Politics › Re: Inside The Oil Deals That Cost Nigeria Billions; Between Diezani And Others by 2baga(m): 10:12am On Jul 27, 2015 |
argon500: Despite elaborate efforts to sweep it under the carpet, facts have shown that a strategic alliance agreement between the Nigerian Petroleum Development Company (NPDC) and Atlantic Energy Drilling Concepts Nigeria Limited Limited (AEDCNL) has helped parties in the agreement to swindle the country. After wide-ranging investigations, Assistant Editor ADEKUNLE YUSUF uncovers the details of the deal that set back the country by about $2b.
It is an adventure laced with shoddiness. That perhaps is the most fitting silhouette for the Strategic Alliance Agreement (SAA) between the Nigerian Petroleum Development Company (NPDC) and Atlantic Energy Drilling Concept Nigeria Limited. From all available documentary evidence, the SAA, which paved the way for Atlantic Energy to operate some oil blocks during the administration of former President Goodluck Jonathan, has left the country short-changed of about $2billion, excluding hundreds of millions of dollars as bank loans and money owed to workers and contractors. After four years of the alliance, everything suggests that NPDC and Atlantic Energy owe Nigerians a lot of explanations regarding how some oil blocks – OMLs 26, 30, 34, 42, 60, 61, 62 and 63 – were handled between 2011 and 2014, including outright theft of proceeds from all the millions of barrels of crude oil lifted during in the four years.
A portfolio company
Like a well-choreographed movie, it all started on a measured pace. On July 19, 2010, Atlantic Energy Drilling Concept Limited (AEDCNL) was incorporated as a portfolio company. That was barely three months after Mrs Diezani Alison-Madueke, former Minister of Petroleum Resources, assumed office after her redeployment from Mines and Steel Development Ministry. Curiously, the company changed its name to Atlantic Energy Drilling Concepts Nigeria Limited (AEDCNL) on October 27, 2011. However, Atlantic Energy, even without prior record of successful experience in the oil and gas sector, announced that it had entered into a Strategic Alliance Agreement (SAA) with the Nigerian Petroleum Development Company (NPDC) in April 2011. That was exactly six months before AEDCNL was legally born. In a capsule, the company that claimed to have signed the SAA with NPDC was not legally in existence when the deal was shoddily consummated in April 2011. As unknown portfolio company, Atlantic Energy was operating from a temporary office accommodation before it opened office in 2012 at 32a Adetokunbo Ademola Street, Victoria Island, Lagos, after the NPDC fortune had smiled on it. With the NPDC contract in its kitty, Atlantic Energy embarked on a massive recruitment exercise, poaching good hands in the oil industry, which it used to actualise its planned scheme to play big in Nigeria’s highly shady oil and gas sector.
But all that never dissuaded partners in the deal from embarking on a hot business romance at the expense of the country. The SAA covered 4 Oil blocks: OML 26 – FHN; OML 30 Shoreline; OML 34 – Niger Delta Oil, and OML 42 Neconde, all sold by Shell /Agip and Total. It was obvious that the NPDC granted the SAA in absolute secrecy without following any due process as stipulated in the government procurement laws and policy. With the sale of the four oil blocks, in which the Federal Government owns 55 per cent, the National Petroleum Investment Management Services (NAPIMS), which oversees national investments in Joint Venture Companies (JVCs), Production Sharing Companies (PSCs), and Services and Services Contract Companies (SCs), transferred the ownership to NPDC as the upstream producing arm of the NNPC. Although the NPDC should have paid NAPIMS a signature bonus, no payment was made, leading to a loss of asset by the federation and loss of revenue that should have accrued to national coffers. This was confirmed by the recent PwC audit report, which audited remittances from NNPC to the Federation Account after the allegations by Sanusi Lamido Sanusi, former governor of the Central Bank of Nigeria (CBN) who is now the emir of Kano. The audit findings showed that remittances into the Federation Account were not up to date.
An unholy alliance?
The SAA is to enable Atlantic Energy provide fund and technical services and lift oil. Being a funding mechanism, the SAA is meant to enable the owner (NPDC) to accept its strategic partner (Atlantic Energy) to partake in the production sharing of the oil field at a fee called signature bonus, while the strategic partner is expected in return to fund the operations and provide technical support so that it can be reimbursed directly from the production in subsequent periods. Although a good idea that is said to be critical to the survival of the country’s oil and gas industry, the SAA was obviously not managed in the national interest, for it has helped parties in the deal to embark on a stealing spree of public fund after production liftings.
