₦airaland Forum

dearpreye:
Would you rather we should have a one party state? Bro, almost all those who pillaged this nation are now in your saintly broom waving party!

You sound so bitter this morning! What's the issue?

coming from people who want PDP to rule again after their outright ineptitude..Thank God all those u are crying and ranting about has not been accused of embezzling any party fund on like the People u shameless defend all the time...you all wanted a one party state before what changed now?..breeze don blow we have seen Fowl y*** capish?

faray:
innocent citizen stil out by 12am... ok continue

So are u saying all those who travel night bus are not innocent?..Did you not see where he said the sister was sick...Naija and their one way thinking self

PassingShot:
I will read first ...

Thanks and kindly repost it too..This story is too good to be hidden because it will surely enlighten all Nigerians

Kindly continue reading at that link...You will understand how this people has completely killed our Generation...I enjoined you all to read with an open mind, You can repost the whole article so it can get to Front page; Cc Omenka, barcanista, passingshot,Cleverly, Cc:lalasticlala, Wisdomflakes

Continuation: The problem here is that SLS said he had no idea how the amount of crude to be swapped for refined products was calculated. All he was able to find was that at one point, NNPC was ‘swapping’ 200,000 barrels of crude per day. That is a lot of crude. Did Nigeria get that much value in refined products? Who knows? Enter PwC The first thing to note is that PwC was asked to investigate all money due to the federation from crude sales to see what had been remitted and what, if any, was outstanding. It did NOT investigate the swaps or the Strategic Partnership Agreements as those were not part of its remit. So what did it find? That the total revenues for the period in question were $69bn and not $ 67bn as stated by SLS. It had also remitted $ 50.8bn and not $47bn as initially thought. So, there was still a gap of roughly $20bn to be explained as before. Somehow NNPC managed to overpay $740m to the federation account if we accept its own numbers. As we shall see; NNPC cannot count, it cannot buy, it cannot sell. Based on this, we can conclude that ‘no money is missing’ and close the case. Afterall, the numbers have been made to add up one way or the other – the $20bn that we thought was missing has been accounted for wan kain, as the outgoing President is wont to say. But who or what gives NNPC the right to withhold nearly 30% of the money it receives on behalf of Nigeria and then spend it as it wishes? Here we have a goat locked in a room alone with a yam and no one to supervise what’s going on. PwC’s opinion is that this practice of withholding money and then spending as it sees fit is highly dubious and that the NNPC act needs a legal opinion to determine whether it has the right to do this. What stops NNPC (the goat) from withholding 50% of revenues (the yam) and then telling us later that it spent it on one thing or the other? Based on this, nothing. Kerosene Subsidy From the chart above, we can see that the biggest expense in the accounting of the ‘missing’ $20bn is the petrol and kerosene subsidy at $8.7bn. Of this amount, NNPC claimed to have spent $3.38bn on kerosene subsidy. Yet, whether or not subsidy should have been paid was doubtful in the first place. Here’s the gist of what happened Continue reading @aguntasolo.com/

