₦airaland Forum

Gambari pa Fulani. Soludo don start oh

PrinceOfLagos:
What if after all this "Sakamaje" by Tinubu in Kano and he still lose at the primaries which is obvious he will lose ?

Well, I'm just scared of what will become of Tinubu after the primaries on May 29th because the arrangements on ground I'm afraid do not favour him at all

Tinubu is in Kano fooling himself and his useless slaves while Amaechi is someone working smartly underground

I can't wait for the primaries

Omo ibo in sifia pains
How Owerri , Imo state today? Ipob terrorists neva chop flesh today.

My mama come from Lagos but my papa is from Owerri, Imo state wey we get useless druggie elders wey like to dey fool around after taking mmpuri mmiri.

Nigerian President with too much swag!! Well done my President Buhari.
OP, abeg shey dat UAE parade na men or women sef

Whiteangel1234:
When will Tinubu Visit the south East APC delegate ?

It's like Buhari go better pass this one , Umuigbo Shine your eye ooh


Abi na shame to come and ask us to south Another South West Candidate ?

Asiwaju Tinubu ; na dem dey rush us
Eyin Omo Ibo, ati tun zeh! Ijaya!!

Omo Ibo!! Iyalaya yin! Dis one na solid metal.
Asiwaju Omo ologo d Jagaban of d universe 2023 victory na God's plan for Nigeria..

Mpeace:
Presco being punished for poor dividend.
Fullest bid at 180.
They gave only N6.60 despite an Eps of N19.32.
For a N200 stock. The dividend is just about 3% dividend yield almost same with transcorp at 2%.
Some of our indigenous companies are just too greedy and stingy with dividends.

Presco no be indigenous company like dem Transcorp o.
Tey tey , everyone don sabi say Presco no dey pay like Okomu I believe say dis time, na becos of SIAO and d scrip bonus issues dem won do.

Hahaha....issokay. PDP can enjoy dia usual 95% votes in iboland

Joeyzinho:
You are not well equipped to reason and apply critical thinking in your daily activities as well as trying to express yourself on NL that's why you spend your whole day chanting "Tinubu urchins''...

Get well soon..

tank u for nacking dat omo ibo ipob terrorist hin mmpuri mmiri addicted head with correct 4 by 4

43Ronin:
[s]GEJ owe federal civil servants salaries? When will you wake up and realise people now see through the lies? You probably think everyone was as stupid as you people that brought in buhari. Did u just say insecurity in GEJ time? Are u saying that the security situation is better? Did u also just talk about fuel? Did GEJ import bad fuel? Did electricity grid totally collapse in GEJ time that the whole country was on blackout for a month? Was petrol so scarce during GEJ time that the aviation sector almost shut down? You people together with fake pastor osinbajo, Bakare & adeboye protested the removal of fuel subsidy that would have helped the country by now. Encouraged igbo smoking brain dead career depleted musicians like nice & hoeish nollywood actresses to protest the betterment of Nigeria. Karma will visit thiéfnubu, amechi, saraki, fake pastors osinbajo and bakare. APC will be history by 2023[/s].

omo ibo, dat mmpuri miri and penis enlargement concoction dey worry u liar and ipob terrorist/cannibal. na ipob terrorists like u dey disgrace my ibo people . shiorr

Unubi
Ekwulumili
Amichi
Akwaihedi
Ebenato
Osumenyi
Utuh
Ezinifite
Ukpor

Which kain juju names be dis

Okobo kin bi omo si itosi Is it not hin performance as Governor in Ekiti and Buhari minister e suppose use to campaign ni?

Hahaha

dedonfranco:
Goodluck Jonathan is a good Man but He is not intelligent.

Jonathan; a man wey dey owe people salaries for several months wey hin dey collect hin own no be good man.
a GCFR wey dey send soldiers go war front without bullets in dia guns na yeye evil GCFR. In short, Jonathan na bad and yeye clueless leader.
na dat horrible fantastically-corrupt Jonathan time we dey spend christmas and new year at petrol stations and every independence day na so so bomb blasts.
if u want make I continue abeg let me know

Gozac:
Jokers, power will not come to SW anyway

omo Ibo, u just dey disgrace my ibo people upandan. o ga o.
Anyways, mon key o

yMcy56:
No one is talking about this?

