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Nairaland Forum / Nairaland / General / Politics / Buhari's Legacy As Minister Of Petroleum. (2560 Views)
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Buhari's Legacy As Minister Of Petroleum. by GBTYO: 9:12am On Dec 17, 2014 |
Despite its relative autonomy in those early years, NNPC was hopelessly inept. In the wake of allegations of massive fraud, including an improper withdrawal of more than $4b from the corporations accounts in the late 1970s, the newly elected President Shehu Shagari (1979-83) in March 1980 instituted a tribunal to probe allegations. http://bakerinstitute.org/media/files/page/9b067dc6/noc_nnpc_ugo.pdf 6 Likes 2 Shares |
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 9:19am On Dec 17, 2014 |
egift, |
Re: Buhari's Legacy As Minister Of Petroleum. by karlmax2: 9:28am On Dec 17, 2014 |
It is only almajaris and tinubus pack of illitrates that would vote pa buhari. A man that told nigerians that abacha never stole is the change some idiots want us to embrace a weaking who cannot choose his own running mate. If the apc primaries was won by atiku he would have called the bluff of the corrupt frog eye and choosen his runing mate. By now 10 Likes 2 Shares |
Re: Buhari's Legacy As Minister Of Petroleum. by OrlandoOwoh(m): 9:30am On Dec 17, 2014 |
GBTYO:Could you give us one achievement of Jonathan as Governor of Bayelsa State? 1 Like |
Re: Buhari's Legacy As Minister Of Petroleum. by OrlandoOwoh(m): 9:33am On Dec 17, 2014 |
You must be high on kaikai for not even understanding the thread you created. |
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 9:38am On Dec 17, 2014 |
Any body with a Stanford Libary pass can download the full Report of Tribunal of Inquiry into Crude Oil Sales which was setup to investigate the case of missing $4 billion dollars. Here is the link: http://searchworks.stanford.edu/view/1942901 [img]http://books.google.com/books/content?id=keouAQAAIAAJ&printsec=frontcover&img=1&zoom=1[/img] 4 Likes |
Re: Buhari's Legacy As Minister Of Petroleum. by karlmax2: 9:38am On Dec 17, 2014 |
WAtch the pack of illitrate come withdifferent type of abuse instead of treating the issue raised in the write up or try to deflect attention from the illitrate that would stibilize oil price 8 Likes |
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 9:47am On Dec 17, 2014 |
karlmax2: You are too late with your prediction. Alhaji OrlandoOwoh has already graced the thread with his illiteracy and left the building OrlandoOwoh: 7 Likes 1 Share |
Re: Buhari's Legacy As Minister Of Petroleum. by Ogbonaikenna(m): 9:47am On Dec 17, 2014 |
GBTYO:i like your writing style. Are you Beaf? |
Re: Buhari's Legacy As Minister Of Petroleum. by OrlandoOwoh(m): 9:53am On Dec 17, 2014 |
GBTYO:Anonimi, your crying after February 14 2015 is a "sure banker." |
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 10:01am On Dec 17, 2014 |
The limitation of the panel is underlined by the tribunals failure to summon Generals Obasanjo and Muhammadu Buhari, who as national ruler, and oil minister NNPC chairman respectively supervised the NNPC and controlled oil sales during the period in question. "Muhammadu Buhari as a member of the SMC & as the head of the petroleum dept was by nature taciturn & introvert. But he took any work given to him very seriously & if he failed at whatever he did, it would not be because he did not put his best, in fact, his very best. He was as reliable as he was hard working & HONEST" – Olusegun Obasanjo ("Not My Will", University Press Ltd., Ibadan, 1990, Pg 59) Why Buhari no go honest for your eye? 2 Likes |
Re: Buhari's Legacy As Minister Of Petroleum. by lilflipnerd: 10:35am On Dec 17, 2014 |
GBTYO:Now Obj's Quote seems to b accepted by Tan |
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 10:54am On Dec 17, 2014 |
lilflipnerd: OBJ has criticized every past regime and head of state apart from Buhari's. He did not only not criticize Buhari's regime but went on to sing praises about the man. Given that Buhari was a serving Minister of the Ministry of Petroleum during OBJ's tenure as a military head of state where $4billion went missing under his Watch, it will be safe to state that Obasanjo's criticism stops where his shady past starts. 3 Likes |
Re: Buhari's Legacy As Minister Of Petroleum. by lilflipnerd: 10:59am On Dec 17, 2014 |
GBTYO:do u believe Obj yes or no |
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 11:02am On Dec 17, 2014 |
lilflipnerd: NO! |
Re: Buhari's Legacy As Minister Of Petroleum. by lilflipnerd: 11:15am On Dec 17, 2014 |
GBTYO:Thank u |
Re: Buhari's Legacy As Minister Of Petroleum. by Caseless: 11:34am On Dec 17, 2014 |
OrlandoOwoh:none! He drank sapele water throughout his days as governor of bayelsa. 1 Like |
Re: Buhari's Legacy As Minister Of Petroleum. by jamace(m): 11:52am On Dec 17, 2014 |
Caseless: List of bursted Buhari propagandas: https://www.nairaland.com/2047620/list-busted-buhari-propaganda 1 Like |
