₦airaland Forum

[color=#000099

], It’s Hatchet Job, Says VP

[/color]

I hope Orji Kalu has not run away as his best friend Atiku has been indicted, you people should watch him oooo lest he will escape.criminals all of them

I hope Orji Kalu has not run away as his best friend Atiku has been indicted, you people should watch him oooo lest he will escape.criminals all of them

CAN OKRO GROW TALLER THAN HIS MASTER? atiku makes a very big silly mistake by ever trying to oppose his MAKER. Even George W. Bush can't forgive that if it was him,any man or woman trying to defend atiku is an enemy of our beloved country, Just have a look at the amount of money this people are mentioning while the masses suffer,This is demonic

The Senate Ad-Hoc Committee on Petroleum Technology Development Fund (PTDF) and other Related Matters or Organisations has indicted Vice President Atiku Abubakar of certain wrong doings in the affairs of the agency.
But the committee fell short of indicting President Olus-egun Obasanjo after concluding that he and the Federal Executive Council acted in disregard of the law establishing the PTDF in the approval of, and payments for, certain projects.
In the report of the Committee laid on the table of the Senate yesterday by its Chairman, Senator Victor Ndoma-Egba (SAN), Obasanjo was said to have acted in disregard of Section 2 of the PTDF Act by giving anticipatory approval to some projects commenced by the PTDF last year, which the Federal Executive Council (FEC) later ratified.
The report, which will be debated by the Senate in plenary today, said Atiku abused his office by aiding and abetting the diversion of public funds in the sums of $125 million and $20 million and further stated that he should be sanctioned for any offences disclosed.
The report also indicted Atiku’s friend, Otunba Johnson Fasawe, Ahmed Vanderpuye, former PTDF Executive Secretaries, Hamisu Abubakar, Husseini Jalo and Adamu Maina Waziri of different acts and recommended that they make appropriate refunds to the agency’s coffers in addition to prosecution in some cases.
Senate President, Senator Ken Nnamani, said he would initial the 75-page report before it would be circulated to each Senator ahead of today’s debate in order to guard against allegations of doctoring that has trailed the list of corrupt candidates by the Economic and Financial Crimes Commission (EFCC).
According to him, "The time of propaganda is over; this is the time for facts and figures; it is not the time for emotions. I will initial every page here so that there will be no kind of doctoring".
Chairman of the Committee, Ndoma-Egba (SAN) had cautioned the media against publicising the report that was not initialled by the Senate President and had refrained from commenting on the details of the report at his weekly press briefing with Senate Correspondents.
He disclosed that Senator Titus Olupitan who was a member of the Committee had indicated his intention to submit a negative view on the Committee’s work and had therefore declined to append his signature to the report.
Ndoma-Egba stated that what Senator Olupitan would do today would not amount to submitting a minority report as, according to him, "Section 102 (F) of our Senate rules does not allow for minority report".
The Committee’s recommendations are as follows:
•That Otunba Johnson Oyewole Fawsawe should be made to refund the sums of N400 million purported loan to NDTV from TIB, N420 million purported loan to Mofas Shipping Company Limited and N730 million purported loan to NDTV and be prosecuted for any offences disclosed. EFCC had recovered N100 million from him.
•That Ahmed Vanderpuye should be made to refund the sum of N300 million purported loan to Transvari Services Limited from TIB and be prosecuted for any offences disclosed.
•That Hamisu Abubakar, Executive Secretary of PTDF from September 2000 to July 2005 abused his office by diverting public funds in the sums of $125 million and $20 million approved for specific projects to deposits in banks, some of which were fraudulently converted as loans to NDTV, Mofas Shipping Company Limited and Transvari Services Limited and other criminal acts and should be prosecuted for any offences disclosed. EFCC had recovered N200 million from him.
•That Husseini Jallo, the Executive secretary of PTDF from July 2005 to November 2005 having abused his office through criminal acts and for which N49 million and six vehicles have so far been recovered from him by EFCC should be prosecuted for any offences disclosed.
•That his Excellency, Alhaji Atiku Abubakar, Vice President of the Federal republic of Nigeria from 1999 to 2007, abused his office by aiding and abetting the diversion of public funds in the sums of $125 million and $20 million respectively approved for specific projects to deposits in banks, some of which were fraudulently converted as loans to NDTV, Mofas Shipping Company Limited and Transvari Services Limited and should be sanctioned for any offences disclosed.
On President Obasanjo and the FEC, the Committee said:
•In respect of some projects commenced by PTDF in 2006, particularly the establishment of African Institute of Science and Technology in the Federal Capital Territory (FCT); incorporation of Galaxy Backbone, Plc; and purchase of computers for civil servants under the Computer for all Nigerians Initiative (CANI) for which Mr. President, Chief Olusegun Obasanjo, gave approval and subsequently obtained the ratification of the FEC, laudable as they may seem, were outside the mandate of the PTDF as provided for in Section 2 of the enabling Act.
•The President, Chief Olusegun Obasanjo and the Federal Executive Council acted in disregard of the law establishing the PTDF. Though the ratification by the FEC may mitigate this breach of the law, it however does not absolve the President and the FEC.
The report continued: "The Committee therefore recommends that the President be advised to adhere strictly to the provisions of the law establishing the PTDF at all times in either approving projects, expenditure of funds or howsoever.
•The Committee further recommends that the projects which are outside the purview and contemplation of Section 2 of the PTDF Act should not receive any further funding from the PTDF. The Committee also recommends that the said projects be verified and evaluated".
