Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,912 members, 7,817,684 topics. Date: Saturday, 04 May 2024 at 05:15 PM

Faces Behind Deal That Landed Nigeria In $9.6bn Mess - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Faces Behind Deal That Landed Nigeria In $9.6bn Mess (48776 Views)

Two Ministers Suspected As Moles In $9.6bn P&ID Judgment Debt / Presidency Hawks Want FG To Seize Bonga Over $9.6bn Judgment Debt / $9.6bn: British Firm Listing Nigeria Assets For Seizure (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by Nobody: 8:21am On Aug 29, 2019
alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS

You can't be serious.
OFFICIAL DOCUMENTS ARE SIGNED. WHO SIGNED IT? IN A SETUP WHERE HE WAS LOCKED OUT OF GOVERNMENT YOU WANT HIM TO BE RESPONSIBLE FOR THE DAMAGE DONE BY AN UNELECTED CABAL. SHIORR

2 Likes

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by maasoap(m): 8:22am On Aug 29, 2019
[sub][/sub]
nick50:
..which recession are u talking about??.. When Jonathan handed over power to buhari was there any recession?.. are u sure u are in this country??

Do we need to show you evedence from the Google search that Jonathan and Okonjo Iweala were already borrowing to pay salaries of federal government workers? If that wasn't recession, I wonder what it was.

4 Likes

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by Hungrychicken(m): 8:24am On Aug 29, 2019
alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS


shut up, I believe you didn't read the article.
Although he was the most senior government official in the absence of his boss, he was treated as a ‘leper’ and an outsider by the ‘cabal’ that took charge of government business in the absence of Yar’Adua.

3 Likes

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by maasoap(m): 8:25am On Aug 29, 2019
destinie2019:


You can't be serious.
OFFICIAL DOCUMENTS ARE SIGNED. WHO SIGNED IT? IN A SETUP WHERE HE WAS LOCKED OUT OF GOVERNMENT YOU WANT HIM TO BE RESPONSIBLE FOR THE DAMAGE DONE BY AN UNELECTED CABAL. SHIORR

At least, he negotiated the settlement deal and signed it. Why didn't he honour it, why transferred it to the incoming administration? Oh, I remember, he had no liver to implement anything. Just the same way he transferred the signing of the National Conference reports to the incoming administration.

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by fmwise2k(m): 8:25am On Aug 29, 2019
DennisEche:
The dullard should take the whole blame, for refusing to check the contract terms and reviewing them. Worst was he not inaugurating his cabinet. The dullard is indeed a dullard .. Like someone above said the dullard should be in the jungle controlling 3cows
Bros... You're the dullard here! You can't write a good sentence and you're calling the president a dullard? Maybe you don't know the meaning of 'dullard.'

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by freeze001(f): 8:25am On Aug 29, 2019
alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS

Beyond the questionable signing of the deal which, take it or leave it, Jonathan had no influence over, you can attest to the actions the GEJ government took when he became substantive president. He reviewed it, found it unsuitable for Nigeria and sought to revoke it. It went to arbitration, a negotiated sum of $850 million was arrived at early 2015. To avoid unnecessary suspicion that he'd diverted almost $1 billion for elections, he left it for his successor even after elections were over and he conceded. Is Jonathan also supposed to take responsibility for the failure of Buhari and crew to quickly take action on these issues? Is he the one that asked Buhari not to appoint intelligent ministers in good time since he is obviously too slow to read and decipher/interpret his handover notes? Was it Jonathan that asked him to foolishly remain silent without reaching out to the company until they had to go back and get a substantive judgment against Nigeria inclusive of accrued interest?

4 Likes 1 Share

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by tiwiex(m): 8:26am On Aug 29, 2019
jaxxy:
Yaradua’s Cabal signed the contract, Jonathan did what he cud to to settle the delay in executing the agreement and Buhari and his cabal in sheer arrogance ignored following up or reviewing the situation.

The way I see it the problem is from this government.

Simple. God bless you. So much noise after the final gavel. They even ignored the 6b judgment in 2017. Now there is a final judgment since they failed to appeal, they are all over the place giving press conferences and blaming the origin of the contract. I think people defending this government don't know the full history. They see 9.6 and GEJ in the same sentence and start reacting.

3 Likes 1 Share

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by maasoap(m): 8:26am On Aug 29, 2019
Bossontop:

So buhari and yaradua are also among.........no wonder apc and her zone Bs are not dragging goodluck jonathan ryt now

How was Buhari among?
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by hush15: 8:30am On Aug 29, 2019
alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS

an very sure you didnt read the write. From that report, the person that still tried salvaging the whole situation is GEJ. Though he wasnt the author, under his administration, they reached an 850million dollars settlement. Rather than talk to them that they were trying to settle down to understand whats going on and pay that settlement, they were being stubborn and trying to pin it on the last administration. Now, they moved the figures from 850million to 9.sumtin billion, how smart?

