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Nairaland Forum / Nairaland / General / Politics / Why Hasn't The APC Found The Missing 20 Billion Dollars? (2275 Views)
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Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by Nobody: 4:21pm On Oct 18, 2015 |
Olaolufred: Your calculation is wrong. Yes Nigeria produce about 2million barrel a day. But all d production does not translate to revenue to Federal govt. The oil companies will have to remove thier cost and Profits from it. Cost of production and profit for the oil companies take about 1million barrel a day. So what is revenue to the government is about 1million barrel a day. |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by ShowYourCertificate: 12:54am On Oct 19, 2015 |
Gboliwe:Yes, and that propaganda will backfire on them very soon. 1 Like |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by 400billionman: 2:02am On Oct 19, 2015 |
ShowYourCertificate: Have they found Chibok girls which are humanbeings, you can at least see, touch and feel ? Not to talk of imaginary money which even if it exists, you can launder it on camels or trucks packed with watermelon. APC is a useless lying party filled with disgruntled elements and fraudsters ably supported by an american govt that wants Nigeria to remain in darkness. 3 Likes |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by ShowYourCertificate: 6:02am On Oct 19, 2015 |
400billionman:Nigerians are now gradually realising that they've been scammed by the APC. |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by Olaolufred(m): 6:26am On Oct 19, 2015 |
ShowYourCertificate: [size=20pt] You mean Your minority leader in senate is a jester? OK. Accepted.[/size] |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by Olaolufred(m): 6:30am On Oct 19, 2015 |
atbu1983:[size=14pt]thank you. Can 50% of the calculations be used for the almighty expenses and contingencies you posited?[/size] |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by ShowYourCertificate: 6:47am On Oct 19, 2015 |
Olaolufred:Yes, he's making jest of you APC scammers. |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by 4Play(m): 7:01am On Oct 19, 2015 |
The truth of the missing $20bn is hiding in plain sight. If I recall correctly, the figure was derived from the difference between total NNPC oil export proceeds and the amount remitted to the federation account. The $20bn will include NNPC joint venture commitment and its operational costs which it deducted before remitting the balance of the proceeds. So most of it is not actually stolen and I know Sanusi was being disingenuous. He did at one point go for the even more sensational figure of $49bn which he calculated by multiplying crude oil prices by number of barrels produced. That's not to say that the NNPC was not corrupt. It is a monstrously corrupt organisation, even more so when Madueke was minister. I think the practice of deducting from proceeds before remitting leaves room for shady dealings and ought to stopped. Ultimately, NNPC should be broken and privatised, partially at least. As for the "missing" $20bn, there is no such amount missing for the period in question. 3 Likes 3 Shares |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by Passionate04040: 7:06am On Oct 19, 2015 |
Because no money was missing |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by obago(m): 7:06am On Oct 19, 2015 |
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Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by nwanwaoge(m): 7:11am On Oct 19, 2015 |
1adewoye:...good post...i love ur mindset....but they should go after ex pdp now apc members too that were corrupt....not patting them on their back for a job well done...like appointing amaechi...he can be compensated underground but not this way. |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by chigoizie7(m): 8:36am On Oct 19, 2015 |
1adewoye: U might just be right bro, but why didn't they carry out that investigations earlier b4 calling those people criminals? |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by Olaolufred(m): 9:28am On Oct 19, 2015 |
ShowYourCertificate: [size=18pt] jesting their failure at not understanding the role of opposition. Jesting how it was hard for him to talk to Almighty diesiani for 3 years. Even on the floor of the house. He is truly a real jester.[/size] |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by ShowYourCertificate: 5:10pm On Oct 23, 2015 |
Olaolufred:He truly is ![]() |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by Olaolufred(m): 6:51pm On Oct 23, 2015 |
ShowYourCertificate: Thanks for accepting it. I have the video. And was so surprised he could mutter those sentences. |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by ShowYourCertificate: 7:00pm On Oct 23, 2015 |
Olaolufred:He's just having fun. It could be fun to be satirical atimes you know ![]() |
Re: Why Hasn't The APC Found The Missing 20 Billion Dollars? by ShowYourCertificate: 7:06pm On Oct 23, 2015 |
Lalasticlala and Obinoscopy, I dey greet una ![]() |
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