₦airaland Forum

bidexiii:
Yes they are installed at the Maiduguri and Yobe state respectively airforce base.

agwom:
Some group of youths in the south eastern part of the country have drummed support for the presidential ambition of former Nigeria's vice president, Alhaji Atiku Abubakar.
The group, under the aegis of South Eastern Youth Movement for Atiku Abubakar, described the former vice president as a tested hand which distinguished him during his reign as vice president.

Speaking in Awka after its inaugural meeting, the group's Coordinator, Maxwell Umeaba said the group had resolved to support the former Vice President to realise his presidential ambition with its stronghold in the five states of the South East.

"We have resolved to come together to take our destiny into our hands. We have raised army of voters in all the states in the South East.

"Atiku is a tested hand, whose works during his reign as vice president distinguished him. As a good business man who has overseen several successful businesses, Nigeria would be in safe hands if he is elected," he said.

Describing Atiku's defection to PDP as a welcome development towards reshaping the country, Umeaba stressed that Nigerian youths believe in him and would strongly support him.

He regretted that the present administration under the APC had relegated the youths and denied them of inclusiveness in governance.

https://www.dailytrust.com.ng/2019-why-atiku-is-our-preferred-choice--igbo-youths.html

IPOBrep:
mtchew, inconsequential talk.

give the people referendum and let everybody have a say you are talking trash as if your opinion represents mine.

Zik has always been a one Nigerianist so nothing new from his corcck sucker

I cant remember questioning the legality of ECA in my post

Yes. However, they need the approval of their state legislature to spend whatever they receive.

Again, i cant remember saying FG and states cannot agree on national security expenditure. How does asking the NA and state assemblies to respectively approve their share of the expenditure and put in place monitoring mechanism to ensure transparency and accountability amounts to saying FG and states cannot agree on national security expenditure?

You can only use virement when there is a savings in a subhead and a deficit in another subhead under the same head in an appropriation act. It is not applicable in this case. However, a supplementary budget can be raised to take care of the expenditure but so far, nobody is talking about supplementary budget.

bishopkay:
My brother war isn't cheap but this war is one with many local players, which we know. Unlike America, we are not fighting in other countries; we are fighting this war in our own country on our soil so it reduces the monies for intelligence and logistics drastically.
Don't forget before Boko Haram declared allegiance to ISIS, it was basically a Nigerian thing. It was after declaring allegiance to ISIS it became a global scourge!

What I'm just insisting upon is BH can only be stopped when we tell ourselves the truth and go for the sponsors we know else, it would continue to be a drain in our finances and human resources

seunmsg:
Actually, the federal government cannot spend money without appropriation by the national assembly. Spending funds that have not been appropriated by the national assembly is unconstitutional, sorry, there is no other word for it. The issue of emergency can also not be truthfully argued as the government recently presented the 2018 appropriated bill to the national assembly for approval. They should have included this proposed spending in the bill before the national assembly.

I called out the governors because of the information in public domain. I listened to both Obaseki and Shettima on the approval given by NEC and neither of them talked about any arrangement to monitor the usage of the funds to ensure transparency and accountability. The $1billion belongs to the federal, state and local government jointly, it is even illegal for the governors to give approval without consulting their states houses of assembly and local government councils. That is why i am more worried that they did not put any measure in place to ensure accountability and transparency before endorsing the withdrawal. Considering recent history, this does not look so good to me.

bishopkay:
Oga 1bn dollars is no small money! Hope you are aware there were budgetary provisions for fighting Boko Haram? Hope you know this isn't the first time they are doling out monies to fight Boko Haram? If you are budgeting $1bn to fight a group you said you've defeated then clearly you're lying and not telling the truth!
We have to tell ourselves the raw truth! The Boko Haram menace has made many people stunningly rich and they'd fight and saboutage every effort to stem the tide.
You think they are fools?
It is an unwise military strategy to fight pawns and foot soldiers! Catch the sponsors both new and old and Boko Haram would die a natural death!

madridguy:
I think you can make your point without calling yourself unprintable name. The federal government are just wasting money fighting war that can only be won by securing our borders. Wasting tax payers without telling us the financier of this sect killing Nigerians for close to a decade is rubbish.

