Foreign Affairs › Re: Sudan president detained in South Africa pending court order by dustydee: 5:44pm On Jun 14, 2015 |
omenka: I really don't see this falling through. The consequences, as you suspect, would be dire. It would set a bad precedence, creating a very bad blood between both countries which could degenerate into an intractable diplomatic row.
Bashir attended the event with the full assurances of the South African authorities that he enjoys immunity. The president has questions bordering on war crimes to answer, no doubt, but this certainly is going to precipitate events that could stump the alleged war crimes he committed with regards severity if carried out- not to mention the mistrust towards the South Africa such could generate amongst other sister nations.
In addition, there's no gainsaying this would trigger reprisals in Sudan against South African nationals, and if they happen to be many of them resident there, too bad then.
By and large, I don't see this happening. I guess you meant you "do see this falling through". I agree with you. SA will likely not hand him over. |
Jobs/Vacancies › Re: How Bad Is It, Going To An Interview With Native Wear? by dustydee: 11:08am On Jun 14, 2015 |
Bflexing: Nope. Just a state Government job then unusual, maybe not in the North. |
Jobs/Vacancies › Re: How Bad Is It, Going To An Interview With Native Wear? by dustydee: 3:46pm On Jun 12, 2015 |
Bflexing: Really?? that's nice. One Government job that I went for some years back, suit is even a must...so annoying Was it a finance related agency? But I am sure even CBN allows it. |
Jobs/Vacancies › Re: How Bad Is It, Going To An Interview With Native Wear? by dustydee: 3:25pm On Jun 12, 2015 |
Bflexing: For interview, they don't. They do, at least I know of NNPC. |
Crime › Re: 14 Year Old UK Student Stabs Nigerian Teacher, Arrested by dustydee(op): 3:06pm On Jun 12, 2015 |
What is this world turning to? |
Crime › 14 Year Old UK Student Stabs Nigerian Teacher, Arrested by dustydee(op): 3:06pm On Jun 12, 2015 |
A 14-year-old schoolboy has been arrested on suspicion of attempted murder after a teacher was stabbed in the stomach at a school in Bradford in an attack witnessed by other pupils.
Police say 50-year-old Vincent Uzomah, from Leeds, was stabbed during a science lesson just before 9am at Dixons Kings academy. He was taken to hospital but did not suffer internal bleeding and was said to be in a stable condition.
The boy immediately fled after the attack but was arrested in Bradford city centre on Thursday afternoon following a police appeal for information about his whereabouts.
It is understood that Uzomah is a supply teacher who had been with the school for a month.
“We have just arrested a 14-year-old male in connection with this offence and he is currently in custody on suspicion of attempted murder,” Det Supt Simon Atkinson of West Yorkshire police told reporters outside the school. The boy was arrested in Bradford city centre, he added, declining to say whether he was found alone or with someone else.
The teacher’s injuries were not life-threatening, and his family were with him in hospital, Atkinson said.
He said: “There were a number of pupils who witnessed this incident, which took place in a classroom, and they are currently liaising with our specially trained officers who are obviously supporting them at this difficult time.
“This is believed to be an isolated incident and the police are continuing inquiries to establish the facts. I would like to reassure residents and staff that all necessary resources are being deployed to investigate this ongoing and clearly serious incident.”
Advertisement
Officers were first called to the school by ambulance crews just before 9am on Thursday after reports of a teacher being attacked.
The school’s executive principal, Nick Weller, said the teacher, a man aged 50, had been stabbed in the stomach. A school statement said the teacher was in a stable condition in hospital, and that the stabbing had not caused internal bleeding.
Outside the school gates one pupil told the BBC he believed the incident had happened in a row over a mobile phone. The unnamed male student said the boy had refused to hand over his mobile phone to the teacher.
The student said the teacher concerned was polite and “never shouted”.
Weller said: “It happened right at the beginning of the school day. A few students witnessed it – in a classroom. Those students have been interviewed by the police.”
