₦airaland Forum

Beaf:
Bonehead, I am a Midwesterner.
What does Borno state produce, why are you a Nigerian? Can you tell me?

Beaf:
^
You are from Borno state and have repeatedly expressed your love for boko haram, so your words are to be expected. You are only a Nigerian (thats if you aren't some goat from Niger of Chad), because of oil, or does your state produce anything?

When did Azikiwe become the representative of the Midwest? You are just some stup!d guy who doesn't even know the difference between the regions.
And its because you are an aboki desperately trying to pass off as Yoruba, but you fool only yourself.

Please, I don't wish to converse with dimwits. Azikiwe representing the Midwest? I don't even know how to start laughing.

Beaf:
Phuck you and phuck your cocoa money. The Midwest left the Western region, because they were exploiting our oil palm and rubber money to develop their region, while we were the donkeys. Today it speaks volumes that we are closer to the SE. So phuck you and your cocoa.

Beaf:
If not for oil, would I belong in the same country as a fool and subversive like you?

Akwasi:
Called by who?

prodam:
/*This program snippet depicts the possible problem that might be causing problem of explosions in Nigeria alongside its solution*/

String getSolution(problemnature a){
if(a==leadership) return "solution is vote for change in the next election"

else if(a==north vs south) return "solution is splitting Nigeria"
   else return "Hand over to God"
}
**May God Intervene** Amen

BIGER BOY:
Why are you making such shallow myopic and lack of depth statement? I gues it is the prevalence of the such mindsets as yours that allow BH to foster.

Wasn't obasanjo from the south why didn't such rubbish reign in his time?

Haba must we take every unfortunate event to promote your bigoted point of view.

Tell me are there no northern casualties in today's attack?

Mehn! It's annoying dealing with such kid minds

benzion72:
Why are Northern mad since they loose power to the south. At lease they have being ruling since independence. And Nigeria has nothing to show for it even their own North is an empty desert. I think Islamic cleric need to come out and condem killing in its strongest term in their preaching and stop teaching of islam of an heaven of bliss for whoever kill in the name of Allah

kelz88:
Naija, I just weep for you.[b] Always bad news! [/b]Tuffiiiaaaaa!!

Meanwhile so many pensioners that could really do with the money.


God, you can't still be asleep, surely?!

Subsidy: Finance ministry re-introduces oil & gas monitoring unit

Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo-Iweala has said she would re-introduce the oil and gas monitoring unit in the Federal Ministry of Finance to provide oversight over the oil sector and ensure strict compliance with extant laws and regulation.

Fielding questions at her second appearance before the House of Representatives Ad-Hoc Committee on Fuel Subsidy Management yesterday, Dr Okonjo –Iweala said the previous oil and gas monitoring unit she had set up during her previous stint as Finance Minister helped the country to recover N180 billion. She said some international oil companies were made to pay the country $1.2 billion following a study of their contractual obligations.

The minster reiterated her commitments to help government in fighting corruption and improving efficiency by plugging wastages and ensuring more transparency and accountability in the management of public resources.

“We must get at the truth because the country needs every kobo we can find. I will not invent any answers to shield anybody,” Okojo-Iweala said.

She noted that subsidy was not an ideological issue but the challenge was to ensure that subsidies are properly targeted to get to the people who need it most.

According to her, the bulk of the subsidy wasn’t going to the target population and this is money that could be used to create additional jobs such as the 370,000 new job scheme government is planning, more investment in agriculture and rural development, which will benefit more people.

http://www.thenationonlineng.net/2011/index.php/business/33889-subsidy-finance-ministry-re-introduces-oil-gas-monitoring-unit.html

NNPC not authorised to deduct subsidy, says Okonjo-Iweala

The Nigeria National Petroleum Corporation never had the mandate of the Ministry of Finance to deduct subsidy cash before remitting funds to the Federation Account, Finance Minister Ngozi Okonjo-Iweala revealed yesterday.

She made the revelation before the House of Representatives ad-Hoc Committee on Subsidy Management, chaired by Farouk Lawan.

The minister told the committee that the NNPC was being investigated to determine where it derived such authority from.

When the House Committee asked her on who was the approving authority, Mrs. Okonjo-Iweala said: “This has been a practice that was kicked in rather than any authorisation. We have actually been looking into this issue to find out  who gave the authorisation. We have not been able to come up with an answer. It was a practice that was developed. I’m afraid I can’t go further than this except my colleagues will add something, I can’t give you that answer.”

