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Nigeria's Four Refineries To Begin Operation Next Month - NNPC / Soldiers Destroy Two Illegal Refineries In Edo / The Army Destroyed 2000 Illegal Refineries In Niger Delta (2) (3) (4)
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Re: US Investors To Build 6 Refineries In Nigeria by Diasporajohn: 5:09pm On Jul 03, 2012 |
VULCAN AGAIN!!! OMG!!! I MEAN REALLY NIGERIA, REALLY? Whoever is responsible for conducting due diligence at the Ministry of Trade and Investment should be sacked immediately for not steering its minister, Olusegun Aganga, clear of this disaster in the making. I can guarantee with absolute certainty that not one refinery will be built in Nigeria by Vulcan Energy. Minister Aganga reverse course, save your name, character and integrity as well as future embarrassment to Nigeria. I draw your attention to two articles posted on the web among the several post concerning Vulcan Energy and it’s personal. The first is titled ‘A WHITE MAN BEHAVING UNRULY IN ABUJA’ concerning Jim Mansfield who signed the MOU on behalf of Vulcan Energy. Please see: http://n2nnews.com/2011/08/24/a-white-man-behaving-unruly-in-abuja/ The second article is titled ‘FAITH’S CHICKENS’. Please see: http://subsaharanintel..com/2011/01/faiths-chickens-story-of-fraud-and.html I have observed several published articles concerning the signing of this MOU confusing a firm founded by Microsoft’s Paul Allan which shares a similar name, Vulcan Energy, with the Nigerian Vulcan Energy. They are NOT the same, I can assure you that Mr. Allan would have nothing to do with the likes of Jim Mansfield . YOU HAVE BEEN DULY NOTIFIED AND WARNED; SO NOW ACT APPROPRIATELY!!! |
Re: US Investors To Build 6 Refineries In Nigeria by Sealeddeal(m): 5:21pm On Jul 03, 2012 |
Someone has mentioned of this Vulcan company not being reliable.while i laud the effort of govt in achieving its goals,i will like to say that a company that have bad reputaion in its business deals should not be used to curse nigeria further..so if its true that Vulcan doesnt do well,i wish govt should revisit the contract with them with aim of ensuring that they must achieve the term of the contract....Weldone GEJ |
Re: US Investors To Build 6 Refineries In Nigeria by ochukoccna: 5:55pm On Jul 03, 2012 |
Its because the above question is silly. Top refinery operators dont risk their money where there is kidnapping, terrorism and standard economic principles. The second question is also silly, because the best thing to do is, go to America's BBB online (Business Bureau) to check the profile of the company, the history and case studies. The Better Business Bureau gathers and archives information it receives about businesses, both locally and nationally. It uses the information it gathers from consumers and other businesses to vet businesses to become members. The BBB collects information on business reliability, alerts the public to frauds against consumers and businesses, provides information on ethical business practices, and acts as mutually trusted intermediaries between consumers and businesses to resolve disputes. Although it has "Bureau" in its title, the Better Business Bureau is not affiliated with federal, state, or local government, and has no direct affiliation with any consumer protection government authority. The BBB, as a privately held corporation, has no governmental authority over businesses With the recent LIBOR scandal surrounding Barclays, how much trust can a private pressure group wield? @ topic, what is the essence of government if they cannot provide infrastructure? How can the govt keep circulating the bull that we cannot have pubic refineries? Why not burrow this 720 billion naira [at low interest rates] and build this six refineries to be owned by each Geo-political zone [Or burrow money to build 2/3 and let this one birth the remaining needed? Penny wise ,Pound foolish generation of looters and wasters Even well regulated economies of the Occidental part of the world have many documented instances of breach of consumer trust talk less of a banana republic like Nigeria where anything goes |
Re: US Investors To Build 6 Refineries In Nigeria by ochukoccna: 6:35pm On Jul 03, 2012 |
Whoever is responsible for conducting due diligence at the Ministry of Trade and Investment should be sacked immediately for not steering its minister, Olusegun Aganga, clear of this disaster in the making.Are you sure Aganga is not in on this WASH scheme? |
Re: US Investors To Build 6 Refineries In Nigeria by defbond1: 6:35pm On Jul 03, 2012 |
Hmmmmm God save nigeria!!! |
Re: US Investors To Build 6 Refineries In Nigeria by Dollarman101: 6:40pm On Jul 03, 2012 |
Kx:The process of establishing a refinery begins with the signing of MOU. An MOU is not just a mere document. It's a legal document binding on all parties that executed it. It could be enforced in a competent court of law, so when you hear an MOU Is signed, don't trivialize it. we must appreciate governments efforts in this regard. This govt is actually working hard in our petroleum sector. Last week Monday, we got news of SPDC's resolve to build a gas plant in IMO to facilitate FG's plans on gas supply to power stations. On Tuesday, there was a major restructuring in the managerial level of NNPC. On Friday, news came that the Senator Udoma committee empowered by the Petroluem Minister to formulate a new comprehensive PIB has submitted their report and Diezani forwarded it to FEC. In addition, the AIG Imoukede led panel submitted it's report on NNPC to govt and President assured that all those indicted wil be brought to book. |
