South Got 70% Of Fund Allocated For Road Construction Under PTF - Politics - Nairaland
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| South Got 70% Of Fund Allocated For Road Construction Under PTF by LFJ: 2:55am On Dec 27, 2014 |
Popular ThisDay newspaper columnist, Waziri Adio today -December 26 2014- felt compelled to speak up and clear the air on false accusations that Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC) was ‘sectional’ in the widely-acclaimed impact of the Petroleum Trust Fund (PTF) he chaired under the Sanni Abacha regime. In a series of, tweets, 35 in total Waziri made it clear that “the South got 70% in terms of amount located, and the North got 30%”. The tweets are very enlightening. : In a few minutes, I will start tweeting about the Petroleum Special Trust Fund (PTF) headed @ThisIsBuhari btw May '95 and May '99. 2. There have been allegations that the PTF projects were lopsided in favour of the north, aimed at portraying @ThisIsBuhari as sectional. 3. There have also been allegations of fraud in PTF, meant to show that @ThisIsBuhari not as clean as portrayed. 4. I will provide some background on PTF and present some facts based on public documents and leave you to draw your conclusions. 5. PTF was set up by Gen Abacha in May '95, headed by @ThisIsBuhari, with Chief Tayo Akpata as Secretary. Other members representing different zones were Y. Gusau, A Talib, Rufus Giwa, Prof. Chimere Ikoku, Prof. JP Clark, D.B Zang. 7. PTF was charged with using portion of increase in fuel price to rehabilitate roads, schools, hospitals, water schemes n provide supplies 8. Despite charges of being a parallel govt, at no point was PTF budget more than 10% of total budget of the federation. 9. Widely circulated allegation of lopsided siting of PTF projects by Afenifere a bit exaggerated. 10. It is true that out of the 13,090km roads rehabilitated, 32% in the south and 68% in the north. But that's half the story. 11. In terms of km, 7.3% of d rehabilitated roads were in SE; 8.5% in SW;16.25 in SS; 21.1% in NW; 23.4% in NE; and 23.5% in NC. 12. But it is also true that the landmass varies among zones and same with degree of difficulty and cost. 13. A look at the cost of roads in different zones and the overall allocation to zones in all PTF projects show a different picture. N77. 2b was committed to roads out of the total of N187b allocated to PTF till May 99. 15. Of the N77.2b to roads, SW got N 9.7 b; SE, N14.5b; SS, N 30. 5b. This means SW got 12.6% of road budget; SE, 18.8%; SS, 39.5%. 16. Of d N77.2b committed to roads, NE got N7.1b; NC, N7. 4b; NW, N7.9b, meaning NE got 9.2%, NC got 9.6% and NW 10.3%. 17. This shows that in terms of cost, the variation btw north and south reversed in favour of d south. 18. Under roads, the south got 70% in terms of amount allocated and the north got 30%. 19. It may sound counter intuitive, but it is also an established fact that road construction costs more in the south than in the north. 20. Those circulating facts about kilometers of roads possibly also have information about cost of the roads and total allocation. 21. Possibly, they selectively chose the data set that will help their argument that @ThisIsBuhari is sectional. 22. Also, of the total N187b allocated to PTF, the south got more than the north. 23. In the 6 areas under PTF, SE got N26.9b; SW, N28.8b; SS, N49b. Representing 15% for SE, 15.4% for SW, and 26.2% for SS. 24. That is a total of 56.7% for the south out of the entire budget of PTF. 25. Of d total PTF allocation, NC got N20bn; NE, N26b; and NW N34. 9b. Meaning 10.7% for NC; 13.9% for NE; and 18.7% for NW. 26. That's 43.3% for the North out of the total N187b allocation to PTF. 27. On allegations of fraud in PTF under @ThisIsBuhari, it is important to bear a few things in mind. 28. OBJ set up two interim mgt committees on PTF, before eventually asking PTF to be wounded up. 29. First committee was under Dr. Haroun Adamu. 2nd under Alh. Garba Mubi. Dr Adamu Maina - Waziri was asked to wind up PTF. 30. For two years, police and SSS interogated officials of Afri-Project Consortium, project consultant to PTF. 31. Up till today, no one charged or prosecuted. In fact two of d founders of Afri-Project Consortium later served in OBJ's govt. 32. Murtala Aliyu was minister of state for works, and Amina Mohammed served as SSA on the MDGs and is now an adviser to the UN Sec-Gen. 33. However, anytime @ThisIsBuhari is planning to contest some people dredge up allegations of sectionalism and fraud in PTF. 34. Sometimes it is claimed that no one prosecuted so as not to embarrass @ThisIsBuhari. But what does that say about those making d claims? 35/35. This is it for now on PTF and @ThisIsBuhari. Good evening.) http://saharareporters.com/2014/12/26/anytime-buhari-contests-they-dredge-false-accusations-sectionalism-ptf”-–-columnist 9 Likes 1 Share |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Garrithe1st: 3:04am On Dec 27, 2014 |
