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PoliticsRe: A Journey In looting Service: How $12 Billion Disappeared Into Thin Air by malali(op): 12:54am On Feb 22, 2025
favor914:
Which $12 billion, what did Kalu Ibe Kalu say about the purported missing money?
Tell us. We are listening ?
PoliticsRe: A Journey In looting Service: How $12 Billion Disappeared Into Thin Air by malali(op): 12:45am On Feb 22, 2025
Softmirror:
Why do you think Dangote donated #8 billion and Bua #5 billion?!
Those monies are peanuts.
Its the exchange rate that makes it sound like a lot of money
That was just 100K USD 5 years ago
Imagine looting 12billion 30 years ago to share amongst your friends , only for them to come back after 35 years and donate 100k USD ??
The whole thing is laughable.
PoliticsRe: A Journey In looting Service: How $12 Billion Disappeared Into Thin Air by malali(op): 12:42am On Feb 22, 2025
Daddyk87:
Evil genius himself.
This man kii Abacha and told powerful people around then to balance the equation and Abiola must go too.
There is nothing genius about it.
Everybody knows Abacha was killed.
Everybody knows Abiola's mandate was stolen.

You can fool some people all the time
You can fool all the people some time
But you cannot fool all the people all the time.
PoliticsRe: A Journey In looting Service: How $12 Billion Disappeared Into Thin Air by malali(op): 12:06am On Feb 22, 2025
A journey in service with multiple stops for looting ?

We missed what would have been described as a golden era.

Our free and fairest election was cancelled.

Our national collective oil windfall of approximately 12 billion dollars, which is about 30 billion dollars corrected for inflation today.

Norway, Qatar and Dubai also had the same windfall.

And by the way, Nigeria sold more crude oil than (Dubai,Qatar and Norway) during the gulf war !!!!)

We made more in crude oil surplus than these countries.

Today look at where they are, for managing their resources and not looting everything.
PoliticsA Journey In looting Service: How $12 Billion Disappeared Into Thin Air by malali(op):
Ah, the joys of public service! Few acts of governance can match the sheer magic trick that took place during the reign of General Ibrahim Badamasi Babangida (IBB)—a tenure so dedicated to “service” that $12 billion from the Gulf War oil windfall vanished into a realm beyond forensic accounting. Some say it went on an extended holiday, others whisper that it found itself in deep meditation, contemplating its true purpose. Either way, Nigeria, unfortunately, did not get the memo.

A Golden Opportunity for Greatness (That Was Swiftly Squandered)

Once upon a time, in the golden year of 1991, Nigeria was handed a gift from the gods of crude oil—a staggering $12 billion in excess revenue. Other nations in similar situations used such windfalls to build their futures. Norway, for instance, created a sovereign wealth fund, now worth over $1.4 trillion. The UAE built Dubai. Qatar constructed a global empire. But Nigeria? Nigeria chose something far more ambitious—a great vanishing act.

Where Did The Money Go?

Had Nigeria invested that money in a sovereign wealth fund, it would today be worth at least $306 billion—enough to power the economy, fund world-class infrastructure, and turn the country into a beacon of prosperity. Instead, the funds embarked on their own “journey in service”—one that led them far, far away from Nigeria’s development.

The official narrative? A masterclass in creative storytelling. The money went into “strategic projects.” The problem? No one can point to a single one. Hospitals? Schools? Roads? None were built. Instead, what we got was SAP (Structural Adjustment Program), devalued currency, economic hardship, and military buddies swimming in luxury.

A Selfless Leader’s Self-Reflection (or Image Whitewashing?)

Recently, IBB graced the world with his autobiography, a valiant attempt to redefine history with the precision of a heartwarming bedtime story. With great humility, he reminds us that governance was not easy. Oh, the burden of power! The sleepless nights spent contemplating which offshore bank account needed topping up. The sheer weight of ensuring only the most loyal allies got their fair share of the missing billions.

But fear not, dear Nigerians! Our leaders did not pocket all of it! They simply ensured that, in the spirit of national sacrifice, the funds were safely tucked away—just not for the benefit of Nigerians.

What Could Have Been

Had the $12 billion been truly invested:

First-class infrastructure would have transformed Nigeria into a Dubai-like hub.

