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Callydon's Posts

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PoliticsRe: Ifeanyi Uba Unfolds Plans For Anambra by callydon(m): 1:58pm On Apr 30, 2013
ig.chuka:
Free fuel or kerosine is nonsense, why cant he built industries if he truly cares. He should go and do his home work. As far as i am concerned, if you are a business man and you dont have any substancial investment in anambra, you are not qualify to run for election.
and wot business does Ngige,Soludo n d rest av in Anambra. like I said b4, Ifeanyi's business is Oil Importation n there's no other place where he can site dat company apart 4rm Lagos. BTW ur current governor,Mr. Peter Obi was did nt own a single comopany in d state b4 becoming governor. infact he was nt even residing in d country then. he jst came back for d elections then.
PhonesRe: Tecno Q1 Discussion Thread by callydon(m): 8:18am On Apr 30, 2013
kcstyle40: I am using this Q1 presently. But it didn't come preloaded with any game at all xcept a screen shot video of asphalt andrenaline.
The annoying part is the phone battery doesn't last even for half a day after full charging. Pls is there anyone with the same xperience?
sorry bros,bt I think urs is a peculiar case. mine came preloaded with ASPHALT6.
But 1st of all go to ur d SD card in ur fone,check d folder named "APK" n "APKS" U will see some games there dat are nt yet installed on ur fone. u can now install them from there.
PhonesRe: Tecno Q1 Discussion Thread by callydon(m): 10:33pm On Apr 29, 2013
iscom: The only thing i disliked in this tecno Q1 is that it does not support java.can it download 2go,mxit,rocke talk?
i downloaded 2go on my Q1, as for d other apps, i dn't even knw wot they are used for.
PoliticsRe: Ifeanyi Uba Unfolds Plans For Anambra by callydon(m): 8:04pm On Apr 29, 2013
ig.chuka:
First of all, going to lagos to show us ur investments is very wrong. It just means you dont have any investments in anambra to show us. By implication, he is going to invest anambra's money in lagos if he becomes governor. I dont take such businessmen serious. Charity begins at home.
If u had any single sense,u wud av known dat Ifeanyi Ubah is into oil importation which has to do wit d water ways. infact there's no other place dat company can be sited in Nigeria apart 4rm dat Lagos. and to show he stil has Anambra pple at heart he still gave out free fuel to okada n bus drivers. and is currently selling kero at d cheapest rate in whole country.
show me anyone who can beat dat record n I'll show u who can defeat Ifeanyi Ubah come 2014.
PoliticsRe: Ifeanyi Uba Unfolds Plans For Anambra by callydon(m): 4:34pm On Apr 29, 2013
asha 80: that he has been cleared of any wrongdoing does not mean he has been cleared of his debt.use your danm brain.
Listen to urself... If he has been cleared of all wrong doing as u agreed, then Y won't he be cleared of d debt which is as a result of d wrong doing which u agreed he has been cleared of.
PoliticsRe: Ifeanyi Uba Unfolds Plans For Anambra by callydon(m): 11:13am On Apr 29, 2013
asha 80: 'uba is not coming into governance to make money'...nope he is coming into governance to use anambra funds to settle his 42bn debt to access bank and coscharis.
and if u EVER used ur data bundle on ur fone for any other thing apart 4rm facebook n pinging, u wud knw dat Ifeanyi Ubah has been cleared of all allegations as concerned wit Access Bank n Coscharis...
if dat is nt so, he wud nt be ÊlÎGÎblÊ to contest in d 1st place.
PhonesRe: Tecno Q1 Discussion Thread by callydon(m): 11:07am On Apr 29, 2013
Tedman: No one has said anything about gaming on this phone. How's the phone like, for playing games? And pls, kindly list some games(popular games maybe) that u have played on the phone. Thanks.
d game comes loaded wit ASPHALT 6, ANGRY BIRDS and FRUIT NINJA.
I av nt been able to download other games cos of Data Bundle.
PhonesRe: Tecno Q1 Discussion Thread by callydon(m): 6:36pm On Apr 27, 2013
Oyinkansolanew: TECNO Q1 DEY SKYPE WELLA. NO B SAY DEM SAY. I GET D PHONE AND DEY USE AM SKYPE WELLA BOTH VIDEO AND VOICE OH. I EVEN DEY STREAM WITHOUT DEDUCTION OF CRDT
Bros abeg hw do u stream wit d fone without deduction of credit? cos am also using d fone n I wud like to knw.
THANKS.
PoliticsJonathan Awards An Isreali Firm A Contract To Monitor Ur Computer by callydon(op): 6:30pm On Apr 26, 2013
This is worrisome.
Prwmium times is reporting a matter of
public interest for Nigeria’s internet
users, and users of other kinds of
communication.
According to them, “The Jonathan
administration secretly, and in open
violation of lawful contracting
procedures, has awarded an Israeli firm,
elbit system, with headquarters in Haifa,
a $40million contract to help it spy on
citizens’ computers and Internet
communications under the guise of
intelligence gathering and national
security.”
Elbit announced the contract
award Wednesday in a global press
release but was silent on the
Nigerian destination of the
contract. Its general manager,
Yehuda Vered, opaquely
announced that “Elbit Systems will
supply its Wise Intelligence
Technology (WiT) system to an
unnamed country in Africa under a
new $40 million contract
announced on 24 April… for
Intelligence Analysis and Cyber
Defense,” but effusively claimed, in
the statement, that his company is
“proud to be selected to supply
this unique system, which is
already field-proven, fully
operational and customisable.
“Elbit Systems is a world leader in
the fields of intelligence analysis
