₦airaland Forum

Colossal fraud

Jarus:
Pls let him ban me and deactivate my account.

I have been trying to deactivate. He makes it impossible!

Let him deactivate my account permanently.

He is forcing me to remain here. And as long as he keeps me here, I will respond to whatever he says about me.

At all o, we all die here 😁

Beremx:
The Op is likely to be Seun's alternate account.
Lol

The description of the moniker is a dead giveaway.

This thread will keep trending till it burns into the consciousness of every nairalander visiting this section.

CodeTemplarr:
Just looking to collect their own share I guess. If not, what has happened to previous probes?

Nothing. And nobody is pressuring them.

Nigerians never ready yet.

Pass me the popcorn 😎

Only if the same energy was applied on sanitising this forum from tribalism and ethnic bigotry.

Mbok, we’ll be watching from the sidelines as the battle unfolds.

Pass me the popcorn somebody 😎

So historically the president also doubles as the minister of petroleum or something along that line.

Burning questions.

1) Which companies were contracted to execute the turnaround maintenance of refineries between 1999 till date?

2) Who are the owners/directors of these companies and who are their associates in the federal government?

The answer to the above questions will tickle your fancy. I pity Nigerians who are still wasting their time taking sides and heaping their hopes on political prostitutes!

Unite and put these people under pressure to serve you. Wake up!

So what was the outcome of this investigation in 2023 that the senate has not shared with the public up until now?

I thought the report of the investigation should have been submitted within 4 weeks. But over 6 months later, nothing!

Nigerians should start asking questions.

Freedom of Information Act.

24th October 2023

The Senate has raised an ad hoc committee to investigate all the contracts awarded for the rehabilitation of all state-owned refineries said to have gulped N11.35tn in 13 years.

It also mandated the panel to interrogate the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission, Nigerian National Petroleum Corporation Limited and the Bureau of Public Enterprises on the best approach to commercialise state-owned refineries.

The Deputy Senate President, Jibrin Barau (APC, Kano) who presided over the plenary, named Senator Isah Jibrin Echocho as the chairman of the committee.

Other members are chairmen of the Committees on Petroleum Resources (Downstream, Upstream and Gas), Finance, Appropriation, and Public Accounts.

They are expected to submit their report within four weeks.

The resolutions followed a motion by Senator Sunday Karimi (APC, Kogi) during Tuesday’s plenary.

Nigeria’s four refineries in Kaduna, Warri and Port Harcourt had become moribund for years despite the series of repairs executed under various Turn Around Maintenance contracts that had gulped huge amounts.

Karimi, in his motion, expressed concern that the state-owned refineries have been serious drain pipes of public finance, depriving citizens of the joy of being an oil-producing nation.

He said between 2010 and now, Nigeria is estimated to have spent N11.35trillion, excluding other costs in other currencies which include $592, 976, 050.00, 4, 877, 068.47 Euros and 3, 455, 656.93 Pounds, on the renovation of refineries, yet they are unproductive.

He said despite the moribund state of the four refineries, their operating costs between 2010 and 2020 are estimated at N4.8 trillion.

The refineries are estimated to make the cumulative loss of N1.64 trillion, within four years, he added.

He expressed worry that if a thorough investigation of the past and current rehabilitation projects is not undertaken by the Senate, the circle of awarding unproductive turnaround maintenance contracts may not abate, thereby retaining the status quo where rehabilitation contracts have become conduit pipes for siphoning public funds.

Senators, in their various contributions, said the country could not continue to spend money on an unproductive venture and urged the relevant authorities to ensure that those responsible for the state of the refineries are sanctioned.

Adams Oshiomhole (APC, Edo), said the Senate must ensure proper oversight functions to make sure that Nigerians enjoy value for their tax.


They are expected to submit their report within four weeks.

The resolutions followed a motion by Senator Sunday Karimi (APC, Kogi) during Tuesday’s plenary.

Nigeria’s four refineries in Kaduna, Warri and Port Harcourt had become moribund for years despite the series of repairs executed under various Turn Around Maintenance contracts that had gulped huge amounts.


Karimi, in his motion, expressed concern that the state-owned refineries have been serious drain pipes of public finance, depriving citizens of the joy of being an oil-producing nation.

He said between 2010 and now, Nigeria is estimated to have spent N11.35trillion, excluding other costs in other currencies which include $592, 976, 050.00, 4, 877, 068.47 Euros and 3, 455, 656.93 Pounds, on the renovation of refineries, yet they are unproductive.

He said despite the moribund state of the four refineries, their operating costs between 2010 and 2020 are estimated at N4.8 trillion.


He expressed worry that if a thorough investigation of the past and current rehabilitation projects is not undertaken by the Senate, the circle of awarding unproductive turnaround maintenance contracts may not abate, thereby retaining the status quo where rehabilitation contracts have become conduit pipes for siphoning public funds.

Senators, in their various contributions, said the country could not continue to spend money on an unproductive venture and urged the relevant authorities to ensure that those responsible for the state of the refineries are sanctioned.

Adams Oshiomhole (APC, Edo), said the Senate must ensure proper oversight functions to make sure that Nigerians enjoy value for their tax.


He said, “The amount so far spent on the refineries can build brand new ones. Senators must take the issues with all seriousness it deserves.”

Aliyu Wadada (SDP, Nasarawa) said the high level of corruption while Adamu Aliero (PDP, Kebbi) alleged that economic saboteurs deliberately frustrated the government’s effort to make the refineries to work so they continue to benefit from fuel importation.

