₦airaland Forum

GOATandYAMtheory:
The General Overseer of Mountain Of Liberation And Miracle Ministries (The Liberation City), Pastor Chris Okafor, fondly called ‘oracle of God’, has challenged Nigerians to pray against the plan of the Devil on the country, saying prayer was the only thing that could avert the impending doom. Prayer, according to him was necessary following a revelation he received from God.

The popular Lagos-based pastor gave this warning during an interdenominational service held at the headquarters of his church.

DAILY POST recalls that earlier this year, the servant of God predicted that a popular traditional ruler would join his ancestors.

He said, “God revealed to me that if prayers are not offered, the air disaster may occur and would claim many lives.”

According to him,in the vision, he saw an aircraft full of human blood and to this effect, he has called on all Nigerians to be vigilant and pray against an approaching air disaster that might shake the country. He went further to appeal to the management of the Nigeria Aviation sector to diligently carry out their duties.

http://dailypost.ng/2015/08/03/i-saw-an-aircraft-filled-with-blood-pastor-chris-okafor/

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no wahala....his blood and that of his members will be included in the plane

BabyDaddy20:
The Nigerian Army should stop fighting the Boko Haram, Let the allow the Boko Haram to wipe away their fellow Northerns, when they're done let me know what next they will do.

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the mag*got has spoken....but who takes his discuss serious...nairaland has made human out of some animals but in this case nematodes

BabyDaddy20:
The Nigerian Army should stop fighting the Boko Haram, Let the allow the Boko Haram to wipe away their fellow Northerns, when they're done let me know what next they will do.

...
the mag*got has spoken....but who takes his discuss serious...only a demented fellow like the magg*ot i jus quoted

Go it is not a scam.

hello bro...i just got a similar mail from brainstorm.....
YOU HAVE BEEN SHORTLISTED FOR A JOB INTERVIEW
WITH BRIMSTONE GOLDEN CONCEPT.
VENUE:BRIMSTONE OFFICE, SUITE 36 (3RD FLOOR)
70C NIKKY AFRICANA PLAZA, OPPOSITE UBA,
FIRST BANK BUS-STOP, ALLEN AVENUE, IKEJA LAGOS
DATE:THURSDAY, 8TH AUG 2015.
TIME:11AM.
H.R 080552404......
based on your previous advise...are you saying i should go it is not a scam and have you been to the place b4?....your help would be greatly appreciated...as i wud be travelling for 12 hrs to lagos and i wouldnt want to go only to realise it is a scam

helooo guys...i got this ... YOU HAVE BEEN SHORTLISTED FOR A JOB INTERVIEW WITH BRIMSTONE GOLDEN CONCEPT. VENUE:BRIMSTONE OFFICE, SUITE 36 (3RD FLOOR) 70C NIKKY AFRICANA PLAZA, OPPOSITE UBA, FIRST BANK BUS-STOP, ALLEN AVENUE, IKEJA LAGOS DATE:THURSDAY, TH AUG 2015. TIME:11AM. H.R 080552404.... i need help to comfirm...it seems like a scam

hello guys...i got this mail frm an application i sent ..... o YOU HAVE BEEN SHORTLISTED FOR A JOB INTERVIEW WITH BRIMSTONE GOLDEN CONCEPT. VENUE:BRIMSTONE OFFICE, SUITE 36 (3RD FLOOR) 70C NIKKY AFRICANA PLAZA, OPPOSITE UBA, FIRST BANK BUS-STOP, ALLEN AVENUE, IKEJA LAGOS DATE:THURSDAY, 8TH AUG 2015. TIME:11AM. H.R 080552404.... i need help...it seem like a scam

hello guyz..i got this mail YOU HAVE BEEN SHORTLISTED FOR A JOB INTERVIEW WITH BRIMSTONE GOLDEN CONCEPT. VENUE:BRIMSTONE OFFICE, SUITE 36 (3RD FLOOR) 70C NIKKY AFRICANA PLAZA, OPPOSITE UBA, FIRST BANK BUS-STOP, ALLEN AVENUE, IKEJA LAGOS DATE:THURSDAY, H AUG 2015. TIME:11AM. H.R ... what do you guys think...it seems like a scam

iyobs7:
We trust Buhari to make things right in the fullness of time...

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thankGod its obvious buhari didnt bring us to the mess we are now

wo1F:
All ye "change agents" that brought this plague on us all may feel the need to hold fire where Buhari is concerned.

