ogwuche4u:

like I said Bros, due process must be followed. the juries must be convinced beyond all reasonable doubt that they are guilty as charged before sentencing will come in. their court proceedings is still ongoing. some like metuh are forming sick trying to evade justice but they will surely be sentenced. and talking about the looted funds, Bros if you have idea of where they are been kept, why not say it?

The juries
Broz we re in nigeria not america.

On the recovered loot, if any, buhari said he would address that come 29th.

ogwuche4u:

like I said Bros, due process must be followed. the juries must be convinced beyond all reasonable doubt that they are guilty as charged before sentencing will come in. their court proceedings is still ongoing. some like metuh are forming sick trying to evade justice but they will surely be sentenced. and talking about the looted funds, Bros if you have idea of where they are been kept, why not say it?

I know where buahari, amaechi, obj, tinubu, fayemi, oshibande and el rufai are keeping their own and I have alerted the relevant authorities but they merely turned my letter to toilet tissue.

And here we go again!!!!!

OneManLegion:


How do you define strangulation?

Things are hard, and the presidency has made a couple of ill-advised decisions/policies, but it would be a great injustice to say that the government is strangling the economy.

Nigeria operates a monolithic economy, this is not Buharis's fault.

Nigeria's foreign reserves are largely depleted, this is not Buhari's fault.

Nigeria loses between 600,000 and 800,000 barrels of oil daily to pipeline vandals, this is not Buhari's fault (he's taking actions to secure our pipelines)

Nigeria's funds have been mercilessly looted by corrupt political office holders which has seriously compromised not just our security but our infrastructure and others, this is not Buhari's fault.





So, I ask again, how is the government strangling the economy?

Thank God you mentioned ill advised decisions.Coupled to the other points you stated.I suggest he declares a state of emergency on the economy.

APC and propaganda

talktonase:
Thank God you mentioned ill advised decisions.Coupled to the other points you stated.I suggest he declares a state of emergency on the economy.

The effect of which would be?

It would only serve to create chaos in our finances which may scare away investors and crash our stocks which would in turn lead to massive job loss which would in turn worsen our economy.

So, what purpose would such a declaration have on the financial well-being of the state?

OneManLegion:



on the financial well-being of the state?

ill advised decisions has caused investors to leave the country,stock market capitalization has dropped from 12trillion in Jan 2015 to 9trillion in february 2016,many companies have folded up and we have almost 2million unemployed graduates on the streets.The unstable state of the economy has further driven foreign investors due to insecurity...This government has not shown that it has any viable policy thrust.

https://www.youtube.com/watch?v=FOBLfA4-xOo

[size=14pt]Fresh NEITI report says NNPC failed to remit $3.8bn, N358.3bn in 2013[/size]

A sum of $3.8billion and N358.3billion oil revenues that should have gone to Federation in 2013 was not remitted by the Nigerian National Petroleum Corporation (NNPC) and its sub-units, the Nigeria Extractive Industries and Transparency Initiative (NEITI) has said in a latest report. The report, which covered activities of the oil and gas and mining sectors in 2013, was unveiled by the Chairman of NEITI, Kayode Fayemi on Monday in Abuja.

Aside the outstanding revenues from NNPC, Fayemi said, citing the report, that the sums of $5.966billion and N20.4billion revenues were denied the federation due to crude oil swaps and crude theft. Highlights of the report added that the sum of $599.8million was also lost as a result of under-payments of petroleum profit taxes and royalties by oil and gas companies.

The audit also revealed that the Nigeria Liquefied Natural gas (NLNG) paid the sum of $1.289 billion as dividends, interest and loan repayment for 2013. However, while NNPC acknowledged receipt of the amount, it did not remit the money to either the federal government or the Federation. The amount brings to a total of $12.9 billion the total NLNG payments received by NNPC between 2005 and 2013 but not remitted by NNPC to the federal government, the report showed.

NLNG is a joint venture project owned by four shareholders namely, the Federal Government of Nigeria, represented by the NNPC which has a 49 per cent stake, Shell Gas BV, SGBV, 25.6 per cent; Total LNG Nigeria Limited, 15 per cent; and Eni International (N.A,) N.V. S. A, 10.4 per cent.