A case of robbing Peter to pay Paul.
Stealing from government to pay for inexistent claims of subsidy.

Asswipemod:


Don't mind the numbskulls, dunderheads, dudbrains and bozos on this forum that read without understanding jack, then start posting rubbish feedback.

You and the guy you were mentioning should be tied to a NEPA pole every morning and flogged until you get sense.

ArewaNorth:






It is unfortunate how you can't understand a simple statement but rushed to comment in ignorance.
Crude Swap Arrangement gave NNPCL the crude equivalent worth of the refined products they used to import within the period he mentioned and NNPCL was sole importer of the PMS thereby distributing it to marketers at subsidized rate, federal government still owes the firm the sum of N2. 8 trillion spent on petrol subsidy between 2016 and May this year that is why NNPCL couldn't make reasonable profits since commercializing it by PIA due to the subsidy being finaced by the company not FG.

A simple question I want to ask you is how dis they determine the crude oil equivalent worth of refined products? What was the yard stick to measure it? And why is it so difficult for Mele Kyari to actually tell Nigerians in plain English but rather he is skirting round the issue.

nairalanda1:


It's because you are mixing the 2012 situation with the 2016 situation.

Marketers were not allowed to import from 2016

How marketers stole was by smuggling fuel. Which they always did until the subsidy got removed completely

Subsidy payments since 2016 went to NNPC and to transporters of fuel

(Kai, people don't get it at all)

But since 2016 they have been smuggling fuel still

transient123:


This is succinctly put, alas, most people commenting didn't understand the technicalities. All the same, it's a round trip of corruption.

Nothing was succinctly put Oga.

nairalandkachy1:


https://nairametrics.com/2023/07/05/no-fuel-subsidy-payments-have-been-made-to-marketers-since-2016-nnpc-limited/

Jesus Christ…

Nigerians have been scammed

Believeintruth:


You and the guy you were mentioning should be tied to a NEPA pole every morning and flogged until you get sense.

One bozo spotted.

basilo102:
Which means they shared the subsidy money. Which means actual price without subsidy should be 180. Which means Tinubu only increased the price to recoup his election bribery

You Dey think deep 👏👏🤣

nairalandkachy1:


https://nairametrics.com/2023/07/05/no-fuel-subsidy-payments-have-been-made-to-marketers-since-2016-nnpc-limited/

This country na scam make nobody tell me anything again😂
FG: we borrowed to pay fuel subsidy
NNPC we have not make any subsidy payments to independent marketers since 2016
Me: where’s the actual money meant to pay subsidy?🤔🤣

If you’re still waiting for this sets of people to change anything you’re wasting your precious time, they are all yahoo men in agbada 😂😂😂🤭

basilo102:
Which means they shared the subsidy money. Which means actual price without subsidy should be 180. Which means Tinubu only increased the price to recoup his election bribery

This is what I have been saying,

Asswipemod:


One bozo spotted.

You don't know that you further spotted yourself as the bozo raised to infinity. Guy check yourself abeg and stop capping rubbish.

nairalandkachy1:


https://nairametrics.com/2023/07/05/no-fuel-subsidy-payments-have-been-made-to-marketers-since-2016-nnpc-limited/

This Mele Kyari is one of the enemies of national progress.

In fact, all the people who've worked at the NNPC in executive capacity over the past twelve years ought to be rounded up and executed by firing squad.

KingOfTheDamned:


As an Obidient I for abuse you o. But I like your comment .

We all want a better Nigeria be it Obi or Tinubu there.

I really hope jagaban can crust this nnpc cabal.

Nnpc is the real cabal we all hear about

Jagaban crush cabal ke!!!! Bros if you believe that would happen it is like expecting a bottle cap to carry a 20ft container in the sea and not sink.

Bottom line, NNPC is one of the must corrupt entity in Nigeria

This thing no clear at all. Nnpc beem say na the amount of crude na im.dem.de use pay for the import of pms. Hense its a swap. How much is the customs duty and all that wey come.make the money de jump up and up

"no-fuel-subsidy-payments-have-been-made-to-marketers-since-2016-nnpc-limited".

That's to say, BUHARI AND HIS GOVERNMENT HAVE BEEN MISAPPROPRIATING OUR FINANCES SINCE 2016.

Believeintruth:


You don't know that you further spotted yourself as the bozo raised to infinity. Guy check yourself abeg and stop capping rubbish.

Ok bozo. You made no point. But the fact remains that you're the grand wizard of bozos.

Believeintruth:


Jagaban crush cabal ke!!!! Bros if you believe that would happen it is like expecting a bottle cap to carry a 20ft container in the sea and not sink.

Let's watch him to be fair let us give him more time, he hasn't spent 2 months yet.

Let's wait , I don't think it's fair to judge right away .

Why is NNPCL going back and front? I really don't understand this particular version of subsidy corruption. I see NNPCL as the most corrupt organization on the planet Earth.

Believeintruth:


But since 2016 they have been smuggling fuel still

Smuggling of fuel predates 2012, and happened because of the massive price differential.

It also happens in other countries that have very cheap fuel. Libya is even using airstrkes against fuel smugglers there...it is that bad.

waveman2:
Are you arguing base on what you read?NNPCL claim they have not paid marketers for subsidy since 2016.They have been doing crude oil swap then how come f feral govt owes them 2.8 trillion naira.These are all scams, crude oil exchange for petrol is supposed to be shared within the three tiers of govt which was not happening later they come back and say govt owes them.If tinubu wants to fight corruption he better start from NNPCL.

