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Politics / Re: Lagos Shuts Ladipo Market, Arrests Bakassi Boys.... by ODUANEGRO: 4:11am On Feb 27, 2013
manny4life: Imagine the bold if it's true, abeg Aguiyi Ironsi Trade Union, yall should relocate, remit your taxes to your various governments.

you said "if its true". do your brithers lie about their income? Mushin needto collect tax from each before relocate.
Politics / Re: Lagos Shuts Ladipo Market, Arrests Bakassi Boys.... by ODUANEGRO: 4:02am On Feb 27, 2013
LAGOS — TRADERS in the popular Ladipo auto parts market closed down, yesterday, by Lagos State Government on Monday have started counting their losses, saying they are losing at least N100 billion daily.

Traders who spoke to Vanguard yesterday, lamented that they were already feeling the pains of the closure as they could no longer meet their obligations to their families.Speaking, Secretary of the Aguiyi Ironsi Traders Union, Mr. Christain Igbaunam told Vanguard that his members would be losing over N100billions per day to the closure and lamented that efforts to meet with the Lagos State Task force on Environmental and Special Offenses (Enforcement) Units, to negotiate the opening of the market had proved abortive.*Ladipo Market traders protesting against the closure of the marketHe said: “We have over 15,00 registered members. Individual members make not less than N10 million daily. On the average, members will be losing over N100billions on a daily basis to the closure of the market.”He denied allegations that their security guards arrested were armed robbers, saying “those allegations made against our security guards are false. They were not armed with guns and were not against the state officials. They were only misunderstood.

These are security guards put in place by the association to arrest criminal activities in the market. I am pleading for their release.”A trader who spoke on condition of anonymity, said “whenever I offload my containers, I make not less than 15millions. Just imagine what I will be losing now that the market has been shut.”Another who gave his name as Jude Tobechukwu, pleaded for the re-opening of the market, saying “we are losing billions of Naira to the closure of this market. Today’s (yesterday) is the second day that we have been shut out. I have lost over N10 millions since the closure. That is a huge sum of money even those in government do not want to lose.”One Okolie Amadi, claimed his wife was in the hospital for a kidney transplant, lamenting that “I was hoping to use this week to look for money for the transplant.  My wife is lying helpless in the hospital awaiting a kidney transplant due to lack of money. I came to the market to see if I can raise some money for her operations only to see that armed mobile police men have barricaded the entrance to the market. I am pleading to the state government to have piety on us.”

wow, good information! what are the tax brackets in Lagos? have these guys been paying. taxes? grin.
Politics / Re: Biafra....connecting The Dots! by ODUANEGRO: 3:26am On Feb 27, 2013
confusion247:
You can wait till eternity because there is nothing new that can come out as far as that civil war is concerned. All efforts to cover the atrocities of that war have proved abortive and has become an effort to bring it to lime light. Events of today have vindicated prophet ojukwu for declaring biafra. I just wonder why yorubas are so much disturbed with the events of that war? You hardly see an hausa man or a northerner writing something about that war. I can remember, sometime last year, yoruba elders and leaders issued a communique after their meeting asking for fiscal federalism and confederation, the same thing contained in aburi accord which gowon refused to implement that made ojukwu to declare biafra. Too late. One Nigeria project can never work.

Yoruba was the sole champion and advocate for confederacy before this country got independence and long before aburi. Confederacy was a west idea, unitary was the idea in east. Ojukwu embraced Awo's idea, plus he was anti-Zik....so his adoption in Aburi for a confederate Nigeria was nothing new and unheard of.

Biafra remains a topic because in action and aspiration Igbos keep bringing it up. Of course Yoruba will discuss it because the key figure in the drama was Awolowo and until he rests from your inspection and probings, none of you will rest from Yoruba inspection and probings.

