₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,331,291 members, 8,449,588 topics. Date: Wednesday, 22 July 2026 at 04:51 AM

Toggle theme

Karlmax2's Posts

Nairaland ForumKarlmax2's ProfileKarlmax2's Posts

1 2 3 4 5 6 7 8 ... 42 43 44 45 46 47 48 49 50 (of 66 pages)

PoliticsRe: Oyo Speaker, Members Wives, On A N50 Million Jamboree In London by karlmax2: 8:51am On Jul 17, 2012
A blog in the uk that reported the jamboree http://hotgistshotnews..co.uk/?m=1
PoliticsRe: Oyo Speaker, Members Wives, On A N50 Million Jamboree In London by karlmax2: 8:22am On Jul 17, 2012
^^^why would Ʊ trust them if the news was about patience jonathan or any PDP governors wife Ʊ would trust them!!! Hypocrites
PoliticsRe: Let's Praise Gej by karlmax2: 2:16pm On Jul 16, 2012
Don't mind the elrufai fairly used BB crew.in the ondo election were ACN would be trunced they would start screaming rigging everywhere
PoliticsRe: Aig-imoukhuede C’ttee Submits Interim Report, Indicts Marketers by karlmax2: 10:53am On Jul 14, 2012
My question why was Rahamaniyya and MRS not in farouks report they are one of the major fuel importers in naija and I knw they are one of the susidy theives
PoliticsRe: Jonathan Is Confused And Incompetent - Balarabe Musa by karlmax2: 6:26pm On Jul 10, 2012
How competent was he when he was in power!!! Losers abeg play another track we don hear this one tire!!!
PoliticsWikileaks Punctures Mallam Elrufai's Claims Of Incorruptibilit by karlmax2(op): 9:24am On Jul 09, 2012
Wikileaks Punctures Mallam Elrufai's Claims of Incorruptibility


 

On a television interview Programme '60 minutes with Angela'  aired on MITV, controversial former minister of the FCT, Malam Nasir Elrufai, made the following boast "I challenge any one who has given me bribe to come out and say so".

First of, Elrufai has been accused under oath previously by a deputy director who worked under him at the Bureau of Public Enterprises, one Charles Osuji, of bribery. According to Osuji, he swore under oath that he had collected bribes from Chief Mike Adenuga on behalf of Malam Elrufai to devalue National Oil before it was sold to him. But Elrufai denied these allegations and said that he fired Osuji for collecting bribes although when he was asked by the Senate Committee if he had issued any written query of if there was any documentary evidence to back that claim up he responded in the negative. 

Malam Elrufai who is known to be very litigious and troublesome has never sued Charles Osuji for libel based on Osuji's claims that he collected bribes for him.

Also, the then Political Counsel of the U.S. embassy in Abuja had personally named ElrufHamas one of the government officials who were personally known to him to be despite fore being in government but who had becoming fabulously wealthy after leaving office. The Political Counsels testimony appears at the bottom of this write up. Elrufai denied the accusation but never sued the Political Counsel who is personally known to him. 

Malam Elrufai after condemning the present administration as a corrupt government which is responsible for much of the problems in Nigeria then went on to portray himself as a squeaky clean saint. There have been media reports that Elrufai who is nursing a Presidential election hopes to succeed Muhammadu Buhari as the presidential candidate of the Congress for Progressive Change.

But the whistle blowing site, wiki leaks has punctured Elrufai's claims to incorruptibility. In one of several cables mentioning Elrufai wiki leaks revealed how Elrufai then Director General of the BPE attempted to award a contract to a company in which he and his brother had substantial interests until he was stopped by the then vice President, Atiku Abubakar.



By his own admission Malam El-Rufai was brought into government by Atiku Abubakar, as a protege, to head the BPE in 1999 yet within the first few years of the Obasanjo first term he had already began backstabbing Atiku to President Obasanjo and the American ambassador by claiming that he was pressured by Atiku Abubakar to award a major telecommunications contract to Ericsson rather than Motorola. When the U.S. Ambassador to whom Nasir El-rufai had told this tale met with the then Vice President, Atiku Abubakar, as well as Stephen Orasanye, the Principal Secretary to President Obasanjo, both men revealed that the contract was not awarded to Motorola not because of underhand dealings as alleged by El-rufai but because El-rufai had been suspected of manipulating the process to favor Motorola after Ericsson wrote a petition to the government alleging that El-Rufai suppressed the information that his elder brother allegedly owned 10% shares in Motorola and that he himself (El-rufai) once worked for Motorola. Upon investigation by the U.S. embassy directly with Motorola,  it was established that it was true that El-Rufai had worked for Motorola only two years before he took on the BPE job and that indeed his elder brother was a distributor for Motorola. But even  while he was telling the President and the Americans that Atiku was manipulating the NITEL contract award to suit Erricson, he was unaware that both the President and the Americans knew of his interests in Motorola.  The details of the contract are contained in this wikikeaks cable Click HERE and HERE

Also, it is on record that Malam Nasir Elrufai as Director of the BPE awarded a consultancy contract to a "Dutch" firm known as Pentascope to manage the affairs of the nations flagship telecommunications firm called NITEL. But pentascope, a scandalized nation would learn later, was a hastily formed asset-grabbing front whose central address was traced to an empty warehouse in the Netherlands! We would also learn to our horror when the deal unraveled that the contract papers for the sale was written in Dutch!! All told, Nigeria lost close to N40 Billion on that transaction. Some argue with good reason that the failed transaction, which saw NITEL stripped of its valuable assets by the PENTASCOPE predators, doomed the company to date. NITEL is still a cesspool. Because PENTASCOPE and subsequent private managers stripped the company bare, it now has few, if any, suitors willing to pay reasonable money for it. It was for this reason that the House of Representatives banned Ekrufai from holding political office for life.

