₦airaland Forum

Desola:
. . .and their gain would be. , ??

You are aware that it wouldn't be like Nigeria, right? If the report is untrue, then Madueke could sue their behind and we are talking about millions of euros and discredit to the publishers.

Story! Story!

Go and read that article again. It says quite clearly that they are quoting "Nigerian media sources." They were either bribed or 419ed (bribed most likely, cos its a free newspaper).

All na desperado!

[quote author=ekt_bear link=topic=798849.msg9518466#msg9518466 date=1320886126]What is this damn m-0ron beaf talking about. Go to page 12 of the link provided and see for yourself.

Of what relevance is SR at this point, now that we have the original source of the article?[/quote]You are the fool.
The Huete boldly claims it is quoting Nigerian media sources. It is left for you to "destup!dify" yourself by reading the article before farting through your mouth as usual.

[size=14pt]Who are the Nigerian media sources that gave the story to the Huete? Sahara Reporters comes to mind![/size]

Desola:
beaf, you are an unadulterated evil!

you know well enough that these western journalists would have carried out their own research for credibility. Their reputation would be at stake if they just take any third party's information as gospel.

Esu buruku.

The Huete is one of those newspapers that are given out for free and wholly dependent on advertisers money, secondly the phucking "research for credibility" only involved quoting "unnamed Nigerian sources."

Desperation na feri bad tin!

https://www.esquire.com/cm/esquire/images/03-Bribe-Maitre-d-071610-lg-20802552.jpg

Desola:
Who cares about that r3tarded son of a gun? Nothing he does is of any significance. He is just a waste of space!

I thought that was you, my dear. A real waste of space with nothing to contribute. . . But I still love you sha.

BIGER BOY:
Beaf u shot urself on the foot by posting this thread.

Now answer this simple questions: since the news is on the official website of the paper and other countries dailies, do u belief it now? Will u then recant your attempt to White wash the minister?

I am not whitewashing anybody. The newspaper makes it very plane that it is quoting "unnamed Nigerian sources." Who are these desperate Nigerians that gave the story to Heute? Who are the desperate Nigerians that created the "news" story of the "Indonesian refinery?"

"News" from the junkyard.

[img]http://2.bp..com/_BSIqM2ecWis/TTv7HB7aMvI/AAAAAAAAASM/rK-NSQT9DvE/s1600/To+Bribe+or+Not+to+Bribe_Ideas8bottom.jpg[/img]

[size=14pt]Jonathan gets legal advice on SWF[/size]
By Yusuf Alli, Abuja

President Goodluck Jonathan

President Goodluck Jonathan has secured the green light for the controversial Sovereign Wealth Fund (SWF), despite the huge opposition from governors and other stakeholders.

After getting the all-clear legal advice from Attorney-General Mohammad Bello Adoke, Dr Goodluck Jonathan will soon meet governors on the grey areas in the SWF.

The legal advice may be tabled before the National Economic Council, which is being chaired by Vice-President Namadi Sambo, with the 36 governors as members.

But there will be no refund of the $1billion seed capital already deducted from the share of the 36 states in the Federation Account.
Besides, the Federal Government may continue further deductions of the states’ cash from the Federation Account into the SWF.

The legal advice from Attorney-General of the Federation Mr. Mohammed Bello Adoke (SAN) has foreclosed any plan to either dump or make the controversial Fund optional.

It was, however, learnt that the Presidency is trying to woo all the governors, especially those from opposition parties, such as Action Congress of Nigeria (ACN), Labour Party (LP), All Progressive Grand Alliance (APGA) and Congress for Progressive Change (CPC) to buy into the SWF.

A top government source said: “The President has got legal advice that his actions and steps on SWF are constitutional and justifiable under any law.  By implication, the Federal Government will not go back on the maintenance of the SWF.

“The option left for any state or any aggrieved party is to go to court to test the constitutionality of the SWF.
“But the President is trying to stave off recourse to legal matter. He believes he could sit down with the governors to resolve grey areas.
“The President is of the opinion that issues arising from the SWF could be managed through peaceful talks, irrespective of the legal advice.
“I think so far, only governors from the opposition parties are strongly against the SWF.