Up till now, industry watchers are still in a shock over how NPDC, which is peopled with some of the best engineers and technical experts, granted the SAA to a company that paraded no track record of requisite experience in the sector – all without following any process as stipulated in the government procurement laws and policy. Besides documentary evidence, findings within the sector showed that the deal was an unholy arrangement between Alison-Madueke, top NPDC officials and the duo of Kola Aluko, who is a known business ally of the ex-Minister, and Jide Omokore, a controversial business mogul who is a Peoples Democratic Party (PDP) stalwart, financier and kingmaker to some governors as well as many senators and members in the House of Representatives. Aluko and Mrs Alison-Madueke have denied any business ties.
NewTable New1Of the two promoters of Atlantic Energy, Omokore had no easily traceable previous experience in the oil and gas industry, while Aluko had.
However, drawing on its connections in high places, Atlantic Energy swung into plum business, having won the hearts of those at the helms of affairs – from the ministry and the Presidency. As contained in the SAA document, Atlantic Energy was supposed to pay a signature bonus of $245 million to NPDC, but it ended up paying $135 million – no thanks to legal terminology and simple mathematics that only parties in the deal could explain. The balance was remitted to the account of unknown people.
What should have gone to Nigeria Inside the raw deals
Atlantic Energy approached two Nigerian banks for loans. Going by the books of Atlantic Energy, the loans were meant for the payment of signature bonus and cash calls to NPDC. Therefore, in 2011, it took a loan of $490million, with First Bank contributing $370million and Skye Bank $120million. At the beginning of the deal, Atlantic Energy actually paid the signature bonus of $135 and cash calls of $68 to NPDC from the loan, totalling $203 million out of $490million lifeline provided by the two banks.
But another weighty, if not damning evidence that was to expose the shoddiness of the SAA came in the early life of the deal. In 2011, shortly after securing the juicy contract, it was NPDC that lifted crude oil (947,096 barrels) on behalf of Atlantic Energy and remitted $102m into the coffers of its strategic partner; instead of Atlantic Energy to lift oil and remit proceeds. Why? It was because Atlantic Energy, a mere portfolio company at the time it was handed the sweetheart contract, was still too new and untested to even secure an export permit for such a venture as at the time, thus showing the level of involvement of the top echelons of the Petroleum Ministry and NPDC officials.
A detailed scrutiny of the cash calls schedules and other papers also showed that the plundering galore continued till 2012 and 2013. For example, in 2012 alone, Atlantic Energy paid cash calls worth $168m, but lifted crude oil of about 3million barrels valued, conservatively at over $350 million. Despite the differentials in remittances, NPDC continued to look the other way as Atlantic Energy lifted about 2million barrels of crude oil in 2013, valued at about $240million, but paid cash calls of $68million. In 2014, records also revealed that Atlantic Energy paid zero cash calls and lifted about 500,000 barrels of crude oil, valued at $54 million, with all the funs siphoned abroad as payments for vendors sources say are phony.
Table2Again, the promoters incorporated the Atlantic Brass Development Company Limited on February 5, 2013. As usual, it was hurriedly granted another set of SAA. The SAA covered another set of 4 blocks: OML – 60; OML – 61; OML – 62; OML – 63. Unlike in the previous deals in 2011 and 2012, when it paid a fraction of obligatory funds, the company simply pocketed all the proceeds, paying pay no signature bonus or any cash calls at all despite lifting about 8 million barrels of crude oil, valued at $800 million at the time. Instead various amounts of money were transferred to the accounts and investment companies in UK, Dubai and Switzerland. They also opened mirror accounts of Atlantic Energy Brass in the UK and Switzerland (see the table on foreign accounts).
However, with the fall of the administration of Jonathan, the chicken seemed to have come home to roost, as the NPDC, which seemed to have condoned all the infractions of its strategic partner, has suddenly woken from slumber. In a letter from NPDC, dated May 6, Atlantic Energy was asked to pay its outstanding indebtedness OMLs 26, 30, 34, and 42, totalling $573,668,090 (five hundred and seventy three million, six hundred and sixty eight thousand, ninety dollars).
“This is to inform you that we have not yet received any payment on outstanding cash call obligations after our reconciliation sign-off, dated August 28, last year. Kindly remit the sum of $573,668,090 (five hundred and seventy three million, six hundred and sixty eight thousand, ninety dollars) only, being amount due to OMLs 26, 30, 34, and 42,” said the NPDC.
An analysis of the reconciliation sheet revealed that the $573,668,090 was just a fraction of the cash calls, as some huge returns that were yet to be subjected to technical and financials by the two parties were not included.
But the bad state of finances on OMLs 26, 30, 34, and 42 paled when compared with that on OMLs 60, 61, 62 and 63 where Atlantic Energy owes NPDC a staggering $1,250,644,474.54 (one billion, two hundred and fifty million, six hundred and forty four thousand, four hundred and seventy four dollars).