Nigeria should prepare for 4 years of acute stagnancy. You voted out a champion of the free enterprise system and voted in a person who believes in a centrally controlled economy. So yeah..

APC!!! Chanji!!

Idiot.s

hmmmm slowpoke....so it is the chanji that brought about the stagnant economy abi....ignoramus

it is now a crime or a witch hunt for the efcc to investigate corrupt individuals...and yet they seen to be having the support of some sick nigerians....later we will all be shouting corruption....a main reason why the *our brother marginalised squad * will never rule this country even if their two neighbours have the seat of power for years...they would never be given that oppurtunity #smh

paulobi:
. I think. OBJONAS. Should not be taken serious in this forum. Becos. Most of his posts are sourceless and untrue If there is anything like sourceless in english.

yeah...infact i met with one of the interviwers who happens to be a neighbour of mine (though i only knew that after i have passed through the stress at the gate)..he told me that we were suppose to be callex on 29 of last month nd he was also wondering what was happnin...the good news is the fact he told me they interviwed about 6000 people and that the kaedco is intending to appoint almost 3000+ into it workforce meaning more than half of the people that did the intrview will be called...similar to what the other guy said....i wish us all the best..atleast this should make some of us happy

objonax:
The management of Kaduna Electric has again extended their workers contract by one month.

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mr man.. b4 u came to this thread all information obtained here has so far been reliable other than those from you...i wonder what you gain from the misinformation.. i

KingOfTalk:
The way this Shella b sef take get crush on this rape matter sef!! Shey na dream come true for her ni cos I no fit understand why you go wan bring another persin down by FORCE

..
i tell u... ebi like say the babe they happy say she was raped ....

sparkleRed:
Lol didn't want 2 comment since buh dude take a chill pill and be matured, u ve bin throwing insults since, u could pass ur opinion witout insult and remember opinion is an ass-hole, everybody is entitled to one...

Takia

hmmm.....u actually started it...i do understnd d fact that everyone is entitled to his or her own opinion...but u did started the insults by calling your fellow man a goat...
anyway sorry for that..i do not intend been insultive

funkybully:
[s][/s]

What then is "change" u goats were chanting all along if u are to continue from the ills of d past administration?

Do u know what change means or u r just being silly?

.....
when morons like you finally accepts the fact that the previous administration was a flop...then maybe we will start reasoning with morons..otherwise keep on wailing till 2019 when we will support the apc to use governmnt forces and rig the election....wailers should go nd die

franchizy:
Are there no Igbo's in the Army, why replace with another Northerner. The marginalization of the SE is quite annoying.
I condemn it, I condemn it and I call on PMB to request the reversal immediately or face our wrath.

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hahaha...igbos..when would they have sense.....
take a clue from tompolos maturity in getting what you want

Omenkata:
A. it's like you're underestimating the power of social media the evidence is daring and you still have the shame to support nonsense.

B. don't you think that Buhari is creating an anarchy government for himself and you expect pdp to just silently goto court without raising alarm isn't that dumb of you to think so?

C. don't tell me shut up next time

...guy shot the hell up.....was the last dss boss non partisan...oh marilyn orgar or whatever the spelling of her name is wasnt partisan.....keep wailing

Omenkata:
will you say this if it's Gej?
for Christ sake and for our conscience sake let's for once call a spade a spade with bias mind remember this is supposed to be an independent body.
your hypocrisy is just damn stinking it's better to keep mute if you don't know anything to say rather saying trash.

....

see this demented and degenerated mugu.....its simple...if you have a case go to court ......
so the last one wasnt partisan abi....oh you must have forgotten what happend to ekiti and osun state elections....foo*ls....Infact
if buhari dosnt rig the 2019:elections to thr favour of his party then he is the bigest fool ever...so u think the guy should be fsir...maybe u should ask the wailing party pdp if they were..

barcanista:
The DSS is part of the Civil Service like other Security Agencies. No member of the service are supposed to be linked with any political party. The loyalty of the DSS boss is to the Nation first because he has constitutional mandate. The position of DSS is not like the NSA or Ministers. It is a shame that Buhari is bent on soiling the reputation of the service in the name of partisanship.