According to a copy of the legal advice obtained by our correspondent, the SWF “may be regarded as promoting a system of deferred distribution of a portion of the Federation Account, which may not necessarily be in conflict with Section 162 of the Constitution”.

The advice reads: “The primary source of the National Assembly’s legislative authority is Section 4(2) of the 1999 Constitution, which empowers it to make laws for the ‘peace, order and good government of the Federation or any part thereof with respect to any matter included in the Exclusive Legislative List.”

Although the establishment of the Fund is not an item specifically listed on the Exclusive Legislative List as to bring it within the legislative competence of the National Assembly, recourse may be to the provisions of Section 16 of the Constitution, which sets out the “Economic objectives” of the Nigerian state as follows:
“In the light of the objectives of the Sovereign Wealth Fund as outlined in Section 3 of the NSIA Act, it can be posited that the said objectives of the Fund are reasonably within the economic objectives of the state.

On the controversial $1billion seed capital deducted from the states’ share of the Federation Account, the legal advice ruled out any refund.
It said: “There are two sources of funding under the Act, namely, the initial seed-money in the sum of US1billion under Section 29 of the Act and subsequent funds from the Federation Account as provided under Section 30 of the Act.

Section 29 of the Act provides that the initial funding of the NSIA shall be the Naira equivalent of $1billion, which is already earmarked pursuant to the decision of the National Economic Council authorising the setting up of the Fund.

“This amount is deemed to have been contributed by the three tiers of government in the proportion of their revenue sharing under the Allocation of Revenue (Federation Account, etc) Act. This is encapsulated in provisions of Section 29(1) of the NSIA Act.”
The Attorney-General of the Federation advised the government to go ahead with the SWF.

He said: “In the light of the legal principles highlighted above, Your Excellency is kindly invited to note that:
•the National Assembly is empowered by Section 4 of the Constitution to legislate on matters on the Exclusive Legislative List and the Concurrent Legislative List;
•while the issue of the establishment of a Sovereign Wealth Fund is not specifically listed on the Exclusive Legislative List or on the Concurrent Legislative List, the objectives of the NSIA Act may be reasonably regarded as coming within the confines of the Economic Objectives of the State as outlined in Section 16 of the Constitution;
•item 60(a) of the Exclusive Legislative List empowers the National Assembly to establish authorities for the Federation or any part thereof for the purpose of enforcing the observance of the Fundamental Objectives and Directive Principles of State Policy; and
•the Supreme Court had in the past validated an Act of the National Assembly made to actualise the aforesaid Fundamental Objectives and Directive Principles of State Policy;
•the action of the National Assembly in enacting the NSIA Act can therefore be rationalised as being within its legislative competence.
The advice went on: •the major objection of the Governors to the funding arrangement for the NSIA is that it is in conflict with Section 162 of the Constitution, which directs that proceeds in the Federation Account should be distributed to the three tiers of government;
•the funding of the National Sovereign Investment Authority through receipts from the Federation Account as provided in Section 30 of the Act can be rationalised on the basis of the rider to Section 162(3) of the Constitution, which empowers the National Assembly to prescribe terms and manner to guide the distribution of the proceeds of the Federation Account;
•since the NSIA Act does not seek to permanently deny any of the Federation units of its share of the Federation Account, it may be regarded as promoting a system of deferred distribution of a portion of the Federation Account, which may not necessarily be in conflict with Section 162 of the Constitution; and
•that the present funding arrangement in the NSIA Act can be regarded as complementary to Section 162(3) of the Constitution and not necessarily inconsistent with that provision.

http://www.thenationonlineng.net/2011/index.php/news/25867-jonathan-gets-legal-advice-on-swf.html

This policy will greatly help to lessen corruption. I wonder what the state governors will have to say about extending the practice to their domains?

[size=14pt]Fed Govt ties contract payment to performance[/size]
By Vincent Ikuomola, Abuja1 hour ago

The era of consultants getting full payment for projects before completion is gone for good, the Federal Government said yesterday.
Henceforth, payments would be tied to performance, government added, even as it announced the establishment of a team to work on a template that will reduce contract cost.

These were some of the decisions reached at the weekly Federal Executive Council (FEC) presided over by President Goodluck Jonathan yesterday.

