kettle and pot situation.lol

abeg make unna tell genBuhari say we no dey read all that nonsense im dey post here

[size=18pt]16th September 2003 - BBC News
Obasanjo's shame: $15bn (N2,400bn ) feared stolen from Government Pension Fund[/size]
Nigerian authorities have uncovered a huge deficit in the state pension fund, confirming what many unpaid former state workers have feared for years.

Retired civil servants have long complained of non-payment of their pensions, with many forced to queue for days to claim what they are owed,

According to Nigerian government calculations, the shortfall in the state pension fund amounts to at least 2 trillion naira (£9.3bn; $14.8bn).

The revelation is likely to stir suspicions that some of the money may have been misappropriated.

Corruption was a major issue in Nigeria's recent election, which saw won by President Olusegun Obasanjo and his People's Democratic Party (PDP).

'Unfortunate activity'

Experts have not ruled out that some of the money may have been stolen, but there has also been criticism of the pay-as-you-go scheme the state uses to raise pension funds.

"We think there has been some unfortunate activity," Ahmed Mohammed of the Nigerian Social Insurance Trust Fund told the BBC's Network Africa.


"This pay-as-you-go scheme has been abandoned in many countries. Payments have not been made on time."

Pensioners regularly travel to Abuja, often camping outside government offices, in the hope of getting some of their money.

Many reacted to the news with dismay.

"I don't have a roof on my head, There is no sign that the government will be able to pay our pensions," said one pensioner.

"The government is fighting against corruption. If the government can't pay this money, then they cannot stop all these things," said another.

https://www.nairaland.com/nigeria/topic-693700.480.html

Some African countries had the so called spring before Arabs decades ago and the fight is still going on for some, some are already doing good. There is nothing to learn from North-Africans out

[size=18pt]22nd May 2003 - BBC News
Bank fraud rises by 40% as President Obasanjo commences his second term[/size]

Nigeria's banks have seen almost $10m disappear through employee fraud in 2002, a rise of more than 40% on the year before, a survey by the country's banking regulator has found.
The total amount stolen was 1.29bn naira, up from 906.3m in 2001, the Nigerian Deposit Insurance Corporation reported.

Ten times that amount - 12.91bn naira - was recorded in attempted fraud, up from 11.24bn for a rise of 15%.

Most of the thefts, NDIC said, were the result of either forgeries or illegal withdrawals from customers' accounts.

The figures may well be an understatement, though, as NDIC said it believes financial institutions routinely underreport fraud losses for fear of negative publicity.

Bad name

Fraud and corruption have become an unfortunate staple in Nigeria's international reputation.

The country regularly features at the top of international surveys measuring the part played by graft in different economies.

Successive dictatorships have extracted billions from the exchequer, denuding the public purse of revenues from Nigeria's rich oil reserves.

Outside the country, Nigeria has become synonymous with fraud as some of its citizens use the boom in internet cafes to send "spam" e-mails, promising millions in exchange for the gullible recipient's bank details.


https://www.nairaland.com/nigeria/topic-693700.448.html

[size=20pt]Obasanjo's Criminal Administration[/size]
Posted: June 18, 2011 - 21:28
By Adamu Muhd Usman
Kafin-Hausa

“Only crime and the criminal, it is true, confront us with the perplexity of radical evil; but only the hypocrite is really rotten to the core”. --Hannah Arendt (1906 - 1975) German-born U.S. philosopher and historian.

I relish Obasajo’s courage and boldness in speaking his mind, I have to commend him for contributing in national issues but I will condemn him in so many atrocities he committed to Nigeria and Nigerians. Obasanjo was a civil authoritarian and a great exploiter of humanity. It was in Obasanjo’s regime we had frequent incongruity in National Assembly, were Senator boxing one another, throwing chairs up and disgracing themselves. The mace was always being removed from the chamber of NASS. The federal and states executives were fighting the legislatives and the toothless judiciary of that period couldn’t intervene under Obasanjo autonomous government.

Corruption under the government of Obasanjo thrived in Nigeria. He printed N500 and N 1,000 notes to aid fraud. No more Ghana must go, but small brief case can carry millions of naira away. My dear, can you please reflect back on your reminiscence that, former President Obasanjo’s regime won a colourful trophy, a trophy that made Nigeria one of the most corrupt countries in the World. And he was even accusing Late Abacha he looted or he was the most corrupt leader in Nigeria. “Even if Abacha looted, Obasanjo looted 300 percent more than Abacha. Why somebody who stole a fowl is crucified more than a man that stole more than 300 cows daily.”---- Senator Owie (Leadership 23-June, 2008)

During Obasanjo’s regime, where was the 25% annual increment? Where was the 13% derivation formular for Oil producing areas? Do you remember the Odi Zaki-Biam experience? That is the Odi Massacre by the civilian dictator? The OPC and Bakassi Saga, the Kano, Kaduna, Jos Taraba and the Port Harcourt riots? Etc

Have you forgotten that, it was during Obasanjo’s regime that Nigeria had the longest NLC strike, the longest ASUU strike, Medical Doctors strike, the regular fuel hike etc. . Yet Obasanjo was allowed moving freely even commissioned some projects in Jigawa state in the recent past, taking parts in national issues, passing some unnecessary utterances, ranging from late Yar’adua’s (take path of honour) to “even if Jesus Christ ‘A.S’ will come down to the earth cannot conduct a free and fair elections” etc, all camouflaging as a statesman?

Obasanjo gave 2013 vacancies to millions of unemployed graduates roaming the streets. During Obasanjo’s regime, the National reconciliation rejected sovereign National conference. The constitution review committee suggested punishment for coup de’etat but no law to punish any civilian government which fails to meet the needs and aspirations of the masses (like that of Obasanjo).

That even gave him a yardstick last year to comment in Dutse, the Jigawa state capital that “I came on board as president in 1999 in order to salvage the country from a deep socio-political crisis and not to provide any infrastraracture"

The previous regime of uncle Sege talked about privatization (El-Rufai’s office) but I call it second Colonization. If the masses cannot afford the basic amenities and necessities of life, is it when they are privatized they will enjoy it? Also it was during Baba of Otta he gave out Bakassi peninsula freely without Nigerian’s consent. He also spread the propaganda of Bird Flu agenda for his self aggrandizement, which made millions of Nigerians jobless, confused and stranded, by disqualifying their profession, nullifying their future and depriving them from their source of livelihood. No! This is in human. I humbly agree with his opinion that he‘ll be the first victim of revolution in Nigeria based on the few atrocities mentioned above. .

In line with this, I appeal to the present government to take its time in doing things right, at the right time, and for the right purpose. We are tired of suffering, stagnation, miseries, endless sermons and empty promises.

Because many preceding governments have come with their slogan that, they would fight corruption, they would fight abuse of office, they wouldn’t want this, they wouldn’t want that, they would do this, they would do this, they would do that, but the aim must to be total and direct, toward achieving societal changes, peaceful co-existence, political stability and National development most especially in the present situation of our bless country of insecurity and all manners of violence and political in stability.

O God strengthen our faith, expand our living space and bless us in our livelihood. Give our soul piety and our conscience purity and we seek refuge in you against difficulties, calamities and let not those who have no fear of you and those who do not show mercy toward us, rule over us. May God guide our leaders aright and bless Nigeria as a whole Amen. Based on the few atrocities mentioned above, I humbly agree with his opinion that he‘ll be the first victim of revolution in Nigeria

Adamu Muhd Usman
Kafin-Hausa, Jigawa State
amu3333@yahoo.com

http://saharareporters.com/article/re-i%E2%80%99ll-be-first-victim-revolution-nigeria