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hrt attack want kill ds guy.......oh..the last one wasnt partisan abi...maybe you,ve forgotten what the dss did in ekiti and osun state elections.....youre to matured to be this bigoted

helpee:
While i rarely reply quotes, i must inform you that the trio of obama, joe biden and clinton ran the most divisive democratic presidential campaign in the history of democratic party in USA. So, if you must know, joe biden contested against obama in 2008 presidential campaign . In order to bridge the gap, obama chose joe biden as vice president and when they won, chose clinton as secretary of state so obama and biden were very much in opposition

my freind tell your pple to learn hw to play politics without bitterness....tell them to learn how to love the progress of other tribes and not to put your eggs in one basket...nd you should stop comparing nigeria with usa...if u blive the us has an advance military nd economy than nigeria then you should know that their democracy and ours would be different....other wise you can keep wailing....#wailing wailers go nd dieeee

jelal007:
#Yawns........wailing wailers. When Ihejirika was COAS,why didn't u complain? Its pathetic how people continue to peddle ethnic jingoism in d society (same tin dat brought GEJ down). Is it by appointing people 4rm ur place that matters? Or our focus should be good leadership? Let's ponder pls.

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dont mind the wailers oh...when gej gave them everything no body shouted....look at d appointments of the preivous administratn...
Dr. Anthony Anuforom
2.NNPC~Eng. Andrew Yakubu
3.NIMASA~Patrick Apobolokemi
4.PENCOM~Mrs. Chinelo Anohu Amazu
5.FERMA~Engr. Chukwu Amuchi
6.DPR~Mr. George Osahon
7.Bank Of Industry~Ms. Evelyn Oputu
8.Nigerian Content Dev. Agency~Ernest Nwanpa
9.Consumer Protection Agency~Mrs Dupe Atoki
10.NCC~Engr. Eugene Juwa
11.NAMA~Engr. Nnamdi Udoh
12.NCAA~Engr. Akikuotu
13.FAAN~George Uriesi
14.NCAT~Capt. Chinere Kalu
15.SEC~Aruma Otteh
16.Sovereign Wealth Fund~Uche Orji
17.NAFDAC~Dr Paul Orhil
18.FIIRO~Dr. Mrs. G. N Elemo
19.Maritime Academy Of Nigeria~Oron Joshua Okpo
20.Railway Corp. ~Eng. Seyi Sijuwade
21.Nigerian Tourism Dev. Corp. ~Mrs. Sally Mbanefoh
22.Budget Office Of The Fed. ~Dr Bright Okogwu
23.NERDC~Prof Godswill Obioma
24.NEXIM~Mr R. R Orya
25.Standard Organization Of Nigeria~Dr Joseph Odumodu
26.Nigerian Broadcasting Corp. ~Emeka Nkem Mba
27.Industrial Training Fund~Prof. Longmas Wapmuk
28. Nat. University Comm.~Prof. Okojie
29.NESREA~Mrs. N.S Benebo
30.MDG Office~Dr. Precious Gbenio
31.Surveyor General Of The Fed. ~Peter Chigozie
32.Statistician Gen. Of The Fed. ~Dr. Yemi Kale
33.Accountant Gen.Of The Fed. ~Mr. Jonah Otunla
34.Auditor General Of The Fed. ~Samuel Yonongo Ukura
35.Nat. Orientation Agency~Mike
36.News Agency Of Nigeria~Oluremi Oyo
37.NEPC E/S David I Adelugba
38.NEPZA~Mr. Olugbenga Kuye
39.BPP~Engr Emeka Ezeh
40.Niger Delta Ministry-Orubebe, etc...
PMb has done less than 15 appointmnts and they want kil them selves....Mumu* pple

PAINGAIN:
no one is playing victim. We r just pointing out that since u guys keep shouting one nigeria, u guys should also carry everyone along. The writer of this article was expressing his/her thoughts. As for me I hope no igbo is appointed into any position in this dispensation so that those ones that r supposed to be at the forefront for d fight for biafra should wake up. Buhari please don't appoint the igbos, we don't need it and we'll never need it. Igbos are not dependent on any federal appointments. We want biafra and ur actions r making more igbos embrace biafra. Udo dili umuigbo.

