barcanista:
Corruption have been institutionalised in Nigeria

barcanista:
Seun and Obinoscopy Please do something about this.

Thank You

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.

CyberWolf:
Are you guys jobless to this extent

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/

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.

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

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/

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/

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

barcanista:
Attention Mr. Seun and Obinoscopy please we are appealing to your good offices

HNosegbe:
OP's analysis supports subsidy removal.

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

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!!!

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.

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

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

arsetalks:
This thread should make the front page but it won't because Barcanista started it and because GEJ must be protected.

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

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

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??

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

barcanista:
What do you mean jobless? Guy you better run away from thread if you feel embarrased

omenka:
Hopefully, someone with a kind heart will come explain things to us.

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??

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.

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.

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

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.

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.

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.

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