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Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsDespite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo (13426 Views)

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Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by blackgold2018(m): 9:34pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
idiot.. what about Buhari and Tinubu?
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by BitterTruth0001: 9:35pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
If you were shot dead , would it not be better for humanity ? Asking a question
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Azzik: 9:35pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
Go and look for a job and stop fooling yourself all over naira land.... Jonathan is worse then what will you say about buhari and your tinubu
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by princeade86(m): 9:36pm On Oct 25, 2024
Alaska5050:
None of the president after obj can boast of performing better than him, hope you know this?
hatred will never let him know. If not for obj, will he get fone to type
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Mrfeel: 9:37pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
Obasanjo couldn't give account of the $16 billion dollars wasted on electricity power
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Apcshyte: 9:37pm On Oct 25, 2024
Tinubu pro max
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by flyinnizam(m): 9:37pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
hope u don chop today?
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by HighChiefZino:
Anyone who criticizes GEJ can go ahead and do so. I wonder how much one could be paid to play the tribal card for these heartless politicians. What were the prices of rice and fuel, and what was the exchange rate when GEJ was in power?

It will never go well for anyone supporting the evil APC, both in this life and the next, all for a bowl of porridge, while so many are suffering and dying in this country.

That said, I hold GEJ responsible for allowing them to rig him out in the 2015 election, despite the evidence against that corrupt party. Without that, this evil party would not have thrived.
My heart goes out to anyone struggling to find something to eat or to feed the family, hold tight. There's still hope.
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by prof22(m): 9:40pm On Oct 25, 2024
When i was saying GEJ made APC an option. One cretin was talking trash. GEJ left N2b, baba left close to 45b
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by tete7000(m): 9:41pm On Oct 25, 2024
Tokskob2008:
Every other president after OBJ were all calamity with the exception of no one but this present one is just too much over calamity
They were picked or supported to power by Obasanjo himself.
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by slimfit1(m): 9:42pm On Oct 25, 2024
Jonathan should come out and explain to us how those funds walked out of the treasury.
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Alaska5050(m): 9:42pm On Oct 25, 2024
princeade86:
hatred will never let him know. If not for obj, will he get fone to type
Obj actually tried I swear
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by anonimi: 9:42pm On Oct 25, 2024
adenigga:
Source: https://dailypost.ng/Despite-leaving-$70bn-in-Nigeria’s-coffers-we-owe-more-debt-now-Obasanjo
Did he not make inept Yar’Adua Iwuruwuru INEC president? Did he not help Tinubu to make Buhari president in 2015, which paved way for Jagaban to achieve his ebilokan dream to continue APC economic mismanagement?

Why is Baba Iyabo crying now, like Buhari did in 2011 because Tinubu said he was expired huh

Iyabo Obasanjo writes father, says: ‘Dear Daddy, you don’t own Nigeria

December 18, 2013

In what is turning out to be a season of open letters, daughter of former President Olusegun Obasanjo, Iyabo, has ruled out further communication with her father till death, describing him as a liar, manipulator, two-faced hypocrite determined to foist on President Goodluck Jonathan what no one would contemplate with him as president.

Senator Iyabo Obasanjo in a letter to her father accused him of having an egoistic craving for power and living a life where only men of low esteem and intellect thrive.

In the 11-page letter dated December 16, 2013 exclusively obtained by Vanguard, Iyabo accused her father of orchestrating a third term for himself as president, cruelty to family members, abandonment of children and grandchildren, and also, a legendary reputation of maltreatment of women.

Iyabo who forswore further political engagements in Nigeria denied any political motive for her missive, and described Nigeria as a country where her father and his ilk have helped to create a situation where smart, capable people bend down to imbeciles to survive. She particularly noted her experience as chairman of the Senate Committee on Health when she led the committee on a retreat appropriated for in the budget only for her to be prosecuted for it.

Iyabo, first child of the former president, started the letter titled, Open Letter to my Father with a 4th century Chinese proverb by Mencius which states: “The great man is he who does not lose his child’s heart.”

