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Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku (41449 Views)

US Opposes Nigeria's Plan To Hand Abacha Looted Funds To Governor Bagudu / See The Moment Atiku Admitted The PDP Looted Funds Under Obasanjo / You Didn’t Stop Me From Smuggling Looted Funds Into Nigeria, Buhari Hits Atiku (2) (3) (4)

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by shadyLP(m): 11:32pm On Dec 30, 2018
Buhari was a president before.. i believed he brought in looted money imagin the number of suitcase without due process..
Atiku, also a criminal during the Buhari's regime..
Hmmm..
Atiku is actually telling the truth because he was officially following his boss instructions..

More secrets is yet to be exposed... shocked shocked shocked

1 Like

Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by hammerFC: 11:33pm On Dec 30, 2018
$4.2 Billion Missing In NNPC Under Buhari – US Governance Report



A new report on Thursday said despite President Muhammadu Buhari’s attempt at ensuring transparency in the oil sector, the Nigerian National Petroleum Corporation, NNPC, still withholds billions in oil revenues from the government account.

The report by the Natural Resource Governance Institute, titled “NNPC still holds blank check” said that within the first six months of the Buhari administration, the NNPC withheld over $4.2 billion (about N824.7 billion) out of a total of $6.3 billion (N1.24 trillion) revenues realised from crude oil sales in the second half of 2015.

The withheld revenues represented about 66 per cent of the total revenue – $1.4 billion earnings from Nigeria’s regular crude oil exports for the period; $3.4 billion from domestic crude oil sales, and $1.5 billion from oil sold from the corporation’s upstream subsidiary, the Nigerian Petroleum Development Company, NPDC oil fields.
The report said only $2.1 billion (about N413.7 billion) was transferred to the Federation Account.

The group said the unremitted revenues for the six months was about 14 per cent more than the amount withheld by the corporation under the Goodluck Jonathan administration in the first half of 2015, and about 12 per cent higher than the share withheld in 2013 and 2014.

The report said the figure of unremitted oil revenues in 2015 contrasted sharply with 2005 figures, which showed the NNPC remitted about 68 per cent of its total oil sale earnings to the Federation Account and kept only 32 per cent that year.

The report said while part of the withheld funds was used for servicing Nigeria’s share of the joint venture operating obligations, the NNPC did not fully explain what the other retained revenues from domestic crude and NPDC oil sales were used for.

In general, the report said despite the on-going reforms in the oil sector, the NNPC under the present administration was still retaining a major share of oil sale earnings and spending at will.

Some of the reforms by the Buhari government, the report noted, have cut the number of passive, well connected middlemen that pocketed billions of oil revenues, while the administration has cancelled costly, unbalanced NNPC swap contracts as well as seek more efficient replacements.

The report lamented that recent announcements on NNPC reforms and the latest drafts of the Petroleum Industry Bill, PIB, by the Ministry of Petroleum Resources, failed to adequately address how NNPC and the government would share future oil revenues
“Until government establishes a clear, legally enforceable rule governing which revenues NNPC can keep and how they can be spent, oil sector corruption and waste could return to their prior devastating levels once the president (Buhari) leaves, or prices rise,” the report noted.

While encouraging government to push ahead with its reform plans for the oil sector, NRGI stressed the need for NNPC to adopt new financial controls and transparency measures for its subsidiaries, especially bordering on the several billion revenues retained each year from NPDC operations and its oil trading and marketing subsidiaries.

The Institute also called for the immediate replacement of the 445,000 barrels per day crude oil allocation for domestic refining with a fit-for-purpose mechanism for supplies to the country’s four refineries.

“The government should move to curb the corporation’s discretionary, unaccountable use of much-needed public funds. Until the government instates clear rules for NNPC financing, both the controversies and the underlying revenue leakages will persist,” the report said.

Describing the NPDC as one of the Nigerian petroleum sector’s “great black boxes”, the report said some of the oil from the company’s fields went to its strategic alliance partners, two of which were paid in oil for purportedly shouldering the company’s financial obligations.

From the production of an average of 30,000 barrels per day of Okono grade crude during the period, the reportsaid some of the oil from the company’s fields went to its strategic alliance partners, two of which were paid in oil for purportedly shouldering the company’s financial obligations.

