this is just the beginning of the end for amaechi

if APC wins 1 PDP,they'll lose 1000 members to the former and vice versa
what a funny scenario

There is unconfirmed report that military
troops in Borno State carried out another
successful operation at Sambisa forest on
Monday, leaving no fewer than 100 Boko
Haram militants dead.
A source who spoke to DailyPost in
Maiduguri, the Borno State capital, said it
is believed that many camps might have
been destroyed as well.
DailyPost reports that military helicopter
and fighter jets were seen hovering around
the state capital and heading towards the
Sambisa forest.
It would be recalled that
when the Chief of Army
Staff, Lt General, Azubuike
Ihejirika addressed the
officers at the 7 Division
Nigerian Army
headquarters in Maiduguri,
he urged them to prepare
and make necessary
sacrifice to bring an end to
insurgency in Borno and
North-East in general.
A response is still being
awaited on an email
message sent to the
spokesman of the 7
Division Nigerian Army, Col
Muhammad Dole, for
confirmation of the military
attacks.
http://dailypost.com.ng/2013/11/26/boko-haram-unconfirmed-report-says-military-kill-100-militants-borno/?wt=4

Røtten_egg: of course I am indeed a legendary fool...

very true

imauri:

No he doesnt need to explain anything, read the message you daft ram bleeping maggot... Abachas government was 1000 times better than all the democratic governments we have had since 1999.... LOOK AT THE DAME MESSAGE... is it a lie? vagabond

stupidity is speaking through you.....how will money stolen be recovered from an incorruptible person,not just once but twice and still counting
for your own good please click this link and be enlightened
http://www.thisdaylive.com/articles/okonjo-iweala-why-recovery-of-185m-abacha-loot-is-delayed/161666/

now can the lies against gej stop,at least this should be enough to silence these liars and APC loudmouths

this money you guys are shouting about was recovered under obj in 2005.
check the link: http://www.thisdaylive.com/articles/okonjo-iweala-why-recovery-of-185m-abacha-loot-is-delayed/161666/
Jonathan has nothing to do with it
so all ignoramuses please shut the hell up

source: http://www.thisdaylive.com/articles/okonjo-iweala-why-recovery-of-185m-abacha-loot-is-delayed/161666/

