LordVarys:
Just 41 out of 18k, that's just 0.23% , probably the lowest among the major federal universities, well Uniport, Unilag et al are party schools, serious students go to UI,UNN,OAU

Go UNIPORT come back come talk this thing...

UNIPORT na party school I gree... But by the time u r frustrated senseless, u go know how far

Are you looking for a big business opportunity? Do you want to create another stream of income so you do not depend on salary alone or waiting for federal arrears?

Join the Fahrenheit Business Group in a business session titled THE RISE OF THE ENTREPRENEUR. This event would take place at the comfortable CHOPPERS FAST FOOD, EKWULOBIA OPPOSITE NGOZI FILLING STATE BEFORE AGUATA LOCAL GOVT. SECRETARIAT ANAMBRA STATE.
Date: Sunday 14th June, 2015
Time: 1.30pm prompt.(no African man time)
Guest Speaker : A successful Engineer and Successful Entrepreneur all the way from Port-Harcourt. We look forward to seeing you there!

Call me on #08098290687 or #07031290687 for more information

Sexkillz was on point with post. I will also add my own opinion and view.

Firstly the major reason many marriages fail today is because the foundation was not based on God. (Call me religious, na ur Kermit be that). Marriage is not a contract as the world has made it out to be rather it's a beautiful thing to happen to two people (male and female ooo).

Someone mentioned there's no such thing as true love. Another fallacy the world has led you to believe. Marriage as beautiful as it is would have stormy moments, and it's in moments like this that the foundation and the character of the partners would be called to play and true love would show itself.

I am not married nor am I saying am holier than thou, but if intending couples (myself included) genuinely sit down and seek God's face before going on to marry, half of the marriage problems we have today would be avoided.

As I always say, if you cannot cope with the bad side of your partner, don't bother because once you tie the knot that's when true character is shown to you in full.

I am going to be among the 30% who are and have been making their marriages work because marriage is such a beautiful concept and the idea of having kids of my own, growing old with the person who puts a smile on my frowny face and having God at the center of it all, is enough push for me

Stannis na bastid!!!

the last 5 mins of Episode 9, that's what we are talking abt...

My fellow network marketers, make una easy ooo...

Network Marketing is a great business model and it's a stone cold fact that it's a better way.

forlahkhe:

My brother, wot shd I av done? There's a yoruba saying dt "olowo sehun gbogbo tan".....if I want to sue them then I should av a concrete evidence; mayb voice record or video(wch I don't av) and if @al I charge them to court my brother, na so so adjournment go end d story....abi? By the time d case reach 5yrs for court, won't I back out...hen en, na ds naija you go hear say yanya bomb blast suspect's case is stl in court....mtcheeeew

I understand... Was just too angry. Me personally for cut person balls especially that CMD.

