seges:
It's a lie,they won't release the report until after the election. This "source" vanguard keeps using is likely Doyin Okupe or Reno Omokri feeding them this lies.re is no way this The goverment will not escape and in indictment, Sanusu said $20 billion was missing,Ngozi Iweala said there was it was only $10.2 billion was unaccounted for out of the $20 billion because $9.8 was spent on Kerosine subsidy but that claim is suspect the Senate never appropriated that amount in the budget,so it's an extra budgetary expenditure which is criminal because it was'nt captured in the budget. Ngozi Iweala went to Harvard she knows you can't just spend money how you like that is not budgeted for,this was a way of making up for half of the missing money,now they will find a way as far as i'm concerned to cook the books for the remaining $10.2 billion

seges:
It's a lie,they won't release the report until after the election. This "source" vanguard keeps using is likely Doyin Okupe or Reno Omokri feeding them these lies there is no way The goverment will not escape and in indictment, Sanusu said $20 billion was missing,Ngozi Iweala said there was only $10.2 billion was unaccounted for out of the $20 billion because $9.8 was spent on Kerosene subsidy but that claim is suspect the Senate never appropriated that amount in the budget,so it's an extra budgetary expenditure which is criminal because it was'nt captured in the budget. Ngozi Iweala went to Harvard she knows you can't just spend money how you like that is not budgeted for,this was a way of making up for half of the missing money,now they will find a way as far as i'm concerned to cook the books for the remaining $10.2 billion

Ngwakwe:


Forensic audit will soon be published and we are yet to see the details, yet you still hold onto assumptions and prejudice.

When will you be ready to accept a fact whether it favours you or run contrary to your opinions?

The Senate said President Yara'dua violated the constitution by making a secret non-gazetted policy on Kerosene subsidy hence it remains null and void.

Secondly, subsidy claims can be forwarded as supplementary budget after it has been expended.

Whatever becomes the outcome of the audit will remain the fact in public domain as other correspondences are unknowable, and this have more to do with the secretive nature and activities of NNPC enabled by constitution and statutes establishing the industry.

In short terms, the Northern Oligarchy and military establishment never envisaged a Southerner without Military background ruling this country in a foreseeable future.

Ngwakwe my guy..
Happy Sunday...how far that matter?

When this report finally comes out we go drink (softie) on top d gist o

Ngwakwe:


Forensic audit will soon be published and we are yet to see the details, yet you still hold onto assumptions and prejudice.

When will you be ready to accept a fact whether it favours you or run contrary to your opinions?

The Senate said President Yara'dua violated the constitution by making ungazetted declaration on Kerosene subsidy hence it's null and void.

Whatever becomes the outcome of the audit will remain the fact in public domain as other correspondences are unknowable, and this have more to do with the secretive nature and activities of NNPC enabled constitution and statutes establishing the industry.

In short terms, the Northern Oligarchy and military establishment never envisaged a Southerner without Military background ruling this country in a foreseeable future.

LRNZH:


Ngwakwe my guy..
Happy Sunday...how far that matter?

When this report finally comes out we go drink (softie) on top d gist o

Ngwakwe:


NNPC has much money to spare based on how the establishment is being managed.

The worst that can happen is for NNPC to pay up whatever balance that remained unremitted while the NASS takes on the expended Kerosene subsidy in a retrospective supplementary budget as it has already indicated interest.

Ngwakwe:


NNPC has much money to spare based on how the establishment is being managed.

The worst that can happen is for NNPC to pay up whatever balance that remained unremitted while the NASS takes on the expended Kerosene subsidy in a retrospective supplementary budget as it has already indicated interest.

seges:

Ngozi Iweala said it with her own mouth the money on Kerosene subsidy was'nt captured in the budget,in Harvard did they teach her to spend money not budgeted for with reckless abandon?Stop trying to cover up,we all know NNPC is the most corrupt organization in the planet. Regardless of the outcome of the report we still know Goodluck Jonathan will never prosecute anyone for corruption as long as he remains in power even if he becomes life President
http://www.ft.com/cms/s/0/6c4aea72-93cd-11e3-a0e1-00144feab7de.html#axzz3NrqpKzUW
http://www.bbc.com/news/world-africa-26535530

seges:

