₦airaland Forum

born2fuck:
EVEN THE WHOLE LASU WILL BE ON FIRE SOON SO STUDENTs WILL NOT HAVE TO PAY 1K FOR 30 MARKS TEST ANYMORE, me don sick of dem already

1K for 30 mark test And 30K for admission runs, now i see even more reason for BRF's moves. I hope this incident has nothing to do with sch fee increase.

They not made any decision yet, they are still consulting

@alj_harem
i don't quite agree with your views above, oil subsidy problem is mainly a problem of dishonest and irresponsible pple in charge of our oil colluding with some "Powerful" elements like Oil marketers and highly placed political figures. they have succeeded in shortchanging the system(innocent Nigerians and our Govt.) thru false claims at different stages the oil goes thru b4 it gets to the common man.
What i will suggest for to you is that we press the govt to repair our refinery that will all the fraudulent deals to disappear for good, if the refiniries are running at capacity there will be no need for importation that leads to false claims from marketers and NNPC/PPPRA agent. The main challenge is getting the refineries to work optimally by freeing it from the "second cabals system" who have made it their personnal refinery.

In case u don't know the "second cabal system" i mean, they are the same as 1st one but they also collude with the refinery officials and secretly run our refineries at significant high production capacity while they make claims of far lower output through their mouthpiece: NNPC/PPPRA, the extra oil they have secretly refined is not only sold to Nigerians they are brought in as imported petroleum product, they then go ahead and make false claims of the volume brought in to shortchange the govt for the second time and the whole of Nigeria at large.

An Effectively and efficiently run refinery is everything to the common man cos it keeps the price of petroleum product down for them. subsidy removal is a solution as well but it is an incomplete one becos the money goes to an inefficient govt. which means the oil subsidy will only change hand. some will be used for capital projects as claimed while the bigger part will end up with new and untouchable cabals (B*** and co.) within the govt (GEJ/future GEJs and co).

For more info on the "Second cabal system" https://www.nairaland.com/nigeria/topic-807613.0.html

sheyguy:
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Chairman of the Joint Committee, Senator Magnus Abe, told our correspondent on Sunday that it had yet to reach any conclusion on what to do with the companies involved.

According to him, it would only be fair to give the said beneficiaries a chance to defend themselves before bringing them to judgment.

He said, “We cannot judge anybody when we have not heard from them. We have to hear from them before we reach any conclusion.

“People are of the view that because of the investments in the subsidy we should have some more benefits that we have now, so we will give them a chance to tell their own side of the story.

“We as a committee have promised that we will be fair to all and get to the bottom of the issues. So we are ready to do a thorough job.”
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I hope these company can come out bold and give us information that leads to those within NNPC, PPPRA and Co. they have colluded with so far.

Fuel subsidy: Importers to defend N1.43tn received

Oil companies that benefited from the N1.43tn 2011 fuel subsidy payments will next week appear before the Senate to defend the amounts they were paid.

On Friday, the Senate Joint Committee investigating the fuel subsidy came out with a list of over 100 fuel importers who allegedly received huge sums of money as subsidies.

The committee had claimed that it discovered that about 73 of the companies did not qualify to participate in the process since they had no depots or tank farms as required by the guidelines.

There was also the inclusion of construction companies which were paid the subsidy, a development that was queried by the committee, but for which no answers were provided by the Petroleum Products Pricing Regulatory Agency.

Chairman of the Joint Committee, Senator Magnus Abe, told our correspondent on Sunday that it had yet to reach any conclusion on what to do with the companies involved.

According to him, it would only be fair to give the said beneficiaries a chance to defend themselves before bringing them to judgment.

He said, “We cannot judge anybody when we have not heard from them. We have to hear from them before we reach any conclusion.

“People are of the view that because of the investments in the subsidy we should have some more benefits that we have now, so we will give them a chance to tell their own side of the story.