forlahkhe:
Hmm....sorry for ur loss, may God comfort u. I lost my precious mother too tru ds non challant attitudes of Doctors. My mother had intestinal obstruction bt we couldn't afford d bill(#150,000) by a private hosp in ijebu ode so we brought her to lagos hoping to get a better and cheaper service besides my sis is based in lagos. When we got to gbagada general hosp, she was placed in emmergency unit. She had endogastric tube to evacuate her intestinal content. She has not eaten for 4weeks since she bcame sick. She was placed on drip. Later d surgeons came and each person wl com and press her stomach(swollen & painful) and prescribe drip. They later booked her for surgery and demanded #40k(cheaper we tot), they said she shd b transferred to ward B where no relative would slp wt her, those in ward B ar expected to b taken care by d nurses. They wl b d 1 to giv dem food and care of them. Ward B is neater and silent bt wen we transferred mom there we saw dt d reverse was d promise they made. They leave d patients to wallow in pain unattended to. They just giv drugs and change drip and d nurses go bak to their common room to gossip. 3 days before surgery, we were asked to go do scan nd x-ray for mum, they rejected d results of those ones we av with us. What baffles me is dt despited plenty x-ray centres around gbagada hospital, we were instructed to go to mary- land, its either mary land or none. So, we left gbagada in the morning (11am) and on getting to maryland their x-ray machine is faulty. They didi only d scan for us, because of traffic we got back to gbagada @ 7pm; my mummy was in serious pain, she was just crying all through. D only source of strenght my mummy had was d drip which we have removed since morning and when we got back @ night, d nurses ddnt show any concern dt my mum was weak, it was wt pleading they put back her drip for her. Diff. Things happened dt I can't stat explaining now....to cut d story short, d D-day for d surgery came. We were all happy full of hope.( Meanwhile, since they ddnt allow us sleep wt our patients in ward B, I used to go and peep @ my mum in d mid night and I always c her crying in pain with nobody attending to her.) The MD, Dr Orhiafor came and checked on my mum, he asked us to get blood frm blood bank wch we did, we got everytin ready for d surgery. They av worn d green overall for mum for d surgery(10am) and Doc. Orhiafor told Dr sholanke( d surgeon managing mum b4)to step out of d case and he asked Doc. Tunji(TJ) to com in then he went through our file, he sed he won't do d surgery w.out d x-ray result and we told him wot happent; there he took is phone to call the owner of d diagnostics centre and he sed their machine has been repaired. So dr orhiafor asked us to take mummy back to maryland for d x-ray. Immediately mum heard dt, she started crying(orhiafor shouldn't av sed it in her presence) and she bcame cold. We begged and begged that they shd allow us do it @ a near by, they sed NO. Orhiafor said he would come bak for d surgery in 2days time cos d following day is a public holiday and wen my mummy heard dt too, she was crying dt she can't hold d pain for 2more days again. Mum bcame cold and started shivering seriously, I quickly ran to d theatre(there's an office there) to call on d Drs bt sholanke sent me away and TJ was busy playing with a woman. I ran to Orhiafor and he sed" go n call d younger doctors or is it me dt wl now follow u, common get out" I left in tears and disappointment. Wen I got bak, my mum was already gasping(4pm) I ran again to emmergency and pleaded to 1 Doc to follow me and giv her some hope, wen d Doc got there, he just sed"pele o" and he went to nurses common room and was asking y they don't have cold cocacola in their fridge.....when d nurses saw dt my trouble is too much, they gave me an endless list of drip and injection to go and buy @ the pharmacy. I rushed down to buy( I ddnt even collect change) and on getting back they have placed mum on oxygen bt I noticed that they ddnt put on the oxygen & when I told them they shouted @ me and said" when u know all ds y bring ur mother to d hospital". My mother struggled till she later gave up. When she died (8pm)we wanted to take her corpse bt d nurses sed they must take her to mortuary and we wl pay 10k to get her, we had to beg again to get our corpse oo. We ddnt even get death certificate cos d person to stamp has closed. I later learnt dt docs would refer patients to diagnostics centre where they get their own percentage on every money they patient pays. D nurses too said they know dt what the Drs ar doing is nt proper bt they(nurses) can't attend to surgery patients because the Doc wl hold them responsible incase their flup so they are sorry that they watched my mum died

No vex ooo... Wetin u come do after? Cuz for me that hospital and doctor r both dead to me... Imagine the rubbish

The last few minutes of episode 8 where lovely... Was smiling with glee...

As the good old saying goes, when you go on the journey of revenge, dig 2 graves...

Ntoor for Cersei

Sam oh Sam was naughty

Danerys is beginning to be a pant

Sansa will continue being stupid to me until she proves otherwise

joseph1832:
I see, I was referring to Jack Ma and not you. I just need to ask what do you exchange your time for?.

Perfecting my business system whilst still being an employee

joseph1832:
Em sorry to ask you this but how does Jack Ma the founder of Ali Baba define poor?.

I define people as poor when they choose to be stuck in being an employee or self employed person where dey exchange their time for money.

kenonze:
I love ur write up but it lacks respect.

