Politics › Re: FG Distributes 50,000 Mattresses To Correctional Centres by Jnrprince1(m): 5:56pm On Feb 25 |
Avoid anything wey go fit carry you enter naija prison ooo |
Politics › Re: Kidnapped Edo Doctor, Ibrahim Abu Babatunde, Regains Freedom by Jnrprince1(m): 4:25pm On Jan 15 |
Naija my country which way |
Sports › Re: EPL: Liverpool Hero, Rio Ngumoha Eligible To Play For Nigeria by Jnrprince1(m): 8:10am On Aug 28, 2025 |
No let we Nigerians spoil ur career for you ooo dey where them value you the most |
Politics › Re: Gombe Criticises FG’s ₦1.4 Billion Payment For Repentant Boko Haram Camp by Jnrprince1(m): 7:14am On Aug 21, 2025 |
What a country
Twenty eight more characters to go |
Pets › Re: These Eskimo Puppies Are Really Beautiful by Jnrprince1(m): 6:44pm On Jul 10, 2025 |
I bought mine 65k last year December. The Eskimo you showed are not full breed GothamCities: Hello Pet lovers,
My son has been disturbing me to get him an Eskimo puppy. I have been reluctant about the request because of the dangers they may pose.
But I chances upon some Eskimo puppies yesterday in Ibadan, and they're very beautiful and adorable. I'm tempted to buy.
The seller is quoting 150k. Am I getting it at a good price? Do you think Eskimos are harmless with nothing to fear about the furure? These puppies whose photos appear below are almost 5 months old. What advice do you have for me please? Are there any medical precautions I must take?
Thanks in advance. |
Travel › Re: If You Were Given All The Money You Need, Would You Leave Nigeria Or Stay? by Jnrprince1(m): 12:16pm On Jun 24, 2025 |
The only thing that can make me consider relocating is if I have tried every means to thrive but no hope |
Investment › Re: To Everyone Who Lost Money To CBEX – A Message From Odewale Adesoye (Green Man) by Jnrprince1(m): 9:57am On Apr 15, 2025 |
Una no dey hear word... They say once beaten twice shy  |
Politics › Re: Nimo Women Stage Naked Protest At Anambra Government House, Want Monarch Removed by Jnrprince1(m): 12:18pm On Mar 27, 2025 |
Where is the unclothedness? |
Politics › Re: Members Incurring Losses,’ IPMAN Laments Dangote, NNPCL Fuel Price War by Jnrprince1(m): 3:32pm On Mar 15, 2025 |
kelvindj98: When una dey enjoy profit during fuel price hikes una tell us. ABEG GETAT God go bless you. No mind the devilish people |
Crime › Re: Police Discover Shallow Grave Of Adedamola Ogunbode, Arrest Prime Suspect by Jnrprince1(m): 12:33pm On Mar 12, 2025 |
People are heartless |
Politics › Re: As Obasa Returns To Lagos Assembly - Punch Editorial by Jnrprince1(m): 5:50am On Mar 07, 2025 |
When are we getting it right |
Politics › Re: Olubadan Commends Igbo Contribution To Commerce In Oyo by Jnrprince1(m): 10:17am On Feb 27, 2025 |
Nice one |
Celebrities › Re: Gene Hackman And His Wife, Betsy Arakawa Found Dead At Their Home by Jnrprince1(m): 10:16am On Feb 27, 2025 |
Strange |
Crime › Re: NAFDAC DG Inspects Drugs Seized At Idumota Market by Jnrprince1(m): 7:19am On Feb 23, 2025 |
Everybody just want too make make this money in anyway |
Crime › Re: Roadside Petrol Hawkers And How They Cheat You by Jnrprince1(m): 3:37pm On Nov 15, 2024 |
It's actually 4 and half litter |
Celebrities › Re: Verydarkman Faces Femi Falana In Court Over Defamation (video) by Jnrprince1(m): 12:05pm On Nov 14, 2024 |
Nice one |
Health › Re: Worrying Health Condition Triggered By Masturbation by Jnrprince1(m): 1:07pm On Oct 23, 2024 |
Toh |
Politics › Re: FG Plans 5% Tax On Telecoms Services, Others by Jnrprince1(m): 10:56am On Oct 20, 2024 |
