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Stats: 2,274,215 members, 4,983,445 topics. Date: Sunday, 16 June 2019 at 11:43 AM
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|Politics / Re: Ekiti APC Guber Primary: Fayemi Emerges As Governorship Flagbearer (Exit Polls) by Stunner16(m): 8:50pm On May 13, 2018|
NairaMaster1:Yen yen yen yen
Have you asked the PDP flag bearer who is a sitting Deputy Governor to resign?
|Phones / Re: MTN Unveils 'Man In The Box' In Lagos - Pictures by Stunner16(m): 12:53pm On May 11, 2018|
|Family / Re: Should A Wife's Money Be '' Hers '' , While The Husband's Money Be " Ours " ? by Stunner16(m): 12:25am On Oct 04, 2017|
And you are supposed to be?
|Celebrities / Re: Yes, Wizkid Made History And So Did Davido, But I Stand With One Africa. by Stunner16(m): 8:55pm On Oct 01, 2017|
Wizkid rounded up his concert in Mali, November last year. He did more than sell out the same stadium.
He was worshipped, literally
Fans trailed his car to his hotel from the airport
Go and see sweet love.
Wizkid is a musical god and Davido ain't there yet son.
|Politics / Re: Omoyele Sowore Reacts To N4Billion Slammed Against Sahara Reporters by Stunner16(m): 10:59am On Jun 30, 2017|
That blabbermouth doesn't have a fraction of #1b to pay anybody.
|Politics / World Bank Consultant- Economic Growth Under Goodluck Jonathan Was Fake! by Stunner16(m): 6:26pm On Apr 12, 2017|
Economic growth under Goodluck Jonathan was fake – World Bank Consultant
The president of Nigeria Economic Society and a World Bank consultant, Olu Ajakaiye has stated that the economic growth recorded from 2010 to 2014, under the leadership of Goodluck Jonathan, was fictitious in nature.
He further stated that the Muhammadu Buhari-led government and subsequent Nigerian governments must develop the country, even if it means stealing from other countries.
Ajakaiye, who was the keynote speaker at the 2017 edition of The Bullion Lecture organised by the Centre for Financial Journalism, said many first world nations have stolen their way to development.
Ajakaiye said the government must not leave development for the markets to handle, but combine all instruments, positions, variables and policies to drive growth and development.
“Let us therefore not be under any illusion and say the market will do it. They have to make sure they provide the market, whatever it takes, including stealing from other countries,” he said.
“The developed systems that we have now were as a result of resources taken from here, and they are ahead. Their government didn’t say we would be nice guys, we would not go and steal.
“They carried our people, young people, valuable people, and they now established the first world.”
Ajakaiye dissected Buhari’s economic recovery and growth plan (ERGP), and applauded it as a good plan, if properly implemented and funded according to targets.
The development economics specialist said the ERGP has set out 21 clear programmes, with 60 strategies and 365 key activities, which has been assigned to lead agencies across the public and private sectors.
He said N75.03 trillion will be needed to implement the plan, which runs from 2017 to 2020.
“When the economy was growing in a fictitious way — I regarded the growth of 2010 to 2014 as fictitious. Why is it fictitious, it is growth that is driven by government just deploying oil revenue into the economy.
“The structure remained dis-articulated and we are actually deceiving ourselves in a very interesting way by saying the economy leaped-frog, we have now got to a stage where we are arrived, because in advanced countries, service sector is now dominant.
“They call it tertiarisation of the economy. Our economy was prematurely tertiarised, and this was the harbinger of poverty.
“I always tell people, when you go to Europe where their economy is already tertiarised, do you see anybody running after you in traffic to sell you recharge card? Do you see anybody hanging pure water in front of you? Do you see people running 140? That is our tertiarised service sector.”
He said government must pave the way for private sector players to fund the economic recovery and growth plan.
Other panelists who spoke on the ERGP include Ibim Semenitari, former information and communications commissioner in Rivers state, Biodun Adedipe, a financial consultant, Bukar Kyari, chairman of the Nigeria Economic Summit Group.
They all called on the federal government to stay focused on the implementation of ERGP and not be distracted by the coming elections.
|Crime / Re: Xenophobia: Protesters Vandalize MTN Abuja Office by Stunner16(m): 4:19pm On Feb 23, 2017|
You make a good point! But we can easily chase them away, we have many rich Nigerians who can buy up whatever is left of the companies and build it back up.
Jobs and revenue will be lost, yes
It will take time to rebuild, yes
If you ask me, a good price to pay for standing up and defending our own when the need arose! It could be anyone, anywhere.