Her letter:

“It brings me no joy to have to write this but since you started this trend of open letters I thought I would follow suit since you don’t listen to anyone anyway. The only way to reach you may be to make the public aware of some things. As a child well brought up by my long-suffering mother in Yoruba tradition, I have been reluctant to tell the truth about you but as it seems you still continue to delude yourself about the kind of person you are and I think for posterity’s sake it is time to set the records straight.

https://www.vanguardngr.com/2013/12/iyabo-obasanjo-writes-father-says-dear-daddy-dont-nigeria/amp/
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Mrfeel: 9:42pm On Oct 25, 2024
9jatriot:
Obaasanjo try sha, I wonder if his third term bid would have been such a bad thing after all.

But his choice of successor was abysmal to say the least. Yar'a Dua practically reversed many of the things Obj ha set in motion. He reversed the sale of the refinery to Dangotte and then set the power sector backwards forever.

To be popular he reversed the increment in petrol, of course short sighted people still hail him for that till today but in hindsight, it was a wrong move.

Then I do not even want to mention Jonathan, that one squandered the resources of the country.
Obasanjo is the reason Nigeria is still suffering epileptic power supply, where is the 16$ billion spent on power by him?
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Alaska5050(m): 9:43pm On Oct 25, 2024
flyinnizam:
hope u don chop today?
Pls help me with 2k . Haven't eaten for days here in sch
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by santaclaws: 9:43pm On Oct 25, 2024
Smithkafors:
When they are busy electing illiterates and corrupt entities calling it wisdom.

Which educated person will go and queue to vote Buhari and Tinubu if no tribalism. We are learning the hard way now.
Most of the money Obasanjo left was STOLEN UNDER GOODLUCK JONATHAN! When Sanusi called the attention of the presidency and senate to the stolen $20 billion, all of you said he was attacking Jonathan... Now see what happened.

Buhari too continued excessive borrowing and his minister looted... Tinubu just came in and he's been borrowing as well.

We cannot be selective in our criticism just because Jonathan looked gentle and is from the South. His tenure is responsible for the majority of those missing funds!
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by BigIyanga: 9:45pm On Oct 25, 2024
muykem:
You people are the most tribalisitic in Nigeria. Can you imagine leaving out GEJ that squander the money and jump to Buhari and Tinubu.
Feelings are not facts ejiota. GMB borrowed the most in Naija.. followed by BAT. GEJ left the largest economy in Africa. Shoopid folks like you are the reasons when GMB was elected. Egnorant folks like you dont know the difference bte ECA and foreign debt😂😂😂
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by anonimi: 9:46pm On Oct 25, 2024
EmperorCaesar:
cheesy
Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
You have no clue what you’re talking about. None whatsoever.

Nemere2020:
The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.

He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.

He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.

“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.

“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”

https://nairametrics.com/2023/09/01/the-last-time-nigerias-economy-was-stable-was-about-a-decade-ago-wale-edun/
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Zege7716: 9:48pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
Tribalism has blinded u from seeing your own brother's fault.
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by bemeruca: 9:49pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
you are still fixated on GEJ, then hungry bin no they catch you. Even hunger no fit clear your eyes and tribalism.
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Ringstonermask: 9:49pm On Oct 25, 2024
Best president so far ...
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by anonimi: 9:50pm On Oct 25, 2024
santaclaws:
Most of the money Obasanjo left was STOLEN UNDER GOODLUCK JONATHAN! When Sanusi called the attention of the presidency and senate to the stolen $20 billion, all of you said he was attacking Jonathan... Now see what happened.

Buhari too continued excessive borrowing and his minister looted... Tinubu just came in and he's been borrowing as well.

We cannot be selective in our criticism just because Jonathan looked gentle and is from the South. His tenure is responsible for the majority of those missing funds!
Sanusi only played on your intelligence with his fake alarm to divert attention from the query that he failed to answer about his mismanagement of CBN funds.

barcanista:
Since I was born, I have never witness the kind of hypocrisy, double standard and demonisation that is currently perpetrated by Muhammadu Buhari, the APC, Alhaji Sanusi, Osinbajo and their "good governance crusaders" against the person of President Goodluck Jonathan, Allison Madekwe, and other government officials.

