Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,910 members, 7,821,170 topics. Date: Wednesday, 08 May 2024 at 09:13 AM |
Nairaland Forum / ObiageIi's Profile / ObiageIi's Posts
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 21 pages)
Career / Re: NLC, NUT Accuse El-rufai Of Plotting To Sack 21,000 Teachers, Others by obiageIi(f): 7:40am On Nov 11, 2017 |
Waiting for CAN to tell us they are replacing Christian teachers with Islamist 8 Likes |
Politics / $350m Eurobond, Before Perception Becomes Reality. Fashola by obiageIi(f): 9:41am On Nov 10, 2017 |
By Babatunde Raji Fashola Before perception becomes reality, I feel compelled to make this Statement in response to allegations bordering on financial impropriety raised on the Floor of the Senate against the Ministry of Power, Works and Housing, my Office as Minister, the staff of the Ministry and by extension my person. The sum and substance of the allegations to which the Ministry will provide full, factual and detailed response when formally invited are that: 1. An amount in the region of $350million being part of a $1billion Eurobond facility taken in 2013 has gone missing or has been diverted. 2. That the Ministry, had procured a contract for Afam Fast Power and paid $26million or thereabout for it. With all emphasis, I state that there is no factual basis for the allegations. The Ministry, my staff and I have done nothing wrong and we will collaborate fully with the Investigating Committee when called upon. For now, it suffices for members of the public to note that I wasn’t a Minister in 2013, and that when Government raises a Debt like the Eurobond, it is the Debt Management Office that manages the Debt and not the Ministry. The Nigeria Sovereign Investment Authority (NSIA) had on Monday, 6 November 2017 issued a Statement on the Front Page of The Nation Newspaper explaining that the money was not missing, stating also that the $350 million had been invested and that interest had even accrued on the money. If there was no ulterior motive for the allegation, this was enough reason for a reconsideration of the presentation of the Motion on the Floor of the Senate on the 8 of November 2017. But the story seemed to have changed from “missing money” last week, to a “desperate attempt to retrieve the money “, this week. As for the Afam Fast Power , the sum and substance of it is that , it was an investment by the General Electric, a globally reputed Original Equipment Manufacturer (OEM), to invest in our country and support our effort to get good quick power under our Roadmap of Incremental, Steady and Uninterrupted power. They offered to do this by providing Nigeria with mobile turbines of 600MW if we could find a location with Gas and Transmission evacuation infrastructure. The Afam Power Station fitted because it had transmission and evacuation facilities but all its turbines had been virtually run down. The investment was contingent on paying $27,990,000 million which was 15% of 8 (eight) units of 30MW turbines each totaling 240MW valued at about $186,600,000:00 . This payment of $27.9m was made without breaching any law. At this moment, the turbines have arrived Nigeria and currently at the Onne Port. This is verifiable just as works are on going on the site – civil and engineering – preparing to receive the turbines , and install other equipment already at site. All of these are verifiable by all well meaning Nigerians who may want to undertake the inspection. We expect that the project will be commissioned soon enough to add 240MW to the Grid. This will be one of the fastest power projects when delivered, compared to inherited power projects before this Administration. Investors to the best of my knowledge do not require Parliamentary approval to invest in our Country. All of these facts could have been easily verifiable by a simple letter from the Senator to the Ministry without the furore and suggestions of wrong doing and malfeasance. We must be careful about what we say and do with regards to investments and investors which we clearly need in all sectors of our developmental life and in particular in infrastructure and power. Unverified allegations such as the ones under discussion constitute an imminent threat to our investment climate. For the avoidance of doubt, there has been no wrong doing whatsoever. Signed: BABATUNDE RAJI FASHOLA, SAN https://www.thisdaylive.com/index.php/2017/11/10/350m-eurobond-allegation-ive-done-nothing-wrong-says-fashola/ https://theglittersonline.com.ng/before-perception-becomes-reality/ |