2 Likes

Politics / Re: Fasola Declares War On Igbos by ODUANEGRO: 3:11am On Feb 27, 2013
ejiyke2007: [b]ALL OVER LAGOS TAX THAT IS FASHOLA COLLECTING MONEY FROM POOR PEOPLE.NOW IS HAS TURN TO HUMILIATING IGBO TRADERS
the problem of yorubas is because they are not hard working ' and they want to eat more than those that worked. In fact the problem is idleness of yorubas . Have you ever see a country a citizen pay his following citizen tax? Is only in yoruba land, any area in lagos you pass with container of goods as IGBO person you have to pay area boys tax, go to lagos island each street you pass with goods you will pay area boys tax you drop your goods in front of your shop you have to pay area boys tax for that, now they have start bomb markets and locking up markets. Did you know how many IGBOS they lender useless in tejusho market yaba? do know how in lagos island on 26/12/2012? and no IGBO person can come out and insult a yoruba person but every day IGBOS name will be on yorubas mouth. We pay all kinds of illegal bills they bring still they are not happy with IGBOS let other yoruba look on to kwara state people and see how they try to survive in life. Ok this ladipor market trades pay tax to fasholas government what did he do with those tax money?

1.YOU PAY TAX TO FASHOLA
2 , YOU PAY TAX TO AREA BOYS
3.YOU PAY TAX TO FASHOLA BOYS
4.YOU PAY TAX TO OMO NI ELE
5.YOU PAY TAX TO BALLE
6.YOU PAY TAX TO ALAYE
7.YOU PAY TAX TO MANY MANY TAXES
HERE IS NOT BRITAIN
WE PAY ALL THE illegal bills they bring still they are not happy with IGBOS
[/b]

......have you heard about Biafran Income Tax? Bakassi boys will soon start visiting your shop to educate you about it.

Yorubas leased our land to you so you can do business, prosper and develop your village. We guarantee you are at peace and safe. Northerner cannot touch you once your feet is planted in Yorubaland. The land owners (omo onile) and the area boys make this happen. Imagine if area boys and alaye were not there.......hausa will chase you even to Lagos. So these people have to be paid for their services, or do you think police can protect you against mallam? Stop complaining and thank God for your situation.

2 Likes

Politics / Re: Eze Ndi Igbo Nairaland By-Election 2013: Nominations by ODUANEGRO: 2:56am On Feb 27, 2013
naaaaaa, why, when i have the speakers right here who can explain it.
Politics / Re: Eze Ndi Igbo Nairaland By-Election 2013: Nominations by ODUANEGRO: 2:52am On Feb 27, 2013
manny4life:

You don't know what ijele means? Brother, ask Google

ask who?
Politics / Re: Eze Ndi Igbo Nairaland By-Election 2013: Nominations by ODUANEGRO: 2:49am On Feb 27, 2013
ACM10:
Fajuyi had a reason to die. There was a seminar organised in Ibadan prior to the coup. Almost all the participants in that coup attended the seminar. The coupist therefore concluded that the coup was planned in that seminar. So they marked every attendees for elimination. Fajuyi was part of that seminar. I would have loved to talk more on this topic, but I travelled to Ibadan. Could not go with my laptop. I have to post with my phone. But the fact remains that Fajuyi did not die for Ironsi.

nairaland will still be here when you get back home to computer....please bring it up for debate.
Politics / Re: Eze Ndi Igbo Nairaland By-Election 2013: Nominations by ODUANEGRO: 2:46am On Feb 27, 2013
ACM10:
We had a debate on the issue of Fajuyi sacrificing himself for Ironsi to live. In that debate, I quoted a Northern author who interviewed an active participant in the murder of Gen. Ironsi(I can't remember the name of the officer now). Besides, I can't dig my post history since I'm posting with my phone.
My quote was culled from the book "GOWON" written by a political science professor of University of Jos. The author is also from Plateau state.

On the other hand, another officer who took part in the coup operation in Ibadan revealed that Fajuyi actually betrayed Ironsi.

I'd rather believe the account of the actual participant than that of a hack journalist.

the same authors whose accounts of biafra you dismissed as lies. look at you!
Politics / Re: Eze Ndi Igbo Nairaland By-Election 2013: Nominations by ODUANEGRO: 2:39am On Feb 27, 2013
Syncan:

Ijele anyi abawala maka na chi ejiela, n'ezie ubochi ta kara aka n'aru. Biafra Rep Campaign organisation ga-enyezikwu efe nwa obere oge, ma gi echekwala na anyi apuola,anyi ga-ano na akuku n'ele.


