₦airaland Forum

anonimi:
Is it still 1984



www.nairaland.com/attachments/3515036_image_jpeg9f360c5ab7736510df54c882e9dbf188

anonimi:
He must be enriching his medical doctor seriously.

TippyTop:
Adamu is also owing LG workers about 8months salaries.

Monalisa185:
Awwwwww, so sweet of you

Thanks for this, you the man!

Monalisa185:
Doing just fine, following your footsteps

I mentioned you one time like that, during miss NL contest to vote for someone, dunno if you later did, buh that one has passed

You can lend me 5 seconds of your time on Monday, right?

Monalisa185:
Lol..good thing I caught you o ... Howdy?

Monalisa185:
Beebee0oh

[size=15pt]I later forced her and succeeded in having sex with her[/size]

Governor Yahaya Bello of Kogi State has come under severe attack from various interest groups for what they considered frivolous use of over N20 billion bailout funds to buy cars as gifts.

The governor recently spent almost N2 billion, according to various groups, to procure vehicles for himself and his bourgeoning political appointees.

The state’s internally generated revenue (IGR) has recently plummeted from N6 billion to less than N2 billion while its debt profile put at over N6 billion has increased to over N10 billion in a short time, Bello’s critics allege.

According to the Audu-Faleke Political Organisation, the latest expenditure by the governor was not only insensitive but frivolous.

The group in a statement signed by Duro Meseko, its Director of Media and Publicity, and obtained by our correspondent, said repeated appeals from various groups failed to convince Bello to stop the car purchase.

“We find it hard to believe that despite repeated admonitions by well meaning groups and individuals, the Yahaya Bello administration still went ahead on an unimaginable flight of fancy by purchasing expensive vehicles for use by some aides of the governor and the governor himself,” the group said.

The group, in explaining how Bello spent the money said, “Credible information reaching us indicates that Ford SUVs (jeeps) worth N18 million each and Ford Ranger Trucks (pickup van) worth N6 million each were purchased for the 21 local government caretaker chairmen in the state, totaling N504 million.

“This is in addition to the 70 Ford Ranger Trucks purportedly purchased for the police totaling N420 million and, of course, different from the N135 million bullet- proof Range Rover ordered for the governor and being shipped home presently,” the organisation further explained.

According to the group, “We are really sad with the way our commonwealth in Kogi is being managed under the leadership of Yahaya Bello. Even the president of the country, Muhammadu Buhari, has not changed his official car since he assumed office. What happened to the official vehicles in these local governments?” asked the group.


The group which claimed to have obtained information that the government bought a BMW and G-Wagon Mercedes Benz as official vehicles for the chief of staff to the governor, serviced and maintained by Coscharis Motors, Abuja, added that “the socio-economic plight of Kogi people is frightening, with unpaid salaries up to the roof while basic amenities have become a mirage. Should the government not have been more prudent in the allocation of the state’s scarce resources instead of recklessly wasting it? The time has come for all men of conscience and goodwill to call Alhaji Yahaya Bello to order,” the group added.

Another group, which called itself Kogi Renaissance, said it is reprehensible in the least at this era of belt tightening for a governor who has failed to pay workers and is downsizing to embark on such costly and self-serving project.

Speaking with our correspondent on phone in Abuja, the group’s spokesman, Mr Ahmed Isa, denounced the governor’s action, saying he is erecting clear recipes for anarchy in the state.

Citing the recent committee set up by the state’s chapter of the ruling All Progressives Congress (APC), Isa said, “The governor’s poor showing was what led to the party to set up an investigative team so as to enable him retrace his step. Unfortunately, he has continued in that same path of retrogression.

“As we speak, the state’s IGR is dropping drastically. Insecurity is at alarming rate while businesses are shutting down operations. The state government is downsizing workers even as he is heaping debt on the state. The man is a bundle of confusion and lacks foresight to be a governor.