For your information, am one of the popular Buharist on this forum but when it's comes to National issue Nigeria first.

madridguy:
1 Billion US Dollar is damn too much to fight the dirty bastards.

AheadMarket:
You are fast to attack someone talking sense, with ur half inadequate knowledge.

How can you not know that PENGASSAN actions will affect the prices of petroleum products

PENGASSAN strike over Neconde union issues will affect price of petroleum products?
Nigeria is really trying accommodating several nitwits at a time?

UcheSecondus:
The National Chairman of Peoples Democratic Party, Prince Uche Secondus heartily congratulate His Excellency, Mr Cyril Ramaphosa, the newly elected President of the African National Congress, ANC.

Your Excellency Sir, your victory can be attributed to your years of activism, servitude and steadfastness within the ANC and the development of South Africa.

I have no doubt in my mind that the experience you have gathered over the years within the ANC and in government will be judiciously deployed in achieving the new mandate given you by members of the ANC.

May this victory bring a new dawn to South Africa and prosperity to her people.

yanshDoctor:
to hide fron justice buhari want to do another 4 years. everyone knows that he doesn't have any reason or tangible achievement that should merit peoples surports.

this administration is more corrupt and clueless than the previous which Nigerians accuse Jonathan on.

people from the west like Tinibu, Tunde Bakare and El-Rufai from north fought Jonathan day and night for been corrupt and clueless.

every day Jonathan this, Jonathan that. i am not here to defend jonathan but if we are not seeing people like bakare to come out openly to criticize this administration i will take it that it was only personal hatred that Jonathan was from southern minority. and fact still remains that obasejo is the most corrupt elected president Nigeria has ever had and no one from the south south or south east attack or critize obasejo like they did to jonathan and the same thing is repeating itself.

since buhari came onboard its only Jonathan administration that is corrupt no other else.

buhari now is seeking another term that will probably kill him, make this he will unlikely comes out alive from this one probably from the election stress. i doubt if he would be able to campaign around the country without fainting. reason he has not traveled to UK for treatment is mainly because of election.

the plan is to install osibanjo for another 8 years after him to cover his corruption cases while he leaves office.


tinubu and south west are no longer talking of corruption, electricity or restructuring they are use to. but now supporting buhari the corupt and clueless for another 4 years because he promised them presidency 2023. just like that and Nigerians should endure for another wasted 4years. now why didn't they endure Jonathan for just 4 years.


Nigeria can never be one. i pity the members of bakare church who must be suffering the hardship and also paying tithe to the church why bakare eat fat. God will judge all of you.

Wisdomkosi:
By Emmanuel Ebimoh

It’s been more than two years since the present APC administration led by President Muhammadu Buhari assumed power and many notable Nigerians have been pouring out their concerns about the performance of the government. Considering the importance of good governance and the present government’s unrelenting drive in fighting corruption among political leaders, it is expected that the scorecard for the Buhari-led administration would be at the centre of many political commentaries.

Speaking exclusively to 9News Nigeria at an event in Lagos, former presidential candidate, Prof. Pat Utomi stated his concerns on the present government’s performance so far.

‘’It’s a government trying to find its feet; it’s a government learning as it goes. We’ve had many years of another party – power, so obviously, the government is still struggling to find its feet and I hope that it does manage to do so’’, Professor Utomi said.

However, when asked whether he would come back in 2019 to contest as a presidential aspirant, the professor of the Lagos Business School admitted that he’ll leave such aspiration in the hands of God. According to him, when the right time comes he’ll know what to do.
Source : http://www.9newsng.com/exclusive-buharis-administration-is-still-struggling-to-find-its-feet-prof-pat-utomi/

fxjunkie:
Some have always argued that Igbos did not help develop Lagos, well it is easy to see if Igbos developed Lagos or not. Why is it that every December around Christmas Lagos becomes a ghost town? It looks like there is no economic activity going on in Lagos around Christmas, this is because Igbos travel home during Christmas, and whenever this happens Lagos becomes a shadow of itself.

So it is easy to see that Igbos are central to making Lagos what it is today and let us stop saying Igbos did not develop Lagos.

Omoluabi signing out.

Vivere:
So what happens to the aviators in the Air Force, if the Nigerian Army decides to expand its cadre of aviators? Nigerian Navy was the one that started this trend in the 70s by recruiting and training naval pilots. Now, the Army has followed suit. Are they trying to tell the Air force something??