Our Ijele is retiring for the night, indeed it has been a hectic day. Biafra Rep campaign organisation will go latent for now too. Don't be decieved, we are watching with keen interest.

hey syncan, im curious, what does ijele mean in igbo language?
Politics / Re: Unacceptable! IGBO Traders In Lagos Paraded By State Agents. by ODUANEGRO: 12:30am On Feb 27, 2013
dayokanu: What are traders doing with guns?

Abi na guns dem dey sell?

they are robbers and kidnappers..... anyway, i hear theyve been charged to court.

"na we own lagos", see as them dobale in submission. cowards! why dem no do a shootout with the police?

1 Like

Phones / Re: What Is Your Favorite Mobile Phone by ODUANEGRO: 10:00am On Jan 06, 2013
ajayioluwatobi: My favorite Mobile phone is Samsung galaxy note 2

without doubt! I have long fingers and thought sIII with its fit in the palm of my hand was awesome, note II gave me a reality check on form factor.

i loved and hugged BB for years, and still do....i still carry a bold on my hip....but for guys with big hands nothing fits snugly like a noteII.

1 Like

Phones / Re: HELP !!!! Any Samsung S3 User In The House by ODUANEGRO: 9:40am On Jan 06, 2013
laceonline02: i cant connect my s3 to pc via usb..

what happens when u try? give detailed info to process a resolution for you.
Politics / Re: Let's Have Your Complaints, Suggestions & Enquiries Here by ODUANEGRO: 12:26am On Jan 06, 2013
^^
nig*ga, ive been here a while and before today i didnt know who da fvk u are. do u think i will give a dayam if you permanently dissapear from here?

what value does it add or take away from me if i remain here and you are gone permanently, just wondering?
Politics / Re: Heads Up!!! Watered Down Version Of The Draft 2012 Petroleum Bill (pib) by ODUANEGRO: 6:10pm On Jan 05, 2013
[quote author=]

I do know about him, and he's not as rich as Babangida
We don't need the government giving out oil contracts, there are private means of doing this. If the private sector is corrupt in the oil industry the oil industry will suffer, but if government is involved, and government is corrupted, we are doomed for generations, all aspects of life from the education, to power, to the price of garri

If nigeria wants a real government the government has to take it's hands and eyes away from the oil industry. Regulate so that people like Tony Buckingham don't take advantage of the citizens but an oil minister shouldn't be the one that picks and chooses how gets to drill what land. [/quote]

under 100yr colonial rule britain did not understand us, they did not care to do that because by understanding who we are they would have been persuaded, instinctively, to respond to our cultural impulses and therefore our combination will not be what it is today. rather, they forced us, in our multitude cultures, to understand who they are. that knowledge of them incites us to respond kindly to their impulses.

our leaders are living that colonial mentality. they do not care to understand the people and the variables, rather they train and force us to understand their needs and respond to it. the division between ethnics will never go away; the possessivenes of power will never go away; the corruption will never go away and the country itself will never be united but we will continue to hear sermons about how tomorrow will be better. the starting point for change is for the leaders to understand who they lead and to respond to their interests........i dont see that happening for as long we speak english language.
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 5:34pm On Jan 05, 2013
lol@chest beating and war talk.
Politics / Re: Let's Have Your Complaints, Suggestions & Enquiries Here by ODUANEGRO: 5:22pm On Jan 05, 2013
felifeli:

Guy your whining is so high note I can smell poosie from here smiley And I am sure those guys are having the time of their life watching you panic. Your new signature doesn't help either; if I were an a.s.s.hole mode I would ban you for life.And lastly when someone has you by the ba.l.ls calling them a nasty name will just make them squeeze harder. 2 cents.

its because of eediots like you with diseased gums oozing putrid matter that i get banned in the regular forum. i marked your signature for proper engagement on our next meeting. this is not the place for that.

1 Like

Politics / Re: Heads Up!!! Watered Down Version Of The Draft 2012 Petroleum Bill (pib) by ODUANEGRO: 10:15am On Jan 05, 2013
]f. Petroleum Technology Development Fund (PTDF): the PTDF will provide funding to train Nigerians to qualify as graduates, professionals, technicians, and craftsmen in the fields of engineering, geology, science, management and other fields related to the petroleum industry. The PTDF will be funded by the Government, substantially by means of reinvestment of monies received by the Government in its administration of the industry.