“We as a committee have promised that we will be fair to all and get to the bottom of the issues. So we are ready to do a thorough job.”

Some of the oil companies mentioned by the committee to have received subsidy included Oando Nigerian Plc, which received N228.506bn; MRS Ltd, N224.818 bn; Enak Oil & Gas, N19.684bn; Conoil , N37.960bn; Bovas & Co. Nig. Ltd, N5.685bn; and Obat, N85bn.

Also, Integrated Oil and Gas, which has former Minister of Interior, Capt. Emmanuel Iheanacho (retd.), as a principal player, allegedly received a total of N30.777bn in 2011, while IPMAN Investment Ltd got N10.9 bn.

Others include Africa Petroleum Plc, which allegedly got N104.83 bn; AMP Petro-energy, N11.4 bn; Akor Plc, N24.11 bn; A.Z Petroleum, N18.13 bn; Capital Oil, N22.42 bn and Dozie Oil and Gas, N3.37 bn.

The list also include Mobil Oil Plc, N18.60 bn; Matrix Energy, N12.612 bn; Ford Oil, N8.502 bn; North West Petroleum and Gas, N46.27 bn; NIPCO Plc, N23.2 bn; Ontario Oil, N4.9 bn; Origin Oil and Gas, N2.69 bn; and Ocean Energy, N1.77 bn.

Link:
http://www.mobile.punchng.com/index.php?option=com_k2&view=item&id=6887:fuel-subsidy-importers-to-defend-n143tn-received&Itemid=542

May this thread get to page 5 in jesus name.

biachwest:
The beneficiaries of the so called fuel subsidy have been revealed by the FG.This group of people should be hold responsible for the poor inf ranstructures,  high unemployment,they should be held responsible for shipping our jobs overseas (to richer countries).
What we should concerned of now is to support the removal and the senate should lay out  a strong strategies on how to monitor the executive in the nest fiscal year on how  the fund will be used,making sure the money creates jobs,build new roads,health centers,schools,water e.t.c.
Nigeria will only grow economically if jobs is created and this is the time to take some hard decisions, Nigerians should get use to it.

the beneficiary list released by the senate is a greater scam than the oil subsidy scam itself. They gave us a list with abt 20 companies who have collected a total of N1.2 trillion since  2006 out of over N3.655 Trillion+, they even told us there are some unqualified  construction companies with no oil farm tank who are into Oil marketing. What r they doing about these pple/companies? When r they gonna release their own name they r using legit companies to cover up the sin of their "cronies in crime" the senate panel are working for GEJ and everyone except those who want oil subsidy to stay.

Read this and understand better:
http://www.thenationonlineng.net/2011/index.php/news/28463-senate-names-fuel-subsidy-beneficiaries.html

British-Biafran Obama.

seanet02:
mirageeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

a very juicy one indeed . . .lol

British-Biafran Obama.

seanet02:
mirageeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

a very juicy one indeed . . .lol

Beaf:
Whose next line of action?

your own suggested line of action for urself and for everyone else.

Beaf:
The bolded are all foolish questions. When govt has told us what the palliative measures would be (which might even include your suggestions), then we can start debating how good or bad they are, but until then, sir, you are jumping the gun and your assumptions bear little to do with common sense.

beaf,
For the bolded part of that statement, do you trust the govt to implement these "palliative measures" successfully? irrespective of ur answer to my last question, what do u consider the next line of action if the govt fails to deliver its "palliative measures".
last but definitely not the least, Will u ever support a revolution or mass protest if the govt eventually fails to deliver on the promise of those "palliative measures"?.

All we do in Nigeria is "PACKAGING", we simply cover up our suffering with smile.
Rather than set a target that suites the average Nigerian they ve chosen to and set their eyes on overtaking SA. While south Africa has enough land to make every of her citizen rich and comfortable as farmers Nigeria has limited land but natural resource in abundance. GEJ and his army should be targetting better standard of living on the average and true industrialization at a pace our natural/human resource can sustain.