World-class education would have created a generation of globally competitive professionals.

A thriving economy would have reduced our dependence on crude oil and fueled innovation.

Financial security would have shielded the Naira from its current status as a rapidly depreciating currency.

Instead, what did we get? Decay, corruption, and a retirement home for former military rulers who occasionally emerge to remind us of their “selfless service.”

The Legacy of the Vanishing Billions

So here we are, decades later, still wondering what exactly happened to that oil windfall. The truth? It followed the sacred tradition of disappearing into the belly of governance, never to be seen again.

And now, as the grand old statesman releases his memoirs, we are expected to believe in his noble intentions, his dedication to the country, and his sheer innocence in the financial sorcery that took place under his watch.

A Journey in Service, indeed.

If only Nigeria’s wealth had embarked on a similar journey—one that led to prosperity instead of well-furnished Swiss bank accounts.

Source: Malali
Nlfpmod
Seun
mukina2
Justwise
Fergie001
nlfpmod

PoliticsRe: What IBB Said About 1966 Coup by malali: 11:49pm On Feb 21, 2025
The whole book reeks of covert narcissism.
The best thing to do is to ignore the book, the author, the content.

If you are smart enough use your brain
Someone cannot steal your yam and then 30 years later tell you, he ate the yam because he wanted to see how the new toilet flush will work. So he had to eat something to test the toilet.

Forgetting all those that starved and died because someone stole their yam and ate it at gunpoint.
HealthRe: Over 200 UK Doctors Wrongly Told They Passed MRCP Exams by malali: 11:39pm On Feb 21, 2025
They wont pass you early because you can take your qualification and move on.


They want to use you as cheap free labor for NHS.

This is one the most legal scams in the international medical field.
SportsRe: Ademola Lookman's Atalanta Exit Still On Track After Spat With Coach by malali: 8:32am On Feb 20, 2025
Hemanwel:
I don't know why Italian Clubs are fond of it that, just one mistake out of a million good deeds, and they will use it against you as if they had been waiting for you to commit the error. Same thing Napoli fans did to Osimhien.

One thing I have learnt about Italians generally is that MOST of them (young or old) are psychopaths. Skoin-skoin dey their heads. I would have said all of them are weyrey; the only exception I have seen in the whole of Italy is Carlo Ancelotti, coach of Real Madrid.
Well dressed racism, wearing an expensive suit, nice tie. well mannered but still f__cking racist.

Italians
CrimeRe: Big Ben: Anambra Arraigns Jeff Nweke, Others Over Abduction Of Businessman by malali: 8:04pm On Feb 19, 2025
Anambra people

The rate you are kidnapping and assassinating yourself,
Your house of representatives and Senators are not calling for a state of security emergency
You go home to visit and you have more security than Vladimir Putin
Nobody is addressing this issue headlong....
Flagrant display of wealth without verifiable source of income...
Its so bad, i am always careful around my friends that have a lot of money and i don't know what you do....How am i sure you are not a kidnapper...I will not wait till you learn my movements and kidnap me.

The government has to step in. Organize a confab on South East Security,with stakeholders not noisemakers or political wannabe's. They should seat down and hash out. How to make the southeast safer.
PoliticsRe: Anambra Guber: Valentine Ozigbo resigns from Labour Party by malali: 7:57pm On Feb 19, 2025
Thou shalt not Labor in Vain.


Eluppppeeee Countdown.
Even Peter Obi is waiting for a free VP ticket in a major party.
Peter Obi should go back to PDP and run the presidential primaries and win the ticket.
Anybody can go to a party without presidential aspirants and turn to a noisemaker.
Any party that doesn't conduct presidential primaries is an mickey mouse party.
PoliticsRe: Jamaica Seeks Nigerian Talent To Fill 400 Key Positions by malali: 7:56pm On Feb 19, 2025
Eniolohunda:
You are misinformed. And stop misinforming others. How can you say it's better for Health professionals to work in Jamaica than Canada, US and UK. The only country that can come closer to those countries for health workers is Australia.
If you get paid 1 million dollars and the cheapest house you can purchase is 850k.

And where you get paid 300k but the houses cost 20k.