^this is the only meaningful part.
Unless this is a biased propagandist summary, this bill is a total and complete waste of time and represents a real lack of the ability to solve our problems.
It creates more ministries for looting, there are functions regulated by 2-3 ministries at one time, and concentrates power in the federal government even more. The bill is trash.

the ministry of petroleum has the right to 'award' contracts? why? did the ministry find the oil?!


Have people bid for exploration rights and buy land from the people that own it, what they find is theirs and the government can regulate to make sure they're not destroying the community or breaking any laws.

[b:

why does a ministry pick and choose who gets oil contracts? Is that not the core of our corruption?[/] these people aren't serious, if this is the real bill GEJ will never have my support again.

do you know who tony buckingham is? if you dont go and read up about him. he owns heritage oil. these are international crooks that finance mercenaries around the world. read about him we will discuss later.
Politics / Re: Heads Up!!! Watered Down Version Of The Draft 2012 Petroleum Bill (pib) by ODUANEGRO: 9:39am On Jan 05, 2013
the bolded is the particular clause the northern senators are disputing and want removed or modified for balance.
Politics / Heads Up!!! Watered Down Version Of The Draft 2012 Petroleum Bill (pib) by ODUANEGRO: 9:37am On Jan 05, 2013


Nigerian Draft Petroleum Industry Bill 2012

November 14, 2012

Introduction

Legislative reform of the petroleum industry has featured high on the agenda of the Nigerian Government’s agenda for many years now, with key industry players eagerly anticipating and welcoming the notion of a more structured, consistent and transparent framework for the industry. Several attempts have been made over the last decade to pass relevant legislation, however until now no draft bills have successfully negotiated their way through the legislative process of the Nigerian National Assembly.

A revised and much anticipated Petroleum Industry Bill (PIB), intended to establish a new legal, fiscal and regulatory framework for the petroleum industry in Nigeria was presented by the Nigerian Government to the National Assembly in July 2012. The bill is currently being debated by the National Assembly, with such debate expected to result in amendments to the current draft of the bill.Commentators expect much lobbying over the course of the coming months not only from within the National Assembly, but also from industry as a whole. The Government has stated that it welcomes such input, and so it is crucial that those with an interest in the Nigerian petroleum industry understand the PIB in its current draft, and prepare themselves for the upcoming changes in the industry.


Objectives of the Bill

The ultimate aim of the PIB is ambitious and put simply, is to reshape the entire petroleum industry in Nigeria. More specifically, the PIB seeks to achieve the following:

1. enhance exploration and exploitation of petroleum resources in Nigeria and promote petroleum production for the benefit of the Nigerian people;

2. create a conducive business environment for petroleum operations;

3. establish a progressive fiscal framework that encourages further investment in the petroleum industry whilst optimising accruable revenues to the Federal Government of Nigeria;

4. establish a commercially oriented and profit driven National Oil Company;

5. deregulate and liberalise the downstream petroleum sector;

6. create an efficient and effective regulatory entity;

7. promote transparency, simplicity and openness;

8. promote the development of Nigerian content in the petroleum industry;

9. protect health, safety and environment; and

10. optimise domestic gas supplies, in particular for power generation.


New Regulatory Framework under the PIB

The PIB seeks to reshape the regulation of the petroleum industry in Nigeria. In doing so it seeks to establish an institutional framework to oversee and govern the industry. Below we discuss these institutions, and the powers and responsibilities it is intended that they will be assigned.

a. The Minister of Petroleum Resources (Minister): the Minister will have overall responsibility for the regulation and co-ordination of the petroleum industry, with general supervision over all institutions and operations in the industry. The central functions of the Minister will be to formulate, determine and monitor policy, as well as advise the Government on all petroleum industry matters.

b. Petroleum Technical Bureau (PTB): the PTB shall advise the Minister (and provide necessary technical and professional support) on all areas of the industry, both upstream and downstream. In particular the PTB will assist the Minister in formulating policies that it is hoped will stimulate private sector investment.

