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Ghandi12's Posts

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PoliticsRe: Photos: Inside Africa's Richest Man Dangote's $30m Abuja Mansion by Ghandi12: 8:54am On Sep 02, 2015
The painting on the livingroom wall?

Classy, tidy, surprisingly atypically unNigerian.
PoliticsRe: Institute Says It’s Less Expensive To Maintain Legislators In Nigeria Than In US by Ghandi12: 8:48am On Sep 02, 2015
Utterances like this exemplify evils in our polity that have been legitimately institutionalized.

Today a former Finance Minister decried bail-out to States to pay workers who are being owed salaries for months because of "financial ethos".

What exactly is the point of expensive governance or/and unyielding laws when the primary beneficiaries (the people) of governance are dying from lack of food, good health-care and other basic needs.

May be what we need is revolution and not change...
PoliticsRe: Photos: Bukola Saraki Plays Basketball In Honor Of D'tigers Victory by Ghandi12: 9:40am On Sep 01, 2015
Headline: Senate Looter cum rules-forger playing basket-ball.

We are waiting for your new salaries and annual budget...
PoliticsRe: Saraki, Ekweremadu Shun Hearing Of Suit Seeking Their Sack by Ghandi12: 7:32pm On Aug 31, 2015
[quote author=byteHead post=37531449]
*...A declaration that the election of the 1st and 2nd defendants as the President and Deputy President of the Senate of the 8th Senate pursuant to the Senate Standing Orders 2015 and contrary to the provisions of Rules 3(3)(e) and (k), Chapter II of the Senate Standing Orders 2011, is illegal and unconstitutional
We can continue tolerating Saraki as long as the NASS members agree to N350,000 monthly salary. Personally I will celebrate Saraki removal like rapture.
PoliticsRe: Fayose Commissions Lawmaker Dayo Musical Instrument (pics) by Ghandi12: 7:15pm On Aug 31, 2015
Only the gods can deliver Ekiti people from themselves and Fayose.
PoliticsRe: Saraki, Dogara At The UN Conference Of Parliamentary Heads In USA Today (Photos) by Ghandi12: 7:11pm On Aug 31, 2015
Looters and forgers. We are still waiting for your new salaries and budget...
PoliticsRe: ‘US, U. K. Lawmakers More Expensive To Maintain Than Nigeria’s’ by Ghandi12: 7:50pm On Aug 30, 2015
Kingso23:
...
Hamalai said most of those calling for cut in the
salaries and allowances of National Assembly
members were not informed on how much it costs
to maintain a parliament.
...
Take a lot of self-control to call this Evil Dr. the names she deserves. Comparing first-world countries with a no-world nation like ours with crass and ersatz data.

She deliberately play down the fact that our law-makers (individually) earn more than lawmakers in US and UK. Is this part of public service in a poor nation?

What is the standard of living of majority of citizens of these countries?
What fraction of their population are IDPs or homeless?
How many cars, houses, or jets do these US or UK law-makers have?

The gods must have forgotten Nigeria to let this type of evil people get to high positions.

Realistically, as necessitated by the current economic status of the nation:

#No law-maker should earn more than N350,000 as basic salary
#Law-makers should desist from officious functions as constituency projects and inconsequential receptions and travels.
#Their annual budget should not be more than N5 Billion naira.
# We are not UK nor US a Secretary and a Personal Assistant should be okay for each law-maker. We have seen then with 5 phones and 2 tablets, They have free MTN recharge cards, they have free internet services, they have equipped library. So which researchers are they looking for again?
PoliticsRe: Tax Evasion: FIRS To Go After 325,000 Companies, Persons by Ghandi12:
Dints to shore up Government revenue should be humane, surgical and result-oriented.

There are buoyant yet excessively profiteering companies that deliberately evade taxes - This category of defaulters should be given a second benefit to voluntarily pay back arrears or be subjected to appropriate punitive sanctions.

There are establishments that are seemly buoyant but struggling under adverse economic woes of the nation - This category of defaulters need government scrutiny and support to get back on track. America and UK decided to bail out their biggest Banks in the last global recession 08'/09' The results today show they did the right thing saving millions of jobs and by extension lives and sustaining happiness among their bedizens.

