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Buhari Was Very Very Corrupt (see Facts And Figures Inside) - Politics - Nairaland

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Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Justcash(m): 7:35am On Nov 13, 2014
Many Nigerians hold a narrow view when defining corruption.

According to professor (emeritus) Dr. Petrus van Duyne:
Corruption is an improbity or decay in the decision-making process in which a decision-maker consents to deviate or demands deviation from the criterion which should rule his or her decision-making, in exchange for a reward or for the promise or expectation of a reward, while these motives influencing his or her decision-making cannot be part of the justification of the decision.
Corruption can come in various forms and a wide array of illicit behavior, such as bribery, extortion, fraud, nepotism, graft, speed money,
pilferage, theft, embezzlement, falsification of records, kickbacks, influence peddling, and campaign contributions (APEC, 2006).

Buhari was extremely corrupt as both the head of PTF and as head of state. Since most people tend to present him as a saint that saw the prudent management of PTF funds, I will focus on his role in PTF.

WHEN, in 1994, the late General Sani Abacha, invited former Head of State, Major Gen. Muhammadu Buhari to serve as head of the newly created Petroleum (Special) Trust Fund (PTF), the latter gave one condition for this acceptance: He must be given the title of Executive Chairman, and he must have a free hand to run the Fund as he saw fit, without any interference from anyone.

The PTF was itself a child of controversy. Abacha had, in 1994, increased the price which Nigerians had to pay for petrol, diesel and kerosene. The Nigerian populace vehemently opposed the hike, both because the increase was exorbitant, and because most Nigerians were certain that the windfall from the price hike would find its way into the hands of a few highly placed Nigerians.

To assuage this fear, Abacha summoned Gen. Buhari from retirement, to administer a new Trust Fund into which all excess income from the price increase would be paid, and from which the Fund would intervene in critical areas of the economy in such a manner as to directly benefit ordinary Nigerians. Buhari's main qualification was that he was considered to be both a strict disciplinarian and an incorruptible man. And he was for this reason expected to ensure that the fund was properly used, and that it would not become another avenue from which public funds were simply carted away by a handful of well-placed Nigerians. That was the expectation. But the reality, in the end, was a story of massive and cynical looting of the public treasury.

How the Fund became a funnel

Gen. Buhari was Executive Chairman of the Petroleum (Special) Trust Fund from its inception in 1994, to its disbandment by the Obasanjo administration in 1999. According to the report of the Interim Management Committee, which was set up in that year to investigate the affairs of the Fund, the total income accruing to the Fund from mid-1994 to July 1999 was in excess of N181 billion. There were six major areas in which the PTF intervened directly during the period. They were: roads and waterways; supply of educational materials and rehabilitation of educational infrastructure; food supply; health; water supply; and what was curiously termed other projects.

The management structure of the Fund was so capricious, from start, as in retrospect to suggest that the executive chairman was far more impressed by his position as an alternate Head of State, an Interventionist Czar who was answerable to no one, not even the Head of State himself, than anything else. First, he unilaterally appointed a single consultant, Afri-Projects Consortium, as the sole adviser to the Fund. Then he delegated virtually all his powers to this agency. Afri-Projects Consortium was given the exclusive power to initiate projects, assess their probable cost, approve the costs, execute the projects, and assess the quality of execution, all alone. The Consortium's decisions could not be questioned by anyone outside the Fund. Even the statutory members of the Fund's Board of Trustees found themselves helplessly watching as huge sums of money were paid out for questionable projects. And not surprisingly, the three professional management firms recruited by the Interim Management Committee to audit the performance of Afri-Projects Consortium came up with the unanimous conclusion that APC had over-charged the Fund for its services to the tune of over N2 billion.

APC directly managed the HIV/AIDS Intervention Programme of the Fund. Its managerial incompetence was found to be staggering. It knowingly imported sub-standard, poorly packaged, poorly stored, expired, or soon to expire treatment kits and drugs. And in the end, the auditing firms that investigated APC's performance concluded that it had cost the government N579 million by stocking huge silos of useless drugs and kits, purchased at inflated prices.

PTF's intervention in other areas of the health sector was equally atrocious. For instance, under the supervision of the omnipotent APC, PTF purchased large quantities of spectacle frames which were at the time costing only N800 a piece locally, for N1,900 a piece. This cost the public treasury over N45 million in inflated charges.

Ambulances whose going price at the time was N3 million each were found to have been purchased for N13 million each, leading to a loss to the treasury of N900 million.

PTF, through APC, purchased general drugs at the cost of N3 billion. The Interim Management Committee's consultants concluded that the Fund had been cheated by as much as N1.5 billion through inflated charges, and because most of the drugs had already expired before they could be safely used.

The Interim Committee's consultants also discovered that PTF had decided, without approval from the government, to build a residential estate in Wuse, Abuja, a project which was clearly outside the scope of its intervention mandate. The project purportedly cost PTF N703 million. But the consultants concluded that a realistic valuation of the project could not exceed N328 million. The project cost was inflated by more than 100 per cent, at N375 million.

In virtually every other area of PTF activity, three separate consultants engaged by the Interim Committee, and working independently, concluded that there had been massive fraud or criminal mismanagement of funds belonging to Buhari's empire. The Headquarters Extension and Renovation Project of the PTF cost the Fund N461 million. The consultants determined that it should not have cost more than N326 million. The Fund had been defrauded by N135 million.

The PTF had three main bank accounts. The independent consultants concluded that the Fund had been short-changed by as much as N3.6 billion by way of short payment of interest accruals from deposits, or excessive charges on Cost of Turnover by preferred banks.

The Rural Water Supply Scheme was another funnel from which huge sums of money were siphoned away. The independent consultants determined that as much as N1 billion was recoverable from inflated costs and mobilisations for work that was never done. They discovered, also, that the Fund had lost as much as N900 million in the Educational Materials Supply Scheme, through inflated charges and non-performance of contracts duly paid for.

The Rural Telecommunications Development Scheme was another such scheme from which money was cynically carted away by favoured clients. The scheme was designed in two parts: a Pilot Phase, and the Main Phase. The Pilot programme was intended to determine the viability of the project. But this did not deter PFF, under Gen. Buhari, to award contracts for the main programme to the tune of N1.6 billion, without any contracts signed, and before any conclusions could be drawn from the Pilot project.

It is a horrendous story of criminal negligence, cynical fraud, and unprecedented disregard for all civilised standards of prudence and transparency in the disbursement of public funds. In the end, the independent consultants concluded that of the N181 billion that accrued to PTF in the four and a half years of its existence between July 1994 and July 1999, as much as N25 billion was either stolen or improperly expended.

The great man's defence

Sources from within the PTF Interim Management Committee assert that when Gen. Buhari was invited to comment on the findings of the committee's consultants regarding the conduct of the empire over which he presided, he coyly retorted that he was not aware that such massive fraud went on his watch, but that in any event, he could not have benefited personally from the hideous purloining of the treasury. .

That may be true, but it does not detract from the fact that he delegated to this outfit the sole and exclusive power to initiate projects, assess those submitted by other companies, approve variations on contract sums, and determine the quality of work done. He also, by his own admission, according to our sources, approved in writing all recommended payments from the Fund. But he did not know, he claimed, that those to whom he had delegated virtually all his powers were stealing the country blind. And no one has a right to call him to account, since to do so would be to question his famous reputation.

Former president Shehu Shagari was kept in jail for nearly one and a half years by Buhari, and almost lost his sight, when Buhari seized power on December 31, 1983, not because he was found guilty of any criminal offence, certainly not for abuse of his office. Shagari's only crime, it appeared, was that Buhari was convinced that the buck stopped at his desk, for as President, he had to pay vicariously for the purported crimes of his lieutenants. Umaru Dikko, Shagari's ubiquitous Minister of Transport, almost died in a crate, contrived by Buhari, that was en route from London to Nigeria, where he no doubt would have suffered worse than Shagari's fate. Some state governors were jailed for 200 years and more, because they could not account for how they spent their security votes (which were often no more than N20 million).

