₦airaland Forum

LalastiklaIa:
And even if I die na heaven I dey go

cash365:
This singular reason will make you love and respect your husband.
Watch the video below.
Don't forget to like, watch,share and subscribe to my channel.

https://youtube.com/shorts/Zhhe5xAitrE?si=G7PZXFjPOOVXBRC2

longetivity:
Bring Buhari back.

"We are working towards ensuring that government make public, information on the loans obtained on a website, so that individuals can go there and see things for themselves.

"Borrowed money should be used to build capacity and create wealth, not consumed. In doing this, the government should discuss with the people before going for any loan.

benardtotti:
Please educate the simpleton who is busy regurgitating what Obi ..... .

Uzorbaby:
I just need someone .......

Uzorbaby:
right now I feel faustrated and depressed.

I just want to be happy

Konquest:
Indeed, this has been going on for a couple of years now. Stolen cars the U.S., Canada, and the UK are shipped to West Africa.

Due diligence is key when buying a pre-owned vehicle tbh.

maureensylvia:
The Deeper Life Church's teaching on jewelry is definitely different from the teachings of other churches, and that can create division among believers.

However, I don't think this necessarily means that the Holy Spirit isn't involved in their interpretation. Instead, I think it's possible that the Holy Spirit could be leading different groups of people to different interpretations of scripture.

After all, the Bible is complex and multi-faceted, and there are bound to be different understandings of it. So while division can be painful, it doesn't necessarily mean that the Holy Spirit is absent.

In fact, some theologians believe that the Holy Spirit can use division to help the church grow and evolve. For example, the Protestant Reformation started with division within the Catholic Church, but it ultimately led to the birth of new denominations and a richer understanding of scripture.

So while it's difficult to see people disagreeing about the meaning of scripture, it's possible that the Holy Spirit is using these disagreements to further the work of the church.

Michael547:
How can we identify the few true Christians today?

Brendaniel:
At least you were able to explain something here, however you cannot compare that with what Tinubu is doing in Nigeria, for one major out of other reasons, and that is Tinubu and his entire government is not living by example like the Argentine president....

Brendaniel:
You can't be making cuts for the citizens and yet increasing wasteful spending for the government and tell the citizens to endure the cuts like Argentina is doing...

tranxo:
And here you are, a freeloader, telling Seun how to run his business.

Brendaniel:
I asked you for it and I have a reason for doing that, if you cannot answer me then I won't count whatever your claims are to be to be taken seriously....


You can keep it, if it is not serious enough to be presented by you and shouldn't be discussed at all....

Brendaniel:
Why do you want me to go look for something you claim you already have?

Blazetrailer:
I laugh so loudly and hilariously when people think Tinubu, will truly tackle corruption.

Tinubu.... of all people? Kai!! My people are so gullible!!

tranxo:
And here you are, a freeloader, telling Seun how to run his business.

Brendaniel:
And what are the details about the cut, cause I have seen protests that are also very useless...

LadyExcellency:
Argentine president was handed a worse economy than Nigeria at the same time Tinubu got his mandate. The Argentina President ditched the World Bank, IMF, and WEF and initiated his reforms that were neither excruciating ....

DeLaRue:
I personally believe Mr Tinubu is the best President we have had for a long term.

He is making very tangible changes that is going to help this country in the long run, but people are not noticing.

Even so called restructuring that people are shouting, he is changing things little by little but many people don't know how significant some of the changes are. I am sure he likes it that way. Most of the press are not even noticing.

This man is the most clever and formidable leader Nigeria has had since Babangida.

I have also been taken aback by his hardworking spirit and disarming personae.

The three executive orders numbers 40, 41 and 42 which were issued by President Bola Tinubu on March 1, 2024, could deal a heavy blow on the outsized corruption and sleaze in Nigeria’s oil industry if well executed, BusinessDay investigation has revealed.

The six-page Executive order 40 is a six-page document which targets fiscal terms including tax incentives, exemptions and remissions in the oil and gas industry by extending some existing incentives to non-associated gas NAG greenfield projects in onshore and shallow water locations as long as the first gas production happens before January 2029.

On the other hand, Executive order number 41 which goes over four pages begins with a lamentation, saying, “investments in the oil and gas sector in Nigeria have significantly decreased, with the country having only 5% of Africa’s total oil and gas investments despite holding 38% of the continent’s hydrocarbon reserves.”

The order focuses on local content compliance by taking into account the “practical challenges of insufficient in-country capacity” for certain services. The order seeks to ensure that the local content board, NCDMB does not act in a manner that “hinders investments or the cost of competitiveness of oil and gas projects.”

In doing its work, the board shall now be mandated not to “approve a Nigerian content plan that contains intermediary entities lacking the essential capacity to perform the services” and “demonstrates lack genuine, substantial and tangible capacity to independently execute projects within Nigeria.”

The third regulation, Executive order number 42 is a five-page document which targets the incredible sleaze that hampers speed of contracting and resultant high cost in the oil and gas industry.

The Executive order raised to $10 million the “contract approval threshold. This means that contracts of value below $10m no longer have to go the NNPC or its subsidiaries for approval. This is a game changer for the industry.

Another key rule in the Executive order says, “the NNPCL and NUIMS shall ensure that all approvals or consents required to be given by it for contracts and procurement for each contract stage pursuant to the terms of PSCs or JOAs are issued within 15 days from the date of submission of application by the relevant party to the PSC or JOA.” Industry players have called this new rule earthshaking with the potential of huge positive impact if well implemented.

