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PropertiesRe: Your Landlord Will Not Allow You Read This by INTROVERT(f): 5:11pm On Jul 21, 2015
Seen
RomanceRe: BLOOD OATH: What Young People Need To Know. by INTROVERT(op): 5:07pm On Jul 21, 2015
Jorussia:
I surprise to hear am so.I have one guy in my area here,the guy and his first girlfriend made a blood covenant to be together till death separate them.He was 15 when he started dating the girl was either 14 or 15 then.The guy and his girlfriend will quarrel and they will still settle.The will fight each other, and every will conclude that will not come back again,but,after some few weeks they will still come back.I know that the guy and the girl have separated for some time now,but at age 36 and the girl also 36 they are not yet married. I know that the both of them must marry each other,if not, they will both remain single forever, excerpt one dies or God intervenes.
At 36 what are they waiting for again.
PoliticsRe: MTN-MTN-MTN: Please Help Me Beg, I Don't Need Their N2,000,000 by INTROVERT(f): 4:43pm On Jul 21, 2015
Abi
CelebritiesRe: Wizkid & Heavily Pregnant Tiwa Savage Having Fun At Don Jazzy House by INTROVERT(f): 4:39pm On Jul 21, 2015
OP I need a moniker like yours so that Nairalanders will think twice or thrice before mentioning me grin
SportsRe: Lionel Messi Collects £2.4million To Lay A Stone in Gabon! by INTROVERT(f): 4:24pm On Jul 21, 2015
Such a gargantuan amount to us is chicken fee to him.
PoliticsRe: Dambazau Receives Igbo Chieftaincy Title Of Ochiagha (WAR GENERAL) by INTROVERT(f): 4:23pm On Jul 21, 2015
Aight
PoliticsRe: Calistus Obi Is Acting NIMASA DG by INTROVERT(f):
Good




Modified...

This dosent in anyway pacify that geopolitical zone. We want more appointments. grin grin
Nairaland GeneralRe: Picture Of The Day: So Funny by INTROVERT(f): 4:22pm On Jul 21, 2015
RomanceRe: BLOOD OATH: What Young People Need To Know. by INTROVERT(op): 4:20pm On Jul 21, 2015
Tallesty1:
Lazy Boigringringringrin.


Nice One Introvert.


So you are the FTC on your own thread? Issorait.
No vex grin
PhonesRe: Seven Best New Android Apps by INTROVERT(f): 4:12pm On Jul 21, 2015
Ok
TV/MoviesRe: 7 Most Unbelievable Things That Happen Only In Nollywood! by INTROVERT(f): 4:11pm On Jul 21, 2015
shadowripper:
INTROVERT? No way!
RomanceRe: BLOOD OATH: What Young People Need To Know. by INTROVERT(op): 4:09pm On Jul 21, 2015
Farano Ishilove
RomanceBLOOD OATH: What Young People Need To Know. by INTROVERT(op): 4:09pm On Jul 21, 2015
Love is mighty powerful and at times it turn a decent individual into a freak in just a blink of an eye. I just want to share with you people the side effect of falling in love with our brain instead with the heart. I don’t usually write about people though but this one makes my heart bleed so I decided to write it just to awake those of us that are sleeping on this crazy feeling called love.

Parents need to be alert and watch their children well because this younger generation are like climate they change from good to bad and some even extend it to real bad. I don’t know if our parent even think about they children sometimes like WHAT ARE MY KIDS DOING WHEN AM OUT OF THE SCENE , for the truth I say they don’t have time to ask their children such questions.


I grew up learning everything I know myself I makes rules for myself and I lived up to them, I just discover that some young people live life like they were born to live wild. Maybe its because our so called guardian are to busy chasing pavement trying to get all the paper in the world.



They let their kids accept things they don’t know better , younger people get too expose to reality in the age they are not supposed to. Sometimes I ask myself do I really need to be in a relationship at this age?. I get stocks in the moment as the sky turn blue then my imaginary friend talked to me saying love is scam, maybe she’s right but people won’t still agree with her thoughts.


Love is like gasoline its highly inflammable it can destroy when you don’t have a clear view or understanding, teenager are being misled every day ,they think love is all the need I don’t blame them though.

The pointed am trying to bring out when i took shot at parent and i also used myself as an example is that our parents need to bring us up in the way we should go, they need to restrict young people from using or involving themselves from certain act. And children too need to learn how to choose what and who they keep company with and the type of company to keep.
Guardians cant walk around with them all, they or know what they are doing outside. But the craze of the moment seems to be on the wrong side.



I met a young boy who we got to discuss about relationships matter so along the line he told me that loves his girlfriend so much that they are planning on talking blood oath to prove they love.

I sat him down and told him to relax, I tried to change his mind set by telling the wrong side of what his attempting to do, I talked to him properly like I was recording task I know he wants to prove the beautiful blind love before he turn off the light, I succeed in wining him and i exposed him to the lamb lights.

