Re: mODIFIED by egift(m): 11:23am On Nov 11, 2014 |
barcanista: Corruption have been institutionalised in Nigeria And Jonathan is asking for another 4 years to Cement it and make it permanent. That, Nigerians will not accept. The Zoologist is going home. |
Re: mODIFIED by omenka(m): 11:24am On Nov 11, 2014 |
barcanista: Seun and Obinoscopy Please do something about this.
Thank You |
Re: mODIFIED by Nobody: 11:24am On Nov 11, 2014 |
OP's analysis supports subsidy removal. 1 Like |
Re: mODIFIED by Nobody: 11:25am On Nov 11, 2014 |
egift:
And Jonathan is asking for another 4 years to Cement it and make it permanent. That, Nigerians will not accept. The Zoologist is going home. With this rate of mismanagement and corruption, I don't think Nigeria can survive another four years under this Judgement if this trend persist 1 Like |
Re: mODIFIED by Nobody: 11:26am On Nov 11, 2014 |
CyberWolf: Are you guys jobless to this extent If this intelligently arranged research work is joblessness to you, then you have a huge problem. 1 Like |
Re: mODIFIED by Demdem(m): 11:26am On Nov 11, 2014 |
barcanista: PRESIDENT GOODLUCK JONATHAN, Feb 2010-Present
2010 Price of Petrol: N65 per Litre
Petrol Subsidy: N673 billion
SURE-P: N0.00
2011 Price of Petrol: N65 per Litre
Petrol Subsidy: N2.19 trillion (was first N1.3 trillion but was revised by the Finance Minister to N2.19 trillion)
SURE-P: N0.00
2012 Price of Petrol: N97 per Litre
Petrol Subsidy: N1.049.6 trillion (was first N888 billion and another N161.6 billion)
SURE-P: N180 billion
2013 Price of Petrol:N97 per Litre
Petrol Subsidy:N971.1 billion
SURE-P: N273.5 billion
2014 Price of Petrol: N97 per Litre
Petrol Subsidy:N971.1 billion
SURE-P: N274 billion
http://whitepagesng.com/blog/nigeria-spends-n4-9trn-in-7-years-on-fuel-subsidies/ http://www.vanguardngr.com/2014/07/subsidy-regime-of-controversy/ Jonathan the fool exposed all over again. Anyway, thus is not difficult to understand. 2011 was an election year. We knew the thousands of dollars Jonathan gave delegates of the killer party in eagle square to secure their support. Surely these money didn't come from otuokpe neither did it come from one father Xmas entrepreneur. Stella oduahs company for instance was later indicted for subsidy fraud, this Stella was also in charge of the neighbour to neighbour bullshit in vogue then. So u see, in Jonathan opinion, it's money well spent strictly for his selfish ambition. Expect worse more in 2015. 1 Like |
Re: mODIFIED by mrvitalis(m): 11:28am On Nov 11, 2014 |
am speechless....and some people will come here and say GEJ is the best thing that ever happen to nigeria ....i say to them may the best thing in ur life ..be like what GEJ has done for nigeria ....amem . . . . pls moderator show u not bias and move this to front page 1 Like |
Re: mODIFIED by Nobody: 11:34am On Nov 11, 2014 |
Demdem:
Jonathan the fool exposed all over again. Anyway, thus is not difficult to understand. 2011 was an election year. We knew the thousands of dollars Jonathan gave delegates of the killer party in eagle square to secure their support. Surely these money didn't come from otuokpe neither did it come from one father Xmas entrepreneur. Stella oduahs company for instance was later indicted for subsidy fraud, this Stella was also in charge of the neighbour to neighbour bullshit in vogue then. So u see, in Jonathan opinion, it's money well spent strictly for his selfish ambition. Expect worse more in 2015.
He will be resisted in 2015 at the polls. He must give account of his stewardship wince 2010 February when he started acting as President 2 Likes |
Re: mODIFIED by Nobody: 11:35am On Nov 11, 2014 |
mrvitalis: am speechless....and some people will come here and say GEJ is the best thing that ever happen to nigeria ....i say to them may the best thing in ur life ..be like what GEJ has done for nigeria ....amem . . . . pls moderator show u not bias and move this to front page Attention Mr. Seun and Obinoscopy please we are appealing to your good offices 2 Likes |
Re: mODIFIED by anonimi: 11:35am On Nov 11, 2014 |
barcanista: You are right.. One of the Major indicted fellow is Mr. Ifeanyi TAN Ubah. The Coordinator of TAN and Campaigner of Jonathan.