Regional Bias in the Distribution of PTF benefits

This was most visible in the road construction carried out by PTF. Of all the roads rehabilitated by he PTF, only 1984.5 kilometres of roads representing 10.84 per cent were carried out in the South West; from where the bulk of the PTF revenue came since the zone consumes over 60 per cent of refined petroleum products. All the Southern States had 4,440.43 kms or 24 per cent of road rehabilitation as against 13,870.47 kms or 76 per cent in the Northern States zone three comprising the North-West States of Jigawa, Kaduna, Kano, Katsina, Kebbi, Sokoto and Zamfara had a lion share of 5020 kms or 27.42 per cent because the Fund’s Chairman, Buhari and the military dictator Sani Abacha were from there; zone four comprising the North-East States of Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe picked 23.48 per cent. This is the zone where Salihijo Ahmed, the late Chief Executive of Afri-Project Consortium APC, the sole consultants that supervised all PTF projects came from.

Figures in other sectors were more scandalous. For instance, under the National Health and Educational Rehabilitation Programme (NHERP), the the North picked 100 per cent. In the vocational programme, North had 97 per cent . In the primary area, the North enjoyed 88 percentwith the other regions sharing 12 percent, and in the secondary area, the North had 86 per cent.The health sector is similar. For the Teaching Hospitals, the North had 62 per cent. For the Specialist Hospitals, it was 71 per cent for the North; in General/State Hospitals the North had 56 per cent for health clinics. Under the food supply summary, it was 83 per cent for the North, Buhari’s zone having 60.54 per cent to itself.

http://www.nigerianmuse.com/20061228122222zg/nigeria-watch/all-about-the-oputa-panel-hrvic/nigeria-has-persecuted-the-yoruba-submission-of-afenifere-to-the-human-rights-violations/

http://news.biafranigeriaworld.com/archive/ngguardian/2002/nov/03/article12.html

ALL OF THE FACTS ABOVE COUPLED WITH THE FACT THAT BUHARI IS A PROPONENT OF NEPOTISM SHOWS THAT HE IS VERY VERY CORRUPT.

8 Likes

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by thinkdip(m): 8:07am On Nov 13, 2014
APC E- warriors terrorist would soon get you, be ready for the un-ending E-condemnation. Back to your write up, APC and their candidate will never be a good option for nigeria

5 Likes

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Nobody: 8:10am On Nov 13, 2014
This is obviously the hand writing of Doyin Okupe

Judging from the choice of words, structure, pattern...

Please i keep asking myself...if these new allegations of corruption against the people's general is true,

Then where were all these articles since 2003, 2007, 2011

Where are the documentary evidences?

It is easy to use your experience of corrupt practices to cook up stories in your wildest imaginations. But bring evidence...PDP took over from the military, Buhari became an opposition long long ago...I am very sure that if PdP had the slightest document to NAIL the people's general all these years..they would have brought it out since.

Now that it is clear you guys are

totally corrupt and inept, obstreperously garrulous...and gargantously insalubrious...

and the masses are clamouring for the people's general more than ever before..a situation you never imagined... You now want to paint him black.

I will leave you with these words...

Even if Buhari was as corrupt as Jonathan...
He was never as Clueless as Jonathan

18 Likes

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by gidiMonsta(m): 9:01am On Nov 13, 2014
I opened this thread expecting to see facts, but all I see is another story for the gods crafted by the Committee on Defamation of Buhari. cheesy

@OP This lie wey u cook for us no sweet, abeg next time use better sauce grin This Nigerianmuse and biafran wateva no be am at all.

6 Likes

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Justcash(m): 9:09am On Nov 13, 2014
gidiMonsta:
I opened this thread expecting to see facts, but all I see is another story for the gods crafted by the Committee on Defamation of Buhari. cheesy

@OP This lie wey u cook for us no sweet, abeg next time use better sauce grin This Nigerianmuse and biafran wateva no be am at all.

PTF Fraud: How N25 Billion was stolen under Buhari’s watch
The Petroleum Trust Fund was inaugurated by the Abacha administration in March 1995 and General Muhammadu Buhari was appointed to head the Fund which was formed sequel to the increase in the pump price of petrol to N 11 from N 3.25. The then Head of State, Gen Abacha had said then that the Fund was to distribute the gain from the increased price on social and infrastructural projects.

The Fund started work with an initial capital of about N60b in 1996 with a mandate that included the rehabilitation of roads and waterways, educational and health institutions, providing textbooks and stationery, procuring essential drugs and vaccines, providing water supply systems, reviving crumbling agricultural sectors, connecting outlying areas to the national electricity grid, extending railways and telecommunications and ensuring consistent food supply.

Buhari often referred to as Mai Gaskiya (the honest one) was apparently considered for the job mainly because of the qualities he possessed, with the Abacha led government feeling that would douse the tension generated by the increase in fuel prices. With time however, allegations started flying that the PTF was no more than another avenue for the Abacha administration to siphon funds.

On assumption of office in 1999, Chief Obasanjo disbanded the PTF. One of the discoveries made by the administration was that between its inception and July, 1999, the funds that accrued to the PTF stood at N 181 billion. It was also found out that the Consultants appointed by the Executive Chairman of the Trust Fund, Gen Buhari constantly fleeced the country of funds running into billions.

In 2000, the Obasanjo administration set up an Interim Management Committee to take a look into the affairs of the Petroleum (Special) Trust Fund and ascertain among other things, how much has been spent by the PTF so far and what is on ground to justify the huge expenditure. The Committee the set to work and accomplished all the terms of reference by March 2000. The Interim Management Committee submitted that:

Term of Reference No 1:
The Interim Management Committee has already ascertained the total income that has accrued to PTF from its inception to date. The total amount that has accrued to PTF is N 181, 795, 000, 000 (One hundred and eighty one billion, seven hundred and ninety five million Naira). The report for the ascertainment of accrued income has been completed.

Term of Reference No 2
Independent Consultants were commissioned by the Interim Management Committee to ascertain the state of all the bank accounts operated by the Petroleum Special Trust Fund from its inception up to September, 1999.

All the assignments have been completed and all the reports submitted. An Executive Summary was prepared and a total of N 3, 642, 982, 280 (Three billion, six hundred and forty two million, nine hundred and eighty two thousand, two hundred and eighty Naira) was found to be recoverable from various banks, due to excess charges, under payment of interest on fixed term deposits and non-payment of interest on current account balances, as stipulated by Central Bank of Nigeria guidelines.

Terms of Reference No 3
The Petroleum Special Trust Fund intervened in, prepared and packaged, ready for transfer to the appropriate line ministry

(b) Food Supply Sector All the necessary verification work have been concluded for projects and programmes and reports already supplied by independent consultants. The programme is already in the process of being transferred to the appropriate ministry, as per the approval given by Mr President.

(c) Education Sector i) Educational Materials Procurement Programme: The verification of the entire programme has already been done and the process of handing over the whole programme to the appropriate beneficiaries has reached an advance stage as directed by Mr President ii) Rehabilitation of Educational Institutions: The services of various consultants have been used to carry out the technical audit of all the projects throughout the country and a comprehensive up to date report has already been completed by the co-ordinating consultants. The preparation of an Executive Summary has reached an advanced stage.

(d) Health Sector: (i) Drug Revolving Fund: The drug revolving fund programme has been thoroughly verified and all available stocks have been transferred to the various state governments. As per the directive of Mr President (ii) Rehabilitation of Health Institutions: The programme for the rehabilitation of Health Institutions throughout the country has been verified and a comprehensive up to date status report prepared. And Executive Summary for the attention of Mr President is being prepared.

(e) Water Supply Sector: All projects and programmes under this sector have been thoroughly verified in compliance with the terms of reference No 3. A comprehensive and up to date report has already been completed.

(f) Other Project Sector: The projects under the sector which were commenced have already been completed. The rest of the projects are yet to commence. The report stating the above mentioned up to date status of all projects under this sector has already been completed.

