₦airaland Forum

IkpuMmadu:
So you have denied them ...well its between you and the guy that you quoted ..what's my own

ariesbull:
Igbo man is known for one thing ...pride and we can't be this slow

Mind you this is Yoruba kings and picture says a thousand words

We have seen it
We have confirmed this
World have seen this

What a shame

onelife97:
Since saharareporters is so popular in Nigeria and diaspora.They are in a very fine position to awake a good revolution either peaceful or bloody,we don't care.But as much as I appreciate their investigative journalism,but I believe they are kind of picky in their report.

How come Tinubu,Fashola et al have not being exposed on corruption and treasonable acts.

We all heard Fashola has hotel(s)in UAE and nobody is talking about that.
How come the story of Saraki and that pig,what's the name again,the senator man from Kogi wey dey always show himself but don recluse after SR show some of im transactions on personal bank accounts in the US.Good,DINO MELAYE!
You see SR don't report anything about SR case with the govt since he don pass President Buhari choices as ministers.And we the citizens don't even remember anything again but to move on and be complaining online as e-warriors.

NB.I am a Yoruba from Lagos.

By Emman Ovuakporie & Johnbosco Agbakwuru

To many calculating the figure bearing headlines emanating from the ongoing probe by the House of Representatives Ad-hoc Committee on Crude Oil Swap and Oil Processing Agreement (OPA), so much economic attacks and sabotage appear to have been spearheaded by the same agencies and officials of government who were being paid with the nation’s tax payers’ money to manage and administer the resources.

However, to those who have closely followed the unfolding, events with patience for details, the much publicised “Dasuki gate” or “Arms-gate” as the case may be, is just a tip of the iceberg given the level of alleged rot and profligacy perpetrated by both local and foreign oil marketing firms under the supervision of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Product Marketing Company (PPMC) while the Presidency folded its arms.

The case with Nigerian crude oil theft narrative has been that of an owner stealing what belongs to him and at the same time raising the alarm over the theft. That explains the attitude of the Jonathan-led Federal Government and the management of the NNPC and PPMC aiding and abetting crude oil theft whilst shouting to high heavens that the nation was being robbed of her oil resources by thieves.
It is no longer news that crude oil worth over $24billion was allegedly taken from the wells and shores of Nigeria by a company established as a subsidiary of the NNPC for the supposed advancement of Nigeria’s economic interest with regards to crude export, marketing and importation of refined products just like every other company involved in the swap arrangement.
During one of the hearings, last Wednesday, the Managing Director of the PPMC, Mrs Esther N. Ogbue, alluded to the fact that there was no record to show an agreement of crude oil lifting under the swap arrangement between the NNPC and the subsidiary company.
Verbal agreement
She said a written agreement between NNPC and the subsidiary was only made on 31st December 2014, even as the latter was awarded the contract and started crude oil lifting way back in 2011 through a verbal agreement.
What this means is that a supposed official and legitimate business transaction between the NNPC and oil companies on behalf of the Nigerian government went on for four years with no documented contractual agreement providing legality.
The situation with the subsidiary may have assumed the semblance of ‘mother’s oil pouring into mother’s beans’, given the parent-child relationship it has with the NNPC. According to the subsidiary’s Managing Director, Abdulkadir Sa’I’d, they were awarded the contract with the purpose of building capacity, as “a family company”, (how convenient) considering the helpless situation Nigerians often found themselves in terms of accessibility to petrol and kerosene which sells in most areas above official price while the NNPC and PPMC feign ignorance?
If not, what justification do the NNPC and PPMC have to allocate 12.5million metric tons of crude to a foreign firm registered in Panama with a view to evading tax in Nigeria (because that has been its behaviour according to the Federal Inland Revenue Service boss, Babatunde Fowler, at the hearing).
The NNPC subsidiary, Duke Oil Limited, then decided to engage three other companies – Duke Oil/Televaras, Duke Oil/ITEO and Duke Oil/ONTARIO – as third parties for the crude lifting and delivery of refined products which to a large extent never was.
Stating the tax losses of the transaction to the economy, Fowler put the amount at N1.1billion of payable tax on the part of the foreign firm alone.
Meanwhile, Duke Oil paid N26.5million in tax out of over N250million.
According Fowler, the FIRS was not aware of the said transactions involving the foreign firm because it is a non resident company just like Duke but is not registered with the FIRS for the payment of tax. Therefore, it has never made any tax return to the FIRS.
More damning in terms of impunity and disregard for the socio-economic sovereignty of Nigeria was the revelation by the Nigerian Customs Service that the foreign firm was allowed to lift over 12million metric tons based on the swap arrangement and refused to return a single litre of premium motor spirit (PMS/petrol) or DPK (kerosene) in line with the swap agreement despite evading tax and both the NNPC and PPMC maintained criminal silence.
Assistant Comptroller General of Customs, Mr. Alu Sule, in charge of Tariffs and Trade, said: “The Nigerian Customs Service is not aware of any swap arrangement or OPA with any company. If we are going to make any comment on it, it would be in a position of ignorance, and we are here to give the facts as they are.
“The only government policy we are privy to is the non-collection of duties on petroleum products, but as far as our records can show, we only know that the foreign firm exported a total of 12.5million metric tons of crude without importing any refined product.
“If the importation was done in a different name is what I can’t say, but there was no record of them bringing in any refined product”, Sule suggested that the transaction without an official waver for non-return of refined products represents a massive crude oil theft perpetrated by the company under the watchful eyes of relevant government agencies such as the NNPC and the PPMC.
However, according to the NNPC Group Executive Director, Babatunde Adeniran, who was also the representative of the petroleum minister (state), Ibe Kachikwu, the companies involved in the swap cumulatively owed the Nigerian government a total of $203 million after reconciliation between NNPC and the companies based on legally contracted deals.
By the time the hearings are over, Nigerians would know that Dasuki or Arms-gate is nothing but a child’s play, and that the nation has been handled in a worst way than the ‘Banana Republic’ could have in the absence of law and leadership, exposing the underbelly of the swap regime.

andyanders:
Cost of freight is half cost of aircraft? cant the plane be flown to its destination?

