₦airaland Forum

$1.1TRN WORTH OF FUEL DIVERTED BY 18 COMPANIES – PDP
source : http://www.eyesoflagos.com/2017/12/11trn-worth-of-fuel-diverted-by-18.html

As fuel scarcity lingers across the country, the Peoples Democratic Party (PDP) maintained yesterday that 18 unregistered companies were used to lift and divert $1.1trn worth of crude oil in the last one year.
It accused the All Progressives Congress (APC) government of being silent over reports of fraud in the oil regime.
PDP further charged the APC-led government to tell Nigerians the truth regarding its handling of fuel related funds, particularly the circumstances surrounding what it called “the exposed diversion of fuel funds in sleazy oil subsidy payouts”.
In a statement signed by its national publicity secretary, Kola Ologbondiyan, the major opposition party in the country said it is completely reprehensible that the APC and the federal government have continue to stick to lies, particularly on the real reasons behind the biting fuel scarcity.
The party tasked the APC Government to speak out on reports of fraud in the oil regime whereupon 18 unregistered companies were used to lift and divert $1.1 trillion worth of crude oil in the last one year.
“We all know that it was convenient for the APC Presidency to promise Nigerians that it will no longer import fuel only because the PDP government had already laid the foundation including revamping the refineries and ensuring a domestic production of 5 million litres out of the 25 million litres daily domestic consumption.
“Sadly, this incompetent APC government, in its almost three years, has not added one litre to the 5 million litres which the PDP administration was producing. Instead of improvements, the APC has wrecked the system and now pushing the nation to depend solely on importation, while engaging in heavy sleazes in hidden subsidy regimes.
“Is it not also ridiculous for the federal government, in its bid to cover for its ineptitude and oil subsidy corruption, to announce that it is the NNPC and not Nigeria that is paying for the so called
The statement made available to Eyes Of Lagos continued: “The question is who owns the NNPC? Is it not Nigeria? Can NNPC spend a kobo without the authorization of the Presidency? Has President Muhammadu Buhari ceased to be the President of the Federal Republic of Nigeria and the Minister of Petroleum Resources?
“Moreover, if the NNPC, which is under his purview, has been paying fuel subsidy, who authorized the payment and who are the beneficiaries? Nigerians need to know the truth on this subsidy regime.
“We therefore challenge the APC- Federal Government to come clean on these issues and stop telling lies to Nigerians who have suffered enough under its deceptive, inept, uncoordinated and wicked regime”.
The PDP however urged Nigerians not to feel forlorn, adding that it has repositioned to stand with the people in the inevitable mission to rescue and restore the nation to the path of prosperity once more come 2019.

$1.1 trillion? can this be proven?

apc has destroyed Nigeria kpata kpata

They are silently looting the treasury. Fowl nyash go open one day.

Sad!

$1.1trillion, does this man know what he is talking about?

Anyway, pigs that will agree with him are everywhere. All that is required to get them worshipping you is, condemn Buhari, you don't have to be logical or say anything reasonable. Infact, tell them Buhari has built $20trillion mansion in the sky, you don't have to prove it.

let me come and be going jare.

PDP wants to join APC in their lying game now?

OUR MINISTER OF PETROLEUM SHOULD COME AND DEFEND HIMSELF.

Ok

PDP is now doing the job of the fraudulent minister of petroleum .
The apc government is another devil incarnate which can only thrive on the hardship and suffering of Nigerians.

$1.1trn equally to #360,000,000,000,000.that is three hundred and sixty trillion naira.even Nigeria cannot make that money in 100yrs.PDP learning how to lie

$1.1trn equal to #360.1 trillion Naira.even the devil will be shocked at that level of lie,this one surpassed lai Mohammed .Nigeria cannot make that kind of money even in 30yrs.I think that pdp publicity secretary brain need to be formatted to a higher version

Propaganda
It doesn't add up.

Kk

Na so
This Guy's face and lips says it all

lies

Is the economy of the entire African continent with over 52 countries worth $1.1trn? We just throw up figures anyhow in Nigeria. Illiterates everywhere.

Ratello:
$1.1 trillion? can this be proven?

Can't believe what I just saw too waoh

Trillion dollars!!!!

HOW MUCH IS OUR BUDGET? I DOUBT IF AMERICAN BUDGET IS UP TO THAT AMOUNT

we are really good at throwing figures around In this country

Chai. Expose those thieves.

Okay o

LionDeLeo:
$1.1trillion, does this man know what he is talking about?

Anyway, pigs that will agree with him are everywhere. All that is required to get them worshipping you is, condemn Buhari, you don't have to be logical or say anything reasonable. Infact, tell them Buhari has built $20trillion mansion in the sky, you don't have to prove it.

let me come and be going jare.

They actually don’t know how to play opposition,they are just coming up with senseless lies
They need to visit lie Muhammed to teach them how to manipulate people

This amount is over quoted! I agree there are well known scam in lifting of crude by the gov't in power and this is the singular reason fuel scarcity lingers. However, the figure big bros! For one year, na only Nigeria dey sell crude and refine.....

not surprised

Not 1.1 trillion its 2.2 gillion,

I saw the Cash in fact we counted it together



Foooooooools

Nonsense Nigeria total crude production from year 2000 to date is not up to 1 trillion dollar

Assuming we produce 2M barrel daily at a price $50 that means we make $100M daily now multiply that by 365 days it will be $36billion annually,

1Trillion ÷365billion = 27.7

Therefore From the above Nigeria can make 1trillion dollars in 27 years at price of $50. Which means we can only make 1tr from 1990 to date

Now average price of oil from 1990 to date is not up to $50, that is why I laughed when some people quote some figures. This happens in both APC and PDP .

APC defenders doubting this will not if it was lai Mohammed against Allison madueke. hypocrites

$1.1trn?
Big lie.