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Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. (18392 Views)

$3.4billion Already Missing Under Buhari? / Soludo Identifies Another N8.6trillion Missing Under Okonjo Iweala / N30tr Missing Under Okonjo-iweala Not Posssible –ribadu (2) (3) (4)

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Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Nobody: 11:06am On Feb 05, 2015
rozayx5:


better trains that Buhari or OBJ could not give us, but today they are behaving as saints.
park well
have you seen the Portharcourt intl airport recently?
you are here claiming train as achievement.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by nobilis: 11:09am On Feb 05, 2015
smarthG:
Since when did Soludo become an EFCC boss

Someone that Sanusi made his failure obvious in the banking industry. Still failled in power pursuit. He is such a kain. And he will continue to suffer.

Attacking his person and attributing his revelations about the economic failings of the Nigerian Govt under Jonathan to bitterness over his seeming loss of relevance in the Nigerian political space is just petty. And that was exactly was Iweala did. And you're doing the same now.

The man raised issues which he is willing and eager to defend to the last. You leave the issues he raised and start talking about his failed political career.

I weep for the youths of this country. We are easily swayed by sentiments and we avoid issues-based confrontations like the plague.

Soludo is calling for a public debate. He hasn't gone into hiding. He is asking Iweala to confront him in a public debate. Why not encourage Iweala, ur boss, to accept the challenge and exonerate herself. It is as simple as that.

Whether he failed as a politician or not doesn't make him less a Nigerian. And as a patriotic Nigerian, he felt he needed to educate the Nigerian masses on the near-clandestine embezzling and mismanagement of the country's funds. If you guys feel he is lying (on account of political bitterness), why not confront him in a debate and match him word for word, figure for figure. At least that will vindicate Iweala and all you her supporters and sympathisers.

2 Likes

Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by blackandbold: 11:19am On Feb 05, 2015
nelsonoba:



Even though we know you're an APC member, but that doesn't mean you should throw your common sense into the Atlantic Ocean. Please go and read Ribadu's reasons again!

Nigeria's total budget for this year is just over N4trillion, so how will your common sense allow you think it is possible to be stealing N8.6trillion annually from inside an annual budget of N4trillion

Nigeria's total annual budgets combined for the 5years that Jonathan has been President is less than N20trillion, so how could Soludo claim N30trillion is missing under Jonathan?

Soludo's senses have since departed him!
lol....just becos a 4trillion naira budget is being made yearly does not meam we are not bixed up much more than that..believe me nigeria is or wud I rather say was a fucking rich country particularly when we had our oil businesses booming.besides the lastest allegations as reagrds missing 8.3trilliom is not primarily sourced from a nigerian report.its drim an international african union report les any man says it has be tinkered with by the opposition. its worth investigating sha
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by nobilis: 11:20am On Feb 05, 2015
zizibabe1:


With a moniker like yours,I wouldn't wonder why you reason from your anus.If it makes you happy to think you know better than international financial institutions,I want to know what you are smoking.Our very own
world respected Ngozi Okonjo Iweala called the shots at these places at various times.Tell us your own area of specialisation.Anyways,a prophet is not without honor..... (fill in the blank space)

The international financial institutions you're referring to are World Bank and IMF, right?

Read Pat Utomi's interview and see what he has to say about the IMF in the case of Asian economic crises.

Don't forget that the first official devaluation of the Naira was done under IBB's tenure based on IMF's advice. And till today, Nigeria hasn't recovered from that.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by nelsonoba: 11:28am On Feb 05, 2015
MadCow1:




grin


I have been watching as you PDP clowns have avoided the parts of Soludos writing that said the monies were either "STOLEN, MISAPPROPRIATED OR MISMANAGED"..


And just because our budget is 4 trillion per annum does not mean that Nigeria does not have over 30trillion Niara..

Soludo also tried to point to the sources of the monies in his write up so go and re read it..


Dear Madcow, I will try to explain this to you in plain HUMAN language, and also in a way that any SANE HUMAN or COW can understand;

As a country, we have an annual budget that is based on our Receivables, we budget based on money/funds we can have access to. The total money that the Government has earned from which it budgets within the past 5years is not up to N20trillion........go and refresh yourself with this fact from records.

