Vice-President Yemi Osinbajo says he is standing by the allegations of corruption he levelled against the government of ex-President Goodluck Jonathan.

He said this on Monday, while reacting to a report attributed to “Jonathan’s media office” on previous allegations.

Osinbajo had been accused of lying against the ex-president or his government by citing the looting of the nation’s treasury, while he was speaking recently at ‘The Platform’.

Osinbajo had said: “Grand corruption remains the most enduring threat to our economy. Three billion US dollars was stolen in what was called the strategic alliance contacts in 2013, three Nigerians were responsible, today three billion dollars is NI trillion and our budget is N7 trillion.”

In a statement issued on Monday, Laolu Akande, spokesman of the vice-president, defended his principal, saying the alleged looting has been a subject of criminal investigation and trials even in the UK.

He further listed “facts on grand corruption” perpetrated under Jonathan’s government, which he said were a tip of the iceberg.

According to him, the “facts” are “the release of the sum of $289m on February 25, 2015, illegal disbursement of N60 billion … most of which ended up in the hands of senior members of the Peoples Democratic Party (PDP – then ruling party), $3 billion stolen in the so-called NNPC strategic alliance contracts, N40 billion from CBN released for the PDP presidential primary, among others.

He also said the amount released from CBN in cash on a single day, “ie US$289 million ( N88.1 billion) is enough to fund 244,000 N-Power graduates for a year, or pay for 1.2 billion school meals or complete half of Lagos -Ibadan or half of Abuja -Kaduna -Kano roads.”

Below is the full statement from Akande:

We have read reports attributed to “a media office of former President Goodluck Jonathan”. It is clear from the foul language of the authors that the statement could not have come from the former President, but from the motley group of loud and rude characters whose brief seems to be to deny all and anything said against the former PDP government and to do so in the crassest possible language.

The alleged spokespersons of the former president say that facts long in the public domain, some even being used to prosecute several corruption cases are lies and that those of us in government restating these well known facts are liars.

They accused Vice-President Yemi Osinbajo, SAN, of lying against the former President or his government citing their involvement in the stealing of three billion dollars, while speaking recently at The Platform event on the 1st of May.

Just for clarity, I quote the Vice President, “Grand corruption remains the most enduring threat to our economy. Three Billion US dollars was stolen in what was called the strategic alliance contacts in 2013, three Nigerians were responsible, today three billion dollars is one trillion Naira and our budget is 7trillion!


Two issues emerge. First, no mention is made of the former President.

Second, the story is not only true, it has been in the public domain for almost three years and it is the subject of criminal investigation and trials both here and in the UK.

The spokespersons also say that the allegations of corruption against the PDP government are mere lies. For clarity, the facts are laid out as follows:

As the Vice President said, $3B was stolen in the so- called NNPC Strategic Alliance Contracts. The three persons involved are Jide Omokore, Kola Aluko and the former Petroleum Resources Minister Diezani Alison- Maduekwe. The companies of both Jide Omokore and Kola Aluko lifted Nigerian crude oil and kept the proceeds. The total sums converted is in excess of three billion dollars including royalties, taxes and fees unpaid for the asset from which the crude was taken. The case is the subject of a trial in Nigeria, and criminal investigation in the US and UK, and the assets of all three individuals have been forfeited in Nigeria, the US and the UK.

The criminal diversion and theft of sums in excess of $2.5 billion meant for purchase of arms to prosecute the war against Boko Haram: the first phase of the investigations revealed several sordid details, many of the assets of culprits have been seized from them and they are facing trial.
The release of the sum of $289m in cash on February 25, 2015: Documents including cash vouchers indicate that the the sum of $289,202,382 was taken from the Joint Venture (JV) Cash Call Account No. 000-0000-11658-366 of the NNPC/NAPIMS with JP Morgan Chase Bank, New York, USA.

N70 billion was released in parts from the national treasury between January 8 and February 25, 2015.5.In another illegal disbursement, 25th August 2014, N60B in cash in tranches of N40billion and N20billion: The sum was not tied to any project or procurement and was then shared between two security agencies under the supervision of the then NSA. Most of these sums ended up in the hands of senior PDP members some of whom have returned parts of the loot. Some are standing trial for these offenses. These facts are in the public domain.5. There was yet another set of illegal fund withdrawals under one week between January 8 and 16, 2015, where the sum of N1.5 billion was released in three tranches of N300m, N400m and N800m respectively. This money was released from the MEA Research Library Account .