That u made it at youth doesnt make u a better man. God time is the best.
It may take me 50 yrs to achieve my target but the happiness is that am fulfilled.

If u fail to understand economics, not everyone will be rich at same time. Am rich because u are poor.
Finally richness is not by hard work per se but a utilized opportunity

Permit to comment and please know I mean no disrespect to you and your opinion

With respect to your comment, I find it flawed because many of us today are Passing . Over. Opportunities . Repeatedly (POOR).

Read an article today where the owner and founder of Alibaba (Jack Ma) who said and i quote, "If you are poor at 35, you deserve it" and it got me thinking that many of us the youths would rather spend our productive time doing unproductive things from watching football or TV shows or something else rather than reading up on the latest trends in the world, how to solve problems, understand a business idea that has been proffered to them or attend a business class that will be of benefit to them. It's just crazy.

Been guilty of this and I decided a while back when someone opened my eyes to take responsibility for my future and shape it because my parents desires are now my turn offs and the same is likely to happen with my kids.

Case in point, picture this, it was a pride and Joy for our parents to work in manufacturing industries/schools/civil service(NITEL, Former NEPA etc) in those days. However, most of our generation today do not want that. Our desire is for banks, Telecoms companies, oil companies etc. Some say God forbid with thoughts of offers like the ones parents enjoyed.

The offices and companies your children would work or buy over in the next 15-20 years have not been birthed yet. They would also say God forbid to the MTN's, Zenith Banks, etc you crave for today

I have found my own UBER, my own oil well and am ready to share it with all who are interested. The question is, ARE YOU INTERESTED?

SUCCESS LOVES SPEED

Jorussia:
.This is a great news for Nigeria and Nigerians, but it will b a greater news,for Nigeria and Nigerians,if at least, by December 31,2016 all, our local refineries Will be functioning in a minimum of 90% production rate, after d turn around maintenance we Nigerians expect GMB. to start doing in his first 3 months in office.I Just pray GMB will have d courage to on d toes of the CABALS holding dis nation to ransom, in order to satisfy d desires of d Nigerian populace. I believe its high time,we Nigerians come together and support GMB,because if he fails,we all will suffer for it,whether we are Igbo,Yoruba, Hausa, Edo, I jaw etc.

Bros calm down na. How?!!!!

Him no go award contract, den workers go start work, time for materials to reach for work, etc... Den r mighty cabals

Notobs and ANSELNG it haff do.

I am tired of hearing this i wanna cede from here or there.

Am a son of the Oro Nation and I believe if we want to rule Akwa Ibom someday, we need to learn how to play our state's game of politics and stop lamenting (even though it might be true, I dunno) that we are being hated.

As for Donald Duke, awesome gentleman. Would love if Sai Baba can add him to his cabinet irrespective of party lines. Minister of Tourism no go bad sha.

Baddestguyp:
I tried reading noblesse, like the first 20 chapters and it's just one day at a school, nothing happened

Bros press on. U will be amazed

OKNkanu:
Port Harcourt is a tourist’s dream destination. The city has been transformed into a stunning haven for business and tourism. With a wide variety of attractions and historical landmarks, you can spend a month in the ‘Garden city and not get bored.
Port Harcourt is one those places where anyone can feel at home. Even if you are visiting Port Harcourt for the first time, you are not going to miss out of the dramas that the city has to offer you. It offers boundless opportunities for unforgettable experiences for locals and visitors alike.
If you are yet to visit this multicultural city that is flourishing with affluent history and tourist attractions, here are 8 things you notice on your first visit to Port Harcourt:

1. Magnificent architecture and incredible vistas.

Port Harcourt is a city with urban pleasures; it offers a combination of outstanding architecture and incredible
vistas, with natural beauty in an unspoilt coherence. The city has fascinating scenery and it’s beautiful at first sight; it gives you an amazing feeling – the kind that makes you feel like you just entered a place full of everyday fairy tale.

