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Nairaland Forum / Nairaland / General / Politics / NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) (1205 Views)
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NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by tyokunbo(m): 6:10pm On Dec 28, 2016 |
Source: http://towncrieronline.net/2016/12/28/nnpc-relocates-oklng-staff-to-abuja-after-investors-dump-billionaire-dollar-project/ So much money has been spent on the Olokola Natural Gas Project, yet nothing is on the ground. According to a new document, Nigeria National Petroleum Company (NNPC) and its partners have spent over $546 million on it. NNPC partners such as Shell, BG, and Chevron have pulled out of the project, putting it in jeopardy. Due to the slowdown of work on the project, NNPC wants to relocate some of its staff to Abuja, and it is asking for another $4.5 million to do this. These information come from an internal memo from NNPC, where the company budgets $12 million for her work program and other expenses for the next year over the same project. Isn't there something wrong somewhere about this project? Here is the NNPC internal memo.
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Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by tyokunbo(m): 6:11pm On Dec 28, 2016 |
CC: Lalasticlala, Mynd44 Source: http://towncrieronline.net/2016/12/28/nnpc-relocates-oklng-staff-to-abuja-after-investors-dump-billionaire-dollar-project/ |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by Nobody: 6:14pm On Dec 28, 2016 |
Ok 2 Likes
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Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by dustydee: 6:32pm On Dec 28, 2016 |
This is not good, how did this memo leak? No secrecy in government anymore. OP, the $4.5 is to fund the project activities on value preservation and not solely for the relocation of the staff. Stop misleading people, read the second prayer. |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by MadamExcellency: 6:37pm On Dec 28, 2016 |
dustydee: Did you ask this question when Mallam Sanusi and co accused NNPC and Jonathan's administration of either unremitting or misappropriating $49 billion? 2 Likes |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by dustydee: 6:42pm On Dec 28, 2016 |
MadamExcellency:Does that then make it right because someone leaked a letter then? |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by MadamExcellency: 6:51pm On Dec 28, 2016 |
dustydee: I asked because this was exactly what earned Mallam Sanusi the Emirship of Kano amid applauses from Nigerians and the then opposition notwithstanding the incorrectness of the disclosure. 2 Likes 1 Share |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by seunmsg(m): 7:15pm On Dec 28, 2016 |
Jonathan and Deziani killed the OlokolaLNG out of bitter hatred for the south west. Hopefully, that project will see the light one day. |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by MadamExcellency: 7:18pm On Dec 28, 2016 |
seunmsg: Bigot 1 Like |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by seunmsg(m): 7:20pm On Dec 28, 2016 |
MadamExcellency: The right word to describe you, Jonathan and Deziani. 1 Like |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by MadamExcellency: 7:32pm On Dec 28, 2016 |
seunmsg: Didn't you read this? NNPC partners such as Shell, BG, and Chevron have pulled out of the project, putting it in jeopardy. Bigot |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by MeAboki(m): 8:18pm On Dec 28, 2016 |
dustydee: Correctly put. |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by dustydee: 9:41pm On Dec 28, 2016 |
MadamExcellency:Sanusi never disclosed the content of his letter to the president until someone in the presidency leaked it and he was put on the spot. Amaechi was reported recently (I cannot confirm if it is true) to have said that he leaked the Sanusi's letter. |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by amuwo1980: 10:31pm On Dec 28, 2016 |
How did it leak, God some ppl no get conscience, why didn't u ask same when ur ppl were sabotaging Gej government left right and center and you all were clapping hands for them, you don't have the monopoly to anything in this world. More dey come |
Re: NNPC Spends $546M On Failing OKLNG, Wants $4.5M for other expenses (PICS) by oduastates: 1:34am On Dec 29, 2016 |
Jonathan and his goons destroyed this project amongst others for which obasanjo had already found foreign investors. Mr disfiguration agenda and madam frog face totally messed up the projects . Olokola ,Brass would have been earning the country some good dough today |
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