There are SMEs and "portfolio companies" that are mainly substituent in existence. Owners of these category of business use their cars, house, portfolio, or laptop as their offices. We have artisans, struggling traders, fresh graduates and rural dwellers trying to eke out a living in this category.
Are we just going to throw these people into financial confusion because they do not have enough money to do the expected thing? Are we going to be better off with more striving commoners thrown into abject hopelessness? Businesses need help as much as government need taxes from operating establishments.

People-oriented countries have social security for the poor. They have moratorium, tax holidays or other incentives to ensure more businesses survive for economic well-being of their nation.

A demotic government should not be seen to turn to the poor to get more money when the NASS for example with 469 Nigerians have an annual budget of N120/N150 Billion naira. To these days we hear and see public servants living lavishly with these taxes - how do you want the tax-payer to feel when their simple and striving lives are still coming under scathing threat by the government they so much look up to for survival.

We did not ask for 'change' to worsen our condition while the rich keep the loot..
.
PoliticsRe: Fire Outbreak At Bukola Saraki's House by Ghandi12: 8:14pm On Aug 29, 2015
Saraki has schemed himself to Senate Presidency - difficult to blame anybody now but if Saraki becomes relevant and influential again in top government decision there is only one person to blame - PMB.

My recommendation to RMAFR for new salary structure of law-makers is as follows:

* Reps and Senators should be on the same pay as the constitution does not see them unequal.
* The Speaker and Senate President should not earn more than the Permanent Secretaries of Federal Ministries.
* A salary of N350,000 is decent enough for any service-driven lawmaker - those who cannot cope should resign.
* A ceiling of N1 Million naira maximum for all accruable allowances and basic salary for all Lawmakers is strongly recommended.
* Going home with N1 Million naira every month is a very big luxury many a Nigerian may never achieve in a lifetime.


RMAFR should please also do a thorough review of take-homes at the States and LGA level to reflect the dwindling revenue of the Nation.

Political leadership is all about service and only those who are ready to make sacrifices should be encouraged
PoliticsRe: Fire Outbreak At Bukola Saraki's House by Ghandi12: 6:45am On Aug 29, 2015
Rotimi47:
3 may be answers - 1. Saraki setting fire to his own house just to destroy incriminating evidence. 2. Saraki setting fire to his own house so as to black mail EFCC and 3. Saraki trying to use the fire incident to win sympathy.
PoliticsRe: Oil Price Falls $10 Below Budget Benchmark by Ghandi12: 6:30am On Aug 25, 2015
The nation income continues dwindling but the 469 NASS members are still thinking if they should reduce their annual budget from N150 Billion to N120 Billion or not.

We can create another LNG-like source of income in 3 months using well-coordinated and surgical loot recovery.

The nation is in dire need of money, especially, for the downtrodden. These few looters came in with a known amount of financial and property worth (verified by CCB) but left with humungous worth with their names, kith' and kins tagging public fund along. The arithmetic is very simple ; we know the legally-endorsed cumulative entitlements of every public officer and their relations in four years.

The nation should just take back all inexplicable disparities between the expected worth of public servant and their real worth at the end of their tenure. We can recover Billions of dollar/naira every month for the next four years. Loots from States should be returned to the respective states while national loots should be returned to the FG.

Cutting the NASS budget by 70% or totally doing away with this arm of government for a while until better days should be on the front burner of national action. Afterall the NASS members lifestyles constitute insults to striving populace and tax-payers; and their duties have no direct positive impacts on the masses.
PoliticsRe: Senate To Introduce E-legislation To Enhance Debates -ndume by Ghandi12: 8:53pm On Aug 23, 2015
Boring, greedy bunch trying to justify N150 Billion naira budget. We will continue looking for ways to totally delete you from our democratic governance.
PoliticsRe: The Trail Of Bishop Kukah By Tatalo Alamu by Ghandi12: 12:57pm On Aug 23, 2015
It is a wearisomely familiar Nigerian ploy to impose “peace” in the absence of social and political justice. But they misjudged the mood of the nation and the fact that Nigerians have had it with their ilk...
They still do.
TravelRe: Fed Govt Goes Tough On Visa Issuance To Stop Terrorists by Ghandi12: 12:24pm On Aug 23, 2015
Now Nigerian embassies in some countries will be like American embassy in Lagos. One of the changes we crave for.
PoliticsRe: Fayose Paying Compensation Before Demolishing Illegal Structures (picture) by Ghandi12: 2:12pm On Aug 22, 2015
But what have Ekiti done wrong to the gods...
PoliticsRe: NERC Abolishes Bulk Billing , @bukolasaraki Reacts by Ghandi12: 2:04pm On Aug 22, 2015
petecoolboy:
...In a series of Tweets on his personal page, Dr. Saraki further commended NERC for responding to Nigerian’s calls in such a prompt manner, and reassured Nigerians that the “Motion on #power should be a signal to other regulatory bodies that the 8th Senate will not allow anti-people policies to go unchecked.”
The treacherous Saraki and his friends should stop deluding themselves - we already know each of them take home nothing less than 16 million naira/month from our taxes and public purse when the nation is going through economic decline.

