₦airaland Forum

TheGoodJoe:
What are you typing?

The extent people go to defend corruption baffles me.

The point is simple. NNPC spent billions of dollars without appropriation. Simple.

Emir Sanusi's memo exposed it.

Open, close book and a countless memes does not change the fact.

For the record and educational purposes, subsidy on kerosene was still in force at the time as the presidential directive of October 19, 2009. So the question of spending billions without appropriation doesn't have legs.
No wonder Sanusi kept giving different figures every day.

#Barryseal

TheGoodJoe:
Members of the NNPC were indicted by the PwC report that they spent about $20 billion dollars without appropriation. Simple.

Whether you like it or not,

Finito.

But you have failed to prove this. Whatever makes you happy though.
Bye bye

#Barryseal

TheGoodJoe:
Stop trying to be trickish and get the simple point.

NNPC gave excuses of what they did with the money after the debacle. Claiming they spent it on frivolous things like the kerosene subsidy.

It was after that that Pwc said they should still return about a whooping $1.5 Billion.

The question is, did they have the right to make those expenses they were claiming they did without appropriation? No they did not.

Simple. Stop trying to defend corruption.

Now you have come down to $1.5B. The figures are no loner up to $47~20b claimed by Sanusi.
Sanusi's tactics was simply throwing shiit on the wall and look out for what sticks.
No oil company in the world will come out clean when audited. Not BP, shell or Total. They all run shady deals which are smartly kept off records.
The question is the nunbers being brandished and the political millage gained by the then opposition.

#Barryseal

TheGoodJoe:
PWC Report on Audit of the NNPC

I have gone through the report and wish to comment as follows;

With respect to the audit approach and procedures used by the audit firm, they carried out their work in line with international acceptable standards of auditing. Hence, the work done was of high quality and in line with best practice despite the auditee-imposed obstacles.

Overview of their findings;

beyond what was reported in the media which I will say it's just a minute fraction of the startling revelations contained in the report, I have dug out other salient and critical weaknesses or gaps from the report which I will share with you.

In order not to bore you friends, I will be very brief and straight to point.

The auditors were starved of information during the course of the investigation. Definitely, a deliberate attempt by the auditee to frustrate the exercise. This was mentioned in all their limitations page.

NPDC the exploration and production arm of the NNPC did not submit its financial accounts for audit-page 13

NNPC enabling act gives it power to spend money without limit or control-page 16

NNPC sells DPK to bulk marketers in Nigeria at N40.90/liter as against ex-depot and regulated price of N34.51k/liter- page 18

NNPC sold its 55% interests in 8 OMLs to NPDC at an under valued amount of $1.85b. Out of this only $100m was paid by the buyer. By the auditors valuation using market basis, the actual value of the blocks should be $3.4b-page 22

NNPC does not have records of crude oil sales leading to variances in the records page 51

$13.673b being revenue from sale of domestic crude oil not remitted by the NNPC to federation accounts-page 57

Two different prices used by the NNPC to value crude oil lifted or sold. The price used to value the one going to government is lower than price paid by off-takers page 58

DPK subsidy claim over stated by $40m by the PPRA- page 71

PMS subsidy over stated by $36.05m by the PPRA- page 72

DPK subsidy over charged by $203.54m by the NNPC- page 73

Friends, these are just few of other salient findings in the report. I just hope the president-elect will call for a thorough probe to unravel other "mysteries" cleverly hidden by this rotten NNPC group and bring the perpetrators to book.

https://www.nairaland.com/2291990/summary-pwc-audit-report-nnpc#33382071

The original poster of this article was trying to be clever by half. He started out saying the auditing firm was starved information, making it appear as though the nnpc was the sole accomplice. If one didn't read the full audit, he wouldn't know both Nnpc and CBN, governed by Sanusi closed their books to Pwc.
This alone exposes the OP as partizan and probably working for someone somewhere to discredit the govt.

It is best you read the full audit and find your own truth.

#Barryseal

TheGoodJoe:
What are you typing here?

I said the PwC report proved Emir Sanusi was right that the NNPC spent close to that figure without appropriation and your typing not believe me.

The same report showed Sanusi was wide off the mark from the $47b~20b he alleged. The unreconciled discripacy was about $1.48B which they prompted NNPC and NDPC to remmit. $1.48b and $47~20b claimed by Sanusi is what you call close? It appears you don't have a keen eye for detail.
The Pwc report is a public document which I have posted the compete audit and even in possession of the pdf.
Don't argue like an unlettered person.

