idlaw2k3: I have got to give it to you. You certainly work hard for your money.

seanet01: Its not easy to eat o.
Insincere Nigerian is the real analogy of a HUSTLER.
The guy dey suffer o.
Morning, afternoon and night all posting no Rest.
Omo, i no go see this kind Suffering for my Life o.
Insincere Nigeria sorry o.

Eko Ile: Goodluck Jonathan's Administration is now the most corrupt in the history of Nigeria. Look at this analysis:

ANALYSIS


Crude oil production per day 2.5 million

Current price per Barrel 113 US dollars

Daily oil revenue 2.5 x 113 = 282.5 million US dollars

Monthly Sales 282.5 million X 30 days = 8.475 billion

Yearly Sales 8.4475 billion X 12 = 101.7 billion US dollars

Naira equivalent 101.7 billion X 160 naira = 16.272 trillion naira per year

Nigeria's Budget for 2012 = 4.5 trillion naira

Surplus money 16.272

- 4.5

11.772 trillion naira



So, Goodluck Jonathan answers this question: Where is the surplus money of 11.772 trillion naira every year?


The question is: what is Goodluck Jonathan doing to stop this day light burglary of public trust and looting of public treasury by his cronies, allies, friends, and acquaintances? I rest my biro-pen for now.

idlaw2k3: I have got to give it to you. You certainly work hard for your money.

idlaw2k3: I have got to give it to you. You certainly work hard for your money.

Eko Ile: Goodluck Jonathan's Administration is now the most corrupt in the history of Nigeria. Look at this analysis:

ANALYSIS


Crude oil production per day 2.5 million

Current price per Barrel 113 US dollars

Daily oil revenue 2.5 x 113 = 282.5 million US dollars

Monthly Sales 282.5 million X 30 days = 8.475 billion

Yearly Sales 8.4475 billion X 12 = 101.7 billion US dollars

Naira equivalent 101.7 billion X 160 naira = 16.272 trillion naira per year

Nigeria's Budget for 2012 = 4.5 trillion naira

Surplus money 16.272

- 4.5

11.772 trillion naira



So, Goodluck Jonathan answers this question: Where is the surplus money of 11.772 trillion naira every year?


The question is: what is Goodluck Jonathan doing to stop this day light burglary of public trust and looting of public treasury by his cronies, allies, friends, and acquaintances? I rest my biro-pen for now.

Sunny_bobo:

See what hate has turned you to. So because oil price is $113 per barrel, government gets $113 dollars for every barrel of crude mined? Have you subtracted the cost of production of a barrel of crude? Have you subtracted cost of sales? How many percent of the revenue so derived is due to the joint venture partners who operate the various mining leases? It is people like you that misinform the ill educated and ignorant ones.

In case you don't know, government only charges a percentage of the profit from sale of crude oil as tax from the oil companies operating in the upstream sector and the companies keep what is left.

Wendyslim: Where is the work and where are the haters

blacksta: Repeated lies may eventually look like the truth.

Wendyslim: Where is the work and where are the haters

The Federal Capital Territory Authority (FCTA) caused a stir in the Senate on Thursday when it presented its Statutory Appropriation Bill for 2013.

According to the FCTA, the sum of N5 billion had been budgeted for the rehabilitation of prostitutes in and around the Abuja metropolis in 2013.

It also disclosed that the sum of N7.45 billion had been earmarked for the expansion and rehabilitation of the two entrants at ONEX (Kubwa Expressway) and Airport Expressway.

In the same vein, the FCTA said the sum of N4 billion was earmarked for the construction of the First Lady Mission Building project within the same period.

These were contained in the lead debate on the FCTA Statutory Appropriation Bill, 2013 and sponsored and presented to the Senate by its leader, Senator Victor Ndoma-Egba.

While the budget proposal, put at N253 billion was passed into second reading, the senators picked holes in it, saying the FCTA had misplaced its priorities.

A breakdown of the proposal included N7.5 billion for the construction of a new city gate; N150 million for the renovation of the Vice- President Guest House while N5 billion was earmarked for the rehabilitation of prostitutes and destitutes in the FCT, among others.

Opening the floor on the budget proposal, Senator Abdul Lingi expressed dissatisfaction with the amount of money budgeted for the First Lady Mission Building project as well as the N150 million budgeted for the Vice-President Guest House in Asokoro.

“N150 million is too much for the renovation of the Vice-President Guest House in Asokoro. How much will the building now gulp if we want to build it?”, he asked.

Senator Babajide Omoworare, in his own comment, described as scandalous the N4 billion project, arguing that the money could be spent on some important things that would be meaningful and beneficial to the people.

