₦airaland Forum

phemmyutd:
Are you too daft to go to any court to tender your evidence?

scribble:
https://www.karensperspective.com/wp-content/uploads/2010/03/dollar_rain.jpg



Dollarization Of The APC Primaries: How Amaehi Vanquished Atiku #saibuhari

The blogosphere was inundated with reports of the excessive sharing of dollars at the All Progressives Congress which took place during the latter part of last week.

One APC supporter and Special Adviser to Osun Governor on Environment, BolaIlori had blown the scandal open after he saw the beginning stages of the dollarization in action.

He took to his Facebook page and scribbled, “Crazy things are happening here!!! Some of these cannot represent the change Nigeria is yearning for. Excessive dollarization by one of the aspirants to is to say the least obscene. I have been involved in political process for decades now, I have never witnessed this volume of raw dollarization of party primaries. I only read about this kind of things in PDP primaries. A question been asked by conscientious delegates is that whoever can be giving out between $2000 to $5000 to…delegates certainly does not represent the kind of change Nigerians want…those who contributed to the pauperization of Nigeria now revel in dollarization… majority of Ondo delegates are still standing with Buhari but have been reduced from 85% to 70% within 24 hours…the remaining has gone with dollars ooo.!!!!!”

One has to wonder how Buhari was able to win the primaries in this era of stomach infrastructure where dollars are like the Biblical manna that God sent down from heaven to nourish the Israelites as they made their way to the promised land.

Sources close to the APC with knowledge of the way the Primaries unfolded have revealed that it was Rivers State Governor, Amaechi who flew back to Rivers State and returned to Lagos on Thursday morning with enough dollars to make Benjamin Franklin blush.

It has been revealed that Atiku offered the delegates $5000 each, but Amaechi doubled it to $10000 a pop. Thus turning the tables in favour of General Buhari.

Since his adventure into the APC, Amaechi has gone out of his way to prove himself a party loyalist, always the first to shoki or azonto at the many events the APC holds, which he himself is usually the chief sponsor.

According to party insiders, Amaechi has overtaken Tinubu as the major financier of the party. One does not need to wonder why he is always at President Jonathan’s throat over misappropriated oil wells or other such business. Anything that diminishes from the State’s coffers will have a ripple effect on his funding budget for the APC.



Joe Francis wrote in from Port Harcourt.


http://www.theheraldng.com/dollarization-apc-primaries-amaehi-vanquished-atiku-saibuhari/

joe120120:
..This are old story to NA,NAF''NN and NPF .the fact is He GMB is not fighting corruption

naijacentric:
its so sad buhari is a fraud he was packaged to us as a saint i even prefer abacha to him sef tunde idiagbon did d magic for buhari no wonder buhari incompetence is now showin

AngelAhnie:
The law is made for the poor, with money you are on top of the world.

Paperwhite:
Guy welcome! You never fail to impress me with your intelligent contributions on this forum. You see how the sanctimonious bubu & his appointees have continued to ruin this country in the name of fighting kwarapton?

PhockPhockMan:
But Buhari, in the document titled, ‘I pledge to Nigeria’ had also said that all his political appointees would only earn salaries and allowances as prescribed by the Revenue and Mobilisation and Fiscal Allocation Commission.

He said, “I pledge to publicly declare my assets and liabilities, encourage all my appointees publicly declare their assets and liabilities as a pre-condition for appointment. All political appointees will only earn the salaries and allowances determined by the RMFAC. I pledge, as Commander-in-Chief, to lead from the front and not behind in the comfort and security of Aso Rock, to boost the morale of fighting forces and the generality of all Nigerians.”

http://www.punchng.com/news/buhari-vp-fail-to-declare-assets-publicly/

Rapmoney:
Every country deserves the type of government they have!

"I'm ashamed of being a Nigerian" - Ken Saro-Wiwa (Nigerian Human Rights Activist, 1995)

midolian:
Highly embarrassed!

Buratai's savings indeed have done a lotta wonders. The Snake charmer to me belongs to the Dasuki family and should be treated as such.

ledaman:
sahara reporters can lie! when was Buratai given funds to procure ammunitiona ? useless and sentimental reporters!

tolufase:
Hope this man will be investigated by Mr President who claimed to be fighting corruption. Wait o, immunity does not cover COAS. Just waiting for the excuses why he cannot be investigated.

tobimillar:
Sahara reporters!! I am waiting for an exposé on amaechi!! And why is buhari turning a blind eyes to this eye popping report!!

ba7man:
If you see the scale of this project in Lagos, you'll realize that whatever you're talking about are toys compared to it.