• Accuses Leichtenstein, Abacha-linked
firms of delay tactics
•World Bank to participate in the recovery
process
Tokunbo Adedoja, Kunle Aderinokun and
Ndubusi Francis in Washington DC
The federal government has thrown more
light on the challenges it is facing in the
recovery of the €185 million stashed
away by the late Head of State, General
Sani Abacha, in banks in Liechtenstein,
one of the smallest countries in the
world, located in central Europe.
The Coordinating Minister for the
Economy and Minister of Finance, Dr.
Ngozi Okonjo-Iweala, told journalists in
Washington DC, United States that the
government of Liechtenstein was not
disposed to returning the loot to the
Nigerian government.
She said the German-speaking country,
through shell companies, commonly
called front companies, had put up legal
challenges, in a bid to ensure that its
banks benefited from the proceeds of the
loot.
The finance minister said: “When we
identified this money 14 years ago, we
set up a series of steps to try and get it
back. It was going through several
courts.
“The companies and their representatives
have always thrown legal challenges
every step of the way. It got to a stage
where the court in Liechtenstein had
litigated that the money should be
returned.
“However, those companies have taken
the case to the European Court of Human
Rights, saying that the Liechtenstein
Government had violated their human
rights by allowing this money to be taken
away from them.
“As you know, that charge does not
obtain but by taking it to that court, that
means another two or three years delay.
They are just using delay tactics. The
delay tactics suits the Government of
Liechtenstein because their banks get to
keep the money. And what do they do?
They will invest it and make money out
of it.”
She disclosed that the federal
government had taken several legal
steps, through its lawyer, Mr. Enrico
Monfrini, a Swiss national, and the
Attorney-General of the Federation,
Mohammed Adoke.
But the efforts, according to her, had
always been met with stiff opposition
from the Liechtenstein Government,
which is now asking for a third-party
guarantee from the Nigerian Government.
This, she pointed out, was after she had
signed an indemnity on behalf of Nigeria,
that the federal government would pay a
fine if the European Human Rights Court
- where the shell companies fighting
against the release of the loot, filed a
case - found any reason to penalise the
country for releasing the funds.
“If this thing keeps being delayed, it will
be denying Nigeria its rightful
possession and the Liechtenstein
Government asked us to sign a guarantee
that if the European Court of Human
Rights fined them for any reason, we will
indemnify them; that means we will pay
that fine.
“We said fine, because the likelihood of
paying for acting in this way was very
limited. So we signed the indemnity, I
signed it with the approval of Mr.
President and after receiving it, they now
turned and said no. They need a third-
party guarantee; they need a bank in
another country to guarantee them,” she
explained.
According to her, the delay tactics by
Liechtenstein was aimed at ensuring the
proceeds accruing from the loot are
enjoyed by the banks, to the benefit of
the economy of Liechtenstein but to the
detriment of Nigeria, the rightful owner of
the stolen money.
Okonjo-Iweala argued that requesting
Nigeria for a third-party guarantee was
unacceptable, stating that the federal
government would fight hard to recover
the money, which is rightfully owned by
the country.
Speaking further, Okonjo-Iweala stated:
“We said to them if they have a problem
with how the money will be used, we will
do a similar thing with them, the way we
did when the Swiss Government returned
$500 million equivalent to us under
President Obasanjo’s regime.
“We had the World Bank work with us
with our own NGOs and Swiss NGOs to
monitor the use of this money. We put
the money to specific projects that were
beneficial to Nigerians, in rural areas, like
rural roads, health clinics and all of them
were specified and monitored.
“And today, that has set the track record
for the way these returned monies can be
used. We have said to the Liechtenstein
Government that we are prepared to do a
similar thing and the World Bank has
agreed to participate in it.
“There is a unit at the World Bank, which
I set up during my time called, The Stolen
Asset Recovery Unit, and they do these
kind of things with countries.
“They can help you monitor the use of
returned assets, they can help support
you in recovering your money. We are
glad to have the World Bank, so they
should return our money and it would be
used in a very transparent way for
projects that Nigerians will be happy
about.
“President Goodluck Ebele Jonathan has
pledged himself in this respect, and
that’s what we are asking them.”
Nigeria had embarked on a vigorous
campaign over a decade ago for the
return of the €185 million looted by firms
linked to Abacha but harboured in
Liechtenstein.
In 2000, the federal government made a
formal request to Liechtenstein for the
return of the looted funds channelled
into the tiny country through shell
chunk of which was laundered through
European banks had been traced. So far,
Nigeria has recovered $1.3 billion, with
the largest tranche of $500 million
coming from Switzerland in 2005.
An additional $1.1 billion, traced and
harboured in France, United Kingdom,
Luxembourg and the Channel Island of
Jersey, is still trapped in legal action.

GenBuhari: [size=22pt]Can someone explain how Abacha could have looted with oil selling at $9 / barrell

and managing to reduce debt by $7-9Bn

and increasing our reserves by $7-9Bn and refusing IMF loans.

with exchange rate :$1=N22

With fuel: N14 per litre

Establishing PTF and asking Buhari to run it to improve infrastructure

Whilst prosecuting 2 wars in Sierra leone and Liberia

All this whilst the enemies of Nigeria were imposing sanctions against Nigeria

Abeg gullible Nigerians , start thinking.

Don't you realise that enemies of Nigeria want to demonise our heros, whilst ignoring the real looters like Obasanjo and IBB?

They dishonestly scapegoat Abacha whilst massive unprecedented looting continues.[/size]

u are the one that needs to explain yo us how the loot came about....
bunch of corrupt infidels
Mr fool

ballabriggs: And so what? Is this an attempt to justify the theft and total mismanagement of the treasury. What he received is the statutory allocation for Rivers which is even less than what should be as the federal government has been shortchanging these states an giving them less than what is due. You are not doing Rivers any favour by giving it its statutory allocation.

Amaechi's argument is simple for those who can discern. That oil prices today are over 50% of budgeted means there is no need to draw from the savings from earlier years.

The whole essence of the ECA is to augment shortfalls in periods of low oil prices. Today London Brent is at about $108 per barrel while be budgeted about $79 per barrel. Given this difference, the ECA should be growing and not on the downward.

Where has all the money gone? This government is not able to implement budgets satisfactorily. This means a lot of funds not used should also have been saved. But what we have is the treasury being depleted by a rogue regime.

