₦airaland Forum

adenigga:
Source: https://punchng.com/NCC-urged-to-ensure-uninterrupted-internet-access-during-protest

Kobojunkiee:
When her father protested back in 2012 and again in 2014, the government of the day did not shoot at him or at the youths. Her father, the government of today, just days ago gave the police IGP tenure extension with plans to potentially use him to perpetrate violence against the youths of Nigeria today. Tell us here what the real issue is.

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.

simpleseyi:
The traitor has sacked himself. He has been declared persona non grata in Lagos. Ogun go kill him Mama very soon

fergie001:
The Supreme Court of Nigeria as constituted has 10 Judges. If all eleven are confirmed, this will be the first time in the history of the country where the Apex Court will have the full Court (21 Judges) as mandated by law.

Mbamally:
As Posted by Femi Gbajabiamila



Femi Gbajabiamila

Ebeano49:
You clearly know nothing about foreign investors. These people have analysts whose fulltime job is evaluating Nigeria. If the environment is right, investors will come. They don't need to hear from BAT or any politician. They have access to hard facts.
No credible foreign investor or tourist will go to where their governments have officially advised them against going, as they have done for most of Nigeria. Their insurance companies won't even cover such trips. Get the basics right and watch foreign investors flood in.

DSC7:
You should be ashamed of yourself, as young as you are, you are campaigning for a brain dead drug dealer and boko haram sponsor to rule over you....


I spit on your empty skull,,, tuehh..

LagosPrince:
The lady in picture is pained because nobody calls her for English films except for Yoruba movies .

😂 😆 😂

MS247:



When they were donating to buy guns for touts and untrained civilians in the name of ESN we warned them

Peter Obi is silent
Abaribe is silent
Orji Uzor Kalu is silent

All Ibo Nairaland Keyboard warriors are silent

I watched the video of kids and their teachers getting flogged by the sit at home miscreants and how the kids told them they had exams.... This broke my heart ❤️




.

VinnyBaba:
Some Nigerians get Carried away easily. 😒

Just because of mere Subsidy Removal and this Overdue Emefiele sack,
Tinubu is praised by some.

Just like praising Arteta or Eric Ten Haag after 2 Matches in an EPL season.

Tinubu/APC will still Fail, Last last. 😕

BrownSugq:
Tinubu has spent 2 weeks without any achievement except his personal ventta.


Not even one single achievement.
Economy
Security
Kidnapping bandits
Fulani hardsmen
Bokaharam
ISWAP
Corruption
Poverty etc.

Zero achievement

sarrki:
President elect bola Tinubu officially handed baton of service -photo

[/quote][img][/img][quote author=peekspot post=123190578]https://www.vanguardngr.com/2023/05/its-abuse-of-court-tinubu-opposes-live-broadcast-of-election-petition-proceedings/

HIGHESTPOPORI:
And he is not collecting 10% of Igr like the drug baron

LagosFirstSon:
the question is too much for him to answer

DeepThroater:
How is this any business to America you insufferable okoro Congo Jew rat ?

How is this also not an effort by the agbeko gutterman Jew rat in getting the US to meddle into the internal politics of a sovereign nation ?

You insufferable and eternal slaves think Nigeria is a vassal of the US that you can get the US govt to interfere in our elections so as to get your OSU last hope into power.

You should continue with this your latest suicide mission for Judas .

At the end, nah una go collect breakfast, brunch, lunch and dinner.

Fools

Massiveglory:
Tinubu media boys ,Premiumtimes pretending as if they they don't know the political games of their master tinubu.
Their assignment is to distract us. We cannot be distracted.

We know obi .
We know his antecedents
We know what he is capable of doing.

We also tinubu.
We know his antecedents.
We know what he is capable of doing.

We know there was an attempt to impersonate and criminate Peter obi.
We know where and who it come from. Premium times also knows who and where it came from.

What I know is that no matter the conspiracy, PODATTI will get his mandate back.

seunmsg:
Oh, Tinubu is also the one using the UK government to pursue Peter Obi for whatever offense he committed in London? Omo, e don red o 🤣🤣🤣.

chokekachy:
https://twitter.com/YeleSowore/status/1646144917750546433?t=ezp-DkmBj535HiwJ0esN0A&s=19[/quote]Mr Ruffy OSEny
Erudite television reporter…could you please update us on this immigration versus yes daddy in uk?😁

Over to you Hellyoupeellers

fergie001:
SOURCE