AheadMarket:
You are fast to attack someone talking sense, with ur half inadequate knowledge.

How can you not know that PENGASSAN actions will affect the prices of petroleum products

PDPGuy:
Very true.

Under the constitution, the VP is the head of the National Council on Privatisation, and chairs the National Economic Council.

My understanding is that the NCP is the highest policy-making body on privatization issues, while the BPE is the executory body for the latter’s decisions.

wealthinfos:
Not anymore! The day baba tour his PDP card in Ogun, was the day he killed his political relevance. Take it or leave it!

aariwa:
Go and eat mummy's food .She is calling you.Get up from your bed and go and do something meaningful with your life.The time I did constitutional law as a course in the university I guess you were still in kindergarten. Kids like you do not want to give their lives any direction. You stay on your phone everyday and insult faceless people and when you become poor tomorrow, you blame govt,your parents,village people etc

lightblazingnow:
https://www.premiumtimesng.com/regional/ssouth-west/252830-fayose-provides-details-ekitis-debt-profile.html?amp_markup=1

Saaruman:
The decision has been made. Zoogerians brace up for fuel price increase. Fuel price will soon be increased to N170 per litre. This is the divided of chain as promised by buhari D Vegetable.

SalamRushdie:
You have clearly drank deep from Buharis pool of low IQ...All you Buharist are just communist sadist masquerading under democracy to perpetrate a dark reign of hate, division amd crimes againt humanity and the economy .. Buharis reign ends in this tenure

HtwoOw:
Anybody paid attention to the fact that this writeup was maliciously written ??


They claimed companies lifting crude is ghost but they actually named the companies themselves after explaining that some mistakes were made either by the PRO of NNPC or Individual company's PRO

No Cassiva Energy , But there's Cassiva Limited ( registered with CAC and everything)

AMG Petroenergy does not exist in CAC's database but AMG Petroenergy Limited exists, tell me , when in the history of Nigerian Corporate Affair Comission will they allow you to use the same name for different companies ??


Stupid , Malicious writeup

NaijaEfcc:
BUSINESSREPORT: Massive corruption in Buhari’s govt. as ghost companies lift N1.1tr Crude Oil in ten Months

REPORT: Massive corruption in Buhari’s govt. as ghost companies lift N1.1tr Crude Oil in ten Months

President Muhammadu Buhari’s government that claims to be fighting corruption in Nigeria has once again been involved in an alleged crude oil racketeering.

Some indigenous companies not registered by the Corporate Affairs Commission (CAC) have lifted Nigerian crude oil grades valued at $3.5 billion (about N1.1 trillion) in the last 10 months, an investigation by Daily Trust on Sunday has revealed.

A four-month enquiry into Nigerian and global corporate registries by the paper showed that the repeated failure by the Nigerian National Petroleum Corporation (NNPC) to provide clear and accurate identity of some companies it awarded multi-million dollar oil lifting contracts this year is helping these companies to escape public scrutiny.

This is even as the corporation prepares for another round of award, as it had, in late October, issued a tender seeking companies to engage in the lifting of Nigerian crude oil grades for the 2018/2019 term.

The main problem started on January 3, 2017 when the NNPC announced 39 successful winners for its crude lifting contract that would run for 12 months. The announcement was followed by a release of the names of the winners to newsmen and in a post on its official website.
The names of the 18 beneficiary Nigerian companies were simply given as Prudent Energy; Setana Energy; Emo oil; Bono; Optima Energy; Shoreline Limited; AMG Petroenergy; A. A. Rano; Cassiva Energy and Arkleen Oil and Gas Limited. Others are North West Petroleum; Brittania-U; Hyde Energy; Eterna Oil and Gas; Masters Energy; MRS Oil and Gas; Sahara Energy and Oando.
Part of the mandatory pre-qualification requirement for the Nigerian companies that applied for the contract as requested by the NNPC was evidence of company registration issued by the CAC.

