₦airaland Forum

Eruditor:
Hide your lies in many words.

NAPIMS funds upstream activities and ONLY that. I don't know if you have rethinks before posting.

Lol Stop portraying your ignorance. And what companies are involved in JV partnership? Are they not upstream companies? NAPIMS oversee JV activities, and JV activities are limited to upstream business. so what is exactly is your point? Before you gp online and type, get your facts right.

Luxury Jets they don't get to use? So how do the execs travel? Arik air and Dana? Abeg lie with style.

No. JV companies don't use luxury jets. Even NAPIMS won't approve it. JV companies have company owned aircraft which they use. They operate using their airstrips located at Ikeja (at the local airport) and at their main locations.

What are JV activities and how can you tell the GMD didn't use the jets only for such activities? You are just spinning yourself with illogic.

NNPC does not operate JV activities. They only oversee JV activities. And it is not exactly the business of the minister to directly involved in day-to-day JV activities, so what business does he have using the luxury jets. Like i have enlightened you already, the JV partners don't use luxury aircrafts.

fulanimafia:
Baseless.

How can you defend your allegation that the NNPC dictates the budget of the JV? Because it's a majority partner? That's just a lazy pedestrian inference.

The question remains that if a stakeholder in the JV (which you are not, just a claimed staff) confirmed that NNPC's partners finance the charter of the jets, why did Diezani claim she was paying billions for the service?

For your information, the fact that NNPC holds a 60% stake in the JV does not automatically translate to NNPC paying 60% of the charter cost of those jets.

@The bolded.....It does. If not, it is even more indicting that JV partners pay for expenses incurred by NNPC not accounted for.

As a majority shareholder, NAPIMS (a subsidiary under NNPC) provide oversight function over all budgetary activities of the JV. NAPIMS have to approve annual budgets of JV partners and monitor implementation. thus NAPIMS play a dual role....contribute 60% and provide regulatory oversight on all financial activities including ensuring accurate crude allocations based on the sharing ratio.

Now....I give you a scenario that plays itself in every govt establishment. When you need to get something done, you may have to give kickbacks except if you stand your ground which will ultimately lead to delays and obstacles. Same thing occur when JV partners have to get their budgets signed by NNPC. You will be forced to make compromises and include items in the budget you are not normally willing to make and are not justified (e.g. it may be in form of sponsoring foreign trainings, estacodes, luxury jets, etc.). It all boils down to forecful extortion.
You tell me a moral justification of having the JV partners fund the hire of a luxury jet they don't get to use? What business sense does it make?

Lets even assume the JV partners use luxury jets (which is NOT the case), the NNPC boss is not legally allowed to use a luxury jet dedicated to JV operations IF it is not soley for JV business. Money spent on JV business is simply for JV activities.

Lastly, I wasn't defending Diezani. I think we will never progress as a nation if we keep comparing the enormity of a corrupt act against another. What is corrupt is corrupt and we should deal with it as such. Unlike you, I am not playing politics. I will criticize what is wrong, be it APC or PDP.

fulanimafia:
You conveniently ignored the explanation given by a named stakeholder, yet you're asking me about an allegation from someone the report refers to as an unconfirmed source? Are you serious at all?

All your answers are contained in the rest of the article that the poster FRAUDULENTLY cut out to mask the propaganda title of his thread.

The question is why Diezani was paying for services that came free with the JV agreement?

http://www.punchng.com/kachikwu-emefiele-fly-private-jet-used-by-diezani/?utm_source=&utm_medium=twitter

For your information, the service is NOT free. NNPC pays 60% of the bill and force the IOCs to remit the remaining 40%. The JV partner uses luxury jets in the company. I can confirm that to you.

cc scholes007

wirinet:
Why are wailers not concerned that Diezani Madueke paid N10 billion for services she should be getting for free.

Nonsense response from the guy. He was deflecting from the question. I work in one of the JV companies and I can categorically tell you that is not how it works. NNPC owns 60% of the JV so they dictate what is included in the annual JV budget. Don't let them deceive you by hiding under the JV agreement. How many of the JV partners use luxury jets? the answer is none. The NNPC is simply forcing the JV partners to contribute 40% to the excesses of the NNPC boss.

cc fulanimafia .....for your learning too

mojounited:
#Yawns, I don tire! The pictures are too many, mbok if you want to see more kindly visit Akwa Ibom State...

