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Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled - Politics - Nairaland

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Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by OLAADEGBU(m): 9:16pm On Mar 13, 2016
FG's N3.1 trillion revenue loss traced to an individual
ON MARCH 13, 20168:02 AMIN By Jide Ajani

Apparently believing that he had heard and seen the worst of how corrupt practices have brought Nigeria to her knees, President Muhammadu Buhari, last week, almost lost his cool when it was brought to his attention that a whopping $16 billion – at the official exchange rate of N196, this comes to N3.136 trillion; while, with the parallel market rate of N315, it comes to a whopping N5.04trillion) of the nation's crude oil revenue loss could be traced to some sharp practices by some individuals in Nigeria's oil and gas sector.

The quantum of funds in question are revenue that ought to have accrued to the Federal Government of Nigeria through oil-lifting deals which are now subject of intensive investigations.

Specifically, one of the arrow heads of the crude oil lifting scam, who has been invited and interrogated by the Economic and Financial Crimes Commission, EFCC, at least twice before, has been granted administrative bail, and "who is alleged to be warehousing a sizable chunk of the money, drew the ire of Mr. President", an Aso Rock Presidential Villa source disclosed.

Sunday Vanguard learnt that even visiting South African President, Jacob Zuma, was caught in the cross winds of Buhari's reinvigorated mode of anti-corruption, as he ordered that every kobo of the stolen funds must be recovered.

Similarly, information suggests that the government of the United States of America is helping in the provision of intelligence on how to trace some of the stolen funds from Nigeria. Benin Republic and South Africa have both become safe havens for Nigeria's stolen funds investigations have revealed.

$16BILLION

Sunday Vanguard learnt that once the revelations were made to Buhari, he ordered that EFCC must ensure that the looted funds are recovered.

According to Aso Rock insiders, the funds were "supposed to be proceeds from some of the crude oil sold on behalf of the Federal Government of Nigeria by these people and for which they were said not to have made the necessary returns to the coffers of the country".

Continuing, one of the sources said: "You needed to have been there. You needed to have seen Mr. President. He was almost moved to tears at the colossal fraud that had taken place in the country.

"He became dejected because at a time when the nation's resources had gone down badly, at a time when the foreign reserves are also not as much as would be befitting of a nation with vast potentials, such a huge amount of money can be traced to the illegal activities of some people.


"But Mr. President has ordered that every kobo must be recovered. Whatever it takes, he has made it clear that those funds must be recovered."

Records of the oil-lifting schedules, timelines of transactions as well as proceeds that were meant to have accrued to government, the source said, "showed that some people just constituted themselves into a parallel government and were just making away with the nation's resources."

TRACING STOLEN FUNDS

Sunday Vanguard learnt that, as part of its bilateral agreement on intelligence sharing and anti-money laundering surveillance, the government of the United States is collaborating with the Buhari administration on how to trace some of the stolen funds domiciled in other countries – Benin Republic and South Africa have been identified as safe havens.

Part of the visit of South African President Jacob Zuma was said to be on the apparent reluctance "of the South African government to repatriate some funds stashed in the country."

It was discovered that whereas the Federal Government has relaxed its forex policy, there has been a heavy movement of cash (in dollars) from Benin Republic back into the system in Nigeria.

The simmering diplomatic row between Nigeria and South Africa, sources disclosed, has more to do with the seeming unwillingness of the South African government to repatriate alleged stolen funds that have been traced to that country.

"This was part of what President Zuma came to resolve with Nigeria during his visit last week," Sunday Vanguard said.





http://www.vanguardngr.com/2016/03/fgs-n3-1-trillion-revenue-loss-traced-to-an-individual/

11 Likes 4 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by merbenko(m): 9:32pm On Mar 13, 2016
NiAja

3 Likes

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by skebuzor(m): 5:51pm On Mar 15, 2016
Hmmm... It is well coz am kinda speechless

8 Likes 2 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by aleege: 6:03pm On Mar 15, 2016
Let c how all these discovery will better the life of the masses. Not discover 2 Recover

103 Likes 6 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by OZAOEKPE(m): 6:08pm On Mar 15, 2016
HOW THE TEARS WAY HIM SHED HELP THE ECONOMY

294 Likes 17 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by sdindan: 6:12pm On Mar 15, 2016
Crocodile Tears.


Fake tears

222 Likes 14 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by Nobody: 6:14pm On Mar 15, 2016
OZAOEKPE:
HOW THE TEARS WAY HIM SHED HELP THE ECONOMY
HE IS ONLY SHEDDING TEARS FOR PEOPLE LIKE YOU

471 Likes 28 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by Nobody: 6:14pm On Mar 15, 2016
sdindan:
Crocodile Tears.



Fake tears
Show me how your father shed true tears.

394 Likes 20 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by princemillla(m): 6:16pm On Mar 15, 2016
I believe nija shall be great again. And as for those wishing their fellow human dead, may God deliver their soul

71 Likes 5 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by coolscott(m): 6:16pm On Mar 15, 2016
[size=13pt]Seems a bit misleading, the part of the headline that says "...Stolen By Presidency"

Modified*The op seems to have made the appropriate correction
[/size]

3 Likes 1 Share

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by WATCHOVER(m): 6:20pm On Mar 15, 2016
godson36:
undecided i wonder why people like you are left to walk on the street. Our government needs to start picking up all the mad man on the street and they should also test people like you. NOT all mad man wear a torn cloth. grin What am sure of is IF nigeria becomes great under buhari, you won't li*ve to enjoy it. AMEN
Keep on dreaming that buhari is now Moses.
Park well jor.