and cyber defense, with proven
solutions highly suitable for
countries, armies and critical
infrastructure sites. We hope that
additional customers will follow in
selecting our highly advanced and
cutting edge systems in these
fields as their preferred solution,”
Mr. Vered added.
Multiple and very reliable sources
in the administration confirmed to
PREMIUM TIMES that Nigeria is
indeed the “unnamed African
country,” and with details from the
Elbit statement, our sources say
the contract will now help the
Jonathan administration access all
computers and read all email
correspondences of citizens in
what is clearly, an infringement on
constitutionally guaranteed
freedom of expression.
No single policy of this
administration has so far affected,
in one fell swoop, the lives of 47
million citizens, a third of the
Nigerian population and about four
times the number of voters who
brought the president to power two
years ago.
Nigerian netizens, the horde of
active citizens that use the
computer and Internet, are the 10th
in a global ranking that make them
27 per cent of Africa’s total Internet
users, far ahead of Egypt [19th
global ranking] and South Africa
[37th in global ranking].
The growth path of the Internet in
Nigeria has also been dramatic,
rising from a mere 200,000 Internet
users in 2002 to 47 million this
year, according to data from the
Global Internet user, one of the
Internet audit groups.
This development has not always
gladdened public officials in
Nigeria many who have expressed
open displeasure at the use of the
Internet by social media activists
and the power of its possibilities as
an empowering medium for popular
communication. The calls for
regulation have been loud in both
the administration and in the
Nigerian legislature.
The earliest hint that the Jonathan
administration had desires to
invade privacy of citizens surfaced
ealy April when researchers at the
Munk School for Global Affairs at
the University of Toronto alerted
the world that Nigeria, Egypt, and
Kenya were deploying Internet
surveillance and censorship
technology developed by an
American company, blue coat,
which specializes in online
security. Blue Coat’s technology
will allow the government to invade
the privacy of journalists, netizens
and their sources. Its censorship
devices use Deep Packet
Inspection, DPI, a technology
employed by many western
Internet Service Providers, to
manage network traffic and
suppress unwanted connections.
The DPI, it appears, “makes it possible
for censors to look into every single
Internet Protocol packet and subject it
to special treatment based on content
(censored or banned words) or type
(email, VoIP or BitTorrent Protocol).”
DPI not only threatens the principle
of Net Neutrality and the privacy of
users, civic groups say, it makes
single users identifiable and, in
countries that flout the rule of law
and violate human rights, often
exposes them to arbitrary
imprisonment, violence or even
torture.
While details on the Blue Coat
contract appears to have managed
to evade scrutiny up till this point,
PREMIUM TIMES sources say the
Elbit annunciation of the contract,
opaque as it was, terribly rattled
top administration officials – from
the presidency to the National
Security Adviser’s Office, and the
National Assembly.
“The presidency had wanted this
contract to be a top secret,” said
one of our sources. “The
presidency did not envisage that
Elbit was going to make it public.
Monitoring computers and Internet
use is a contentious issue and the
National Security Adviser had tried
to keep the contract secret.”
Elbit says it will take it two years to
complete the project, by which
time it claimed, the administration
will have “a highly advanced end-
to-end solution, [to] supports every
stage of the intelligence process,
including the collection of the data
from multiple sources, databases
and sensors, processing of the
information, supporting intelligence
personnel in the analysis and
evaluation of the information and
disseminating the intelligence to
the intended recipient…[that] will be
integrated with various data
sources, including Elbit Systems’
Open Source Intelligence (OSINT)
solution and Elbit Systems’ PC
Surveillance Systems (PSS), an
advance solution for covert
intelligence gathering.”
The administration had indicated in
the 2013 budget that it would
procure a Wise Intelligence
Network Harvest Analyzer System,
Open Source Internet Monitoring
System and Personal Internet
Surveillance System at a cost of
N9.496 Billion ($61.26 million).
Now that the contract has been
awarded to Elbit for about $
40million, it is unclear if the
National Assembly will raise
questions as to what becomes of
the extra $21million earmarked for
the project.
Investigations indicate that in
awarding the contract to the Israeli
firm, no tenders or calls for bids
were made just as there were no
public announcements. The
contract was awarded following a
proposal from a single vendor who
dictated the contract sum and the
terms of the contract.
PhonesRe: Tecno Q1 Discussion Thread by callydon(m): 6:02pm On Apr 26, 2013
Emmysteve: pls o i just bought the q1 yesterday but i dont knw how to use the key pads, pls does any one av an idea on how i can use the keypads without touching the screen. i admit , i am a first class learner. thanx
U must touch d screen to use d fone cos it has no direction keys.
I hope dis helps.
PhonesRe: Tecno Q1 Discussion Thread by callydon(m): 1:25pm On Apr 26, 2013
Lagusta: Please guyz i am seriously confused......