Bros e. You seem to know a lot of places in Uyo. I have 3 questions in order of importance:
(1) Do you know places (e.g. hotels, etc) where I can learn swimming in Uyo?
(2) Is there a Baptist church in Uyo? I have searched but I haven't yet found one yet.

Airforce1, I don't know you and I have not been following your activities on nairaland. But this fellow below seems to know a lot about you and he is blunt and straightforward.
I guess you give his words some thought. I am not sayin you should take his words for it. I am only saying you should consider them.

temmym4:
What the H is wrong with this dude?
Was this not the same boy who uploaded some cash cash stunt as his first pay previously?
When will you grow up na? U have proven to be a laughing stock lately and now it is really annoying, i remember few months back when you opened a feminine account and all the topic on that account was for you. Who does that? Girls? Of what planet? ..absolutely not.
Don't you have close friends or a family member who can really talk sense into you bro?
It takes seriousness, hardwork, prayers, talent and focus to get into the high places, not all these childish, meaningless and d.*.mb stunts.
What your younger ones supposed to do and u sm.a.c.k them is what you are into.

Seriously, can't you just sit down, put what u have been doing here together.. Go through them again and ask yourself, Am i making any sense, are these people believing all these Jar.g.o.ns i post most times? Are they that very stu.pid?

If u are not talkin about your wacky studio recording that you keep wasting cash upon, you ll be posting a photoshoped show advert of you with other popular artist. Don't you feel you need to be flogged bro?

What do u have here this time? A guard related uniform? Kk, congrats IF you have just got employed, i wont be surprised if you are a Junior officer taking a picture on the boss' desk at his absence, that's not even my business anyway... it s better if u just stick to this job and dont even think about quitting for music, if that your "Diva" is what you call music, then am afraid something is really wrong somewhere. whosoever tells you that you have got a career in music yet with your current performance and studio work is either mocking you or scared to tell you the truth.
Moreover work on your facial status, if this current one is what you might have on your CD, then nothing to say to you. At least someone might consider buyin an album simply because of the art and not the wacky songs.
Don't get me wrong, i don't hate you, I just want to see the seriousness and adulthood in you. I want to see you excel just as any other top individual. When u base your existence on lies and deception, you will live the rest of it that way, cos you ll need other fresh lies to cover up for the previous ones, what do u gain from bn Fake?
This is from me to you brother. Love it or hate it/ Take it or leave it. Your choice!

The chief liar is at it again Baba of propaganda

HungerBAD:
80% of the States that took money are PDP States.

And that includes Ekiti, with the Loud Mouth Fayose who never sees anything good in this Government, unless after he has siphoned his State's money and wants to go get more from the Federal Government.

The sad thing is that those Monies have gone into Voicemail.

Your hypocrisy knows no bounds. What does PDP/APC has you do with this?
How many APC states did we have in the previous administration anyway to form a basis of comparison? Was Ekiti a PDP state inthe previous administration? Which states took the highest bailout funds? Osun, Imo, Ogun, Ondo, Benue. Withe exception of Benue, all others were and are APC states. Their bailout funds are more than 12-15 states combined.
Stop politicizing everything. You look silly when you do so.

HungerBAD:
80% of the States that took money are PDP States.

And that includes Ekiti, with the Loud Mouth Fayose who never sees anything good in this Government, unless after he has siphoned his State's money and wants to go get more from the Federal Government.

The sad thing is that those Monies have gone into Voicemail.

Your hypocrisy knows no bounds. What does PDP/APC has you do with this?
How many APC states did we have in the previous administration anyway to form a basis of comparison. Which states took the highest bailout funds? Osun and Imo which are APC states. Their bailout funds are more than 6 to 7 states combined.
Stop politicizing everything. You look silly when you do so.

Mrchippychappy:
if say dis people no get money, dem for worwor no be small

Sorry to say, your comment makes no sense