TheGoodJoe:


You can see the ignorance I am talking about? He is asking for Proof after Diezani and Goodluck showed proof that money was diverted from our revenue.

Just imagine. Diezani and GEJ provided the PWC that proved they diverted money.

You are angry at someone for reporting to you that someone stole your money. I clap for you.

TheGoodJoe:



If find it hard to believe, after articles like the one below was released, you can still write such a thing. At least, read the head line of the article.


PwC's audit report supports many of Sanusi's allegations.

The auditors found that the total gross revenues generated from the federal government of Nigeria crude oil liftings was $69.34bn from January 2012 to July 2013.

The total cash remitted into the government's accounts in relation to crude oil lifting was $50.81bn, leaving $18.53bn unaccounted for.

The report raised serious questions about the level of transparency and corporate structure of the national oil company.

http://www.internationalaccountingbulletin.com/news/pwc-forensic-report-on-oil-revenues-unveils-nigerias-demons-4570423

TheGoodJoe:


Are you serious? Which deceit? What concerns Melaye in this talk? Download the report and read how much people stole from you and your country.

Wake up.

lookandlaff:



how much oil do we produce? = 2m BPD
what was the average price of crude in that period = $100
do the math over 365 days approx $75B


this is total sales, i.e turnover, this is before cost of production 20-30% and JV share of profits that acrue to the JV partners is deducted. There is no way what accrues to Nigeria from Crude Oil is more than $35B during that period, I don't care what Sanusi or what you think PWC is saying, maybe journalists are misinterpreting the report. You cannot sell more Oil than you are producing, you cannot sell Oil higher than the market price, there are production costs and joint venture partnerships that take roughly half of the crude we produce. It's simply an impossibility to arrive at the figures being touted. Think about it!!!


You don't hear Shell or Chevron or any of the Oil companies that actually drill the Oil (note that NNPC does not actually drill any Oil) saying there share is missing.



The problem here is this and this was Sanusi's mistake in the beginning, to assume that because we produce x million barrells per day, all that crude are ours. All our crude production is done through JVs with the Oil majors, Again NNPC does not drill for crude!!! In return for their investment, they get 40% or 50% depending on the agreement. This is taken in the form of crude, they sell their crude, we sell ours. It is misleading to think when you hear that we produce 2million barrels per day, that the Nigerian govt gets the whole 2million barrels. We only get what is our share as per the jv agreements after some is taken to offset production costs. If you are looking for 2 million barrels PD in the accounts then ofcourse you will shout that it's missing but the question is why are you looking for 2M BPD when all that is your share is roughly 1M BPD!!!

Forwetinnah:


..while we're dealing with the NNPC saga, we can also talk about the TSA, can't we? It's all fraud and corruption

TheGoodJoe:


Go and read the article and stop playing kpankpangolo here. How can after the proof that NNPC diverted money from the Nation, you are angry that Emir Sanusi cried out that they stole Nigerian money.

Imagine this scenario. Someone came to you and told you that he saw someone steal ten thousand naira from your bag. When you found out the person who stole five thousand, you ask the police to arrest the man that reported because he did not know exactly how much the other person stole from you.

lookandlaff:



how much oil do we produce? = 2m BPD
what was the average price of crude in that period = $100
do the math over 365 days approx $75B


this is total sales, i.e turnover, this is before cost of production 20-30% and JV share of profits that acrue to the JV partners is deducted. There is no way what accrues to Nigeria from Crude Oil is more than $35B during that period, I don't care what Sanusi or what you think PWC is saying, maybe journalists are misinterpreting the report. You cannot sell more Oil than you are producing, you cannot sell Oil higher than the market price, there are production costs and joint venture partnerships that take roughly half of the crude we produce. It's simply an impossibility to arrive at the figures being touted. Think about it!!!


You don't hear Shell or Chevron or any of the Oil companies that actually drill the Oil (note that NNPC does not actually drill any Oil) saying there share is missing.



The problem here is this and this was Sanusi's mistake in the beginning, to assume that because we produce x million barrells per day, all that crude are ours. All our crude production is done through JVs with the Oil majors, Again NNPC does not drill for crude!!! In return for their investment, they get 40% up to 50% depending on the agreement. This is taken in the form of crude, they sell their crude, we sell ours. It is misleading to think when you hear that we produce 2million barrels per day, that the Nigerian govt gets the whole 2million barrels. We only get what is our share as per the jv agreements after some is taken to offset production costs. If you are looking for 2 million barrels PD in the accounts then ofcourse you will shout that it's missing but the question is why are you looking for 2M BPD when all that is your share of the agreement is less than that

TheGoodJoe:


If you have a problem with TSA, write an article about it, explain the fraud and enlighten Nigerians.