Do you know a small 2 bedroom 2 bathroom in Australia cost 1 million dollars.
Foreign AffairsRe: Brazil Joins OPEC+ by malali(op):
Contrarian2027:
The problem is

1. Everyone is discovering oil. OPEC cuts no longer mean anything like they used to.

2. Clean energy is getting better.

3.The threat of nuclear fusion in the future.
Do you know the difference between ideologically and realistically.
I have always believed the push for clean Energy is because USA wants to sell EV (Tesla) to the world.
The density of car waste we have outside USA,EU,China is no cause for alarm
We don't even have enough cars in Africa, the minute Tinubu removed subsidy on Petrol our CO2 problem disappeared with subsidy.
OPEC will always regulate oil especially Saudi.
Because in Saudi, it costs $10 to explore and collect a barrel of oil from the ground.
In Nigeria it costs $30-$40 due to insecurities and settling the likes of Tompolo.

In USA it costs about $30 as there is a lot of horizontal fracking.
If Saudi floods the market with cheap oil......All the countries producing oil for $30 or more stands the risk of being forced out of business.
Thats why USA is kowtowing to the saudi governement. The Cheapest oil can only be found in Saudi. For the past 100 years.
To answer your question.Its not just about discovering oil. There is oil everywhere. But what is the cost of extracting 1 barrel on the average.
I think if oil gets cheaper, the number of people using it will increase,Half of Africa will use Generators.
Nuclear fusion ....we still haven't mastered electricity after 200 years !!!
Nuclear fusion is not a threat. Oil is not going anywhere even in 500 years.
Foreign AffairsRe: Brazil Joins OPEC+ by malali(op): 9:37am On Feb 19, 2025
The Cartel gets stronger.
Foreign AffairsBrazil Joins OPEC+ by malali(op): 9:37am On Feb 19, 2025
Brazil has joined OPEC+ two years after the group extended an invitation, but its membership will not be binding with regard to production cuts, the country’s energy minister said.

At the announcement of the Brazilian government’s decision to join the group, Mines and Energy Minister Alexandre Silveira described OPEC as “a forum for discussing strategies among oil-producing countries. We should not be ashamed of being oil producers. Brazil needs to grow, develop and create income and jobs,” the AP reported.

Brazil is already one of the biggest oil producers in the world but it has ambitions to climb in the ranks to the number-four spot from number seven, with a production target of 5.4 million barrels daily for 2030.

Brazil has also been a focal point for non-OPEC production forecasts, regularly named alongside the United States, Canada, and Guyana as a hotspot for non-cartel production growth. Now, this will change even though the new OPEC+ member is under no obligation to comply with the OPEC+ production cuts.

OPEC’s production, meanwhile, has been declining. The group booked dips for both December and January, with the January rate down by 50,000 bpd from December’s daily average of 26.53 million barrels, according to a Reuters survey. Supply from Iran and Nigeria dropped by 60,000 bpd each, the most among OPEC producers, according to the survey.

The oil producer group was scheduled to start relaxing these production cuts starting in April but there have been reports that the rollback of the output caps could be delayed once again, in line with OPEC’s prioritization of actual market conditions rather than an agenda set in stone. With oil prices wobbly amid U.S.-Russia negotiations that could lead to the lifting of U.S. sanctions, OPEC will likely not be in any rush to stick to its plans for boosting production, seeing as these plans are very flexible to serve the purposes of the group.
Source
https://oilprice.com/Latest-Energy-News/World-News/Brazil-Joins-OPEC.html

PoliticsRe: Jamaica Seeks Nigerian Talent To Fill 400 Key Positions by malali: 9:30am On Feb 19, 2025
descarado:
Who told you Nigerians in diaspora work like slaves?

I was with her last night.

Or you mean illegals in those countries?
Mouth encyclopedia
PoliticsRe: Jamaica Seeks Nigerian Talent To Fill 400 Key Positions by malali: 9:03am On Feb 19, 2025
A lot of Nigerians are very respected in multiple fields in the Afro-carribean countries.

And their currency is very stable.

Instead of Jakpa-ing to countries were they will work you like a slave regardless of your qualifications (USA,UK and Canada)

If you are a professional in these other Afro-carribean countries you will live a good life.

