KingOfTheDamned's Posts
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Racoon:Stop making fools relevant. Why bother to engage with him? He is an illiterate who is fortunate to have access to the internet |
SensetionalGoal:That's because you guys give the jobless dolt time.. The coward can't open his mouth to speak against the south south here because we will rip him to pieces ,so blame yourselves and your fellow igbos who give him time of day without ripping.him to shreds |
Mjshexy:The future is very bleak |
Obiedun:Are you the spokesman for Kwara state ? The way some of your poor people sit with your phones and type on this forum makes me laugh. What is your political weight in Nigeria ? Who knows you on this forum talkless of in Kwara state for you to make this statement? Who can you control in Kwara state ? You can't feed yourself but you can speak for a whole state ? 🤣🤣🤣 |
Helinues was all over the forum saying the North has ended the protest 🤣🤣🤣🤣 |
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.
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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.
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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
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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!
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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, Rivers, 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
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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.
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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.
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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.
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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. 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 🇲🇹.
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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.
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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.
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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. |
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. Source: https://x.com/AnonXNG/status/1816857417721712741?t=DezEf4YZbpVVMkXscBK0qg&s=19
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LocalFARMERS:Assorted is what port people call waste meat. Real assorted doesn't look like that dog food. |
LocalFARMERS:This looks like waste meat bro. Seriously if not for poverty this is not what you should be happy for |
Lol, why the shock? Does she think women everywhere only focus on prostitution the way Nigerian women focus on it? Does she think people are desperate for money the way all the men in her life are? Does she think everyone doesn't value a good name and are ready to ruin their family name by entering yahoo or prostitution the way Nigerians do? Does she think everyone worships money the way all her family members and friends do? Ozuor |
OnionBandit:Differs in opinion? He defended buhari he is defending Tinubu,he is paid to manipulate citizens against each other . He uses tribalism and attacks freedom of the citizens. Worse was done to defend Hitler by Nazi supporters but the internet never forgets . He will pay one day trust me |
helinues:When in future Nigeria gets very good and corruption is ended . Some of you will literally be hunted down. Same way some stood and defended Hitler back then because they benefitted from his Nazi Government and never foresaw that he would lose to the allied forces. Some of you here who have been marked and supporting evil will literally be hunted down one by one . Because then there will be no tribalism,Nigeria will be united under one good leader and the youths then will be checking the internet for those like you who supported the evil in power just as the Nazi supporters were hunted down one by one and killed. Mark this post , one day you will cry and be trying hard to explain away all the evil you supported begging to be spared. You will be seeking for people to save you with tribalism but it won't work Have a good day |
helinues:When in future Nigeria gets very good and corruption is ended . Some of you will literally be hunted down. Same way some stood and defended Hitler back then because they benefitted from his Nazi Government and never foresaw that he would loos eto the allied forces. Some of you here who have been marked and supporting evil will literally be hunted down one by one . Because then there will be no tribalism,Nigeria will be united under one good leader and the youths then will be checking the internet for those like you who supported the evil in power just as the Nazi supporters were hunted down one by one and killed. Mark this post , one day you will cry and be trying hard to explain away all the evil you supported begging to be spared. You will be seeking for people to save you with tribalism but it won't work Have a good day |
It's all the left usual media propaganda we are used to 🤣🤣 So donations has a record? 🤣🤣🤣 Which means we in Nigeria must be breaking it every Sunday with church offering transfers 🤣🤣🤣🤣 |
helinues:When in future Nigeria gets very good and corruption is ended . Some of you will literally be hunted down. Same way some stood and defended Hitler back then because they benefitted from his Nazi Government and never foresaw that he would loos eto the allied forces. Some of you here who have been marked and supporting evil will literally be hunted down one by one . Because then there will be no tribalism,Nigeria will be united under one good leader and the youths then will be checking the internet for those like you who supported the evil in power just as the Nazi supporters were hunted down one by one and killed. Mark this post , one day you will cry and be trying hard to explain away all the evil you supported begging to be spared. You will be seeking for people to save you with tribalism but it won't work Have a good day |
FreeStuffsNG:When in future Nigeria gets very good and corruption is ended . Some of you will literally be hunted down. Same way some stood and defended Hitler back then because they benefitted from his Nazi Government and never foresaw that he would loos eto the allied forces. Some of you here who have been marked and supporting evil will literally be hunted down one by one . Because then there will be no tribalism,Nigeria will be united under one good leader and the youths then will be checking the internet for those like you who supported the evil in power just as the Nazi supporters were hunted down one by one and killed. Mark this post , one day you will cry and be trying hard to explain away all the evil you supported begging to be spared. You will be seeking for people to save you with tribalism but it won't work Have a good day |
helinues:I don't think they really attack anyone on this forum other than you. Seems no one not one person on this forum likes you except for other paid posters like yourself. You are really hated on this platform o. 🤣 Then why do you insist on being where no one likes you? Have some self respect bro 🤣🤣🤣 |
mrvitalis:We know you work for the government so continue |
kestolove95:Are you not part of them? Let me tell you yahoo yahoo is damaging this nation so much !! You guys make it hard for honest Nigerians to survive because everyone thinks we are all scammers ![]() How many accounts do you own on Nairaland? Why are you opening so many if you are not into yahoo? Tell us My joy is you will all end up in prison eventually. Slawonirr was on the other thread boasting how he spends a lot on data , all to do fraud !!!!! You lot will rot in jail |
VEHINTOLAR:Shukwudi stop hiding behind another tribe. Tell your leaders to stop denying and be patriotic . Join the peaceful protests like other citizens. Nigeria belongs to all of us. Sit at home is dealing with you lot yet you are saying protests doesn't concern you all? Foolish illiterate 🤣🤣🤣 Tomorrow if Nigeria is better you will stay you are Happy when you didn't play your part ? Bush goat |
VEHINTOLAR:Ifeanyi tell your leaders to stop avoiding the protest. Is sit at home no dealing with you all enough ? Get sense emeka |
