WhoBeThisMan:
So the government didn't withdraw the money, they only borrowed it to the federal governt by buying t-bills and bonds. All the same the government collected it and used it for recurrent expenditure. is it not thesame thing

The only sensible and enlightened post so far. Pension funds have been invested in Tbills and FGN bonds issued by an administration that have spent over 80% of funds generated and borrowed on recurrent expenditure and yet the so called youths are blabbing about oshiomole's wife and personality

This rebuttal doesn't deny anything, rather it even confirms the FG drew that amount in form of bonds. Crude was sold for around $104 - $140 bbl then, why draw the pension funds by up to N3.5trn again?? What was that humongous amount generated used for?

A lot of silly doofus on nairaland these days.

what do you expect when IARA has his manhood in her mouth

WhoBeThisMan:
So the government didn't withdraw the money, they only borrowed it to the federal governt by buying t-bills and bonds. All the same the government collected it and used it for recurrent expenditure. is it not thesame thing

you need to go back to school, you don't understand buying of bond? it is simply investing for people to borrow and make interest so that the liquid is not stagnant, the money is invested, that is how world trade center,Texas and many big investment are funded all offer the world, pension money is a long time investment and with low interest rate.

JingoOAU:
I believe Oshiomole than the rebuttal....just a matter of time, he would be vindicated again

The only way oshiomole can be vindicated is if he presents such statements with FACTS ...and i seriously doubt he is able to provide such since most of his previous and current allegations against the previous govt have been riddled with propaganda....

josephola2:

you need to go back to school, you don't understand buying of bond? it is simply investing for people to borrow and make interest so that the liquid is not stagnant, the money is invested, that is how world trade center,Texas and many big investment are funded all offer the world, pension money is a long time investment and with low interest rate.

My dear it is you who needs the education the most

naija we hail thee

( for funny naija pics, check out www.memenaija.com)

WhoBeThisMan:
So the government didn't withdraw the money, they only borrowed it to the federal governt by buying t-bills and bonds. All the same the government collected it and used it for recurrent expenditure. is it not thesame thing

EXACTLY!!!!

Are these Igbo people acting stupid!!!!

13 Oshi the son of Omole, lover of exotic maidens also bear their standard and sometime speaks for house of Alliance of Protected Crooks. Yet he knoweth not whence to speak and whence to hold his peace.

14 Oshi the son of Omole it was who spoke to people saying, “O good people, the household of Emperor Omanman of United World, had told me the names of those who looted our treasury and carted away at least six hundred oxen full of gold coins and precious gems." Whereupon the household of Emperor Omanman rebuked him vigorously saying, “Begone! We knoweth not what that sayeth for thou speaketh untrue words. We gave you neither name of who nor the number of oxen of gold coins carted from thy shores. Pray, tell where did thou hear this great tales, that we may inquire and enrich our knowledge.”


From the Acts of King Bubu son of Hari
https://www.nairaland.com/2647257/acts-king-bubu-son-hari

When you talk too much you talk out of point. Oshiomole is a disgrace in this regard. Let him resign and join the Sagay committee if he's so keen on the anti corruption crusade. Must he speak to the press on these issues be they true or not?

Ngozie is actually right. Dis man is truly suffering frm numerical diarrhea

Freegift75:
A black man with black mind born in black land with black stature is bound to always have his brain malfunctioning

... will always have his brain functioning black

theV0ice:
Oshiomhole has become too talkative for comfort. There are times when silence is truly golden.

He should chill it pls...abi this is to show lara he gat swag?

No mind am. He's being too talkative to impress Lara.

The more he continuous to talk, the more he exposes his empty head.

Edo state is in bad shape, no good road network and drainage system.

Kasiem2:
The problem of oshiomole is that he needed international attention desperately prompting to marry an international ashewo who he mistook for the kardashians, that one didn't work.

Again, he thought it right the another way to achieve his desire is to look for a known international figure and pick up a fight with the person, in that regard so many people will notice him. This made him to start to misguided attacks on okonjo iweala but it seemed it's not gonna work again.

Same he did when world attention was placed on jonathan, he tried sneak into the focus with his unprofessional remarks on the person of gej, but immediately the attention was removed from gej oshiomole stopped attacking gej.

Just like the international celebrities draw attention with some sex related news, oshiomole came out to draw our attention with the news that his new ashewo was a virgin.