6. Another document showed that N10 billion was released to the Office of the National Security Adviser by the Central Bank of Nigeria (CBN) on September 15, 2014. The money was released in tranches of foreign exchange of $47 million, $5 million, 4 million Euros and 1.6 million Euros. A letter from the Office of the NSA in November 2014 further showed that the monies were released as ‘funds for special services’. This particular release of N10B was sourced in November 2014 from a N40 billion CBN released funds meant for Corporate Social Responsibility, CSR. Investigators showed that this money was released for the PDP Presidential Primaries.

7. Lamido Sanusi, then CBN Governor, was sacked for speaking up about the over $20billion missing from oil proceeds

8. These cases of grand corruption and open looting of public resources pauperized Nigeria and left us with little or no savings in the years when oil was selling at 100 to 114 dollars a barrel and we were producing 2.1 million barrels a day. When in 2015 oil prices went even as low as between 28 and 35 dollars a barrel and oil production fell to less than one million barrels a day we had no buffer, no savings, to tide us through.

The amount released from CBN in cash on a single day, ie the US$289M ( N88.1Bn) is enough to fund 244,000 N-Power graduates for a year, or pay for 1.2 billion school meals or complete half of Lagos-Ibadan or half of Abuja-Kaduna -Kano roads.

The vice-president also made the point that in 2014 with oil prices as high as 120 dollars per barrel, the total capital released for power, works, housing, defence, transport, agriculture and defence were just N152Billion for the whole year.

By contrast, the Buhari administration committed N578Bn to the same ministries in 2016 with oil prices as low as US$28 per barrel as part of the strategy to end the recession. The government was able to do more with less by stopping grand corruption and impunity.

Recently, the minister coordinating the economy in that administration has written a revealing book : Fighting Corruption is Dangerous: The Story Behind the Headlines. Who knows, perhaps her stories too are all lies!

https://www.thecable.ng/laolu-akande-5-8bn-n171-5bn-diverted-jonathan/amp

Ok .. even with just months to end of your 4years? Still no sign of fresh ideas? Blame blame blame?
Oya continue blaming ... Ewu Okitipupa

3 billion a dollars equivalent to 1 trillion naira.

First 3 billion USD wasn't equivalent to 1 triliona naira then, the current retards in power screw things up this bad... As at 2013, it was still less than half a trillion


We are still deliberating on $2.1 B and the government is cooking another...


Pastor liar!

The news media publishing such its either some childish owned abs managed outlet or packed with bunch of misfits..

If Osinbajo ' s accusations irritate you, then the following will happen to you;
- when you set up a business your employees will loot it until they make you poor
- enemies will steal your children's future today and you will passionately defend those enemies
- your total mission in life will be to sacrifice yourself to make evil destiny speakers happy. You will be passionate doing this as well.

Osinbajo and Adeboye them be animals and criminals ...

This is one of the reasons why they say Christians should not get involved in politics.

Thats why this saying goes.. U cannot serve two Masters at a tym
Ur either a full tym man of God or a polithiefcian u just cant combined the two

And now this Man is disgracing the pastor/clerics commmunity by spewing trash constantly while neglecting the pressing matters at hand in the country . You should have resigned first bfor contesting. ..No be by force to join the two

HonSuQMaDIQ:
Ok .. even with just months to end of your 4years? Still no sign of fresh ideas? Blame blame blame?
Oya continue blaming ... Ewu Okitipupa

biafra of death....

new2012:
3 billion a dollars equivalent to 1 trillion naira.

First 3 billion USD wasn't equivalent to 1 triliona naira then, the current retards in power screw things up this bad... As at 2013, it was still less than half a trillion


We are still deliberating on $2.1 B and the government is cooking another...


Pastor liar!

The news media publishing such its either some childish owned abs managed outlet or packed with bunch of misfits..

biafra of death....

SternProphet:
If Osinbajo ' s accusations irritate you, then the following will happen to you;
- when you set up a business your employees will loot it until they make you poor
- enemies will steal your children's future today and you will passionately defend those enemies
- your total mission in life will be to sacrifice yourself to make evil destiny speakers happy. You will be passionate doing this as well.

dont mind dem dem easterners......

thesicilian:
This is one of the reasons why they say Christians should not get involved in politics.

what...??...who said christians shouldnt get involved in politics....??

from where do you have that....

Same stories different threads for the past 3 years.

Midget talking low what do u except before

Esseite:
Same stories different threads for the past 3 years.

biafra of death....

neonly:
Midget talking low what do u except before

biafra of death....

Haaaaaaaaa!!! Pasito!!! Pasito!! Why u dey lie like dis nah?

They almost ran this nation aground. The locusts named PDP. These are facts and figures about their plundering and raw rape of our country. Evil � people who should all rot in jail. They still have guts to walk the streets and gather again so they can continue their assault on the resources of our nation. May God bring these crooks to shame.

justtoodark:


biafra of death....

