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Stats: 2,021,577 members, 4,308,406 topics. Date: Wednesday, 20 June 2018 at 02:02 PM

EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal (23105 Views)

What Will Happen If Buhari Orders Obasanjo's Arrest Over $16bn Power Probe? / Buhari Queries Obasanjo Over $16bn Power Project / VP Osinbajo Blasts Nigerian Police, Judges For Unlawful Detention Of Suspects (1) (2) (3) (4)

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Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by degamemaster(m): 11:35am On May 26
Adekdammy:
This is a good move but wrong timing. Now obj spoke against the tyrant and he decided to unleash his attack dogs against him just to silence him.

When obj was supporting him to power and some of us were saying obj lacks the moral to endorse who to rule Nigeria, we were called names.

Well let' see how this will play out, expect more opposition to be silenced by this govt.

If this govt truly wants to fight corruption, the fight should start from within the Apc loyal to the president, anything short than that is simply witch hunting or silencing opposition.

We need a new breed outside the norm who is without greed to rescue this land from this beasts in power/ the present political class be it apc or pdp.

You're very correct and with this move now, buhari is killing his popularity the more.
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by HtwoOw: 11:38am On May 26
Dear BadBelle

SERAP called for the Probe , Buhari only said where's the power


Obasanjo might not be directly involved with the fraud, but he should be reprimanded for not advocating for transparency and accountability and i am pretty sure that friends of his friends will be involved with this fraud , i also hope EFCC probes Haliburton, Shell , Malabu oil deal and every other international fraud perpetrated by the PDP
Omeokachie:
So Buhari now instructs Magu and his EFCC on whom to investigate?


Magu does not have a mind of his own to do his job unless micromanaged by the president, and you say EFCC is not a mere attack dog for the APC?


So much for the 'independence' of a so-called anti-corruption agency.
Like Ribadu before him, Magu will end up seeking asylum last last. We have seen how it all ended up for puppets like him.
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by brodalokie: 11:40am On May 26
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by PrecisionFx(m): 11:44am On May 26
maximunimpact:
Following representations made by some civil society groups, the Economic and Financial Crimes Commission (EFCC) has set machinery in motion to probe the controversy surrounding the $16 billion allegedly spent on power projects during the administration of former President Olusegun Obasanjo.

The anti-graft agency may invite two ex-ministers, former top officials of the defunct Power Holding Company of Nigeria (PHCN), present and past officials of the Niger Delta Power Holding Company and all the people recommended for investigation by a committee of the House of Representatives.

A team in EFCC was already collating facts and figures at press time yesterday.

But a top source, who spoke in confidence, said the move was not targeted at ex-President Obasanjo.

According to findings by our correspondent, the EFCC might conduct a forensic and comprehensive investigation into the alleged $16 billion power projects.

The scope of the investigation includes the total cost of the projects, how much was withdrawn from the Excess Crude Account (ECA), the total number of contracts awarded, the extent of compliance with due process and the status of the execution of all the projects.

A top source, who spoke in confidence yesterday, said: “We are looking into all the allegations and issues surrounding the power projects.

“We will conduct a comprehensive and forensic probe to ascertain the true status of all the projects.

“This investigation will actually ascertain how much has been spent so far.

“We have many figures being bandied about as follows: $16 billion, $13.278 billion, $10.3 billion, $8.4 billion and $8.55 billion.

“This is not an investigation aimed at ex-President Olusegun Obasanjo or anybody. We have to step in to set the records straight.

“Already, a team is collating facts and figures on these projects as part of the preliminary level/ bend of the investigation.”

Responding to a question, the source added: “We will retrieve the report of the House of Representatives Committee which investigated the power projects.

“The House actually recommended 18 top former public officers, including two ex-ministers, for investigation by anti-graft agencies, especially EFCC and ICPC.

“Many salient issues were raised for investigation by the House

Committee, which was headed by Hon. Ndudi Elumelu.”

