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NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH - Politics (5) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNNPC Replies Atiku Abubakar, Explains Acquisition Of OVH (23974 Views)

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Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by sucess001(m): 7:12am On Aug 23, 2024
iwaeda:
https://www.facebook.com/share/p/imE5h5ohhLgX8Znc/?mibextid=oFDknk
NNPC releasing statement like a political party - insulting the former vice president and proving what we all know and which atiku has said.

You think we are mumu. This madness Sha won't last forever
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by Tochi3(m):
grin grin

...they actually said nothing..the grammer was just empty..no substance..no logic.. grin grin

..the question remains how come did OVH acquire the retail outlets of NNPC..after NNPC unofficially paid for the acquisition..?

..Agberoconomics.. Atiku's question has nöt been answered instead the thieves in NNPC just joined words together to make sentences not making any sense..

grin grin
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by TheGoodJoe(m): 7:24am On Aug 23, 2024
seunmsg:
Bernard or whatever is your evidence? As in, I should respond to some rubbish posted by a IPOB influencer on Twitter? You kidding, right?
LOL.

Keep throwing IPOB left right and center. It only shows how tribalistic you are.

Back to the topic.

You do not need to respond because the truth is clear.

Finito.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by shoboy9: 7:24am On Aug 23, 2024
Shalaye unlimited
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by TheGoodJoe(m): 7:26am On Aug 23, 2024
sucess001:
NNPC releasing statement like a political party - insulting the former vice president and proving what we all know and which atiku has said.

You think we are mumu. This madness Sha won't last forever
Let them continue. It is sweet now. Let us see the repercussions in the future.

Le Chartelier principle states that,

When a disturbance is imposed on a balanced system, the system will react to cancel the disturbance.

Let's see what happens with time.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by paxonel(m): 7:27am On Aug 23, 2024
weyreypey:
NNPCL bought OVH from Nueoil Energy Limited a month after Nueoil Energy acquired OVH in September 2022.

Two months ago, NNPC Retail, OVH, and Nueoil jointly filed a petition at the Federal High Court in Lagos, seeking eight orders, including the dissolution of NNPC Retail and Nueoil without being wound up and the transfer of their assets to OVH Energy Marketing Limited. Justice C.J. Aneke granted all eight orders, making the merger effective from 1 January 2024.
Meanwhile NUEOIL was incorporated when March 2022? And dissolved when?
So, was NNPC retail dissolved in 1 January 2024 by the court to uphold OVH as the main name for merger?
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by Tealcrestmedia(m): 7:34am On Aug 23, 2024
Throwback:
This one is unhappy with the clarification.

Imagine the kind of people who want a new Nigeria?

Their unhappiness is that they are out of power, and continue to lose elections despite being political prostitutes and ticket hunters without any core ideology or defined manifesto.

Even claiming that a political loser like Obi will be sworn in by 2027 and cancel contracts.

Is he referring to the same Peter Obi who domiciled Anambra funds in his own Bank to get profit for his shares in that bank?

The same Peter Obi who invested public funds of Anambra in the same Brewery he had his own investment?

Why wasn't Peter Obi brutal to his own evident and factual corruption when he was Governor of Anambra state?

We urgently need to stop joking in this country.
So of all the possible iterations of mergers and companies, nnpc could have done business with, it had to be the one affiliated/trailed to a Tinubu? Sometimes we Nigerians deserves the chains.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by weyreypey: 7:38am On Aug 23, 2024
paxonel:
So, was NNPC retail dissolved in 1 January 2024 by the court to uphold OVH as the main name for merger?
It's not a merger. It's an acquisition. NNPCL claims it bought OANDO downstream sector
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by paxonel(m): 7:54am On Aug 23, 2024
weyreypey:
It's not a merger. It's an acquisition. NNPCL claims it bought OANDO downstream sector
As much as I'm not Tinubu supporter, I will tell you this politely

My guy, say you are stupid

Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by DaddyJapan(m): 7:56am On Aug 23, 2024
All that I have read here and elsewhere leads me to conclude that this takeover does not pass the smell test.

But I dey go come.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by Tareq1105: 8:01am On Aug 23, 2024
Penguin2:
Tell NNPC to save their facts for the f00ls who drink Tinubu urine; they are the only ones that will take them seriously.

Tinubu is on a journey to make of Nigeria what he made of Lagos, and ours is to stay here and say, “we warned you.”

I hope when Peter Obi is sworn in 2027 he would be brutal enough to cancel all these rubbish contracts.

Ndi ala!
No explanation can ever get into your skull bcoz you're destined for mischief.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by Tareq1105: 8:04am On Aug 23, 2024
Dpharisee:
The explanation by NNPC is meant for Ronus, I didn't read most of it because I am already biased against NNPC
Exactly the problem of Nigerians. Read, search for the truth before you conclude.

