tstx:
Like play like play Nigeria has turned into a war zone... I for Like talk more, but my contact details is out in the open

Like fela talk. My people dey fear too much. We fear for the things we no see. I no wan die, baba dey for house, I get one child....

Black Lives Matter does not mean other lives don't matter.
A is important does not mean B is worthless. Some Americans are just rich but not educated enough to survive OUTSIDE of USA.

Election

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Nigeria loses $6bn from 'corrupt' oil deal linked to fraud
By Russell Padmore
Business reporter, BBC World Service
26 November 2018 Business
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Image copyright GETTY IMAGES Oil workers
A court in Milan is considering charges of corruption against Eni and Shell in a controversial oil deal that led to Nigeria losing an estimated $6bn.

The campaign group Global Witness has calculated the OPL 245 deal in 2011 deprived Nigeria of double its annual education and healthcare budget.

Eni and Shell are accused of knowing the money they paid to Nigeria would be used for bribes.

The Italian and Anglo-Dutch energy giants deny any wrongdoing.

This unfolding scandal, which is being played out in an Italian court, has involved former MI6 officers, the FBI, a former President of Nigeria, as well as current and former senior executives at the two oil companies.

The former Nigerian oil minister, Dan Etete, was found guilty by a court in France of money laundering and it emerged he used illicit funds to buy a speed boat and a chateau. It is also claimed he had so much cash in $100 bills that it weighed five tonnes.

Image copyright GETTY IMAGES Petrol pump
Image caption Shell is one of the oil firms facing corruption charges
Global Witness has spent years investigating the deal which gave Shell and Eni the rights to explore OPL 245, an offshore oil field in the Niger Delta.

It has commissioned new analysis of the way the contract was altered in favour of the energy companies and concluded Nigeria's losses over the lifetime of the project would amount to $5.86bn, compared to terms in place before 2011.

Oil giants face Nigeria 'corruption' trial
New evidence in Shell corruption probe
The analysis was carried out by Resources for Development Consulting on behalf of Global Witness, as well as the NGOs HEDA, RE:Common and The Corner. The estimated losses were calculated using an oil price of $70 a barrel as a basis.

Eni has criticised the way it was calculated because it ignores the possibility that Nigeria had the right to revise the deal to claim a 50% share of the production revenues.

Deal or no deal
Campaigners say the deal should be cancelled.

"We discovered that Shell had constructed a deal that cut Nigeria out of their share of profit oil from the block," Ava Lee, a campaigner at Global Witness told the BBC's World Business Report.

"This amount of money would be enough to educate six million teachers in Nigeria. It really can't be underestimated just how big a deal this could be for a country that right now has the highest rates of extreme poverty in the world."

Nigeria is the richest economy in Africa, but despite having large resources of oil and gas millions of people are poor.

Image copyright GETTY IMAGES Children
Image caption Campaigners say the deal deprived Nigeria of double its annual education and healthcare budget
Lucrative OPL 245
It is understandable why Eni and Shell wanted to acquire the rights to develop OPL 245, because it is estimated to contain nine billion barrels of oil.

But the process of how they secured the contract is dogged by claims of corruption.

The court in Milan is weighing evidence of how a former Nigerian oil minister, Dan Etete, awarded ownership of OPL 245 to Malabu, a company he secretly controlled.

He is accused of paying bribes to others in the government, such as former President Goodluck Jonathan, to ensure that process went smoothly.

Shell and Eni are accused of knowing the $1.1bn they paid to Nigeria would be used for bribes, claims based on the content of emails which have since emerged.

"Looking at the emails it seems that Shell knew that the deal they were constructing was misleading but they went ahead with it anyway even though a number of Nigerian officials raised concerns about this scandalous, scandalous deal," says Ava Lee from Global Witness.

Image copyright GETTY IMAGES Eni HQ
Image caption Eni's headquarters in San Donato Milanese, near Milan
No wrongdoing
The Anglo-Dutch and Italian energy giants insist they have done nothing wrong, because they paid the money to secure the exploration rights directly to the Nigerian government.

Shell issued a statement to BBC World Business Report saying: "Since this matter is before the Tribunal of Milan it would not be appropriate for us to comment in detail. Issues that are under consideration as part of a trial process should be adjudicated in court and we do not wish to interfere with this process.

