and they love to travel to oyinbo land where freedom of expression has made their society liveable and conducive. Awon olori conton wool radarada. So so so talk, no balls
Nvestor02: This is a coordinated movement to stop anybody that wants to cause mayhem in the FCT.
If you want to commit suicide without you being burry by your family, then go to Abuja with the intention of committing mayhem.
If these terrorist people that call themselves protestors destroy Abuja, FG will use oil money to rebuild it
All my prayer now is that FG should remember my architectural company when rebuilding Abuja.
Once again, I stand on my belief that Tinubu has really tried in his administrations as he has taken many bold steps that make me believe that he has the intention of ruling Nigeria in a good way.
senior advocate, we hear you. Propagandist, make unah try a bit more😁😁😁
okoroemeka: why the need to protest?do we not brought this disaster to yourselves when an 80+ year old tottering man that is past his prime is elected by the majority to lead,,a man that is very obvious from the beginning of the campaign is not fit mentally and physically to lead,but his ascension was propped up by tribalism and corrupt practices,,the mess we are now in Nigeria was caused by this elected ruler with the unguarded and unadvised comment that subsidy is gone,he has not yet stepped inside office we have started suffering already,that single statement is the domino effect cause of high cost of everything in Nigeria now
but he wasnt elected, dont put this on the heads of nigeria who fought even with their lives at the 2023 elections to break off from this hell called nigeria only to realise later that the nation has been bought by one man whose record is an open book to the world. Shame on them all
stephenponti: When I saw the Malta 🇲🇹 NNPC comment by Dangote, I suspected there was more to it. Our group decided to investigate further.
Our discovery was deeply shocking.
Thread !
#EndBadGovernanceInNigeria
Firstly I will breakdown the whole Oil theft process and how Oil exporting and importing business works here in Nigeria . NNPC grants importation licenses to a select group of oil companies, which are responsible for importing petroleum products into the country. These companies set the prices for petroleum products, and the media often refer to them as "oil marketers."
We’ve another set responsible for exporting/selling unrefined petroleum products both locally nd internationally. NNPC nd few partner companies plays a major role in this sector, along with high-ranking govt officials, military leaders, & politicians who r involved in oil theft.
To better understand this thread i will briefly explain how oil exportation and importation works in Nigeria. Please note every point I will list you will need them as reference as we progress, very important
1. Extraction: Oil is extracted from the ground using drilling rigs.
2. Processing: The crude oil is exported(internationally) to refineries where it is processed into refined products
3. Transportation: The processed oil are transported from the refinery to storage tanks, blending facilities, and ports, typically via pipelines or ships. 4. Export: At the port, the oil is loaded onto tankers or other vessels and shipped to Nigeria and other countries 5. Sale: The oil is sold to buyers in Nigeria at a price set by the importer (oil marketer). The government subsidizes a significant portion of the oil price to make it more affordable for citizens, a practice known as fuel subsidy. Now let’s link the list together
Recently, Oando PLC announced the approval to acquire 100% of Nigerian Agip Oil Company. This effectively means that the Tinubu family now owns Agip Oil, which is part of Eni S.p.A., an Italian multinational oil and gas company.
Agip Oil operates 17 onshore oil blocks and produces 11 million barrels of oil and condensates annually, and it also manages the Bonny natural gas liquefaction plant. One might wonder why such a successful company would divest 100% of such a critical asset.
Observing similar situations, like the case with Dangote, suggests that this sale was not made lightly. Now, these crucial oil fields and plants in Nigeria are under the control of Tinubu through Oando PLC which is Tinubu’s family owned not even NNPC.
Stay with me please
Continuing, with their control over substantial oil reserves in the Niger Delta and the ability to explore further through Agip Oil, their next step is refining. Instead of building a refinery in Nigeria, they opted to construct one in Malta 🇲🇹.
This move allows them to exploit the country's resources and obscure their activities.
In early 2021, Enemed Co Ltd, the leading fuel supplier in Malta, issued a tender for the leasing of storage tanks and a blending facility at the Ras Hanzir Oil Terminal in Malta.
Ras Hanzir Oil Terminal Limited won the bidding. It is owned and operated by the Tinubu family, with Wale Tinubu, who is also the chairman of Oando PLC, serving as its chairman along with other members of the Tinubu family and their associates.
The company has already established a functioning refinery in Malta, they have now acquired the storage tanks and blending facility oil terminals, which were recently exposed to the public.
Stay with me please
After Tinubu was sworn in as president, his first major move was to announce the removal of fuel subsidy, while the government continued to pay in secret, allowing him to increase petroleum product prices. This move was designed to benefit his own monopoly.
