Jiang:


Shut up empty head, can't you brain comprehend even such simple statements, I was being sarcastic & trying to say we should look inward & not always depend on imports, Buy our own stuff with naira, Nigerians keep worrying about dollar because they import even ordinary toilet paper.

SonOfEl:


If you don't know the real story behind dasukis arrest just ask and stop embarrassing yourself. Why has buhari not arrested babachir his SGF?

Pricewater coopers, a foreign auditing firm has since debunked that 20b dollars accusation, and Jonathan did not mastermind any theft whatever. Sorry to burst your bubble.

Oil prices fell, so they govt had to use some (NOT ALL) monies in the reserve. So what's your freaking point?

Zombie

deomelo:



Of what relevance is your pointless question?

I showed you a video with okonjo and jona explaining to us that they failed to prevent what we are going through today when Nigeria was making a lot of money and you are asking me silly questions

donJ2:


Facts huh?...


And endeavour to answer the question now

fiizznation:
You guys should be very grateful to president buhari for rescuing Nigeria from the tight grip of corruption.


Nuff said

TonyeBarcanista:

I don't like holding brief for any administration but aren't we borrowing under the present government? Is the country getting better or worse it? How many companies left Nigeria since May29, 2015? How many retrenched staffs? Which government in our history has the kind of Budget that this government operated on in 2016 and the proposed 2017 bill?

fiizznation:
You guys should be very grateful to president buhari for rescuing Nigeria from the tight grip of corruption.


Nuff said

donJ2:


Sarcastic my ass dafty, looking inward my foot, your sarcastic question is fo.olish and to crown it all, u r using a lame example 'we import toilet paper'

So Nigerians dnt make tissue paper at all.

Hv u asked urself y is it that imported chicken is cheaper than locally grown chicken

Whatever u produce in Nigeria locally, u would always depend directly or indirectly on imported stuff, such as raw materials or machines.

So yes u will complain of dollar

....and then who told u that u can do anything in Nigeria without Foreign currency.

Which monies do they use to pay salaries: dollars gotten frm selling crude oil. That is the basis of the Nigerian budget.

No matter what u do locally as a 3rd world country, if it is not attracting you Forex then u r gone as a country.

So u r clueless on this one.

Sarcastic ko

TheGoodJoe:


PwC's audit report supports many of Sanusi's allegations. The auditors found that the total gross revenues generated from the federal government of Nigeria crude oil liftings was $69.34bn from January 2012 to July 2013.

The total cash remitted into the government's accounts in relation to crude oil lifting was $50.81bn, leaving $18.53bn unaccounted for.

The report raised serious questions about the level of transparency and corporate structure of the national oil company.

http://www.internationalaccountingbulletin.com/news/pwc-forensic-report-on-oil-revenues-unveils-nigerias-demons-4570423

Did I read debunk?

cc: Bolustic

raynold:

the faster we realize this old men do not deserve our votes the better for this country.. we the youths are also to blame for the present condition of this country, all we do is seat back insult one another, while they continue to milk us dry. did you hear of the Romania incident, now that is a country were the youth know their right and also have rights. we are blinded by tribe, religion etc we have a long way to go.. a country were the minister of the countries capital must come from the North, is that one country.

donJ2:


The relevance is that Ur messiah doesn't have What it takes to lead a Nation.

People that failed had admitted their failure but the Change messiah is still blaming them.

Na blame I go chop?

I still repeat Goodluck is better that buhari any day.

@thinksmart has said it all

deomelo:


Facts is not NL topics or bogus newspaper rubbish.

If they really are corrupt, why didn't GEJ prosecute and jail them?

Answer the simple question.

TheGoodJoe:


PwC's audit report supports many of Sanusi's allegations. The auditors found that the total gross revenues generated from the federal government of Nigeria crude oil liftings was $69.34bn from January 2012 to July 2013.

The total cash remitted into the government's accounts in relation to crude oil lifting was $50.81bn, leaving $18.53bn unaccounted for.

