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Nairaland Forum / Nairaland / General / Politics / Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan (41446 Views)
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Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by samkay3g(m): 8:01pm On Aug 10, 2015 |
ABUJA- President Muhammed Buhari on Monday asked the Ministry of Finance to provide explanations on the whereabouts of the foreign loans obtained for rail projects but diverted to other purposes under the watch of former Minister of Finance, Dr. Okonjo Iweala. The president directive followed an instance of the diversion of a substantial part of the loan of USD1.005 billion from the Chinese Exim Bank, meant for the construction of a standard gauge rail line linking Lagos and Kano States to somewhere else. This was even as the Permanent Secretary, Ministry of Transport by the Permanent Secretary, Alhaji Mohammed Bashar informed the President that only $400 million id left of the loan. Bashar made the revelation during a presentation of his ministry’s activities to president Buhari at the presidential villa. He also briefed the President on some challenges facing the transport and maritime sectors such as encroachment on railway land, lack of security on inland waterways and some vague agreements between the Nigeria Ports Authority and ports concessionaires. Reacting, President Buhari said that it was disappointing to find that foreign loans obtained in line with signed agreements were moved from one project to another. “I hope that due process was followed before such diversions were carried out. Taking money from one project to another has to be done properly,” he warned. The President regretted that government had, over the years, failed to meet its counterpart funding obligation on some projects, leading to such projects being left uncompleted or abandoned. He added that there was a clear need to streamline, harmonize, and prioritize on-going projects in the transportation sector. Source : www.vanguardngr.com/2015/08/buhari-queries-okonjo-iweala-over-diversion-of-1bn-rail-transport-loan/ 20 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by mecuzee(m): 8:01pm On Aug 10, 2015 |
Please she's innocent! She's known to be a woman of integrity till she got involved with GEJ 67 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Elslim: 8:04pm On Aug 10, 2015 |
mecuzee: shes ur mother abi.... 10yrs imprisonment is d list she will get.. How far u don see d new anti-corruption committee?? DO uknow d person heading it i pity any mofo in corrupt scandal 111 Likes 2 Shares |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Beremx(f): 8:05pm On Aug 10, 2015 |
Okonjo Iweala again? Madam wetin you use the money do na? You people want to give President Buhari sleepless nights in trying to recover stolen monies you took eh kwa? Lalasticlala,come and see o! 97 Likes 4 Shares |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Unsad(m): 8:06pm On Aug 10, 2015 |
Ngo baby, blame yourself for agreeing to work for GEJ. 62 Likes 1 Share |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Unsad(m): 8:07pm On Aug 10, 2015 |
Ngo baby, blame yourself for agreeing to work with GEJ. 16 Likes 1 Share |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by dustmalik(m): 8:09pm On Aug 10, 2015 |
I'm curiously awaiting the defence of the Wailers on this one. 31 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by GstringAngela(f): 8:10pm On Aug 10, 2015 |
When are the ibos finally going back to Biafra ? 42 Likes 3 Shares |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by ddippset(m): 8:43pm On Aug 10, 2015 |
dustmalik:before the c0ck crows barcanista will deny this news 3 times. 239 Likes 11 Shares |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by chudionu58(f): 8:51pm On Aug 10, 2015 |
ddippset:Won't be surprised if a part of it were used to fund the segment from Abuja to Kaduna. 13 Likes 1 Share |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by hakeem4(m): 8:52pm On Aug 10, 2015 |
She'd start stammering 3 Likes 1 Share |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Gwan2(m): 9:01pm On Aug 10, 2015 |
You collected loan to da tune of $1billion...(Times dat amount to da current exchange raté of #200)..... . For wateva reason you diverted $600,000,000 for wateva reason best known to u, weda congent or otherwise, and you tink you dont owe da people you govern any explaination.....What happened to da Word ACCOUNTABILITY?... . . Wonder why naija is still struggling wit juz à meagre 4000MW of electricity generation...wen other nations are leavin da league of MEGAWATTS to GIGAWATTS generation....UNACCOUNTABILITY OF PUBLIC FUNDS 66 Likes 1 Share |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Neduzze5(m): 9:01pm On Aug 10, 2015 |