This is not the first time this incidence has occurred, and I haven't seen any reasonable response to the attacks from the S.A government.
|Politics / Re: Osinbajo Signs Seven Bills Into Law As Acting President by Stunner16(m): 7:25pm On Feb 18, 2017|
Stop saying what you do not know!
He has always been in charge of the economy from day one, get your facts straight.
|Politics / Re: Oil Exploration In Bauchi Reaches Advanced Stage (Photos) by Stunner16(m): 2:43pm On Feb 12, 2017|
In order to diversify away from oil, we need oil to do that.
Unless you and your family are willing to borrow Nigeria at least $1 trillion to diversify with.
|Politics / Re: Between Former Nnpc GMD And Sanusi Lamido by Stunner16(m): 6:49am On Feb 11, 2017|
On the issue of US$49.8 billion or 76% of total national liftings and the alleged unremitted funds, we would like to clarify that this represents the proceeds from Royalty and Petroleum Profit Tax liftings. These, as I stated earlier, are remitted to the Department of Petroleum Resources (DPR) and the Federal Inland Revenue Service (FIRS) which are statutorily empowered to collect and remit same into the Federation Account.
For the benefits of those who may not be aware of the workings of the industry, it is imperative to state that the CBN, NNPC, FIRS and DPR meet regularly to reconcile liftings, sales and remittance of proceeds. Therefore, the data presented are jointly reconciled by CBN, NNPC, FIRS, and DPR.
The CBN further alleged that NNPC owes the Federal Government another N22bn in unpaid levies to the National Export Supervisory Scheme (NESS). It must also be noted that the levies under the NESS are paid to third party inspectors based on services rendered to the Federal Government. Payment to the NESS is update as per value of work done.
The current position is that NNPC has paid a total of $114.78 million from inception of NESS in 2009 up to October 2013 as against the total budget of $117.08 million for the same period. These payments have been reconciled with the CBN, who are again the custodians of the NESS account that is operated on a draw-down basis by the CBN.
Ladies and gentlemen, it is NNPC’s position always that in carrying out our statutory duties we will continue to maintain the highest level of transparency and accountability. Please be assured that NNPC remains available at all times to provide clarifications on these issues or any other matter relating to our responsibility to the Federation and the Nigerian people.
|Politics / Between Former Nnpc GMD And Sanusi Lamido by Stunner16(m): 6:35am On Feb 11, 2017|
Sanusi Lacks Understanding Of How Revenues From Crude Oil Are Remitted To Federation Account, Says NNPC GMD
BEVERLY HILLS, CA, December 13, (THEWILL) – The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu Friday faulted the claim by the CBN Governor, Mr. Lamido Sanusi that the NNPC has failed to remit the sum of $49.8b from the sale of crude oil saying his claim is borne out of lack of understanding of how revenue from crude oil sale are remitted into the federation account.
The GMD in a press conference addressed at the Protea Hotel Asokoro Abuja, insisted that the NNPC is not in the business of withholding proceeds of crude oil sales due to the federation account or any other statutory remittances
The full text of the press conference below:
As you are well aware, it is not in our character to join issues or trade blames with other agencies of government. But considering the high level of publicity that the recent letter from the Governor of the Central Bank of Nigeria (CBN) to the President has generated, and the erroneous impression it has created among Nigerians. It has become necessary to set the records straight.
The statement credited to the CBN Governor that NNPC has failed to remit the sum of $49.8bn representing 76% of total national oil receipts is borne out of lack of understanding of how revenues from crude oil sales are remitted into the Federation Account. I will therefore explain the process and put the figures in perspective in order for you to understand and let the world know that NNPC is not in the business of withholding any crude oil receipts due the Federation Account or any other statutory remittances.
All NNPC crude oil liftings is made up of the following:
1. Equity Crude
2. Royalty Oil
3. Tax Oil
4. Volume for Third Party Financing, and
5. NPDC equity volume.
It is important to stress that remittances of proceeds from the above liftings are made according to statutory and production arrangements. Accordingly, proceeds from Equity crude is paid by NNPC into the Federation Account which is held by the Central Bank of Nigeria.
Proceeds from Royalty oil is paid to Department of Petroleum Resources, DPR, whose designated account is managed by the same CBN.
Similarly, the proceeds from Tax Oil or Petroleum Profit Tax lifted by NNPC is paid directly into the Federal Inland Revenue Service, (FIRS) account also managed by the CBN.
In the same vein, Third Party Finance and Trial Marketing volume are paid into designated Escrow accounts, while NPDC equity proceeds are remitted to NPDC account.
Ladies and Gentlemen, it should now be clear to all that NNPC is by statutory requirement is responsible for direct remittances of only one stream of liftings, namely Equity Crude.
