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Jonathan’s Government Cannot Be Worse Than Obasanjo’s - Politics - Nairaland

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Jonathan’s Government Cannot Be Worse Than Obasanjo’s by Nobody: 11:26am On Jan 07, 2015
Of course, we may still be an amnesiac nation, but this is a national culture of memory loss that I am unwilling to be plagued by. Thus, I am not willing to concede that in the entirety of things, Obasanjo’s government was better than the current, a bid that I am sure dangerously renders and even imbues in Obasanjo a somewhat angelic (or even divine) excellence that Jonathan does not supposedly exhibit. I am unwilling to concede this assertion provided that the facts and the figures argue for Obasanjo.

Obasanjo came to power in 1999 and brought with him a vice president whose choice was described by one of the famous northern emirs in the vilest of terms: an unmitigated disaster. Talk about treasonable felonies and you get the following from Obasanjo: the genocides of Zaki Biam and Odi; Third Term Agenda; the electoral heists of 2003 and 2007, with 2007 being perhaps the worst in the history of ballot politicking. There was the slaying of the nation’s agro sector in terms of budget allocation, such that the Ministry of Agriculture took a seat behind the Ministry of Women Affairs. This is not to mention the non-payment of civil servants’ salaries, but where it was paid, a typical Federal Government establishment that had over a thousand or more employees got only an atrocious paltry sum as annual CAPEX.

Of course, Jonathan’s greatest undoing is his government’s passivity towards the insurgency in the north, but a cursory study of the chronicles of Boko Haram show that the sect developed not only its shoots but also grew to full bloom under Obasanjo’s administration. Thus, while Jonathan is to blame for docility over Boko Haram, Obasanjo should be blamed for allowing all the necessary conditions for its breeding.

But Obasanjo’s greatest crimes were his alleged endless financial misdemeanours. Take out Siemens, Halliburton, etc, which spawned under his VP’s watch, you’ll still be left with a myriad of others such as National ID card fraud, the missing $16-20 billion in power “reforms”, the contravention of section 147 of the Nigerian Constitution by illegitimately appointing himself Minister of Petroleum Resources, shrouding the activities of the lush industry in secrecy, and without rendering proper accounts of oil revenue to relevant agencies. Throughout Obasanjo’s horrid eight years in power, neither the Federal Executive Council nor the National Assembly was reportedly ever presented a budget of the oil industry.

What’s more? According to some reports, Nigeria lost over $130 billion of unaccounted revenue between 2000 and 2006 under Obasanjo. Moreover, more than $700 million of oil revenue was misappropriated to enrich Obasanjo and his ruling PDP. In the case of the Kaduna refinery, Obasanjo allegedly spent over $200 million to “repair” it and then auctioned it at a paltry $106 million. Obasanjo was also said to have withdrawn N1 trillion from NNPC account as contained in a December 10, 2007 petition to the EFCC filed by the Conference of Nigerian Political Parties (CNPP).

Other references made by the CNPP were the many protests by then chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Hamman Tukur, on the spate of illegal withdrawals by the Obasanjo administration leading the RMAFC to sue the Obasanjo government over these withdrawals. Obasanjo was also said to have withdrawn $100 million from the Federation Account illegally to cover the obligations of the Investors International Limited (IIL) of London to First Bank plc. The company which is believed to be owned by some Obasanjo cronies allegedly borrowed the sum of $100 million to enable it make up its 10 percent down payment for the price of NITEL. However, this loan to IIL was illegal as it contravened the Bank and Other Financial Institutions Act (BOFIA) of 1991. The Act declares that a bank cannot give a loan to a single client in excess of 35 percent of the value of its shareholders fund.

These are just a few of the many sins of Obasanjo.

Source
http://businessdayonline.com/2015/01/jonathans-government-cannot-be-worse-than-obasanjos/#.VK0JUHsXfwY
Re: Jonathan’s Government Cannot Be Worse Than Obasanjo’s by kingstylo01(m): 11:27am On Jan 07, 2015
hmmm.. which way Naija?
Re: Jonathan’s Government Cannot Be Worse Than Obasanjo’s by clevvermind(m): 11:31am On Jan 07, 2015
Obasanjo is the worst criminal.
Re: Jonathan’s Government Cannot Be Worse Than Obasanjo’s by theM16: 11:39am On Jan 07, 2015
Altogether pdp is dead n gone. Bunch of greedy old fools

1 Like

Re: Jonathan’s Government Cannot Be Worse Than Obasanjo’s by Kennywills7(m): 11:40am On Jan 07, 2015
Obj has suddenly become a saint compaigning for Gmb
Condemning gej from all corners
Just like Pej said- diaris God ooo
Re: Jonathan’s Government Cannot Be Worse Than Obasanjo’s by Nobody: 11:47am On Jan 07, 2015
When anti-GEJ commentators criticize his government as being the most corrupt in the country, i feel they are suffering from a memory loss or they've a selective memory. Those of us who lived through the OBJ years knew how terrible his administration was and we'll never succumb to the blatant lies and ridicule they're trying subject the GEJ administration to.
Re: Jonathan’s Government Cannot Be Worse Than Obasanjo’s by Funjosh(m): 11:48am On Jan 07, 2015
Both OBJ and GEJ are of PDP so what do u expect
Re: Jonathan’s Government Cannot Be Worse Than Obasanjo’s by greatdeal1408: 12:06pm On Jan 07, 2015
get your voters card ready and vote wisely smiley

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