Asked if he knew where the teacher had been knifed, he said: “I think in the stomach area. We have a member of staff at the hospital.”
Weller said security measures would be examined. “Obviously we will review everything we do,” he said. “There are some things that happen that you can’t account for, that you can’t anticipate.”
The principal, Neil Miley, explained why the school had decided to remain open. He said: “Because I think it’s important that we make sure there’s consistency for our students, as students need to be safe and secure. And there’s support from staff on site, making sure our students are looked after, and they’ve responded with fantastic maturity.”
Parents arrived at the school following news of the incident but were turned away after being told their children were safe. Parents received a text message from the school saying it would close at the normal time of 3.30pm. An earlier statement had said there was “no ongoing risk” for pupils and staff.
The education secretary, Nicky Morgan, said her thoughts were with the injured teacher, his family and colleagues and pupils at the school. “My officials are currently in touch with the school and keeping me constantly updated on the situation and my department is ready and prepared to offer all necessary support,” she said. http://www.theguardian.com/uk-news/2015/jun/11/bradford-teacher-stabbing-14-year-old-boy-arrestedCc: lalasticlala |
Politics › Re: Fresh Trouble For David Mark As INEC Card Reader Detects More Ghost Voters by dustydee: 2:58pm On Jun 12, 2015 |
And how many of those ghost voters voted for Daniel? |
Jobs/Vacancies › Re: How Bad Is It, Going To An Interview With Native Wear? by dustydee: 2:43pm On Jun 12, 2015 |
It depends on the organisation. Most government organisations will allow it but some private companies may not. |
Foreign Affairs › Re: Nigeria, Others Consider Single Currency, Passport by dustydee: 1:32pm On Jun 12, 2015 |
End time things.  |
Travel › Re: Aed Oil Limited Australia Recruitment (scam Or Legitimate) by dustydee: 9:26pm On Jun 11, 2015 |
I didn't know they still do this type of scam. This one na old method nah. |
Politics › Re: UK Prime Minister Tweets About Nigeria.. See Snapshots. by dustydee: 11:06am On Jun 11, 2015 |
barcanista: New UK Unit Will fight Corruption and Boko Haram
I never knew that Nigeria has become an extension of the UK. The UK anti-corruption agency will be the one fighting corruption in NIGERIA, and their Military will fight BH(another Iraq). So what is the use of Buhari in power when the UK is to take care of our domestic issues? Nigerians should have been told that we are the newest British territory.
To think that paid APC trolls are hailing this is pathetic, and more pathetic that President Buhari saw no shame in retweeting it. And to think that your principal spent the best part of his 5 year reign trying to achieve what President Buhari achieved in less than 2 weeks in office speaks volumes. President GEJ practically begged the G8 to invite him for their summit a few years back without success while Pres. Buhari was invited even before he was sworn in as president. You don't have to oppose everything just because it is to the credit of the government, you should instead look out for the welfare of Nigerians. We wouldn't be in this mess if Pres. GEJ hadn't allowed Boko Haram to become powerful and entrenched in our country. |
Politics › Re: Three Things We Learnt From The National Assembly Leadership Elections Yesterday by dustydee: 3:29pm On Jun 10, 2015 |
Williamso: 1. Buhari may be a good leader, but he is a terrible politician: This goes without saying; playing completely neutral in who becomes the senate president when your party is in the majority? In a country like Nigeria? That is gross political ignorance. Two key tactics that make a great politician are the ability to lobby, and the ability to intervene. How is it possible that while everyone was lobbying for a preferred candidate, he chose not to intervene? That smacks of political naivety. One need not go too far to see how previous presidents were overtly lobbying for their preferred candidates for legislative leadership positions. We can only hope that his nonindulgence will not come back to haunt his presidency. (Although something tells me he had a hand in the emergence of the SP and the Speaker. Take that with a tablespoon of salt though ) You wan kill persin?  |