BusinessDay interviews held with senior players in the oil and gas industry including owners of key assets who are direct participants unveiled mind blowing blackholes in the industry which the Executive orders can clean up if properly implemented. Contract approval cycles go on for up to three years in Nigeria compared to six months in Algeria.

Senior industry officials told BusinessDay that “in most cases, senior officials of the NNPC, its subsidiaries and their principals in the highest echelon of government set up a web of schemes intended to collect bribes and set up other extortionist arrangements which extend contracting time in Nigeria where the cost of production of oil is among the highest in the world.”


Our investigation revealed that the custodians of the incredible corruption in the oil and gas industry can be located among the top officials at two key NNPC subsidiaries.

They are the local content agency, known as the Nigerian Content Development and Monitoring Board, NCDMB based in Yenagoa and NNPC’s Exploration & Production Limited (NEPL), a wholly owned subsidiary of the state oil company. NEPL was intended to operate and compete with private firms in the exploration and production of oil and gas resources. It is the successor to Nigerian Petroleum Development Company, NPDC based in Benin City.

According to key players and direct participants who spoke to our reporters, here is how a large part of corruption is nourished and sustained. [b]Take the case of company that is a marginal field operator and without government equity. Its senior managers must first go to the NCDMB with a list of rig and chemicals suppliers it wants to invite tender for a well development programme. NCDMB wields this power (toll gate) because it must give a certificate affirming that vendors for the marginal field operator meet the local content requirement under a law signed by President Goodluck Jonathan in 2010 to promote the indigenization of the oil industry. [/b]However, this simple certification process if transparent could happen in a week or two but it can go on for months or even years.

At the various desks an application must go through, government officials where they do not reject the list submitted outright, will then go on to add names of their preferred suppliers of rigs and chemicals and ensure that huge mark ups or bribes are inserted for themselves and their principals in Abuja.

From NCDMB it said the application will then go to Abuja for final approval. Still more bribes are extracted and the process goings on of forever while the promoters of the marginal field bear the huge cost of servicing loans that they have taken but which cannot be promptly put to good use as a result of the bribe riddled delays.

In the case where the government is an equity or joint venture participant in the asset to be developed, the queue to extract bribe money is even longer. This is where the NEPL chiefs are involved. The reason for their oversight is to ensure that costs submitted and lists of suppliers offer Nigeria the best in cost efficiency. However, in truth this rig and chemicals procurement approval process “has become the most corrupt in the world,” according to one expatriate oil chief who spoke to BusinessDay.

The following three examples may help demonstrate the unbelievable extent of the sleaze in the oil industry which has been brought to its knees with IOCs cutting their exposure through aggressive divestment schemes that are drying up investment capital into the sector.

A mid-size Nigerian firm(name withheld) approached NEPL with a straight forward oil well development programme. The contract sanctioning process dragged on for two years while government officials sought to contrive bribes into the cost profile. In the end, a rig supplier was forced on the oil company at a cost two and a half times the free market price.

Contract was awarded. However, after the development of the first well, the decrepit rig collapsed and remained idle for three months because the well connected rig supplier could not be pushed to honour its obligations to the well developer. “In our own estimate, the development of the wells ended up costing the company about nine times what it would have cost if the rig had been obtained in a free and transparent bid process,” BusinessDay was told.

In another instance, an oil giant with French parentage was forced to part with significant bribe when it sought to acquire a rig for a big offshore development. In this case, a lady was imposed on the firm by senior government officials who succeeded in extracting huge bribes before the company passed through the gate. “It is the name of the game. Try as hard as you would, they often found a way to wriggle round you,” another oil chief said to our reporter.

In a third example, a Nigerian firm approached the authorities with a list of chemicals suppliers for its oil well development programme. A top government official sponsored a supplier and insisted it must be given the contract. A highly credible supplier (name withheld) was pushed aside, and the sponsored firm was awarded the supply contract.

Along the way, it was found that the chemicals supplied at highly inflated cost was second or even third grade. The well development stalled. Now, BusinessDay understands that the well recommended supplier was approached to complete the job. According to one experienced industry official, “it is all a nest of sleaze and corruption.”
Some of the value adding innovations that is hoped the Executive orders can deliver include reduced project cost, faster project execution timelines, reduction in waste and multiple layers of middlemen in project contracting processes, increased number of gas projects quickly reaching final investment decisions, FID, increased gas supply for export, enhanced gas supply for domestic use in power plants and reduction in the price of cooking gas.

Many in the industry attribute the brilliance of the Executive Orders to the president’s Energy adviser Olu Verheijen who came to the job with nearly 20 years of relevant experience in the field including knowledge and expertise encompassing the oil, gas, power, and renewable energy sectors in sub-Saharan Africa.
Prior to her current role, Verheijen served as a Deal Lead at Shell, where she provided advice on gas commercialization and participated in mergers and acquisitions transactions totalling over $5 billion. Additionally, she held a position on the governing Board of a Shell upstream joint venture, demonstrating her involvement in high-level decision-making within the industry.

basilico:
You are the one who read a snippet.

basilico:
My vault never lies.

https://www.theepochtimes.com/health/people-who-received-ivermectin-were-better-off-study-finds-5601935?utm_source=partner&utm_campaign=ZeroHedge&src_src=partner&src_cmp=ZeroHedge

PoliteActivist:
Wow, I'm surprised you're asking something so obvious. Did you watch the movie the matrix? The only thing we can be sure exists is thinking or something like it. Descartes summarized it with "I think, therefore I am". Though he was wrong in linking himself to the thinking

basilico:
I have dealt with Smirnov before , I believe his indictment is meant to cover up JB.I believe JB was paid $5m.Smirnov did a plea deal to cover JB's ass.