With the recent forced acquisition of Agip Oil by Oando PLC, Tinubu as an individual has become the largest oil exporter, explorer, and marketer in the whole country, second only to NNPC. Here’s the pattern: Tinubu, through NNPC, will sell Nigeria’s oil to himself at a low price via his company in Malta. He will also explore, extract and export oil using his newly acquired Agip Oil Company, which operates across the Niger Delta states of Ondo, Edo, Delta, Bayelsa, I’mRivers, Imo, Abia, Akwa Ibom, and Cross River.
Tinubu will then buy back the refined oil from his company in Malta through NNPC and as an oil marketer via one of his companies OVH Energy(Oando) at a higher price and export them back to Nigeria The refined oil is sold to the Nigerian public at a high price, while the subsidy, although officially removed, is still being paid secretly. Essentially, Tinubu is paying himself subsidy.‼️
This scheme an extraordinary level of financial exploitation
Even after he leaves office, and Nigeria remains without refinery which he will make sure of, his Oil Monopoly over the country will remain standing. As if that is not enough, the govt will still pay him for subsidy!
He sold Over 2 Billion Dollars worth of petroleum products to Nigeria through the Malta refinery just in 2023 alone, that’s an example of what the future of Nigeria Oil importation will look like
That’s why he will fight the Dangote refinery with everything he has; if it becomes operational, his multi-trillion-naira oil monopoly enterprise will collapse.
The price of petroleum products like fuel will keeping increasing, while he still pays himself subsidy.
Considering his age, one might wonder what he needs all this money for, other than sheer greed. It's truly disheartening.
they sense or know he's coming😁😁😁, otherwise they are gone once he's in, that's how it works here in naija sha where individuals have become more powerful than all institutions put together
dance of shame, see how they are guiding him so he wont yakata break like the god of iragbiji did the other day on june 12th😀😀😀 shame on africa leaders
AqualinaXYZ: Go warm eba chop that’s only if you even have food
Face Tinubu leave Obi alone he’s not your president
Or you follow your principal go sniff cocaine
leave am' their eye don dey see shegeh, whenever I eavesdrop on their discussions for street, nah so I go just dey laugh😁😁😁 inside me. Now they do not have who to cry to, so u see them in small small group leaking their wounds, the thing dey sweet me die🤣🤣🤣🤣
helinues: The nuclear reactor don see something to react to
Na for his supporters to be dancing Serengeti dance on this thread.
Opposition with no focus. Na una dey shout hardships, government decided to implement different measures to ease the situation, yet una still wan dey wail
The question the opposition should be asking is where is the government getting money from to fund those budgets
Things that wasn't done before can be done and even be the best method self for good governance.
shame! don't worry, shey unah eye don dey clear small small, even pepper now unah no even see talk more of garri, ebi ni o ma ko wèrè logbon 🤣🤣🤣🤣🤣, yi o kpa shegeh si yin làrà
Wainey: Price of food isn't just going to drop and this is not about Tinubu. Naira started dropping like a month ago.
Sellers aggressively stocked up their warehouses when Naira climb to N1700-1800 thinking it will climb further, so wait for sometime, some of these people already have 3months worth of items stocked up and they will always sell at the price they bought
excuses, excuses, excuses, till another eight years, dey play...
princemillla: To build a house takes time but to destroy it is just some seconds.
It's a gradual process.
who built, who destroyed and who brought the person that destroyed it. Naija on cruise, open yah eyes, nothing good coming as long as the person there is the person there
thesicilian: First we all know that a single picture never tells the full story.
The person who snapped the pic for social media could as well have bought food for the maid. Nobody minds their business nowadays. You'll just snap pics of private family time and put online
u need to watch the video to understand. The guy offered to do that even the girl was beaten for answering that she was hungry
thesicilian: First we all know that a single picture never tells the full story.
The person who snapped the pic for social media could as well have bought food for the maid. Nobody minds their business nowadays. You'll just snap pics of private family time and put online
there was a video of this I watched yesterday and the woman even started beating the girl because she answered in the affirmative asked if she was hungry . It was a dirty scene to watch, I tried.
innocent kids will now grow without the care of their mum, sometimes may be subjected to the ills of wicked family member or even stepmom, I want to believe she endured the abuse all in the name of what people will say, or if I leave now who will take care of my kids mtchewwwww
GistMedia0: In the heart of Nigeria's economic struggles, a startling discovery has left one woman grappling with a perplexing question: What should she do after finding a dead rat in her bag of rice?
Rice, a staple food in Nigeria, has seen a drastic increase in price in recent months, further burdening families . The incident has sparked outrage among Nigerians who are already reeling from the economic downturn, with many expressing concerns about the safety and availability of food products.
Nyamiriflathed: What's the proof of this statement. They are not the one killing their sons because of a pot of soup or selling kids for less than 50k naira.
Politics › Re: Thugs Warn Lagosians To Desist From Joining Planned Protest Or Face Consequences by one4GOD(f): 7:41am On Jul 31, 2024
