Nairaland General › Re: O Ye My People! by Kilode1: 12:22am On Dec 05, 2011 |
^ Hmm, Won fe dagbo si mi lapo.  I own the Waldorf Astoria join nah. I also know who killed Dele Giwa. I know where they buried Oduduwa (Iba!). One more thing, I know where Seun Osewa stored his Google money. |
Politics › Re: *~ Gbawe Voted The Politics Section Poster Of The Year *~ Congratulations by Kilode1: 12:04am On Dec 05, 2011 |
Jokes aside. GenBuhari is actually a very decent poster, we might disagree on the efficacy and relevance of NL polls, but he's surely been a great contributor to this section this year. |
Politics › Re: *~ Gbawe Voted The Politics Section Poster Of The Year *~ Congratulations by Kilode1: 11:56pm On Dec 04, 2011 |
OK. I nominate Buzugee! Katsumoto will likely snub the award. Gbawe will write a loooong acceptance speech. Too long. Beaf will spam us all regardless. Ekt_bear will become too coc/ky, he got it last year. GenBuhari and NL polls?? Hmm. y'all will probably regret the encouragement  For me, it's between Fstranger, Alj "The Schizophrenic Wazobiaran" Harem, Kobojunkie, Ezeuche and Buzugee. I gave it to Buzugee on account of his superior intellectual sagacity and spiritual depth. Very kemetic brutha! NB: there is no point mentioning my leader, my personal Egbon, the life force of NL politics section. Imule PM of Canada, padi padi Obama, The supreme commander of all Odu'a forces, The One ordained by the Irunmoles to give us hope and direction. Yes! You guessed right --> Aare "Becomrich or die mapping" Musiwa. This exercise is beneath him. |
Business › Re: Nigeria Hopes To Topple South Africa As Africa's Largest Economy by Kilode1: 11:09pm On Dec 04, 2011 |
Beaf: [size=14pt]Nigeria: Hoping to topple South Africa[/size] Published On Sun Dec 4 2011 By Rick Westhead
Still, several Canadians are optimistic.
CPCS Transcom, based in Ottawa, was hired to develop a master plan for public transport in Lagos and oversaw the privatization of the city’s port, a $1.4 billion (U.S.) deal that was completed in only 14 months, said Lucien Bradet, president of the Canadian Council on Africa.
CPCS recently brought a delegation of Nigerian diplomats to visit the Toronto Transit Commission. The government plans to build a new 30-kilometre subway line in Lagos and is considering buying parts from the TTC, Bradet said.
Toronto’s Nexen Inc. is involved in the oil-and-gas sector, and Montreal’s CRC Sogema won a contract to reform Nigeria’s tax system, helping the government crack down on tax dodgers.
“Canada doesn’t really have a lot of product to sell. . . we’re more in the knowledge business and that’s very important in Africa now,” Bradet said.
“You look at Nigeria and it’s the 7th largest country in the world.
http://www.thestar.com/news/world/article/1096275--nigeria-hoping-to-topple-south-africa This part is largely due to the visionary leadership of Babatunde Fashola and the ACN. Even the Canadian Company admitted that fact. Kaulbeck credits Lagos State Gover- nor Babatunde Fashola with much of the success because of his vision and determination to allocate public re- sources to transportation infrastructure and his support for the LAMATA http://www.cpcstrans.com/_files/Africa_Investor_Lagos_Blue_Line_George_Kaulbeck.pdfWell done. I expect more. |
Politics › Re: Tinubu Thank Nigerians For The Support & Solidarity During The CCT Tribunal by Kilode1: 10:34pm On Dec 04, 2011 |
“I feel ashamed that the government is using a Senior Advocate of Nigeria, SAN, and a costly team of attorneys to prosecute this case, thereby demonstrating lack of policy direction to develop and train hundreds of lawyers in the Ministry of justice and office of the public prosecutor. I dare ask what is the aim of outsourcing a case like this to outside lawyers with huge professional bills? Politicians sha! He's using the opportunity to score points and school his "enemies" in the process. |
Politics › Re: Jinx! The North With Poverty; The Leaders Must Be Stoned Before June Ends by Kilode1: 4:56pm On Dec 04, 2011 |
[quote author=ekt_bear link=topic=266169.msg9691202#msg9691202 date=1323011901]This is from a few years ago, but still relevant.