Christianity Etc › Re: Pastor Tunde Bakare Saw An Igbo Giant Pursuing Him In Dream - Sahara Reporters by dustydee: 2:01pm On Jun 10, 2015 |
Tunde Bakare - "I saw a giant in Igbo attire" Nairaland - "Tunde Bakare saw an Igbo giant." |
Politics › Re: Remy Tinubu Snubs Saraki At Swearing-in Of Pro-Lawan Senators - TheCable by dustydee: 1:45pm On Jun 10, 2015 |
handsomeclouds: what most of you don't realize is PMB will be our president for the next four years. Buhari's religion won't allow him do what you want us to spot. I'm not a fanatic, but I won't critisize others for their beliefs. Besides what has handshake got to do with good governance? What did the clueless one achieve despite all those he shook hands with round the world? he actually shook her hand and they thereafter posed for pictures. That guy is just being mischievous. |
Romance › Re: My Six Years Relationship Almost Crashing by dustydee: 11:34am On Jun 10, 2015 |
elijah24: I've been dating her for six years. 3 years ago i found out she was seeing someone else, but when i asked her she said she was going to stop seeing the guy immediately but till date she still goes to see the guy, sometimes even in the guy's school.
I am in my final year while she is in her 3rd year. The other guy is in his OND1.
i feel betrayed and wanna end the relationship but all her friends are begging me to give her time to put an end to the affair with the guy. She also begged me to pardon her that she will end it. My problem is i can't share my girl with someone else especially in this era of STDs and even HIV. I love her and anytime i ask her to stay away from me i fall sick after a day or two. Please guys and babes, i need sincere and genuine advice. I don't wanna act and regret later.
I am confused that's why i brought it to the house for good advice. Please pals help a bro that is helpless now But you are already sharing her with someone else so where did the "I can't" come from?  |
Politics › Re: Dr.reuben Abati Moves To Oxford's SAID Business School (photos) by dustydee: 8:31am On Jun 10, 2015*. Modified: 9:04am On Jun 10, 2015 |
One of those short courses offered by Oxford. You can attend one if you have about £18,000. |
Politics › Re: Saraki Becomes Senate President by dustydee: 10:44am On Jun 09, 2015 |
Ekweremadu?  |
Politics › Re: Saraki Becomes Senate President by dustydee: 10:39am On Jun 09, 2015 |
pls which channel can I watch proceedings on. |
Politics › Re: Saraki Becomes Senate President by dustydee: 10:37am On Jun 09, 2015 |
Congrats to him, I wonder how those that conducted the mock polls will look him in the eye. Has the National assembly been inaugurated? |
Politics › Re: Emir Sanusi Takes 17-year-old As Fourth Wife by dustydee: 10:07am On Jun 09, 2015 |
Fresh blood. |
Politics › Re: Security Operatives Block Nass Gates, Stop Entrance By Staff, Press, Others by dustydee: 9:09am On Jun 09, 2015 |
Called off? Certainly not, that will be an own goal by the APC. The National Assembly belongs to Nigeria and Nigerians not a political party. |
Health › Re: Fake Drugs Alert: Nairalanders/nigerians Beware. by dustydee: 8:31pm On Jun 08, 2015 |
jomoh: On the 24 of May I went to a local chemist to buy Lumertem an ani malaria drug to use. I had been feeling feverish since arriving from Abuja on a night journey the previous day.
When I got home, I settled down to take the four prescribed tablets as the first dosage. After plucking out the tablets from the sachet, I decided to check the verification pin on the container. So I scratched the card and sent the pin to the short code provided, only to receive a message saying "the code was a valid code but was used on 2015-3-26 at 21:42:31 by 2348****32184".
So Nairalanders, beware and inform your Family members to always confirm the code before taking those drugs. Its free to confirm. No charges.
See the pictures below.