From the production of an average of 30,000 barrels per day of Okono grade crude during the period, the report said NNPC retained all earnings ( about $12.3 billion over the past decade) from the offshore Oil Mining Lease (OML) 119 owned wholly by NPDC.


[] SOURCE: [] http://truenewsgist.com/2016/12/26/buharis-administration-more-corrupt-than-goodluck-jonathan-4-2-billion-missing-in-nnpc-under-buhari-us-governance-report/

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Dee60: 11:33pm On Dec 30, 2018
So, who wants to vote a wanted man?

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by tegrianonigltd(m): 11:33pm On Dec 30, 2018
360degreess:
.Imagine a thief a.k.a Atikulooter calling a whole sai baba(the most incorruptible nigerian leader) a looter?..well i dont need 2 talk much....4+4=sai baba 2019.

Nigeria lack reading, learn, Buhari is bad, a liar, those kind of people that want people to see them good but evil.....

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by hammerFC: 11:34pm On Dec 30, 2018
Buhari Stole More Than Any Nigerian


**He stole $2.8b as Petroleum minister, Money found in his UK Bank.

**Overthrow Shagari to cover his looting in oil ministry.

**He locked up Nigerians who try to expose his stealing.

**OBJ scraped PTF over Buhari’s misappropriation of over N2.5 billion.

**$4.2 Billion Missing In NNPC Under Buhari – US Governance Report

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Adekdammy: 11:35pm On Dec 30, 2018
360degreess:
.Imagine a thief a.k.a Atikulooter calling a whole sai baba(the most incorruptible nigerian leader) a looter?..well i dont need 2 talk much....4+4=sai baba 2019.

El rufai also affirmed it that your sai baba is corrupt na.

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Nobody: 11:37pm On Dec 30, 2018
SAI AtikuObi mandate for prosperous new Nigeria

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Enice(m): 11:37pm On Dec 30, 2018
SarkinYarki:


Google Jokolo 53 suitcases and tell me who is corrupt between Atiku and Buhari
utter rubbish. all this small children talking rubbish. if you were around in 1984, you would know that it was better taking money out of the country than bringing it in. Buhari was the head of state then, in charge of the CBN, etc, why would he be bringing in money through an Emir, for what reason? do we use the naira outside this country or were they bringing in dollars? rubbish. google Benson Alegbe and all those that kept money in cesspits

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Nobody: 11:39pm On Dec 30, 2018
BUHARILOOTER THE SCAMMER






apcheat NEVER AGAIN

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by hammerFC: 11:40pm On Dec 30, 2018
Yes Buhari is the biggest thief of them all.

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Nobody: 11:41pm On Dec 30, 2018
BUHARILOOTER THE SCAMMER

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Enice(m): 11:41pm On Dec 30, 2018
Sermwell:

atiku contested for president In 1992? in which country?
yes he did in his party but lost to Musa Yar adua
Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by KanuJEWSarePIGS: 11:41pm On Dec 30, 2018
IPOB slave master leave tori. Enter Amelica and shame the devo.

Ipobians plan is to see Nigeria destroyed and Atiku is just the right man for the job hence, their surprising support for an hausa fulani Muslim.

E no go work!

Failure is dia name so shall it remain

Ise!

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by hammerFC: 11:42pm On Dec 30, 2018
Buhari has a history of looting as oil minister in the 1970s and then President in the 1980s and back again as Abacha right hand man.

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by docadams: 11:43pm On Dec 30, 2018
madridsta007:



It is in the history books. Atiku was recommended for sack and then for transfer after that incident. The sack would have been too obvious so it was rejected as an option.

He was then transferred to Kano.

This is Buhari's history as it is. Sadly, most Young Nigerians never read so just know what Tinubu's media feed them.

There is dull, duller, and dullest. Choose the one that befits you. Who was Atiku in 1984 whose sack would have generated controversy? A president, vice president, ministers, governors et al were sacked without a whimper. Who was Atiku? Kids on the proll.

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Nobody: 11:46pm On Dec 30, 2018
BUHARILOOTER A. K. A THE SCAMMER A. K. A THE THIEF A. K. A JUBRIL SHOUL PACKAGING HIS STUFF READY FOR A BUMPY RIDE TO DAURA

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by hammerFC: 11:46pm On Dec 30, 2018
See his friends.


They are all corrupt looters of public funds.



Show me your friend and I will tell you who you are.

