Firefire's Posts
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Few cabals holding Nigeria hostage... [size=18pt] Until the oil cabals are dealt with, Nigeria will not develop nor move forward [/size] Oando Oil, CONOIL, African Petroleum and MRS Oil are among the powerful players in the petroleum sector that have shared over N3.655 trillion between 2006 and September 2011 in pursuit of importation of refined petroleum products. This was revealed in Abuja by the Nigerian Senate joint Committee on Petroleum (Downstream), Appropriation and Finance. Senator Magnus Ibe, the chairman of the committee, also disclosed that some 100 companies in the downstream sector and in construction, shared over N1.426 trillion between January and August 2011 alone. Oando Oil is owned by Wale Tinubu Mike Adenuga owns CONOIL, Femi Otedola owns AP, while MRS Oil is run by Aliko Dangote's brother, Sayyu Dantata. Other key players named today include Pinaccle Construction Ltd, as well as Integrated Oil and Gas, which is owned by a former Minister of the Interior, Capt. Emmanuel Iheanacho. The full list, and their individual haul, as read out by Senator Abe, is as follows: 1. Oando Nigerian Plc. – N228.506 billion 2. MRS –N224.818 billion 3. Pinnacle Construction-N300 billion 4. Enak Oil & Gas –N19.684 billion 5. CONOIl – N37.960 billion 6. Bovas & Co. Nig. Ltd. – N5.685 billion, 7. Obat N85 billion and AP; N104.5billion. 8. Folawiyo Oil - N113.3 billion 9. IPMAN Investment Limited- N10.9billion 10. ACON - N24.1billion 11. Atio Oil-N64.4billion 12. AMP- N11.4billion 13. Honeywell-N12.2billion 14. Emac Oil- N19.2billion 15. D.Jones Oil-N14.8billion; 16. Capital Oil - N22.4 billion 17. AZ Oil- N18.613billion 18. Eterna oil- N5.57 billion 19. Dozil oil- N3.375 billion 20. Fort oil-N8.582 billion. 21. Integrated Oil and Gas- N30.777 billion Among other cabals. http://saharareporters.com/2011/12/02/fuel-subsidy-scam-senate-releases-names-cabal |
atlwireles:SURE-P Money in action. I bet you, this human being may get this building as one of his severance packages from Delta State.
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Honestly, this is a complete waste of resources and public fund... what is the benefit of this edifice to a common man on the street of Warri or Asaba ? Nigerian leaders and misplaced priorities. ![]() How does this put food on the common man's table ? How can this building in Lagos add to the economic development of Delta State ? Very soon like Bukola Saraki of Kwara State, this building would be converted to private properties. God, when will you deliver your people. ? |
[size=18pt]AIYE TO'TO AKAMARA [/size] |
Interesting... |
Jeezuzpick:Iwo naa pele, Sunday Dagboru, Omo Igboro. |
PassingShot:God will help him. |
Obj who ruled Nigeria more than anyone else is back to Aso-Rock ![]() |
SporaD8:Let wait and see... |
SUBWAY101:Subway promo on-going. |
dunkem21:I hope Lie Mohamed will not protest against his party and organize nation-wide protest in Lagos against Buhari's removal of fuel subsidy. |
It is high time we removed the fuel subsidy. Enough is enough! |
Power sharing formula tearing the civilian coup plotters apart ... Nigeria is becoming a joke in the hands of these slave-masters rotating themselves to rule over us since 1960.
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PDPwayoo:Kashamu is a first timer. |
sonOfLucifer:My friend, pity yourself and people around you. |
dearpreye:Then, their suffering is not enough. |
dunkem21:The then ACN. |
dearpreye:If the suffering get to the high boiling point like we are approaching, No fuel, no power, no money and nothing is working because of the few wicked elements called cabals. Then, NIGERIA REVOLUTION looms. I expect the interventions of the heavenlies. |
atlwireles:This is the time to eliminate the "some", the wicked cabals that have held Nigerians hostage for 55 Years. |
sonOfLucifer:
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dearpreye:Nigerians and posterity will be the judge of the wicked element holding Nigeria back. Give the dog a bad name and hang him syndrome was applied since 2012. Here comes the days of reckoning. ![]()
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atlwireles:I see your point. BUT: The steadfast love of the Lord never ceases; his mercies never come to an end; they are new every morning; great is your faithfulness of Lord. For now, Nigeria belongs to us until we decide to part. |
idu1:Child of hate and anger. ![]() |
atlwireles:We need God's intervention in Nigeria! |
ITbomb:With the useless subsidy, Nigerians are buying fuel at minimum of =N= 150 and up to =N=250 per litter from fuel pump and up to =N= 500 per litter from pipeline vandals and black market agents. Do will still continue with this FRAUD ? NO! |
megacity:Absolutely! |
How did we arrived here: Sudden disappearance of Petroleum products in all Petrol station across Nigeria ? |
The end result and reaction from the deceived.