I really want to clarify some stuff concerning this Q1, cos i am thinking of buying it. Full-time gaming and other sophisticated apps will be on another tablet PC....

Anyways...

1) does the phone have WIFI hotspot, cos i really need a phone with hotspot

2)can i download this sublaTV or UKTV or whatever it is calledhuh

3)can etisalat BBC work on ithuh

Please e joor, e dakun, biko nu answer me asap, cos this nokia c3 is seriously annoying me faa!!!!
1) The fone has HOTSPOT.
2) As for those TV's I don't knw a thing abt them.
3) Airtel #1200 BB plan works on d fone, but I don't knw abt d Etisalat own.
Tak kia.
PhonesRe: Tecno Q1 Discussion Thread by callydon(m): 5:35pm On Apr 25, 2013
uche08: I bot this Q1 yesterday and I can't browse. Not even face booking.
Pls experts in d house, how do i configure my Q1 tecno?
it needs no configuration jst put ur sim n browse. but 1st of all,switch on ur "data connection ". this can be done by swiping down d notification area @d top of ur home screen.I hope dis helps.
PhonesRe: Tecno Q1 Discussion Thread by callydon(m): 2:00pm On Apr 25, 2013
D fone has HOTSPOT,
It's OS is Ice Cream Sandwish n nt GingerBread as d OP said.
camera quality is good bt its FLASH is completely useless cos u can't tak any pics wit dis fone at night...
All d above info are accurate cos am currently using d fone.
thanks y'all.
PhonesRe: The Tecno D5 Android Discussion Thread by callydon(m): 11:41pm On Apr 19, 2013
soullove87: Its does!
u can as well download sms reader from google store.
plz am using Tecno Q1 can u tell me how to make d fone start saying d callers name, ie how to set it up.
thanks.
PoliticsRe: Who Is Most Likely To Become The Next Governor Of Anambra State? by callydon(m): 8:02pm On Apr 16, 2013
asha 80: have you ever thought of where he is going to get the money to pay back the 42bn debt he is owing access bank?anambr funds?
Don't u read d news? Ifeanyi has been cleared of all allegations in a competent law court, if nt so he wud nt be eligible to contest 4d election in d 1st place...
so plz get ur facts straight next time.
PoliticsRe: Who Is Most Likely To Become The Next Governor Of Anambra State? by callydon(m): 5:40pm On Apr 15, 2013
ifebosco: if what you wrote about him is true,, most he get into politics??,,
my bros Ifeanyi Ubah is nt going into politics to make money, he going there becos since d creation of d state none of his kinsmen av eva been d governor n dat has reallt drawn back d area... if u av eva been to Nnewi u'll understand wot I mean cos there's no Single govt presence in dat area.
thanks.
PoliticsRe: Who Is Most Likely To Become The Next Governor Of Anambra State? by callydon(m): 2:33pm On Apr 11, 2013
lagcity: When did Ifeanyi Ubah get his doctorate degree?
And am very sure u are among those currently writing WAEC now, which u dnt even av any certificate to boast abt.
PoliticsRe: Who Is Most Likely To Become The Next Governor Of Anambra State? by callydon(m): 2:02pm On Apr 11, 2013
None of these candidates has affected people's lives more than Dr. Ifeanyi Ubah. He employs more than 3000 workers in his lagos depot alone out of which 65% are from Anambra, dis is not counting all his workers scattered all over the federation.
Dr. Ifeanyi Ubah has given scholarship to over 200 students in Anambra state. this is jst a few of wot dis man has find n he is willing to do more.
N.B: Dr. Ifeanyi Ubah is nt in ANY way related to Andy Uba n d rest of them.
PoliticsRe: Who Is Most Likely To Become The Next Governor Of Anambra State? by callydon(m): 1:30pm On Apr 11, 2013
Cupidkc: the man of the people all the way....dts IFEANYI UBAH. Anambra needs a radical leader who will pilot the affairs of the state to an enviable height.
guy U jst took d word out of my mouth.
We d YOUTHS of Anambra av decided dat we don't want another "WOMAN" to occuy the govt seat of Anambra again.
Dr. Ifeanyi Patrick Ubah all d way joor!!!
PhonesRe: The Tecno D5 Android Discussion Thread by callydon(m): 11:17am On Apr 10, 2013
Plz can anyone confirm whether Tecno phones says d name of d caller wen someone calls u. Jst like symbian phones do.
Thanks.
PoliticsHigh-handedness, Politicisation Forced Catholic Church To Leave CAN by callydon(op): 6:53pm On Jan 25, 2013
Onyebuchi Ezigbo in Abuja