Analysis of the figures is as follows;
The CBN letter claims that for the period 1st Jan 2012 to 31st July 2013, total National crude oil liftings was 1.287 billion barrels. Our records show that the total national crude lifting for the same period was actually higher at 1.330 billion barrels. Furthermore, total NNPC liftings during the same period was again higher at 618.552 million barrels as against the 594.024 million barrels stated by CBN.
We further wish to state that the proceeds from the total NNPC liftings comprising Federation Equity, Royalty Oil , Tax Oil, Volume for Third Party Finance, NPDC equity and volume for Trial Marketing Period amount to US$67.12bn as against the $65.33bn that the CBN stated. At this point, we wish to categorically state that all the proceeds amounting to $67.12bn have been remitted as statutorily required.
NNPC remitted its portion which is $18.48bn into the Federation Account being the total proceeds from Equity Crude and gas sales. This represents 27.5% of total proceeds of $67.12bn as against the 24% declared by CBN.
|Business / MMM Nigeria Issues New Statement by Stunner16(m): 9:43am On Feb 10, 2017|
The online financial scheme, MMM Nigeria, has issued a new statement to Nigerians and participants following the suspected crash of the online money lending scheme.
Recall that the money lending scheme had in December instituted a new order as it froze all activated accounts for the period of one month amidst rumors that it had shut down. The scheme however returned a day before its set date but instituted a new order which limited the daily pay out to participants.
Following the new implemented directive, a top MMM Guider in the country, Chuddy Ugorji was reported to have fled the country for the Philippines along with his wife.
Coming days after, the online financial scheme has in a new statement to participants on its website, disclosed that its system will return to the normal operation thereby lifting all limits for participants.
The statement reads:
MMM Nigeria lifts all the limits for Mavro, acquired in 2017. So, MMM Nigeria is coming back to normal. And now the members can actively develop the Community and create new requests to provide help. For these requests orders will soon arrive, and after Mavro’s confirmation it will be possible to withdraw these Mavro without any restrictions or limits! Only Mavros acquired in 2016 remain under restriction. But we are actively working on new measures to make it possible for the members to withdraw Mavro-2016 in a larger amount without undermining the sustainability of the Community.
In the folder (see the link below) we have collected the screenshots of Personal Offices of members who received orders for their GH requests:
Spread the screenshots via chats, social media and messengers. Let everyone know that MMM Nigeria is working. Every Nigerian should be aware that MMM is functioning well. It is very important!
Now everything depends on you, on your activity as members and guiders. MMM offers the people a platform for help exchange. And the members should turn this idea of mutual help into reality. So, now it is time to create PH requests (amount does not matter, try to provide help for small amount and you will see that MMM is working)! It is time to invite new people to MMM! These days we have to be more active than ever before. It is high time to work hard! We have to show everyone the real power of MMM ideas and values.
MMM Nigeria will overcome!
Together We Change the World!
|Politics / Re: Buhari's Medical Status: Fayose Reacts, Sends Strong Message To Presidency by Stunner16(m): 11:32pm On Feb 09, 2017|
Qmerit:Rotf... Niqquer you just made my night!
|Politics / Re: Osinbajo, Ngige & Kachikwu Addressing Protesting NLC & TUC Members Today (Photos by Stunner16(m): 4:21pm On Feb 09, 2017|
Yeye de smell
Man wey rich pass your entire generation put together!
|Politics / Planned Nationwide Protest: What Have You Done For Your Country by Stunner16(m): 12:54pm On Jan 30, 2017|
Pause, ask yourself what you have done for your country.
Funny how these Musicians who promote foreign designers every chance they get are spearheading a campaign to protest the recession in our dear country.
Same musicians who spend millions to shoot videos outside Nigeria and employ the services of foreign video vixens.
Same musicians that spend tons of dollars to shop outside Nigeria and then show you how much dollars they spent and the expensive foreign designs they wear.
It's given, the fall in oil prices led majorly to the present economic downturn
But if we had things to fall back on, say agriculture, manufacturing companies, or maybe if we exported our locally made wears, we would have had enough foreign reserve to cushion the effect of the reduction of oil prices which has brought us to this state.
What have you done for your country?
While you prepare and whilst marching against all arms of government and its policies
Know as a matter of fact, you are part of the problem!
Do some soul searching
Think of how to help your country, make the patriotic choice
|TV/Movies / Re: Big Brother Naija: Lai Mohammed Directs NBC To Investigate Location Controversy by Stunner16(m): 8:41pm On Jan 24, 2017|
YOU WILL LIVE LONG.... ISE!!
|Crime / Re: Mother Kidnapped In Front Of Her Daughters In Festac, Lagos by Stunner16(m): 12:23pm On Dec 21, 2016|
Upraz:The woman is my friends mother, they have reported the case to the police and nothing seems to be happening.
