₦airaland Forum

it happened on a friday too. see wizkid coconut head. God save banky cos of his cap.

Unimaginable123:
Tinubu wount pay a dime

and these are the same people canvassing for fuel increment saying the current rate no longer feasible. its really sad.

The Nigerian National Petroleum Corporation (NNPC) subsidiary, NNPC Retail, along with 22 major and independent petroleum products marketing firms owed the
federal government at least N86.4 billion by July 21, 2016, PREMIUM TIMES can report today.
The debts are in respect of products allocated to the companies by the Pipelines and Products Marketing Company (PPMC) for distribution over the last 10 years, details seen by this newspaper show.
The documents were filed to the Economic and Financial Crimes Commission, EFCC. Members of the Major Oil Marketers Association of Nigeria (MOMAN) and the NNPC Retail (mega filling stations) account for
about 85 per cent of the debt, while the independent marketer's owe the balance.
The major marketers include NNPC Retail (N22.56 billion), Oando (N25.05 billion), Forte Oil (N10.09 billion), Nigerian Independent Petroleum Company (NIPCO) N5.5 billion, Total Oil (N1.42 billion), Conoil (N1.3 billion) and Mobil Oil
(N276.95 million).
The independent marketers include Master Energy (N5.5
billion), MRS Oil & Gas (N3.997 billion), Heyden Petroleum (N2.7 billion), Danium Petroleum (N2.35 billion), A&E Petroleum (N1.89 billion), Rahamaniyya Petroleum N1.65 billion), Càpital Oil (N1.3 billion), and Amicable Petroleum
(N495.35 million).
Others debtors are Aiteo Petroleum (N426.37 million), Honeywell Oil (N40.96 million), DM Kurfi (N36.11
million), Ascon Petroleum (N20.04 million), Azman Oil (N19.35 million), Felande Petroleum (N8.4 million), Sharon Oil (N3.8 million) and Zamson Petroleum (N3.06 million).
The most indebted companies are owned by some of Nigeria’s and Africa’s richest billionaires.
Oando PLC, which owes the largest chunk of N25.05 billion, is owned by Wale Tinubu. Femi Otedola, another billionaire, owns Forte Oil, which is responsible for N10.09 billion.
Conoil is owned by Mike Adenuga, who is also the telecoms company, Globacom.
The company is owing N1.3 billion.
The allocation of products to the firms was under the intervention bulk allocation arrangement and intervention truck distribution to marketers by the NNPC marketing and distribution subsidiary from its Suleja, and other products depots across the country.
The arrangements fetched revenues from partnership agreements for products supplied by the PPMC, which the oil marketing firms refused to pay to the government over the years.
Petition for action A law firm, B. I. Murtala & Co., had petitioned the EFCC, accusing top NNPC and PPMC
officials of “abuse of office, economic sabotage, illegal diversion of petroleum products, illicit enrichment and corruption as well as criminal conspiracy”.
The petitioner listed suspected officials it wanted investigated to include the Supervisor and Area Manager, Kaduna Depot of PPMC, Ajabi Hussaini and Rabo Shuaibu respectively, and Manager, Programming & Operations,
NNPC, Abuja, Ahmed Tukur Gwarzo.
Others include Executive Directors, Commercial as well as Shared Services, PPMC, Ezecha Justin and Mustapha Muhammad respectively, and Manager, Finance & Accounts, PPMC, Titonenye Kokade.
“There exists a conspiracy between PPMC/ NNPC and suspected oil marketers who deliberately withheld huge government revenues in respect of petroleum products
received on credit without due payment or remittance into the Federation Account,” the petitioner said.
The law firm alleged the process of allocation and distribution of petroleum products by PPMC/NNPC was fraught with fraud and criminal conspiracies with marketers, leading to massive diversion of government revenues
from the federation account.
Following EFCC’s investigations, NNPC Retail paid back over N15.95 billion between July 25 and August 1, 2016, with over N6.62 billion still outstanding. The EFCC also recovered over N5.57 billion from NIPCO, leaving a balance of
N1.93 billion.
Other recoveries include N1.2 billion from Master Energy, with N4.31 billion still unpaid; N2.2 billion from MRS Petroleum, which still has N1.75 billion to pay, while Rahamaniyya Oil & Gas repaid N400 million, to leave N1.25
billion unsettled.
The PPMC, through a memo, August 1, 2016, by the NNPC Company Secretary/Legal Adviser, Omoluabi Victor, informed the EFCC of the payments.
IPMAN President, Chinedu Okoronkwo, did not respond to phone calls on Sunday. He also did not respond to a text message.
However, a senior official of the MOMAN, who asked not to be named because of the sensitive nature of the issue, said the relationship between NNPC/PPMC and marketers allowed marketers to owe for a long time without
reconciliation and payment.
“Products are supplied and an average of two weeks grace given for payment. Depending on the time of reconciliation, there could be credit and debit here and there. There is no month marketers would not owe NNPC for products
supplied.
“There is always overlapping period before reconciliation. But, no marketer would owe for a long period of 10 years without NNPC taking action to recover monies from them,” he said.
The acting General Manager, NNPC Retail, Ibrahim Jumah, who spoke in the same vein, told PREMIUM TIMES although PPMC was one of the major sources for products by NNPC
Retail, there was a regular arrangement for reconciliation for payment.
“NNPC Retail has a credit period of two weeks with PPMC. But, from June, we wrote to PPMC and insisted we want to proceed on cash and carry basis. So, we have been paying for products, and sometimes cannot even lift all,”
Mr. Jumah, who is also the GM, Finance & Accounts, NNPC Retail,” he said. “The PPMC is owing us N1.9 billion for coastal products we paid for about two years ago and
have not been able to lift. So, they cannot classify us as indebted to them.”
The spokesperson for Forte Oil, Sam Ogbogoro, asked for time till Monday to respond to PREMIUM TIMES enquiry, as he would need to consult with officials of the company familiar with the facts of the case before responding.
He did not revert at the time of this report.