Kenai:
The Rivers Monorail has already arrived...

And it's about to take off...
[img]https://www.nairaland.com/attachments/1570278_images-4_jpeg_jpeg2ce038dbd0b51d8e59b0a0d616a6e40b[/img]
.
.
.
.
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[img]https://www.nairaland.com/attachments/1570371_screenshot_2014-07-23-16-07-14_png29b18d0d659492af789f2e7a9401cc15[/img]

... To outer space.

ijekul:
As the Judicial Commission of Inquiry set up by the Rivers State Government to probe the sale of valued assets of the state and other matters continued its sitting on Friday, the technical consultant to the state on the monorail project, Arcus Gibbs revealed that  he advised former Governor Chibuike Amaechi against continuing with the project.

Managing Director of Arcus Gibbs Nig Ltd, Wiero Viguezang, however said his company gave the advice only after collecting N22.9bn from the Rivers State Government since its services were enlisted in March 1, 2010.

Viguezang spoke when he appeared before the commission to explain the role played by his company in the monorail project being probed by the commission.

While being cross-examined by counsel to the commission, Dr. Zaccheus Adangor, Viguezang, stated that the monorail project was no longer tenable considering the shortfall in the state’s revenue and the inability of its original technical and equity partners, TSI Nig Ltd, headed by the former military administrator of Rivers State, Brig-Gen Anthony Ukpo (Rtd.), to fulfil its obligations to contribute 80 per cent of its equity holdings.

He disclosed that the state owes his company N1.1bn for its services.
He also said the company had in a letter to the Rivers State through the ministry of transport, in April, made a six-point recommendation to the Rivers State on how to unbundle the monorail project in such a way that the state government can salvage some financial benefits out of the N33.9bn so far invested in the project. The monorail project was originally estimated to cost about Euros2250m.

The technical partner had in its sixth point of recommendation suggested to the Rivers State Government to unbundle the monorail project and approach the manufacturers of the mechanical components and rail tracks in Germany and exploit the possibility of reselling components at a lower price to the manufacturers.

He said the company also advised the state government to consider the option of using the monorail facilities for other commercially viable purposes, mentioning the spaces between pillars and surrounding areas of the monorail project, stressing that the area between Azikiwe Road and the UTC axis could be put into very fruitful commercial purpose.
Viguezang also told the commission that his company and the state government had planned to unveil the monorail project last April specifically to mislead the people of Rivers State into thinking that the project, which has gulped N33.9bn, was still on course.

He admitted that his company wrote a memo to the commissioner for transport to arrange the unveiling of the project essentially for media coverage since the project was “technically uncompleted”. 

According to Viguezang, “We actually wrote to the ministry of transport in January, to arrange for the governor to unveil the monorail project in April for the attention and coverage of the media based on the expectation of the people of the state.”

When asked to clarify if the unveiling was to deceive the people of Rivers State into believing that the controversial monorail project was ready, Viguezang admitted; “It was to deceive the people into believing that the monorail project was at last ready”.

The managing director, however, stressed that “apart from the media coverage and public attention that it is expected to generate, the monorail was not technically and commercially ready. Only phase 1a within phase 1 of the project was ready. So, there was no way the public would have been able to use the monorail as at April when we asked the ministry of transport to unveil the project to the media”.

Viguezang admitted that the Rivers State government enlisted services of Arcus Gibbs at the cost of N600 million from March 1, 2010 to December 1, 2010, after the memorandum of understanding (MoU) with TSI collapsed because TSI could not raise revenue to fulfil the payment of its 80 per cent equity share capital.

He stated that part of its role as the technical service provider to the Rivers State government concerning the monorail project was to evaluate and assess the activities of TSI and give an independent opinion to the Rivers State government.


http://www.thisdaylive.com/articles/how-technical-consultants-advised-amaechi-against-monorail-project-after-collecting-n22bn/218811/

gboss4sure:


1 paint of Garri now 500 from 300
Fuel from #85 to #145
Dollar from #220 to #355+
Kerosine na die.
10kg gas from 2500/2700 to N3700.

I guess is only few Nigerians that are buying fuel at #145 and dollar at 350+ while the majority according to bubu's govt are buying at #85 and #199.

Abeg how can I join this majority of Nigerians that are not experiencing this high cost of living?

