₦airaland Forum

wow

fibonacci2526:
Sadly you can't use the vouchers again as the mobile week has ended.

aww. Thanks anyway.

fibonacci2526:
Good morning sir.

Pls are your vouchers still active?

Gptech:
30k.

yeah I just checked thanks.. will the voucher reduce the price? but I noticed there's no warranty...

GrandMufti:
Yes. On jumia. You have to be fast though before the promo runs out. Contact fibonacci2526 if her freebies are still available

alright. thank you very much.


fibonacci2526 good morning o..

Please does Redmi Note 5A have a 2gig variant?

Booked!

The United States government has announced about $533million in humanitarian assistance for Nigeria, Ethiopia, Somalia, and South Sudan, as well as countries in the Lake Chad region.

U.S. Secretary of State Rex Tillerson, announced this on Tuesday during a presentation at the George Mason University, Fairfax in Virginia, ahead of his ‘very important’ trip to Africa.

The government explained on its Nigerian embassy’s website that the fund is meant to support countries where millions of citizens are facing life-threatening food insecurity and malnutrition as a result of ongoing conflict or prolonged drought.

“As we support important security efforts, we must work to find long-term diplomatic solutions to conflicts that cause so much human suffering. Until we do, the United States, as the world’s largest provider of humanitarian assistance, will continue to stand with those most vulnerable,” Tillerson said.

“As a testament to that commitment, today I’m announcing $533 million in additional humanitarian assistance to fight famine and food insecurity and address other needs resulting from conflicts in Somalia, South Sudan, Ethiopia, and the Lake Chad Basin.

“The alarming levels of hunger in these areas are largely man-made, as conflicts erupt and people flee their homes. Under these conditions, people cannot produce crops and often lose access altogether to food, education, and healthcare.

“Many lose everything. And regrettably, Mother Nature can still be cruel, such as in the Horn of Africa, where a prolonged drought is contributing to grave food insecurity,” he added.

With this new funding from the State Department and the U.S. Agency for International Development, the U.S. is providing emergency food and nutrition assistance to help vulnerable populations, including tens of thousands of tons of in-kind food aid.

The funding, according to the statement, also supports safe drinking water programmes, emergency healthcare, and hygiene programmes to treat and prevent the spread of disease, as well as the reunification of families separated by conflict.

A breakdown of the newly announced funds shows that about $184million is for affected populations from South Sudan, more than $110million for affected populations from Ethiopia, at least $110million for affected populations from Somalia, while more than $128million is for affected populations from Nigeria and countries in the Lake Chad region.

The United States, however, called on all parties to allow aid workers safe and unhindered access to help communities in need.

source - https://www.channelstv.com/2018/03/07/u-s-announced-533m-humanitarian-aid-for-nigeria-others/?utm_source=TW&utm_medium=ChannelsTV-+AutoPoster&utm_campaign=SNAP%2Bfrom%2BChannels+Television

cc mynd44 OAM4J

it's pretty obvious.. reduce the width of the main content.

Nigeria has commenced legal proceedings against Chinese owned oil firm, Addax Petroleum, for recovery of the sum of $3 billion alleged to be under-remitted royalties, and taxes by the company.

In the documents filed before Justice Olatoregun on Friday, Nigerian governments said the funds are outstanding claims against the company under the Petroleum Profit Tax Act and Petroleum (Drilling and Production) Amendment Regulation 2003 over Oil Mining Leases (OMLs) 123, 124, 126, and 137.

Joined as respondents in the suit are Addax Petroleum Development Nigeria Ltd, Addax Petroleum Exploration Nigeria Ltd, the Nigerian National Petroleum Corporation (NNPC), the Ministry of Petroleum Resources/Department of Petroleum Resources, and the National Petroleum Investment & Management Services (NAPIMS).

Documents filed before the court by D.A. Awosika and partners, the chamber representing the Federal government in the suit indicated that the company piled up the $3 billion unremitted funds as a result of its illegal and irregular reliance on Side Letters dated 21st November 2001, 20th December 2001, and 24th August 2004 which were never gazetted.