Change is here, I can feel it in the air. I just celebrated Christmas and Boxing day in darkness. Yet JonaSaTAN gives me tales of how he is the Jesus of Africa. GMB 2015. Change!!!!!  9 Likes 1 Share |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Rawani: 3:32am On Dec 27, 2014 |
Beautiful, Enlightening and Illuminating. General Buhari has been vindicated, Nigeria needs this brand of excellence one more time. 6 Likes |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by tit(f): 3:36am On Dec 27, 2014 |
where is the source data? you cannot cook up lies and just force it down our throats like it is gbegiri. Buhari and APC should stop feeding the nation with lies! 8 Likes |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by DIVINE78: 3:50am On Dec 27, 2014 |
This is enlightening. 3 Likes |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by seanet02: 4:29am On Dec 27, 2014 |
We are tired of your lies. I just spent N3000 on fuel even though i have enough credit on my prepaid meter. Enough is enough. Change. tit: 3 Likes |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Nobody: 4:39am On Dec 27, 2014 |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by nuclearboy(m): 6:23am On Dec 27, 2014 |
tit: Please, PLEASE, for the sake of all that's good and decent, try refute this sensibly or just slink by quietly. This isn't news that we can scatter, confuse etc as usual |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by nuclearboy(m): 6:26am On Dec 27, 2014 |
@OP: The link up there isn't working. Please let us find out the truth about this - many of us (me included) have always believed PTF favored the north more than the south and would like to see proof that PTF was fair |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by olyivy(f): 6:52am On Dec 27, 2014 |
LFJ: Anyone who really need to understand what truly transpired in Buhari's PTF should read the article below from the sharia reporters themselves. Buhari is not only corrupt but highly incompetent! I am sure the Janjas wont read or click on the link so I mainly posted it for the true progressives. Abacha said the PTF was established to use portion of the proceeds of the increase to intervene in critical sectors of the economy. What this meant in practical terms was that this was a super-parastatal bigger than any ministry and answerable to none. In fact, it was severally described as “a parallel government”. With a starting fund of N61 billion, it had more funds than three-quarters of the ministries combined. [size=17pt]By the time it was being disbanded by President Obasanjo in 1999, records show it had collected N181, 795, 000, 000 (One hundred and eighty one billion, seven hundred and ninety five million Naira).[/size] Now, what you normally hear from the pro-Buhari crowd about his period as Chairman of the PTF are extremely selective and sanitized accounts of how contracts for roads and other things were executed, how contractors were paid on time and how they patronized Nigerian drugs producers for the hospitals, etc. But, let’s just let that be, the lies and all; let’s look at something else that they never ever discuss. The thing you will never hear from them is how Buhari ran the affairs of the PTF. True, PTF had other board members like Tayo Akpata who was the Secretary and Group Captain Usman Jibrin, a board member who actually accused Buhari of corruption and who resigned in protest at the way Buhari ran the place. In an interview with the Sunday Trust of 18th October 2009, Group Captain Jibrin explained why he left thus: “What happened was that he (Buhari) followed the wrong procedure initially. He brought in the late Ahmad Salihijo [/b]without informing us. We just saw these boys in the meeting. We asked him, who are these boys? He said that they were just helping him to take notes. We didn’t know that he engaged them as consultants without our knowledge and consent because we are all members. I told him that it was wrong. As trustees, if something went wrong, we were the people that would be prosecuted, not any other person. I asked them to change the procedure and they were not ready to change it. I said ok, bye, bye….” [size=18pt]The name Ahmad Salihijo is a recurrent one in the corruption at the PTF. He was Buhari’s brother in-law who was his front at the organization. [/size]The account of Group Captain Jibrin above is a tip of the iceberg. [b]Before being brought in through the backdoor he had registered a company known as Afri-Projects Consortium (APC), which acted as the sole super-consultant, sole-adviser and super-contractor to the PTF. This was the company that was the gateway to the organization, the only one that acted on behalf of Buhari who was the Czar of this empire. Pro-Buhari people will tell you the PTF released annual reports or statements, but of what value were these under Abacha? Of what value was a report card that only you prepared for yourself? The important fact was that throughout his time as PTF Chairman, there