And for Elrufai who now nurses Presidential ambition, perhaps the words of Simon Kolawole in his back page column will suffice "I have strong reservations about his (Elrufai) ability to lead a country like Nigeria, especially in a democratic setting. He will make an excellent military administrator because of his soft spot for arbitrariness. He was once said to threatening to revoke some Cs of O. Reminded that the Cs of O were obtained legally, he allegedly retorted, what does it take to cancel a C of O? Is it not for the minister to just say so?"

Transcript of Links Below;

SUBJECT: NIGERIA: MOTOROLA'S BID FOR GSM EQUIPMENT CONTRACT:
AMBASSADOR DISCUSSES COMMERCIAL ADVOCACY CASES WITH VICE PRESIDENT ABUBAKAR

-------- Summary --------

¶1. (SBU) Summary. Following up from his meeting with Motorola representatives on July 9 (following septel from Lagos), Ambassador Jeter met the Principal Secretary to President Obasanjo, Stephen Oronsaye, on July 10 and with Vice President Atiku Abubakar on July 11. The Vice President confirmed that the technical evaluation committee had recommended the Motorola bid because it was better qualified on all aspects including price, project financing, technical qualifications, and delivery time. However, the Vice President said, alleged improprieties between Motorola and Director-General Nasir El-Rufai, who chaired the Financial Restructuring Committee, invalidated the evaluation committee's recommendation and caused the President to decide in favor of Ericsson. Both Motorola and Nasir El-Rufai dispute these allegations and claim they are completely unfounded. El-Rufai is threatening to take the issue to court. End Summary. ----------- Background -----------

¶2. (SBU) In May 2001, the GON established the Financial Restructuring Committee (FRC) mandated with refinancing NITEL debts and seeking long-term financing for the GSM roll-out and transmission network expansion. To conduct the actual tendering process, the FRC established a five-man technical committee comprised of representatives from NITEL (state-owned telecommunications monopoly) and the Bureau of Public Enterprises. There were two rounds of bidding and a third round of reassessment to include prices for all omitted items according to standard World Bank methodology. After the final reassessment, the evaluation committee submitted its report, which recommended Motorola be awarded the contract, to the President and Vice President for the final decision.

¶3. (SBU) On July 5, Embassy advocacy assistance was requested on behalf of Motorola in its USD 39.3 million bid for the NITEL GSM equipment contract. The other companies competing for the bid are Swedish company Ericsson whose final bid was USD 49 million and Shangai Bell of China bidding USD 39 million. On July 6, the Department of Commerce informed the Embassy that Ericsson, not Motorola, had been awarded the contract. End Background.

¶4. (C) On July 10, Ambassador Jeter met with the Principal Secretary to the President Stephen Oronsaye and, on July 11, SIPDIS with Vice President Atiku Abubakar to discuss Motorola's bid for the GSM equipment contract. In the meeting with Oronsaye, Ambassador Jeter emphasized that it was hard to understand how Ericsson could have won the bid given Motorola's lower bid price, best technical specifications, and fastest delivery time. While Oronsaye was not clear on all the details of the tendering, he was comfortable that the decisions made were in line with the desired transparency and integrity of the process. Oronsaye did mention a possible conflict of interest between Bureau of Public Enterprises Director-General Nasir El-Rufai, who chaired the Financial Restructuring Committee, and Motorola. This point was further elaborated on by the Vice President.

¶5. (C) From the outset of the July 11 meeting, the Vice President made it clear that he felt no obligation to explain the reasons behind the Presidency's decision to award the contract to Ericsson, but that he would explain in the interest of transparency and fairness. In considering the contract award, the Vice President said, he and the President looked at the credibility of the exercise, the petitions and their desire for Western technology. Based on these considerations they decided to offer the bid to Ericsson. Vice President Abubakar confirmed that Ericsson had been awarded the contract under the condition that it deliver the services at Motorola's lower bid price and within 4 months, not 5 months as it had proposed.

¶6. (C) The determining factor in the decision in favor of Ericsson appeared to be allegations, brought forth by Ericsson, against Motorola. Vice President Abubakar commented that he had received two petitions from Ericsson that alleged Nasir El-Rufai was biased in favor of Motorola and questioned the validity of the tendering exercise. Specifically, Ericsson complained that El-Rufai had a conflict of interest because he had worked for Motorola in the past. The Vice President also said that the petition claimed that El-Rufai's elder brother was a 10 percent-shareholder in Motorola. According to the Vice President, El-Rufai's failure to respond to these petitions in a timely fashion led the Presidency to award the contract to Ericsson.

¶7. (SBU) Motorola Regional Sales Director Karen Johanson, who was in Nigeria seeking resolution of these issues, disputed Ericsson's allegations on July 12. Johanson asserted that El-Rufai's brother does not hold Motorola stock, although he is part-owner of Intercellular Nigeria Ltd., a small fixed wireless company in Lagos that distributes Motorola equipment. She said that although El-Rufai worked for Motorola for two years prior to his GON employment, he did not offer assistance to Motorola during the tendering process, "squeezing us just as much as the other companies."

¶8. (C) Ambassador Jeter asked the Vice President hypothetically that even if El-Rufai were biased toward Motorola, given the technical committee's unanimous vote in favor of Motorola, how much influence could one man truly have on such a diverse collection of officials. The Vice President argued that if you know El-Rufai personally, you would know that "he could sway an entire crowd to agree with him on almost any issue." (Comment. Since the meeting, Embassy has received a copy of El-Rufai's written reply to the President regarding Ericsson's allegations. His letter clarifies that he was not, in fact, on the evaluation committee itself, but rather the chairman of the Financial Restructuring Committee that oversaw the three evaluation committees established for three separate contracts of which the GSM equipment contract was one. End Comment.)