Inside this "Less than N20trillion" over the past 5years, the federal government has disbursed money to State and local governments on a monthly basis

Inside this "Less than N20trillion" over the past 5years, the federal government has been paying federal government workers' salaries

Inside this "Less than N20trillion" over the past 5years, the federal government has carried out capital projects (Including the new trains that APC supporters pretend not to like and claim they are not as beautiful as Dubai & Mexican trains, even though Buhari couldn't even give us a single locomotive while he was in power)

Inside this "Less than N20trillion" over the past 5years, the government has funded the approved increases in minimum wage and NYSC allowances

Inside this "Less than N20trillion" over the past 5years, the government has been building Almajiri schools all over the North, reconstructing several abandoned federal roads that previous administrations left delapidated and abandoned, etc etc etc.

So my Dear Madcow, please tell me again how you or Soludo can claim the Government has Mismanaged, misappropriated or stolen N30trillion and another N8.6trillion from inside this less than N20trillion budget over 5years?

Another common sense (which doesn't seem common to some people) should make you know that The Government needs to have had access to at least N38.6trillion over the past 5years of Jonathan's administration before it could ever have the capacity/ability to STEAL, MISMANAGE or MISAPPROPRIATE that amount!!

Madcow, you cannot STEAL, MISMANAGE or MISAPPROPRIATE an amount of money you have not had access to in the first instance!!!

2 Likes

Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by nobilis: 11:32am On Feb 05, 2015
9jatatafo:


I read the one on Nairaland. How much is our budget for the past 5 years that 30 trillion will be missing, misappropriated and the likes? Let's be reasonable. I am not lazy in reading. Think!!!

Then you should come across where he arrived at his figures. I don't think they were just arbitrary figures.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Faibuhari: 11:34am On Feb 05, 2015
jbaby265:
what is wrong with that woman...money missing at this critical time
did you read the story at all? How can you belve Soludo when the tru picture of everything is staring at your face.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by PStacks(m): 11:34am On Feb 05, 2015
nelsonoba:



Even though we know you're an APC member, but that doesn't mean you should throw your common sense into the Atlantic Ocean. Please go and read Ribadu's reasons again!

Nigeria's total budget for this year is just over N4trillion, so how will your common sense allow you think it is possible to be stealing N8.6trillion annually from inside an annual budget of N4trillion

Nigeria's total annual budgets combined for the 5years that Jonathan has been President is less than N20trillion, so how could Soludo claim N30trillion is missing under Jonathan?

Soludo's senses have since departed him!



That's why I hate olodo people, I must take time to educate them.

Nigerian Budget and Nigerian Reserves or what Nigeria Earns, are there the same things?

Do you know what it is for Money to be unaccounted for?

That's why I'm asking you!

Can you know more than Sanusi or can you know more than Sulodo?

If u can answer those questions correctly then I will take time to explain the Economics behind Sulodo's claims and that of Sanusi.

Nairaland brings Sheep and Goat 2geda, its not your fault.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Timoleon(m): 11:41am On Feb 05, 2015
I was goung to take Ribadu serious until he said


``I challenge anybody to say that she stole N1 at that time; we were all there. I was in charge of
EFCC and I want to hear anybody say that she did this and that.

Rhetorics and semantics. Ribadu really? can she declare her accounts and assets publicly and we'll be able to tell by simply adding and substracting wether an extra #1 exists in her coffers. smh for people who just swallow fables hook line and sinker without questioning uts rationality.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Onosy: 11:44am On Feb 05, 2015
and we believe de tell us d truth in the budget abi, Nigeria earn much more Dan d govt claims know dat now....

d trillions d claimed to waste on subsidy came from where
was it part of d budget
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by jomoh: 11:48am On Feb 05, 2015
Specialist900:
30 trillion no be 1billion o. I think I can believe Ribadu

When a boko haram and a militant are arguing about war strategies and a civil defence comes up to say i have an idea. You should be careful about the idea.