The issues raised by the Elumelu Committee were as follows:

All NIPP payments were made without following due process

No meaningful progress was made in the execution of power contracts

Officials rushed to pay contractors in full even before engineering design for the projects have been completed and approved

NIPP contracts were not only overpriced in comparison with PHCN contracts, they were also wide off the mark

Widespread evidence of systematic over-scoping of projects in order to inflate costs both in PHCN and NIPP

NIPP Distribution EPC contracts were awarded at costs averaging about 10 times the norm when compared to PHCN contracts.

The Ndudi Elumelu Committee was put in place by the House on January 31, 2008 to look into how much was spent on power projects.

In its report, the committee said that about $13.278 billion was spent on power projects between 1999 and 2007.

The committee recommended termination of 13 contracts and review of 10 projects.

About 15 contracting and consulting companies were asked to be investigated by the appropriate agencies.

https://www.financialwatchngr.com/2018/05/26/efcc-begins-probe-of-suspects-in-obasanjos-16bn-electricity-deal/


They left OBJ, The Ring leader and they are focusing on ""suspects""


Buhari has always been a coward.

1 Like 1 Share

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Jesusloveyou(m): 11:56am On May 26
Akkord4gov:
Let me start criticising this government maybe EFCC will come and investigate how I got 1,343 naira in my account

My sincere opinion about this,I don't have problem with the investigation. Though this government has made it widely known that they are fighting perceived opposition. Jonathan is keeping quite presently,lol.
those who have glass can never in their life throw stone.

2 Likes

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Jesusloveyou(m): 12:02pm On May 26
PrecisionFx:


They left OBJ, The Ring leader and they are focusing on ""suspects""


Buhari has always been a coward.
but the jobless intellectually lazy idiotic pigs of Biafra said buhari is fighting anybody that speak against,

Does those suspect criticised buhari?

2 Likes

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Charly68: 12:02pm On May 26
Nobody is above the law,the lawless seems to be craving for recognition in the land,let the law takes its course

1 Like

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by chernest2002: 12:24pm On May 26
Because obj told buhari pure truth. Nigeria is doomed

1 Like

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by maasoap(m): 12:25pm On May 26
Fuckyoumod:
Useless Government....

Nigeria is in grave Danger.

A new Tyrant is in town, why did he not go after them before now??

If you dare criticise this government, you become a suspect of one crime or the other.

What a mockery...

Was there a 16 billion dollars power contracts scam? If yes, your opinion on the subject is irrelevant at this stage.

When I read the house investigative committee report on the scam some years ago, I almost cried. Committee couldn't locate or identify some sites for many of the projects, yet almost all the contractors had received as much as 95% of the contract sum.
Better late than never. Who cares about the reason?

1 Like

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by MxFactor: 12:38pm On May 26
Smh, Buhari, if you have to kill OBJ for this wastage of $16bn, go ahead I support you. I can't continue like this!
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by laytoshtwo: 12:53pm On May 26
grin grin grin grin OBJ was a saint until he start writing letters.
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by desmond2pk: 12:59pm On May 26
Those who ganged up against Jonathan and Nigerians. This is the beginning
Tinubu your time is coming
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by francisbarrack(m): 1:12pm On May 26
abogjohn:

Bro you are educated naa.. Can EFCC come to you house and carry you if you are not corrupt. Why them no go carry or probe Okonjo Iweala since?. We youths can't continue to reason like this..

Zombie spotted...
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by crush20(m): 1:25pm On May 26
haryorbarmie83:
Jail them all PMB, they loot all our commonwealth finish. Awon ole.
PMB HIMSELF AS WELL....PTF FUNDS

1 Like

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by crush20(m): 1:28pm On May 26
chernest2002:
Because obj told buhari pure truth. Nigeria is doomed
B4 NKOR, DOES ANY BODY NEED A PASTOR TO SEE VISION FOR THAT OR BABA LAWO
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by brodalokie: 1:36pm On May 26
MxFactor:
Smh, Buhari, if you have to kill OBJ for this wastage of $16bn, go ahead I support you. I can't continue like this!

So because he wan to kill OBJ he must punish us to submission of agreeing as if na we dey stop am since. All the people they killed since, e better or favor anybody? Una don see mugu abi
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by deomelo: 1:45pm On May 26
Fuckyoumod:
Useless Government....

Nigeria is in grave Danger.

A new Tyrant is in town, why did he not go after them before now??