¶9. (C) The Ambassador then raised the concern that, in light of irregularities surrounding Ocean Energy's and ABB Lummis' bid for government contracts, the GON's decision to go against the technical committee's recommendation would create the perception that the tendering process in Nigeria is not transparent, and, in fact, would be construed as a bias against companies from the United States. Ambassador Jeter stressed to the Vice President how critical it is that the GON avoid sending a signal to U.S. companies that Nigeria is not a friendly place to conduct business. The Vice President responded that he also is anxious not to create the impression that U.S. business investment is unwelcome in Nigeria. As a compromise approach, Ambassador Jeter suggested that the contract be split regionally with Motorola providing equipment for the southern half of the country and Ericsson for the northern half. The Vice President did not respond directly, but left the idea on the table for further consideration.

¶10. (C) Vice President Abubakar claimed that the Minister of Communications had signed the contract with Ericsson on July ¶10. However, as of July 16, Motorola Nigeria representative Raphael Udeogu asserted that although the Minister had signed two related contracts with Siemens and Alcatel, the contract with Ericsson had not yet been signed. Udeogu reported that Ericsson had not yet responded to the GON's contract offer at Motorola's significantly lower bid price of USD 39.3 million as compared with Ericsson's bid of USD 49 million.

¶11. (C) Comment. The fact that the President and Vice President would believe allegations of corruption brought to bear by Motorola's competitor without verifying their accuracy leaves us questioning the efficacy and transparency of the tendering process. Nasir El-Rufai is a close Embassy contact and has a reputation for honesty, fairness and transparency, particularly in his official capacity as overseer of the GON privatization program. The Vice President's claim that El-Rufai could have easily influenced the technical committee's evaluation seemed to ignore the fact that El-Rufai himself was not on the technical committee. Moreover, in his letter to the President, El-Rufai strongly refuted Ericsson's allegations. He also described the involvement of the Vice President's Aide-de-Campe who, El-Rufai says, attempted to influence the Vice President and him in favor of Ericsson. The Embassy is unable to verify the accuracy of these statements.

¶12. (C) Comment Continued. Ambassador Jeter will send letter to President Obasanjo this week forwarding a Motorola statement addressing Ericsson's allegations of impropriety. The letter will request that the President reconsider Motorola's disqualification, which we believe was based on erroneous information. Post will continue to advocate on behalf of Motorola. End Comment.

Jeter



AND



SUBJECT: (C) NIGERIA: PRIVATIZATION DIRECTOR TO QUIT JOB OVER GSM EQUIPMENT CONTRACT REF: (A) ABUJA 1679 (B) LAGOS 1933 Classified by Ambassador Howard F. Jeter for Reasons 1.5 (B) and (D).

¶1. (S) Summary. Ambassador Jeter hosted Nasir El-Rufai, Director-General of the Bureau for Public Enterprises (BPE), for lunch on August 1 to discuss the current status of the NITEL GSM Equipment contract. EconOff attended as notetaker. El-Rufai was very candid about his relationship with the Vice President, the Vice President,s stake in awarding the GSM contract to Ericsson, and his own intention to leave his position as head of the GON privatization agency. El-Rufai claimed that the Vice President had manipulated the contract award in favor of Ericsson and that this case is just one example of what is commonly practiced in the Executive branch, e.g., cushioning or manipulating contracts for personal and political gain. He stated that because the President believes him capable of manipulating the tendering process, as alleged by Ericsson, he has no other choice but to resign his position at the BPE. End Summary.

¶2. (C) On August 1, Ambassador hosted a private lunch for Nasir El-Rufai to candidly discuss the NITEL GSM Equipment contract, valued at approximately USD 40 million. (See reftels for background on this issue.) In the intimate setting of the Ambassador,s residence, El-Rufai stated that NITEL/Ministry of Communications was continuing to negotiate the contract terms with Ericsson. According to El-Rufai, the GON asked Ericsson to deliver the products and services at Motorola's bid price, which was USD 10 million less than Ericsson's bid of USD 49 million. El-Rufai did not believe Ericsson could fulfill the contract provisions at that price, commenting that conclusion would only be reached if the two sides agreed to cut 25 percent of the contract, through, for example, reducing the number of proposed base stations. But, El-Rufai said, "that 25 percent would have to be paid for by someone."

¶3. (C) When asked whether the President and Vice President might reconsider the contract award, El-Rufai replied no, despite the difficulties over negotiations, the Vice President would "lose face" if Ericsson did not receive the contract. However, El-Rufai did feel that a compromise could be found that would allow the Vice President to save face and allow Motorola to participate. He suggested that Ericsson and Motorola split the contract: Ericsson could provide the switching network and Motorola could provide the base stations. He noted that this would allow each company to provide the service in which it specializes. Because the base stations represent a greater portion of the contract, he recommended offering Ericsson some of the sub-contracting work, such as the air conditioning towers and power generation units, where neither company has specific expertise. (Comment. El-Rufai's suggestions may not carry much weight, as he is not currently participating in the negotiations with Ericsson. End Comment.)

¶4. (C) El-Rufai expressed his deep displeasure with events immediately preceding the contract award to Ericsson. In a recent meeting with President Obasanjo, the two discussed Ericsson's allegations that El-Rufai had manipulated the tendering process to ensure Motorola's success. (Note. El-Rufai had written a lengthy letter to President Obasanjo on July 8 defending his role in the tendering process and pointing to the questionable activities of the Vice President's Aide-de-Camp, who acted on behalf of Ericsson. At the time of El-Rufai's meeting with Obasanjo, however, the President had not read this letter. End Note.)