Aliyu always says the right things. But what concretely has he done in Niger State to reduce poverty, attract investment, etc?
Agric and solid materials alone will not save the north. Or any place in the world for that matter.
Better use of public funds, as well as electricity are at least two things necessary for salvation.[/quote]That's all. |
Politics › Re: Lagos Insists On Special Status Due To its Large Population by Kilode1: 6:45am On Dec 04, 2011 |
Beaf: Special status in what sense? Mr. Lateef Ibirogba has not made a very muddled submission; if it is to further drag us down the path of unitary govt by demanding more Abuja money, then its a solid NO. What we all require is true federalism that will provide greater regional autonomy, self reliance, cultural preservation and vastly improved productivity. Anybody angling for more money from the FG, is only to be suspected of wanting to pad their pockets, rather than develop a self reliant state that contributes taxes to Abuja instead of thrusting forward a beggars bowl. You dey mind them?  Why 25% ? Where will the 75% go to? The Federal again? I see no progress in that. While the demands by LSG is ok, it does not go far enough. The issue with this half-hearted federalism they are asking for is that it ignores the enormity of our problem, and still places the FG is a position of enormous central power and control. Also, while I agree with him that LG should not be under the fiscal control of the FG, I see no wisdom in this attempt to replace FG financial control with suffocative State Control. If we are going to demand fiscal independence and federalism, then we should go all the way with it. I think LG police is actually the thing to demand for now. Every LG should control their police. We can reduce the number of LG's we have per State and consolidate the service, but I see little difference between central FG control and Central SG control. The aim of this constitutional reform should be the total decentralization of executive power. We need government to meet our people at the city and town levels, like we had before we bought this fake colonial system. Funny thing is that the same people that sold us this system have a largely decentralized political system in their own countries. |
Politics › Re: Can We Have Eze Ndi Igbo Nairaland? by Kilode1: 8:15pm On Dec 03, 2011 |
What is the criteria again? I think I can qualify. I'm 19% Ndigbo and I own 5 container ships  |
Nairaland General › Re: O Ye My People! by Kilode1: 8:06pm On Dec 03, 2011 |
Prof. Ola, famous kini? My name will not ring a bell outside my house. Even for my house sef, na struggle.  @ Isale, that match was never played. It will never count, history will forget it. [quote author=@miguel link=topic=816612.msg9686715#msg9686715 date=1322937129]Good day mod. Pls may I know the reason why I was banned? username = lucenzo[/quote]Is this the shape of things to come on this thread? |
Politics › Re: On Ojukwu I say he should get State Burial By Musiwa by Kilode1: 7:18pm On Dec 03, 2011 |
^ Ok sir. |
Politics › Re: Chude Jideonwo Blasts Senate On Anti-man-lover Law, Why I Am Ashamed To Be A Nigerian by Kilode1: 7:16pm On Dec 03, 2011 |
^ LOL. Arugbo, you no even sabi tweet  Anyway maybe one of his followers will invite him, not sure if he has a blog tho. Me I wan read debate between Nigerian Liberals and this Traditionalist Babalawo from Sagamu  |
Politics › Re: Senate Panel Exposes Fuel Subsidy Beneficiaries by Kilode1: 7:07pm On Dec 03, 2011 |