The report raised serious questions about the level of transparency and corporate structure of the national oil company.

http://www.internationalaccountingbulletin.com/news/pwc-forensic-report-on-oil-revenues-unveils-nigerias-demons-4570423

Did I read debunk?
By
cc: Bolustic

Bolustic:

Are you minding these people?

They are the real enemies of Nigeria

Always leaving the objective truths for sentiments

I don't know if TonyeBarcanista would look back in the next 10 years and be proud of these visceral assertions of his

donJ2:


Brother, when u vote a tyrant, u hv just submitted by freewill. Sorry to say but th youths can't do much if they tried...

The case of 2face's protest comes to mind.

Nig police on antigovt rally: Nobody should partake, there waz intelligence report that hoodlums want to hijack the rally.

Nig police on probuhari rally: support support support.

Spits*

SonOfEl:

READ READ READ
https://www.google.com/url?sa=t&source=web&rct=j&url=/amp/www.premiumtimesng.com/news/headlines/182172-missing-20billion-oil-money-our-audit-report-not-reliable-pricewaterhousecoopers.html/amp&ved=0ahUKEwjJp4yr1pXSAhXEExoKHe0PCfoQFggcMAE&usg=AFQjCNHZIXONp5vGSzeQtLsII8N0OCa5cg

SonOfEl:


Stop fooling yoursrlf .....stop being sadistic

https://www.google.com/url?sa=t&source=web&rct=j&url=/amp/www.premiumtimesng.com/news/headlines/182172-missing-20billion-oil-money-our-audit-report-not-reliable-pricewaterhousecoopers.html/amp&ved=0ahUKEwjJp4yr1pXSAhXEExoKHe0PCfoQFggcMAE&usg=AFQjCNHZIXONp5vGSzeQtLsII8N0OCa5cg

TheGoodJoe:



The much anticipated report of the forensic audit of the Nigerian National Petroleum Corporation, NNPC, operations on the missing $20 billion oil money may not amount to much after all, with PricewaterhouseCoopers, the audit firm that conducted the probe, saying it cannot vouch for the integrity of its findings.

http://www.premiumtimesng.com/news/headlines/182172-missing-20billion-oil-money-our-audit-report-not-reliable-pricewaterhousecoopers.html

Your the one who needs to read. You claimed that the PWC report debunked the missing money claim. I showed you that what you said is not true and showed you the link. Now you are posting the above link. What does that have to do with the discussion?

You claimed that PWC report debunked the claim. Show me where it debunked it in your link.

If you do not know, the PWC report confirmed Emir Sanusi's claim.

TGM2015:

[s]I know you for who you are and what you are up to, so my reply is not to engage you in much discussion. But just want to allow you and fellow like you to understand the major problems that led to current economic crisis are low crude oil revenues and exchange rate.

Low revenue and crude oil production were as a result of militant activities sponsored by aggrieved politicians who with Jonathan knowledge are trained and armed in build up to 2015 elections, Obasanjo letter comes to mind. Thank God Jonathan repented and discard this group of people but forgot to disarmed them. Their acts of vandalism has also resulted in lower power supply and shortage of gas leading high cost of cooking gas.

Exchange was stable under the corruption friendly government because looted hard currencies are safely kept in banks and traded in parallel market. Also, laundered loots are transfered back into Nigeria as direct foreign investments making capital and stock market attractive and also cushion the supply of hard currencies into the system. Please, tell me what will happens if these looted money can not safely pass through financial system and people like Yakubu and our judges are keeping them in their houses, farm, soak away, etc. I am very sure that the foreign exchange market will be more liquid and its supply will be surplus even in the face of low revenue from crude oil sales due to crash price and low production.

When looted fund are taken away from financial systems and parallel market, definitely there will be scarcity or supply shortage in both financial institutions and parallel markets leading to increase in exchange rate (simple law of demand and supply), as PDP has made Nigeria an import dependent country, any changes in exchange rate will affect the general prices of goods and services. People purchasing power and demand will fall translating to low profit for industries and firms. This will lead to retrenchment, inflation and recession. Even the PMS price is as a result of the exchange rate component in the costing templates.