c. Upstream Petroleum Inspectorate (UPI): the objective of the UPI is to ensure the efficient, safe and effective and sustainable infrastructural development of the upstream petroleum industry. In order to meet this objective, the UPI will be given certain functions including: (i) ensure and enforce policies, laws and regulations relating to all aspects of all petroleum operations; and (ii) ensure and enforce compliance with the terms of all leases, licences and permits issued, all of which it shall be responsible for issuing.

d. Downstream Petroleum Regulatory Agency (DPRA): the DPRA shall have overall supervisory powers and responsibilities in relation to the downstream sector.

e. Special Investigation Units (SIUs): both the UPI and the DPRA will have SIUs with the power to investigate any person or organisation and identify any regulatory non-compliance in relation to its respective sector.

f. Petroleum Technology Development Fund (PTDF): the PTDF will provide funding to train Nigerians to qualify as graduates, professionals, technicians, and craftsmen in the fields of engineering, geology, science, management and other fields related to the petroleum industry. The PTDF will be funded by the Government, substantially by means of reinvestment of monies received by the Government in its administration of the industry.

g. Petroleum Host Communities Fund (PHCF): all upstream petroleum companies shall be required to contribute, on a monthly basis, 10 per cent of their net profit (defined as net profit less the Nigerian Hydrocarbon Tax, which is discussed below, and corporate income tax) to the PHCF, which in turn will direct the funds to the development of the economic and social infrastructure of communities in petroleum producing areas.

h. National Petroleum Assets Management Corporation(NPAMC): the NPAMC will act as a holding company, acquiring and managing upstream petroleum interests on behalf of the Government.

i. Nigerian Petroleum Assets Management Company Limited (NPAMCL): the NPAMCL will be set up as a subsidiary of the NPAMC, to take over some of the Nigerian National Petroleum Corporation (NNPC)’s existing operations including: unincorporated joint ventures and related loans; financing arrangements; joint operating arrangements; litigation and staff. Additionally, the Government may at any time vest upstream assets in the NPAMCL.

j. National Oil Company (NOC): the NOC will be established as a public company within three months of the PIB being passed through the National Assembly into law. From the date of its incorporation, the NOC will have transferred to it, all assets and liabilities held by the NNPC on behalf of the Government, excluding the NNPC’s interests in existing unincorporated joint ventures. Within three years of incorporation, a divestment of shares in the NOC (currently said to be 30 per cent of the total shareholding) must be made to the Nigerian public.

k. National Gas Company Plc (NGC): the NGC will be established as a public company within three months of the PIB being passed through the National Assembly into law. At that time NNPC will transfer certain gas related assets to NGC, not including those assets transferred to the NOC, and not including any interests in unincorporated joint ventures.


Leases and Licensing under the PIB

Upstream Petroleum

The following leases/licences will be available:

1. Petroleum Exploration Licence (PEL): a PEL grants the right, for three years, to non-exclusive geological and geophysical exploration.

2. Petroleum Prospecting Licence (PPL): the holder of a petroleum prospecting licence shall have the right (i) to conduct exclusive petroleum exploration operations and (ii) to carry away and dispose of crude oil or natural gas won during prospecting operation. A PPL shall last for up to five years (onshore and shallow water areas) or up to eight years (deep water and frontier acreage);

3. Petroleum Mining Lease (PML): a PML shall grant the right exclusively to search for, win, work, carry away and dispose of petroleum within parcels of each commercial discovery of crude oil or natural gas, or both, to the PPL Licensee. PMLs shall be granted for a maximum term of 20 years (onshore and shallow waters) or 30 years (deep water and frontier acreage).



Fees

In relation to fees for licences and leases the PIB does not, at least as yet, provide clarity in terms of figures. The PIB states that “such fees as may be contained in this Act and in any regulations made by the Minister pursuant to this Act and on the recommendation of the Inspectorate” shall be payable. Provision is also made in the PIB for financial contribution by licensees/lessees for remediation of environmental damage. Every licencee/lessee shall pay a prescribed financial contribution to an environmental remediation fund established by the UPI, for the rehabilitation or management of negative environmental impacts with respect to the licence or lease. In determining the amount of the financial contribution, the Inspectorate shall take into consideration the size of the operations and a reasonable level of environmental risk that may be determined to exist.


