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Nairaland Forum / Nairaland / General / Politics / Nigeria To Withdraw OPL245 From Malabu And Dan Etete (26487 Views)
$1.1bn Malabu Scandal: Italian Prosecutors Request Trial Of Etete, Shell, Eni, O / Jonathan, Shell, Malabu And Etete in $1.1b Scam / $1.1b Fraud: British Judge Questions GEJ's Integrity, Stops Etete From Getting (2) (3) (4)
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Nigeria To Withdraw OPL245 From Malabu And Dan Etete by robosky02(m): 10:12am On Jan 25, 2016 |
EXCLUSIVE: Shell, Eni in fresh trouble as Nigeria begins moves to withdraw OPL 245 from Malabu, Dan Etete http://www.premiumtimesng.com/news/197316-exclusive-shell-eni-in-fresh-trouble-as-nigeria-begins-moves-to-withdraw-opl-245-from-malabu-dan-etete.html 10 Likes 1 Share |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by politricks: 10:22am On Jan 25, 2016 |
Another can of worms 16 Likes |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by excellencyabia1: 10:42am On Jan 25, 2016 |
Who is free in Nigeria? I mean corrupt free?. Washing an old woman cloth will cause a lot of health problem. Well let me go and ask my dad to know the property he bought with looted fund so that he will not include it in his will while writing. God save nija 21 Likes 1 Share |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Farnsworth: 10:45am On Jan 25, 2016 |
well, just gonna sit down and enjoy this one. |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by NavierStokes(m): 10:59am On Jan 25, 2016 |
Probes here and there, there is an inherent danger in doing too much or having your hands full at a time, I hope this government doesn't keep the country stagnant these coming 3 years and 4 months. The real questions should be, are the companies competent? are they credible? Will they evade paying taxes etc. The real corruption to me is awarding an asset like that (huge plus located in deep waters) to an individual company malabu oil, with no proven evidence of experience etc. So they should rather be fixated on who awarded that contract in 1999 rather than who worked out an amicable solution. Look anyone who is knowledgeable about the oil industry will tell you that this move is a no-brainer. The asset in question was awarded to an indigeneous firm and since 1996? or so they have been unable to do nothing, or do you all think exploring or drilling in deep waters is a business for a novice indigeneous coy or even our NNPC? Shell already has the expertise and i think provide the technical experts on this project. Everyone knows our government has been battling even to meet cash call obligations these past years. And you find people who are willing to invest and all you can think of is to retrieve the asset. I think there is a clause shielding the companies from litigation on this particular deal. They better rethink the multiplier effect of this action, both companies (shell and eni) are credible, technically competent and will effectively manage that asset paying their taxes and royalties in the process. Retrieving the asset from them will send a very bad signal out there, and will be a sort of deterrent to other would be foreign investors. Already there are complaints of lack of working systems here (one government cancelling agreements legally entered into by her predecessor), plus over-regulation and interference by governments plus the multiple fronts our governments use to extort money from them, 85% taxes on profits, rotalties, JV or PSC payments, partnership for sustainable developments etc. Already a lot of companies have designated Nigeria as high risk, and making attempts to limit their exposure so its left for us to continue on the ego or power trip. PS: conocophillips pulled out of Nigeria a few years ago and till date the brass lng project has still been on a standstill. All I know is that every government or corporation around the world, sets her priorities in line with current realities at the time, and also in taking decisions people face tradeoffs. BP the great had her assets seized in Nigeria and became the African Petroleum and today what do we have, a rubbish business that was finally sold out as peanuts. Let he who can see the big picture, ensure this government is properly guided. 31 Likes 2 Shares |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Kreamie(m): 11:49am On Jan 25, 2016 |
Sigh...Is this a good move? Like seriously.. |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by weblogo: 11:49am On Jan 25, 2016 |
I am learning new stuffs everyday. 2 Likes
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Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Nobody: 11:49am On Jan 25, 2016 |
Nice One, If PMB should probe and fight corruption in his regime, the next regime irrespective of the party will learn how to conduct their governance in a better way. 72 Likes 4 Shares |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by WebSurfer(m): 11:49am On Jan 25, 2016 |
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Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by datola: 11:50am On Jan 25, 2016 |
Is this a good decision now that crude oil is becoming less valuable to the economy. Things wrongfully done in the past should be corrected though. 1 Like |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by tolexy007(m): 11:50am On Jan 25, 2016 |
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Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Nobody: 11:50am On Jan 25, 2016 |
When Oil Price done fall with no hope of rising? We had better start recovering our days of Agricultural exports. 2 Likes |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Emekamex(m): 11:50am On Jan 25, 2016 |