Terms Of Reference No 4

(i) The audited account of the fund as at 30th June, 1999 stating the Assets and Liabilities of the Petroleum Special Trust Fund has already been prepared by the KPMG Audit, a firm of Chartered Accountants. (ii) The Audited Accounts of the fund as at 31st December, 1999 stating the Assets and Liabilities of the fund has already been prepared by Pricewaterhouse Coopers Audit, a firm of Chartered Accountants. (iii) The Audited Accounts of the Fund for the month commencing January, 2000 to June 30th 2000 is to commence when the IMC was replaced. This would have given the asset and liabilities of the Fund at the end of the terms of the former IMC.
Terms Of Reference No 5

The present administrative structure was carefully examined and the best option is to transfer each departmental staff operating a project sector to the appropriate ministry where the projects are transferred. This will reduce hardship on the staff and also will enhance the capacity of the ministry concerned for it to cope with the additional responsibility.

Terms of Reference No 6 and 7
The former IMC has undertaken a thorough technical audit of all projects and programmes using well experienced independent consultants. In the process of the technical audit, the sanctity of all contracts agreement was upheld and all costs were evaluated to a realistic level. The value of work done up to date has been ascertained and the estimated cost of completion has also been calculated. The appropriate ministry that will be responsible for the completion of any project may further negotiate the time and cost of completion of any project.

As it has been enumerated above, all the terms of reference given to the former IMC has already been virtually completed. The handing over of projects to respective ministries has already commenced. The former IMC would have completed the winding down of the activities of the Petroleum Special Trust Fund as directed by Mr President by the end of June, 2000.

The total public funds to be recovered from various contractors, banks and consultants amounted to about Twenty five billion, seven hundred and fifty eight million five hundred and thirty two thousand four hundred and forty eight Naira.

Below is the Executive Summary of various reports of the independent consultants on verification exercise which resulted in the funds recoveries.

Members of The Interim Management Committee Are As Follows:
Dr. Haroun Adamu (Chairman), Alhaji Abdu Abdurrahim, Barrister Achana Gaius Yaro, Arc Edward Eguavoen, Mr. T. Andrew Adegboro, Engr Baba Goni Machina

Report On The Amount To Be Recovered From Some PTF Projects And Programmes
The Interim Management Committee was appointed by Mr President. One of the terms of reference of their appointment is to carry out verification exercise on all projects and programmes prior to packaging the projects and programmes for subsequent transfer to the appropriate line ministries. The recoverable exercises of the under-listed projects were completed and the various reports and the IMC recommendations forwarded to President Obasanjo for further directives.

The Listed Projects Are –
(i) Afriproject Consortium (APC) PTF Management Consultants and also Project Consultants (ii) PTF intervention in the HIV/AIDS Programme (iii) PTF Health Sector Intervention inputs (iv) PTF Prevalent cases of expiring drugs all over the country (v) PTF residential estate development on Plot 780 Cadastral Zone A8, Abuja FCT (vi) PTF Head Office extension contract at Airport Road, Abuja (vii) PTF-Bank accounts operated from inception to 31st December 1999.

AFPRI- Project Consortium (APC) Afri-Project Consortium were contracted by PTF as Management Consultants and Project Consultants. The former Chairman of PTF also delegated to them the power of Engineer in all appropriate project requiring such power. Afriproject Consortium then assumed an absolute power of initiation, approval and execution of all projects.

Three reputable management consulting firms were engaged to verify all payments made to (APC) from the inception of PTF up to 30th September, 1999. On verification it was found that they have over charged PTF for their services to the tune of N 2, 057, 550, 062 (Two billion fifty seven million five hundred and fifty thousand and sixty two Naira only).

(ii) PTF Assisted HIV/ AIDS Programmes : The intervention of PTF in the HIV/AIDS was flawed due to professional negligence by the management consultants. There was an excessive order of HIV/AIDS kits which resulted in most of the kits expiring before use. Also there was gross inflation of the purchase price. The two factors combined resulted in a loss of N 579,000,000 (Five hundred and seventy nine million Naira only).

(iii) PTF Intervention Programmes : PTF intervention in the health sector input programmes totalled to about N 9 billion Naira. The projects were executed by the management consultants and PTF in-house staff. In this sector there are three glaring areas of loss: (a) Purchase of specific frames which was done at N 1,900 each while they can be purchased locally at a price between N 80 and N 880. This resulted in total loss of N 45, 270,000 (b) Purchase of ambulances which was done at N 13,000,000 each instead of the price of N 3,000,000 each. This resulted in total loss of N 900,000,000 (Nine hundred million Naira only). (c) Purchase of drugs was done to the tune of N 3.08 billion. Price inflation and expiring of drugs resulted in a loss to PTF of about N 1, 500, 000,000 ( one billion, five hundred million Naira).

(iv) PTF Prevalence Expiring Drugs All Over The Country: A team of Pharmacists were commissioned to verify the Drugs Revolving Fund Programmes. Their findings were very depressing. A huge loss has been incurred by PTF as enumerated below:- (a) Drugs and consumables worth N 817, 831,723 (Eight hundred and seventeen million, eight and thirty one thousand seven hundred and twenty three Naira only) were found to have expired by October, 1999 (b) another quantity of drugs worth N 94, 741, 517 expired in December, 1999 (c) drugs worth N 233, 416, 829 will expire by March 2000 (d) Drugs worth N 461, 255,073 will expire by June 2000 (e) Drugs worth N 429, 117, 861 will expire by September, 2000 (f) Drugs worth N 1, 196, 276, 052 will expire by October- December, 2000.

There were many cases of deterioration of drugs as a result of faulty manufacturing, inappropriate packaging, improper storage and excess stock.

(v) PTF Residential Estate: The involvement of PTF in Residential Estate Development was out of its intervention sphere. As at now, the estate has been confiscated by government. The contract sum is N 703, 815, 416 (Seven hundred and three million, eight hundred and fifteen thousand four hundred and sixteen Naira only) while after verification, the whole project was valued at N 328, 901, 521 (Three hundred and Twenty Eight Million nine hundred and one thousand, five hundred and twenty one Naira only). There was an inflation of the contract to the tune of N 374, 913, 895 (Three hundred and seventy four million, nine hundred and thirteen thousand eight hundred and ninety five Naira only).

(vi) PTF Headquarters Extension: The IMC Commissioned Consultants to determine the current construction cost of the on-going extension at the headquarters office. The current construction cost determined by the Consultant came to N 326, 207, 861 (Three hundred and twenty six million, two hundred and seven thousand, eight hundred and sixty one Naira only) as against a contract sum of N 461, 216, 759 (Four hundred and sixty one million, two hundred and sixteen thousand, seven hundred and fifty nine Naira only) this resulted in contract sum inflation of N 135, 008, 879 (One hundred and thirty five million, eight thousand eight hundred and seventy nine Naira only).

(vii) Bank Accounts Operated By PTF From Inception To December 31, 1999: Various Consultants were commissioned to verify the Bank accounts operated by PTF from inception of the Fund up to 31st December, 1999. The Fund operated its bank accounts under three different categories viz- (a) Administration Account (b) Project Account (c) Treasury Account. Recoveries to be made from the various banks are as follow:

(a) Administration Account Total Amount recoverable is N 664, 415, 793 (Six hundred and sixty four million, four hundred and fifteen thousand seven hundred and ninety three Naira only). This is mainly due to overcharge on Cost of Turnover (COT), non-payment of interest on current account balances as stipulated by Central Bank of Nigeria (CBN) and other various discrepancies.

(b) Project Account On project Account, total amount recoverable is N 2, 467, 817, 167 (Two billion, four hundred and sixty seven million, eight hundred and seventeen thousand, one hundred and sixty seven Naira only). This is made up mainly from overcharge of Cost of Turnover (COT), non-payment of interest on Current Account balances as stipulated by Central Bank of Nigeria (CBN) and other various discrepancies.

(c) Treasury Account All the Treasury Accounts were verified and amount to be recovered is N 510, 749, 323 (Five hundred and ten million, seven hundred and forty nine thousand, three hundred and twenty three Naira only). This is mainly due to short-payment of interest on deposited funds. (See Box A).