We also know they MUST expend the N120 or N150 Billion naira they have set aside for themselves before the next fiscal year. We know you do not care about us Mr. Saraki and friends.

Moreover, the original motion for this action has been moved by 7th Assembly and we all know NERC could not have taken any decision without the approval of President Mohamod Buhari.

Nigerian people do not need leeches; we are already feeling positive impacts in our system without NASS input in three months.


petecoolboy:
... #power should be a signal to other regulatory bodies that the 8th Senate will not allow anti-people policies to go unchecked.”

Ahhh public thieves, looters, and billionaires want to fight for the people but they cannot reduce their loots...

My 1N advice from Saraki - stop disturbing MDA heads who are currently being restructured/repositioned by Buhari else you will win yourself the final blows that will send you and your kiths to dudgeon.

The Senate President went on to urge Nigerians to engage with their representatives in the legislature as the 8th Senate will make channels of communication available to Senators- asking Nigerians to contact their Senators for oversight of any agencies and/or organizations.
Many Nigerians took to social media to commend the Senate, with some like @ObongTunji tweeting to the Senate President’s @BukolaSaraki handles saying: “Keep doing the good work sir.”
Please reduce the 469-memebered-NASS annual budget from N150 Billion naira to N5 Billion naira then you will see us matching to NASS to celebrate all of you.
PoliticsRe: NIPOST Boss Resigns by Ghandi12: 6:20pm On Aug 19, 2015
Revamping and re-positioning NIPOST to be 21st Century compliant is a bit tricky with the current laws and establishing acts.

Technology and infrastructural advancements have left us a couple of century behind and catching-up will take a 'mad team' with patriotic passion for aggressive nation building.

The claim by the out-going head of ICT facilities in most post offices is not plausible. There are so many archaic practices to review expeditiously: current PMB and POB systems as currently being operated? Thorny issue of street names and house numbering all over the nation? Postal codes for old, new and future towns? Synergetic cooperation with cognate agencies like NITEL, NSAT, NCC etc.

The easiest and simplest approach would be to recruit 3 to 5 clean Top Nigerian Managers from global EMS/ UPS/ FEDEX with a matching order and free-hand to rebuild the organization with the ultimate aim of competing with other notable global enterprise in six years time.
PoliticsRe: Senate Forgery: Police Report’s Whereabouts Unknown -PUNCH by Ghandi12: 5:31pm On Aug 19, 2015
We have a canny new Head in NNPC and we are already feeling the positive effects almost immediately.

Baba needs to remove all unproductive vestiges of GEJ/PDP regime to have a roundly robust Federal Government. The following bodies need new NNPC-like re-invigoration: EFCC, ICPC, Police, Custom and Immigration, and NPA.

Obviously many Senators (armed with 30+ million naira) are using the recess to clean-up their messes. Baba needs incorruptible hands everywhere these looters have issues to achieve meaning results in the current fight against corruption in our polity.
PoliticsRe: NASS Will Create Laws To Enable Development Of Mineral Resources – Senator by Ghandi12: 7:09pm On Aug 18, 2015
4 mobile phones, 2 tablets but one man with 28 million naira income for doing nothing in 2 months.
PoliticsRe: PHOTOS: Abuja Residents Stage Anti-corruption March by Ghandi12: 7:15pm On Aug 17, 2015
These guys should organize more protests especially to the NASS. There are millions of Nigerians world-wide that want to be be involved.
PoliticsRe: 2019:who Is Afraid Of Bukola Saraki? by Ghandi12: 4:43pm On Aug 17, 2015
Chai. My hate for Saraki has just turned to love after reading this piece. Saraki image is finished in APC and general public. He, however, has PDP to hang out with but the core PDP powers know better than to follow a Saraki or allow him pilot their plane.