“This is to inform you that we have not yet received any payment outstanding cash call obligations after our reconciliation sign-off, dated August 28, 2014. Kindly remit the sum of $1,250,644,474.54 (one billion, two hundred and fifty million, six hundred and forty four thousand, four hundred and seventy four dollars) only, being amount due on OMLs 60, 61, 62 and 63,” the letter said.
Atlantic Energy has also defaulted on the bank loans from First Bank Plc and Skye Bank. Instead of moving the proceeds of the liftings to the two banks to repay the loans and pay the obligatory cash calls, Atlantic Energy has transferred the funds through various related party companies. As at now, the loans have not been paid while the mounting interest element is also long overdue.
In a letter from Skye Bank, dated April 10, Atlantic Energy was reminded of repayment its outstanding obligations ($39,232,428.16) on the $120 million loan facility it took from the bank.
“Kindly refer to our various correspondence and discussions regarding your outstanding obligations on the above subject facility ($120 million). This is to remind you that the total sum of $39,232,428.16 plus accrued interest is past overdue for payment on your facility,” the letter said.
The letter was signed by Tutu Alu, manager, corporate banking group, and Tosin Faniro-Dada, relationship officer, corporate banking group.
Another letter from First Bank, dated February 20, tacitly refused a request from Atlantic Energy seeking to restructure the loan facilities it has received from the bank, hinging it on some stringent conditions.
“We refer to the meeting held on 19th February 2015 and your request for a restructure of your facilities coupled with lenders’ consent to change the ownership structure of Atlantic Energy. We wish to state that, even as we are mindful of the set timeline, we are constrained to progress your request further until we receive the following documents: (1) copy of the executed NPDC/Atlantic Energy reconciliation, (2) copy of executed NPDC repayment plan, (3) addendum to the SAA, (4) NPDC consent to the restructure of the company.”
The FBN letter also included the following conditions that must be met before considering Atlantic Energy’s request: “provision of standby Letter of LC to secure crude oil liftings, and payment of all overdue obligations, coupled with the injection of $100 million to reduce exposure to lenders.”
The letter was signed by Deji Abisola, business manager, corporate banking group (energy and utilities), and Jide Ayeronwi, group head, corporate banking group, (energy and utilities).
Also, in spite of the billions of dollars it has enjoyed over the years, Atlantic Energy has not filed its accounts with the Federal Inland Revenue Service (FIRS) as stipulated by law. Using an influential lawyer, who sources said is the company’s legal backbone, Atlantic Energy has continued to hold on to the legal advice that it is not liable to tax.
In a letter from FIRS, dated February 17 , Atlantic Energy was warned of the consequences of its refusal to submit the accounts and returns within the next ten days. It was signed by the duo of Okeowo Taiwo, and Ocheja E.F., FIRS’ manager (tax) and deputy manger (tax) respectively.
It reads: “It is worrisome to note that we are yet to receive the draft accounts/returns as promised. Let me remind you that the accounts/returns are long overdue for submission. You are advised to submit the accounts/returns within 10 days from the date of receiving this letter, failing which FIRS shall enforce compliance with the relevant tax laws.”
Transfers, cash withdrawals
Sadly, a company that could not meet its financial obligations was on a spending binge, with its directors living ostentatiously (owing private jets and armoured jeeps) and transferring huge sums – sometimes in billions and millions of naira and dollars – into accounts of both local and foreign organizations. And if the local transfers raised some red flags, so were the numerous transfers of millions to foreign accounts (see a table on foreign accounts) of Expedia Marine Company Limited, Energy Property Development Ltd, Petrochemicals Offshore, SPOG Petrochemicals Limited, Premium Aviation Services Ltd, Ibalex Nigeria Limited, and numerous others, where funds were paid at different times.
Interestingly, Atlantic Energy is enmeshed in huge debts – albeit self-imposed. But it seems the embattled company is not ready to go down alone. Not only has it closed its office, it also did not pay its staff for more than one year. It has equally defaulted in the payment of workers’ pension and PAYEs, leading to a mass resignation crisis that swept the company even before it closed its shop recently. Even business partners were not left out, as Atlantic Energy, which kept booking flight tickets and enjoying services from international and reputable companies, did not meet its obligations to its numerous clients, wrecking havoc on several businesses. Now, Atlantic Energy owes NPDC about $2billion, banks $550million, workers $5million, and other vendors $20million. This explains why the banks as well as NPDC appear helpless, as Atlantic Energy is frantically looking for investors to buy the company and the massive debts to boot.