#Barryseal

tbaba1234:
I do not believe they replaced the pitch. They simply performed routine maintenance.

The stadium is definitely not on the level of the ones, you are talking about. It was simply more playable not perfect.

I think you're stretching this talk about routine maintance and lawn mowers too much to defend poor display by the senior national team.
This was from a training session before the Seychelles match.

https://www.instagram.com/p/BvR1k7VnGp8/?utm_source=ig_share_sheet&igshid=ph49eqajmro

That pitch looks no different than the one I saw today. Let's not be afraid to hold our team accountable for poor display.
Such disposition breeds mediocrity.

#Barryseal

TheGoodJoe:
I do not understand what you are arguing. It was a fact that about $20 Billion dollars was gone from our crude revenue by members of the NNPC without appropriation. A fact.

Stop trying to defend it with the idea it was done to tarnish GEJ's administration. It was after the Emir Sanusi's debacle that the NNPC members started giving excuses of how they spent the money.

The question is, did they have the right to spend about $20 billion without appropriation? No they did not.

Emir Sanusi did not do it to tarnish the image of GEJ. It was a memo he sent to GEJ's office that got leaked. A memo asking GEJ to stop the humongous corruption taking place under GEJ's nose.

That memo got licked.

No disrespect sir, but I am rather inclined to believe a reputable internationally acclaimed auditing firm like Pwc than your street talk of a missing $20b.
Thank you.

#Barryseal

tbaba1234:
Nigeria played on Friday so they most likely did not train on Saturday so only the under 23 used the pitch on saturday. It does not take more than 1-2 hours to mow the pitch.

It takes more than just mowing to get a pitch ready. I have seen a documentary about how LA Liga grounds men take care of their playing turf to suit the Liga standard.

Trust me, it is a very tedious job which requires days if not weeks to get the job up to speed with the set-out standards and within this period, the pitch will not host any games or training sessions.

But if you say the Asaba stadium was a lawn mow away from being good, who am I to disagree with you sir?


#Barryseal

tbaba1234:
I believe the criticism forced the stadium managers to improve the stadium. They had two extra days to work on it. It has obviously been mowed so some work took place.

No one is saying, it is perfect but it was more playable.

How could they have achieved that in 48hrs when the Super Eagles, dream team, Libya and even Egypt have been training on same pitch over the weekend.
Reason am na


#Barryseal

TheGoodJoe:
I just highlighted two places from your posted article to show you that article shows Sanusi was right. This is a far spent debate and Emir Sanusi was right that the NNPC members were selling Crude and using the revenue as they like without due appropriation. I can even go as far as telling you that the Kerosene subsidy was even a scam because it was never subsidised at the filling stations.

It is nothing to joke about the facts was there and it was a time of gross misconduct. If it is not still happening under another veil.

Bros, I no dey defend corruption. But in this case, Sanusi goffed big time. His initial statement was that $47B was missing. Later he said it was $20B. Pwc audit report directed NNPC and NDPC to refund $1.48 to the federal government over unreconciled transactions.

The whole circus and stunt by Sanusi and Obasanjo was to discredit the Johnathan administration for their political inclination. Newspaper editors in the pocket of the big boys latched on the story and wiped up sentiments from the masses who know little to nothing about how government agencies work.

A guy at a newspaper stand was so convinced that Nnpc and Diezani misappropriated $100b.

#barryseal

tbaba1234:
Technology?? You mean a lawn mower?

It is not rocket science.

It will take much more than a lawn mower to fix the pitch as some exaggerated commentators would have us believe.
The hue and cry and the condemnation about the state of the Asaba pitch was grossly over the top. A clear case of bad workmen quarrelling with his tools.
Got to a point one fellow wanted Nigeria to build a £1.2 B stadium.

#Barryseal

Congratulations to the dream team for this sweet victory. Asaba fans were delirious with joy as they enjoyed quality attacking footie.

Curiously, this was the same pitch the Super Eagles huffed and puffed, struggled to string accurate passes against lowly Seychelles. Was the pitch really upgraded in 48hrs as some would have us to believe?

Even if it was possible, do Nigeria have such technology to make this happen?
Well, your guess is as good as mine.


#Barryseal

TheGoodJoe:
The report said the NNPC presented a transaction document representing additional costs of $2.81 billion related to the review period, stressing the need to clarify whether such deduction should be made by the corporation as a first line charge before remitting the net proceeds of domestic crude to the federation account

---

Another from the article you posted.

Shows Emir Sanusi's complaint that NNPC were taking money from the Crude Oil Revenue and doing what they liked with the money.

