$3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B (1093 Views)
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| $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:10pm On Jan 29 |
In what appears to be a landmark economic decision of the Bola Tinubu-led administration, the Federal Government last year, precisely on August 16, 2023 through the Nigeria National Petroleum Company (NNPC) secured a $3.3 billion emergency crude repayment loan, which according to the NNPC, was to help give support to the Naira and stabilize the Foreign Exchange market. The curious thing about this transaction is that up till now, the Federal Government continues to keep mum about it, and the only information available to the public on the mega deal is coming only through unofficial sources from the NNPC. The deal is supposed to be a crude-for-cash loan arranged by the African Export-Import Bank. According to information available, a Special Purpose Vehicle called Project Gazelle Funding Limited is driving the deal, and it was incorporated in the Bahamas. The SPV is the borrower while the NNPC is the sponsor, with an agreement to pay with crude oil to the SPV in order to liquidate the loan at an interest rate that is a little over 12 per cent. What is even more confounding about this deal is why the Federal Government would register a company in the Bahamas, knowing full well the recent scandal of the Paradise Papers that involved that country. Curiously also, Nigeria’s current Barrels Produced Daily (BPD) is 1.38 million, and according to the Project Gazelle deal, Nigeria is to supply 90,000 Barrels of its daily production, starting from 2024 till it is up to 164.25 million barrels for the repayment of the loan. Now, this is where the details get disturbing because Nigeria’s benchmark for the sale of crude per barrel in 2024 is $77.96. A simple multiplication of that figure by 164.25 will give us a whooping $12bn. It is on this note that we are calling on the Federal Government to speak up on this shady deal. It is inconceivable that the Federal Government will lead the country to take a loan of $3.3b with an interest rate that is not more than 12 per cent, but with estimated repayment amounting to $12bn. Is Nigeria is now under the state capture of the Alpha Beta Mafia: CBN Governor- Olayemi Cardoso Finance Minister - Wale Edun Blue and Marine Minister - Adegboyega Oyetola 5 Likes 1 Share
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| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:23pm On Jan 29 |
Who are the faces behind the SPV incorporated in Bahamas a haven for financial secrecy that stand to gain $7 billion. 7 Likes |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:26pm On Jan 29 |
Why was the SPV incorporated in Bahamas known as haven for money laundering. And not a country like Netherlands, Germany, Norway or Sweden with transparent and strict financial requirements. CC Ajehkpako4naija thesolutions Burgermotors Oakenshield wunmi590 Angelfrost Leebeedo Swiftgrp WannaHowzit ThatFairGuy1 CC RenaissanceGuy helinues Monogamy LegendHero NGpatriot TonyeBarcanista yarimo seunmsg Simplyleo Racoon Seun NgeneUkwenu tmksouth irongalaxy zhike Joziboi CilicMarin Omenka Nlpolicewoman candidtalk Seun moh247 princeoflagos CodeTemplar iammo WannaHowzit Templarlandry Slawormir itsme01 Rostikol sukkot brendaniel 1 Like |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by MadamExcellency: 2:28pm On Jan 29 |
This is also a money laundering scheme. 7 Likes 1 Share |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:29pm On Jan 29 |
1 Like |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:31pm On Jan 29 |
Some people about to secure their generation for the next billion years. 4 Likes 1 Share |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by lonecatt(m): 2:31pm On Jan 29 |
Can you give details what the total repayment loan will be after calculating the interest . |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:38pm On Jan 29 |
lonecatt:This is the exact same format as P&ID scam. Nigerians the only set of people that will sell out their nation to make a quick buck. 6 Likes 1 Share
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| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by DMerciful(m): 2:40pm On Jan 29 |
Amoda loves corruption for real 7 Likes 1 Share |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by Anunakeeh: 3:16pm On Jan 29 |
swaggerjack: Una never see anything yet. 5 Likes 1 Share |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by 2mch(m): 3:34pm On Jan 29 |
If they ask you to come and elaborate on your claims now, you will start crying for your mummy. 2 Likes |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 3:56pm On Jan 29 |
Anunakeeh:  |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 4:07pm On Jan 29 |
CC Seun |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 4:12pm On Jan 29 |
CC Gilgil |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 4:41pm On Jan 29 |
DMerciful: |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by WeddingParol: 5:13pm On Jan 29 |
Good work. Nigeria kept moving from the hand of lesser thieves to bigger thieves. Can you imagine, $3.3b to pay $12b. Even MMM wasn't this greedy. 6 Likes 1 Share |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 6:35pm On Jan 29 |
WeddingParol:E choke
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| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by yang(m): 8:21pm On Jan 29 |
Na alpha beta way Thiefnuinibu has heaped a huge loan to Nigeria through a shell company We told you he is a big thief The problem is the urchins who voted this thief and turn around to queue for visa Idiot's 2 Likes 1 Share |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 8:50pm On Jan 29 |
yang:The Alpha Beta way. Nigeria will soon go bankrupt. Nigeria is now under the state capture of the Alpha Beta Mafia: CBN Governor- Olayemi Cardoso Finance Minister - Wale Edun Blue and Marine Minister - Adegboyega Oyetola 1 Like
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| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 10:58pm On Jan 29 |
Come and see state capture 10 times worse than what the Gupta's did in South Africa in the corruption capital of the world. https://www.youtube.com/watch?v=Wg7lfHL_l1w&pp=ygUdbmlnZXJpYSBmYW50YXN0aWNhbGx5IGNvcnJ1cHQ%3D CC tmksouth tylann 606thearena johnHerba MtuMsuper khoiboy1 MzansiBeat kwametut kgr28 SirLsgZA RSA ProudSAfrican Thiza SemuhleB MPSA DieVluit vandalZA OohLalah Captainswag225 JiggamanGh mzilakazi RainbowNATION XhosaNostra LeSudAfricaine RudzSA SUFFERInSMILIIN soilsista JaceBlaze zhike irongalaxy ololo12 Joziboi TjoBATHONG 1 Like
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| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 11:36pm On Jan 29 |
Nigeria hijacked by the most corrupt mafia ever to exist "The Alpha Beta Mafia". 2 Likes
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| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:26am On Jan 30 |
Nigeria under Tinubulation. 1 Like |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:31am On Jan 30 |
CC Righteousness2 Righteousness89 |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 12:56pm On Jan 30 |
WeddingParol: |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 1:12pm On Jan 30 |
lonecatt:
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| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 1:40pm On Jan 30 |
CC HomeofSolution |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 7:44am On Jan 31 |
Anunakeeh:100% 1 Like |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by Splashme: 8:52am On Jan 31 |
When you have a thief as your president . 3 Likes |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by aariwa(m): 8:57am On Jan 31 |
swaggerjack:were you expecting anything different from a criminal like tinubu? tinubu cares only about his greedy pockets and doesn’t give a damn about anybody else 2 Likes |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:34pm On Jan 31 |
yang: One of the biggest heists about to be pulled on the nation. 1 Like |
| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack: 2:43pm On Jan 31 |
MadamExcellency:
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| Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by Validated: 4:33pm On Jan 31 |
lonecatt:$5.28B, that is if you assume that repayment would be in 2028. However, since we are already supplying 90000 barrels daily, the interest would be about $1.4b. Hence actual repayment would be $4.7B. What this means is that some people have technically swindled Nigeria of $7.3B over next 5 years or $1.4Billion yearly. In the spirit of transparency who are behind the SPV registered in the Bahamas? Clearly, we now see why they desperately want to be in Federal Government. 3 Likes |
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