Okay o, make we just dey watch. 1 Like
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Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by tunwumi: 11:50am On Jan 25, 2016 |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by WebSurfer(m): 11:50am On Jan 25, 2016 |
NavierStokes:Will you keep qwayet if you dont have anything to say? Where is the probe on the content? 28 Likes |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by ibkgab001: 11:50am On Jan 25, 2016 |
Even chevron |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Soreza(m): 11:51am On Jan 25, 2016 |
Great steps |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by tuoyoojo(m): 11:51am On Jan 25, 2016 |
ok na in as much has probe it important what is being done to help our ailing economy the free fall of the naira is unprecedented CBN changing policies every day like traffic light the economic team playing kalo-kalo with us 4 Likes 1 Share |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by JonSnow(m): 11:51am On Jan 25, 2016 |
Hmm.. What of the oil bloc (OML 127) given to that yoruba lady Folorunsho Alakija just because she was IBB's concubine? Una no go collect am? ![]() 19 Likes 1 Share |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by afolayangs(m): 11:51am On Jan 25, 2016 |
we are waiting |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Holamidhe(m): 11:52am On Jan 25, 2016 |
Good news finally |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Sweetguy25: 11:52am On Jan 25, 2016 |
You think Shell and ENI would forgo an over 2 billion barrels worth of crude oil well easily? These guys are not MTN o. The dullard should remember Shell and AGIP are not MTN. 8 Likes |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by NavierStokes(m): 11:53am On Jan 25, 2016 |
WebSurfer: My brother can you please try to be civil in getting your point across? There is a limit to the patience of the masses at this rate it won't be long till they get tired of hearing the same thing. |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by MadCow1: 11:54am On Jan 25, 2016 |
As long as dem no ask Etete dem to refund the money because e no go funny at all. |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Krucifax(m): 11:54am On Jan 25, 2016 |
I support a lot of the ideas of the Buhari government however a lot of the other ideas of this government is misguided. It would appear that an over emphasis is be put on this corruption witch hunt at the expense of substantive ideas on how to improve the lot of the common man. Even after seizing this or arresting that. You still need to sit down and factualize how to create employment,stimulate the economy,improve infrastructure and guarantee security. This is what people who voted for "Change" want. It's tiring and becoming boring that all Nigerians read in the papers about government these days is who they are chasing or who is in court. By all means punish the criminals but when are you actually going to do some governance? What has changed between the last government and the current government that has lead to the actual improvement of the life of the common man. I haven't seen anything can someone please tell us? 13 Likes 1 Share |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by omenka(m): 11:55am On Jan 25, 2016 |
You just gotta love Buhari!! Wailers, wetin be una problem sef?? ![]() 8 Likes |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by Kingbilo(m): 11:56am On Jan 25, 2016 |
this is a dangerous situation. Very dangerous.. Especially with regards to foreign policy.. Buhari might make more enemies than he thinks 1 Like |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by easzypeaszy(m): 11:56am On Jan 25, 2016 |
na my elder brother wey dey work for shell I dey pity now sef...i tel am say Buhari no kw anytin he say na him he believe pass...he wanted to even slap his wife bc of buhari...since wen buhari tkovr govrmnt even to send me pocket money he no fit again...now frm Shell sackin 10-18 thousand workrs to total distruction of the Shell its self by Buhari...Bt if Buhari no want mk God punish am mk he no let anytin affct brothr. 2 Likes |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by JonSnow(m): 11:56am On Jan 25, 2016 |
Smh |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by ochukoccna: 11:57am On Jan 25, 2016 |
Makes sense! Deal cast Nigeria in bad light internationally in the first instance. None the less, you must ask if Buhari's silver bullet i.e. fighting corruption and loot retrieval ONLY will take us to economic Eldorado? ![]() ![]() What about sound fiscal and monetary policies to compliment the loot recovery? ![]() What about building up of and effective capacity strengthening of our broken down institutions rather than just the use of his body language? ![]() Obama noted Africa needed strong institutions rather than strong men when he visited Ghana in 2009 IBB was a strong man ![]() Abacha was even stronger ![]() Obasanjo was a civilian dictator ![]() But what was the state of our institutions when they left? What will Buhari turn out to be? What will be the state of our institutions when he leaves? ![]() ![]() The answer is blowing in the wind ![]() ![]() 4 Likes |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by WebSurfer(m): 11:57am On Jan 25, 2016 |
NavierStokes:we are not tired... every man must reap what they sow 2 Likes |
Re: Nigeria To Withdraw OPL245 From Malabu And Dan Etete by wristbangle: 11:58am On Jan 25, 2016 |
kennygee: You and I can start from somewhere if the government fail to do so. |
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