₦airaland Forum

Nigerians always as foolish.
Reason we kill them here in Yemen.
Sometimes we barbecue them like chicken and feed to the Hounds.

RIP to the dead.
I can see Nigeria goin on extinct soon.

is that Muazu or a Toad?

looks like waste of battery and data.

Throughout all this, Nigerians paid 120-140 naira a litre of kerosene, far more than the supposed subsidised price of 50 naira. Yet the state oil company withheld $3.4bn to pay for a subsidy that in effect did not exist. I have consistently held that this was a scam that violated the constitution and siphoned off money from the treasury. The second major item raised in the report relates to the transfer of oil assets belonging to the federation to the Nigerian Petroleum Development Company, a subsidiary of the NNPC. NPDC has paid $100m for these assets, from which it extracted crude valued at $6.8bn but paid tax and royalties worth $1.7bn in the period scrutinised by the auditors. PwC was unable to establish how much of the remaining $5.1bn should have been remitted to the government. But the report showed that, along with the private
companies NPDC partnered with, it was extracting crude worth billions of dollars but yielding very little revenue for the treasury. I was investigating related transactions when I was suspended. The third major item is a claim of $2.8bn by NNPC for expenses not directly attributable to crude oil operations; PwC said “clarity is required” on whether such upfront deductions from remittances to the federation accounts are allowed, or whether the money should have been remitted to the government. Finally, there are duplicated expenses,
“unsubstantiated” costs, computation “errors” and tax shortfalls; a total of $1.48bn has to be
refunded.
Of the $18.5bn in revenues that the state oil
company did not send to the government, about $ 12.5bn appears by my calculations to have been diverted. And this relates only to a random 19-month period, not the five-year term of Mr Jonathan, the outgoing president. Nigerians did not vote for an amnesty for anyone.
The lines of investigation suggested by this audit need to be pursued. Any officials found responsible for involvement in this apparent breach of trust must be charged. Written by Emir of Kano and a former governor of the Central Bank of Nigeria.

http://www.nigerianmonitor.com/2015/05/14/sanusi-speaks-on-what-led-to-his-suspension-by-president-jonathan/

Ex Central Bank of Nigeria head, now Emir
Muhammed Sanusi Lamido, initially blew open the corruption saga that rocked Nigerian National Petroleum Corporation NNPC, which led to his suspension by president Jonathan. After a long battle on this issue and right after president GEJ lost the election, he ordered NNPC to release all necessary documents to auditing company PWC. The report of PWC reveals that Sanusi was right afterall. Indeed, between $18.5bn – $20bn is missing. Sanusi
shared his thought in a piece as seen below.



“Unanswered Questions On Missing Oil Revenue Billions” – Published by Financial Times May 13. 2015

Just over a year ago President Goodluck Jonathan suspended me from my position as governor of the Central Bank of Nigeria after I questioned an estimated $20bn shortfall in oil revenues due to the
treasury from the state oil company. As I said then, you can suspend a man, but you cannot suspend the truth. The publication last month of a PwC audit into the “missing billions” brings us a step closer to it. When I was central bank governor I raised three broad questions. First, did the Nigerian National Petroleum Corporation remit to the government the entire proceeds of its crude oil sales? Second, if it did not, is there proof of the purpose to which the
unremitted amounts were applied? And third, did NNPC have the legal authority to withhold these funds? Contrary to the claims of petroleum minister Diezani Alison-Madueke, the audit report does not exonerate the NNPC. It establishes that the gap between the company’s oil revenues between January 2012 and July 2013 and cash remitted to the government for the same period was $18.5bn. And it goes into detail about the NNPC’s account of how it used that money, which raises serious questions about the legality of the state oil company’s conduct. The auditors say a significant part of the unremitted funds is supposed to have gone towards a kerosene subsidy that had been stopped two and a half years earlier by the late President Umaru Yar’Adua. His decree never appeared in the official gazette, leading some to question whether it ever had legal force. Evidence disclosed in the report suggests this is a
sideshow. The executive secretary of the agency charged with administering subsidies confirmed that, acting on Yar’Adua’s orders, it had ceased granting subsidies on kerosene. There was no appropriation for such a subsidy in the 2012 or 2013 budgets.