Source : http://www.premiumtimesng.com/news/headlines/210292-fuel-sales-nnpc-tinubu-adenuga-otedola-others-owe-nigerian-govt-n86-4-billion.html

TrapQueen77:



30mins is good enaf...pre-intimacy is very important.

matured mind.you nailed it.

abbeyfel:
very controversial character. we can't say of a truth if he is dead or alive..

he is Bro.
evn his mum of blessed memory before she passed on confirmed it in an interview.
she was in tears revealing her sons decisions to go underground and away from the preys and eyes of those who wished him dead.
watch the video bro.its revealing. his mom, surge knight, eddi amin of outlawz and his musical video he shot sometime 2012 were 2pac was seen in the background and so on.

dude faked his own death.
using frontliners to stylishly stage a come back.
accounts of people to have seen him floks the media and various feeds and facts that he truly is alive and well .
have you seen his recent pictures he took with a selfie stick?
here is the link (part 2) for your viewing.

https://www.youtube.com/watch?v=G3Lx8FJ8WcE.

https://www.youtube.com/watch?v=sO6690J3QIA.

lalasticala, this is front page material.
eyah OP, i can relate to your plight. dont get worked up and feel disappointed with your condition for God knows best.
He will surely put smiles on your face soonest.
there was also a similar incident that happened to my friend in the recently concluded EFCC recruitment exercise at this same stage too(last stage) .during her medicals, she was also dropped because of her sight just as you explained.
this serves as a lesson and an insight for some of us who have in one way or the other given up on government recruitment exercise and always think these exercises is usually shrouded in connections and man know man syndrome.
God bless us all.

to really authenticate and verify her status,she should try someone else for a month.yours may not click due to anxiety and pressure .its weird but it works.

nice of him. seems he has natural love for 9ja.

they all do so not new

idowuogbo nko? shes always been the mama alaye in this forum.

seems its a general problem .am also affected here . their CC and BB CC not even responding.

am celebrating 96 hours and still counting.
though, it was taken briefly this morning for about 35 minutes. thereafter, it was brought back till as i type.......

.

the ones wey you dey do,u dey come get permission from here ni? mtecheeew

Pokémon and go

glo is the worstest (that is even if theres a word for that).
they lack manners,bossy, customer care relationship and make you feel at their mercy.
worst is they will never have an immediate solution to your complain yet,they will now conclude their discussion telling you 'sorry we will transfer your complain to our engineers '.

