₦airaland Forum

pinardave:
So because shell BP is shutting down their production due to unfavorable economic condition and the present administration`s lack of direction, and you are here spewing up blackmail. Guess, Buhari should realize that any case against shell will not be decided by his pocketed Nigerian judiciary. You guys should tell this govt to be focus oooo
By now every sensible Nigerian has come to the realization that there is something more dangerous than "corruption", "incompetence"is more dangerous than corruption...... A Man can be corrupt and still be profitable but an Incompetent man makes you lose all you are worth and jeopardize your future.....

Buhari has shown himself incompetent in all ramifications ....... The money we have lost by the crash of the Naira alone in the eight month administration of Buhari should equal and exceed all the monies that can ever be stolen by the Jonathan administration ..... Our economy has slowed down and its growth rate is now less than the 10th in Africa. The contracting nature of our economy means we have lost all the economic gains by Jonathan to such a docile government

pinardave:
So because shell BP is shutting down their production due to unfavorable economic condition and the present administration`s lack of direction, and you are here spewing up blackmail. Guess, Buhari should realize that any case against shell will not be decided by his pocketed Nigerian judiciary. You guys should tell this govt to be focus oooo
By now every sensible Nigerian has come to the realization that there is something more dangerous than "corruption", "incompetence"is more dangerous than corruption...... A Man can be corrupt and still be profitable but an Incompetent man makes you lose all you are worth and jeopardize your future.....

Buhari has shown himself incompetent in all ramifications ....... The money we have lost by the crash of the Naira alone in the eight month administration of Buhari should equal and exceed all the monies that can ever be stolen by the Jonathan administration ..... Our economy has slowed down and its growth rate is now less than the 10th in Africa. The contracting nature of our economy means we have lost all the economic gains by Jonathan to such a docile government

Ranks007:
Well I have seen the direction this government is towing. It reminds me of a controversial statement made by a sovereign member of the northern oligarch, stressing the need for an under carpet conspiracy to be held onto by the region, in order to remain in power.

Dan Etete is the only southerner who can boast of absolute control of OPL 245 and probably the only southerner to be awarded an oil well. As it is now, the oil block where corrupt practises on a large scale has been identified is that of Ettete...

As if we Nigerians dont know the high wired level of corruption going on at par in Northern owned oil blocs. Dan Etete connections with GEJ worsens the matter.

I am surprised at all...the vendetta is on course and the mission is to revoke all the favours and financial empowerment Gej granted his men and the region.....

they want to continue to make us leeches....so that we have no option but to continually look unto abuja and its brothers for help.....in so doing they continue to remain in power transferring it to their kids. . ..

Dangote and his northern brothers and co oil thieves in the west can remain saints in as much as their sovereign control of Nigeria over the rest is intact.

It is just a matter of time.....how long can they clip our wings....until a man is born!

pinardave:
So because shell BP is shutting down their production due to unfavorable economic condition and the present administration`s lack of direction, and you are here spewing up blackmail. Guess, Buhari should realize that any case against shell will not be decided by his pocketed Nigerian judiciary. You guys should tell this govt to be focus oooo
By now every sensible Nigerian has come to the realization that there is something more dangerous than "corruption", "incompetence"is more dangerous than corruption...... A Man can be corrupt and still be profitable but an Incompetent man makes you lose all you are worth and jeopardize your future.....

Buhari has shown himself incompetent in all ramifications ....... The money we have lost by the crash of the Naira alone in the eight month administration of Buhari should equal and exceed all the monies that can ever be stolen by the Jonathan administration ..... Our economy has slowed down and its growth rate is now less than the 10th in Africa. The contracting nature of our economy means we have lost all the economic gains by Jonathan to such a docile government

rusher14:
[b]

pinardave: :
So because shell BP is shutting down their production due to unfavorable economic condition and the present administration`s lack of direction, and you are here spewing up blackmail. Guess, Buhari should realize that any case against shell will not be decided by his pocketed Nigerian judiciary. You guys should tell this govt to be focus oooo
By now every sensible Nigerian has come to the realization that there is something more dangerous than "corruption", "incompetence"is more dangerous than corruption...... A Man can be corrupt and still be profitable but an Incompetent man makes you lose all you are worth and jeopardize your future.....

