₦airaland Forum

quomo:
Hello World1. I had previously requested to be included in the group. It seems this was never done. Kindly add my number- 08094506181 : Quomo.Thank you.

How gizzard dey be?

SA Police raided a home in SA and found drugs in the bathtub, the suspect jumped off a 7 storey building into the pool and escaped


They get to SA , start buying Benz SLS AMG , among other high end machines with proceeds from illicit trades


But then , I do not support any form of killings

hmmmm
Men of their pockets claiming men of God

Exactly , Buhari has not said anything about his rigging , and according to intellects , Those who keep quiet are most dangerous

Stalwert:
Wike the fool of portharcourt... begging for a soft landing.

AzzlICKers will soon do what they do best

Every sane person in the country and outside knows that's Wike's voice and in saner climes, the consequences would have come faster than daylight

But oh-well , We live in a country

Who born monkey ? why dem no go run ?

hmmmmm


I love the responses i have read so far , A demented question indeed


When you see a fresh wailer, you will know

A they probably have more than 1 flag


B why must you complain about Victory ?


C is it the flag that matters or the victory behind it ?

IslamaBad

The people who don't give a fvck are majority of those being killed

But who gives a shhuyyyyt anyways ?


And OP , continue dreaming , SA will trash your army 10x10 x 5 years time continuously

And it's not meant to downgrade any tribe , but you happily or should i say gleefully announced it's Yoruba women


Continue

Recent headlines have reminded us that the Nigerian National Petroleum Corporation (NNPC) under former President Goodluck Jonathan discretionarily spent billions of dollars in public revenues, unfettered by strong rules or oversight. This problem has
persisted since President Muhammadu Buhari took office NNPC sells several streams of crude oil. Below, we look at the three streams where NNPC fully controls the proceeds, and find that NNPC retained two thirds of the sale proceeds from them ($3.9 billion) in the second half of 2015. The government should move to curb the corporation’s discretionary, unaccountable use of much-needed public funds.
In mid-March, Nigeria’s auditor-general reported that NNPC withheld N3.2 trillion ($16 billion) in oil revenues from the country’s treasury in 2014

1 The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) quickly piled on with a bigger number: the company retained N4.9 trillion ($25 billion) in revenues between 2011 and 2015.

2 NNPC disputed the auditor-general’s claims by putting out a third set of figures, and promised that a forensic audit, due soon, would validate its position.

3 Prompting déjà vu, these findings echo the 2013 accusations of former Central Bank of Nigeria (CBN) Governor Lamido Sanusi, who alleged that NNPC had failed to remit $49.8 billion in oil sale proceeds over nineteen months, thereby kicking off a slew of claims and counter claims. In the 2015 report Inside NNPC Oil Sales, we further documented the scale of the problem and debunked NNPC’s efforts to explain it away.

4 In 2014, auditors for PricewaterhouseCoopers (PwC) reviewed NNPC’s oil sales system, and wrote: “[NNPC has a] ‘blank’ cheque to spend money without limit or control. This is untenable and unsustainable and must be addressed immediately.”

5 The statement remains true today. As we explain below, no agreed rules govern how much money the NNPC can keep, and how it can spend those funds. As a result, NNPC under President Buhari’s administration still retains a major share of oil sale earnings and spends them at will. Until the government instates clear rules for NNPC financing, both the controversies and the underlying revenue leakages will persist.


DESPITE POSITIVE STEPS, MAKESHIFT PRACTICES REMAIN

Thanks to low oil prices and President Buhari’s personal resolve to tackle graft, the government has made positive changes in how NNPC sells the nation’s oil. Led by deputy petroleum minister and NNPC head Emmanuel Kachikwu, the new government
has cut the number of passive, well connected middlemen that pocket money from sales.

6 It has canceled costly, unbalanced NNPC swap contracts

7 and sought more efficient replacements.

8 And notably, NNPC now publishes monthly financial data, and


1 Office of the Auditor-General of the Federation of Nigeria, Highlights of Observations on the 2014 Annual
Report by the Office of the Auditor-General of the Federation, submission to the Nigerian Parliament dated
March 14, 2016.

2 Camillus Eboh, “Nigeria’s state oil company withheld $25 bln between 2011 and 2015 – RMAFC,” Reuters,
March 22, 2016.

3 NNPC, “Press Release - Re: NNPC Failed to Remit N3.235 Trillion in 2014 – By Auditor General of the
Federation,” March 16, 2016.

