IkpuNnegiEwu44:



He is a mega Thief for signing such unpatriotic deal. Osibande and rocket science FashOLE are thieves and saboteurs that should be killed by firing squad if Nigeria is China

what is the deal that Osinbajo signed? Were they part of the pdp govt that privatized power?. The report did not even specify exactly what they did wrong. The bunch of stupid house members are just making noise to pretend to Nigeria that they are working. Why can't they meet with them and seek clarification of things. A professor of law and who have been running a world class law firm for over 40yrs will just sign an agreement without knowing the implications.. Shior!!

IkpuNnegiEwu44:



He is a mega Thief for signing such unpatriotic deal. Osibande and rocket science FashOLE are thieves and saboteurs that should be killed by firing squad if Nigeria is China

Brainless Ipob Yoots, you wont shut your dirty mouth now before it lands you in jail? Children of 5% don come again
You just open that your uncontrollable mouth located in your branless head, without any facts, hoping to tarnish the image of a race that is far superior to yours, it would land you where you dont expect. Gon and ask Jude Udeh

Shey they said that buhari's government is here to fight corruption but why is it that corruption and looting allegations worsen in this anticorruption government?

From this ministry to another commission

SmartProf:
I think the two supporting horses and eagle on the coat of arm of Nigeria should be replaced with images of people weeping, unemployed, and in abject poverty. Other parts of the coat of arm should show images of massive looting by politicians and top govt officials. That's what Nigeria truely is.

Savage

Please don't defend your own thief,defend Nigeria!!!

All of them are looters

I have always said this and will keep saying it;
If they audit the privatization of power sector and the amount of money spent by FG on power sector even after the supposed privatization, Nigerians will be wowed!

A lot of money has been spent to give Nigerians darkness.

Our darkness is the most expensive in the world. It costs our government millions of dollars to serve us darkness.

May God heal our land and give us better leaders.

While Suswam in his committee’s report suggested that a loan should be given to generation and distribution companies, Lawan suggested that senators who are lawyers should study the various agreements signed by the government and explore ways of getting Nigeria out of the dilemma.


“The privatisation was faulty from the beginning. We can’t completely blame them. There’s nothing wrong if we give subsidy to the power sector until they become stable and liquid.”

This is another battle between the FG and the obsolete DISCOs and GENCOs, unfortunately, the DISCO and GENCO lobby group managed to recruit corrupt house members like Suswam to carry their water bottle for more government bailouts, loans and slush funds.

This man in one breath agreed that the privatization deal was faulty, but his solution is to keep sending free government money to uphold a faulty system that's not yielding any fruit while at the same time demanding defending of another deal he claimed to be faulty.

See the fast and crooked money game these corrupt house clowns are playing?

Fact is, the DISCOs and GENCOs are nothing but disasters and worthless parasites, they don't want the FG to look elsewhere for our power solutions so they fight and ridicule government efforts.

Reading this article, it's quiet obvious that this man's main angle is for the government to keep flooding the worthless and unproductive DISCO and GENCO with more free government money, they want the $30 million going to the that Azuza power plant and I'm even 100% sure that their claim that the power plant is not performing as expected is total BS.



Just imagine this Suswam discrediting the FG giving honoring agreement with a private power company while advocating for the same FG to keep sending loans to obsolete DISCOs and GENCOs, where is the sense here?

These clowns think we are stupid and we don't know what they are doing,

When was the last time these crooked lawmakers did anything in favor of Nigeria?

Senate Chief Whip, Orji Uzor Kalu, questioned the continuous subsidy paid by government to power companies. He said if the current status quo is maintained, Nigeria will never get it right.

He further argued that the power sector agreement should be revoked to offer opportunities to multinationals to bring in their funds and invest in sector, while lowering the interest rates.

“The sector is not viable. Even if the government puts N600 billion, nothing will change. We need to bring in multinationals to bring in their money. Are we really that stupid? Why did we privatise if we still needed to give them subsidy? Any power company that can’t do its job should give it back to the government. Government has no business giving subsidies to the sector. That can’t work. We need to stop this madness.”

Sam Egwu said: “The privatisation process was fraudulent. I was a board member. Even if we put all the money in the sector, nothing will happen. The privatisation was done in a hurry and we need to ensure we give it to capable hands who can provide electricity.

Not a fan of Orji Uzor Kalu, but this is the one million dollar truth, the privatization deal was rubbish from the beginning, it was a PDP padi padi affair, they sold power assesses to their cronies, cronies with zero power management or generating experience, cronies without funds to grow and expand their business with.

The FG declare a power emergency, introduce a power marshal plan to uproot the whole power system and rebuild from scratch no matter what it takes.