"We maintain that the settlement was a fully legal transaction and we believe the trial judges in Italy will conclude that there is no case against Shell or its former employees."

Eni has also denied any wrongdoing and told the BBC that it questions the competence of the experts commissioned by Global Witness and its "partners", as well as raising the possibility that the report by the campaign group is defamatory.

Shell accused of abuses in Nigeria
The Italian oil and gas company said "as this matter is currently before the Tribunal of Milan, we are unable to comment in detail".

In a statement it noted: "Global Witness together with its partners Corner House, HEDA Resource Centre and Re: Common had requested twice to be admitted as aggrieved parties in the Milan proceedings. On both occasions, the request was firmly denied by the Tribunal of Milan."

Eni also said it "continues to reject any allegation of impropriety or irregularity in connection with this transaction".

Biggest ever corruption case
Campaigners believe this is a landmark case and the outcome of the trial in Milan will cause an earthquake to reverberate through the oil and gas industry.

Nick Hildyard of the Corner House wonders if investors are comfortable. "Fund managers should be alarmed at this brazen dishonesty," he said.

Nigeria's leader is being encouraged to intervene by Olanrewaju Suraju, from HEDA. "President Buhari should reject any deal," he said.

The contrast between the way Italy deals with migrants and the actions of one of the nation's biggest companies has been raised by Antonio Tricarico of Re;Common.

"The Italian government is discouraging Nigerian migrants trying to reach Italy by claiming that it will help them at home, but Italy's biggest multi-national, part owned by the state, is accused of scamming billions from the Nigerian people."

The outcome of the unprecedented court case in Milan could force the oil industry to change how it conducts its business, especially in countries where corruption is rife, because more transparency about contracts and payments made would discourage fraud.

I don't support PDP or APC.This is just an independent research on a quiet day in my office.

Peter Obi bought the house in the UK before his tenure as Governor of Anambra State. According to a property website in the UK, Zoopla, the last time the property was sold was in July 2001. He bought it for £570,000. The property value is now estimated at £1,769,000 (£1.7M).

The former Governor was in office between March 2006 & March 2014 and not before he acquired the property 5 years earlier.

Conclusion: He purchased the property before he became a governor.

Some of these are caused by codeine

Guy use your brain and emancipate yourself from mental slavery. Do you even sleep at night with these tribalism in your head. The world is a global village. People are making money per second you are looking for haters. Keyboard warrior. Rubbish

GuyWise:

The vultures are already here jurt to hate on the hard working IGBO men....


They always envy their superiors and that always make them to fail in everything.

This is the best news this year. Can anybody tell me how to invest in the production of cashew nut. I live in Europe and can come down for any good business proposal. Lets discuss the refinery of the product to international standards.

You've officially initiated me into Game of thrones series. Love it or hate it.

Do you have other business in mind as I can afford to assist a willing mind. If you can start small and aim high, I can get you a temporary accommodation in lagos though you have to share a flat. If you have a petty business idea we can start with a little fund but I need some prominent guarantor.

Thanks and hope people learn from it. Read more than once to understand it and think outside the box. its not all about 8-5

It's unfortunate Nigerians are not worried about the cause of this accident, how to prevent similar accident and penalty for dangerous driving or leading error. We re busy arguing miracle or no miracles. Your loves are in your hands Nigeria n's. Take control

The last few second before withdrawal is the best part. why would any man say withdrawal is the best? whatever solution she likes, im fine with it. but for me to withdraw at the last few seconds before i collapse... ko jo rara.

People reply and complain about a whole brand to be fuel consuming without taking into consideration the models and their spec. That is not a good way to compare. You don't have to drive all three to answer the questions. A Benz engine might be smaller than an Audi or BMW and still consume more or less. It depends on so many other factors and what you want from a car. In Nigeria, we don't really ask all these questions before buying. They are all listed when you advertise your cars in the western world.