There are indications that the
disagreements between the
Christian Association of Nigeria
(CAN) and one of its major
stakeholders, the Catholic
Church may be deeper than what
the public has been made to
believe.
THISDAY gathered Wednseday
that besides the reason so far
adduced for its temporary
suspension of its membership
with CAN, the Catholic Church
has an axe to grind with the
national leadership of the
organisation for its inability to
carry other stakeholders along
in its decision-making process.
In addition, the authorities of
the Catholic Church were said to
have expressed concern over
some recent utterances and
actions of the national
leadership of CAN under Pastor
Ayo Oritsejafor, which it said
negated the concept and spirit
of behind the establishment of
the organisation.
According to the Catholic
Secretariat of Nigeria (CSN),
one of the key visions of CAN
was to promote the desire of
Our Lord, Jesus Christ “that they
all may be one”.
THISDAY gathered from a CAN
source that one of the reasons
adduced for withdrawing from
CAN stemmed from the fact that
the organisation was gradually
being dragged into partisan
politics, thereby compromising
its ability to play its role as the
conscience of the nation and
voice of voiceless.
Apart from politics, the Catholic
Church said the Christian body
had come under heavy criticism
for neglecting ecumenism, which
is regarded as the theological
foundations of Christian unity.
For instance, the Catholic group
alleged that the Directorate of
Ecumenism and Inter-faith, as
one of the missions used by CAN
for the promotion of peace and
unity in the nation, was not given
attention.
“To cap it all, the CAN
leadership was accused of not
showing enough respect for the
various blocs and no longer acts
on consensus opinion on major
issues.
“CAN is not an army put in place
to defend Christians against
Muslims. Rather it is an
association whose main
objective is to promote unity
among Christians and peaceful
coexistence with people of
other faiths.
“It is unfortunate that the
present terrorism in Nigeria has
become a major distraction to
CAN which cannot just sit down
to watch the destruction of
Christians and churches,” he
said.
Following the outbreak of
terrorist insurgency which had
churches as one of its key
targets, the leadership of CAN
found itself trying to respond to
the serious security challenges
facing most Christian faithful
living in the northern parts of
the country.
Although many among the
Christian faithful believe that
Oritsejafor has been very
proactive in trying to protect
the interests of Christians by
speaking out most times against
attacks on innocent worshippers
by the Muslim sect, the Catholic
Church felt he did not consult
widely before taking positions.
It was learnt that though the
Catholic Church may have
suspended participation in CAN
activities at the national level, it
is making efforts to ensure
things do not get out of hand.
According to a source at the
CSN in Abuja, Catholic Bishops
are intervening in the matter and
both sides are already taking
measures to resolve the conflict.
The source said Oritsejafor has
sought for dialogue with the
Catholic Church leadership in
order to iron out areas of
disagreements between them
and his leadership.
According to the source, the
Catholic Church has accepted to
fix a date for a meeting with the
CAN leadership after the matter
must have been tabled before
the its Bishops conference.