Make una send me the form biko nu.

anibi9674:
dumb, dumbo, dumbest. comment.

janellemonae:
U can read more abt d project here:

https://en.m.wikipedia.org/wiki/Lagos_Rail_Mass_Transit

Clearly according to ur quotes d Canadian company was trying to stiff us for more money dn necessary. Good thing they realized their mistake & switched to d Chinese. All major construction projects go through timeline challenges. By d time they start d red line, it will be wt clearer eyes.

anonimi:
[img]http://3.bp..com/-0cjSRaVqdv4/TWEJI4eES7I/AAAAAAAAAO8/nZkAaHlM5IE/s1600/sunbornyatch2C.jpg[/img]


Lagos N8bn Sunborn Yacht deal, bad business — APC


More from: http://www.punchng.com/news/lagos-n8bn-sunborn-yacht-deal-bad-business-apc/

kay29000:
Look at you still looking for excuses to justify the misinformation you typed earlier. Please answer me, how many Universities are in Lagos? 'And what is the % compared to the need in the entire state?' Yea, right. SMH!

Firefire:
You need deliverance, bro.

Please. FAST!

kay29000:
Dude don't speak on what you don't know. They are close to 10 (if not more) technical schools in Lagos. One opposite saint finbars in Akoka, one around WAEC yaba, one at Ikotun near NEPA bus stop, etc.

68816419:
Previous government wanted those old Toronto trains, but had to change their plans and settled for a cheaper and newer trains from china

eaglechild:
We can't complete Lagos light rail project

We obviously can't complete Lekki international phantom airport.

And you will be the biggest fool to think that we can complete Eko Atlantic.

Use your head people where do you think we are getting all the money we are using to sponsor Buhari


www.nairaland.com/attachments/2079192_fasholaa_jpegfc425dbc9482db4d2098e4dd5e8bee75

RockHard:
Like seriously Op, how can you say Lagos 'is not ready for this??

MathsChic:
Some days ago, I was at a secondary school in Surulere (across the bridge from the Island) in Lagos for a friend's event where he is educating secondary students about the perils of peer pressure. I honestly wasn't expecting what I saw as the state of this secondary school.
It left me wondering if this was a school or a dump yard. Why in heaven's name are Nigerian leaders looking the other way while the young ones study in this sorry environment?

The attached pictures are what I saw. This is no secondary school. It's a hopeless shanty. I hope this gets to front page and attracts the necessary attention.



www.nairaland.com/attachments/3124804_20151126164323_jpeg933998a57f8c28234ccaa665d2fefc46



www.nairaland.com/attachments/3124836_20151126163829_jpeg3798e0f98a572b323f9b9ab93cf4eb74

OmoAjowa7:
OP how can you call this misplaced priority?

Do you know how many jobs will be created from this blue line alone?

SweetJoystick:
Nice but target completion date looks far away in my eyes even though it's nearby

anonimi:
www.nairaland.com/attachments/2135824_image_jpeg9f360c5ab7736510df54c882e9dbf188


TTC in talks to sell old trains to Lagos. Are they safe enough?
AUGUST 10, 2011

As Toronto trainspotters gleefully take maiden rides on the TTC's Rocket, commuters in Lagos, Nigeria may be about to get some new trains of their own. Our old ones.

A TTC spokesperson has confirmed that the commission is negotiating with a private group to sell up to 260 used train cars to the West African megacity's new transit project.

"I can confirm that the TTC is in discussion with a third party that wants to purchase trains for Lagos," said commission spokesperson Brad Ross. "Over a period of time, they will be taken out of service and then transported over to Nigeria."

The cars being considered for sale are the TTC's old H-5 and H-6 models, which will be decommissioned as the TTC rolls out its new fleet of Rockets. Ross predicts the earliest they could be shipped to Nigeria is sometime in 2012.

Traffic snarls are already a major economic problem in the Nigerian capital, a booming city that will reach an estimated population of 25 million by 2015. A new above-ground rail system designed to carry 1.5 million people a day has already broken ground, and Lagos Governor Babtunde Fashola has said it "will be the most multi-dimensional and most impactful" of the government's efforts to reduce traffic congestion.

Fashola visited Toronto earlier this year to inspect the TTC trains.

The Lagos deal would be the first of its kind for the TTC. Decommissioned cars are usually sold for scrap metal and can fetch up to $1,500 dollar each. While Ross declined to discuss specific figures, he says the sticker price for Lagos is "significantly more" than scrap prices, putting the potential profits to the TTC in the millions of dollars.

It is not unusual for technology from western nations to end up in poorer countries. Marketplaces in Africa and Asia are flooded with North American clothes, computers, and even cars, but the purchase of larger technology like trains is rarer.

The cars will have to be significantly refurbished to fit existing infrastructure in Lagos, and some Nigerian media reports have lamented that the government appears to have settled on "tokundo," or used, trains instead of brand new vehicles.

