Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan - Politics (2)

Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan (10942 Views)

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Apogee14: 10:50am On Sep 23, 2025

Hmmmmm and dezani siphoned 20 billion under Jonathan too. Let that man no return oooo yeye man

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by koladata(m): 10:52am On Sep 23, 2025

That man and his wife was a different story that year, they were so clueless

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Shikena(m): 10:54am On Sep 23, 2025

SarkinYarki:
Jonathan built more power plants than any govt , he fixed more roads than Buhari amd attracted more FDI than any govt in our history...He was not spectacular but if you compare him to 13 years of APC then your will say he is a genius

Yes, on paper GEJ did all the aforementioned but in reality there was no money to even pay federal workers by November 2014. Fact.

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by dododawa1: 10:55am On Sep 23, 2025

Otedola Dangote

Are

Part of

Nigeria cabal.

Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Sirleo05: 10:57am On Sep 23, 2025

Oil marketers have over the years destroy this country. Come to think of it, all this money they are stealing and sharing, e no dey tire them. Years of stealing, is it not time to say, enough is enough

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Agugbadin: 10:58am On Sep 23, 2025

GEJ should go and rest because there is no difference he is going to make in the present state of Nigeria

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Gotocourt: 10:59am On Sep 23, 2025

He dismissed the “myth” that depots create jobs, stressing that a typical depot employs not more than five people, including the gatekeeper.

This, he noted, is compared to filling stations that provide jobs for dozens of Nigerians ranging from attendants to cashiers, security guards and cleaners.

Gbammm

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by FLYFIRE(m): 11:01am On Sep 23, 2025

Says a man that became wealthy by the commonwealth of the people because his father was a governor.

Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Wickedlywicked: 11:01am On Sep 23, 2025

strangest:
Jonathan wanted to stop it by stopping subsidy

But Tinubu and co protested against it

Even buhari said there was nothing like subsidy

Una go on data come off sense. This ridiculous “Jonathan wanted to remove subsidy” nonsense needs to stop. It’s nobody’s fault he’s a weakling. He was the president and the commander of the armed forces of Africa’s largest country at the time yet he bowed to the pressure of opposition. If he truly believed in his own convictions, he would go ahead without minding the noise. Tinubu just did it even when his reelection is at stake. So why hasn’t he bowed to the pressures coming from oppositions and the masses this time? Yeye dey smell

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by BabaO2: 11:04am On Sep 23, 2025

iwaeda:
They are coming out to fight now, once they heard GEJ may contest. Tinubu has spent two years, why has he not jailed subsidy beneficiaries. APC told us no subsidy, even under Buhari and Tinubu, under recovery paid was way way higher than what GEJ was accused of, and petrol pump price where increased, even when oil sells less than $100 per barrel, when subsidy was paid.

Your thinking is always obsolete

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by osuofia2(m): 11:05am On Sep 23, 2025

iwaeda:
They are coming out to fight now, once they heard GEJ may contest. Tinubu has spent two years, why has he not jailed subsidy beneficiaries. APC told us no subsidy, even under Buhari and Tinubu, under recovery paid was way way higher than what GEJ was accused of, and petrol pump price where increased, even when oil sells less than $100 per barrel, when subsidy was paid.

No matter what you think, Subsidy shouldn't be kept, even GET tried to remove it, failing to remove is no one else fault but his, a leader is supposed to be decisive in making decisions

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Omenlon: 11:06am On Sep 23, 2025

AMINDA:
It's nothing compared to the heist going on under the current dispensation. They have started subtle campaign of calumny against Jonathan preparatory to his impending entry into the political space but it's all dead on arrival. The worst of Jonathan is better than the best of Tinubu and APC cannot campaign against Goodluck Jonathan without campaigning against themselves.

for your small mind you believe 10 Goodluck Jonathans can stand Tinubu, abi? Una too dey play too much for this app.