...your noise are too much...when gej did this...
Dr. Anthony Anuforom
2.NNPC~Eng. Andrew Yakubu
3.NIMASA~Patrick Apobolokemi
4.PENCOM~Mrs. Chinelo Anohu Amazu
5.FERMA~Engr. Chukwu Amuchi
6.DPR~Mr. George Osahon
7.Bank Of Industry~Ms. Evelyn Oputu
8.Nigerian Content Dev. Agency~Ernest Nwanpa
9.Consumer Protection Agency~Mrs Dupe Atoki
10.NCC~Engr. Eugene Juwa
11.NAMA~Engr. Nnamdi Udoh
12.NCAA~Engr. Akikuotu
13.FAAN~George Uriesi
14.NCAT~Capt. Chinere Kalu
15.SEC~Aruma Otteh
16.Sovereign Wealth Fund~Uche Orji
17.NAFDAC~Dr Paul Orhil
18.FIIRO~Dr. Mrs. G. N Elemo
19.Maritime Academy Of Nigeria~Oron Joshua Okpo
20.Railway Corp. ~Eng. Seyi Sijuwade
21.Nigerian Tourism Dev. Corp. ~Mrs. Sally Mbanefoh
22.Budget Office Of The Fed. ~Dr Bright Okogwu
23.NERDC~Prof Godswill Obioma
24.NEXIM~Mr R. R Orya
25.Standard Organization Of Nigeria~Dr Joseph Odumodu
26.Nigerian Broadcasting Corp. ~Emeka Nkem Mba
27.Industrial Training Fund~Prof. Longmas Wapmuk
28. Nat. University Comm.~Prof. Okojie
29.NESREA~Mrs. N.S Benebo
30.MDG Office~Dr. Precious Gbenio
31.Surveyor General Of The Fed. ~Peter Chigozie
32.Statistician Gen. Of The Fed. ~Dr. Yemi Kale
33.Accountant Gen.Of The Fed. ~Mr. Jonah Otunla
34.Auditor General Of The Fed. ~Samuel Yonongo Ukura
35.Nat. Orientation Agency~Mike Omieri
36.News Agency Of Nigeria~Oluremi Oyo
37.NEPC E/S David I Adelugba
38.NEPZA~Mr. Olugbenga Kuye
39.BPP~Engr Emeka Ezeh
40.Niger Delta Ministry-Orubebe, etc. May love, patriotism &
excellence form the basis of assessment of leadership. God
Bless Nigeria.By prof..chris Nwokobia...
.......no body shouted one nigeria then.....useless pple.....break from nigeria and face the consequence....fool*s

INTROVERT:
Well spoken. I don't think much will change after all the President has said on live tv that he won't treat the various regions in the country fairly based on "rlectoral votes" which if truth be told is very undemocratic, myopic and callous. Just like the examples given in the write up of "true" democracies in the world. GMB and APC are further eroding the trust and belief that we can coexist as one country in peace.


I must however add that despite all said GMB is a man of intergrity and even though the SE might not get many political offices as many have pointed out that in GEN administration many appiontees where of southern extraction. This north south east west divide will eventually break Nigeria and lead us to ruin because a house divided among itself cannot stand.

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story story...as i have said b4 nd i would say again....if the igbo entity are tired of nigeria..they can declare independence and let the nigerisn army do the needfull...all this noise no go reach anywhere....come to think of it...i taugth the wailing wailers dont accept anything from SAHARA REPORTERS ......oh i guess this a special case...SMH

natas22:
Morning bro, nice analysis but I have to fault your comments because of hate comments about a particular tribe
Please one Nigeria one love
www.

.morning sir...i would love to do dt bro...but those guys can be so self centred....and i got to no them more when i did my nysc....one nigeria ....but those who dont want that should be dealt with

natas22:
It takes a Wiseman to make such comments peace is the way out.


Kudos to government tompolo

Its only the wisdom from God that can help a man resolve two big problems, the problem of nass and Niger delta problem.

Thank God for sai buhari, his truly a gift from God




www.

What i have noticed about the south south people is the fact that they are smart and matured on national issues unlike the warlords nd war losers of Sumtin.East.....no wonder despite their minority they were smart to produce a president unlike the other one that calls it self *one of the three major language nd yet....it has not produce a politician with a national strenght nd recognition

argon500:
Despite elaborate efforts to sweep it under the carpet, facts have shown that a strategic alliance agreement between the Nigerian Petroleum Development Company (NPDC) and Atlantic Energy Drilling Concepts Nigeria Limited Limited (AEDCNL) has helped parties in the agreement to swindle the country. After wide-ranging investigations, Assistant Editor ADEKUNLE YUSUF uncovers the details of the deal that set back the country by about $2b.