He smiled and appreciate me for being such and angel even though he was still lost in thoughts but I know he wont take my advice for granted. And I will try to talk to him from time to time till his totally free from love fever.


Why would a young boy who is yet to know what reality have such thoughts of taking oath just to prove his love.Imagine how the future of the young boy would have been twisted if i didn't have the opportunity to meet him. Lets know why people in general takes oaths.




Why Do People Take Oaths In Relationships?



People risk life some numerous of priceless reason in the name of being crazy and drunk in love.
One the reason why people take oath is the fear of losing one person so they think blood covenant bond is the strongest and it can make them stand a test of time but they forgot that nothing with bad foundation last.
There is only one reason though it can split into many but if you look at it closely they all fall in the line.
Insecurity ,lack of trust, greed.


What Young People in Love Need to Know about Blood Oath.



Exchanging blood oath is like putting a price on your head,selling your soul to the devil of by force faithfulness to each, its usually done by cutting both lovers fingers then words are commanded inform of swearing to any thing they wish and later the blood is mixed and drink or sucked
( vampire things) .Blood is life and its meant to respected. We show respect for blood by not eating it. (Genesis 1:29 ; 9:3,4. Leviticus 17:13, 14 ).

There are side effects of blood covenant, being attached and committed to one person is not an easy task. Even relationship bond by mere love is full with alot of complications then the one bind by spiritual entity. Breaking free isn't that easy.





What To Do To Avoid Being Deceived into Blood Oath.



Abstain from relationships until you are matured enough to deal with it.
Beware of any negative partner who ask for blood covenant or suggest such bond.
Be a man or a woman with a mind of your own, lets your no be no don't allow people control you.
Can you take with blood covenant with your boyfriend or girl?.


I will like to hear from you so please use comments to share your thoughts.




Source: http://www.iam-daniel.com/2014/01/Blood-Oath.html?m=1

PoliticsRe: London Police To Recruit Yoruba Constables by INTROVERT(f): 4:03pm On Jul 21, 2015
Ok
PoliticsRe: Bailout: Osinbajo, NGF Chairman Meet Over CBN Loan by INTROVERT(f): 3:57pm On Jul 21, 2015
Good move
TravelRe: Jos: A Land Of Magnificent Beauty by INTROVERT(f): 3:54pm On Jul 21, 2015
What about their dark skinned girls?
PoliticsRe: Melaye Defends Saraki, Labels Aggrieved Lawmakers Myopic by INTROVERT(f): 3:53pm On Jul 21, 2015
grin
RomanceRe: 10 Alarming Signs You Are Dating Another Woman’s Boo by INTROVERT(f): 3:51pm On Jul 21, 2015
Ok
PoliticsRe: Revealed! Inside The Oil Deals That Cost Nigeria Billions! by INTROVERT(f): 3:50pm On Jul 21, 2015
I posted something like this one hour ago but the gods of this forum in their wisdom removed/hid it. angry
RomanceRe: The Beauty Of Single Life. by INTROVERT(f): 3:49pm On Jul 21, 2015
How I wish you posted it all here. Interesting topic grin
Nairaland GeneralRe: Opinion: Nairaland Statistics (2015) by INTROVERT(f): 3:39pm On Jul 21, 2015
I disagree
PoliticsRe: More Photos From The Dinner Hosted In Honor Of Buhari By The US CCCCA by INTROVERT(f): 3:38pm On Jul 21, 2015
Ok
PoliticsIs This True? by INTROVERT(op): 3:35pm On Jul 21, 2015
What do you think?

PoliticsRe: Privatization Of Gas, Solid Minerals, Others Will Continue – Buhari by INTROVERT(f): 3:33pm On Jul 21, 2015
Good
PoliticsRe: Chief-Of-Army-Staff, Buratai Playing With A Large Snake (Photos) by INTROVERT(f): 2:01pm On Jul 21, 2015
Pythons don't bite.
PoliticsRe: How Nigeria Lost $2b In Oil Contact's - THE NATION by INTROVERT(op): 1:59pm On Jul 21, 2015
CC lalasticlala mods
PoliticsHow Nigeria Lost $2b In Oil Contact's - THE NATION by INTROVERT(op): 1:59pm On Jul 21, 2015
http://thenationonlineng.net/revealed-how-nigeria-lost-2b-in-oil-deals/


NPDC, FIRS, banks, workers, contractors demand payments

It burst onto the scene with a bang, shaking the elite oil industry.

By the time it left the scene – with a whimper – after four years, it took with it billions of dollars that should have gone into the Federal treasury.

Now, creditors, including members of its staff and contractors, who are owed a fortune, are wondering what happened to all the cash.

But the promoters of Atlantic Energy Drilling Concepts Nigeria Limited (AEDCNL), which entered into a Strategic Alliance Agreement (SAA) with the Nigerian Petroleum Development Company (NPDC), seem to be quiet. Among them are prominent businessmen Jide Omokore and Kola Aluko.