DANILSA:
With all the propaganda i still cant see the offence Dasuki commited, he has alot of evidence to back his claim while the presidency has shown us non, take him to court let us have an open trial, if found guilty he should be sentenced to death or 2000 years in prison if innocent he should be freed.
Bacanista plus lalasticala please confirm if dasuki said so.

IVORY2009:
The media trial of this govt is something else.

Pidggin:
As expected, majority tribes bullying a president from a minority tribe out of office. With the number of cancelled election results by the judiciary, it is obvious that the entire election was filled with irregularities. He should have gone to court for the sake of Nigerians who voted for him. Bigots do not appreciate the sacrifice you made Sir.

zendy:
Basically, GEJ is saying that even if he had reservations about the elections, he knew that if he had contested the results, the North and some of their SW allies would have visited mayhem on the country. He was literaly 'bullied' out of his constitutional right to contest the outcome of the election. GEJ saved a lot of lives by conceding defeat. Unfortunately, if he had to do this to save lives, APC is not likely to be a Government that will effect any meaningful change

Ishilove:
Lol. I think so too
Lord knows how many germs hanging on that ring

Papist:
Not only the Pope's ring is kissed but every bishop. Its just a way of showing respect. Remember Christianity arose from the Middle East to Europe. Perhaps it was their way of greeting dignitaries just like in Africa we kneel to greet elders. And it does not need to be in the Bible.

Amberon:
its just a way of exchanging friendly pleasantries. I don't think he was kissing his ring tho - even if the pope wasn't wearing a ring, Leonardo would've still kissed his hand. Its a sign of respect to a highly revered person.

wtfCode:
ritual. catholics are good at shits like that

jeytee:
Blind leading the blind....Ojukwu the originator of this whole movement clearly said in an interview that it would be silly to try and resurrect anything Biafra..Ojukwu must be weeping in his grave..this Kanu guy is a lunatic and he deserves to be locked up...imagine sabotaging telecom networks mast and using it to broadcast bullcrap...Nigerians wake up

Kx:
How come every ibo man grows white beer beer just 4days into custody?

DONSMITH123:
The Peoples Democratic Party (PDP) Acting National Chairman, Prince Uche Secondus has distanced the opposition party from the statement asking former President Goodluck Jonathan to open up on the $2.1 billion arms scandal.

DAILY POST reports that about 12 prominent chieftains, including a former National Security Adviser, Sambo Dasuki, are currently in the EFCC net for their involvement in the sharing of the money meant for arms procurement under the Jonathan administration.

The party’s Deputy National Publicity Secretary, Abdullahi Jalo, had at a recent press briefing, called on Jonathan to respond to the claims by Dasuki that the money was shared on the directives of the former President.

However, Secondus said Jalo spoke for himself and that his views did not represent the position of the PDP leadership.

“Let me make it clear to you that Jalo was only expressing his personal opinion because his views did not represent the position of the party.

“There was no time we discussed at the National Executive Committee (NEC) that Jonathan should speak on the arms deal scandal. There was no time such a thing came up at the NEC. So, Jalo must be expressing his personal opinion,” the party acting chairman said.

He decried the continued detention of the party’s National Publicity Secretary, Chief Olisa Metuh and other party chieftains by the Economic and Financial Crimes Commission (EFCC).

He also denied reports of his removal as the party’s Acting National Chairman, saying the PDP constitution recognised his present position in the absence of a substantive chair.

Cc: lalasticlala

http://dailypost.ng/2016/01/13/pdp-disowns-jalo-denies-asking-jonathan-to-speak-on-arms-deal/

Herald47:
46 years later the igbos bounched back despite the 20 pounds policy they are:
1.one of the richest tribe in africa.

2.one of the largest tribe in africa.

3.one of the most educated tribe in africa

4.one of the most entrepreneural tribe in africa.

5.one of the tribe making waves and breaking records all over the world.

Feranchek:
I'm yet to find that non-cleric Nigerian, that gives free of charge. BTW, last I checked, his refinery isn't being built in Nigeria. So at the end of the day, na still importation we go dey do

openmine:
Good....
Before i go further let me make a correction...its ptf(petroleum trust fund) not ptdf which was embezzled by OBJ and ATIKU

wen obasanjo was sworn in as president in 1999,He set up a judicial panel to probe ptf...they later confirmed through their report that funds worth billions were missing...hope i have answered that for you?

So far the amount of monies missing as contained in the panel's report then was over #25billion but there are still controversies that monies more than that figure was missing...Hope i have answered that for you?

for more infos..go and read the links below

http://www.thisdaylive.com/articles/how-obasanjo-s-report-indicted-buhari-in-1999/198511/

https://www.naij.com/353981-obasanjo-exposes-buharis-mismanagement-of-ptf.html

If these links dont open ur eyes about PMB den lets move on like nothing ever happened

fascowilly:
from party national chairman, read it again