“It is not proper for us to put the money for the building of First Lady Mission House into the FCT budget. It is against the federalism system of government.

“And again, how can we budget 7.4billion for the city gate? I think the amount is too much for the construction of the city gate,” he said.

Senator Babafemi Ojodu said it was not proper to spend the amount on a building that would be put into use only once or twice in a year.http://www.tribune.com.ng/news2013/index.php/en/component/k2/item/4340-fct-earmarks-n5bn-for-rehabilitation-of-prostitutes

The Coalition Against Corrupt Leaders (CACOL) has criticized President Goodluck Jonathan and the People’s Democratic Party (PDP) for hanging around questionable characters, especially those who have been fingered as far as corruption related matters are concerned.

The group was reacting to the news that a former Deputy national Chairman and ex-convict Olabode George, is among those contesting for the party’s Board of Trustee Chairman.

Chairman of CACOL, Debo Adeniran, in a statement said the ruling party was “glorifying and romancing corruption”.

“It is sickening that the President, who should show better example for the masses to follow, could glorify corruption with such impunity. Jonathan could not have been serious with his fight against corruption. He is just paying lip service to it. He is supposed to shame and despise corrupt leaders, but he is giving presidential recognition to them.

“Imagine the President appointing Chief Tony Anenih, whose only achievement as Minister of Works and Housing, was diverting billions of dollars meant for building and rehabilitating our roads into his private coffers, as the Chairman of the Nigerian Ports Authority, and the same Anenih is also vying for the PDP Board of Trustee Chairman. It is very shameful that our President’s list of associates is replete with criminals. This same President Jonathan was showering praises on former Governor of Bayelsa State cum ex-convict, Diepreye Alamieyeseigha, as his political benefactor some time ago.

The pro-democracy group admonished the President and his political party for not caring out the expectation of the masses.

“It is so saddening that a president that claims to be fighting corruption is dining and wining with ex-convicts. The signal the President with his political party is sending to the Nigerian citizenry is that, conviction is no longer a stigma in this part of the world since they (convicts) would be celebrated and even compensated with political appointments as soon as they come out of jail.”

The PDP which is yet to hold its BoT chairmanship election despite repeated announcement has shifted the contest twice.

Reports from a recent investigation have revealed that the Goodluck Jonathan administration which assumed office in 2011 still has a long way to go in its fight against corruption. Over N5 trillion in government funds have been stolen through fraud, embezzlement and theft since President Jonathan assumed office on May 6, 2010, a Punch investigation has found.

This amount is the summation of government funds said to have been stolen, according to the Nuhu Ribadu-led Petroleum Task Force report; the Minister of Trade and Investment’s report on stolen crude; the House of Representatives fuel subsidy report and investigations into the ecological fund, SIM card registration and frequency band spectrum sale.

The investigation revealed the fraudulent activities carried out on a large scale in some ministries. The Ribadu report on the oil and gas sector for instance, put daily crude oil theft at a high 250,000 barrels daily at a cost of $6.3bn (N1.2trn) a year. This puts the total amount lost through oil theft in the two years of Jonathan’s government at over $12.6bn (N2trn).

Another fraud scheme was discovered in July 2012 when the House of Representatives Committee on Environment discovered a tree seedling fraud worth N2bn awarded by the Ecological Fund office.

Similarly, in the telecommunications sector, the 450MHz frequency, which was valued at over $50m, was allegedly sold for less than $6m (a difference of $44m or N6.9bn) by the Nigeria Communications Commission. In the same sector, the reps, earlier this year, commenced investigations into the N6.1bn SIM card registration project embarked upon by the NCC in 2011.

Reacting to the massive frauds that have greeted Jonathan’s tenure, Transparency International, in an email to Punch said that Nigeria would continue to slack in development as long as it keeps paying lip service to the fight against corruption.

“President Jonathan should insist that those accused of corruption are properly investigated and punished if found guilty, irrespective of their positions and connections. The judiciary must be seen as impartial and fair.

“To signal a break with the past, the government should set up an independent investigatory panel to review charges of corruption within government and the private sector. President Jonathan should endorse the panel and commit to ensure it has both the scope and the power to investigate and prosecute.

“This is not just a matter of justice; fighting corruption can affect the lives and livelihoods of millions of people. The current culture of corruption hurts the majority of Nigerians while the inequality gap widens.”

This report is coming just days after KPMG, a global audit and financial advisory firm, stated that Nigeria accounted for the highest number of fraud cases in Africa in the first half of 2012.

It is our hope that such reports like this would make the government take the fight against corruption more seriously.
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