Will get back with a clearer picture of the code on the box. Did you return it to the pharmacy? |
Crime › Re: Evangelist Kills Herself Because Her Husband Couldn't Satisfy Her In Bed by dustydee: 4:30pm On Jun 08, 2015 |
Hmmn! Did she kill herself or was she killed. Her death needs to be investigated. |
Politics › Re: Soldiers In Gun Battle With Boko Haram Suspects In Kaduna by dustydee: 4:21pm On Jun 08, 2015 |
loomer: House condoned, one soldier killed, suspects escaped, wives arrested.
Funny story Me too tire o! How did they escape if the house was cordoned off? Did they use a chopper? |
Politics › Re: Meet President Buhari's Personal Photographer, Bayo Omoboriowo by dustydee: 12:03pm On Jun 08, 2015 |
Congrats to him. I think he needs to work on his skills as some of the pictures I have seen aren't crystal clear. May be the way the camera focus is set or the camera lens itself. |
Politics › Re: Vindication For Barcanista: The Real Reason APC Hate Me (pix) by dustydee: 8:33am On Jun 08, 2015 |
Barcanista - Feeling like a don. |
Politics › Re: Oil Traders, NNPC Officials Interrogated, Watch-listed In Major Investigation by dustydee(op): 7:07am On Jun 08, 2015 |
jorlons: I'm glad we are gradually recovering our monies. This administration is not fully settled yet we're beginning to see changes. NNPC and her subsidiaries have defrauded us through my shady deals/contracts with alien companies known only to them.
PMB is yet to fully settle and we can see sanitation process already taking place in the petroleum sector. I'm expecting more recoveries to be made in the coming months.
It's also great to see EFCC has re-awakened to its responsibility lately.
Lastly, what da phuck is Maryln Ogar still doing at DSS  Nothing recovered yet, I hope they refund any excess money owed the government. Cc lalasticlala |
Politics › Re: Photos: Hajia Aisha Buhari Hosts Adamawa Women by dustydee: 10:01pm On Jun 07, 2015 |
Beautiful women. |
Politics › Re: Aisha Buhari Hosted Some Guests From Adamawa At The Defence House (Photos) by dustydee: 10:00pm On Jun 07, 2015 |
Beautiful women. |
Politics › Re: Meet Woman Who Sing And Play For Boko Haram Members by dustydee: 9:14pm On Jun 07, 2015 |
Tiger in African forest? Mama haba! |
Politics › Re: Oil Traders, NNPC Officials Interrogated, Watch-listed In Major Investigation by dustydee(op): 6:54pm On Jun 07, 2015*. Modified: 9:07pm On Jun 07, 2015 |
CONTINUED . . . This means that if Sahara or Aiteo default or under-deliver the products specified under their agreements, NNPC can cash the LC to recover its money.
They also informed investigators that under the OPA, a reconciliation process takes between the trading firms and NNPC every quarter to verify the quantity of Premium Motor Spirit (PMS, better known as petrol) that has been imported on behalf of the corporation or PPMC and retained products that had not been supplied which they pay for in cash.
The retained products are the derivatives or byproducts that are produced during the refining process.
Based on the last reconciliation undertaken in April this year, the source revealed, it was ascertained that NNPC owed Sahara Energy some $171 million for crude oil that it had not yet lifted but for which products were supplied.
At the same time when NNPC had an OPA with SIR, Sahara admitted it owed the corporation about $20 million which was paid to NNPC on June 1 following the reconciliation that began on March 31st.
In his petition as an oil industry whistleblower, Otedola may have also asked the DSS to invite the oil traders and further asked the security agency to investigate the crude oil lifting carried out by Atlantic Energy Drilling Concept Limited and Septa Energy, founded by Jide Omokore and his partner Kola Aluko, under the controversial Strategic Alliance Agreement (SAA) their firms had with NNPC’s exploration and production subsidiary, Nigerian Petroleum Development Company (NPDC).