The total sum of N 11, 658, 532, 448 (Eleven billion, six hundred and fifty eight million, five hundred and thirty two thousand four hundred and forty eight Naira only) is recoverable as per various reports completed as at now.

1.Other Potential Areas Of Fund Recovery : Road (Highways and Urban Roads) The PSTF uses about 70% of its income on highways and Urban Road Projects. In this project sector, there was total variation of contract sums of N 68,000,000,000 (Sixty eight billion Naira). These variations were not done with properly priced bills of quantities and approved civil contracts procedure as stipulated by government regulations. Taking the experience of what has been discovered after verification of previous contracts awarded by PSTF, the minimum potential recovery will be about 15%. This estimated percentage will be about N 10, 000, 000 (Ten billion Naira). The verification of this project sector was about to take off when the IMC members were replaced.

2. Rural Water Supply Programme The area of potential fund recoveries under this programme are basically two :- (i) Mobilisation paid to contractors who by now have not even commenced work (ii) Over pricing of contracts. The amount to be recovered from this project sector can be conservatively estimated at N 1,000,000,000 (One billion Naira).

The detail verification report on this programme has already been completed. The executive summary of this report was in the process of compilation when the IMC members were replaced.

3. National Health and Educational Institutions Rehabilitation Programme The detail verification exercise on this sector has already been completed by various independent Consultants. The executive summary for total amounts recoverable is now in the process of being compiled. The conservative estimate of amount recoverable due to non-performance of contractors and over-pricing of contract is about N 600,000,000 (Six hundred million Naira).

4. National Educational Material Procurement Programme This programme entails the purchase of educational materials such as text books, exercise books, chalk, dusters, pencils, biro, magazines, maps etc. The verification exercise of this programme is yet to commence. The conservative estimate of recoveries to be made due to non-performance by contractors and inflation of prices will be in the region of N 900,000,000 (Nine hundred million Naira).

5. Rural Telecommunication Programme The Rural Telecommunication Programme was supposed to be carried out in two phases viz: – (i) Pilot programme (ii) The main programme. The main programme was to commence after the pilot programme has been completed and certified as operational, but mobilisation of N 1, 600,000 (One billion, six hundred million Naira) was paid to the contractors for the main programme without any contract being signed at all.

In view of the government policy at present, the full amount of the mobilization paid can be recovered (i.e N 1,600,000,000), See Box B

The Committee recommended that the total recoverable amount can be used to offset some of the outstanding debts because some of the creditors are contractors from whom these amounts are to be recovered. It also recommended that the President may wish to set up a high powered judicial panel to recover the huge public fund and to take the necessary action against any officer, consultant or contractor whose negligence resulted in this colossal loss of public funds.

1 Like

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by DelGardo: 9:10am On Nov 13, 2014
Justcash:
Regional Bias in the Distribution of PTF benefits

This was most visible in the road construction carried out by PTF. Of all the roads rehabilitated by he PTF, only 1984.5 kilometres of roads representing 10.84 per cent were carried out in the South West; from where the bulk of the PTF revenue came since the zone consumes over 60 per cent of refined petroleum products. All the Southern States had 4,440.43 kms or 24 per cent of road rehabilitation as against 13,870.47 kms or 76 per cent in the Northern States zone three comprising the North-West States of Jigawa, Kaduna, Kano, Katsina, Kebbi, Sokoto and Zamfara had a lion share of 5020 kms or 27.42 per cent because the Fund’s Chairman, Buhari and the military dictator Sani Abacha were from there; zone four comprising the North-East States of Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe picked 23.48 per cent. This is the zone where Salihijo Ahmed, the late Chief Executive of Afri-Project Consortium APC, the sole consultants that supervised all PTF projects came from.


PDP and Jonathan should be ashamed of their atrocious performance on the strength of this part of the article alone. How many kilometres of road have they rehabilitated in 14 years with the trillions the country has earned? Never mind the distribution.

Intervention projects do not necessarily have to be even just for the heck of it. How many almajiri schools have been built in the south by Jonathan for example? Aren’t there homeless people in the south?

Jonathan is your atypical dying man who will hang on to a straw to save himself.

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Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Justcash(m): 9:19am On Nov 13, 2014
DelGardo:


PDP and Jonathan should be ashamed of their atrocious performance on the strength of this part of the article alone. How many kilometres of road have they rehabilitated in 14 years with the trillions the country has earned? Never mind the distribution.

Intervention projects do not necessarily have to be even just for the heck of it. How many almajiri schools have been built in the south by Jonathan for example? Aren’t there homeless people in the south?

J[s]onathan is your atypical dying man who will hang on to a straw to save himself[/s].


Your sense of objectivity is surely soaked in partisan loyalty so much that you can't help to stay subjective. This is about BUHARI's hypocrisy, nothing else.

4 Likes

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by vicadex07(m): 9:27am On Nov 13, 2014
brb
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by mikolo80: 9:33am On Nov 13, 2014
first even if he were corrupt we can point to what they used the money for but more importantly did any of you complain when he was in office instead of setting up committe when he had no authority to do sack the afri wetin wetin
abi do you think its resonable to expect him to go round all 8810 wards in nigeria you how many times you reach your village in a year. do your part and see if the general wont do his
but the mumu there now did not do anything about assuu strike for six months
chibok girls for over 200 days(dumbasss doesnt even know how many are missing)
do you know long ppl complained bfor he acted on stella oduah...i give up,vote for ur paymasters and see if the curses of 160million souls will not visit iiniquity on your children to the seventh generation

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Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Nobody: 9:33am On Nov 13, 2014
@Justcash

Very silly conjure from hideous minds. You be doyin okupe right? reno omokri? You have failed. Bring out documents, signed paper works, receipts etc as evidences and not some crafted writeup. We know your type doyin/reno, liars from HELL.

3 Likes

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Trailblazer1(m): 9:34am On Nov 13, 2014
Commentary on the way
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Nobody: 9:34am On Nov 13, 2014
@Justcash

Nigerians don't read. Ah ah!! grin grin grin
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by ba7man(m): 9:43am On Nov 13, 2014
Justcash:


PTF Fraud: How N25 Billion was stolen under Buhari’s watch
The Petroleum Trust Fund was inaugurated by the Abacha administration in March 1995 and General Muhammadu Buhari was appointed to head the Fund which was formed sequel to the increase in the pump price of petrol to N 11 from N 3.25. The then Head of State, Gen Abacha had said then that the Fund was to distribute the gain from the increased price on social and infrastructural projects.

The Fund started work with an initial capital of about N60b in 1996 with a mandate that included the rehabilitation of roads and waterways, educational and health institutions, providing textbooks and stationery, procuring essential drugs and vaccines, providing water supply systems, reviving crumbling agricultural sectors, connecting outlying areas to the national electricity grid, extending railways and telecommunications and ensuring consistent food supply.

Buhari often referred to as Mai Gaskiya (the honest one) was apparently considered for the job mainly because of the qualities he possessed, with the Abacha led government feeling that would douse the tension generated by the increase in fuel prices. With time however, allegations started flying that the PTF was no more than another avenue for the Abacha administration to siphon funds.

On assumption of office in 1999, Chief Obasanjo disbanded the PTF. One of the discoveries made by the administration was that between its inception and July, 1999, the funds that accrued to the PTF stood at N 181 billion. It was also found out that the Consultants appointed by the Executive Chairman of the Trust Fund, Gen Buhari constantly fleeced the country of funds running into billions.

In 2000, the Obasanjo administration set up an Interim Management Committee to take a look into the affairs of the Petroleum (Special) Trust Fund and ascertain among other things, how much has been spent by the PTF so far and what is on ground to justify the huge expenditure. The Committee the set to work and accomplished all the terms of reference by March 2000. The Interim Management Committee submitted that:

Term of Reference No 1:
The Interim Management Committee has already ascertained the total income that has accrued to PTF from its inception to date. The total amount that has accrued to PTF is N 181, 795, 000, 000 (One hundred and eighty one billion, seven hundred and ninety five million Naira). The report for the ascertainment of accrued income has been completed.

