Jakumo: All that stolen money is being frittered away on FAILED efforts by Ayatollah Buhari Bin Laden to force himself on the Nigerian electorate, as their Grand Seriki.

Jakumo: All that stolen money is being frittered away on FAILED efforts by Ayatollah Buhari Bin Laden to force himself on the Nigerian electorate, as their Grand Seriki.

jmaine:

. . .Bros . .You don installed Buhari name - detection bot for nairaland . . .Your response speed na die . . .

@ Thread . . .Interesting expose . . . .

Jakumo:

I hade some upgrades done to the Buhari Detector Module. It is now fully automated, such that my responses can be posted even while I am fast asleep.

payless:
I can see HBP in your system.

Sincere 9gerian: The actions and inactions of General Muhammadu Buhari as the head of The Petroleum Trust Fund (PTF), inaugurated by the Abacha govt, exposed the cluelessness and fraudulent nature of the retired general.

Details of the colossal waste, ineptitude, FRAUD and cluelessness associated with PTF were exposed in an exclusive report by Pointblank news recently.

The OBJ govt did set up an Interim Management Committee (IMC) in 2000 to look into the affairs of PTF. Below are HIGHLIGHTS of the atrocities perpetrated under the watchful eyes of Buhari (According to Pointblank news exclusive report):

1 The total public funds to be recovered from various contractors, banks and consultants amounted to about Twenty five billion, seven hundred and fifty eight million five hundred and thirty two thousand four hundred and forty eight Naira.

In other words, about N25billion was STOLEN

2 PTF Assisted HIV/ AIDS Programmes : The intervention of PTF in the HIV/AIDS was flawed due to professional negligence by the management consultants. There was an EXCESSIVE order of HIV/AIDS kits which resulted in most of the kits expiring before use. Also there was GROSS INFLATION of the purchase price. The two factors combined resulted in a loss of N 579,000,000 (Five hundred and seventy nine million Naira only).

3 PTF Intervention Programmes : PTF intervention in the health sector input programmes totalled to about N 9 billion Naira. The projects were executed by the management consultantsand PTF in-house staff. In this sector there are three glaring areas of loss: (a) Purchase of specific frames which was done at N 1,900 each while they can be purchased locally at a price between N 80 and N 880. This resulted in total loss of N 45, 270,000 (b) Purchase of ambulances which was done at N 13,000,000 each instead of the price of N 3,000,000 each. This resulted in total loss of N 900,000,000 (Nine hundred million Naira only). (c) Purchase of drugs was done to the tune of N 3.08 billion. Price inflation and expiring of drugs resulted in a loss to PTF of about N 1, 500, 000,000 ( one billion, fivehundred million Naira)

4 PTF Prevalence Expiring Drugs All Over The Country: A team of Pharmacists were commissioned to verify the Drugs Revolving Fund Programmes. Their findings were very depressing. A huge loss has been incurred by PTF as enumerated below:- (a) Drugs and consumables worth N 817, 831,723 (Eight hundred and seventeen million, eight and thirty one thousand seven hundred and twenty three Naira only) were found to have expired by October, 1999 (b) another quantity of drugs worth N 94, 741, 517 expired in December, 1999 (c) drugs worth N 233, 416, 829 will expire by March 2000 (d) Drugs worth N 461, 255,073 will expire by June 2000 (e) Drugs worth N 429, 117, 861 will expire by September, 2000 (f) Drugs worth N 1, 196, 276, 052 will expire by October- December, 2000.

There were many cases of deterioration of drugs as a result of faulty manufacturing, inappropriate packaging,improper storage and excess stock.

5 PTF Residential Estate: The involvement of PTF in Residential Estate Development was out of its intervention sphere. As at now, the estate has been confiscated by government. The contract sum is N 703, 815, 416 (Seven hundredand three million, eight hundred and fifteen thousand four hundred and sixteen Naira only) while after verification, the whole project was valued at N 328, 901, 521(Three hundred and Twenty Eight Million nine hundred and one thousand, five hundred and twenty one Naira only). There was an inflation of the contract to the tune of N 374, 913, 895 (Three hundredand seventy four million, nine hundred and thirteen thousand eight hundred and ninety five Naira only).