SLAP44:
Knocking out another two presidential hopefuls from the SW, just like they did pOladipo Diya and Adisa

How can a presidential hopeful and a lawyer sign that type of agreement?

While Suswam in his committee’s report suggested that a loan should be given to generation and distribution companies, Lawan suggested that senators who are lawyers should study the various agreements signed by the government and explore ways of getting Nigeria out of the dilemma.


“The privatisation was faulty from the beginning. We can’t completely blame them. There’s nothing wrong if we give subsidy to the power sector until they become stable and liquid.”

Despite FG’s N1.02 trillion bailout to power sector, Nigerians still in darkness



by ISAAC ANYAOGU On Jul 10, 2018


As at June this year, the Federal Government has committed the sum of N1.023 trillion in different kinds of bailout packages to Nigeria’s floundering power sector yet Nigerians marinate in darkness with power generation at abysmal levels of less than 4,000MW daily.



In 2015, through the Central Bank of Nigeria (CBN) under the administration of former president Goodluck Jonathan, the Federal Government provided the sum of N213billion as Power Sector MarketStabilisation Fund at concessionary interest rate below market rate to DisCos and GenCos.


https://businessday.ng/uncategorized/article/despite-fgs-n1-02tr-bailout-power-sector-three-years-nigerians-still-darkness/

Yes, we should keep pumping money into obsolete DISCO and GENCO even after giving them N1.02 trillion bailout with darkness in return, this is what the crooked and corrupt lawmakers are demanding.

How much kickbacks are they collecting from the DISCO and GENCO?


Bloody bastards.

fxdee:
what is the deal that Osinbajo signed? Were they part of the pdp govt that privatized power?. The report did not even specify exactly what they did wrong. The bunch of stupid house members are just making noise to pretend to Nigeria that they are working. Why can't they meet with them and seek clarification of things. A professor of law and who have been running a world class law firm for over 40yrs will just sign an agreement without knowing the implications.. Shior!!

Mr Man the report stated that we might loss 1.2billion dollars from our foreign reserve because of the agreement they signed.

Charleys:
I want to be the first to put Tinubu in this topic

Audio prob

True sha

lagdmark:

It would've been better to sell the country to a more competent organisation than for APC to loot the economy empty.
The only news about this government is Looting! Looting!! Looting!!!. Everyday and everywhere.

[s]

festacman:
This report simply targeted VP Osinbajo. It said many things in general but nothing substantial in particular. We play politics with too many things in this country but lack the capacity for critical and strategic thinking.

My dear senators, the point to start is the IMMEDIATE review of that FAULTY privatization that gave to DISCOS and GENCOS that still guzzle money like dry sand does to water instead generating power. Fix the faulty foundation, first. Any other thing is simply muddling things or looking for money to loot.

[/s]

naa its more like ALL NIGERIAN POLITICIANS ARE EVIL PEOPLE

zombieTRACKER:
APc is an evil party

fxdee:
what is the deal that Osinbajo signed? Were they part of the pdp govt that privatized power?. The report did not even specify exactly what they did wrong. The bunch of stupid house members are just making noise to pretend to Nigeria that they are working. Why can't they meet with them and seek clarification of things. A professor of law and who have been running a world class law firm for over 40yrs will just sign an agreement without knowing the implications.. Shior!!

Where is the target and who is the target?

Every news report must engage in deception and splash names to get attention and generate traffic.

Aksnoopy:
So Osibanjo was actually a thief indeed. A self-acclaimed pastor conniving with politicians to steal billions from the masses.

I said it earlier on naira land and sheeples in Nigeria dignify his leadership.
A leader that's involved in ruling a country that is going down the drain is that one a good leader.
It is just common sense to know that. He is a thief hiding in snail corners.

Aksnoopy:
So Osibanjo was actually a thief indeed. A self-acclaimed pastor conniving with politicians to steal billions from the masses.

The Azura-Edo IPP is also the first Nigerian power project to benefit from the World Bank’s ‘Partial Risk Guarantee’ structure, specifically created to meet the developing needs of emerging markets world-wide, and political risk insurance for equity and commercial debt from the Multilateral Investment Guarantee Agency, also part of the World Bank group. Significantly, the overall transaction will be underpinned by financial support provided by the Federal Government of Nigeria through a Put and Call Option Agreement agreed by Dr Ngozi Okonjo-Iweala, the Coordinating Minister for the Economy and Honourable Minister of Finance; complementing the Power Purchase Agreement that was signed in 2013 between Azura and the Nigerian Bulk Electricity Trading PLC (NBET).

https://aiimafrica.com/media/media-centre/azura-power-signs-890m-financing-for-azura-edo-ipp/

Unfortunately for you, your crooked and corrupt uncle Jona and his sidekick madam okonjo negotiated the deal and signed the agreement back in 2013.