Ngozi has not answered his questions. She is just throwing figures around to hoodwink those who cannot discern.

crap and full of sh.it
here comes the headless noisemakers

Røtten_egg: ^you're sooo daft... When did abacha turned to buhari?

you are a typical ignoramus,where were u when buhari was defending abacha that he was never corrupt?
such a big fool

egift: Money and the new guys have stolen it. No wonder Presido and NOI are very silent on it.

shut up you dummy......your buhari came out to say that abacha was not corrupt ,now u want to push the blame on gej
bunch of wasted souls

amaechi is just a clown,he cannot even account for his actions
big slowpoke

were are the APC e-mosquitoes ,I thought u said buhari is not corrupt buy,that same buhari admitted openly that abacha was never corrupt....hmmmm this is the way he will defend the G7,Tinubu,ibb et al and their cronies if given power......
Mr incorruptible indeed
his name should be buhathief

Tadon200: haba, Nigerians ; why do we think like this? when it's bad it's bad , there is no excuse for failures.
if it,s the opposition that's doing this FG should catch them and prosecute them, coming here to play the blame game ,it just makes Jonathan very stup1d.

and this post just makes u senseless ......shior

payless:


Where did that happen? Who did what and when? Just saying inflated contract on the internet make it so...........

Give us some details to work with and analyze..... then we can move from their. I am sick of Ibos just throwing lies around when they should be holding Orji, Kelchi, and Lady Ada Obi responsible for Iboland underdevelopment.

when I say u are blind to corruption in your domain and quick to refer to anything outside your APC States as corruption you'll say I'm bias
now fashola commissioned a 10mw power plant at a cost of 3.2 billion naira recently
pls Google it up and be redeemed of your blindness and bigotry

Okija_juju:


#GBAM!!!



_{In Amaechi and Amacheree we trust..}

fake dreamer

amaechi keeps going down

Pataki:

I will try and post more often.

conversation of retrogressives

amaechi keeps going down
this is just the beginning

egift: I don't know why you are making excusses for Jonanthan's inability to protect the pipelines suppling gas to the nation's power generators. Its very lame.

And BTW, if you must abuse me to make your point - please drop those grammatical blunders.

I'm trying very hard to get a tangible reason why you behave like 17th century psycho ,well na u know u get that one from but please if u dey craze a beg no bring your craze come my unless I go munch both of una like agege bread
perfect mumu

payless:


Some of them just lie, lie, lie, lie, and then lie again and hope the lies stick and people would just accept the lies. She has been posting lies after lies about certain issues in Nigeria. I have been going through her posts in the last 15 minutes and 98% of her posts are lies.

you want to hear of inflated contracts ?lemme give u one
1mw of electricity for #309m ......this is called embezzlement.
now defend this

ilugunboy:

You see Tinubu always chasing you every time..?

or you are purposely assigned as laptop dog number TINUBU?


You laptop dogs are doing a poor job on this thread.....your explanations are not adding up.

This is a project that would have been under planning for like three years now....and all we have for the inaugural ceremony is a 20 years old plane....

You people should fear God nah!

dry joke....coming from someone who feels so insecure

ilugunboy:

Can you please shut up if you have no better argument to put up here!

All these silly comparisons should stop...!

So because Boeing recently grounded their new aircrafts because engine faults in high altitude flights (BTW..where did you get that ridiculous claim from) means we should forever forgo ordering new aircrafts for our national carrier....?

Something is definitely wrong with the psyche of some of these lunkheads defending this utterly absurd act.

your psyche is reducing at a geometrical rate as your life span

Brimmie:
Ori e o pe!

eeyah he don dey cry o....a beg give hankie....this one na test running tears the real one will happen in 2015

egift: It has become a habit for Jonathan and his gang, to always find someone to blame for their incompetence and failures. Are they not paying one militant and his boys Billions for Pipeline Protection?

Jonathan should provide light and stop sending his boys to fill our ears with nonsense.

use your senses ....even if each security personnel is earning #1m there would still be crime no matter the level of sophistication of your security apparatus
stop been a fool,try and think straight and sensibly

Orlando Owoh:
Orue, wetin u sabi?

what your generations dont

Afritop: In other words, Oduah to present flying coffin to Jonathan at national carrier inauguration

in other words you still can't use your senses

donphilopus: A renowned Edilite

a famous dumbo

Orlando Owoh:
We shall meet in 2015.

yeah at your APC burial ground

Orlando Owoh:
We shall meet in 2015.

yeah at your APC burial site