₦airaland Forum

During our administration, there was no transparency and accountability in the oil and gas industry. There was a time we were handed a Ghana-must-go memo on the oil and gas and asked by the president for our input and I refused to support it

Most of our problems started during the Obasanjo regime in 1999. I find it hypocritical that Nigerians will accuse GEJ for all the problems this country is facing.

Sometimes I don't understand if we Nigerians suffer from a collective amnesia. It is common knowledge that the NNPC has always been inefficient and corrupt, even long before the advent of the administration of GEJ. Why is everybody acting like the whole problem started when GEJ became president?
The NNPC act gave the corporation arbitrary powers to spend beyond its control. This is not practiced in most advanced countries that are oil producers. Rather than call for solutions to stop the blatant corruption and inefficiency perpetuated by the NNPC, some people are calling for GEJ's head. What has GEJ got to do with it? The petroleum industry bill has been modified twice and sent to the NASS but it has always been shut down by strong interests. The bill proposes various solutions to curb the mismanagement and inefficiency in the oil and gas sector. Why aren't nigerians protesting and calling for the bill to be passed?
If Buhari's administration does not pass the bill within the next four years, I'm sorry to say that the corruption and mismanagement in the oil sector will continue, and we will continue to complain.

Thats a sexy police woman

Impressive!

modath:
there is an estate currently under construction named "RIVER PARK" on airport rd Abuja that is rumoured to be owned by our our lord emperor and empress, if the rumour is proven to be the truth, at least $5bn of the stolen NNPC funds is right there.

This is how you people bear false witness against another due to ignorance.

By the way, the NNPC should be scrapped henceforth. The organisation is utterly inefficient and corrupt. Jesus!!!

Obiagelli:
Page 105 No supporting documents were provided for the
$0.25billion claimed as NPA Charges

Yes. There is corruption in the NNPC but that doesn't mean that Sanusi was right. Sanusi LIED. NO MONEY WAS MISSING!

Obiagelli:
Yes i read non cooperation from the NNPC with PWC, i read cases of no invoice, i read fraudulent kerosene subsidy payment.

I posted a screenshot up there.

MizMyColi:
Please what's the link to download the document?

http://serving.thisdaylive.com/0BEF99D6-ACF5-4E2C-9779-8FA02BA3FCD4/assets/FULL%20REPORT%20FORENSIC%20AUDIT%20OF%20NNPC.pdf

Do you read at all?

NNPC generated 69 billion dollars
They spent 16 billion dollars on operational cost, expenses and subsidies

They remitted 50 billion dollars to FAAC

only two billion dollars was not remitted

https://s14.postimg.org/oo75pk9dd/Pages_from_Full_report_20billion_dollars_missin.jpg

I don't understand why some people are calling for GEJs head on this thread? What did he do wrong?

Abokki's continue misbehaving.