I know that the result will not come because the mouth can not bite the hand that is feeding him.

@ Topic,

I believe the result of the findings will be in favour of OBJ.

The final report is not going to be far fetched. OBJ is EFCC, and EFCC is OBJ, EFCC boss is OBJ's MAN!

I just hope he will be probed, but that would be after his term. That would make process a success but still is not going to be just that way success althrough, even when we have his babies everywhere, every point of the government.

The end is near and i am craving it!!!

Yes,i am probing OBJ.what next?

Death to Corrupt Nigerian Politicians

Obasanjo has got nothing to worry about

Daz rite, keep sipping ya champagne OBJ, I'll join you soon

i dont it possible a son can not send his father packing

dont be dismayed,those guys out there are only fooling us,na only mouth nothing dey happen to my name sake (uncle sege)

well i read this today on Vanguard :

Obasanjo not corrupt — Ribadu * Identifies ‘pillars of corruption’

By Emmanuel Aziken
Posted to the Web: Monday, February 26, 2007

ABUJA — CHAIRMAN of the Economic and Financial Crimes Commission (EFCC), Mallam Nuhu Ribadu, has given President Olusegun Obasanjo a clean bill of health, and traced recent negative publicity on the EFCC’s activities to a few individuals he termed “the pillars of corruption” in the country.

In an interview with newsmen, weekend, Mallam Ribadu linked the “pillars of corruption” to the publication and circulation of a false list of indicted political office candidates which he said was meant to create confusion in the polity.

While he confirmed Senators Mukhtar Aruwa and Usman Albashir to be on the list of indicted candidates, he said neither Senators Victor Ndoma-Egba nor Ike Ekweremadu was on the list he compiled. He linked their inclusion in some publications to the “pillars of corruption” who, according to him, are bent on pulling down the country with themselves.

The EFCC boss also said the commission was now prosecuting at least 15 state governors on various charges of misconduct even as he vowed that the battle against corruption would not be sacrificed for the pleasure of a few people he said had held the country hostage.

On the status of investigations into allegations raised by Governor Orji Kalu against President Obasanjo and the President’s depth of involvement in the Petroleum Technology Development Fund (PTDF) saga, he expressed reservations on the commitment of Governor Kalu to the anti-corruption crusade. According to him, the governor repeatedly ignored the EFCC’s entreaties to help the commission’s investigations on the allegations against the President.

On the President’s involvement in the PTDF saga, he said: “From our own findings, we never saw a single occasion, one single instance where Obasanjo sat with anybody to transact business involving PTDF money. We never saw where Obasanjo gave money to a bank through PTDF. Never! We never saw Obasanjo directing any officer in the PTDF to do this or to do that. We never saw Obasanjo sitting with businessmen to transact business involving money of PTDF. We did not see one single evidence where money coming from PTDF entered into his own account and you do not expect me that simply because people are aggrieved with the investigations going on, go about saying that Obasanjo took 10 billion dollars, a hundred million this, everyday you see different figures but on the face of it… You can say anything.

“We did the investigation, we saw who was running the PTDF, we saw who was giving the instructions, we saw for example who sat with bank executives, we saw when the money went into PTDF where it went in a verifiable manner with the cheques, with the bank tellers and I can assure you we did not see Obasanjo’s name there and if it is not there nobody can manufacture it."

On the circumstances that led to the circulation of different lists of indicted political office candidates, he said: “We never sent any list to the media, almost all that appeared in the print media were not from us, they were fabrications, they were forgeries, they were made by people who want to continue to confuse everybody and so many of the names you saw there were never part of those that we mentioned as indicted or corrupt people.

“So, it is part of the problem that we are complaining of in Nigeria. Whatever you try to do, bad people are out there to destroy it, to manipulate it, to change it, to doctor it themselves. It was not government that doctored it, it is actually those with interest, those who believe that this work has to stop, cause confusion in the process, confuse innocent Nigerians, deceive and thereby, at the end of the day come out on top of it.”

On the allegation that four Senators were originally listed on his list of indicted candidates, he said: “I believe for example that two out of the four you mentioned were there, Aruwa and Albashir. Definitely Ndoma-Egba is not on that list. Victor’s (Ndoma-Egba) name is part of the mischief that we are complaining of. Yes, I can also authoritatively say that Senator Ekweremadu was not on the list of those indicted.”