Look at his close friends and supporters - none of them can win a reelection with another Buhari-led-APC candidate on ballot in 2019. Is this dolt going to start his own party? He is not wanted in APC and he is suspected in PDP.

The unrepentant thief has opened a campaign website for 2019 contest in August 2015? If this thief becomes relevant again in APC or general public there is only one person to blame and this is PMB.
PoliticsRe: Buhari Owes Igbos Nothing, Junaid Tells Ezeife by Ghandi12: 5:53pm On Aug 16, 2015
Dr. Junaid is an Elderstateman and should demonstrate so in words and actions. You cannot justify one wrong-doing with another wrong-doing. Buhari true friends will work to make his works easier and more successful. PMB has nothing to gain from a deliberate exclusion of the South-East in the National governance and opinion leaders like Dr. Junaid should desist from championing this kind of course.
PoliticsRe: ICPC Seizes 24 Property From Three Civil Servants by Ghandi12: 5:02pm On Aug 16, 2015
989900:
#stealingiscorruption
and

#probeisinvestigation
PoliticsRe: The Reason Rev. Mathew Kukah Wants A "Soft Landing" For Jonathan? by Ghandi12: 10:40am On Aug 16, 2015
hinwazaka:
Martin Luther never minded his own business
Martin Luther king never minded his own business
Rev Desmond Tutu never minded his own business
So what's your point
Those men are confirmed selfless - with little tangible treasure to their names. Many unaware fans of Rev. Kukah (like me) are just seeing him in a different light if he truly owns those properties.
PoliticsRe: Anti-corruption War Begins • ICPC Seizes 24 Property From Three Civil Servants by Ghandi12: 10:32am On Aug 16, 2015
This is what we supported and voted for - food, probity, accountability, order, and justice

This is one of the dividends of democracy we have always craved for.

But we need more, more and more. We have been hearing of bigger thieves whose loots the Nation has not moved equally decisively to recover. Actions like this are lessons to light-fingered civil servants but we need deterrent for Governors, Lawmakers, Judges, and the Presidency too.
PoliticsRe: Before They Tarnish Reverend Father Matthew Hassan Kukah... by Ghandi12: 10:15am On Aug 16, 2015
barcanista:
It is unfortunate that the APC fans have shifted their venom on the revered and respected Catholic Bishop of Sokoto Diocese Reverend Matthew Hassan-Kukah simply because this respected man aired a position as the Spokesperson of the Abdulsalam-led National Peace Committee. What is the offence of this noble man to warrant the blackmail and false accusation by APC... We all need to take an indepth review of the position of Kukah...
Point of correction it is not only APC fans that have taken exception to Rev. Kukah's statements. There are many Nigerians out here, who had hitherto held him in high esteem, but are, appalled of his recent self-appointed role as an advocate of people under corruption investigation.

barcanista:
1. Investigation Should Be Done First
What Kukah was saying is that there should be investigation first! Investigation simply means approaching a matter with an open heart with the sole aim of establishing whether or not something has gone amiss. This is what is expected in a democracy
2. Probe Becomes Necessary After Investigation
You only probe after investigation has given a lead that an offence was committed. Probe is to unravel more facts that may be helpful during prosecution.
Is Rev. Kukah under investigation? Is he working with EFCC/ICPC/DSS or Police? Has any of the people under corruption investigation employed Rev. Kukah services as an advocate? What is he is own definition of probe or and investigation? Is he quoting from the Nigeria constitution or any extant law when he is trying to differentiate probe from investigation.
We once defeated the "stealing is not corruption" parlance we shall surely defeat "investigation is not probe". We know "Corruption will always fight back".

