Fred Ose UYIGUE | 2/4/2017 7:59:00 PM
Firstly, let me thank those who were able to calculate the division of N27,000,000,000,000(27t) The correct answer is N158,824 to each of the estimated 170m Nigerians. In 2005 right after Hurricane Katrina, Exxon Mobil posted profits of about $12b for the previous quarter. Exxon Mobil went on to post similar record profits figures over the next eight or so quarters, thereby debunking accusations of unfair market manipulations following the hurricane. The other major oil companies, notably, Shell Oil, British Petroleum, Chevron, Texaco, Elf Acquitaine of France and Agip of Italy, all posted similar stupendous profits, quarter after quarter.
Interestingly, all these major global oil companies claimed to have made the substantial parts of their profits from their overseas operations. She'll Oil Company boasted for many years, that she made 25% of her profits from Nigeria. Till date, Shell Oil makes annual profits in the neighborhood of $40b as does the other major global oil companies, with the smallest of them raking in about $20b annually. Everyone of these major oil companies has a very robust operations in Nigeria. All these do not take into account the operations of the smaller global oil companies and the local operators, who all operate under very dubious and fraudulent circumstances.
During the GEJ years, crude oil sold mostly over $100 a barrel, rising up to $145 sometimes. Also, Nigeria was able to sell as much as 2.6 and even 2.8mpd as against the early months of Buhari'S administration when Nigeria sold crude oil at prices just over $30per barrel and in volumes of 1.3m bpd.
The third issue I want to speak to is that, if Deziani actually made this so called refund, when exactly was the refund executed? We cannot and should not expect such a refund to immediately impact the economy until it's disbursement has gone through the due processes of appropriations and approvals. So, it takes months for such financial infusions to be espended and to impact the economy.
Finally, let's not forget that at the height of the NNPC financial remittances to CBN default, Nkojo Iweala came out to say that the discrepancy during the 19months in question and previous to Sanusi Lamido Sanusi's alarm was only $10.8b. That was a rude shock to me knowing that Nkojo Iweala had served as a vice president for African Affairs at the World Bank. I could not imagine her making such an excuse for a matter of such grave financial importance and implications for one week or month as a vice president at the World Bank. Here we were, 19 months into requests for financial reconciliation, without responsible responses and she was telling us the unreconciled amount was "only"(she said too) $10.8b.
In the advanced economies of the world, she would not only have been summarily dismissed, but would have had to continue her explanations behind some maximum security prison bars. GOD forbid bad thing o.
GEJ, Ngozi Iweala, Patience Jonathan, Deziani Allison Madueke, Aluko and many other nefarious and criminally minded Nigerians, we now have come to know as CABALS of all shades and forms were a curse on Nigeria, from which we are yet to get deliverance as many their likes, are running amuck in this present APC administration, lining their pockets and back accounts with stolen public funds. Like the PDP thieves, they hide their loots in septic tanks, in money graves, inside GP tanks and inside tree truncks. Come to think of it again, are these APC members not the PDP members of yesterday? Do they not subscribe and engage the same modus-operandi? Has the change from Resources Control dresses to Khaftans changed their thinking? Simply stated, are these thieves in a different style of clothing not the same as the ones who looted our treasuries yesterday? Are these "misleaders" not operating in financial secrecy just like the misleaders of yesterday? What has changed? That we have not called for them to be stoned to death is not enough of our magnanimity? Why should they be walking the corridors of power, instead of the corridors of maximum security prisons in solitary confinement?
So, I join all Nigerians who have suffered or are suffering unnecessarily to pray that the Great and mighty GOD of Nigeria will set fire to the wiles and machinations of all the thieves, whether of public funds or private funds in Nigeria that the judgements of Sodom and Gomorrah will descend on their homes to raze them down to ashes until they repent of their evil deeds. Amen and Amen.
GOD bless you all, and
GOD bless Nigeria.