He was indicted by Aigboje Aig-Imoukhuede-led 15-man Presidential panel on the Subsidy for an alleged N43.291b fuel subsidy scam. Till today, he is yet to be brought to Justice
http://thenationonlineng.net/new/efcc-arrests-ifeanyi-ubah-over-alleged-n43-291b-fuel-subsidy-scam/ Your abject IGNORANCE that you try to pass with plenty swagger as intelligence is quite shocking For your reading pleasure => Fuel Subsidy Scam: Court Orders IG, Others To Pay Ubah N10m FEB 18, 2013
The Federal High Court in Lagos has awarded N10 million in favour of Capital Oil & Gas and its Chief Executive Officer, Mr Ifeanyi Ubah.
The sum was awarded as damages against the Inspector General Of Police, Mohammed Abubakar, the Commissioner of Police of the Special Fraud Unit, Tunde Ogunsakin, the Chairman of Access Bank, Mr Aig-Imokhuede, and the CEO of Coscharis Motors, Cosmas Maduka jointly for breach of the fundamental human rights of Mr. Ifeanyi Ubah.
In his judgment, Justice Chukwujekwu Aneke quashed and set aside the Presidential Report on Fuel Subsidy by Aig-Imokhuede and the Police Interim Report that indicted Ifeanyi Ubah on fuel subsidy.
In quashing the report, the court held that it was not obtained under a favourable condition as there was conflict of interest arising from the report of Aig-Imokhuede.
The court also faulted the police report compiled by Mr. Tunde Ogunsakin who is also a member of the presidential task force which indicted him on the fuel subsidy.
The court held that they were both investigators and prosecutors at the same time and also restrained the police from re-arresting or investigating the capital oil boss.
It will be recalled that Mr. Ifeanyi Ubah had filed a suit challenging the Presidential Report on Fuel Subsidy and his detention in custody for 10 days.
From: http://www.channelstv.com/2013/02/18/fuel-subsidy-scam-court-orders-ig-others-to-pay-ubah-n10m/ Another development on the same INCOMPLETE story that you shared to obviously DISTORT the facts of the matter in order to create aspersions against the person and office of the president of our country. Subsidy scam: Court bars EFCC from prosecuting Ifeanyi Ubah July 26, 2013
Justice Abdul Kafarati of a Federal High Court in Abuja, Thursday, issued an order of perpetual injunction restraining the Economic and Financial Crimes Commission, EFCC, from prosecuting the Managing Director of Capital Oil and Gas Limited, Patrick Ifeanyi Ubah and his company over their alleged complicity in petroleum subsidy fraud.
The court further barred the Inspector General of Police, IGP, and the Attorney General of the Federation and Minister of Justice, Mohammed Bello Adoke, SAN, from taking any step towards prosecuting the applicants.
Besides, Justice Kafarati, while delivering judgment in a fundamental rights enforcement suit marked: FHC/ABJ/CS/284/2013 filed by Ubah and his company, faulted a recent invitation sent to the applicants by the EFCC. Consequently, he granted four out of five prayers the applicants raised in their suit which challenged the decision of the anti-graft agency to re-investigate the complaint that Ubah and his company were involved in the petroleum subsidy fraud.
Ubah and his company had argued that it was wrong for the EFCC, IGP, AGF and any other agency of the government to want to prosecute them over the same issue on which a Federal High Court in Lagos had exonerated them by virtue of its February 18, 2013 judgment in suit number: FHC/CS/07/2013 and a report by the House of Representatives committee which investigated the fuel subsidy fraud. They also relied on a letter dated February 12, 2013 written by the Police Special Fraud Unit, D Department to the Minister of Finance, clearing them of any criminal complicity in the allegation of subsidy fraud made against them.