barcanista:
3. Speculations Are Unnecessary And Distraction
He was simply saying that rather than talking of probe by mere speculation he should do number 1 (above). It is a known fact that NOTHING will be established from any ACTION where the Investigator's sole aim is to see an accused guilty and not really to solve a problem.
4. "That Is The Expectation of Nigerians"
Firstly, you should investigate to ascertain whether or not something has gone amiss. Then you subject the indictees to probe (thorough investigation) to establish more fact and vital information that will help in prosecution. After these are done, you prosecute indictees using the established "fact" as evidence (along with witnesses) while the Judge pronounce guilt or otherwise of the accused.
Isn't this what ordinary Nigerians like some of us expect? Don't Kukah deserve commendation for speaking like a patriot and a democrat per excellence? Should we rather have Buhari continue with his everyday noise of probe? There is a process for everything!
Rev. Kukah as a Nigerian can voice his opinion on any issue but the only one that has the Nigerians mandate to govern us for the next four years is PMB.
Neither you nor Rev. Kukah represents other Nigerians so do not pretend you know other Nigerians expectations. For example majority of Nigerians supported and voted PMB against GEJ without you nor Rev. Kukah having control over our expectations. As you would have noticed PMB job approval has been reasonably satisfactory among the majority since he assumed office in May 2015.


barcanista:
I also want Nigerians to know that contrary to the lies peddled by a section of pro-APC media, Rev Kukah never asked President Buhari not to probe Jonathan, neither did he plead on behalf of Jonathan. In fact, he made it clear that the committee was never contacted by former President Jonathan. He was blunt when he said this some days back..
“Anybody is free to come to our committee, but President Jonathan never by telephone or by any other means sought to see the committee."
(PremiumTimes, Aug 12, 2015)
www.premiumtimesng.com/news/top-news/188241-jonathan-did-not-lobby-our-committee-to-stop-buharis-probe-kukah.html
[/b]
This is why it is potentially dangerous for a personality that has always been known to stand for the truth to get involved in "Stealing vs Corruption" or "Investigation vs Probe" debate which has no constitutional or legal lucidity.

barcanista:
Another twist to this is that some people are accusing the man of building his house with Jonathan's billion. The funny thing about this propaganda is that they couldn't tell "HOW" it was possible for Kukah to 'eat the billions' considering that Kukah never held ANY political appointment under Jonathan. Are we now saying that a man of stature like Rev Kukah is unable to tell his congregation to build such "not so flashy" edifice? We all know how Christians donate their life savings for 'God's' project. So why should a whole Bishop of Catholic church's own be different?
Nigerians need to rise up for Reverend Hassan Kukah and defend our democracy. Today, it is Kukah, tomorrow it may be YOU!
May God Bless Us All
To any unbiased observer you have just put a big question on Rev. Kukah's reputation as an upright Catholic Priest.

If your positions are correct then Rev. Kukah should expect more stains thrown in his ways from people who have been unawared of his more-than-modest riches all the while.

No reasonable Nigerian experiencing the global and local economic downturn will stick his neck for any rich Priest who has enmeshed himself in an unnecessary debate.

As a passing-shot everyone born of woman is fallible - catholic or otherwise. There are crimes everywhere even in the Vatican.
PoliticsRe: Naira Rain At NASS As Senators Collect N23.4m Each- The Nation by Ghandi12: 9:13am On Aug 16, 2015
We are still watching...

They should continue stealing as the number of bereft is swelling everyday. One day they will unite and come for you insha Allah.
PoliticsRe: Senate Orders Probe Of Billions Spent Under Obasanjo, Jonathan On Electricity by Ghandi12: 10:08am On Aug 14, 2015
Good move by the Senate but the Senate should quickly address the question of 150 Billion naira budget for the 108 - membered - body. Charity they say begins at home.
PoliticsUK Government To Fast Track Shale Gas Planning Applications by Ghandi12(op): 6:35am On Aug 14, 2015
New measures introduced by the UK government will fast-track shale gas planning applications in the country, the Department of Energy and Climate Change announced Thursday. The measures will identify local authorities that have repeatedly failed to determine oil and gas applications within a 16-week statutory timeframe, with subsequent applications potentially being decided by the government's Communities Secretary.

In effect, this means that the UK's central government will be able to override local authorities if they drag their feet when it comes to granting permission to frack for shale gas.

