₦airaland Forum

APCHaram:
[s]You have showed a knack of refusing to take solid correction.

I have dispelled all you half truths on this thread starting with your misconceptions of oil revenue and production levels in the early 70's.

I am only responding to you because some random ignoramus may assume your position as correct when in effect it is total bullocks.

You can start the insults followed by posting memes but that only proves you have no more argument.

Try get an education sha because you are obviously heavily ignorant on issues you chose to argue over[/s].

APCHaram:
As I said go and get an education.

Nigeria at independence was no different than say the EU today with federating states.

The only power the prime minister had was in controlling the armed forces.

Stop confusing the title president of Nigeria at independence with the current executive president of a federal central authority.

APCHaram:
[s]I strongly urge you to brush up on your education especially in the spheres of history and economics before venturing into a career as an online tout.

You are full of misconceptions and inaccuracies as can be seen in this thread that it won't be wrong to call you highly myopic and ignorant.

If you like claim crap that what I posted was from Wikipedia.

Here is the original thread I made on this topic debunking the lies that your cocoa and groundnuts funded the oil industry. [/s]

https://www.nairaland.com/2286512/cocoa-groundnuts-did-not-fund#up

APCHaram:
What point?

Western, Northern and Eastern Nigeria operated their own embassies in UK, US.

Stop confusing the Nigeria in Eastern Nigeria to mean there was any form of central authority as we have now.

Eastern Nigeria like the rest of other regions was one step no different than South Sudan is to Sudan.

APCHaram:
As I said Nigeria operated true federalism and there was no resource or land decree in effect at the period under consideration et Al 1953 - 1966.

Oil companies operated in the then mid western and eastern Nigeria under agreements with the govts of those regions and not the central govt.

APCHaram:
[s]What is exactly?

I just showed you proofs that Nigeria had no control of granting concessions for oil drilling prior to 1970.

You need to brush up on your history because obviously you don't know jack sh1t[/s]

cocoduck:
[s]Also why are they fighting Robert Mugabe so dirty they resorted to sabotaging the economy of the whole of Zimbabwe, well thank God they have lost Zimbabwe and they know that, When Donald trump said he will ban Muslims from entering the US the Brits were first and I believe the only Europeans to react by saying that they will ban or some other thing to DT, well it is their own cup of tea, I believe what the OP said 100%, why did they destroy the Oyo empire? they looted everything, and burnt the ones they could not, anyways that guy is a house niggar, no need argueing with him.[/s]

cocoduck:
These companies can drill, but must PASS THROUGH THE SYSTEM SET BY COLONIAL MASTERS, ie in Gabon, the colonial master is France, so Total being a French company gets the lion's share, it doesn't mean you will not find shell in Gabon, or chevron, or ExxonMobil etc, you must agree to their whims and caprices before you exploit anything. That is how shell gets the lions share in Nigar area

APCHaram:
There was no federal govt in the years you mentioned not up till Jan. 1966.

Nigeria operated fiscal autonomy under a republican style of governance

The land act and resource decree only came about in 1970 after the civil war.

Nationalisation of oil Wells began after the civil war.

Hitherto to that oil companies operated on eastern Nigeria under licencing from defunct eastern govt.

You will do well to research the history of the Nigeria oil and gas sector.

APCHaram:
Here is a brief summary of the history and evolution of the oil and gas industry in nigeria

Reyginus:
Lol. How's that his argument. He's not the Op. The op made mention of 40% while he's talking about the stake UK companies have here. The British are bunch of thieves who reaped and ripped States they colonized apart. Petroleum, natural gas? In insignificant amounts, Yes.

But he's argument is that the UK still control our resources through their companies here. How does the fact that they produce their own food or even any other thing for that matter destroy his argument? You think Sanusi Lamido Sanisu who talked about a signed document to make the north uneducated is dumb.

Control. If they had met a more intelligent north it would have been vice versa. Through their companies we still live in the days of the Royal Niger Company. Tell me why this can't be true or why you think they still don't rip us? I get his point but I don't agree with the forty percent or zero resources even though we know a lot of what they have today were from stolen resources.