4 Aaron Sayne, Alexandra Gillies and Christina Katsouris. Inside NNPC Oil Sales: A Case for Reform in Nigeria
(Natural Resource Governance Institute, 2015).

5 PricewaterhouseCoopers, Investigative Forensic Audit into the Allegations of Unremitted Funds into the
Federation Accounts by the NNPC (2015), 16.

6 For more on this issue, see Sayne, Gillies and Katsouris, Inside NNPC Oil Sales, 46-59.
7 NNPC, “Press Release - NNPC Cancels Contract for Delivery of Crude Oil to Refineries,” August 26, 2015.
8 NNPC, “Press Release


http://www.resourcegovernance.org/sites/default/files/documents/nrgi_nnpc-still-holds-blank-check_0.pdf

lalasticlala, mynd44 , seun


If i go school and i sure say i go school wetin this writeup dey talk be say na since 2011 NNPC don dey hold money for hand any how , and dem do am reach mid 2015 , but in the end , dem come talk say sai Buhari wey don do something for the NNPC matter , say he don better pass before and dem even suggest wetin Buhari go fit do , I fit be mumu , but this thread https://www.nairaland.com/3545190/4.2-billion-missing-nnpc-under dey try talk say Buhari dey allow this thing

saxwizard:
why is her cloth like that na shey she want me to be seeing wat am not supposed to be seeing ni I b man of God abeg

You didn't see anything

That's the Clash of the Eyes

Second image looks like your babe

GMBuhari:
Hehehehe

lolest

His prophesy is not my business but he may be unto something here

Provided the forex scarcity can be reduced or ended

Price Control Board is actually making sense

The greedy traders will make less profit , some of them make at least 200% on each stock or item , blaming it all on forex and high transportation cost , meanwhile they are still selling what they have in their warehouse

There will be transparency , All imports will be declared, Customs will be aware and be paid their dues , which means we'll know who has what and the cost they bought it , so all these lies about cost increasing from source will reduce

There are so many more advantages but i am sure those greedy traders will want to fight back


Citing PMS as example , ever since that regulatory board said petrol must not sell more than 145, I have seen 140, i have seen 142 , i even heard of 138 , all these prices without subsidy , which means these people make excessive profits at the expense of citizenry another form of looting that was never investigated, i remember a few years back and several months ago to be precise , petrol sold for as much as 450 in Lagos and upto 600 in the east


Price Control Board is the way to go , we should also arrange for farmers and encourage farming by all means , as a matter of fact , Farming should be a must for every nigerian, even if it's a garden , we add that to constitution there'll be excessive food to eat, sell and export , i mean real food unlike Phantom Ugwu export stories

God has helped us in Nigeria , We should help ourselves

And this is the man General Overseer said is reasonable and fighting for his people ?

THERE WAS NO SNAKE


False information

broken news

bentlywills:
Who is blame now?

The station manager or the Trigger happy police officer?


RIP Eto'

Some people prefer to blame Buhari


it's a case of Dog eat Dog though , i hope that petrol station or the manager is dealt with and of course the over zealous officer , but of course the person who called police probably said the guy was an armed robber

people dey NL dey beg phone some ones dey use Iphone for experiment

Bet why

Walahi , this is not the time to steal from anybody


I am afraid for those self proclaimed MMM agents come this January

He go red gaan

Endangering her by uploading her pictures

hehehehehe

Exactly right ??

wahles:
Awful, but aw does a mad man use 2 sane people for ritual?

Or 2 sane people used 1 mad man for ritual?

Now am lost

And they look better , well fed and fit when they come back, they even get paparazzi too

EYIBLESSN:
Hmmmmmmm. . No wonder some set of People prefers International prison. Hence they commit punishable crime.

i wanna see the several passports and fetish crime

Brain brain come again , never leave me another day , OP needs his brain to write on here

Buhari with no economic team managed gather $25B external reserves


If there was anything in the reserve, would the total be $25B?


Anyways, wailers will still come and curse Buhari , even though their own father's failed woefully at controlling thier own family, not to talk of a whole nation of mind Fucccked people



I hope the reserves continue to rise, that's only how our exchange rate to usd will reduce


Kudos baba Buhari