Prime Minister Of Japan, Shinzo Abe, has sent a
special message to Nigeria’s President-elect,
Muhammadu Buhari, assuring him of his country’s strong support towards the Nigerian government under his leadership. In the message personally signed by Abe, and
delivered to Buhari by the Embassy officials in
Abuja, the Prime Minister described Buhari’s success at the just concluded election as not only his own but that of other nationals. Abe assured Buhari that Japan would work closely with him to elevate the level of the two nation’s bilateral relations to a new height. The Prime Minister noted that as a leading country in Africa, Nigeria’s stability and development under Buhari would certainly contribute to peace and stability in the whole of Africa. He expressed readiness to work with Buhari and Nigeria to make the first Tokyo International Conference on Africa, TICAD, slated for Africa next year, to be successful.


“On behalf of the Government and people of Japan, I would like to extend our heartfelt congratulations to Your Excellency for being elected as the next president of the Federal Republic of Nigeria. “The conduct of peaceful transition of the power is testament of how democracy is rooted in your country. This is not only your victory but also your nationals,” the prime minister added. TICAD has been an evolving element in Japan’s long-term commitment to fostering peace and stability in Africa through collaborative partnerships. Japan has stressed the importance of “Africa’s ownership” of its development as well as of the “partnership” between Africa and the international community. The exchange of views amongst the conference delegates serves to underscore the case for more, not less assistance from the major world economies.

http://www.nigerianmonitor.com/2015/05/14/japan-prime-minister-sends-buhari-a-special-message-read/

good news.

I think Stella Obasanjo remains the only First lady Nigeria has ever had until 2019 decides.

more shots

The trek fever is spreading! Oladele John Nihi first started the trek from Abuja to Otuoke to honour President GEJ alone. He was later joined by a lady, Gloria. But now, they are three! Another lady named Ifey Chukuneku has announced her decision to join the trek solely because she strongly wants to honour GEJ. Meanwhile, Oladele is sick, down with chest pain & cough and will have to pause the trek for a medica checkup on Saturday.

Tweets continue below.

Glory to God

so they can't protest the killings in their states.
And they are happily trekkin.

Islamic psychos.
RIP to the dead.

am sure He's a PDP Governor because only saints are found in APC.

Sexychristeen:
I have set my alarm clock for 9:30am. Lol not missing this! Bt na wa oh 10mins job opening... hmm

you create thread,you go first comment.
Haba now, you'll make a very greedy politician.

wonder why some people worry themselves about police stations.
.
A crime free man shouldnt disturb himself about d state of a station.
Btw,southwestern agboros be getting HBP as this is future home to many

what is Denrele?

Errand Boys be afraid of white Men since 1700
but how is He goin to represent the president when sent to the white Man land?

this is serious.
such things don't happen here in Yemen. Reason we kill Nigerians on sight.

Chinedu Ikedieze, known popularly as Aki received a plea for mentorship messages from a fan who wants to be an actor, and his advice to the fan was pretty straightforward. Was he a lil bit harsh?
See the convo after the cut:

as in like Jay Z should use them to wipe his backside or what?

I don't see how they fit in

kennygee:
Are you really serious?

u d answer am? Work of Marijuana.

#BabaOneChance is a magician.
Sure He'll rebuild it in 25minutes

okay...

at least He tried but didn't finish.
How bout those who don't try at all?

tit, you need my sperm to cure you of that mental disorder. Nd b quick bfore it escalates

ok

ok

porthacourt is not as beautiful as my Lafia

ifydadiva:
I ain't got no business with blogging!

oya run comot.