Alhajis Buhari and Sanusi and APC have been going about using every platform to talk about a "missing $20b", cheered by their hypocritical followers that pride themselves as good governance crusaders. They have deliberately gone blind over the fraud of CBN under Sanusi as outlined by the Financial Reporting Council of Nigeria report in February 2014.

Sanusi Indicted And Removed For Fraud
According to the report (see below) Sanusi was indicted for Gross Misconduct that bothers on fraud and financial recklessness among other offence. The FRCN subsequently advised Mr President to remove Lamido Sanusi from office for further investigation and probe after the explanation of Sanusi appeared more like a tale and outrightly illogical according to FRCN. The council indicates that the explanation provided by Sanusi is “a clear display of incompetence, nonchalance, fraud, wastefulness, and abuse of due process and deliberate efforts to misrepresent facts on the part of the leadership of the CBN.”

The council advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.”


April 2014: VP-elect Yemi Osibanjo Filed Case To Stop Sanusi Probe
Rather than Sanusi to prove his innocence in court, he filed a case in Federal High Court, Lagos to STOP FRCN and Other Security Agencies from investigating and prosecuting him through three Senior Advocates of Nigeria, Prof. Yemi Osibanjo, Dr. Kanyinsola Ajayi and Kola Awodien.
http://www.theguardianmobile.com/readNewsItem1.php?nid=24587

13 May 2014: Lagos Judge Tshoho Grants Sanusi Prayers
High Court Judge John Tshoho rather than uphold the constitutional powers of FRCN to investigate probe Sanusi, he granted the prayers of Lamido Sanusi and BARRED FRCN from further investigation or probing Sanusi Lamido Sanusi. In his own words...
“Prejudice is very pronounced in the language of that document. The language of the briefing note (transmitted by the FRCN to the presidency) conveys a sense of the defendant desperately goading the presidency to deal with the plaintiff,”
“The plaintiff submitting himself for investigation (by FRCN) is like the cockroach finding itself in the midst of fowls. Such a cockroach cannot be innocent,”.

http://www.tv360nigeria.com/?p=11923

Despite the fact the President Jonathan commissioned PWC to audit NNPC books to ascertain the veracity or otherwise of Sanusi's claim, Buhari, APC, Sanusi and their online agents that parade themselves as good governance and anticorruption apostles have been crying blue murder but refused to comment on the FRCN report nor the APC's VP elect role in shielding Sanusi for probe.

April 26, 2015: Buhari's Display of Hypocrisy
In his usual hypocrisy, General Buahri vowed to re-visit the $20b allegation but said NOTHING about the FRCN report. In his own word... “Imagine a situation where the former CBN governor who by God ‘s grace would later become the  Emir of Kano raised an  issue of missing billions of money, not in Naira but in Dollars, $20 billion.
“What happened, instead of investigating to know whether it was true that the money was missing or not, they simply found a reason to remove him. So these are the issues we are talking about…"

Contrary to the lies of Alhaji Buhari, Sanusi wasn't removed because he raised alarm, he was removed because he was indicted by FRCN. Jonathan also never kept mute, he commissioned PWC to audit the books. Buhari was also blind to talk about prosecuting Sanusi for the CBN fraud. Perhaps the Emir is as "incorruptible" as him(Buhari)
The FRCN’s report on Sanusi



https://saharareporters.com/sites/default/files/page_images/galleries/2014/AW0D5621.JPG?1392910970



The decision to suspend the Central Bank of Nigeria Governor, Sanusi Lamido was based on a report of the Financial Reporting Council of Nigeria dated June 7, 2013.

The report was made after a review of Sanusi’s response to the query issued to him by the President over the apex bank’s financial statement of 2012. His response was dated May 20, 2013.