Her defence was in sharp contrast with the assertion by  NNPC’s Group Managing Director Austen Oniwon on Wednesday. Oniwon told the committee that at no time had the corporation taken money out of the Federation Account for subsidy payment illegally.

He had stated before the committee that: “I only deduct what is authorised by PPPRA. Once they give me the certificate after checking with all authorised inspectors and auditors, it is that value that constitute what is deducted as per the Appropriation Act.

“I don’t go outside that, so, it is not for me to determine what is deducted from the crude’s value and before I deduct, I write to the Minister of Finance that the PPPRA has approved it for me.”

Mrs. Okonjo-Iweala, who said her ministry is not aware of any authority on which the payment by the NNPC was based, but asked  for more time from the committee to investigate the matter and report back  with her findings.

She, however, stated that the entire system required thorough clean up to free it from the huge economic wastages that was holding it back from achieving the desired development.

According to her, the government was serious about stemming corruption, adding that steps were being taken to block all areas of wastages in revenue.

She said: “We are going to be very aggressive in recovering money owed government, we will block all revenue leakages.”

On transparency in the transactions and deductions of the subsidy funds, she said: “We have two places where we interact with NNPC to know what they are deducting and remitting just to ensure transparency in their dealings.

“We always make it clear and NNPC knows this. We prefer a system whereby the deductions were not made, amount due were remitted at international oil price and we could pay them for whatever products that are imported. But things got out of hand for them when price gets higher and higher and they started to deduct these. That is where we are.”

The minister expressed worry over the non remittance of additional revenues generated by some agencies to the Federation Account, adding that measures were being taken to force those revenue generating agencies to obey the laws regarding full remittances to the Federation Account.

She said serious changes that would culminate in the diversification of the country’s revenue base, were being introduced to take the country out of its present economic quagmire.

Her words: “We are investing in non-oil sectors like agriculture, solid minerals to achieve a solid revenue diversification for the country.”

Former President of the Nigeria Bar Association (NBA), Olisa Agbakoba said Nigeria was losing about N15 trillion by the non-passage of the Petroleum Industry Bill (PIB) and the non-implementation of the KPMG audit report on the NNPC.

According to him, Nigeria could generate N15 trillion annually from the oil sector if the KPMG report on the NNPC was implemented fully and if the PIB was given accelerated passage.

The implementation of the oil and gas content law in the PIB will yield N10 trillion to the country’s coffers.

If the  recommendations of the KPMG audit report is fully implemented, will bring in a revenue of about N5 trillion.

He said the report has exposed ‘embarrassing sharp practices’ in the NNPC and has the antidote to revealing the “thieving elements” in the oil sector.

Agbakoba insisted that if the corruption in the oil sector was to be exposed and stopped, the KPMG report must be fully implemented by the Federal Government.

His words: “The KPMG report is so embarrassing and a big disgrace. A substantial part of the work of this committee had been done by the KPMG and it is very unfortunate that ever since that audit was finished, nothing was done with it. The KPMG report should be fully implemented.”

Agbakoba urged the House to demand the full implementation of the report which he said, was submitted September last year.

On subsidy, the lawyer argued that it could be said not to exist because there is no evidence of such.

“In the court, for instance, the crucial issue would have been if there was indeed a subsidy, and if there is, where is the evidence?” he said.

The former NBA president noted that it was wrong to implement the deregulation policy without considering other basic and important issues in the system, adding that such an action will not yield positive results.

He accused the Federal Government of not patronising indigenous businessmen and professionals, adding that by so doing, such multinational companies use Nigeria’s funds to develop their economies.

He said the non-enforcement of the existing laws has made the country vulnerable to exploitation by some advanced nations that have come into the country to do business.

His words: “If we want to change our country, let us implement our laws. The economy will not grow by budgeting so much money. It will grow by government empowering our people. Why does our government still bank in foreign banks? Is anything wrong with our banks? Government has to promote Nigerian businesses. We have to love ourselves first.

“Mobil Oil Ltd is still importing foreign lawyers to write simple agreements. They still bring in foreign engineers while our people are here without jobs. Can you go to the United States or Britain and do that? Of course, they will not allow you to do that.”

He said that it is better for the government to empower the people economically than by merely rolling out economic policies that would not be implemented.

Agbakoba implored the National Assembly to pass a law that would accord Nigerians preferential treatment in business transactions with the government over their foreign competitors.