2. City of Hustlers

Everyone wants to have a taste of the quantum petro-dollar that comes out from Rivers state. There is no part of the city that you would not see people struggling to survive and pay off their different bills. This is one city that has a lot of smart people who can cut corners to achieve their goals. They all want to achieve a slice of the next big thing.

3. A Destination for Night Owls.

The night in Port Harcourt is the beginning of another day for the residents; you cannot miss the vibrant and exciting nightlife in the city. A lot of silent places in the daytime suddenly come alive with music and activities that drag night owls from their homes to hubs, joints and hotels.

4. Luxury Lifestyle

Port Harcourt lifestyle is themed by entertainment, expensive houses and cars, relaxation and rejuvenation. Everyone living in the city wishes for their own piece of the oil money to build their own paradise. Port Harcourt is a dynamic business domain and a well laid back city to enjoy life. The intimidation of wealth can easily be seen around and the various classes of people can be identified within seconds.

5. Port Harcourt is not as expensive as they say

The truth is things are not really cheap but that does not mean that Port Harcourt is notoriously expensive as
rumours may have. You would notice that you can still get a lot of affordable things if you really know where to go for them.

6. The city is well laid-back

A lot of people coming here the first time may expect to find the craziness of rushing for buses or cabs. The commuters are calm and enter their choice of transport system in an
orderly manner. This trait does not end only with its transportation but in every aspect of lifestyle of the people.
We bet you that some Lagosians who are fond of rushing into buses would find this strange.

7. The Traffic Gridlock.

You just cannot miss the terrible traffic gridlock of this city. Some people may prefer Lagos when it comes to traffic gridlock. The reason is they can easily escape it with the
Lagos Bus Rapid Transit System or even the new train system that is functioning now. Not in Port Harcourt. You just have to prepare your mind to be patient and literally move a little slower than a snail especially during the rush hours; morning and evening.

8. Transportation drivers are daredevils.

Impatience is the watchword for those on the road, apart from the market where everywhere looks rowdy; the major roads of Port Harcourt are filled with daredevils who have no regards to orderliness. You would notice cars comfortably climbing the pavements to run away from any looming traffic.

1, 2, 3, 5, 6 na big fat lie and the empirical evidence is that i stay here.

Port Harcourt ke.... Talk abt 4,7,8 and Bole and Fish den u r talking of PH... Laid back kor, lie down ni

Gosh i have missed this thread and family.... I see most of us r reeling from that mistake called a movie

Anyways missed ya all... I miss Samurai X though...

Tot u all wld be talking abt the new Naruto Manga kishi started.

Oh and for noblesse readers seems the mangaka is back as there was a new issue earlier this week.


Who reads feng-shen-ji?

Mogidi:
Re-painting the house for another stooge to occupy, the Tinubu story continues in Lagos, what a shame.

By 2019 Lagosians would have permanently leased that house to the Tinubus.
2019 sees senator Remi Tinubu occupying same abode, the saga continues.

Tinubu would rank as the longest serving governor in Nigeria, ruling Lagos through proxies and stooges since 1999.

Guess you haven't heard my stooge theory....

The puppeteer controlling the stooge has a great vision and his stooge agrees and has been implementing them... And as we can see Eko Oni Baje... So if the next stooge is keying into the vision of the puppeteer then by all means, let the stooging continue. QED

WHere is the EMPIRICAL EVIDENCE to prove this?

“Friends and countrymen; I beseech you by the mercies of God that ye do whatsoever it is within thine powers to prevent a frolic between the yam and the goat. For, as surely as the rising and setting of the sun, such an enterprise yieldeth only corruption, nay a sad ending for the yam” – Goodluck The Jonathan, First of His Name

Finally, we get a chance to see what PwC, the auditors, saw when they looked into the black hole that is NNPC. The full report is here (200 pages). It is not pretty.

I am not an oil and gas expert and much of the industry and how it works confuses me. But the PwC report is written in English so let’s try to parse it.

Remember The King?

