₦airaland Forum

In one night, 21 billion naira is donated and our wonderful, intelligent Finance Minister is gunning for 10bn in form of luxury tax in a year? *in Tunde Bakare's voice* IDIOTS

jamace:
Please, don't say what you know nothing about. The NDA became a degree awarding institution in 1985. Did Buhari attend NDA from 1985 to date? The others you mentioned are military courses that offer MILITARY certificates.

Who says I know nothing about what I'm saying? Buhari joined the then Military Training College which is now the NDA to train as a platoon commander. Do you refer to OAU by its old name?

Arms scandal


Corruption in the Nigerian military is gargantuan and so vicious that even money meant for bullets to fight Boko Haram terrorists is stolen by top generals in the Nigerian army, an American official with inside knowledge made the shocking revelation on Wednesday.



Sarah Sewall, the under secretary of state for civilian security, democracy and human rights, said despite Nigeria’s $5.8 billion security budget this year, “corruption prevents supplies as basic as bullets and transport vehicles from reaching the front lines of the struggle against Boko Haram.”



Morale is low, and desertions are common among soldiers in Nigeria’s Seventh Army’s division, the main fighting unit in the northeast, Ms. Sewal said during a hearing of the House Foreign Affairs Committee on Wednesday.

In another shocking revelation, the White House disclosed also on Wednesday that it has deployed 80 troops to Chad in Central Africa in addition to the 30 men already in Nigeria ‎for the rescue of more than 200 schoolgirls kidnapped by Boko Haram on 14 April, but the U.S. Army as the Pentagon said on Monday will not share raw data with Nigerian soldiers as some of them are Boko‎ Haram members.

“On Monday, the Pentagon announced an agreement that would allow the United States to share some intelligence, including aerial imagery, with Nigerian officials, but not raw intelligence data. American officials are wary of sharing too much because they believe that Boko Haram has infiltrated the Nigerian security services,” the New York Times said.



The White House said ‎the American military personnel are not ground troops but mostly Air Force crew, maintenance specialists and security officers for unarmed predator drones that will help search for the girls.

“These personnel will support the operation of intelligence, surveillance and reconnaissance aircraft for missions over northern Nigeria and the surrounding area,” the White House said in a statement formally notifying Congress about the deployment.

The U.S. military has been flying manned and unmanned surveillance aircraft over the Sambisa forest where the girls are believed to be held.

The monumental revelations of corruption in the Nigerian army came the same day the army in Nigeria blamed the media for a negative perception among Nigerians.

http://simonateba.com/2014/05/22/nigerian-generals-steal-money-meant-for-bullets-to-fight-boko-haram-reveals-u-s-official/

Punishment: not a publicly acknowledged problem rather mutinous soldiers are sentenced to death.

Oil Theft Scandal

According to President Goodluck Jonathan, 300,000-400,000 barrels of oil per day, or more than 10% of all Nigeria's production, is being lost at a cost to the state and oil companies of around £1bn a month – more than is spent on education and the health of the nation's 168 million people. Not only is Nigerian oil theft helping to keep the world price of oil high, it is causing corruption and social disorder, says the president.

http://www.theguardian.com/global-development/2013/oct/06/oil-theft-costs-nigeria

Punishment: ex militant given contract worth billions to secure waterways. Rather than a decrease in oil theft, a marked increase is seen.

The former president also accused the Jonathan administration and members of the seventh National Assembly of promoting corruption and poor governance in the country. He specifically accused the lawmakers of siphoning public funds through what they call ‘constituency projects’.

“Nigeria cannot continue to indulge in disdain of truth, elevation of corruption and incompetence, reinforcement of failure, condoning of heinous crimes and celebration of mediocrity, tribal bigotry, fomenting violence and anti-democratic practices in the states and National Assembly.


http://leadership.ng/news/391870/jonathan-promoting-corruption-obasanjo

Malibu Oil Scandal

The $1.1billion proceeds paid to Malabu oil company was shared by some private firms owned by people very close to the presidency, a report by an anti-graft agency shows.

The sum of $1.092bn was paid by ENI AGIP and Shell into depository Escrow Account domiciled in JP Morgan Chase Co, London as proceeds for the sale of oil block OPL 245 on 25, March 2011, the Economic and Financial Crimes Commission (EFCC) report, which investigated the deal shows.