Soludo and okonjo are renowned economists while ribadu is a lawyer.
so who invited him into the fold?

No wonder he came into the debate & started defending someone dat was not accused.

Soludo never accused okonjo of stealing anything. He only pointed dat shes weak in managing d economy by not monitoring d countrys finance well.

If you're a night guard in charge of a wharehouse and someone says some goods were missing under your watch. It doesnt mean u stole d good but dat u werent doing ur job properly (you are weak).

Also to tink of it lamido initially alleged $50b was missing frm NNPC alone in 5yrs dats about N8tr. Now tink of other sectors like agric, ports, oil bunkering.

I think i will go with an econimist not not a lawyer.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Nobody: 11:48am On Feb 05, 2015
PStacks:




That's why I hate olodo people, I must take time to educate them.

Nigerian Budget and Nigerian Reserves or what Nigeria Earns, are there the same things?

Do you know what it is for Money to be unaccounted for?

That's why I'm asking you!

Can you know more than Sanusi or can you know more than Sulodo?

If u can answer those questions correctly then I will take time to explain the Economics behind Sulodo's claims and that of Sanusi.

Nairaland brings Sheep and Goat 2geda, its not your fault.
we all know that you know more ribadu and okonjo iweala. your own olodorism dey smell.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Nobody: 11:49am On Feb 05, 2015
PStacks:




That's why I hate olodo people, I must take time to educate them.

Nigerian Budget and Nigerian Reserves or what Nigeria Earns, are there the same things?

Do you know what it is for Money to be unaccounted for?

That's why I'm asking you!

Can you know more than Sanusi or can you know more than Sulodo?

If u can answer those questions correctly then I will take time to explain the Economics behind Sulodo's claims and that of Sanusi.

Nairaland brings Sheep and Goat 2geda, its not your fault.
we all know that you know more than ribadu and okonjo iweala. your own olodorism dey smell.

1 Like

Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by oneildaps777: 11:53am On Feb 05, 2015
GEJ has done more harm to this country than any other president.I dont know whether Nigerians has forgotten, what Jonathan did three years ago by increasing fuel price.The repercussion of this is untold hardship on the teaming population of this country.Jonathan administration is so worst that we could barely eat three square meals.What Jonathan cannot achieved in 6yrs,he now wanted to used four years in doing it.My brothers and sisters do not let any pastors deceived you again.We can hardly recognize man of God again.All of them has now turn politicians. But once again let us cast our vote wisely.
In addition to that,soludo has fact of the money stolen from Nigeria by the so call ministers.He has call her for debate but she their not show up.This administration is synonyms of corruption.Nigerians be wise once again.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Specialist900(m): 11:54am On Feb 05, 2015
jomoh:


When a boko haram and a militant are arguing about war strategies and a civil defence comes up to say i have an idea. You should be careful about the idea.

Soludo and okonjo are renowned economists while ribadu is a lawyer.
so who invited him into the fold?

No wonder he came into the debate & started defending someone dat was not accused.

Soludo never accused okonjo of stealing anything. He only pointed dat shes weak in managing d economy by not monitoring d countrys finance well.

If you're a night guard in charge of a wharehouse and someone says some goods were missing under your watch. It doesnt mean u stole d good but dat u werent doing ur job properly (you are weak).

Also to tink of it lamido initially alleged $50b was missing frm NNPC alone in 5yrs dats about N8tr. Now tink of other sectors like agric, ports, oil bunkering.

I think i will go with an econimist not not a lawyer.
an economist brought it up while a corruption expert (as he claims to be) looks at the possibility of such funds getting missing.

According to Ribadu argument it's lik saying "I squandered 50mil naira when I haven't earned/saved 100 thousand in the time frame"
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by tittop4: 12:00pm On Feb 05, 2015
We have always believed that soludo is a confused man,he ruined banking sector and now trying to corrupt the mind of nigerian whereas he is the chief corruption that needed to be thrown into jail for bankrupting banking sector in this country. A confused frustrated man. It's Goodluck till 2019. Vote right and vote for continuity of our nation. GEJ GEJ GEJ till 2019
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by nelsonoba: 12:02pm On Feb 05, 2015
PStacks:




That's why I hate olodo people, I must take time to educate them.