Briefing reporters at the end of the meeting, Minister of Information Labaran Maku, said the issue of uncompleted projects has become a source of concern to the president who had directed that  no contract will come to the council without an agreed and verifiable transition plan, to ensure all projects are awarded and completed smoothly and on time.

He said: “Another issue was that of uncompleted projects that has continued to be a source of concern to Mr. President and all Nigerians. “He directed that for the period he is in power, he will want to see all the projects initiated and awarded by his administration are completed on schedule, within the period of his administration.

“He directed the coordinating minister of the economy as well as the Bureau of Public Procurement (BPP), Minister of Finance, to ensure that no contract will come to council without an agreed and verifiable transition plan, to ensure all projects are awarded and completed smoothly and on time.

“The consequence of uncompleted projects is that money is tied down and Nigerians are not benefiting from the services that those projects are suppose to offer. In addition to that, contractors keep coming up with augmentation plans, once execution time plan for a project is exceeded.

“So, this matter has become a very serious problem not just to the Federal Government but nationwide, but Mr. President believes one of the quick ways of tackling it is to ensure that onward we can make a remedy.
“So, all contracts every minister is bringing must be proved and backed up with a financial plan that will be smooth and timely exist from those projects.

“It was agreed that there is no need starting something that will not be completed and Nigerians will not benefit.

“As you do know part of the strategy of this budget is to complete existing project  awarded by previous administrations, that unless we carry this project to completion, the huge investments in them running to trillions of naira will be wasted,” the minister said.

On contract cost, Maku said the President is also worried that various measures put in place have not been able to stem the tide as contract cost soars against normal norms.

Government, he said has still not been able to arrive at what could consider to be universally appropriate valuation of projects in the public sector in Nigeria.

http://www.thenationonlineng.net/2011/index.php/news/25865-fed-govt-ties-contract-payment-to-performance.html

ranlaen:
so we assume you don spent that $10 on garri
go sit down or learn to surf the net and get the info directly from their website .

Sharrrrrrrrrrrrrrrrrrrrrrrrap dia! Mumuric acid!

https://a1.ec-images.myspacecdn.com/images02/128/1337842a54074c2a9a670891e9857f42/l.jpg

www.nairaland.com/attachments/180447_ROTFLMAO_gif3d0c775232c7f27cf80592785b9635b6

LolZZZZZZZZZZZZ!!!!

So there are people that defend photoshopped news in this day and age?

www.nairaland.com/attachments/324341_SaharaReportersFakePicture_jpg69a0b6e4ad1c8831fa731bd73bb022d2

[size=21pt]What about the "refinery in Indonesia?" Desperation go make monkey go jump o!!!![/size]

All hail Sahara Reporters!

www.nairaland.com/attachments/180447_ROTFLMAO_gif3d0c775232c7f27cf80592785b9635b6

Look at this fuckry of a photoshop job!

www.nairaland.com/attachments/567229_The_original_text_by_Heute_newspaper_2_jpg77fc6b78887394cf533df97240c7a1cc

Dem go take desperation wound small pikin wit laf o!
www.nairaland.com/attachments/180447_ROTFLMAO_gif3d0c775232c7f27cf80592785b9635b6

ranlaen:
its on the newspaper offical website DUMBASS.so why would anyone bother to photoshop if the offical newpaper website is carrying the exact same story.

Yeah, same story, but quoting unnamed Nigerians sources. Abeg, go and deceive fools.
The woman has blocked a lot of loopholes and is determinedly pursuing the PIB, so corrupt Nigerians who feel cut off are fighting back.

Why the need to forge and photoshop? Na wa for desperation!

[size=14pt]Sahara Reporters is a corrupt news agency best known for fake news.[/size]

Sahara Reporters is always forging news.
One just has to ask why. There are repeated occurences of the "phenomenon," from fake news stories about refineries in Indonesia to foolishly photoshopped images they want to pass us as damaging news.
For what purpose would a news agency deliberately go out on a limb to lie? Brown envelops, threats. . .Why?