Somebody should investigate this malami guy, he knowa about this increase and trying to tale advantage of the situation. sumtin is fishy abeg

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by ki02020(m): 8:30am On Aug 29, 2019
emeijeh:
And so?!
Is this the reason Buhari developed 2 extra legs "in Japan" ?



[img]http:///media/12-24-2016/E1c7QP.gif[/img]

You be real clown grin
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by freeze001(f): 8:31am On Aug 29, 2019
Buhari was sworn in May 2015. This final judgment was handed down this 2019. So you mean for over 4 years Buhari and his team are right to have ignored this issue? Even if Nigeria was or is not going to pay that fine, it was/is the responsibility of the Nigerian govt to keep communication and negotiation channels open until more agreeable terms were reached. Was Nigeria not put on notice that proceedings had been re-activated against her at the tribunal on the issue? What actions were taken?

It is just like the recent diplomatic row over visa fees between Nigeria and the US. For 18 months, they had asked Nigeria to review certain fees in line with the principle of reciprocity. Buhari n co were comatose. Now the US has announced increase in fees for successful visa applicants from Nigeria and who will bear the burden? Is it not ordinary Nigerians? Funny enough they have now quickly reduced the fees because of the threat by the US. Is this the way a government should be run? Are these the hallmarks of a responsible government and country?

agabusta:


So if you are just sworn in as president, the first thing you'll do is to pay 800 million dollars for a project that was never executed.

800 million dollars! Out of the economy of a country in recession. Oga, think deeply.

Nigeria is not paying that silly fine for one useless abstract dagbo project put together by internal saboteurs and their willing foreign counterparts.

No need to be talking conclusively. The whole thing will be renegotiated.

3 Likes

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by phineas: 8:32am On Aug 29, 2019
Did that contract add any value monetary or non monetary to our economy.

Why would any patriotic or sane leader agree to pay 8 million dollars that added nothing to our economy in a time of recession (oil price as low as 22 dollars from over 100 dollars and production capacity less than 50percent thanks to ND millitants) states were Oweing salaries there was no money then.do you guys know the meaning of National interest? This company offered NO SERVICE, NO VALUE, brought in NO MONEY. And some Nigerians had to guts to say Nigeria must pay...

We made the right decision challenging the fraudulent situation in court. That case needs to be studied well.It may be a classic case of how the west is corrupt and impoverishes nations by exploiting legal hoops in coinaivance with willing accomplices
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by Myself2(m): 8:34am On Aug 29, 2019
[s]
alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS
[/s]

Why must you be pretentious and hypocritical.
What powers did Jonathan have as second in command ?? Delude yourself all you like, but the whole world knows Jonathan was NEVER IN CHARGE of anything as Vice President

2 Likes

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by maasoap(m): 8:34am On Aug 29, 2019
Nbote:


So U are blind to see atleast he salvaged some sort of arrangement by agreeing to a settlement abi? What exactly did hero do with dat settlement already agreed?


So, he could only enter into settlement agreements but had no liver or intention to honour it? Why transferring his mess to Buhari? He shouldn't have signed an agreement he had no intention to honour.
He didn't savage anything by not paying. In fact, his settlement deal put FGN in a tight spot, made her guilty too.

But it was okay to give questionable bailouts to states who hadn't accounted for how dey blew their allocations and most of who are still owing their workers salaries ryt?


Bailout was for Nigerians, it had impact on our local economy. That's better than dishing out some fvcking 850 million dollars to some gang of thieves.

It was okay to quickly agree to pay questionable percentage to some so called solicitors for an Abacha loot abi?

That percentage was out of the recovered Abacha loot, not giving charity to some faceless investors with no known website address

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by drlateef: 8:34am On Aug 29, 2019
aolawale025:
What an irony. The people that neglected to settle are those probing.



Neglected to settle a fraud perpetrated by PDP? What a stupid argument is that?

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by maasoap(m): 8:39am On Aug 29, 2019
[sup][/sup]
ednut1:
when they start seizing out assets hope u go get mouth

The one who made Nigeria guilty by entering into and signing a settlement deal should have paid up now. Why didn't he pay? There was no money to pay?
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by phineas: 8:40am On Aug 29, 2019
hush15:


an very sure you didnt read the write. From that report, the person that still tried salvaging the whole situation is GEJ. Though he wasnt the author, under his administration, they reached an 850million dollars settlement. Rather than talk to them that they were trying to settle down to understand whats going on and pay that settlement, they were being stubborn and trying to pin it on the last administration. Now, they moved the figures from 850million to 9.sumtin billion, how smart?