The Nation learnt that the promoters of Atlantic Energy are negotiating a soft-landing with some people that are very close to the corridors of power with a view to refunding a paltry amount. Their stratagem is to sway the new administration to avoid the “unnecessary controversies” that a probe may generate so that they can be asked to go and sin no more. As part of a grand strategy to achieve their objective, some foot soldiers have been enlisted, including some highly-placed Nigerians, to reach out to President Muhammadu Buhari to strike a deal on their behalf, fearing that any inquiry into the books of NPDC and other agencies in the highly opaque oil and gas sector will most likely unearth a can of worms. Will President Buhari, who is widely revered as an incorruptible man, allow them to walk away free after what seems like clear financial crimes against the country? Time will tell.
Source: http://saharareporters.com/2015/07/27/between-diezani-jide-omokore-and-kola-aluko-inside-oil-deals-cost-nigeria-billions
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Business › Re: Football(+ Other Sports) Betting Season 9 by 2baga(m): 8:47am On Jul 22, 2015 |
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Business › Re: Football(+ Other Sports) Betting Season 9 by 2baga(m): 7:54am On Jul 22, 2015*. Modified: 10:59am On Jul 22, 2015 |
PLEASE HELP ME OUT
In what way is this a losing ticket
What is merrybet up to
Modified: I'v just been tutored |
Sports › Re: Let's Make 10k/100k With #500/5k Within 10 Days With Sport Betting by 2baga(m): 11:40am On Jul 21, 2015 |
expert1: I hope you guys are enjoying your holiday.
Make sure you save 5k before 8/8/2015 because that 5k will turn you to a multi-millionaire next month. Watching, waiting to say i wuz ere |
Technology Market › Re: Gadgets For Sale :N19,000. price change by 2baga(m): 1:12am On Jul 14, 2015 |
Good morning, can make it to mile2 tomorrow, Let's trade, I believe it's still in good working order. If you can make it pls quote, I will be coming in from apapa wharf side and will have to get back to the office. Tnx |
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Business › Re: Football(+ Other Sports) Betting Season 9 by 2baga(m): 2:13pm On Jul 07, 2015 |
143boi: For me i usually study the game from the beginning most times, around 30mins-40mins is also a good time to place d bets, i usually do unders,at dose times u cld see a match with say 2 corners n it goes for 1.44 for under 13corners or so,i quickly stake, from experience the average corners taken in a match is 10 except in some cases,i lose some i must say but i definetly win more. I dnt knw much about sites dat give tips for corners tho,wld love to learn bout dem. @2pointsonly pls whatsapp me on 08067712810 or give me ur no. Lets take this further
2pointsonly: for me I look out for 3 things: 1) The past 'corner' records of both teams. I normally run like 3 web pages during live betting grin You can get the stats from soccerway or anyone You know.
2)The time. The current time of play is also important. The shorter the better, so I like waiting till half-time, or close to half-time.
And 3)The live stats. This is where You use Your head. Bet365 will provide You with all the stats, from number of dangerous attacks, to number of normal attacks, with this You should be able to gauge how the game looks like.
That's all I use for now, still learning doe... Na 2day I start work cheesy What a joy learning from the master of da game |
Family › Re: Very Important Notice For Parents!!! by 2baga(m): 8:19am On Jul 02, 2015 |
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Business › Re: Football(+ Other Sports) Betting Season 9 by 2baga(m): 5:55pm On Jun 29, 2015 |
drmikeadams: Trampers vs gnistan over 2.5,,, hmmm on point |
Satellite TV Technology › Re: Free To Air Satellite Tv General Thread by 2baga(m): 5:11pm On Jun 26, 2015 |
HIGHESTPOPORI: For d 90cm dish,will d Irip signal be stable? if you can eliminate interference, solid objects, trees, walls etc you should be able to get stable signal |
Education › Re: Nigerian Breaks Academic Record At University Of Manchester!!! Photos by 2baga(m): 4:37pm On Jun 26, 2015 |
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Education › Re: A Nigerian With Three First Class degrees by 2baga(m): 12:43pm On Jun 25, 2015 |
J3da: We present you…Triple Threat Onoriode Aziza!
The star of today’s show is deserving of all the celebration we can muster because he has distinguished himself on three different levels of academic pursuit. Graduating from the Obafemi Awolowo University, Ile-Ife , with a first class degree, he went on to achieve the same feat at the Nigerian Law School. In June 2015, Onoriode Reginald Aziza graduated from the Cambridge University with another first class degree.
Onoriode’s father is a retired civil servant, and his mother is a professor at the Delta State University. Talking about his parents, he says that his father counselled consistent hard work.
We love the raw honesty and brilliance of Onoriode’s story! “Although I had a penchant for childish excesses, good parental discipline and support from my siblings led me in the right path, and into starting my schooling at a tender age. I believe this gave me a spirit of extreme determination, a trait I believe, is my most distinct feature.“
Onoriode’s graduation ceremony from Cambridge University is on the 27th of June, but we couldn’t wait to get the photos. We will update this post as soon as we receive them.