It is an adventure laced with shoddiness. That perhaps is the most fitting silhouette for the Strategic Alliance Agreement (SAA) between the Nigerian Petroleum Development Company (NPDC) and Atlantic Energy Drilling Concept Nigeria Limited. From all available documentary evidence, the SAA, which paved the way for Atlantic Energy to operate some oil blocks during the administration of former President Goodluck Jonathan, has left the country short-changed of about $2billion, excluding hundreds of millions of dollars as bank loans and money owed to workers and contractors. After four years of the alliance, everything suggests that NPDC and Atlantic Energy owe Nigerians a lot of explanations regarding how some oil blocks – OMLs 26, 30, 34, 42, 60, 61, 62 and 63 – were handled between 2011 and 2014, including outright theft of proceeds from all the millions of barrels of crude oil lifted during in the four years.

A portfolio company

Like a well-choreographed movie, it all started on a measured pace. On July 19, 2010, Atlantic Energy Drilling Concept Limited (AEDCNL) was incorporated as a portfolio company. That was barely three months after Mrs Diezani Alison-Madueke, former Minister of Petroleum Resources, assumed office after her redeployment from Mines and Steel Development Ministry. Curiously, the company changed its name to Atlantic Energy Drilling Concepts Nigeria Limited (AEDCNL) on October 27, 2011. However, Atlantic Energy, even without prior record of successful experience in the oil and gas sector, announced that it had entered into a Strategic Alliance Agreement (SAA) with the Nigerian Petroleum Development Company (NPDC) in April 2011. That was exactly six months before AEDCNL was legally born. In a capsule, the company that claimed to have signed the SAA with NPDC was not legally in existence when the deal was shoddily consummated in April 2011. As unknown portfolio company, Atlantic Energy was operating from a temporary office accommodation before it opened office in 2012 at 32a Adetokunbo Ademola Street, Victoria Island, Lagos, after the NPDC fortune had smiled on it. With the NPDC contract in its kitty, Atlantic Energy embarked on a massive recruitment exercise, poaching good hands in the oil industry, which it used to actualise its planned scheme to play big in Nigeria’s highly shady oil and gas sector.

But all that never dissuaded partners in the deal from embarking on a hot business romance at the expense of the country. The SAA covered 4 Oil blocks: OML 26 – FHN; OML 30 Shoreline; OML 34 – Niger Delta Oil, and OML 42 Neconde, all sold by Shell /Agip and Total. It was obvious that the NPDC granted the SAA in absolute secrecy without following any due process as stipulated in the government procurement laws and policy. With the sale of the four oil blocks, in which the Federal Government owns 55 per cent, the National Petroleum Investment Management Services (NAPIMS), which oversees national investments in Joint Venture Companies (JVCs), Production Sharing Companies (PSCs), and Services and Services Contract Companies (SCs), transferred the ownership to NPDC as the upstream producing arm of the NNPC. Although the NPDC should have paid NAPIMS a signature bonus, no payment was made, leading to a loss of asset by the federation and loss of revenue that should have accrued to national coffers. This was confirmed by the recent PwC audit report, which audited remittances from NNPC to the Federation Account after the allegations by Sanusi Lamido Sanusi, former governor of the Central Bank of Nigeria (CBN) who is now the emir of Kano. The audit findings showed that remittances into the Federation Account were not up to date.

An unholy alliance?

The SAA is to enable Atlantic Energy provide fund and technical services and lift oil. Being a funding mechanism, the SAA is meant to enable the owner (NPDC) to accept its strategic partner (Atlantic Energy) to partake in the production sharing of the oil field at a fee called signature bonus, while the strategic partner is expected in return to fund the operations and provide technical support so that it can be reimbursed directly from the production in subsequent periods. Although a good idea that is said to be critical to the survival of the country’s oil and gas industry, the SAA was obviously not managed in the national interest, for it has helped parties in the deal to embark on a stealing spree of public fund after production liftings.

Up till now, industry watchers are still in a shock over how NPDC, which is peopled with some of the best engineers and technical experts, granted the SAA to a company that paraded no track record of requisite experience in the sector – all without following any process as stipulated in the government procurement laws and policy. Besides documentary evidence, findings within the sector showed that the deal was an unholy arrangement between Alison-Madueke, top NPDC officials and the duo of Kola Aluko, who is a known business ally of the ex-Minister, and Jide Omokore, a controversial business mogul who is a Peoples Democratic Party (PDP) stalwart, financier and kingmaker to some governors as well as many senators and members in the House of Representatives. Aluko and Mrs Alison-Madueke have denied any business ties.

NewTable New1Of the two promoters of Atlantic Energy, Omokore had no easily traceable previous experience in the oil and gas industry, while Aluko had.

