Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,150,132 members, 7,807,437 topics. Date: Wednesday, 24 April 2024 at 01:30 PM

Buhari's Legacy As Minister Of Petroleum. - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari's Legacy As Minister Of Petroleum. (2488 Views)

Nigerians React To Amaechi's Confirmation As Minister Online / PDP Senators Walk Out As Senate Confirms Amaechi As Minister (Photos) / Part Of Buhari's Legacy Still Standing The Test Of Time (pictures) (2) (3) (4)

(1) (Reply) (Go Down)

Buhari's Legacy As Minister Of Petroleum. by GBTYO: 9:12am On Dec 17, 2014
Despite its relative autonomy in those early years, NNPC was hopelessly inept. In the wake of allegations of massive fraud, including an improper withdrawal of more than $4b from the corporation’s accounts in the late 1970s, the newly elected President Shehu Shagari (1979-83) in March 1980 instituted a tribunal to probe allegations.

NNPC’s oversight and regulatory role over the industry was virtually non-existent, due to a combination of low capacity, sheer inaction, and simply a proclivity of the corporation to break the law.

Agreements with IOCs lay around for years without ratification, and the IOCs often acted as if the corporation never existed. [size=18pt]NNPC’s accounting system was an unmitigated shambles; the corporation had never prepared and submitted audited accounts. [/size]

[size=18pt]The industry under NNPC up to 1980 was so dismal that the tribunal— even with its full judicial powers to subpoena witnesses and information —could not reconcile crude oil production and sales figures from the various arms of government[/size]. The panel recommended the pruning of the power of NNPC and the streamlining of its operation for increased efficiency.

The limitation of the panel is underlined by the tribunal’s failure to summon Generals Obasanjo and Muhammadu Buhari, who as national ruler, and oil minister NNPC chairman respectively “supervised the NNPC and controlled oil sales during the period in question.

http://bakerinstitute.org/media/files/page/9b067dc6/noc_nnpc_ugo.pdf

6 Likes 2 Shares

Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 9:19am On Dec 17, 2014
egift, berem omenka, orlandoowoh, barcanista, cleverly, demdem, gbawe, obiagelli
Re: Buhari's Legacy As Minister Of Petroleum. by karlmax2: 9:28am On Dec 17, 2014
It is only almajaris and tinubus pack of illitrates that would vote pa buhari. A man that told nigerians that abacha never stole is the change some idiots want us to embrace a weaking who cannot choose his own running mate. If the apc primaries was won by atiku he would have called the bluff of the corrupt frog eye and choosen his runing mate. By now

10 Likes 2 Shares

Re: Buhari's Legacy As Minister Of Petroleum. by OrlandoOwoh(m): 9:30am On Dec 17, 2014
GBTYO:
egift, berem omenka, orlandoowoh, barcanista, cleverly, demdem, gbawe, obiagelli
Could you give us one achievement of Jonathan as Governor of Bayelsa State?

1 Like

Re: Buhari's Legacy As Minister Of Petroleum. by OrlandoOwoh(m): 9:33am On Dec 17, 2014
You must be high on kaikai for not even understanding the thread you created.
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 9:38am On Dec 17, 2014
Any body with a Stanford Libary pass can download the full Report of Tribunal of Inquiry into Crude Oil Sales which was setup to investigate the case of missing $4 billion dollars.

Here is the link: http://searchworks.stanford.edu/view/1942901

[img]http://books.google.com/books/content?id=keouAQAAIAAJ&printsec=frontcover&img=1&zoom=1[/img]

4 Likes

Re: Buhari's Legacy As Minister Of Petroleum. by karlmax2: 9:38am On Dec 17, 2014
WAtch the pack of illitrate come withdifferent type of abuse instead of treating the issue raised in the write up or try to deflect attention from the illitrate that would stibilize oil price

8 Likes

Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 9:47am On Dec 17, 2014
karlmax2:
WAtch the pack of illitrate come withdifferent type of abuse instead of treating the issue raised in the write up or try to deflect attention from the illitrate that would stibilize oil price

You are too late with your prediction. Alhaji OrlandoOwoh has already graced the thread with his illiteracy and left the building

OrlandoOwoh:

Could you give us one achievement of Jonathan as Governor of Bayelsa State?

7 Likes 1 Share

Re: Buhari's Legacy As Minister Of Petroleum. by Ogbonaikenna(m): 9:47am On Dec 17, 2014
Re: Buhari's Legacy As Minister Of Petroleum. by OrlandoOwoh(m): 9:53am On Dec 17, 2014
GBTYO:


You are too late with your prediction. Alhaji OrlandoOwoh has already graced the thread with his illiteracy and left the building

Anonimi, your crying after February 14 2015 is a "sure banker."
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 10:01am On Dec 17, 2014
The limitation of the panel is underlined by the tribunal’s failure to summon Generals Obasanjo and Muhammadu Buhari, who as national ruler, and oil minister NNPC chairman respectively “supervised the NNPC and controlled oil sales during the period in question.