Do not use it as a tool to exonerate a thief who stole from you.

TheGoodJoe:


PwC's audit report supports many of Sanusi's allegations.

The auditors found that the total gross revenues generated from the Federal government of Nigeria crude oil liftings was $69.34bn from January 2012 to July 2013.

The total cash remitted into the government's accounts in relation to crude oil lifting was $50.81bn, leaving $18.53bn unaccounted for.

http://www.internationalaccountingbulletin.com/news/pwc-forensic-report-on-oil-revenues-unveils-nigerias-demo-457042323

This is not Emir Sanusi talking. This is the star witness of Diezani and GEJ talking. GEJ brought them to prove NNPC did not divert money but they said Emir Sanusi was right.

So why are you still Calculating?

A thief brought a witness to prove to you that he did not steal your money. The witness said the thief stole your money. You told the witness. Let me bring calculator to find out if he stole my money.

You guys should wake up, because your ignorance is frightening me.

Chubhie:
You carry SLS words as gospel truth. The question now is what is TRUTH?

According to hegel and spinoza, A statement has to cohere and be consistent for it to be a desirable condition for truth. SLS statements are well documented to have lacked coherence and consistency hence can not be smuggled in as a gospel truth.

yahrant140:
Emir sanusi, we have hear your gibberish! But remember madam diezani is better than you...... Mere bokoharm sponsor!

Forwetinnah:


You didn't read his post yet you want him to read yours..you're being misled. Read the last 2 paragraph at least.

udeagbalaC:




http://ynaija.com/emir-of-kano-to-diezani-its-nothing-personal-its-our-nations-money/

TheGoodJoe:



You do not need to calculate any maths, do any permutation or Voodoo economics.

NNPC is not denying that the money was diverted. So what is your problem?

This is like a thief confessing that he stole your money and you want to prove to the thief that he did not steal your money.

Forwetinnah:


Im 'exornerating' a thief? Why...because i brought up the case of bigger crooks from your extraction ?? You dont have a case...all of you are cut from the same cloth!! So your excuse for exempting thieves working with Booooohari is writing an article? Tell your mallam to line up aaaalll the thieves including himself and shoot them to blazes. That should save me the stress of writing a different article for more of your excuses. ..i dont t have time for senseless arguments

TheGoodJoe:



Why should I read if Emir Sanusi made a mistake. NNPC is not denying the money was diverted. So why is Emir Sanusi's mistake important.

olabode100:
he was not consistent with figure so that nnpc can come out! With their hidden figures and behold when they(nnpc) saw the bogus 50 dolls he mentioned,they came out with their hidden figure and the truth of SLS came to pass.so SLS knew what he was doing ,he wanted nnpc t come out with their hidden figures.I thinkthe money is actually ~20 dolls.

lookandlaff:



My error, I just realized this was over a 19 month period, I had thought jan to july was over a 7 month period. I still find the figure of $20B a bit ludicrous but I take back earlier comments as they were based on the wrong assumptions.

Forwetinnah:


With that mistake any sane court would throw SLS ' Trash out...you don't come up with such outrageous accusations with shady figures, even a good police officer will have you as a suspect. Not standing brief for Diezani anyways...she has promised to clear her name, the TSA crooks should come out from Booooohari's diapers and clear their names too

TheGoodJoe:


If you have a problem with APC, go ahead and expose them. I will support you one hundred percent. If these guys loot us, we bear the consequences, not them.

However, this report has nothing to do with APC or Buhari? That is why I am scared of the level of ignorance.

GEJ made the report public when he was still the President.

TheGoodJoe:


You carry ignorance as the Gospel truth. GEJ and Diezani brought PWC to prove them innocent but their report proved that the money was diverted.

How does SLS still come into the discussion. Download the report and read it.

TheGoodJoe:


SLS did not come out with Evidence. He gave a report of what he noticed and asked GEJ to investigate and provide explanations.

So how can an enquiry be seen as an evidence beats me.

Chubhie:
You are a dubious character.I only blame a Greehorn as GEJ for making common sls seem larger than life.

Forwetinnah:


Just allow him to keep shooting himself...

Forwetinnah:


Oh...now its an enquiry?
Yet Dieziani is being called a thief without trial by YOU, why?

Chubhie:
You are a dubious character.I only blame a Greehorn as GEJ for making common sls seem larger than life.

Forwetinnah:


Just allow him to keep shooting himself...

Forwetinnah:


Oh...now its an enquiry?
Yet Dieziani is being called a thief without trial by YOU, why?

chukwudi44:
Sanusi how much exactly is missing? Yoy started with $49billion,came down to $10billion and went up again to $20billion and now again you are telling us $6billion? Are northern emirs usually this stupid and confused?