Term of Reference No 2
Independent Consultants were commissioned by the Interim Management Committee to ascertain the state of all the bank accounts operated by the Petroleum Special Trust Fund from its inception up to September, 1999.

All the assignments have been completed and all the reports submitted. An Executive Summary was prepared and a total of N 3, 642, 982, 280 (Three billion, six hundred and forty two million, nine hundred and eighty two thousand, two hundred and eighty Naira) was found to be recoverable from various banks, due to excess charges, under payment of interest on fixed term deposits and non-payment of interest on current account balances, as stipulated by Central Bank of Nigeria guidelines.

Terms of Reference No 3
The Petroleum Special Trust Fund intervened in, prepared and packaged, ready for transfer to the appropriate line ministry

(b) Food Supply Sector All the necessary verification work have been concluded for projects and programmes and reports already supplied by independent consultants. The programme is already in the process of being transferred to the appropriate ministry, as per the approval given by Mr President.

(c) Education Sector i) Educational Materials Procurement Programme: The verification of the entire programme has already been done and the process of handing over the whole programme to the appropriate beneficiaries has reached an advance stage as directed by Mr President ii) Rehabilitation of Educational Institutions: The services of various consultants have been used to carry out the technical audit of all the projects throughout the country and a comprehensive up to date report has already been completed by the co-ordinating consultants. The preparation of an Executive Summary has reached an advanced stage.

(d) Health Sector: (i) Drug Revolving Fund: The drug revolving fund programme has been thoroughly verified and all available stocks have been transferred to the various state governments. As per the directive of Mr President (ii) Rehabilitation of Health Institutions: The programme for the rehabilitation of Health Institutions throughout the country has been verified and a comprehensive up to date status report prepared. And Executive Summary for the attention of Mr President is being prepared.

(e) Water Supply Sector: All projects and programmes under this sector have been thoroughly verified in compliance with the terms of reference No 3. A comprehensive and up to date report has already been completed.

(f) Other Project Sector: The projects under the sector which were commenced have already been completed. The rest of the projects are yet to commence. The report stating the above mentioned up to date status of all projects under this sector has already been completed.

Terms Of Reference No 4

(i) The audited account of the fund as at 30th June, 1999 stating the Assets and Liabilities of the Petroleum Special Trust Fund has already been prepared by the KPMG Audit, a firm of Chartered Accountants. (ii) The Audited Accounts of the fund as at 31st December, 1999 stating the Assets and Liabilities of the fund has already been prepared by Pricewaterhouse Coopers Audit, a firm of Chartered Accountants. (iii) The Audited Accounts of the Fund for the month commencing January, 2000 to June 30th 2000 is to commence when the IMC was replaced. This would have given the asset and liabilities of the Fund at the end of the terms of the former IMC.
Terms Of Reference No 5

The present administrative structure was carefully examined and the best option is to transfer each departmental staff operating a project sector to the appropriate ministry where the projects are transferred. This will reduce hardship on the staff and also will enhance the capacity of the ministry concerned for it to cope with the additional responsibility.

Terms of Reference No 6 and 7
The former IMC has undertaken a thorough technical audit of all projects and programmes using well experienced independent consultants. In the process of the technical audit, the sanctity of all contracts agreement was upheld and all costs were evaluated to a realistic level. The value of work done up to date has been ascertained and the estimated cost of completion has also been calculated. The appropriate ministry that will be responsible for the completion of any project may further negotiate the time and cost of completion of any project.

As it has been enumerated above, all the terms of reference given to the former IMC has already been virtually completed. The handing over of projects to respective ministries has already commenced. The former IMC would have completed the winding down of the activities of the Petroleum Special Trust Fund as directed by Mr President by the end of June, 2000.

The total public funds to be recovered from various contractors, banks and consultants amounted to about Twenty five billion, seven hundred and fifty eight million five hundred and thirty two thousand four hundred and forty eight Naira.

Below is the Executive Summary of various reports of the independent consultants on verification exercise which resulted in the funds recoveries.

Members of The Interim Management Committee Are As Follows:
Dr. Haroun Adamu (Chairman), Alhaji Abdu Abdurrahim, Barrister Achana Gaius Yaro, Arc Edward Eguavoen, Mr. T. Andrew Adegboro, Engr Baba Goni Machina

Report On The Amount To Be Recovered From Some PTF Projects And Programmes
The Interim Management Committee was appointed by Mr President. One of the terms of reference of their appointment is to carry out verification exercise on all projects and programmes prior to packaging the projects and programmes for subsequent transfer to the appropriate line ministries. The recoverable exercises of the under-listed projects were completed and the various reports and the IMC recommendations forwarded to President Obasanjo for further directives.

The Listed Projects Are –
(i) Afriproject Consortium (APC) PTF Management Consultants and also Project Consultants (ii) PTF intervention in the HIV/AIDS Programme (iii) PTF Health Sector Intervention inputs (iv) PTF Prevalent cases of expiring drugs all over the country (v) PTF residential estate development on Plot 780 Cadastral Zone A8, Abuja FCT (vi) PTF Head Office extension contract at Airport Road, Abuja (vii) PTF-Bank accounts operated from inception to 31st December 1999.

AFPRI- Project Consortium (APC) Afri-Project Consortium were contracted by PTF as Management Consultants and Project Consultants. The former Chairman of PTF also delegated to them the power of Engineer in all appropriate project requiring such power. Afriproject Consortium then assumed an absolute power of initiation, approval and execution of all projects.

Three reputable management consulting firms were engaged to verify all payments made to (APC) from the inception of PTF up to 30th September, 1999. On verification it was found that they have over charged PTF for their services to the tune of N 2, 057, 550, 062 (Two billion fifty seven million five hundred and fifty thousand and sixty two Naira only).

(ii) PTF Assisted HIV/ AIDS Programmes : The intervention of PTF in the HIV/AIDS was flawed due to professional negligence by the management consultants. There was an excessive order of HIV/AIDS kits which resulted in most of the kits expiring before use. Also there was gross inflation of the purchase price. The two factors combined resulted in a loss of N 579,000,000 (Five hundred and seventy nine million Naira only).

(iii) PTF Intervention Programmes : PTF intervention in the health sector input programmes totalled to about N 9 billion Naira. The projects were executed by the management consultants and PTF in-house staff. In this sector there are three glaring areas of loss: (a) Purchase of specific frames which was done at N 1,900 each while they can be purchased locally at a price between N 80 and N 880. This resulted in total loss of N 45, 270,000 (b) Purchase of ambulances which was done at N 13,000,000 each instead of the price of N 3,000,000 each. This resulted in total loss of N 900,000,000 (Nine hundred million Naira only). (c) Purchase of drugs was done to the tune of N 3.08 billion. Price inflation and expiring of drugs resulted in a loss to PTF of about N 1, 500, 000,000 ( one billion, five hundred million Naira).

(iv) PTF Prevalence Expiring Drugs All Over The Country: A team of Pharmacists were commissioned to verify the Drugs Revolving Fund Programmes. Their findings were very depressing. A huge loss has been incurred by PTF as enumerated below:- (a) Drugs and consumables worth N 817, 831,723 (Eight hundred and seventeen million, eight and thirty one thousand seven hundred and twenty three Naira only) were found to have expired by October, 1999 (b) another quantity of drugs worth N 94, 741, 517 expired in December, 1999 (c) drugs worth N 233, 416, 829 will expire by March 2000 (d) Drugs worth N 461, 255,073 will expire by June 2000 (e) Drugs worth N 429, 117, 861 will expire by September, 2000 (f) Drugs worth N 1, 196, 276, 052 will expire by October- December, 2000.

There were many cases of deterioration of drugs as a result of faulty manufacturing, inappropriate packaging, improper storage and excess stock.