* If 9 out 10 is to be cancelled, then it will be in ratio 1:10..... i.e. One for every 10 held......
If you have 2M units for instance it will become: 2M÷10=200k.....
*Let's say the closing share price before suspension is placed is 30k, then the new reconstructed price will be 10x0.30 =N3.00 be that.....
* Lol. If MM should step in here like WEMA did, it may end up paying off........cos there's going to be some pumping here.

Ok. Let me not be too Forward.
Let's wait for further communication and breakdown of how it will go.......
Oga Labalaba, abeg if you first see the update, help post am and put me in copy abeg.

Okay ma Aunty Mercy

Oshiomole don finish Fayemi. Na retirement e dey go so.

It is game over. Jagaban don win
Omo Ibo, u see una life. Ur wailing don extend grom 2015 to 20131.

Pristine664:
Abiola part 2

Omo Igbo, na ur new format be dis? una go wail until 2031. shiorr

Enemies go quench o say Lagos and Kano on lockdown for Tinubu.
Kano own loud too!

Burruchaga71:
He will definitely receive the beating of his life in South East ... Iwe na ewe Igbo boys!!!

Like u beat PMB shey?

Penguin2:
Not only Southeast, but even Southsouth.

That gives you the idea of the kind of Nigeria that Tinubu wants to run as President.

The Nigeria that would exclude Southeast and Southsouth.

It didn’t start in this campaign; it started since 2015 after Buhari won the election, Tinubu extricated SE and SS from his map. But he wants to be president.

His urchins will still give lame excuses.

with hateful lots like u online, Tinubu don see SE. Ibos dey on Tinubu campaign strategists but na reasonable intelligent ones. SE na PDP so PDP can have ipob terrorists votes. Reasonable ibos dey for d north, SW and SS.

Validated:
He believes he can win without SE and that is myopic sincerely

na waste of time and resources campaigning for iboland. Reasonable ibo people don leave d land to native ibos, ipob terrorists and cannibals. Like mnk format: To get ibo votes, campaign to Ibos in SW, North and SS, you go get Ibo votes, just like to get terrorism sponsors, campaign to ibos in diaspora .shiorr

MASTAkiLLAh:
Ie, someone in government is interested in those Mobil assets

Omo Ibo, na NNPC dey interested and dem don write am openly say dem dey interested and na dem MPNU supppse come meet first to buy am since na both of dem dey control d asset.

Make a break am down for ur sumol mind, if u and anoda ipob terrorist buy car and he go sell hin share to a non ipob terrorist, u go vex , especially if ur fellow ipob terrorist no tell u and u get d money to buy hin share. Na wetin MPNU do be dat. Nothing concern Seplat. kapish

BlazinGlory40:
You are the first person bringing in ethnic coloration to this article

no mind ipob terrorists and cannibals.
Dis kain tin dey too difficult for their drug afflicted mmpuri mmiri brains becos dem no go school and con be cultists and cannibals.

D tin wey I read up dia say na MPNU do the wrong thing no be Seplat.
In fact, d regulator exonerate Seplat. If I be Seplat, I go sue MPNU but since Seplat people sef na cunny people, dem no go fit sue MPNU for compensation for all d money and time dey spent on dis kangaroo audio acquisition. shiorr.

emmanuelewumi:
But FGN does not have the fund and the expertise to manage the asset, why are they frustrating the private sector

na lie be dat but even sef Seplat no get d money. Dem be Oando 2.0 wey dey disguise.

If to say FG block Oando dat time, Oando shareholders for no enta soup now. NNPC na private now and make we watch.

Seplat na alaaru ti on je buredi joor.