The report said that by August 16, the Attorney General and Minister of Justice Mohammed Adoke and the State Minister for Finance Dr. Yerima Lawal Ngama "instructed the release of $401, 540, 000" into Malabu Oil and Gas Ltd accounts domiciled with First Bank of Nigeria and $400 million into another Malabu accounts with Keystone Bank (former Bank PHB).

The EFCC report said "JP Morgan complied with this instruction and made the transfers on 23 August, 2011." Malabu, controlled by Chief Dan Etete, ex-oil minister, who was convicted of money laundering in France in 2007, further shared these monies to several other accounts belonging to individuals with very close ties to the presidency.

The following day, of the $400 million deposited at the Malabu's Keystone bank account, $336 million was transferred to Rocky Top Resources Ltd's account No 1005556552 with Abuja CBD branch of the same bank. The remaining balance of $60 million was transferred to account No 3610042596 (allegedly belonging to Etete) for forex trading, leaving zero balance with Malabu's Keystone bank account.

Of the $336 million transferred into the Rocky Top Resources account, $165 million was subsequently transferred into various individual accounts, leaving the balance of only $171 million, the anti-graft agency's report said.

Rocky Top Resources, the report said, was registered with the Corporate Affairs Commission (CAC) with 100,000 shares capital only and is owned by one Abubakar Aliyu.

The report said that first payment of $401 million to Malabu's First Bank account was distributed directly to A Group Construction Co. Ltd-also co-owned by Abubakar Aliyu ($157m); Mega Tech Engr. Co. Ltd ($180M); Imperial Union Ltd ($34m); Novel Property and Development Ltd-also co-owned by Abubakar Aliyu ($30m); leaving the balance of $143 million Malabu's account. And "reasons for this payment is yet to be ascertained," the EFCC report said.

Attempt to get the reactions of Adoke yesterday was not successful as he neither picked his calls nor replied text messages sent to his mobile phones. Ngama could also not be reached for comment.

When contacted on the matter EFCC spokesman, Wilson Uwujaren, asked for more time to respond to the questions.

Later, he told our reporter through the phone that he needed more time, explaining that the EFCC official that will brief him on the investigations was unavailable and promised to call back.

http://allafrica.com/stories/201205250138.html

Punishment: None

Abba Moro Immigration recruitment scandal

The dust refuses to settle on the ugly Immigration recruitment Scandal that claimed the lives of about 20 unemployed Nigerians across the nation last

week-end. Though President Jonathan earlier in the week canceled the recruitment exercise, the Minister of Interior, Abba Moro still have unanswered questions.

Per Second News investigations earlier in the week indicted Drexel Nig Ltd, and the minister as culprits in the national tragedy. Many questions are begging for answer by the minister of interior or the Comptroller-General of Immigration Services.

It will be pertinent for answers on who was responsible for the collection of the N1, 000 amount paid by the applicants and to whose account was the money paid to?

http://www.persecondnews.com/index.php/psn-news/item/693-nisgate-scandal-findings-provide-more-questions-than-answers
Punishment: none, He is still a minister after supervising extortion from graduates and death of 20 graduates.

$15 million Arm Scandal

A private jet that conveyed $9.3 million cash from Nigeria to South Africa for an arms deal between the two countries, had Nigerian crew members, and passengers from Israel and Austria, new documents obtained by PREMIUM TIMES in Johannesburg have shown.

http://www.premiumtimesng.com/news/headlines/171732-exclusive-revealed-the-nigerians-aboard-jet-that-smuggled-9-3-million-arms-money-to-south-africa.html
Punishment: government claims involvement in scandal. No further explanations to individuals on board. Blames US for black market arms deal

NNPC missing $20billion naira.

Even in a country where untold oil wealth disappears into the pockets of the elite, the oil corruption scheme he was investigating seemed outsize — and he threatened to lay it bare at a meeting with Nigeria’s top bankers.

The rabble-rouser was none other than the governor of the country’s central bank. Weeks later, however, he was out, fired by Nigeria’s president in an episode that has shaken the Nigerian economy, filled newspapers and airwaves here, and even inspired a rare street demonstration.