Why won't he query it when he did not go to school? Simple Maths, he cannot solve!! #BabaDaura 20 Likes 1 Share |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Anyi3(m): 9:01pm On Aug 10, 2015 |
Maybe Obasanjo was right. Without supervision, NOI might be a real bull in a China shop 53 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by miccheck58: 9:01pm On Aug 10, 2015 |
She don use am buy plenty kpuf kpuf and groundnut. Its evident on her cheeks 34 Likes 2 Shares |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by SeXistBaStaRd(m): 9:01pm On Aug 10, 2015 |
SHUT THE F*** UP AND CARRY YOUR SMELLING G-STRING ELSEWHERE BEFORE I SHOVE MY BIG FAT D*** IN YOUR MOUTH GstringAngela: 14 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by millionboi(m): 9:01pm On Aug 10, 2015 |
Buhari sld 4get abt d past Govtmnt focus nd change dis country as promise |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Estimable(m): 9:01pm On Aug 10, 2015 |
OKONJO oya answer..... 2 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by anonimi: 9:01pm On Aug 10, 2015 |
Since when did the Ministry of Finance equate to NOI Perhaps Buhari did not see the rails working and running all over the country ni? eazydon: I just hope he will [size=13pt]not cancel all the good, progressive work of Jonathan[/size] like he did for Jakande's work on the Lagos metro in 1984! www.nairaland.com/attachments/2087214_buharimetro_jpeg0139273fe26a1325be266ba40c34a836 18 Likes 2 Shares |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Adesiji77: 9:02pm On Aug 10, 2015 |
Following 1 Like |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by tiamiyukunle69(m): 9:02pm On Aug 10, 2015 |
Madam come and answer o 3 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by sigiyaya(m): 9:02pm On Aug 10, 2015 |
Baba i agree with you on this one jail this woman and Alison her partner 3 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by lonelydora: 9:03pm On Aug 10, 2015 |
Good one. Thank God we got it right this time in Nigeria by voting PMB. Read my signature. 11 Likes 1 Share |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by omonnakoda: 9:03pm On Aug 10, 2015 |
chudionu58:Stupidd remark 3 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by JingoOAU(m): 9:04pm On Aug 10, 2015 |
OBJ have said it all Okonjo that worked under OBJ is different from the one that worked under GEJ So sad 8 Likes 1 Share |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by menxer: 9:04pm On Aug 10, 2015 |
Hhhhmmm Diversion, prolly to fund electioneering campaigns. OBJ was definitely right about NOI needing supervision to perform, confirmations are spilling out. 3 Likes 1 Share |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Nobody: 9:04pm On Aug 10, 2015 |
A few days ago I told nairalanders about the meeting I sat in with President Buhari. My brothers and sisters, if you missed out on that article titled Intense/fearful Revelation From My Meeting With PMB - Cramjones https://www.nairaland.com/2509817/intense-fearful-revelation-meeting-pmb Please read it. This is just a tip of the iceberg. You will be shocked when you see the breakdown of how Dezieani under the watch of GEJ diverted at least $9 billion to different foreign accounts. Do you think it is a coincidence that GEJ met Buhari a few days ago? Do you think it is a coincident OBJ met Buhari a few days ago? Do you think it is a coincidence that Deziani is in London claiming ill? Do you think it is a coincidence that our foreign reserves miraculously increased to $31.5 billion since Buhari came to power. I will be releaveling more, as we go deep into the rot and evil GEJ and his people perpetuated on Nigeria. In the meantime, Madam Ngo, please just kindly return the $600 million, the Buhari I saw last week will go come for you with all he has! So madam just cooporate and please return it. -CramJones 45 Likes 2 Shares |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by Nobody: 9:04pm On Aug 10, 2015 |
Change is here! This is one thing I admire about buhari to be honest! He is upright and means business...Jonathans tenure was a kleptocracy.... 9 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by ogaontop(m): 9:04pm On Aug 10, 2015 |
GEJ instructed her to divert the loan! 3 Likes |
Re: Buhari Queries Okonjo-iweala Over Diversion Of $1bn Rail Transport Loan by KanwuliaJara: 9:04pm On Aug 10, 2015 |
Spreads mat. . . . 1 Like |
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