EFCC seeks former GMD’s whereabouts 50 oil giant’s workers in N15b mess Where is the former Nigerian National Petroleum Corporation (NNPC) Group Managing Director (GMD) linked to an alleged $1.6 billion money laundering and oil deals involving former Petroleum Resources Minister Mrs Diezani Alison-Madueke? The Economic and Financial Crimes Commission (EFCC) is looking for him for interrogation over the matter, The Nation learnt yesterday. He is believed to have sneaked out of the country since he could not be located in all his Nigerian addresses. Also, 50 workers of the corporation are undergoing internal probe for an alleged N15billion retail outlets fraud. NNPC management has sought legal advice on whether to hand them over to the EFCC. It was learnt that the EFCC has sought NNPC’s help in locating the former GMD for interaction on some aspects of the ongoing probe of Mrs Alison-Madueke. But, in its response to EFCC’s letter, NNPC said it could not locate its former helmsman. It was learnt that the former GMD might have gone abroad to rest. A top source, who spoke in confidence, said: “The former GMD is needed to assist the EFCC in respect of some transactions relating to the tenure of the ex-Minister of Petroleum Resources. “The NNPC has not been able to locate its former boss who might have gone abroad. His address overseas was yet to be located. “We are hopeful that the ex-GMD will be honourable enough to make himself available for interaction with our team of investigators. “Alternatively, we will look for him wherever he is.” Apart from alleged money laundering of about $1.6billion with some businessmen, the ex-Minister is under probe also for a $115million poll bribery scam and for allegedly owning a property in Abuja worth $18 million. The National Crime Agency (NCA) in the United Kingdom on October 2, 2015 quizzed Mrs. Alison-Madueke in London for alleged bribery and corruption. Apart from restricting her movement to London (a Westminster Magistrate’s Court) on Marylebone Road approved the seizure of $41,000 (£27,000) cash from her. Although she might face trial in the UK, no date has been fixed for her arraignment. Among the 50 Retail Services Unit officials facing internal investigation are in the unit who have been recalled by NNPC. The others are two hitherto sacked workers and 46 others. It was learnt that preliminary findings have established that all the 50 workers have a case to answer on the diverted N15billion. But the management of NNPC is yet to decide on whether to hand them over to the EFCC or subject the fraud to internal disciplinary measures. It was gathered that a Group General Manager (GGM) has recommended that all those involved should be taken to EFCC for a thorough investigation. As at press time, the NNPC management was seeking legal advice on how to resolve the case. A reliable source said: “The N15billion fraud was committed in NNPC retail outlets nationwide and about 50 staff have been implicated so far. “Going by the NNPC Act, we have to exhaust internal mechanism of investigating the N15billion fraud before inviting EFCC or any anti-graft agency. “Since we have our checks and audit control unit, we must have gone far in our auditing process in order to be able to hand over our findings to EFCC. All those involved are presently going through internal investigative procedures. We have even recalled two former Managing Directors of the Retail Services Unit who have retired. “We are also seeking legal advice on how to manage the detection of the N15billion fraud.”
Source: http://thenationonlineng.net/ex-nnpc-boss-sneaks-1-6b-diezanis-deals/

i pity ur condition if indeed ur really in need but wait ooo...
and ur surfing the net? with which money? u no get any family member ni?nobody be ur paddy for ur area?

rubbish. some people wont read but will start concluding and posting rubbish.
@topic, its a shame if this is oliseh side of the story.
if truely this allegations made my oliseh was indeed true, Nigeria may never achieve anything under Amaju.
No wonder the other NFF faction GIWA is seriously fighting tooth and nail to see PINNICK fall.
that PINNICK is really unreliable .have never trusted him right from when he became the NFF president.
its really a pity.

eyeview:
We need a Benson Idahosa again in this nation.

seriously you just nailed.
may he continually RIP.
the most fearless and outspoken MOG Nigeria will ever boast of.

the only solution to this super eagles coach is for NFF to being back clemens westahof

OP is a bloody liar. notn of such in the news...

SeverusSnape:
^^^ But some people erroneously think they are after money.