NNPC get d money https://businessday.ng/news/article/nnpc-secures-5bn-afreximbank-funding-for-upstream-sector-investment/

BREAKING: FG Declines Consent to Seplat, Mobil Oil Producing Assets Acquisition Deal

May 19, 2022 4:39 am
Obinna Chima


The federal government declined its consent to the proposed acquisition of oil and gas assets belonging to Mobil Oil Producing Nigeria Unlimited (MPNU) by Seplat Energy.
The government among others, cited overriding national interest as one of the reasons for rejecting the deal.

The Chief Executive, Nigerian Upstream Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, stated these in two separate letters addressed to the Chairman/ Managing Director, Mobil Producing Nigeria Unlimited, Mr. Richard Laing as well as the immediate past Chairman of Seplat Energy, Dr. ABC Orjiako. Both letters obtained by THISDAY yesterday, were dated May 13, 2022.
Seplat Energy had in February this year, announced its acquisition of oil and gas assets belonging to MPNU. But the deal was subject to Ministerial Consent and other required regulatory approvals. However, few weeks after, it was reported that the Nigerian National Petroleum Company (NNPC) Limited had opted to exercise its Right of First Refusal (RFR) on the sale of the assets, which then put a hold on the transaction.


But Komolafe in the letter stressed that regardless of the mode of the transaction, Mobil Oil still remains to all intents and purposes, the assignor of the asset under the Nigerian law.

“We also note that MPNU failed to follow the procedure for assignments laid down in the Guidelines by not providing the requisite notices to the Commission at all relevant stages of the transaction. Even if the transaction has been between Seplat Energy Offshore Limited and the MPNU shareholders, responsibility to ensure compliance with Nigerian laws, rules and regulations always remain that of MPNU, the entity that was awarded the assets.

He also made reference to the multinational oil company’s letter dated March 30, 2022 with Ref: MPN-PGA-NUP-CCE-0322-0027 on the above subject matter.
Komolafe highlighted contents of the letter MPNU wrote then to the NUPRC on the proposed acquisition, and in particular, the section that stated that the transaction was between parties who were not privy to the Joint Operating Agreement (JOA) between the Nigerian National Petroleum Company (NNPC) and the MPNU dated June 28, 1990, and that does not trigger any relevant rights or obligations under the JOA for either NNPC or MPNU. Also, the MPNU had stated in the letter that the sale of shares by shareholders of MPNU would have no bearing on the consent or preferential right and option requirements of the JOA in favour of NNPC and that the NNPC does not have preferential rights in respect to the transaction.

In addition, the regulator made reference to another aspect of the letter Mobil wrote to it on the matter that, the MPNU shareholders would be proceeding with their efforts to satisfy the conditions required for the approval of the proposed transaction, and the procurement of the consent of the Minister of Petroleum Resources.
Furthermore, the Commission pointed out that: “You may also be aware that the Commission is in receipt of a letter of 10th March 2022, written by Seplat Energy to the Minister of State for Petroleum Resources, requesting the consent of the Minister of Petroleum Resources to the transaction. This letter was received by the Commission on March 30, 2022.

Please be advised that even if the transaction in question were between parties who are not privy to the JOA, MPNU remains the leaseholder of the assets subject to the transaction and the focal point of contact with the federal government of Nigeria on any matter or dealings with the assets.
“In this regard, you may wish to note that paragraph 3.1 of the Guidelines and Procedures for Obtaining Minister’s Consent to the Assignment of Interest in Oil and Gas Assets 2021 provides, in line with extant Nigerian law, that ‘an Assignment involves the transfer of an OPL, OML, MF or OGPL or an interest, power or right therein by any company or person with equity, participating, contractual or working interest in the said OPL, OML, MF or OGPL, through merger, acquisition, take-over, divestment or any such transaction that may alter the ownership, equity, rights or interest of the assigning company in question, not minding the nature of upstream arrangement that the assigning company may be involved in, including but not limited to Joint Venture (JV), Production Sharing Contract (PSC), Production Sharing Agreement (PSA),Service Contract (SC), Sole Risk (SR) or Marginal Fields operation.’

