amc:
Oil prices. And he also borrowed and emptied ECA and Forex Reserves

Jonathan met $47.7bn in our foreign reserve in 2009 and despite that crude sold for upward of $100 per barrel for a good period of his tenure, our reserves witnessed depletion and the man left it at $29.1bn in May 2015.

Jonathan met $20bn in our Excess Crude Account in a time of oil boom and squandered it leaving only $2bn when he left.

Our totally debt (states and FG) was $35.09 billion In 2010 and increased to $67bn in 2015 by the time he left.

All the above in a time of unprecedented high oil prices.

Kukutente23:

Yeah. You're right. But you get the main gist right?
It's more about how you manage your resources and not the availability of the resources as that dude is claiming

MASTERCHIEF0847:
Crude oil prices were at its highest levels during GEJ days which was an advantage and also he had a good and competent economic team led by Ngozi Okonjo Iweala and other economic and financial experts who were picked based on merit instead of nepotism and political patronage as it was during Buhari and now under Tinubu.
Nigeria is now heading into “Gangster Capitalism “ like we had in countries like Russia,Romania,Belarus and other former Soviet Union states…the economy being controlled by criminals and outlaws with government power.

Kukutente23:

Did Sanusi advance any documents to back his claim? It was after that appearance that PwC was contacted and they came back with $1.48bn unremitted.
Don't forget that Sanusi's claim was that NNPCL did not remit $49.8bn not that it was missing. I hope you understand the difference.
By his claim, NNPCL was deliberately withholding money that should accrue to govt. Yet he could provide NO evidence. Just kept shifting figures

mikeapollo:


Please stop referring to PWC report. What PWC did was to wash their hands off the issue by issuing a "no opinion" report which was a clear and clever way of staying neutral in order not to jeopardize their business interests in Nigeria. It has been proved beyond any doubt that NNPCL could not reconcile $20billion proceeds from oil that were supposed to be remitted to the federation account .

Kukutente23:

Can you show the proof
How did PwC wash their hands off the issue when they issued a report

mikeapollo:

PWC washed their hands by issuing a "no opinion" report!
They refused to give their own independent opinion on the matter. That is what auditors do when they want to wash their hands off and remain neutral

Kukutente23:

Can you show where they wrote "no opinion" in the report
Can you mention what principle or rule says auditors should wash their hands off a matter by issuing "no opinion"

mikeapollo:


You want me to go through the stress to obtain and spoonfeed you with all the facts without you making an effort to find out by yourself?
Go search it on Google and read to educate yourself if you care to learn and know the facts of the PWC audit.
You can also decide not to do anything and be arguing online in ignorance because you want to defend someone who may not even care about your existence.

Kukutente23:

Shut your dirty mouth
I was the first person and still the only one so far on this thread to post the PwC report. So give me quotes from the report where they "washed their hands off" the audit.
The other guy that was arguing at least showed he understood the report. You in the other hand are exhibiting the mentality of a zombie.
You have made claims. Back it up with evidence from the report

mikeapollo:


Thank you for the insults and for displaying the mental stuff you are made of. Your first task on a fine Saturday morning. You are doing well. Congratulations.

Open your PWC report, go to the section "Auditors Opinion" and read what you find there.
Please don't go about insulting people if what you read does not please you.

Kukutente23:

Well, you started with the insults. Don't whine when the favour is returned.

Simply paste it here. Let everyone see it. Stop sending me messages to fish for your evidence for your claim. You made claims. Prove it just as I did mine.

mikeapollo:


I hope I have not offended the "gods" by referring "your highness" to your own PWC report that you claim to have, and using it as your "evidence".
"Your highness", sir, kindly open the same "evidence" that you have (PWC report) and read the section highlighted for you.
Don't run away from your own "evidence" .