A quick recap of what started all of this – King Mohammed Sanusi II, in his former life as SLS, the Central Bank Governor, told the nation that, based on what he had calculated, NNPC sold $67bn worth of crude in the period from January 2012 to July 2013. He then said that as custodian of the nation’s purse, he had only received $47bn of this amount. In other words, up to $20bn of the money was not accounted for.

Contrary to popular perception, SLS never did say the money had been stolen and he certainly didn’t name any names in his 300 page report submitted to the National Assembly. His main issue at the time was that, as CBN Governor, his job was to manage the exchange rate and the nation’s reserves. If there was $20bn out there in the wild, then his job was being made a lot harder than it needed to be.

He identified 3 ways in which the country was losing money as follows

1. Strategic Partnership Agreements – In 2011, as part of the efforts to promote local content, Shell sold its shares in 5 oil fields where NNPC was the majority shareholder. Shell had been the operator of these oil wells but NNPC awarded the operator rights to its subsidiary NPDC i.e. it allowed Shell to sell its shares but not the rights to operate them as it previously did.

NPDC then signed an ‘agreement’ worth almost $7bn with Seven Energy (3 fields) and Atlantic Energy (2 fields) for them to operate the fields. These companies of course had no clue how to operate the oil fields – Atlantic was registered as a company the day before it signed the agreement – so they sub-contracted the work to other companies. Seven Energy’s contract entitled it to 10% of the profits from the 3 fields while Atlantic was entitled to 30% of profits in its 2 fields.

SLS complaint was that these 2 companies were pointless and were just collecting money – that should have accrued to Nigeria – for doing nothing. Why didn’t NPDC just sub-contract the work by itself? The 2 companies also did not pay any taxes or royalties whatsoever to Nigeria.

2. Kerosene Subsidies – This one is fairly straightforward to understand. SLS did an analysis of kerosene prices in all 36 states of the federation in his report and found that prices ranged from N170 to N270 per litre.

Importers bring in kerosene and sell it to government at N140/litre. The government then sells it to local retailers at N40/litre with the understanding that they sell it to the ‘common man’ at N50/litre i.e government subsidises it by N100/litre. The retailers take the kerosene and sell it for what they like as stated above.

There is no sweeter corruption than this one. According to SLS, Nigeria was spending $100m per month on this pointless exercise. Not a single Nigerian anywhere bought kerosene for the ‘official’ N50/litre.

3. Swaps – Even with all the money going into NNPC, like a true apa, it is always broke. Due to the semi-dead refineries we have, NNPC of course has to import refined products (petrol and kerosene) but it often doesn’t have the money to pay importers in cash. So what it does it tell importers to import the refined products, then calculates the value of that product in crude oil and pays the importers with crude oil. This is how human beings traded before money was invented – by barter.

The problem here is that SLS said he had no idea how the amount of crude to be swapped for refined products was calculated. All he was able to find was that at one point, NNPC was ‘swapping’ 200,000 barrels of crude per day. That is a lot of crude. Did Nigeria get that much value in refined products? Who knows?

Enter PwC

The first thing to note is that PwC was asked to investigate all money due to the federation from crude sales to see what had been remitted and what, if any, was outstanding. It did NOT investigate the swaps or the Strategic Partnership Agreements as those were not part of its remit.

So what did it find? That the total revenues for the period in question were $69bn and not $67bn as stated by SLS. It had also remitted $50.8bn and not $47bn as initially thought. So, there was still a gap of roughly $20bn to be explained as before.

https://aguntasolo.files./2015/04/screen-shot-2015-04-28-at-23-01-42.png?w=984&h=619

Somehow NNPC managed to overpay $740m to the federation account if we accept its own numbers. As we shall see; NNPC cannot count, it cannot buy, it cannot sell.

Based on this, we can conclude that ‘no money is missing’ and close the case. Afterall, the numbers have been made to add up one way or the other – the $20bn that we thought was missing has been accounted for wan kain, as the outgoing President is wont to say.

But who or what gives NNPC the right to withhold nearly 30% of the money it receives on behalf of Nigeria and then spend it as it wishes? Here we have a goat locked in a room alone with a yam and no one to supervise what’s going on.