Re: US Investors To Build 6 Refineries In Nigeria by 1forall: 8:06pm On Jul 03, 2012 |
Aganga has come again oh |
Re: US Investors To Build 6 Refineries In Nigeria by binaville: 8:54pm On Jul 03, 2012 |
another tactical way 2 eat money... |
Re: US Investors To Build 6 Refineries In Nigeria by tinkinjo: 9:16pm On Jul 03, 2012 |
Good development. However my worry is the cost tagged to the project. If as we are told a 100,000 barrrels capacity refinery cost 1 billion dollars, why is it that six refineries with a combined capacity of about 180,000 barrels estimated to cost 4.5bn dollars. |
Re: US Investors To Build 6 Refineries In Nigeria by ogahope(m): 11:34pm On Jul 03, 2012 |
dere is no problem wt Nig. Bt Nigerians ar d problem. hw can some one b criticizing d govt. For dis laudable project about to...? Atleast, dis is part of d fresh air. We need more GEJ. |
Re: US Investors To Build 6 Refineries In Nigeria by Elueme: 6:58am On Jul 04, 2012 |
I have found it diffIcult to comment on this issue since its post' not because am not aware or does not appreciate the intent and purpose of this MOU , neither will I deny the unrelenting efforts of govt to prove its critics wrong by ever being more committed to deliver on the numerous electoral promises but because the messengers of doom representing the interest of elrufai and co will never see anything good from a PDP led govt.... They ll do everything possible to waive this as another ruse from govt.. But if you are a nigerian or a true citizen of a nation, courtesy demands u keep some level of faith or have some allegiance to your govt irrespective why @ times am tempted to think some of us here are Ghanians or Nigeriens helping to propagate the message of retrogression... However, the testimonies of many ll soon change.... |
Re: US Investors To Build 6 Refineries In Nigeria by beespak7(m): 7:13am On Jul 04, 2012 |
This is a very big scam in the making!!! Vulcan energy has a very bad track record of fraud curruption non performance debt etc, what does this minister take nigerians for ? $4,5 BILLION no be beans oh !!! pls read quote below Author: Vulcan Capital - WARNING! Tue Jan 13 21:08:17 2009 To whom it may concern, please be advised that Ford Graham and Kevin Davis are involved in a lawsuit for non-performance of a similar contract in the United States. The BGT Group, Inc. provided Vulcan Capital with over $6 Million of money and equipment to build three components of a power plant. The contract was never completed by Vulcan, The BGT Group, Inc. was forced to file a lawsuit, and contact the FBI to pursue a criminal investigation. Ultimately, The BGT Group, Inc. manufactured the plants on their own; however, they are still involved in the lawsuit against the Vulcan entities (Ford Graham and Kevin Davis) and in communication with the FBI regarding this matter. Over the years, there are several other actions against various Vulcan entities of a similar nature. It would seem that, Vulcan Capital Energy is a new company created by Ford Graham and Kevin Davis to distance themselves from various (negative) past activities. Public records will show the various lawsuits against the numerous Vulcan entities. Moreover, we have come to understand that Ford Graham, Kevin Davis, and Vulcan Capital Energy are in no way associated with Paul Allen and his respective companies. The Sokoto State Government may want to accomplish a background check prior to giving these people any monies. Vulcan has not paid its onsite contractors, its sales staff, or the rent on its Abuja compound; the contractors have threaten to seal the jobsite until they are paid, and Vulcan has written bogus checks to their major contractor. The contractor has taken Vulcan’s jeep’s and other vehicles, and is threatening to take the bogus checks to EFCC for enforcement action, which they may have already done. |
Re: US Investors To Build 6 Refineries In Nigeria by Elueme: 7:38am On Jul 04, 2012 |
Pergrace: Shell Pays Federal Govt $46B Oil Tax in 4 YearsIn your thinking , Nigeria should re-invest all the $46 billion dollars into refineries because refineries are the only problems this country have. First , I can't authenticate your claim of she'll paying that royalty and at the same time, I cannot dispute you but when subsidy was removed and promises of new refineries by investors were one of the numerous promises made in exchange but you and other Nigerians said you preferred a turn around maintainence though similar approach hasn't taken us anywhere in the past. Are u aware that the award for the TAM of our four refineries have been sealed and work has invariably started? The president and his team isn't relenting, and u are aware of the shakeup in NNPC, the new proposed PIB, the senate committee unveiling an alien account of NNPC , this topic in discuss etc. . These are enough to make us watch keenly and stopped being deceived by unscrupulous elements with clandestine agenda for govt and governance..let us pray for Nigeria to get it right |
Re: US Investors To Build 6 Refineries In Nigeria by Murphy7h4: 9:48am On Jul 04, 2012 |
Look good |
Re: US Investors To Build 6 Refineries In Nigeria by Elueme: 1:28pm On Jul 04, 2012 |
porka:@ Porka, well said, God bless you |
Re: US Investors To Build 6 Refineries In Nigeria by steryville(m): 3:23pm On Jul 04, 2012 |
it is a welcome call for nigeria.....GEJ carry go |
Re: US Investors To Build 6 Refineries In Nigeria by Kobojunkie: 4:13pm On Jul 27, 2012 |
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