(v) PTF Residential Estate: The involvement of PTF in Residential Estate Development was out of its intervention sphere. As at now, the estate has been confiscated by government. The contract sum is N 703, 815, 416 (Seven hundred and three million, eight hundred and fifteen thousand four hundred and sixteen Naira only) while after verification, the whole project was valued at N 328, 901, 521 (Three hundred and Twenty Eight Million nine hundred and one thousand, five hundred and twenty one Naira only). There was an inflation of the contract to the tune of N 374, 913, 895 (Three hundred and seventy four million, nine hundred and thirteen thousand eight hundred and ninety five Naira only).

(vi) PTF Headquarters Extension: The IMC Commissioned Consultants to determine the current construction cost of the on-going extension at the headquarters office. The current construction cost determined by the Consultant came to N 326, 207, 861 (Three hundred and twenty six million, two hundred and seven thousand, eight hundred and sixty one Naira only) as against a contract sum of N 461, 216, 759 (Four hundred and sixty one million, two hundred and sixteen thousand, seven hundred and fifty nine Naira only) this resulted in contract sum inflation of N 135, 008, 879 (One hundred and thirty five million, eight thousand eight hundred and seventy nine Naira only).

(vii) Bank Accounts Operated By PTF From Inception To December 31, 1999: Various Consultants were commissioned to verify the Bank accounts operated by PTF from inception of the Fund up to 31st December, 1999. The Fund operated its bank accounts under three different categories viz- (a) Administration Account (b) Project Account (c) Treasury Account. Recoveries to be made from the various banks are as follow:

(a) Administration Account Total Amount recoverable is N 664, 415, 793 (Six hundred and sixty four million, four hundred and fifteen thousand seven hundred and ninety three Naira only). This is mainly due to overcharge on Cost of Turnover (COT), non-payment of interest on current account balances as stipulated by Central Bank of Nigeria (CBN) and other various discrepancies.

(b) Project Account On project Account, total amount recoverable is N 2, 467, 817, 167 (Two billion, four hundred and sixty seven million, eight hundred and seventeen thousand, one hundred and sixty seven Naira only). This is made up mainly from overcharge of Cost of Turnover (COT), non-payment of interest on Current Account balances as stipulated by Central Bank of Nigeria (CBN) and other various discrepancies.

(c) Treasury Account All the Treasury Accounts were verified and amount to be recovered is N 510, 749, 323 (Five hundred and ten million, seven hundred and forty nine thousand, three hundred and twenty three Naira only). This is mainly due to short-payment of interest on deposited funds. (See Box A).

The total sum of N 11, 658, 532, 448 (Eleven billion, six hundred and fifty eight million, five hundred and thirty two thousand four hundred and forty eight Naira only) is recoverable as per various reports completed as at now.

1.Other Potential Areas Of Fund Recovery : Road (Highways and Urban Roads) The PSTF uses about 70% of its income on highways and Urban Road Projects. In this project sector, there was total variation of contract sums of N 68,000,000,000 (Sixty eight billion Naira). These variations were not done with properly priced bills of quantities and approved civil contracts procedure as stipulated by government regulations. Taking the experience of what has been discovered after verification of previous contracts awarded by PSTF, the minimum potential recovery will be about 15%. This estimated percentage will be about N 10, 000, 000 (Ten billion Naira). The verification of this project sector was about to take off when the IMC members were replaced.

2. Rural Water Supply Programme The area of potential fund recoveries under this programme are basically two :- (i) Mobilisation paid to contractors who by now have not even commenced work (ii) Over pricing of contracts. The amount to be recovered from this project sector can be conservatively estimated at N 1,000,000,000 (One billion Naira).

The detail verification report on this programme has already been completed. The executive summary of this report was in the process of compilation when the IMC members were replaced.

3. National Health and Educational Institutions Rehabilitation Programme The detail verification exercise on this sector has already been completed by various independent Consultants. The executive summary for total amounts recoverable is now in the process of being compiled. The conservative estimate of amount recoverable due to non-performance of contractors and over-pricing of contract is about N 600,000,000 (Six hundred million Naira).

4. National Educational Material Procurement Programme This programme entails the purchase of educational materials such as text books, exercise books, chalk, dusters, pencils, biro, magazines, maps etc. The verification exercise of this programme is yet to commence. The conservative estimate of recoveries to be made due to non-performance by contractors and inflation of prices will be in the region of N 900,000,000 (Nine hundred million Naira).

5. Rural Telecommunication Programme The Rural Telecommunication Programme was supposed to be carried out in two phases viz: – (i) Pilot programme (ii) The main programme. The main programme was to commence after the pilot programme has been completed and certified as operational, but mobilisation of N 1, 600,000 (One billion, six hundred million Naira) was paid to the contractors for the main programme without any contract being signed at all.

In view of the government policy at present, the full amount of the mobilization paid can be recovered (i.e N 1,600,000,000), See Box B

The Committee recommended that the total recoverable amount can be used to offset some of the outstanding debts because some of the creditors are contractors from whom these amounts are to be recovered. It also recommended that the President may wish to set up a high powered judicial panel to recover the huge public fund and to take the necessary action against any officer, consultant or contractor whose negligence resulted in this colossal loss of public funds.
All these lean amounts of cash u're listing here. Gej has surpassed this level Naa.

$20 billion is one swoop, that's gotta be a world record.

2 Likes

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by DelGardo: 9:51am On Nov 13, 2014
Justcash:


Your sense of objectivity is surely soaked in partisan loyalty so much that you can't help to stay subjective. This is about BUHARI's hypocrisy, nothing else.

Who ever said that Buhari is perfect or infallible? Mind you concluding that he is a hypocrite is your (and the writer’s) opinion and not factual. You did not condemn the selective misuse of facts and partisan fabrications in the article, so stones and glass houses come to mind.

Meanwhile I support Buhari for President and you are clearly pro-Jonathan warts and all.

1 Like

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by miiraaj: 9:57am On Nov 13, 2014
diluminati:
@Justcash

Nigerians don't read. Ah ah!! grin grin grin

True! cheesy
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Justcash(m): 10:00am On Nov 13, 2014
DelGardo:


Who ever said that Buhari is perfect or infallible? Mind you concluding that he is a hypocrite is your (and the writer’s) opinion and not factual. You did not condemn the selective misuse of facts and partisan fabrications in the article, so stones and glass houses come to mind.

[s]Meanwhile I support Buhari for President and you are clearly pro-Jonathan warts and all.[/s]

I am anti-corruption and anti-hypocrisy. This is why I focus on thieves claiming to be Angels e.g. Buhari, ATIKU and Amaechi. JONATHAN is a thief, and he is not denying it.

3 Likes

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by vikyno(m): 10:24am On Nov 13, 2014
soe:
This is obviously the hand writing of Doyin Okupe

Judging from the choice of words, structure, pattern...

Please i keep askong myself...of these new allegations of xorruption against the peopke's general is true,

Then where were all these articles since 2003, 2007, 2011

Where are the documentary evidences?

It is easy to use your experience of corrupt practices to cook up stories in your wildest imaginations. But bring evidence...PDP took over from the military, Buhari became an opposition long long ago...I am very sure that if PdP had the slightest document to NAIL the people's general all these years..they would have brought it out since.

Now that it is clear you guys are

totally corrupt and inept, obstreperously garrulous...and gargantously insalubrious...

and the masses are clamouring for the people's general more than ever before..a situation you never imagined... You now want to paint him black.

I will leave you with these words...

Even if Buhari was as corrupt as Jonathan...
He was never as Clueless as Jonathan
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by biafranqueen: 10:26am On Nov 13, 2014
They will now come here and say it was his staff that purchased it can you do it all?
But when Auntie Stella did not research cost she was sacked.

General Muhammadu Buhari was appointed to head the Fund which was formed sequel to the increase in the pump price of petrol to N 11 from N 3.25.
shocked Obviously he should have built something what a shocking increase!
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Funniez: 10:37am On Nov 13, 2014
Chai guy u wicked o, so u expect me to re-read my J.s.s3 Agric science text book again??
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by kokoA(m): 10:37am On Nov 13, 2014
OP, when will you have sense? Do you know how hard PDP have been digging since 2003 to find at least one case of corruption against this fine general? I bet you, if Buhari had stolen 1naira out of government, right from 2003 PDP/government in power for don carry am for head dey hawk like gala everywhere.. Lol.. Since the couldn't pin him down with corruption, they decided to use religion/ethnicity against him because they know gullible Nigerians like you will buy into that sharply! grin I am not hausa, I am not a Muslim but I and my family will vote General Mohammed Buhari any time, any day to satisfy our conscience.