Award Process and Assignment

Licences and leases will be awarded by the Minister as a result of open, transparent and competitive bidding processes conducted by the UPI. Eyebrows may be raised however given that provision is also made for the President of Nigeria to grant licences and leases on a discretionary basis (although the conditions for such award are not provided). There is likely to be much debate on this issue in parliament, as well as industry comment, and it remains to be seen whether this particular provision will survive passage through the consultation and parliamentary process. Assignment of upstream interests awarded will be possible, however the written consent of the Minister will be required.

The UPI will oversee the award of leases/licences, making recommendations to the Minister before they are granted. The PIB states that any company incorporated in Nigeria, and not specifically disqualified by the PIB, is a qualifying company for the purposes of bidding for leases/licences. Whilst the PIB is not explicit, this would imply that independent oil companies (IOCs) may hold these leases/licences directly (through locally incorporated subsidiaries). The roles of the various state entities listed and described above in the new upstream leases/licences structure (and in particular the NOC) is not clear at this juncture. This is an ambiguity that industry will need to see clarified before it can have real faith in the new regulatory framework.

There is also worrying uncertainty as to the impact of the PIB on existing upstream interests held in Nigeria. It has been a widely held view that the Government has been slow to renew existing licences in anticipation of increased revenues expected under the new fiscal regime of the PIB. However recent comment from figures of authority in Nigeria has lead to speculation that the PIB may even have retrospective effect on existing licences, with Austin Oniwon (Managing Director of NNPC) warning industry that current licences may have to be amended to conform with the PIB. Clarity in relation to potential retrospective effect is required as soon as possible. Not only will industry view such a position with apprehension from a commercial perspective, there will be many questions as to how retrospective effect will be implemented from a legal and practical perspective.


Downstream Petroleum

The PIB’s licensing regime for downstream operations, to be overseen by the DPRA, gives the DPRA the authority to grant downstream licences for activities including:

construction and operation of: process plants, including those for gas liquefaction; petroleum transportation pipelines for crude oil or gas or condensate or petroleum products;

a petroleum transportation network; and a petroleum distribution network;undertaking the supply of downstream products or natural gas;

owning and running a downstream products or natural gas processing or retail facility; and

utilisation of all chemicals used for downstream petroleum operations including chemicals used in the processing, distribution and storage of petroleum products in Nigeria.


The Minister will also be empowered to make regulations relating to the downstream sector in respect of matters which include prescribing additional activities to be undertaken on the basis of the licence or providing generally for matters relating to downstream licences granted or operations carried on under the PIB. In relation to tariffs and pricing the Nigerian government, through the PIB, is seeking to ensure that the pricing of downstream petroleum products is fair and not open to collusion or manipulation, and as such will regulate prices.


Health, Safety and Environment

From a general perspective the PIB, as one would expect, stipulates that operators must comply with applicable legislation and regulations relating to health, safety and the environment, irrespective of which governmental body has implemented them.

In addition, the PIB provides that operators holding a PEL, PPL or PML shall be liable to pay fair and adequate compensation in the event of “disturbance of surface or other any other rights to any person who owns or is in lawful occupation of the licensed or leased lands, in accordance with written guidelines to be issued by the Inspectorate”. We do not yet have clarity on the content of these guidelines.


Fiscal provisions

The PIB introduces a new taxation regime for the petroleum industry and, broadly speaking, is centered on two proposals. Firstly and most notably, the previous Petroleum Profits Tax will be replaced by the new Nigerian Hydrocarbon Tax (NHT) to be applied to profits from upstream petroleum operations. Secondly, the PIB extends the applicability of the existing Companies Income Tax (CITA) to profits emanating from upstream petroleum operations (where previously this tax applied only to downstream operations).

NHT will be payable on all profits of any company engaged in upstream petroleum operations at the following rates:

(a) 50 per cent for onshore and shallow water areas; and
(b) 20 per cent for frontier acreages and deep water areas.

In addition, the PIB will extend CITA to profits from upstream petroleum operations at a rate of 30 per cent. There are detailed provisions within the PIB concerning deductible allowances in the computation of both NHT and CITA, however it is appropriate to note here that NHT is not deductible for the purposes of calculating CITA and vice versa.

Finally, as mentioned above all upstream petroleum companies shall be required to contribute, on a monthly basis, 10 per cent of their net profit (defined as net profit less the Nigerian Hydrocarbon Tax and corporate income tax) to the PHCF.