Agriculture / Re: ... by obiageIi(f): 7:13pm On Nov 08, 2017 |
Turks:I will get in touch tomorrow morning. |
Agriculture / Re: ... by obiageIi(f): 1:15pm On Nov 08, 2017 |
faridpac2:Thanks sir 1 Like |
Politics / Re: 2019: Reno Omokri Reveals How Buhari Plans To Win Second Term In Office by obiageIi(f): 10:56am On Nov 06, 2017 |
Lol, Reno the clown. This guy is still stock in the gej era of arresting opposition figures on election eve |
Politics / Re: Reno Omokri Reacts To Sacking Of SGF by obiageIi(f): 7:42am On Oct 31, 2017 |
That's if you choose to be diverted |
Politics / Re: Buhari Aware Of Maina’s Reinstatement, I Warned Him —head Of Service Says by obiageIi(f): 7:17am On Oct 31, 2017 |
Buhari was a mistake |
Agriculture / Re: ... by obiageIi(f): 9:06pm On Oct 30, 2017 |
shakyriri:Found him, thanks |
Agriculture / Re: ... by obiageIi(f): 5:13pm On Oct 30, 2017 |
shakyriri:How do I get Lactobacillus? |
Music/Radio / Re: Falz Blasts Yahoo Boys In "Confirm" by obiageIi(f): 3:47pm On Oct 30, 2017 |
God bless you Falz |
Agriculture / Re: ... by obiageIi(f): 1:47pm On Oct 29, 2017 |
Turks:Huge compliments sir, thanks |
Agriculture / Re: ... by obiageIi(f): 1:20pm On Oct 29, 2017 |
Pic 3 connections Pic 4 tank, we used hose at that point to allow raising and lowering the drinker line. Birds at 5wks, 1.65kg
|
Agriculture / Re: ... by obiageIi(f): 1:03pm On Oct 29, 2017 |
shakyriri:Sorry pics are coming late, just got back to Lagos. Pic 1 stand for drinkers Pic 2 more stands 3 Likes
|
Agriculture / Re: ... by obiageIi(f): 10:47am On Oct 24, 2017 |
EMMAACHILE:Thanks |
Agriculture / Re: ... by obiageIi(f): 9:08pm On Oct 23, 2017 |
uchpanila:No, it keeps happening with Ucbrowser, I'm tired of complaining about it |
Agriculture / Re: ... by obiageIi(f): 6:17pm On Oct 23, 2017 |
EMMAACHILE:Oga Emma, do you have any idea how much broiler concentrate goes for in the market?
|
Agriculture / Re: ... by obiageIi(f): 6:14pm On Oct 23, 2017 |
uchpanila:Replied sir |
Agriculture / Re: ... by obiageIi(f): 1:13pm On Oct 23, 2017 |
uchpanila:obygenius@mail.com |
Agriculture / Re: ... by obiageIi(f): 1:11pm On Oct 23, 2017 |
EMMAACHILE:Love the uniformity, nice one oga emma |
Agriculture / Re: ... by obiageIi(f): 10:09am On Oct 23, 2017 |
Theflint1:I'll be waiting |
Agriculture / Re: ... by obiageIi(f): 5:09pm On Oct 22, 2017 |
shakyriri:Do you mean you don't change litter at all? You use one litter for several stocks, you just add more layer |
Agriculture / Re: ... by obiageIi(f): 2:39pm On Oct 22, 2017 |
shakyriri:That's really interesting. |
Agriculture / Re: ... by obiageIi(f): 2:29pm On Oct 22, 2017 |
Theflint1:3wks? That's impressive. What's their weight and which hatchery did you buy from 1 Like |
Agriculture / Re: ... by obiageIi(f): 2:27pm On Oct 22, 2017 |
EMMAACHILE:Oga Emma don't forget pictures o |
Agriculture / Re: ... by obiageIi(f): 2:23pm On Oct 22, 2017 |
shakyriri:Farm is at Ogun state, I don't know if they have lactobacillus, I have been reading about it on Nairaland. How effective is this lactobacillus, Cc Oga EMMAACHILE and turks
|
Agriculture / Re: ... by obiageIi(f): 2:07pm On Oct 22, 2017 |
Smartademu:I usually buy bulk from India, you can check Feedmills around your area or importers of methionine, lysine and other feed addictives |
Agriculture / Re: ... by obiageIi(f): 7:03pm On Oct 21, 2017 |
EMMAACHILE:Its about 4,000 naira per kg, application is 350g/tonne. Yes I formulate my feed |
Agriculture / Re: ... by obiageIi(f): 3:25pm On Oct 21, 2017 |
ifysimple:Nice, they look good 1 Like |
Agriculture / Re: ... by obiageIi(f): 3:23pm On Oct 21, 2017 |
ifysimple:Pls share pictures if can |
Agriculture / Re: ... by obiageIi(f): 3:21pm On Oct 21, 2017 |
EMMAACHILE:I can't wait to try them out 1 Like |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (of 21 pages)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 40 |