₦airaland Forum

waste of money . for 5 million i will get him excellent hired killers

baslone: With the situation of things in Nigeria at the moment, I'll advise you to come back home.

If your folks have good connections or destiny gets you through- you are in for some big dough.

Big time lawyers now legally own a large chunk of illegally acquired wealth of our politicians.
In-fact, most of our judges(definitely civil servants) are now billionaires or run their own oil-well.
As a lawyer you can get involved in the too many under-ground deals getting rolled out daily. From "new licence
plates" to "new camous for police". Down here, a set of camou(shirt and trouser) might cost as high 300K officially.

But if your luck no shine, you'll end up setting up a chair under a tree in a magistrate court running "Charge and Bail"!!

Oriii ni men!!

so you are advising that he or she should come back to be part of illegality

Anyway people have traded their soul for money.

I suspect you dont have practice experience yet in the UK. Please dont come home and upstage the local market - it is already saturated with unemployed law graduates person. Gain the necessary experience in the u.k, do the necessary conversion in Nigeria and start your own firm thus employing people. it will be shame coming back home with all your experience and expensive education fighting with the local populace for a job in local firm . what a waste.

How many magazines must they sell to break even

I agree 100% as it is a game of who talks too much.

Typical Computer science modules in a UK University

Course modules

Year 1

Business environments
Constructing and developing applications
Discrete mathematical analysis
i-Culture
Information analysis
Media, computers and networks
Socio-technical analysis of requirements
Software development for business

Year 2

Systems design techniques
Computing platform technologies
Practical software engineering
Business database systems
Research and development methods
Systematic software development


Year 3

Engineering software
Distributed computer systems
Contemporary Issues
Project


For the above one can easily note that programming is a tiny fraction of the program and is it possible to get a first class without knowing how to write system print hello code.

mekaboy:


WHAT HAPPENED TO PARTS WHERE THEY WALK IN SILENTLY , USE SILENCER GUNS, CATCH A GUARD AND TWIST HIS NECK AND NOBODY WILL KNOW THEY CAME .

LOL


ol boy film world is different from reality - it is not that easy to twist neck

I fully understand one has to be patriotic but common sense should kick in sometimes.  I was attempting to board a plane in the US, my other friends who were black and held British passports boarded without any issues , but come my turn i was put aside  to be searched by 4 security operatives simply because i held a Nigerian passport. Similar thing happened to me again in France and Spain.  

At that point i decided that i needed to get an alternative passport not because i dont like my country but my country carried too much baggage and Unfortunately outsiders dont see the good deeds and will only remember the bad deeds coming out of Nigeria

in about couple of weeks i am going to naturalize as British citizen hence wont be flying around with that green stained passport. The harassment is just too much to bear.

how much is the kung fu contract worth - Another opportunity for some one to chop up.

he or she who deserves respect earns it.

Education in Nigeria needs a total overhaul , as computer science is a up shoot of this , i wont expect much

it is so obvious, out of a possible 100 Nja web developers only 2 will be really good

over jona's dead body - you want his fat fingers to fall off

THe more you look the less you see , According to the UK Prime minister. he said the hostages were already dead before the operation took place and not while the operation was going on. Who did Jonathan and his merry man arrest then,

Ghana a really matured environment for business.  One example - Vodafone one the largest well run telecomunication company in the world runs the Ghana telecomunication, same company tried to bid for Nitel but corruption will not allow.

INSIGHT-Nigeria oil corruption highlighted by audits


* Two audits obtained by Reuters show missing billions

* Committees, probes and audits have not spurred action

* Lack of political will to change status quo

By Joe Brock and Tim Cocks

ABUJA/LAGOS, March 8 (Reuters) - Jolted by a public outcry since the start of the year, Nigeria's government has announced a series of measures to address oil industry corruption in the world's eighth biggest producer. It is an issue that may come to define Goodluck Jonathan's presidency.