South africa has a population of abt 50m or less while Nigeria has 160m, if we overtake them in SOL and per capital income? Fine.

Its on aljazeera already, i qoute "gunmen launch attack on divisional police head quarter, Azare, northeast Nigeria".

GEJ where art thou?

The SNC has always been the idea/request of the westerners, it was a westerner who suggested the aburi idea and its location(Aburi instead of Tanzania) to Ojukwu. Its funny when pple keep saying it was Ojukwu'S idea and that the yorubas r regretting OneNigeria.
Everybody is regretting it in equal measure except the blood-hungary almajiris.

At last, Biafra is going electronic, i can't wait for that day when biafra will be fully hosted on a server.
E-Biafra!!! . . . . .that's a very nice concept.

U guys may want to consider me, i have three shops at onitsha main market, spare-part lane.

That min wage is 18 k does not mean u earn 18k, there are ppl who earn up to N2m and above annually. The parents who thinks his ward must attend a uni must b ready to pay 4 one.

We already know that the ruling party hates tinubu, if  PDP has somtin genuine against him they would av nailed him buy now.
PDP is our biggest problem right now, for any1 to support pdp he/she must be benefitting from them .

[quote author=PROUD-IGBO link=topic=816557.msg9688004#msg9688004 date=1322952660]^^^ Make that Mr PROUD Ndigbo apologist, fool!!! Never heard of the story you recount in your post above, but if true trust me i'll be the first to call for their heads. That's the difference between you and i: where there's any criminal behaviour going on, i'd call for the prosecution of the scum involved, not minding if they're from my ethnic group or not; whereas a complete dolt like you would rather bury your head in the sand and pretend nothing happened if the suspects happen to be from your ethnic stock. You disgust me to no end, and you can start any "thread within this thread" if that's what gives you a hard-on.

Scum!!![/quote]as for the N188b bulb stuff it is real i 1st got it here on NL & i confirmed it, i will give it to you in another thread another day (i cant us link function properly on ma phone now).

Going back to the topic at hand, i did a rough estimate of the total payment published in this article and it was less than N1.3 trillion, what happened to the rest payments made and the company names?
If u follow the link i pasted here earlier (TheNation Newspaper version), it says the senate panel refused to name some other companies that were registered as construction companies and they did not meet requirement for oil marketing companies. That means they have identified some offenders and av refused to name them, even when pressed by journalists/pressmen.

The question u shld be asking r those i have highlighted above, and not that silly ethnic-bashing thing u r doing, that's too early for now.

Grow up and see beyond yoruba-ibo blame game, it can be childish at times. We r talking Nigeria and reality here not assumptions and fiction.
Grow up PROUD-IGBO!!!

[quote author=PROUD-IGBO link=topic=816557.msg9686654#msg9686654 date=1322936458]^^^ On the bolded, i doubt there's enough zeros on the calculator to compute the mind boggling amount.

Jesus wept!!! My blood is boiling right now. Later they will tell you Igbo man is the problem with Nigeria. What do these thieving bastards do with all these billions of $$$ for chrissake!!!? I wonder how they go to sleep at night -with all the poverty around them- feeling smug that they've made an extra couple of million and shafted the average Nigerian in the process.

It's just pure greed and avarice, and the blood of anyone that has died for lack of adequate healthcare; the blood of the poor young graduate that spent years without finding a job and then went on to commit suicide b'cos he/she felt all alone and abandoned; the blood of all those who have died on our roads for lack of maintainance; the blood of all those who have died in foreign lands b'cos of lack of opportunities back home; the blood of all these poor souls is partly on the heads and conscience of these greedy thieving scum, and they'll get theirs for sure- if not in this life, then on the day of judgement b/4 God almighty. Amen.[/quote]Mr. Ndigbo apologist dont be too quick to start a tribal war here, the igbos have their share in this list too. Plus dont forget things like "the estimated N118B loss to importation of fake energy-sajving electrical bulbs alone", we still have fake drugs, electrical appliances among others while patonising slave labour factories in Asia. [size=14pt]
Don't let us start that thread within this thread pls!!![/size]

They 've already sneaked one through the backdoor in person of G. E. J. Azikiwe. Too late

I am eager to see what 60 will feel like, cos there is never a better tomorrow . . .if u know where i mean. . .