Nigerian Budget and Nigerian Reserves or what Nigeria Earns, are there the same things?

Do you know what it is for Money to be unaccounted for?

That's why I'm asking you!

Can you know more than Sanusi or can you know more than Sulodo?

If u can answer those questions correctly then I will take time to explain the Economics behind Sulodo's claims and that of Sanusi.

Nairaland brings Sheep and Goat 2geda, its not your fault.

Dear Professor PStacks,

With your seeming level of high knowledge, I'm still at a loss as to how you have been unable to understand a simple fact that Nigeria's total earnings + foreign reserves over the past 5years is not up to N38.6trillion!!!

At it's peak before it started depreciating, Nigeria's total foreign reserve was just about $69billion ($69billion x N210 per dollar = N14.49trillion)

Add that figure to the total of Nigeria's combined annual budgets for the past 5years, which is less than N20trillion, and the full amount the Government has had over the past 5years is still not up to N38.6trillion!

Dear Professor PStacks, even if Jonathan was a heartless criminal like you want us to believe, and he Stole, misappropriated or mismanaged EVERY single penny/kobo/Naira that came into Nigeria's purse including all our foreign reserves over the last 5years, and he never paid any salary or executed any single project at all since he became President, the facts still show that the total amount he would have Stolen, misappropriated or mismanaged in the whole of the past 5years CANNOT have been up to N38.6trillion which Soludo is blabbing about!

Even the Sanusi you claim knows everything ended up proving himself a confused man......proof: Sanusi first said it was $48.9billion missing from NNPC's remittances, then it later changed to $20billion, and then again to $10billion. Even Sanusi was asked later on and he publicly admitted "he isn't sure how much is missing, but he thinks money is missing or unaccounted for somewhere (I'm sure you will claim not to have watched that on the news when he made that statement, cos your TV only works when Sanusi makes a statement that $49.8billion is missing)

1 Like

Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Ohibenemma(m): 12:04pm On Feb 05, 2015
Same APC apologists who defended their party's refusal to participate in the Presidential Debates are now calling on Ngozi Okonjo Iweala to leave her busy schedule and sacrifice time to debate with a bitter, interest-guided ranter in person of Prof C. Soludo.
Same people who are quick to attack any attempt to bring to public knowledge Buhari and APC's failings are quick to jump at any unfounded allegation made against the PDP, no matter how unreasonable.
Reasonable persons would question the failed rail projects under Amaechi, while questioning the poor implementation of fuel subsidy promises by Jonathan; reasonable persons will question the poor state of Edo State owned tertiary institutions while exorbitantly raising student fees, just as they talk about the incessant strikes by ASUU... Why are most persons unreasonably guided by blind sentimentalism?
Was Soludo insinuating that the entire budget plus...whatever whatever were mismanaged or stolen? Is such an allegation to be believed by reasonable people? Common sense truly ain't common.

2 Likes

Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by dammytosh: 12:28pm On Feb 05, 2015
Specialist900:
30 trillion no be 1billion o. I think I can believe Ribadu

it is 187 Billion Dollars.


Average of 46.7Billion Naira per Annum.

It is very very possible.

With the rate at which billion dollars disappear without trace. It is very possible.

The question we should ask is why both the current and ex CBN Governors made allegation of Missing Money.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by bigbams24: 12:30pm On Feb 05, 2015
These are apples and oranges really. Your assessment is based on our 'recorded Receivables'. That may be "less than N20trn" as you claim and it's all well and good. The truth, which you fail to acknowledge or question, is whether that is our true Receivables or not. Monies that go missing are often apparently unrecorded. Soludo's analysis is likely based on the country's expected earning capacity, even as a worst case scenario, compared with exactly what has been declared so far (according to records). So as much as your explanation might be correct or valid, it fails to show it is impossible for such monies to be missing (without records). In essence, Soludo's argument still stands.

nelsonoba:



Dear Madcow, I will try to explain this to you in plain HUMAN language, and also in a way that any SANE HUMAN or COW can understand;

As a country, we have an annual budget that is based on our Receivables, we budget based on money/funds we can have access to. The total money that the Government has earned from which it budgets within the past 5years is not up to N20trillion........go and refresh yourself with this fact from records.