However, drawing on its connections in high places, Atlantic Energy swung into plum business, having won the hearts of those at the helms of affairs – from the ministry and the Presidency. As contained in the SAA document, Atlantic Energy was supposed to pay a signature bonus of $245 million to NPDC, but it ended up paying $135 million – no thanks to legal terminology and simple mathematics that only parties in the deal could explain. The balance was remitted to the account of unknown people.


What should have gone to Nigeria
Inside the raw deals

Atlantic Energy approached two Nigerian banks for loans. Going by the books of Atlantic Energy, the loans were meant for the payment of signature bonus and cash calls to NPDC. Therefore, in 2011, it took a loan of $490million, with First Bank contributing $370million and Skye Bank $120million. At the beginning of the deal, Atlantic Energy actually paid the signature bonus of $135 and cash calls of $68 to NPDC from the loan, totalling $203 million out of $490million lifeline provided by the two banks.

But another weighty, if not damning evidence that was to expose the shoddiness of the SAA came in the early life of the deal. In 2011, shortly after securing the juicy contract, it was NPDC that lifted crude oil (947,096 barrels) on behalf of Atlantic Energy and remitted $102m into the coffers of its strategic partner; instead of Atlantic Energy to lift oil and remit proceeds. Why? It was because Atlantic Energy, a mere portfolio company at the time it was handed the sweetheart contract, was still too new and untested to even secure an export permit for such a venture as at the time, thus showing the level of involvement of the top echelons of the Petroleum Ministry and NPDC officials.

A detailed scrutiny of the cash calls schedules and other papers also showed that the plundering galore continued till 2012 and 2013. For example, in 2012 alone, Atlantic Energy paid cash calls worth $168m, but lifted crude oil of about 3million barrels valued, conservatively at over $350 million. Despite the differentials in remittances, NPDC continued to look the other way as Atlantic Energy lifted about 2million barrels of crude oil in 2013, valued at about $240million, but paid cash calls of $68million. In 2014, records also revealed that Atlantic Energy paid zero cash calls and lifted about 500,000 barrels of crude oil, valued at $54 million, with all the funs siphoned abroad as payments for vendors sources say are phony.

Table2Again, the promoters incorporated the Atlantic Brass Development Company Limited on February 5, 2013. As usual, it was hurriedly granted another set of SAA. The SAA covered another set of 4 blocks: OML – 60; OML – 61; OML – 62; OML – 63. Unlike in the previous deals in 2011 and 2012, when it paid a fraction of obligatory funds, the company simply pocketed all the proceeds, paying pay no signature bonus or any cash calls at all despite lifting about 8 million barrels of crude oil, valued at $800 million at the time. Instead various amounts of money were transferred to the accounts and investment companies in UK, Dubai and Switzerland. They also opened mirror accounts of Atlantic Energy Brass in the UK and Switzerland (see the table on foreign accounts).

However, with the fall of the administration of Jonathan, the chicken seemed to have come home to roost, as the NPDC, which seemed to have condoned all the infractions of its strategic partner, has suddenly woken from slumber. In a letter from NPDC, dated May 6, Atlantic Energy was asked to pay its outstanding indebtedness OMLs 26, 30, 34, and 42, totalling $573,668,090 (five hundred and seventy three million, six hundred and sixty eight thousand, ninety dollars).

“This is to inform you that we have not yet received any payment on outstanding cash call obligations after our reconciliation sign-off, dated August 28, last year. Kindly remit the sum of $573,668,090 (five hundred and seventy three million, six hundred and sixty eight thousand, ninety dollars) only, being amount due to OMLs 26, 30, 34, and 42,” said the NPDC.

An analysis of the reconciliation sheet revealed that the $573,668,090 was just a fraction of the cash calls, as some huge returns that were yet to be subjected to technical and financials by the two parties were not included.

But the bad state of finances on OMLs 26, 30, 34, and 42 paled when compared with that on OMLs 60, 61, 62 and 63 where Atlantic Energy owes NPDC a staggering $1,250,644,474.54 (one billion, two hundred and fifty million, six hundred and forty four thousand, four hundred and seventy four dollars).



“This is to inform you that we have not yet received any payment outstanding cash call obligations after our reconciliation sign-off, dated August 28, 2014. Kindly remit the sum of $1,250,644,474.54 (one billion, two hundred and fifty million, six hundred and forty four thousand, four hundred and seventy four dollars) only, being amount due on OMLs 60, 61, 62 and 63,” the letter said.