Although half the cars are more than 30 years old, Ross is adamant they are perfectly safe and are only being decommissioned for capacity reasons. But he also admitted the TTC is not required to make sure the cars meet any safety standards before selling them.

"Once sold, it's up to the new operator to ensure they are in good working order," he said. "They do need to be maintained much more frequently than the new trains, simply because of their age. At some point they will run out their useful life."

Murtaza Haider, director of the Institute of Housing and Mobility at Ryerson University, said the age of the cars is definitely a cause for concern.

"We should be ensuring that there is some service life left in these vehicles and we're not going to be playing havoc with the lives of those who would ride these vehicles," Haider said. "There's metal fatigue, and that metal fatigue could result in dangerous conditions. I would be paying a close watch on this for the next ten years to see how many accidents do happen in Lagos."

He also warned that while rail systems are glamorous as far as transit infrastructure goes, they are not always as effective at reducing congestion as other options. Nevertheless, new rail systems are frequently preferred because governments can take advantage of kickbacks from large contracts.

According to media reports, the cost estimates for the Lagos rail project have varied wildly from $1.2 billion to $30 billion. In 2010, a Nigerian government watchdog accused Fashola's government of widespread corruption.

"More often than not, politicians favour rail transit because it is more expensive," Haider said. "It's almost useless in some cases, and less productive in most cases, than a bus system. But you can't buy busses for $30 billion. You can inflate prices and make a lot of money buying a rail system."

From: https://nowtoronto.com/news/next-stop-nigeria/

Firefire:
Fellow Nairalanders, in response to Fashola comments below on not receiving enough support from the federal government to complete the Lagos light rail project.

[size=15pt]
"Fashola said all over the world, when cities and states build municipal rails like what Lagos is doing, their central governments support them morally and financially"[/size]

https://www.nairaland.com/2120455/cant-complete-lagos-light-rail

Few months ago same Fashola said this:


[size=15pt]Lagos: How We Spent N160bn World Bank Loan on Light Rail Project[/size]

The Lagos State Government yesterday justified the N160 billion it borrowed from the World Bank, noting that the fund was channelled to finance its light rail (blue line) project.

However, the state government expressed disappointment at the progress of the project, which it said, was not executed as smoothly as possible, but was optimistic of its completion.

The state Governor, Mr. Babatunde Fashola, said this shortly after inspecting the light rail terminus at the Orile-Iganmu part of the state alongside some members of the state executive council.

Speaking with journalists, Fashola said the project would have been completed in another 12 months despite that the project execution was not as smooth and speedy as he wanted it.

The governor raised questions on the intention of the federal government for publishing the state debt profile in the recent time, wondering what could have informed the decision to make it public.

He said: “I think it was the Debt Management Office of the federal government that published the report that we have a debt of about N160billion. I do not know the intent of the publication.

“But if it was to inform the public, I think we have always kept the public informed anytime we borrow money. If there are other intentions behind that, only those who make the publication would know what the intentions are.

“But you see, when people talk about debt of a state like Lagos, they forget that after Nigeria, South Africa, Egypt and one other country, we have the fifth largest economy in Africa.

“When you are talking of about a billion naira debt to a population of over 21 million people; because if you are measuring the debt, you also have to measure the responsibility. Those are the things people keep in isolation.”

He, therefore, explained that the state government already “has in place, strategies to repay the loan. The federal government was in the know of the state’s decision to take the bond and it approved it.”

[size=15pt]He added that the truth “is that what they do not also say is that no state in Nigeria can borrow money outside, from any multilateral agencies without the approval of the federal government.[/size]

“What they did not say is that they approved it. No state can raise money by bond the way we have done without the federal government’s approval. [size=18pt]Both SEC and NSE are all federal regulatory agencies through which we must pass. If they said okay, it means there must be something good about the debt.
[/size]

“Our rating as a state is the same as that of the Federal Republic of Nigeria, BB minus-stable with a positive outlook. We are the only state in Nigeria that has that rating. The first bond that was taken during my first tenure has been paid; the first tranche has been paid.

“I think the second tranche will be settled around 2016 or 2017. We are already making provisions. The provisions that will be there will be in excess of what is needed,” the governor said

Fashola expressed satisfaction on the progress of the light rail project, though decried the petty delay that was encountered as a result funding, saying the project would have should have been completed in another 12 months.

http://www.thisdaylive.com/articles/lagos-how-we-spent-n160bn-world-bank-loan-on-light-rail-project/188736/

bukitt:
Oh really? Where d heck he's been? Dude used to burst d mic wey back at OJB's studio.

Bantino:
Tinubu will be crying by now

Estimable:
All hail the king of the North.......

Angelb4:
That net is good for fishing