The petition wants both firms and their founder/directors investigated for lifting NPDC’s crude oil over a three-year period but failing to remit the proceeds, taxes and royalty to the government treasury.
Their petition was said to have been expanded to include the probe of officials of NNPC, namely: Managing Director of NPDC, Mr. Tony Moneke; Executive Director, Commercial, PPMC Mr. Frank Amego; Group General Manager, Crude Oil Marketing Division, Mr. Gbenga Komolafe; and former MD of NPDC and later NNPC Group Executive Director, E&P, Mr. Abiye Membere, who was relieved of his position in March last year by former President Jonathan.
It went further to state that the probe would uncover a lot of shady deals in the oil and gas sector through which DSS could make recoveries totalling $25 billion on behalf of the federal government which is in dire need of the cash.
Although Otedola has denied to THISDAY that they were behind the petition to DSS, Presidency sources say that it was President Buhari who issued the directive to the DSS to investigate the swaps and OPAs, but the oil traders under probe are insisting that Otedola backed by Dangote was behind the petition to get business advantage as he was frozen out during the Jonathan years by then Minister Alison Madueke.
Further findings by THISDAY showed that since the DSS swept into action in the last two weeks, it has sent the names of the traders and NNPC officials to all exits points from Nigeria to prevent them from travelling and in some instances directed that their travel passports be seized and indeed has started to make substantial progress as some $115 million USD may have been recovered from Talevaras and 2 shiploads of petroleum products from Aiteo - which Aiteo officials said were already on the way to Nigeria as part of their contractual obligations. Officials also say the DSS may have also secured confessions from Ontario for between $800 million and $1.2 billion USD which it hopes to recover in the next few weeks. No official of Ontario could be reached at press time.
In this regard, Sanomi of Taleveras, who was said to have returned from Dubai last week had his passport seized but it was later returned to him following his interrogation and full cooperation.
THISDAY was informed that he was directed to report to the Director General of DSS, Ita Ekpenyong, but has received no formal invitation from the security agency to date.
However, those who have been invited, quizzed and given administrative bail by the DSS include Komolafe, Moneke, Amego and Membere.
In the course of interrogation, it was learnt that Moneke was alleged to have made a confessional statement on the quantity of crude oil lifted by Atlantic Energy/Septa amounting to $3.9 billion.
Membere, THISDAY confirmed, was in Texas, United States of America, when the DSS probe and clampdown began, but responded to the agency’s invitation when contacted by flying back to Abuja on Friday.
A source said he was at the DSS headquarters on Friday but was not compelled to relinquish his passport.
When contacted by THISDAY, Membere confirmed that he was invited last week while in the US and immediately flew back to Abuja to meet with its officials.
He however found it bizarre that one of his successors at NPDC had made a confessional statement alleging that crude oil amounting to $3.9 billion was lifted by Atlantic Energy/Septa under the SAA.
He said: “This is not possible because NPDC was not making that kind of money annually. “By the time I left as GED E&P, NPDC’s crude output had peaked at some 150,000bpd from its legacy oil assets and those oil blocks that NNPC transferred to it after Shell and its partners had divested their stake in a number of oil fields to Nigerian oil firms.
“If we factor the old legacy Oil Mining Leases 111, 119 and others, which NPDC owns 100 per cent and were producing up to 60,000bpd, then the Seplat blocks producing another 60,000bpd that NPDC partly owns, plus those held partly by Neconde, ND Western Nigeria Limited and Afren, we would be talking of about 150,000bpd. So where could the $3.9 billion have come from?” he asked.
Membere said a lot of these figures that are thrown up in the air stemmed from ignorance and are contrived to unsettle select companies and individuals in the sector. Indeed a legal officer of Atlantic energy says they have not lifter crude in almost 2 years and have been reconciling their position with NPDC. And whatever is owed in their last lifting rounds will be paid off once the reconciliation is signed of as there is no cause for alarm by naysayers.