Once again, you have hit on the reasons why I hate subsidy.

And am happy it is gone.

If there was no subsidy, NNPC would have been forced to work for its money, and there would have been no swap wayo wayo, and federal government won't be owing them money.

Once you bring in price controls ...an inherent component of subsidies...wuru wuru and cheating results. People love to make money. Even when it is subsidised.

Sane citizens want subsidy to go it's a fact that is why nobody is protesting but it's just the way the govt has handled it.The current govt although not their fault should have ensure world bank palliatives in the form of transportation (providing mass transit and aiding farmers) are rolled out before anouncing the removal.

nairalanda1:


Once again, you have hit on the reasons why I hate subsidy.

And am happy it is gone.

If there was no subsidy, NNPC would have been forced to work for its money, and there would have been no swap wayo wayo, and federal government won't be owing them money.

Once you bring in price controls ...an inherent component of subsidies...wuru wuru and cheating results. People love to make money. Even when it is subsidised.

stanech:
I don't get it. Would it not be better to have given the crude oil to the people that refines it for a fee and then send the finished products to us? that way we only have to pay for the cost of refining and transporting?

Why are our leaders this wicked?

I tire o

An avenue to continue collecting ill-gotten money in the name of backlog payments.

waveman2:
Sane citizens want subsidy to go it's a fact that is why nobody is protesting but it's just the way the govt has handled it.The current govt although not their fault should have ensure world bank palliatives in the form of transportation (providing mass transit and aiding farmers) are rolled out before anouncing the removal.

So, why are you bugging me for wanting subsidy gone?

Abeg, I don't even support Tinubu self.

If this report is true, then Tinubu just succeeded in letting Nigerians down in the worst possible way

nairalanda1:


In 2016, Buhari made NNPC the sole importer of fuel.(to cut subsidy costs, as before there were many importers, including marketers).

That meant that NNPC was importing fuel at a certain price and selling to market below that price. (As at 2022 Aug, NNPC was bringing in fuel at N391, and market price was around N186)

At the end of the day, NNPC loses money from doing that, so government pays them a subsidy...or compensation for that.

As for whether there was looting...that;s for an audit to answer.

The compensation NNPC received from government for selling below the cost price, what is it called?

IVORY2009:
He is a scammer


Someone who just registered an account here in nairaland and uses an American WhatsApp number to decive people Yahoo boy

Guy rest... I nor dey answer u ND my business still dey boom normal.
Just chill. Nor be me dey feed u na... I'm not the source of your life. This your act is annoying.

Even if u want to troll someone, nor dey mention d person make de person nor dey see ur name.

I use Escrow for my business. Nairaland escrow for that matter... If u are a Paypal vendor too, do ur own make I do my own.

Check d meaning of escrow. Since u start dix pesting nobody don drop proof say I do am anything...

U fit troll, bt nor dey mention me. I never get chance rly, if not I remember ur location from ur IP... I think somewhere in Niger Delta... I nor too commit u to memory... Nor do wetin go make person reason u... Just carry ur play go dos porn people. I serious. People dey die for things wey nor reach lyk diz... I nor lyk u, nor dey quote me... Just respect my online space, cos u nor know me ND me ND u never do any business b4

Go get more shock observers because more revelations are coming. More would've been opened by now assuming another party had won the just concluded election.

Buddha3:


I read through the thread before it hit the front page, but I was too shell-shocked to even find the words to comment.

Like, if the government hasn't paid subsidy to marketers since 2016, then what in God's name has Buhari been using all the loans for? I thought they've consistently claimed that the Fulani failure took loans to pay subsidy?

This is a total deviation from the picture they've painted in the last 8years. I no even sabi wetin to talk again!

dealslip:

I tire o

Then if we are paying for only the transporting and refining there won't be any talk of subsidy payment.. But these thieves just want to make things difficult.

Opiop:
Guy rest... I nor dey answer u ND my business still dey boom normal.
Just chill. Nor be me dey feed u na... I'm not the source of your life. This your act is annoying.

Even if u want to troll someone, nor dey mention d person make de person nor dey see ur name.

I use Escrow for my business. Nairaland escrow for that matter... If u are a Paypal vendor too, do ur own make I do my own.

Check d meaning of escrow. Since u start dix pesting nobody don drop proof say I do am anything...

U fit troll, bt nor dey mention me. I never get chance rly, if not I remember ur location from ur IP... I think somewhere in Niger Delta... I nor too commit u to memory... Nor do wetin go make person reason u... Just carry ur play go dos porn people. I serious. People dey die for things wey nor reach lyk diz... I nor lyk u, nor dey quote me... Just respect my online space, cos u nor know me ND me ND u never do any business b4

Where are the people you have transcated business with here in nairaland, if you are not a scammer why can't you go and open a thread and put your details there? Also why are you not in the thread where all Paypal and other cryptocurrencies meet and do business here in Nairaland, why do you keep spamming and changing nairaland handle, why do you choose to do business with an American WhatsApp number, when you are in Nigeria, as per escrow, yes I know about it, the question is who is holding the monies? Until you change from scamming, I will continue to pursue you.