Sorry,i don't do stupid..

Esseite:


Sorry,i don't do stupid..

me too....

justtoodark:


biafra of death....

Not biafra just a common Nigerian concern abt our future in d country

neonly:



Not biafra just a common Nigerian concern abt our future in d country

shattap their...jonathan was and is still a buffoonn....and thats that....!!

[quote author=justtoodark post=67363007]

shattap their...jonathan was and is still a buffoonn....and thats that....!![/quot


Jona is living large for abj can't die for any politician but what is baffling me is dat why are u so pain with d name Jona nawo take it easy abeg

H

Afonja pastor

Dont be surprised if they still blame the pdp a day before election[color=#000099][/color]

And the $25b NNPC contract scam under your watch can fund what?

Mr Voltron the Defender of the Corrupted ones


The Value of 3 Billion then today is 1 Trillion naira today

That's a special course in accountancy , Value of 1

new2012:
3 billion a dollars equivalent to 1 trillion naira.

First 3 billion USD wasn't equivalent to 1 triliona naira then, the current retards in power screw things up this bad... As at 2013, it was still less than half a trillion


We are still deliberating on $2.1 B and the government is cooking another...


Pastor liar!

The news media publishing such its either some childish owned abs managed outlet or packed with bunch of misfits..

.presently under Buhari/APC administration:

N40 billion
Part of the earlier indications that President Buhari’s anti-corruption fight will not be total is his questionable handling of the budget padding saga at the Green Chamber which implicated the Speaker of the House of Representatives, Yakubu Dogara pitching him against his former ally, Abdulmunin Jibrin. The alleged manipulation of the budgetary allocations of 2016 which totaled N40 billion has been swept under the carpet with Jibrin – the whistleblower victimized.


N200million
Nigerians will never forget the 7-month pressure mounted on Buhari to axe his former Secretary to the Government of Federation, David Babachir Lawal following the over N200 million ‘Grasscutting scandal’. Still no prosecution.


N919 million
the Executive Secretary, National Health Insurance Scheme, Prof. Usman Yusuf suspected to have siphoned money in the tune of N919 million according to the provisions of an administrative panel has been reinstated by the President despite an ongoing probe by the anti-graft agencies namely the Economic and Financial Crimes Commission and the Independent Corrupt Practices and other related Offences Commission. This has proved that the only corrupt people are the ones with no cordial relationship with the President.

N2 billion
Erstwhile Chairman of the Presidential Pension Task Scheme, Abdulrasheed Maina has been linked with a monster fraud of over N2 billion making him a leper one is not safe to touch even with a long Stick. But a member of Buhari’s cabinet – Attorney General of the Federation and Minister of Justice Abubakar Malami considered him for a ‘dangerous romance’. His backdoor reinstatement as presided over by Malami has cast a shadow on the integrity of Buhari’s corruption war. Today, the sacred cow is being declared wanted on paper and in contrast being guarded by security operatives in reality.

$44 million + $202 million
Earlier this year, 2018, an alarm was raised about a missing sum of $44 million which some sacred cows wanted to share. There are also concerns that another $202 million belonging to the NIA is yet to be full accounted for.

$26 billion (N9 trillion)
The minister of state for Petroleum resources, Dr. Emmanuel Ibe Kachikwu raised an alarm about being sidelined in the affairs of the state-owned oil company, Nigerian National Petroleum Corporation, NNPC with contracts in the tune of $26 billion awarded without his input and adherence to due process. Till date, the issue has been covered up despite the media interest generated. The fact that this is taking place under the administration that intends not only to fight corruption in Nigeria but also Ghana makes it subnormal.

Monthly billions in Police - N10 billion monthly
one would expect the current Inspector General of Police Ibrahim Kpotum Idris to step aside not because of the killings in Benue, Kaduna, Adamawa, Plateau, Taraba States and others but the dirt in his office as unearthed by Senator Isa Misau.

He has been accused of being romantically involved with his female colleagues, patronizing Aisha Buhari – wife of President with car gifts and also presiding over a police office that illegally makes about N10 billion monthly from oil companies and other private individuals who enjoy special protection from the security agency which is unaccounted for and also condoning the collection of bribes for juicy postings. The fact that he is still in office is a conk palm oil stain on Buhari’s white garment.


these ones are just a tip of the iceberg... there's more where that came from

remember, this is just between may2015 and this year so far.

And the 12 trillion Naira already mismanaged under you govt is what ? Osinbanjo is clearly another self centred lackey

justtoodark:


dont mind dem dem easterners......

That man (pastor) scam! irritating! always crying me a river. sinc you claimmed that he has done all this you've been accursing him of with evidence, why don't you order for his arrest. fake pastor!