Bola Ahmed Tinubu has granted Nigeria’s first private crude oil export licence to Jack Rich, a presidential candidate of the All Progressives Congress (APC) in the previous presidential election and a prominent party chieftain.

The licence, which the Federal Government issued through the Nigerian Maritime Administration and Safety Agency (NMRDPA), permits Jack Rich’s company, Belema Sweet Terminal, to run a crude oil export terminal in Rivers State with a capacity to export over 400,000 barrels per day.

It is worth noting that Jack Rich previously contested the presidential primaries alongside Bola Ahmed Tinubu, Yemi Osinbajo, and other candidates last year.
This decision to reward Jack Rich with the first private crude oil export licence raises concerns about potential favouritism and nepotism within the political landscape. The timing and circumstances surrounding the granting of the licence, particularly considering Jack Rich’s affiliation with the APC and his participation in the party’s internal processes, suggest that this may be a move by Tinubu to continue to give the political elites and allies undue advantage to Nigeria’s wealth unfettered rather than a merit-based decision. Such actions erode trust and transparency in the political system and raise questions about the fairness and integrity of the process.

It would appear jack rich 100m form and his stepping into politics was just a mere bargaining chip for oil game

I really shake my head, a rivers man who has the oil scheming for peanuts

Did you apply for oil licence and the govt refused to give you?

With Bola Ahmed Tinubu
Nigeria will be great again

Is Jack Rish not a Nigerian... He applied and fulfilled all conditions to be granted licence ...

That's your take, apply when you get denied come back and back up this piece.

The oppositions turned entertainers started this entertainment early oo.

No need of wasting money going to Cinema when the comedians oppositions are there to entertain us for the next 4 years with bunkum like this

He deserves it, we the Oceanians in rivers state are happy for one of us

helinues:
The oppositions turned entertainers started this entertainment early oo.

No need of wasting money going to Cinema when the comedians oppositions are there to entertain us for the next 4 years with bunkum like this

You didn't make any sense.

NzogbuNzogbu:
It would appear jack rich 100m form and his stepping into politics was just a mere bargaining chip for oil game

I really shake my head, a rivers man who has the oil scheming for peanuts

Agidi chest beater. He is a South South guy, the oil belongs to him, he just took what is rightfully his. So, what is the reason for your crying and weeping?

Malory:
You didn't make any sense.

Make your own contribution first, let's see if we can locate sense inside as well

They are crawling out from their shells after election loss

Since it seems like everyone is getting appointments and recognition from him, when will Ovie Omo-Agege get something?

Just saying..

NzogbuNzogbu:
It would appear jack rich 100m form and his stepping into politics was just a mere bargaining chip for oil game

I really shake my head, a rivers man who has the oil scheming for peanuts

Scheming for peanuts? You guys can talk foolishly.

Okay na

Ipob an Obidaftis wing of the Pandora criminal dishing out nonsense for their tribesmen as always. Which time Tinubu get to start signing license that the likes of Vanguard Punch Daily Times Premium Channels AriseTV n others do not have access to the news that only Ipob got access to such frivolous news.

kaydee007:

So not only Dangote was given the license to

Chop I chop government

NzogbuNzogbu:
It would appear jack rich 100m form and his stepping into politics was just a mere bargaining chip for oil game

I really shake my head, a rivers man who has the oil scheming for peanuts

Incoherent Wailer are you not Nigerian, why did you not also enter the game of politics?

Or are you too young to play the game? Shameless Thing.

Is jack that's stepped down for oshinbajo what favour did he do for tinubu,he got it contract through merit

He is from Niger Delta and eminently qualified,who are the owners of oil wells in the niger delta region,infact resource control is true federalism rather few individuals pocketing the wealth of millions of people.More and we need more

kaydee007:
Bola Ahmed Tinubu has granted Nigeria’s first private crude oil export licence to Jack Rich, a presidential candidate of the All Progressives Congress (APC) in the previous presidential election and a prominent party chieftain.

The process did not start this year. The petroleum industry has been thrown open to willing investors. Please move on to something productive.

The Federal Government has approved the establishment of Crude Oil Export Terminal in the Kula community of Rivers State by an indigenous oil company, Belemaoil Producing Limited.

The approval was contained in a letter signed by the Director of the Department of Petroleum Resources, (DPR), Mordecai Ladan.

According to the statement, the approval will enable Belemaoil established a Floating Storage and Offloading Vessel which will operate as a Crude Oil Terminal to be known as Belemaoil Terminal Kula.

In the meantime, the Board and Management of Belemaoil Producing Limited have expressed appreciation to President Muhammadu Buhari for approving the establishment of Crude Oil Export Terminal for Belemaoil in Kula, Rivers State, adding that the decision would create a window of opportunities to Rivers youths for gainful employments and the development of the Niger Delta region in general.

https://independent.ng/fg-approves-establishment-of-crude-oil-export-terminal-in-rivers-community/


https://www.youtube.com/watch?v=LP2dTOmNF68

Does he have the capacity?

If yes, no wahala

The era is padi padi government is back again

Tinubu, I hope you don't end up like Buhari

Your papa was poor from bad...and handed poverty to your generation....doesnt mean other should side poor....

Jack Rich has what it takes to run an oil company....he made the licence and he was granted...thank god Jack Rich is not be Yoruba man....dem for talk say, Tinubu dey grant an oil license for the Yoruba people...

Aside from Jack Rich, other industrialists have been granted a license

Always reading negative meaning to all things...


Eni kuure

He was granted by Buhari not Tinubu. Why all these propaganda. The major export terminals in Nigeria are owned and operated by shell, chevron and mobil. Nothing wrong in a Nigerian owned one.

Another Full meaning of #BAT

B: BOLA ~PRESIDENT

A: AKPABIO ~SENATE PRESIDENT

T: TAJUDEEN ~ SPEAKER OF THE HOUSE.

#RenewedHope is Here, Spread the Gospel

Tien Jack Rich... The man's personal story is an inspiration to me.
You can go on YouTube to search for the story as narrated by himself.

slim75d:
He deserves it, we the Oceanians in rivers state are happy for one of us

Like WTF is Oceanians??

So Jack Rich or na Smith is a Yoruba man from Iragbiji, abi