Justice Kafarati declared that [size=14pt]the February 18 judgment, the House of Representatives’ committee report and the police letter of February 12 “collectively tantamount to a complete and final exoneration of any criminal offence with regard to application for receipt of subsidy payment under the Federal Government of Nigeria Petroleum Support Fund , PSF, scheme.”[/size]
- See more at: http://www.vanguardngr.com/2013/07/subsidy-scam-court-bars-efcc-from-prosecuting-ifeanyi-ubah/#sthash.nnWVsi9a.dpuf So you can address a petition to the federal representaTHIEF for your constituency or share FRESH information with the police (SFU) and EFCC on the matter. Once again your PROPAGANDA attempt that is built on half-truths and outright LIES has been revealed for the SCAM that it is. As I advised you earlier, permit me to advise you yet again => Get real!!! 4 Likes 1 Share |
Re: mODIFIED by chibwike(m): 11:36am On Nov 11, 2014 |
barcanista: Attention Mr. Seun and Obinoscopy please we are appealing to your good offices Lol |
Re: mODIFIED by arsetalks(m): 11:38am On Nov 11, 2014 |
This thread should make the front page but it won't because Barcanista started it and because GEJ must be protected. 2 Likes |
Re: mODIFIED by anonimi: 11:41am On Nov 11, 2014 |
HNosegbe: OP's analysis supports subsidy removal. Was that not what the Jonathan/Sambo administration proposed after its endorsement by all the state governors Private Sector, Governors support removal of Fuel subsidy OCTOBER 16, 2011
More from: http://www.dailytimes.com.ng/article/private-sector-governors-support-removal-fuel-subsidy What happened when the die was cast Most of us really need to better understand our country so we are not left at the mercies of these "internet warriors" who have been commissioned to "confuse the minds" of their fellow citizens by those who brought our country to its knees and made us a laughing stock in the comity of nations YET they want to return to continue to steal & devour us all.God forbid!!! |
Re: mODIFIED by Nobody: 11:42am On Nov 11, 2014 |
anonimi:
Your abject IGNORANCE that you try to pass with plenty swagger as intelligence is quite shocking For your reading pleasure =>
Another development on the same INCOMPLETE story that you to obviously DISTORT the facts of the matter in order to create aspersions against the person and office of the president of our country.
So you can address a petition to the federal representaTHIEF for your constituency or share FRESH information with the police (SFU) and EFCC on the matter.
Once again your PROPAGANDA attempt that is built on half-truths and outright LIES has been revealed for the SCAM that it is. As I advised you earlier, permit me to advise you yet again =>
Get real!!! Anonimi have started again, according to your article, UBAH was not completely exonerated. He was awarded N10million for "being in custody beyond 24 hours" in the first article. The court also ruled that Ogunsakin of the Special Fraud Unit cannot Prosecute Ubah because he was a Member of the Presidential Committee NOT because Ubah was innocent. Your second Article boil down to restraining Injunction and not acquittal. Mr. Ifeanyi Ubah should stop exploiting the court and face his trila. If he was Innocent, he won't opt of a perpetual Injucntion. Read Well Subsidy scam: Court bars EFCC from prosecuting Ifeanyi Ubah July 26, 2013
Justice Abdul Kafarati of a Federal High Court in Abuja, Thursday, issued an order of perpetual injunction restraining the Economic and Financial Crimes Commission, EFCC, from prosecuting the Managing Director of Capital Oil and Gas Limited, Patrick Ifeanyi Ubah and his company over their alleged complicity in petroleum subsidy fraud. And not even the February Judgement exonerated him. The judgement of Feb 2013 is very clear... In quashing the report, the court held that it was not obtained under a favourable condition as there was conflict of interest arising from the report of Aig-Imokhuede.
The court also faulted the police report compiled by Mr. Tunde Ogunsakin who is also a member of the presidential task force which indicted him on the fuel subsidy.
The court held that they were both investigators and prosecutors at the same time and also restrained the police from re-arresting or investigating the capital oil boss
2 Likes |
Re: mODIFIED by anonimi: 11:47am On Nov 11, 2014 |
barcanista: Anonimi have started again, according to your article, UBAH was not completely exonerated. He was awarded N10million for "being in custody beyond 24 hours" in the first article. The court also ruled that Ogunsakin of the Special Fraud Unit cannot Prosecute Ubah because he was a Member of the Presidential Committee NOT because Ubah was innocent.