The bankers were going to have to open their books, the governor, Lamido Sanusi, warned them at the recent meeting. He wanted to see where the money was going — $20 billion from oil sales that, mysteriously, was not making its way to the treasury, in a country that could soon be declared Africa’s biggest economy and already attracts the most direct foreign investment on the continent, according to the United Nations.

http://www.nytimes.com/2014/03/10/world/africa/nigerians-ask-why-oil-funds-are-missing.html?_r=0



Punishment: Whistle blower was fired and we are awaiting report of auditors.

Stella Oduah car purchase scandal

The committee set up by President Goodluck Jonathan to probe the N255m bulletproof car scandal in the aviation ministry has indicted the Minister, Ms. Stella Oduah.

It was gathered in Abuja on Sunday that the report of the presidential committee tallied with some findings of the House of Representatives Committee on Aviation on the scandal.

In October, there were reports that with the approval of the minister, the Nigerian Civil Aviation Authority purchased two bulletproof BMW cars at an allegedly inflated rate of N255m.

The development sparked a countrywide controversy with many Nigerians and groups calling for her sacking.

http://www.punchng.com/news/n255m-car-scandal-presidential-panel-indicts-oduah/



Punishment: None

Police Pension Fund Fraud



The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned the ex-permanent secretary in the Ministry of Niger Delta Affairs, now a director in the Police Pension Office, Atiku Abubakar Kigo; the chief accountant, Mrs. Uzoma Cyril Attang, and four others before an Abuja high court on an 18-count charge of conspiracy, breach of trust and embezzlement of N32.8 billion police pension funds.

The six accused persons were docked before Justice Hussain Baba to whom the case was reassigned following a controversial judgement of the first trial judge, Justice Abubakar Talba: he gave a light sentence to one of the accused, John Yusuf, who pleaded guilty to a three-count charge.

But Attang, who was arraigned by the EFCC for the first time in connection with the alleged fraud, was granted N10million bail and two sureties in like sum.

Those who were re-arraigned include Esai Dangabar, Atiku Abubakar Kigo, Ahmed Inuwa Wada, Mrs Veronica Ulonma Onyegbula, Sani Habila Zira, Christian Madubuike, and John Yusuf who had been convicted.

http://allafrica.com/stories/201304110589.html



Punishment: accused getting a two years sentence or 750,000 fine. Paid 750,000

123bn Naira Fraud - Stephen Oronsaye



A damning report by the Office of the Auditor-General of the Federation has indicted a former Head of the Civil Service of the Federation, Mr. Stephen Oronsaye, over an alleged N123billion fraud perpetrated during his tenure, between 2009 and 2010.

The 169-page report, entitled “Special Audit of the Accounts of the Civil Pensions,” according to an online news medium, Premium Times, found Oronsaye guilty of allegedly presiding over the looting of the nation’s resources during his tenure.

The audit by the auditor-general arose from the work of a Special Audit Team constituted by the federal government in May 2011 to conduct a comprehensive examination of the accounts of the Civilian Pension Department domiciled in the Office of the Head of the Civil Service of the Federation.

The audit, which covered the period 2005 to 2010, uncovered monumental financial irregularities, opaque transactions, irregular and abnormal running costs, and outright stealing and kick backs said to have reached its zenith during the 18 months that Oronsaye served as Head of Service.

According to Premium Times, the Auditor General’s office completed its assignment and submitted its report to government in 2012.

But no action has been taken to bring all those indicted to book



Punishment: No action taken

Fuel Subsidy Scam

Nigeria's parliament has discussed a report said to reveal that $6bn (£4bn) has been defrauded from the fuel subsidy fund in the past two years.

The debate, which was televised live, made official findings that have been widely leaked in recent days.

The fuel sector probe was set up in the wake of angry nationwide protests in January after the government tried to remove a fuel subsidy.