¶5. (C) El-Rufai commented that he would have preferred to wait until the President had read his letter before discussing it with him. During the meeting, President Obasanjo told El-Rufai that he had total confidence in the BPE Director-General, but that he believed El-Rufai was clever enough to have manipulated the tendering process from the outset to ensure Motorola's success. The President then said that El-Rufai had three problems: first, that there was a popular perception that El-Rufai is "too clever"; second, in fact, he is "too clever"; and third, his attitude towards Ministers and the Vice President is not sufficiently respectful or deferential.

¶6. (C) El-Rufai asked the President for permission to sue Ericsson for defamation. Obasanjo reportedly refused this request because of the negative political repercussions on the Presidency. The President then asked El-Rufai what else he could do for him. El-Rufai requested permission to leave his position as Director-General of the BPE. El-Rufai argued with the President that he could not oversee the country's privatization program if Obasanjo believed that El-Rufai was capable of manipulating the tendering process. However, El-Rufai said, the President refused to allow him to quit.



¶ below is the Pol Counsel's personal testimony on Malam Elrufai 



http://www.cablegatesearch.net/cable.php?id=06ABUJA483&q=al-rufai
PoliticsRe: State Debts Rising, From February 2011 To August 2011 To March 2012 by karlmax2(op): 12:14pm On Jul 08, 2012
What of lagos state the loan does not justify the development on ground considering that lagos was once a formal capital
PoliticsRe: SUBSIDY LOOT RECOVERY-IWEALA by karlmax2: 12:04pm On Jul 08, 2012
Gbawe: At least I did not join NL in June 2012. Additionally, when I joined NL , it was not to be saying the same thing, limited to the same characters, like a broken record or a Laptop in Abuja. wink wink wink

The Laptop crew go leave town whether una like am or not. Na Gbawe talk am wink wink
so also those who received faroukas to spread hypocracy,lies and deceit again the ACN states are plunging nigeria into dept to finance ur activities on nL and sahara.lieporters how much Ʊ hide inside ur cup judging from ur hypocracy ur cap go long like AMOSUN own one of ur fellow conman
PoliticsRe: SUBSIDY LOOT RECOVERY-IWEALA by karlmax2: 11:51am On Jul 08, 2012
Gbawe: Ndu Chucks, I herebey order you off this thread !!!! Have you been on Mars ? Did you not get the memo about 'the code of conduct' when blind and sycophantic support of this discredited government is seen? Simply check user name and all will be revealed !!!! The month of June has seen thousands (thanks to 40 laptops in Abuja) join NL to be saying the same monotonous thing always tediously limited to licking GEJ's azz and attacking Saharareporters,El Rufai, Bakare, Buhari, Tinubu and even the lizard that looked at GEJ 'funny'. Ndu Chucks, take your time OOO . I credited you with more intelligence than engaging these folks. How will they leave this forum if you keep granting them audience grin grin grin

Captainajama Joined NL June 12 2012 (same day as OP i.e Mandelaguy who foams at the mouth when 40 laptops is mentioned with no one calling his name).

Captainajama's post:

https://www.nairaland.com/captainajama/posts

Typical post virtually identical to that of other 'new' members who 'joined' NL in June:
Lagos State, according to the breakdown, is the most indebted state of the federation. With a total foreign debt of $369.20m (N55.38bn), Lagos holds about 20 per cent of the country’s sub-national foreign debt stock. ACN states are increasing the nations depts what do Ʊ have to say about that and how many faroukas were. Ʊ paid from this borrowed money
PoliticsRe: State Debts Rising, From February 2011 To August 2011 To March 2012 by karlmax2(op): 11:47am On Jul 08, 2012
Lagos state according to the breakdown, is the most indebted state of the federation. With a total foreign debt of $369.20m (N55.38bn), Lagos holds about 20 per cent of the country’s sub-national foreign debt stock.
PoliticsState Debts Rising, From February 2011 To August 2011 To March 2012 by karlmax2(op): 9:02am On Jul 08, 2012
Mr Aluko, Vice Chancellor of the new University, Otuoke in Bayelsa State pointed out the following quote:

FEBRUARY 2011

QUOTE 

Lagos State, according to the breakdown, is the most indebted state of the federation. With a total foreign debt of $369.20m (N55.38bn), Lagos holds about 20 per cent of the country’s sub-national foreign debt stock.

The state’s foreign debt stock also represents 8.14 per cent of the country’s total foreign debt stock, according to the list.

Details of the facilities showed that the foreign debt liability of Lagos State had been ballooned by a World Bank facility obtained with the support of the 

Federal Government for its urban renewal programme about four years ago. 

Kaduna State followed on the list, with a liability of $143.45m (N21.52bn), while Cross River had $99.99m (N15bn).

Other states in the top league include Oyo, $88.16m; Ogun, $73.72m; Katsina, $72.72m; Osun, 59.81m; and Akwa Ibom, $59.48m.

The least indebted states were Borno, $13.58m; Delta, $16.6m; Anambra, $17.9m; Taraba, $19.07m; and Benue, $23.66m.

The 36 states and the FCT account for 40.62 per cent of the nation’s total foreign debt liability. 

UNQUOTE

AUGUST 2011

QUOTE

Among the states, Lagos is leading with external debt of $460.742million, representing 8.54 percent of the nation’s external debt.

Kaduna State owes $175.433million, representing 3.25 percent, while Cross River, which owes $124.022million, representing 2.30percent of the nation’s external debt, came third on the list of states with higher external debts.

According to the DMO: “These figures exclude arrears that only become obvious by the end of the year. Debt stock can only be computed bi-annually after aggregating half year deductions at the Federation Account and Allocation Committee (FAAC), when the first scheduled payments due in respect of all loans must have been made.

Attempt to report in-between the period will result in inaccurate data (over-payments/under-payments). FGN debt stock includes Non-Paris Club debt.” On other states, the DMO noted that Abia State ’s external debt stood at $34.048million as at the period under review, while Adamawa State ’s external debt was $29.45million.