“He is causing confusion in the state Assembly leaving his main role. Despite repeated calls for him to channel the bailout funds he got from the Federal Government to pay salaries and embark on useful project he is busy buying G-Wagon and other exotic cars.

“One thing is that if he continues like this, he would be voted out during his second term bid,” Isa warned.

Lalasticlala, Mynd44

After ten months under the stewardship of Dr. Ibe Kachikwu as the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), the state-run oil firm finally turned the corner, reporting an operating profit of N273.74 million for the month of May and reversing the losses of N35 billion made by NNPC over the last 15 years.



A copy of NNPC’s monthly financial and operations management report obtained exclusively by THISDAY yesterday showed that the corporation’s N273.74 million operating profit in May 2016 as against its operating loss of N19.43 billion in April was attributed to improved cost efficiency at the corporate headquarters of NNPC and performance by the Petroleum Products Marketing Company (PPMC).

The monthly report stated: “PPMC recorded a net gain of N17.69 billion as against the net loss of N6.91 billion in April, 2016 following complete stoppage of commercially unfavourable swaps and offshore processing agreements (OPAs).

“Direct-Sale and Direct-Purchase has now replaced the previous regime. Notwithstanding these improvements, renewed and vigorous vandalism of pipelines in Niger Delta means that productions were shut-in and cargoes deferred, which denied revenues streams accruing to NPDC and the federation.”

The report showed that the group’s operating revenue for the months of April and May 2016 were N95.51 billion and N142.53 billion respectively, representing 30.36% and 45.32% respectively of the monthly budget.

Similarly, operating expenditure for the same periods were N121.86 billion and N142.26 billion respectively, which also represents 45.62% and 52.63% of the budget for the months respectively.

Operating deficits of N19.43 billion and a margin of N0.27 billion were recorded for the months of April and May 2016 respectively as against the monthly budgeted surplus of N44.23 billion.

The report said the deficit “was inverted in the month of May 2016 due to significant increase in revenue generation which could be attributed to the rise in petroleum product sales by 51.13%”.

However, NPDC’s substantial portion of crude sales for the month amounting to about N20 billion could not be realised due to crude pipeline vandalism.

The report also highlighted the corporation’s activities for twelve months period of June 2015 – May 2016 to allow for trend recognition.

In the area of crude oil and condensate production, the report showed that a total of 59.56 million barrels of crude oil and condensate was produced in the month of April 2016, representing average daily production of 1.99 million barrels and a decrease of 1.72% compared to March 2016 performance.

“Of the April 2016 production, Joint Ventures (JVs) and Production Sharing Contracts (PSC) contributed about 33.82% and 46.77% respectively. While AF (Alternative Funding or Financing), NPDC and independent oil firms accounted for 13.81%, 1.73% and 3.87% respectively,” the report stated.

On NNPC’s exploration and production subsidiary, NPDC, the report showed that NPDC’s PTD (period-to-date – May 2015 to April 2016) cumulative production from all fields amounted to 33,028,954 barrels of crude oil which translated to an average daily production of 90,243 barrels.

“Comparing NPDC’s performance to national production, the company’s production share amounted to 4.31%. NPDC production is expected to hit production levels of 250,000bp/d after the completion of the on-going NPDC re-kitting project and repairs of vandalised facilities.

“Production from NPDC wholly operated assets amounted to 10,216,198 barrels (or 30.93% of the total production) with Okono Okpoho (OML 119) alone producing more than 82.66% of the NPDC wholly owned operated assets or 25.57% of the total NPDC total production.

“Also on the NPDC operated JV assets, in which NPDC owns 55% controlling interest, crude oil production amounted to 13,296,309 (or 40.26% of the NPDC total production). On the JV assets not operated by NPDC, production level stood at 9,516,447 barrels or 28.81% of the company’s production,” the report revealed.