Nigeria is a major oil producer but has to import most of its fuel.



http://www.bbc.com/news/world-africa-17823959



Punishment: Ongoing court cases, no convictions. House of reps report tainted by Farouk Lawan bribery setup

Kerosene Subsidy Scam
http://www.ft.com/cms/s/0/6c4aea72-93cd-11e3-a0e1-00144feab7de.html#ixzz3MRLlZkVk

However, annexes to Mr Sanusi’s memo show that the kerosene subsidy was eliminated in 2009 by a directive of the late president Umaru Yar’Adua. Further evidence, in the form of official data from across Nigeria, shows that nowhere in the country is kerosene sold at a subsidised rate. It is bought by the NNPC at N150, sold to marketers at N40-N50, but retails at N170-N250. Mr Sanusi estimates that $100m goes astray this way each month.
“The margin of 300-500 per cent over purchase price is economic rent, which never got to the man on the street. In dollar terms every vessel of kerosene imported by NNPC with federation money cost about $30m and it was sold at $10 or $11m generating rent of $20m per vessel to the syndicate,” he writes.

It was learnt that since the national assembly members concluded their investigations, no officials of the NNPC or the marketers have been sanctioned, thus emboldening them to continue to import kerosene and allocate to themselves and their cronies.

Apparently due to alleged pecuniary benefits, the NNPC has continued to import kerosene and allocate in questionable circumstances to individuals and groups at the ex-depot price of N40.90.

But rather than selling the product at the subsidised price of N50 per litre at filling stations, the beneficiaries of these allocations sell the product to middlemen at N95 or N100 per litre at the gates of the depots.

These middlemen, it was learnt, truck the product to the filling stations and sell between N130 and N150 per litre.
It was alleged that marketers give some of their allocations to some top PPMC officials to ensure that they turn blind eye to the scam.
The failure of the NNPC to implement a presidential directive removing subsidy from kerosene has fueled suspicion among the stakeholders.

http://www.thisdaylive.com/articles/kerosene-scam-persists-despite-national-assembly-probe/178403/

Punishment: None

Maina Pension Scam

It is believed that Alhaji Maina misappropriated billions of naira worth of pension funds, which he claimed to have recovered from pension thieves. The senate committee probing pension funds management accused him of mopping up pension funds from banks and depositing the money in his private accounts. According to the committee, this mopping of such funds had made it impossible to pay thousands of pensioners across the country for months. When he was summoned to appear and clear the air on the committee’s findings, Alhaji Maina instituted a N1.5bn case against the senate and the inspector general of police. Things came to a head last week when the senate passed a resolution asking the presidency to sack Alhaji Maina within two days or face its wrath. Although the presidency had initially insisted that only the head of service could sack Maina, it subsequently changed its tone and ordered that disciplinary action should be taken against him for absconding from his duty post without permission. -
Punishment: None, fled Nigeria.

See more at: http://www.nigerianwatch.com/news/1320-pensions-fund-chairman-maina-flees-nigeria-as-police-declare-him-wanted#sthash.OLZAdFMZ.dpuf




Feel free to add more

Until I see a train I can enter, have my seat and probably read a paper and get to my destination in good time, no transformation has occured. I'm yet to. All I see is noise on paper.

donphilopus:
It's an act of wickedness to even compare Osinbajo to Sambo. Who needs an inactive, ceremonial and above all clueless VP when an active, sharp VP-in-waiting is there?! We no longer need a VP whose official duty would be performed by a First Lady.

You nailed it there - official VP duty performed by First Lady.

dein77:
Millions of Nigerians are alarmed at the falling oil prices at the international oil market. For many, it's a sign of doom. But for me, and probably for a microscopic few, it's a blessing in disguise.

Our leaders have wasted decades of oil fortunes that would have been massively invested in infrastructures and other sectors of the economy, and now they are falling the accompanying consequences. Isaac Newton's Third Law of Motion comes to mind. It was only a matter of time before Nigeria paid for its profligacy and waste. We hardly learn, as a nation!

We have refused to think beyond oil; our mental faculties took a deadly sabbatical from the moment the blackgold was discovered in commercial quantities. Now, external forces are controlling our destiny as a people.

The falling oil prices will definitely FORCE our leaders to be more proactive in diversifying our economy. Diversifying our economy will definitely give us more options of survival. It's an economic suicide for an entire nation to depend entirely on a commodity so volatile in the International market. If ever we needed to diversify our economy , it's NOW.

