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Muhammadu Buhari, By Femi Aribisala by iriferi(m): 9:09am On Oct 22, 2014 |
I pray all of Buhari supporters find a place in their heart to accept the fact that it takes only but a while before a man's deceptive nature comes to light. Muhammadu Buhari: Running for president with an anti-corruption bank loan, By Femi Aribisala One thing is for sure: Muhammadu Buhari would like to be the next president of the Federal Republic of Nigeria. He has tried three times and has failed every time. Finally realizing it is a lost cause, he said he would not try again. But now he is persuaded to try again. His supporters are impressed that he won 12 million votes against Goodluck Jonathan in 2011. However, they need to be reminded that he lost to Jonathan by over 10 million votes. Since the third time did not turn out to be a charm for Buhari, what are we to call his fourth attempt? Listening to the declaration of his new-fangled presidential bid in Eagles’ Square, Abuja a few days ago, it is seems this fourth time is going to be one big charade. The sign was provided by none other than Buhari himself. Since his one credential is that he is a man of integrity who, as president, is expected to wrestle corruption down to the ground, Buhari decided to burnish his anti-corruption image by revealing that he obtained his 27.5 million naira APC nomination form with a bank loan. However, what this declaration did was to tell Nigerians that Buhari is a pretentious anti-corruption crusader. His Mr. Clean posture is nothing but a public relations gimmick. Question marks In fairness, some of us have known this all along. Under Buhari’s watch as Petroleum Minister in the late 1970s, $2.8 billion (worth billions of naira today) was missing from the NNPC account. The matter was subject to Senate investigation under the chairmanship of Olusola Saraki in 1983. But before the report could be dealt with, Buhari conveniently overthrew the Shagari government in a military coup d’état. Vera Ifudu, an NTA newscaster, revealed that Saraki told her in an interview that the missing money was traced to Buhari’s account at Midland Bank in London. For this disclosure, Vera was summarily sacked by the NTA. However, she appealed against her dismissal in court and won. She even received a handsome financial compensation for wrongful dismissal from the NTA. Instead of clearing his name as a man of integrity, Buhari refused to appear before the Oputa Panel set up to look into the matter (among under things) by the Obasanjo administration. Buhari claims to be an anti-corruption crusader, nevertheless, he agreed to serve under Sani Abacha, one of the most corrupt Heads- of-State ever in the history of Nigeria. While there has been no proven allegation that Buhari corruptly enriched himself as Chairman of the Petroleum Trust Fund under Abacha, it is abundantly clear that this fabled anti-corruption crusader failed to curb the rampant corruption that prevailed in the organization. Group Captain Usman Jibrin, a board member of PTF, resigned from the organization in protest over Buhari’s irregular appointments of consultants. In 2000, the Obasanjo administration set up an Interim Management Committee to look into the affairs of the PTF, under the chairmanship of Haroun Adamu. The Committee discovered that billions of naira was stolen under Buhari’s chairmanship. Political platform Now the same Buhari who would not or could not curb corruption in the PTF wants us to believe he will fight corruption as president of Nigeria. However, he has chosen the APC as the political platform on which to undertake this. But the APC is an unscrupulous political party that is choc-full of corrupt politicians. It is the party of Murtala Nyako who was impeached as governor of Adamawa State for converting state money to personal use. It is the party where Buhari himself and others went cap-in-hand to Otta to beg Obasanjo to be their “navigator.” Surely Buhari knows that he cannot fight corruption by being the presidential candidate of the APC. Whatever anti-corruption crusading Buhari had in him in the past must have ended when he decided to join the APC. Should he become president, does he intend to probe his corrupt party-members? Has he made them understand he would be coming after them once elected? If he has, does he really expect them to help him get elected so he can retrieve their stolen loot and send them off to jail? A 72 year-old man with Buhari’s experience, who was overthrown in a preemptive coup by members of his own government, knows that in Nigeria, nobody gets elected as president on the platform that he is going to be an anti-corruption crusader when he gets into office. That is a sure signal for all the politicians in all the parties to gang up against him and make sure he never makes it. If you really want to be anti-corruption, you have to keep your mouth shut about your plans until you get elected and then catch your corrupt colleagues by surprise. You must also have resolved not to seek re-election for a second-term. It is not only the populace, but the politicians in particular, who