TheFreeOne:



If the above is true then the FG better be preparing for it cos no one should be surprised some politicians and civil servants are already popping champagne and waiting for it to happen as the essence of deal may be for it collapse for them to have their share of the $1.2b


The crop of leaders we have aren't patriotic, loyal nor interested in the well-being of the country aside selfish interests.

Most Nigerians are happy for the federal government to privatize nnpc as usual. Nigerians mumu neva do.

Shooyie:


Proof please? You don't just make accusations without proper proof.

What proofs, you know more than the senate abi, if na Hushpuppi your mouth for dey run like water. was he the one that made the claim that the deal is fraudulent.

One4me:


If they jail you now, you will say Govt is wicked!
You are falsely accusing the V.P, Fashola and other eminent Yoruba people.
How can the people be responsibile for the Nigerian Govt not trasmitting Power that was signed ans generated or is it Osinbajo or Fashola that are supposed to transmit Power for TCN?
W~as if Osinbajo or Fashola that signed away the PHCN to fraudulent Nigerian Politicians-turned Power Providers?
That Suswan that looted his state dry has entered the Senate and is still looking for ways to loot again.
Sunsidy my foot.
As for you these Ipob fools who just write nonsense and try to smear the image of Yoruba PEP, your time to go to jail is loading very fast.

Who signed this particular deal base on the senate claim?

fxdee:
what is the deal that Osinbajo signed? Were they part of the pdp govt that privatized power?. The report did not even specify exactly what they did wrong. The bunch of stupid house members are just making noise to pretend to Nigeria that they are working. Why can't they meet with them and seek clarification of things. A professor of law and who have been running a world class law firm for over 40yrs will just sign an agreement without knowing the implications.. Shior!!

This is how you people support wrong decisions made by the theives called politicians.
If you are intelligent enough refute those claims by the senate with evidence.
This is the same fraudulent deal the past administration in Ghana signed that skyrocket electricity bills and incurred increase in taxes just to pay according to the agreement.

Aksnoopy:
So Osibanjo was actually a thief indeed. A self-acclaimed pastor conniving with politicians to steal billions from the masses.

Judge not that ye be not judged. Matthew 7 :7
Remember that he is innocent until proven guilty

onyechez:

What proofs, you know more than the senate abi, if na Hushpuppi your mouth for dey run like water. was he the one that made the claim that the deal is fraudulent.

lmao...


Nigerian senate are all of a sudden saints and truth tellers.

You people fit dance with the devil as long as the devil is the enemy of your enemy.

am I the only one noticing this pattern of attack?
the North east purposely attacked the favorite Efcc Magu using him as scape goat to justify other upcoming sacrifices of ally. later the North(Senate) and West(hiuse of rep.) came for Nddc Akpabio, Later The North (Senate) comes for Osinbanjo and Fashola while The west(Rep) goes after northeast Development commission.....
massive political chess game is happening right now, Let's watch Tinubu vs the Fulani intelligentsia

Corruption seems to be increasing on the daily

onyechez:

This is how you people support wrong decisions made by the theives called politicians.
If you are intelligent enough refute those claims by the senate with evidence.
This is the same fraudulent deal the past administration in Ghana signed that skyrocket electricity bills and incurred increase in taxes just to pay according to the agreement.

The Azura-Edo IPP is also the first Nigerian power project to benefit from the World Bank’s ‘Partial Risk Guarantee’ structure, specifically created to meet the developing needs of emerging markets world-wide, and political risk insurance for equity and commercial debt from the Multilateral Investment Guarantee Agency, also part of the World Bank group. Significantly, the overall transaction will be underpinned by financial support provided by the Federal Government of Nigeria through a Put and Call Option Agreement agreed by Dr Ngozi Okonjo-Iweala, the Coordinating Minister for the Economy and Honourable Minister of Finance; complementing the Power Purchase Agreement that was signed in 2013 between Azura and the Nigerian Bulk Electricity Trading PLC (NBET).

https://aiimafrica.com/media/media-centre/azura-power-signs-890m-financing-for-azura-edo-ipp/

You are not intelligent enough to know that they did not give you any evidence or facts regarding their true agenda and the nature of the deal.


You are also not Intelligent enough to know that the deal and agreement was actually signed by Jona and okonjo back in 2013.

Was Fashola and Osinbajo part of Jona administration in 2013?

Look in the mirror before needlessly attacking other people for lack of intelligence.