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How $1 Million From Bayelsa’s Poverty fund from Bayelsa was diverted to Beyonce - Politics - Nairaland

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How $1 Million From Bayelsa’s Poverty fund from Bayelsa was diverted to Beyonce by sparko1(m): 6:35pm On Feb 23, 2013
SaharaReporters has uncovered a document indicating that a million dollars of Bayelsa State’s poverty alleviation fund was spent by then Governor Goodluck Jonathan on bringing American entertainers Beyonce and Jay Z toNigeria in 2006.
In a letter stamped and signed by Bayelsa officials, N150 million (approximately a million dollars in 2006) was released from the state’s poverty alleviation fund for the first ThisDay Music Festival in Lagos.
The document came to light after a controversy was ignited over how much money American “reality TV” star Kim Kardashian was paid for a brief visit to Nigeria.
Ms. Kardashian, star of a US TV show about her idle rich family and who shot to international fame after a sex tape featuring her and her rapper boyfriend went viral, was reportedly paid half a million dollars for the 24-hour-visit last week.
The sources who provided the 2006 document for Beyonce and Jay Z’s visit told Saharareporters that there was a shady financial link between the producers of some high profile entertainment events and the governors and other officials who control budgets at the state and federal levels. Mr. Obaigbena’s newspaper, ThisDay, is a major sponsor of entertainment events that brings US music stars as well as top public figures for flying visits to Nigeria in exchange for gargantuan paychecks.
“Mr. Obaigbena often lines up financial bonanzas from numerous governors, ministers and other top government officials to finance his jamborees,” said one of the sources who is based in the UK and is knowledgeable about such deals.
SaharaReporters obtained a letterfrom Mr. Obaigbena to the Bayelsa State government soliciting funds from the oil-producing state ahead of Nigeria’s 46th independence celebrations in 2006. The publisher wrote, “We invite you topartner with us as co-hosts of the festival.” The letter added: “With a total budget of $10 million, the co-host is expected to contribute a minimum of $2.5 million (two million five hundred thousand USD).”
At the bottom of the letter, minuted by hand and signed by then Governor Jonathan’s aides aswell as the Bayelsa State accountant general are the words,“Release N150,000,000.00 (One hundred and fifty million naira) only to be drawn from the povertyalleviation subhead.”
One source told SaharaReporters that Mr. Obaigbena sent similar letters to other south-south states.
SaharaReporters could not ascertain how much of the released funds was paid directly to performers at the festival. There is no indication that Beyonce, one of the few entertainment stars internationally famous enough to only need one name, was aware that her performance was being subsidized by the poor people of Bayelsa. http://saharareporters.com/news-page/revealed-how-then-governor-goodluck-jonathan-gave-obaigbena-1-million-bayelsa%E2%80%99s-poverty-al Read full story here

Re: How $1 Million From Bayelsa’s Poverty fund from Bayelsa was diverted to Beyonce by sparko1(m): 6:49pm On Feb 23, 2013
Re: How $1 Million From Bayelsa’s Poverty fund from Bayelsa was diverted to Beyonce by sparko1(m): 7:02pm On Feb 23, 2013
Right now we get user more with this topic, is there a way i can close this topic. Mod help.
Re: How $1 Million From Bayelsa’s Poverty fund from Bayelsa was diverted to Beyonce by OAM4J: 8:25pm On Feb 23, 2013

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