Idiat Adebule (APC, Lagos) wondered why the nation keeps putting money into the rehabilitation of refineries annually when they remain non-functional.

The Deputy Senate President said that had the refineries working, the country would not be experiencing the current economic hardship.

Barau said, “So, it is therefore very important that a thorough investigation should be done to make sure that everything that we need to know is brought open to us.

“Who are those who are sabotaging the efforts of government? Anybody who has a hand, sabotaging the efforts of the government to bring these refineries into operation and those who have taken money that is meant to turn around these refineries must be brought to book. We must know them and decisive actions must be taken.”

https://punchng.com/senate-probes-n11-35tn-spent-on-rehabilitation-of-refineries/?amp

😂😂😂

But there’s funds to continue spending on Turnaround Maintenance of refineries that have not produced a litre of fuel abi? 🤣🤣🤣

These thieves have devoured the equivalent of two new Dangote refineries between 1999 - 2024. Over $40 billion.

Let’s not even talk about money stolen via subsidy fraud or crude oil theft for the same time period.

Walahi… everything go still expose. A generation of satanic thieves. You will use this money to bribe God after you die na. Heck! They don’t even believe in God, they just pretend they do!

Dear Sycophants,

On August 29 2023, Tinubu’s government promised to create 50 million jobs and revive the economy.

This is almost one year. How far with your messiah’s plan?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

Plenty needless grammar on subsidy palava.

Fix the price of crude oil to be supplied to the local refineries in naira (not dollar equivalent of what it should be in naira at the prevailing market rate).

This will reflect eventually in the final price at the pumps and the fuel price will come down.

Also, this strengthens the naira ASAP

Jeez, it’s not rocket science!

ivolt:
What is it called when you sell a product to a company for #700 per liter when
there are other companies willing to pay #1000?

When the government fix the price of crude oil, it is effectively subsidising every refined
product of petrol.
You see why plenty grammar is needed.

In summary, I’m saying subsidise the cost of crude (raw materials), not fuel (finished products)

If the government does this, all the plenty grammar they’re blowing here is needless.

The government just wants to turn basic arithmetics into furthermaths so they can keep scamming Nigerians. But this is a different generation.

Dear Sycophants,

On August 29 2023, Tinubu’s government promised to create 50 million jobs and revive the economy.

This is almost one year. How far with your messiah’s plan?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

yarimo:
Instead of Mr reactor should condemn IPOB warning and killings here he is speaking on issue he knows nothing about.

Dear yarimo,

On August 29 2023, Tinubu’s government promised to create 50 million jobs and revive the economy.

This is almost one year. How far with your messiah’s plan?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

But can’t freeze the accounts of those sponsoring banditry in the North and unknown gunmen in the east.

Well done, this government is proactive in oppressing the common man.

Anyways, the next few weeks would be interesting

From Agbado to rice.

Progress…

Meanwhile
Dear Sycophants,

On August 29 2023, Tinubu’s government promised to create 50 million jobs and revive the economy.

This is almost one year. How far with your messiah’s plan?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

MIKOLOWISKA:
my role model

😂😂😂

Nigerian Airways.

A flying elephant project under Hadi Sirika as the logo suggests.

Billions quietly swallowed

Any surprises here? 🤷

Hmmm

Lagos and FCT?

🥱

grandstar:
It isn't possible. I know a lot about economics to tell you that this is delusional, extremely delusional. Even the best run countries can not achieve the nonsense he is saying here.

The best he can do is to redenominate the Naira.

The voice of reason has been vindicated.
The passage of time reinforces the truth.

🥱

chccho:
How do u expect him to provide jobs when the country is in serious distress?

So why is he fond of making promises he can’t deliver on?

On 27th of April 2023, Tinubu mentioned that in a year’s time, the naira will exchange for 300 to the USD. What is naira exchanging for right now hmmm?

chccho:
For those of u w*nking Tinubu, i ask would u have preferred Atiku as your president or what exactly is the miracle PO would have performed if he was president
Both PO and Atiku acknowledged that they would have also removed subsidy which Tinubu has done as well, as matter of fact the subsidy has not been 100% removed. The FG is stilk paying about 40-50% in subsidy to shield the hardship from Nigerians.
Anyways i didn't vote for Tinubu but I'm just so curious about what PO or Atiku would have done differently

I’m talking about the jobs Tinubu promised he will create, you’re talking about subsidy removal.

What is the correlation?

obonujoker:
You mean "First" bro?

My bad, first resurrection. Revelation 20 v 1-4

“Rapture” is the first resurrection. And that is after the great tribulation. Case closed.

“Rapture” is the first resurrection. Case closed.

Righteousness2:
Better to Die Fasting and Praying in Holiness than to Die inside Fornication , adultery, sodomy or any form of sin.

He died doing Something Worthwhile. As long as He has a 👉genuie👈 relationship with JESUS CHRIST, there is no problem. He is right now with the Lord.
There is really no big deal in Death. The Big Deal is to Die Without JESUS CHRIST.
You Die Without JESUS CHRIST, you Have Wasted your Life.

It’s genuine, not “genuie”

Thanks

Reno, the N’golo Kante of Tinubu’s government.

Can you please tell us how far with Tinubu’s plan to create 50 million jobs for Nigerians between 2023 to 2026? Where are the jobs created so far?

https://www.nairaland.com/7821154/tinubu-sets-3-year-economic-revival

Please “fact check” me if Tinubu promised this or not.