Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,889 members, 7,817,614 topics. Date: Saturday, 04 May 2024 at 03:34 PM

Emmog25's Posts

Nairaland Forum / Emmog25's Profile / Emmog25's Posts

(1) (2) (of 2 pages)

Literature / Re: What Is The Best Story You Have Read On Nairaland? by emmog25: 11:01pm On Jan 10, 2014
My Experience At Ikoyi Prison With Inmates And Warders- by Experimentist.

Very real and original...

https://www.nairaland.com/1546700/experience-ikoyi-prison-inmates-warders

1 Like

Romance / Re: Tired Of This Relationship by emmog25: 10:06pm On Jan 10, 2014
Guyz this guy is a big fool! He talks like a baby.... And I think he is fake aswell... Must you tell her you started a thread because of her? Jeez! And why can't you pretend to beg her and whenever she comes to your houz you get the Car keys from her! I think you are just wasting people's time here.. You are fake or u re not matured enough to handle situations.

It's annoying that I even have to comment on this fake thread sef!
Romance / Re: The Worst Response To 'I Love You'? by emmog25: 1:07pm On Jan 10, 2014
I told her "I love you"
And she replied : "I love you, but God loves you more!" undecided

1 Like

Religion / Re: "How Large Was Noah's Ark?" by emmog25: 11:07am On Jan 08, 2014
Mr Aboki:



No..

The real problem with Man is that we still have humans like you who still are afraid to push the boundaries.. angry Ask questions, test Logic, etc..

How can you believe all those ridiculous stories in the Bible (which you subconciously know that they are far-fetched) without questioning them. Now if I were God, the people who will go to hell are those who failed to seek knowledge.

God.. You dont even know what that is. All you know is that you have been told about the existence of a heavenly plain with winged Angels soaring around in white robes, a God with a Son and no wife and then the Holy Spirit who I still dont understand his role. You rely on religous manuscripts allegedly written by people who existed in a time when Malaria was a killer disease and the inventor of the Abacus would have been stoned. You are quick to swallow hook line and sinker the stories in the bible without even bothering to use the Sense that God has given you to ponder on them.

Your playstation Analogy is re:tarded. I know Sony. Sony is real not imagined or read up in a book. Sony is still present and keeps updating the Playstation to match the present times. The most recent book of the Bible is still older than 1000 years.

The day you conciously start using the brains that 'GOD' has given you, thats the day you would be free from bondage. The day you can read the story of Job and see it as God & Satan playing Ludo with a Humans life, then you will be free.. The day you read the Noah story and see that even if by chance that was ture, it was Genocide, then you will be emancipated, The day you look at the Bible and see it as an Isreali/Jewish package that has little regard for Blacks & Africa, then your salvation would have started.


Even God sef no fit believe that a 600 year old Man could have built an Ark.. angry

If I told you a story about my fore-fathers how Elder Aboki in 1400 B.C at the age of 500 years old impregnanted a Woman, you would say I am lying. If that same story were in the Bible, You would put your hands on it and be praying with it.. grin

Now what is the Problem with Mankind again?! angry

Jesus! So surprised that Mankind can type this?! You've obviously doubt the existence of God.. I plea the Grace of God, wisdom,knowlegde and understanding on you.

Irony of everything is people like you still live longer, as God want it.

1 Like

Business / Re: 2 Business Partners Needed [finance] For A Sure Stable Profit by emmog25: 9:44pm On Jan 07, 2014
Hmmm...well if it is worth the risk.. Email me I could be intrested. Send the email thru my NL channel.

Regards
Politics / Re: Stella Oduah Lied About Her MBA Degree - Sahara Reporters by emmog25: 10:40am On Jan 07, 2014
superstar1:

Other media houses should take up the challenge and investigate others too.

With that, the media houses will be doing their bit in fighting corruption and making our society a better place, bro.

99 likes...
Politics / Re: Stella Oduah Lied About Her MBA Degree - Sahara Reporters by emmog25: 10:29am On Jan 07, 2014
superstar1:

so, because someone is sponsoring SR against her, we should overlook her fraudulent act?

Was it the sponsor or SR that planted the dubious MBA from Jupiter in her CV?

Na wa for you o.