Good food, good weather (no snow), Respect and similar culture and most importantly beautiful feminine women.
Foreign AffairsRe: Jewish Terrorist Arrested After Shooting 2 Israelis He Thought Were Palestinians by malali(op): 4:29am On Feb 18, 2025
givedemwotowoto:
Report says “Jewish Florida man”, Agbadorian attempts to change the narrative, and then calls on mods to move to front page. Of course he doesn’t care if he’s misinforming others or not. No accountability, no integrity, no self respect, low self esteem.

Agbadorians really need to be studied. Their brains are wired differently from the rest of the human species.

He is a terrorist.
Lets call it what it is......dont sugar coat it.
Foreign AffairsRe: Jewish Terrorist Arrested After Shooting 2 Israelis He Thought Were Palestinians by malali(op): 3:50am On Feb 18, 2025
If he was muslim:

Breaking News Alert.

CNN
Fox
Euronews
BBC
Skynews
Foreign AffairsJewish Terrorist Arrested After Shooting 2 Israelis He Thought Were Palestinians by malali(op): 3:50am On Feb 18, 2025
A Jewish man in Miami Beach was arrested Sunday and charged with two counts of attempted murder, a day after opening fire at a car in which he said he saw “two Palestinians” inside.

However, police said that the victims were actually two Jewish Israelis visiting the US. The victims, Ari Rabey and his father, initially thought they were being targeted in an antisemitic attack..

Mordechai Brafman, 27, was arrested and charged with two counts of attempted murder after he shot at the car 17 times with a semiautomatic handgun on Saturday.


Police said there was no altercation between Brafman and the two victims before the shooting, which they described as unprovoked, reports said.

According to the arrest sheet, Brafman said that while he was driving his truck, “he saw two Palestinians and shot and killed both.”

Neither victim was killed. One was hit in the left shoulder, while the other was grazed by a bullet.

The Council on American-Islamic Relations called for Brafman to be charged with a hate crime, which would increase the severity of his offenses.

Brafman, who is married, gave his occupation as plumber, reports said.

A year ago he was interviewed by local media after vandalism to a bagel store on Miami Beach that had displayed an Israeli flag, Hebrew media reported. At the time Brafman called for more unity and less conflict between people.

Ari Rabey, who was hit in the shoulder, later posted to his Facebook page about the shooting.

“Dear Jews,” he began and then explained that he was in Miami with his father.

“They tried to kill us for nationalistic reasons,” he wrote.

Rabey went on to explain that his father had been wearing a yarmulke on his head when they were driving in the car at the time of the shooting.

Surveillance video posted to social media showed the Rabeys seeking help from a building they drove to. One of the men can be seen with blood on his shoulder.

The two men later spoke to the local ABC 10 News station with Ari talking in Hebrew which was translated by his cousin.

Ari said that Brafman pulled up alongside their car, rolled down his window, and opened fire. Even as they tried to drive away, Brafman kept firing, bullets hitting the back of their car with one round grazing his father’s ear as he drove the vehicle.

Ari at first thought his father had been shot in the head, he recalled.


“God gave me my life as a gift,” he said. He was treated at the hospital and later released.

There has been a sharp rise in tensions between Jewish and Arab communities around the world since the start of the Gaza war on October 7, 2023, when the Palestinian terror group Hamas led thousands of terrorists to invade southern Israel, killing 1,200 people, mostly civilians, and abducting 251 as hostages to Gaza, and the subsequent war.
Source: https://www.timesofisrael.com/jewish-florida-man-arrested-after-shooting-2-israelis-he-thought-were-palestinians/

BusinessRe: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by malali: 3:18am On Feb 18, 2025
Connected1:
Baba some of us will be grateful to see $10k, show me road so I can hustle too.
Tell me all the skills you have ?
Things you are the best in.....in the whole Nigeria.
You are the best in those things.
BusinessRe: Dangote Says $23 Billion Refinery Project Was The Biggest Risk Of His Life by malali:
Invested ordinary 3 million dollars.......

I couldn't even sleep, everyday checking and praying

Talk less of 20 billion dollars.
PoliticsRe: We rejected Gambaryan's $5million bribe, disregard his false allegations - FG by malali:
Nigerian government should have had him write a statement and sign prior to letting him go.