was not one independent audit of such a huge organization handling such massive public funds. Suffice it to say the rapaciousness of the stealing is detailed in a public document, which is the report of the Interim Management Committee set up in 1999 to investigate the affairs of the organization and supported by three independent auditing firms. The report reads like a manual of how to rip a public institution to pieces. There were six major areas in which the PTF intervened directly during the period. These were in the areas of roads and waterways; supply of educational materials and rehabilitation of educational infrastructure; food supply; health; water supply and what was curiously termed “other projects”. One of such other projects was the building of an estate in Wuse Abuja, something entirely not within its mandate. 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 without oversight from anyone. They reported to no one, but Buhari and there is no official record of any such report in writing. Other PTF board members became toothless as they just watched Buhari and his super-consultants, a lot of whom he appointed personally as ‘Financial Consultants’ to be dealing with contractors and who report directly to Ahmad Salihijo and himself. Outside its irregular appointment and operations and charges of “managerial incompetence”, the report indicted Afri-Projects Consortium (APC) for overcharging the PTF for its services to the tune of over N25 billion. The firm directly managed the PTF HIV/AIDS Intervention Programme, knowingly importing sub-standard, poorly packaged, poorly stored, expired, or soon to expire treatment kits and drugs which the auditors said cost the government N579 million in waste via the stocking of useless drugs and kits in huge silos, all purchased at inflated prices. The same APC purchased large quantities of spectacle frames for N1,900 a piece at a time it cost only N800 a piece locally. Again, this cost the public treasury over N45 million in inflated charges. They further cost the treasury N900 million in inflated charges when they bought ambulances that cost N3 million each for N13 million each. The report also found that the PTF’s purchase of general drugs through the APC at the cost of N3 billion was overinflated by as much as N1.5 billion. To add salt to injury, most of the drugs in question were expired drugs. The Interim Management Committee's consultants also recorded that the PTF residential estate in Wuse, Abuja, which had no government approval and was outside the PTF mandate had cost N703 million where a realistic valuation of the project could not exceed N328 million. Even the PTF’s Headquarters Extension and Renovation Project which cost the Fund N461 million was determined by the auditors to not cost more than N326 million. The Educational Materials Supply Scheme lost N900 million to inflated charges and non-performance of contracts already paid for. Similarly, N1 billion was recorded to have been siphoned through the Rural Water Supply Scheme in the form of inflated costs and non-performance of contracts already paid for. The Rural Telecommunications Development Scheme was another project from which money was siphoned. This one was so unbelievably cynical that it was beyond belief. There were two parts to the scheme – the Pilot Phase and the Main Phase. The first was a condition precedent. It required that the PTF under General Buhari would under this first scheme first determine if the project was viable. If determined not to be viable, invariably, the Main Phase would not be commenced. But even before the Pilot Phase could be concluded, Buhari awarded the contract for the Main Phase to the tune of N1.6 billion, without any contracts signed, and before any conclusions could be drawn from the Pilot project. The auditors looked at the three main bank accounts of the PTF and concluded that the PTF had been shortchanged by up to N3.6 billion by way of short payment of interest accruals from deposits, or excessive charges on Cost of Turnover by preferred banks. As anyone can see, I have avoided the more political charges against Buhari, which bordered on the fact that the PTF projects were evidently lopsided in favour of the North. Again, the records are there in public space, but that should not detain us too long here. My core concern here is that people should see truly what Buhari’s record in public service is, rather than believe the fairy tales. Anyone who could preside over such wanton fraud without any regard for accountability and transparency cannot be said to be honest and incorruptible. He’s not only corrupt, but highly incompetent. http://saharareporters.com/2014/11/02/buharists-and-their-stockholm-syndrome 6 Likes |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by PassingShot(m): 6:58am On Dec 27, 2014 |
Moderators, this is needed at the front page please. 1 Like |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by PassingShot(m): 7:00am On Dec 27, 2014 |