"Muhammadu Buhari as a member of the SMC & as the head of the petroleum dept was by nature taciturn & introvert. But he took any work given to him very seriously & if he failed at whatever he did, it would not be because he did not put his best, in fact, his very best. He was as reliable as he was hard working & HONEST"

Olusegun Obasanjo ("Not My Will", University Press Ltd., Ibadan, 1990, Pg 59)

Why Buhari no go honest for your eye?

2 Likes

Re: Buhari's Legacy As Minister Of Petroleum. by lilflipnerd: 10:35am On Dec 17, 2014
GBTYO:


"Muhammadu Buhari as a member of the SMC & as the head of the petroleum dept was by nature taciturn & introvert. But he took any work given to him very seriously & if he failed at whatever he did, it would not be because he did not put his best, in fact, his very best. He was as reliable as he was hard working & HONEST"

Olusegun Obasanjo ("Not My Will", University Press Ltd., Ibadan, 1990, Pg 59)

Why Buhari no go honest for your eye?
Now Obj's Quote seems to b accepted by Tan
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 10:54am On Dec 17, 2014
lilflipnerd:
Now Obj's Quote seems to b accepted by Tan

OBJ has criticized every past regime and head of state apart from Buhari's.

He did not only not criticize Buhari's regime but went on to sing praises about the man.

Given that Buhari was a serving Minister of the Ministry of Petroleum during OBJ's tenure as a military head of state where $4billion went missing under his Watch, it will be safe to state that Obasanjo's criticism stops where his shady past starts.

3 Likes

Re: Buhari's Legacy As Minister Of Petroleum. by lilflipnerd: 10:59am On Dec 17, 2014
GBTYO:


OBJ has criticized every past regime and head of state apart from Buhari's.

He did not only not criticize Buhari's regime but went on to sing praises about the man.

Given that Buhari was a serving Minister of the Ministry of Petroleum during OBJ's tenure as a military head of state where $4billion went missing under his Watch, it will be safe to state that Obasanjo's criticism stops where his shady past starts.

do u believe Obj yes or no
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 11:02am On Dec 17, 2014
lilflipnerd:
do u believe Obj yes or no

NO!
Re: Buhari's Legacy As Minister Of Petroleum. by lilflipnerd: 11:15am On Dec 17, 2014
GBTYO:


NO!
Thank u
Re: Buhari's Legacy As Minister Of Petroleum. by Caseless: 11:34am On Dec 17, 2014
OrlandoOwoh:

Could you give us one achievement of Jonathan as Governor of Bayelsa State?
none! He drank sapele water throughout his days as governor of bayelsa.

1 Like

Re: Buhari's Legacy As Minister Of Petroleum. by jamace(m): 11:52am On Dec 17, 2014
Caseless:
none! He drank sapele water throughout his days as governor of bayelsa.

List of bursted Buhari propagandas: https://www.nairaland.com/2047620/list-busted-buhari-propaganda

1 Like

Re: Buhari's Legacy As Minister Of Petroleum. by Sibabasibaba1: 12:08pm On Dec 17, 2014
GBTYO:


"Muhammadu Buhari as a member of the SMC & as the head of the petroleum dept was by nature taciturn & introvert. But he took any work given to him very seriously & if he failed at whatever he did, it would not be because he did not put his best, in fact, his very best. He was as reliable as he was hard working & HONEST"

Olusegun Obasanjo ("Not My Will", University Press Ltd., Ibadan, 1990, Pg 59)

Why Buhari no go honest for your eye?


Chai! Obasanjo na bad guy!. He knew Buhari was not intelligent. The words in bold are just euphemism for Buhari's best not being good enough. The words can also be seen as an innuendo--just like the biblical 'Namaan was a man of valour but he was a leper'. So, let's put Obasanjo's views this way: 'Buhari works hard and he always puts in his best. However, despite his hard work, there is always k-leg' in assignments he handled.



Obasanjo sef.
Re: Buhari's Legacy As Minister Of Petroleum. by atlwireles: 12:19pm On Dec 17, 2014
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 3:23pm On Dec 17, 2014
OrlandoOwoh:

Anonimi, your crying after February 14 2015 is a "sure banker."

1 Like

Re: Buhari's Legacy As Minister Of Petroleum. by Curlieweed: 3:44pm On Dec 17, 2014
And here I was thinking that Buhari's lack of intelligence and general mumuness was due to old age but it's now very obvious the animal was born without a working brain cell. This is pure genetic mumuness.