Now to you post, can you be sincere to this question, were companies not winding up and workers retrenched during Jonathan era? The only difference is that there are more during Buhari administration while new ones are being supported and established. Though this government has been noticed for her policy somersault but they are really in the right path of developing critical infrastructures to stimulate internal growth for SMEs and agriculture, only if power is more stable, we will have feel a little impacts of this. They working hard to drive our economy from a state where dollar will be determinant to where Naira will be the valid measurements of our goods and services. Have you ever imagined if the American wake in a day and restrict their dollar to Nigeria including trading, what will Nigeria fate? Should our country be controlled by dollar or by naira?

What we need across all religion, ethics and party affiliations now is to unite and support this government to make Nigeria a naira controlled economy and not dollar control by criticizing developmentally any wrong strategies they are taking or about to take[/s].

SonOfEl:


If they say their findings may NOT BE RELIABLE, what does it mean?
.DUDE GO AND SLEEP.

auggie340:


my dear, it's really pathetic I must say...wah irks me most is when pple get so defensive(and abusive) about a politician they barely even know but think they know....we really have a long way to go mehn...we just going round in circles until we approach issues relating to governance with open minds

TheGoodJoe:


So you claimed that the unreliable report debunked the missing money claim. Are you reading what you are writing? You. Not me, claimed the PWC report debunked the missing money claim.

$13.673b being revenue from sale of domestic crude oil not remitted by the NNPC to federation accounts-page 57

https://www.nairaland.com/2291990/summary-pwc-audit-report-nnpc

fabre4:





Were u in owerri this week I saw someone who looks like u

vislabraye:


So what should Nigerians do ? We voted for change but we are getting excuses . Obj didn't blame Abacha like this. Abacha left $3bn for Obj.
Tjus administration should learn to take responsibility.

WithX:


Sir TonyeBarcanista, you are the OP sir and i never expected this from you. you could have been civil in your reply. the bolded takes away the glamour in your reply.
#pleasebecivil

are the bolded really necessary sir?


Replying a post with insult is now customary on among nigerian youths. It baffles me that we no longer know how to be civil in replying a post. Must we resort to insult?
No mater how obvious, fact finding, glaring or beautiful your comment is, the moment you add insultive word(s), it loses substance.
Lets learn to respect others opinion and be civil in our comment. We are all here debating on how our leaders are not getting it right, insulting each other will never get us out of the mess we are. lets stop the blame game, lets put out religious, ethnic and political sentiments apart, let us as youth

SonOfEl:


Oga the 20billon story is controversial and may not be reliable

Jiang:


OMG, look at this brain washed grown as* man, I taya for unpatriotic citizens like you, so you can't survive without America & them dollars Abi?, well then, keep being slave to the dollar & Americans.

people like you

Oh, I can't buy Nigerian grown chicken, I want imported frozen wan cause it's cheaper( doped with formalin).

Aw we can't THINK & IMPROVISED large machinery parts, let's get dollar and buy from abroad, it's easier than making ours. it's that what you want.

Don't ever quote me again Mr western puppet

raynold:

Nigerian youths have so much to do.. the problem now is that most of us(the youth) instead of airing our personal views we air the views of this criminals. Imagine when the youths of a country are more interested in calling each other names, than to actually hold this greedy criminals accountable for what they have done and what they are still doing to this country. Its really just so sad, i know people(my former economic geology lecturer etc) that will do a whole lot of good for this country but instead we have thieves ruling us..

Each day i read comments of people calling each other zombie, wailers, flat heads, afonja etc now how will a country filled with so much hate for one another grow..

donJ2:


Funny how a newspaper publication is now rubbish. I wonder what u consider factual

My verdict:

Amechi is very corrupt, Goodluck didn't jail him cuz he is also corrupt, he wasn't fighting corruption.

Buhari accepted the looted funds and made him a minister cuz Buhari is The Master of corruption, just like 250milion was used to cut grass in our anti corruption regime.

90% of Nigerian politicians are corrupt.