receipts helped to stabilise our exchange rate mechanism at N82 to a dollar, throughout my tenure as the Minister of Finance, to the extent that the naira was internally convertible currency.

Some years ago, on my visit to London, I went to Western Union office, at Marble Arch, to test by remitting £500 to my son in Nigeria.

I first had to convert the money to dollars and to my surprise, Western Union gave me a quote in naira to be claimed by my son.

I refused their naira equivalent and insisted that my son must be paid in dollars.

It was obvious to me that there was an arrangement between our Nigerian banks and Western Union/MoneyGram, whereby the former pays from their excess naira liquidity while the later retains the dollars abroad.

In other words, the dollar remittance is retained abroad and is laundered by the Nigerian banks. This is definitely against the law which provide that all remittances must be brought into Nigeria in foreign currency via domiciliary account.

If by chance, as in my case, the dollar is remitted into Nigeria, the Central Bank of Nigeria on August 14, 2014, introduced the Outward Money Transfer Service and authorised the same MoneyGram and Western Union to re-export, in tranches of $5,000 per transaction, to Nigerians abroad, on payment of the naira equivalent at the CBN rate of exchange.

Thus, Nigeria is the only country in the world re-exporting its remittances.

It is relevant to note that the naira is not a convertible currency but remittances which are meant to stabilise our exchange rates are re-exported!

There is something wrong at our Central Bank.

It could be that we have imported the mentality of commercial banking into the CBN. We now need real central bankers to govern our Central Bank.

We have central bankers amongst those in the CBN, and we also have central bankers amongst the members of the Nigerian Economic Society or, alternatively, indeed, we can even go outside Nigeria to employ central bankers.

The fact is that the Diaspora remittances are not retained in Nigeria and there is a collaboration between the CBN, Nigerian banks and Western Union/MoneyGram; in such an event, government must investigate the infraction, punish the money launders, and recover all past Diaspora remittances retained abroad!
Copied!

The Outbound Money Transfer Services must be stopped and all our remittances retained for naira stability and the nation’s development."
October 8th,2019.

Etubom Anthony Ani is a former Minister of Finance,1993-1998.

*[Please share in all your social media platforms or tag until it goes viral for Urgent Action by President Buhari.We have endured too much fraudulent bewitchment as a People and Nation.]*
Caveat emptor: Post as copied

Nathaniel Rothschild owns Shell.

Shell is Jewish owned and not Anglo-Saxon.

Shell itself makes more money from these disruptions as oil production outputs are closely monitored by the markets and any disruption is bound to see oil features soar.

Don't even think of the Dutch authorities sanctioning Shell as Jews own that country .

There is a reason why Ajax football club of Amsterdam are nicknamed the Jews.

It is from Amsterdam that Jews found sanctuary after being expelled from the every single European nation.

Dutch Jews financed Oliver Crommwell's Puritans to overthrow the English king to pave the way for the return of the Jews in that country .

Same Dutch Jews financed the Jacobin french revolution to pave way also for the return of the Jews

My point, Holland is the most jewed nation in Europe after Belgium and so don't expect them sanctioning Shell.

NOSDRA needs to step up their game to tackle any form of oil spill..

Litmus:


Eh, yes, and we sometimes blame these foreign companies like Shell, expecting them to compensate communities blighted by their oil drilling activities to the sum of millions when it should be billions, not knowing that, all this times , they owe the communities nothing , since Nigerians are to blame.

This reminds me of how Africans blamed Apartheid South Africa for the deaths of Soweto school children, when all this time, it wasn’t apartheid south Africa police’s fault; no, the white police officers simply would fire their guns in warning but the black children would go throw themselves in the way of the bullets.

Gush, Africans always blaming others for their problems.

typical white ass-kissing Nigerian