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  • Tomi

    While the analytics looks good, I can confirm to you that premium times is a no-good source.

    • eraer

      pls then can u kindly tell us which source is good…

    • Ben Ari

      OK Clown, give us a better source, or alternatively, refund what you have been paid by Jonathan’s thugs.

  • ALANI

    What are the Presidency and NNPC hidding? Why do they feel so threathen by this Sanusi revelation? How much is really missing ?

  • Allan

    Let them continue to cater our money to foreign banks.there is nothing like 2015.OBJ that put him there had said it.No 2015. Corruption stinks around our leadership.Too,too much.

  • Ben Ari

    It is clear to me that Jonathan is a completely corrupt individual and an incompetent who is in way over his head being President of Nigeria. If he could only separate himself from alcohol or whatever else he is imbibing, he might see things more clearly. Sadly, the choice seems to be between a bumbling, crooked Jonathan and irredentists from the Sahel. Poor choices for Nigeria!

  • Moriah Anyaugo

    APC: HATERS OF
    FREEMARKET ECONOMY?

    I refer to the This Day Newspaper April 7 2014 publication captioned
    APC CALLS FOR PROBE OF NNPC’s CRUDE OIL SWAPS.
    The content, which focused on the $2.85billion bid price submitted by two oil
    and gas companies, Taleveras and Aiteo (The Companies), for “the largest of Shell Nigeria’s four oil
    blocks slated for sale, Oil Mining Lease (OML) 29, that the Anglo-Dutch
    multinational is selling with its 97-kilometre Nembe Creek oil pipeline” and
    all the allegations thoughtlessly insinuated by APC against the companies leave
    me with one question: “Is this irresponsible publication worth a response?” The
    answer is an unqualified and resounding “NO.” However, for the sake of
    well-meaning Nigerians this much I will comment by going the questioning route
    of the APC:

    Does the APC mean to tell Nigerians that they do not have at
    least one person who is well-informed in their midst to advise them before
    regurgitating such level of ignorance? They have referred to Taleveras and
    Aiteo as upstart deal-making companies with only 5 year track record in the petroleum
    industry. From fact findings, Sigmund
    Cummunnecci Nigerian Limited now Aiteo was incorporated in 1999 and has since participated
    actively in the downstream sector of the Nigerian petroleum industry, which
    places them 10 years ahead of the 5 years as misstated by APC in the report.

    Now, let us assume without conceded that APC is aware that
    Aiteo is 15 years in the industry, does it then suggest that APC has just
    succeeded in telling Nigerians to expect from them zero significant growth in
    our economy after 15 years of leadership should the responsibility ever come to
    them?

    Is APC not aware of what is globally known as free market
    economy which thrives on competition? The Companies bided like every other competitor
    over the said OML 29 and the NCTL however; with the bid result revealed, it is
    obvious that Taleveras and Aiteo engaged a winning strategy and got it right
    first time. Or would it have made any difference if it was any of Taleveras/
    Aiteo’s other competitors in their position? If not, it then suggests that
    every company that was involved in the bid is inadvertently under the APC’s
    searchlight for the missing $20billion in question. Every competing entity must
    have known of the going price for the petroleum assets and still fought it out
    with Taleveras and Aiteo with the hope that should they win they would have to immediately
    come up with the offer price or enter some form of price negotiations with Shell.
    It defies reason to think that among those that instigated the APC publication
    there is none that has ever come across the term “Project Finance?”

    Taleveras and Aiteo put together do not need to have $2.85 billion.
    All they need is the right credibility to access the facility. Even Shell is
    aware that a prospecting company would usually enter a bid race with strong reliance
    on the willingness of a consortium of banks and other financial institutions to
    come up with the bid money should they emerge the preferred bidder.

    Are the days of healthy competition and accepting defeat
    over? The teenage Jewish Shepherd boy David, the son of Jesse defeated Goliath the
    giant war veteran and pride of the Philistines, and the glory was ceded to the favored
    of the LORD. What exactly is going on here? To say that this is a case of envy
    might sound petty; however, the content of the publication is rift with silent
    echoes from hearts that ache with envy. Ouch.

    How dare Taleveras and Aiteo come from the back streets of
    the desert to become frontlines that can never be ignored? To the free world,
    the mystery has become history of how in one night that shepherd boy David emerged
    from tendering the sheep of Jesse his father to becoming the shepherd over an
    indestructible dynasty that the world will ever know. It has taken Aiteo, not 1
    night, but 15 odd years to get to where they are today. Like David, Aiteo has
    fought the lions and the bears downstream. So, applying the same principles of
    victory, is it the lions and bears upstream they are ill-equipped to take out?
    A lion is a lion anywhere and if a boy tore its jaws downstream, it can more
    readily destroy its pride upstream, and that is exactly what I can see has
    happened here. This is not the first time Aiteo (Sigmund Group) is involved in
    a bid round. They know what it means to take defeat, to restructure, re-strategize
    and bounce back again. So to those who lost out in the race, I say “better luck
    next time.”