Sorry bro I'm not in support of her fruadulent acts, it's just funny how she is been singled out(victim of politics you'll say). There are many of her likes and worse than she is, that they should also investigate.. Like I said earlier.. #Justbeingrational.
Politics / Re: Stella Oduah Lied About Her MBA Degree - Sahara Reporters by emmog25: 10:18am On Jan 07, 2014
waleadex: Oops! I have a feeling this post will generate serious 'HEAT' soon. But why Stella again?


And the 'HEAT' is on.......(Modified)


Really, the question is "why sahararepoter again?".. To think they exposed her at first and nothing was done, and now on her case again? Smell something fishy..(Someone is really sponsoring her downfall) #justbeingrational

2 Likes

Career / Re: Help!!!! Globacom Is Being Messed Up... by emmog25: 3:52pm On Jan 04, 2014
ocelot2006:

You've got to be kidding me. The young man poured his heart out about his experience working with GLO, but the first thing you do is criticise his write up? Really?

Forgive me, but seriously, put yourself in the position of receiving this note from a staff in your organization(and you being the head of adminstration). After all said and done the vivid thing the op kept ranting against was 70/30, which could be a normal thing in sales dept of most organizations. And the rest thus goes as blah bla without a summary of any pictured events (that can bringout an evidence).

All I'm saying is the op should do better in his complaint in future.

Abeg make I no bore u with my writeup o jare!
I'm just viewing the note from a PR angle.
Career / Re: Help!!!! Globacom Is Being Messed Up... by emmog25: 9:44pm On Jan 03, 2014
My friend in as much as I would have love to sympathize with you, Your note lack details and its more of pained sentiment. No wonder glo is doing badly(with this kind of construction). I'm weeping deeply for glo for your kind of staff. Pls write better next time (otherwise we will report you to glo to review your pay to 30:70)

For globacom, I think the company lack innovations, maybe because it's a family oriented coy, little wonder why it's been run like my country Nigeria (where life is about "chop I Chop"wink. Though, it is obvious globacom days are numbered(I would have love to give more cogent insights, but for my tiny typing keys).

Well for me, I can only wish glo and all her staff best of Time.

1 Like

Sports / Nigeria Name Final Squad For 2014 CHAN by emmog25: 10:42am On Jan 02, 2014
Abuja — Nigeria have named U-17 international Dele Alampasu on the country's final squad for the 2014 CHAN in South Africa.
Alampasu was voted the best goalkeeper at the FIFA U17 World Cup in the United Arab Emirates in November and he will be third-choice at the tournament reserved for players featuring in their local leagues.
As expected, 2013 Africa Cup of Nations star Sunday Mba was left out of the 23-man squad after he returned to try his luck again with French second division club CA Bastia

Goalkeeper Chigozie Agbim will lead the team in South Africa and the squad will include Azubuike Egwuekwe, Solomon Kwambe and Benjamin Francis, who have been capped by Nigeria at full international level.
However, Gambo Mohammed and Yinka Adedeji have been left out as they recover from hamstring injuries.
Nigeria will begin their CHAN campaign on January 11 in Cape Town against Mali.
They are drawn in Group A along with hosts South Africa and Mozambique.
The final squad:
Goalkeepers: Chigozie Agbim (Enugu Rangers), Daniel Akpeyi (Heartland), Dele Alampasu (Abuja Football College)
Defenders: Solomon Kwambe (Sunshine Stars); Francis Benjamin (Heartland), Azubuike Egwuekwe (Warri Wolves), Kunle Odunlami (Sunshine Stars), Ikechukwu Gabriel (Bayelsa United), Umar Zango (Kano Pillars), Bright Esieme (Enyimba), Erhun Obanor (Insurance FC)
Midfielders: Ugonna Uzochukwu (Enugu Rangers), Rabiu Ali (Kano Pillars), Christian Pyagbara (Sharks), Ikenna Hilary (Sunshine Stars), Abdullahi Shehu (Kano Pillars), Joshua Obaje (Warri Wolves)
Forwards: Ejike Uzoenyi (Enugu Rangers), Gbolahan Salami (Shooting Stars), Barnabas Imenger (Lobi Stars), Aliyu Ibrahim (Nasarawa United), Christian Obiozor (Enugu Rangers), Ifeanyi Ede (Enyimba)

