₦airaland Forum

Appletek:
Park your fanyogo bicycle one side and let me educate you since your parents failed to do so.

The principal actors are Austin Avuru, Access Bank, NNPC, the regulator NUPRC, Buhari and Tinubu.

Why are you quiet about Wigwe and Avuru?
Of course, it doesn't fit into the narrative of "they hate us" being peddled by you children of Igbo paupers in the East.

Both Tinubu and Buhari gave Seplat approvals but they are the ones you're dragging. Not only did you inherit poverty from both parents, you inherited ingratitude and foolishness.

chloride6:
You are an illiterate 😂😂😂

The contingent debt on those Assets is over $10bn..

The FG refused to sign the deal unless Exxon undertook to decommission the assets. If Seplat refuses to discharge its obligations in decommissioning the assets, the FG will hold Exxon for those assets.

Seplat is majorly owned by Mariel and Prom, a French E&P company. Plus NNPC got 10% for their right of first refusal.

Shadomaan7:
Good news.

The oil price has been on the increase globally, Nigeria would benefit from that.

All these years, the foreign companies have been selling their assets in Nigeria, they have been getting peanuts as they have been focusing on the offshore oil.

chloride6:
You are an illiterate 😂😂😂

The contingent debt on those Assets is over $10bn..

The FG refused to sign the deal unless Exxon undertook to decommission the assets. If Seplat refuses to discharge its obligations in decommissioning the assets, the FG will hold Exxon for those assets.

Everything to make oil soup people happy google the owner of pinnacle oil and see who google will show and I hope you will use that name t claim that pinnacle oil wasn't owned by peter mbah anything about Igbo makes you oil soup People shiver

Seplat is majorly owned by Mariel and Prom, a French E&P company. Plus NNPC got 10% for their right of first refusal.

chloride6:
You are an illiterate 😂😂😂

The contingent debt on those Assets is over $10bn..

The FG refused to sign the deal unless Exxon undertook to decommission the assets. If Seplat refuses to discharge its obligations in decommissioning the assets, the FG will hold Exxon for those assets.

Seplat is majorly owned by Mariel and Prom, a French E&P company. Plus NNPC got 10% for their right of first refusal.

Shadomaan7:
Good news.

The oil price has been on the increase globally, Nigeria would benefit from that.

All these years, the foreign companies have been selling their assets in Nigeria, they have been getting peanuts as they have been focusing on the offshore oil.

coernes:
HOW IS THIS SUPPOSED TO BE A GOODNEWS? WE SHOULD BE CRYING FOR OURSELVES AS A NATION THAT MULTINATIONAL OIL AND GAS COMPANIES ARE LEAVING US. WE HAVE MADE NIGERIA TO BE A BAD ENVIRONMENT FOR BUSINESS. IMAGINE AN INDEGIOUS COMPANY MANAGING EXXONMOBIL?
SHELL AND TOTAL ARE ALSO ON CUE TO GO. WHERE IS THE FUTURE HERE? WHAT IS MAKING THEM TO LEAVE? THEY ARE STILL PRESENT IN MANY OTHER COUNTRIES. WHY ARE THEY LEAVING NIGERIA?
NO INDIGENEOUS COMPANY CAN MANAGE OUR OIL AND GAS SECTOR AS THESE MULTINATIONALS WILL DO.
NIGERIA IS BECOMING ONE OF THE WORSE COUNTRY TO DO BUSINESS IN. WHAT A SHAME!

chloride6:
You are an illiterate 😂😂😂

The contingent debt on those Assets is over $10bn..

The FG refused to sign the deal unless Exxon undertook to decommission the assets. If Seplat refuses to discharge its obligations in decommissioning the assets, the FG will hold Exxon for those assets.

Seplat is majorly owned by Mariel and Prom, a French E&P company. Plus NNPC got 10% for their right of first refusal.

IGBOPROMISE1:
Dude, YOU were the one who stupidly referenced loans as the reason why Dr Orjiakor was removed from office! Wigwe, Avuru and the others you mentioned are all expendable pawns in the powerplay Buhari and Tinubu are engaged in! Whatever actions or inactions attributable to them were either instigated or directed directly or indirectly by the one at the very top! Assuming a loan was indeed taken by Dr Orjiakor from Access bank, does anyone really think that if it was just between the lender and borrower that things would have got to the point of the lender causing the borrower grief to the point of him having to be relieved of his position as chairman of SEPLAT!? What exactly was the amount of this loan that it couldn't be restructured or paid back by the chairman of the largest indigenous oil and gas coy in Nigeria!? You see what i mean when i say the story sounds somehow? As Judge Judy normally says, 'if it doesn't make sense, it's usually not true'!

The buck stops at the table of the president who is the boss of the NUPRC (or whatever they call themselves)! I gather Buhari initially approved the sale of MOBIL to SEPLAT, but the regulatory body rejected it with the flimsy excuse that they have right of first refusal! Were they prepared to pay more than SEPLAT was offering or was it that they had other 'objections' to the deal!? OANDO that bought the entire assets of AGIP for less than a billion dollars....what was it that they did that got their own deal approved almost immediately by NUPRC?

Why exactly should anyone be grateful to the murderous duo of Buhari and Tinubu!?

Realtruth2023:
Hold on stop trying to be mischievous why would NNPC want them to decommission an asset they have sold based on a debt which they new entity will absorb? Also Seplat never said they were not going to honor their obligations. Make it make sense. You guys in a bid to spread propaganda always love to lie.
Again NNPC has 10% in a JV doesn't give them right of first refusal as the new entity is taking over Exxon Mobil's stake in the JV. Exactly how Oando bought AGIP's stake in their JV with NNPC.

Realtruth2023:
Hold on stop trying to be mischievous why would NNPC want them to decommission an asset they have sold based on a debt which they new entity will absorb? Also Seplat never said they were not going to honor their obligations. Make it make sense. You guys in a bid to spread propaganda always love to lie.
Again NNPC has 10% in a JV doesn't give them right of first refusal as the new entity is taking over Exxon Mobil's stake in the JV. Exactly how Oando bought AGIP's stake in their JV with NNPC.