Daily Trust on Sunday wrote to the CAC seeking information on the registration statuses of the 18 indigenous companies that won the contract. But the commission replied that it had no evidence of the registration of seven of the 18 companies.
It listed AMG Petroenergy Limited, Brittania-U, Cassiva Energy, Hyde Energy, Masters Energy and Bono Energy Nigeria Limited as companies that didn’t exist on its database.
“If you have any document to support their registration, you may wish to forward them to us to enable us investigate further,” CAC’s reply dated September 26, 2017 and signed by Terver Ayua-Jor stated.

The name of the last company in the CAC response letter was misspelled as Savana Energy instead of Sahara Energy as requested by the newspaper.

“That shows that the company is not registered, the name does not exist,” said an Abuja-based lawyer with experience in companies’ registration.

“You cannot build something on nothing,” the lawyer, who did not want to be named, said about the legal implication of a company not being registered, adding that Section 30, subsection 1 (a) of the Companies and Allied Matters Act (CAMA) states that the CAC cannot register companies with identical names.

A Freedom of Information (FOI) request dated August 9, 2017 to the NNPC asking for the authentic names of the 18 indigenous companies as well as their crude oil entitlements, has not been replied by the corporation as at the time of filing this report.

Some top NNPC officials responsible for crude sales approached for confidential response to the discrepancies in the companies’ identities also did not respond for months.
The refusal to make information about the real identities of the companies available contradicts provisions of the Public Procurement Act, 2007, which is the legal framework for contract award and public procurement in Nigeria.

Section 38 (2) of the Act requires every procuring government entity to, on request, make available the comprehensive record of procurement proceedings to “(a) any person after a tender, proposal, offer or quotation has been accepted or after procurement proceedings have been terminated without resulting in a procurement contract.”
Independent analyses conducted through foreign corporate registration databases like open corporate, fara.gov and websites of the 18 indigenous companies showed that the NNPC may have deliberately fed the public with the incorrect legal names of entities to which it is entrusting billions of dollar worth of oil sales.

For instance, a web-based search for ‘Cassiva Energy,’ one of the companies given by the NNPC as oil lifting contract beneficiary, showed that no entity exists as ‘Cassiva Energy.’ Instead, Casiva Limited was found.
Casiva Limited announced on its website, NNPC’s 2017/2018 crude off take award to the company as one of the jobs it had executed.
Also, AMG Petroenergy, which the NNPC awarded the contract and the CAC said didn’t exist in its database, has a company website named as AMG Petroenergy Limited.
“AMG is very well established in Nigeria’s oil and gas downstream. Currently, AMG markets 90,000 barrels per day of crude oil in the international market from the NNPC,” the website stated about the company’s business objectives.

Daily Trust on Sunday wrote to AMG Petroenergy Limited through the main contact email address on its website, asking questions pertaining to the exact name it signed the NNPC contract with, its crude entitlements, as well as how it markets, transports or otherwise disposes of the crude cargoes it receives under its contract(s) with the commission, but the company did not reply.
Again, Brittania-U, one of the companies the CAC said didn’t exist in its database, has a website that announced the company as “a leader in Nigeria’s petroleum industry” and “a major player in the upstream and downstream sectors” operating in Nigeria for over 20 years as an indigenous integrated company.

“You can’t find Brittania-U Nigeria Limited? Please! Please!” Catherine Uju Ifejika, chairman/chief executive officer of the company responded in an irate tone when our reporter contacted her about why the company could not be found in the CAC record.

“I signed the contract (as Brittania-U Nigeria Limited). There is only one company that is Brittania-U Nigeria Limited,” Ifejika said after reminding our reporter of her 35-year experience as a lawyer and, therefore, couldn’t have made any mistake about the contract she signed.

“There is nobody in the industry that does not know Brittania-U as a group with almost seven companies in it,” she also added.
When she was told that the name emanated from the NNPC, Mrs Ifejika said, “It is not the NNPC, you people (journalists) are the ones that make up this state of confusion. Why would the NNPC give a company that is not in existence?’’
In response to a question on why the NNPC published her company’s name simply as Brittania-U, she said, “I don’t care what they (NNPC) have out (published). I didn’t even look at what they have out. I signed an agreement between myself, my company and the NNPC. The grand norm is the agreement.”
A web-based search of ‘Masters Energy,’ another company in the NNPC award list the CAC records showed didn’t exist, pulled Masters Energy Oil and Gas Ltd instead, as the closest semblance to the latter in Nigeria.
Masters Energy Oil and Gas Ltd, according to the information in its website, was incorporated in Nigeria in 2005 to “operate fully in the oil and gas sector.”