PwC’s opinion is that this practice of withholding money and then spending as it sees fit is highly dubious and that the NNPC act needs a legal opinion to determine whether it has the right to do this. What stops NNPC (the goat) from withholding 50% of revenues (the yam) and then telling us later that it spent it on one thing or the other? Based on this, nothing.

Kerosene Subsidy

From the chart above, we can see that the biggest expense in the accounting of the ‘missing’ $20bn is the petrol and kerosene subsidy at $8.7bn. Of this amount, NNPC claimed to have spent $3.38bn on kerosene subsidy. Yet, whether or not subsidy should have been paid was doubtful in the first place. Here’s the gist of what happened

https://aguntasolo.files./2015/04/screen-shot-2015-04-28-at-23-18-47.png?w=984

In other words – anyhowness. Between President Yar’Adua who cancelled the subsidy but did not gazette it (perhaps because he was trying to avoid a public outcry) and President Jonathan who ‘unlooked’ Yar’Adua’s cancellation, NNPC stuck its fingers in its ears and continued paying the subsidy. A lot of magic happened as a result.

https://aguntasolo.files./2015/04/screen-shot-2015-04-28-at-23-52-59.png?w=984&h=581

First, PwC found $40m of kerosene subsidy payments were duplicated (see above). That is, subsidy was paid to the same marketer twice or more for the exact same kerosene. This was apparently a ‘mistake’. But even if we accept this, there’s more.

https://aguntasolo.files./2015/04/screen-shot-2015-04-28-at-23-37-36.png?w=984

The table above shows how NNPC is supposed to calculate subsidy on kerosene. That N34.51 is what it costs to get it to Nigeria. In other words, NNPC is supposed to sell it to marketers at that price (N34.51) and the marketers then sell to consumers at N50 – the difference of N15.49 being used to cover all their costs and a profit margin.

Instead, NNPC sells the kerosene to marketers at N40.90 i.e. taking some of the profit margin for itself. Why it does this, is a mystery. Nevertheless, when NNPC was calculating subsidy to be deducted (remember the yam and the goat are together), it used the figure of N34.51 even though it sold it to marketers at N40.90. In other words, NNPC charged marketers for a cost and also charged Nigeria for the same cost. This overcharging of subsidy on kerosene came to a cool $204m in total.

Nobody Is Above Mistake

It’s not easy for NNPC. When you are counting so much money, you are bound to make one or two mistakes here and there. It is these ‘mistakes’ that yielded the $1.48bn PwC asked NNPC to pay back to the federation. Some of these errors are as simple as wrongly adding a column in excel. These addition errors came to $40m.

There was also the overclaim of subsidies on petrol and kerosene (as described above). As well as other monies that should have been paid to the federation and were not paid. The table below shows the breakdown of the $1.48bn.

https://aguntasolo.files./2015/04/screen-shot-2015-04-29-at-00-11-55.png?w=729&h=1024

One must ask – if PwC hadn’t gone in to audit the place, would NNPC have just let a $40m addition error go on like its nothing? The mind boggles.

Money Wey No Get Receipt

As part of the accounting for the difference of $20bn between what was received and what was paid to the federation, NNPC submitted some other costs it claimed it had incurred as part of its operations. In total, these costs came to just $2.8bn as shown below

https://aguntasolo.files./2015/04/screen-shot-2015-04-29-at-00-20-25.png?w=984

As an auditor, when someone tells you they have spent this amount of money, what do you do? You guessed right, you ask for receipts.

A big chunk of the costs were for pipeline maintenance contracts. Anyway, NNPC could not provide any evidence for $305m of the money it claimed to have spent as the breakdown below shows

https://aguntasolo.files./2015/04/screen-shot-2015-04-29-at-00-27-30.png?w=984&h=752

Perhaps it thought PwC won’t ask for evidence. Some of it is quite hilarious (one must laugh when one cannot cry). In January and March 2012, it claimed to have paid salaries totalling $14m. No evidence to back it up. In November 2012, it claimed to have paid another $6m in salaries. Again, no evidence to back it up. Who was it paid to? Mr Who.