The tax provisions as currently drafted by the Government have proved very unpopular indeed with industry and key stakeholders. There have been numerous public comments made by important international players in Nigeria voicing dissatisfaction with the approach to taxation taken in the PIB with some (including most recently Shell) stating that the provisions as currently drafted would lead them to consider the viability of future operations in Nigeria. The Government have stated that they will consider industry comment and feedback on the PIB. It will be very interesting to see whether the taxation provisions of the current draft will remain unaltered given significant industry pressure.


Conclusion

There is no doubt that the Nigerian petroleum industry, which has experienced a significant period of stagnation, is in need of regulatory overhaul. All stakeholders, both local and international, agree on that. As ever in such circumstances however, the interests of various stakeholders must be managed. The Government is determined to increase the revenue it receives, and will be mindful that a profitable and thriving petroleum industry is essential in helping it to achieve the country’s economic targets. At the same time operating in Nigeria must remain profitable and secure for IOCs, or they will ultimately look to invest elsewhere.

Elements of the draft PIB are to be admired, such as the desire to introduce a more transparent and competitive licence award process. However there remains too much uncertainty concerning, for example, whether the PIB will have retrospective effect, or the details around discretionary powers of the president. Perhaps most crucially, IOCs are extremely critical of the proposed rates of taxation under the PIB, to the extent that some are publically expressing doubt as to future operations in Nigeria. It would be a significant gamble on the Nigerian Government’s part to ignore these concerns.

summary obtained from snrdenton.com
Politics / Re: Deportation Of Monarch’s Wife: Human Rights Group Threatens Court Action by ODUANEGRO: 7:26am On Jan 05, 2013
this lawyer has plenty education but he is uneducated.

in a culture that allows polygamy, kings are not barred from marrying women of other ethnicities but such women are barred from wearing the queen title.

in a strictly monogamous society, a king is not allowed to wear the crown or sit on the throne if he marries a foreign woman.

a monarch's crown and throne are considered sacred.
Politics / Re: Let's Have Your Complaints, Suggestions & Enquiries Here by ODUANEGRO: 7:12am On Jan 05, 2013
Seun,

I'm escalating this request to you. Please go over my various contacts on this page in demand for a simple communication and intervene to get an answer for me. I was using Dudu_Negro and the handle's access was restricted. I just need to know why Dudu was restricted, simple!

1. was he restricted for a rule violation?
2. was the restriction discriminatory or discretionary?

Thanks,
your favorite Chief Negro.
Politics / Re: Let's Have Your Complaints, Suggestions & Enquiries Here by ODUANEGRO: 5:09am On Jan 05, 2013
Mods,

They say good things come to those who wait patiently. I'm getting ready to call off my patience. It has been over 6hrs waiting for response...a simple explanation letting me know why Dudu was banned.

Im sure the two of you would like to run for political office someday if you are given the opportunity. This is a virtual scale, a simulator of sort, for what you can expect in a town hall meeting interaction. Imagine a member of your constituency asked to get information from your office on why he is locked out of the town hall. Is this how you would respond, over 6hrs of silence?

You have to start here practicing public administration and enriching your capacity for good leadership against a time when you have a constituency to lead.

I need to know why Dudu was restricted from participation earlier today.
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 12:56am On Jan 05, 2013
alj harem:

abeg leave shymexx for now o ! This Ijebu thing is getting to him grin grin grin

im wondering why he would believe oniru is an ijebu crown
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 12:49am On Jan 05, 2013
ngodigha,

saw a bunch of your brothers trooped in here not long ago after news started spreading that akiolu grandmother was igbo. what a nice way to drag a monkey by its tail. im sure by the time i check my ogbuefi email i will have the news from some igbo excited and sharing the "rumor" that oba of lagos is igbo blood.
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 12:39am On Jan 05, 2013
shymexx,

ijebu original settlements are- ikorodu and a section of epe. there are two lekkis - ibeju lekki and lekki palma.

oniru is not a ijebu crown.

1 Like

Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 11:44pm On Jan 04, 2013
shymexx:

Alj,

Parts of Badagry, Ajah/Lekki, and Lagos Island are also Ijebuland... grin

We also own Victoria Island - the Onirus are Ijebu and the crown is an Ijebu crown...