olyivy: Try another lie or lies! 1 Like |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by PassingShot(m): 7:03am On Dec 27, 2014 |
tit: See who is talking! We don die for Naija ooo. 1 Like |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Bruteforce101: 7:07am On Dec 27, 2014 |
tit: Bro, I will deactivate my account the day you make sense. 2 Likes |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by fctboy: 7:29am On Dec 27, 2014 |
LFJ: |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by orimsamsam(m): 7:38am On Dec 27, 2014 |
tit:. Dude why are sm blinded by sentiment that when u see the truth you immidiately become blind |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Toktee(m): 7:54am On Dec 27, 2014 |
tit:That is the problem,when you sleep and wake up in another mans bed leaving ur own unattended,check saharareporters. I dnt even thnk you read b4 comenting cos the source is at the end of the story. |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by egift(m): 8:05am On Dec 27, 2014 |
whenever the truth is revealed, PDP always find themselves pants-down, empty-handed in the cold. Mods Frontpage  Sai Buhari 2015 - to God be the glory! |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by olyivy(f): 8:09am On Dec 27, 2014 |
PassingShot:Is that the only thing you saw in that post? You are one of his victims!  |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by anonimi: 8:11am On Dec 27, 2014 |
Yet another LIE from the renowned fabricators, Association of Pretending Crooks, APC that will soon be bursted  1 Like 1 Share |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by anonimi: 8:16am On Dec 27, 2014 |
olyivy: Rural telephones, chai! Na who see dem from PTF of General Buhari  How many una see? LFJ: BTW, who is Waziri Adio the tweeter who is the sauce of these spurious figures  2 Likes 1 Share |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by olyivy(f): 8:21am On Dec 27, 2014 |
anonimi: It is no tweet dear. It is in the report of the Interim Management Committee set up in 1999 to investigate the affairs of the PTF and supported by three independent auditing firms. 1 Like |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by anonimi: 8:26am On Dec 27, 2014 |
olyivy: My reference to the tweet sauce was for the BOGUS 70% south roads by PTF I understand about the FRAUDULENT rural telephone being from the IMC report. Let me see if/how to edit my post to avoid any possible mix-up by other readers. Cheers! |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by olyivy(f): 8:26am On Dec 27, 2014 |
Now heres the part that either makes Buhari another evil genius of his own kind or simply a proof that what he did in PTF was too horrible for his inlaw to handle:
1 Like |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by lorddannie: 9:04am On Dec 27, 2014 |
tit: Buhari and his APC goons are trying hard to shield and cover his bloody, cruel and oppressive past by lying to Nigerians even when the records are there. Buhari ran a parallel government with his previous subordinate, Abacha through the PTF. He used funds from the PTF to carry out infrastructure development in the core north and other areas where his cronies are. Records have it that north got the lion share of all PTF projects with very little of nothing going to other region. The south, particularly the south-south which funds this nation and the PTF, got meagre portion of the project. Buhari's selective justice and inequitable treat of the south will never be forgotten. The continuous blatant lies from Buhari's goons and sycophants is only adding insult to injuries and proving the fact that the old dog will never change.  1 Like |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Nobody: 9:12am On Dec 27, 2014 |
LFJ: Where is the lying biafranqueen |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Nobody: 9:13am On Dec 27, 2014 |
tit: Where is your own source that says the north got more than the south? |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Nobody: 9:17am On Dec 27, 2014 |
Interesting.
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| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by ItsMeAboki(m): 9:17am On Dec 27, 2014 |
VINDICATION 1 Like
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| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Kenai: 9:18am On Dec 27, 2014 |
Aww, how sweet? Is this like another one of those unsourced tales from Buhari's camp? By the way, how are things with that "Igbo son-in-law" of his? Did the son-in-law have a merry Christmas? When are we going to meet that brother though? http://www.osundefender.org/?p=199951 Kwakwakwa! 1 Like |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by folahann(m): 9:18am On Dec 27, 2014 |
Sai Buhari, the change we need in 2015. |
| Re: South Got 70% Of Fund Allocated For Road Construction Under PTF by Nobody: 9:18am On Dec 27, 2014 |
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