DECC said the plans will ensure local people still have a strong say over the development of shale exploration in their areas, but that they will also ensure communities and the industry benefit from a swift process for developing safe and suitable new cites.

Commenting on the new measures, UK Energy and Climate Change Secretary Amber Rudd said in a statement:

"As a 'One Nation' government, we are backing the safe development of shale gas because it's good for jobs, giving hardworking people and their families more financial security; good for our energy security; and part of our plan to decarbonize the economy. We need more secure, home grown energy supplies – and shale gas must play a part in that.

"To ensure we get this industry up and running we can't have a planning system that sees applications dragged out for months, or even years on end. Oversight by the Health and Safety Executive and the Environment Agency of shale developments makes our commitment to safety and the environment crystal clear. We now need, above all else, a system that delivers timely planning decisions and works effectively for local people and developers."

Welcoming the government's move to speed up decision making on shale gas applications, UK Onshore Operators Group Chief Executive Ken Cronin commented:

"The onshore oil and gas industry is committed to consulting and working with local communities to develop the gas resources that this country desperately needs to access. However, recent experience has shown that the planning process is unwieldy and the time taken for planning decisions has soared from three months to over a year, causing delay and cost and this is not the interests of local people, the industry, or indeed the British people.

"It is right that the government is acting to ensure that local people can have their say and that the highest standards of safety and environmental protection are met, but also ensuring that the planning process itself is fit for purpose.

"With over four in five of our homes using gas for heating and cooking, with gas being used by our manufacturing industries to make essential products and with over 80 percent of our gas predicted to come from overseas by 2030, it is essential that this country develops sources of this essential energy resource that is below our feet."

However, the UK's environmental lobby opposes the new measures. Naomi Luhde-Thompson, a planning adviser at the pressure group Friends of the Earth, commented:

"Bulldozing fracking applications through the planning system, against the wishes of local people and councils, will simply fan the flames of mistrust and opposition.

"Local authorities have been following the rules. These changes are being made because the government doesn't agree with the democratic decisions councils have been making."

In a recent interview with Rigzone, UKOOG's Cronin had complained about the long time currently being taken to decide shale gas planning applications in the UK when compared to other kinds of planning applications

- See more at: http://www.rigzone.com/news/oil_gas/a/140096/UK_Government_to_Fast_Track_Shale_Gas_Planning_Applications#sthash.ECsKVWuM.dpuf


Nigeria should expect further dip in oil revenue
InvestmentThe Strengths And Challenges Of Investing In Nigeria Oil And Gas Industry by Ghandi12(op): 6:24am On Aug 14, 2015
Nigeria presents a host of strengths as an oil and gas investment opportunity. As shown in BP's latest Statistical Review of World Energy, which was released in June 2015, the country holds the largest gas reserves (180.1 trillion cubic feet (Tcf)) and the second largest oil reserves (37.1 billion barrels) in Africa. BP’s annual World Energy Review also revealed that Nigeria is the largest oil producer and the third largest gas producer in the region.

Nigeria is the 12th-largest oil producing country in the world with an annual average upstream investment of $40 billion, Seplat Petroleum Development Company Corporate Planning Manager Kazeem Raimi noted in a recent presentation at the SPE London Annual Conference 2015. Approximately 70 percent of the government's budget comes from the oil sector, according to Reuters, which highlights just how important the oil and gas industry is to the West African country.

In his SPE Conference presentation, Seplat's Raimi confirmed that Nigeria plans to quintuple daily gas production and almost double daily oil production by 2020, adding that the country is targeting a significant reserves increase too. Nigeria is looking to raise its current gas output of 4 billion cubic feet per day to 20 billion cubic feet per day and raise its current oil production rate of 2.2 million barrels of oil per day (MMbopd) to 4 MMbopd, Raimi said. In addition, he noted that gas reserves are being targeted to increase to 300 Tcf and oil reserves are targeted to increase to 40 billion barrels.

Oil extraction costs in Nigeria are also favorable for investors, with the Unit Technical Cost of oil onshore the Niger Delta coming in at around $20 per barrel, which is approximately $30 per barrel cheaper than in regions such as the North Sea, according to Raimi. This suggests that, even at a $50-per-barrel oil price, the cost and potential profit margins of oil extraction and production operations from certain areas of Nigeria would still be highly worthwhile.