A total mess.

I was expecting to see unremitted $20B like you claimed but instead you're fiddling with figures ranging from $2.8B - $3B... While Sanusi went bunkers with his initial $47B unremitted claims.

The PWC report factored in subsidy, petroleum profit tax, signature bonuses etall in their audit to clear the nnpc.

$20B cannot get lost between four government agencies like Nnpc, Npdc, CBN and the supervising ministry, the ministry of finance, except you believe in fairy tales. I want to believe you're not unlettered.


#Barryseal

TheGoodJoe:
PwC's audit report supports many of Sanusi's allegations. The auditors found that the total gross revenues generated from the federal government of Nigeria crude oil liftings was $69.34bn from January 2012 to July 2013.

The total cash remitted into the government's accounts in relation to crude oil lifting was $50.81bn, leaving $18.53bn unaccounted for.

The report raised serious questions about the level of transparency and corporate structure of the national oil company.

http://www.internationalaccountingbulletin.com/news/pwc-forensic-report-on-oil-revenues-unveils-nigerias-demons-4570423

You might want to read a more profound article about this event. Your link didn't give a full breakdown of the audit report.
You might want to take a look at something more detailed like this.

https://realnewsmagazine.net/oil-gas/pricewaterhousecoopers-audit-report-clears-nnpc/

#Barryseal

This is so true. Couldn't have said it any better. Poor people are the greediest people you can deal with. They are always out to con you if they think you're better placed than them.

I made a submission on this yesterday, that the recent revelation by Stephanie might affect little "Success" brand as willing donors could be cheesed off seeing her parents as greedy and ungrateful lot.

#Barryseal

darkelf:
Ifanybody exaggerated, it is OBJ who said 45billion dollars was missing. Besides, we have the national stadium Abuja which was a world class stadium in its heyday and just needs renovation and continual maintenance and trust me, the country's economy is up to the task except some thieving politicians would not allow such a project come to fruition.

Think my brother....think

Sanusi couldn't substantiate his claims. He kept bringing up conflicting figures, which ultimately lead to his suspension.
A full audit of the NNPC account would have given accurate numbers not Sanusi or Obasanjo's agenda drive drivel.

Building a stadium in Nigeria is a complete waste of government funds. The cost of maintance for the Abuja stadium is about #2b going by Julius berger's proposal, juxtapose that amount with the sports ministry's budget which was allocated #7.7b in the 2017 budget. Mind you, this is 2 ministries merged into 1, that is youth and sports ministry.
The stadium on its own cannot generate 1/10 of the cost of its maintenance. You now see why the Abuja stadium is a white elephant project?


#barryseal

darkelf:
I am not exaggerating bros

Think about the figure that has been stolen from our coffers by the former oil minister Diezani Allison. Not to talk about the others indicted.

And I am not talking about stadiums in each state, I am taking about the erection and maintenance of just one national stadium or even revamping the one in Abuja here that has become a constant eyesore now.

According to this Link, https://www.africa.com/top-10-world-class-football-stadiums-in-africa/, it cost an average of 400miion dollars to build a world class stadium, See also https://www.investopedia.com/financial-edge/1211/the-5-most-expensive-stadiums-in-the-world.aspx.

Now see a telegraph article on the amount stolen from our coffers by corrupt politicians since Abacha https://www.telegraph.co.uk/news/worldnews/africaandindianocean/nigeria/1492781/220bn-stolen-by-Nigerias-corrupt-rulers.html (over 220billion pounds). See also the wikipedia article that states that Sanusi lamido warned GEJ about failure to remit 20 billion dollars from excess crude sales;https://en.wikipedia.org/wiki/Corruption_in_Nigeria.

Also, see how they shared our money like it was their family heirloom
https://www.pulse.ng/news/local/pulse-list-11-corruption-cases-that-shocked-nigerians-in-2016/f6p8why

It's easy to post memes but mind you, I spoke with facts. Hope you get my drift now bro.

Bros, are you sure you know how a country's economy work? Do you know the entire 2019 budget of Nigeria is about $28B with oil benchmarked at $60 per barrel?
Sanusi grossly exaggerated when he made that claim of $20b missing. If indeed such amount disappeared from Nigeria's coffers, na village all of us for they now and Venezuela would have been heaven compared to Nigeria.

Back to the Spurs stadium, the loan they collected to build the new whiteheart lane would be repaid back over a period of 10-15yrs. Going by their annual income from the Premiership, TV rights and so on, it's a very serviceable loan.
For Nigeria to build such a stadium, we need to access foreign loan, which begs the question. Can a £1.2b stadium offset its debt in Nigeria? How much can the government generate from that kind of investment in a year to service such gagantuos loan? Think my brother, think...

