₦airaland Forum

theemy:
This idea of bringing someone from naija to marry doesn’t often go well, marry someone from where u are Chilean.

SECTION 175 OF THE CONSTITUTION OF THE FEDERAL REPUBLIC OF NIGERIA

175. (1) The President may -

.........(a) grant any person concerned with or convicted of any offence created by an Act of the National Assembly a pardon, either free or subject to lawful conditions;

........(b) grant to any person a respite, either for an indefinite or for a specified period, of the execution of any punishment imposed on that person for such an offence;

.........(c) substitute a less severe form of punishment for any punishment imposed on that person for such an offence; or

.........(d) remit the whole or any part of any punishment imposed on that person for such an offence or of any penalty or forfeiture otherwise due to the State on account of such an offence.

2) The powers of the President under subsection (1) of this section shall be exercised by him after consultation with the Council of State.

3) The President, acting in accordance with the advice of the Council of State, may exercise his powers under subsection (1) of this section in relation to persons concerned with offences against the army, naval or air-force law or convicted or sentenced by a court-martial.

yelanst: @egift and lacasa,
I cannot vouch for the credibility of the YouWIN program but i can testify to the fact that my emergence as a winner was based on a fair playing ground and likewise some of my colleagues.I applied for this program at Tel Aviv, Isreal, and returned to Abuja,Nigeria, sometimes last year upon an invitation by YouWIN to attend a compulsory 4-days business training after which i shuttled back to Tel Aviv.It was in that foreign land that i received a notification as one of the winners.
I received my first tranche payment 3 weeks ago and I am presently in Nigeria together with my Jewish partners to start up a mini-Refinery in Port-Harcourt.
Very soon i will start my recruitment process and will advertise it on this land, so the engineers in the house should be vigilant.

emmax2alfa: Hello Yelanst
My partner and I also won the grant purely on merit. Very much interested in your refinery business. Pls contact me if you need partners,thanks

[size=14pt]Nigeria will not charge fuel subsidy fraud accused[/size]
ReutersBy Camillus Eboh and Tim Cocks | Reuters – Fri, Jul 6, 2012



ABUJA/LAGOS (Reuters) - Nigeria's Attorney General has filed a court petition to prevent anyone implicated in a $6.8 billion fuel subsidy corruption scandal being prosecuted, after allegations the investigator himself took a bribe to manipulate the report.

Nigerian legislator Farouk Lawan blew the lid on a massive scam in state fuel subsidy payments, exposing a web of fraudulent transactions that enabled corrupt officials and fuel marketers to grow rich, some without delivering a drop of fuel.

But now his committee's report is being called into question over allegations Lawan demanded, and took part of, a $3 million bribe from one of Nigeria's richest oil tycoons to remove him from the list of fraudsters.

Police questioned Lawan last month and parliament is investigating the claims. His lawyer told Reuters on Thursday that Lawan took $500,000 offered by tycoon Femi Otedola, but only in order to expose him, saying he disclosed it to parliament and left the cash there.

"The report of the committee will be studied and given to relevant agencies of government but (we) will not prosecute or take legal action against the person or persons indicted by the report," a petition filed by the justice ministry on behalf Attorney General Bello Adoke dated July 3 states.

The move could kill any attempt to seek justice against those implicated in the scandal, an outcome likely to please Nigeria's downstream oil marketers and some corrupt government officials, but enrage the public.

SMEAR CAMPAIGN?

The report fingered several fuel companies, including a local unit of ExxonMobil, as being involved and called for the board of the state oil firm, including its head Oil Minister Diezani Alison-Madueke, to resign.

President Goodluck Jonathan has since sacked and replaced the NNPC but kept Alison-Madueke.

Lawan declined to comment but a lawyer speaking on his behalf said the allegation is a smokescreen.

"Some powerful oil marketers are diverting attention from the main issue, which is the committee's report," he told Reuters by telephone.

Lawan's report was scathing about some of Nigeria's most powerful people - few would dare take on the oil minister - and was an embarrassment to Jonathan, whose office repeatedly pledged to prosecute those implicated but urged patience.

Otedola this week published an alleged audiotaped conversation between him and Lawan, in which the participants make arrangements for the delivery of cash. Lawan says the tape is not his voice but has been doctored to sound like him.

The oil tycoon has been quoted in the local press as saying Lawan solicited him for the bribe, and that he paid it as part of a sting operation to expose him as corrupt.