Despite the significant strengths outlined above, Nigeria also contains a variety of risks to oil and gas investors. In an overview of the Nigerian oil and gas industry published last year, advisory firm KPMG reported that the process of contract award in the Nigerian oil and gas upstream sector is "tedious and lengthy". The report stated that the duration of contract award between the initiation and eventual execution of an agreement can take as long as 36 months, which could affect the project economics of contracts, according to KPMG. In an effort to get around this problem, KPMG has indicated that companies tend to start the contract award process well in advance of the commencement of a project, in order to ensure that all regulatory and contractual approval processes are complied with before actual project execution.

KPMG has also reported that a recurring problem in Nigeria's upstream sector is the inability of the Nigerian National Petroleum Corporation to meet its funding obligations to joint venture operations, although the Federal Government of Nigeria has explored other models to try to provide permanent solutions to this issue. Other major problems faced by Nigerian oil and gas investors center around the topics of corruption and the theft and vandalism of pipelines, however the newly elected Nigerian President Muhammadu Buhari has claimed that he will combat these issues.

President Buhari, who was inaugurated May 29, stated during a four-day visit to the United States July 21 that his government will trace and recover what he called "mind-boggling" sums of money stolen from the oil sector, according to Reuters. The news agency claimed that the United States has offered to help Nigeria's new leader track down billions of dollars in stolen assets. As for the pipeline-related issues, which include vandals exploding gas pipelines and thieves piercing open oil pipelines, the president is looking to take a more aggressive military posture against the people behind these acts, according to a recent Wall Street Journal article.

Nigeria presents compelling advantages – albeit with a few concerns – for those looking to invest in oil and gas opportunities within the country. The strengths and opportunities Nigeria offers "outweigh the challenges" however, according to Raimi, who said that "with risks minimized, investors will extract significant value and achieve high return on investment".
[b][/b]
- See more at: http://www.rigzone.com/news/article.asp?hpf=1&a_id=140046#sthash.EYTBcBob.dpuf
PoliticsRe: Ooni's Burial Delayed As Man Designated To Be Buried Alongside King Absconds by Ghandi12: 5:43am On Aug 14, 2015
micronut:
Alex Reporters, you know you can be sued for this crap you wrote? You brought skirmishes of old news together to feed the public with lies.... Please, do us a favour by showing the following;
1. Where. the interview with chief Yemi Elebubon was held? if i it is not outdated interview.
2. Where did you get your findings that "Ife king" had an abobaku? If so, kindly tell us his name for Nigerians, because we wish to know.
3. Thirdly why do you hungry bloggers just weave nonsense together just to sell and gain traffic? The picture u pasted there is during one of ifa annual festival weeks, the two men you showed are dead, one is Agbongbon of the source, chief Akanni Falolu.
If you can not provide answers to the given questions, then am seriously disappointed.
How bloggers and lie crooners have suddenly come up with nonsense on daily basis, is becoming worrisome... I laugh most time when i see fabricated stories just to feed uninformed Nigerians.
Let me set it straight, "No Such thing as Abobaku in Any Yoruba land again and even Ile-ife" I challenge you to come with your evidence and i stand to be corrected.
As an indigene of ile-ife with requisite knowledge of Ife chieftaincy and Culture... It is important to make many Nigerians know that the issue of"Abobaku" was last witnessed in any Yoruba land, almost like 4 generations ago, Ooni never had any Abobaku, and nothing of such even in the days of his immediate predecessor, Sir Adesoji Aderemi who died in 1980. The closest to Ooni of Ife in any form or loyalty rank is called "Sarun Odua" and he is even an High chief. I wish Nigerians should fear God, as they have nothing to gain by discrediting YORUBA culture, just to make a point. If there is anything of such, tell us the name of the bearer. People should not just sit in their room and start twitting what is never the truth...
We should endeavour to get our facts right and never join badwagons to Paint Our Culture red. We should only condemn what is inhumane and not be an advocate to issues that makes mockery of the revered "Traditional Institution".
This is not the best way to correct certain norms, a false alarm is not only detrimental but also undignifying.
Thanks for these information

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