BetaThings: Otedola is one of the largest backers of Jonathan He was reported to SEC as having falsified AP's accounts And did not pay for AP's shares he bought in 2008 His relationship with Jonathan only got stronger after these accusations
The average person does not need names He needs action The true enemy of Nigerians is the leader who refuses to jail criminals Like the pictures below shey? Lol Anyway, sensible Nigerians know the "owners of Nigeria" care little about ethnicity or political parties. They will find a way to profit from our corrupt system regardless of which party is in power. Ok. So where is the list of those doing oil round-tripping on the high seas? When are we going to charge them to court and jail them? [img] http://thewillnigeria.com/thumbnail.php?file=obudu_258349108.jpg&size=article_medium[/img] https://www.igbofocus.co.uk/assets/images/President_Goodluck_Jonathan_in_Obudu_Ranch_.gifI still believe Otedola and Adenuga are errand boys tho. You don't just purchase oil blocks from obscurity, the real owners of Nigeria are in the shadows |
Politics › Re: On Ojukwu I say he should get State Burial By Musiwa by Kilode1: 4:23pm On Dec 03, 2011 |
Egbon mi Musiwa is addressing core issues. |
Politics › Re: You Cannot Fight God And Govt – Alamieyeseigha by Kilode1: 4:17pm On Dec 03, 2011 |
Alamieyeseigha leader of elders?  Bayelsa no get people again ni? |
Nairaland General › Re: O Ye My People! by Kilode1: 4:15pm On Dec 03, 2011 |
Chei Isale is cold. Opening old wounds like that. Thank God I took a sabbatical during that match  Where is the other Prof. of history sef ? |
Politics › Re: Chude Jideonwo Blasts Senate On Anti-man-lover Law, Why I Am Ashamed To Be A Nigerian by Kilode1: 2:42pm On Dec 03, 2011 |
Sagamite: If anyone knows this foool called Chude Jideonwo, please invite him to come here and come and debate and defend his low-thinking points with me. Sagamite, this is chude's twitter handle --> @chude DM him and invite him, I dey wait for the debate o. |
Politics › Re: Nigeria Come Tops On Dollar Remittance To Africa by Kilode1: 2:38pm On Dec 03, 2011 |
blacksta: I am not surprised - The largest black nation on earth. My Monthly remittance alone feeds about 10 mouths > I just cant imagine what will happen to these people if the money stops. Remmitances from abroad is like a buffer against popular uprising. With the way these people in Abuja steal public money ( 1.4 Trillion on Oil import contract within a few months  ) If not for folks supporting their families from abroad, I'm sure we would have had an uprising in Nigeria. People can only go hungry for a period. |
Politics › Re: Senate Release Names Of Fuel Subsidy Beneficiaries by Kilode1: 2:18pm On Dec 03, 2011 |
Stanley gave the figure of N1.348 trillion as the amount spent on fuel subsidy between January and August this year. Eledumare o! Are we drinking Oyel?? |
Politics › Re: Nigeria Come Tops On Dollar Remittance To Africa by Kilode1: 1:59pm On Dec 03, 2011 |
Nigeria has been tops for a while. We are 160M.
And yet the Nigerian Senate won't allow Nigerians living abroad to vote from abroad?
Those people living abroad support a huge chunk of The Nigerian economy through remittances and trade. Both in the formal and informal sector.
It's dumb silly to disenfranchise them. Millions of Nigerians live off those remittances. Nigerians living abroad share the pain and burden of their family and relatives in Nigeria. They should have the opportunity to vote and choose who will control their lives too. A poorly governed Nigeria affects the pocket of Nigerians living abroad at the least. It definitely affects their lives.