Kukutente23:

I am not running away from anything. All I'm asking you to do is to post it. Simply post it so there'll be no argument on what it contains and what it doesn't.
It's a screenshot required of you that you've turned into rocket science. I guess you enjoy rambling than making cogent statements backed up with facts.

mikeapollo:

Okay. Let us assume that I am a novice with no knowledge of how to post a document online.
Why do you still want me to post something that you already have with you?
Please help a novice. Kindly refer to the document in your possession(PWC report).

VULCAN:
Pls provide the link to the arrest of the petroleum minister with £18.5 billion.

I ask because that sounds like a figment of your imagination

blueAgent:


My friend close your mouth, b4 thunder fire you.
Which crude oil was highest?
This administration have had average crude oil price of $75 and above yet nothing to show.

Kepukepu:
no sir, this is not true.

Crude price during Buhari was highest price. APC is just shit

TheOgaBoss:
crude oil price and especially the price of lng has been very high since the Russia Ukraine war started, even b4 the war it was rising, go and compare with the prices during Jonathan's administration.

Memphis357:

The way you APC propagandust people just quote figures anyhow.... Do you even know just how humongous £18.5bn is?
Una heads dey too worthless!!

PepeXKermit:


big lies. Jonathan's management of the economy had nothing to do with an oil price boom, how much was oil then and how much is oil now?
bullsheet assertion to unrope the two other disasters that came after him. Same excuse Buhari use, same excuse una wan use bail out emilokan. What was Oil price when OBJ took power?

Yeye

MASTERCHIEF0847:

Go tell your papa to close him mouth you mannerless illiterate.
Compare the prices you idiot. Na your papa thunder go fire.

blueAgent:


Why would i trade words with a buffon, that values ethnic loyalty above truth and logic?

Clown.

Kukutente23:

Well, novices should learn and not argue. If you can't substantiate a claim, don't make claims.
If you don't have the document, don't make claims on it.
Simply paste the screenshot of the auditor's opinion where they washed their hands off the report.
You APC mob held previous govts to highest standard but yours you make excuses for.
Anyone can imagine what will happen if a CBN gov made such claim under APC govt. Would there even be an audit publicised in the first place?
Yet, a govt that went the extra mile in terms of transparency, you guys have the guts to pooh pooh their efforts.
Bloody hypocrites!!

Kukutente23:

Well, novices should learn and not argue. If you can't substantiate a claim, don't make claims.
If you don't have the document, don't make claims on it.
Simply paste the screenshot of the auditor's opinion where they washed their hands off the report.
You APC mob held previous govts to highest standard but yours you make excuses for.
Anyone can imagine what will happen if a CBN gov made such claim under APC govt. Would there even be an audit publicised in the first place?
Yet, a govt that went the extra mile in terms of transparency, you guys have the guts to pooh pooh their efforts.
Bloody hypocrites!!

qwertyuioplm:
Despite paying for subsidy and not a producing nation exchange rate moved from 140-180 ,what type of magic did he perform

MASTERCHIEF0847:

You are a real mumu i pity those around you. I have posted the figures there for you to dispute, you think everyone is dull like you and an ethnic bigot like you?
I am not Ijaw nor Fulani so i wonder how your small brain came to the conclusion of ethnic loyalty? You be real mumu i pity the woman who go marry you.

aviara:
APC govt thinks governance and managing an economy is all about revenue generation so they increased VAT and other fines and fees. What they failed to realize is the impact of all these policies on the general prices of goods and services in the country.

Tinubu in less than 3 months in office has increased school fees, removed fuel subsidy, floated the naira and still introducing crazy fees almost in all sectors of the economy. It's the poor man that ends up bearing the burden of all these bad policies.

Governance is not first of all about revenue generation, but the prosperity of the citizens not about the prosperity of the government.

walexbiz:
He too was part of the problem. He didn't save during the raining days and he too went on spending spree even when the price of crude oil was high. He failed to repair the ailing refineries, placed the surveillance of crude pipeline in the hands of militant and there was upsurge in illegal siphoning of crude oil. Sanusi raised alarm about squandering of 20bn USD by NNPC and up till today nobody was arrested