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Obj. Last Days Looting - Politics - Nairaland

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Obj. Last Days Looting by Deji7474: 2:20pm On Apr 30, 2018
This is one of the many reasons OBJ doesn't impress me, he can only impress gullible, myopic,amnesiac,idiots and illiterates " in Udom Emmanuel's voice".


OBJ. LAST DAYS LOOTING .

On 16 May, 13 days to the end of his tenure, Obasanjo announced to the Federal Executive Council, FEC, the award of contracts worth N756 billion. That proposal sailed through the council like a greased pig in a slaughter house. As Frank Nweke, then minister of Information, explained, N70 billion of this would be for the resuscitation of textile industries in Nigeria; N58.6 billion for the second Niger Bridge; its maintenance was to gulp N42 billion. The companies to execute the projects were not named. Three days earlier, FEC, approved N16.53 billion port harbours reconstruction in Lagos; N20 billion, expansion of the Lagos airport; N4.8 billion, building of the Securities and Exchange Commission, SEC, permanent accommodation; and N1.39 billion for the Ministry of Defence’s permanent residence for participants of War College Training Course in Abuja; N1.4 billion, conversion of steam and head for the power plants; N47.4 billion, conversion of the Alaoji Power Plant to double circuit; N3.5 billion for procurement and repair of two boilers at the Egbin Power Station in Lagos and N233 million was for fixing the Agege-Lagos Road.

Professor Daniel Saror, former Minority Leader of the Senate, told TheNEWS in 2007: “Obasanjo was dipping his hand into the Federation Account to execute many projects, including the power stations in the Niger Delta. Billions of dollars are being spent on those projects without the approval of the relevant agencies. No senator can exercise oversight function over them because nobody at the National Assembly knows about the contracts and the companies handling them.
Senator Farouk Bello Bunza had tried to draw the attention of the Senate to this anomaly, but the PDP senators shot his motion down.”

*-Being excerpt from "Corruption In Nigeria Under Obasanjo Administration", written by Ademola Adegbamigbe.*
Re: Obj. Last Days Looting by marwanafrica: 2:55pm On Apr 30, 2018
this is very bad of him but yet that does not mean what he said regarding buhari is Wrong

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Re: Obj. Last Days Looting by lonlytroy(m): 3:05pm On Apr 30, 2018
That's the grandfather of corruption but he dey learn were buhari dey (Mr Geskiya) indeed

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Re: Obj. Last Days Looting by HtwoOw: 4:06pm On Apr 30, 2018
The same Military Last minute diversion of public funds, i hope it is not true

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