Inside this "Less than N20trillion" over the past 5years, the federal government has disbursed money to State and local governments on a monthly basis

Inside this "Less than N20trillion" over the past 5years, the federal government has been paying federal government workers' salaries

Inside this "Less than N20trillion" over the past 5years, the federal government has carried out capital projects (Including the new trains that APC supporters pretend not to like and claim they are not as beautiful as Dubai & Mexican trains, even though Buhari couldn't even give us a single locomotive while he was in power)

Inside this "Less than N20trillion" over the past 5years, the government has funded the approved increases in minimum wage and NYSC allowances

Inside this "Less than N20trillion" over the past 5years, the government has been building Almajiri schools all over the North, reconstructing several abandoned federal roads that previous administrations left delapidated and abandoned, etc etc etc.

So my Dear Madcow, please tell me again how you or Soludo can claim the Government has Mismanaged, misappropriated or stolen N30trillion and another N8.6trillion from inside this less than N20trillion budget over 5years?

Another common sense (which doesn't seem common to some people) should make you know that The Government needs to have had access to at least N38.6trillion over the past 5years of Jonathan's administration before it could ever have the capacity/ability to STEAL, MISMANAGE or MISAPPROPRIATE that amount!!

Madcow, you cannot STEAL, MISMANAGE or MISAPPROPRIATE an amount of money you have not had access to in the first instance!!!
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by dammytosh: 12:32pm On Feb 05, 2015
nelsonoba:


Dear Professor PStacks,

With your seeming level of high knowledge, I'm still at a loss as to how you have been unable to understand a simple fact that Nigeria's total earnings + foreign reserves over the past 5years is not up to N38.6trillion!!!

At it's peak before it started depreciating, Nigeria's total foreign reserve was just about $69billion ($69billion x N210 per dollar = N14.49trillion)

Add that figure to the total of Nigeria's combined annual budgets for the past 5years, which is less than N20trillion, and the full amount the Government has had over the past 5years is still not up to N38.6trillion!

Dear Professor PStacks, even if Jonathan was a heartless criminal like you want us to believe, and he Stole, misappropriated or mismanaged EVERY single penny/kobo/Naira that came into Nigeria's purse including all our foreign reserves over the last 5years, and he never paid any salary or executed any single project at all since he became President, the facts still show that the total amount he would have Stolen, misappropriated or mismanaged in the whole of the past 5years CANNOT have been up to N38.6trillion which Soludo is blabbing about!

Even the Sanusi you claim knows everything ended up proving himself a confused man......proof: Sanusi first said it was $48.9billion missing from NNPC's remittances, then it later changed to $20billion, and then again to $10billion. Even Sanusi was asked later on and he publicly admitted "he isn't sure how much is missing, but he thinks money is missing or unaccounted for somewhere (I'm sure you will claim not to have watched that on the news when he made that statement, cos your TV only works when Sanusi makes a statement that $49.8billion is missing)
it is 187 Billion Dollars.


Average of 46.7Billion Dollars per Annum.

It is very very possible.

With the rate at which billion dollars disappear without trace. It is very possible.

Lets assume through Subsidy fraud and other stupid means, an average of 4Billion Dollars disappear per month.

The question we should ask is why both the current and ex CBN Governors made allegation of Missing Money.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by obailala(m): 12:46pm On Feb 05, 2015
“over N30 trillion is missing or stolen or unaccounted for, or simply mismanaged”
A lot of people obviously do not understand the meaning of the words mismanaged, unaccounted for and missing.