The report stated further in respect of other recommendations thus: •That in respect of the Progress Report on Obasanjo Administration and Photographs for State House Library, though the sum of N4.5 million approved for the project by the then Executive Secretary of PTDF, Alhaji Adamu Maina Waziri was within his approval limit, he should be made to refund the said sum of N4.5 million to PTDF nevertheless as the project was outside the contemplation of Section 2 of the PTDF Act.
•That all the projects approved for the PTDF from 2003 till date should be verified and evaluated by the relevant Committees of the Senate, that is to say, Committee on Petroleum (Upstream) and Committee on Public Accounts, or alternatively by Ad-Hoc Committee for this purpose.
•That the relevant committees of the Senate should be alive to their oversight responsibilities over the PTDF.
•That Marine Float Accounts should be independently investigated by the relevant organs of government especially Independent Corrupt Practices Commission (ICPC) since the initial investigation by the EFCC had generated controversy.
•The taxes payable on the bill by Emmanuel Chambers should be recovered by the PTDF and paid over to the relevant Tax Authorities. The said Chambers should also itemise its bill.
•That all the accounts in the name of the PTDF within and outside Nigeria should be established by the Senate Committees on Petroleum (Upstream) and Public Accounts, or in the alternative, an Ad-Hoc Committee established for that purpose.
It further recommended that "The PTDF Act should be amended to: provide for a Governing Board/Board of Trustees; provide for the constitution of the Board which should reflect Federal Character; in view of the increase in bonuses, the funding of the PTDF should be streamlined by formalising the limits of bonuses payable to the Fund to either 25 percent of bonuses or $100 million per annum whichever is less; and statutory provision for audited accounts of the Fund".
The report added: "The management of Fund should be re-organised/restructured to enhance its capacity to deliver on its well-defined objectives and to insulate it from politics.
"The Agencies like the Central Bank of Nigeria, Ministry of Finance, Office of the Accountant General of the Federation, Department of Petroleum Resources and the Office of the Auditor General of the Federation that have direct bearing with the Fund should play their roles as expected to aid the Fund in meeting the objectives for which it was established.
"The PTDF Act when amended should include the Solid Minerals sector and should be renamed Petroleum Technology and Minerals Development Fund".
The Committee in arriving at the recommendations said it relied on its findings on such issues as placement of deposits with TIB, loans to Otunba Fasawe and the NDTV/PTDF link; placement of deposit with Equitorail Trust Bank, its relationship with the Vice President, Otunba Mike Adenuga and GLOBACOM; and additional approval of $20 million for PTDF in 2003, among others.
For instance on the issue of release of N20 billion and N10 billion to PTDF and the use of the same to fund third term agenda as alleged by the Vice President, the committee stated as follows: "On 10th May, 2006, the PTDF obtained Mr. President’s approval for the sum of N20 billion for the execution of the following projects: Final finishing touches to the upgrade of eight federal universities; the upgrade of Petroleum Training Institute to Federal University of Petroleum Engineering, Effurun, Warri; the procurement and supply of Laboratory Equipment Project to 102 Unity Schools and six Federal Polytechnics;
"The ICT Centres in 102 Unity Schools, 20 Colleges of Education and 24 universities; the National Technical Institute, Bonny, Rivers State; the Federal Polytechnic, Tugba, Bayelsa State and the Post Graduate Overseas Scholarship Scheme.
"From the submission of the PTDF, the Committee noted that on 13th September, 2006, the Accountant-General’s office authorised that N10 billion should be released to the PTDF.
"PTDF Management in their oral testimony confirmed that till date only N10 billion out of the required N20 billion has been released to the Fund. Therefore, the evidence before the Committee is that so far, only N10 billion of the approved funds were released to the PTDF".
According to the Comm-ittee, other facts included among others, "The information gap between the PTDF and the Accountant-General of the Federation regarding the inflows or out flows from the PTDF Reserve Account. That some of the accounts kept in the name of PTDF by the Accountant-General of the Federation were not known to the PTDF.
"The decision to restrict the funding of the PTDF to a limit of 25 percent of signature bonuses or $100 million per annum whichever is lower was done without legal backing.
"The supervision of the PTDF by the Executive has been grossly inadequate and this is compounded by the lack of the exercise of proper oversight responsibilities over the PTDF by the relevant Committees of the National Assembly particularly the Committees on Petroleum (Upstream) and Public Accounts.
"As a result of poor supervision, bogus and unrealisable projects were recommended and funds approved for them", and "Many of the projects for which monies were approved have not been implemented’".
The Committee said it looked at the Marine Float Accounts and found out that it was at best a second line beneficiary of the PTDF fund, adding that it noted that "contrary to arguments that no PTDF funds were lost in the various placements, the sums of N400 million loaned to NDTV, N420 million to MOFAS Shipping Company Limited, N730 million to NDTV and N300 million to Transvari Services Limited by TIB remained unrecovered.
"Though the loans have since been restructured with the acquisition of TIB by Spring Bank, Plc, the loans cannot however be recovered outside the restructured framework without endangering the financial health of the bank".
At a briefing yesterday, Senator Ndoma-Egba maintained that the Committee did not invite Atiku to appear before it, adding that it was the Vice President who insisted that he wanted to personally appear before the Committee.