insist on “stomach infrastructure.” But if you are talking anti-corruption while still seeking the nomination of your party, it must be because it is well known to your corrupt colleagues that your anti-corruption stance is merely for public consumption. Cleaning up APC It is not surprising, therefore, that despite all the noise about anti- corruption coming from Buhari and his cohorts; he has failed to fight against corruption in the APC. We did not hear him raise a voice against the incongruity of a so-called progressive party demanding a cynical nomination fee of 27.5 million naira for its presidential primaries. One would have expected a truly anti-corruption crusader to make the point that the nomination fee is unacceptable. Instead, Buhari readily acquiesced to the requirement in order to safeguard his all-important presidential ambitions. Since Buhari cannot, or does not, fight against this corrupting nomination fee in the APC, and insist on its reduction to something far more reasonable, how can he expect us to believe that as president in a political system with the separation of powers; against a legislature likely to be controlled by the PDP; he would be able to fight corruption? Somebody is fooling somebody here. Or else, somebody is living in a cloud cuckoo land. Charity, they say, begins at home. If Buhari is truly anti-corruption, he should begin his crusade in the APC. Is it progressive for a political party in Nigeria to ask its candidates to come up with 27.5 million just for the nomination papers for an election where only one person will emerge as the winner? Is it not corrupt politicians that are likely to have this type of easy-come easy-go money? Is this not an open invitation for the winner, if he actually manages to secure election to the presidency, to recoup this extortionate fee from public funds? Anti-corruption bank loan What did anti-corruption Buhari do about this outrageous APC requirement? This is where the whole matter becomes ridiculously implausible. According to Buhari, rather than fight against the measure, he took out a ban loan to pay for it. Buhari told us about his “loan” out of embarrassment; in a pathetic bid to validate his anti-corruption credentials. But this so-called loan indicates that Buhari does not understand what it means to be anti- corruption. For Buhari, anti-corruption is a posture; it is a swagger; it is a badge; but it has no bite and, in the usual Nigerian fashion, it will be prosecuted with hypocrisy. Buhari wants us to believe that he cannot afford 27.5 million naira. Nevertheless, he rides around in a bullet-proof Jeep and maintains a convoy of Land Cruisers. He cannot afford 27.5 million naira. Nevertheless, he declared his candidacy lavishly in Eagle Square, Abuja. Did he also take out a bank loan for that? Four months to a make-or-break election, Buhari would have us believe he has no money. How does he propose to finance his presidential campaign? Is he going to take 1 billion naira loan from the World Bank for this? Dubious loan Why would a bank lend Buhari that amount for a presidential pie-in- the-sky that failed to materialize three times in the past? Is that not likely to be a bad loan? How long did it take for the loan to be processed? What did he put down as anti-corruption collateral? How does he propose to pay the money back? Mr. Integrity needs to spell all this out for the sake of his fast-disintegrating anti-corruption credentials. I did not know loans are so easy to secure in Nigerian banks today. Perhaps Buhari could introduce me to his bank manager. I would also not mind taking this kind of soft loan. I am sure I can always come up with some unproductive excuse or the other for it. Is such a loan even legal today under Nigeria’s stricter banking laws? How many honest Nigerians can afford to give a non-refundable 27.5 million naira to a political party, on the off-chance that they will be able to secure the party’s presidential ticket? If they win the nomination and even get elected president, how would they pay back the money? Not presidential material It is clear that Buhari is not only lacking the money to pay for APC nomination papers, he does not have the funds to pay for advisers, to counsel him about what to tell the public and how to prosecute an effective presidential campaign. His advisers might have educated him that there is something called “fund-raising.” Surely, the most popular politician in the North-West can find some of his ardent supporters to give him 27 million naira. Certainly, a former governor of the Central Bank can easily cough up the money. Buhari wants to fight an election that will take place in four months time. From what he tells us, he does not have 27 million to prosecute that election now. If this is true, he is not the right man to be president of Nigeria. For a man who is running for election for the fourth time, that is the height of cluelessness. It shows Buhari is lousy at marshaling resources. Otherwise, he is fooling nobody but himself. #kufre okon 26 Likes 2 Shares |
Re: Muhammadu Buhari, By Femi Aribisala by ratiken(m): 9:11am On Oct 22, 2014 |