This Yam, This Goat, This Country: PwC and
NNPC – Part 1
“Friends and countrymen; I beseech you by the
mercies of God that ye do whatsoever it is within
thine powers to prevent a frolic between the
yam and the goat. For, as surely as the rising
and setting of the sun, such an enterprise
yieldeth only corruption, nay a sad ending for
the yam” – Goodluck The Jonathan, First of
His Name
Finally, we get a chance to see what PwC, the
auditors, saw when they looked into the black
hole that is NNPC. The full report is here (200
pages). It is not pretty.
I am not an oil and gas expert and much of the
industry and how it works confuses me. But the
PwC report is written in English so let’s try to
parse it.
Remember The King?
A quick recap of what started all of this – King
Mohammed Sanusi II, in his former life as SLS,
the Central Bank Governor, told the nation that,
based on what he had calculated, NNPC sold $
67bn worth of crude in the period from January
2012 to July 2013. He then said that as custodian
of the nation’s purse, he had only received $
47bn of this amount. In other words, up to $
20bn of the money was not accounted for.
Contrary to popular perception, SLS never did
say the money had been stolen and he certainly
didn’t name any names in his 300 page report
submitted to the National Assembly. His main
issue at the time was that, as CBN Governor, his
job was to manage the exchange rate and the
nation’s reserves. If there was $20bn out there in
the wild, then his job was being made a lot
harder than it needed to be.
He identified 3 ways in which the country was
losing money as follows
1. Strategic Partnership Agreements – In
2011, as part of the efforts to promote local
content, Shell sold its shares in 5 oil fields where
NNPC was the majority shareholder. Shell had
been the operator of these oil wells but NNPC
awarded the operator rights to its subsidiary
NPDC i.e. it allowed Shell to sell its shares but
not the rights to operate them as it previously
did.
NPDC then signed an ‘agreement’ worth almost
$7bn with Seven Energy (3 fields) and Atlantic
Energy (2 fields) for them to operate the fields.
These companies of course had no clue how to
operate the oil fields – Atlantic was registered as
a company the day before it signed the
agreement – so they sub-contracted the work to
other companies. Seven Energy’s contract
entitled it to 10% of the profits from the 3 fields
while Atlantic was entitled to 30% of profits in its
2 fields.
SLS complaint was that these 2 companies were
pointless and were just collecting money – that
should have accrued to Nigeria – for doing
nothing. Why didn’t NPDC just sub-contract the
work by itself? The 2 companies also did not pay
any taxes or royalties whatsoever to Nigeria.
2. Kerosene Subsidies – This one is fairly
straightforward to understand. SLS did an
analysis of kerosene prices in all 36 states of the
federation in his report and found that prices
ranged from N170 to N270 per litre.
Importers bring in kerosene and sell it to
government at N140/litre. The government then
sells it to local retailers at N40/litre with the
understanding that they sell it to the ‘common
man’ at N50/litre i.e government subsidises it by
N100/litre. The retailers take the kerosene and
sell it for what they like as stated above.
There is no sweeter corruption than this one.
According to SLS, Nigeria was spending $100m
per month on this pointless exercise. Not a
single Nigerian anywhere bought kerosene for
the ‘official’ N50/litre.
3. Swaps – Even with all the money going into
NNPC, like a true apa, it is always broke. Due to
the semi-dead refineries we have, NNPC of
course has to import refined products (petrol
and kerosene) but it often doesn’t have the
money to pay importers in cash. So what it does
it tell importers to import the refined products,
then calculates the value of that product in crude
oil and pays the importers with crude oil. This is
how human beings traded before money was
invented – by barter.

barcanista:
He can hire and fire even up till May 28 as long as his actions falls within the law.

Hope when Buhari starts to remove them, u won't come here and shout blue murder or that he is Vindictive....Am not a fan of urs anymore, I thought criticism should be about the good of the country without any bias analysis...I think u now do ur criticism base on a witch hunt...all the best buddy

Seriously, I don't understand why our outgoing president keeps firing and replacing like a lady changing their panties everyday..What is he up to?, why not wait and allow the incoming president to appoint who ever he wishes to those positions..@Barcanista will not see all this and criticise only to go on a Jobless epistle about how Buhari wants to ban freedom of press...The outgoing president should just leave peacefully

barcanista:
The management of AIT are not answerable to Buhari and they owe him no explanation. Buhari has NO right to suspend, intefere or intrude into the affairs of the media whether AIT or no AIT. His action is unfortunate, unconstitutional and can be likened to War Against Press Freedom. You Buharists supporting this show of Tyranny should hide your heads in shame.

Dude since u decamp to PDP ur sense of reasoning has been lost forever, sorry for my choice of words...if you still do ur search like u usually do, u will find out many us president has bar different news outlet for covering their activity, example of such is Obama barring. "The Herald" for covering his activity...it does not mean he clamped down on media..All this noise just had to do with perception of the people due to buhari antecedent regarding Freedom of information...Buhari is within his right to Bar Ait from airing his activity...1 question, Did Buhari breaking any constitution or law for what he did...your Answer to that should shut u up for Good!...This opposition don transformer u completely

This PDP are jokers...you just have to listen to PDP youth to get idea of what the party is all about...A party that could careless about the numbers of death in the country...If PDP like, let them change their chairman it won't change anything...PDP will only be discuss in social studies in few years to come

At this stage, the outgoing president should stop any last minute action that can sabotage the incoming president...like Lai muhammed said, if this is true, he should kindly look into it before his accolades rubs him in more Mud...The question I still want to ask is why the rush?..The president has been quiet on many issues since he lost the election...Still waiting to hear him say something on the xenophobia attack before may 29

Ariyke:

I know that house...it is at Ojo opposite ojo local government

ShowYourCertificate:
The APC should do an introspection to find out why the planned merger with APGA failed. Did they meet the wrong people? Were they diplomatic in their approach? What was the terms of agreement? And so on. It is only then that the APC should know why the merger failed and try to improve upon it. This was what was done when the initial planned merger between ACN and CPC didn't pull through.