The SAA, which paved the way for AEDCNL to operate some oil blocks during the administration of former President Goodluck Jonathan, has left the country short-changed by about $2 billion.

Besides, there are hundreds of millions of dollars in bank loans.

After four years in 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. Not all the proceeds of the crude oil lifted in the four years seem to have been accounted for.

The SAA covered four 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 signed the SAA without due process as stipulated in the government’s 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 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 the nation’s coffers. This was confirmed by the PwC report on the audit of remittances from NNPC to the federation account after the allegation by Sanusi Lamido Sanusi, former governor of the Central Bank of Nigeria (CBN), who is now the emir of Kano, that no less than $20million oil money was missing. The audit showed that remittances into the federation account were not up to date.

The SAA was to enable Atlantic Energy provide funds 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 (signature bonus). The strategic partner is expected to return, 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; it has left many financial gaps.

Atlantic Energy was supposed to pay a signature bonus of $245 million to NPDC, but it paid $135 million – no thanks to legal terminology and simple arithmetics that only parties in the deal could explain. The balance was remitted to the account of unknown people .

Atlantic Energy approached two banks for loans. The loans, said the company, were meant for the payment of signature bonus and cash calls to NPDC. In 2011, the company took a loan of $490million. First Bank contributed $370million and Skye Bank $120million. At the beginning of the deal, Atlantic Energy paid the signature bonus of $135 and cash calls of $68 to NPDC from the loan, totalling $203 million out of the $490million provided by the two banks. The rest was sent overseas by the shareholders of Atlantic Energy. And all this was done through transfers, payments to companies and cash withdrawals without contracts.

In 2011, NPDC 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. Atlantic Energy, a mere portfolio company at the time it was handed the by contract, was 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 .

A detailed scrutiny of the cash calls schedules and other papers also showed what an industry source described as the “plundering galore” continued in 2012 and 2013. For example, in 2012, 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, valued at about $240million, but paid cash calls of $68million.

In 2014, Atlantic Energy paid zero cash calls and lifted about 500,000 barrels of crude oil, valued at $54 million. The funds were transferred overseas as payments for vendors.

Omokore and Aluko incorporated the Atlantic Brass Development Company Limited on February 5, 2013. It was granted another set of SAA. The new SAA covered four blocks: OML – 60; OML – 61; OML – 62; OML – 63.

If the deals on OML 26, OML 30, OML 34, and OML 42 were reprehensible, what was done on OML 60, OML 61, OML 62, and OML 63 was questionable. 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 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.

All this went on unhindered, with the connivance of government ministries and parastatals, as cash was transferred to the accounts and investment companies in UK, Dubai and Switzerland. Mirror accounts of Atlantic Energy Brass were opened in the UK and Switzerland. All the proceeds of crude oil that were lifted were pumped into the accounts.

However, with the Goodluck Jonathan administration gone, the chicken seems to have come home to roost. The NPDC, which seemed to have condoned all the infractions of its strategic partner, has suddenly woken up from its slumber.

In a letter from NPDC, dated May 6, 2015, Atlantic Energy was asked to pay its outstanding indebtedness on 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, 2014. 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 letter.

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 financial analysis by the two parties were not included.

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

In another letter from NPDC, dated May 6, 2015, Atlantic Energy was reminded of its outstanding indebtedness.

“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 , The Nation learnt, 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, 2015, Atlantic Energy was warned of the consequences of its refusal to submit its accounts and returns within the next 10 days. It was signed by Okeowo Taiwo and Ocheja E.F., FIRS’ manager (Tax) and deputy manager (Tax).

The FIRS letter 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.”

The Nation’s attempt to speak with Atlantic Energy did not yield any result – as at last night. It was impossible to speak with any official of the company as it has since closed shop. Members of staff said as at the time the office was closed, their salaries had not been paid for over one year.

SportsRe: Mikel Obi Verified On Instagram (First Nigerian) by INTROVERT(f): 12:58pm On Jul 21, 2015
kossyablaze:
U got my other mention in ur thread?
Yea i did and i thought I was dreaming actually. No p, thanks, I appreciate kiss
PoliticsRe: Buhari Calls Apc ( All Nigerian Peoples Congress) During His Meeting With Obama by INTROVERT(f): 11:33am On Jul 21, 2015
Na mistake na
Jokes EtcRe: LMAO!! Traffic Police In Congo Make Their Nigerian Colleagues Look Like Saints by INTROVERT(f): 11:32am On Jul 21, 2015
Hmmm
PoliticsRe: Fayose Attacks Obasanjo For Criticising Jonathan by INTROVERT(f): 9:09am On Jul 21, 2015
Ok
Jokes EtcRe: What Happens To You When Peeps Realise You Are Rich(pic) by INTROVERT(f): 9:06am On Jul 21, 2015
Yes

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