These are rookie mistakes.......

Ordinary jobs in America, when they fire you, you will be asked to write a beautiful resignation letter.

After which you will sign NDA.

You guys just released him like that.....lol

You are lucky he is not out saying Tinubu asked him for Gay Sex.
PoliticsRe: South East Governors Not Doing Enough To Secure Kanu’s Release — Family by malali: 7:41am On Feb 15, 2025
Nnamdi Kanu belongs in Jail.

Where was his family when he was being an instigator of civil unrest in the south east. A lot of lives and properties were lost of innocent Nigerians

He enforced this Monday sit at home, that has reduced the IGR of these states that are already struggling economically.

A lot of people have lost their lives to his terrorist activities and inadvertent support.


He set up a foreign money collection scheme where he was getting money to buy arms for the agitators, taking up arms against the Nigerian state.

Where were the family and the South East leaders when all these was happening......And he still has not shown remorse or begged for a plea deal.

Nnamdi Kanu is the last person that should be free in Nigeria.

Nigerian state should punish those who abuse their freedom. They should calculate how much each state has lost to the sit at home order, calculate all lost lives and properties and he should be asked to refund all these monies to the families and businesses affected.
RomanceRe: Sex Is Not A Valentine Gift. by malali(op): 6:52am On Feb 14, 2025
Public Service Announcement.


If It Was Free Yesterday, It’s Not a Gift Today.


Try Again!
RomanceSex Is Not A Valentine Gift. by malali(op): 6:52am On Feb 14, 2025
Ah, Valentine’s Day don reach again, and some people—God will judge them—are out here trying to repackage bedroom exercise as a grand romantic gift. My dear, how can something that was freely available on Monday, Wednesday, and even last week suddenly become ‘special delivery’ because February 14th entered the chat? Be honest, if your partner wraps Indomie and gives you for your birthday, won’t you be offended? So why are you presenting the same ‘match’ you’ve been playing all season as a Champions League final?Please, let’s be serious—love is sweet, but at least add small effort.


Even if na recharge card, my sister, do something!”

EducationRe: UNIZIK Orders Probe After Female Student Slapped Her Lecturer by malali:
The school cannot contain two of them.

One has to go.

But we are in Nigeria.
CelebritiesRe: ‘I’m Federal Govt Liability’ – Portable Begs Tinubu To Intervene In Ogun Case by malali: 11:03am On Feb 12, 2025
He needs to be held accountable.

If the Nigerian government doesn't discipline him at home and hold him accountable.

He will do this nonsense abroad one day and embarrass 250 million Nigerians.

I have said it many times, all these guys need to be licensed.......If he doesn't show up in court, seize his license to perform or entertain.

Every body booking an artiste in Nigeria, must go through the state board.

That way the government can also tax them for revenue.

This will create decorum in that space.
PoliticsRe: Kaduna Refinery At 60% Mechanical Completion, says NNPCL by malali: 10:05am On Feb 12, 2025
I find this hard to believe..........Not until the day i see it functioning, i will never believe any news of completion about Kaduna refinery.
SportsRe: Moro Ojomo Was Born In Lagos, Nigeria Before His Family Moved To California(pix) by malali: 8:54am On Feb 11, 2025
If it was kemi badenuch

"I learnt to run this fast in Nigeria, because armed robbers and terrorists were chasing us everyday"
Foreign AffairsRe: 10 Most Powerful Nations In The World 2025 ( Pics) by malali: 8:52am On Feb 11, 2025
THIS IS THE REAL CORRUPTION.

CelebritiesRe: Emir Sanusi's Daughter, Amina, Begins Pre-wedding Festivities (PHOTOS) by malali:
Hmmmmm....Fine Girls.

We no dey see dem till the day, of marriage.

Does she have a sister that is single ?

لا مفروح إلا بالله، لا مطلوب إلا الله.
PoliticsRe: Japa Slavery.....Modern Day Slaves. by malali(op): 7:37pm On Feb 10, 2025
Forkthiefnubu:
You knowledgeable and got me thinking about my investment , wud it not have been better I sell some and build something in owerri and ph and asaba

Buy REITS if you live in America.
Then use the dividends to build anywhere you like ?
Thats 2 factor authentication to your wealth

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