In the area of national gas production, NNPC in the report stated that a total of 223.63 billion standard cubic feet (bcf) of natural gas was produced in the month of May 2016 translating to an average daily production of 7.21billion standard cubic feet per day (bscfd).

For the period June 2015 to May 2016, a total of 2,836.01bcf of gas was produced, representing an average daily production of 7,749.70 mmscfd during the period.

Production from Joint Ventures (JVs), Production Sharing Contracts (PSC) and NPDC contributed about 69.97%, 21.71% and 8.32% respectively to the total national gas production, the report showed.

On NNPC’s refinery operations, the report said that total crude processed by the three refineries – Kaduna, Port Harcourt and Warri – for the month of May 2016 was 301,604MT (2,211,361 bbls), which translated to a combined yield efficiency of 83.47% compared to crude processed in April 2016 of 351,698MT (2,578,650 bbls) with combined yield efficiency of 89.70%.

“For the month of May 2016, the three refineries produced 242,053MT of finished petroleum products out of 301,604MT of crude processed at a combined capacity utilisation of 16.03% compared to 19.32% combined capacity utilisation achieved in the month of April 2016.

“The adverse performance was due to crude pipeline vandalism in the Niger Delta region coupled with on-going refineries revamp; however the three refineries continue to operate at minimal capacity,” the report stated.

In other developments in the oil industry, Anglo-Dutch oil giant, Shell, also lifted the force majeure on exports of its Bonny Light crude grade, signposting a recovery of Nigeria’s oil and gas production after militant attacks reduced it to a 20-year low

SPDC declared the force majeure on May 10, following a leak that led to the closure of the Nembe Creek Trunk Line (NCTL) by Aiteo Eastern E & P Company Limited.

The Aiteo-operated NCTL and the Trans Niger Pipeline (TNP) are the two main pipelines in the Eastern Niger Delta that transport crude oil produced by Shell, Aiteo and third parties in the eastern operations to the Bonny export terminal in Rivers State.

The resumption of Bonny Light exports came just as the Niger Delta Avengers, the militant group that has claimed responsibility for recent attacks on oil and gas installations, continued its unrelenting destruction of industry facilities in the oil-rich region, when it blasted three more manifolds operated by US oil giant, Chevron, in Delta State on Wednesday night.

Shell said in a statement yesterday that the force majeure had been lifted following the restoration of production to the Bonny export terminal.

According to the statement, the force majeure was lifted from 09:00 a.m. Nigerian time (0800 GMT) on Thursday (yesterday).

Despite the gradual recovery of Nigeria’s oil production, two other Nigerian crude grades – Forcados and Brass River – remain shut-in.

Eni, the Italian parent of Nigerian Agip Oil Company (NAOC) on May 22, 2016 declared force majeure on oil exports from the Brass Oil export terminal off Bayelsa shoreline, following militant attacks on the Ogbaimbiri-Tebidaba pipeline.

Shell on February 21, 2016 declared force majeure on Forcados liftings after the disruption in production caused by a spill on the 48-inch Forcados terminal subsea export pipeline, which was bombed by the Avengers.

The force majeure effectively shut-in 300,000 barrels per day from Shell and third party companies in the Western Niger Delta that rely on the Forcados pipeline for shipment of crude to the Forcados export terminal.

Despite these production shortages, Nigeria’s crude exports have been on track to rise to 2.2 million barrels per day in August from the current 1.9 million barrels per day, according to the Minister of State for Petroleum, Dr. Ibe Kachikwu, even as the Avengers has resumed hostilities before the expiration of a 30-day ceasefire.

The Aiteo Group acquired a 45 per cent stake in the 97-kilometre NCTL and the prolific Oil Mining lease (OML) 29 from Shell and other joint venture partners – Total and Agip – in 2014.

Aiteo, last May, confirmed a leak on the pipeline and sent out contractors to the site for repairs after the area had been isolated.

About 75,000-78,000 barrels per day of Aiteo’s crude oil was affected by the closure, while Shell’s volume and other third party crude affected by the shut-in could not be ascertained.

