₦airaland Forum

harrysterol:
u smokers are liable to die young

President Goodluck Jonathan on Monday formally received the report of forensic auditors engaged to carry out a detailed investigation into the activities of the Nigerian National Petroleum Corporation.

An accounting firm, PriceWaterHouse, was last year hired to carry out the exercise following an allegation by the former Governor of the Central Bank of Nigeria, Lamido Sanusi, that $20bn was not remitted to the Federation Account by the NNPC.

Sanusi, who is now the Emir of Kano, had written a letter to Jonathan that $49bn was not remitted to the Federation Account by the NNPC.

But following the controversy which the letter generated, a committee was set up to reconcile the account.

Sanusi later recanted and said the unremitted fund was $12bn. He later again changed the figure to $20bn.

The Nigeria Country Senior Partner of PriceWaterHouse, Uyi Akpata, on Monday presented the report to the President on behalf of the firm saying, “It is a privilege for us to have carried out this exercise on behalf of the government and I hope that you will find this report useful.”
Akpata did not give any insight into the forensic report.

In accepting the report however, Jonathan noted that the media and indeed Nigeria would be interested in the findings.

To this end, he directed the Auditor-General of the Federation to study the report and make the key highlights public within the week.

He said, “There has been so much of controversy over this NNPC and leakages or no leakages. I remember the Senate has also looked into it, it is also good that you professionals have also looked into it.

“What appears in the papers and the speculations is also very high, the figures that I cannot even imagine the country will make is being bandied in the newspapers.

“So, I am quite pleased that you have undertaken the forensic audit. Though it is voluminous, I will give it to the professionals.

“In government work, there are people that have the statutory responsibilities to handle such assignment which is the Auditor-General of the Federation.

“So, the Auditor-General will look at it and within the week, let us have key highlights because the media will want to know the key findings vis-a-vis the Senate’s findings and figures being bandied around in the newspapers

harrysterol:
make him ban cigar wetin concern me I d campaign for my own orijin na, campaign for ur own cigarette

harrysterol:
This man wan ban everything? Abeg mke him no ban orijin o

The presidential candidate of the All Progressives Congress, Maj.-Gen. Muhammad Buhari (retd), on Monday said if elected on February 14, he would ban the importation of basic items like rice and tomato in order to enhance local production of the products.

He also said his administration would focus on agriculture, mining, infrastructure and job provision at the top of its economic agenda.

Buhari, who gave a summary of how he intended to revive the economy in a meeting with the Organised Private Sector in Lagos, said his government would place emphasis on three key issues of security, tackling corruption and reviving the ailing economy.

The meeting, which had all the key members of the APC in attendance, was hosted by the Lagos State Governor, Mr. Babatunde Fashola.

“How can Nigeria be importing virtually everything? How can we be importing even tomatoes? If I am elected, basic items like rice and tomatoes, which we have the capacity to produce, will be banned from being imported,” Buhari said.

The APC presidential candidate said his commitment to the Nigerian people would be governed by the highest consideration for how his policies would create jobs.

He also said he would focus on the provision of infrastructure such as power and roads.
Buhari, who said he agreed with the current administration on the privatisation of the power utilities, however, said there would be a need to also privatise the transmission segment.

According to him, the privatisation of the power sector has yet to achieve the desired result because after the handing over of the assets to private investors, the hard work to connect the various parts of the power chain, supply gas, install transformers and complete substations has not been done.

He added, “Our studies show that we will require no less than 200,000 trained personnel to support the initiative to provide power and light up Nigeria.

“Apart from the inherent direct employment that this will give, the reduction in the cost of production, the savings from self-generation by Nigerians, who currently spend a lot of their income on purchase of diesel and petrol to generate their own electricity, will reduce the burden on their disposable income.”

An existing plan to build a refinery in Lagos will be supported by the Federal Government, according to Buhari.

Another area of infrastructure investment that will receive attention, according to him, is road and highway construction from one end of the country to the other.

He said his administration would concentrate on roads and highways that linked the states, while state governments would be expected to connect their respective areas to the highways.

Buhari said, “Road construction alone will unlock value chain of opportunities for construction companies, builders, engineers, architects, quarry operators, cement and iron rod producers and suppliers.
“The successful opening up of Nigeria by the construction of new roads and highways will revive road transport, truck manufacture, tyre manufacture as well as engine oil and brake pad production on one hand. It will also create a demand for job for mechanics, drivers and those engaged in transport support businesses.“We expect a revival of all the interstate economies to thrive across Nigeria, providing support to travellers by way of canteens, restaurants, farm produce etc.”

He, however, said because corruption was affecting the performance of the economy, he would tackle it headlong if elected into office.

According to him, the alleged $20bn missing crude oil proceeds, which was estimated to be equal to about N4.2tn, were nearly a year’s budget.

He said with N5m per vehicle, the amount could provide 840,000 patrol vehicles to help improve on the security of towns and villages across the country.

The APC presidential candidate also noted that the amount could provide 311,000 buses that could revolutionise the transport sector of the economy.

He said, “If the average cost of generating one megawatt of power is about $1.5m (excluding gas and distribution costs), $20bn would have brought us over 13,333MW of power. What a difference that will make in the country!

Yustash001:
Hmmm...professor...Are you telling me there's nothing like ''in my bed''.. ....mind you ear-piece is different from ear phone...

bastien:
I no sabi English but I never fail am,i can't speak good English or write good English, but know how to tackle am for exam



Big mistake na people make,especially

Talkless instead of let alone

sweettease:
I don't know about mineral but soft drinks dey dictionary abeg. Americans call it soda but that isn't the only usage of the word soda.

Also number 18, I agree Nigerians hardly use the verb 'bathe', it's mainly the noun 'bath' they use and you trying to correct that didn't even use it correctly, it's supposed to be bath and not bathe in your example. The verb is different from the noun e.g
'Where did you have your bath?' and 'where did you bathe?'

zonax:
"Let is father rule"
You sef don do your own. Lol

jacqo:
OP,petrol,kero or disel is not a mineral cos it can not be represented by chemical formular. Minerals are iron,gold,tin etc and can be represented by a chemical formular.

dustydee:
Too many errors. Please if you must correct others, ensure you minimise your mistakes too.

olipee:
See grammar biko

lirusehn:
your mistakes wont let me take you serious.

toxiflam:
Are you Buhari's daughter?
I can see you have a lot in common
Which one be " let is father rule