The crashing oil prices will also, to a long extent, curb official corruption and impunity. Let's see if the government will seat idly and watch some few eggheads embezzle it's limited resources. A commodity that once sold at over $100 per barrel now goes for a little above $55! Infact the amount of money left to be embezzled is largely reduced.

The crashing oil prices may also force our thieves to pay more attention to our local refineries, as this may yield more profits than just selling the raw crude directly to the international at very low prices.

In every disappointment, there's some blessings. Let's take advantage of this slump and take more proactive steps. As an individual, I've taken some steps to curb financial recklessness as 2015 approaches.

He who fails to plan, has planned to fail.

Happy Xmas in advance, and a prosperous New Year to all Nairalanders.

The only leader that can't be forced is Jonathan. This is why he left recurrent expenditure unchanged and slashed capital expenditure ie he will continue to feed fat without investing in what can make us self reliant. His measures to shore up revenues as announced by NOI are abysmal and not far reaching - Raising 10bn naira from luxury tax (same amount spent by Diezani for private jets) and increasing VAT to 10%, spending cuts announced shows that it's not forcing them to do anything, it would force us instead into hardship.

fx45:
I guess U didn't hear IBB tell the whole world that the dullard is the only military officer that failed ALL his military courses... Are U just plain daft or are U as ignorant as Pa Buhari who has Nigerians that he will stabilise oil prices if elected into office? That ignoramus must never be allowed to be seen miles close to Aso Rock. God forbid!

Did IBB tell the whole world on a Hopefornigeria facebook page run by GEJ acolytes? Fool.

donmalcolm21:
I read the first part of GMB interview on Thisday, he blamed everyone but BH, SLS needs to be careful because GMB will not like his strong personality and how he says it black or white. APC call your armed wing to Order please.

Really? I guess you didn't see where they were called terrorist. Liar

bushdoc9919:
Actually, it has nothing to do with Iran and Russia.

You see, American oil production has been increasing, and this in turn is causing a fall in their dependency on Saudi Arabia. And the Saudis do not like it....so they are forcing OPEC to flood the market...leading to oil prices falling.....in a bid to bankrupt the American domestic oil producers...and force the US to buy Saudi again.

Also, oil is being discovered everywhere. Fifteen years ago...no one would have called Benin, Ghana and Uganda oil producers. Now....they are producing oil. Oil is increasingly being discovered in new areas.This pushes the price down further (Same problem happens in agric...if all the farmers in a country produce bumper harvests....the price of grains falls as a result).

That is why Nigeria needs to get off oil. Even Putin of Russia admitted yesterday that he should have diversified Russia's economy from oil years ago.

If South Korea that was behind most West African countries in 1960....is now ultra advanced and China, whose GDP per capita was behind Sierra Leone in 1973....are now both industrial superpowers with no need for IMF/World Bank manipulations....why not Nigeria?

Oil is a curse.

Thank you

He went to the Nigerian Defence Academy, Defence services staff college, United States Army War College and Mons Officer Cadet School. The Nigerian Defence Academy is described as the only military university in Nigeria.

Gbawe:
@Chemali.


My good man,do you now see my point being proven fluidly? imagine an adult writing this:

I was shocked o. I clearly see your point. Some people can't be helped

hizroyalflynes:
dindinrin... IF u want to use this criteria to judge
Then u nd ur likes are epitome of stupidity and shallow thinking entities
Guess ur fast-leaching brain didn't let u think before blabbing that GEJ is corrupt yet he hasn't appear before court talk less of been convicted since the Ceo of ur party isn't corrupt because hasn't been convicted

I never said they are not corrupt, I said never been convicted in a court of law or fugitives from the law (Not that attempts at conviction were not made). What president openly fraternises with fugitives from the law apart from GEJ? Next time use ur brain (it has uses) when talking to me. Now read what I wrote again and respond appropriately.

hizroyalflynes:
Last I heared tiefnubu,athiefu,amaecwu are close associates of anti-corrupt crusader

Ode. Last I heard, Tinubu, Atiku and Amaechi have never been convicted in any court of law and are not fugitives from the law like Alams and Buruji, close associates of Jonathan.