Re: Buhari's Legacy As Minister Of Petroleum. by Sibabasibaba1: 12:08pm On Dec 17, 2014 |
GBTYO: Chai! Obasanjo na bad guy!. He knew Buhari was not intelligent. The words in bold are just euphemism for Buhari's best not being good enough. The words can also be seen as an innuendo--just like the biblical 'Namaan was a man of valour but he was a leper'. So, let's put Obasanjo's views this way: 'Buhari works hard and he always puts in his best. However, despite his hard work, there is always k-leg' in assignments he handled. Obasanjo sef. |
Re: Buhari's Legacy As Minister Of Petroleum. by atlwireles: 12:19pm On Dec 17, 2014 |
GBTYO: . I have attempted a screenshot, no success. |
Re: Buhari's Legacy As Minister Of Petroleum. by GBTYO: 3:23pm On Dec 17, 2014 |
OrlandoOwoh: 1 Like |
Re: Buhari's Legacy As Minister Of Petroleum. by Curlieweed: 3:44pm On Dec 17, 2014 |
And here I was thinking that Buhari's lack of intelligence and general mumuness was due to old age but it's now very obvious the animal was born without a working brain cell. This is pure genetic mumuness. 3 national outings (minister, head of state and PTF chairman) = 3 monumental disasters and the clown wants a fourth. 2 Likes |
Re: Buhari's Legacy As Minister Of Petroleum. by unongu(m): 8:48am On Dec 19, 2014 |
lilflipnerd:WHAT PROMINENT NIGERIANS SAY ABOUT BUHARI “The army after toppling our democratic regime have no option but to install Buhari as head of state so as to avoid credibility problems, especially in the sight of the international community because of his being an epitome of integrity." - SHAGARI. “There are only 2 honest & reliable Nigerians. Myself & Buhari. All what PDP is saying of Buhari being fundamentalist is mere hot lies. They just fear, let‘s go to jail “ – OBJ General Muhammadu Buhari as a member of the Supreme Military Council and as Head of NNPC was by nature taciturn and introvert. But he took any work that was given to him very seriously. He is reliable as he is hardworking and honest, his path of moral probity and rectitude” Incorruptible – President Olusegun Obasango , in his book, “Not My Will”. “Buhari was a big brother & a father to some extent that mean nothing in life & to the nation always other than good. So, I fear no harm from him.“ – LATE YAR‘ADUA. “Buhari was honest & sincere in all his conduct that perhaps, only very few Nigerians could match in integrity.“ –GEN. ABDUSSALAM “Gen. Muhammadu Buhari was a true patriot, respected former head of state & elder statesman & a nationalist.“ -PRESIDENT JONATHAN. “I have realized our collective mistake in over-throwing you. I have seen the terrible damage which our inaction caused to the Nigerian psyche. I am most sorry. Please, come and do what is best known about you. Patriotic service to the nation.“ –LATE ABACHA (PTF inaugural speech). “If Buhari quit PTF job as he promises & as we knew him to mean his words, all along, I support the idea of scrapping PTF as no one else can do the job as him.“ –IBB I respect Buhari. He was my Boss.He was an honorable man. And I can say this anywhere”. -General Ibrahim Babangida. “As a member PDP BOT, I decided personally to donate the #5,000,000 to Buhari‘s campaign organization because of my firm believe in his ability to right all the nation wrongs- ALH. ISIYAKU IBRAHIM. “Buhari is as clean as the book I am holding” ~ Alhaji Isiaku Ibrahim, a Member of PDP Board of Trustees @ a Book launch in Kaduna “The issue of Gen. The Buhari‘s presidency was always being derided by the criminals who looted the nation to stupor by embarking upon a campaign of calumny so as to smear his name with a view to denying Nigerians having a leader who can improve their lots.“ –PROF. DAVID WEST. “If the truth must be said, Buhari remain the only real threat to PDP wither he runs for the presidency or not due to his wider followership among the masses that now hit the elite circle.“ -SEN. MAKARFI. ***Kindly share this if really you believe in a NEW Nigeria & that another Nigeria is possible*** Shun Sentiments! Avoid Religious & Ethnic biases... vote competence and integrity!!! 1 Like |
Re: Buhari's Legacy As Minister Of Petroleum. by unongu(m): 9:04am On Dec 19, 2014 |
Curlieweed:THE MUHAMMADU BUHARI ACHIEVEMENTS SERIES.....SEASON 5 A PEEP INTO THE PEOPLES GENERAL ACHIEVEMENTS AS PTF CHAIRMAN Initially PTF awarded contracts for the rehabilitation of 12,000km of federal highways (including drainages) nationwide, and between 25-100km of urban road in major cities such as Gusau, Benin, Funtua, Zaria, Enugu, Kaduna, Aba, Lagos, Lokoja, and Port Harcourt. A N27.3bn contract was awarded for road rehabilitation in the first quarter of 1996. The sum of N1.328bn was awarded to 53 pharmaceutical companies for the supply of drugs, while the importation of vaccines cost N229.9m. As at December 31, 1997, funds available to PTF stood at N115.1bn. One thing even the most uncharitable critic of PTF will admit is that it has evolved a new way of doing things. This is true