₦airaland Forum

LagosPrince:
Tinubu wants to spoil dangote business and this is a big slap to all hard working northerners

Dangote is not a Saint. Tinubu contributed to the building of that refinery, which was why it was built in Lagos. Dangote's crime is more than what we know. His full deal with Emefiele is not made known. Dangote's refinery contributed to the mess of our naira. He doesn't care about Nigeria.

OkCornel:
ChatGPT well done.

When they're not usually ChatGPT, they write with rubbish pidgin English. Zombie people.

DeLaRue:
So, Mr Tinubu used remote control or juju to cause the technical problems?

cos its propaganda or did dangote come out to say he's having technical issues?

Reselling the crude oil out of frustration.

O ma shey o

.

ceejayluv:
It can operate... No problem without a solution. Even among the political elites, he has supporters.

our colonial masters wont let us own one. Make we dey look

Islie:
https://saharareporters.com/2024/07/26/nigerias-dangote-refinery-begins-reselling-imported-crude-oil-amid-domestic-crisis#google_vignette

...with this, I can boldly say that Nigeria has happened to Dangote

ScarletBrace:
It has to be technical issues.
But Nigerian Universities churn out hundreds of engineering graduates every year. You ask yourself, to what end?
Where is their usefulness in times like this?
Or did their white colonizers take away technical abilities for development away with them too

You are obviously a product of the department of Secretarial Studies, Kogi State Polytechnic.

Its the type of you that thinks that every engineers should be fixing their cars cause "thats what they were taught."




Silly Okene boy

Bintasukai:
Which yeye ChatGPT. Then you really don’t know it writes of you think this is it’s writing.

You just confirmed that the previous was ChatGPT

For a stock; check the unit of price demanded / the average stock size/ utility margin

OkCornel:
ChatGPT well done.

Either a bot. Or the infamous sarrki

LagosPrince:
Tinubu wants to spoil dangote business and this is a big slap to all hard working northerners

Obi's people want us northerners to believe this, but we know Obi, ll do worse than this. Jagaban continue

DeLaRue:
Technical problems. Another wahala.

Anyway, it is not uncommon for big gigantic projects like this refinery to experience technical problems here and there during the first 2 years of their existence. It is to be expected.

It will be fixed.

But the irony of our petrol refining saviour now turning into a crude oil reseller will not be lost on observers.

.... Dangote is just giving excuses...he has abandoned nigeria and nigerians...be exporting his fuel and petroleum products for sale to.oher foreign countries

That is why I said this petroleum refinery sector needs competition...if there were other refineries in Nigeria refining and producing fuel disel and other petroleum products..all this shakara Dangote refinery and Dangote is doing to nigerians will stop..that is why monopoly is bad

ALTERNATEID:
Why is the Crude Distillation unit not working?

..that is why this petroleum refinery sector needs competition...if we had other refineries refining and producing fuel disel and other petroleum products in Nigeria all this shakara and excuses Dangote is giving to Nigeria will stop ..that is why monopoly is bad

On your mandate, on your mandate ...

12345baba:
our colonial masters wont let us own one. Make we dey look

Same colonial masters "allowed" Indians have theirs..... Na our hand e dey

Stories and excuses..I do not blame you if the petroleum refinery sector had competition where there is other refineries refining and producing fuel disel and other petroleum products . a this shakara and excuses Dangote is giving would had stop.. that is why monopoly is bad

Notice

It’s not Tinubu but your petrol importing cabal brothers and God pass them.

LagosPrince:
Tinubu wants to spoil dangote business and this is a big slap to all hard working northerners

LagosPrince:
Tinubu wants to spoil dangote business and this is a big slap to all hard working northerners

not only northerners it is gigantic slap to all hard-working business men and women in Nigeria,if dangote can be treated like this imagine what the small scale businesses are passing through,,they said business is war but in Nigeria it is a battle of life and death

Make him no key those NNPC demons near him refinery oo before them take turn around maintenance hand touch am... I come in peace

We expected as our politic8ans always promise us that dangote will be the saviour of foreign exchange considering the amount spent buying refined products in foreign exchange and also make refined products much cheaper.
House for all by the year 2000, free health for all by the year 2010, free education for all by the year 2023 and our bastadized economy will be eldorado by the year 2030 and the circle continues. Its a shame our mumu never do?

Anonymous NG
@AnonXNG


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 !

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.

Fake news

The Nigerian refineries and sabotage

Dango selling fuel will spoil and expose many things. 1.No more subsidy .Those who have benefited and still benefiting from the subsidy. The actual amount of fuel Nigeria is consuming.

All these hullabaloo will soon Passover. The liberation of Nigeria from the deadly fangs of cabal, I know, will never be a walk in the park.
May those sabotaging the goodness of this Nation kick the bucket.

Dangote this , Dangote that....

Dangote better sell or dismantle the refinery. And build or coupled it back in Angola or any other serious African countries.

Nigeria is not a serious country.

Nwaikpe:
You are obviously a product of the department of Secretarial Studies, Kogi State Polytechnic.

Its the type of you that thinks that every engineers should be fixing their cars cause "thats what they were taught."




Silly Okene boy

Mumuni.

You didn’t ask what circle/discipline I work in. You only assumed this nonsense because you have a closed mind.
Now Turn around and ask around for any outstanding project that any Nigerian company or Institution has put in place, peculiar to certain longstanding problems on her terrain, that renders unique solution to this regard. From civil engineering, chemical, mechanical, electrical… Go take a look at the record of most SIWES projects so far if you need a practical definition of mediocrity.
Show me a research institution in Nigeria with professors making exceptional breakthroughs/discoveries in science. Where do we stand in R & D?

DeLaRue:
So, Mr Tinubu used remote control or juju to cause the technical problems?

When I said , Nairaland is the home of the low IQs, you thought I was joking?

ScarletBrace:
Mumuni.

You didn’t ask what circle/discipline I work in. You only assumed this nonsense because you have a closed mind.
Now Turn around and ask around for any outstanding project that any Nigerian company or Institution has put in place, peculiar to certain longstanding problems on her terrain, that renders unique solution to this regard. From civil engineering, chemical, mechanical, electrical… Go take a look at the record of most SIWES projects so far if you need a practical definition of mediocrity.
Show me a research institution in Nigeria with professors making exceptional breakthroughs/discoveries in science. Where do we stand in R & D?

Again, I say authoritatively, you are a graduate of Okene Polytechnic


You think that "research" is carried out at the "SIWES" level. You don't know that even at the final year level, it is not called "research" but "project." You don't know that even western countries don't refer a whole Masters Investigation as "research" but "project."


And worst of all, you don't know that the end product of RESAERCH from a university is not a ROBOT or BOMB as you have learned from movies, but the end product of research is a communication called "publication."

The industry carries these BASIC RESEARCH that have been published in the open space, and convert them to usable technologies.

And I guess you don't know that Nigeria remains one of the most valuable output of Engineering and Scientific research publications in Africa. That is why Nigerians easily have access to further their education anywhere in the world.

You don't know that the problem is not that Nigerian professors or researchers are not smart enough, but that there are no industries to translate their work to kinetic economic value.


Okene polytechnic graduate, I guess you don't know all these things.