An important supplier to the United States because of the oil's high gasoline content, Nigeria has attracted billions of dollars of investments from the world's top oil companies. Yet poverty in Africa's second biggest economy is rising, with almost 100 million people living on less than $1 a day, data released last month shows. The percentage of Nigerians living in absolute poverty - those who can afford only the bare essentials of food, shelter and clothing - has risen to around 60 percent.

Two recent audits of the oil industry reviewed by Reuters show billions of dollars in irregularities despite years of government promises to clean it up.

In January hundreds of thousands of Nigerians took part in the biggest protests in the history of Africa's most populous nation. Sparked by a hike in state-subsidised petrol prices, the protests were fuelled by anger at the graft that has for decades channeled oil wealth into the pockets of a minority. Corruption has left oil-dependent Nigeria unable to cater for its basic health, infrastructure or education needs.

Goodluck Jonathan won a presidential election last year that observers said was Nigeria's cleanest since the end of military rule in 1999. Many voters had hopes that he would root out corruption. Amongst the actions announced by Oil Minister Diezani Allison-Madueke in January was the hiring of two accounting firms to audit the industry.

But even as the minister was announcing the new measures, auditors working for the Nigeria Extractive Industries Transparency Initiative (NEITI) - a government-funded watchdog - were winding up another investigation into the oil industry. That study, examining the period 2006-2008, was sent to the relevant government authorities at the end of January. A copy reviewed by Reuters is likely to add to the pressure on Jonathan for reform. It lists discrepancies and shows billions of dollars missing from Nigeria's oil revenues.


THE MISSING BILLIONS

Getting a clear picture of how much money Nigeria has lost to corruption over the years is almost impossible. The system is hemorrhaging cash in so many places that accountants often struggle to make sense of it all. The state oil firm, Nigerian National Petroleum Corporation (NNPC), does not measure its output. The government estimates that average output is 2 million to 2.6 million barrels of oil a day, making Nigeria Africa's biggest producer.

"Right now, no one can tell you exactly how much of our crude is extracted from our soil," said Orji Ogbonnaya Orji, who sits on the board of directors of NEITI. "We depend on records from the oil companies. That clearly has to change."

The NEITI audit shows some startling gaps: $540 million missing from $1.675 billion in signature bonuses - these are advance payments to develop fields, a standard producer country demand. Then there's 3.1 million barrels of oil missing from NNPC declarations about its joint ventures compared with the figures released by NNPC's international partners. That equates to 0.25 percent of the output. NNPC also received $3.789 billion in dividends from Nigeria LNG, a liquefied natural gas venture over the 2006-2008 period, but there is no record of those dividends being paid into the federal accounts.

An NNPC spokesman did not respond to requests to explain the irregularities listed in the report in detail. The firm denies malpractice. When asked about corruption last month, NNPC managing director Austin Oniwon replied that the issue was overblown. "Corruption in NNPC is in the imagination of some people," he said.

The NEITI report says foreign oil majors may have underpaid royalties "of $2.33 billion arising from subjective interpretation of volume, pricing," and grading variables. "We are questioning the basis of those calculations," Orji explained. "They are not calculated on the basis of empirical fact. And there is connivance by officials."

Foreign firms also seemed to have underpaid petroleum profit tax by over $1 billion, NEITI said. The report recommended a review of the tax returns of Chevron and Exxon Mobil . Exxon officials were not immediately available to comment. A Chevron spokesman said the firm "complies with all laws and regulations in the locations where we operate, as a matter of long-standing policy Chevron does not release specific financial details."

The NEITI audit has only just been delivered to the government. Another audit, this time by KPMG and focusing on the state oil firm, was delivered to the oil ministry in Nov 2010. The government has not published it. A copy reviewed by Reuters shows similar practices. It notes that NNPC invoices for domestic crude in U.S. dollars but pays the government in naira and that "exchange rates used by NNPC were lower than (those) , published by the CBN (central bank)", causing a loss of 86.2 billion naira ($550 million) to the treasury from 2007 to 2009.

