Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,787 members, 7,956,008 topics. Date: Sunday, 22 September 2024 at 09:09 PM |
Nairaland Forum / Nairaland / General / Politics / The Mathematics Of Buratai’s Savings Written By Charles Okafor (1389 Views)
Photos Of Buratai With Governor Okorocha In Owerri / See Mathematics Of Buratai Buying Dubai Asset That Shows EFCC Shld Probe Him(pix / Photo: See The Buratai Savings Account Form & Why He Got 2 Houses In Dubai (2) (3) (4)
The Mathematics Of Buratai’s Savings Written By Charles Okafor by sweetsandy4luv(f): 10:25pm On Jun 29, 2016 |
Before we delve into the subject matter, let’s ex ray his military career vis a vis promotions he enjoyed. Lieutenant General Buratai’s promotion dates are: Lieutenant (January 1985) Captain (January 1989) Major (January 1994) Lieutenant Colonel (January 1998) Colonel (January 2004) Brigadier General (January 2009) Major General (January 2012) Lieutenant General (August 2015) Now, let’s look at the salary structure of the Nigerian army: Nigerian Army Salary Structure per month for Commissioned Officers as at Dec, 2015 Second Lieutenant- N120,000 Lieutenant- N180,000 Captain- N220,000 Major- N300,000 Lt. Colonel- N350,000 Colonel- N550,000 Brigadier General- N750,000 Major General- N950,000 Lt. General- N1 million General- N1.5 million Note: The salaries were far less than the present structure. Former President Goodluck Jonathan approved the Review of the Consolidated Armed Forces Salary Structure (CONAFSS) in July 2010. N115. 6million was alleged to have been paid for a property in Dubai. If the properties are two as reports allege, then we should be talking about N230million or more. Assuming General Buruntai didnt touch his salary since he joined army till 2014 and using the current salary structure (which is much more that what he actually received), he should have the following in his bank as at January, 2014: N8, 640, 000 as a Lieutenant N13, 200, 000 as a captain N14, 400, 000 as a major N25, 200, 000 as a Lt. Col N33, 000, 000 as a Col N27, 000,000 as Brig. General N22, 800, 000 as a major General Total earnings by Gen Buruntai since joining the army in 1985 till January 2014 is much less than N144, 240, 000. Now, being an award winning, globally acclaimed saver of the century, he might be saving up to 50% of his salary(which is practically impossible). That gives us less than N72, 120, 000. This amount cannot buy a house in Dubai let alone two. There are many grey areas to be addressed before drawing conclusions. With this, you can form your own opinion and draw your own conclusions but be warned that you are sorely responsible for any opinion or conclusion you draw from this computation. This is my modest contribution to the fight against graft. I must warn: Never punish the innocent.”—- written by Charles Okafor Source:http://www.newsflashngr.com/the-mathematics-of-buratais-savings-breakdown-analysis-written-by-charles-okafor/#more-3212 2 Likes
|
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by Nobody: 10:32pm On Jun 29, 2016 |
Hmmmmmmmmmm........ I am Speechless!!!!!! Infact 1 Like
|
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by Nobody: 10:37pm On Jun 29, 2016 |
Bro,charles no mind them biko Burutai the professional Akawo master. 2 Likes |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by wordcat(m): 10:40pm On Jun 29, 2016 |
There was a time Chief Olisa Metu believed that he is untouchable; If a soothsayer tell frm NSA that he will be a prisoner in 2016, he will laugh and tell d person that he is among those that controls nigeria; So for now, I have nothing to say. |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by Nobody: 10:55pm On Jun 29, 2016 |
wordcat:what are you even saying? Your own level of zombie is alarming. 2 Likes |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by wordcat(m): 11:01pm On Jun 29, 2016 |
frankline5: If not that you are a fo0l, you would have read a meaning to my post |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by Nobody: 11:07pm On Jun 29, 2016 |
[quote author=wordcat post=47053934] If not that you are a fo0l, you would have read a meaning to my post[/quotei] U wrote trash |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by Nobody: 11:08pm On Jun 29, 2016 |
[quote author=wordcat post=47053934] If not that you are a fo0l, you would have read a meaning to my post[/quotei] U wrote trash omo zombie |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by wordcat(m): 11:10pm On Jun 29, 2016 |
[quote author=frankline5 post=47054080][/quote] For a feeble mind, it is a trash. |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by Nobody: 11:21pm On Jun 29, 2016 |
God gave him the money. Case closed. 1 Like |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by OBAFEMIawolowo: 11:22pm On Jun 29, 2016 |
Nawa oo, he will soon say he won a lottery. 1 Like |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by Nobody: 11:33pm On Jun 29, 2016 |
no one is believes that he saved for those properties one has to be a fool for the person the believe that trash there is serious corruption all over Nigeria i feel for buhari! honestly even down to the lowest officer currently commissioned corruption is thriving its so sad! like i always say na heaven win am 1 Like
|
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by cjrane: 12:04am On Jun 30, 2016 |
sweetsandy4luv: Burutai is a shameless Thief! 2 Likes |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by Obere4u: 12:20am On Jun 30, 2016 |
But does it mean he does not have any other source of income aside his military pay?....... X-ray that too |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by musfad(m): 12:22am On Jun 30, 2016 |
Sorry, can't stress myself |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by unite4real: 5:02am On Jun 30, 2016 |
Your analysis is only correct with savings alone but if the savings go into investments from time to time, I bet the turnover will be far more. I earn about 170k monthly. I set aside about 60% monthly and then invest in government securities every 6 month. The interest is reinvested. I started this 4 years ago and now, it has grown to almost 8 million Naira. It is not practically impossible to save 50% or over every month. It's discipline and commitment with a vision. |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by Nobody: 5:15am On Jun 30, 2016 |
[size=20pt] Hmnnnnnn. [/size] |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by eminikansoso(m): 5:32am On Jun 30, 2016 |
Go back and use the salary structure of actual years of service not assumed salary of a particular year. Imagine a lieutenant collecting 120000 per month in year 1985 Ask Tax authorities to release the data to you |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by greatiyk4u(m): 5:35am On Jun 30, 2016 |
unite4real: You just nailed it............the analyst forgot about his numerous allowances and impress from the various military leadership positions he held during his rise in rank Do you know how much soldiers on diplomatic missions are paid daily?............I remember, during the liberian war, Nigeria soldiers on peace keeping operations received as much as 150k the naira equivalence on daily basis as allowance (that is for officers) For being the coordinator of the Regional joint task force in the fight against boko haram, was he not paid allowances? 1 Like |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by eminikansoso(m): 5:39am On Jun 30, 2016 |
greatiyk4u:You made the best analysis of the whole matter. kudos to you |
Re: The Mathematics Of Buratai’s Savings Written By Charles Okafor by KingsCity: 6:30am On Jun 30, 2016 |
sweetsandy4luv: The analysis is highly flawed because it assumes the savings were not invested. If the man consistently invested his savings in real estates, he could very well have properties worth over a billion Naira after 30 yrs. The analysis assumes he received zero income from other sources aside his salary. what if his parents or an illustrious uncle left him some landed properties or herds of cattle? Of course this is not the man is clean but we shouldn't be jumping to conclusions. |
(1) (Reply)
Edo: Election Result Update / Soldier Reveals Last Minute Battle That Helped In Capture Of Sambisa Forest / President Buhari Is Alive, Says Garba Shehu
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 41 |