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WHERE ARE LANDOWNERS, LLGS AND PGS LNG EQUITY FUNDS KEPT?

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By Nemo Yalo: Principal of Nemo Lawyers   former Acting National Court Judge former Chief Legal Counsel for Ombudsman Commission There is in an ongoing public debate between the Government and the Opposition in Parliament regarding the receipt and application of the proceeds from the sale of the LNG. In its 2015 first half Environmental and Social Report, Exxon Mobil states that its US$19billion project loaded the 100th LNG shipment on LNG carrier Methane Spirit on 15 June 2015. The first LNG cargo was shipped on 25 May 2014 destined for Tokyo Electric Power Co. Inc. (TEPCO) in Japan delivered on 2 June 2014. The LNG Project is expected to produce nine (9) trillion cubic feet of gas over 30 years. It has the capacity to produce 6.9 million tonnes per year. The report reads in part: “The Papua, the first custom-built LNG carrier for EMPNG, arrived at the LNG Plant Marine Terminal on 22 February 2014 to begin loading its first cargo. The 172,000-cubic metre, 290-metre-long

NATIONAL COURT STAYS BAKI'S DECISION TO TERMINATE ELUH AND GITUA.

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BRYAN KRAMER BREAKS DOWN THE HISTORY BEHIND THE DECISION TO TERMINATE TWO SENIOR OFFICERS INVOLVED IN THE ARREST OF PRIME MINISTER O'NIELL by BRYAN KRAMER   While many were jubilant and surprised by the news of National Court's ruling to stay (stop) Commissioner of Police Gary Baki's decision to terminate Assistant Commissioner of Police Thomas Eluh and Deputy Director of National Fraud & Anti-Corruption Directorate Timothy Gitua, for me the ruling was expected. The Judiciary operates under strict guidelines, rules, procedures and principles all based on several hundred years of precedent (previous court rulings). The judiciary is the branch of government which administers justice according to law. The two other branches are Parliament and the National Executive Council (NEC) made up of Government Ministers and chaired by Prime Minister , also referred to as the Executive Government or Cabinet. The role of Parliament is to make the laws, while N

DIRECTOR OF FRAUD FORMALLY CHARGED

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by  BRYAN KRAMER   Director of National Fraud & Anti-corruption Directorate Mathew Damaru was formally charged by Police under Section 197 of Criminal Code for allegedly making a false declaration and statement. The provision is in the following terms; "(1) A person who, on any occasion on which he is permitted or required by law to make a statement or declaration before a person authorized by law to permit it to be made before him, makes a statement or declaration before that person that is to his knowledge false in a material particular is guilty of a misdemeanour." "Penalty: Imprisonment for a term not exceeding three years." "(2) A person cannot be convicted of an offence against Subsection (1) on the uncorroborated testimony of one witness." The charges relate to Contempt of Court proceedings filed against the Commissioner of Police Gary Baki by Damaru and his Deputy Director Timothy Gitua. Both Damaru and Gitua filed the pro

PETER O’NEILL: ‘PNG’S CHAMPION OF PROGRESS’ FOR THE CORRUPT IN PNG

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PETER O’NEILL: ‘PNG’S CHAMPION OF PROGRESS’ FOR THE CORRUPT IN PNG As decreed in the Constitution of the Independent State of Papua New Guinea:- “By authority of our inherent right as ancient, free and independent peoples WE, THE PEOPLE, do now establish this sovereign nation and declare ourselves, under the guiding hand of God, to be the Independent State of Papua New Guinea. AND WE ASSERT, by virtue of that authority · that all power belongs to the people—acting through their duly elected representatives · that respect for the dignity of the individual and community interdependence are basic      principles of our society · that we guard with our lives our national identity, integrity and self respect · that we reject violence and seek consensus as a means of solving our common problems · that our national wealth, won by honest, hard work be equitably shared by all” All power is with us the people who must guard with our lives PNG’s nation

DAY OF JUSTICE AGAINST EVIL AND WICKEDNESS COMING

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 by YAKAN LEPAKAILI   GOD OF ALL CREATION RULES AND DAY OF JUSTICE AGAINST EVIL, WICKEDNESS AND CORRUPTION IS EMINENT. Judge stays the lawyers’ travel ban and reinstatement of sacked top fraud squad cops is a victory for the people of Papua New Guinea. Crafty politicians and bureaucrats devise schemes giving the ruthless and totalitarian regime the competitive advantage over rival political opponents. When interrogated by the media, put on the brave face and front media with purported explanation stating letter does not link to PM or to say, sacking not politically motivated. Events evolved raises lot of eye brows revolving around Prime Minister’s authorisation of K71.8 million payments of controversial legal bills to Paul Paraka Lawyers executed by Lieutenant James Marape. Apparently, actions of Manasupe Zurenouc, Gari Baki and Mataio Rabura have correlational causation and aren’t isolated events. Arrogant Zurenouc, Baki and Rabura aren’t speaking with clear conscience for th

THE VERY SAD STORY OF WHY THE KINA IS COLLAPSING

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by NRI INSIDER There was always something a little strange about the collapsing kin. First we were told by Peter O'Neill and his corrupt cronies Marape and Pruaitch that the kina wasn't going down or that the slide was only temporary. But as we saw days of kina sliding turned into weeks and weeks turned into months, that lie no longer worked. Today we have a clear graphical record of a slide in the kina that began nearly from the moment that Peter O'Neill was re-elected and took office again and has continued up to now. The Masters of Deception now admit this is the case but say that they've got everything under control. Most certainly not. If you look at the rate at which the kina has been declining against the US dollar in recent weeks you can see that the slide started becoming steeper than it was before. The Masters of Deception can lie all they want but the bare facts don't lie. An outright collapse of the kina to God knows what low levels is being pre

WHY WAS PETER O'NEILL SO DESPERATE TO SECURE THE UBS LOAN? THE BEANS ARE SPILLING OUT

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by MARK PARAKISAN S ensitive questions to break out the truth: WHY WAS PETER O'NEILL SO DESPERATE TO SECURE THE UBS LOAN? THE BEANS ARE SPILLING OUT. The very sad details about the UBS loan has been revealed. Knowing all this, one starts wondering why from all accounts, Peter O'Neill expressed more than happiness when the deal with through and the Oil Search shares were bought. Witne sses say he was overjoyed. Overjoyed? Anyone who knows Peter O'Neill knows that he is a man of few outward emotions. Yet, the UBS deal obviously meant something big to him. Very very big. There are 2 very obvious possibilities: Peter O'Neill was either receiving the proceeds of corrupt commissions, or he was profiting greatly off selling shares of Oil Search as the UBS loan co-occurred with the peak Oil Search price. "Corrupt commissions" are when someone with insider knowledge sets up a crony (or a relative) to be in charge of facilitating