Your second Article boil down to restraining Injunction and not acquittal. Mr. Ifeanyi Ubah should stop exploiting the court and face his trila. If he was Innocent, he won't opt of a perpetual Injucntion. Read Well
You know what to do instead of maligning the good reputation of our president here. The court said his persecutors have no basis because RELEVANT reports and agencies have cleared him. - Do you have a contrary opinion to that of the judge? - What is the basis of your contrary opinion?- Why have you kept such evidence to yourself rather than share with the appropriate authorities 2 Likes |
Re: mODIFIED by Nobody: 11:47am On Nov 11, 2014 |
arsetalks: This thread should make the front page but it won't because Barcanista started it and because GEJ must be protected. Imagine that. I don't know why this is taking time to hit fp. Nigerians need to know what is going on 1 Like |
Re: mODIFIED by omenka(m): 11:48am On Nov 11, 2014 |
Now let's do some arithmetic based on the data at our disposal shall we:
Obj started off at 151.69B and ended up at 188B Increase in subsidy expenditure = 188 - 151.9 = 36.1B Percentage increase = (36.1 * 100)/151.9 = 23% (approx) Period under review : 1year.
Taking Obj's last to be Yar'adua's beginning, we have: Increase in subsidy expenditure = 421 - 188 = 233B Percentage increase = (233 * 100)/188 = 123% (approx) Period under review: 2years.
Taking Yar'adua's last to be Jonathan's beginning, we have: Increase in subsidy expenditure = 2190 - 421 = 1,769B Percentage increase = (1,769 * 100)/421 = 420% (approx) Period under review: 2years.
Now, we are talking about verifiable facts here. Can someone tell me if there was a corresponding increase in the percentage of the consumers of the product to have warranted such geometric rise in expenditure on the product under Jonathan??
What was the percentage increase in our population?? What was the percentage increase in the number of automobiles within the country??
What was the percentage increase in the number fuel powered generators in the country??
Are these figures available?? If they aren't, on what grounds did the government stand when they increased the expenditure to such scandalous levels??
Can someone help us out here?? 1 Like |
Re: mODIFIED by Nobody: 11:54am On Nov 11, 2014 |
anonimi:
You know what to do instead of maligning the good reputation of our president here. The court said his persecutors have no basis because RELEVANT reports and agencies have cleared him.
- Do you have a contrary opinion to that of the judge? - What is the basis of your contrary opinion? - Why have you kept such evidence to yourself rather than share with the appropriate authorities The Court Judgement was based on: 1. The Feb 18 Ruling that said the Police and EFCC can't Prosecute him because the Police was the Investigator in the matter. Not that Ubah was Innocent. 2. It is a Shame that the Federal Government and the Police Did not APPEAL the judgement. They have 200% powers to arrest, investigate and Prosecute 3. Why is Ifeanyi Ubah opting for "A perpetual" injunction if he was innocent? Only criminals follow such route, and only corrupt Judge grants it. Eg Peter Odili 4. If the Government is sincere they would have appealed but NO, they rather "let it slide" afterall it is padi-padi 2 Likes |
Re: mODIFIED by anonimi: 11:57am On Nov 11, 2014 |
barcanista: The Court Judgement was based on:
1. The Feb 18 Ruling that said the Police and EFCC can't Prosecute him because the Police was the Investigator in the matter. Not that Ubah was Innocent.
2. It is a Shame that the Federal Government and the Police Did not APPEAL the judgement. They have 200% powers to arrest, investigate and Prosecute
3. Why is Ifeanyi Ubah opting for "A perpetual" injunction if he was innocent? Only criminals follow such route, and only corrupt Judge grants it. Eg Peter Odili
4. If the Government is sincere they would have appealed but NO, they rather "let it slide" afterall it is padi-padi - Why did you omit the HoR report? - Do you not have a federal representaTHIEF for your area - Why can't you petition him, instead of "letting it slide" afterall to you it is not padi-padi, abi? |
Re: mODIFIED by Nobody: 11:57am On Nov 11, 2014 |
@Omenka, don't forget that Yar Adua brought back the subsidy and reversed the pump price of petrol to 65 Naira from 70 Naira. This means that the Government bore the N5 discrepancy per liter which is a huge sum. WHat is Jonathan's Justification? What was the percentage increase in our population?? What was the percentage increase in the number of automobiles within the country??
