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|Atiku, Obasanjo And Nasir El-rufai, The Three Wise Men Of Corruption by jpphilips(m): 7:11pm On May 15, 2018|
Few Days ago, for the first time in a long while since the web of allegations trailed several privatization scams that occured between 2002-2007, Atiku Abubakar on his twitter handle took credit for the Liberalization of the telecommunications sector by bragging to another user his exploits in the said programme.
Based on that development, I decided to remind Atiku other exploits in the privatization programme that murdered the destiny of hard working Nigerians including several youths whose sources of livelihood were fraudulently disparaged and rendered hopeless.
Atiku without doubt took his well deserved glory for the privatisation of the telecommunications sector because it was one of the few privatized institutions that survived, conversely, when we talk about privatization scams like the Pentascope that killed Nitel, Alscon scam, Nicon insurance scam and so many others, Atiku's supporters will tell us OBJ was in charge. grin grin
Is anyone still in doubt who orchestrated privatization scams all over the country? The culprit has spoken.
A summary of Atiku's exploits as the chairman of National council of privatization (NCP) and El rufai as the DG of Bureau of public enterprises (BPE), Nigeria's Assets fell into the sinister hands of waiting carnivores who devoured our collective destinies for 5yrs, under Atiku's reign as NCP chairman, Nigeria was held hostage, thoroughly stripped, beaten and milked dry of its fortunes in a once in a lifetime scam called Privatization and concessioning.
Under Atiku's watch, Vaswanis cheated Nigeria by short-circuiting due process, under a company called Avolon, to acquire Germany's 51 percent in Volkswagen. According to presidency sources, it was a breach of the pre-emptive rights of the federal government of Nigeria stated in section 151 of the Companies and Allied Matters Act 1990.
Atiku liquidated NAFCON in 2005 for the sole purpose of selling it to O’Secul Nig Ltd owned by his fellow con artist James Ibori for $153m Thank God for Notore that later pushed out ibori to bring that company back to life.
The BVI, however, had their reason. The National Council on Privatisation was aware of the under-hand deal. In a letter dated August 25, 2005, Atiku Abubakar, former vice president and chairman of the NCP, was informed by the Bureau of Public Enterprises, under Irene Chigbue, to waive Nigeria's pre-emptive rights to acquire the 61 percent shares of the German partners.
While Abubakar knew then that the Vaswanis had been banished from the country, he blinked over the BPE request.
Read more: https://news2.onlinenigeria.com/news/breaking-news/169013-how-the-vaswanis-loot-nigeria-the-brothers-get-n6-trillion-waiver-presidency-connection-national-standard-magazine.html#ixzz5FaujN7H8
Despite knowing Jimoh Ibrahim forged documents and a Memorandum of Understanding, MOU, which he used to acquire 70 percent of the National Insurance Company of Nigeria, NICON eventually was liquidated after The total assets taken out of the company either directly or through companies wholly owned and controlled by Jimoh Ibrahim and not properly accounted for amounts to N6.37billion.
Delta Steel which was set up in 2005, at a cost of $1.5billion, was sold to Global Infrastructure for just $30million without bidding, Atiku said it is in the best interest of Nigerians grin grin
Atiku ignored all recommendations from BPE and due process—to sell Delta Steel Company to Global Infrastructure instead of the winner of the bidding process, BUA Group.In fact Oby Ezekwesili attained celebrity status when she insisted due process must be followed to curb Atiku and obj's excesses, she was later nick named Madam due process.
ALSCON, was set up with $3.2 billion, Atiku sold it to a Russian firm, Russal, for a paltry $130million.
ALSCON had been given $120million for the dredging of the Imo River, but it was never carried out, Russal and Atiku disappeared with the money, igbos are complaining about dredging the river niger, but they have short memory that the ALSCON deal was supposed to dredge the Imo river, Imo river is easier and more economically viable than Niger river because it flows into the forcados river a major tributary of the river niger. Atiku and Russal disappeared with the money till date.
Atiku literally dashed DAILY TIMES of Nigeria, to the Anosike brothers (Noel and fidelis) according to court records, Atiku did not privatize daily times in the true sense of the word, Daily times assets worth over $3b was used to secure a mortgage that paid for the take over, in other words Atiku packaged Daily times to sell and buy itself, once her assets was stripped, Atiku took off with Anosike brothers to the next unlucky company.
