Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,161,887 members, 7,848,576 topics. Date: Monday, 03 June 2024 at 06:41 AM

NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku - Crime (2) - Nairaland

Nairaland Forum / Nairaland / General / Crime / NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku (7050 Views)

Why Nigerians Are Not Repaying Their Online Loan. / Kaduna Man Plots Cousin’s Kidnap/ Murder To Avoid Repaying Money He Owed Her / Residents Stealing CRUDE OIL From An Abandoned Ship In Elegushi, Lagos - Video (2) (3) (4)

(1) (2) (Reply) (Go Down)

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by yang(m): 9:32am On Jan 28
Na Thiefnuinibu who owns the Bahamas company

Tinubu has loaned money to FG with interest

This na new level for alpha beta scam

3 Likes

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Obierika(m): 9:37am On Jan 28
Brendaniel:
I was telling one Tinubu supporter here that Tinubu is taking bad loans and he kept on arguing, I asked him to go and read the terms and conditions for the loan because when I read it I was almost crying....

Of-course both Tinubu and his supporters don't care about the country, all they care about is politics and grabbing power, you won't see them here..

Please post an extract of the terms of the loan here
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Agboriotejoye(m): 9:51am On Jan 28
I remember a zombie claiming the deal was smart and novel
Collect 12bn for 3bn is smart and novel to Zombies
This is the Lagos template working
No one has ever asked why Lagos debt easily swallow all other states
Yet having unprecedented revenue from taxes

3 Likes

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Brushstrokes20: 9:57am On Jan 28
Hmmmm... Very cogent question!👀👀👀👌👍
# eBOLA on rampage 😏

1 Like

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by jaxxy(m): 10:16am On Jan 28
Corruption
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by abobote: 10:20am On Jan 28
jkpbestseries:
Atiku the biggest thief of all has said it. Am not bother because one day it will be well and everything in Nigeria will work out for good
Are you a robot or cartoon, instead of focusing on the topic or counter the point, you have to attach the messenger

1 Like

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by HenryThegreat1(m): 10:25am On Jan 28
millet:
They all got us into this. Every politician. Except those who have never stolen from public treasury before
Some of you people are very good in leaving issue on ground and be discussing irrelevant things.

1 Like

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Franking: 10:26am On Jan 28
Nigeria ti lo.
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Heffalump(m): 10:56am On Jan 28
Corruption has finally killed Nigeria.
The more you see the less you see.
There's so much padding inside the loan that many don't know yet.

The oil industry has so much rot going on within it. How many people still remember the Heritage Oil deal struck by late Abba Kyari? They used 6 billion dollars fake investment to swindle Nigerians. Shishi the Saudi Crown Prince no bring to the table. It's still yielding fruits for prominent Northerners till today.

Nigeria was sold out many years ago. It's a bare fact!

1 Like

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Brendaniel: 10:58am On Jan 28
Obierika:


Please post an extract of the terms of the loan here

According to TheCable, Nigeria has committed to delivering a total of 164.25 million barrels of crude oil, at a rate of 90,000 barrels per day, from 2024 onwards to settle the loan through Project Gazelle Funding Ltd, an “orphan” special purpose vehicle (SPV) incorporated in the Bahamas for the PxF.

Per the report, the loan arrangers will receive a commission of $66 million, equivalent to 2 per cent of the facility. Additionally, in the case of a default, Nigeria will incur a penalty of 2 per cent per annum.

Do the math of 164.25 million barrels at the current rate per barrel and read the last part of the condition if Nigeria defaults

164.25 million barrels x 76usd =
twelve billion four hundred eighty-three million USD for how much loan with this type of condition on top, so Nigeria might likely lose over 9 billion dollars of revenue because of a loan of 3 billion dollars with such terms involved...

https://africa.businessinsider.com/local/markets/nnpcl-receives-over-dollar2-billion-oil-for-cash-loan-from-afreximbank-and-uba/4lqjwrw?op=1
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by pacespot(m): 11:20am On Jan 28
These APC politicians have been able to silence Nigerians with tribalism and religion jingoism. If you speak up now their attack dogs who are tribal bigots will find something to defend it.
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by MomohMrMoore: 12:00pm On Jan 28
Nigerians should not keep quiet on this one oo please. This money is too much. All Abacha loot no even reach one tenth of this pls. This one want to sell the country at once. Pls all groups, oppositoons, celebrities, tiktokers, twitter handlers to raise national awareness pls. We need explanations by Tinubu government
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by jkpbestseries: 12:02pm On Jan 28
The messengrt lack the
locus standi to say anything to this admininstation, he is so doing because of 2027

abobote:

Are you a robot or cartoon, instead of focusing on the topic or counter the point, you have to attach the messenger

1 Like

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by jkpbestseries: 12:04pm On Jan 28
I cant leave Atiku, he lack locus standi to talk anytin against this administration
TriCee:

When you're done attacking the person of Atiku, also speak on the issues he raised.

And please don't tell me Nigeria go better one day. Face the topic, abi you sef no need clarifications on those quoted numbers?