Almost $60m went on ‘charter hire’. To charter what? When you find out, tell me (Actually I know what this ‘charter’ is – it is the payment for the Petroleum Minister’s jet i.e. NNPC was paying for the cost of purchasing the jet on her behalf. But please don’t quote me). For January 2013, it entered a cost of $31m. But PwC found that this was the same cost it had claimed in 2012. When asked for the evidence for the January 2013 payment, it presented the same evidence as the one for January 2012. It claims to have spent $2.6m on buying cars. No evidence. $48m ‘right of way’ costs. No evidence. And so on and so forth.

Also, as you can see from above, in return for all the selfless and glorious work NNPC is doing for the country, it paid itself a total of $1.5bn in salaries for the 18 months in question that PwC looked into.

NPDC – Awon Bad Guys

When some people commit murder in broad daylight. They don’t run away. They light a cigar and sit down beside the dead body waiting for police to arrive. When the police arrive and ask who killed the person, they confidently say it was them. People like these are known as bad guys and NPDC is one of such people.

NPDC refused to cooperate with PwC for the audit. It did not submit any information or provide any help.

https://aguntasolo.files./2015/04/screen-shot-2015-04-29-at-00-45-40.png?w=984&h=226

PwC then had to obtain information from a variety of sources (including NPDC’s website) to try to ascertain how much exactly it should have paid to the federation.

https://aguntasolo.files./2015/04/screen-shot-2015-04-29-at-00-49-00.png?w=984&h=395

NPDC was summoned to the Senate sometime last year and they gave a presentation of their operations. The $6.815bn figure above in the NPDC column is what they claimed as the amount of oil they lifted. PwC also tried to verify this with the Department of Petroleum Resources (DPR) who gave them the $6.886bn figure. Finally, PwC tried to calculate the figures themselves and ended up with the $5.6bn figure.

Because they are bad guys, NPDC calculated their own tax and decided that the amount they owed to FIRS in taxes was $1.14bn. Out of this amount, they claimed they had graciously paid $863m to FIRS but do not yet feel like paying the rest. However, it was discovered that the actual amount paid was $838m – the $26m difference being due to a ‘mistake’ in counting the same payment twice. Please don’t shout at them so they don’t get angry and refuse to pay the rest of the money.

All told, NPDC is holding on to $5.11bn that it has not remitted to NNPC (NNPC is the owner of NPDC so it should collect the money from NPDC and send to the federation account). This is PwC’s conservative estimate of what NPDC has withheld from Nigeria. Perhaps when the time comes for them to pay the money, in keeping with the goat and yam principle, they might tell us that they spent half of it on ‘costs’ and can only remit $2bn or something. We await that day.

Sorry For Your Loss

Other monies are missing. But what can we do? This is the tragedy of the goat and the yam. NNPC claims that crude oil theft and pipeline vandalism cost it $760m in the period in question. It is unfortunate. Sorry.

NNPC also holds strategic reserves of petroleum products for the country. It is not free to hold these things and so the holding costs amounted to $460m in the period in question. These costs are made up of demurrage costs ($207m) and charges by Nigerian Ports Authority ($252m). Of the demurrage costs, $64m could not be verified while the entire $252m claimed to have been paid to NPA could not be supported by a single document as backing evidence.

#Forwards

The rest of the points raised are not things I understand very well so I have skipped them. But I think the above captures the gist of what has gone on.

So what can we do about this goat of a corporation? The rot in the place must be from ceiling to floor and you really cannot jail everybody there. A lot of the missing money will also never be recovered. So as much as people must be decisively punished for what has happened, how do we move ‘forwards’ and ensure this doesn’t happen again?

2,300 words is enough for one blog post so watch out for Part 2.

