dayokanu:

A person indicted is not fit to rule in any capacity for any lenght of time even for a day so[b] McKren[/b] telling us to leave OBJ for 30 days, only God knows how much he would do in 30 corruption filled days. He should resign if he has any honor in him or better still be impeached. So a case of pot calling kettle black.
If the presidency went o court to ask the V.P to be removed with a few months to the end of his dormant tenure and he can't be managed for the remaining time, OBJ too should resign as he is not no longer fit to rule this country even for 1 day longer!!!!!!!!!!!!

Bankole01:

No Afam this is not a condemnation of the Senate but affirmation of Obasanjo culpability in the PTDF scandal.
It is election time and most Senators would like to return to Abuja therefore some of them a ready to dance to the tune played by the presidency.

The EFCC chairman restated that the PTDF probe was a consequence of a complaint from the United States Congress that one of its members, Mr. William Jefferson, abused his office by transacting private business in Nigeria.

He said, “Their law prevents them from using their office to transact private business.

“In the course of our investigations, we discovered that the President did not authorise anybody to pay PTDF money into Trans International Bank. The vice-president did so to transact business with Jefferson.

“The Federal Bureau of Investigation wrote a letter indicting the vice-president of colluding with Jefferson to set up a business.

“From this, we investigated and found out that the PTDF money had been saved to a personal account at TIB. Part of the money was transferred to the US for a business transaction between the vice-president and Jefferson.

He said part of the money was also converted to naira and given as loan to a company belonging to Fasawe.

Ribadu said, “We saw documented evidence where the vice-president, officials of the bank, Mike Adenuga and the secretary of the PTDF agreed that the money must go to an account in TIB. We did not see any trace of Obasanjo‘s discussion with any bank or officials of banks concerning PTDF matters.

“Several billions of naira were transferred to Jefferson, which have not been recovered. This is our country‘s money but it is a pity that instead of striving to recover the money, we are now politicising the whole issue.”

And contrary to the impression created that the review committee was united in its report and recommendations, a member, Senator Akinlabi Olasunkanmi (Osun West), has said that he believes the President should be commended for the projects he spent PTDF funds for because he did not do it with selfish intentions to make personal gains.

*

Olasunkanmi, who disagreed with his colleagues on the panel, told The Guardian last night that in executing the Galaxy Backbone project and African Institute of Science and Technology (AIST) for which he was recommended for the Code of Conduct Bureau, the President had the best interest of the country at heart and wanted her in the league of technologically-advanced nations of the world.

But he said that the Vice President could not be said to have taken the actions he took in the approval of PTDF funds without pecuniary and personal interests.

He also explained why he took a dissenting view in the report, insisting that Atiku Abubakar and Otunba Fasawe are business partners.

In dissenting Senator Akin Olasunkanmi gave the following reasons:

* The share holding of NDTV shows that one Adamu Abubakar owns 10 per cent shares in NDTV and coincidentally one of the sons of the Vice President goes by the name Adamu Abubakar.

* The Vice President brought a letter from the Congressman William Jefferson to the Federal Ministry of Communication in respect of NDTV/iGate deal.

* The Vice President gave a loan to Otunba Johnson Fasawe, which he used to pay for the head office of NDTV.

* The PTDF deposits in TIB suggest that the deposits were meant for the purposes of the loan to NDTV.

* Questions put to Otunba Johnson Fasawe when he appeared before the review committee about his banking relationship with TIB were not answered satisfactorily.

On phone yesterday, Olasunkanmi said he did not think the report presented by the review committee was completely fair. His words: "If I say we were completely fair in our report, I will not be right; I don't think we were completely fair. Each of us had our opinion about what happened; I disagreed with the committee and that is why I had dissenting opinion on some issues. The President spent on projects of national importance. On the Galaxy Backbone, there are two of its type in Africa and ours would have been the third. The Ad-hoc Committee thought it was laudable and I believe we should be commending his interest in putting Nigeria in a position to catch up with the rest of the world. Don't forget that we are seven but that is what I think and I made it clear."

Olasunkanmi believes that the speed with which the President responded to the enquiries with a written report and voluminous documents that explained his position on various matters was commendable and should have been applauded.

He adds: "Mr. President said the way he interpreted Section 2(C) of the PTDF Act which talks about endowment in institutions meant he could give either money or buildings in furtherance of the PTDF goals. He did not breach the Act because he gave the money for the Gulf of Guinea Institute (G2i), an integral part of the African Institute of Science and Technology, which is an institute for Petroleum studies."

He noted that the work of the committee involved compromise and "a lot of give and take" to arrive at its conclusions.

He said: "We are one with the fact that the projects embarked upon by Mr. President were commendable ones. The ad-hoc committee says so and we did. He did not dip his hands into the fund to his own interest, but can we say the same about the Vice President?"

On Fasawe, Olasunkanmi said though he was invited to throw light on his dealings with the Vice President, he came simply to talk about the money given to him by President Obasanjo for payment into his MOFAS account.

He also complained, like Senator Titus Olupitan did in the ad-hoc committee, that the Chairman of the Committee, Senator Umaru Tsauri, over-ruled questions that would have unearthed the truth on the controversial MOFAS account.