3 national outings (minister, head of state and PTF chairman) = 3 monumental disasters and the clown wants a fourth.

2 Likes

Re: Buhari's Legacy As Minister Of Petroleum. by unongu(m): 8:48am On Dec 19, 2014
lilflipnerd:
Now Obj's Quote seems to b accepted by Tan
WHAT PROMINENT NIGERIANS SAY ABOUT BUHARI

“The army after toppling our democratic regime have no option but to install Buhari as head of state so as to avoid credibility problems, especially in the sight of the international community because of his being an epitome of integrity."
- SHAGARI.

“There are only 2 honest & reliable Nigerians. Myself & Buhari. All what PDP is saying of Buhari being fundamentalist is mere hot lies. They just fear, let‘s go to jail “
– OBJ

General Muhammadu Buhari as a member of the Supreme Military Council and as Head of NNPC was by nature taciturn and introvert. But he took any work that was given to him very seriously. He is reliable as he is hardworking and honest, his path of moral probity and rectitude” Incorruptible
– President Olusegun Obasango , in his book, “Not My Will”.

“Buhari was a big brother & a father to some extent that mean nothing in life & to the nation always other than good. So, I fear no harm from him.“
– LATE YAR‘ADUA.

“Buhari was honest & sincere in all his conduct that perhaps, only very few Nigerians could match in integrity.“
–GEN. ABDUSSALAM

“Gen. Muhammadu Buhari was a true patriot, respected former head of state & elder statesman & a nationalist.“
-PRESIDENT JONATHAN.

“I have realized our collective mistake in over-throwing you. I have seen the terrible damage which our inaction caused to the Nigerian psyche. I am most sorry. Please, come and do what is best known about you. Patriotic service to the nation.“
–LATE ABACHA (PTF inaugural speech).

“If Buhari quit PTF job as he promises & as we knew him to mean his words, all along, I support the idea of scrapping PTF as no one else can do the job as him.“ –IBB

I respect Buhari. He was my Boss.He was an honorable man. And I can say this anywhere”.
-General Ibrahim Babangida.

“As a member PDP BOT, I decided personally to donate the #5,000,000 to Buhari‘s campaign organization because of my firm believe in his ability to right all the nation wrongs-
ALH. ISIYAKU IBRAHIM.

“Buhari is as clean as the book I am holding”
~ Alhaji Isiaku Ibrahim, a Member of PDP Board of Trustees @ a Book launch in Kaduna

“The issue of Gen. The Buhari‘s presidency was always being derided by the criminals who looted the nation to stupor by embarking upon a campaign of calumny so as to smear his name with a view to denying Nigerians having a leader who can improve their lots.“
–PROF. DAVID WEST.

“If the truth must be said, Buhari remain the only real threat to PDP wither he runs for the presidency or not due to his wider followership among the masses that now hit the elite circle.“
-SEN. MAKARFI.

***Kindly share this if really you believe in a NEW Nigeria & that another Nigeria is possible*** Shun Sentiments! Avoid Religious & Ethnic biases... vote competence and integrity!!!

1 Like

Re: Buhari's Legacy As Minister Of Petroleum. by unongu(m): 9:04am On Dec 19, 2014
Curlieweed:
And here I was thinking that Buhari's lack of intelligence and general mumuness was due to old age but it's now very obvious the animal was born without a working brain cell. This is pure genetic mumuness.

3 national outings (minister, head of state and PTF chairman) = 3 monumental disasters and the clown wants a fourth.
THE MUHAMMADU
BUHARI ACHIEVEMENTS
SERIES.....SEASON 5 A PEEP INTO THE PEOPLES
GENERAL ACHIEVEMENTS
AS PTF CHAIRMAN