If you dare criticise this government, you become a suspect of one crime or the other.

What a mockery...



1. Your $16 billion disappeared with no question asked to set the records straight before PMB, you are still in darkness, but PMB is a tyrant because the EFCC is asking many questions that the crooked and corrupt PDP should have asked.


2. The investigation commissioned in 2018 and the report/findings was submitted to the then speaker of the house, Bankole, another crooked and corrupt PDP looter who looked the other way and buried the report with no action taken and recommendation followed.

3. Yaradua and Jona also looked the other way because taking action and following recommendations means exposing their crooked and corrupt PDP.

4. Fast forward to the EFCC in 2018 taking action to set the record straight and find out what happened to your money, PMB is a tyrant.



Fact is, you people can never be members of any lawful, sane, rational and stable society because tribalism, politics, bitterness and bigotry comes before your own country, before your community and even you yourself.


How pathetic and anti social can you people be, for real.

2 Likes

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Yongjesus(m): 1:51pm On May 26
Fuckyoumod:
Useless Government....

Nigeria is in grave Danger.

A new Tyrant is in town, why did he not go after them before now??

If you dare criticise this government, you become a suspect of one crime or the other.

What a mockery... May be then or now the main thing is to recover the money

1 Like

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Codes151(m): 1:53pm On May 26
utytill:
If Buhari wins 2019 election, many ppl will enter prison yard.
same thing they said
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by bluecircle470: 2:01pm On May 26
Bubu is finally on a suicide mission...... Lol, i am liking this. Daura! Here he comes.
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by progress69: 2:23pm On May 26
Fuckyoumod:
Useless Government....

Nigeria is in grave Danger.

A new Tyrant is in town, why did he not go after them before now??

If you dare criticise this government, you become a suspect of one crime or the other.

What a mockery...

Rubbish talk!

Does ur rants absorb them of probe.

U guys just use the word tyrant without knowing what it actually means.
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by ohiku4every1(m): 2:28pm On May 26
people with clear conscience should criticize the govt constructively
if U are corrupt, remain mute or being investigated .
#iStandWithBuhari
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by edupedia: 5:37pm On May 26
Fuckyoumod:
Useless Government....

Nigeria is in grave Danger.

A new Tyrant is in town, why did he not go after them before now??

If you dare criticise this government, you become a suspect of one crime or the other.

What a mockery...

fake "likes"manufactured from PDP lappies in a fake office...
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by dimmikel: 7:00pm On May 26
Somebody should better warn Efcc boss ' magu' before his case go worse pass IGP. Let him kno sey na obasanjo create efcc
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by FreelanceRebel: 7:52pm On May 26
Omeokachie:
So Buhari now instructs Magu and his EFCC on whom to investigate?
Magu does not have a mind of his own to do his job unless micromanaged by the president, and you say EFCC is not a mere attack dog for the APC?

So much for the 'independence' of a so-called anti-corruption agency.
Like Ribadu before him, Magu will end up seeking asylum last last. We have seen how it all ended up for puppets like him.

Just like CIA, EFCC although independent, is answerable to the president alone.
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by PrecisionFx(m): 8:12pm On May 26
Jesusloveyou:
but the jobless intellectually lazy idiotic pigs of Biafra said buhari is fighting anybody that speak against,

Does those suspect criticised buhari?


grin.
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Basalt(m): 1:38am On May 27
HtwoOw:
Obasanjo you looked for trouble


Dear BadBelle accusing Buhari of sending EFCC to disgrace OBJ

SERAP called for the Probe , Buhari only said where's the power


Obasanjo might not be directly involved with the fraud, but he should be reprimanded for not advocating for transparency and accountability and i am pretty sure that friends of his friends will be involved with this fraud , i also hope EFCC probes Haliburton, Shell , Malabu oil deal and every other international fraud perpetrated by the PDP

Why was the probe not done all these while only to be done when Obasanjo criticized Buhari.

Buhari is a tyrant
Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by HtwoOw: 9:57am On May 27
worefa


I am happy for you
Basalt:


Why was the probe not done all these while only to be done when Obasanjo criticized Buhari.

Buhari is a tyrant

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