2 Likes

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by 9jii(m): 10:42am On Nov 13, 2014
Justcash:
Many Nigerians hold a narrow view when defining corruption.

According to professor (emeritus) Dr. Petrus van Duyne:
Corruption is an improbity or decay in the decision-making process in which a decision-maker consents to deviate or demands deviation from the criterion which should rule his or her decision-making, in exchange for a reward or for the promise or expectation of a reward, while these motives influencing his or her decision-making cannot be part of the justification of the decision.
Corruption can come in various forms and a wide array of illicit behavior, such as bribery, extortion, fraud, nepotism, graft, speed money,
pilferage, theft, embezzlement, falsification of records, kickbacks, influence peddling, and campaign contributions (APEC, 2006).

Buhari was extremely corrupt as both the head of PTF and as head of state. Since most people tend to present him as a saint that saw the prudent management of PTF funds, I will focus on his role in PTF.

WHEN, in 1994, the late General Sani Abacha, invited former Head of State, Major Gen. Muhammadu Buhari to serve as head of the newly created Petroleum (Special) Trust Fund (PTF), the latter gave one condition for this acceptance: He must be given the title of Executive Chairman, and he must have a free hand to run the Fund as he saw fit, without any interference from anyone.

The PTF was itself a child of controversy. Abacha had, in 1994, increased the price which Nigerians had to pay for petrol, diesel and kerosene. The Nigerian populace vehemently opposed the hike, both because the increase was exorbitant, and because most Nigerians were certain that the windfall from the price hike would find its way into the hands of a few highly placed Nigerians.

To assuage this fear, Abacha summoned Gen. Buhari from retirement, to administer a new Trust Fund into which all excess income from the price increase would be paid, and from which the Fund would intervene in critical areas of the economy in such a manner as to directly benefit ordinary Nigerians. Buhari's main qualification was that he was considered to be both a strict disciplinarian and an incorruptible man. And he was for this reason expected to ensure that the fund was properly used, and that it would not become another avenue from which public funds were simply carted away by a handful of well-placed Nigerians. That was the expectation. But the reality, in the end, was a story of massive and cynical looting of the public treasury.

How the Fund became a funnel

Gen. Buhari was Executive Chairman of the Petroleum (Special) Trust Fund from its inception in 1994, to its disbandment by the Obasanjo administration in 1999. According to the report of the Interim Management Committee, which was set up in that year to investigate the affairs of the Fund, the total income accruing to the Fund from mid-1994 to July 1999 was in excess of N181 billion. There were six major areas in which the PTF intervened directly during the period. They were: roads and waterways; supply of educational materials and rehabilitation of educational infrastructure; food supply; health; water supply; and what was curiously termed other projects.

The management structure of the Fund was so capricious, from start, as in retrospect to suggest that the executive chairman was far more impressed by his position as an alternate Head of State, an Interventionist Czar who was answerable to no one, not even the Head of State himself, than anything else. First, he unilaterally appointed a single consultant, Afri-Projects Consortium, as the sole adviser to the Fund. Then he delegated virtually all his powers to this agency. Afri-Projects Consortium was given the exclusive power to initiate projects, assess their probable cost, approve the costs, execute the projects, and assess the quality of execution, all alone. The Consortium's decisions could not be questioned by anyone outside the Fund. Even the statutory members of the Fund's Board of Trustees found themselves helplessly watching as huge sums of money were paid out for questionable projects. And not surprisingly, the three professional management firms recruited by the Interim Management Committee to audit the performance of Afri-Projects Consortium came up with the unanimous conclusion that APC had over-charged the Fund for its services to the tune of over N2 billion.

APC directly managed the HIV/AIDS Intervention Programme of the Fund. Its managerial incompetence was found to be staggering. It knowingly imported sub-standard, poorly packaged, poorly stored, expired, or soon to expire treatment kits and drugs. And in the end, the auditing firms that investigated APC's performance concluded that it had cost the government N579 million by stocking huge silos of useless drugs and kits, purchased at inflated prices.

PTF's intervention in other areas of the health sector was equally atrocious. For instance, under the supervision of the omnipotent APC, PTF purchased large quantities of spectacle frames which were at the time costing only N800 a piece locally, for N1,900 a piece. This cost the public treasury over N45 million in inflated charges.

Ambulances whose going price at the time was N3 million each were found to have been purchased for N13 million each, leading to a loss to the treasury of N900 million.

PTF, through APC, purchased general drugs at the cost of N3 billion. The Interim Management Committee's consultants concluded that the Fund had been cheated by as much as N1.5 billion through inflated charges, and because most of the drugs had already expired before they could be safely used.

The Interim Committee's consultants also discovered that PTF had decided, without approval from the government, to build a residential estate in Wuse, Abuja, a project which was clearly outside the scope of its intervention mandate. The project purportedly cost PTF N703 million. But the consultants concluded that a realistic valuation of the project could not exceed N328 million. The project cost was inflated by more than 100 per cent, at N375 million.

In virtually every other area of PTF activity, three separate consultants engaged by the Interim Committee, and working independently, concluded that there had been massive fraud or criminal mismanagement of funds belonging to Buhari's empire. The Headquarters Extension and Renovation Project of the PTF cost the Fund N461 million. The consultants determined that it should not have cost more than N326 million. The Fund had been defrauded by N135 million.

The PTF had three main bank accounts. The independent consultants concluded that the Fund had been short-changed by as much as N3.6 billion by way of short payment of interest accruals from deposits, or excessive charges on Cost of Turnover by preferred banks.

The Rural Water Supply Scheme was another funnel from which huge sums of money were siphoned away. The independent consultants determined that as much as N1 billion was recoverable from inflated costs and mobilisations for work that was never done. They discovered, also, that the Fund had lost as much as N900 million in the Educational Materials Supply Scheme, through inflated charges and non-performance of contracts duly paid for.

The Rural Telecommunications Development Scheme was another such scheme from which money was cynically carted away by favoured clients. The scheme was designed in two parts: a Pilot Phase, and the Main Phase. The Pilot programme was intended to determine the viability of the project. But this did not deter PFF, under Gen. Buhari, to award contracts for the main programme to the tune of N1.6 billion, without any contracts signed, and before any conclusions could be drawn from the Pilot project.

It is a horrendous story of criminal negligence, cynical fraud, and unprecedented disregard for all civilised standards of prudence and transparency in the disbursement of public funds. In the end, the independent consultants concluded that of the N181 billion that accrued to PTF in the four and a half years of its existence between July 1994 and July 1999, as much as N25 billion was either stolen or improperly expended.

The great man's defence

Sources from within the PTF Interim Management Committee assert that when Gen. Buhari was invited to comment on the findings of the committee's consultants regarding the conduct of the empire over which he presided, he coyly retorted that he was not aware that such massive fraud went on his watch, but that in any event, he could not have benefited personally from the hideous purloining of the treasury. .

That may be true, but it does not detract from the fact that he delegated to this outfit the sole and exclusive power to initiate projects, assess those submitted by other companies, approve variations on contract sums, and determine the quality of work done. He also, by his own admission, according to our sources, approved in writing all recommended payments from the Fund. But he did not know, he claimed, that those to whom he had delegated virtually all his powers were stealing the country blind. And no one has a right to call him to account, since to do so would be to question his famous reputation.

Former president Shehu Shagari was kept in jail for nearly one and a half years by Buhari, and almost lost his sight, when Buhari seized power on December 31, 1983, not because he was found guilty of any criminal offence, certainly not for abuse of his office. Shagari's only crime, it appeared, was that Buhari was convinced that the buck stopped at his desk, for as President, he had to pay vicariously for the purported crimes of his lieutenants. Umaru Dikko, Shagari's ubiquitous Minister of Transport, almost died in a crate, contrived by Buhari, that was en route from London to Nigeria, where he no doubt would have suffered worse than Shagari's fate. Some state governors were jailed for 200 years and more, because they could not account for how they spent their security votes (which were often no more than N20 million).