But, when you read the story, you’ll know why our excitement knows no bounds.
I Was Never a Genius
After strenuous struggles at the prestigious Kings College Lagos, I was admitted to study law in Obafemi Awolowo University at 15. Young, naïve and free-spirited, I took up the challenge of studying law – and a daunting challenge it was! My initial years were rough. I initially had a writing style used across all examinations, but wildly fluctuating grades quickly taught me to pick courses only after careful enquiry, and tailor examination answers to the tastes of the particular lecturers. After initial skirmishes with unpleasant grades, I later became consistent and my CGPA hovered around a 4.4 from the second semester of my third year until my very last result. The fact that I am the only first class graduate of the Faculty of Law in the last four years confirms the difficulty of the task.
The Daunting Feat of Law School
Proceeding to the Nigerian Law School at 20 presented even more challenges: I was forced to compete with my colleagues in the Yenagoa Campus and with the five other campuses of the Law School system; I was exposed to seminar-styled lectures sometimes running into six hours in length with only a thirty minute break, as opposed to the maximum of two-hours I was accustomed to in the university; I was compelled to challenge myself on a national scale against the best and brightest of students around Nigeria; and I was constantly reminded that as the best graduating law student from OAU, I had to replicate this excellence on a national scale. I had the benefit of fantastic lecturers at the Yenagoa Campus of the Law School who showed me the nuances of the system and how to make the most of it. After ceaseless hours of working through the year and during the externship programs, I sat the bar examinations and made my 2nd first-class and finished as the second best in Nigeria.
I recall joking with my friends that whilst I do not have the dexterity of Lionel Messi or Cristiano Ronaldo on a football pitch, I may have the ability to score a hat-trick of first-class results. The Faculty of Law, University of Cambridge was the venue, the flagship Masters of Corporate Law (MCL) Degree was the target and I prepared myself for an epic battle of intellect.
Challenges!
Funding a Masters in Cambridge is a big issue. Prior to resumption, and facing the prospects of having my admission revoked, I wrote ceaselessly to prominent Nigerians, Senior Advocates, Governors, Ministers and Governments, requesting funds and promising to be bonded in service to them or to the country upon my return if granted the funds. As expected, my entreaties were met with a mixture of deafening silence and tenuous, pontifical excuses. Thankfully, I finally secured a scholarship just in time to commence the program.
Cambridge and the MCL brought competing to an entirely new level. The minimum eligibility requirement to take the MCL was a first class in the university, and the course admits a maximum of 25 students in the world. With an eventual cohort of 23 students spread through 16 countries and all continents, including students who had concluded doctoral programs, and students working in the Central Banks and Securities Commissions of their home countries, I had no doubt that around and beside me were some of the best and brightest brains in their respective countries. The prospect of learning with and competing against them was scary and refreshing in equal measure. Whilst realism told me it would be difficult, optimism told me it is possible.
Lionel Messi of Academic Excellence! Hello Hat-trick
From my first breath in Cambridge on September 29th 2014 to my final examination on June 5th 2015, I was motivated by a single goal: ensure the world knows that the best students in Nigeria can compete with, and excel against the best students in the world. I had no precedents to work with as none of my friends who had finished from Cambridge before me made a first-class. Fortunately, I was classmates with an amazing senior colleague of mine from OAU (who like me, also made the first class in Cambridge). His presence gave me a compass with which to navigate the academic seas of Cambridge amidst the tumultuous waves of a crashing Naira exchange rate, without sinking my boat.
Whilst ensuring a realistic sense of what was important, I ensured I made the most of Cambridge. I traveled, met new people, explored and experimented (sometimes determining not to eat the cuisine of one country more than once in a particular week)! I secured vacation placements with law-firms in London, attended balls, garden parties and formal dinners, undertook a pro-bono project with the Law Faculty, served food to the homeless on the streets of Cambridge, and locked myself in the library when needed. At the end of the second term, of my 4 courses, I had secured 3 first class results and 1 first class with distinction. Mathematically, even with a term left, the deal had been done, and nothing but an absolute shipwreck in my final term could deny me the hat-trick. The final term went just as well as the previous terms and finally, the results were officially released: I had my 3rd first-class in the bag, and I was just 23! The 1st first-class felt good, the 2nd first class felt great; the 3rd was outright emotional: saying I was on the Mt. Everest of ecstasy does not do justice to the feeling!