Source- AFP
Politics / Re: Is Ebonyi No Longer Part Of Nigeria? by emmog25: 8:59am On Dec 31, 2013
mascot87:
Lol
I served in that state and I can tell you that their is nothing to report about that state.They are living in stone age and the funny part of it is that with the number of people i spoke to their, they seem to feel comfortable with whatever they get good or bad and they don't complain.They don't insult their leaders and they believe that even if their governor is not performing well, God will give them someday someone that will perform well.I remember the Ezza, Ezilo,Ameka,Ameri, ikwo people.They don't bother about anything,they just live their life and peacefully.If you hear Enugu people say "you this Abakaliki man" it's an insult o,it mean say you be mumu.They believe Abakaliki people too mumu.Abeg free them jorr,they are in a world of their own


Are u a graduate for real? ... scared as I was reading... #Jesussaveournation.

3 Likes

Romance / Re: Best Looking Nairaland Couples 2013! by emmog25: 8:51am On Dec 21, 2013
Loving her all the way wink

34 Likes

Nairaland / General / Re: My Experience At Ikoyi Prison With Inmates And Warders by emmog25: 5:41am On Dec 10, 2013
experimentist: "Hahahaha! Wetin you go find for that place na" yahaya and sunday inquired as they were busy laughing at me.. "I wan go see my friend wey be warder na" I replied. "Aaah, you wan go c warder?! You no know say dem go think say u wan escape?" Yahaya said. "And if dem c u dey talk to warder anyhow dem lock una 2 for single cell...dem go think say wether he wan help u escape" Sunday added. "How I go take escape for this kain maximum security with high fences like dis? Abi dem think say I be michael scofield?" I said angrily and they all laughed. We decided to take a stroll, while we were strolling I saw another dude that I know from the hood again. Iman. I was so surprised. Iman is a son of a warder but his a thug life nigga. He runs with the baddest boys on the street. I asked him why he was here he said he did a deal at his work place and the thing was unsuccessful. I asked him how much deal, he said it's 70k and I was disappointed. How could you risk going to prison for jst 70k! I wondered. He said he has been on awaiting trial for 4 months shocked I just pitied him. I found out that my own situation is even good. At a point I feel that it's good I was here, maybe God wants me to come and experience how life is going in here but I also prayed for God not let me enter this miserable place ever again in my life.

Iman has been a very bad boy! He knows every nooks and crannies of the yard. He knows d rules. The dos and don'ts. "Skul come make we go show u Sir K cell." Iman said. "Who be sir k na" I asked anxiously . "U no knw sir k again? Dat guy wey dey sell igboh for road side." He explained. "So u mean say baba k dey for yard? Na wa o, na full house dey here be dat oh!." I said as we walk down to to area where the main convicts were been locked down. We walked pass a mosque where I saw some chinese prisoners. I also saw one iranian guy around. I concluded he was the iranian dude who was caught trying to smuggle some weapons into the country. I also ask and they told me he was arrested recently in connection with weapon deals. The whole story thing happened last year's Ramadan (fasting period). I think it should be around september or so I can't remember right now. We went straight down where there's a whole lot of convicts. They're putting on their normal blue uniform. Many of them are doing one business or the other inside. Some sell provisions, some do shoe-shinning/repairing, some nail cuting, others are dry cleaning etc. We reached the end of the block where I saw a guy making stoves using cans. I stopped and watched as he busy doing his tins. I even prize the stoves I forgot their prizes but the biggest one is around #1500 or plus. We also saw some VIP cells that are well furnished. If you have the money you can pay to serve you terms in one of the luxury cell rooms in federal palace hotel.