1, Obviously, the bigger the engine size, the more the strength you get from a car, if the body is built to withstand the engine torque, and power. It's different for brands and models
2, The luxury and comfortability depends on so many factors like the steering wheel, seat (it's positions, softness, height, texture, and quality) yet different across either models or brands.
3, gear box( auto or manual)
4, top speed
5, 0-60 ( in specified time) if you are a fan of speed

I can continue all day but my point is a car can be AUDI and be stronger or be more stylish than the other. It depends on the target market. Auto world has changed beyond our beliefs of the 80s or 90s that BMW is better than Audi or otherwise.

someone switched the airbag off or its being deployed. try to use the key and turn the key anti or clockwise and remove it. if it has not been deployed and doesnt work, then check ur manual. what car model is it?

do u want to buy or hire as i can get from germany if u know how to clear we can make a deal

can i use it in the uk?

O TI SU MI LA TI MA SO EDE GEESI NI OKE OKUN PELU AWON AKATA. IGBA KU IGBA TI MO BA TI N WO ERE NOLLYWOOD (YORUBA), INU MI A DUN LATI GBO EDE MI. OMO YORUBA NI MI LATI OYO. EJE KI ASO NIPA NIGERIA, OKE OKUN ABI OHUN KOHUN TI OBA DUN LATI GBE YEWO.

I was reading a thread today on Nairaland.
Most people on Nairaland dont really appreciate the fact that Innoson vehicles are assembled in Nigeria. What they only see is the word "assembly". The word assemble is taken for granted. If you have ever been to a car assembly plant, you will understand that even Ford could not have imagined it going this far. It takes more to actually assemble than produce individual parts and no company in the world produces everything it needs in making a car. I dont care how he got the capital to start it. its a step in the right direction. if you dont start you dont get going.

If we patronise innoson, though not compulsory as demand and supply will play its role, the multiplier effect will reduce unemployment, produce some parts and finally govt policies will help (dont mind those eseless leaders) they wont......you can play your role. the money is there, but nigerians like to buy cars but dont care about mileage, just name and sound of the engine. you can tell us more if you know about this....

i hope they shoot all these thieves dead. if there is justice, no one would be so confident to steal so much money. I CAN REDUCE THE PENALTY TO LIFE IMPRISONMENT IF THEY HAVE INVESTED IT.
9jaaaaaaaaaa wake up

no one has mentioned OSCAR'S OASIS. Great, I'm always watching my laugh because my sons might feel otherwise. oNLY NIGERIAN CARTOONS HAVE BEEN MENTIONED HERE.

At the age of 10, Uk students have done what secondary students in Nigeria have never heard of. This is really funny though, you will be surprised the age of these students compared to Nigerian student when they learn the same thing. you need to compare classroom standard, teaching standard, Govt support and other independent bodies.

They dont do jack of all trade. a ten yr old in the uk knows what he wants. An adult graduate still does not know what to major in. Let me believe this is a joke.

your ideas are needed. feel free to contribute
http://www.bbc.co.uk/news/business-10710488

Lets not waste our time on subsidy removal and come up with a good advice to nigerians how to cope and maximise our income. moreover some people will get rich at the end of the day and they are the quiet ones. it will all be down to demand and supply. some will lose and some people will gain. Learn to join the winning side. its our money and its still in Nigeria. you can go against it but remember , every second counts and they are making mllions if you know who i mean.

UK UK UK
1. The question is not Uk but how u are going to move forward. If u get full or part funding its ok.
2. Dont even allow that £150 salary in Nigeria be a friction. I'm sure u are not considering that.
3. If u know what u are looking for, complete your studies where u have scholarship and prepare yourself to move to the area where your degree is needed. it sounds cheap but u can study in uk and not necessarily look for post study work in the uk.its not even possible anymore.
4. Lets plan for nigeria and come back. NIGERIA WILL BE GREAT AGAIN
5.

you all are Lovely as I can't stop laughing in the office. what a good way to start my day, especially chaircover.
Anyway,
1) she is always complaing of me throwing my shirts around. at least I do that if only she is around cos I like to see her complain about minor issues around the house. If I dont do that she will start telling me how she bargained to buy in a store today and how her colleague didi this and that.

2) she takes a lot of time to prepare the buggy whenever we re going out. i hate buggies in London. they can make u late for interview.

where are u? i have one but in southwest london. what other games have u to exchange?