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Analysis: One Of The Reasons Buhari Made Himself Petroleum Minister – Dr Nnaemeka Obiaraeri

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One Of The Reasons Buhari Made Himself Petroleum Minister Is To Steal by Dr Nnaemeka Obiaraeri

Every Year, $12 Billion Was Stolen From the NNPC, And These Are Not The Only Funds Stolen Annually Due To Oil Revenues And Manipulation.

Evidence

Kachikwu Ibe told us in March 2016, that the daily pms consumed in Nigeria was 38million liters

The guys at the DPR, the apex downstream oil and gas regulators told us in Feb 2020, that the daily pms consumption in Nigeria was 38.2million liters .

This DPR figures tallies with the figures at the US Energy Administration Agency of volumes of pms daily shipped into Nigeria .

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But the guys at the NNPC and Petroleum Ministry under bubu told us that magically, over 102million liters of pms are imported daily into Nigeria by them

102million minus 38million liters equals 64million liters.

One Of The Reasons Buhari Made Himself Petroleum Minister Is To Steal by Dr Nnaemeka Obiaraeri

64million liters of pms equals 47,725 tons of pms . At the average price of $681 per ton of the pms over the last 2 months, it means that we have excess and unaccounted hole of $33million of misappropriated or cornered crude resources on daily basis .

$32.5million × 365days = $11.8billion

The most ignorant, cowardly and self hating slaves in the whole universe live in the southern part of Nigeria , especially, in the 9 Niger Delta region oil producing states .

The world has never seen a more docile, silly, stupid and shameless people unable to ask pertinent questions on how resources from their soil are being dispensed. Shame is an understatement.

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