Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,194,584 members, 7,955,152 topics. Date: Saturday, 21 September 2024 at 06:02 PM

Corruption Flourished In Abacha's Regime. GMB PTF BOSS - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Corruption Flourished In Abacha's Regime. GMB PTF BOSS (769 Views)

Throwback Photo Of Buhari Under Abacha's Regime / Shut Up Or I Expose Your Dirty Deals As Petrol Minister And PTF Boss, IBB Warned / Abacha's Regime Was One Of The Best Performing Governments In Our History (2) (3) (4)

(1) (Reply)

Corruption Flourished In Abacha's Regime. GMB PTF BOSS by Nobody: 10:28am On Nov 23, 2014

In nearly five secretive years in power, Nigeria's Gen. Sani Abacha built a reputation for authoritarian, sometimes brutal rule. He was less known -- but in terms of his legacy to Nigeria, perhaps more important -- for overseeing a web of corruption that Nigerians and oil industry sources say plundered billions of dollars from the country.
yet buhari said abacha was not corrupt!


They took kickbacks from foreign companies for licenses to search for oil in the basin and delta of the Niger River and offshore. They got bribes from construction firms that won contracts to build drilling rigs and pipelines.

In recent years, Abacha, his allies and top officials have added a new form of corruption that is killing the Nigerian economy -- the siphoning of money used by Nigeria's oil refineries to turn crude into gasoline. Finance and Oil Ministry officials argue openly in the Nigerian press over who is responsible for diverting more than $2 billion from the four state-owned refineries in recent years, but the refineries' ruin creates an artificial fuel shortage for this nation of more than 100 million people.

Nigeria is thus forced to import refined fuels, such as gasoline, and, traders say, Abacha and his cronies controlled that trade too, skimming off a percentage. The government subsidizes the sale price of gasoline and other fuels, but Abacha loyalists among the officer corps and civil service divert much of the available supply to sell on the black market or to neighboring countries. The fuel shortage has forced the economy into near depression, leaving millions of people poorer and sicker.
hmm we hear that pdp in power ruined our refineries. But from this, we see that during abacha era, our refineries were being destroyed and buhari was ptf chairman who did not speak against the corruption. So much for mai gaskiya!

"In Nigeria, corruption isn't part of government, it's the object of government," said a Nigerian political scientist who asked not to be named. For 28 of the 38 years since Nigeria gained independence from Britain, the country has been ruled by the military, and Nigerians say corruption has grown steadily. For the past two years, Transparency International, a Berlin-based organization that monitors corruption, has conducted surveys of businessmen that have ranked Nigeria as the world's most corrupt place to do business.
hmm http://www.washingtonpost.com/wp-srv/inatl/longterm/nigeria/stories/corrupt060998.htm

(1) (Reply)

Kate Henshaw Says She Will Not Share Money For Campaign. / Anambra State:tension As Apga's Delegates List For The Primary Doctored... / Kwankwaso Calls Jonathan And PDP Weak

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 13
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.