₦airaland Forum

The above amount is more than $20billion and it
represents just a tip of the iceberg. It is in the
light of the above that I want to draw your
attention to the fact that despite widely circulated
misinformation and misinterpretations about the
report and the resolutions of the Senate on the
unremitted $20billion by the NNPC, the report
actually confirmed that over $20billion still
remains outstanding against the NNPC.
Permit me to say that the resolutions taken by the
Senate on the Makarfi report are totally
outrageous. Is it not curious that after detailing all
the constitutional breaches by Diezani and the
NNPC, the Senate did not call for appropriate legal
sanctions against them to serve as a deterrent to
others in future? Little wonder that the Group
Managing Director of the NNPC, Andrew Yakubu
has openly pooh-poohed the directive of the
Senate that the oil giant should refund a paltry
$262million it illegally withheld to the Federation
Account.
The argument concerning the unremitted fund by
the NNPC is simple. If the money was unremitted,
then, where is the money? Is there any difference
between unremitted and missing? If the money is
unremitted, it means the money is somewhere.
Therefore, where is the money? Who is in custody
of the money? $20billion is too chunky to be kept
in the back pocket of an individual, which means
it is being hidden is some secret account. If the
money is in an account, what bank and how
interest has it yielded in the last two years?
It is rather unfortunate sir, that the resolutions of
the Senate on this matter have validated earlier
rumours that the red chamber has been
compromised to clear Diezani and the NNPC of
any wrongdoing? If not, why did the Senate only
call for the refund of paltry sums instead of
outright prosecution over clear constitutional
breaches and gross misconduct by the Minister
and NNPC officials? The Senate, through the
report, established that money was spent without
appropriation by Diezani, yet was shy of invoking
the necessary laws and prescribing punitive
measures for the brazen impunity. Why did the
committee after saying that $883.965million
remained unremitted by the NNPC, did not make
any consequential resolution that the NNPC
should refund the money? Who will account for
that amount?
Nigerians hold that even if it was N1.00 that was
used without appropriation, it is unconstitutional
and therefore actionable. To have established that
money was spent without appropriation and yet
no sanctions were recommended is like telling a
thief to go with his loot after he was caught red
handed. This is not good for Nigeria of today and
it is certainly not good for Nigeria of tomorrow.
The Senate must be seen as the people's Senate
and not the Senate of the Executive. In view of this
unholy and ungodly collaboration between the
Senate and the Executive, on this issue of missing
$20billion in the NNPC, where then is the checks
and balances expected of the National Assembly
based on the Principle of Separation of Powers?
How on earth can a Committee of the Senate of
the Federal Republic of Nigeria want the Senate to
legalize illegality?
Makarfi in his report preposterously
recommended that the Senate should call on
President Goodluck Jonathan to "prepare and
present to the National Assembly, a
supplementary budget to cover the sum of
N90.693 billion for PMS (fuel) subsidy for 2012
and the sum of N685.919 billion for kerosene
subsidy expended without appropriation by the
National Assembly." This is not only
unconstitutional but an impeachable offence and
the world is watching how this matter would be
swept under the carpet by the Senate. Let me say
that this is what will pitch the people against the
7th Senate and not the issue of fuel subsidy
removal that you alluded to during the
consideration of the jaundiced report.

In effect, what the committee should have helped
resolved is the whereabouts of the $20billion,
because it was based on the controversy that
$20billion was still outstanding against the NNPC,
despite marathon reconciliation sessions by the
relevant agencies, that the Federal Government
ordered a forensic examination of the books of the
NNPC by Price Water House Coopers. The
forensic audit is still ongoing. Therefore, the
report peddled by the Makarfi Committee and
which it successfully got the Senate to rubber
stamp was false and calculated to confuse and
mislead Nigerians. But Nigerians are no fools!
Note that the point at issue is the $20billion. I
make bold to say that the report was deliberately
tailored to compromise the findings of the
forensic auditors which was set up to find the
money. The ploy is that now that the Senate has
said that no $49.8billion was missing, the
forensic auditors will take a cue from there and
report that no $20billion was missing, just like the
committee unfortunately took a cue from
President Goodluck Jonathan's assertion that no
money was missing from the NNPC.
However, despite its spirited attempts to confuse
Nigerians with accounting jargons, a few entries in
the report of the committee show clearly that
billions of dollars either remain unremitted,
withheld, waived-off, unaccounted for, overstated
or simply spent without appropriation. This calls
for severe sanction and legal reprimand against
officials responsible for violating the Constitution.
A few examples will suffice here sir:
Money the NNPC was asked to refund =
$262million
Money unremitted by the NNPC =
$883.965million
Illegal kerosene subsidy for two years =
$6.578billion
Illegal subsidy deductions amounting to =
$1.2billion
PPMC's staff salaries overstatement =
$36.93million
Sharp increase in pipeline surveillance cost
between 2012 and 2013 = $9.02billion
Unbudgeted fuel subsidy in 2012 =
$585million
NNPC's illegal expenses = $1.059billion
Royalties and Taxes NPDC was asked to refund
= $447.817million
TOTAL = $20.064billion

