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Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 - Politics (2) - Nairaland

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Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by blackpanda: 2:00pm On Apr 08, 2016
shachris02:


How much did yaradua meet, how much did he save? Remember he came into power amidst the global Economic meltdown of 2007.

Obasanjo left $40billion in our reserves. Between 2006 -2007 amidst the meltdown, yaradua saved $3billion dollars.

Please sir, how much has buhari saved amidst all his economic tightening and austerity measures?

Following your analogy, the first question u shld ask is how much did goodluck leave? Obj left for yaradua to manage the dire situation, but what of gej? if he didnt leave anything, then what do u expect buhari to save This is simple logic. You save from the excess of what u have. When there is nothing in d purse, then there's nothing to save. Meanwhile gej and his cohorts have stached trillions of nigerian money abroad.

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Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by shachris02: 2:01pm On Apr 08, 2016
blackpanda:


Following your analogy, the first question u shld ask is how much did goodluck leave? Obj left for yaradua to manage the dire situation, but what of gej? if he didnt leave anything, then what do u expect buhari to save This is simple logic. You save from the excess of what u have. When there is nothing in d purse, then there's nothing to save. Meanwhile gej and his cohorts have stached trillions of nigerian money abroad.

you are not being truthful to yourself if you say GEJ left nothing.
Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by blackpanda: 2:03pm On Apr 08, 2016
shachris02:


you are not being truthful to yourself if you say GEJ left nothing.

Speak with facts not with emotion. GEJ left us with nothing but debts. Up to the point civil servants could not be paid. Yet his friends and cronies were busy stashing billions of dollars in soak-away and off-shore accounts

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Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by shachris02: 2:34pm On Apr 08, 2016
blackpanda:


Speak with facts not with emotion. GEJ left us with nothing but debts. Up to the point civil servants could not be paid. Yet his friends and cronies were busy stashing billions of dollars in soak-away and off-shore accounts

Ex President Olusegun Obasanjo has asked President Muhammadu Buhari to stop using dwindling crude prices for lack of performance.

According to Obasanjo, he met worse when he took power in 1999, but made the best of it.

He reminded Buhari that unlike his administration that met a paltry $3.7 billion, in the coffers, Goodluck Jonathan left behind a whooping $30 billion.

He said “When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing. know the price is down now and with time, it will jump up again. What Buhari is doing currently is preparing ground for Nigeria to take advantage when it goes up again.”

Obasanjo expressed angst against those asking him to account for recovered Abacha loot, describing them as illiterates and silly people.

Obasanjo, who stated this in an interview, weekend, said the role of his office was to facilitate the recovery process and not how it was put to use.
He said: “They said the money recovered from Abacha, I should account for it. What stupidity! The man who asked for it, the man who gave the judgement or who answered them are all silly, with due respect.

“I don’t keep account, all Abacha loots were sent to Central Bank of Nigeria, CBN, and every bit of it was reported to Minister of Finance. My job was to write where we can get help to recover the money.

“Every penny that comes out of it went to CBN, so if they want to know what happened to the money, they should call CBN governor or call the Minister of Finance.

“But again, it shows ignorance, total ignorance, which is lacking and you wonder, are these people educated? They can also approach the man who helped us in recovering process to give the list of
money recovered and where he took it.
Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by shachris02: 2:35pm On Apr 08, 2016
blackpanda:


Speak with facts not with emotion. GEJ left us with nothing but debts. Up to the point civil servants could not be paid. Yet his friends and cronies were busy stashing billions of dollars in soak-away and off-shore accounts

Nigeria’s former Minister/Deputy Chairman National Planning Commission (NPC) Dr. Abubakar Olanrewaju Sulaiman, has debunked the claim by President Buhari that former president Goodluck Jonathan left for them an empty treasury. Suleiman revealed that Jonathan had on May 29 left behind the sum of US$2billion, and said that the sum would have been higher if not for governors insistence on sharing the fund. Share on Facebook Share on Twitter Muhammadu Buhari Muhammadu Buhari He criticized the general media for trying to pain Jonathan as a criminal, plunderer and looter before Nigerians. The ex ministers statement was in response to Buhari’s statement, where he was quoted to have said that his government met “virtually an empty treasury.”

Suleiman responded and called the accusation unfair, stressing that the immediate past administration “left behind close to US$30billion.” He said, “Government can’t tell us that there is no Excess Crude Account(ECA), Sovereign Wealth Fund(SWF) or are we saying the Federal Inland Revenue Service(FIR) and related agencies had not in the last one month been generating revenue? “Until they are able to prove they had no receipts from these government agencies in the last one month before Nigerians can now buy into Mr. President’s claims of an empty treasury.”