The move to recover the funds from Addax came three months after a PREMIUM TIMES report on how the Chinese firm allegedly paid millions of dollars in bribes to Nigerian officials to secure juicy contracts in the oil industry.

In 1998, Addax Petroleum, a subsidiary of China's Sinopec Group, one of the world's largest oil and gas producers, entered into a Production Sharing Contract (PSC) with the NNPC (as concessionaire) in respect of OPL 98/118 and OPL 90/225.

Four years later, the company discovered oil in commercial quantities and the OPLs were converted into Oil Mining Leases (OMLs) 123/124 and 126/137.

The PSC entered by the two parties required Addax Petroleum to pay royalties on any oil produced from the relevant oil blocks at the rate of 20 percent as stipulated by law. It also provided that the Petroleum Profit Tax Act (PPTA) applicable to the contract areas shall be 65.75 percent for the first five years, starting from the first day of the month of the first sale of the oil, and 85 percent thereafter.

But, according to the Statement of Claim filed by D.A Awosika & Partners, Addax Petroleum fraudulently obtained a Side Letter in 2001 and 2004 which were "never gazetted" and which they used in calculating their taxes and royalties.

The calculations in the side letters fixed the PPT payable by the company at 60 percent and, rather than the 20 percent flat rate of royalty, provided for a graduated rate depending on the volume of oil produced from the oil blocks.

The side letters were signed by Enginneer Funsho Kupolokun, then Special Assistant on Petroleum and Energy to former President Olusegun Obasanjo (in 2001) and Olabode Agusto, then Director General/Special Adviser on Budget to the President (in 2004).

"Several objections and protests were raised by FIRS (Federal Inland Revenue Service), NNPC, and DPR to the reliance on these side letters by the Defendants to bypass, supplant, and subvert the process," the government’s lawyers stated in their claim.

"In 2003, in order to give effect to the graduated royalty regime stated in the side letters, the Minister of Petroleum Resources (Mr. Obasanjo) issued the Petroleum (Drilling and Production) Amendment Regulations which provided for graduated royalty rates for onshore and shallow offshore PSC which did not account for royalty by tranches.

"The Petroleum (Drilling and Production) Amendment Regulations 2003 when made was given retrospective effect from the first day of January, 2000, which was the same date of commencement of the graduated royalty rates contained in the side letters."

Several meetings between Nigerian government officials - represented by the FIRS, DPR, and NNPC - and representatives of Addax Petroleum reassess and resolve the latter's "colossal underpayment" to the government between 2007 and 2012 yielded no results.

In one of the meetings, which it was discovered that the company's application of the graduated royalty rates as provided for in the Petroleum (Drilling and Production) Amendment Regulations 2003 as contained in the side letters was erroneous.

Rather than relying on the applicable royalty rates in calculating their daily production volume, Addax Petroleum allegedly developed a practice of slicing their volume rate of royalty to different tranches of production thereby significantly reducing their royalty obligations.

Government calculations of under-remittance showed that the company withheld $1.3 billion in royalties and $1.7 billion in PPT.

But Addax Petroleum maintained its right to the use of the side letters for computing the taxes on its operations and dragged the government over accusations of a breach of their 1998 PSC on the oil blocks.

In suit FHC/ABJ/CS/1099/2014 filed before former chief judge of Federal High Court Ibrahim Auta, the company sought a judicial approval towards their continued use of the side letters to compute its financial obligations to the Nigerian government.

However, on 26th May, 2015, three days before the administration of then president, Goodluck Jonathan, handed over to his successor, Muhammadu Buhari; the government negotiated a controversial out of court settlement with Addax Petroleum, agreeing to pay the company $3.4 billion (about N1 trillion).

Court papers filed by the Nigerian government's lawyers stated that Addax Petroleum "surreptitiously teamed up" with some officials of DPR, FIRS, and NNPC to execute certain terms of settlement which was eventually made the Consent Judgment of court notwithstanding the pendency of several applications yet to be heard by the same court.