We later saw sir k he shouted when he saw me. "Ah! Fine boy, wetin carry come here? werey, abi u come buy state beans?" He said jokingly. "U dey mad, na u go come buy state beans. U wey be say u don collect jersey" I fired at him. "Wa abi oloshi ne ye, ofe ki won fun e ni igbe je ni?" (Meaning: "u are a bastard, I wil tel bois to feed u on poo"wink. He said wit a sudden frown on his face. "Guy cool down no be play I follow u play.. Omo how far I dey even hungry sef." I complained and codedly changed d subject. Just when I said I'm hungry "gbagaun, gbagaun, gbagaun, gbagaun" the bell keeps ringing. That means everybody must go back into the cell. The break is for only one hour twenty minutes. "Make una quick gather money buy indomie make I go cook am for una inside my cell. I go bring am come giv una for inside una cell." Iman suggested. "How u wan tek comot for cell after dem don lock cell?" I asked scepticaly. "Dem dis one get out for here oh, e be like u no knw as e dey go" AA lectured me. "Ok oya na make we contribute, I get 2 H" I dropped 200 naira out of my 500 naira, I'm left with a balance of 300 naira wit me. Everyone contributed and we all handed the money to Iman and left before a warder will come a chase us wit a koboko.


OMG! Your narration is just too explicit.. And If you don't mind I could sponsor the book. You can contact me via the nairaland email channel.

All the best.

1 Like

Nairaland / General / Re: My Experience At Ikoyi Prison With Inmates And Warders by emmog25: 5:41am On Dec 10, 2013
experimentist: "Hahahaha! Wetin you go find for that place na" yahaya and sunday inquired as they were busy laughing at me.. "I wan go see my friend wey be warder na" I replied. "Aaah, you wan go c warder?! You no know say dem go think say u wan escape?" Yahaya said. "And if dem c u dey talk to warder anyhow dem lock una 2 for single cell...dem go think say wether he wan help u escape" Sunday added. "How I go take escape for this kain maximum security with high fences like dis? Abi dem think say I be michael scofield?" I said angrily and they all laughed. We decided to take a stroll, while we were strolling I saw another dude that I know from the hood again. Iman. I was so surprised. Iman is a son of a warder but his a thug life nigga. He runs with the baddest boys on the street. I asked him why he was here he said he did a deal at his work place and the thing was unsuccessful. I asked him how much deal, he said it's 70k and I was disappointed. How could you risk going to prison for jst 70k! I wondered. He said he has been on awaiting trial for 4 months shocked I just pitied him. I found out that my own situation is even good. At a point I feel that it's good I was here, maybe God wants me to come and experience how life is going in here but I also prayed for God not let me enter this miserable place ever again in my life.

Iman has been a very bad boy! He knows every nooks and crannies of the yard. He knows d rules. The dos and don'ts. "Skul come make we go show u Sir K cell." Iman said. "Who be sir k na" I asked anxiously . "U no knw sir k again? Dat guy wey dey sell igboh for road side." He explained. "So u mean say baba k dey for yard? Na wa o, na full house dey here be dat oh!." I said as we walk down to to area where the main convicts were been locked down. We walked pass a mosque where I saw some chinese prisoners. I also saw one iranian guy around. I concluded he was the iranian dude who was caught trying to smuggle some weapons into the country. I also ask and they told me he was arrested recently in connection with weapon deals. The whole story thing happened last year's Ramadan (fasting period). I think it should be around september or so I can't remember right now. We went straight down where there's a whole lot of convicts. They're putting on their normal blue uniform. Many of them are doing one business or the other inside. Some sell provisions, some do shoe-shinning/repairing, some nail cuting, others are dry cleaning etc. We reached the end of the block where I saw a guy making stoves using cans. I stopped and watched as he busy doing his tins. I even prize the stoves I forgot their prizes but the biggest one is around #1500 or plus. We also saw some VIP cells that are well furnished. If you have the money you can pay to serve you terms in one of the luxury cell rooms in federal palace hotel.

We later saw sir k he shouted when he saw me. "Ah! Fine boy, wetin carry come here? werey, abi u come buy state beans?" He said jokingly. "U dey mad, na u go come buy state beans. U wey be say u don collect jersey" I fired at him. "Wa abi oloshi ne ye, ofe ki won fun e ni igbe je ni?" (Meaning: "u are a bastard, I wil tel bois to feed u on poo"wink. He said wit a sudden frown on his face. "Guy cool down no be play I follow u play.. Omo how far I dey even hungry sef." I complained and codedly changed d subject. Just when I said I'm hungry "gbagaun, gbagaun, gbagaun, gbagaun" the bell keeps ringing. That means everybody must go back into the cell. The break is for only one hour twenty minutes. "Make una quick gather money buy indomie make I go cook am for una inside my cell. I go bring am come giv una for inside una cell." Iman suggested. "How u wan tek comot for cell after dem don lock cell?" I asked scepticaly. "Dem dis one get out for here oh, e be like u no knw as e dey go" AA lectured me. "Ok oya na make we contribute, I get 2 H" I dropped 200 naira out of my 500 naira, I'm left with a balance of 300 naira wit me. Everyone contributed and we all handed the money to Iman and left before a warder will come a chase us wit a koboko.