It is as a member of Masters Energy Group owned by a Nigerian oil magnate and politician, Mr. Uchechukwu Sampson Ogah, who, on June 27, 2016, was declared governor of Abia State by a Federal High Court in Abuja, but a Supreme Court judgement truncated his ambition.

Daily Trust on Sunday contacted the company’s spokesman, Emmanuel Iheanacho, on the name of the entity or subsidiary/sister company/companies the contract was directly awarded, including examples of cargoes of Nigerian crude that the company traded prior to signing the contract with the NNPC. Mr. Iheanacho acknowledged receipt of the questions but replied in a text: “I cannot respond from where I am. Thanks so much for your professional approach,” explaining earlier that he was “out of office for the next three to four weeks,” so he couldn’t reply.

Our reporter reached out to the other companies through an email address or phone numbers on the websites that matched their companies’ names, but they did not respond to either say they received or did not receive crude sales award from the NNPC in 2017.

The spokesman of the NNPC, Ndu Ughamadu, promised to address the questions raised in the August 9, 2017 FOI request, but response was still being awaited as at press time.
The NNPC, however, had in January 2017 replied a query on similar matter, stating that it made the “difficult choice” not to publish the winners’ full names in an effort to protect them and “gullible buyers” from fraudsters.
Crude market and industry professionals, however, disagreed, saying that in an oil market commonly marred by fraud and illegal sales, precision around company identities is important.

“I believe transparency is a major challenge in the Nigerian business environment. It should be easy to know who the traders and shippers are and their qualifications to undertake the tasks,” said Emeka Duruigbo, a professor of Energy and Business Law at Thurgood Marshall School of Law, Houston, Texas.

“Corruption, ineptitude and inefficiency thrive in the midst of opacity,” Duruigbo, who has knowledge of the workings of the international oil market said.
How dodgy companies pocket margins from $3.5bn oil

The crude term sale contracts to companies, including those awarded the 18 Nigerian oil companies, are among the most significant deals the NNPC signs yearly because crude sales are government’s largest revenue stream.

When in January 3, 2017, the corporation announced successful winners for the contract, it also stated that all the companies (excluding Duke Oil, NNPC subsidiary), were to receive 32,000 barrels per day (b/d) of the Nigerian equity crude.

Consequently, about 67.2 million barrels of Nigerian crude may have been lifted from January to October 2017 by AMG Petroenergy Limited, Brittania-U, Cassiva Energy, Hyde Energy, Masters Energy, Bono Energy Nigeria Limited and Sahara, which are the seven companies that were not found in the CAC database.

The 67.2 million barrels of oil was arrived at after multiplying 32,000 barrels daily lifting by the seven companies for 10 months.

The NNPC, in a November 27 statement, quoted its Group General Manager, Corporate Planning and Strategy, Mr. Bala Wunti, to have said that average crude oil price between January and October 2017 was $52.49 barrels per day.

Therefore, multiplying $52.49 by 67.2 million barrels crude shows that the value of oil lifted by the seven companies with identity problems may be worth as much as $3.5 billion in the market, or N1.1 trillion at the official exchange rate of N307 to a dollar.

The margins collected by these companies from the sales of the $3.5 billion worth of oil are mind-boggling if Daily Trust on Sunday’s calculation of the margins is anything to go by.
Market analysis shows that the NNPC sells the country’s crude share to the trading companies at a discounted price, when compared to Brent crude, the global crude benchmark.
Our reporter studied Argus and Platts, two of the leading global commodity markets price producers and found that the official selling price (OSP) the NNPC sets for Nigerian crude generally fluctuates, but they are often lower than a barrel of Brent crude, the benchmark for most of the oil produced in Africa.

Because some of these trading companies lack the financial and operational wherewithal to sell the oil, they instead resell or ‘flip,’ the oil they receive to larger, more experienced commodity traders and collect a margin on the sale.

