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Politics › Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack(op): 2:38pm On Jan 29, 2024

lonecatt:
Can you give details what the total repayment loan will be after calculating the interest .

This is the exact same format as P&ID scam. Nigerians the only set of people that will sell out their nation to make a quick buck.

6 Likes 1 Share

Politics › Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack(op): 2:31pm On Jan 29, 2024

Some people about to secure their generation for the next billion years.

4 Likes 1 Share

Politics › Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack(op): 2:29pm On Jan 29, 2024

MadamExcellency:
This is also a money laundering scheme.

1 Like

Politics › Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack(op): 2:26pm On Jan 29, 2024

Why was the SPV incorporated in Bahamas known as haven for money laundering. And not a country like Netherlands, Germany, Norway or Sweden with transparent and strict financial requirements.
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Politics › Re: $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack(op): 2:23pm On Jan 29, 2024

Who are the faces behind the SPV incorporated in Bahamas a haven for financial secrecy that stand to gain $7 billion.

7 Likes

Politics › $3.3B Loan:Shell Company Created In Bahamas By Alpha Beta Mafia To Loot $7B by swaggerjack(op): 2:10pm On Jan 29, 2024*

In what appears to be a landmark economic decision of the Bola Tinubu-led administration, the Federal Government last year, precisely on August 16, 2023 through the Nigeria National Petroleum Company (NNPC) secured a $3.3 billion emergency crude repayment loan, which according to the NNPC, was to help give support to the Naira and stabilize the Foreign Exchange market.

The curious thing about this transaction is that up till now, the Federal Government continues to keep mum about it, and the only information available to the public on the mega deal is coming only through unofficial sources from the NNPC.

The deal is supposed to be a crude-for-cash loan arranged by the African Export-Import Bank.

According to information available, a Special Purpose Vehicle called Project Gazelle Funding Limited is driving the deal, and it was incorporated in the Bahamas.

The SPV is the borrower while the NNPC is the sponsor, with an agreement to pay with crude oil to the SPV in order to liquidate the loan at an interest rate that is a little over 12 per cent.

What is even more confounding about this deal is why the Federal Government would register a company in the Bahamas, knowing full well the recent scandal of the Paradise Papers that involved that country.

Curiously also, Nigeria’s current Barrels Produced Daily (BPD) is 1.38 million, and according to the Project Gazelle deal, Nigeria is to supply 90,000 Barrels of its daily production, starting from 2024 till it is up to 164.25 million barrels for the repayment of the loan.

Now, this is where the details get disturbing because Nigeria’s benchmark for the sale of crude per barrel in 2024 is $77.96. A simple multiplication of that figure by 164.25 will give us a whooping $12bn.

It is on this note that we are calling on the Federal Government to speak up on this shady deal.

It is inconceivable that the Federal Government will lead the country to take a loan of $3.3b with an interest rate that is not more than 12 per cent, but with estimated repayment amounting to $12bn.

Is Nigeria is now under the state capture of the Alpha Beta Mafia:

CBN Governor- Olayemi Cardoso

Finance Minister - Wale Edun

Blue and Marine Minister - Adegboyega Oyetola

5 Likes 1 Share

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 5:34pm On Jan 28, 2024

Seunpapa65:
Every Nigerian is a criminal
If corruption favors them the call it blessing
But if e no favor them the will remember it's corruption
Even you that is writing this na cause you never get chance

Fake news

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 5:50pm On Jan 14, 2024

Iamanoited:
IT'S BARTER.

Politics › Re: Political Mafias Captured Nigeria’s Election, Government -Attahiru Jega by swaggerjack: 5:49pm On Jan 14, 2024

Lovemeharder:

Politics › Re: Political Mafias Captured Nigeria’s Election, Government -Attahiru Jega by swaggerjack: 9:09am On Dec 18, 2023

OmoFiditi:
I will be leaving the country soon as a medical professional.

Nigerians can go ahead and kill themselves.

Poor Nigerians are the worst voters. I have stopped helping them.

Na me and my family and relatives I dey face now.