Georgry: Because we are not obliged to keep quiet unlike some of you who are doing it either for financial gain or otherwise! If you want to keep quiet please do, but don't make any attempt to shut people up, my friend invested more than 5 million naira in a foodstuff business and the business has almost crumble, you buy 20 bags of rice at 50k each totaling 1 million naira, you sell at 53k per bag totaling 1,060,000, you go back to get a new market and rice is already 60k per bag, now you need 1,2000,000 million to get exactly that 20 bag to fill your shop, the implication is that you have not made any profit, in fact now you have to look for a way to borrow 140k to fill your market, if you don't have then you can reduce your market to 18 bags, then to 15 bags, then to 10, at the end of the day you're tired, that's exactly what's happening to small business who has no power to influence price nowadays, the big business can easily adjust price and pass the hardship to the consumers, so it anybody is crying they have the justification to do that. Have a nice day. On point |
Politics › Re: FG Plans 5% Tax On Telecoms Services, Others by Jnrprince1(m): 10:10am On Oct 20, 2024 |
ceejay80s: if I had my chance , I will assassinate so many politicians, president etc I think it's high time we show these people eye for an eye, burn down their houses a d destroy them Long over due |
Travel › Re: Nigeria Man Answers Question About Black Folks Not Helping Each Other Abroad by Jnrprince1(m): 4:12pm On Oct 18, 2024 |
techbro1: Okay
Your own no pass to dey smoke Igbo? Craze man Lol |
Politics › Re: Fuel Hike: Ajaero Condemns NNPCL For Deciding Dangote Refinery’s Pricing by Jnrprince1(m): 11:52am On Oct 10, 2024 |
Watianoengineer: I regret voting this government honestly. Feeding and running the home is extremely difficult. I'm thinking of running away from my wife and children.
This regime did not favor me and my Family Don't do that pls |
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Crime › Re: JUST IN: VDM Release Another Concrate Evidence Against Bobrisky On Prison Bribe by Jnrprince1(m): 1:46pm On Oct 07, 2024 |
If Nigeria no affect you tnk God for life |
Phones › Infinix Smart 8 For Sale by Jnrprince1(op): 2:37pm On Oct 02, 2024*. Modified: 3:28pm On Oct 02, 2024 |
Infinix smart 8 for sale 85k Working perfectly Slightly negotiable. Contact me on.. 0.9.0.6.3.1.1.4.5.6.3 Lagos Ojo.
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Politics › Re: 10 Major Takeaways From Tinubu’s 64th Independence Anniversary Speech by Jnrprince1(m): 2:34pm On Oct 01, 2024 |
I had faith in you, but your policy has crumbled, caused harm, and created debt. It's harsh, and I expect better. |
Phones › Re: Starlink Increases Monthly Subscription Price In Nigeria by Jnrprince1(m): 10:19am On Oct 01, 2024 |
People wey dey chop this country money and still dey lie say money no dey God go shame una |
Politics › Re: Lagos, Ogun Warns Residents As Oyam Dam Plans Water Release by Jnrprince1(m): 6:17am On Sep 28, 2024 |
I know understand |
Pets › Re: What Are The Effects Of Keeping Cats As Pets...? by Jnrprince1(m): 1:51pm On Aug 20, 2024 |
Better than most people we make as friend's. |
Phones › Infinix Smart 8 For Sale by Jnrprince1(op): 10:24am On Aug 07, 2024 |
Infinix Smart 8 for sale is working perfectly. Lagos ojo.
Zero nine zero one five six six nine four six four. 85k negotiable
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Politics › Re: Protesters Hold Sunday Service in Street of Jos Despite Presidential Address by Jnrprince1(m): 7:15pm On Aug 04, 2024 |
Chimarto: The protest is losing momentum, just Kano and Jos so far I swear down, we need this more than ever |
Politics › Re: Governor Dapo Abiodun Booed At Babcock Convocation (Video) by Jnrprince1(m): 6:28pm On Jul 28, 2024 |
stephenponti: When I saw the Malta 🇲🇹 NNPC comment by Dangote, I suspected there was more to it. Our group decided to investigate further.
Our discovery was deeply shocking.
Thread !
#EndBadGovernanceInNigeria
Firstly I will breakdown the whole Oil theft process and how Oil exporting and importing business works here in Nigeria . NNPC grants importation licenses to a select group of oil companies, which are responsible for importing petroleum products into the country. These companies set the prices for petroleum products, and the media often refer to them as "oil marketers."