Buhari has shown himself incompetent in all ramifications ....... The money we have lost by the crash of the Naira alone in the eight month administration of Buhari should equal and exceed all the monies that can ever be stolen by the Jonathan administration ..... Our economy has slowed down and its growth rate is now less than the 10th in Africa. The contracting nature of our economy means we have lost all the economic gains by Jonathan to such a docile government

[/b]

Sometimes it would be better to observe things or just carry out a little research.

This issue was brought before the courts in Italy (ENI is Italian) with various fines and punitive measures taken by "foreign courts" against their own.

533 Million pounds was found to have been paid to Nigerian "Big Men" who helped secure the fraudulent sale.

As usual, the country was shortchanged and ridiculed as the field is estimated to hold about 9 billion barrels of oil.

I know you would love to make Buhari out as evil yet, even foreign governments have found the two oil companies complicit in such monumental fraud.

Please see:

http://www.dailymail.co.uk/wires/reuters/article-2776839/Large-Enis-Nigerian-oil-deal-cash-went-bribes-Italian-prosecutors.html

http://royaldutchshellplc.com/2015/06/01/nigeria-eni-misled-shareholders-over-nigeria-corruption-scandal-global-witness/



http://uk.mobile.reuters.com/article/idUKBRE96N0L020130724?irpc=932


http://oilprice.com/Energy/Energy-General/British-Police-Investigating-1.3-Billion-Shell-ENI-Nigerian-Oil-Bloc-Corruptio.html

sidnazious:
My brother, which money do you want GMB to use in creating employment, improve infrastructure and security? Nigeria is dead broke.... No foreign reserves, crude sales have plummeted, even the price is nothing to write home about.

In light of this there are three ways to go about this..... Either they borrow more money and mortgage our ailing future more, increase taxes astronomically thereby suffering the citizens or they recover stolen funds which are lying fallow somewhere and meant for the country initially.

Calling in investors to develop our other resources is not an immediate solution as it will take some years to develop, build plants and so on. This action has been delayed for too long by a powerful few. Do you know that some of our resources are been mined illegally?

If you were in charge what will you do? Think critically about it before you judge.

Just my 2cents.

Julietekekwe1:
Buhari has put Nigeria on a reverse gear at a speed 56km/ph.

MadCow1:
As long as dem no ask Etete dem to refund the money because e no go funny at all.

NavierStokes:
Abi you na century energy?

robosky02:
When you retrieve this type of oil block, Nigeria would likely witness an increase in earnings from crude oil. This would improve the dollar supply and reduce the pressure on the devaluation of Naira.

I have imagined the impact of the fall in the value of the Naira. This article discusses the forces of the supply and demand side. And concludes with suggestion to manage both angles http://therenaissanceng.com/naira-devaluation-emefieles-battle-to-save-nigerian-economy

Please feel free to comment and share your thoughts


http://www.premiumtimesng.com/news/197316-exclusive-shell-eni-in-fresh-trouble-as-nigeria-begins-moves-to-withdraw-opl-245-from-malabu-dan-etete.html

NavierStokes:
MR. Any right thinking person would understand that thwre is a time for everything, right now our priorities should be about the economy and not these probes that drag on with no near term results.

Ranks007:
Well I have seen the direction this government is towing. It reminds me of a controversial statement made by a sovereign member of the northern oligarch, stressing the need for an under carpet conspiracy to be held onto by the region, in order to remain in power.

Dan Etete is the only southerner who can boast of absolute control of OPL 245 and probably the only southerner to be awarded an oil well. As it is now, the oil block where corrupt practises on a large scale has been identified is that of Ettete...

As if we Nigerians dont know the high wired level of corruption going on at par in Northern owned oil blocs. Dan Etete connections with GEJ worsens the matter.

I am surprised at all...the vendetta is on course and the mission is to revoke all the favours and financial empowerment Gej granted his men and the region.....

they want to continue to make us leeches....so that we have no option but to continually look unto abuja and its brothers for help.....in so doing they continue to remain in power transferring it to their kids. . ..

Dangote and his northern brothers and co oil thieves in the west can remain saints in as much as their sovereign control of Nigeria over the rest is intact.

It is just a matter of time.....how long can they clip our wings....until a man is born!

ISpiksDaTroof:
I see its going to be hard to convince you that life shouldn't be lived in penury.

robosky02:
http://www.premiumtimesng.com/news/197316-exclusive-shell-eni-in-fresh-trouble-as-nigeria-begins-moves-to-withdraw-opl-245-from-malabu-dan-etete.html

robosky02:
http://www.premiumtimesng.com/news/197316-exclusive-shell-eni-in-fresh-trouble-as-nigeria-begins-moves-to-withdraw-opl-245-from-malabu-dan-etete.html

ogb5:
For those who don't know the full details, trying to retrieve the block from the current owners will only lead to more trouble and no progress.