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Lanretoye(m): 11:07am On Sep 23, 2025

iwaeda:
They are coming out to fight now, once they heard GEJ may contest. Tinubu has spent two years, why has he not jailed subsidy beneficiaries. APC told us no subsidy, even under Buhari and Tinubu, under recovery paid was way way higher than what GEJ was accused of, and petrol pump price where increased, even when oil sells less than $100 per barrel, when subsidy was paid.

when otedola speaks,nobody speaks in your village…who?

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by nedekid: 11:08am On Sep 23, 2025

SarkinYarki:
These lies against Jonathan will never be allowed to stand .

Jonathan inherited a 300 billion dollar economy and grew it to 540bn the most prosperous Nigeria has ever been , maintained single digit inflation for 5 years and you want to compare him to either Buhari or the current govt that have not added a single notch to our GDP in 12 years but instead reduced it from 540 billion to 180 billion and hit us with the greatest devaluation of the Naira has ever seen , under APC Nigeria has moved from the number economy bin Africa to number 4 in just a few years ...you guys should have some shame

Are your minding those 30k internet boys, the have now been unleashed on Jonathan because of rumors about his political future.
The question those charlatans should answer is if their lives currently is better than when Jonathan was in power. I

Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by DatNiggaDaz: 11:08am On Sep 23, 2025

On subsidy, I personally warned President Goodluck Jonathan that he was being misled. The system was built to benefit depot owners, and members of the association became the primary beneficiaries.

Otedola is not saying the truth. Where were you when Jonathan wanted to remove subsidy ? Did you support him ? Did you release any press statement to that effect during this time ?

The most important question is..despite knowing all this about the subsidy, why did you not warn your brother Tinubu to shelve his Ojota protest against that same subsidy you are today saying is a scam yourself ?

You went quiet all through this time as GEJ wanted to do the needful. You did not come out to show your support for subsidy removal when Jonathan wanted the subsidy gone.

grin

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Smartcitizen: 11:08am On Sep 23, 2025

9jatriot:
Forget all the attempts at whitewashing, GEJ was just used as a conduit pipe by many. The man practically ran down our reserves and increase our loan obligation despite high oil income.

Also, the argument that GEJ tried to remove subsidy is not technically correct because when you remove subsidy, you do not fix a price; instead, you allow market force to determine the new price. What GEJ did then was to increase the pump price.

When we ask you why APC government that removed Jonathan was not able to jail all these people, you will start singing the old national anthem.

Propaganda can never be used to build a nation.

🤣🤣🤣🤣

Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Kukutente23: 11:09am On Sep 23, 2025

iwaeda:
https://dailytrust.com/otedola-how-oil-marketers-used-depot-licences-to-siphon-n2trn-under-jonathan/

Otedola and Dangote are fast becoming a cabal in the downstream using propaganda to delegitimise the concerns of other players
Same Otedola was fingered in the oil subsidy scandal where he set up Lawan, the man asked to probe the subsidy claims
He's the one telling us now about fraudulent subsidy claims

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Basic123: 11:14am On Sep 23, 2025

SarkinYarki:
These lies against Jonathan will never be allowed to stand .

Jonathan inherited a 300 billion dollar economy and grew it to 540bn the most prosperous Nigeria has ever been , maintained single digit inflation for 5 years and you want to compare him to either Buhari or the current govt that have not added a single notch to our GDP in 12 years but instead reduced it from 540 billion to 180 billion and hit us with the greatest devaluation of the Naira has ever seen , under APC Nigeria has moved from the number economy bin Africa to number 4 in just a few years ...you guys should have some shame

How is "rebasing" the same thing as "grew"?

