₦airaland Forum

See what people go through in the NE!
God please have mercy o.

PassingShot:
I am bringing mine out on in two/three days time to mark the three months of the administration. I won't do any for the 100 days since I know there will be plenty of newspapers and media houses on the 100 days stuff.

Bros abeg tag me o. I dey gbadun your threads and posts.

MizMyColi:
Yes na.
Things are changing in our world today.

Join the change transformation train!

And errr, you revealed that much in your posts

We get to yarn joor.

Please follow me make I fit send you PM.

MizMyColi:

Thanks!

So when are you proposing?
I don't mind marrying a Muslim

How do you know I be Muslim?

Na so dem dey propose?

MizMyColi:
Aha!
The siamese twin don show


Ngwanu make your own noise on the thread

I'm counting on it for breakfast.

Caseless, there's a case here.

Btw, I like your DP pix.

MizMyColi:

Passingshot A.K.A Dropshot

Where are you?
I hope you feel good today?

Come and make some noise on this thread.
Your noise is like melodious music to my ears

This woman, you don start again o.

You be stalker?

aguiyi:
he never had his own plan

Election loss na bad thing o. So na like dis you go wail for 8 yesrs? Me, I pity ya life o.

The Parasites. They move around for free meals.

jonuel1:
Going by your last statement...why then are they re-tendering?

The article clearly says the re-tendering will be more transparent and will result in better returns to the fg.

These scavengers were not interested in building Nigeria, they were not interested in creating jobs, they were not interested in moving Nigeria to join the human race, they cared less about what Nigeria becomes in future. They were only interested in their pockets. It was a big scramble to pocket anything in sight and damn the consequences. It was primitive accumulation of even what you do not need. It was bazaar. PDP leaders who were less than 0.5% of the population stole 80% of our common patrimony without caring a hoot.

Others called it mindless looting, I call it total madness when people do not know when to say enough is enough. These mad people are ready to do anything to keep their loot. They are sleeping in the hospitals abroad pretending to be sick. They are using blackmail and subterfuge as a cover up to divert attention. They are shouting from the rooftop to deceive the gullible Nigerians and the world but there is hiding place for the enemy of progress. They want to run away from justice and keep the loot.

This, especially the first part aptly captures what they are.

EBK2:
Governments don't exit a contract after going into it once you realise it is shortchanging you. There are consequences and those consequencies can have wide ranging implications in the society.

Govts and other corporate entities do exit contracts for various reasons. The exit clause in all contracts is there to take care of the need to exit and of course with consequences. In this case, NNPC/FG must have weighed the consequences alongside what they're currently losing. So, if exiting is a better option, why not?

It is a bad precedent and BuhariAdministration is not the first to do it but it had the golden opportunity to put a stop to it. Administrations coming to terminate contracts entered into by previous administration is killing Nigeria.

Nothing bad in discontinuing contracts that are not beneficial to a govt and her citizens.

More often than not, such contracts are entered into for personal benefits by those representing the government.

This article clearly shows that that contract shouldn't have been.

Themandator:
You have not noticed this discrepancies in the date of the NEITI report and that of this article?
Swap deal was approved January, this year, according to the report and was expected to last until Dec 2016

Thanks for pointing it out.

Then, the FG shouldn't have entered into it given the audit of 2012 especially.

EBK2:
Anyone administration can come and use any excuse to terminate a contract. It is bad precedent and a big political minefield.
Terminating an already agreed and signed contract because it is not working for you is a bad precedent. NNPC will go into SWAP with the IOCs (ExxonMobil included). This precedent means future administration will come and claim it is not good for us and then terminate. Agreement is Agreement. There is no exit clause in a contract that says, if it is not favouring me, then I will terminate. Otherwise it is a worthless contract.

My friend, the contract has been found to short-change the FG since 2009 and you want a sane govt to continue; when there is an exit clause?

Common, spare me joor.

EBK2:
This is not good for Nigeria. In a country where government doesn't respect contract and Agreement, there is no hope for anyone and this will trickle down to the entire fabrics of the Nigerian Society. A Cobtract is a Contract. When NNPC goes into fresh SWAP contract, what will happen if the next administration comes and revived it?

Every contract has termination clause and it will be used accordingly.

Why should the government continue with a contract that is so unfavourable to it?

anonimi:
Is your post below the example of how YOU "behave yourself responsibly"?
Bloody HYPOCRITE!

To every action there is an equal reaction.

anonimi:
Once you have hung yourself, please let me know so I may consider following your example

Just behave responsibly.

atlwireles:
Another tales by moonlight, by the lying almajiri squad.

You no get sense o. You be waste of sperm.

PMB is always on point.

In its audit between 2009 and 2012, the Nigerian Extractive Transparency Initiative (NEITI) revealed that crude oil swap arrangements are not cost- effective, especially when compared to product prices and proceeds paid to the NNPC.

The audit exposed under-delivery of products by companies awarded such swap contracts to the tune of $866.189 million, and that this comprises Refined Products Exchange Arrangement of $500.075 million and Offshore Processing Arrangement of $366.114 million.

Despite that there were audits between 2009 and 2012 to make FG not enter into this useless agreement, Jona Dunno still could not find the political will not to go ahead.
Modified*
Lalasticlala Obinoscopy Seun, FP please.

”Your prayer 5 above approved – PMB”

With those words, President Muhammadu Buhari on 13th August cancelled the controversial offshore processing and oil swap deals initiated in January this year by the outgone administration of Dr. Goodluck Jonathan.

The agreement was earlier billed to last till December 2016.