KPMG also said fuel subsidy claims were based on unverified declarations of fuel imported or refined rather than actual retail sales at pump stations. Analysts say this highlights a scam: fuel import ships - operated by private importers, not just the NNPC - are declared full in order to claim subsidies but are really half empty, having sold to Nigeria's neighbours where prices are higher.

"Some of the issues that were revealed were shocking," the head of the House of Representatives fuel subsidy probe, Farouk Lawan, said. He added government officials had understated NNPC payments by billions of naira. Daily consumption of petrol is 35 million litres, yet importers were being paid for 59 million litres a day.

"That means subsidy is being paid on 24 million litres but is not being consumed by Nigerians," he said. "Either those products were not brought in or they were brought in and diverted or , smuggled out. Most likely a combination."

Asked about the KPMG report in January, President Jonathan pointed out that he had set the investigation in motion. "If there are queries, we further those queries to them (the NNPC) to answer. If people have been found to be corrupt, the law will take its own course."


INVESTIGATION, INACTION

At Nigeria's annual oil and gas conference in Abuja at the end of last month, oil men traded business cards with Nigerian politicians. The talk was all optimism, offshore oil platforms and new pipeline technologies.

"Corruption is on everybody's minds but nobody's lips," said Bismarck Rewane of Lagos consultancy Financial Derivatives.

Asked at the conference about corruption, Oil Minister Allison-Madueke said the government was "mindful of the challenges still within the sector , financial leakages and other deep-rooted inefficiencies," and that "there is undoubtedly a need for change."

Nkem Onyikawa, managing partner of one of the firms involved in a new oil audit, Sada, Idris and Co. said the work would be finished within nine months. Allison-Madueke has also set up three committees to look into bottlenecks to oil reform, including one to hurry up an oil bill seen as vital to transparency that has been stuck for years.

"Several panels and committees have been set up to reform the petroleum industry, and over the years many of these efforts have been stalled," Allison-Madueke said in a recent speech.

Graft has not deterred oil firms from doing business in Nigeria. Last month Exxon signed a 20-year license on a field that makes up nearly a quarter of Nigeria's output.

A foreign oil executive summed it up thus: "Ideally what you want is a clean and transparent oil business, but failing that you want a business where you know the rules and how to play by them."

Last week James Ibori, the former governor of an oil-producing state, pleaded guilty in a London court to corruption, a development many Nigerians welcomed but which highlighted something: No such successful prosecution of a senior figure has happened on home soil. ($1 = 157.7300 naira)

One day money will finish - keep spending more than you earn.

Oyinbo man says he cant make money from building or running refinery , Government says he cant build refinery. That is to say Nigerians are phocked . Importation continues. Which african millionaire are you waiting for to build refinery - abeg you go wait tire.

it is not by force to accept fake Yellow fever certificate.  you people no get shame

Build an altar before God Seed what about the altar of Jesus

Come home and do what.   Come and operate under candle light  - what a joke , what is typical salary of doctor in Nigeria.  

5 years plus Nigerian doctors in the US and UK are pratically millionaires in the Nigerian context.

if she said 77% of doctors in  New York, New Jersey, Mary Land , Atlanta  were Nigerians  - I would accept that.

I dont get it - but GEj told us mend no longer exists

Lol

What about picture of obi collecting cane from teacher

Very sad day for Nigeria -  Yet people will still vote for PDP.   

I live close to the Petroplus Refinery   - I was shocked when i heard it is going bankrupt "  I wandered , with so many cars on the road , how does a  refinery go bust" .  Now i understand very clearly when shell says it is not in the business  of building or running refineries

I refuse to waste spit -

I am more interested in your heart condition.

Your words will only come to pass , if your actions align.

For example, There is no point confessing i am debt free if i am living beyond my means

Friendlies don't matter.

PLease Nigerians


Learn to live with bombings