Keep Raising the Bar
Borrowing from the wisdom of an old English judge, it appears that those with a taste for fairytales seem to think that in some Aladdin’s cave, there is hidden a virtue variously called ‘natural talent’ or ‘genius’ and something in the art of reproduction confers it on some children and not on others, which makes them excel better than others. Whilst I cannot attest to the truthfulness of this claim in other disciplines, I know it is non-existent in law. I can attest to the fact that I was born with no knowledge of commercial law, civil litigation, or competition law: knowledge of the law resides in the pages of books. I thus believe, as did Justice Melville Fuller of the US Supreme Court, that “the world furnishes many examples of the superiority of the truly earnest and laborious mind over the merely intellectual.” Academic excellence therefore does not reside in in-born gifts but in unrepentant effort. Irrespective of your circumstances, I urge you to set the goal, raise the bar, and pursue. Dreams are neither too big nor goals too high, but minds are either too small to conceive them or arms too short to achieve them. Yes, you can!
Source: http://www.bellanaija.com/2015/06/24/bellanaija-celebrates-academic-excellence-onoriode-reginald-aziza/ [size=14pt] Greatest IFE !!![/size] |
Politics › Re: Jumbo Pay: Emeka Anyaoku’s ‘atomic Bomb’ by 2baga(m): 8:36am On Jun 25, 2015 |
gratiaeo: IT was President Barack Obama of the United states of America, who in his usual profound sense of oratory and appreciation of humanity and governance, stated in Ghana, in 1999 that: “History is not just made because we are powerful, financially rich and brute but for the change we bring to the well being of our community and society at large.
We don’t need powerful individuals but powerful institutions’’. On the eve of the inauguration of President Muhammadu Buhari, a gala night was organised in his honour by the then outgoing President Goodluck Jonathan at the State House, Abuja.
Chief Emeka Anyaoku, the experienced former Secretary General of the Commonwealth of Nations, was at his best. All the words in his speech were stylishly pronounced.
He was very audible. He eulogised to the extreme, the former President for that singular show of sportsmanship and love for his country, by congratulating his opponent, even before the result was announced. He also profusely congratulated President Buhari for his election and his tenacity in trying repeatedly over the years, to be President of the Federal Republic of Nigeria, until success smiled at him.
Then Anyoku spoke glowingly about Nigeria, his land of birth, on her many achievements and myriad of challenges. He delivered his words diplomatically but with every punch he could muster.
He spoke about the new mantra – corruption – at every facet of our political life and how the world sees Nigeria. He talked about his country where power is a big headache.
He told the world that even at that, Nigeria ‘prides’ herself as having the highest paid lawmakers in the world. And that means that the Nigerian lawmaker earns more than his counterpart in the United States, China, Britain, Japan, Canada et al? In these countries, their light will hardly blink. In these countries, monthly statistical information about number of jobs created is a serious campaign issue.
You hear about ‘Obamanomics’, ‘Romnomics’. We will soon hear about ‘Clintonomics’ and ‘Bushnomics’ towards 2016 polls in the United States. Serious debates as to how best to better the lot of the common man are commonplace.
So what is special about Nigeria and her lawmakers? Do Nigerian lawmakers hold their plenaries in the moon? When Anyoku dropped his ‘bomb,’ I saw our leaders turning their heads left and right, and talking to themselves. They seemed to be saying, “This is not the place and time for this kind of comments, and whoever recommended that Anyaoku should give the keynote address this evening, did a bad job. He must be mischievous.’’
Surely, it was a hit at their conscience. It was a hit at their innermost recesses. They were visibly embarrassed. But there are some lawmakers with good conscience who will be willing to support President Buhari if he summons the political courage to address this outrageous package for the National Assembly (NASS) people.
These selfless ones must be worried about the quantum of the nation’s resources they cart away in the name of salaries and allowances in a country, where millions of young graduates roam the streets, clutching their A4 envelopes and files containing their credentials and searching for non-available jobs; where state governments are unable to pay salaries and some very proud to say they are owing just for few months; where for eight years the road connecting my great community in a capital territory, to the state capital, a distance of less than five kilometres, remains perpetually under construction and laneless to date; where getting electricity remains a luxury; where three square meals remain a mirage for many Nigerians; And where fuel scarcity in a land of plenty of oil bites relentlessly.
But that is about good conscience and those who have it. That is about selflessness. That is about service to one’s country. That is a fine attitude towards this journey of life and its transience – driven by a good sense of humanity.
But it does appear that in our country, good conscience is rare among politicians. They think more about themselves. They think about being “powerful individuals’’ and not about having “powerful institutions’’, to borrow Obama’s words.
And that is why some are ready to do just anything to get to that height – including visiting Okija Shrine in Anambra State. Politics is business, some have said. And so election is war.