OMG! Your narration is just too explicit.. And If you don't mind I could sponsor the book. You can contact me via the nairaland email channel.

All the best.

2 Likes

Technology Market / Re: Igando, Ikotun, Idimu And Egbeda Swap Ur Fones Here Asap... by emmog25: 10:59am On Dec 07, 2013
mikkyokilo: want to sell my PlayStation 3 260GB, already hacked with games and videos plus 2 pads, a dualshock 3 pad, for 35k interested call 08177634209. Thanks
Celebrities / Re: Unknown Facts About Some Nigerian Celebrities by emmog25: 10:19am On Dec 05, 2013
IAMBREEZY: it's olamide not olumide kisskisskiss
@topic
also do you know i change singlet and boxer every 2 days.

Every 2days? Jeeeez! That is very dirty of you.. Please work on yourself.
Celebrities / Re: Unknown Facts About Some Nigerian Celebrities by emmog25: 10:09am On Dec 05, 2013
~Bluetooth:


Wrong

Goldie came back from Grammy when she died !


Read to understand! Actress not musician. Gbam!!
Phones / Re: What Will You Miss About Blackberry by emmog25: 6:09pm On Dec 02, 2013
[quote author=okeyximo]guy just believe that bb is dead..android is far much more better..(i use to be a die hard fan of bb.)..in terms of flexibility, speed, personalisation,durability, cost,etc...android is far much more better...tecno brought me into d world of android... so i still respect that company..lets just tell ourselves d truth, android is just here to stay..the earlier u learn that d better for u..sometimes android just behave like PC...as for cost of browsing one cheat or d other is always there to help us out(last month i browsed free throughout!!! downloading files of abt 15gig at zero cost..
my advice to u is to swallow ur pride and get
ur self an android no matter d make...[/quot

Nice one sir, it obvious android has loads to offer than BB. But if you are regular Internet User, BB is still the best. Like I said, I've a G.Tab. So I knw what I'm saying.
Phones / Re: What Will You Miss About Blackberry by emmog25: 4:55pm On Dec 02, 2013
Gabriel_sylar: Blackberry was,is and will forever be more fashionable than tecno....am disgusted the way people carry 15k tecno up and down,parties,receptions,churches and thinking they ve arrived...bold 2 is still better in terms of speed of responce,email,msg thathe bleeping techno panties aka phantom....that's why u can't find mechanics using blackberry cos they know d phone is NOT their level


Brotherly, leave them o.. They just want to bury BB "byforce" na wa o.. Sorry we also use android(galaxy tab). But BB. Is still more effecient as far as 9ja economy is concerned.
*Torch 2 and BOLD 5 still remain BB's best product.

And pls stop using techno to compare any make. When u Mention Techno, pls mention Itel,solo.. Can u see ... Class?
Romance / Re: Guys, How Many Times Do You Get 'hit On' In A Year? by emmog25: 6:32pm On Nov 29, 2013
Seriously... I can't count.... Ladiessss they so love where honey flows... #lipsealedanyway...

Please guys alwayz remember HIV and STDs no be paly o.
Politics / Re: Commonly Used Phrases In Defense Of GEJ On Social Media by emmog25: 12:39pm On Nov 28, 2013
mumumugu: A thread opened by another anti -goodluck.

No matter what you say, goodluck for president 2015


Another phrase! Lmao!!
Health / Re: A Thread For Those Suffering From Depression Or Anxiety Disorders by emmog25: 3:03pm On Nov 20, 2013
Hmmmm this is interesting... The truth is every living being feel depressed, and sometime contemplate sucide. People I want you to know that you are stronger than nature if you can see the inner you... U'll will defeat depression. Jst try and look inwradly... Don't let uncertainty end your life... The most successful person on earth is also scared abt 2mao (because it is so uncertain).
Sports / Re: Amazing Super Eagles Jersey created by Nairalander for BRAZIL 2014 by emmog25: 8:03am On Nov 14, 2013
Give me ur email...I can pass it across. Thanks.