Others, according to DMO, are Akwa Ibom ($70.56million); Anambra ($23.722million); Bauchi ($58.8million); Bayelsa ($28.77million); Benue ($25.016million); Borno ($14.036million); Delta ($17.63million); Ebonyi ($42.149million); Edo ($46.92million); Ekiti ($36.201million); Enugu ($41.66million); Gombe ($27.96million); Imo ($52.32million). In the period under review, DMO stated that Jigawa State’s external debt was $29.120million; Kano ($63.94million); Katsina ($78.75million); Kebbi ($51.644million); Kogi ($36.203million); Kwara ($48.557million); Nassarawa ($41.35million); Niger ($27.438million); Ogun ($91.902million); Ondo ($60.794million); Osun ($65.332million); Oyo ($93.990million); Plateau ($26.974million); Rivers ($36.501million); Sokoto ($41.206million); Taraba ($21.111million); Yobe ($31.690million); Zamfara ($27.186million) and FCT ($37.664million).

UNQUOTE http://elombah.com/index.php/special-reports/10891-nigeria-state-debts-rising-from-february-2011-to-august-2011-to-march-2012
PoliticsRe: Yar’adua More Reliable Than Jonathan – Ex-militants by karlmax2: 8:39pm On Jul 07, 2012
ifeci: I am not like u! I hv not sold my conscience for money! what do you say when pple ask u wot u do 4 a living, like where do u work? do u tell them the truth? that u work tirelessly & aimlessly on Nairaland trying to win votes for ur master? r u dt bold?
that's why were in a forum disprove what you call lies with fact!! And proof them wrong instead of the usual antic of dedeike is dis and that.show us that they are lying by disproving their facts!!!
PoliticsRe: Yar’adua More Reliable Than Jonathan – Ex-militants by karlmax2: 8:34pm On Jul 07, 2012
kiyosaki1: The financial prudence Jonathan promised to institute remains a mirage. Official figures show that as Acting President and then President, Jonathan drew down the Excess Crude Account, ECA, to less than $500 million from the over $6 billion left behind by his predecessor, Umaru Yar’Adua, in a matter of months. His government has continued to borrow, hugely raising the country’s domestic and external debts. According to the Debt Management Office, the country’s domestic debt rose from US$14 billion in 2007 to $21 billion by 2010 under Yar’Adua. Within a year, Jonathan ramped up domestic borrowing to US$32 billion, a borrowing of $11 billion in less than 12 months.

External debt also increased from $3.719 billion at the end of 2009 to $5.227 billion by March 2011. Yet, no new power station, seaport, rail network or interstate road was completed during the period.[b][/b]
pls the ECA account is shared by the federal and state government go and ask ur governor and LG chairman what they did with theirs more over here is the new figure of the ECA

Nigeria: FG Increases Excess Crude Account to N1.6 Trillion
BY ELIZABETH ARCHIBONG, 26 JUNE 2012
Comment
THE Federal Government has as part of an immediate plan to provide a buffer for the economy increased the Excess Crude Account (ECA) from N848 billioin ($5.3 billion) to N1.6 trillion ($10 billion).

This was part of the high points of the decision taken Monday by the National Economic Council (NEC) to protect the economy for at least three months from a possible global recession.

While expressing confidence in the economy, the National Economic Council stated, 'the economy is in good standing but pointed out the need for more judicious borrowing and application of funds by different levels of government.'

Other measures taken to protect the economy, according to Amaechi, include support for the President in his plans to appoint members of the Sovereign Wealth Funds Board of Directors including the Managing director, CEO as well as the executive and non- executive directors which is expected to come 'after a painstaking and credible recruitment process.'

The council's decision came following a presentation made by the Finance Minister and Co-ordinating Minister of the Economy (CME), Dr Ngozi Okonjo-Iweala on the Implementation Update on the Nigeria Sovereign Investment Athority (NSIA) as well as the need to protect Nigeria's economy from the persisting global economic crisis.

Council also considered the report of the Inter-Ministerial Teams on the recent Nation-wide inspection of 111 Federal Ministry of Water Resources Projects across the country by the Minister of Water Resources, Mrs Sarah Ochekpe.

The report noted that the projects, which are at various stages of completion, require about N191.7 billion for completion, following which the Council recommended that all on-going projects should be completed to achieve meaningful development and avail Nigerians the opportunity of benefiting from the intended gains of the projects.

Both the Federal and State Governments will also partner to ensure that the various water, irrigation and dam projects are completed in a more beneficial and sustainable manner.

It directed Directorates of the Federal Ministry of Water Resources in the states and the state governments to jointly review the details of the projects to enable the government work out the funding arrangements and prepare a framework for completion of the projects.

Federal and the states are also to collaborate in the budgetary processes of some strategic ministries including Water Resources, Health, Education and works going forward, to promote synergy in projects implementation

The Senior Special Assistant to the President on MDGs Dr (Mrs) Precious Gbeneol, also briefed the Council on the N20.5 billion and N15 billion MDGs Fund for 2012 available to the States and LGAs respectively to fund development projects upon fulfillment of specified conditions including providing matching funds and bank guarantee bond.

The council advised the States to take advantage of the programme by meeting the required conditions which would enable them to access as much as N550 million per state.

It also mandated the MDGs office to provide a quarterly report on the progress made by the States as a means of gauging the overall progress made towards 2015.

Also speaking on Child Trafficking, the National Agency for the Prohibition of traffic in Persons (NAPTIP) also made a presentation to the Council on the growing incidence of trafficking and child labour and the danger they pose to the country's growth and development.

NEC said it noted the worsening development and backed the range of measures recommended by NAPTIP to check trafficking including deepening public enlightenment, rehabilitation and reintegrating of victims, establishing vocational centres for youths training, effective prosecution of traffickers and functional policing of our borders.