Read this interview by Sanusi on the so called Kerosene subsidy it 's a massive scam,some people have made billions of dollars of this. If NNPC pay whatever balance,how does that change the fact the whole Kerosene subsidy was a racket that made a few individual rich. Read the interview Sanusi granted the Financial Time,many people should be going to jail over this,NNPC paying or remmitting does'nt change the fact the Kerosene subsidy was a massive fraud just like the so called oil subsidy that jumped from N250 billion under Yaradua to over N2 thrillion under Goodluck Jonathan in just over a year.
http://www.ft.com/cms/s/0/6c4aea72-93cd-11e3-a0e1-00144feab7de.html#axzz3NrqpKzU

WhiteTechnology:



Subsidy must go

Any part of Nigeria that protest are beneficiaries of the scam


Say no to subsidy

seges:

There going no where unfortunately that is why they kicked out Sanusi for exposing them. Has anyone been convicted for the oil subsidy scam so far? Look at Femi Otedola Forte Oil for example that collected the equivalent of $245 million dollars for subsidy but did'nt deliver a single cargo to Nigeria as revealed in the Subsidy report. It's the same way Sanusi tried to explain the subsidy fraud. NNPC,DPR,PPRA are all compromised and have some of the most corrupt individuals to walk this planet that forge and sign Bill of Lading that are never are delivered to the country and share the money between the Oil Marketers. I have friends in the Oil industry I know how it works.

seges:

Ngozi Iweala said it with her own mouth the money on Kerosene subsidy was'nt captured in the budget,in Harvard did they teach her to spend money not budgeted for with reckless abandon?Stop trying to cover up,we all know NNPC is the most corrupt organization in the planet. Regardless of the outcome of the report we still know Goodluck Jonathan will never prosecute anyone for corruption as long as he remains in power even if he becomes life President
http://www.ft.com/cms/s/0/6c4aea72-93cd-11e3-a0e1-00144feab7de.html#axzz3NrqpKzUW
http://www.bbc.com/news/world-africa-26535530

LRNZH:


If there is any irregularity based on this report, big heads will roll because a head has rolled already...SLS.
There are powerful people waiting in the wings to serve their own justice.

That report better exonerate GEJ and NNPC. If not e go bloody!!

WhiteTechnology:

Any region thay supports subsidy is full of thieves and lazy people
SUBSIDY MUST GO
we will buy according to international market

Sunofgod:
As if 'PWC' is not another corrupt organization . . . . .their people also take bribes to provide false reports.

See (google) what they did to 'Tesco'.....with wayo reporting.

Ngwakwe:


Finance Ministry is not responsible for direct subsidy expenditures on petroleum products rather what they do before now is to reconcile whatever expenditures (figures) made by NNPC and DPPR.

I have followed the Senate probe on the said illegality on Kerosene subsidy and the explanations the legal department of NNPC gave. According to them the cooperation is empowered to make expenses from the overhead (money made from sales of crude) based on subsisting policy on Kerosene subsidy having not received a gazette on the contrary meaning they don't depend on whatever estimate on subsidy captured on the budget rather that it is customary to forward a supplementary budget in retrospect to balance whatever discrepancies between the estimate and the actual.

The Finance Minister is even surprise on such policy hence she wants a constitutional and statutory correction. Don't forget OBJ was the petroleum minister for eight years of his administration

The only hope we have to correct the abnormally is the passage of PIB which the NASS is sitting on for the pass four years.

LRNZH:


Quick to scream remove subsidy! How about we request for accountability first. Otherwise we are increasing the percentage of takings for the vested interests siphoning our funds.
If subsidy were such a big problem, why are refineries not in the priorities of the PDP Gov't? Why is unprecedented bunkering being perpetrated by militants with GEJ's approval?
Why should Nigerians pay a premium for imported full when they can get cheaper locally refined fuel?



Remember how KBR, Halliburton and Dock Chesney got their hands burn by bribing their way into the Nigeria NLNG projects.
PwC better not tow that line especially since it is likely that APC members will increase in number in the bicameral legislature. Iteven gets worse for PwC if eventually GMB gets the Presidency.

LRNZH:


Ngwakwe my guy..
Happy Sunday...how far that matter?

Ngwakwe:


The organisational structures of NNPC were reshuffled last year.

The heads that ought to roll have already been dismissed and certain necessary changes made based on the previous PwC Audit report ordered by Madueke that was received last year.