According to a copy of the report obtained by our correspondent on Thursday, the council indicates that the explanation provided by the suspended CBN governor is “a clear display of incompetence, nonchalance, fraud, wastefulness, and abuse of due process and deliberate efforts to misrepresent facts on the part of the leadership of the CBN.”

The council advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.”

The report read: The particulars of the infractions against Sanusi are:

Persistent refusal and/or negligence to comply with the Public Procurement Act in the procurement practices of the Central Bank of Nigeria.

(A) By virtue of Section 15 (1)(a) of the Public Procurement Act, the provisions of the Act are expected to comply to ‘all procurement of goods, works and services carried out by the Federal Government of Nigeria and all procurement entities.’ This definition clearly includes the Central Bank of Nigeria.

(B) It is however regrettable that the Central Bank of Nigeria, under his leadership, has refused and/or neglected to comply with the provisions of the Public Procurement Act (PPA). You will recall that one of the primary reasons for the enactment of the PPA was the need to promote transparency, competitiveness, cost of effectiveness and professionalism in the public sector procurement system.

More from: http://www.punchng.com/news/the-frcns-report-on-sanusi/
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by bemeruca: 9:51pm On Oct 25, 2024
ALTERNATEID:
Jonathan met an Excess crude account of over $20billion and external reserve of $45billion. He squandered every single kobo despite crude oil selling at over $100 all through his tenure. Today, folks like you with short memories are trying to tell us how Jonathan was a better president than those that came after him. Good will judge all of us on this country.
Oga, E no squander anything. point your fingers at the right place.
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by id4sho(m): 9:52pm On Oct 25, 2024
richmond500:
Goodluck and Buhari were the biggest mistakes we had as presidents.

May they die a miserable death
Buhari has most capital projects after Shehu Shagari. Be constructive pls, just that the loans are killing
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Ringstonermask: 9:53pm On Oct 25, 2024
JAMO84:
Whatever you left behind, your handpicked successor squandered it.

I had to say it before ipob terrorists and the headless mob put it on Buhari and Tinubu
do u know d meaning of external reserves at all ?

APC destroyed d country
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by chigo32: 9:54pm On Oct 25, 2024
Fool
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Ringstonermask: 9:55pm On Oct 25, 2024
JAMO84:
Whatever you left behind, your handpicked successor squandered it.

I had to say it before ipob terrorists and the headless mob put it on Buhari and Tinubu
ur screenshot says Jonathan left $26B worth of external assets

Where is it under Buhari and Tinubu ?
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by samsard(m): 9:57pm On Oct 25, 2024
ALTERNATEID:
Jonathan met an Excess crude account of over $20billion and external reserve of $45billion. He squandered every single kobo despite crude oil selling at over $100 all through his tenure. Today, folks like you with short memories are trying to tell us how Jonathan was a better president than those that came after him. Good will judge all of us on this country.
Not-so fun fact, ECA account was blown because the governors decided that it should be spent. Even Amaechi admitted it. What was his excuse? Supposedly the Federal Government was spending it alonehuh So they decided to blow it up collectively. Welcome to reality.
The 36 set of thieves we usually have as governors are a huge part of the reason why this country is where it is.
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by Osgilliat(m): 9:58pm On Oct 25, 2024
We saw the $70 billion you left for us baba. Unfortunately we’ve spent it all. We also saw the numerous problems you left for us, those problems has become so huge and like ticks on all our as*.
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by JimD(m): 10:03pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I remember Dansuki
I remember Stella Oduah bullet proof cars

Ngozi Okonjo couldnt account for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
This one is busy doing his job. Double your hustle for your paymaster, maybe they'll add something to the 30k. Imagine comparing GEJ to the uneducated, power-hungry old cargos we have now.
Re: Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo by flyinnizam(m): 10:04pm On Oct 25, 2024
Alaska5050:
Pls help me with 2k . Haven't eaten for days here in sch
what can 2k buy for u?
1 2 3 4 5 6 7 Reply

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