THISDAY gathered that the pipeline has capacity to move 150,000 barrels per day but about 600,000 barrels of liquids can be evacuated at the Cawthorne Channel-end of the facility.

But an air of uncertainty continued to pervade the Niger Delta as the Avengers continued its wave of attacks, when it bombed Chevron’s manifolds on Wednesday night in Delta State, the third of such attacks on the company’s installations in the region.

The implacable group, which made the attack known on its website late Wednesday, said it blew up RMP 22, 23 and 24 all in Warri.

A remote manifold platform (RMP) is where small oil or gas pipelines converge before connecting to a larger storage hub.

In the statement by its spokesperson, Brig.-Gen. Mudoch Agbinibo, the group said: “Between the hours of 10:50 p.m. and 11:10 p.m. our strike team blew up Chevron manifolds. The manifolds are RMP 22, 23 and 24.”

The group, which also wished the Muslim faithful “Happy Eid Mubarak”, said it was closing all its social network accounts due to the activities of scammers and impersonators attributing some of the bombings in the region to it.

The Avengers also denied responsibility for the alleged attack on the Nigerian National Petroleum Corporation (NNPC) pipeline at Eleme in Rivers State last Saturday and encouraged other groups carrying out similar acts of sabotage to continue in the act, but must be courageous enough to claim responsibility instead of accusing the Avengers falsely.

The group cautioned the media to beware of the imposters and follow its activities only on its website.

“This Facebook account/page is an impostor page that was open by a fraudster to deceive the general public.

“We are warning any group that wants to do anything, to go about their activities without tagging us. Instead do your activities and claim responsibility.

“The NNPC pipeline blown up in Eleme that was posted by this Facebook account yesterday wasn’t carried out by Niger Delta Avengers.

“We are calling on all national dailies to take note. Niger Delta Avengers is not out to mislead the public.

“As a result, we are closing all our social network accounts and will be using our website to pass information to the general public,” it said.

The militant group resumed bombing of the country’s oil economy last weekend, attacking oil and gas facilities belonging to NPDC, NNPC and Chevron at different locations in Warri.

The resumption of hostilities, according to a security source, was in response to the arrest of two key members of the militant group by the Department of State Security (DSS).

One of the arrested suspects identified as “Sensor” was said to be a very close aide to the former militant leader, Chief Government Ekpemupolo, alias Tompolo, who is suspected to be the arrowhead of the spate of bombings of oil facilities.

Tompolo, who is now a fugitive of the law, is being prosecuted by the federal government for alleged corruption.

WARRI—Niger Delta Indigenous Movement For Radical Change, NDIMRC, an oil monitoring group which had earlier warned of plot to remove Dr Ibe Kachikwu as the Group Managing Director, GMD, of Nigerian National Petroleum Corporation, NNPC, has condemned President Muhammadu Buhari for his removal. Kachikwu was replaced with the former Group Executive Director, Exploration and Production of the corporation, Dr Maikanti Baru.

NDIMRC had earlier alerted of pressure mounted by Northern interests led by Baru, to be made the GMD of the state-run oil firm, before President Buhari finally succumbed on July 4, 2016 when he removed Kachikwu from oil-rich Delta State as the corporation’s executive head.

The group in a statement by its President, Nelly Emma, kicked against the sudden removal of Dr Kachikwu as the GMD of NNPC by the President, describing it as unfair treatment not only to the hard-working technocrat, but to the entire people of the neglected oil rich Niger Delta region.

“The whole world is our witness that we raised alarm in April this year that Baru was desperate to be the GMD of NNPC and was mounting pressure on the President to sack Kachikwu and now we have been vindicated.

“We are sad over the unfair treatment of Dr Kachikwu by the President. The former GMD was committed to the total reform of NNPC of which Baru was against. By the sacking of the hard-working Dr Kachikwu and replacing him with Baru, it is now clear to us as a group and the whole world that the President is not serious about his promise to turn NNPC around for the better.