When contacted at the weekend on the probe, DSS spokesperson Ms Marilyn Oga confirmed that an investigation of transactions in the oil sector was ongoing but was non-specific on the nature of the probe.
She also confirmed that the DSS had received a confessional statement from one of those invited that over $3 billion in crude oil was lifted.
She however refused to divulge who made the confession and in what context the oil lifting took place.
When asked why the DSS had taken over the probe from EFCC and if it had the mandate to do so, she quoted Instrument SSS 1 of 1999 made pursuant to the provisions of Section 6 of National Security Agencies (NSA) Act LFN 1990, stating the major objective of the SSS is to protect and preserve Nigeria’s internal security and economy against acts of subversion, sabotage and other threats to the stability of Nigeria,
“The SSS shall in pursuance of its roles set out in Section 1 of this instrument perform the following functions: (i) prevention, detection and investigation of (a) threat of espionage; (b) threat of subversion; (c) threat of sabotage; (d) economic crimes of national security dimension; (e) terrorist activities; (f) separatist agitations and inter-group conflicts, e.g. threats to law and order,” the Act states.
Also, an intelligence source informed THISDAY that the probe by the DSS had started to yield results, as the oil traders had started to rush in cargoes of petroleum products for fear of being indicted by the security agency.
The source said though the recoveries may not be in the form of cash, the cargoes that were being imported with alacrity could also be considered monetary in nature, which the traders would have been forced to refund to the federal government.
He said it is these cargoes that were being brought into Nigeria and discharged at the product depots that have helped to some extent to bridge the fuel supply gap caused by the non-importation of fuel by other oil marketers who had stopped importing over the non-issuance of second quarter import allocations by PPPRA and uncertainty over the payment of their outstanding subsidy claim. SOURCE: http://www.thisdaylive.com/articles/oil-traders-nnpc-officials-interrogated-watch-listed-in-major-investigation/211388/Cc lalasticlala |
Politics › Oil Traders, NNPC Officials Interrogated, Watch-listed In Major Investigation by dustydee(op): 6:54pm On Jun 07, 2015 |
Millions in USD, petroleum products being recovered By Ijeoma Nwogwugwu
A major investigation is underway in the oil and gas sector as the Economic and Financial Crimes Commission (EFCC) and The Department of State Security (DSS) are investigating the crude oil swap programme and the Offshore Processing Agreements (OPAs) involving the Nigerian National Petroleum Corporation (NNPC) and some local oil and gas companies.
The probe, which started at EFCC is also being looked at by the DSS in the last two weeks, has led to the interrogation, arrest, watch-listing and seizure of international passports of some NNPC officials and oil trading firms by the DSS. Those affected include Aiteo founded by Mr. Benny Peters, Sahara Energy founded by Tonye Cole, Tope Sonubi and Ade Odunsi; Ontario Oil & Gas founded by Walter Wagbatsoma; Taleveras founded by Mr. Igho Sanomi. NNPC officials being questioned and watch listed include Managing Director of NPDC, Mr. Tony Moneke; Executive Director, Commercial, PPMC Mr. Frank Amego; Group General Manager, Crude Oil Marketing Division, Mr. Gbenga Komolafe; and former MD of NPDC and later NNPC Group Executive Director, E&P, Mr. Abiye Membere.
Whereas Sahara Energy and Aiteo handled the OPAs, Taleveras, Ontario, international commodity trader Trafigura, and again Aiteo got crude oil allocations under the swap programme.
In a letter dated May 18, 2015, Alison-Madueke had, with the approval of former President Goodluck Jonathan, written to the EFCC requesting that it looked into the Swaps/OPAs "in order to clarify the status of crude oil allocations to the trading firms and the petroleum products that had imported into the country on behalf of NNPC’s product distribution subsidiary – Pipelines & Products Marketing Company."