to its mission statement which is 'to establish and operate an open, modest and efficient organisation for the purpose of achieving the honest and timely execution of carefully designed socio- economic projects.' It depends therefore largely on consultants supervised by Afri- Projects Consortium, the management consultant to PTF. This policy has created jobs and boosted the confidence of Nigerian professionals such as architects, engineers and quantity surveyors. In many other ways, PTF has thrown a lifeline to dying sectors of the economy. Most of Nigeria's pharmaceutical companies were failing, and the foreign multinationals were divesting. But through its drugs procurement programme, PTF has turned the balance sheet of most of them into profit. Equipment and car leasing companies are also benefitting from the multiplier effects of PTF operations. Banks and insurance companies have also benefited. Nigeria has a history of contractors collecting mobilisation (advance) fees and not carrying out the contract. But not with PTF. Every advance payment up to N10m must be guaranteed by a PTF-approved bank, while other advance payments are covered by performance bonds issued by similarly approved insurance companies. This method, apart from increasing solvency through cash deposits, has created business for banks and insurance companies. One of the insurance companies that has benefited from PTF as a provider of performance bonds is The United Nigeria Insurance Company (UNIC), a composite insurance company which provides both life and non-life insurance. The total assets of UNIC stood at N979m while it grossed premium income of N916m and settled claims of N263m in 1996. With a staff of 552 spread all over its nationwide branch network, UNIC is today one of the leading insurance company in Nigeria. Another company that has done good business with PTF is IPWA plc, formerly International Paints (West Africa) Ltd. IPWA is today one of the biggest and most diversified paint manufacturers in Nigeria. The company product range spans automotive paints, building paints, industrial coatings and marine coatings. Others are packaging coatings, protective coatings and wood finishes. Most PTF contractors, specialist advisers and consultants lease and use computers, fax machines, printers and photocopiers. This has provided a new market for computer companies like Leading Edge Ltd., headed by Mr Tony Edoro, the managing director. Leading Edge is foremost in cloning computers with parts from diverse companies such as US Micro- Generation, IBM Direct, Merisel and Gateway. According to Mr Edoro, a widely experienced computer systems engineer, the advent of PTF has been good for Leading Edge. The company's turnover has grown from N50m in 1995 to well over N100m in 1997. In a country dogged by lack of transparency, PTF is the first, and perhaps the only public institution in Nigeria to publish its annual accounts. Last year, when he presented the annual report and accounts of 1996, Gen. Buhari promised to present the 1997 accounts before the end of the first quarter of 1998. He fulfilled that promise. The 1997 account of PTF shows that it disbursed N24.3bn on roads, N21.2bn on security, N7.8bn on health, and N3bn on other projects. Other disbursements include N2.2bn on water supply, N936m on food supply and N476m on education. It realised a total of N1.049bn from various investment activities. Reviewing the success story of PTF, Gen. Buhari said: "We have consolidated our execution of the take-off projects for the previous year and increased our intervention within the sectors. There is no doubt that the years ahead will witness even more intervention, as reports of some of the studies commissioned are received and project execution commenced." The fund has embarked on community education to sensitise and enlighten communities of its activities. The idea is to bring recipients closer to the objectives of the fund, so that they can participate in project identification and selection as well as eventual PTF projects in their areas. Nobody knows how long PTF, a purely intensive intervention agency, will last or whether there will be a place for such an agency under a democratic set up. That decision, Gen. Buhari said, will be up to Nigerians. For now his preoccupation is to rehabilitate infrastructure and reorientate the people towards a new, effective and efficient way of executing uninflated contracts without kickbacks and without consuming mobilisation fees. Said Gen. Buhari to PTF contractors: "If you perform well, you get a hand shake. If you perform badly, you get a handcuff." INNOCENT EBOIGBE EHIZ |
Re: Buhari's Legacy As Minister Of Petroleum. by 12Monkeys: 12:49am On Sep 12, 2016 |
Thief in Power |
Re: Buhari's Legacy As Minister Of Petroleum. by 12Monkeys: 12:51am On Sep 12, 2016 |
Caseless: another foool |
Re: Buhari's Legacy As Minister Of Petroleum. by BigBabyJesus: 1:38pm On Mar 28, 2020 |
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