According to findings by Daily Trust on Sunday, the standard margin traders rake in is about $0.3-0.4 per barrel, although the margin may vary considerably, depending on market conditions.
According to our estimates, each of the trading companies could be reaping as much as $3.8 million ($0.4 per barrel) margin monthly on a standard cargo load of 960,000 barrels (32,000 per day), depending on what it negotiated in the crude marketing agreement with the NNPC.

A 2012 House of Representatives committee audit, led by ex-lawmaker, Mr. Farouk Lawan, named some of these dodgy companies among oil marketers that collected subsidy funds from the Federal Government illegally. They were also listed as chronic tax defaulters to the government.
The Federal Inland Revenue Service (FIRS) relied on Section 14 (1) (d) of the FOI Act to decline a Daily Trust on Sunday’s request for information on the seven companies’ outstanding tax liabilities.
“A public institution must deny any application that contains information required of any taxpayer in connection with the assessment or collections of any tax…” Wahab Gbadamosi, head of communications of the FIRS said.

There is no available public record that the companies made refunds to the government, but the NNPC continues to award oil lifting contracts to them.
This investigation was supported by a grant from the Natural Resource Governance Institute (NRGI). The NRGI had no editorial control over the content.

http://leaders.ng/report-massive-corruption-buharis-govt-ghost-companies-lift-n1-1tr-crude-oil-ten-months/

According to you, 7 out of 18 doesn't have CAC registration amongst the list is Masters Energy, interesting. This is what happens when you give journalism to a tailor.
Masters Energy doesn't have CAC registration? Can we laugh at the stup!dity of the journalist that wrote this piece.
If Ghosts lifted your crude oil, how did we implement our budget? Lets laugh again

bloodmoneyspita:
how does someone who knows nothing about economics, about foreign policy become the president of the federal republic of Nigeria?

How does someone who has no record of achievement whatsoever become the president of the federal republic of Nigeria?

if a new guy comes into the government as the president, there is no handbook whatsoever about how to run a country so how does Buhari know what he knows?

this is to show that someone is directing him what to do, there is someone behind the scene telling the president to sign here and here, there's someone writing his speech for him, there's someone drafting his time table telling him which places he should travel to and how he's going to address the people there.

there are people letting us know which news we should listen to and the other tlnews we shouldn't know about, so much fake news to change the narrative.

it's easier to run a country when you are in the military but in a democracy where you have no experience whatsoever then it's quite hard.

ladies and gentlemen these same people are running the show and you just don't know.

2019 will be the day of reckoning for these people.

don't be deceived you do not have a president. infact health issues won't even let him cope with the affairs of this country, you remember when good luck started having grey hair after he entered aso rock due to work?

this president does not do anything in the morning except drink some mayshai and then pose for the camera.

you have been scammed Nigeria, wake up.

SalamRushdie:
That incident is one of the darkest human right abuses in the 21st century and any of the actors who think they can just wish it away by renting faceless groups have to think again.. Old age might save Buhari from the embarrassment of being paraded at the Hague but i cant say so for a certain Army general who was a principal actor in the hideous show of inhumanity

aariwa:
V.P and deputy governors are not assigned any role Except the one the president or governor mandates them to do in our ground norm which is the 1999 constitution. Walk into any court or bookstore around you and purchase the 1999 constitution and read

santopelele:
GOVERNOR Nyesom Wike of Rivers State has said that the Federal
Government must, as a matter of
urgency, release funds for tackling of
issues of environmental degradation
and security in the Niger Delta.
Wike said that while he will
not condemn the release of a
whopping $1 billion to tackle Boko
Haram, the environmental and security
challenges in the Niger Delta far
outweigh the Boko Haram conflict. The governor spoke during the Annual
General Meeting of Okpo Club of
Nigeria (Association of Ikwerre
Lawyers), weekend, in Port Harcourt. He requested the Federal Government
to release the derivation component of
the Excess Crude to the oil producing
states of the Niger Delta. He said: “Niger Delta environmental
problems are as serious as the Boko
Haram insurgency.” I am not saying that you should not
fight Boko Haram. “If you can get funds from the National
Pool to tackle Boko Haram, then you
should go to the pool to get funds to
fight environmental problems in Niger delta.
Vanguardngr.com

aariwa:
Hold El rufai responsible for anything that went awry in the privatization program. He was DG of BPE while atiku was a supervisor reporting to obj cos he was the head of the then national economic council