For those of us saying there is no cause for alarm yet has anybody noticed where it say some construction co. r invovled and they refused to name them for reasons best known to them only.
Seem like the senate panel has been compromised already. [quote author=Kilode?! link=topic=816623.msg9684937#msg9684937 date=1322918295]Eledumare o! Are we drinking Oyel??[/quote]

efisher:
There is no shocker in this news! What we need is proof that the volume actually supplied to Nigerians over the period is significantly less than the volume subsidized. I.e. We have to prove that these marketers inflated their volumes. They have every right to collect whatever billions accrue to them if they have supplied the right quantity.

there is shocker oh!!! . . . .part of the article says they spent about 35% of the money in less than 15% of total spending period.

The senate who were once eager to expose these racket are now hiding some names while mentioning others, especially those construction companies, why hide their names.  Go thru it again.

We shouldn't jump to make hasty conclusions yet, they have only published the names, they have not given us the names of those who have violated the law by declaring false value of crude oil imported or by redirecting locally refined crude oil through the ports as imported crude oil.
However, i can bet that between Adenuga, Tinubu, and Otedola companies lies a great deal of these "oil crimes".

Quote From TheNation Newspaper version of the report

Stanley gave the figure of N1.348 trillion as the amount spent on fuel subsidy between January and August this year.
He also gave a grand total of N3.665 trillion as the amount spent on fuel subsidy between 2006 and August 2011.

But the committee wanted to know why fuel subsidy which used to be about N500 million in one year suddenly jumped to N1. 426 trillion within the space of less than one year.

Abe also wanted to know what a construction company has to do with importation of fuel.

He, however, did not mention the construction company listed among the beneficiaries, in spite of the preseure piled on him by reporters.

Link:     http://www.thenationonlineng.net/2011/index.php/news/28463-senate-names-fuel-subsidy-beneficiaries.html

We need to see those who benefitted most in the last one year as they are the real deal here, because they spent over 30% of the subsidy money within the last one year. that's about 35% spent in less than 15% of the duration they paid the subsidy with detail pasted above.

let the drama begin, they shld tell us those behind these crimes in names anyone can front with company name, who r those GEJ is afraid of?

Senate names fuel subsidy beneficiaries

The Senate yesterday released names of the beneficiaries of fuel subsidy amounting to a grand total of N3.655 trillion for five years (2006 to 2011).

The upper legislative chamber said fuel subsidy has guzzled N1.426 trillion between January and August this year alone.
Chairman, Senate Ad-hoc Committee probing the management of fuel subsidy regime in the country, Senator Magnus Abe, read the names of companies benefitting from fuel subsidy at the resumed investigation by the committee in Abuja .

Senate President, Senator David Mark, had lamented the existence of those he referred to as “oil industry mafia” and charged the investigative panel to unearth those behind oil deals.

Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Mr. Reginald Elijah Stanley, however, disagreed with the N1.426 trillion for 2011.

The PPPRA boss said that some of the figures reeled out by Abe did not quite add up.
According to him, “some of the figures read did not tally with the actual figures.”

Stanley gave the figure of N1.348 trillion as the amount spent on fuel subsidy between January and August this year.
He also gave a grand total of N3.665 trillion as the amount spent on fuel subsidy between 2006 and August 2011.

But the committee wanted to know why fuel subsidy which used to be about N500 million in one year suddenly jumped to N1. 426 trillion within the space of less than one year.

Abe also wanted to know what a construction company has to do with importation of fuel.

