Connect with us

News Feed

Oil Traders Accused Of Fraud Sues Swiss NGO

Published

on

nnpc

Local and international oil traders indicted in a recent report by a Swiss-based Non- Government Organisation (NGO), the Berne Declaration, have commenced moves to institute legal proceedings against the organisation, according to reports.

This came following a report by the NGO alleging that the oil traders colluded with the Nigerian National Petroleum Corporation (NNPC) and defrauded Nigeria of billions of dollars through the sale of crude oil below market value.

Sources in NNPC disclosed yesterday that the oil traders have opened up discussions with a UK-based international law firm, with a view to seeking judicial redress over the report, which they said “was rooted in conjectures and unverified statistics”.

The oil traders, according to sources, are of the view that the report titled “Swiss Traders’ Opaque Deals in Nigeria”, was based on a draft report of the Petroleum Revenue Special Task Force, headed by the former Chairman of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu and the House of Representatives Farouk Lawal-led committee report on petroleum subsidy.

One of the affected traders said: “From all indications, the Berne Declaration plagiarised the controversial Nuhu Ribadu-led Petroleum Revenue Special Task Force draft report and the now discredited Farouk Lawal-led committee report on subsidy, to arrive at its conclusions.

“The Swiss-based researcher’s report on the Nigeria oil and gas sector was based on its vague understanding of the unique Nigerian business environment. This explains why it hurriedly lifted unverified figures from equally disputed sources like the Ribadu and Farouk reports, but we are determined to file an action in court to challenge the report,” the trader said.

According to him, another thing that may work against the Swiss-based organisation in foreign court was “the blatant name-calling of businesses and hardworking individuals who have not been found guilty of any offence in any court of law as fraudsters.

“Such vilification and unprofessional conduct are frowned on by laws around the world especially in Switzerland.”

NNPC had in a statement signed by its Acting Group General Manager, Group Public Affairs Division, Ms. Tumini Green refuted the allegation and described the entire report “as mere phantom”.

Green said that the publication was not “only bogus, but also strewn with inaccurate and poorly researched data which defy common sense and verifiable evidence in Nigeria.”

On the allegation that Nigeria’s crude was sold to some companies at a special discount, Green declared: “Nigeria’s crude oil is sold at the published Official Selling Price (OSP), which is not only benchmarked against the internationally recognised pricing institution, Platts daily publications, but also fixed after a critical analysis of market fundamentals and price determinants at a global level.” [TD]

News Feed

“Call me evil names, idolator, juju worshipper, God is the final judge of all our actions” – Nigerian man who publicly denounced Christianity says

Published

on

Bodmas Prince Kemepadei from Bayelsa State, who publicly denounced his Christianity and accepted the Egbesu worship, said people can call him evil names but God is the final judge of all our actions.

Recall that the Niger Delta University graduate took to Facebook on Tuesday, November 24, to announce the denounciation and reaffirm his obeisance to Egbesu deity, saying that he has realized that that he was duped by foreign myths. Here

Taking to Facebook on Saturday night, Kemepadei said Christians have continued to allow religious entrepreneurs to mislead them.

His post below:

John 4:21-24

Jesus said, the time has come when you don’t have to worship God in the mountains nor the synagogue for God is a Spirit: and they that worship God must worship in spirit and in truth.

If you like continue to allow religious entrepreneurs to mislead you and enrich themselves, we will all be judged according to our deeds and not according to our beliefs.

God does not live in religious homes, your everyday prayer and fasting without application of good conduct is self deceit.

Call me all manner of Evil names, call me a juju worshiper, call me an idolator, but God is the final judge of all our actions, and in the end, it is our actions that will determine our position with God.

– Apostle Bodmas Prince Kemepadei

Continue Reading

News Feed

Why I love Erica more than other housemates – Kiddwaya opens up

Published

on

Former Big Brother Naija housemate and billionaire son, Kiddwaya has revealed why he loves Erica more than other housemates.

During a conversation with Salone housemates in Sierra Leone, the young Nigerian entrepreneur was asked why he loves Erica and bonded with her more than other housemates in Big Brother’s house.

Kiddwaya, in his response, said that he loves Erica because of her confidence, especially when she wears her clothes.

According to Kiddwaya, Erica dresses with so much confidence, no matter what she wears.

Erica interrupting his speech however, said it is not about the dress but the person wearing the dress.

Watch the video below;

Continue Reading

News Feed

Tacha reconciles with her boyfriend, King Ladi

Published

on

Tacha, whose full name is Anita Natacha Akide, has finally reconciled with her boyfriend, King Ladi.

The Entrepreneur and instagram influencer, gave a hint to their reconciliation in a quoted tweet she made on Saturday, November 28.

She also shared a screenshot via her Instagram story which is believed to be a conversation she had with him.

The revelation was made after Tacha took to Twitter and posted a good morning tweet for her followers.

Sequel to her good morning tweet, a fan of hers to to her reply section and asked her if she slept well.

Responding to her tweet, Tacha said didn’t but hopes to sleep well in King Ladi’s arms the following night.

Recall Tacha had revealed to Nigerian OAP, Toke Makinwa during a Vlog session with her on her “Toke Moments” Youtube channel that she had taken a break from her relationship with Ladi.

According to her, she decided to bring the relationship to a halt because she wasn’t getting the needed or desired attention from Ladi – her man.

However, in a quoted tweet dated Saturday, November 28, Tacha has now hinted that they are back together and the news of her reconciliation with her lover has got her fans, the Titans very excited.

Refer to the old video of Tacha’s interview with Toke Makinwa when disclosed she paused her relationship with Ladi below;

Continue Reading

Trending