1 Like

Business / Nnpc Oil Marketers And Swiss Oil Dealers Rob Nigeria Of Billions Of Dollars by emmog25: 11:49am On Nov 08, 2013
A report has detailed how the Nigerian National Petroleum Corporation, NNPC, in cohort with major Swiss oil trading companies, is draining Nigeria of billions of dollars of revenue through the sale of crude oil below the market value.
The report, titled Swiss Traders’ Opaque Deals in Nigerian, released on Monday by Swiss non-governmental advocacy organisation, the Berne Declaration, also described the schemes employed by Nigerian and foreign fuel importers, such as creating offshore subsidiaries referred to as “letterbox companies”, ship-to-ship transfer to create untraceable paperwork, payment of subsidy money to phantom and non-existing importers, and partnering with politically exposed fraudsters to defraud the country over $6.8 billion from 2009 and 2011.
Berne Declaration describes the Nigerian oil scam as the greatest fraud Africa has ever known.
The report narrates the specific roles played by seven major oil marketers and fuel importers through their shell companies in Switzerland and notorious offshore tax haven, Bermuda, to deny Nigeria billions of naira in tax earnings.


The report identifies seven major Nigerian fuel importers as the worst culprits. They include:

MRS Group
which owns a subsidiary, called Petrowest Services SA. MRS Group was indicted by the Technical Committee on Payment of Fuel Subsidy for collecting tens of millions of dollars between 2011 and 2012 that it could not back up with documents of physical transactions.
The Presidential Committee on Verification and reconciliation of Fuel Subsidy Payment later cleared MRS. The committee did not give any reasons to show that its transactions were legitimate, according to the Swiss report.

Ontario Oil and Gas limited
owned by Ugo-Ngadi Adaoha has a Swiss Subsidiary named Ontario Trading and located at the premises of Nimex Petroleum in Geneva. Nimex Petroleum was once suspended from trading in Nigeria for not supplying required maritime documents.
Mrs. Ugo-Ngadi was arrested by the Economic and Financial Crime Commission, EFCC, in August 2012 for fraud and conspiracy but was later released on bail. Ontario was indicted for over N4 billion false subsidy claims.
The report revealed that despite dropping Ontario Oil and Gas from the list of fuel importers for 2013, the company was allowed to continue its crude oil export business.


Rahamaniyya Group
which owns a subsidiary called Rahamaniyya Oil and Gas SA in Geneva since October 2010 is also located in the premises of the shady Nimex Petroleum which seems to be acting as an incubator for shady companies.
The company was asked to reimburse over N507 million subsidy funds collected, but has not been stopped from importing fuel.

Tridax Energy and Limited and Mezcor Limited
have Swiss subsidiaries named Tridax SA and Mezcor SA in Geneva. They both received N2.544 billion ($15.9 million) without importing any petroleum products. In fact, the companies received permits to import products before applying for it. The companies, according to the Swiss report, have been traced to close associates and the younger brother of the Minister of Petroleum, Diezani Alison-Madueke.


Sahara Energy’s Swiss subsidiary is called Sahara International Pte Limited.
The company was requested to reimburse the government’s N6 billion subsidy fund it falsely collected. Despite importing less fuel than they should have and have been paid for, the company is still being allowed to import fuel.

Lagos-based Aiteo Energy Resources Limited
owned by Benedict Peter and Francis Peter. Its subsidiary in Geneva is called Aiteo Suisse AG. Aiteo was asked to reimburse the government over N578 million in subsidy fund it falsely collected. Just like Tridax and Mezcor, Aiteo also received the permit to import fuel without requesting for it.
Efforts to reach the NNPC spokesperson, Tunmini Green, on the agency’s reaction to the report were unsuccessful. Ms. Green’s phone was switched off.