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22. Let me assure Nigerians that every possible effort will be made to ensure that we march forward, with a collective resolve to build a Nigeria that can generate greater economic growth, create and sustain new jobs, and secure the future of our children. 23. This Administration will aggressively implement its programme to reposition and strengthen our economy, while paying adequate attention to the immediate needs of our citizens. 24. I assure you all that we will work towards achieving full domestic refining of petroleum products with the attendant benefits. 25. As I ask for the full understanding of all Nigerians, I also promise that I will keep my word. 26. Thank you. May God bless you; and may God bless the Federal Republic of Nigeria. Goodluck Ebele Jonathan, GCFR President Federal Republic of Nigeria January 7, 2012 Cc: lalasticlala |
5. If I were not here to lead the process of national renewal, if I were in your shoes at this moment, I probably would have reacted in the same manner as some of our compatriots, or hold the same critical views about government. But I need to use this opportunity as your President to address Nigerians on the realities on the ground, and why we chose to act as we did. I know that these are not easy times. But tough choices have to be made to safeguard the economy and our collective survival as a nation. 6. My fellow Nigerians, the truth is that we are all faced with two basic choices with regard to the management of the downstream petroleum sector: either we deregulate and survive economically, or we continue with a subsidy regime that will continue to undermine our economy and potential for growth, and face serious consequences. 7. As you all know, the subject of deregulation is not new, we have been grappling with it for more than two decades. Previous administrations tinkered with the pump price of petroleum products, and were unable to effect complete deregulation of the downstream sector. This approach has not worked. If it did, we would not be here talking about deregulation today. I understand fully well that deregulation is not a magic formula that will address every economic challenge, but it provides a good entry point for transforming the economy, and for ensuring transparency and competitiveness in the oil industry, which is the mainstay of our economy. |
NATIONAL BROADCAST BY PRESIDENT GOODLUCK EBELE JONATHAN, GCFR, ON THE DEREGULATION OF THE DOWNSTREAM PETROLEUM SECTOR SATURDAY, JANUARY 7, 2012. http://www.vanguardngr.com/2012/01/subsidy-removal-read-text-of-president-jonathans-broadcast/ Dear Compatriots, 1. A week ago, I had cause to address Nigerians on the security challenges we are facing in parts of the country, which necessitated the declaration of a state of emergency in 15 Local Government Areas in four states of the Federation. That course of action attracted widespread support and a demonstration of understanding. With that declaration, government had again signaled its intention to combat terrorism with renewed vigour and to assure every Nigerian of safety. 2. The support that we have received in the fight against terrorism from concerned Nigerians at home and abroad has been remarkable. We believe that it is with such continued support that progress can be made on national issues. Let me express my heartfelt appreciation to everyone who has expressed a commitment to support us as we strive to improve on the country’s security situation, and build a stronger foundation for the future. The recent mindless acts of violence in Gombe, Potiskum, Jimeta-Yola and Mubi are unfortunate. I urge all Nigerians to eschew bitterness and acrimony and live together in harmony and peace. Wherever there is any threat to public peace, our security agencies will enforce the law, without fear or favour. 3. This evening, I address you, again, with much concern over an issue that borders on the national economy, the oil industry and national progress. As part of our efforts to transform the economy and guarantee prosperity for all Nigerians, Government, a few days ago, announced further deregulation of the downstream petroleum sector. The immediate effect of this has been the removal of the subsidy on petrol. 4. Since the announcement, there have been mixed reactions to the policy. Let me seize this opportunity to assure all Nigerians that I feel the pain that you all feel. I personally feel pained to see the sharp increase in transport fares and the prices of goods and services. I share the anguish of all persons who had travelled out of their stations, who had to pay more on the return leg of their journeys. |
noblezone:Aligned! Firefire: |
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