“The appointment of Baru by the President is not in the best interest of the nation, but to satisfy the interest of the North. The removal of Dr Kachikwu at a most sensitive time, has raised concerns among stakeholders in the region that the administration of President Buhari has remained adamantly unresponsive to the accusations by the militants that some of the local oil firms exploiting the hydrocarbon resources in the Niger Delta region and polluting the environment belong to non-indigenes of the oil producing communities.

“Last April, our findings revealed that the Adviser On Gas to the GMD of NNPC, was behind a devilish rumour that Dr Kachikwu was sacked.” He has been very desperate to become the GMD of NNPC and we warned President Buhari to be wary of him, but the President never listened.

“It is unfortunate that the people of the oil-rich Niger Delta region are being treated this way. Dr Kachikwu brought a lot of changes into NNPC and the cabal in the oil and gas industry never liked him and rather than encourage him to do more for the sector, the President decided to do otherwise. The President has once again made a big blunder with the appointment of Dr Baru who never wanted the reforms of NNPC embarked upon by Dr Kachikwu.”

The group while accusing the new GMD of NNPC, Dr Baru as one of those who destroyed NNPC that Dr Kachikwu worked round the clock to bring back to life, said “Without apology, we want to say that Dr Baru do not mean well for the corporation.

He is a spoiler and has been too desperate to become the GMD of the NNPC. Dr Baru has never liked the reforms in NNPC and such a desperate man should not have been allowed to head NNPC as he will ruin the place that Dr Kachikwu worked so hard to fix up. Dr Baru is not the best man for the job.

“President Buhari should have fired Dr Baru as suggested by us last April. The new GMD of NNPC has been working with oil cabal to frustrate the efforts of Dr Kachikwu, especially in his bid to make NNPC a better place. Dr Kachikwu ended the fuel scarcity caused by Dr Baru and his co-travellers and rather than give him a pat on the back for a job well done, he was removed by the President and replaced with desperate Dr Baru who has nothing to offer,” the group said. Dr Baru’s appointment, the group said, raises questions as to whether he can lead negotiations to calm restive militants in the Niger Delta, who have renewed hostilities in the oil-rich region in a wave of attacks on oil industry installations.

The former NNPC boss, Dr Kachikwu, who for eight months had doubled as the Minister of State for Petroleum Resources and will now serve as the Chairman of the NNPC board, had led a Federal Government team last month to negotiate a peace deal with the militants.

“Only last month, the hard-working Dr Kachikwu against threat to his life and members of his family took a risky trip to the troubled Niger Delta region to see things for himself at the controversial Nigerian Maritime University, Okerenkoko, Gbaramatu Kingdom, in Warri South West Local Government Area of Delta State and his visit brought hope to the hopeless people of the region. “His trip to the area also helped to reduce the spate of attacks on oil facilities by rampaging militants.”

“The President should have honoured Dr Kachikwu for his hard work. We must say that we are disappointed with the choice the President made for the NNPC. Can Dr Baru take a trip to the Niger Delta region? As the new GMD of NNPC, can he plead with rampaging militants in the Niger Delta region to give peace a chance and they will listen to him? The choice of Dr Baru as the man at the helm of affairs in NNPC by the President is not the best.

“As an oil monitoring group, we are highly disappointed that the President decided to at this crucial time leave the affairs of the NNPC in the hands of Dr Baru who helped to destroy the corporation. We are not impressed that President Buhari in his bid to satisfy Northern Nigeria with more juicy positions at the detriment of the oil producing people of the Niger Delta region left the affairs of NNPC in the hands of a desperate Dr Baru, who will only sit in the comfort of his office in Abuja without thinking about the pains the oil producing people of the Niger Delta region are passing through,” the group stated.

Oliviaxx:
Hian chukwu....what's he trying to say