Atlantic Energy has also defaulted on the bank loans from First Bank Plc and Skye Bank. Instead of moving the proceeds of the liftings to the two banks to repay the loans and pay the obligatory cash calls, Atlantic Energy has transferred the funds through various related party companies. As at now, the loans have not been paid while the mounting interest element is also long overdue.

In a letter from Skye Bank, dated April 10, Atlantic Energy was reminded of repayment its outstanding obligations ($39,232,428.16) on the $120 million loan facility it took from the bank.

“Kindly refer to our various correspondence and discussions regarding your outstanding obligations on the above subject facility ($120 million). This is to remind you that the total sum of $39,232,428.16 plus accrued interest is past overdue for payment on your facility,” the letter said.

The letter was signed by Tutu Alu, manager, corporate banking group, and Tosin Faniro-Dada, relationship officer, corporate banking group.

Another letter from First Bank, dated February 20, tacitly refused a request from Atlantic Energy seeking to restructure the loan facilities it has received from the bank, hinging it on some stringent conditions.

“We refer to the meeting held on 19th February 2015 and your request for a restructure of your facilities coupled with lenders’ consent to change the ownership structure of Atlantic Energy. We wish to state that, even as we are mindful of the set timeline, we are constrained to progress your request further until we receive the following documents: (1) copy of the executed NPDC/Atlantic Energy reconciliation, (2) copy of executed NPDC repayment plan, (3) addendum to the SAA, (4) NPDC consent to the restructure of the company.”

The FBN letter also included the following conditions that must be met before considering Atlantic Energy’s request: “provision of standby Letter of LC to secure crude oil liftings, and payment of all overdue obligations, coupled with the injection of $100 million to reduce exposure to lenders.”

The letter was signed by Deji Abisola, business manager, corporate banking group (energy and utilities), and Jide Ayeronwi, group head, corporate banking group, (energy and utilities).

Also, in spite of the billions of dollars it has enjoyed over the years, Atlantic Energy has not filed its accounts with the Federal Inland Revenue Service (FIRS) as stipulated by law. Using an influential lawyer, who sources said is the company’s legal backbone, Atlantic Energy has continued to hold on to the legal advice that it is not liable to tax.

In a letter from FIRS, dated February 17 , Atlantic Energy was warned of the consequences of its refusal to submit the accounts and returns within the next ten days. It was signed by the duo of Okeowo Taiwo, and Ocheja E.F., FIRS’ manager (tax) and deputy manger (tax) respectively.

It reads: “It is worrisome to note that we are yet to receive the draft accounts/returns as promised. Let me remind you that the accounts/returns are long overdue for submission. You are advised to submit the accounts/returns within 10 days from the date of receiving this letter, failing which FIRS shall enforce compliance with the relevant tax laws.”

Transfers, cash withdrawals

Sadly, a company that could not meet its financial obligations was on a spending binge, with its directors living ostentatiously (owing private jets and armoured jeeps) and transferring huge sums – sometimes in billions and millions of naira and dollars – into accounts of both local and foreign organizations. And if the local transfers raised some red flags, so were the numerous transfers of millions to foreign accounts (see a table on foreign accounts) of Expedia Marine Company Limited, Energy Property Development Ltd, Petrochemicals Offshore, SPOG Petrochemicals Limited, Premium Aviation Services Ltd, Ibalex Nigeria Limited, and numerous others, where funds were paid at different times.

Interestingly, Atlantic Energy is enmeshed in huge debts – albeit self-imposed. But it seems the embattled company is not ready to go down alone. Not only has it closed its office, it also did not pay its staff for more than one year. It has equally defaulted in the payment of workers’ pension and PAYEs, leading to a mass resignation crisis that swept the company even before it closed its shop recently. Even business partners were not left out, as Atlantic Energy, which kept booking flight tickets and enjoying services from international and reputable companies, did not meet its obligations to its numerous clients, wrecking havoc on several businesses. Now, Atlantic Energy owes NPDC about $2billion, banks $550million, workers $5million, and other vendors $20million. This explains why the banks as well as NPDC appear helpless, as Atlantic Energy is frantically looking for investors to buy the company and the massive debts to boot.

