A new thread for NNPC Hopefuls

[nne_mak]

^^lol
They are VERY satisfied especially with this week!!!! Lol

[JAJAMARK]

House Probe: NNPC denies withdrawing N844.9b from CBN

The Management of the Nigerian National Petroleum Corporation (NNPC) yesterday denied taking N844.9 billion from the Central Bank of Nigeria (CBN).
In a statement issued in Abuja, the corporation’s Group General Manager, Group Public Affairs Division, Dr. Levi Ajuonuma picked holes in the House Committee probe report on subsidy payment, which indicted NNPC of alleged financial malfeasance in the petroleum products subsidy scheme.
He stated that contrary to the allegation contained in the report, which accused NNPC of withdrawing from two sources simultaneously to recover its subsidy claims, the Corporation at no time made such double withdrawals.
“Such a claim is totally unfounded and absurd .We challenge both the CBN and Ad Hoc Committee to provide evidence that such payments as alleged were made to NNPC. They must show authorisation for the payments as well as breakdown of the amount, purpose for the payments, beneficiary accounts in which such payments were made and the utilisation of such payments,” he said.
The NNPC spokesman explained that rather than collecting such payments from CBN as alleged, the NNPC applied such subsidy approvals as credit due to it for domestic crude allocation.
Said Ajuonuma: “For the purposes of clarity, subsidy payments to NNPC is not based on cash remittance. The mechanics of subsidy recovery by NNPC is not fund – based but by way of deduction from crude cost due. As a matter of fact, from the commencement of the subsidy regime, there was never a time when CBN paid any money to NNPC in respect of subsidy claim.”
Ajuonuma lamented that despite the fact that all documents and information were given to the Probe Committee, it still made an “unfounded” allegation against the Corporation.
“For instance, NNPC presented to PPPRA approvals for 2011 totalling N981 billion, out of which only N844.9 billion has been credited to NNPC. But surprisingly, the Committee claimed that PPPRA approved only N504 billion and that the balance was excess payment to NNPC. What logic?” he said.
The NNPC said the Committee’s intention was really not to clarify the subsidy payments but to malign and damage the reputation of the Corporation as well as other key players of the industry.
He also picked holes in the Committee’s query of NNPC’s deduction of subsidy payment as a first line charge.
Ajuonuma said: “The basis for the deduction of both cash calls for Joint Venture operations and NNPC’S subsidy payments as a first line charge on the income of the Federal Government is statutory and founded on the Appropriation Act, which was passed by the National Assembly. Under the said Appropriation Act, certain budgetary items, including subsidy payments to the NNPC are listed as first line charges on the income of the Federation.”
“The Committee accepted the Cash Call as first line charge, yet alleged that the subsidy aspect was illegal.
“It is clear that the tune of the Committee’s report is not only damaging to the Corporation but to the entire nation. At this stage, it is pertinent to ask the question, whose interest is this committee serving?”

[kjosefa]

N-A-I-J-A. Who go catch who in this country of ours

[smokee]

nah so e be

[japh121]

From d outcome of d meeting,d corporation had concluded plans to call d successful candidates. But i dnt know wia dis subsidy probe report would lead to. Lets keep praying.cheers

[opiantor_yagayaga]

how man wey know say fire deyt im roof go enter bed go sleep. habbaa! This subsidy probe na fire on the mountain ooooo. NNPC is on the run. Yoruba people say if fire burn person and im pickin, na im own body e go first quench. And it reminds me of the safety tips air hostess give: 'in case of drop in cabin pressure, oxygen mask will drop over head, drawing the mask will deploy the release of oxygen...help ursef before others'

It's just my thinking alound

[opiantor_yagayaga]

how man wey know say fire dey im roof go enter bed go sleep? habbaa! This subsidy probe na fire on the mountain ooooo. NNPC is on the run. Yoruba people say if fire burn person and im pickin, na im own body e go first comot. And it reminds me of the safety tips air hostess give: 'in case of drop in cabin pressure, oxygen mask will drop over head, drawing the mask will deploy the release of oxygen...help ursef before others'

It's just my thinking alound

[JAJAMARK]

Opiantor,
I still believe in divine intervention.

[bb1]

Many people on dis forum don't have real info, dey only post to excite themselves and d hopefuls.

[Slimikenna]

whether pessimistic or optimistic, in good grammar, bad grammar, french(in some cases) or local dialect, pls keep the thread warm. People should feel free to air their info or opinions...responibly sha. Imagine say this thread no....how e for be? Kudos to everyone joor. Una too much.

[surj]

My guy,read my words clearly,it simply means 800+ 2 b recruited is a joke. Why in d name of recruiting 800+ wud dey invite 40,000+ 4 ap test and budgeting 4 billion naira.na so naija sabi waste money.make all dos source dey talk of thou thou and not hundreds.

[patorinni]

For some, it is as if, it was yesterday, the memories are ever fresh. For others it is as if, hope is lost forever. For a whole lot more, it never existed in the first place. In the adventures of life, there comes a point in time when you are at crossroads, when the odds tilt greatly against everything you stand and will die for, when your heart and mind & everything in you tends to ponder about the subject "LIFE". God did not say your faith will not be tested, God did not say you will not pass through fire. He said your faith will be tried by fire, for every belief you have in him will be tested. He said when you go through fire, l will be with you. Hoping against HOPE, you have to keep keeping on. A glorious day is coming when we shall be unveiled.

[vin20]

I heard that the list is on the minister,s table for her asset, and i equally heard she is waiting for PIB to be taken to GEJ for approval, then to national assembly for consideration, before she will release the list, in anticipation that before resumption in 10 weeks or more, the pib would have been passed into law, and probably NNPC is unbundled. Believe this or not that is the game plan of madam minister lead board of NNPC.