Diezani cheated Nigeria over $15b oil sale to India

 

The Indian High Commissioner to Nigeria, Ajjampur R. Ghanashyam, has showed/told about the doubtful practice by former Minister of Petroleum Useful things/valuable supplies, Diezani Allison Madueke in selling (rough and rude/oil) to India through (people who get between two arguing parties to help them agree), this way denying Nigeria's treasury of the full go ahead/move forward.

India is now Nigeria's number one (rough and rude/oil) buyer, an importation that grosses $15 billion yearly.

But under Diezani Alison-Madueke, commission agents creamed away some of the billions, when Nigeria's treasury should have enjoyed the full benefit. Nigeria is the only oil producing nation selling its oil this way. Other nations make the sale, country-country.

"From other countries, when we buy oil, whatever we want to pay, we pay to the Ministry of Finance of that country. In Nigeria, we pay to (people who get between two arguing parties to help them agree). We would like to be dealing directly with the Nigeria National Petroleum Corporation (NNPC). It's not a good thing. Why should we go through (people who get between two arguing parties to help them agree)?

"Secondly, we would also like to have long term agreement, which we have with many countries: Iran, Iraq, Saudi Arabia, and other countries from where we buy oil. Nigeria is the only country with whom we don't have an agreement. .. When we write a letter to NNPC, we don't get a response," Ghanashyam told Nigeria's newspaper, Daily Trust.

The newspaper quoting NNPC 2014 Once-a-year (related to studying numbers) Written announcement reported that India bought 136,419,844 barrels of (raw oil from the ground) oil from Nigeria. The relationship continues.

The Indian High Commissioner added that apart from the lack of long-term agreement between the two countries on (raw oil from the ground) oil (instances of buying things for money), in 2006, an Indian company, Oil & Natural Gas Commission Videsh Limited (OVL) and Mittal Energy International, which is a group effort between OVL, an Indian government company, and Mittal Energy a private firm, applied for oil giveback. The Signature bonus sum of $25 million was paid, but neither was the oil giveback granted nor the money paid returned to the Indian companies.

"How many years is it? Nine years. Even to get the giveback is not possible, and the money is not refunded to us. For nine years your country has been sitting on this, and they make us go round and round and round. We buy $15 billion worth of (raw oil from the ground) oil per year and we have the (possible power or ability within/possibility of) importing $50 billion worth of (raw oil from the ground) oil from Nigeria. We can buy more because our needed thing is going up.

But if you continue to make us to pay through agents, and continue to ask us to buy from the swap market, it means you don't trust us, and if you don't trust us, we have to look for those who trust us more. We are making givebacks to Nigeria by buying your (raw oil from the ground) oil because you're our old friends and we've been friends for a long time, and your (raw oil from the ground) oil is better quality. But you must take our interest into account."