This is not your WhatsApp group ooo

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by biggz82: 11:15am On Sep 23, 2025

Not only under Jonathan, from Obasanjo to the present president oil markerter has always find their way around the scam them, hence the reason the are at loggerheads with Dangote

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by AngelicBeing: 11:15am On Sep 23, 2025

yarimo:
It's clear GEJ is the most unserious former president of Nigeria

Hian, wetin Obi, Apga Bianca Lp Ojukwu Obidients Elrufai the green snake 🐍 and GEJ the woman wrapper president do you Hahaha 😂

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Omenlon: 11:16am On Sep 23, 2025

strangest:
Jonathan wanted to stop it by stopping subsidy

But Tinubu and co protested against it

Even buhari said there was nothing like subsidy

you just indicted GEJ that he was not in charge of his govt. . Your statement shows who the man Jonathan is, a weak leader.

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by CalabarSamurai(m): 11:16am On Sep 23, 2025

10 years later still Jonathan, the Pharaoh doesn't know where the knockout punch is coming from, Jonathan was and is far better than this plague sent from the bottomless pit!

Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by MaziObinnaokija: 11:16am On Sep 23, 2025

. Jona beta listen to mama PEACE b4 IPOBIDIENTS yoots DESTROY,RUIN and ABANDON him. No wonder,dem tagged him ðùñçè,jonaðàfþ,otuoke this/dat.. Those wey RUINED NIG ECONOMY to comatose are out again to DESTROY IT patapata.

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by blowjohn(m): 11:17am On Sep 23, 2025

9jatriot:
Forget all the attempts at whitewashing, GEJ was just used as a conduit pipe by many. The man practically ran down our reserves and increase our loan obligation despite high oil income.

Also, the argument that GEJ tried to remove subsidy is not technically correct because when you remove subsidy, you do not fix a price; instead, you allow market force to determine the new price. What GEJ did then was to increase the pump price.

Abuja centenary city also comes to mind. Abandoned and neglected.
Think about 4 billion dollars went down the drain on that alone

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by CalabarSamurai(m): 11:21am On Sep 23, 2025

I hope you are enjoying your STRONG leader aka Pharaoh Tinubu.

Omenlon:
you just indicted GEJ that he was not in charge of his govt. . Your statement shows who the man Jonathan is, a weak leader.

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by 11doubledee: 11:23am On Sep 23, 2025

Some beneficiaries of the rot in the Nigerian system was mentioned here including the accuser.
Judiciary still remains the most important part of government and after the legislature.
Continually putting the executive on it's toes and forced to sit up.

Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Streetinvestor2: 11:24am On Sep 23, 2025

AntiChristian:
One thing i know is that GEJ was the most mediocre President we had since 1999.

What about Diezani-gate?

What about the Chibok girls case?

Only God knows how much was truly Siphoned through the ministry of Petroleum!

Make GEJ no even come disgrace himself for another term!

He's better off now as a Global statesman!

The chibok girls was what qualified shatima to be chosen by SW president as his VP It was Apc /Tinubu game

Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Omenlon: 11:25am On Sep 23, 2025

Kukutente23:
Otedola and Dangote are fast becoming a cabal in the downstream using propaganda to delegitimise the concerns of other players
Same Otedola was fingered in the oil subsidy scandal where he set up Lawan, the man asked to probe the subsidy claims
He's the one telling us now about fraudulent subsidy claims

you should be ashamed of what you post here. Dangote investment heavily in the oil and he has the right to protect his business. Let others go and build their own refineries and control at their own whims and caprices. Know ye now that the time for free lunch is over, tell your cabal friends to wake up and think of how to build their own refineries.

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by keemsleek(m): 11:25am On Sep 23, 2025

He's saying the truth. He was not part of the scam cos his depot then was only dealing with AGO. You see all other depots they took advantage of the subsidy and not just subsidy also PEF. From NNPC to NUPENG to NPA to NAVY where all part of the scam.

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Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by Teenaira: 11:25am On Sep 23, 2025

AMINDA:
It's nothing compared to the heist going on under the current dispensation. They have started subtle campaign of calumny against Jonathan preparatory to his impending entry into the political space but it's all dead on arrival. The worst of Jonathan is better than the best of Tinubu and APC cannot campaign against Goodluck Jonathan without campaigning against themselves.