They should let them vote from abroad. |
Nairaland General › Re: O Ye My People! by Kilode1: 1:42pm On Dec 03, 2011 |
[quote author=isale_gan2 link=topic=816612.msg9682703#msg9682703 date=1322885710]Perfect timing. I was just about to open a can of wup-a.s.s on Kilode here: https://www.nairaland.com/nigeria/topic-815768.64.html. Glad I can now do it far away from prying eyes.[/quote]Isale want to cause wahala in Nigeria. Hmm |
Nairaland General › Re: O Ye My People! by Kilode1: 1:38pm On Dec 03, 2011 |
Na Fluff just full this one o  |
Politics › Re: Ojukwu - The Economist by Kilode1: 4:29am On Dec 03, 2011 |
[quote author=isale_gan2 link=topic=815768.msg9682619#msg9682619 date=1322881927]I bought Newswatch instead of The Economist. My assignment is just that. That dude is neither Hausa, nor Fulani. (And I don't even have to check his post history to confirm it.) Only us "ignorant southerners" lump Hausas and Fulanis together.I bet he's one of your posse, trying to pull a fast one.  Derail away! There's a hundred similarly themed threads. lol. Plus, I'd like to see Prof Ola throw a massive strop.  [/quote]First I'll type: Ojukwu (just to cover my behind)  lol @ bolded, You are becoming very good at this NL thing Yea Newswatch was great back in the days, and The News too. But you don't follow Naija Politics too much, do you? I thought we lost you to Omericurr. |
Politics › Re: Ojukwu - The Economist by Kilode1: 3:52am On Dec 03, 2011 |
I promise not to derail Prof Ola's thread again. BUT. . This is scary. . . [quote author=isale_gan2 link=topic=815768.msg9682563#msg9682563 date=1322879511]lol. i didn't say someone else couldn't do it (news) better. Just saying, between Time and NYT, I'd pick the latter. Been there, done that. Even before I traveled out, I used to read the heck out of both Time and Newsweek when I was a wee child in Lagos. So much so, an older neighbor saw me trying to buy both from a vendor one day, and she proceeded to ask me, "What is the difference? One is enough o jare. Waste of money." lol. True story. I think it was the same person on both covers - some huge breaking news, like the death of a world leader or something.[/quote]This story is so eerily familiar. . . Just add the Economist to it and You have a converstion between me and a certain adult in my life when I was just about to leave Sec School. . . almost word for word. . (No wonder you chose Politics) That was before the days of Google search. . I bought the hell out of Newsweek, Time and The Economist when I could afford to. Good times, Google has now leveled us all.  I don't see myself as a liberal. That is an American identifier. Either you is a liberal commie ruffian or a right-wing nut! I'm an African. That's it. That's all. Name Rank and Serial Number. Spoken like a true Sistah  Way to go, Kilode. I actually have decided I have another insight into your real identity. . . . You blow the cover and we close NL for good. I pity Seun Osewa  [quote author=anwar.h link=topic=815768.msg9682571#msg9682571 date=1322879833]@Kilode?!Sorry i didn't get you. you might need to translate that to english. cant speak a word of Yoruba. I am 100% Hausa/Fulani.  [/quote]Ta 'n pe Moola s'ejo?  just kiddin'  It means: How are you doing? |
Politics › Re: Funny Pictures by Kilode1: 3:35am On Dec 03, 2011 |
Officer Mufutau for leave the golf car now. haba  |
Politics › Re: A Suitable Statue For Ojukwu In Enugu (picture Sample) 300 Meters High. by Kilode1: 3:32am On Dec 03, 2011 |
|
Politics › Re: What Ojukwu Told Me Before, During And After The War —sam Aluko (SUN Newspaper) by Kilode1: 3:17am On Dec 03, 2011 |
Meanwhile nothing has been said of Zik's role. Why did Zik defect to Nigerian side? Why has he not been vilified as a saboteur Zik was an Agbalagba (elder) Ojukwu was a Young man ( 33+) The old plan wars, The young fights in it. |
Politics › Re: On Ojukwu I say he should get State Burial By Musiwa by Kilode1: 2:55am On Dec 03, 2011 |
^ Egbon Musiwa, E ku Laakaye. If there is. He should hold his balls. or he end up with everybody kicking that balls for him. President or no president, let the truth be said. I rest my case.  |
Politics › Re: Ojukwu - The Economist by Kilode1: 2:47am On Dec 03, 2011 |