APC shouldn't play the tribal card you are suggesting lest it will crumble. Just my humble advice.

Can't believe u can talk intelligently like this without those ur normal rant about buhari...Just continue to argue like this ur comment and Nigeria will be a better place for u and I

barcanista:
Left Lagos 5am arrived Ibadan 6pm.... Smh



Tales tales tales

Looking for attention here and there and hoping to get some of ur rep back?...Bro it takes time to build but little time to destroy..you just lost all ur rep in just one suppose wrong move...I Am still a fan

Freemanan:
So because no one called Fayemi a nationalist, GEJ isn't eligible to be called so?.... I'm done with you bro

So because he conceded defeat he is now a nationalist, so all he did in the past should be forgotten...What kind of nationalist goes dancing a day after scores of his citizen died in a bomb blast...Am also through with you!

Freemanan:
You must be sentimental... Both are Nationalist to the core....

So how come no so much cry for fayemi to be Tagged hero like most people are clamouring for GEJ...seriously am not sentimental, I am just calling a spade a Spade

Freemanan:
He has already started a trend in Nigerian politics where the loser doesn't have to be bitter over his loss but instead congratulates the winner and hope to work with him. I mean, that's true Nationalism : nation first before personal interest. So my dear, he has changed the way future politics will be run. He is giving what he has. #APC faithful

He was not the one who started it but FAYEMI of Ekiti...I have not seen anyone call him a Nationalist

Nicepoker:
u are taking it too far. Governance is not an easy task. If u are given an office to manage don't be surprise that u may fail woefully. If u observe nigerians that are living comfortable don't give a damn about GEJ. Go get ur self busy and forget about all these politicians. They are all the same.

Why don't u get ur self busy too and leave his comment...Pretending to be neutral while in the real sense u support Oga Jona

Freemanan:
This man is a technocrat cum academician... He was never a politician, and his post-election gestures has showed his real personality... A great Nationalist and a man of stealth. I hope he'll remain in the corridors of our national affairs, more of the same please.... #APC faithful...

Seriously I don't see what he can contribute...You can't give what u don't have

Frando29:
People just make unbelievable comments. Please give honour to whom honour is due. Let's face it Buhari would never have conceded if places were switched. I am not a fan of GEJ, but for this singular act, he has my love and admiration.

Do u expect one to concede defeat when an election is rigged?...you guys are just finding succor in the act of him conceding defeat just to praise him for his ineptitude...seriously, sentiment aside; do u think GEJ really deserve second term?

Equalizer:
Are you perfect?

no one is perfect but no excuse for a person that eats food worth a billion naira per year...Second base jare!

joewilly:
He did his best and he is well appreciated. How many people today will aceept defeat even the opposition. A stern president could have wasted human life to remain in power. we love u weak Jona

Its probably obvious u don't know what good governance is all about...Just go outside this country and u will weep for Nigeria...If to u conceding defeats means he is the alpha and Omega then bask in the euphoria till he finally steps down on may 29.

joewilly:
He did his best and he is well appreciated. How many people today will aceept defeat even the opposition. A stern president could have wasted human life to remain in power. we love u weak Jona

Its probably obvious u don't know what good governance is all about...Just go outside this country and u will weep for Nigeria...If to u conceding defeats means he is the alpha and Omega then bask in the euphoria till he finally steps down on may 29

anwo247:
GMB is a daft and do you expect him to know that Ngozi has been the saving and salvaging grace of Nigeria?

Let him disregard ngozi and pay dearly. The reason I was against electing a tout as a president. But democracy is all about numbers....more illeterate will control the wise few.. just watching

You and the person u quoted are clowns...lol...Can u explain to me why u think Ngozi is a saving grace to Nigeria...kindly enlighten me plss

Gejpresident:
New Beginning!
I was left in tears when i read President Goodluck congratulatory message to Gen. Buhari

I was not crying because i felt like crying, i was not crying cause i supported him and he lost, but i cried cause his words arrested my emotions.

He wished his opponent a good administration ahead, he congratulated him and accepted defeat.

I could remember by this time in 2011, Buhari never accepted that he lost, he promised Jonathan that he will make his administration ungovernable for him and he later fulfilled his promise.

His supporters took to the streets and slaughtered innocent Nigerians but he never stopped the killings.

But today, he has won that same man that defeated him in 2011 but got a congratulatory message instead of threats.