Anybody with any relevant information please call 08037210030
|Politics / Re: Foreign Reserves Hit $25bn – First Time In Five Months by Stunner16(m): 9:16pm On Dec 17, 2016|
Chienex24:The difference is an amount that if you continue the way you are going, you may never be able to make in your entire lifetime.
|Politics / Re: APC Rally For Rivers Rerun Election (Live Photos) by Stunner16(m): 3:46pm On Dec 08, 2016|
Oliveronline:My dear friend, you didn't have to respond to people blinded by hate.
The pictures they put up are clearly pics of people entering the stadium, any discerning, unbiased and hate free individual could see that.
|Politics / Re: FG Revenue Generating Agencies Loot 90% Cash by Stunner16(m): 12:55pm On Nov 18, 2016|
seunmsg:They are blind and therefore cannot see that! They wreak of insensibility
|Politics / Re: Nigerian Military Delegates Inspect Assorted Weapons & Rifles In Pakistan. PICS by Stunner16(m): 9:05pm On Nov 17, 2016|
ChangeIsCostant:Arms scandal loading in your church or in your family!
Abi na your pastor dem send go buy arms
|Politics / Re: Why Buhari Alone Is To Blame For Nigeria's Recession, & The Way Forward by Stunner16(m): 2:15pm On Nov 05, 2016|
absool:Sharap young man!
It started well before 1983, goan get your facts right
|Politics / Re: Amaechi Driving Himself On The Street Of Abuja Today, Nigerians React by Stunner16(m): 7:33pm On Oct 31, 2016|
IykeChukz:Fish! He did every time, and even drove power bike round the city of Port Harcourt.
Don't open your mouth and say stuff you don't know!
|Politics / Re: MEND breaks silence, tackles ‘Niger Delta Avengers’ - Premium Times by Stunner16(m): 10:00pm On May 22, 2016|
AustineE1:It's not only Lai Mohammed, it must be from your father's office. Olodo oshi
|Politics / Re: Anxiety Grips PDP Chieftains Over Buhari’s Extradition Plan by Stunner16(m): 5:49pm On May 01, 2016|
youngeagle:He said he will, he wasn't fighting poo, if he had won he wouldn't have done Nada either, so take a chill pill and let APC fight corruption after all that was the major area of there campaign
15 Likes 1 Share
|Phones / Re: Airtel Has Introduced N100 For 1GB Weekend Data Plan by Stunner16(m): 1:07pm On Nov 12, 2015|
searching4loove:Brov wusup! How do we subscribe to this plan
|Phones / Re: Good News! Airtel Has Introduced #100 For 1gb Weekend Data Plan by Stunner16(m): 3:13pm On Nov 08, 2015|
This is why I have all the networks, pls does it work on blackberry
|Politics / Re: Keyamo Replies Ben Murray-Bruce: We Cant Forget PDP 16 Year Misrule In 5 Months by Stunner16(m): 3:57pm On Nov 02, 2015|
deadZONE:Don't say what you don't know! Go to Rivers State and see the change Amaechi brought about! That change is now going to happen at the Federal level..
|Politics / Re: Federal Allocation: Presidency Warns Fayose by Stunner16(m): 12:51pm On Nov 02, 2015|
hinwazaka:I must hand this to you, you don't have the slightest idea of what a democracy is... FYI, lobbying is part o democracy if that is the mindboggling corruprion that is currently going on under this government, I just have to tell you to take a back seat and do some reading to furnish your ill mind. Mind you, the Pdp is not so big anymore, in other words its no longer the largest political party in Africa
|Politics / Re: Ministerial Screening: Fresh Plot To Stop Amaechi Thickens by Stunner16(m): 8:04am On Oct 24, 2015|
Rotflmfao... Olodo! Your control of the English language has given you away! You know nothing! Caman gerrarahia mehn, poo!
|Politics / Re: Photos From The Visit Of Aisha Buhari To The Awolowo's Residence by Stunner16(m): 12:33pm On Oct 23, 2015|
liberty300:. Olodo! Its better for the Presidents wife to be a picture govt than go about insluting herself and the highly exalted position of First Lady and Nigeria as a whole! Aisha over Patience any day any time, any where!
|Politics / Re: Governor El-rufai Eating Sugarcane (pic) by Stunner16(m): 10:55am On Oct 23, 2015|
[quote author=himkers post=39259531]midget-rufai
short man with no brains guy the whole of ur immediate family brain put together fit nor reach dah midget own
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