Every government, even in the so-called western world, including the US which today remains one of the largest debtor nations in the world, government operates on deficit. “Is it not on record that President Obama inherited US$3 triillion debt, a collapsed banking sector and mortgage industry,yet he never raised any alarm. None of these has happened in Nigeria under Jonathan. “Under Jonathan,Nigeria became the largest Africa economy and 26th in the world amidst deadly security challenges and dwindling international prices of oil. In spite of all these, the FG never owed salary.

“Upon inception of Jonatha’s administration, it is on record that the price of oil at the global stage was over 100 dollars per barrel and at the close of the administration, it dropped to 46dollars. Yet, there wasn’t collapse of government and federal civil servants were paid as at when due. “It will be misleading therefore for our respected President Muhammadu Buhari and indeed the ruling APC to claim to have met an empty treasury.” Buhari had claimed that the national treasury was empty when he had an interactive session with journalist earlier.

Read more: https://www.naij.com/469413-we-left-billions-in-the-treasury-ex-minister-responds-to-buharis-claim.html
Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by obailala(m): 2:42pm On Apr 08, 2016
shachris02:


you are not being truthful to yourself if you say GEJ left nothing.
WHat did GEJ leave?.... A pile of debt, lower forex reserves and lower ECA than he met?... What exactly did GEJ leave?... What kind of trolling are you up to this afternoon? angry

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Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by Jesusloveyou: 3:10pm On Apr 08, 2016
shachris02:

can you show proofs to back this up?
it is in public domain, also confirm by soludo that they save 47b in reserve and 20b in excess crude acc, and another 10b in swf acc, d good part of ur useless analysis is that with all d crises we are facing in almost a year, pmb never depleted a kobo from foreign reserve or take local and foreign loan, God bless pmb

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Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by santori: 3:49pm On Apr 08, 2016
shachris02:


How much did yaradua meet, how much did he save? Remember he came into power amidst the global Economic meltdown of 2007.

Obasanjo left $40billion in our reserves. Between 2006 -2007 amidst the meltdown, yaradua saved $3billion dollars.

Please sir, how much has buhari saved amidst all his economic tightening and austerity measures?


aaaaarrrrgghh. which part of your brain are you making use of?

2 Likes

Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by santori: 3:49pm On Apr 08, 2016
shachris02:


How much did yaradua meet, how much did he save? Remember he came into power amidst the global Economic meltdown of 2007.

Obasanjo left $40billion in our reserves. Between 2006 -2007 amidst the meltdown, yaradua saved $3billion dollars.

Please sir, how much has buhari saved amidst all his economic tightening and austerity measures?


aaaaarrrrgghh. which side of your brain are you making use of?

2 Likes

Re: Before We Forget So Soon - Crude Oil Sold For Below $30 In 2008 by blackpanda: 3:50pm On Apr 08, 2016
shachris02:


Ex President Olusegun Obasanjo has asked President Muhammadu Buhari to stop using dwindling crude prices for lack of performance.

According to Obasanjo, he met worse when he took power in 1999, but made the best of it.

He reminded Buhari that unlike his administration that met a paltry $3.7 billion, in the coffers, Goodluck Jonathan left behind a whooping $30 billion.

He said “When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing. know the price is down now and with time, it will jump up again. What Buhari is doing currently is preparing ground for Nigeria to take advantage when it goes up again.”

Obasanjo expressed angst against those asking him to account for recovered Abacha loot, describing them as illiterates and silly people.

Obasanjo, who stated this in an interview, weekend, said the role of his office was to facilitate the recovery process and not how it was put to use.
He said: “They said the money recovered from Abacha, I should account for it. What stupidity! The man who asked for it, the man who gave the judgement or who answered them are all silly, with due respect.

“I don’t keep account, all Abacha loots were sent to Central Bank of Nigeria, CBN, and every bit of it was reported to Minister of Finance. My job was to write where we can get help to recover the money.

“Every penny that comes out of it went to CBN, so if they want to know what happened to the money, they should call CBN governor or call the Minister of Finance.

“But again, it shows ignorance, total ignorance, which is lacking and you wonder, are these people educated? They can also approach the man who helped us in recovering process to give the list of
money recovered and where he took it.


Well I have to give u small credit for working very hard to dig for any defence for gej, no matter how flimsy. The sulaiman u quoted is a known thief for emptied the coffers of national planning and is currently being investigated by efcc.

Fact remains, jonathan emptied our coffers for his friends. If not for his weak and often selfish agenda we wont be battling forex scarcity just months after he left. He stole our money and dashed to his friends. Period!

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