#barryseal

darkelf:
We can but thieving politicians no go allow.

Our revenue from oil in certain states should cover cost and maintenance with significant change left for other things

Our politicians just lack will and vision

£1.2B is roughly the monthly Federal allocation of all Nigerian states put together.
Think about this for a second before the hyperbole.

#Barryseal

Bolowolowo:
Ladies and gentlemen, this is an example of a 21st century, modernized footballing stadium built by Tottenham. It just broke ground today. The fact that a nation abound with oil wealth cannot build anything near this caliber is beyond me.

This stadium cost about £1.2 billion. Nigeria as a country cannot afford such a white elephant project when no state in the country can afford to supply citizens with portable water.


#barryseal

midnighter:
Yes, it is possible that the family shooed her away when she asked them to "find her something". Quite probable, actually.

They dont have the right to talk of consent, i mentioned it because you said something about other countries and being able to go to court. But in other countries I dont think she would have had the guts to post a video of a minor (who is not even her own child!) being rusticated from school as if its a laughing matter

Yes, you are right. she should be given a cut, not minding what she may or may not have "meant" by her action. The action still led to a positive consequence that they are benefiting from. My problem is just the way she is going about it. She needs to be smart because people turn to animals where money is concerned

She is several scores more fortunate than these people, as greedy as they may be. And when its like that, our society has a way of castigating the more "fortunate" person. Even when a wealthy elder relative sends a "suffering" brother to do something, and he embezzles the money, they prefer to keep their mouth shut rather than complain, lest the rest of the family accuses him of oppressing the "small boy"

At the bolded, yes i have had some experience with that too. its quite surprising, actually

To be honest, the whole thing has this sordid and classless undertone to it even though something good came out of it

It's like you don't get the gist. The Stephanie lady is their next door neighbor. I don't think she's better than them if they are all neighbors in a face me, I face you.

Just like you said, something good came out of it for little Success and also for Stephanie because I understand a kind hearted individual just donated 500k to her.

I despise greedy people. Hopefully, little Success don't take after her parents. We have enough greedy people in Nigeria already.

#barryseal

midnighter:
Yeah youre right but the lady is making herself look like a witch. Even if you deserve something there are some smart ways to go about it

Not to start publicly lamenting about a 7 year old girl who couldnt pay her fees

Those "countries" do not have the same attitude and orientation to children as Nigeria. Besides, Im quite sure that in the first place, she did not get the consent of the little girl's parents before posting that video, showing publicly that they couldnt afford her fees and embarrassing the family for her own "blogging" glory.

Those countries also have robust data and child protection legislation. There are a lot of social aspects to this situation.

She's just showing her bad character everywhere and if anybody is close to her they should advise her to stop

I agree she could have settled in house with the girl's parents. However, I want to believe she has made some advances to the Success's family and was rebuffed that's why she gave out this interview.

Talking about concent, I don't think Success's family has the locus to cite a lack of concent as the reason she won't get something from the windfall,since they have directly benefited from the episode and don't have the intention to forfeit the monetary gains so as to protect their family..

Don't forget, Success could only be traced by her benefactors through Stephanie. She deserves a cut from the largesse if moral justice means anything to Success's family.
What I can pick from this story sheer greed and nothing else. Trust me, ghetto dwellers and poor people I have had a run in with, are usually the greediest people you can deal with.

#barryseal

On moral grounds, she deserves some form of compensation from the girl's parents. Whatever the intention was for shooting the interview and promoting it online is immaterial.
It tells alot of the character and greed of Success's parents if they refuse to grease her palms and to be honest, this kind of news is not good for the "Success" brand as some willing donors might see the girls parents as ungrateful bunch.

In some countries, this lady would have gone to court already.

#barryseal

andrew444:
Its just 1 bad game, nothing much

The guy can only get better

Keeper make mistakes, dude is still young

He has had a fair share of those bad games. Off the top of my head, I recall his blunders against Serbia, England, Libya(away), now this. If I prove further, I might unearth some more.
When will these errors become one too many?

#barryseal

Marjoribanks:
Guy if you are looking at statistics then how could we be worse than a team that we defeated (Iceland). If you are making your assumptions by statistics then I suppose you should commend the boys for even having 3 points from a group that they were statistically inferior asper FIFA rankings.