In an exclusive interview with THISDAY held in the United Kingdom on the eve of the Buhari Inauguration, the minister explained that she had written the petition just before her departure from office in order to clarify the situation on the oil swaps and OPAs.
She said: “In view of the negativities and various issues raised in the media on the swaps/OPAs, I had written to EFCC, with the former president’s approval about four weeks ago, to look into the swap/OPAs in order to clarify the actual situation.” But Alison Madueke's letter may have been seized upon by the Chairman of Forte Oil Plc., Mr Femi Otedola, who, enjoying the backing of President of Dangote Group, Alhaji Aliko Dangote, may have brought the issues to the attention of President Muhammadu Buhari who immediately asked the DSS to "also look into the matter".
The crude oil swaps refer to NNPC’s allocation of a certain quantity, usually about 50 per cent, of its domestic crude oil of 445,000 barrels per day (bpd) to oil traders, who in turn sell the crude oil in the international market and import petroleum products, including derivatives or byproducts, on behalf of NNPC and/or PPMC for onward sale and distribution in the country.
The outstanding quantity of crude oil that is not allocated to oil traders is moved to NNPC’s four refineries for local refining. Depending on NNPC’s importation requirements and the grade of crude that is allocated, the derivatives or byproducts include kerosene, Jet A1 (aviation fuel), naphta, low pour fuel oil (LPFO), bitumen, and so on.
The crude oil swap programme has been in place for more than two decades and was precipitated by NNPC’s inability to refine and meet Nigeria’s fuel product requirements.
The OPAs, on the other hand, predate the swaps and first came into being when President Muhammadu Buhari superintended the oil and gas industry as Petroleum Minister between 1976 and 1979.
The OPAs entail the allocation of crude oil by NNPC to the oil traders, which in turn ship the crude oil to offshore refineries, usually in neigbouring West African countries, and the refined petroleum products, including derivatives or byproducts, are imported by the same traders into the country on behalf of PPMC.
However, the swaps and OPAs, in recent years, have been riddled with allegations that the Nigerian oil traders which got the crude oil allocations from NNPC were defaulting on their obligations to the corporation by not supplying either all of the petroleum products or part of the products in accordance with their contracts.
It was on this basis that Alison-Madueke had written the EFCC requesting that it investigates the swaps and OPAs with a view to ascertaining the true position of things.
THISDAY learnt that on getting the petition, EFCC swung into action by inviting the affected companies and their directors/officials.
Whereas Sahara Energy and Aiteo handled the OPAs, Taleveras, Ontario, international commodity trader Trafigura, and again Aiteo got crude oil allocations under the swap programme.
Sources informed THISDAY that when the companies were invited by EFCC, they explained to the commission that any concerns that may have arisen on the under-delivery of petroleum products were unfounded and that in the nature of such oil transactions under-delivery and over delivery were the norm such that there is always need for reconciliation. In the case of Sahara, such reconciliation was ongoing especially and their year-end was March 31 and they needed to close their books.
Backed by documentation, Sahara Energy officials were said to have informed EFCC and DSS that NNPC had first entered into an OPA directly with Société Ivoirienne de Raffinage (SIR), a refinery based in Cote d’Ivoire, in which Sahara has a stake, in 2009, following a tender process that was preceded by an advertisement in The Guardian Newspaper on November 17, 2008.
Under the OPA, Sahara Energy was said to have acted as the intermediary between NNPC and SIR and lifted about two vessels of crude oil (63,000bpd) monthly to the Ivorian refinery. At the expiration of the OPA with SIR, NNPC signed new OPAs with Sahara Energy and Aiteo in January this year, and each firm was allocated 90,000bpd to ship the crude oil directly to refineries, and in turn import petroleum products into Nigeria.
A source close to Sahara Energy added that the current OPA it has is fortified by a revolving Letter of Credit (LC) opened by a foreign bank to cover the quantity of crude that is lifted by the firm in the event of a default. |