It's good you said that you're already biased against NNPC and I honestly commend you.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by Bimpe29(m): 8:27am On Aug 23, 2024
Corporate credibility of NNPCL is in doubt owing to her several public distrust 🤨
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by weyreypey: 8:49am On Aug 23, 2024
paxonel:
As much as I'm not Tinubu supporter, I will tell you this politely

My guy, say you are stupid
Maybe the one who spermed you is.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by NEIGHBOUR(m): 8:50am On Aug 23, 2024
I hope when Peter Obi is sworn in 2027 he would be brutal enough to cancel all these rubbish contracts.

Ndi ala![/quote]🤣🤣🤣 In your wildest dreams! Unless as a Vice to a credible candidate.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by justli: 9:09am On Aug 23, 2024
tolujohnso:
Were you unborn during gej govt when dasukigate, stellagate and alinsonmadugate happened? Those were substantiated cases. You didn't condemn: Allegations by kleptocrat atikuu (according to obj book) is what you want to die for. Your parents investment in your education is a waste of you are a graduate.
Funny thing is rant and propaganda does not fix the e economy. The queues across filling stations in Lagos is becoming unbearable. Find petrol even at the jacked up price is not guaranteed.
As terrible as you want us to believe goodluck is, in his six years in govt, petrol scarcity was never an issue even at the low price we got them . let that sink in. But of course, you wouldn't have the cognition to make such critical comparison
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by CSTRR: 9:18am On Aug 23, 2024
Peter obi needs to stoop to conquer.
It is in national interests right now.

Run with atiku in 2027, and kick these mad people out of govt.

It is not even the fact that apc is corrupt, they are also arrogant and daring Nigerians to do their worst.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by CSTRR: 9:20am On Aug 23, 2024
A govt company that remits zero naira to the govt, and then later became privatized all under the same party.

A lot of people need to go to jail.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by CSTRR: 9:25am On Aug 23, 2024
One clown up there is asking how a man that was impeached twice as governor for not inflating budget fought corruption.

In the history of Nigerian politics, no other governor has sacrificed his political position to ensure that budget are not inflated.
When it's far easier to just look away and collect your share.

It's only on nairaland that tinbuu supporters accuse obi of corruption, in a bid to throw portor portor and see which one will stick.

Tinubu and the apc hordes in his circles would not dare accuse obi of corruption, not now and not in 2027.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by victorDanladi: 9:58am On Aug 23, 2024
dealslip:
The misinformation is actually deliberate. The idea is to get enough semi illiterate to believe the misinformation and for sentimental political supporters to start wailing uncontrollably, distributing the misinformation with the most biased narratives. Most people have no idea of corporate governance nor mergers and acquisition. I wonder why they want Oando to close shop because Wale Tinubu happens to be BATs nephew yet this same people claim BAT is not a Tinubu. Every business deal Oando made before BATs election is deliberately portrayed as of it just occurred after May 2023. May God help all the peddlers of misinformation and political biased narratives.
Exactly....Semi-illiterates.
They are plenty on millions of whatsapp groups.

Those people are their targets.
Especially biafran semi-illiterates.Have you seen them discussing current issues before?,you will listen to alot of rubbish,half truths and lies
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by victorDanladi: 10:01am On Aug 23, 2024
dealslip:
The misinformation is actually deliberate. The idea is to get enough semi illiterate to believe the misinformation and for sentimental political supporters to start wailing uncontrollably, distributing the misinformation with the most biased narratives. Most people have no idea of corporate governance nor mergers and acquisition. I wonder why they want Oando to close shop because Wale Tinubu happens to be BATs nephew yet this same people claim BAT is not a Tinubu. Every business deal Oando made before BATs election is deliberately portrayed as of it just occurred after May 2023. May God help all the peddlers of misinformation and political biased narratives.
Another point ooo.
So,Tinubu suddenly now have a family member 😆
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by Druss(m): 10:13am On Aug 23, 2024
tolujohnso:
Sincerely we ain't ready for a true change in this country. What I see is hatred & antagonism to other tribes in power; rather than objective and constructive criticism that can lead to national development. Imagine critics who have never seen anything good d president has done since ascension. shall we continue like this and hope for a better Nigeria? It's well
Name actual sustained good that the President has done.
Re: NNPC Replies Atiku Abubakar, Explains Acquisition Of OVH by Themandator: 10:17am On Aug 23, 2024
seunmsg:
Atiku and the other poorly educated IPOB candidate and their supporters have been crying over an ordinary merger of two NNPC subsidiaries. Those clowns out of either sheer mischief or outright ignorance always make very simple decisions look so complex and dubious.

What exactly is wrong with NNPC merging two petroleum retail companies? What’s the rocket science in this that Atiku cannot understand?
What do you know about the acquisition? How much was paid to acquire OVH with less than 120 stations of their own.


What informed the acquisition of OVH , a loss making enterprise over so many others with over 500 stations of their own?

After acquiring a loss making enterprise, according to their own financial statement, you went ahead to appoint their manager as new managers of NNPC commercial ....what is the criteria that qualified them over NNPC own managers that have been posting profits ....who changes a wining team for losing making one .



In summary ,OVH acquisition was more of a bailout for the owners not for any serious business reasons
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