ShinnBet:
All the oil fields were in Biafra and not Nigeria in the 60's.

So how can oil licencing be issued by Nigeria?

Go to the link I provided above and enter the period 1973 to 1984 and see that Nigeria easily produced on average 2million barrels a day. At $15 pb, Nigeria easily made $10bn annually from 1973 to 1979.

This is fact. I am not making this up.

Just click the link and see for yourself

https://cdn.tradingeconomics.com/charts/nigeria-crude-oil-production.png?s=nigeriacruoilpro&v=201605220010n&d1=19730521&d2=19790521&type=column

Reyginus:
Lol. Onus on him? So what's wrong with his explanation? You are yet to say why they don't fit but you are also saying the one presented to you don't fit. Go ahead. Tell me why the one he presented is garbage.

Eze2000:
Typo errors and carefree-ness in my hurry. I had a lot to do, divided attention. And your joke was by no means on me, if u even look carefully I made a lot more mistakes than those two but perhaps I know what I'm talking about after all.
Incredibly frequent typo errors, that's what happens when u use a Tecno tablet phones on d net. They literarily go crazy and write whatever they like. U got to tripple check but I got u to correct don't I?
Never claimed I was so smart as to have an I.Q of 165 as Prof. Einstein did and yes I was talking about the USS Nimitz (named after Admiral Nimitz) led battle group...(love them die actually)....wish you had brought up a point on their deployment tactics or sophistication of weaponry....gathering such info, that's my hobby years on now.
Like I said 'goggle' or 'Google' (take your pick) would give u a few good names and tales but not much else.
Using names of mass murdering terrorists and tyrannical dictators, Idi Amin of all people is no way to joke.

Pls, endeavor to complete perfection before criticising others.....
"pathetically sad coming from Mr. Einstein that call the USS Nimitz...." so you say.

it should be..."pathetically sad, coming from Prof. Einstein who calls the USS Nimitz....." so I say.

Like said before ....I'm just a writer who does his homework.

Thank you

LOL at you ^^ up there.

You, you'll need 10 light years of intensive coaching to be able to correct my grammar.

You need more depth . . . you call yourself a 'writer', yet your writing is whack; from spellings, to punctuations, to use of ellipses, to composition and presentation.

And to think you're self-assuming while at it, just throws me into 'fits of laughter' . . . I wasn't even 10 in 1981 when I first read about the 'Nimitz' in the encyclopedia Britannica (that was our google then), but you're so going on to the podium to introduce me to her, like you've just discovered a new planet . . . à la "Nemitiz".

Like I said earlier, quit embarrassing yourself -- for yourself sake.

Reyginus:
You seem to be the one under the influence. Dispute him with a rational argument and not some irrational emotional one liner.

ShinnBet:
The era you are speaking of was when licencing for drilling oil Wells was being issued.

Most of the existing oil blocs today were awarded back in the 70's to multinational companies.

Do you know how much was paid to the NNPC for such grants?

Also you forgot that opec came into existence during this same period and there was severe energy crisis in the West during this same era occasioned by the cartel.

ShinnBet:
Funny how you can dissmis this long held accusation but accept willingly all accusations of missing $20 or is it $50bn under GEJ inspite of a detailed independent audit report that dismissed any claim of missing funds under GEJ

ShinnBet:
The panel was hindered by key witnesses such as obasanjo and Buhari not honoring their invitation.

The panel however found discrepancies in the NNPC accounting methods and lack of proper or non existing book keeping.

Do a research on this and see why Buhari is attacking Saraki over his father's role in exposing the fraud back in 1980 on the floor of the senate.

Eze2000:
Do u remember this quote of yours for sometime ago? For a General u seem quite ignorant of what an Admiral should look like.

ShinnBet:
Despite its relative autonomy in those early years, NNPC was hopelessly inept. In the wake of allegations of massive fraud, including an improper withdrawal of more than $4b from the corporation’s accounts in the late 1970s, the newly elected President Shehu Shagari (1979-83) in March 1980 instituted a tribunal to probe allegations.