He, however, did not mention the construction company listed among the beneficiaries, in spite of the preseure piled on him by reporters.
A member of the committee, Senator Bukola Saraki, noted that part of the guidelines for licence as oil marketer specifies that applicants must own a tank farm and the company registered at the Corporate Affairs Commission (CAC).

The committee said that information available to it is that some importers who do not own tank farms use names of oil majors to receive subsidy as marketers.

Stanley said that they received the complaint and referred the matter to security agencies for proper investigation.

Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr. Austin Oniwon, told the committee that the NNPC collects subsidy for locally refined products but not as much as the amount paid for imported products.
On alleged massive round tripping by marketers, the NNPC boss said that he had not caught anybody engaged in round tripping. He said he would not “want to speculate on it.”

Oniwon also said that N71.2 million was spent on turnaround maintenance of Kaduna Refinery.
He said that they have been given 24 months to resuscitate the three refineries in the country.

Asked what the country is losing as a result of the non- functioning of the refineries, Oniwon referred to the salary paid to staff at the refineries.
The NNPC GMD also failed to give the committee the quantity of products that are produced locally since the refineries were shut down.

“I will get back to you”, he retorted.
The committee mandated him to furnish it with details of the quantity of products produced locally.

Abe said that former President Umaru Yar’Adua abolished kerosene subsidy and wondered why it was re-introduced.
The PPPRA boss said that it was re-introduced by the board of the agency, but failed to furnish the committee with necessary documents to support his claim.

He failed to justify why N200 billion paid as arrears was not recorded in  the books of the agency.   
Companies named by the Senate and the amount of money they received this year alone included; Oando Nigeria Plc, N228.506billion; Integrated Oil and Gas Plc, N30billion; MRS, 224.818 billion; A.A. Rano, N1.14 billion; A-Z Petroleum, N18.61 billion; A.S.B, N3.16 billion; Arcon Plc, N24.116 billion; African Petroleum, N104.58 billion; Aminu Resources, N2.3 billion; Capital Oil, N22.4 billion; Con Oil, N37.96 billion; Avante Guard, N1.14 billion; Avido, N3.64 billion; Boffas and Company, N3.67 billion; and Brilla Energy, N960.3 million.

Others also listed are: D. Jones Petroleum, N14.86 billion; DownStream Energy, N789.648 million; Dosil Oil and Gas, N3.375 billion; Inco ray, N1.988 billion; Eternal, N5.574 billion; Folawiyo Energy, N113.32 billion; Frado International, N2.63 billion; First Deepwater Oil, N257.396 million; Heden Petrol, N693 million; Honeywell Petrol, N12.2 billion; AMP, N11.417 billion; Ascon, N5.271 billion; Channel Oil, N1.308 billion; Fort Oil, N8.582 billion; Enak Oil & Gas, N19.684 billion; Bovas & Co. Nig Ltd, N5.685billion; and Obat Oil N85billion.

Abe also named AP, N104.5billion; IPMAN Investment Limited, N10.9billion; ACON, N24.1billion;  Atio Oil, N64.4billion; AMP, N11.4billion; and Emac Oil, N19.2billion.

Findings by our correspondent indicated that in 2006, only MRS, Total and Oando were officially listed as beneficiaries of the fuel subsidy recognised by the Federal Government.
The three companies were said to have been listed as “major marketers.”

But in 2007, AP and Mobil  joined the three companies and were listed under the category of majors.
The same year, NIPCO was introduced and listed under the category of petrol depot owners.
A new category of “independents” included some marketers who had no depots.

AITEO Energy Resources and Triquest Energy was also added in 2007, bringing the total to eight beneficiaries of the fuel subsidy.
The Nation gathered that the list of subsidy beneficiaries increased sharply in 2008 to a total of 23, made up of six majors.
In 2008,Conoil joined, and NIPCO was joined by Capital Oil and Folawiyo Energy, under the category of depot owners.