Was expecting Mr Femi's write up on the terrorist. Spot on. 4 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by terrifik19(m): 9:16am On Oct 22, 2014 |
uhmmm, oro loso www..com |
Re: Muhammadu Buhari, By Femi Aribisala by alabiyemmy(m): 9:20am On Oct 22, 2014 |
WOW - true talk. Where does he want to get money to pay back 27.5 m Naira loan for a nomination form? 9 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by NgeneUkwenu(f): 9:23am On Oct 22, 2014 |
alabiyemmy: Mumu, in banking sector, there is what they call personal loan against salary- which are given to those who maintain a steady monthly cash flows on their accounts. The category of people who fall within this group are as follows. Civil servants Pensioners (where Buhari falls) Staff of blue chip companies. The loan repayment are normally spread over 2 to 5 years depending on your loan history with the bank. You and Femi na ode!! 18 Likes 1 Share |
Re: Muhammadu Buhari, By Femi Aribisala by fulfillment2020(m): 9:23am On Oct 22, 2014 |
Ride on femi |
Re: Muhammadu Buhari, By Femi Aribisala by tinkinjow: 9:26am On Oct 22, 2014 |
When the votes come in by February Buhari will have a heart attack. 2 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by 2cato: 9:27am On Oct 22, 2014 |
Very shocking and sad pieace of revelation. And if buhari even win i trust him the first thing will be to gag jounarlist and freedom of speach. APC spokes people should come and tell us something else. 15 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by 2cato: 9:29am On Oct 22, 2014 |
NgeneUkwenu:so you are here after the serious beating by aribisala? Seun front page please for buhari must not rule nigeria 12 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by NgeneUkwenu(f): 9:33am On Oct 22, 2014 |
2cato: Go back and read my reply! 3 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by dridowu: 9:34am On Oct 22, 2014 |
Until Femi Aribisala write an article on seize $9.3 by South Africa before i take him serious. Anyway Uncle Femi Aribisala has always shown that no matter what an APC does he will always find fault in it. He may not be a card carrying member of PDP but he is a lover of PDP government to the core. Anyway i won't be surprise also if GEJ is re-elected and GEJ made him Special Adviser on Media. 16 Likes 1 Share |
Re: Muhammadu Buhari, By Femi Aribisala by olumohkayode(m): 9:36am On Oct 22, 2014 |
Sweet talk, but, u 4gt 2 mention that he was ask 2 call committee of friends 2 raise d money 4 him, bt he decided not 2 do that cos he doesn't want anybody 2 influence him or rather 2 later come n demand things he ll nt b able 2 reject, n also he tried 2 make sure d price of d nomination form 2 b reduced n he was tld dt his d party decision. But ur write up, has meaning but he doesn't change my own feelings 2 d man called Buhari, he his still far better 2 d present govt, if I get any other credible candidate I ll change my mind. Thanks 7 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by Alleybuy(m): 9:36am On Oct 22, 2014 |
God please expose all the troublers of Nigeria and show them up for the pretentious voracious wolves in sheep clothing that they truly are |
Re: Muhammadu Buhari, By Femi Aribisala by 2cato: 9:39am On Oct 22, 2014 |
NgeneUkwenu: |
Re: Muhammadu Buhari, By Femi Aribisala by Alleybuy(m): 9:40am On Oct 22, 2014 |
Does dis mean the bank manager won't later influence him? The old man cuts his nose to spite his face..either way he loses. olumohkayode: 12 Likes 1 Share |
Re: Muhammadu Buhari, By Femi Aribisala by alabiyemmy(m): 9:49am On Oct 22, 2014 |
NgeneUkwenu: You lack home training, i must tell you. Simple question, but you all knowing had to resort to abuse to make a point. Nonsense. 13 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by PAINGAIN: 10:03am On Oct 22, 2014 |
So d 27 million is non refundable? Chai, I still wonder why buhari wants to be president of nigeria for d second time at all cost. He's failed 3 times already and I'm sure he'll fail again for d 4th time. 3 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by maestroferddi: 10:05am On Oct 22, 2014 |
NgeneUkwenu:You obviously don't know much about banking, do you? Before you start shooting off your mouth, you need to state Buhari's gratuity and/or pension. Let also know the corporate governance that would sanction disbursing a loan of N27m to a politician to prosecute a maximum risk venture like vying for a political position. Who did the risk rating? Infact, lending as done in the manner Buhari wants us to believe is not only risky but unethical. I believe Buhari has committed a massive faux pas by making that assertion. His position is patently indefensible. 19 Likes 1 Share |
Re: Muhammadu Buhari, By Femi Aribisala by NgeneUkwenu(f): 10:23am On Oct 22, 2014 |
maestroferddi: In personal loan against salary, no risk officer would ever want to know, what you are doing with the loan hence the name-Personal, in fact most of the transaction I handled when I was there, were basically done at the branch level, with mere authentication from the Risk assessment dept. As a matter of fact, I left a blue chip company few years ago, and while there I did a personal loan against salary of 5M spread over 2 years with my banker then. What the risk people would look at is your monthly fixed salary, the company you work for and the number of years, months you have worked. 4 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by Nobody: 10:29am On Oct 22, 2014 |