www.thisdaylive.com/articles/high-handedness-politicisation-forced-catholic-church-to-leave-can/137428/
HealthRe: 10 Crazy Drugs You Dont Know(and Dont Want To Know) by callydon(m): 8:33pm On Jan 11, 2013
bknight: @ ALL NAIRALAND MODERATORS:

Please kindly do something about people saying nothing else but "no _ to comment". Its increasingly causing nuisance. After d lowlife garri issue, these attention seeking ones are apparently daring you, making mockery of the whole idea of a forum.

The onus is on you.
and hw does dis affect d price of GARRI @main market onitsha.
BusinessCourt Faults Amcon,vacates Order Against Capital Oil,depot Opens Soon by callydon(op): 7:49pm On Dec 13, 2012
Justice Abdul Kafarati of a
Federal High court sitting in
Abuja, on Wednesday vacated
the November 13th exparte
order made against Capital
Oil and Gas in favour of the
Assets Management
Corporation of Nigeria to
take over its assets and
liabilities.
Ruling on the preliminary
objections raised by Capital
Oil and Gas through its legal
representative, Chief Wole
Olanipekun, against the
experte order, Justice
Kafarati said, both the court
and AMCOM were not
established to destroy
existing businesses but to
negotiate repayment plans
arising from any business
dispute.
According the ruling, the
order was vacated partly
because AMCOM had
commenced a recovery action
against Capital Oil and Gas on
the 9th of November, 2012
before approaching the court
for the order made on the
13th of November 2012,
contrary to section 34 sub
section 3 of the AMCOM act.
Justice Abdul Kafarati haven
dismissed the November 13
exparte order, directed
AMCOM to seek a negotiable
repayment plan with Capital
Oil with the view to recover
the proxy loan facility
granted through Coscharis
Motors Ltd.
The court also refused the
application made by AMCOM
to sell the petroleum
products in the sealed off
deport of Capital Oil and Gas
with a view to recoup parts of
the disputed sum for Access
Bank.
The matter was adjourned to
January 15th,2013 for hearing
in the substantive matter.

www.galaxytvonline.com/news/main-news/capital-vs-amcon-court-vacate-liquidation-order-against-capital-oil-and-gas
ComputersRe: My Laptop Battery Can No Longer Charge. Plz Help. by callydon(op): 4:59pm On Dec 09, 2012
D sage: Two things may be the causes of your system problem.

1. The new battery is not compatible with your Laptop.

2. The charger you're using may be too weak in voltage to supply a sufficient power to charge your system.

Therefore, try as many batteries as possible or use different model chargers to charge the battery.
Bros plz my laptop is DELL wot different chargers does Dell av n cud it also be a fault?
Thanks.
ComputersMy Laptop Battery Can No Longer Charge. Plz Help. by callydon(op): 3:39pm On Dec 09, 2012
Plz computer engineers in d house help me out. My system jst developed a fault.D current battery am using does nt last Up to 25mins n wen I went 2buy a new battery,al d batteries I checked in d market wen its put in d system d system wil write "grin system can not charge dis battery" dis continued for lik 15 different batteries. They say its a fault wit d laptop.
Plz does anyone know wots wrong wit d system n possible solution?
Thanks.
PoliticsRe: Capital Oil Re-Opens, AMCON To Oversee Finances by callydon(op): 2:47pm On Nov 28, 2012
Knoll: Ifeanyi P Ubah ...another misunderstood personality.