It's a shame that a lot of people, including Nuhu Ribadu did not read past the first paragraph of Soludo's write-up or maybe he read just the title. It is either they didn't read or they didn't understand the plain English or they actually read and understood but just decided to act like they dont understand in order to possibly deceive gullible people.

For anyone who maybe for 'genuine' reasons, couldn't read the long write-up or who 'genuinely' doesnt have the basic comprehension ability to grasp what Soludo said, an extract of Soludo's estimated N30Trillion is as follows:

"First, you admit that ‘oil theft’ has reduced oil output from the average 2.3 – 2.4 million barrels per day (mpd) to 1.95mpd (meaning that at least 350,000 to 450,000 barrels per day are being ‘stolen’. On the average of 400,000 per day and the oil prices over the past four years, it comes to about $60 billion ‘stolen’ in just four years. In today’s exchange rate, that is about N12.6 trillion.

Second, my earlier article stated that the minimum forex reserves should have been at least $90 billion by now and you did not challenge it. Rather it is about $30 billion, meaning that gross mismanagement has denied the country some $60 billion or another N12.6 trillion.

Now add the ‘missing’ $20 billion from the NNPC. You promised a forensic audit report ‘soon’, and more than a year later the Report itself is still ‘missing’. This is over N4 trillion, and we don’t know how much more has ‘missed’ since Sanusi cried out"


Soludo also mentioned the $6.8billion (N1.43Trillion) which was the actual amount the FG lost in the fuel subsidy scam; I suppose Ribadu wouldnt be silly to deny this cos it was actually his committee's finding. This is in addition to the unappropriated $10billion (N2.1Trillion) which the FG dubiously claimed they paid for kerosene subsidy which never worked.

1 Like

Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Frankiss44(m): 12:59pm On Feb 05, 2015
sledjama:
When is NOI going to debate Soludo on ChannelsTV
We seriously need mama ngozi to come and clear her name lipsrsealed


The only debate we need is the one between GEJ and Buhari...
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Nobody: 1:00pm On Feb 05, 2015
Since ribadu joined pdp, STEALING IS NO LONGER CORRUPTION!
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by MadCow1: 1:05pm On Feb 05, 2015
nelsonoba:



Dear Madcow, I will try to explain this to you in plain HUMAN language, and also in a way that any SANE HUMAN or COW can understand;

As a country, we have an annual budget that is based on our Receivables, we budget based on money/funds we can have access to. The total money that the Government has earned from which it budgets within the past 5years is not up to N20trillion........go and refresh yourself with this fact from records.

Inside this "Less than N20trillion" over the past 5years, the federal government has disbursed money to State and local governments on a monthly basis

Inside this "Less than N20trillion" over the past 5years, the federal government has been paying federal government workers' salaries

Inside this "Less than N20trillion" over the past 5years, the federal government has carried out capital projects (Including the new trains that APC supporters pretend not to like and claim they are not as beautiful as Dubai & Mexican trains, even though Buhari couldn't even give us a single locomotive while he was in power)

Inside this "Less than N20trillion" over the past 5years, the government has funded the approved increases in minimum wage and NYSC allowances

Inside this "Less than N20trillion" over the past 5years, the government has been building Almajiri schools all over the North, reconstructing several abandoned federal roads that previous administrations left delapidated and abandoned, etc etc etc.

So my Dear Madcow, please tell me again how you or Soludo can claim the Government has Mismanaged, misappropriated or stolen N30trillion and another N8.6trillion from inside this less than N20trillion budget over 5years?

Another common sense (which doesn't seem common to some people) should make you know that The Government needs to have had access to at least N38.6trillion over the past 5years of Jonathan's administration before it could ever have the capacity/ability to STEAL, MISMANAGE or MISAPPROPRIATE that amount!!

Madcow, you cannot STEAL, MISMANAGE or MISAPPROPRIATE an amount of money you have not had access to in the first instance!!!


4 trillion Naira is a little above 20 billion dollars...

That is the money that Sanusi alleged was missing from the NNPC account.. grin

So if NNPC has 20 billion dollars to misplace, how much more is the rest of the economy generating? How much more money there that we don't hearof?