How did Bluestar consortium take over the Kaduna refinery under Atiku's privatization? where is the $250m they paid at the time? the then CBN Governor swore an affidavit Nigeria did not get alert, grin grin grin
An asset of the state sold while the money just vanishes, just like that? Atiku truly broke a record.
How did SOLGAS company, headed by a 36 year old Seun Oyefeso, without the requisite expertise nor technical know how, took control of Ajaokuta steel, stripped its assets before OBj cancelled the deal, meanwhile Atiku has already swollen his tommy with the much Ajaokuta assets they could sell. Fear Atiku!!
Oh!! the story of Sadiq petroleum and Atiku overnight take over of African petroleum, thank God for yaradua, Atiku finished this country, only a child will bother about Atiku.
Then the Almighty pentascope scam, Atiku and Midget El Rufai executed the highest fraud in human history,
The first group that came calling and qualified to buy NITEL was IIL (London) Ltd.; they could not purchase the company. Then Nasir El-Rufai and Atiku brought in PENTASCOPE from the Netherlands. The controversial body was said to have its HQ in an abandoned church in London meaning, no official office address. Amazingly, PENTASCOPE was given a carte blanche to spend the monies of NITEL without paying for NITEL first, they cleared its offshore foreign currency savings. A company that was actually a national strategic institution has not recovered from PENTASCOPE; or from TRANSCORP and other efforts to sell BY FORCE! In the meantime, Nigeria became a country where telephone landlines disappeared from homes and offices, just as the assets of NITEL that have not been stolen, have continued to rot, as our empty-headed ruling elite cling to the litanies of the church of privatization, as their route to the heaven of capitalist development!
Atiku's intels and orleans after successfully taking over all our oil and gas free trade zones, in the document between NPA and Intels in 2005, referred to as the Consolidated Lease. OGEFZA unilaterally and/or illegally altered its name to read – OIL AND GAS FREE ZONES AUTHORITY. The word “Export” was deliberately deleted and the word “Zone” was deliberately pluralised in direct contravention of an extant Act of the National Assembly without a formal amendment of same as required by law, OGEFZA purported to exercise powers reserved for the President under the NEPZA Act by designating Warri, Calabar and Apapa as Free Zones in favour of Atiku's Intels/Orlean Invest
There was allegations of Massive fraud against OGEFZA as regards NPA remittances, While the committee that investigated those fraud insisted that payment of the money into commercial banks rather than the CBN was a violation of section 19(1) of the BPE Act,
There are major lapses in the retirement of advances, charges made by the project commercial bankers are deemed excessive and inconsistent, interests have not been credited on special account balance, expenses are incurred because no-objection was sought from the bank. Till date those fraudulent accounts was never audited.
The fear of the three wise men of corruption in Nigeria is the beginning of wisdom
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|Re: Atiku, Obasanjo And Nasir El-rufai, The Three Wise Men Of Corruption by CodeTemplar: 7:40pm On May 15, 2018|
These people are recycled failure imposing themselves on the populace.
|Re: Atiku, Obasanjo And Nasir El-rufai, The Three Wise Men Of Corruption by jpphilips(m): 7:52pm On May 15, 2018|
It still beats my imagination that such a man is thinking of ruling Nigeria, who knows, in the future, Shekau may contest for presidency as well
|Re: Atiku, Obasanjo And Nasir El-rufai, The Three Wise Men Of Corruption by SamuelAnyawu(m): 7:55pm On May 15, 2018|
Hehehehe Nobody can defeat PMB, but why so much attacks on Atiku
|Re: Atiku, Obasanjo And Nasir El-rufai, The Three Wise Men Of Corruption by mrphysics(m): 8:55am On May 21, 2018|
No one is talking about the facts raised by the op?
|Re: Atiku, Obasanjo And Nasir El-rufai, The Three Wise Men Of Corruption by jpphilips(m): 7:02pm On May 24, 2018|
Truly, Atiku is a political liability
|Re: Atiku, Obasanjo And Nasir El-rufai, The Three Wise Men Of Corruption by jpphilips(m): 8:20pm On May 25, 2018|
Facts don't lie, what is there to contest?
Indomie kids are Atikulating with a blind hope of false jingoism.
|Re: Atiku, Obasanjo And Nasir El-rufai, The Three Wise Men Of Corruption by jpphilips(m): 6:21pm On Aug 27, 2018|
Atiku isn't a failure, he is good at what he does, scam!!
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