NgeneUkwenu: Dude,either you are dumb and lack the ability to understand a simple sentence or you are just plain silly!Didn't you read Femi's report?What happened to the $2.5 billion?Buhari is a thief and a criminal!Which collateral did he use to obtain d loan?To obtain a loan from a bank is a rigorous process,it takes days.So Buhari wants to tell us that he made a call and the money was wired to his account once? God gave you a brain so make use of it effectively! GEJ till 2019 18 Likes 1 Share |
Re: Muhammadu Buhari, By Femi Aribisala by Remarkable: 10:33am On Oct 22, 2014 |
I wonder what Gbawe thinks of the points made on Buharis corruption practices... also why was he scared of attending the Oputa panel if he had nothing to hide. if he had clean hands, he will be the one coming out without being invited to show his hands to the whole Nigeria.... I aint falling for his anti-corruption badge they want to sell to us.... and I am at loss of words how people can fall for it... actually, I don't think they themselves, his followers truly believe in Buhari, they are just supporting him because... well, 7 Likes 1 Share |
Re: Muhammadu Buhari, By Femi Aribisala by LeStylo: 10:43am On Oct 22, 2014 |
Hmmm! A fi ete sile, a n pa lapalapa... Orilede ti o ba ko otito yio parun. Ayafi ki iranlowo Oluwa so'kale! 1 Like |
Re: Muhammadu Buhari, By Femi Aribisala by Nobody: 10:49am On Oct 22, 2014 |
AIRDIG: |
Re: Muhammadu Buhari, By Femi Aribisala by maestroferddi: 10:51am On Oct 22, 2014 |
NgeneUkwenu:To start with, you are not a banker so it will be pointless arguing with you. Let me give a brief idea of how the system runs: First of all, loans are usually categorised by nature (type) and amount. No bank in Nigeria will sanction a loan of N27m at a branch level. Infact, the amount will need an MD's sign-off. Most blue chip companies execute domiciliation agreements with respect to their staff borrowings. So the loan you got, which I believe must have been benchmarked at a cap of say N10m, must have been secured by your terminal benefit and other entitlements were you to exit the company at any point in time. Putting it succinctly, the bank could always have made recourse to your employers for recovery in the incidence of a default. Banking is guided by sound laws, rules and regulations. No bank worth its salt would indulge in throwing away money to assuage whims and caprices of members of the society, no matter how highly place they appear to be. The argument you put forward has evidently collapsed like a pack of cards. 11 Likes 1 Share |
Re: Muhammadu Buhari, By Femi Aribisala by Nobody: 10:52am On Oct 22, 2014 |
k |
Re: Muhammadu Buhari, By Femi Aribisala by ElFenomeno1: 10:52am On Oct 22, 2014 |
alabiyemmy: Dumb fu....ck Flipping oxymoro.....n! |
Re: Muhammadu Buhari, By Femi Aribisala by ElFenomeno1: 10:54am On Oct 22, 2014 |
alabiyemmy: She had to abuse you to make a point because it is becoming embarrassing the sort of questions people ask and the lack of an effort to increase personal knowledge before vomitting crap all over a public forum You should take it as a lesson and make sure next time, you do your research well before launching daft, dumb and dimwitted questions onto a public forum! |
Re: Muhammadu Buhari, By Femi Aribisala by nigerianvenom(m): 10:55am On Oct 22, 2014 |
Yay |
Re: Muhammadu Buhari, By Femi Aribisala by alabiyemmy(m): 10:56am On Oct 22, 2014 |
ElFenomeno1: mR gENIUS. WHO PUT YOUR SMELLY MOUTH? 2 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by alabiyemmy(m): 10:56am On Oct 22, 2014 |
ElFenomeno1: YOUR MOTHER USED TO CALL YOUR FATHER THIS NAME. MUMU. ESPECIALLY WHEN HIS DI CK REFUSES TO RISE TO THE OCCASION. ANUOFIA. thats why she fu cked another man outside and gave the pregnancy to your father. 6 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by Remarkable: 11:15am On Oct 22, 2014 |
You would expect one to write on a topic he is privy to, baa? The S/Africa arms arms saga and its investigations have not been made public, or have the names of the people carrying the cash been released? on the other hand, investigations have been made on Buhari, his NNPC/PTF management and the findings is what we are trying to make Nigerians know of... that Buhari is not who he and his followers claim he is... He can not come back to lead us.. we should be moving forward, not backwards... giving his antecedents... you feel me? or do you really believe Buhari is Mr. Integrity & had to borrow 27.5 mill..... for a form?! dridowu: 5 Likes |
Re: Muhammadu Buhari, By Femi Aribisala by Blueboy0402: 11:19am On Oct 22, 2014 |
GenBuhari: Is this all you have to say or you are only trying to book space thinking of what to say? I expect you to bring up superior points to counter what Femi said regarding Buhari. 1 Like |
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