Nnaji Panel Uncovers N546m PHCN pension stashed in London bank since 1970

Nnaji Panel Uncovers N546m PHCN pension
stashed in London bank since 1970.
**it was to settle the salaries and pension of
expatriate workers then.
**PHCN workers lied about Govt deducting
25% of their salaries.
**our High Commissioner in UK can help in
retrieving the money.”
A panel set up by the federal government to
investigate pension fund of the Power
Holding Company of Nigeria (PHCN) has
unearthed £2.2million (N546 million) lying in
an account at the Barclays Bank of London,
United Kingdom.
The account was opened in the 1960s or 70s,
the committee chairman, Mr. Joseph Ajiboye
told Daily Trust.
Former minister of Power Prof Barth Nnaji
had on July 18, 2012 inaugurated an eight-
member probe panel to investigate the status
of pension in the power sector vis-à-vis the
Pension Laws since 1979.
Ajiboye said effort to retrieve the money was
met with “bottleneck” and brick wall but
assured that “the Nigerian High
Commissioner in London can help in
retrieving the money.”
He said today’s PHCN started as Niger Dam
Authority to Electricity Company of Nigeria
(ECN). The account was meant to settle the
salaries and pension of expatriate workers
then but that the committee learnt the last
expatriate has died and “there was no longer
reason to keep the account.”
On the controversial 25 percent allegedly
deducted from PHCN workers salary, Ajiboye
explained that findings from meetings held
with the Nigerian Union of Pensioners and
pay slips of up to April 2012 presented by
PHCN workers revealed that there was no
evidence of deduction from any workers
salary.
In his remarks, minister of state for power
Darius Ishaku expressed the hope that the
report will aid in finding a lasting solution to
the lingering feud between PHCN workers
and government saying the “only issue left
with labour has now been transferred to
office of the Secretary to the Federal
Government (SGF).” - daily trust.

Is Oil Discovery in Lake Chad, good news or bad news.

The Nigerian National Petroleum Corporation, NNPC announced the discovery of crude oil in about 3350 square metres in the Lake Chad Basin, that links the Northern Part of Nigeria.
In a continent where natural resources are often plundered to the detriment of ordinary people, impoverished Chad the new oil frontier could become a model of fairness.
Sequel to this outstanding discovery, reports busted that Vice President Namadi Sambo of Nigeria is leading the commencement of steps towards engaging “Willing and ready investors that will facilitate speedy and timely exploration in the second phase of the exercise”
During a meeting with experts within the NNPC and other public sectors at the state House, Abuja, the Vice President said at the federal government is happy that surveys have indicated the presence of Oil in the Chad Basin.
More information coming soon.................

WARNING for Girls, Ladies and Women

A MUST READ FOR ALL LADIES



I read a touching, pathetic experience on one a blog, so i thought i should share it with you guys, it's about the horrifying experience of 8 girls in the hand of 8 devilish men, its a must read for all ladies out there.

"Hi, I am Tonia (not real name), a girl who has fears, beliefs, reservations and just your regular typical Nigerian girl. This past few weeks has been one hell of a game for me. I have really been unsettled and I thought I share this story with you.

"When Cynthia (the lady killed in the hotel room in Festac, Lagos) surfaced on the internet and various news media, I was scared and it brought back a whole lot of memories to me and also served as and eye opener. Many people castigated and criticised Cynthia (may her
gentle soul rest in peace), but my point is, it could have been anybody, anybody at all.

"We have met people through various social media. Some have ended up well, some have not but with painful memories. To cut the long story short, let me kindly share with you my encounter with social media especially the very popular Blackberry Messenger (BBM).

"I am a graduate and currently serving in Kaduna. I could have crunched

it, but I needed somewhere to clear my head and forget about my ugly encounter. Here is my story.

"I happened to have a married man as a contact on my BBM. He had been asking me out for over six months and I refused to date him. As time went on, he invited me clubbing with him when his wife was outside the country, and I went with him all night. We spent most of the night at Swe bar, Lagos.

"I also met his clique of friends, married as well with their various mistresses. We had 'mad' fun. After all the clubbing and drinking, he lodged me in a hotel somewhere in Obalende. I felt sort of safe with him. We did not have sex, but he made sweet love to me and touched me in places I had never ever imagined.

"He kissed me passionately but guess what? He did not have sex with me. We did all sorts but there was no penetration. So, to an extent, I trusted he was a good person to be around with. I did not know that it was all part of the plan.