Dead on arrival. We will not allow you people to use and dump that gentleman, the great Goodluck a second time. Must it be Jonathan ? Go and look for another person to help you fight Tinubu. Former President Jonathan may have his own faults but the disgrace you people took the man through is very unfair. I will personally join any coalition to stop our Daddy, Former president Ebeli Goodluck Jonathan not to contests for any useless presidential position because affliction will not rise again. Let Hell rufai, Thief Atiku or desperado Saint Obi or any other person contest but not Jonathan.

Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by FLYFIRE(m): 11:26am On Sep 23, 2025

When N30k per month people talk, you'll know

Re: Otedola: How Oil Marketers Used Depot Licences To Siphon N2trn Under Jonathan by casualobserver: 11:27am On Sep 23, 2025*

SarkinYarki:
These lies against Jonathan will never be allowed to stand .

Jonathan inherited a 300 billion dollar economy and grew it to 540bn the most prosperous Nigeria has ever been , maintained single digit inflation for 5 years and you want to compare him to either Buhari or the current govt that have not added a single notch to our GDP in 12 years but instead reduced it from 540 billion to 180 billion and hit us with the greatest devaluation of the Naira has ever seen , under APC Nigeria has moved from the number economy bin Africa to number 4 in just a few years ...you guys should have some shame

YOUR CLAIMS ARE WRONG

1: Jonathan rebased the economy. As a result of rebasing the economy "grew" instantly from $269B to $510. It’s not Jonathan that took the economy from $269B to over $500B, it just means the previous figures (including the $269B) were understated and inaccurate and the performance of the economy by previous presidents before the rebasing was not properly calculated. It is merely an accounting change. Similarly the rebasing under Tinubu that took our economy to $243B is merely accounting.

2; it is wrong to asses Nigeria's economy in dollars. it is only used to get a rough measure for comparing countries but nominal GDP is not an accurate reflection of an economy's performance. As an example, in the last few months, the naira has gone from N1650 to N1490 to $1. does that mean the GDP has grown over 10%?
3: the NBS announded yesterday that our 2Q GDP grew 4.3%, the highest in 9 years. so your claim that he hasnot added to our GDP is false.
4: Nigeria's growth under Jonathan was an accident of fortune 2.1MBPD and $100+ oil price and what did he do with it? Tell me a single legacy infrastructure project that Jonathan left behind for all his great economy? For all the road, which road did he build? whatever you may say about Buhari. Nigeria is littered with infrastructure project, roads, rail etc that will continue to be enjoyed 50years from now. What are we using today that was built by Jonathan talk less 20 or 50 years from now? i am from the SW, I wasnt born when Awolowo was premier but we see his legacies all over the SW, All the industrial estates in lagos (isolo, ikeja, ilupeju, ogba, iganmu etc) were built by Awolowo, Obafemi Awolowo University was built by Awo, Free education, the roads, his farm settlements are still there, i can go on and on... Awo left office 65 years ago, these things are still there.. FDR built the American highway network close to 100 years ago.....what is Jonathan's legacy? what can you point to and tell your child or grandchild in future that this was built by a man called Goodluck Jonathan?

The untimate test of a good leader is what you continue to benefit from long after he has left office...that is what you call legacy! what is Jonathan's legacy especially as things were so good under him as you say? No Nigerian leader in history has benefitted from a production level of 2.1m barrels per day and an oil price above $100. What did he do with it? Kainji dam was built 60yrs ago by Balewa, we are enjoying it today. Which dam, which power stations, which rail, which roads did Jonathan build?

The irony seems lost on you that you hail a man for our best economic period, yet there are no legacies left behind for the future generations.

i dont have a problem with criticisms of any govt but come with facts.

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