“Also note that overriding National interest will always be the compass of the law. Paragraph 3.1.1 of the guidelines also expressly restates that assignment shall include, but not be limited to: ‘assignment by way of exchange or transfer of shares: This shall entail the acquisition of part or all of the shares of a company which holds an OPL, OML, MF or OGPL in Nigeria.”
According to the regulatory commission, until an assignment was completed, including the granting of Ministerial consent to such assignment, the leaseholder remains the registered owner of the asset and the only one with the locus to interact with the government in respect of the asset.

Also, in the letter addressed to Orjiako, the regulatory commission also highlighted relevant sections in the Guidelines and Procedures for Obtaining Minister’s Consent to the Assignment of Interest in Oil and Gas Assets 2021.
“Thus, regardless of the mode of the transaction, MPNU, remains, to all intents and purposes, the assignor under Nigerian law and is the proper person to bring an application for Ministerial consent to the transaction, not Seplat. Consequently, you are hereby requested to revert to MPNU, the assignor, to receive updates on your application,” it stated.


https://www.thisdaylive.com/index.php/2022/05/19/fg-declines-consent-to-seplat-mobil-oil-producing-assets-acquisition-deal/

cc Seun Mynd44 Dominique Lalasticlala

Nigerialabalaba:
kikikikiki.

With over a trillion naira gbese, corporate governance disaster ex-MD Avuru wey codedly float anoda oil coy to bid against Seplat even while as full time MD/co-founder and Chairman/cofounder wey be serial debtor so tey bank dey seal Seplat offices na experience?

Seplat na oando 2.0 wey still dey disguise .

Nestle go dey laugh wen people compare dem with a gbese-laden coy like Seplat because dem share price dey close. If Nestle dey owe over a trillion gbese dem no go dey defend dia price at over N1400.

Na God just safe seplat shareholders. Dem for hear wheen. Wey those my turenchi people sef becos me I no sabi turenchi.
Igi pawpaw o ni wo pawa o

BREAKING: FG Declines Consent to Seplat, Mobil Oil Producing Assets Acquisition Deal

May 19, 2022 4:39 am
Obinna Chima


The federal government declined its consent to the proposed acquisition of oil and gas assets belonging to Mobil Oil Producing Nigeria Unlimited (MPNU) by Seplat Energy.
The government among others, cited overriding national interest as one of the reasons for rejecting the deal.

The Chief Executive, Nigerian Upstream Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, stated these in two separate letters addressed to the Chairman/ Managing Director, Mobil Producing Nigeria Unlimited, Mr. Richard Laing as well as the immediate past Chairman of Seplat Energy, Dr. ABC Orjiako. Both letters obtained by THISDAY yesterday, were dated May 13, 2022.
Seplat Energy had in February this year, announced its acquisition of oil and gas assets belonging to MPNU. But the deal was subject to Ministerial Consent and other required regulatory approvals. However, few weeks after, it was reported that the Nigerian National Petroleum Company (NNPC) Limited had opted to exercise its Right of First Refusal (RFR) on the sale of the assets, which then put a hold on the transaction.


But Komolafe in the letter stressed that regardless of the mode of the transaction, Mobil Oil still remains to all intents and purposes, the assignor of the asset under the Nigerian law.

“We also note that MPNU failed to follow the procedure for assignments laid down in the Guidelines by not providing the requisite notices to the Commission at all relevant stages of the transaction. Even if the transaction has been between Seplat Energy Offshore Limited and the MPNU shareholders, responsibility to ensure compliance with Nigerian laws, rules and regulations always remain that of MPNU, the entity that was awarded the assets.

