Fartkay's Posts
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believing Buhari since 2003 |
I just de look. hmmmmmmmmm |
more lubricant to his joints |
I need one of that too |
guys bleaching since 20 BC |
ki o ke aleluya méje, hossana méje, iye méje. ko lo fun afoju meta ni iyo( salt). |
noted!!! they rather absorb or adsorb them now before any sect of any nature recruit them for its deadly act or before they use the million naira worth of tactics n techniques against the fed gov. make e no b say them use the teeth bite finger wey sharpen am. I smell fct |
noted!!! |
sóro ni yèn |
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. |
comment latter
|
comment later |
she is suppose to b mine. only joking FELICITATIONS HAPPY MARRIED LIFE. |
take cognisance of it cos health is wealth |
oya make dem cut d pay n pay d rest in ma account. LOBATAN |
noted |
bashiagama, let her pinish pirst. |
I had chat with d constructor n he said his mission i s to construct a machine DAT can fly in air, sail on water n move on ground. wit current test, it can actually do 2 out of d 3, move n sail. he nid peoples contribution n support to finalize is dream n project. |
hmmmmm. |
wife: if I had known u re as broke as dis, I wouldn't ve married u. husband: wen I told u dat u are d only one I had in dis world wat were u thinking |
ao as dat put food on my table. ao as dat put food on my table. |
we de battle edu standard, boko, insecurity, coruption and rapist don find dea wey enta d menace too God help naija |
shit men it will take all day nau. ve gat no P A on news papers and online threads |
yaba the great. it may seems not to b right, but dat is d system. we all pass thru it and here we are smiling. it groom u for d unseen, unknown future of yours. take it as a challenge, u will appreciate it. |
I comment my reserve |
wu care if u re a pegan |
eja nla bangalee,my broda from d lee temple happy buy dea llnp. k'odelee wish u good |
male; prestige darasimi (good to me)
female; precious darasimi (do me wonder) |
GEJ all d way. ova 5 people walking for him,3 got to otueke. just recieved 2 at my community around 10 a.m today in adagbabiri. walking for the man of peace |
bashiagama |
a gal called me around 8:30 pm. gal: coded can u com ova. am bored ere. me: u mean right now. gal: yes without any consideration or second thought, i hurriedly put on my sokoto n i took off saying bye to ma corp member it was a gal i don de hustle since d stat of my service year. gal: i never believe u will come me: anything for u babe. gal: ma sis just left me not quite long leaving me alone ere me:ok gal: so we gisted till around 1:00 am. sleep no com i con think am no b opportunity b dis. at den ma chairman don de vex , i de use style calm am down. gal: coded re u sleeping me: y do u ask gal: just wanna kno me:k mistakenly i hit her by her back n she reply gal: stop it me: stop what gal: dont u kno u re totorying me me: as a sharp guy. i started doing more of it gal: stop it na. in mild low tone this is d time den d curdle started. i didnt stop till i got the n**ple to play with n suck n including d under g i left no stone untouched. we didnt sleep untill 5:00am .i didnt sex her. she enjoyed it because not only did i kiss or smooch her i gave her real s*x. but never sex her cis i dont kno her status. n no where to get condom. it is a remote area. ma sweet xperience at ma place of primary assignment. |
@the octopus. guy no de miss yan. y u de shoot ur self on ur leg. dat road no b state road. dont blame d state gov. u just posted dus pics to unveil d deficiencies in ur party pdp led gov. abeg avert ur self now. u nid to appologise to all apc member for ur miss yan. cooooooooooourt. |
ao as dat put food on my table.