Ademola Babalola in Ibadanâ

The administration of ex-President Goodluck Jonathan was monday alleged to have squandered N7trillion in five years ‘to boost the egos of its ruling class members.’

A Lagos-based human rights lawyer and activist, Chief Femi Falana (SAN), made this accusation at the University of Ibadan yesterday while moderating the process for the selection of a new Vice-Chancellor for the institution.
The tenure of the incumbent, Prof Isaac Adewole, terminates in four months time.

Apparently miffed by the ongoing criticisms trailing the recent intervention of the President Muhammed Buhari administration to bail out states which could not afford arrears of salaries of their workforce through a special intervention given to states, Falana said those opposing such moves are going against the dictates of the Bible where it is said the labourer deserves his wage, adding that: “Those opposing a good life for poor masses must have their heads examined.”

Falana said: “The labourer deserves his wages and anybody who is challenging the decision of the president as to the bail-out must have his head examined. Rather, we should be challenging the bail-out that has been given to the comprador-burgiosie in the last five years which is over N7 trillion. AMCON was set to take care of the debt of the rich who took billions from our banks and could not pay back.

In one fell swoop N5.6trillion debt was taken over by that institution. In the last five years, N780billion was given to the Bank of Industry to revitalise our ailing industries. Where are the industries? N200billion for Aviation Intervention Fund. N200billion agriculture intervention fund, N100 billion textile intervention fund, N213billion to those who bought PHCN, and are currently giving us darkness. Over N7trillion has been given to our parasitic ruling class in the last seven years and that is why the university must join issues with the ruling class to tell them that the country is not being governed well.

“The federal government promised an intervention fund of N1.3trillion for the revatilisation of the universities but only released N200billion in 2013 just to call off the strike and since then, nothing has been released. The University of Ibadan must ask government relevant questions. If you do not allow our children to practice democracy in tertiary institution they will end up going to the National Assembly to fight themselves as the current assembly members are doing.”

To this end, Falana specifically tasked Academic Staff Union of Universities (ASUU) to ask questions over the N1.3trillion promised intervention by the past government out of which only N200billion was released since 2013.

While urging the university to allow students’ unionism to allow for leadership training for students, the human rights lawyer said denying students to practice leadership at students’ union level might not augur well for Nigeria as such might go to National Assembly to start fighting as the present National Assembly members are doing.

He also challenged the university to continue to engage government on issues and educate the public on key public issues in order to make the Institution maintain its relevance.

The programme, which was organised by the staff unions on the campus (ASUU, NASU, SSANU and NAAT) under the chairmanship of Professor Nelson Fashina, said the forum was to allow for a dialogue with the university community and be able to hold any of the candidates accountable for the promises they made while campaigning.

Those who presented their agenda among the aspirants were Professors O.O. Layiwola (Institute of African Studies), O.O. Akinyinka (Pediatrics), F.O. Egbokhare (Linguistics and African Languages), B.O. Fagbemi (Veterinary Microbiology and Parasitology). Others were Professors L. Popoola (Forest Resources Management), A.I. Olayinka (Geology), A.I. Oluleye (Industrial and Production Engineering), O.D. Olaleye (Virology), A.E. Falaye (Aquaculture and Fisheries Management) and A.A. Agbaje (Political Science).

Source: This Day Live - See more at: http://www.exlinklodge.com/2015/07/pdp-led-govt-of-squandered-n7tn-in-five.html#sthash.BczlR866.dpuf



cc lalasticlala

hmmm

na wa ooooo.

The man is simply suffering from "Numerical diarrhea"

This guy na Tinubu bros??..dem look alike oo

omo, no difference with tinubu oo
but al d way na Godwin

We know that's why Nigerians voted PMB to rescue us.



Next?

Why do tales of stolen funds keep trailing the past dispensation?

Even if na rumour, there is still an iota of truth in it.

Mr. lawyer ordinary 7trn? This is an insult to gej

Ambulance chaser is now APC chief propagandist

Everybody don turn Auditor on top Goodluck tenure. The ambulance chaser should have enlightened us more on Obsanjos and Atikus 8 years, or did corruption start only with GEJ? Selective Amnesia based on tribal/ ethnic sentiments from a so called senior advocate.

Apart from Buhari that can be trusted who else is trustworthy in APC again....looters everywhere

May Jonathan and Iweala not befall you, your family and your country again in your God's name.

When will this one sided pocket rights activists tell us how much Odenni AregbeRascal,Rotimi Judas Amaechi,Murtala Ali baba Nyako,etc squandered?
Gosh,I used to respect this man so much not knowing that he just wanted to sell his market.

What is so disheartening about the whole resource mismanagement & corruption of the outgone administration is that a good chunk of the looted funds was expended to buy votes when it became apparent that the PDP were as good as gone.

Baraka buruku butatata puchehche puchacha be inteha beintehi .
Sorry! The amount alone made me spoke in tongues.

APC minister of Finance are

Lai mohammed

Adams oshimole

Femi Falana

El Rufai

Ngeneukwuenu cum economist

John oyegun

I have been monitoring Femi Falana like Monitoring spirit to see if he will say anything concerning the Money Aregbesola is owing workers in Osun State. This dude never said anything... He just kept silent all these while. Nonsense

Something tells me the corruption in GEJ's government was much worse than we imagined!

Thought this man has left Nigeria. With all the wahala APC had put Nigeria into, this man is talking history.
Tell Buhari to brace for the worse as oil prices are set to fall further.

PDP apologist/spin doctors,time to work for your money.

One would expect you to counter or disprove the factual allegation made by SAN Femi Falana.The best you all can come up is your usual mudslinging,character assasination and name calling.

You guys are truly children of hate.

Wailing wailers.

.

They should separate PDP from GEJ and Obj, lets know whom to tackle
If you say 5yrs, just mention GEJ and if you mean 16yrs, just say Obj