atlwireles:



NNPC is following the law as currently written, your party has major in both houses, you people can amend and do the needful. Sanusi can blow whatever he wants till he turns yellow, but no laws were broken by NNPC. If you know the acts and statutes NNPC violated, please state them.

sunkoye:
oga can u listen to urself at all? An agency of government spending average of 1trill per annum and u giving murderous excuses? Wat do u pple take us for...ehn? Bros I judge U.

barcanista:
This looks like the latest APC propaganda. Did the NNPC act against the law? I don't think so. If Oshiomole and Ço are not happy then they should sponsor bill to the parliament to amend relevant laws.

ionsman:

Go and sit down.Every thing is a lie to you.

sunkoye:
So NNPC has been doing One for me, One for you sharing formula. ..

gbl01:


U do realize the budget you're talking abt is for 3years right? If you've ever been in any multinational for instance, you understand what their annual budget is like, right? I do know a Nigerian bank whose annual budget is abt 240billion NGN. In 3years and considering currency fluctuations, their budget exceeds what we're talking here. Except they receive allocations, this spending looks pretty fair. There is much more where this data came from and that's the point. Whoever judge using this data isn't wise! But again, ita difficult enlighning the Nigerian youth, give him some normal data and he's heavily pissed... He'll obviously never see the fraudulent deals.

emorse:


Did you see the amount quoted up there? N3.8tr in less than 3 years is no joke bro. That's over a trillion naira annually. There's definitely nothing wrong with the Nigerian youth as far as this piece of news is concerned. Some people just have to be brought to book.

joseph1832:
Guy e be like say you need slap!. So this doesn't smell like fraud to you, a man sold your car for 300,000 Naira and paid 180,000 into your account and you say he didn't act against the law.

Please I know believe you really need two sticks of dynamite detonated inside your head to help you think straight!.

NgwaManNaija4LF:
The oil belongs to SS/SE, they have right to keep the money, do you want them to give it to SW/N? Dream on fools. Na we get the land. Haters can go kiss Obama and come back for 9 years in prison.

atlwireles:
Moronic ediots, how much was NNPC suppose to return? Generated N8.1T, gave Nigeria N4.3. The remain was the cost of doing business. But most of you ediots will expecting NNPC to return N8.1T to the treasury.

Go and review the public balance sheet of the IOCs, most of you might learn something.

johnny1980:



Please bro. Quit it. You are sounding very dumb. I wouldn't like to call you that.

Let's even assume NNPC has the right to spend what they earn. 3.4 Trillion naira in 3 years when the Federal Government,
State,
Local Governments,
over 150 MDAs and parastatals,
100+ Foreign Mission offices
100s of Federal Universities and Polytechnics, Tertiary Health Institution have had made do with a total of an average 12 trillion in that 3 year period.


Do you want to tell me the NNPC has a larger workforce than all these entities combined?

We have not talked of Roads, bridges, water supply and many other things carried out by these different tier of government with the said 12 trillion naira.


You now tell me a single entity spent on its own 3.4 trillion naira on overhead and you think that's justifiable?


Maybe NNPC was building another Nigerian Nation spanning thousands of hectares of land and they just want to surprise us with such gift later.

An average Nigerian bank having 240 billion budget would involve opening up new branches, paying regulatory fees, paying thousands of workers, paying ad hoc security staffs, paying extra stipends to Mobile Police Officers, Cost of Running Diesel Engines, Payment for Network Bandwidth, Payment of License for software use and so many numerous items. The NNPC does not have 1/10th of the job roles a single Nigerian Bank performs and does not even in their wildest dream deserve to spend as much a Trillion Naira on overhead or whatever without prior approval.

barcanista:
This looks like the latest APC propaganda. Did the NNPC act against the law? I don't think so. If Oshiomole and Ço are not happy then they should sponsor bill to the parliament to amend relevant laws.

NgwaManNaija4LF:
The oil belongs to SS/SE, they have right to keep the money, do you want them to give it to SW/N? Dream on fools. Na we get the land. Haters can go and kiss Obama and come back for 9 years in prison.

vecman22:


you are dull... i ope you hv learned from dose who quoted you

Ucheosefoh:
Kai this people don finish us, presidency go corner their own, NNPC go corner their own, them go share the remaining money to states and local governments, state government go corner their own, local government go still corner their own na only small money go remain for developmental purpose. Even contractors are not left out no wonder we refuse to develop, corruption has caused Nigeria more than what all the natural disasters join together has caused other nations. I can't wait for heads to roll.

gbl01:


You didn't get me well. Listen the Nigerian youth will shout, scream and bark. Then even the press will recant.


The truth is, its even impossible to document the Amount lost to NNPC. This amount is only a drop in the ocean but the Nigerian youth wouldn't patiently wait for more... He's content...kill. Crucify is his cries. If u calculate properly. The actual loss from provided data is less than 10billion USD when u remove their overhead. NNPC has gotten much more than that screwed.

joseph1832:
Guy e be like say you need slap!. So this doesn't smell like fraud to you, a man sold your car for 300,000 Naira and paid 180,000 into your account and you say he didn't act against the law.

Please I know believe you really need two sticks of dynamite detonated inside your head to help you think straight!.

barcanista:
Ìt seems you don't know that the problem is not who man's nnpc but the relevant laws that granted nnpc financial autonomy (just like CBN). So they acted within the law. Oshiomole and APC should stÓp whipping sentiment

SergeAlain:
My brother 4.3t as dividend from a business that sold N8.1t without any initial allocation from the FG (and spent N3.8t on salaries, JV cash calls etc.) is wonderful returns. Pick up the accounts of any quoted company and show me any that returns 50% profit!!! Also lets remember NNPC has over 15 subsidiaries including the 4 refineries etc. That company must have not less than 20,000 employees!!

By the way is Oshiomole expecting that a national oil company will return to the President each time they need to spend? If we want NNPC budget approved by the Senate that is ok lets say so - that would be a new demand, as it has never been so in any civil regieme. But bear in mind it will be counter productive and we will end up killing our oil and gas industry completely.

Anyway now we know the amount spent, it will be easy to investigate what it was spent on naaah! They should feel free to jail anyone if they can show clear evidence of monies stolen and trace them to any individuals. However, go and write it somewhere, that will never happen because they will find the money was actually spent by NNPC. you may fault their efficiency but they are not fools, people dont just dip hand in the coffers and steal money. Our corruption problems are not that simple.

rottennaija:



I have been hearing a lot about you, please sir, who are you and what do you do for a living? I don't what you to be offended, but I need to understand you and where you are coming from.

barcanista:
As long as the law permits NNPC to be financially autonomous, I don't see what the problem is. I am very much angry at this news but my anger is not towards nnpc but to our laws. The law enables them to spend as they wish becaulse it didn't specify a bench mark for them. The law must be amended

gbl01:
NNPC have no overhead, they don't pay salaries, they don't run on a budget. They gulljust generate and never spend part of it. They're on autopilot and no humans there. Maybe the humans are programmable robots, they don't spend. Wtf! Is wrong with the Nigerian youth.


Not exonerating them, they have lots of evil dealings Nonetheless...