NNPC’s oversight and regulatory role over the industry was virtually non-existent, due to a combination of low capacity, sheer inaction, and simply a proclivity of the corporation to break the law.

Agreements with IOCs lay around for years without ratification, and the IOCs often acted as if the corporation never existed. NNPC’s accounting system was an unmitigated shambles; the corporation had never prepared and submitted audited accounts.

The industry under NNPC up to 1980 was so dismal that the tribunal— even with its full judicial powers to subpoena witnesses and information —could not reconcile crude oil production and sales figures from the various arms of government. The panel recommended the pruning of the power of NNPC and the streamlining of its operation for increased efficiency.

The limitation of the panel is underlined by the tribunal’s failure to summon Generals Obasanjo and Muhammadu Buhari, who as national ruler, and oil minister NNPC chairman respectively “supervised the NNPC and controlled oil sales during the period in question.

http://bakerinstitute.org/media/files/page/9b06

cocoduck:
[s]I asked you two questions, answer them or I will assume you are a house niggar[/s]

ShinnBet:
The actual money missing was 2.1 billion naira at an exchange rate of approximately $1 to 50k.


This occurred during the years 1976 to 1979. When he was appointed minister of the petroleum ministry by obasanjo.

Eze2000:
Nope, sorry, too busy. Ask goggle yourself

ShinnBet:
He is fighting corruption and can't see the likes of Amaech, Fashola, Fayemi and Tinubu and still goes on to take their corrupt loot without questioning the source.


Abeg forget the hypocrite Buhari

Only a fool will believe this duara scammer


Here is a man who has never honored any public inquiry into his administration of public funds.

He was the pioneering minister of petroleum in the 70's where $4bn disappeared into thing air. Adjusting for inflation and interest rates, that stolen NNPC funds of $4bn under his watch is over $20bn in today's economy - the same amount they falsely accused GEJ of stealing.

He never bothered to attend the Senate commission setup to investigate the missing NNPC funds. But today he is talking trash about phantom looted NNPC funds.

He refused to attend a board of inquiry setup by Obasanjo to probe PTF funds disbursed to him under the Abacha regime.

And today he has the audacity to point fingers at others being corrupt.

I just feel highly disgusted when I watch the duara goat talking corruption whenever he goes abroad knowing fully well that his hosts are aware of his checkered corrupt past.

The man is by far a hypocrite and thief of the worst kind.

His anti corruption war is meant to silence opposition and nothing more.

cocoduck:
What the guy siad, is it a lie? is it a lie that the great US cannot intervene in Nigeria without the British consent?
Oh how I wish Trump wins.

Eze2000:
Thanks I'll pass.





ROFU-ROFU-LAMO

Eze2000:
Lol
You people don't understand nothing do you?
The strongest battleship in the Nigerian Navy to day is a hand me down battle criuser which a modern destroyer can find and take while still far beyond d horizon! The us navy's nuclear powered Nemitiz battle group alone comprises of 2 aircraft carrier and several battle ships. That elusive which stays hidden from all eyes in south pacific ocean battle group can fight a war with any country on earth for up to 72 hours and hold its grounds, even with Russia. And it will never even go with 100 miles of it foes. The air force fly pilotless aircrafts called domes and the army use high tech battle tanks drive by just one man instead of 3.
Wonder not why Nigeria has to and beg Russia or USA for 5th hand 10 year old weapons to fight boko haram?

Our ignorance of modern affairs and d way celebrate it is exactly why kids of 10 here are so backward while oversea 10 year olds are computer hackers. If I told u here that u could make terrible bombs from common fertilizers or cooking gas, u wouldn't ask how before calling me a fool but in advanced lands it old story.

All I have said is no comic writing or movie invention but fact. I'm a writer, a very good one too. I do a lot of deep research before I open my mouth. its I accumulate knowledge.

Thank you

I'm a writer, a very good one too. I do a lot of deep research before I open my mouth

Sctests:
Check very well. You are a muslim pro-fulani. Am I wrong?