He again blamed the “pillars of corruption” for the mix-up. “I am suspecting the politicians we are fighting. I am suspecting those who I consider and call pillars of evil in our country, pillars of corruption in our country today and they are very few people and they are the ones who are responsible for what is going on. They are the ones who are distorting things. They are the ones responsible for overheating the system today and raising the tension of everything. They are the ones who are threatened. They are the ones who for the first time are being asked to account for their own bad behaviour and misdeeds.”

Justifying his compilation of a list of indicted candidates for the presidency and the political parties, he said: “It is the Constitution of Nigeria that says so. The Constitution says that if you indict a person for fraud or embezzlement. Indict, not conviction, and I have seen a lot of misunderstanding and confusion on this. There is a big difference between conviction and indictment. Conviction is done by the court, indictment is done by law enforcement agencies. Indictment means to accuse, to establish a case against a person.

“The Constitution gives us power to indict but the Constitution says indictment cannot stand unless it is accepted by government and that is exactly what we did. After submitting to the government of Nigeria, the government is at liberty to accept it or reject. By giving government to accept, invariably there is a power to even reject and that is exactly what happened. Nobody seems to really go into the details of what the law says.”

Asked on the action taken against the governors he listed as culpable of corrupt deeds before the Senate last year, he said: “Already we have charged about 15 or so cases."


SO GUYS WHAT DO YOU NOW THINK hmmm Niger !!!

@ temi T
I know that the result will not come because the mouth can not bite the hand that is feeding him.

you have said it all

i believe d man is doin a good job jst 5yrs ago there was no such thing (efcc)in d country we shd all tryn help out anyway we can


jst my tots

This is from the AP News (American)

VP Atiku siphoned and diverted over US$100 million public funds - Senate calls for prosecution

Written by The Associated Press
Tuesday, 27 February 2007
Nigeria Senate panel finds VP siphoned public funds, calls for prosecution

The Associated Press
Tuesday, February 27, 2007
ABUJA, Nigeria: A Senate panel ruled Tuesday that Nigeria's vice president improperly diverted over US$100 million in public funds to private interests, and recommended prosecution that could end his presidential campaign.

The Senate, which is controlled by President Olusegun Obasanjo's ruling party, launched the investigation last year after Obasanjo forwarded it charges made by Nigeria's anti-graft body against Atiku Abubakar, a one-time Obasanjo political ally who fell out of favor with his boss.

In a report presented to the full Senate, the investigating panel said it agreed with the findings that Abubakar helped divert US$145 million from Nigeria government coffers to banks, where some of the money was "fraudulently converted as loans" for three companies connected to Abubakar.

The report called for Abubakar's prosecution. While in office, Abubakar is protected from criminal indictment. A Senate impeachment, however, would strip him of his protection and disqualify him from April presidential elections. He could also then be charged with crimes.

Abubakar's campaign rejected the findings, saying "the legislative body should not allow its name to be dragged into the mud by a few members who may be pursuing their own hidden agenda."

It said in a statement that Abubakar's actions were proper, with the funds originating in a fund specifically designed for investments in the private sector.

The campaign said a top government accountant ruled that the banks were investment grade and that Abubakar delivered double-digit returns on the government's money.

"We therefore call on the entire Senate to look at the report of the committee objectively and reject it if found to be shoddy, as a way of redeeming the image of the upper legislative chamber," it said.

Senate President Ken Nnamani said the report was to be debated by lawmakers on Wednesday.

Abubakar fell out with Obasanjo last year after helping stop a drive by Obasanjo supporters to amend Nigeria's constitution and allow Obasanjo another presidential term. Abubakar has in the past dismissed the allegations as part of a plot to keep him from running for Nigeria's top office. Abubakar's office could not immediately be reached for comment.

The Senate upheld the anti-corruption groups findings that US$6 million out of the diverted funds allegedly went to iGate, a Louisville, Kentucky-based communications firm that tried to do business in Nigeria in 2004.

U.S. Rep. William Jefferson, a Louisiana Democrat, has been under investigation in the U.S. since March 2005 for allegedly using his position to help iGate - which sought contracts with Nigeria and other African nations - and taking bribes in return. The FBI said it found US$90,000 stashed in a freezer in his home.

The FBI last year raided Abubakar's Potomac, Maryland home as part of the investigation.

Oil-rich Nigeria is regularly ranked among the most corrupt countries in the world by Berlin-based corruption watchdog, Transparency International. April elections, which would allow for Nigeria's first-ever transfer of power from one elected leader to another, are meant to cement civilian rule in the coup-prone nation.

I didnt expect anything different. Ribadu was doing a good jod until he allowed himself to be used as a tool. what makes you think the whole "investigation" thing wasnt a camouflage?