Somebody should investigate this malami guy, he knowa about this increase and trying to tale advantage of the situation. sumtin is fishy abeg


GEJ salvage attempt was unpatriotic. That said GEJ was an economic buffon.This is clear and will forever be clear to all generations.The comparative indices of his reign to other reigns in Nigeria and globally will forever judge him. That is a key part of legacy. He is the example of how leaders must keep an eye on a Nations treasury in their reign

To be precise. GEJ agreed to that deal when oil was at an all time high ever! But staff in Nigeria were being Owed salaries on a massive scale with no bail out, our foreign reserve, and ECF were massively depleted and at the lowest recorded ever.Nigeria did not have a job to spare. the question is why did he sign the agreement.

Do not quote GEJ here
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by maasoap(m): 8:40am On Aug 29, 2019
baratech:

Keyword you used: 'second in command'

First in Command when he signed the settlement deal. He should have paid up
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by obailala(m): 8:41am On Aug 29, 2019
freeze001:


Beyond the questionable signing of the deal which, take it or leave it, Jonathan had no influence over, you can attest to the actions the GEJ government took when he became substantive president. He reviewed it, found it unsuitable for Nigeria and sought to revoke it. It went to arbitration, a negotiated sum of $850 million was arrived at early 2015. To avoid unnecessary suspicion that he'd diverted almost $1 billion for elections, he left it for his successor even after elections were over and he conceded. Is Jonathan also supposed to take responsibility for the failure of Buhari and crew to quickly take action on these issues? Is he the one that asked Buhari not to appoint intelligent ministers in good time since he is obviously too slow to read and decipher/interpret his handover notes? Was it Jonathan that asked him to foolishly remain silent without reaching out to the company until they had to go back and get a substantive judgment against Nigeria inclusive of accrued interest?
I shake my head and laugh whenever I see this clever by half spinned up analogy being peddled about. He didnt pay to avoid suspicion indeed!

A president who had no problem or "fear of suspicion" when pulling off hundreds of millions of dollars illegally from the CBN to execute elections, is the same president whom some persons are now claiming deliberately did not pay a legally recognised judgement debt becasue of "fear of suspicion"?

GEJ deliberately did not pay that money, but not because of the above poorly fabricated political excuse. The reason GEJ did not pay was because GEJ wasn't stupid; for a country facing an imminent forex crisis, dwindled foreign reserves, progressively dropping oil prices/income and on the brink of possible recession, only a stupid leader would dole out $850million to ship outside the shores of his country at that time for a contract not even executed.

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by Kay17: 8:42am On Aug 29, 2019
agabusta:


So if you are just sworn in as president, the first thing you'll do is to pay 800 million dollars for a project that was never executed.

800 million dollars! Out of the economy of a country in recession. Oga, think deeply.

Nigeria is not paying that silly fine for one useless abstract dagbo project put together by internal saboteurs and their willing foreign counterparts.

No need to be talking conclusively. The whole thing will be renegotiated.

After your foreign assets are seized and sold.

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by maasoap(m): 8:42am On Aug 29, 2019
cry
FarahAideed:


See I started following this case before you ever heard of it so I know the case inside out .

Buhari had 3 options

1 . Get PI&grin back on the original partnership which would have earned Nigeria billions of dollars and reduced gas flaring by 80%.

2. Honor the 850 million dollars out of court settlement

3. Monkey around and allow PI&grin to get the 9 billion verdict causing Nigeria to lose 9billion dollars in assets and lose million of cubic litres of Gas to flaring yearly

Guess what you dull president opted for : Number 3

This is how Buhari made Nigeria lose over 50 billion dollars in oil sale projection because he claimed he wanted to recover a paltry 35 million from Tompolo .. Afamed keep supporting nonsense ok

The monkey who signed the settlement deal should have paid up. He undertook the settlement deal, made us the guilty party. Why didn't he pay up?

3 Likes

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by maasoap(m): 8:45am On Aug 29, 2019
jaxxy:
Yaradua’s Cabal signed the contract, Jonathan did what he cud to to settle the delay in executing the agreement and Buhari and his cabal in sheer arrogance ignored following up or reviewing the situation.

The way I see it the problem is from this government.

He made it worse by declaring that Nigeria was guilty. That apart, why didn't he pay?
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by RexTramadol1: 8:49am On Aug 29, 2019
Unsure postulations
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by phineas: 8:50am On Aug 29, 2019
Nbote:


So U are blind to see atleast he salvaged some sort of arrangement by agreeing to a settlement abi? What exactly did hero do with dat settlement already agreed?