If NNPC had 4 trillion Naira, why did we go borrowing more money? grin


I am curious..
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Specialist900(m): 1:09pm On Feb 05, 2015
dammytosh:


it is 187 Billion Dollars.


Average of 46.7Billion Naira per Annum.

It is very very possible.

With the rate at which billion dollars disappear without trace. It is very possible.

The question we should ask is why both the current and ex CBN Governors made allegation of Missing Money.
46.7billion naira per annum wouldn't amount to 30trillion in 5yrs
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by dammytosh: 1:11pm On Feb 05, 2015
Specialist900:
46.7billion naira per annum wouldn't amount to 30trillion in 5yrs
I meant Billion Dollars.

i simply divided that into 4.

Thanks all the same.
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Sambally: 1:12pm On Feb 05, 2015
I am surprised the way Mallam Ribadu responded, I hope partisan politic and the quest for power have not taken away the sincerity and patriotism we know about him.. In as much as I agree with him that 30 trillion is a lot of money, at the way things went in this country in the past four years. It obviously not impossible for that amount to be considered missing or mismanaged. His using of the budget as a basis to disagree is a very poor remark for the anti corruption boss we once knew. The Maths is very simple, we didn't even need a professor to analyze, and yet someone showed the light and people who are either benefitting from wat is happening or do no want the truth told think its a mirage. Now let's take a few examples and see why this amount is not impossible and why the yearly budget shouldn't have been a standard for Mallam Ribadu's response.
1. The finance minister is the person that told us while responding to Prof. Soludo. That we lose between 400 to 500 barrels of crude per day. Now please this not minding the fact that she have been supervising the disbursement of money for amnesty and the billions paid ex militants to guide these lines. If President Obasanjo government with the militancy could produce more, why is production now less with all the billions being spent. Let even try simple Maths. Let's say in her words 400,000 barrel is missing daily, in a year that amounts to : 146,000,000 yearly and 584,000,000 in four years. Using an average of $85, that will amount to $ 49,640, 000,000. Using an average rate of 175 to a dollar. It will be about 8.7trillion. Am not sure of PRof so lido parameters but he gave us over 12trillion on that. Mind this something the minister pointed to us herself. And this shouldn't even be considering the measure they said they have put in place.
2. We have the 4.4trillion that have gone for defense in four year can Mallam Ribadu or madam minister patriotically say 60% percent of that money served its purpose.
3. We have the $20 billion Mallam Sanusi cried about, we are still waiting for the report on the audit to be made public. In naira @175 to a dollar then, this will amount to N3.5 trillion and mind u just like the first one I mentioned above this wasn'tpart of our budget.
4. We had the subsidy scam.
5. We also had the Deziani jet money scam,
6.There was the pension scam.
7. You have the foreign reserve that has dropped and excess crude account depleted.
These and many more are fact of misappropriation or stealing in some cases and these monies collective are more than our national budget for four years and only a little part of it was actually appropriated for and we all know this because it's in the public domain.
Now come to the budget itself and please tell us no monumental corruption in its execution. So 30 trillion sounds much but not impossible and even considering the fact that with the position he's held before he is privy to certain information the ordinary man on the street isn't to.
Having said all these, if you ask who my choice is, btw GEJ and GMB, in tears I will go for a GMB. I said in tears because it's a pity that we look up someone u ruled us 32year ago to come help us out. But in all honestly and sincerity of heart is a better choice. What happened to the youths of my generation. I am one of those so sure GMB cannot give us an Eldorado, intact if he happens to win the opposition will try to frustrate his effort just to prove a point. But we need that shift now.
Mr President at times display qualities that call for concern;
1. It is very bad for anyone anywhere to throw stone at MR President, it is unacceptable, but u see, the is what is called KARMA and NEMESIS. Same was done to a sitting governor in a state, bayelsa to be precise, and what would mr president do or say: he made reference to it, while endorsing another candidate and promise to even take part in such if the candidate fails him.
2. With the levity at which MR President handle corruption one is tempted to conclude he himself have compromised, so he doesn't have a voice.
3. When it comes to integrity, our President to a some extend have displayed lack of it. By going back on his word severally. A presidents word should be his bond. In developed worlds even when negotiations are in bad faith, they tell u they need the consent and assurance of the president knowing he can't go back on his word.
4. Leadership: this is another issue on its on, God bless who crafted the constitution, I wonder if we still have people like that around. It is not a perfect document, hence it is reviewed time to time. The president once spoke of even using a lot of the powers the constitution allows him, and I remember then FFK and EL Rufai saying he was right as he allows the First Lady use them for him. To powers where there for specific times and reason. There are different type of leadership style in the world: the democratic , autocratic, transactional, lasses-faire and co. All of these even with the ones you consider bad have their PROS and CONS. A good leader have a blend of all and know when to implore which for a greater benefit of his citizen while one of it is the Core. Our president always talk democracy is the reason some things go some way even though at times I disagree with him, but he doesn't seem to understand how to put a blend of these leadership style and his staff are not helping matters.
I can go on and on, but having said all these we can't say nothing has been achieved. The president has done his best but I believe it's not in him to get us far, governance is a continuos process, let someone continue from his best.