Hi nairalander, there is something most of us fail to notice. any strong man of PDP close to obasanjo can never be seen as currupt by efcc e.g bode goerge, andy Uba etc but any strong enemy ofMr president who poses treat to PDP victory must be very corrupt. e.g Ngige. Obasanjo claimed to have only 20,000 Naira when he came from prison and then ota farm was down. now he is a multi millionaire. yet he is never seen as currupt by efcc. there is a man Called fasawe in ondo state, when he was with Mr president, he was not seen as currupt but now he is not in PDP any longer and suddenly efcc noticed that he as been looting govt fund. how I wish we no that it is more than we can see on the surface.

Do you want Ribadu to loose is Job?lets just watch and see what will be the reciprocal of the statement he made.Obj is not corrupt.

all nigeria politician are pretender and joker master, infact they don't know themselves. shame on them all

SO WHERE DOES THE SENATE STAND

PTDF: Senate C’ttee Indicts Atiku, Carpets Obasanjo
• Recommends prosecution of Fasawe, others
From Sufuyan Ojeifo in Abuja, 02.28.2007


The Senate Ad-Hoc Committee on Petroleum Technology Development Fund (PTDF) and other Related Matters or Organisations has indicted Vice President Atiku Abubakar of certain wrong doings in the affairs of the agency.
But the committee fell short of indicting President Olus-egun Obasanjo after concluding that he and the Federal Executive Council acted in disregard of the law establishing the PTDF in the approval of, and payments for, certain projects.
In the report of the Committee laid on the table of the Senate yesterday by its Chairman, Senator Victor Ndoma-Egba (SAN), Obasanjo was said to have acted in disregard of Section 2 of the PTDF Act by giving anticipatory approval to some projects commenced by the PTDF last year, which the Federal Executive Council (FEC) later ratified.
The report, which will be debated by the Senate in plenary today, said Atiku abused his office by aiding and abetting the diversion of public funds in the sums of $125 million and $20 million and further stated that he should be sanctioned for any offences disclosed.
The report also indicted Atiku’s friend, Otunba Johnson Fasawe, Ahmed Vanderpuye, former PTDF Executive Secretaries, Hamisu Abubakar, Husseini Jalo and Adamu Maina Waziri of different acts and recommended that they make appropriate refunds to the agency’s coffers in addition to prosecution in some cases.
Senate President, Senator Ken Nnamani, said he would initial the 75-page report before it would be circulated to each Senator ahead of today’s debate in order to guard against allegations of doctoring that has trailed the list of corrupt candidates by the Economic and Financial Crimes Commission (EFCC).
According to him, "The time of propaganda is over; this is the time for facts and figures; it is not the time for emotions. I will initial every page here so that there will be no kind of doctoring".
Chairman of the Committee, Ndoma-Egba (SAN) had cautioned the media against publicising the report that was not initialled by the Senate President and had refrained from commenting on the details of the report at his weekly press briefing with Senate Correspondents.
He disclosed that Senator Titus Olupitan who was a member of the Committee had indicated his intention to submit a negative view on the Committee’s work and had therefore declined to append his signature to the report.
Ndoma-Egba stated that what Senator Olupitan would do today would not amount to submitting a minority report as, according to him, "Section 102 (F) of our Senate rules does not allow for minority report".
The Committee’s recommendations are as follows:
•That Otunba Johnson Oyewole Fawsawe should be made to refund the sums of N400 million purported loan to NDTV from TIB, N420 million purported loan to Mofas Shipping Company Limited and N730 million purported loan to NDTV and be prosecuted for any offences disclosed. EFCC had recovered N100 million from him.
•That Ahmed Vanderpuye should be made to refund the sum of N300 million purported loan to Transvari Services Limited from TIB and be prosecuted for any offences disclosed.
•That Hamisu Abubakar, Executive Secretary of PTDF from September 2000 to July 2005 abused his office by diverting public funds in the sums of $125 million and $20 million approved for specific projects to deposits in banks, some of which were fraudulently converted as loans to NDTV, Mofas Shipping Company Limited and Transvari Services Limited and other criminal acts and should be prosecuted for any offences disclosed. EFCC had recovered N200 million from him.
•That Husseini Jallo, the Executive secretary of PTDF from July 2005 to November 2005 having abused his office through criminal acts and for which N49 million and six vehicles have so far been recovered from him by EFCC should be prosecuted for any offences disclosed.
•That his Excellency, Alhaji Atiku Abubakar, Vice President of the Federal republic of Nigeria from 1999 to 2007, abused his office by aiding and abetting the diversion of public funds in the sums of $125 million and $20 million respectively approved for specific projects to deposits in banks, some of which were fraudulently converted as loans to NDTV, Mofas Shipping Company Limited and Transvari Services Limited and should be sanctioned for any offences disclosed.
On President Obasanjo and the FEC, the Committee said:
•In respect of some projects commenced by PTDF in 2006, particularly the establishment of African Institute of Science and Technology in the Federal Capital Territory (FCT); incorporation of Galaxy Backbone, Plc; and purchase of computers for civil servants under the Computer for all Nigerians Initiative (CANI) for which Mr. President, Chief Olusegun Obasanjo, gave approval and subsequently obtained the ratification of the FEC, laudable as they may seem, were outside the mandate of the PTDF as provided for in Section 2 of the enabling Act.
•The President, Chief Olusegun Obasanjo and the Federal Executive Council acted in disregard of the law establishing the PTDF. Though the ratification by the FEC may mitigate this breach of the law, it however does not absolve the President and the FEC.
The report continued: "The Committee therefore recommends that the President be advised to adhere strictly to the provisions of the law establishing the PTDF at all times in either approving projects, expenditure of funds or howsoever.