85 Likes 3 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by Nobody: 6:24pm On Mar 15, 2016
WATCHOVER:

Keep on dreaming that buhari is now Moses.
Park well jor.
i have already park well bros. It would have been better if you can relocate to syria until buhari finish his tenure

233 Likes 10 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by Tunami(m): 6:26pm On Mar 15, 2016
crocodile tears. Picture of buhari shedding tears or i dont believe it.

39 Likes 2 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by Nobody: 6:27pm On Mar 15, 2016
Which tears?? Scammer... Human beings die u no shed tears, na money wey u follow and go follow thief u dey cry for? ?
Buhari u be barawo banza....

169 Likes 17 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by WATCHOVER(m): 6:31pm On Mar 15, 2016
godson36:
i have already park well bros. It would have been better if you can relocate to syria until buhari finish his tenure
I would love to relocate and I urge you to wait till your coat turns rag, till your sweat turns blood. you think 2019 is far? and before I forget I hope you red how he plans to lobby The National Assembly to cover his shameful budget.
What will you call that?

52 Likes 4 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by Nobody: 6:35pm On Mar 15, 2016
WATCHOVER:

I would love to relocate and I urge you to wait till your coat turns rag, till your sweat turns blood. you think 2019 is far?
Am born and brought up in Nigeria. SO am not gonna relocate to anywhere. Once i don't seek for seccession, why will my sweat turn to blood. If you do good, you won't be afraid of anything
IF YOUR FAMILY ALSO STOLE FROM THE MONEY, YOU CAN TELL US SO THAT WE NAIRALANDERS WILL GIVE HIM/HER ADVICES. ****

70 Likes 6 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by WATCHOVER(m): 6:38pm On Mar 15, 2016
godson36:
Am born and brought up in Nigeria. SO am not gonna relocate to anywhere. Once i don't seek for seccession, why will my sweat turn to blood. If you do good, you won't be afraid of anything
IF YOUR FAMILY ALSO STOLE FROM THE MONEY, YOU CAN TELL US SO THAT WE NAIRALANDERS WILL GIVE HIM/HER ADVICES. MotherFu*cker
Your post sounds childish.

110 Likes 5 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by drss(m): 6:42pm On Mar 15, 2016
*yawns* wetin pesin go chop today i don tire to dey cook rice sad

23 Likes

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by ziccoit: 6:44pm On Mar 15, 2016
I don't even know what to say here. I'm speechless.

4 Likes

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by bettercreature(m): 7:07pm On Mar 15, 2016
grin grin grin grin grin grin grin
Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by Nobody: 7:07pm On Mar 15, 2016
crixtex:
Which tears?? Scammer... Human beings die u no shed tears, na money wey u follow and go follow thief u dey cry for? ?
Buhari u be barawo banza....
do you know how many life got lost cause of the embezzlement under GEJ government. Corruption is killing Nigerians indirectly

52 Likes 6 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by Standing5(m): 7:12pm On Mar 15, 2016
PDP and GEJ räped this country to a standstill. See rapìng, 3 trillion would have gone ahead to fund 1 million units of N3million ventures. It could av been a house, a car to employ a commercial driver, a small business, a scholarship. Now i hope wailers can see why Buhari can't close his eyes to N5trillion when the system is need of money.

69 Likes 9 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by mallamseifaldin(m): 7:48pm On Mar 15, 2016
He smiled when he saw abachas loot...

52 Likes 4 Shares

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by oyinkinola: 7:58pm On Mar 15, 2016
....in a system of government of people by the people for the people, who has the responsibility of defending the nation, the nation is the victime of looters, the nation is the victim of the criminal, the nation is the victim of terrorist, the nation is the victim of economics saboteur, the nation is the victim of oil pipe line vandal, the nation is the victim of kidnaping, the nation is the victim of fulani herdsmen, the nation is the victim of ipob/massob, the nation is victim of fuel black market the nation is the victim of the forex $ hike price, the nation is the victim of the price specuator & manipulator...etc
Beside president muhammadu Buhari action to defend the nation:
1.The war against bokoharam and other insurgency in the eastern part of nigeria is defeatable , with galant soldiers under the order of marksman general, the commandant in chief of african arm forces, General buhari had berated the iss of africa...with galant sodiers and sophisticated weapon the terrorist had been pull down!
2.The war against corruption looting and the looters is the second fronts, the battle is not all that easy the general has the determination but fighting corruption with unredoutable weapon like judiciary arms, is not easy to operate infront of devilish looters with their advocates and distinguish honourable senators and opposition party! but God so good with the determination of general and full backing of the international community, the war is 'bell et bien' in full stage!
3.The third war which will commence soon is on the economics saboteurs, a war that general think ,with broom they will be easyly sweep into dust-bin but even the rake seems not be effective enough to rake them, now general had determined to bulldoze them into the pit!
when the three war won, nigeria will be worth living for the poor masses!
who is to defend the nation while senators and law practitional rally round a criminal accuse!
who is to defend the nation while humman right watch turn to terrorist(bokoharam) right watch!
who is to defend the nation while student union, labour congress, human right activists, legal practitional support or mute and powerless in the face of looter and say nothing about the looted fund!
who is to defend the nation while NL support the looters!

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Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by krendo: 8:03pm On Mar 15, 2016
2.5 trillion worth of budget padding went on under his watch with no penalty

Redeployment of civil servants is routine

He can start crying from there

42 Likes 1 Share

Re: Buhari "Almost Moved To Tears"After Seeing How Trillions Of Naira Were Embezzled by allanphash7(m): 9:22pm On Mar 15, 2016
9ja is gone

2 Likes

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