"In executing the said terms of settlement, the authorities were not sought, no approval at Federal Executive Council level was given, the governing boards of the FIRS, NNPC and DPR did not authorize those officers that executed the bogus terms of settlement to so act," the lawyers argued.

Premium times had also in 2015 reported how the then Attorney General of the Federation, Mohammed Adoke, negotiated the shocking deal industry experts said was reminiscent of the infamous Malabu Oil deal in which the same Mr. Adoke was involved in.

However, in one of President Buhari's first moves to clean Nigeria's monumentally corrupt oil industry, the NNPC in a letter to Addax Petroleum endorsed by the president and dated 7th September, 2015, reversed the agreement entered into under the previous administration.

Despite the accusations of bribing Nigerian officials and underpayment of taxes and royalties, Addax Petroleum has continued to ramp up its operations in the country, announcing in December last year about its plans for fresh investment of "between $3 - $5 billion in Nigeria over the coming years."

"Our future in Nigeria remains bright," Dorothy Atake, General Manager, External & Government Affairs, Addax Petroleum.

In its suit before justice Mojisola Olatoregun of Federal High Court Lagos, the Nigerian government is seeking for an order directing the NNPC, Ministry of Petroleum/DPR, and NAPIMS from further allocation of crude oil explored from OMLs 123, 124, 126, and 137 to Addax Petroleum pending when the company furnishes the court verifiable Bank Guarantee from Nigerian banks to cover the monetary claims of the plaintiff.

Other prayers sought by the Nigerian government include an order restraining the NNPC, Petroleum Ministry, and NAPIMS from dealing with Addax Petroleum as wells as stopping them from transferring or assigning their interest in the OMLs to another person. Also, an order compelling the Nigerian agencies to file an affidavit of fact detailing the company's assets, properties, and funds.

On Friday, Justice Olatoregun granted an order for the government's lawyers to serve court papers to the NNPC, the third respondent in the suit, whose office is situated in Abuja, outside the court's jurisdiction.

source:- http://saharareporters.com/2018/03/03/nigeria-moves-recover-3-billion-chinese-owned-addax-petroleum

cc Dominique

..

your not on whatsapp..??

decide:
OP you need to know which area of IT your brother passion for. Certification does not guarantee job. Infact i am oracle and cisco certified but i have had no course of using my cisco. I use java and oracle alot- programming but if he likes networking he should go for cisco

hey bro! I'm a newbie in the world of databases and networking.. I've started reading tutorials for both. wanna ask you a few questions.. I sent you a pm. thanks

come on op.. I came across these pictures in 2014!

I think your web host/hosting plan is the issue.. which host is the site on?? and which plan did you subscribe to?

larry4eva:
bookies be like

lol.. baba they were not like that this weekend for my friend o.. and me to an extent.. e chop 122k.. 17 games.. I give am 3 games so ihn reason me 10k

bluehost is good too.. that's their help desk is sometimes unhelpful

y'all correct.. that's Modric as a little dude..
monerozi5590 .. the face is distinctive enough to remind you of Modric but Guti actually resembled him a little bit as a kid.. didn't even think of it.

any idea who this is??

how much for a 5 page website?

usbcable:
Vasquez has underperformed so far.

Why not play Ceballos for a 442.

how have you measured his performances? someone playing 15mins in most of the matches he's featured in.. he's had just a little over 500mins of game time.. with 2 goals and an assist..
remember the problem is with our strikers because chances are definitely being created for them..
Hakimi does not keep defenders busy.. and he has no one to support him.. isco is always drifting to the middle.. same with asensio, so the left backs of opposition follow them, choking the middle.. it doesn't help that Marcelo is also off form.. Vasquez will definitely keep defenders busy-less defenders for Ronaldo and co to deal with and hopefully they'll score

monerozi5590:
Bale matter don tire me... !

aswear.. kovacic is back sha.. better sub options don dey for zidane

isco injury scare.. a doubt for the derby.. Bale out without even returning in the first place.. I feel Vasquez should start so we can play a real 4-3-3
that's what I feel has been killing us this season.. guys?