"He gave me N10,000 and put me in a cab to go home the next morning. We kept talking and chatting and sending naked pictures to each other and he told me naughty things of how he wanted to whisper things in my ear, I blushed. We didn't see for two weeks and that was because his wife just came back from Turkey.

"One faithful evening, he pinged me that he was organizing a beach party/boat cruise and that he would love for me to be his date and that he wanted to open a BBM chat, as a medium for his friends and my friends to interact. I was excited about it, I just wanted to have fun. I was able to get five of my very hot friends.

"The BBM group opened and we got chatting. I also realize that majority of them were married and working in reputable firms. It was fun and we didn't mind if they were married, we just wanted to have fun, as well as some other girls apart from my friends in the group.

"We chatted exclusively, sent pictures to the BBM group to introduce ourselves, and we had opened group conversations pending the beach party. And as excited as we were, we went shoping for nice sexy beach wears.

"The D-day finally came, we all assembled at the Lagos Island Boat Club. I was wowed because it was a high class party. We were cruising in a boat loaded with goodies drinks and hot babes, and as well 'MARRIED MEN'. I did not care, I just said in my mind that I would not roll with married men anymore after this, that for now, all I wanted to do was to catch some fun. After all, I wasn't paying bills.

"We got there, it was a private beach resort. Most of the beach facilities I got to see there were owned by multinational companies. We got out of the boat, and went to where we were partying. It was a duplex made with wood. It was a very nice setting.

"I felt comfortable because it even had a fence around it separating it from other beach houses around. So, there was privacy and of course bouncers (heavy looking guys) guarding the place. I said to myself, this must be heaven, I must be dreaming.

"Anyways, we felt free with each other because we had been chatting. It was 5:30pm and the party just started. We had drinks flowing from the private bar tender which happens to be owned by one of the men in the group. Reality struck when I realized that I was feeling dizzy and feeling really funny and light headed. Not only me, but other girls around me too noticed there was something strange about it.

"I was also feeling HORNY as hell! I had been drugged. They monitored us and when they knew the drug had really gone deep into our system, they moved us up into the main beach house. I could still see faces, but was too weak and horny to react.

"Mr B, the man who took me clubbing, carried me in his hands like a sacrifice and put me down on the floor just as other men also did with their girls. We were eight in numbers; 8 girls, 8 guys, and they all stripped us down and had sex with us.

"I enjoyed it a bit because I was horny. It was a mixed feeling because I cried, I moaned, but I did not know how many times he came into me. He pounded me hard. I was dizzy, but he grabbed me with force. All I could notice was the wedding ring on his finger. I thought of how wicked and miserable some married can be. How inhuman and heartless they could be.

"All of them took turns in switching partners and slept with all of us. I passed out. That was the last thing I could remember. I felt water poured on me. I noticed all the other girls around me too were half naked and some stark naked.

"We spent the night at the beach, but the men were no where to be found. I looked round me and all I could see was packs of used condoms. I ran to pick my cloths and possibly raise an alarm. I got dressed, found my phone with an envelope. It contained N16,000 and a note asking us to take N2000 each for transport. Tears of anger and rage filled my eyes and the girls around me as well.

"We were drugged and used like tissue paper. I grabbed my phone and noticed a ping came in. I checked my phone and I noticed the BBM group had been deleted, and a message via BBM from MR B came in. He threatened me that if I say a word to anyone, I would regret it.

"I told him he was a bastard, and he said try it. A picture came in, several pictures. In fact, they were pictures of us being naked on the floor. Pictures of the humiliating us but they blurred the faces of the men. In total, I got 20 pictures. I was not myself for a month.

"I went back to school, I had no one to talk to. The rest of the semester was hell for me. My CGPA dropped drastically. It was the worst out of the worst result I ever had.

"Till today, my friends and I have not discussed this with anyone, but all I could do when I heard of Cynthia's story was to narrate my own ordeal anonymously and spread the news, the word, and pray they see it and changed their ways.

"I am now born again. I have given my life to Christ. I fear men so much that I cannot even move close to them. I still have nightmares, but with time, God will strengthen me and I will move on. My advice to single ladies out there is, do not be desperate for fun. Pray to God to open your eyes of understanding, and pray hard. He who kneels before God will stand before kings and queens.

"To all married women, pray hard to God to intervene in your marriages and turn your husbands from bad habits to and bad friends. As for me, I do not think I ever want to get married or date a man again. That chapter has been closed for good in my life.