Some kill. Some maim. Excess here and nothing at all there. And they don’t care a hoot about that. What to do? When one reads that the salary and allowances of the average senator are N240m and that of his counterpart in the House of Representatives is N204m, the heart bleeds.
For doing what? For inventing what? When did law-making become rocket science? And even if it is, so what? Believe you me, there are more than 10 million Nigerians, to be modest, who can do that job.
And that is for a fact. Nigeria has great talents, great scholars and great minds who can do that job for a third of that sum. And we are all complacent? We are all watching and complaining in the comfort of our homes that the nation’s source of income has plummeted?
We are all watching and crying to high heavens that oil price has dropped and still dropping dreadfully and worrisomely?
Why must we watch helplessly, as senior citizens who have served this nation in their prime, cry out for their monthly peanuts in the name of pension? In some climes, the uncompromised human right activists, the labour unions, the religious and public-spirited individuals will speak out and even lead peaceful demonstrations to send a message to the NASS people that this is unacceptable.
President Buhari has an opportunity to make history in this regard. He should not be scared of stepping on seemingly powerful toes. Buhari remaining in office does not necessarily reside in the NASS. His fate is in the hands of Nigerians who elected him. That also applies to the lawmakers themselves.
Buhari is rendered almost impotent because he has fast-dwindling source of funds to operate with. And yet the Naira is flying in the air, everywhere in the National Assembly.
The President, should as a matter of serious national interest, employ all known political and administrative wizardry to save some money from the jumbo pay of the NASS members.
He must continue to ‘belong to everybody’ and ‘belong to nobody’’, to use his lines. He must appeal to them to imbibe the sense of sacrifice. Anyaoku has passed the ball to him. Buhari has an open net before him. His is to score the goal. And now, is the time. Nigeria needs powerful institutions. Not powerful individuals. •Asianah wrote from Port Harcourt. http://www.ngrguardiannews.com/2015/06/jumbo-pay-emeka-anyaokus-atomic-bomb/ If the true CHANGE that we voted for will be allowed to manifest, Nigeria has more than enough to take good care of all her citizens (real) needs. Unfortunately GREED like the Grave cannot be satisfied always calling for more |
Satellite TV Technology › Re: Free To Air Satellite Tv General Thread by 2baga(m): 7:39am On Jun 24, 2015 |
omokoaustine: For those who are expectin to use 90cm for irib , conical scalar is 3k and dish is 4k put together 7k why not add little change and buy 1.3m dat will give u d best I do believe space will be a good factor to consider in opting for 90cm dish as against 1.3 or 1. 8m dish |
Romance › Re: Should She Tell Her Fiance About Her Sex Video by 2baga(m): 7:19am On Jun 24, 2015 |
Shagati: He has a wife and kids in the US? Very good.
-Source out his family via the internet; Facebook. Twitter. Instagram (get pictures) -Get as much details as you can about him. Home Address, office, church, favourite bar, strip joint etc. -Save all the chats between yourselves. (Screenshots) -Show him all the evidence you have of his cosy little life and tell him if he as much as sends you a message again you will make his life a living hell and destroy any fvcking Utopia he thinks he has.
I can provide the above service free of charge to you
#DamnIhateblackmailers!!! Bros una don provoke  |
Politics › Re: These Are The People Who Need Wardrobe Allowance Not Our Senators (pic) by 2baga(m): 7:13am On Jun 24, 2015 |
obontami: Obasanjo cleared our debts, yaradua left about 60 billions in our foreign reserves, our economy was stable then ,naira was 100 to 1 dollar. shoeless jonathan came, guess what? corrupion is not stealing, boko haram and bomblast every where, insecurity oil theft continued,lack of respect for democracy and public institutions became perversed, army became partisan, 230 naira to 1dollar, foreign reserves depreciated, left a debt of 7 triillion. jonathan and his cohorts of crimals destroy everything. Yet some babaric uncivilsed religious bigots and tribal idiots are supporting Gej and his acomplices because he is from thier region not minding the atrocities that he had committed. These brainless bigots have to be eliminated so as to aviod their canserous ideology from spread among nigerians. Jonathan destroyed nigeria .Buhari is not a magician ,lets give Buhari time to fix our dear country. You know you paint a real dismal picture of the country's economic growth since 1999. Sadly it's true |
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Satellite TV Technology › Re: All about IKS Decoders(Qsat, Speed HD, Azsky)POWERVU BIS & IPTV boxes by 2baga(m): 5:49pm On Jun 22, 2015 |