#chikena

Well going by statistics, we didn't defile the odds getting 3 points from Iceland,the smallest country ever to qualify for a world cup. A country who cannot play football all year round because of extreme weather conditions. Majority of their team were rank amateur players until recently.
It would have been news if Iceland got their first ever world cup win against Nigeria.

Yes, I admit they have earned some interesting result in the last few years but they still don't measure up with Nigeria who are African powerhouse.

#barryseal

Marjoribanks:
Guy if you are looking at statistics then how could we be worse than a team that we defeated (Iceland). If you are making your assumptions by statistics then I suppose you should commend the boys for even having 3 points from a group that they were statistically inferior asper FIFA rankings.

#chikena

Well going by statistics, we didn't defile the odds getting 3 points from Iceland,the smallest country ever to qualify for a world cup. A country who cannot play football all year round because of extreme weather conditions. Majority of their team were rank amateur players until recently.
It would have been news if Iceland got their first world cup win against the Super Eagles.

Yes, I admit they have earned some interesting result in the last few years but they still don't measure up with Nigeria who are African powerhouse.

#barryseal

Marjoribanks:
So against France the crises decided to disappear. They played their best game against us because a lot was at stake. They needed to win that match and they gave it their all yet they were almost humbled. Croatia got to the final and Argentina almost sent France out. This team deserves some credit please!
If you are not satisfied take to the field!

They deserve credit for just showing up in Russia? Can you sit through and re-watch any of the games the Super Eagles played in Russia with excitement?
This was a tournament Nigeria was rated the second worst team just behind Panama in xg statistics.

Please, don't give me the asinine advise to take to the field.
We don't have enough pitch in the country to contain every Super Eagles fan who disapproved of their display.

#barryseal

Kog45:
Boss,fact remains that Uzoho is very average and nothing more

There's something off about that guy. He doesn't look talented enough to me. That's my truth.


#barryseal

Marjoribanks:
we showed up against them. Mind you, the argies were the only team that scored 3 goals against the French team. They could have even equalised, if Higuain had not miss that golden opportunities.
We stood our ground against them. We matched them and even had the best chances in that encounter. Please stop ridiculing our team.

In football, one plus one is not always two. Against France, Argentina raised their game so as to compete.
Messi even got involved in managing the team at a point. Against Nigeria, they were virtually a team in crisis with just a single point from 2games, still they outplayed us without hitting gear 2.
Different scenarios here.


#barryseal

tbaba1234:
We actually played better in the first leg but the team had only one training session before that game.

I don't think this is a good excuse. This is not the first time Nigeria will be involved in U23 football qualifiers. We should have gone past this kind of excuses for failure.

The usual routine Siasia took in Beijing and Rio qualifiers was to assemble a team of homebased players. Drilled the guys over a month, then beef the team up with foreign based players and play the qualifiers.

We failed to use this template this time. Instead we played to gallery with questions about age of local players. Decamped almost all of them and threw qualification hopes on foreign players who rolled in durring the international break, with just a training session, hoping for a magic result because God is a Nigerian.

#barryseal

zoboizee:
Who are the big guns? Awaziem, Osimhen, Onyekuru or Ozornwafor? Nothing big about them abeg! Names don't win matches, teamwork does. A coach that fail to prepare should prepare to fail. Simple.

Compare those guys with the Libyans who are fighting a civil war in their country. I doubt they have a league in that country.
Mind you starting against Libya in their previous game was a front 3 of players from Liverpool, Club Brugge and Villarreal.

#barryseal

EEGA:
Awaziem,Ozornwafor,Osimhen and Onyekuru to join the U23's for tie against Libya-Owngoal.

This exposes the sorry level of our unpreparedness if we need to roll out the big guns to win against a war torn Libya U23 side.


#barryseal

Rockyrascal:
on another note Barry, we don't have an effective and efficient individual brilliance of a player that can/should always rescue the team at crucial moments. Every team always have that one player....can we boast of one?

The likes of Onyekuru and Iwobi should have been the creative hub of the team today. But Iwobi was totally off key while Onyekuru only had a decent 5mins spell after the moment he scored otherwise, he was painfully pedestrian.

I feel Rohr got his tactics wrong. He just wasn't witty enough to concede abit of possession and territory to Seychelles so as to draw them out. Which inevitably would have had Seychelles leave gaps behind where our attacking players would have had joy running into those vacant spaces.

Instead, Rohr made his team spend a lot of time tossing the ball around aimlessly in defence and midfield trying to open up their defence when they lacked the personnel to play that kind of football.

The result is the fucck ups you saw an hour ago.

#barryseal