WhiteTechnology:
Face reality


Hausa Fulani people believe they can't survive in a decentralized and restructured Nigeria that is why they opposed change in the last CONFAB


Buhari is a diehard Hausa Fulani


You Yoruba people are deceiving yourselves that a typical Hausa Fulani will change over night


Buhari will build some projects fill it up with his supporters deceiving himself and his supporters that he has achieved much not knowing that overcentralization of Nigeria must be discarded if Nigeria must grow

Your mind is made up. No point arguing.

BrosPeter:
you're the paid poster, you posted what apc will do and someone who lives in abroad asked how and where the money will come from and i agreed with him. why didn't you argue with the guy i seconded? here is his post.



the poster is a british citizen, thats how its done over there, apc needs to tell us where they will get the money. empty promises otherwise.

Hahahaha.... A british citizen my foot. If you read my response to him, you will see the manifesto of the two main parties in Britain. There is no cost breakdown. It's not done that way there! Dude, it's amazing uttering the statement - "the poster is a british citizen". We have dumb british citizens for your information!

WhiteTechnology:
APC dreamers

We have told you guys several times that until our internal and export economy is diversified the naira will always be subjected to crises like this.


The fastest economic route to achieve diversification are

1) Resource control

2) Fiscal federalism

3) Privatization


Which will see the States LGAs Corporations and Individuals aiding FG in economic development


So keep thinking that a Buhari whose Hausa Fulani people are anti all these listed above will do the magic

The fact is Buhari will continue with status quo and confuse himself and you guys who lack proper understanding of economic development with few projects

From what you have written, we are in agreement that the status quo is detrimental to our growth, right? Now you say with certainty that a man whose actions in public life runs parallel to the status quo will continue with the status quo? It just doesn't add up. You struggle to find reasons on why not to elect him.These ideals you listed are contained in APC's manifesto and if you have an open mind, we can hold them to this for the next four years. If they don't perform, we elect another government. We cannot reward inefficiency and failure with another four years because of an irrational fear of APC.

BrosPeter:
how much will they raise from the cost cutting? Oya tell me make i hear.
As for pdp manifesto google it, am not a paid poster, jonah read out his manifesto the day he got pdp nomination to be presidential candidate.


lastly, who told you evading cost details is globally accepted? So obama will just tell americans he will do this and that without telling them where he would get the money?

There is no use arguing with you... You are obviously a TAN PPP. Use Google to show me when Obama was campaigning and made promises showing cost details.

A manifesto is defined as "a published verbal declaration of the intentions, motives, or views of the issuer, be it an individual, group, political party or government". Show me the published declaration.

BrosPeter:
You posted the manifesto, am asking where will apc get the money to pay for them.

I promise to buy you helicopter by next week, am sure you believe me, trust me, am going to buy it for you.

You see, any body can make promise, this is just promise and more promise, where will they find the money?

I've answered this question previously and will answer again. The manifesto itself shows places the government should cut cost. If you cut cost - unnecessary expenditure, reduce corruption and grow the budget to 30% of GDP, they will pay for these things. The clear takeaway for you from this is a manifesto shouldn't contain cost details. This is globally acceptable practice. My challenge is still open - show me PDP's manifesto. I hope you won't try to sidestep the question again.

nationwide1:
It's rather your reasoning that is lame, illogical and filled with hate. Do you mean Amaechi has no ambition of higher aspiration in politics? Tinubu has been the sole sponsor of APC, did you mention how much your emperor milk from each of the South West APC states? Jonathan is bad market but Buhari who has not developed himself in any way for 30 years, a coup plotter, a man who could not select his running mate will not be a greatest mistake in the nation's history? Bravo!

And you think that ambition is only fulfilled as a stooge to the president? Or APC as a party has 0% chance of being at the centre? Or cos he decamped he should be compensated immediately?
Who told you he hasn't developed himself? He was PTF chairman with a lot of achievements and four years after he stepped down, he contested for presidency. He has always selected his VP and without doubt his VP wasn't foisted on him without his acceptance. He won't accept what he doesn't want and that has been consistent with him over the years.

BrosPeter:
You dey read mind

APC promise heaven and earth but fail to say where they gonna get the money to pay for the heaven and earth.

Show me a manifesto that shows that. And while you are at it, send me PDP's manifesto.