his is a story that will not go away. As the
Nigerian government battles the Boko
Haram in the north and northeastern
regions of the country, there is another
government battle afoot that is just as important.
This battle places the focus on governance,
transparency and accountability, and, even more
importantly, how the rest of the world, not only
within Africa, on how Nigeria is viewed outside its
borders.
20 billion in hard currency is a lot of money, in
any national denomination. At the center of the
missing money are the unremitted funds by the
Nigerian National Petroleum Corporation. It is
embarrassing to a national government not only
trying to save face, but to the psyche of nation
who have become to almost expect wrong-doing
on the part of elected officials and policy makers
who should have the best interest of the nation at
heart.
HIS EXCELLENCY,
SENATOR DAVID A. B. MARK,
SENATE PRESIDENT,
FEDERAL REPUBLIC OF NIGERIA,
NATIONAL ASSEMBLY COMPLEX,
THREE ARMS ZONE,
ABUJA.
Sir,
SENATE'S OUTRAGEOUS RESOLUTION ON THE
MISSING $20BILLION
This is to express the outrage and
disappointment of Nigerians on the resolutions of
the Senate after it considered the report of its
Committee on Finance, that was mandated to
investigate the alleged $20billion unremitted funds
by the Nigerian National Petroleum Corporation
(NNPC), now popularly referred to as the missing
$20billion.

Even though you praised the Senator Ahmed
Makarfi-led committee for filing a 'courageous
report', permit me to say that the committee
deserves condemnation and severe censure rather
than commendation. Granted that the Committee
reported that no $49.8billion was missing. Yes.
This fact was already in public domain even
before the Committee submitted its report on May
28. The amount in contention was $20billion,
which the committee through verbosity and
rigmarole tried unsuccessfully to sweep under the
carpet in order to clear the Minister of Petroleum
Resources, Mrs. Diezani Alison-Madueke and the
NNPC.

Sir, recall that during the committee's last public
hearing, the former Governor of the Central Bank
of Nigeria (CBN) and now the Emir of Kano,
Mallam Muhammadu Sanusi II, had said: "In
summary, it is established that of the $67 billion
crude shipped by NNPC between January 2012
and July 2013, $47 billion was remitted to the
Federation Account. It is now up to NNPC, given
all the issues raised, to produce the proof that the
$20billion unremitted either did not belong to the
Federation or was legally and constitutionally
spent. There is no dispute that $20 billion out of
$67 billion has not been paid into any account
with the CBN."

Enjoyed all the comments.

SeaGold: Use alternative route to your house then.

Amaechi is losing out in the power play and can do anything to unsettle the polity.

Amaechi go send you to early or instant grave depending on your age.

oshyno: Yes it was army shooting sporadically in d air. Heard it was bcuz their colleague was killed ysday there.

Normalcy has returned shaa.

Thank you my brother.

Please can any confirm this? I just received a call that there is heavy protest going on there. I don't know if is the community people (Ogunigba) or the abokis at slaughter clashing with whoever. I'm presently at GRA right now; thats my route going home. I've made some calls to friends who are also not around that area but have confirm they also have gotten information.

Can anyone confirm what is going on?

The Ijaw youths issued a warning to PDP telling them to reject SAS defection to their party cos it will give a negative image on their party linkage to Boko Haram

The truth of the matter SAS is a grassroot politician in Borno State and most states in NORTH EAST also respect him. Politically speaking, I think PDP has gotten a big fish in their hands.

Tunes will change in how he was the one that advice Shettima on the Boko boys and the rest.


Then, comes the question: Who is truly sponsoring this sect?

I passed through that road last year December while coming back from Enugu to PH (ABC). I thought that road would have been better than this cos Arab Contractors was working on that road. Maybe funding or somethinh

I only breathe a sigh of relief when i entered Rivers Station.

MRWHINNIG: Anioma and Ikwerre should be carved out of Delta and River states respectively and joined with the Southeast where they belong.

You are okay and making this great geographical blunder. Beside, the Ikwerres in many forums have said they are Igbos.

Some of these states that will created in the east will still be parasites since they will contribute little or nothing to the federation account.

Whats Enugu and Ebonyi contribution to the FAAC? Even south east states with oil, just one or two LGA(s) (Oguta and one other one) same with Abia and Anambra.

IMO, Lagos, Delta, Bayelsa and Rivers are only states that should warrant new states with Ogoni state replacing one of the state that should have be created in the east.

Since no state was given to Ogoni or even oil Rivers, the conference wont achieved cos most Houses of Assemblies will vote NO.

I expect tongue lashing but this is the gospel truth.

SeaGold: He ain't exaggerating but stating the obvious. Record shows 80 percent of the oil wealth are being controlled by the northerners. Can you beat that?!!

I picture Gov. Amaechi collapsing on the pronouncement of Matthew Mbu as the newly appointed IG.

The world doesn't end in 2015. I have said it, PDP dont care about the oil producing communities. Mbu an IG means what?

