₦airaland Forum

989900:
Someone posted this yesterday:

"Due to weak regulatory regimes, the downstream sector became an all comers affair. Every Tom, Dick and Harry entered the business. Companies with no verifiable addresses, no tank farms, no vessels, no financial structures, no bank guarantees all became fuel importers. It was a bazaar.

It is only in Nigeria that such bizzare things can happen. Emergency millionaires were made in days. Time and space won't allow me to give you details of the unbelievable things that happened. Every top official of the federal government became an emergency fuel importer or middle man. Importation licenses were hawked openly. All you needed was for the PPPRA to give you a license to import. You could sell it for millions just outside the door.

Now there is a complex web that links the Petroleum Ministry, the DPR, thE Navy, the NPA, NIMASA,PPPRA, DMO, CBN and Commercial Banks in this fraud. Documents like the sovereign debt statements and the sovereign debt notes flew about and our money kept disappearing. From about 30 companies in the scheme, the number shot up to 300. Monthly, billions of Naira were paid out to people who have never had any contact with a Jerry can of fuel in their lives. No verification, no authentication, nothing. Money was being paid with reckless abandon. Dr Okonjo Iweala and Mrs Alison Madueke were all there watching!

It got so bad that some people will arrange with ship owners......take a two day hire of an empty ship, move it to Lagos Port, berth it there. Officials of the PPPRA, Petroleum Ministry, DPR will come there to inspect an empty vessel and certify that the empty vessel carried 10,000 metric tons of petrol, collect their money and walk away. The vessel simply sails away and three weeks later, close to 6 billion Naira will be paid as subsidy when not even a single drop of petrol was brought in."

arsetalks:
Guy, where you dery? Make I block you. Abegggggg.

arsetalks:
because the moderators are not a fooolish as you and those who believed this.

WombRaiders:
Fool.

REDDEVILS1:
Nonsense. This woman is a disgrace to Economists. She and her Lover GEJ hv destroyed, this nations Economy. By the way am Igbo.
























Support Prof. Pat Utomi as Minister of Finance Under President Buhari

BiafranMan:
Can you give me proofs on why she don't deserve the award.

BiafranMan:
The intelligent is being persecuted because she is a Biafran.

obi4eze:

And the result of the voting is as follows :

Twaci - 500 votes

Tohpahz - 521 votes

Others - check Facebook and Twitter

Tohpahz, by virtue of having the highest number of votes cast is hereby declared Miss Nairaland and returned elected.

cyprus000:
[size=13pt]
IS YOUR SURNAME "ORUBEBE"..(No offensse)[/size]

NigellusHosan:
My God!!
I've been waiting for this day..

I hope i won't be banned for Freedom of speech..
I pray anybody dares me..
My eleven dormant accounts will be awoken..



Only One Lady has my vote and the lucky lady is

Seun


Seun You've got my vote...



I vote Seun
Cc
NlJega

barcanista:
In saner climes youths are being innovative to solve societal problems. But our Naija youths are trekking for silly reasons.


I wish them well anyway....

barcanista:
The problem is that they don't know how to play politics to their favor. I believe there are young men of their extraction who are capable but...
Imagine Peter Obi, He had the potential to build a political fortress but he joined the train. Imagine someone who was a force to be reckoned with has now been reduced to SE TAN coordinator. He was appointed by IFEANYI UBAH, the National Coordinator.

Mogidi:
[size=15pt]Barcanista on 13th of August[/size]



Fast forward to September (with money changing hands) and you get the idea.

[size=15pt]Poverty na bastard[/size].

barcanista:
1. I wasn't 15years Old during Buhar's time( lolsssss)
2.I am not trying to teach people like you that already have preconceived impression about Buhari WHICH is 90% due to the tribe he is from not because you experienced ANYTHING.
3. When things happen, they are recorded for history and Posterity. A youngman shouldn't necessarily be Hitler's contemporary to know of Hitler's deeds, neither should one witness Abraham Lincoln to know that he contested and failed many elections and was successful at the end and his heroics.
4. We Read, hear people's experience and form opinion.
5. The indices on ground showed that Buhari did exploits at the helms of Affairs.

barcanista:
Funny enough you jump from Thread to Thread STALKING and TROLLING barcanista? Guy this NEW ROLE of Trolling Barcanista that TAN assigned to you is a pathetic one and DEAD ON ARRIVAL. Trust me I know your type and I will humiliate you as long as you continue in this path of trolling.

BTW: The Topic is not about BARCANISTA but GMB, what do you have to say? Oh my bad, sorry you have nothing to say as your role is TROLL Barcanista...
Happy trolling Bingo