•The Committee further recommends that the projects which are outside the purview and contemplation of Section 2 of the PTDF Act should not receive any further funding from the PTDF. The Committee also recommends that the said projects be verified and evaluated".
The report stated further in respect of other recommendations thus: •That in respect of the Progress Report on Obasanjo Administration and Photographs for State House Library, though the sum of N4.5 million approved for the project by the then Executive Secretary of PTDF, Alhaji Adamu Maina Waziri was within his approval limit, he should be made to refund the said sum of N4.5 million to PTDF nevertheless as the project was outside the contemplation of Section 2 of the PTDF Act.
•That all the projects approved for the PTDF from 2003 till date should be verified and evaluated by the relevant Committees of the Senate, that is to say, Committee on Petroleum (Upstream) and Committee on Public Accounts, or alternatively by Ad-Hoc Committee for this purpose.
•That the relevant committees of the Senate should be alive to their oversight responsibilities over the PTDF.
•That Marine Float Accounts should be independently investigated by the relevant organs of government especially Independent Corrupt Practices Commission (ICPC) since the initial investigation by the EFCC had generated controversy.
•The taxes payable on the bill by Emmanuel Chambers should be recovered by the PTDF and paid over to the relevant Tax Authorities. The said Chambers should also itemise its bill.
•That all the accounts in the name of the PTDF within and outside Nigeria should be established by the Senate Committees on Petroleum (Upstream) and Public Accounts, or in the alternative, an Ad-Hoc Committee established for that purpose.
It further recommended that "The PTDF Act should be amended to: provide for a Governing Board/Board of Trustees; provide for the constitution of the Board which should reflect Federal Character; in view of the increase in bonuses, the funding of the PTDF should be streamlined by formalising the limits of bonuses payable to the Fund to either 25 percent of bonuses or $100 million per annum whichever is less; and statutory provision for audited accounts of the Fund".
The report added: "The management of Fund should be re-organised/restructured to enhance its capacity to deliver on its well-defined objectives and to insulate it from politics.
"The Agencies like the Central Bank of Nigeria, Ministry of Finance, Office of the Accountant General of the Federation, Department of Petroleum Resources and the Office of the Auditor General of the Federation that have direct bearing with the Fund should play their roles as expected to aid the Fund in meeting the objectives for which it was established.
"The PTDF Act when amended should include the Solid Minerals sector and should be renamed Petroleum Technology and Minerals Development Fund".
The Committee in arriving at the recommendations said it relied on its findings on such issues as placement of deposits with TIB, loans to Otunba Fasawe and the NDTV/PTDF link; placement of deposit with Equitorail Trust Bank, its relationship with the Vice President, Otunba Mike Adenuga and GLOBACOM; and additional approval of $20 million for PTDF in 2003, among others.
For instance on the issue of release of N20 billion and N10 billion to PTDF and the use of the same to fund third term agenda as alleged by the Vice President, the committee stated as follows: "On 10th May, 2006, the PTDF obtained Mr. President’s approval for the sum of N20 billion for the execution of the following projects: Final finishing touches to the upgrade of eight federal universities; the upgrade of Petroleum Training Institute to Federal University of Petroleum Engineering, Effurun, Warri; the procurement and supply of Laboratory Equipment Project to 102 Unity Schools and six Federal Polytechnics;
"The ICT Centres in 102 Unity Schools, 20 Colleges of Education and 24 universities; the National Technical Institute, Bonny, Rivers State; the Federal Polytechnic, Tugba, Bayelsa State and the Post Graduate Overseas Scholarship Scheme.
"From the submission of the PTDF, the Committee noted that on 13th September, 2006, the Accountant-General’s office authorised that N10 billion should be released to the PTDF.
"PTDF Management in their oral testimony confirmed that till date only N10 billion out of the required N20 billion has been released to the Fund. Therefore, the evidence before the Committee is that so far, only N10 billion of the approved funds were released to the PTDF".
According to the Comm-ittee, other facts included among others, "The information gap between the PTDF and the Accountant-General of the Federation regarding the inflows or out flows from the PTDF Reserve Account. That some of the accounts kept in the name of PTDF by the Accountant-General of the Federation were not known to the PTDF.
"The decision to restrict the funding of the PTDF to a limit of 25 percent of signature bonuses or $100 million per annum whichever is lower was done without legal backing.
"The supervision of the PTDF by the Executive has been grossly inadequate and this is compounded by the lack of the exercise of proper oversight responsibilities over the PTDF by the relevant Committees of the National Assembly particularly the Committees on Petroleum (Upstream) and Public Accounts.
"As a result of poor supervision, bogus and unrealisable projects were recommended and funds approved for them", and "Many of the projects for which monies were approved have not been implemented’".
The Committee said it looked at the Marine Float Accounts and found out that it was at best a second line beneficiary of the PTDF fund, adding that it noted that "contrary to arguments that no PTDF funds were lost in the various placements, the sums of N400 million loaned to NDTV, N420 million to MOFAS Shipping Company Limited, N730 million to NDTV and N300 million to Transvari Services Limited by TIB remained unrecovered.
"Though the loans have since been restructured with the acquisition of TIB by Spring Bank, Plc, the loans cannot however be recovered outside the restructured framework without endangering the financial health of the bank".
At a briefing yesterday, Senator Ndoma-Egba maintained that the Committee did not invite Atiku to appear before it, adding that it was the Vice President who insisted that he wanted to personally appear before the Committee.