What was the percentage increase in the number fuel powered generators in the country?? Nigeria became the largest economy 2 Likes |
Re: mODIFIED by omenka(m): 12:02pm On Nov 11, 2014 |
barcanista: @Omenka, don't forget that Yar Adua brought back the subsidy and reversed the pump price of petrol to 65 Naira from 70 Naira. This means that the Government bore the N5 discrepancy per liter which is a huge sum. WHat is Jonathan's Justification?
Nigeria became the largest economy Hopefully, someone with a kind heart will come explain things to us. |
Re: mODIFIED by CyberWolf: 12:03pm On Nov 11, 2014 |
barcanista: What do you mean jobless? Guy you better run away from thread if you feel embarrased You are a jobless political tout.. 1 Like |
Re: mODIFIED by Nobody: 12:03pm On Nov 11, 2014 |
omenka: Hopefully, someone with a kind heart will come explain things to us. Hopefully it will be moved to FP so that the whole Jonathanians will have opportunity to "explain" to us this kind of magic. No wonder the corrupt class are re-united in support of Mr. Jonathan |
Re: mODIFIED by mekaboy(m): 12:08pm On Nov 11, 2014 |
omenka: Now let's do some arithmetic based on the data at our disposal shall we:
Obj started off at 151.69B and ended up at 188B Increase in subsidy expenditure = 188 - 151.9 = 36.1B Percentage increase = (36.1 * 100)/151.9 = 23% (approx) Period under review : 1year.
Taking Obj's last to be Yar'adua's beginning, we have: Increase in subsidy expenditure = 421 - 188 = 233B Percentage increase = (233 * 100)/188 = 123% (approx) Period under review: 2years.
Taking Yar'adua's last to be Jonathan's beginning, we have: Increase in subsidy expenditure = 2190 - 421 = 1,769B Percentage increase = (1,769 * 100)/421 = 420% (approx) Period under review: 2years.
Now, we are talking about verifiable facts here. Can someone tell me if there was a corresponding increase in the percentage of the consumers of the product to have warranted such geometric rise in expenditure on the product under Jonathan??
What was the percentage increase in our population?? What was the percentage increase in the number of automobiles within the country??
What was the percentage increase in the number fuel powered generators in the country??
Are these figures available?? If they aren't, on what grounds did the government stand when they increased the expenditure to such scandalous levels??
Can someone help us out here?? ALL OTHER PRESIDENTS PAID IT, WHEN JONATHAN REMOVED IT, YOU WERE THE ONES THAT CURSED JONATHAN AND SAID HE WAS AGAINST NIGERIA, NOW UR HERE COMPLAINING ABOUT A PROBLEM HE TRIED TO SOLVE FOR U. 3 Likes 1 Share |
Re: mODIFIED by LouisVanGaal(m): 12:11pm On Nov 11, 2014 |
anonimi:
All this your over-analysis would have been unnecessary if the clueless "opposition" had supported the TOTAL corruption eradication strategy proposed by the president- eradicate subsidy completely. Even the 36 governors who signed on developed cold feet and their ambivalence allowed the subsidy to continue.
Now you know who/where to direct your analysis to. ..that president jonathan proposed a TOTAL corruption eradication strategy via eradicating subsidy??. You and I know that this mans body language and speeches are always in support for corruption! You think you can hide your stupidity under 'annonimous' Now I've seen persons that surpass GEJ in being clueless...IN YOU |
Re: mODIFIED by Nobody: 12:11pm On Nov 11, 2014 |
mekaboy:
ALL OTHER PRESIDENTS PAID IT, WHEN JONATHAN REMOVED IT, YOU WERE THE ONES THAT CURSED JONATHAN AND SAID HE WAS AGAINST NIGERIA, NOW UR HERE COMPLAINING ABOUT A PROBLEM HE TRIED TO SOLVE FOR U. Bros all other Presidents paid a "reasonable" amount. Why is Jonathan's case always different? Why wasn't it so under Yar Adua and Obasanjo? Why Jonathan? don't you think the fraud is alarming? even at partial removal the Subsidy bill is almost N1 trillion. WHat does that tell you? |
Re: mODIFIED by Nobody: 12:12pm On Nov 11, 2014 |
LouisVanGaal: ..that president jonathan proposed a TOTAL corruption eradication strategy via eradicating subsidy??. You and I know that this mans body language and speeches are always in support for corruption! You think you can hide your stupidity under 'annonimous' Now I've seen persons that surpass GEJ in being clueless...IN YOU Forget that guy, he is always off-point. Later he will tell you to ask your Local Government Chairman, like they are incharge of Anti-Corruption and Transparency Fight |