Look at the poorly photoshoped crap they published, they even put the headline to overlap the logo! Thats desperation for you! :
http://saharareporters.com/article/exposed-oil-minister-allison-madueke-buys-20-million-euro-mansion-vienna-austria-efcc-take-n

www.nairaland.com/attachments/567229_The_original_text_by_Heute_newspaper_2_jpg77fc6b78887394cf533df97240c7a1cc

Sahara Reporters is best known for fake news these days.

[size=14pt]The fake pic below too is courtesy Sahara Reporters[/size]. Shame.
http://saharareporters.com/photo/photonews-jonathans-declaration-when-jonathan-women-met-goodluck-men

www.nairaland.com/attachments/324341_SaharaReportersFakePicture_jpg69a0b6e4ad1c8831fa731bd73bb022d2

Sahara Reporters is always forging news.

Look at the poorly photoshoped crap they published, they even put the headline to overlap the logo! Na wa! :

www.nairaland.com/attachments/567229_The_original_text_by_Heute_newspaper_2_jpg77fc6b78887394cf533df97240c7a1cc

It reminds me of this other fake news item. . .
Sahara Reporters is best known for fake news these days.

[size=14pt]The fake pic below too is courtesy Sahara Reporters[/size]. Shame.
http://saharareporters.com/photo/photonews-jonathans-declaration-when-jonathan-women-met-goodluck-men

www.nairaland.com/attachments/324341_SaharaReportersFakePicture_jpg69a0b6e4ad1c8831fa731bd73bb022d2

[size=33pt]Sahara Reporters for fake news, I de hail o!!!!!!!!!!!!!
Mek una helep us beg dem o!
Sahara Reporters is a corrupt news agency.[/size]

[quote author=aloy@emeka link=topic=799802.msg9518009#msg9518009 date=1320878587]What did Diezani do to ACN?[/quote]Tinubu is in the oil business. The woman is plugging corruption loopholes. . . Guess the rest.

Lol!
Rhino.5dm, the boko haram loving aboki that claims to be Yoruba is here making a fool of himself talking crap with abandon as usual.

The farther up North you go, the better the quality of the roads, from side walks and pavements to fittings, bustops and street lights and its all with oil money. Nobody really uses half of those roads, on some you can count a maximum of 5 or 10 cars in an hour.
If just a tenth of that money was spent on education, there would be no boko haram today.

^
You people and your silly posts!
The boy said never claimed he wanted to protest against corruption, did he?

Rather, his goal was to go on hunger strike against the govt for no clear-cut reason, best for him to carry out such a strike with the kind permission of the SSS.

He will be released quite quickly I'm sure, but I hope he would have learnt that you do not force yourself against the peoples mandate. Boko haram is more than enough distraction; no one needs fools adding themselves to that equation.

^
Are you Rhino?
Where is photoshopped image of the newspaper thats being circulated and who are the Nigerian sources quotes as providing the news? You people are afraid of the battle against corruption and are fighting it with low IQ'd forgeries.

Dude, little can be expected of you when discussing corruption, afterall you organised the million man march for Abacha. You are the very example of scum Nigeria must eradicate.
The call against corruption is certainly for your Abacha promoting kind.

Kx:
In other words, the status quo should remain unchallenged abi?

Don't mind the clowns. They spend 24 hours crying and wailing about corruption, but when a crusade calls on them to sensitise and energise their streets and neighbours, it suddenly becomes, "I won't do that because the call came from Beaf who is in the opposite political camp." It is quite clear that they are only crying crocodile tears and are scared that they themselves would be the targets if the streets arise.

Let them cry their crocodile tears elsewhere, we can see their true colours.

[size=14pt]Rise against corruption. It is a duty we owe our unborn generations.[/size]

People just want to be used as tools. Hunger strike my foot.

Lets just ensure that the demographics of the nascent counterforce are targetted against religious extremism. Boko haram can't fight boko haram as we've seen with the skewed allegiences of our current military formations.

maclatunji:
@Beaf, delectable ko electable ni

Don't let me send your teeth right through your neck with blows that thud like the bombs from an Apache helicopter, and fancy footwork like Mohammed Ali's.
Let this be the last time you argue about Nayah's drop dead gorgeousness, cos I'm gonna knock your lights out.

https://www.firstdefense.com/html/apache3.jpg

Nayah:
Hey Beaf how are you? don't worry you do know me now, I won't stop as I told you before and as long as I'm correct without insults I don't knwo why I should quit from this section, and I'm waiting answers to questions

Which President in Nigeria has never experienced Insecurity in his land?