Regional Bias in the Distribution of PTF benefits

This was most visible in the road construction carried out by PTF. Of all the roads rehabilitated by he PTF, only 1984.5 kilometres of roads representing 10.84 per cent were carried out in the South West; from where the bulk of the PTF revenue came since the zone consumes over 60 per cent of refined petroleum products. All the Southern States had 4,440.43 kms or 24 per cent of road rehabilitation as against 13,870.47 kms or 76 per cent in the Northern States zone three comprising the North-West States of Jigawa, Kaduna, Kano, Katsina, Kebbi, Sokoto and Zamfara had a lion share of 5020 kms or 27.42 per cent because the Fund’s Chairman, Buhari and the military dictator Sani Abacha were from there; zone four comprising the North-East States of Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe picked 23.48 per cent. This is the zone where Salihijo Ahmed, the late Chief Executive of Afri-Project Consortium APC, the sole consultants that supervised all PTF projects came from.

Figures in other sectors were more scandalous. For instance, under the National Health and Educational Rehabilitation Programme (NHERP), the the North picked 100 per cent. In the vocational programme, North had 97 per cent . In the primary area, the North enjoyed 88 percentwith the other regions sharing 12 percent, and in the secondary area, the North had 86 per cent.The health sector is similar. For the Teaching Hospitals, the North had 62 per cent. For the Specialist Hospitals, it was 71 per cent for the North; in General/State Hospitals the North had 56 per cent for health clinics. Under the food supply summary, it was 83 per cent for the North, Buhari’s zone having 60.54 per cent to itself.

http://www.nigerianmuse.com/20061228122222zg/nigeria-watch/all-about-the-oputa-panel-hrvic/nigeria-has-persecuted-the-yoruba-submission-of-afenifere-to-the-human-rights-violations/

http://news.biafranigeriaworld.com/archive/ngguardian/2002/nov/03/article12.html

ALL OF THE FACTS ABOVE COUPLED WITH THE FACT THAT BUHARI IS A PROPONENT OF NEPOTISM SHOWS THAT HE IS VERY VERY CORRUPT.
I 'll still Vote GMB.
Sai BUHARI!
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by DelGardo: 11:03am On Nov 13, 2014
Justcash:


I am anti-corruption and anti-hypocrisy. This is why I focus on thieves claiming to be Angels e.g. Buhari, ATIKU and Amaechi. JONATHAN is a thief, and he is not denying it.

Really? Forgive me but you come across like you are on a witch-hunt mission. Seeing as you overlook known thieves like Jonathan – according to you – in pursuit of phantom hypocrites, all of whom happen to be in another party.

Bros stand up for what you believe in.... Jonathan na your man. wink
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Justcash(m): 11:37am On Nov 13, 2014
DelGardo:

Really? Forgive me but you come across like you are on a witch-hunt mission. Seeing as you overlook known thieves like Jonathan – according to you – in pursuit of phantom hypocrites, all of whom happen to be in another party.
Bros stand up for what you believe in.... Jonathan na your man. wink

You call them known thieves, so why should I be worried about them? I am more worried about the obvious thieves that are trying very hard to deceive NIGERIANS that they are saints. Unfortunately, the most visible of all of these politically deceptive thieves are currently in the APC.

My candidates are BABATUNDE Fashola and Sullivan Chime. Although I prefer to have GEJ than BUHARI, ATIKU and Amaechi, GEJ is also a thief but more pro-developmental.
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by 24in7: 11:54am On Nov 13, 2014
.

Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by DelGardo: 12:07pm On Nov 13, 2014
Justcash:


You call them known thieves, so why should I be worried about them? I am more worried about the obvious thieves that are trying very hard to deceive NIGERIANS that they are saints. Unfortunately, the most visible of all of these politically deceptive thieves are currently in the APC.

My candidates are BABATUNDE Fashola and Sullivan Chime. Although I prefer to have GEJ than BUHARI, ATIKU and Amaechi, GEJ is also a thief but more pro-developmental.

Settled then, you prefer thieves to 'perceived' saints . You have also concluded that some GEJ's opponents are hypocrites.. again you are entitled to your opinion.

I prefer facts.

-You propose Fashola and Chime (your preference)
-Fashola and Chime are good leaders (my opinion)
-Fashola and Chime are not presidential aspirants (fact)
-GEJ is a presidential candidate (fact)
-Buhari is an presidential aspirant (fact)
-GEJ's opponents are hypocrites (YOUR BIG FAT SUBJECTIVE OPINION)

You may do well to stop talking about my objectivity because you take subjective reasoning to a whole new level.
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by mrofficial(m): 12:19pm On Nov 13, 2014
Let me just say that, if Buhari is corrupt, Jonathan has stolen enough, let Buhari come and take over.

PDP, doing everything possible to bastardise Buhari since 19BC.
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Justcash(m): 12:24pm On Nov 13, 2014
DelGardo:


Settled then, you prefer thieves to 'perceived' saints . You have also concluded that some GEJ's opponents are hypocrites.. again you are entitled to your opinion.

I prefer facts.

-You propose Fashola and Chime (your preference)
-Fashola and Chime are good leaders (my opinion)
-Fashola and Chime are not presidential aspirants (fact)
-GEJ is a presidential candidate (fact)
-Buhari is an presidential aspirant (fact)
-GEJ's opponents are hypocrites (YOUR BIG FAT SUBJECTIVE OPINION)

You may do well to stop talking about my objectivity because you take [s]subjective reasoning to a whole new level.[/s]

Oh well, it is pretty obvious whose view is influenced by political affiliation rather than facts on ground when my view is compared with yours. Having said that, I maintain that based on the VERIFIABLE FACTS on ground against your purported incorrptible Buhari "the stainless" messiah, he is EXTREMELY CORRUPT. His type of corruption is scary because it is type that we call," CHOP AND CLEAN MOUTH"
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Justcash(m): 12:31pm On Nov 13, 2014
mrofficial:
Let me just say that, if Buhari is corrupt, Jonathan has stolen enough, let Buhari come and take over.

I disagree with you. APC, as an opposition party, should present BABATUNDE FASHOLA as their presidential aspirant. That will ensure that your "thief change thief theory" will be avoided. It is as easy as ABC. Must a thief change a thief?

The kain Ogun Thunder wey go hammer APC if they present a thief in February will be unprecedented. Why should I vote in a hungry thief when I'm grappling with an existing thief that is almost satisfied with his loot? No be die be dat?
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by Moheat(m): 12:32pm On Nov 13, 2014
Please move this to front page and let them know! I have always tell people that Buhari is not a saint as he is being painted to be.

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Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by ayukdaboss(m): 12:51pm On Nov 13, 2014
BRB
Re: Buhari Was Very Very Corrupt (see Facts And Figures Inside) by mrofficial(m): 1:09pm On Nov 13, 2014
Justcash:


I disagree with you. APC, as an opposition party, should present[b] BABATUNDE FASHOLA as their presidential aspirant. That will ensure that your "thief change thief theory" will be avoided.[/b] It is as easy as ABC. Must a thief change a thief?

The kain Ogun Thunder wey go hammer APC if they present a thief in February will be unprecedented. Why should I vote in a hungry thief when I'm grappling with an existing thief that is almost satisfied with his loot? No be die be dat?

How many times shall it be told to you people that Fashola cannot defeat GEJ as it stands now? The only one that can send GEJ packing out of Aso rock is Buhari. Take it or leave it, it is the fact.

If PDP was to present a different candidate for 2015 presidential election, then Fashola would have been the best candidate under APC.

Buhari is not corrupt! Just in case you didn't get the sarcasm in my message. Even if Fashola emerges as the presidential candidate under APC today, many false articles will come out to paint him black and bad.

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