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Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by openmine(m): 1:13pm On Feb 05, 2015
himkers:
PDP led government have proved to Nigerians that nothing is impossible to do when it comes to corruption and stealing.

Instead of the former EfCC czar to compel his agency to go to work by atleast investigating the allegations, he's here spewing thrash.

Well, am not surprised at all, afterall stealing is not coruption. But Thank God they've stolen enough, come may, their stealer-in-chief will be kicked back to otueke or be kicked into kirikiri.

Sai buhari
hahahahaaha grin grin grin grin...sorry 2 say this but why are u not showing ur face nah... cheesy cheesy cheesy
if you so much want to vote for buhari den go straight to Apc.so that they can hire you as their campaign driver rather than indulge in such hypocrisy.. undecided
and sorry 2 say this,u just made a mockery of ur self 4 wat u just did.... grin grin grin
try a better way of campaigning 4 buhari... cheesy cheesy cheesy
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by Nobody: 1:15pm On Feb 05, 2015
openmine:

hahahahaaha grin grin grin grin...sorry 2 say this but why are u not showing ur face nah... cheesy cheesy cheesy
if you so much want to vote for buhari den go straight to Apc.so that they can hire you as their campaign driver rather than indulge in such hypocrisy.. undecided
and sorry 2 say this,u just made a mockery of ur self 4 wat u just did.... grin grin grin
try a better way of campaigning 4 buhari... cheesy cheesy cheesy


Swerve
Re: Alleged N30tr Missing Under Okonjo-iwela Impossible! - Ribadu. by jaybee3(m): 1:16pm On Feb 05, 2015
We are really in trouble as a nation

"Now add the ‘missing’ $20 billion from the NNPC. You promised a forensic audit report ‘soon’, and more than a year later the Report itself is still ‘missing’. This is over N4 trillion, and we don’t know how much more has ‘missed’ since Sanusi cried out. How many trillions of naira were paid for oil subsidy (unappropriated?). How many trillions (in actual fact) have been ‘lost’ through customs duty waivers over the last four years? As coordinator of the economy, can you tell Nigerians why the price of automotive gas oil (AGO), popularly called diesel, has still not come down despite the crash in global crude oil prices, and how much is being appropriated by friends in the process? Be honest: do you really know (as coordinator and minister of finance) how many trillions of Naira, self- financing government agencies earn and spend? I have a long list but let me wait for now. [size=14pt]I do not want to talk about other ‘black pots’ that impinge on national security[/size]. My estimate, Madam, is that probably more than N30 trillion has either been stolen or lost or unaccounted for or simply mismanaged under your watchful eyes in the past four years. Since you claim to be in charge, Nigerians are right to ask you to account. Think about what this amount could mean for the 112 million poor Nigerians or for our schools, hospitals, roads, etc. Soon, you will start asking the citizens to pay this or that tax, while some faceless “thieves” were pocketing over $40 million per day from oil alone."

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