Man where do you get that from? thats really interesting to read,I laugh till I shed tears,thanks for that ok.

So how is our dear naija? hope OBJ and Athief has not kill you people?

Remain bless

Hello creamish,your right,only that I dopn't want him to mess himself up by the time our ladies in the house will handle him.

Creamish can we get in touch offline please? check my profil and get my email.am waiting

Do you have enough money to give to the ladies in the house cos they all love money so much,especially, hot-angel,niky,Radiant,and you know what i mean? if your poor better start running before this our beautifyk ladies in the house will eat you alive.

Thanks for your article, is interested, I hope everyone understand.

Nigerians are experiencing real democracy or democrazy as fela call it, if they cannot bear what is happening in the country they should divide that country and let the south south and the south east go their way as UNITED STATES OF BIAFRA (USB) afterall nothing comes from the yorubas and the hausas, yet they are disturbing the peace of our nation. nonsence how can a small VP fight his boss?

Anywhere, as you said she is the ONLY daughter of your best friend, I ADVICE YOU NEVER TO GO FOR ABORTION let her have the destined child,if you go for abortion and she die on the process,that will be more sinful and unforgivable as you will make your best friend and his wife not having a daughter. You disvirgined her and were enjoying the young,Fresh,smooth tight PUSSY,GOD have a reason for everything that happens under the sun, who knows if the girl may die naturally within some years to come,thereby making her mother not having a daughter whatsoever, so please let her have the baby, if you can't affort to take care of her I beg you in the NAME of GOD Send me to and the expected baby to me, I will help you, email is :honestysmith@yahoo.co.uk write me offlist ok.

Please everyone blaming him should think of the unknow that makes GOD allow this to happen,I have seen and experience same situation back in Naija, where a girl of 14 years was imprenated by a man of 33 years of Age,the both families agreed to let her have the baby, which she did and had a twince boy and girl,and the girl later died just after two year of been a mother in a Mother Accident in Owerri Imo state,and she was the only child for that matter,then her two children gives hope to your mother and father, Hope you all got what I mean? Please help him encourage him to let this girl have that baby.

Men should develop their inner eyes and Vision and really know that NOTHING UNDER THE SUN CAN EVER HAPPEN WITH GOD HAVING A PURPOSE FOR IT.

Love you all[color=#006600][/color]

What Igbo's saw and fight the Nigerian Biafran Civil war that lasted for 3 solid good years, is what you people are seeing just today? Rememver Ojukwu went to greet ken saro wiwa in prison,they right there ken saro wiwa apologies to him for not supporting ojukwu during that Bianfran war and now the whole zone is suffering. and what happens after that, he ken saro wiwa lost his life.

When you guys talk of OIL producing states, remember that ABIA STATE,IMO STATE,and Anambra STATE all have oil a very big one for that matter and yet The federal Government SEALED this places for fear that this people will come again to fight another Biafran war,take it or leave it Nigeria is not one country and will surely divide.