If you cared to note, the Mallam Sanusi suspicion that prompted the letter had nothing to do with the President or the Finance Minister per say rather the already known rot in NNPC (the most secretive and corrupt agency of government ever known to man backed by the constitution and statutes)

Ngwakwe:


The organisational structures of NNPC were reshuffled last year.

The heads that ought to roll have already been dismissed and certain necessary changes made based on the previous PwC Audit report ordered by Madueke that was received last year.

If you cared to note, the Mallam Sanusi suspicion that prompted the letter had nothing to do with the President or the Finance Minister per say rather the already known rot in NNPC (the most secretive and corrupt agency of government ever known to man backed by the constitution and statutes)

seges:

I'm not blaming Finance Ministry or Ngozi Iweala,I'm blaming NNPC,DPR,PPRA ,Ministry of Petroleum and the Oil Marketers(Otedola,Dangote,Rabiu etc. There all in this massive scam and racket toegether they forge Bill of Lading saying they deliver cargoes that never reach the country and share the money among themselves. Yardua put a stop to the Kerosene subsidy, the excuse NNPC never recieved the gazette is pathetic and an attempt to coverup the massive corruption and heads should roll. Is'nt NNPC accoutable,how can they claim they never received received instruction from the President of the country to stop subsidy on Kerosene?

Ngwakwe:


Let's assume the NNPC received the gazette. It is yet illegal if it is not announced to the public (through broadcast) according to the amended NNPC Acts of 2007 hence NNPC was correct.

On the issue of NNPC being accountable, you got to read through the constitution, the statutes establishing NNPC and the Acts of NASS to know that our dear NNPC is a government in itself and hardly breaks any law.

As I said before the Northern Oligarchy and the Military establishment made it on purpose as an avenue to be milking the country without envisaging a time when a non military Southerner will be in power.

Have you asked yourself why President Obasanjo refused to appoint a Petroleum Minister?

seges:

That is a lie nobody was sacked I have a friend that works in NNPC,they were only moved to different departments,the same people responsible for the scam are still around. The reshuffle was made to look like NNPC,wanted to make a change the Management is still the same under the oil subsidy and kerosene subsidy scam. The only diffrence is that the perpratrators are in charge of different departments,corruption is legal under this goverment,there is no punishment.

seges:
It's a lie,they won't release the report until after the election. This "source" vanguard keeps using is likely Doyin Okupe or Reno Omokri feeding them these lies there is no way The goverment will not escape and in indictment, Sanusu said $20 billion was missing,Ngozi Iweala said there was only $10.2 billion was unaccounted for out of the $20 billion because $9.8 was spent on Kerosene subsidy but that claim is suspect the Senate never appropriated that amount in the budget,so it's an extra budgetary expenditure which is criminal because it was'nt captured in the budget. Ngozi Iweala went to Harvard she knows you can't just spend money how you like that is not budgeted for,this was a way of making up for half of the missing money,now they will find a way as far as i'm concerned to cook the books for the remaining $10.2 billion

Ngwakwe:



You forgot that the former GED of the NNPC in charge of exploration, Abiye, was sacked after he fought spiritedly to reconcile accounts on alleged missing oil funds with ex-CBN Governor Sanusi Lamido Sanusi.

LRNZH:

[b]
You admitting that the reshuffling was a punishment for the heads that ought to roll in NNPC means you agree that there was some wrong doing ie money is missing. They have been declared guilty and punished even before this audit was carried out.

So, if the allegedly 'dismissed' folks are found culpable of missing funds by this report, they need to be indicted and jailed for misappropriated funds. Dismissal is not enough. Level of punishment handed to these heads is not commensurate because we don't know the level of their culpability.

I bet you there are still heads in the present govt that ought to roll in that scenario of missing funds.

The fact that SLS was also dismissed before the defacto evidence - this report came out is why GEJ's head will roll if Sanusi is close to being right.

In summary, my point is NOI and Diezani claim there was no wrong doing, however heads have been reshuffled in NNPC as a punishment. For what? That is admitting some wrong doing.
The amount of punishment is arbitrary since the heft of their crimes is yet to be determined by the PwC report.
Punishing SLS before the fact is grounds to impeach GEJ if SLS is eventually right (even if 50% right).
[/b]


Edit:
Based on the post below, no one was even dismissed. Departments were just changed for supposedly culpable people. That make the punishment nonexistent.

So heads must roll of the PwC report proves NNPC etc culpability.