You need to add that to the list - we conquered so many places, brother... grin

hold on, how is Oniru an ijebu crown?
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 11:39pm On Jan 04, 2013
alj harem:

I really hope he understands this point clearly. I really do.

oh trust me, abagworo is not dunb, he understands but he is a notorious land grabber. disposessing people of their land to give to another people who have no entitlement rights to it.
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 11:31pm On Jan 04, 2013
alj harem:

LOL well it just prove that you know nothing about the coastal people of the western Nigeria

1. The Eguns are Yorubas
2. The coastal part of Western Nigeria stating from Badagry to Warri are occupied by the following Egun (Badagry- Makoko, -Islands outsaid lagos), Awori (Badagry - Epe - Islands outside lagos), Ijebu ( Ikorodu - Epe), Ilaje ( Makoko - edge of delta state), Itsekiri ( Avocados to Warri)

Now with this setting, you can see it is very very very extremely difficult to PIN POINT WHICH IS IJAWLAND because each clan is end to end setting and inter-crossing each other in a beautiful display called Yoruba.

That is how I asked earlier how Toru-Ebe state would be formed. It is for this reason Ilajes fought Ijaws, Also Itsekiri

Why are they going to take what is not theirs and call it Ijawland. Even gelegele is Yorubiod word and NOT IJAW.

If you ask likes of Killayut to talk, he would say Apapa means groundnut, Kirikiri etc all of which have yoruba meaning

Ok What is Sabo in Yoruba, Nothing but should be annex that to Hausas because Sabo means new in Hausa.

Another one is Oyingbo which means an Igbo person in Igbo language does it mean it has no meaning in Yoruba so it is Igboland ?

NO

Lagos is peculiar and no group that is not of Yoruba origin can lay claim to it. Most Aworis are not even pure, they are either mixed with hausa, bini, etc and I am one of them and I am telling you the reality on ground.

I don't want you to waste your time with the western Nigeria land tussle, politics or power grab issue becasue you would be very surprise at the outcome.

It is a very complex situation in a very delicate balance that should not be tampered with. How many times have you even seen Itskiris who are in distant Delta shout about them not being yoruba or them being part of the Niger-delta republic. I tell you Nigeria can comprehend what is going on unless of course you are a COASTAL Yoruba person and can know Awolowo's plans. Yes Awolowo because he united us.

Why do you think Ijaws are even insulting you ? You think they don't know what they want ? Or you are to tell them what they should do because you are smarter ? NO

So my brother, just take a chill pill and rest this new year and be watching

good point! actually, apapa was originally "apa". it was an awori town and. oba akintoye's mother was from there. during his tussle with kosoko he left idungaran and fled to apa.

how can apa be an ijaw town but epe is not and mahin is not and isale eko is not?
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 11:22pm On Jan 04, 2013
BlackPikiN: ^^^ Who con be Nkiru? lol

nkiru was married to a lagos prince and the grandson is ifeanyi akiolu.
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 10:53pm On Jan 04, 2013
BlackPikiN:


Are you sure?

na which people dey name their girls nkiru? one of akiolu middle name na ifeanyi, given by grandma. dude spent time in east as a boy.
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 10:50pm On Jan 04, 2013
abagworoooo,

not every riverine people is an ijaw. there are riverine people all along the west african coast, that doesnt make them all ijaw. ijaws like fulani are nomafs....they travel to other regions for fishing i guess because their area is depleted of the right stock, who knows! ....but ijaw territory ends in niger delta.

as you head west on the coast its ijaw, itsekiri, ilaje, mahin, ijebu, awori, egun....then you cross border into benin.

ijaw has no foothold in ondo. in order for them to have foothold in ondo, then itsekiri and ilaje, the two immediate indigenes of the riverine must be nonexistent.
Politics / Re: Ijaw Deserves 1 Or 2 More States by ODUANEGRO: 10:41pm On Jan 04, 2013
alj harem: grin grin grin Ntns you know I am joking. Anyone can so long as he ..... you know the rest egbon

you know akiolu's grandmother was igbo. thats why you hardly hear him come out and speak on ethnic issues at all.

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