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Enice(m): 11:47pm On Dec 30, 2018
hammerFC:
Yes Buhari is the biggest thief of them all.
all these propaganda will not work against PMB. PDP did far worse in 2015. tv programs full of propaganda were aired 24hrs, religion/hate speech and islamization was used but still PMB won.
Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Bridget95(f): 11:47pm On Dec 30, 2018
KingKingKing:
ATIKU,AND, NNAMDI KANU ARE FOOLISH
you are saying this because your master Buhari have been exposed from his way back game.see your master in the pic and the grand commander of looting. Till tomorrow he still defends Abacha as his saint and mentor .pathetic!

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by doctokwus: 11:51pm On Dec 30, 2018
Enice:
utter rubbish. all this small children talking rubbish. if you were around in 1984, you would know that it was better taking money out of the country than bringing it in. Buhari was the head of state then, in charge of the CBN, etc, why would he be bringing in money through an Emir, for what reason? do we use the naira outside this country or were they bringing in dollars? rubbish. google Benson Alegbe and all those that kept money in cesspits
This one doesn't even understand the issue raised and he is contributing.
Buhari has succeeded in one thing though:increased the number of daft Nigerians,like this op.

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by hammerFC: 11:58pm On Dec 30, 2018
Enice:
you are the daft. Bunch of thieves. You guys will never be handed the key to the shop again, never!


SHOW ME YOUR FRIENDS AND I WILL TELL U WHO U ARE.


BIRDS OF THE SAME FEATHER FLOCK TOGETHER...


I PUT IT TO YOU BEFORE GOD AND MAN THAT, BUHARI IS A VERY BIG THIEF.

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by Nfora: 11:59pm On Dec 30, 2018
What exactly is Atiku up to?

He said you stopped it?

What did you stop and how?

Has it been confirmed that the suit cases contain looted monies or personal effects of the emir or ambassador?How much?

Who is the looter,the emir or the ambassador? Definitely not Buhari.



True,true,A thief shouting thief!
Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by rexwalters: 12:02am On Dec 31, 2018
tegrianonigltd:


Nigeria lack reading, learn, Buhari is bad, a liar, those kind of people that want people to see them good but evil.....
Na true,your papa better pass General Buhari,illiterate Peasant?
Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by cardoctor(m): 12:02am On Dec 31, 2018
World war 3 is about to start here.
Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by hammerFC: 12:02am On Dec 31, 2018
LIGHT AND DARKNESS HAVE NOTHING IN COMMON.


BUHARI HISTORICALLY HAVE BEEN AMONGST THE CRIMINALS THAT HAVE ROBBED OUR DEMOCRACY AND ECONOMY.


BUHARI OVERTHROW SHAGARI DESTROYING NIGERIA DEMOCRACY.


THE SAME CANNOT BE SAID FOR ATIKU WHO IS A DEMOCRAT, EVEN OPPOSED OBJ THIRD TERM BID AND LOST HIS VICE PRESIDENT POST FOR IT.

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by doctokwus: 12:03am On Dec 31, 2018
Enice:
you are the daft. Bunch of thieves. You guys will never be handed the key to the shop again, never!
No need for insults.
The post of yours I quoted only exposed how illiterate you are.U read but didn't understand what you read and ended up embarrassing yourself,despite your poor educational upbringing.

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Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by edifyinvestment(f): 12:05am On Dec 31, 2018
Get all network data within minutes MTN, GLO AIRTEL, ETISALAT at cheap prices
Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by rexwalters: 12:06am On Dec 31, 2018
Nfora:
What exactly is Atiku up to?

He said you stopped it?

What did you stop and how?

Has it been confirmed that the monies or personal effects of the emir or ambassador, contained looted funds?How much?

True,true,A thief shouting thief!
An ordinary korofo corrupt customs officer questioned a military head of State in 1984,that would have been his last day on the job and from there straight to Kirikiri detention centre Apapa,Atiku liar,he resigned when General Babaginda refused to make him director of customs in 1989.
Re: Buhari Has History Of Bringing Looted Funds To Nigeria – Atiku by mybestlove(m): 12:06am On Dec 31, 2018
This administration is a disgrace to Nigeria. One could have imagined what could have happened to opposition if GEJ had behaved the way Buhari is behaving.

He wants to win election by any means possible, rubbish

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