I have to attack the dude for saying the people of thw SS doesn't own their oil.
There is clear distinction between party and Niger Delta struggle, they are not the same.

murtalaa: oh Allah has blessed me with oil and have placed it at a convenient location to enjoy- Delta

And we will be having the impact while you own the wells right? I think enough of this nonsense. You have no oil. The oil belongs to the communities not you, PDP or any greedy southern politician or Niger Delta war lords. It belongs to the oil producing communities.

So stay clear!!!

VICTORCIZA: leave the guy alone!
why una too like judging and passing judgment
Apc tufiakwa

Sharrap!! He is not APC you phool. Can you have Orji as a Governor in your state? or is it because he is one of GEJ trolls of 2015?

Prince081: Shame on you. Clearly you are a paid psychophant. Repent or posterity will hold you and your children responsible for not calling a spade a spade.

Easy bru--- It shall be well.

VICTORCIZA: More and more evidence are being gathered each day .the time is coming. just wait!

Every evidence the SSS have been making always link to PDP that is why the investigation is this way. The Abuja bomber that was caught in Sudan, Is he not related to a PDP chieftain I will not mention his name because this site has been compromised?

Why was Azazi killed? Ask yourself some gospel truth. Do you really like how things are panning out in this country

VICTORCIZA: no sir Apc and their evil nature is the problem of Nigeria.
tell me which sensible party will fight the declaration of state of emergency in the insurgence tore north east?
tell me which sensible party clamour for amnesty for terrorists?
Apc is anti Nigerians
they are supporters of APC heavily armed against their people

See am tired of hearing you guys associating Boko Haram with APC. Nigerians are not fooled anymore. The real Boko Haram are the FG.

Tell me how a situation where Shekarau labelled as a boko haram financier is no more one because he is now in PDP. Nigerians are asking questions. If you guys are so sure APC is the brain behind BH, why has no arrest been made? who is fooling who. You Igbos will destroy this country.

Both the OP and ^ are the problems of this country.

ahaika23: CRA, loved by all till he started abusing our elders and finally ate the forbidden fruit.

Just propaganda to smear him. Can you prove he had insulted any elder with facts?
Cos he has issues with GEJ can't can't make me to hate him. I love Rivers not GEJ and CRA is a symbol to that.

HopeAtHand: What is the route of the M10 road and how many lanes?

8 lanes handle by LCC, the project is in 3 phases.

Phase 1 (13km) - Starts from Prof.Tam Road to Airport road at Igwurita with two flyovers and a bridge. This phase has reached an appreciative phase. You can see the two flyovers in progress. The drainages are almost completed and very soon binding will commence.

Phase 2 (16km): Runs from that interchange.(flyover) they are constructing at Igwurita near Salvation Ministries to Aba Road.


Final phase:. ABA road joins Onne road.

CFCfan: Those pavements are ANNOYING!!

Pavement is not walkway. In Engineering, pavement is the portion of the road vehicles drive along.

Abagworo: I've come to the bitter conclusion that Nigerians like this disgusting white and black stripes on pavements.

My brother if you construct road and don't paint. You have done a substandard job according to some Nigerians logic

HopeAtHand: Greater Port harcourt phase 1 is taking too long to deliver..

Amaechis govt had great ideas(Monorail, Ring road with steel bridge, greater PH etc) but unneccesary distractions he caused himself has ensured the collapse of Ring road project, the snail-speed delivery of the monorail and the inability to complete GPH phase one on time..

God knows when his tenure expires what will become of such dreams.

Amaechi pulled out of the ring road cos the cost was about 170bn naira.
The distraction has nothing to do with the contractors on site. He didnt cause himself any distraction, he was on his own five lawmakers with the help of oga and madam wanted to make him jobless. So he had to fight back.


There is nothing snail in this phase. Remember what we use to have now and before a difference of 7bn naira since last year June with recurrent increasing also. Also remember the old city projects are also going on. He must also attend to other sectors and of recent stomach infrastructure which he is not known for.

Take sometime out and visit the site, you will see new roads and other structures springing out. two Interchange (flyovers) are been constructed even without a soul residing there. A major road linking the old city with the new one is almost complete with an interchange at Igwurita presently going on near Salvation Ministry. Don't forget the utility services such as electricity and water also sewage are all underground. This cost much, how he had been able to run with all these projects bar ring road makes me never to dislike him.

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Progress so far...

I think that vehicle is from the state house. Check the plate number. PDP will criticize APC Governors for supporting their own whereas the FG is dolling out from the treasurer to prosecute Omisore's campaign

drshrewd: Nigerian really deserve the leaders they have. these two posters above are typical Nigeria sycophants! imagine people publicly cheering evil I am am a bonny man from Rivers state and am deeply involved in the oil and gas industry as such i can school you about the shady deals going on in the industry and the principal players. i just pity this generation of sycophants

Senibo Olia? Enshi Opuama (Ubani)

Laugh wan kill me here.

Oduduwaboy: so between us...do you know Ifode ?
am 1 year your senior .

Why not PM him or her?