The council therefore recommended greater collaboration with the State and LGAs to address the push factors of trafficking and child labour.f
PoliticsRe: Yar’adua More Reliable Than Jonathan – Ex-militants by karlmax2: 8:25pm On Jul 07, 2012
ifeci: I wouldn't even trade words with you because I know that you are just another user ID.
and Ʊ another user id paid some FAROUKAS to come and peddle rumours spread lies and deceit
PoliticsRe: Yar’adua More Reliable Than Jonathan – Ex-militants by karlmax2: 7:51pm On Jul 07, 2012
^^when haters are defeated with fact they resort to the above statement deal with the fact!!!endicolove presented prove him wrong el rufai paid apologist
ifeci: How are we sure that edicolove is not = Dedeike? huh
PoliticsRe: Supreme Court Sacks UC Rusal From ALSCON by karlmax2: 8:54am On Jul 07, 2012
WHO was the head of BPE then?

ANSWER:MALLAM EL RUFAI

The same mallam who has been accusing this gov of been corrupt what an irony
PoliticsRe: Nigeria, Jonathan & Dept - From $4.5 Billion To $14 Billion. by karlmax2: 2:37pm On Jul 04, 2012
Ʊ are a bloody lier and a paid apologist of the so called critics!!! Here is an article published by leadership as far back as 2011 and tell us how nigerias debt was $4.5billion dollars in 2010 do Ʊ think every body is a fool like Ʊ

The nation’s debt has climbed to more than a five-year high at $47.9 billion (about N7.47 trillion) after it was restructured by former President Olusegun Obasanjo. The real worry is that it might take more than 13.4 years for the Federal Government to finish paying both external and domestic debt going by the trend in debt servicing between 2006 and 2010.

According to the report of the annual national debt sustainability analysis for 2011 by the Debt Management Office (DMO) made available to LEADERSHIP, “Under the optimistic Scenario, designed within the framework and aspirations of Nigeria’s vision 20:2020, Nigeria could borrow up to $57.4 billion (N8.95 trillion) in 2012 and still remain within sustainable limits”.

That means Nigeria currently owes about $47.9 billion.

DMO’s argument is that a debt stock of $57.4 billion would amount to 20 percent of projected nominal Gross Domestic Product (GDP) ($277 billion) as at 2012.

The confidence of the DMO lies in the fact that at that level next year, Nigeria’s debt will be five percent below the country-specific debt/GDP threshold of 25 percent set for 2010 to 2014, and below the global threshold of 40 percent of GDP.

It however warned that, “this outcome should be applied with caution due to the ambitious assumptions used in the simulations, such as high and steady oil price; robust GDP growth rate; single digit inflation rate; low budget deficit; among others”.

On that cautious note, the report said another module of Country-Specific prudential ceiling versus available borrowing space was considered.

“The Country-Specific threshold of debt/GDP ratio is set at 25 percent for 2010 - 2014, which is projected to reach 22.2 percent by the end of 2011, thereby leaving only 2.8 percent borrowing space for the rest of the period till 2014.

But the worrying part is the fact that government appears to be finding it difficult to pay debts. Between 2006 and 2010, the DMO said the Federal Government paid an average of $2.2 billion, about N343.2 billion yearly.

“If the debt as at 2010 is anything to go by, then the Federal Government alone would spend over 13 years in debt servicing, outside the additional ones that would accrue. “ACCORDING T0 THE TOTAL PUBLIC DEPT STOCK (external and domestic debt of the federal and state governments) STOOD AT $40.1 billion AS AT 2010 ending."

During the year, the Federal Government alone accounted for 76.09 percent of the total debt stock at $30.51 billion, while the states accounted for 12.48 percent of total debt or $5.01 billion, and the proportion of external debt to total debt was 11.42 percent or $4.58 billion. 
http://leadership.ng/nga/articles/10036/2011/12/09/nigeria’s_debt_hits_479bn_can_borrow_95bn_2012_—_dmo.html


If according to this article written since 2011 says that our dept stood @ $40.1 billion as at 2010 were did Ʊ get ur stat that our dept was $4.1 billion and since GEJ came it increased to $14 billion! Give us your link
PoliticsRe: Otedola Wants Public Hearing With Reps by karlmax2: 5:18pm On Jul 03, 2012
Another part of the audio recording has just been released its on channels news or go to channelstv.com facrook na real crook
PoliticsRe: Nigeria Signs A Mou With US Firm For A $4.5bn Project To Build 6 Refineries by karlmax2: 11:20pm On Jul 02, 2012
oyb: i have googled vulcan petroleum resources, and the company does not appear to exist

meanwhile, how far with the previously touted upgrade of ph refinery?
the two companies are Vulcan Energy Corp. and Petroleum Refining and Strategic Reserve Ltd.so google vulcan energy corp Ʊ will get there details here is a link bloomberg report of the Mou http://mobile.bloomberg.com/news/2012-07-02/nigeria-vulcan-to-build-new-refineries-in-4-5-billion-accord.html
PoliticsRe: Malian Jihadist Group Threatens To Attack Nigeria, Others by karlmax2: 2:16pm On Jul 01, 2012
PoliticsRe: Pictures Of Bombings In Zaria And Kaduna by karlmax2: 1:27am On Jun 18, 2012
shymmex: You're a funny chap, and quit posting comments with unreadable characters - you're not a kid anymore..

Why can't you buy a brain, and get yourself a life..

The solution is right there infront of GEJ - but he's a weakling..

I know GEJ is scared of his own shadow at night, poor guy. sad
am glad I've proved my point! No REASONABLE RESPONSE and ABUSE I would not bring myself low to abuse who idont know cos am not a lowlife!
u
PoliticsRe: Pictures Of Bombings In Zaria And Kaduna by karlmax2: 1:10am On Jun 18, 2012
shymmex: I called you a fool for your stupid assertion about me.. Do you me from Adam?