But it was okay to give questionable bailouts to states who hadn't accounted for how dey blew their allocations and most of who are still owing their workers salaries ryt? It was okay to quickly agree to pay questionable percentage to some so called solicitors for an Abacha loot abi?


I don't get people like you. So paying the salaries of your own people who need the paltry funds to eat and survive is "questionable bailout"

You would prefer the country pays a bully/gangster briefcase company who offered NO SERVICE,brought in NO MONEY. They were extorting your country at the cost of the suffering of multitude.

You Sir have no conscience.you have no honour.I suspect you are not a Nigerian.And if you are,have you not heard to pray for the peace of your country.Those that do so will prosper in their ways. may you be rewarded in full in line with your interests and wishes for Nigeria.

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by phineas: 8:52am On Aug 29, 2019
obailala:

I shake my head and laugh whenever I see this clever by half spinned up analogy being peddled about. He didnt pay to avoid suspicion indeed!

A president who had no problem or "fear of suspicion" when pulling off hundreds of millions of dollars illegally from the CBN to execute elections, is the same president whom some persons are now claiming deliberately did not pay a legally recognised judgement debt becasue of "fear of suspicion"?

GEJ deliberately did not pay that money, but not because of the above poorly fabricated political excuse. The reason GEJ did not pay was because GEJ wasn't stupid; for a country facing an imminent forex crisis, dwindled foreign reserves, progressively dropping oil prices/income and on the brink of possible recession, only a stupid leader would dole out $850million to ship outside the shores of his country at that time for a contract not even executed.

So why did he sign the agreement? Where was the money supposed to come from.
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by jaxxy(m): 8:57am On Aug 29, 2019
maasoap:


He made it worse by declaring that Nigeria was guilty. That apart, why didn't he pay?

Where we not based on the timeline of the agreement? He didn’t pay cos he left office, it may even be more suspicious if he paid b4 leaving office.

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by gazza07(m): 8:57am On Aug 29, 2019
So Buhari on whose watch everything got to the lowest ebb PROUDLY missing���� � imagine

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by 247Dior(m): 9:00am On Aug 29, 2019
alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS
so you mean your buhari was right to discontinue the deal knowing that we're going to be in more problems?

1 Like

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by chozzy: 9:03am On Aug 29, 2019
greatiyk4u:
Those blaming Buhari here is a clear sign that their hatred for Buhari is out of frustration and their wailing is purely to destroy Nigeria

Why enter into such a huge Dollar deal with this kind of condition when you are not will to deliver

If not for transition of govt, Nigerians wont have been aware of this

#neveragain


Oga, Buhari's carelessness, slow to act, ineptitude and rigidity caused us this mess.
Six whole months without ministers and today we're in a hole - a much deeper hole

Jonathan made efforts to salvage the situation by striking $850m settlement deal with the prosecutor.
Why did Buhari and Malami ignore the settlement agreement and returning to the courts?

Sad ! Sad !! Sad !!!
Since the key actors (Yar'Adua and Rilwanu Lukman) are late, the entire blame rests on Buhari and Malami
for managing this problem poorly

2 Likes 1 Share

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by Kelvin30286063(m): 9:11am On Aug 29, 2019
The only face I see in this is Jonathan who agreed to sign a contract that will supply a company with oil for 20 years!
You promised them oil for 20 years! Are you the maker of the oil! It's like promising rain continously for 20 years. It's a natural resources! Why promise what you can't make!
Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by chozzy: 9:13am On Aug 29, 2019
maasoap:
[sub][/sub]

Do we need to you show you evedence from the Google search that Jonathan and Okonjo Iweala were already borrowing to pay salaries of federal government workers? If that wasn't recession, I wonder what it was.


Stop fooling yourself.
Till today FG and most State govts still borrow to pay salaries.
They collect overdrafts from banks pending the sharing of federal allocations. It's normal.

Recession started during Buhari's tenure.in 2016.
Prices of commodities were very stable at the time GEJ handed over

2 Likes 1 Share

Re: Faces Behind Deal That Landed Nigeria In $9.6bn Mess by IamaNigerianGuy(m): 9:15am On Aug 29, 2019
alezzy13:


Shouldn't your darling GEJ be called to explain how as second in command such a deal of such humongous amount was passed?

And pls spare he was 'held hostage by cabal' BS

Shut your mouth. It is spewing rubbish

(1) (2) (3) (4) (5) (Reply)

A White Lady On Tiktok Looking For A Townhall Different From Balablu / Lagos Is The Best Security Conscious State In Africa - Security Watch Africa / Tinubu & Allies Walk Out Angrily As APC South-West Leaders Meet - Vanguard

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 74
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.