NNPC opaque deals
Describing the NNPC as the “all-powerful,” the report says the government owned corporation “plays a significant role in maintaining the ‘resource curse.”
According to the report, oil, which makes up 58 per cent of Nigeria’s revenue, is not contributing to the country’s development as much as it should. The report blames the engrained poverty and inequalities in the country partly on the siphoning of the nation’s resources through the NNPC and other shady deals by fuel importers in collusion with foreigners, especially Swiss commodity trading firms.
Prominent among these shady deals are the partnership between the NNPC and two Geneva-based commodity trading firms, Vitol and Trafigura, registered in Bermuda.
Through NNPC partnership with Vitol (the largest oil trader in Switzerland) and Trafigura (the third largest) described as ‘operational and financial black boxes’ billions of naira that should have accrued to the government are wired to Bermuda where the joint venture is established.

“In reality, the profit generated by these entities escapes State coffers, first, because no taxation in Bermuda is paid, since the tax on profits is zero,” the report stated.
“Vitol and Trafigura alone took respectively 13.44 % and 13.49 % of Nigerian crude oil exports in 2011 for a cumulative value of 6.7 billion dollars.”

More than 56 per cent of oil put up for sale by the NNPC in 2011 valued at $14.004 billion were sold to Swiss companies or Nigerian companies with “letterbox” subsidiaries in Switzerland.
The report shows how NNPC is cashing in on the disrepair of the country’s refineries to feed its fraudulent partnership with these oil dealers. Despite the fact that local refineries operate at less than 40 per cent capacity, the NNPC still allocates crude to them as if they were operating at full capacity. The excess allocations are then sold to Geneva-based companies or Nigerian oil marketers through their letterbox subsidiaries in Switzerland at knockdown prices or exchanged for refined petroleum products in shady swap contract.

“Nigeria is the only major producing country that sells 100% of its crude to private traders rather than market it itself and benefiting from the resulting added value. A number of beneficiaries of export allocations are nothing but letterbox companies whose sole merit is that they are linked to high-ranking political officials or their entourage,” the report stated, a view similar to that by a Nigerian government investigation team headed former anti-graft boss, Nuhu Ribadu.

The report suggested that Politically Exposed Persons (PEP) and their fronts are also cashing in on the absence of money laundering legislation in Switzerland to hide their loots. In fact, many of the “letterbox” subsidiaries may have been set up for that specific reason.
“Politically-linked holders of such letterboxes are known, in banking terminology, as ‘politically exposed persons’ (PEPs), towards whom any financial intermediary must exercise particular duties of due diligence by virtue of the law on money laundering in order to ensure the legality of the funds. In Switzerland traders are not subjected to such duties and have no obligation to question the credibility of their partners. This leaves them with full latitude to trade with such fake entities. But in Nigeria such entities represent a major part of the ‘market’,” the report explains.
Geneva, a haven for Nigerian Fraudsters
Oil importers that have been indicted in the subsidy scam have found a convenient hide out in Geneva where they have established subsidiaries.


Berne Declaration explains why Geneva has become a haven for these companies:

“There are two reasons underlying the creation of these subsidiaries… In certain cases, it is a matter of benefiting from the tax that the cartons offer for companies working primarily abroad – which is undoubtedly relevant for a Nigerian importer in other case the primary motivation is to get closer to banks specialising in financing trading. This hope has often proven vain due to the reputation of Nigeria and the relative anonymity of these firms. This is all the more so since several of these companies have no real activities in Switzerland, have contended themselves just with an address in a fiduciary or lawyer’s office.”
Family / Re: Traits Of Immaturity Displayed By Men In Marriage. by emmog25: 9:29pm On Nov 04, 2013
@OP I beg to disagree with some points here:

1. When a man reject his wife's food, it's a way of protesting in other to get an apology from the woman..(Trust some women now "very egoistic" )
2. Some women forget the man is the head by nothing given Him the chance to Play his lead role..they don't want the man to even have a say... You must always go with their own opinion.

The rest depends on the couple's character.






hafi: Got this as a broadcast, would love to know those for the women folks......

*** Signs Of Immaturity In Marriage: FOR MEN ***

1) Rejecting food wen there's an issue:

Oga husband, you gave your wife money for food and after it was prepared you refuse to eat because you dey vex. Its one of the greatest signs of
immaturity, its time to grow up! You should not even abandon your home for any reason, you could go somewhere wen angry but ensure that you don't allow it 2 linger unnecessarily because dat is enough for the devil to build on.