"That is totally untrue," his lawyer said. "He never demanded $3 million or any such amount. Otedola approached him in his hotel ... The money he took he turned over the house committee on financial crimes."

http://news.yahoo.com/nigeria-not-charge-fuel-subsidy-fraud-accused-053855612.html

rimzo: Orphanage home is not God house too abi? Don't us let deceive ourself. The best place to channel our Tithe is Orphanage homes and upcoming ministries or church that really need this money.

kutchs:
Like it or hate it PDP is winning bc it is the only party with a national spread. Others are just ‘localised‘.

newsnaija:
Hi guys, I've been seeing this question asked in many quarters and i just thought i shed some light on how subsidy is calculated and how the 2011 subsidy amount was arrived at, its just a simple calculation of volume and price

Products subsidized in Nigeria - PMS and Kerosene
Demand
PMS - 35 million litres /day
Kero - 8 million litres/day

Prices
PMS Open market Price (OPM) - N145/L ( this number varied from N125 - 165 in 2011 because of crude oil price in 2011)
Kerosene Open Market price  - N150/L (this also varies)

Subsidy Per Liter
PMS Subsidy per liter = 145-65 = N80/L
Kerosene subsidy per liter = 160-50 = N110/L

Subsidy Per day
PMS = N80/L* 35,000,000 L = 2,800,000,000/day  = 2,800,00,000*365days = 1,022,000,000,000 = N1.022 Trillion/year
Kero= N110/L * 8,000,000 L = 880,000,000/day = 880,000,000*365days = 321,200,000,000 = N321 Billion/Year

Total Subsidy
PMS subsidy + Kerosene Subsidy =N 1,022 billion + N321 Billion = N1.342 Trillion

This is a very good estimate on how 2011 was arrived at.

karl max:
NIJAKING as a nigerian has researched stop asking why and do your own simple research


Products subsidized in Nigeria - PMS and Kerosene
Demand
PMS - 35 million litres /day
Kero - 8 million litres/day

Prices
PMS Open market Price (OPM) - N145/L ( this number varied from N125 - 165 in 2011 because of crude oil price in 2011)
Kerosene Open Market price  - N150/L (this also varies)

Subsidy Per Liter
PMS Subsidy per liter = 145-65 = N80/L
Kerosene subsidy per liter = 160-50 = N110/L

Subsidy Per day
PMS = N80/L* 35,000,000 L = 2,800,000,000/day  = 2,800,00,000*365days = 1,022,000,000,000 = N1.022 Trillion/year
Kero= N110/L * 8,000,000 L = 880,000,000/day = 880,000,000*365days = 321,200,000,000 = N321 Billion/Year

Total Subsidy
PMS subsidy + Kerosene Subsidy =N 1,022 billion + N321 Billion = N1.342 Trillion

This is a very good estimate on how 2011 was arrived at.

ekt_bear:
But if it were me stealing oil, I'd just sell the crude myself rather than trying to process it at all. Since you won't be able to compete cost-wise refining oil with a big refinery. . . so better just to steal and sell rather than steal, process and sell.

Anyway you are probably right.

GenBuhari:
You can tell how much Buhari is feared by people willing to spread lies and misinformation to try and defame him, from him being a sponsor Boko Haram to him calling for total Sharia.

None of the accusations are backed up by any evidence web link, it is very easy to spout lies against anybody if you do not provide proof.

All the Sharia states we have today were created during Obasanjo's government, not a single during Buhari's government. On the contrary he crushed Islamic fundmentalist violence and ended government sponsorhip of muslim pilgrimage to Mecca to save money.

He has held posts as:

Head of State
Petroleum Minister
Governor of North Eastern Region
Chairman of Nigerian National Petroleum Corporation
Chairman of Petroleum Trust Fund

Yet he has only 2 modest homes one of which he inherited from his father.

Who in Nigeria is better qualified than Buhari to be President?




[size=18pt]2nd March 1984 – ITN NEWS
GENERAL BUHARI VISITS YOLA AFTER QUENCHING RELIGIOUS RIOTING THAT LEFT DOZENS DEAD.[/size]
Nigeria's military ruler, Major-General Mohamed Buhari, visited the northeastern Nigerian city of Yola - in Gongola state - February 29 to assess the extent of damage caused by violent communal rioting two days earlier.