[quote author=isale_gan2 link=topic=815768.msg9682391#msg9682391 date=1322873864] New York Times is infinitely better than Time Magazine, in my not-so-humble opinion. I'm well. Holiday season. . . *shrug* I'm ready for this year to be over, mehn! Come on 20-12! https://l.yimg.com/us.yimg.com/i/mesg/emoticons7/36.gif[/quote]Haha, said like a true US liberal. Not sure they are the best in "World Affairs" Obituaries tho. NYT is as American as they come, probably the best newspaper they have, but it's still too American, insular, (despite their pretenses and poke-nosing), isolationist. I frankly wasn't expecting them to write any obituary on Ojukwu at all  Having said that, I think America does great things when she withdraws into herself, just my personal historical observation. Yes Time is American too, but a bit more international than NYT. UK and Europe based News magazines are definitely more world-focused. Is LIFE still printing? they should do a pictorial obituary of Ojukwu, I bet they have enough in their archives. This year was good. 2012 better be great  |
Politics › Re: The Time Magazine On Ojukwu:the Gentleman Rebel by Kilode1: 1:47am On Dec 03, 2011 |
It's interesting to note how the Biafra war influenced several developments and perception concerning Africa, conflict and the "humanitarian and aid" Industry.
I don't think West Africa, or Africa can survive another Nigerian conflict though. We are now 160M +
. . .But we can do that "Aburi talk" thing again, this time with vision, humility and a sense of purpose. I hope this generation Will. I'm not sure we won't have another Biafra or Rwanda again if we fail to address the fundamentals. |
Politics › Re: Ojukwu - The Economist by Kilode1: 1:28am On Dec 03, 2011 |
^
Isale, bawo ni nkan?
Thanks for posting that. It was well done, maybe sexed up a little bit, but generally good. It's hard to be objective about a tragedy like The Biafra war. Even as an outsider.
One missing historical part for me is the culpability of the British and other European adventurers. Most commentators gloss over the unfortunate partitioning of Sub-Saharan Africa, and the effects on our people. For me, History is not credible in bits and parts. The whole picture has to be presented. It's called cause and effect.
I know it's no longer cool or sexy to blame colonialism for our problems, but what we all need to realize is that Africa and Nigeria, as it stands today is a victim of circumstance, some self inflicted, but the real injury came from external sources. Sadly, we are still not treating the root cause of our malaise. Our Doctors (leaders of thought and action) are still playing the ostrich.
I was referring to the Time Magazine |
Politics › Re: Ojukwu - The Economist by Kilode1: 2:36am On Dec 02, 2011 |
I was waiting for The Economist or Time obituary For Africa it was a cautionary tale. The 1960s, in which so many African countries gained independence, had started with a brutal war of secession in Congo. They ended with another. However, Biafra’s failure to redraw colonial boundaries by force put an end to most further attempts.
If any change is to be made now, it must be by consent, as in Sudan. Perhaps General Ojukwu’s stand was needed to achieve this. This is the conversation we should be having, not this childish back and forth over who should have the biggest roundabout in their honour. To honour those who died on both side of these wars, we need to properly define what we all want out of Nigeria, too much blood has been shed for this contraption, for now, it looks like it was in vain, it can still be corrected. |
Fashion › Re: Rich Nigerians Embrace Jewellery "king Of Bling" by Kilode1(op): 10:20pm On Dec 01, 2011 |
Ovularia: Oil minister, her jeweller and their sweetheart deal By Musikilu Mojeed
June 26, 2011 01:26PM
On April 7, 2010, a day after her appointment as minister for petroleum resources, Diezani Allison-Madueke flew to Beverley Hills in Los Angeles to revel in a lavish party and fashion show put together by Christopher Aire, a United States-based Nigerian celebrity jewellry designer and merchant, whom she met during her 15-month tenure as minister for solid minerals and steel development.