1 Like

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by jkpbestseries: 12:08pm On Jan 28
I dont have a problem, but if you have a problem then it is ur problem. I cant leave Atiku out as he lack the locus standi to say anytin against this administration, he is talking because of 2027 and such he should get out

Blakjewelry:

One of Nigeria biggest problem a is people like you, attacking the messenger instead of the message.

1 Like

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Blakjewelry(m): 12:11pm On Jan 28
jkpbestseries:
I dont have a problem, but if you have a problem then it is ur problem. I cant leave Atiku out as he lack the locus standi to say anytin against this administration, he is talking because of 2027 and such he should get out

Lol he told you that or you are just jumping into conclusions. What is the role opposition if not to call out government to toe the right part.

2 Likes

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Prince111111: 12:14pm On Jan 28
ClassicMan202:
The corruption going on in the country is mind boggling.



Why? Didn't he raise valid points?
they are ignorant set of people always claiming to be wise
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Prince111111: 12:15pm On Jan 28
jkpbestseries:
The messengrt lack the
locus standi to say anything to this admininstation, he is so doing because of 2027

and so? Isnt this how your mumu president started his own way back?

2 Likes

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Coronavirus1: 12:36pm On Jan 28
We nor go gree for any bad government this 2024
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Mrvictorwrite(m): 12:36pm On Jan 28
Wow

bring your assignment
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Faposky95: 12:42pm On Jan 28
jkpbestseries:
Atiku the biggest thief of all has said it. Am not bother because one day it will be well and everything in Nigeria will work out for good

His he right, yes or no....?
There's supposed to be no honor among thieves.
A good man does wrong things, true.. ?
Many are yet to borrow the right Brain
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by CorrectionFLuid: 12:42pm On Jan 28
youngrichnigga:
Nigerians know the sources of their problems but are just not ready to confront them. By the time we get squeezed into the wall, the revolt will start....... undecided undecided undecided undecided

When we get squeezed to the wall, we will break down the wall to make room for more squeezing.
Continue hoping on Nigerians.
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Flame333: 1:39pm On Jan 28
jkpbestseries:
[s]Atiku the biggest thief of all has said it. Am not bother because one day it will be well and everything in Nigeria will work out for good[/s]
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Flame333: 1:40pm On Jan 28
[s]
jkpbestseries:
Atiku the biggest thief of all has said it. Am not bother because one day it will be well and everything in Nigeria will work out for good
[/s]
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by Flame333: 1:41pm On Jan 28
jkpbestseries:
Atiku the biggest thief of all has said it. Am not bother because one day it will be well and everything in Nigeria will work out for good

Kibosh yarn
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by jojothaiv(m): 1:55pm On Jan 28
jkpbestseries:
Atiku the biggest thief of all has said it. Am not bother because one day it will be well and everything in Nigeria will work out for good
As far as it stand now, no Nigerian politician is a saint neither are the average man an exception.
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by opobo007: 2:06pm On Jan 28
Sonoyom:
What do we say to this?

I am honestly tired angry

Tinubu and his gang of 40 theives are working real hard to destroy the remnants of what Buhari left behind.
You need to read and understand, the loan was taken in 2022 and payment to commence in 2024. It not Tinubi that took the loan
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by slowice(m): 2:23pm On Jan 28
The criminality in apc is mind blowing..... Those that support them must be hard core tribalist and bigots who hate Nigeria, else why would a normal person support them

1 Like

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by busomma: 2:44pm On Jan 28
Is there still any checks & balances in Nigeria' s style of government? If so, why the recklessness of the executive ( presidency ) mishandling our finances?

2 Likes

Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by nairalanda1(m): 4:54pm On Jan 28
The problem with the deal is that the government is taking another loan at 'desperate terms'...instead of taking the hard decisions like rasing the tax to gdp, diversifying the economy....because for APC, good economic decisions means losing power. SO, loans.

Every government, PDP inclusive, has taken loans, instead of taking the hard way to diversify the economy. At the end, they care more about power, than about good economic practice.

Atiku that is talking is part of the problem...he helped bring in APC.

I honestly don't know. Goverment of freebies, by freebies...without a thought of tomorrow.
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by basadenet: 6:37pm On Jan 28
This is typical scenario, where pot is calling kettle black. If this same Atiku by mistake because Nigeria s president, his style of leadership will be worse than the present. What did he do when he was the vice president of Nigeria?
Re: NNPCL Deal: Repaying $3.3bn Loan With $12bn Crude Oil By FG Is Puzzling! - Atiku by kcbaba007: 9:08am On Jan 29
Nigerians dealing with buhari and APC's irresponsibility and recklessness. This is what you get when you have rogues, rascals, empty and numb skulls in power

(1) (2) (Reply)

Driver Admits Having Carnal Knowledge Of Bamise (video Of Confession) / No Official Stole ₦10.9 Billion From Recovered NIA Funds - EFCC / Gov. Ikpeazu Orders Release Of Relief Materials To Arochukwu Idps

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 34
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.