Republic of BIAFRA Must exist,do you think it is the people of the Niger delta that are causing this crisis? South East OR South South are all BIAFRA

I learnt 4 things:

O my Lord, if I worship You from fear of Hell, burn me in Hell; and if I worship You from hope of Paradise, exclude me from Paradise. But if I worship You for Your own sake, do not withhold from me Your Eternal Beauty

If someone remarks, "What an excellent man you are!" and this pleases you more than his saying, "What a bad man you are!" know that you are still a bad man

There is an organ in the body that, if it is righteous, ensures that the whole system will be righteous; and if corrupt, the whole body will become corrupt. This organ is the heart

-The hidden world has it's clouds and rain, but of a different kind. It's sky and sunshine are of a different kind. This is made apparent only to the refined ones- those not deceived by the seeming completeness of the ordinary world

reach me for more: honestysmith@yahoo.co.uk

Ask him how true is this:

God did not create woman from man's head, that he should command her, nor from his feet, that she should be his slave, but rather from his side, that she should be near his heart.

The present moment is never involved in thinking. Whenever you think, you must be thinking of something from the past or something in the future. You spend very little time in the present moment. Reality exists only in the present moment. Therefore you spend very little time in reality. -

The present moment is never involved in thinking. Whenever you think, you must be thinking of something from the past or something in the future. You spend very little time in the present moment. Reality exists only in the present moment. Therefore you spend very little time in reality. -

Leave the path of death, and follow the path of life. Leave attachment to things and places, and instead enjoy the liberty of detachment. Do not cling to foolish friends, instead rejoice in solitude. Break free from possessions and from desires - from whatever may darken the mind. Attachment to things and to places is spiritual bondage, and leads to darkness. Surrender all attachments, and enjoy the pure light of spiritual freedom. Even in this mortal life you can enjoy eternal nirvana[/color][color=#000099]

Dearest Sister,

Personal interest makes you think you love him or that he loves you,How much CASH are you getting from him that you can't let GO?? I love my Blessed country and its people so much,and can't bear to see any Nigerian in pain, my Sweet sister please forget that Prostitute man and Look very well your GOD'S destined husband or lover is standing nearby,he is not yet in your life cos that married man is standing on his way. THINK BABY. you can reach me :honestysmith@yahoo.co.uk I will tell you what I can't share with you online.

Echidime

J-Girl, you lied, or are you dreaming? do you think that men are still what you ladies thought they were in the 20th century? Here in Cameroun 95% of ladies don't wear either bra or pants, they show thier things as if they are animal, and men go about their business with their eyes closed, only seeing GOd with their Heart and not you naked girls.

SO if you liek come out fully naked no one will notice you.

Echidime

IMA1, I can supply you and your club as many French girls dancers as you want, as only french girls can really dance Naked in the club to attracts customers to your Biz.Naija girls can't they are shy and think is immoral. Contact me off line if your interested.

Honestysmith@yahoo.co.uk

If any one alos want french dancers please contact me offline

Echidime

Nite Angel, please can you write me, I want to know that secret place of the most high.

My email :honestysmith@yahoo.co.uk am waiting please

IF I DIE FOR HER, SHE WILL TAKE MY WEALTH AND GET HERSELF ANOTHER MAN WHO WILL BE FUCKING HER WHILE ENJOYING MY TREMENDOUS WEALTH,SO MY ANSWER IS NOWAY CAN'T DIE FOR A WOMAN.

THERE IS NOTHING LIKE LOVE, ONLY GOD LOVES US AND ONLY GOD POSSES LOVE [color=#000099][/color]

IF I DIE FOR HER, SHE WILL TAKE MY WEALTH AND GET HERSELF ANOTHER MAN WHO WILL BE FUCKING HER WHILE ENJOYING MY TREMENDOUS WEALTH,SO MY ANSWER IS NOWAY CAN'T DIE FOR A WOMAN.

THERE IS NOTHING LIKE LOVE, ONLY GOD LOVES US AND ONLY GOD POSSES LOVE

I think you should find time and approach him either in his house or his church office and humbly ask him what he meant by doing that to you, if you go to his house then you must have made up your mind to make him fall on his bed with you, hope you understand,but if you go to his church office, you both might not fall on the ground but may do the thing while standing,come to think of it, is he not handsome enough to drive his Hummer jeep inside you? afteral you stand to gain by sharing the church money with him. baby think fast before you lose your God destined opportunity of making money. I love you sha, but am in far away Cameroun, but if you can contact me I think I will love to know you. Email is:honestysmith@yahoo.co.uk