Initially PTF awarded
contracts for the
rehabilitation of
12,000km of federal
highways (including
drainages) nationwide, and between 25-100km
of urban road in major
cities such as Gusau,
Benin, Funtua, Zaria,
Enugu, Kaduna, Aba,
Lagos, Lokoja, and Port Harcourt. A N27.3bn
contract was awarded
for road rehabilitation in
the first quarter of 1996.
The sum of N1.328bn
was awarded to 53 pharmaceutical
companies for the
supply of drugs, while
the importation of
vaccines cost N229.9m.
As at December 31, 1997, funds available to
PTF stood at N115.1bn. One thing even the most
uncharitable critic of PTF
will admit is that it has
evolved a new way of
doing things. This is true
to its mission statement which is 'to establish
and operate an open,
modest and efficient
organisation for the
purpose of achieving the
honest and timely execution of carefully
designed socio-
economic projects.' It depends therefore
largely on consultants
supervised by Afri-
Projects Consortium, the
management consultant
to PTF. This policy has created jobs and
boosted the confidence
of Nigerian professionals
such as architects,
engineers and quantity
surveyors. In many other ways, PTF
has thrown a lifeline to
dying sectors of the
economy. Most of
Nigeria's pharmaceutical
companies were failing, and the foreign
multinationals were
divesting. But through
its drugs procurement
programme, PTF has
turned the balance sheet of most of them into
profit. Equipment and
car leasing companies
are also benefitting from
the multiplier effects of
PTF operations. Banks and insurance
companies have also
benefited. Nigeria has a
history of contractors
collecting mobilisation
(advance) fees and not carrying out the
contract. But not with
PTF. Every advance
payment up to N10m
must be guaranteed by a
PTF-approved bank, while other advance
payments are covered
by performance bonds
issued by similarly
approved insurance
companies. This method, apart from increasing
solvency through cash
deposits, has created
business for banks and
insurance companies. One of the insurance
companies that has
benefited from PTF as a
provider of performance
bonds is The United
Nigeria Insurance Company (UNIC), a
composite insurance
company which
provides both life and
non-life insurance. The
total assets of UNIC stood at N979m while it
grossed premium
income of N916m and
settled claims of N263m
in 1996. With a staff of
552 spread all over its nationwide branch
network, UNIC is today
one of the leading
insurance company in
Nigeria. Another company that
has done good business
with PTF is IPWA plc,
formerly International
Paints (West Africa) Ltd.
IPWA is today one of the biggest and most
diversified paint
manufacturers in
Nigeria. The company
product range spans
automotive paints, building paints,
industrial coatings and
marine coatings. Others
are packaging coatings,
protective coatings and
wood finishes. Most PTF contractors,
specialist advisers and
consultants lease and
use computers, fax
machines, printers and
photocopiers. This has provided a new market
for computer companies
like Leading Edge Ltd.,
headed by Mr Tony
Edoro, the managing
director. Leading Edge is foremost in cloning
computers with parts
from diverse companies
such as US Micro-
Generation, IBM Direct,
Merisel and Gateway. According to Mr Edoro, a
widely experienced
computer systems
engineer, the advent of
PTF has been good for
Leading Edge. The company's turnover has
grown from N50m in
1995 to well over
N100m in 1997. In a country dogged by
lack of transparency, PTF
is the first, and perhaps
the only public
institution in Nigeria to
publish its annual accounts. Last year,
when he presented the
annual report and
accounts of 1996, Gen.
Buhari promised to
present the 1997 accounts before the end
of the first quarter of
1998. He fulfilled that
promise. The 1997 account of PTF
shows that it disbursed
N24.3bn on roads,
N21.2bn on security,
N7.8bn on health, and
N3bn on other projects. Other disbursements
include N2.2bn on water
supply, N936m on food
supply and N476m on
education. It realised a
total of N1.049bn from various investment
activities. Reviewing the success
story of PTF, Gen. Buhari
said: "We have
consolidated our
execution of the take-off
projects for the previous year and increased our
intervention within the
sectors. There is no
doubt that the years
ahead will witness even
more intervention, as reports of some of the
studies commissioned
are received and project
execution commenced." The fund has embarked
on community
education to sensitise
and enlighten
communities of its
activities. The idea is to bring recipients closer to
the objectives of the
fund, so that they can
participate in project
identification and
selection as well as eventual PTF projects in
their areas. Nobody knows how
long PTF, a purely
intensive intervention
agency, will last or
whether there will be a
place for such an agency under a democratic set
up. That decision, Gen.
Buhari said, will be up to
Nigerians. For now his
preoccupation is to
rehabilitate infrastructure and
reorientate the people
towards a new, effective
and efficient way of
executing uninflated
contracts without kickbacks and without
consuming mobilisation
fees. Said Gen. Buhari to
PTF contractors: "If you
perform well, you get a
hand shake. If you perform badly, you get a
handcuff."

INNOCENT EBOIGBE EHIZ
Re: Buhari's Legacy As Minister Of Petroleum. by 12Monkeys: 12:49am On Sep 12, 2016
Thief in Power
Re: Buhari's Legacy As Minister Of Petroleum. by 12Monkeys: 12:51am On Sep 12, 2016
Caseless:
none! He drank sapele water throughout his days as governor of bayelsa.

another foool
Re: Buhari's Legacy As Minister Of Petroleum. by BigBabyJesus: 1:38pm On Mar 28, 2020
grin

(1) (Reply)

We Will Be Rewarding Boko Haram If We Elect Buhari – Middle Belt Group / Patience Jonathan Reportedly Avoids North Over Hate Speeches / Buhari Should Demand No Respect As The President - Bilkisu Khaled Al-fulani

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 63
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.