Re: mODIFIED by warrior01: 12:14pm On Nov 11, 2014 |
Op, first of all, let me say thank you for bringing up this topic. But before I go on, I would like to know your stand on subsidy removal. Secondly, how was the availability of petroleum products during Obasanjo's era? Apart from lagos and a few states how much was the real price out there? Thirdly, even if the official price was #65, was it readily available? Did the unavailability of petroleum products affected our economy and general output during the said era. Lastly, did the trend continue under Yaradua's government? Please, let us be civil in this discourse so that we will all know where our problems started from and how we can all solve it. 3 Likes |
Re: mODIFIED by Nobody: 12:17pm On Nov 11, 2014 |
warrior01: Op, first of all, let me say thank you for bringing up this topic. But before I go on, I would like to know your stand on subsidy removal. Secondly, how was the availability of petroleum products during Obasanjo's era? Apart from lagos and a few states how much was the real price out there? Thirdly, even if the official price was #65, was it readily available? Did the unavailability of petroleum products affected our economy and general output during the said era. Lastly, did the trend continue under Yaradua's government? Please, let us be civil in this discourse so that we will all know where our problems started from and how we can all solve it. Go straight to your point and stop beating about the bush |
Re: mODIFIED by anonimi: 12:19pm On Nov 11, 2014 |
warrior01: Op, first of all, let me say thank you for bringing up this topic. But before I go on, I would like to know your stand on subsidy removal. Secondly, how was the availability of petroleum products during Obasanjo's era and apart from from lagos and a few states how much was the real price out there. Thirdly, even if the official price was #65, was it readily available? Did the unavailability of petroleum products affect our economy and general output. Lastly, did the trend continue under Yaradua's government? Please, let us be civil in this discourse so that we will all know where our problems started from and how we can all solve it. They are not bothered about availability and the implicit volume increase for the greater comfort of discontinued fuel scarcity.No, they are not. These ENEMIES of progress. Na dem belle dem face for deserve the peanuts from those who employed them to "confuse the minds" of their fellow citizens So sad!!! |
Re: mODIFIED by omenka(m): 12:22pm On Nov 11, 2014 |
Obj started off at 151.69B and ended up at 188B Increase in subsidy expenditure = 188 - 151.9 = 36.1B Percentage increase = (36.1 * 100)/151.9 = 23% (approx) Period under review : 1year.
Taking Obj's last to be Yar'adua's beginning, we have: Increase in subsidy expenditure = 421 - 188 = 233B Percentage increase = (233 * 100)/188 = 123% (approx) Period under review: 2years.
Taking Yar'adua's last to be Jonathan's beginning, we have: Increase in subsidy expenditure = 2190 - 421 = 1,769B Percentage increase = (1,769 * 100)/421 = 420% (approx) Period under review: 2years.
Now, let's take this from another perspective shall we: Under Obj (as per period under review) there was an increase in price of petrol by 7.8% (N65 to N70) and the subsidy payments leaped by 23% (which is strange). Under Yar'adua, pump price droped by 7.8% (N70 to N65), which gives a valid explanation for increase in subsidy payments. Regardless, subsidy increased by 123% only. Under Jonathan, the pump price increase by a whooping 49.23% (N65 to N97), yet subsidy payments increased by a gargantuan 420%!!! How on earth can one explain such economics 1 Like |
Re: mODIFIED by Nobody: 12:25pm On Nov 11, 2014 |
omenka:
Now, let's take this from another perspective shall we:
Under Obj (as per period under review) there was an increase in price of petrol by 7.8% (N65 to N70) and the subsidy payments leaped by 23% (which is strange).
Under Yar'adua, pump price droped by 7.8% (N70 to N65), which gives a valid explanation for increase in subsidy payments. Regardless, subsidy increased by 123% only.
Under Jonathan, the pump price increase by a whooping 49.23% (N65 to N97), yet subsidy payments increased by a gargantuan 420%!!!
How on earth can one explain such economics I have been asking myself the same question. What kind of a Jonathanian economics is this? PS: I can see Sir Ngwakwe viewing 1 Like |