And quit soiling Karl_marx's with your stupidity!
any right thinking person would Ơ̴̴͡.̮Ơ̴̴̴͡ from ur post that the assertion I gave about Ʊ is 100% correct! First Ʊ could not give a sensible response to the question asked then off course Ʊ resort to abuse!that's the mentality of foolish critics who can't offer a solution to what he is Criticizing! Just get a life and stop showing ur foolisness in public forum!
PoliticsRe: Pictures Of Bombings In Zaria And Kaduna by karlmax2: 12:52am On Jun 18, 2012
shymmex: You're a fool!

Using Karl marx's name and spewing bs - is a disrespect to the great man, and people like me who adore some of his philosophies..

Give me the Nigerian Armed Forces - and BH will be hunted down from house to house, like Gaddafi's bunga party. cool
shymmex: You're a fool!

Using Karl marx's name and spewing bs - is a disrespect to the great man, and people like me who adore some of his philosophies..

Give me the Nigerian Armed Forces - and BH will be hunted down from house to house, like Gaddafi's bunga party. cool
@bayoo what did I tell you earlier!IS ONLY A FOOL that would call someone he doesn't know or seen before a FOOL
PoliticsRe: Pictures Of Bombings In Zaria And Kaduna by karlmax2: 12:39am On Jun 18, 2012
bayooooooo: Fine. We need to move beyond GEJ is incompetent, GEJ is to blame etc
You can't just criticize without suggesting a way forward. You also need to proffer solutions!

Shymmex, how do we defeat Boko Haram?
mark my world he would not give Ʊ a sensible answer,and finally resort to abuse or calling Ʊ a paid agent
PoliticsRe: How Not To Criticize The Transformation Agenda. by karlmax2: 11:48pm On Jun 17, 2012
Ojigho: I and a large majority of Nigerians will actually want to see these things working with our two eyes before we believe them. I wasn't born yesterday,it was with the same gusto and fanfare that President Olusegun Obasanjo talked about his reforms in the power sector,where are those reforms now? It is not uncommon to find out in Nigeria for successive governments to bamboozle unsuspecting citizens with unnecessary noise and stories about projects they've already started or hope to complete within a specified period,only for their tenures to expire without the completion of these same projects. The next thing you hear is "vote us back in for us to complete the projects that we've started".
counter the achievements and stop blabbing a man that has been in office just one year Ʊ want him to perform miracle of solving nigerias 52 years neglect and misrule by past northern presidents am sure if buhari and his band of confirmed robbers ibb and abacha who together institutionalized corruption in nigeria took the steps GEJ is taking now we won't be in the mess were in!
Pls can Ʊ tell us how many kilowatt of electricity did the government of buhari down to abdulsalami add to the national grid? Let me tell Ʊ! Ʊ can only fool idiots and not people that follow the progress of this administration like I told Ʊ from the begining prove the various achievement that the op and other contributors have posted wrong RUMOUR are started by HATERS spread by FOOLS and. Believed by IDIOTS and is not everybody that is an idiot some of us deal with facts and not fallacy.even as the born to rule northerner are bombing their zone were still making progress! r
PoliticsRe: How Not To Criticize The Transformation Agenda. by karlmax2: 10:48pm On Jun 16, 2012
Ojigho: @karl maxx. So I'm just being sentimental,and according to you "blabbing". List the achievements Dr Gooluck Azikiwe Jonathan achieved throughout his eight years as governor in Bayelsa State? If according to you,Fashola has been in power for five years. It's people like you that made us get to this place in the first place with your fresh air propaganda. A man is judged by his antecedents,and I'm sorry to say it,but with the snail pace at which development is taking place in this country and the rate at which the monster corruption is growing,even a child born yesterday knows that unless God intervenes we are heading towards a failed state. As many as those of you on this blog who are either paid government agents or are so delusional to think or purposely due to the fact that they receive stipends from this thieving government try their utmost best to hoodwink Nigerians into thinking anything good will come from this government to have a change of heart because when the wrath of God and Nigerians who have been pushed and taking for granted strikes,there will be no hiding place. A word is enough for the wise.
like I said earlier counter the achievement he mentioned on the op and stop blabbin.moreoverthe op was not talking about when GEJ was bayelsa state governor! Ʊ can start a thread about that topic!Ʊ saying GEJ is corrupt let me borrow buhari supports word is a FALACY cos he has not been covicted of any corruption charges in any court in nigeria!! Unless Ʊ have proof that his corrupt!!Ʊ can share it with nairalanders with concrete facts and evidence like the one otedola has of facrook lawan and if Ʊ don't then Ʊr premise and all others that always scream GEJ is corrupt are all PURE FALLACY.
Politics: Boko Haram - Ndume Has Case To Answer by karlmax2(op): 10:27pm On Jun 16, 2012
Nigeria: Boko Haram - Ndume Has Case to Answer
16 JUNE 2012
Comment
A Federal High Court in Abuja yesterday held that Senator Ali Mohammed Ndume has a case to answer in the ongoing trial of terrorism instituted against him by the federal government.

Ndume was accused of withholding information on the activities of Boko Haram from security agencies.

While ruling on an application by Ndume to quash the charges against him, Justice Gabriel Kolawole said that the fact that Ndume denied involvement in the offence with which he was charged did not mean that there was no case against him.

The Judge further held that the prosecution's affidavit, evidence and witnesses' statement showed that Ndume had a link with the dreaded members of the Islamic sect group Boko Haram.

He said: "The motion on notice brought by the accused person seeking to quash the charges against him is hereby dismissed; the accused person should face trial. I am prepared to give the matter accelerated hearing."