Politics › Re: 99.9% Households Yet To Receive FG’s Cash Transfer – World Bank by swaggerjack: 9:08am On Dec 18, 2023

Josywhyte:
Tinubu don people shege sote world bank sef para for am. See how our leaders have made our country a laughing stock...useless party and president

Politics › Re: Political Mafias Captured Nigeria’s Election, Government -Attahiru Jega by swaggerjack: 7:40am On Dec 18, 2023

Nigeria under control of drug cartel mafia boss.

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 7:31am On Dec 18, 2023

World Bank raising alarm about $800 million borrowed for cash transfer yet 99.9% of intended beneficiaries yet to receive the funds.

Politics › Re: 99.9% Households Yet To Receive FG’s Cash Transfer – World Bank by swaggerjack: 5:36pm On Dec 17, 2023

Savedday2:
Money wey don enter voice mail!

11 Likes

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 2:00pm On Dec 17, 2023

The corrupt military and civilian leaders protected by a corrupt judiciary.

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 12:55pm On Dec 17, 2023

Paystack:
Ask South west And Northerners.

Home of criminal rulers And thieves.

Drug dealers and skull miners

Is it only South West and Northerners that produce corrupt leaders and drug dealers? Why single out these two when fantastical corruption is endemic throughout the 36 states.

1 Like

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 1:42am On Dec 17, 2023

SadiqBabaSani:
Nigeria is not a civilization, we still behave like those of the stone age

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 10:54pm On Dec 16, 2023

Pray for the nation.
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Righteousness2

Politics › Re: Ex-Delta State Governor, James Ibori Shares Major Throwback Picture by swaggerjack: 3:15pm On Dec 16, 2023

Association of the fantastically corrupt that plundered the nation and made it a disgrace among the comity of nations.

3 Likes

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 3:14pm On Dec 16, 2023

Frontpage

Sports › Re: Rivellino: Osimhen Lacks The Technical Quality To Be Called A Champion. by swaggerjack: 2:37pm On Dec 16, 2023

Amotolongbo:
He won World Cup with his mouth.

Osimhen will still reply him like he did to Victor Ikpeba calling him “Adiye funfun”, the proverbial white fowl that doesn’t know how to comport itself in the midst of the smaller fowls

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 2:35pm On Dec 16, 2023

wunmi590:

Thank you for the Honourable mention.

Nigeria is not only corrupt, it is the epicentre of corruption is in the world..

Nigeria has made corruption legal to the extent of even giving birth to corrupt people, it has so much weight on Nigeria politics to the extent that, when you see a kid growing up these days, they will never tell you they want to become a doctor, pilot, accountant l or an engineer as we used to say when we're were kind, but now those kids will tell you I want to become a politician...

What does that implies, they are sounding it to your ear that, that is where the money is, and we must all eat from the national cake...

Nigeria can only be redeemed by the people who have the fear of God and ready to work...

Politics › Re: Nigeria’s Executive, Legislature, Judiciary Highly Corrupt – ICPC Survey by swaggerjack: 12:19pm On Dec 16, 2023

Tjra:
Well, Peter Obi lost because he is a crook who has a criminal agenda. How can a thief clean a corrupt system?

God knew his plans which was why he struggled to finish 3rd.

1 Like

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 12:16pm On Dec 16, 2023

[quote author=Tjra post=127509576][/quote]

1 Like

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 9:40am On Dec 16, 2023

Adeoye11:
No , but we are fantastically and mentally corrupt.

Politics › Re: Nigeria’s Executive, Legislature, Judiciary Highly Corrupt – ICPC Survey by swaggerjack: 9:38am On Dec 16, 2023

Ezmans:
And the grand master of corruption is at the top

Grandmaster of corruption and occultism.

1 Like

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 9:33am On Dec 16, 2023

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Bobloco

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 9:31am On Dec 16, 2023

Every strata

Politics › Re: Is Nigeria The Most Corrupt Civilization That Has Ever Existed? by swaggerjack(op): 9:26am On Dec 16, 2023

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