He has wished him success and not promising him an ungovernable tenure.Few weeks to the election, the people we call our leaders were busy sending threats to themselves and leaving the poor masses gripped with fear.

Some people left the country with fear of the aftermath of the election. But today you'v restored peace by accepting defeat peacefuly.

Oh! Jonathan, you've shown us that you'r a Goodman. You'v shown African leaders the true definition of democracy. You wished not to influence the elections with your powers, you wished not to cancel the election when you can do it and nothing will happen.


Posterity will never forget you where ever you go. I am still your fan for life. You'r a good and gentleman but surrounded by ingrates and fools that care for their pockets alone.
Oh Jona! You lost the election but won our heart....



Jk for lagos state

wike for rivers state


pdp for my state edo 2016


God bless PDP

God bless southern Nigeria

Can u give me reasons why u choose to vote for Wike?...Just want to know why the choice of Wike instead of Dakuku

Whynotthetruth:
I write with free will and also comment as I feel like, but don't you ever come around to attack my person instead of the topic astake... because you won't like it if we play dirty...thanks

I don't see how I have attack ur person..get off ur high horse and stop talking like any of ur dirty play will kill me...worst u could do is to insult my parent and my self... U are free to express ur self the way u like..

Whynotthetruth:
Bro, since when did my freedom of expression and speech start being impaired and regulated by you...
Did I stop you from commenting?
Isn't it a free world again?
Why not ignore me if you think I am begging for attention?
Did I mention you here?
Kindly don't allow me handle you abysmally?

are ur last words question or a statement?...You are free to handle ur self do way u like but there is so much anger in all ur words...Pipe down and take it easy...Your candidate my lose today he can still be a winner tomorrow

Whynotthetruth:
If barcanista wasn't important to you and others you won't be searching for him as I didn't see him ask after you...so his ego should be massaged because its worth it with people especially you running around to see him...

The wise don't advertise it on the street...For arsetalk and APC to claim monopoly of wisdom shows they are delusional...Which technical knockout...

Did you register here to win homepage...you need to mature and grow with your age bro...

You are just ranting all over the thread like u are begging for attention...We have seen you, can u just suck it up and let Barcanista answer is own quote

Mogidi:
By your action you proved yet again the power of barcanista's punditry. No attempt at providing superior argument, I feel you bro. We used to be at the receiving end of barcanista's incredible analysis.
Ekpele!

What superior argument are u expecting from him, so long it is Barcanista there is no point arguing it because he will be wrong like he was wrong about SW politics during presidential election...Barcanista has been Transformed

Sibrah:
I have been hearing Barcanista all over this forum and i used to assume you are one politically savvy dude, but i am disappointed at your low level of reasoning. Amaechi exercised his civic right by supporting and campaigning for whoever his wishes to support and campaign for. However the PDP bra in your eyes wouldn't let you see things that way. You think your skewed opinion about a fellow citizen will make him wrong for exercising his right.

He used to be sound and knowledgeable but since he joined those PDP people everything just completely transformed like GEJ transformation...I was a big Fan of his seriously

barcanista:
As long as I am concerned, Dakuku Peterside and his master Amaechi deliberately conspired against President Jonathan and the Niger Delta people to kick out Jonathan and handover power to some cabals in Daura and Bourdillon in the name of "Change". Amaechi and Peterside did worse by lying against the Rivers people that they never voted when it was clear to all that election was held. In their bid to satisfy their paymasters, amaechi, peterside and their thugs disgracefully put up a show on National TV in order to discredit the process and have Rivers state cancelled. The era of taking Rivers money to Bourdillon is gone, PDP and Wike will sweeeeeeeeeep them out.


N/B: I have no problem with anybody aligning or supporting a party/candidate, but I won't tolerate any deliberate attempt to aimed at embarrassing Rivers State inorder to satisfy an inordinate ambition.

#Wike4Governor

well done!...If they truly conspire against Jonathan, how many vote did Buhari get in Rivers?...Few month ago u agreed Jonathan failed Nigeria now u think differently..Na u sabi sha!

Not even Jimi Agbaje's campaign manager can sell the candidacy of Jimi without bringing in the Tinubu sentiment...Is he not marketable?...Part of his bold idea is to return Okada to the major road forgetting Okada was not banned completely but restricted to some areas which has led to massive reduction of death by an Okada man....Just one question for those who want Jimi as the governor, what are his antecedent to deserve to rule Lagos. Before anyone will call me partisan this is how I casted my vote at the last election...Presidency: APC Senatorial: APC House of Rep: PDP(yes I voted oghene)