6 PTF Headquarters Extension: The IMC Commissioned Consultants to determine the current construction cost of the on-going extension at the headquarters office. The current construction cost determined by the Consultant came to N 326, 207, 861 (Three hundred and twenty six million, two hundred and seven thousand, eight hundred and sixty one Naira only) as against a contract sum of N 461, 216, 759 (Four hundred and sixty one million, two hundred and sixteen thousand, seven hundred and fifty nine Naira only) this resulted in contract sum inflation of N 135, 008, 879 (One hundred and thirty five million, eight thousand eight hundred and seventy nine Naira only).

7 Rural Water Supply Programme The area of potential fund recoveries under this programme are basically two :- (i) Mobilisation paid to contractors who by now have not even commenced work (ii) OVER PRICING of contracts. The amount to be recovered from this project sector can be conservatively estimated at N 1,000,000,000 (One billion Naira).

owobokiri: Buhari should be busy making peace with his God because death by heart attack after another election failure is imminent. He has nothing whatsoever to offer to Nigerians. This country is full of young men and here we have a Political dinosaur angling for power perennially. How do we tell these troublesome fulanis that this country belongs to all opf us? A bigot to the bone. The idea that he is somehow a worthy alternative to Jonathan should make all good thinking Nigerians shudder with fear. ACN thugs should give it a rest. Buhari will NEVER rule this country again! A dead Jonathan is better.

owobokiri: Buhari should be busy making peace with his God because death by heart attack after another election failure is imminent. He has nothing whatsoever to offer to Nigerians. This country is full of young men and here we have a Political dinosaur angling for power perennially. How do we tell these troublesome fulanis that this country belongs to all opf us? A bigot to the bone. The idea that he is somehow a worthy alternative to Jonathan should make all good thinking Nigerians shudder with fear. ACN thugs should give it a rest. Buhari will NEVER rule this country again! A dead Jonathan is better.

I want this G8 to lead a big push for transparency across the developing world. To illustrate why, let me give you one example. A few years back a transparency initiative exposed a huge black hole in Nigeria’s finances – an $800 million discrepancy between companies’ payments and government’s receipts for oil.

This is leading to new regulation of Nigeria’s oil sector – so the richness of the earth can actually enrich the people of that country. And the potential is staggering.

Last year Nigerian oil exports were worth almost $100 billion, more than total net aid to the whole of sub-Saharan Africa . Put simply, unleashing the natural resources in these countries dwarfs anything aid can achieve – and transparency is critical to that.

So we’re going to push for more transparency on who owns companies, on who’s buying up land and for what purpose, on how governments spend their money, on how gas, oil and mining companies operate, on who is hiding stolen assets and how we recover and return them.

Like everything else in this G8, the ambitions are big – and I make no apology for that.

Mazi_Omenuko: As usual, nonsense and lies from the pit of hell! Your diversion tactics will not work. You are trying so hard to divert our attention from the witch-hunting your oga Gej is doing to Gov Amaechi.

Nanscenze!!!!

payless:



Keep chasing shadow while technocrats put finishing touches to how we finally kick PDP to the curb. APC is not nominating Buhari in 2015.

Sincere 9gerian:
Who is governor Amaechi? I dont give a damn about any gov Amaechi or the baseless NGF. I was unjustly banned for 3days. But now, I'm back, bigger and better.

owobokiri:

Your APC is nothing but a colony of political turncoats, ethinc jingoist, celebrated froudsters and professional backstabbers. All you need to destroy that party (is it a party sef?) is to deploy ruthless politicians who will dangle couple of carrots and APCs house of commotion will implode as greed takes over. Don't get carried away. APC will be decimated when the chips are down. Shady characters cant lead a political revolution that will demand a lot of moral backbone,.

Obiagelli: @ sincere apology Oga you have finally called off your strike but I
will wait for confirmation from okukpe(both of
you disappeared about the same time) , how
much did they increase it to and those other
benefits. Bros help your sister nah, I just pm
my cv to you

Sincere 9gerian:
If you can work in my hospital and if Buhari would allow you, no wahala