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Business › Re: Fraudster Dupes Girl Of N14,000 Inside Gtbank Lagos (photo) by 2baga(m): 8:00am On Jun 19, 2015 |
Yustash001: Sorry to say....the lady is dumb....why will she allow the man to disappear just like that.... joedsuperstar: This event has been trending since last year... Happened in my area... First bank precisely. You heard ? Olamide dance competition... Ff link... http://www.naijakoko.com/2015/06/olamide-announces-shakitibobo-dance.html When I first saw the headline I thought it was friend's incident but on reading through I discovered it's the same MO on a completely different case. My friend sent the office assistant to bank with the sum of #14k only for the young girl to be swindled in the same manner..... What a world we live in. Even though the bank's cctv footage could pick the face of the perpetrator he was long gone and the best the bank could do was.... Zilch Nada |
Celebrities › Re: Chika Ike And Mum On Vacation In Dubai (photos) by 2baga(m): 12:57pm On Jun 17, 2015 |
HachinMastor: we'll keep on winning hoping to continue our good line of business if you are a high staker and you are interested in my Authentic fixed games call me for subscription details 08102446736 or message me on fb > https://facebook.com/lewis.peteroz Lewis Peteroz you still persist in this your dirty game of scamming via football bets..... You and your generation will reap IN FULL the seeds of iniquity you have sown |
Technology Market › Re: NAIRALAND MOBILE HQ[Android Authority] 3GB RAM PHONES*TABLETS*SMARTWATCH* inside by 2baga(m): 1:32pm On Jun 16, 2015 |
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Family › Re: How Can One Cope Wit A Lazy Wife? by 2baga(m): 7:51am On Jun 16, 2015 |
extremelygolden: Well, my paternal uncle married the same type of a woman but by the time he was through with her, she sat up on her own. She just couldn't do anything only to eat and gossip. She had house helps at her beck and call. To even keep neat her home was wahala. She couldn't even tend to her baby. She learnt hairdressing, fashion design, all sorts, yet she wasn't able to manage any business. One day, my uncle got fed up, told her he was travelling and with the pretense that he forgot something at home drove in with a very beautiful lady and made sure his wife saw her. We later learnt it was all facade because he never travelled and the lady in his car was his friend's wife whom my aunt never met before then. It was his friend that asked my uncle to go along with his wife to pretend as if they were travelling together as a couple. My uncle eventually spent 3days in his friends house. By the time he presumably came back from his journey, at two weeks interval he'll tell his wife he was embarking on another journey, his friends will still keep him at their homes. When his wife couldn't bear it anymore, she has to run to her husband's friends to tell them that she didn't know why her husband travels frequently these days.
Anyway, that solved the problem of her laziness. She now has a shop where she sells ankara. Surprisingly, my aunt now cooks and sweeps. She changed positively now. And the good thing is that in all of these, my uncle said he never cheated on her. Maybe you should try something similar. Per adventure she too might change. Coded guy, I'm happy he was able to resolve his home maturely |
Sports › Re: Free Football Bet Tips For Everyone by 2baga(m): 3:14pm On Jun 15, 2015 |
joearinze: game of the day
time - 20:30
Montenegro U21 - Moldova U21
BET = x # ODDS= 3.57
#
STAKE = #5,000
90% SURE I really dont think so...and your track record shows more of guesswork than real punting |
Sports › Re: Free Football Bet Tips For Everyone by 2baga(m): 3:13pm On Jun 15, 2015 |
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Satellite TV Technology › Re: Free To Air Satellite Tv General Thread by 2baga(m): 7:12am On Jun 15, 2015 |
HIGHESTPOPORI: Now I know the Value of my 4940HD decoder,finally gotten d smart card,all d MBC channels,my favourite Channelstv,NTA,Silverbird,AIT,FoxSports and Waptv are now open for free,even without subscription! Mbc things on my mind.... |
Politics › Re: Biography Of Sir Onowu Emeka Anyasodike by 2baga(m): 7:43am On Jun 12, 2015 |
natas22: My life a million times better than yours.
www. Soga, na you be that? |
Phones › Re: Infinix Hot Note Pro by 2baga(m): 1:34pm On Jun 08, 2015 |
Carlcaresophia: Hi! Following pls find the contact information of our service centers in Lagos: No.77, Opebi Road, Ikeja , Lagos State , Nigeria " +234 01460619/80022752273" Digital Square,2nd Floor,No.20,Obafemi Awolowo Way, Ikeja, Lagos State, Nigeria + 234 9036003533 NO 55,Kofo Abayomi Avenue Apapa,Lagos +2348091339530 Thank you! Please what are the working hours  ? |
Phones › Re: Infinix Hot Note Pro by 2baga(m): 1:21pm On Jun 08, 2015 |
BluePearls: I think I agree with you. The speaker of the ear-piece is really poor. I'm using the hot note pro and I noticed the voice is hollow and lacked any bass like you said..now this is only thing I hate about this phone. BluePearls.... you have the hot note Pro already...  |