SmartPolician: When you have an old president, he will inaugurate new projects from Abuja. But if it's time to travel to Paris, he won't think twice before visiting.
President Bola Ahmed Tinubu and his administration are under serious fire—why? Because dem allegedly commissioned a road project that no dey complete! Yes, you heard that right.
This na about the much-hyped Lagos-Calabar Coastal Highway project. Wey dem claim say 30km don already complete. But Nigerians don vex! Many people say—na pure propaganda, lies, and political drama!
A concerned Nigerian don come out boldly to debunk the whole matter. In his own words, he say:
“I am here to debunk Bola Tinubu and APC lies. Dem say they’ve done 30 kilometres of road—but that’s a BIG FAT LIE. What they’ve truly completed is not even up to 5 kilometres! From Rufus and Bees down to Blue Waters and Silverbird road, yes, that one dey maybe 70 to 80% done. But the rest? Alpha Beach? Orchid? Oko Aja? Na sand-filling dem still dey do!”
Guys, na who dem dey deceive like this?
And e no end there—NEFGAD, a respected public procurement group, don also raise alarm. Dem say the road is unfinished, unfit, and misleading to be commissioned at all.
This project is supposed to be a 750km game-changing highway across Nigeria’s coastal region. But instead of finishing the job, the Minister of Works, David Umahi, rush go dey commission just 30km—and call am a victory?
NEFGAD no gree. Dem warn say this kind of action dey undermine public trust, and if we keep quiet, commissioning half-baked projects will become the new normal. Imagine turning serious national projects into photo ops and political shows.
Even Omoyele Sowore don enter the matter! The #RevolutionNow convener and former presidential candidate say:
“Commissioning an uncompleted project should be regarded as TREASONABLE FELONY!”
He say Tinubu must face criminal charges for misleading Nigerians with empty gestures.
Now, the big question be this: Why the rush to commission something that’s clearly not done? Is this about genuine development—or just a desperate attempt to score political points?
Guys, I’ll let you watch this video for yourself so you can see exactly what I’m talking about. Also don't forget to like, share and subscribe to this channel if you haven't already done so. Take a look guys, and remember to share your thoughts after watching.
That means it has not even compared to the levels that was reached under buhari, let alone the pdp era.
But the sycophants are here praising tinubu.
There's no time between 1999 and 2015 we exported as much as we're exporting now. You just love wailing because a Yoruba man is the president of Nigeria
The naira is now finding it's foot, it's no more falling like before. On the long run, the naira will strengthen against the dollar. Nigerians are no more hoarding the dollar like before.
Abagworo: Exporting natural resources is not mark of development but exploitation of the real owners. It will only make sense if the owners get all the money and pay tax to government.
When Jonathan is the president, dem tie his hands, legs and mouth to make the moves that will let states control their resources?
The funny thing is that if Tinubu make a move that will make the states start controlling their resources, if the north is against it, most of your people will join the north and move against it.
A lot of igbos on nairaland and twitter totally supported and cheered northern politicians who were against Tinubu's tax reform. Northern politicians were against it because of the way the money will be shared among the states and LG.
ogododo: In December 2024, eight months after it was incorporated, Panout Oil and Gas Limited was awarded two oil blocks—PPL 300 and PPL 301-CS—in what the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) hailed as a “keenly competitive process.”Nigerian cultural tours
On May 14, 2024, the Nigerian government made headlines when it announced the official start of bidding for oil blocks in the country as part of the 2024 marginal fields bid round.
Speaking at the Miami, Florida International Roadshow in May 2024, Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), declared the bidding process officially open.Nigerian cultural tours
He also noted that although the exercise had first been announced on April 29, 2024, it marked a significant step forward in Nigeria’s strategic hydrocarbons development plan.
Nigerian cultural tours The Bola Tinubu government called for applications to acquire 12 oil blocks and seven deep offshore assets.
Interestingly, SaharaReporters has learned that just eight days before this official commencement of bidding—on May 6, 2024—a company named Panout Oil and Gas Limited was registered with the Corporate Affairs Commission (CAC). This newly formed company would later participate in bidding for oil block licenses in the same round and win two oil blocks.
By June 12, the government had further expanded the offer, announcing an increase in the number of oil blocks available in the 2024 marginal bid round.
In December 2024, eight months after it was incorporated, Panout Oil and Gas Limited was awarded two oil blocks—PPL 300 and PPL 301-CS—in what the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) hailed as a “keenly competitive process.”Nigerian cultural tours
However, a closer look at the bidding criteria published by the NUPRC has raised serious questions about how Panout Oil and Gas Limited—a company registered just two days before the official bid announcement—managed to secure two of the coveted oil blocks.
According to the pre-qualification guidelines available on the NUPRC website for the 2024 marginal bid round, the agency stated, "Prospective Bidder or Bidder which is a newly incorporated company in Nigeria, shall be qualified with the information of the parent company or aggregate information of its shareholders and their affiliates."Nigerian cultural tours
Checks, however, reveal that Panout was registered as an independent company with the CAC, not as a subsidiary of any other entity.
A review of the company’s beneficial ownership records in the CAC registry shows that only one individual—Alao Saheed Olatubosun—is listed as having significant control. In fact, the data indicates that he owns 100% of the shares, with no other shareholders or corporate ownership listed. This suggests that Panout is not linked to any parent company.
Regarding the requirement for "financial viability assurance," the NUPRC listed the following conditions: “Statement of Profit or Loss & Comprehensive Income; Statement of Financial Position (Balance Sheet); Statement of Change in Equity; Statement of Cashflow; Notes to the Accounts; Auditor’s Report; Management’s Discussion; Governance and Ownership Structures; Five (5) years of Financial Summary."
It remains unclear how a company that was only two days old before the bid announcement—and just eight months old when the winners were announced—was able to meet the NUPRC’s financial and documentation requirements.
Other conditions listed include evidence of a verifiable source of funding, which may be any of the following: Minimum average annual turnover of US$200 million for deep offshore; minimum average annual turnover of US$50 million for onshore and shallow water assets; minimum cash in bank of US$200 million for deep offshore; minimum cash in bank of US$50 million for onshore and shallow water assets; bank guarantee to the tune of US$200 million for deep offshore; bank guarantee of US$50 million for onshore and shallow water assets and a market capitalisation of not less than US$1 billion for deep offshore and US$200 million for other categories.
The sole listed owner of Panout, Alao Saheed Olatubosun, is also the Chief Executive Officer of Blueprint Business Technology, an IT firm.
A review of the company’s website by SaharaReporters found no evidence that Panout Oil and Gas Limited is listed as a subsidiary or affiliate of Blueprint Business Technology.
SaharaReporters attempted to reach the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) through the contact number published on the 2024 licensing round portal, which is said to be operational 24 hours a day for inquiries. However, the line failed to connect.Nigerian cultural tours
As of the time this report was filed, text messages sent to the number seeking comment had not received a response.
..thesame way they send tribalistic Commissioners & Army personnel to the East to aide & Abett the killings, kidnapping & terrorism of Ndigbo...is also thesame way they send wicked & heartless tribalists to the SS.. to kill innocent people while they provide cover-up for the terrorists...
..tommorrow...they will say SS people are benefitting from Thief'nubu's maladministration..because of wike & Akpabio..
Where's your evidence the police kill innocent people?
Streetinvestor2: The igbos are better off with the north. History has proven it.The SE will align with north in 2027.The are having meetings as we speak. Go tell SW president
Politics › Re: Tinubu Inaugurates 180MW Afam II Power Plant In Afam, Rivers State by Ikaeniyan0: 8:36pm On Jun 04, 2025