President Buhari’s approval is in a bid by the new leadership of the Nigerian National Petroleum Corporation (NNPC) to ensure transparency and due process.

In a memo to the President on August 12, the NNPC sought approval to terminate all such current contracts following a presidential directive.

“This memo purports to seek Mr President’s approval to terminate all current Offshore Processing and SWAP contracts and commence a fresh re-tendering process to ensure transparency, due process and optimized contract terms in favour of the NNPC,” stated the letter signed by Ibe Kachikwu, the Group Managing Director of NNPC.

Responding, the president approved the request in a memo dated August 13 and signed by the Permanent Secretary of the State House, Nebolisa Emodi.

The NNPC currently swaps a part of its allotted 445,000 barrels of crude per day to some oil companies and in return receives refined products.

Oil swap derives from the fact that Nigeria’s four refineries operate mostly below 50% installed capacity and since 2003, the NNPC has continued to allocate them 445,000 barrels of crude oil per day, which corresponds to 100% capacity. The oil swaps have come under criticism following allegations that they have been opaque and the government has been short-changed in the deals.

In its audit between 2009 and 2012, the Nigerian Extractive Transparency Initiative (NEITI) revealed that crude oil swap arrangements are not cost- effective, especially when compared to product prices and proceeds paid to the NNPC.

The audit exposed under-delivery of products by companies awarded such swap contracts to the tune of $866.189 million, and that this comprises Refined Products Exchange Arrangement of $500.075 million and Offshore Processing Arrangement of $366.114 million.
Civil society groups had repeatedly called for an end to the oil swap deals while also urging the Nigerian government to allocate to local refineries crude product based on operating capacity and the difference should be sold directly as crude.

The Africa Network for Environment and Economic Justice (ANEEJ) had in an advocacy position paper sent to the House of Representatives Committee on Petroleum (Downstream) called on the National Assembly to do all in its powers to end oil swaps in Nigeria.

The House has, however, failed to progress on a motion moved in June by Michael Enyong (Akwa Ibom) seeking an “urgent need for a forensic investigation of the contracts known as Refined Product Exchange Agreement or Swap Contract.” The lawmaker had alleged that Nigeria has lost considerable revenue due to leakages in the accounting system and mismanagement of the economy.

“There is the need to ensure transparency and accountability by the NNPC in the management of revenue accruing to the nation from crude oil, particularly in the prevailing circumstances where major buyers of Nigeria’s crude oil such as the United States has discovered alternative sources,” he said.

With the presidential approval, the NNPC is expected to formally trigger the exit clauses in the current OPA contracts in order to close them and commence a fresh re-tendering process aimed at getting more favourable deals for the government.

http://dailytimes.com.ng/buhari-terminates-oil-swap-agreements/

anonimi:
Meanwhile the country burns as paparazzi photocracy governance continues =>

Hang yourself!

akpakoboy:
True talk. Still been owned for july. August salary is a no go area. Earliest time to be paid is first week of October. That's three months wait. Its frustrating.

You're owned? You go fear grammar.

ochejoseph:
Waste of time and Public resources

Every retired Military and Police officer I know has a gun!

Without licence abi? And in large quantity too?

Editor1:
This is just what I want to hear...charge someone to court if suspected, not "I will" and "I shall".


However, I still maintain that not all cases should be dwelt on. Else the people and developmental projects will have to suffer.

Even in America, some cases are intentionally hidden or killed as Cold cases, if they pose a threat to National security, leakage of classified state info or disrepute to the Presidential institution... esp the shooting of JFK and the Bush/Al-Gore election saga.


Buhari should lay a foundation to stem corruption and reduce less of probes. cos corruption is as powerful as the government itself. Its too wide!

You're confused, honestly.

I'm sure this is in one of the gulf countries. Probably Saudi Arabia.

I don't think the thread you refer to was actually against supporting or giving your wards head start. It only frowned at over pampering of children else they become spoilt brats.

So, same position whichever way you look at it.

This man makes a lot of sense.
He has not condemned monogamy as some commenters have said. Rather, he has made case for polygamy. His point is very clear, which is that the society should not criminalize polygamy. It's the criminalization of polygamy that is responsible for many men having children by other women unknown to many until they have exited the world.

You criminalize polygamy but you don't see much wrong in adultery and fornication.

Many women will prefer their husband maintain side chicks outside to the man getting the same lady as second wife. This beats imagination really!

kodded:
what are you saying

Incomprehensible ?
Ok, he cancelled sponsoring hajj.
He terminated pipeline contracts for militants.
Some properties of some ministry staff have been confiscated by icpc.

You need more?

lunaticfringe:
Buhari is a dullard... More than mr go slow he is brainless... More than baba one chance he is a master thief..

Your life completely screwed. I pity ya parents.
They just wasted their sp.erm and egg to bring you to life.

Look at his moniker sef, lunatic indeed.

If you like rant till 2mao, i will ignore you. Foolish boy.

kodded:
list one of his works ?

Reducing cost of governance and blocking of leakages.

uniklinkum:
Please f**k off poltroon, I have little patience for iidiot reared by sokoto gudali. If your brain don't know what's call auto correction on mobile devices, then it shouldn't be my f**king business. You and I know your lord pseudonym is protection seeker.

Chai, daris God oooooo.
you just finished the guy.

merry02:
is jonathan coming to rule u again?y can't u think straight?

You must be a compound fool. Is anyone who tag a 3 month presidency 'I will' not a Jonathan dog? So what is wrong in comparing the same govt with the idiotic man's?

merry02:
I wll! I will!I will!!!

This "I will" better continue with the results we've seen so far. His dead body is better than healthy gej.