Please, do not ignore my mail. Please post it. There are a lot of things we ladies need to learn including you. Please post it on your blog and save a soul. It could be your friend, sister, cousin, neighbor.

"God bless you as you pass it on. To all readers, I do not care if you insult me or rain abuses at me. My job is to share this encounter with you and save you from any mishap. God bless you all. Amen."

Kogi, Enugu and Anambra Quarrel over Oil Wells within their respective States..

As President Goodluck Jonathan inaugurated the first oil refinery in Anambra State, the Kogi State government stepped forward

to stake a claim to the oil wells that will serve the refinery.
President Jonathan opened the refinery being built by Orient Petroleum at Aguleri Otu in Anambra East local government area and declared Anambra an oil producing state.

But moments later across the border in Kogi State, Governor Idris Wada said in a statement: “Kogi will be a major stake holder in the refinery, considering the fact the oil wells that will service the refinery are in Odeke Community in Ibaji Local Government Area of the state.”

Wada made the claim in a statement issued from the office of his deputy Yomi Awoniyi, a day after a community group issued a public notice saying that the oil deposits claimed by Anambra State are within the Odeke community of Kogi State.

Governor Wada said in the statement yesterday that the state “is doing everything humanly possible to resolve the issues surrounding the location of the oil wells with the contending states.”

The statement ended on a note of optimism: “Kogi State will soon join the league of oil producing states in the country.”

But speaking yesterday at the ceremony to kick-start his company’s oil refinery in Anambra State, Orient Petroleum chairman Chief Emeka Anyaoku said the controversy over ownership of the oil deposits has been resolved and that the ‘bulk’ of the deposits are within Anambra territory.

He however added that any state where oil was found and drilled by Orient Petroleum would be accorded due recognition.

“There was misconception that the oil well was not entirely in Anambra, that has been resolved through the map of Nigeria. Let me quickly state that the two oil blocks encompassed parts of Enugu, Kogi, Delta and Edo states but bulk of it is in Anambra,” Anyaoku said.

He said in addition to the private shareholders, other bodies that have shares in the company include Anambra, Rivers, Kogi and the 21 local government areas of the state.

Speaking at the commissioning of the refinery, President Jonathan said the Federal Government was committed to oil exploration in all the sedimentary basins and commended the oil company for pioneering the inland crude oil production in the country.

“The good news is not Orient Oil and Anambra basin alone, the good news is for all our sedimentary basins all over the country,” Jonathan said. He said it would give confidence to other investors to invest in other inland sedimentary basins.

Jonathan urged operators in the oil industry, especially those at the upstream sector, not to think only about exporting crude oil but should also add value to it and export refined products.

“We have a lot of gas resources in Anambra Basin from meteorological records,” he said.

“Orient Petroleum has helped us not just in producing the crude oil but adding value to the crude oil. As a nation, we should not continue to think that we will be exporting crude oil materials abroad.

“The vision of Orient to diversify into refining and power generation, among others is the way to go. People who refine crude oil make more money than us who export the crude commodity,” he added.

Anyaoku said crude refining by the company would commence by next year, and that when the refining facility was completed about 20,000 litres of crude would be refined daily.

In his remarks, Governor Peter Obi, assured that he would continue to partner with the company to develop the oil sector of the state.

‘The oil belongs to Kogi’

Meanwhile, a group called Ibaji Development Association (IDA) warned that the oil wells OPL 915 and 916 are located in Kogi and not Anambra State as claimed by Orient Petroleum which is carrying out exploration in the area.

In a message to President Jonathan ahead of his visit to the area yesterday, IDA said “the area where the current productive oil well is located is in Odeke community in Ibaji Local Government Area of Kogi state and not in Anambra State.”

“Oil exploration activities leading to the successful access to crude oil were carried out in Kogi state within Odeke, Echeno, Ehile, Anocha and Omabo communities by Orient Petroleum Plc. Workers of this company actually rented houses in these communities as quarters for their staff for the final phase 1 of oil well production testing of these wells. Phase 2 is due at the end of September 2012 in Uchuchu, Ikah, Iregwu and Ujeh also within Ibaji local government area of Kogi state,” the group said.

IDA said Ibaji area was in conflict with the people of Agulere and Otuocha in Anambra State over ownership of the oil wells since 1994 which led to loss of lives and property.

The association called on President Jonathan to officially declare Kogi as an oil producing state saying “our non-resistant stance should not be misconstrued to mean cowardice, even in the face of glaring provocation from Anambra state, whose communities are already head over heels over the benefits of the oil wells that do not belong to them.”