We’ve another set responsible for exporting/selling unrefined petroleum products both locally nd internationally. NNPC nd few partner companies plays a major role in this sector, along with high-ranking govt officials, military leaders, & politicians who r involved in oil theft.
To better understand this thread i will briefly explain how oil exportation and importation works in Nigeria. Please note every point I will list you will need them as reference as we progress, very important
1. Extraction: Oil is extracted from the ground using drilling rigs.
2. Processing: The crude oil is exported(internationally) to refineries where it is processed into refined products
3. Transportation: The processed oil are transported from the refinery to storage tanks, blending facilities, and ports, typically via pipelines or ships. 4. Export: At the port, the oil is loaded onto tankers or other vessels and shipped to Nigeria and other countries 5. Sale: The oil is sold to buyers in Nigeria at a price set by the importer (oil marketer). The government subsidizes a significant portion of the oil price to make it more affordable for citizens, a practice known as fuel subsidy. Now let’s link the list together
Recently, Oando PLC announced the approval to acquire 100% of Nigerian Agip Oil Company. This effectively means that the Tinubu family now owns Agip Oil, which is part of Eni S.p.A., an Italian multinational oil and gas company.
Agip Oil operates 17 onshore oil blocks and produces 11 million barrels of oil and condensates annually, and it also manages the Bonny natural gas liquefaction plant. One might wonder why such a successful company would divest 100% of such a critical asset.
Observing similar situations, like the case with Dangote, suggests that this sale was not made lightly. Now, these crucial oil fields and plants in Nigeria are under the control of Tinubu through Oando PLC which is Tinubu’s family owned not even NNPC.
Stay with me please
Continuing, with their control over substantial oil reserves in the Niger Delta and the ability to explore further through Agip Oil, their next step is refining. Instead of building a refinery in Nigeria, they opted to construct one in Malta 🇲🇹.
This move allows them to exploit the country's resources and obscure their activities.
In early 2021, Enemed Co Ltd, the leading fuel supplier in Malta, issued a tender for the leasing of storage tanks and a blending facility at the Ras Hanzir Oil Terminal in Malta.
Ras Hanzir Oil Terminal Limited won the bidding. It is owned and operated by the Tinubu family, with Wale Tinubu, who is also the chairman of Oando PLC, serving as its chairman along with other members of the Tinubu family and their associates.
The company has already established a functioning refinery in Malta, they have now acquired the storage tanks and blending facility oil terminals, which were recently exposed to the public.
Stay with me please
After Tinubu was sworn in as president, his first major move was to announce the removal of fuel subsidy, while the government continued to pay in secret, allowing him to increase petroleum product prices. This move was designed to benefit his own monopoly.
With the recent forced acquisition of Agip Oil by Oando PLC, Tinubu as an individual has become the largest oil exporter, explorer, and marketer in the whole country, second only to NNPC. Here’s the pattern: Tinubu, through NNPC, will sell Nigeria’s oil to himself at a low price via his company in Malta. He will also explore, extract and export oil using his newly acquired Agip Oil Company, which operates across the Niger Delta states of Ondo, Edo, Delta, Bayelsa, I’mRivers, Imo, Abia, Akwa Ibom, and Cross River.
Tinubu will then buy back the refined oil from his company in Malta through NNPC and as an oil marketer via one of his companies OVH Energy(Oando) at a higher price and export them back to Nigeria The refined oil is sold to the Nigerian public at a high price, while the subsidy, although officially removed, is still being paid secretly. Essentially, Tinubu is paying himself subsidy.‼️
This scheme an extraordinary level of financial exploitation
Even after he leaves office, and Nigeria remains without refinery which he will make sure of, his Oil Monopoly over the country will remain standing. As if that is not enough, the govt will still pay him for subsidy!
He sold Over 2 Billion Dollars worth of petroleum products to Nigeria through the Malta refinery just in 2023 alone, that’s an example of what the future of Nigeria Oil importation will look like
That’s why he will fight the Dangote refinery with everything he has; if it becomes operational, his multi-trillion-naira oil monopoly enterprise will collapse.
The price of petroleum products like fuel will keeping increasing, while he still pays himself subsidy.
Considering his age, one might wonder what he needs all this money for, other than sheer greed. It's truly disheartening.
Copied. The matter long I swear |