Buhari To Jonathan: Account For $20b Missing Oil Fund

Published on February 2, 2015 by admin

Kazeem Ugbodaga

The presidential candidate of the All Progressives Congress, APC, General Muhammadu Buhari has challenged President Goodluck Jonathan to account for the $20 billion missing oil fund and make available the audit report on the issue.
The APC candidate, who on Monday addressed members of the Organised Private Sector, OPS, at the State House, Marina, Lagos, southwest Nigeria, said the nation’s elite should take the blame for the collapse of the nation’s economy, adding that they were the ones profiting from the abandonment of the refineries.
He said some of the elite owned refineries outside the country, which was why the refineries at home could not be put into proper use.
On the $20 billion missing oil money, Buhari asked Jonathan to immediately account for it as it smacks of corruption.
“This current government is being challenged to account for an estimated $20 billion and the whole country is awaiting a report of a forensic audit. $20 billion at N210 to $1 is equal to N4.2 trillion, nearly a year’s federal budget.
“If it is true this sum cannot be accounted for, this is grossest form of corruption. Just think about it: at N5 million per vehicle, this money would have bought 840,000 patrol vehicles. At N13.5 million for a high capacity bus, this money would have bought 311,000 buses.
“From information at my disposal, Lekki Bridge in Lagos cost N29 billion to construct. N4.2 trillion would have built 145 Lekki bridges. If the average cost of generating one mega-watt of power is about US$1.5 million (excluding gas and distribution cost), $20 billion would have bought us over 13,333 mega-watts of power. What a difference that would make up and down the country,” he said.
He said if one also factored N2.2 trillion spent on subsidising fuel importation, which became a huge scandal, one might then understand why the APC’s manifesto focuses on the issues of security, corruption and the economy.
Buhari stated that “we are too vulnerable as a nation at this moment if we have to import fuel to move our planes, our tanks and our men. We are too vulnerable as you can see that we also have to import arms. We are vulnerable because our troops also depend on imported food.”
He further said from studies carried out by APC, the nation would require not less than 200,000 trained personnel to support the initiative to provide power and light up Nigeria, saying that apart from the inherent direct employment that it would generate, the reduction in cost of production, the savings from self-generation by Nigerians, who currently spend a lot of their income on purchase of diesel and petrol to generate their own electricity, would reduce the burden on their disposable income.
“These savings to Nigerians from reliable electricity will help the average Nigerian spend their money on other basic necessities of life and reduce poverty. There is already an initiative to build a refinery in Lagos.
“Our government will support this initiative because a local refinery means many things, such as jobs locally at a Nigerian refinery instead of refineries abroad, local fuel supply and national security and reduced importation, less demand for foreign exchange and strengthening of the naira,” he stated.

http://www.pmnewsnigeria.com/2015/02/02/buhari-to-jonathan-account-for-20b-missing-oil-fund/

Diversion!!!!...Debate!!!!!!,..and he runs away to read a script elsewhere to the media!!!!

Nigeria can't afford another mediocre for 8 long years!!!

They should have presented Fashola and other like minds as candidate. Not Buhari with all these negativities attached to him... Change my butt..buhari is not chance, he is the same old names that we've been hearing since childhood....

But what can I say, the north owns Nigeria!!!!!

GEJ to answer that question? Lai lai! He cant fit... He will have to ask Madam Okonjo to answer... He will be like, "No money is missing, you can confirm from the ministry of finance". He doesnt have any answer. He doesnt have any statistics, he is just a ceremonial head of state. Okonjo is the real prime minister of nigeria (The Coordinating Minister of the Economy). They have finished the treasury and they cant account for that money, neither can they prosecute the oil thieves who plundered the subsidy funds.

Rather, na austerity measure for the masses. imagine that. Wickedness of govt. they are increasing VAT from 5% to 10% to increase govt revenue after they refused to save for rainy day. That means that everything you buy in the market or supermarket or eatery will go up by at least 5%. Even the VAT sef, i m sure it is to be mismanaged.

Read Soludo's response to madam ngozi on http://saharareporters.com/2015/02/01/ngozi-okonjo-iweala-and-missing-trillions-1-chukwuma-charles-soludo

Question for the gods.

Nigerians don't know that this said money alone can be use to generate upto 10,000MW, that will be 24/7 power supply.


In GEJ's voice "I don't give a damn"

wonder why these men keep sayin the same tin over and over.
Nothing new.
Well,na old age

Buhari said all this himself?

Idonbelieveit!


Buhari, where were u when our harvard scholar, honourable minister of finance and co-ordinator of the economy, dissected this issue? Maybe u didnt understand all she said.

.

Buhari should stop speaking behind tinubu's skirt. He should come out to the open debate and talk if he has anything tenable against gej as regards the $20 billion or million.

Youngzedd:
Question for the gods.

Nigerians don't know that this said money alone can be use to generate upto 10,000MW, that will be 24/7 power supply.


In GEJ's voice "I don't give a damn"

Nigerians don't know dat all d money stolen in lagos by tinubu and fashola would have completed the light rail system that buhari abolished when he was an unreasonable military president. And that would have made Nigeria the first country to own a lightrail system in africa.

In tinubu's voice. "i dont send your fathers"