He who pays the piper dictates the tune

If OBJ is corrupt, will Ribadu come out and say it.
That Mr. C-in-C, the President of Fed Rep is a thief!,
Walahi that would be too much for him to say.

So let another judge(President) comes and
we can have fair hearing and equally fair pronouncement,

The Senate panel report is indeed confusing
Both OBJ and Atiku were discovered to hav being involved
some kind of wrongdoing.

Atiku was indicted and OBJ wasnt,
So what is bad for the goose is good for the gander?

Thats Nigeria senate for U!

i agreed with u BLOW

Even a camerounian knows OBJ is corrupt let alone a notable nigerian. Declaring OBJ "clean" is in itself fraudulent.

This is one lie i won't forgive the EFCC for. During the Abacha regime, we were all made to believe by fire by force that the guy was not corrupt. Look at most of the killings during his regime? He ordered them! and i won't be surprised when uncle sege leaves, we go hear am!

Do you know how many well meaning Nigerians have been assassinated since 1999? Ho hoo

Until maggots begin dey probe houseflies, i no go believe anything wey EFCc talk about OBJ

wetin u wan make ribadu talk before?!!

Corrupt practices in our nation is as old as the "old profession". I believe that every politician and every ex military ruler out in the
political threshhold has got one or two skeletons in his or her
cupboard.

Whether or not Pres. Obasanjo is corrupt is not the point - the
nation is going through a radical transition and a rebirth. The
transfer of power from a democratically elected civilian administration
to another.

We need to focus all our collective energies to make this an historical
journey a reality. All hand must be on deck to to this right.

All eyes of the all civilized nations in the world are upon us. Lets get
beyond our differences and try and get to the promise land. After that,
a commission of inquiry should be set up to investigate all concerns with
political corrupt practice, Pres. Obasanjo included. That's what we have to do. At the moment, we have lots of work to do.

WELL, i guess we all have to wait and see where the drama leads to by May!! Watch Out for Part III,

But this same EFCC recently gave IBB (Ibrahim Badamosi Babangida) a clean bill of health. And I heard that means the man is free to roam about town without fear. Now that tells a lot about the outfit's reputation.

What's the meaning of ''clean bill of health sef''?

What Do U Xpt?

he couldnt have said anything else.

well well jaybaby, your signature reads ''80% of men are impotent''. Hmn. Interesting. How in the world did you get to know that?.

Did you talk to all these men, or you did something else to get that figure?

Ono WHAT?

u want make he lose hin job?