By the time the bejewelled Mrs Alison-Madueke returned home a few days later to assume duties as Nigeria's first female oil minister, she had achieved three clear objectives from the trip - she had unlimited fun, acquired some of Aire's exotic gold and gemstones, and handed Mr Aire an invitation to become one of Nigeria's biggest crude oil lifters.
It was the beginning of a beautiful friendship.
At the time, the 47-year-old Mr Aire had nothing whatever to do with the oil business. His company, Solid 21 Incorporated, dealt strictly in jewellery and timepieces. Those close to him said Mr Aire was content with his jewellery business and had no plan to venture into Nigeria's murky oil waters. But all that changed after his meeting with Mrs Alison-Madueke that fateful April 7.
As the minister was flying home, Mr Aire also kick-started the process of registering brand new companies with which he planned to lift Nigerian crude. On July 9, 2010, the jeweller incorporated Siseno Oil Nigeria Limited, with him and one Patience Iluobe (believed to be his relative) as directors, to carry out the business of petroleum products sales and distribution.
Twelve days later (July 21, 2010), Mr Aire, through his agents, headed again to the Corporate Affairs Commission, where he incorporated another firm, Caligeria Oil Limited, also for the purpose of conducting petroleum products sales and distribution.
This time, one of his US-based companies, Osiri Holdings, Ms Iluobe, and one Otaigbe Onyekwere Agba, were named as directors. Mr Aire also proceeded to incorporate a US version of Caligeria with himself, his bodyguard, Joseph Agbi, and Jivani Davoodian, a Californian lawyer, as directors.
Favourite crude oil lifter
Mr Aire passed the papers of his newly minted companies, which have neither fixed addresses nor personnel, to the Crude Oil Marketing Division of the Nigerian National Petroleum Corporation. Shortly afterwards - a month after the companies were born - Mrs Alison-Madueke discretionally approved the award of crude oil lifting contracts to the two firms, in violation of NNPC guidelines for lifting of Nigerian crude.
She also disregarded the fact that the "briefcase company" had no track record and lacked the ability to perform. According to a stringent guideline released by the NNPC in early 2010, companies which wish to lift Nigerian crude must prove that they are bona fide end users and that they are established and globally recognised large volume traders with evidence of their global network, their activities, and volumes of crude oil handled in the last three years.
Such companies must also provide evidence that they are registered Nigerian companies with operations in Nigeria's oil and gas industry, and must have a minimum annual turnover of at least $100 million and net worth of not less than $40 million.
Applicants are also required to show commitment to the development of the Nigerian economy by investing in any number of opportunities that abound either in the oil industry or gas sector. Besides, successful companies are expected to post a $1 million performance bond through a first class Nigerian bank in addition to the regular crude oil contract provisions.
In the same guideline, the corporation promises transparency, fairness and equity in the contract award processes. "The NNPC further wishes to emphasise that there is absolutely nothing like ‘Presidential', ‘Task Force', ‘Ministerial', ‘Diplomatic' or any other form of special or privileged allocation, which can be peddled by hawkers or anyone," the guideline states.
Mrs Alison-Maduekwe approved this guideline, which was posted on the NNPC's website on June 24, 2010, over a month after she became minister. But by allocating crude oil to Mr Aire's companies without regard for these rules, the then minister, insiders say, demonstrated a penchant for violating laws, including regulations she helped put in place.
Those who should know at the NNPC say Siseno and Caligeria did not meet any of these requirements. In fact, NEXT was able to determine that the companies do not have fixed addresses or personnel in Nigeria. Caligeria has Plot G19, House 34, Dan Alhaji Road, Barnawa, Kaduna, as its registered address. Siseno, on the other hand, listed Dollar Shop at the Transcorp Hilton Hotel in Abuja as its operational address.