I'm good, how are you keeping? You are looking really lovely as always and making my poor heart run riot.
Yes, don't get worried about the uncivilised tactics many here employ. It is just a display of the wider primitive tactics of certain regions political elite that at best, shows why boko haram exists to inflict terror on the masses who voted against them.

Keep doing what you are doing, there is no greater duty than speaking for the rights of the common man whose dreams and deepest yearnings are demonstrated through their choice at the democratic ballot.

The moment we allow bullies, tyrants and criminals take over our democracy will be the moment of our failure. And we will never fail.
Freedom and equity are precious gifts that must never be sold for a mere puff of wind.

Another thread started out of the incredible degree of foolishness and irresponsibility that has overtaken NL.
OP, I am sure you are "rejoicing" at the turn your thread has taken. I can't understand why people wake up and post the first id!otitic thought that comes to mind.

Nayah, do not let any of these societal misfits bully you. It is a free World and your thoughts are valued.

^
If you from a zone that provides nothing but almajiri's and 10 year old brides after messing up the country for 51 years think you should rule us in perpetuity, then you better think again.

Look how they even attempted their bullying tactics on Nayah. Bloody pack of uncivilised baboons.

--winks at the delictable Nayah--

@topic
I can see that Gbawe and his flock of innefective winshes are flying their id!otically anti-democratic losers flag again. Whether you like it or not GEJ is our President; if any of you is having any dreams of going against him unconstitutionally, be ready to reap a whirlwind; we aren't people who talk too much.

It is weird to witness educated folk reaching into their most primevial modes for primitive stuff like zoning. In what millenium would a minority ever have ruled this country through zoning? Before Jonathan, Nigeria had been neatly divided between the core-North and the SW, with the SE/SS playing the servant roles. Who is a fool and who is a slave in their own land? Especially when that land provides 100% of the sustanance of the nation. Gbawe, if you can't stick a man from a minority group leading you, then reject the money from minority lands that feed you. Without the minorities, Nigeria would go hungrier than Somalia within a week.

Phucking ethnically bigotted parasite.

egift:
If only Boko Haram people can say "Don't dare remove Subsidy".

And "Pay up Minimum wage and all arrears to civil servants before the end of December"

And that will clean up their murderous slate for you? Will that bring back the innocent lives lost?
You are as good as a phucking murderer.

[quote author=ekt_bear link=topic=798719.msg9510515#msg9510515 date=1320805848]40 billion barrels+ in reserves, roughly 2-3 million bpd of production. You do the math, see whether "soon" is accurate. . .

Regarding profitability of gas, again, you do the math. Or read up on the economist or another business website. . .[/quote]Forget about your "math." Location, needs and current planning far outweigh any of that.

[quote author=Rhino.5dm link=topic=797397.msg9510303#msg9510303 date=1320802243]Thank God. So many peeps in here, are getting to understand the tactics of this double-faced jackal.
The bastarrd is defending that old witch called petroluem minister and her 20 million euro mansion on the other thread. You wonder how far this demon will go justifying evil.[/quote]I challenge you to provide either a link to that story or the newspaper image that is being circulated. Lol!
Lets know what you really stand for.

If you can't do either, then you are a fool who is also a corrupt forger.

[size=14pt]Stand up to forgers and 419's.
Stand up against corruption.[/size]

[quote author=ekt_bear link=topic=798719.msg9510447#msg9510447 date=1320804626]*shrug*

Abeg, let us hear this gas story once you are actually making money from it. This thread is not for tales by moonlight.

Anyway, gas isn't that as profitable as oil. And I don't remember the reserves being that huge.

SE doesn't produce much oil. Looks like most of Nigeria's oil production is from Rivers, Akwa Ibom, Delta, Bayelsa. None of which are in the SE. . .[/quote]Gas will be far profitable than oil in the 9ja scenario. Oil will soon dry up anyway.

jason123:
FROM AN UHROBO WEBSITE

Beaf, these maps are from your people's websites.

Lol! You vex o!