You guys should just giving the man attention already cos that's what he's aiming for

what is dis one saying

Oshiomhole yeye man kid his olosho Lara

Oshiomhole yeye man kissing his olosho Lara

josephola2:

you need to go back to school, you don't understand buying of bond? it is simply investing for people to borrow and make interest so that the liquid is not stagnant, the money is invested, that is how world trade center,Texas and many big investment are funded all offer the world, pension money is a long time investment and with low interest rate.

You are a BIG fool. You cannot differentiate between that which is theoretical and that which is real practical. When you buy bonds you lend the issuer of the bond money. The issuer can then do what he likes (unless it a conditional bond) what he likes with the money but in the meantime pays the buyer interest. In this case the GEJ government has spent the money of the pension funds on recurrent expenditure instead of investment in infrastructure. Which of this is so complex for your brain to absorb?

The statement by the Pension managers is false and deceitful.

WhoBeThisMan:
So the government didn't withdraw the money, they only borrowed it to the federal governt by buying t-bills and bonds. All the same the government collected it and used it for recurrent expenditure. is it not thesame thing

Enice:
most nigerians lack analytical reasoning. bonds and treasury bills are a means of borrowing by the FG. Now, what was the borrowed funds used for? To pay salaries and not develop infrastructures. Oshiomole is right.

eakenbor:
You losers criticizing Oshiobaba don't get it. 3.5trn of pension funds was invested by buying treasuring bills and Jonathan diverted the money for recurrent expenditure. What that means is that the FG, as at today, owns the pension scheme 3.5trn. What if the government is unable to pay back in the future, won't that lead to insolvency of the scheme? Please you guys should think with your head.

Meanwhile, I found out that ever since Oshiobaba got married to Iara, all the enemies of progress nor let am rest. Them say he marry the woman of their dreams. It's a free world. Make your money and snatch her from him instead of jumping at him at every opportunity on Nairaland.

retsonbiz:
NIGERIANS ARE DUMB.....The Treasury Bills and Government Bonds that Government Sold to the Pension Funds Managers....What did the Government do with the Money?

Oshiomhole is Right.....Most of the People on this Trends are Dumb.

@retsonbiz, @eakenbor, @Enice @WhoBeThisMan Thank you for saving me from the irrational and irate nairalanders on this thread. its a big disgrace, how low nigerians are, on serious national issues. what is wrong that Nigerians are so low and careless in thought and speech.

No wonder we are taking for a ride by just any bunch of opportunists in power. Once again the Bible asserts its authority "MY PEOPLE ARE DESTROYED FOR LACK OF KNOWLEDGE" - Hosea 4:6

If Nigeria must survive, then we have to change our attitude, seek knowledge, and be objective in our dealings with each other.

olukenzo:
This rebuttal doesn't deny anything, rather it even confirms the FG drew that amount in form of bonds. Crude was sold for around $104 - $140 bbl then, why draw the pension funds by up to N3.5trn again?? What was that humongous amount generated used for?

A lot of silly doofus on nairaland these days.

those posters in first page has not finish secondary school, even d pencom are more silly

Make una pay my papa e pension and gratuity.

NIGERIANS!!!?!! Please use your Bleep-ing brain?? OSHIoMOLE is correct. The pension funds have been spent on worthless items.

Oshiomele should know that "he who prays for rain most be ready to deal with the mud also". It is indeed common sense that what goes around comes around. He should pray he remained as governor forever or else ..."wise man go die for foolish man back yard again ooo. What is he even feeling like, Nonsense!

DrHighchief:
Make una pay my papa e pension and gratuity.

GEJ and that ugly fat witch from the world bank have spent your papa's pension on pepper soup.

The Igbos got their revenge by taking Nigeria to the cleaners.

Comrade Gov should be more constructive and factual now!

Freegift75:
A black man with black mind born in black land with black stature is bound to always have his brain malfunctioning

maybe its a genetic disease ...and that's why we don't have a civil black nation

cymidas:
Oshiomhole yeye man kissing his olosho Lara

e dey pain u ooo gaga

Are the Pencom managers Igbos?

Why did they put out this false and cynical statement?

Buhari needs to call Oshiomole to order.
The man needs to be a bit more circumspect and talk less.
As i see it, Edo state is still undeveloped and he has a few months to end his tenure.

PMB pls appoint Osho as Ur in4mation minister, He wud gladly resign his position as a governor.

Anytime oshomole don fvck lara he go begin misyarn.No let to.to turn you to craze man o.

This is good, please PMB send someone to check it and verify that this is true, pls ensure that the cash is available not worthless "I own you" govt bonds, nobody should try and pull the wool over our eyes by pulling a fast one

Osho is a disgrace to the black race.

He deserve's some serious bruising to reset his brain.