Oladimeji Ramon

Vice-President Yemi Osinbajo again, on Monday, lashed out at the administration of ex-President Goodluck Jonathan, saying it was mirred in grand corruption and impunity.

Osinbajo said he was taken aback, on assumption of office, at the kind of grand corruption that took place under the previous government.

The VP said, for instance, he was shocked to find that in one day $292m (about N70bn) was moved out from the Central Bank of Nigeria, “without any contract or any real explanation”.

According to him, that dollar haul from the CBN left the apex bank dollar broke for two weeks.

He said it was unimaginable that despite earning $381bn from crude sale between 2010 and 2014 – the highest that the country had ever earned – the nation’s external reserves fell to $30bn by 2014 and the Jonathan administration left behind a debt of $63.806bn.

Osinbajo said this on Monday in Lagos in a lecture titled, “Restructuring and the Nigerian federation,” which he delivered as part activities marking the 40th anniversary of Association of Friends.

He noted that between 2010 and 2015, Nigeria’s debt jumped from $35,093.10bn to $63,806.53bn.

He said, “What do these figures show? They show that when oil prices were at the highest between 2010 and 2014 the government was borrowing heavily.

“From 2010 to 2014, debts moved from $35bn to $63bn. When we assumed office in 2015, the debt that the previous government left was $63bn.

“Today, three and half years later, the debt is $73bn.

“There are two reasons why despite high earnings we are poorer – the first is grand corruption and mismanagement of resources. And there is a difference between grand corruption and ordinary corruption.

“Grand corruption is directly stealing from the CBN, directly taking money from the treasury without any contract, no pretences; there’s no caution, you just take money. That was going on and I will give you several examples.

“When I got to the office as Vice-President, I couldn’t believe it. In one day, $292m was signed out and it disappeared. After that period, for two weeks, the Central Bank of Nigeria did not have cash dollar – $292m without any real explanation! We later discovered what became of the money.

“On another occasion, N60bn was moved out ostensibly for security purposes; but we know what happened.

“When you have a corrupt government, large sums of money which can be used for development is simply taken. If you are the President of Nigeria, you can literally say, ‘Go and bring money’.

“Look at a sum of N60bn; when someone can take N60bn; and $292m, that’s almost N70bn. Today, our TraderMoni scheme is costing us N20bn, where we’re giving to petty traders a loan of N10,000 and when they pay back, we give them N15,000 and when they pay back, we give them, N20,000. But somebody will take $292m, almost N70bn. If you have N70bn, you will solve the problem of seven million of those petty traders. That’s the kind of thing we are talking about and the kind of contrast that we’re trying to draw.”

https://punchng.com/jonathan-administration-plunged-nigeria-into-debt-osinbajo/

3 Years later, Buhari and Osinbajo are still confused about how to move Nigeria forward. Blame game is the only thing they have achieved so far, it energizes their base.

*Bad Workmen blaming their tools*

God punish midget osibanjo

Can VP Osinbajo please respect himself for once.
Guy have become a harbinger of lies in this government having taken over from Lai Mohammed.

https://www.google.com.ng/amp/s/www.vanguardngr.com/2018/09/okonjo-iweala-got-nigeria-out-of-debt-but-were-now-back-there-amina-mohammed/amp/

Is the Presidency not tired of this stale line

These APCriminals are still blaming GEJ.


Cc lzaa jumpandpas eternaltruths

God bless Goodluck Ebele Jonathan

I dislike blame game, GEJ never met perfect Nigeria still he never complained but did his best.

Nigerians are tired of this bitter song of blame game, do your best & quit blame game because it doesn't help common man

Pastor osibanjo if you are truly a pastor, then remember the words of Jesus who you claim to serve. "And why beholdest thou the mote in thy brothers eye and considerest not the beem that is in thy own eye" Is your govt in anyway better than pdp? Transparency International says you are more corrupt. So if pdp practiced grand corruption, yours is something worst. It is sad that you a pastor can be so baiased and enmeshed in dirty politics and you have redifined integrity. When corruption thrives in apc you are deaf and blind. But when it is pdp, you become the best grave digger in Apc. You attack the person of gej more than buhari himself, yet when NHIS executive secretary was milking the place dry you were deaf and dumb. Was it not this same you Senator Akume pleaded with to persuade Magu to drop the case against Gov Ortoms aid who was involved in N22bn fraud in benue state. Hypocrisy and dishonesy are two big sins that God hates.

The truth indeed is bitter, but must be told. It is good the FG are trying their possible best to revitalize and stabilize the economy

While you and your fellow Buhari Media Cows have plunged the Shithole into a brothel where any Jubrin from Sudan can come and rape your citizens

socialmediaman:
3 Years later, Buhari and Osinbajo are still confused about how to move Nigeria forward. Blame game is the only thing they have achieved so far, it energizes their base.

*Bad Workmen blaming their tools*

.They should have continued like nothing was wrong with the country according to bigoted Igbo logic ba ? That won’t stop your wailing if projectvare not completed on time o because you must wail come rain come shine.

Redhot111:
God punish midget osibanjo

SolutionMee:

True.
While Buhari's administration makes it their routine work to continuously multiply those debts.
Being a SAN is not a measure of ones intelligence.
I'm highly disappointed in this pastor useful idiot.

. The only idiot I see is Obi the bigot from Igbo land. That devilish bigoted Igbo shriek must not be allowed to divide Nigerian further on what ever basis he inherited from his parent, either religious with the Anglican n Catholic Muslim nonsense or his tribal bigotry.

They are still blaming Jonathan after 3yrs?


Na wa o!

Modphase:

. The only idiot I see is Obi the bigot from Igbo land. That devilish bigoted Igbo shriek must not be allowed to divide Nigerian further on what ever basis he inherited from his parent, either religious with the Anglican n Catholic Muslim nonsense or his tribal bigotry.

It looks like obi dazed you with a slap in your dream last night if not what brought obi's matter here.

How did a Law Professor allow himself to be used as a puppet still beats my imagination.


Prof. Yemi Osibanjo will do and say anything to cover up for the inadequacies of his principal, PMB.

Osinbajo is a disgrace to all the good people from Remo, he’s a sell out like his wife grand father.

This midget is still blaming the past government less than 4 months to an election.

Shame on Nigerian youths. they want Nigeria to be like America but they hate to know who is who in their country. an average American youth will tell you the political history of his/her country but come to Nigerian, they don't know what happened, why they are where they are and the despise any attempt to open their eyes to see how things play out.

Nigerians are aware of this facts, that was why we kicked the Clueless and Corrupt Jonathan back to Otueke.

Dear Prof. Yemi Osinbajo

It's very obvious at this point that you need to go home and rest.

History will be very kind to you that you did not know your left from your righr when you became the vice president of Nigeria.