The block in question has about 25% of Nigeria ' s oil reserve. The block was not developed for over a decade due to multiple legal suits over ownership of the block.

Jonathan government simply played the role of an intermidiary between the warring factions.

Money was paid by the multinationals under the settlement agreement to the fg and the fg in turn paid the money to malabu effectively stopping the legal suits and allowing development to commence on the oil block.

Some thing to note are.

Nigeria did not lose any money in the oil block deal. Abacha had already 'dashed' the oil block to Etete's malabu previously. And Obasanjo had retrieved it from malabu and given it to Shell. So at the time of the intervention by Jonathan's government, the block had already been given out.

There are legally binding agreements between the FG and Shell and between the FG and malabu with regards to the oil block.

Trying to back out of the legal agreement now will only lead to another round of litigation that will ensure that the block is not developed in the next decade.

Buhari should respect previous legal agreements or he will get Nigeria into unnecessary troubles

ogb5:
For those who don't know the full details, trying to retrieve the block from the current owners will only lead to more trouble and no progress.

The block in question has about 25% of Nigeria ' s oil reserve. The block was not developed for over a decade due to multiple legal suits over ownership of the block.

Jonathan government simply played the role of an intermidiary between the warring factions.

Money was paid by the multinationals under the settlement agreement to the fg and the fg in turn paid the money to malabu effectively stopping the legal suits and allowing development to commence on the oil block.

Some thing to note are.

Nigeria did not lose any money in the oil block deal. Abacha had already 'dashed' the oil block to Etete's malabu previously. And Obasanjo had retrieved it from malabu and given it to Shell. So at the time of the intervention by Jonathan's government, the block had already been given out.

There are legally binding agreements between the FG and Shell and between the FG and malabu with regards to the oil block.

Trying to back out of the legal agreement now will only lead to another round of litigation that will ensure that the block is not developed in the next decade.

Buhari should respect previous legal agreements or he will get Nigeria into unnecessary troubles

JonSnow:
[color=navyblue] Hmm..

What of the oil bloc (OML 127) given to that yoruba lady Folorunsho Alakija just because she was IBB's concubine? Una no go collect am? [/color]

ogb5:
For those who don't know the full details, trying to retrieve the block from the current owners will only lead to more trouble and no progress.

The block in question has about 25% of Nigeria ' s oil reserve. The block was not developed for over a decade due to multiple legal suits over ownership of the block.

Jonathan government simply played the role of an intermidiary between the warring factions.

Money was paid by the multinationals under the settlement agreement to the fg and the fg in turn paid the money to malabu effectively stopping the legal suits and allowing development to commence on the oil block.

Some thing to note are.

Nigeria did not lose any money in the oil block deal. Abacha had already 'dashed' the oil block to Etete's malabu previously. And Obasanjo had retrieved it from malabu and given it to Shell. So at the time of the intervention by Jonathan's government, the block had already been given out.

There are legally binding agreements between the FG and Shell and between the FG and malabu with regards to the oil block.

Trying to back out of the legal agreement now will only lead to another round of litigation that will ensure that the block is not developed in the next decade.

Buhari should respect previous legal agreements or he will get Nigeria into unnecessary troubles

masseratti:
its better the block is left undeveloped,abacha has no.right to.give out or dash anyone oil block,you cant stand legality on illegality.

oluwasegun007:
go ahead.... den kukuma don sack our people for there..

easzypeaszy:
na my elder brother wey dey work for shell I dey pity now sef...i tel am say Buhari no kw anytin he say na him he believe pass...he wanted to even slap his wife bc of buhari...since wen buhari tkovr govrmnt even to send me pocket money he no fit again...now frm Shell sackin 10-18 thousand workrs to total distruction of the Shell its self by Buhari...Bt if Buhari no want mk God punish am mk he no let anytin affct brothr.

ISpiksDaTroof:
You're supposed to be hung from the tallest tree on the highest mountain in the land, rubbed with honey and blood so that bees, vultures, and bears can have a go at your body while you're still alive because you're of no use to the world.

How much of the stolen monies above benefitted you or any of your lineage, imbec*ile?