The known death toll from the religious disturbances is nearly 140, with at least another 60 persons injured, some critically. Gongola's acting state governor, Colonel Cyril Iweze, blamed the turmoil on fanatical followers of Moslem fundamentalist Muhammadu Marwa Maitatsine's religious sect. Marwa himself was killed in vicious rioting three years ago, when an estimated 4,000 people died.

In disturbances on February 27, the army was eventually called in to quell resistance from thousands of religious fanatics, at least 715 of whom were arrested by security forces.

General Buhari visited the Yola Specialist Hospital during his one-day tour of the gutted city, and also met with the Lamido of Adamawa, Alhaji Mustapha Aliyu, to discuss the situation.


https://www.nairaland.com/nigeria/topic-693700.64.html

TRUTHTELA:
Senate Joint Committee on Petroleum Resources (Downstream), Appropriation and Finance yesterday formally unveiled the names of beneficiaries of the fuel subsidy scheme operated by government agencies. The list comprises both major oil marketers and independent depot owners, with 77 beneficiaries.

Major oil marketers include: AP; Oando; Total; MRS and ConOil, while the independent beneficiaries are Bovas, Eterna, Eurafric Oil & Coastal Services, Integrated Oil, Matrix, Northwest Petroleum Pinnacle, RAHAMANIYYA, Sea Petroleum, Maizube Pet, Triquest, Ecogree, Ontario, Dupot, IMAD oil, Nadabo, Brila, SIFAX, Taurus, Yanaty Petro Chemical, AITEO, AMG, Ascon, Dee Jones, Honeywell, Swift, Acorn, Avant Garde, Majope Inv, Spog Petrochemical, Knighsridge, Lloys Energy, Masters Energy, Dupot Marina, Lumen Skies, Nasaman, Somerset, Sirius Energy, Tonique, Ventro Energy, Channex Oil, Valzira, Zenro, Donny Oil and Gas, Naticel, AA Rand, Lingo Oil, Ocean Energy Trading, Ryden, Chiteld Pet, Avidor, Setana Energy, Shorelink Oil, Fradro Int, Linetrale Oil Supply and Trading, Sahara, Valcore, ASB Inv, Lubcon, Ceoti, First Deepwater and Agacan.

Committee Chairman, Magnus Abe, read out a list of the oil subsidy beneficiaries, as at August 2001. Some of them are: Oando Nigeria Plc (N228.506 billion); Integrated Oil and Gas Plc (N30 billion); MRS (N224.818 billion), Con Oil (N37.96 billion), Enak Oil & Gas (N19.684 billion), Bovas & Co. Nig Ltd (N5.685 billion), Obat (N85 billion) and[b] AP (N104.5 billion).[/b]

Others are: Folawiyo Oil (N113.3 billion), IPMAN Investment Limited (N10.9 billion), ACON (N24.1 billion), Atio Oil (N64.4billion), AMP (N11.4 billion), Honey Well (N12.2 billion), Emac Oil (N19.2 billion), D.Jones Oil (N14.8 billion) and Capital Oil (N22.4 billion), AZ Oil (N18.613billion).
Abe, however, differed from the amount of N1.346trillion earlier presented by the Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Mr. Reginald Elijah Stanley. He placed the figure at N1.426trillion.

Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Mr. Austin Oniwon, incurred the wrath of the Senator Magnus Abe-led committee when he could not tell them the units of crude oil refined per day in the nation’s refineries.

He had earlier told the committee that all the refineries combined couldn’t operate below 60 percent capacity, while the Port Harcourt refinery has not been operational for more than a month now.
“By the design of the refineries, they can’t run below 60 percent when you charge it. That’s why we say it’s 60 percent. Unfortunately, for over a month now, the Port Harcourt refinery has been shut down. But when it runs, technically, it can’t run below 60 percent,” he said.

Committee member, Senator Bukola Saraki, whose motion triggered the Senate probe asked Oniwon to tell senators “the average capacity utilization of the refineries.”
Oniwon replied:” I’ll get back to you on that.”
This did not go down well with Saraki who pressed on with more questions. He asked again: “What amount of PMS would the refineries give us for the months of October, November and December?”
Again, Oniwon replied: “ At 60 percent, we’ll produce 13 million litres.”
An angry Senator Saraki repeated his question and demanded details and documents on the amount of crude refined for those months to which Oniwon replied: “I didn’t come with the figures but I can submit them later.”

http://www.sunnewsonline.com/webpages/news/national/2011/dec/03/national-03-12-2011-015.html