Culled from http://aguntasolo.com/2015/04/29/this-yam-this-goat-this-country-part-1/

I haven't read to the last page so hope my comment won't be out of place.

OP spot on topic. It's a tad annoying when I see men cowering away from young successful ladies all because they feel that she would be disrespectful. Respect is earned. So she pays ur 50k+ bills one time, pay the bills the next time. Many of the ladies you feel will be disrespectful are actually some of the most humble people but because you are limited by a single story syndrome, you feel she's a no go area.

I have a friend who is not so buoyant financially compared to his gf but that has for one day never been an issue. Even when he teases her that she earns more she says away and does mock anger and I smile at them both.

Simple rules of nature, God has made u the head, depends on you and how you carry yourself.

P.S Girl pay my bill of 52k+, Choi show me that babe lemme show her that I no dey fear

My 2 kobo though

Mortal Kombat X on my iPad

He facetimed with another of his iDevice that will be facing the console and seeing as the PS4 pad uses bluetooth, QED

See as her behind big pass her as she kneel... Na wa ooo


Fine girls dey sha

I laugh in 3D. Una want Wike abi? When the matching ground and task force boys start harassing you all, be very very prepared. How Rivers people could comprehend supporting Wike is beyond me. Oh well God knows best.

#iObserve

OP truth be told tis the message of hell fire that has had more impact yet tis also the reason why many Christians today r still walking blind so to speak.

The message of Grace tells you that God loves you and that his son has borne all of your sins both present, past and future. The book of Hebrews 10:13-17 tells u that God will write his laws and his love in your mind. The only job we have to do is believe. Trust him totally. Live in the knowledge that once you have given your life to Christ in genuine repentance that you are the Righteousness Of God in Christ Jesus. The message of Grace simply tells you to love God and trust in him. Your efforts count for nothing.

The message of hell fire/law which many of us are stuck with today is all about ur effort and not God's. We are wired to obey harder instructions than simpler ones. I guess that's why Jesus said tis easier for a camel to pass thru the eye of the needle than for a rich man or man (can't remember the exact quote) to see the kingdom of God. All God asks of us is to Love and trust him both in the good and not so good times rather trying to do it by yourself.

I personally have been liberated by the message of Grace and I keep feeding on it to help me get rid of the law that has bound me for too long. Hell fire is real yes, but God's love for you is real too. Read Isaiah 53, and 54 & Hebrews 10. Also the book of Romans.

Cheers.

mifavour:


how many mb or go did it cost??

I downloaded it and loaded it. Did not so an Over the air update. Downloading and updating it was abt 1.2Gb or Der abt

Dear OP,

The iPhone devices Bluetooth are best used for pairing for speakers when u want to play ur sound through them.

An iPhone is nice to use though am still grounded as an Android fanboy though am typing this from my iPad (here Apple has no rival). There are tons of free apps and if you follow some apple articles on Flipboard u will notice the day some developers are giving out their apps for free.yes you can hotspot, for those who had challenges doing it, tis cuz u did not create an APN for it hence why it's grayed out.

iMessage and FaceTime is something i love about iOS and it's security is way better than Whatsapp and BBM (culled that from a security article). An iDevice is really really enjoyable when u jailbreak but my advice to you is thAt if you want it and can afford it, go for it.

For those saying you can't download PDF or videos with an iDevice, na wa ooo. If you use Safari browser and google a pdf device wnd it loads in safari, u will see a pop up asking if you want to open in iBooks, adobe Reader if you have. All my psfs on my ipad i mostly downloaded. As for videos there are many youtube video pulling apps that u can use. The simple truth is that you have not searched the app store for what you want.

Also gaming on an iDevice especially the iPad, android dey learn for there.

Cheers

IGWISE:

U sabi book

Thanks you

Pennyways:
Ekpenyong is a name of a diety, such as Ekanem, Idiong, Ibok, Idem, Ndem and Nbiam worship by our forefathers. Next time don't say what you don't know

Thanks for the nugget of knowledge.

Happy New Year I guess...