The Nation learnt that the promoters of Atlantic Energy are negotiating a soft-landing with some people that are very close to the corridors of power with a view to refunding a paltry amount. Their stratagem is to sway the new administration to avoid the “unnecessary controversies” that a probe may generate so that they can be asked to go and sin no more. As part of a grand strategy to achieve their objective, some foot soldiers have been enlisted, including some highly-placed Nigerians, to reach out to President Muhammadu Buhari to strike a deal on their behalf, fearing that any inquiry into the books of NPDC and other agencies in the highly opaque oil and gas sector will most likely unearth a can of worms. Will President Buhari, who is widely revered as an incorruptible man, allow them to walk away free after what seems like clear financial crimes against the country? Time will tell.

Source: http://saharareporters.com/2015/07/27/between-diezani-jide-omokore-and-kola-aluko-inside-oil-deals-cost-nigeria-billions

.........any body were call this one witch hunt again na God go punish am with witches every were for him life

datola:
This kneeling down to ask: "will you marry me?" is neither African nor biblical.

Keep copying oyinbos while they laugh at you.

....
even your ring is neither african nor biblical ...infact the ring thing was actually practiced by the roman pagans and was forced into christanity when romans moved into it......christanity has deviated from its origin..

semitunde:
Lol. Well its too surreal ofcourse. You know, ants in your room cannot know or even imagine that there's a place called Australia, talk less of another set of ants living there. How will you let the ant know unless you take it there? And even if you do, will it still realise its environment has changed drastically.

We know only what we are allowed to know determined by our mind power and maybe even with help from higher beings. Cos really, an ant may not know its being helped to Australia na abi.

Who says, in terms of size, we are not even like ants, and our world is just a bit part of a table or chair for a much bigger being, just like atoms are
parr of the make up of our own objects. Who says even those even those electrons are not another world on a super microscopic level we are yet to know about or understand.

We know nothing abeg.

a smart mind is talking......the human mind is limited by our surrounding....to a paper "a 2D object" the humans " a 3D being" is virtually not existent....similarly we humans can not see or understand something living in the 4th Dimension.....it dosnt nean those things dont exist.....have you read about the theory of relalivity of time...you can understand from it that even time is relative to the observer...no wonder in islam Allah (SWA)said a day in His sight is like a 1000 years of our reckoning....and on the last day some pple will stand b4 their Lord for 50 000 years while to some it would just be like a day...depending on your actions..and He has said severally ..He Allah that He is the Lord of the suns, the moons and the worlds....using plural forms signifying that.. they are actually more than one of them
my brother...the human knowledge is soo small...it is only due arrogance and human weakness that has made us to think we know alot but frankly we virtually dont know anything about whats going around us..

semitunde:
Lol. Well its too surreal ofcourse. You know, ants in your room cannot know or even imagine that there's a place called Australia, talk less of another set of ants living there. How will you let the ant know unless you take it there? And even if you do, will it still realise its environment has changed drastically.

We know only what we are allowed to know determined by our mind power and maybe even with help from higher beings. Cos really, an ant may not know its being helped to Australia na abi.

Who says, in terms of size, we are not even like ants, and our world is just a bit part of a table or chair for a much bigger being, just like atoms are
parr of the make up of our own objects. Who says even those even those electrons are not another world on a super microscopic level we are yet to know about or understand.

We know nothing abeg.

a smart mind is talking......the human mind is limited by our surrounding....to a paper "a 2D object" the humans " a 3D being" is virtually not existent....similarly we humans can not see or understand something living in the 4th Dimension.....it dosnt nean those things dont exist.....have you read about the theory of relalivity of time...you can understand from it that even time is relative to the observer...no wonder in islam Allah (SWA)said a day in His sight is like a 1000 years of our reckoning....and on the last day some pple will stand b4 their Lord for 50 000 years while to some it would just be like a day...depending on your actions..
my brother...the human knowledge is soo small...it is only due arrogance and human weakness that has made us to think we know alot but frankly we virtually dont know anything about whats going around us..

Jeromejnr:
Actually billions of years in the future when it finally becomes a red giant. At that time life cannot exist on earth anymore.

I believe at that time Pluto itself will become hot. Even though Pluto is not really considered to be a planet anymore.

educate me...why is pluto no longer considered a planet

babadem2much:
If this strory is real, there must be someone responsible for the payment of their school fees. Despite the fact that am from d North i honestly feel their pains, the feder Govt gat to do the needful

..
honestly....most biafroids would be amased...but sincerely my love for you pmb wont stop me from saying the truth....pls do the needful asap to ensure this guys complete their program...it would be unfair if the loose at this stage

Editor1:
https://www.thecable.ng/tompolo-pressure-unpaid-ex-militants

...
.the biafra war lords wont be happy with this level of maturity....high blood pressure go kill some pple