In the motion filed through his Counsel, Rickey Tarfa (SAN), Ndume had asked the court to quash the charges against him on the grounds that there was no sufficient evidence linking him with the alleged offences (relating with the Boko Haram sect).

Ndume also alleged bias, saying the Attorney General of the Federation (AGF) drafted the charge in bad faith and without regard to the facts of the case.

He said the case was an abuse of court process since the charges were filed when a similar suit against him was pending before an Abuja Chief Magistrates Court.

Ndume said that he came in contact with the sect when he was appointed as a member of the Presidential Committee on Security Challenges in the North East Zone.

However, the prosecutor, Olufumilayo Fatunde, opposed the application to quash the charges.

She argued that the application was premature.

On the issue of abuse of court process, Fatunde asked the court to discountenance Ndume's argument as she explained that the charges against Ndume at the Chief Magistrates Court were withdrawn before new ones were filed at the Federal High Court.

She said that an operative with the State Security Service (SSS), James Ini Eze, in a witness deposition, said investigation revealed that Ndume had contact with the sect and also knew the sect's former spokesperson, Ali Sanda Umar Konduga, who was last year sentenced to three years in prison.



http://allafrica.com/stories/201206160432.html
PoliticsRe: d by karlmax2: 10:12pm On Jun 16, 2012
koruji: Osun governor is barely two years. You can't compare - it takes time to get off the ground, but even then Aregbesola has indicated where he will be taking Osun for those paying attention.

The same O'YES that he instituted and Beaf like a buffoon lambasted for months on end here on NL:
1. Was copied almost verbatim by the GEJ administration in their ill-thought unSURE document to relieve the pain of removing subsidies
2. Other states, the FG and the World Bank have converged in Osun State at least once to understudy the program.
3. Other states are copying it

As I mentioned the other day, the program to build 170 new schools has commenced, as well as major road building projects.

He has improved the program to provide a meal for kids at school in a very serious manner, and moving to boost Agricultural production in Osun State.

He is a serious administrator, and one that seems to have the burning desire to transform Osun with actions to back it up.

Fashola buit on what Tinubu started - but has taken it to new heights, and Oshiomole is doing a great job as well. The other ACN governors are in the same category as Aregbesola in terms of their tenure. That should be kept in mind.

On the other hand, there are may be more than 20 states that the PDP has controlled for the last 13 years, and things keep going from bad to worse - that is the comparison to make with Lagos - including the decript center.
. Yet ur one of those hypocrites calling GEJ's government that is just 1year old the worst in the history of nigerian!! Here Ʊ are pleading with people that aregbes government is barely 2 yrs old cos he belongs to ACN! So Ʊ know a lot can't be achieved in 2 years!! Yet Ʊ expect GEJ to turn around 52 years old problem in 1 year! Aregbe should visit imo state to Ơ̴̴͡.̮Ơ̴̴̴͡ what a governor achived in 1 year !
PoliticsRe: How Not To Criticize The Transformation Agenda. by karlmax2: 5:58pm On Jun 16, 2012
Ojigho: After reading your "wonderful" write up in quotes,i would like to ask you a simple question,and that is how many of those white elephant projects have actually seen the light of day? The problem I have with a lot of you pro jonathan fanatics is your inability to agree that the man is a clueless misfit. How does Governor Raji Fashola of Lagos State do the magic? Is it rocket science or spiritual? Like I'd always say,we as Nigerians reap this kind of leadership because we are clouded by sentiments. As an individual,I don't care where a man comes from, the most important thing is keeping to the promises of his manifesto,and if i'm to ask you(the writer if this piece),how many of those promises has Dr Goodluck Ebele Azikiwe Jonathan kept,what will your answer be? Corruption,the bombings here and there,misuse and abuse of power to name a few have increased to abominable proportions and all you can tell Nigerians is that people are misinforming us about "mr president's good intentions". I don't intend to be a prophet of doom,but the way things are going at the moment,suffice me to say that Uncle Jona may turn out to be the worst president in our nation's history,because there's never been a time in the history of this country that we as nigerians have been this forlorn and helpless. I just hope you won't latch up to using the tribal trump card! Because it might shock you to know that I'm also from the SS too,and a Deltan.
fashola 5years (lagos formal capital of nigerian) GEJ 1yr !5-1=4 simple math now tell me if ur not biased ! What I would have expected you to do is prove the development he mentioned GEJ achieved. Under 1 year wrong!!! Instead of blabbing
PoliticsRe: LIVE: Special House Of Reps Session On Bribery Scandal by karlmax2: 12:22pm On Jun 15, 2012
omosexy1: If the members of the house voted to take them companies out. Why are they now considering to put them in? It is a shame, I was thinking they should consider revisiting the whole situation again and do a proper investigation.
by doing that it is clear to all that they took bribe not only from otedola and from other companies! When the court case begins Ʊ would Ơ̴̴͡.̮Ơ̴̴̴͡ how otedolas lawyers would shred the report
PoliticsRe: LIVE: Special House Of Reps Session On Bribery Scandal by karlmax2: 12:01pm On Jun 15, 2012
omosexy1: Where is the Save Nigeria Group when you need them? Are they sleeping?
the executive is not involved that's why Ʊ not hearing from them if it is an executive scandal Ʊ would Ơ̴̴͡.̮Ơ̴̴̴͡ bakare and his goon carrying rumours about
PoliticsRe: Video: How Farouk Lawan Asked Reps To Remove Otedola From Probe Report by karlmax2: 9:30am On Jun 15, 2012
THE HOUSE OF CORRUPTION will convene by 10am this morning stay turn to channels or ait for live broadcast

1 2 3 4 5 6 7 8 ... 42 43 44 45 46 47 48 49 50 (of 66 pages)