The list of “independents” also increased from two in 2007 to 14 in 2008 as AITEO and Triquest were said to have been joined by Triquest Oil services, IMAD Oil & Gas, Integrated Oil and Gas, Rahamaniyya, AMG Petro Energy, Brittania, ACORN, A-Z Petrolleum, SHIELD Petroleum and MAJOPE Investment Limited.

And in 2010, the beneficiaries of the subsidy payment under the category of major marketers remained six, the depot owners remained two, but the list of independent marketers went up to 28 with the curious inclusion of many relatively barely known companies.


http://www.thenationonlineng.net/2011/index.php/news/28463-senate-names-fuel-subsidy-beneficiaries.html

addtional links:

http://www.vanguardngr.com/2011/12/senate-unmasks-fuel-subsidy-beneficiaries/
http://www.tribune.com.ng/sat/index.php/front-page-articles/6035-senate-exposes-fuel-subsidy-cartel-over-100-firms-share-n1426-trillion-in-8-months-oando-eternal-ap-bovas-others-involved.html

Kizilala:
You are still desperate to exhibit your ignorance.You have shown yourself to be a confirmed illiterate.Read your history books.Anu mpam

if u r confused abt your history there r beta ways to ask for help, u don't have to be emotional abt it.
Just point to the part u r confused abt and i am going to school u 4 free. . . . . . . .ILLITERATE!!!

realchange:
why not acknowledge what the article by a foreigner is saying, which is basically the truth? who has been vindicated by history according to what the article said? stop all these local yard talk. ndigbo don't care what anyone thinks anymore.

y not step up ur ignorance/ndigbo game and by leaving the electronic domain and go do somethng concrete, an article with no writer's/author name.

realchange:
nobody asked anyone in the east to be targeted and murdered in the north which forced many of our people to run to the east. It was a collective decision by easterners through the eastern house of assembly to declare biafra. some of the leaders of the fight were people from your area (akwa-ibom). there were saboteurs everywhere including igboland.
the more some of you try to isolate the biafran struggle as igbo struggle, the less others believe you. if you doubt me, just wait until there is another war in nigeria, (which is almost certain going by the way things are going). we (ndigbo) would be more concerned with ourselves. if ever we do anything with minorities in ss , they have to lead it.

neither did any westerner or northerner asked to be provoked by killing their top and prominent sons & daughters ? ? ?

ocelot2006:
Did someone say saboteurs in the south-south? Did we ask the igbos to drag the minorities into the seccession plan and biafra?

the ibos r king when it comes to blame-game of biafra crap. The north hates them, SS r sabotuers, the west betrayed them. They r just too good at this blame game of a thing, yet it was an ibo man who supported the idea of one nigeria first.

lagcity:
Look, if I base my judgement on NL, i would think Igbos hate Yoruba with a passion with the kind of things they say about us (Yorubas). One example is this monkey chino11 posting above me. In fact, I would avoid all Igbos in the world. But it isn't so. So close that chapter.

seconded

i have lots of real life experience with these ibos confronting me with their hate attitude cos they feel am yoruba. Too many of them hold grugdes againsst the yorubas 4 no tangible reason.

Orikinla:
The Lion of Biafra did what he had to do then.
The Igbos lost the warm because they were betrayed by the Yorubas and saboteurs in the South-South.

shut up, it was ibos who betrayed the yorubas, go back and read how awolowo was caged in the east and how they massacred the yorubas along with their traditional enemies, no yoruba leader knew what the ibos were up to politically except that they wanted to use the yorubas for thier selfish interest. I suggest u quit that crap of yoruba betrayed ibos this is 2011

What a thread

Areosapien:
I guess you didn't know you were logged in as Asha 80 when you made this post
Operator, over to you.

asha 80:
nigerian soldiers did not kill anyone.they simply stood and watch the ogbunigwe as it killed biafran soldiers.

aerosapien, nice observation there.