He grew up in Nigeria, as a simple ibo boy who had business skills than the average. He sold tires and became very good at it before age 20 ask Michelin company staff or other tire dealers at Enu owa street Idumota, Lagos.
He was born of school teachers so dropping out of school was really a difficult position for the family especially for the 1st son but he had to show the family why? (Some of the world's richest guys did same thing)
He was quick to realize goods could be taken to northern states and neighboring countries instead of them coming to lagos hence he started traveling around. When he eventually got to Congo DR another african country with lots of ibos, he noticed the need for other automobile accessories and hence the formation of his company 'Auto Capital' in the 90s'.
In congo, he sold lubricants he got from Ibeto group and also got a lucky break to supply such to Congo railway corporation. he left Congo after a political impasse because Nigerians were targeted, he was still in his 20s then so had no hand in it as been speculated. (Pls Google Al Jazeera investigative video on how Kabila was killed).
He was even arrested and locked up by Ibeto group owner because he couldnt pay back for the products he took to Congo DR (Ibeto Group is still there for verification)
after the intervention of some nnewi elders he joined up with Ibeto group as an independent marketer bringing customers to them and thereby his commission was used to offset his debts . Overtime he made customers pay into his account for onward transfer to Ibeto's account and if Ibeto had no product he would get from elsewhere for customers and hence he built a name for himself once again and the Bank noticed his transactions, offered him loan, capital oil and gas ind ltd was born and the rest like they say is history.
Once again, he grew exponentially because he started the business from scratch and understood the downstream market unlike many investors who only came in because they were told how profitable oil and gas could be.
he knew the benefit of having a good depot , trucks and truck park. all this he did albeit with short term loans and hence his current debacle with banks and now Amcon.

His kerosene scheme with NNPC is not a profit making venture if not why has no other company embarked on it, are there no other big guns that would also want to make money?

His birthday was his dream, he never celebrated his bdays until he clocked 40 also know that the over 90% of the adverts were paid for by business friends etc because he had a habit of always greeting people on the pages of newspaper on their bdays. Pls verify from newspaper houses!

He has quietly done alot of stuff for Nigerians alive and dead -
sam loco, xtie essien igbokwe, da grin, Mc Loph, Geraldine ekeocha etc received N1million each,
- U21 male 2011,
- U21 female (15,000 USD each even though it was just quarter finals they achieved)
Kanu Nwanwo's testimonial(clearly the biggest testimonial of any ex-player with Africa's biggest names) ,
COPA beach soccer (major sponsor) in which nigeria won!

This man has only one phone number which u can even get from ibafon market traders, he makes all his calls on one number and thats why MTN recognises him yearly!
He never lived a life of opulence until he certified his financial freedom.
He was born a catholic hence his building of a massive cathedral in his howetown.

His errors would likely be his involvement in nigerian politics which has always been a bad idea for most business men.
Very gud n concise write... And all ur points where also verifiable.
BusinessAMCON To Re-open Capital Oil Depot Monday by callydon(op): 8:56am On Nov 26, 2012
The Assets Management
Company of Nigeria
(AMCON) will Monday re-
open the premises of the
Capital Oil and Gas
Industries Limited in Lagos
for operations.
Confirming the re-opening
to THISDAY Sunday night,
AMCON’s Chief Executive
Officer, Mr Mustapha
Chike Obi, said the
organisation would move
its officials into the depot
to oversee the finances of
the company.
AMCON had shut down the
premises of Capital Oil
consequent upon a court
order which directed it to
freeze all the assets
belonging to the oil
marketing company over
N48.014billion
indebtedness to it.
THISDAY investigation
revealed that the decision
to re-open Capital Oil was
aimed at curbing the
current fuel crisis in the
country, which worsened
over the past few days due
to the closure of the depot.
This came as investigation
revealed at the weekend
that the current fuel crisis
being witnessed across the
country despite the claims
by the Nigerian National
Petroleum Corporation
(NNPC) that it had
supplied sufficient product
that would meet Nigeria’s
fuel consumption has
justified government’s
campaign for full
deregulation of the
downstream petroleum
sector.
THISDAY checks revealed
that the closure of the
company’s 196 million
litres -capacity storage
tank often used by the
NNPC for products storage
has hampered products
distribution across the
country, adding to the
worsening fuel crisis.
An industry stakeholder,
who spoke to THISDAY last
night on the lingering fuel
scarcity, posited that
libralisation of the
downstream petroleum
sector was central to the
reform of the oil and gas
industry as it remained
the only solution to
incessant scarcity of
petroleum products in the
country.
The source said in the
event of the NNPC, not
being able to supply the
market with enough
petrol, due to
government’s delay in
payment of its subsidy
claims, the supply chain
would be completely
crippled.
While noting that
consumers would enjoy
fairer deal in a
deregulated market, the
source urged government
to intensify discussions
with the various groups
who had been campaigning
against full deregulation,
with a view to making
them understand that
deregulation is in the best
interest of every Nigerian.
However investigations by
THISDAY at the weekend
revealed that most petrol
stations did not open for
business. There were long
queues of vehicles in the
few that had products.
Some of the buyers
complained of product
under dispensing at most
filling stations, while
others alleged extortion by
filling station attendants
before they were allowed
to buy fuel.
Investigations also
revealed that most of the
filling stations in Lagos,
south east, south west,
Abuja metropolis and parts
of the north have been
dispensing fuel at between
N110 and N120 a litre as
against government’s
approved N97 a litre.