before nko what do u expect them to say

President Muhammadu Buhari
ordered the arrest of a key
member of the panel investigating
the mismanagement of public
funds meant for the war against
Boko Haram after receiving
damning reports that he was
involved in alleged money
laundering and illegal possession
of firearms, reliable security and
presidency sources have told
PREMIUM TIMES.
Despite being his close ally and
loyalist, Mr. Buhari okayed the
arrest of Mohammed Umar, after
perusing reports alleging that the
retired Air Force officer ran a
blackmailing and extortion cartel,
officials said.
Mr. Umar was arrested last week
as operatives of the State Security
Service (SSS) raided his Abuja
home.
Those familiar with the matter
said before moving against the
retired officer, the Director
General of the SSS, Lawal Daura,
met with Mr. Buhari where he
tabled reports suggesting that the
panel member had been busy
using the name of the president
and other top officials of the
administration to intimidate,
extort and blackmail individuals
and businesses.
“The president became worried
and jittery when he was
confronted with the way a man he
trusted had been behaving,” a
presidency source said. “So he
ordered that he should be picked
up while the allegations against
him are thoroughly investigated.”
Security sources told this
newspaper that documents seized
from Mr. Umar’s residence during
a raid on June 19 included
classified documents from the president’s
office, details of government transactions from
the Central Bank of Nigeria, and details of bank
transactions belonging to the Office of the
National Security Adviser.
A document containing details of
disbursements made to the Nigerian armed
forces and security agencies was also recovered
during the raid.
Mr. Umar retired as an air commodore in the
Nigerian Air Force in January 2014. While in
service, he headed the Air Force’s Holding
Company as well as the Air Force Properties
Limited.
He retired into enormous wealth, officials
involved in the investigations said.
Currently, he has six companies, including a
private jet company with a fleet size of 10
aircraft, officials said.
Security sources also said he is also one of
Abuja’s biggest property owners.
“Many top government functionaries live in his
houses in Abuja,” a security source said. “He
also has properties in Dubai and London.”
Ally or double agent?
Mr. Umar became a close ally of President
Buhari shortly after the 2015 elections.
Armed with a cache of information on Nigeria’s
security contracts during the immediate past
administration of Goodluck Jonathan, he soon
became a key figure in the president’s
investigative committee on arms procurement.
“He suggested most members of the panel,”
another presidential source told PREMIUM
TIMES.
However, investigators said Mr. Umar’s swift
rise to relevance in President Buhari’s
administration was beginning to raise concerns
regarding whether the new administration
failed to conduct a thorough background check
on him, or simply ignored the man’s past.
Officials said Mr. Umar was one of the first
military officers to be arrested by the Economic
and Financial Crimes Commission just years
after the anti-graft agency was established.
He was detained for salary and procurement
fraud in the Air Force, but the matter was later
handed over to the military for trial, those
familiar with the matter said.
Our sources said Mr. Umar was compelled to
make refunds, and the matter was brushed
aside allowing the man to return to the force.
Multiple officials told PREMIUM TIMES that Mr.
Umar’s stupendous wealth has always
confounded several of his colleagues.
“As far back as 20 years ago, when his annual
salary couldn’t afford a car, Mr. Umar had a
private jet,” one source said.
Married to the daughter of a former Nigerian
petroleum minister, Rilwan Lukman, Mr. Umar
ran local and international businesses while he
served in the Nigerian Air Force, one source
said.
Cash Only
According to court documents seen by
PREMIUM TIMES, Mr. Umar carried out his
recent deals in cash only.
Despite owning a private jet company and
multiple real estates across the world, the total
amount traced to his bank accounts was only
N165 million.
The total value of currencies evacuated from
his residence during the raid was at least N300
million.
Security officials believe he received the cash
payments – in breach of the money laundering
law.
Investigators are also trying to determine
whether the cash were proceeds of illicit deals
and influence peddling.
Those close to him told PREMIUM TIMES that
part of the cash taken from Mr. Umar’s home
were payments for services rendered by his
private jet company, Easy Jet Integrated
Services Limited – from two cargo flights from
Nairobi to Houston and Nairobi to Hong Kong.
Investigators said they are working to verify
the claims.
Other properties seized from the retired
officer’s home during the raid include 13
luxury cars – One Range Rover, two Rolls
Royce, two Bentleys, one BMW 7-series, one
Mercedes 5550, one Lexus Sports, one Audi R8
and one Porsche Panamera GTs.
As of Monday, Mr. Umar was still held at the
State Security Service detention centre in Abuja
as security officials continued with
investigations into the matter.
The presidency refused to comment for this
story saying it was within the scope of the
National Security Adviser (NSA).
The NSA could not be reached for comments. So
also is the SSS, which is investigating the
matter. The agency has had no media liaison
since its former spokesperson, Marilyn Ogar,
was removed.

source : http://www.premiumtimesng.com/news/headlines/206036-why-buhari-ordered-arrest-of-close-ally-and-arms-panel-member-umar.html

so many of them like that here in lagos mostly bakery outlets..

Oyiboman69:
op,you no wan go heaven abi?

ol bob d tin tire me.i see am i say make i share.u see say d paper dey squeezed sef..

what do you make of this when the ministry is growing at the expense of the naive?
God help us in this country...

and your not talking about the bad roads too

sory for your loss but PH nt far from akwa ibom and cross river nau?

obirin... yarinya... she smell money somewere don lost...

i hope its not night journey. travelling night journey very bad idea.