However, the Director-General of the Budget Office of the Federation, Dr. Bright Okongwu, told the committee in his presentation that the much talked about Petroleum Subsidy Fund (PSF) never existed in practical terms.

His words: “The PSF is a virtual account which does not really exist. What usually happens is that subsidy monies are paid from the Federation Account before the rest is shared among the three tiers of government; any time such payments are made, records are kept and it is these records that is referred to as PSF”

The Director of Department of Petroleum Resources (DPR), Augustine Olorunshola, absolved his department of blame. He said it was only involved in monitoring and has nothing to do with the payment.
http://www.thenationonlineng.net/2011/index.php/news/33927-nnpc-not-authorised-to-deduct-subsidy-says-okonjo-iweala.html

Nchara:
I cant believe you are talking about chasing people around on NL? You of all people? Remember what I told you a few days back?

nsiadi:
There is God`s hand all these things happening now
The coming of GEJ portends a good omen for Nigeria
His mien & disposition is allowing us to know these inside dealings
"Stronger"Rulers like  OBJ, IBB, & others would have shielded their "own" people from this public glare
Our fortunes would have gone tru Ghana must go bags. Cover-ups must have followed

The re-entry of Okonjo Iweala is also very helpful
She, by training & experience, knows exact places to beam search lights to expose corruption
& she is doing that perfectly well
Same applies to Allison Madueke.
Numerous big shots they have blocked their nefarious ways are now fighting back
We must not fail to realise this---the cabals are being attacked from many fronts
They are counter attacking through available avenues
With their looted monies they are firing in all cylinders
They have to bc the heat on them is enormous

So my esteemed Nlanders understand the simple logic there
Stop insulting these people who have been sacrificing substantially
Most of them are not mean as their paid attackers will make us believe
They keep flying kites
As you can see none of those silly slurs have stuck

However, this does not in any way mean there are no bad eggs around the corridors of power
But we must endeavour to separate the sheep from the goat .

mba emeka:
I am in support of beaf today. The call for her resignation is precipated by ill will. It is baseless, senseless and hypocritical.

The senate received the PIB since Rilwanu Lukmans time that could have ushered in a change in the oil and gas sector. What did they do with it? I heard a former member of the house of reps say on AIT that the NASS didnt go past the first page of that bill. Where was Mr. Obadara then? Trying to score cheap political points. This is despicable!

The atrocities being committed by NNPC long precedes Diezani and that aside she doesnt really call all the shots as regards the ministry. she answers to President Jonathan,(in a subtle way to the CBN governor and the finance minister and even Mr. Oniwon in the sense that their approvals are needed (MOST TIMES) before any deal or agreement is concretised. If you have real questions you should ask SLS to tell us who and who approved the realease of such monies.

The senators prodding should be directed to good use and he should rally his fellow house mates to hasten up the passage of the undiluted PIB so that we can begin to experience a more restructured and revamped petroleum Industry.

emmatok:
So the SW has over 30 billion barrels and some people are shouting OCCUPY YOUR RESOURCES

I hope the Lagos 200,000 barrels/day refinery in Lagos will be designed for heavy crude oil.

Beaf:
If all goes well, all Petroleum Ministers before now, NNPC bosses, PTF bosses. . . All who have been involved in the petroleum sector since 1970 will go to jail.
The essence of what is going on now is the forcing through of another fundamental piece of GEJ's restructuring drive; the Petroleum Industry Bill (PIB). It would not have been possible without the subsidy removal and it will be rammed through on the back of the revealation of scandals, as everyone flees for the nearest exit to save their skins.

ollyruffy:
True identities of the cabals are being revealed,

more will still be told in days to come.

ephomoghia:
These guys are head bent on getting back at this woman minister because she has really disrupted the plans and the interest of the cabal some of these law makers are protecting, they use every avenue to advance this hidden agenda of theirs.
Are these self serving lawmakers oblivious of what had been happening in the NNPC before now? now that the minister had written to EFCC to conduct investigations they are aligning themselves to score cheep political points. If they so love this country their oversight functions was supposed to have pointed these irregularities in the NNPC and now stand far and must stop dictating to the EFCC to perform their Statutory duties and wait for Nigerians. Because no matter their pretense we know that they are as corrupt or even more corrupt than the NNPC and any Nigerian that relates and listens to these bunch of thieving law makers still does not know who the real enemy of the common Nigerian is, Be guided