But visits to those addresses showed that these companies never operated out of those locations. Plot G19, House 34, in Kaduna is an unpainted residential bungalow, and residents and neighbours said no company known as Caligeria has ever operated in the building. "Just because their owner knows the minister and hosted her well at his glamorous event in California, the companies are today two of the biggest lifters of Nigeria's crude oil," said a source at the petroleum ministry.
We have learnt that, between them, Mr Aire's two companies lift 60,000 barrels of crude per day, the highest for any established industry player and twice as much as well-known companies such as Addax, Vermont, Oando, Unicorp and others who are allocated 30,000 barrels per day. The government, through the NNPC, subcontracts crude marketing by allocating crude lifting contracts of 30,000 barrel per day; but some traders like Glencore, Travigura, Vitol and Sahara get as much as 60,000 barrels per day.
Nobody got more than the minister's jeweller friend
As usual, Mrs Alison-Madueke declined to state her own side of the story to our reporters. She called off an interview appointment scheduled with our editors for June 13. She also did not return calls and text messages seeking her comments for this story.
Mr Aire did not respond to our enquiries either. When our reporter called his California office, a spokesperson who identified herself as Adriana, requested that questions should be e-mailed directly to her. She did not respond to the email as at the time this newspaper went to print. But the spokesperson of the NNPC, Levi Ajuonoma, rose in stout defence of his organisation, saying the organisation did nothing wrong. "The process for crude oil lifting license is so cumbersome. If you don't meet the requirements, you cannot be approved to lift crude," Mr Ajuonoma said. He confirmed that Caligeria, which he claimed had been around for a long time, got a one-year lifting contract that had since expired. He denied that Siseno was awarded contract to lift crude, saying "there is no such company on my list." But information at our disposal shows otherwise.
Caligeria's registration documents, obtained officially from the Corporate Affairs Commission, indicate that the company was incorporated less than a year ago and has a subsisting contract with the NNPC. High level sources also confirmed to us that Siseno, also less than a year old, is on the list of our country's crude oil traders. With the arbitrary allocations to his no-address companies, Mr Aire and his associates earn about $11 million a year in profit for doing virtually nothing. Crude lifters make about 50 cents a barrel per day, which cumulatively comes to about $30,000 per day in profit for the jeweller-turned-oil magnate.
Typically, what these ‘briefcase companies' do is team up with influential officials such as Mrs Alison-Madueke, lobby for contracts independently, and then sell their allocations to more established traders. Mr Aire's companies also benefitted from Mrs Alison-Madueke's discretional award of contracts for the lifting of products from the Oso condensate (an extra light Nigerian hydrocarbon) and the Escravos liquefied petroleum gas terminal. Our sources said Caligeria lifts 45,000 metric tonnes of condensate, while Siseno gets 30,000 metric tonnes of LPG from Escravos. Industry insiders said profit from this also runs into several millions of dollars.
Some industry operators described the obvious in calling Mr Aire's a "sweetheart deal". "We just can't understand why briefcase companies without any track record became Diezani's most favourite companies to lift crude oil," said one highly placed source in the petroleum ministry, who did not want to be named for fear of reprisal. "This is the highest level of arbitrariness and corruption I have ever seen, and this woman must be made to answer questions," the source said.
Allison-Madueke's bazaar
Arbitrary awards of crude lifting contracts to obscure companies is indicative of the corruption in the oil industry, which allegedly skyrocketed during the tenure of Mrs Allison-Madueke to a degree last seen during the Sani Abacha administration. Insiders said that during her tenure, awards of contracts were characterised by bribery of top politicians, cronyism in allocation and indirect ownership in some of the lifters, and payment of huge bribes to high level facilitators within the petroleum ministry and the NNPC.
But this has not stopped Mrs Allison-Madueke, who has alienated the entire industry as well as her cabinet colleagues and senior aides to the president, from lobbying furiously for reappointment. Sources say Mrs Allison-Madueke, who is close to the president, is also opposed by Patience Jonathan, the president's wife.