2) Telling your wife severally that you are the head:

May I let you know that even when your wife disobeys/ disrespect you she
still knows that you are the head. Yu need not shout or scream it daily. Its important for you to know when and how to be firm and put yur feet down over issues, however don't become a nagging husband just to prove that you are the head.

3) Issuing threats:

Beating, verbally abusing your wife, issuing threats of divorce or bragging abt marrying another wife does not make you a man. Your strength is in your ability to tame your tongue and control your fist. When she is acting her "childish woman" part, play the "matured man."

4) Reporting your wife to friends and family:

Wen yur wife offends, correct and talk things through. You don't have to tell everyone about her mistakes, that will paint her black nd sell her cheap such that you will not be able to redeem her back. It is also out of place for any man to love his mother more than his wife and kids, doing this only sets up your home for crisis.

5) Competition:

Have you seen couples who compete with each other over material acquisitions? Their properties and investments are always in separate names.
As the wife borrows to buy a Ferrari, the husband is running after a bugatti. How childish can we be? This also leads to insecurity, jealousy and inferiority/
superiority complex. Please let's check ourselves and work as a team
Politics / Re: Jonathan Places Oduah On ‘Tactical Suspension’ by emmog25: 12:10pm On Oct 30, 2013
theshadyexpress:
your entire life,body,soul and spirit needs to be examined cos they are currently in a state of scrap

Look at this low life locust beans!! You think you've got bad mouth... You definately dealing with d wrong person... I assume you don't even have a life to be replying everyone. Contact me I'll deff give you one. Pun-a*s, Sick idi*t!
Politics / Re: Jonathan Places Oduah On ‘Tactical Suspension’ by emmog25: 11:39am On Oct 30, 2013
theshadyexpress:
you just proved that you are an absolute fool.what do u know about corruption?is following due process now corruption.
I think you need to get your head examined before your mental state deteriorates further.

You no well at all... You should be d one to have d brain examined. Has anyone deny the buying of this cars at such cost? My friend you are the bad Nigerian we are talking about. For me APC PDP are all the same.. Let us jst try to speak the truth when it matters, It will help our future

1 Like

Phones / Re: BBM vs Whatsapp: Which Is Better? by emmog25: 10:21am On Oct 24, 2013
deejay_harry1: even tht tecno beat bb hands down... mtcheewww

we talking living o.s, u talking dead nonsense..

Oga, u don't knw what u're talking about, I've got a samsung tab, + bb and a 4G swift for my houz, but I must tell u the truth BB is economical as far as 9ja is concerned. And never and never compare tecno phone with even curve 1. Becuz it's not even listed among phones.. Eg GSM arena. You know why BB is still very unique despite its turbulence? Its got is own secured sat that no one can hack into.. Iphone had been hacked several times, their patent had been copied by even techno. (still giving bow to iphone anyday sha). Bet u need to know more abt BB other than pinging..! For real
Phones / Re: BBM vs Whatsapp: Which Is Better? by emmog25: 9:36am On Oct 24, 2013
gentlelyfe: ...wat meks u feel dt bb is better dan nokia or do u fink people wit nokia dnt money for bb...dnt u no wit d money i bought my nokia E6 i can buy 2 to 3 bb....so dnt say wat u dont no...

For why.. Nokia vs BB, bro why u dey compare life in Somalia with USA... Compare Techno and Nokia abeg. E6 for that matter.. Na wa o
Phones / Re: BBM vs Whatsapp: Which Is Better? by emmog25: 9:35am On Oct 24, 2013
gentlelyfe: ...wat meks u feel dt bb is better dan nokia or do u fink people wit nokia dnt money for bb...dnt u no wit d money i bought my nokia E6 i can buy 2 to 3 bb....so dnt say wat u dont no...

For why.. Nokia vs BB, bro why u dey compare life in Somalia with USA... Compare Techno and Nokia abeg.
Phones / Re: BBM vs Whatsapp: Which Is Better? by emmog25: 10:34pm On Oct 23, 2013
The long and short of this topic is Whatsapp is very boring...and it can never be in category of Bbm. Never! Little wonder why andriod users rush to download it. Shikenna!

1 Like

(1) (2) (of 2 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 101
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.