He also made reference to the multinational oil company’s letter dated March 30, 2022 with Ref: MPN-PGA-NUP-CCE-0322-0027 on the above subject matter.
Komolafe highlighted contents of the letter MPNU wrote then to the NUPRC on the proposed acquisition, and in particular, the section that stated that the transaction was between parties who were not privy to the Joint Operating Agreement (JOA) between the Nigerian National Petroleum Company (NNPC) and the MPNU dated June 28, 1990, and that does not trigger any relevant rights or obligations under the JOA for either NNPC or MPNU. Also, the MPNU had stated in the letter that the sale of shares by shareholders of MPNU would have no bearing on the consent or preferential right and option requirements of the JOA in favour of NNPC and that the NNPC does not have preferential rights in respect to the transaction.

In addition, the regulator made reference to another aspect of the letter Mobil wrote to it on the matter that, the MPNU shareholders would be proceeding with their efforts to satisfy the conditions required for the approval of the proposed transaction, and the procurement of the consent of the Minister of Petroleum Resources.
Furthermore, the Commission pointed out that: “You may also be aware that the Commission is in receipt of a letter of 10th March 2022, written by Seplat Energy to the Minister of State for Petroleum Resources, requesting the consent of the Minister of Petroleum Resources to the transaction. This letter was received by the Commission on March 30, 2022.

Please be advised that even if the transaction in question were between parties who are not privy to the JOA, MPNU remains the leaseholder of the assets subject to the transaction and the focal point of contact with the federal government of Nigeria on any matter or dealings with the assets.
“In this regard, you may wish to note that paragraph 3.1 of the Guidelines and Procedures for Obtaining Minister’s Consent to the Assignment of Interest in Oil and Gas Assets 2021 provides, in line with extant Nigerian law, that ‘an Assignment involves the transfer of an OPL, OML, MF or OGPL or an interest, power or right therein by any company or person with equity, participating, contractual or working interest in the said OPL, OML, MF or OGPL, through merger, acquisition, take-over, divestment or any such transaction that may alter the ownership, equity, rights or interest of the assigning company in question, not minding the nature of upstream arrangement that the assigning company may be involved in, including but not limited to Joint Venture (JV), Production Sharing Contract (PSC), Production Sharing Agreement (PSA),Service Contract (SC), Sole Risk (SR) or Marginal Fields operation.’

“Also note that overriding National interest will always be the compass of the law. Paragraph 3.1.1 of the guidelines also expressly restates that assignment shall include, but not be limited to: ‘assignment by way of exchange or transfer of shares: This shall entail the acquisition of part or all of the shares of a company which holds an OPL, OML, MF or OGPL in Nigeria.”
According to the regulatory commission, until an assignment was completed, including the granting of Ministerial consent to such assignment, the leaseholder remains the registered owner of the asset and the only one with the locus to interact with the government in respect of the asset.

Also, in the letter addressed to Orjiako, the regulatory commission also highlighted relevant sections in the Guidelines and Procedures for Obtaining Minister’s Consent to the Assignment of Interest in Oil and Gas Assets 2021.
“Thus, regardless of the mode of the transaction, MPNU, remains, to all intents and purposes, the assignor under Nigerian law and is the proper person to bring an application for Ministerial consent to the transaction, not Seplat. Consequently, you are hereby requested to revert to MPNU, the assignor, to receive updates on your application,” it stated.


https://www.thisdaylive.com/index.php/2022/05/19/fg-declines-consent-to-seplat-mobil-oil-producing-assets-acquisition-deal/

seunsiju:
tho i'm financially bouyant, all thanks to crypto
Advise on what to do, i don't want any more child !!i hate using condoms

anoda social wreck by crypto ponzi. shiorr

Mayorofowerri:
Just imagine if she had allowed their negative comments get to her,she may have committed suicide.

Happy birthday to the beautiful Child

FTC hope this hits front-page make I collect my award

nonsense. Dem mock her to tell her and oda prospective oloshos dat premarital sex is not permited by d church. Na dat rebuke help her today. I am sure say she no go want her daughter to make her own mistake and I dey sure say dat her daughter no go do like her mother. Chuch did d right thing for her soul and spiritual growth after all dem don warn dem to stop leaving church to go Bleep around and come church come pretend say dem be angeli