www.thisdaylive.com/articles/amcon-to-re-open-capital-oil-depot-monday/131686/
PoliticsRe: Capital Oil Re-Opens, AMCON To Oversee Finances by callydon(op): 6:28pm On Nov 25, 2012
post.email:
No brains required... Just have one of your guys in Aso rock
... And If he had one of his guys in Aso Rock as U claim,wud he be going through all these?
Guy think wit ur head n stop being Sentimental.
PoliticsRe: Capital Oil Re-Opens, AMCON To Oversee Finances by callydon(op): 6:25pm On Nov 25, 2012
post.email:
..........ubah and Capital Oil are indebted to AMCON to the tune of N48.014 billion and the order of the Federal High Court came on the [b]heels of a worldwide order (mareva injunction) granted by a London High Court also last week against the assets of Ubah [/b]and his company.
and which major business man in d country doesn't owe banks...
Capital Oil's case is jst dat of WITCH HUNTING,b'cos first of al he's nt d ONLY one who was indicted by d committee and secondly his depot was commissioned in 2007 before he even started collecting dis subsidy of a thing
PoliticsRe: Capital Oil Re-Opens, AMCON To Oversee Finances by callydon(op): 8:30pm On Nov 24, 2012
Finally,d depot is opened... Cos if they had continued d closure of d depot d fuel scarcity dat cud av happened in d country wud av been UNIMAGINABLE.
PoliticsCapital Oil Re-Opens, AMCON To Oversee Finances by callydon(op): 6:53pm On Nov 24, 2012
The Asset Management Corporation of Nigeria (AMCON) and the management of Capital Oil and Gas Limited have agreed to re-open the depot of the oil and gas company in Lagos. This follows a meeting Friday between AMCON and Ifeanyi Ubah, the Managing Director of Capital Oil.

A Federal High Court sitting in Abuja, last week gave AMCON an order to freeze all the assets belonging to Capital Oil and its Managing Director. Capital Oil subsequently shut down its operations.

Sources said the decision to re-open Capital Oil was aimed at curbing the current fuel crisis in the country, which worsened over the past few days due to the closure of the depot.

The source further disclosed that it was however agreed that AMCON would also move its people into the depot to oversee the finances of the company, so that it would not be diverted to other uses.

"They also agreed that Capital Oil will keep certain percentage of the finances to meet the operating costs, while AMCON will retain certain percentage to offset Capital Oil’s indebtedness to AMCON," said the source.

Ubah and Capital Oil are indebted to AMCON to the tune of N48.014 billion and the order of the Federal High Court came on the heels of a worldwide order (mareva injunction) granted by a London High Court also last week against the assets of Ubah and his company.

The order by the UK court was granted sequel to an application by Access Bank Plc to preserve its assets pending the determination of the suit brought before it by the bank.

In its response to an ex-parte order for the temporary forfeiture of its asset, which was obtained by AMCON, Capital Oil last week shut down its depot and warned that the immediate shut down of operations would affect supply of petroleum products around the country.

The company said in a statement that Nigerians would be worse for its predicament in view of the strategic importance of the company to product distribution in the country, as its storage facilities accounted for 35 per cent of petrol used in the country.


Before Friday’s decision to re-open the company’s depot, another temporary relief had earlier on Thursday came the way of the oil marketing company when a Federal High Court in Abuja vacated an earlier order it made granting the AMCON immediate possession of properties belonging to the company and Ubah.

http://www.thisdaylive.com/articles/capital-oil-re-opens-amcon-to-oversee-finances/131549/

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