Despite what appears to be overwhelming opposition, however, insiders still rate Mrs Allison-Madueke's chances high, as the president finalises his list of cabinet ministers for transmission to the Senate this week. Our investigation revealed that apart from Caligeria and Siseno, the former minister also trampled on due process in awarding crude lifting contracts to other companies such as Sullom Voe, Spog, Tempo and Tacomo. Insiders also accuse her of discretionary awards of Escravos liquefied petroleum gas contracts to Addax Energy, Avidor Oil and Gas Limited (believed to have connection to Vitol), Taleveras Business, Accoldis Limited (with connection to Spog), Elan Oil (believed to be another version of Traffigura) Tempo Energy Limited, and Blissfield Enterprises. Yet, the bazaar did not end there.
Mrs Alison-Madueke, our sources further revealed, proceeded to discretionally approve the awards of Oso condensate contracts to Algasco (also linked to Vitol), Optima Energy Services, Theydon Petro SA, Ocean Bed (with connection to Sahara Energy), Mangrove Energy, Havistar Petroleum (linked to Taleveras), Hyson, Ascon limited, Nipco Plc, Vitacan Services Limited, AMG Petro Energy, Energy Resources Management, Ultimate Gas Limited, Tempo Energy, Caligeria Oil Limited, Mez Technical Limited, Messrs Affiliate Global Exchange Limited, and Mezcor SA. Most of these companies have little or no investment in Nigeria, as required by the NNPC guideline for crude oil lifting.
A stench of corruption
The former powerful minister worked through a group of very small, even shadowy, companies that always seem to get the best contracts from the NNPC in the upstream and downstream sectors and on occasion in the services industry.
The tangled web of questionable deals includes last-minute assignment of production rights in five large oil blocks to Septa Energy and the obscure Atlantic Drilling Concept Limited without a public tender. The practices also include the secretive award of kerosene allocations, crude oil allocations, fuel oil allocations, LPG and condensate exports, automotive gas oil and naphtha. Oil traders, according to insiders, regularly pay substantial kickbacks into the offshore accounts of top oil sector executives. Insiders say the Isle of Man has been a favourite jurisdiction for such offshore accounts.
The funds are paid directly into the accounts from outside Nigeria and thus the funds never enter Nigeria and cannot be tracked internally. The funds are often then laundered through real estate purchases. A source familiar with the arrangement said London remains the dominant location where funds are laundered in this fashion.
It is said that since Farida Waziri became the chairperson of the EFCC, the Metropolitan Police had enjoyed zero local co-operation in pursuing such matters. In fact, the source added, when the Met briefs the EFCC on such cases with a view to getting its assistance, elements in the commission promptly informs the target - for a fee of course. Under Mrs Allison-Madueke, all sorts of gaps have been exploited. As at April this year, 600,000 metric tonnes of diesel had been imported, with importers shaken down at a rate of N10 per litre.
We have no evidence that these bribes directly involved the former minister. NEXT had also uncovered an elaborate bribery scam at the Petroleum Product Pricing and Regulatory Agency (PPPRA), where oil marketers were compelled to pay bribes in US dollars in exchange for obtaining authorisation to import gasoline.
Our investigation at the time showed that oil marketers were instructed by PPPRA to call a mobile telephone number and pay a bribe of $8 per metric tonne of petroleum allocated to them, such that a firm with a 100,000 metric tonnes allocation would be required to pay a bribe of $800,000 in cash. We were also able to establish in subsequent investigations that Mrs Alison-Maduekwe appeared to have violated Nigeria's procurement law by quietly signing away operatorship rights in five lucrative oil blocks to two barely established companies.
http://234next.com/csp/cms/sites/Next/Home/5721486-146/story.csp Dayuum! You mean they paid for the bling in Oil Subsidy contract?? |