₦airaland Forum

Mynd44:
It is quite distasteful that after seeing the report of the PWC audit, I remember that President GEJ had this report since last year and hid it from the public cos he knows how damaging it is and he knows it will hurt his chances of being re-elected. And it is the same people who were shouting that we vote the thieving administration are the ones dictating what the next government must or must not do. GEJ is still president, why did he sit on the report? Why did you clowns not tell GEJ to do a complete audit of NNPC? You see the level of your hypocrisy eh....

nduchucks:
Sorry to say that OP's suggestion is dead on arrival. The suggestion is equivalent to stating, in a nonsensical manner, that "if you must prosecute a thief you caught red handed today, you must also prosecute another prson who stole 11-15 years ago".

The issue at hand is the recently released audit report. Lets deal with the newly caught thieves first.

barcanista:
The APC is in for a real shock.

barcanista:
We all know that Buhari is doing what he's doing to embarrass Jonathan. Well that is not my business. My own is that he MUST touch every sphere including his. We must thrash everything once and for all.

Whynotthetruth:
Seriously bro, I don't understand your line of argument most times...it appears very warped and doesn't reflect the adult you're

MizMyColi:
Well, if truly GEJ did not make any inquiry into said missing funds, then that is gross misconduct and unacceptable.

BUT.
I doubt, I doubt that he did nothing at the time.
Except of course, he felt SLS was up to no good or was trying to get back at him for a perceived wrong, to which end, he waived it aside. Last I checked...this is politics, Nigerian politics. It's always been a case of scratch my back, I scratch yours.

If only the Media Team of GEJ is/was as apt, and articulate as that of GMB's....we mightn't have been here.

Besides, I read somewhere that NNPC and CBN weren't fully cooperational, could it be that they (CBN) have been involved in some shadiness too?

Could all this bad blood be as a result of deals/agreements gone wrong between both institutions from the get go and now GEJ's the scapegoat?

Perhaps I missed it, but was 20billion dollars actually missing?

Mynd44:
I am 12 years old

otr1:
...as certain as the sun would rise from the east, NNPC will be probed and anyone found culpable, punished. However, you don't dictate to us how it's going to be done, we do.

kaboninc:
Nne,

The records and event trails are there. Don't you think its better to revisit them?

Whynotthetruth:
Apply NPK fertilizer to your brain boss

MizMyColi:
Good to have you here.
Please bring me up to speed, I guess I missed the time frame for said PwC probe.

Quite frankly, it is herculean reading 190 pages or so of verbiages I am not adequately familiar with.

From what I gathered from news sites, there's no missing 20b

The last question I asked was more of a rhetoric.

sureguy02:
Barcanista and his flawed reasoning!

What was GEJ doing since 2010? Why didn't he probe OBJ and the leaders before him? What makes you think you have a say in how Buhari will run his govt?

I sincerely believe you haven't gone through the report! If not, you wouldn't have spewed this nonsense here.

You committed a "slippery slope" fallacy. If GMB decides to probe the allegations of the missing money, it doesn't mean he has to probe past leaders. We are not asking him to wake people from their graves to probe them.

Why are you scared by the way? You shouldn't have any reason to fear if GEJ's hands are truly clean.

barcanista:
About a week ago President-elect Muhammadu Buhari vowed to probe the allegation made by exCBN boss Alhaji Sanusi Lamido Sanusi. Buhari also vowed to bring looters of the treasury to justice. This is a welcome development I must admit. However, Mr Buhari we also need you to do the following because we want a "Complete Clean-up" of the system and not just a partial probe.

1. Independent Audit of NNPC Account From 1999 To 2015:
I don't believe that corruption in the Petroleum sector started from February 2010 when Goodluck Jonathan took over the reins of power. President-elect Buhari MUST prove his seriousness in tackling corruption in the Petroleum sector by hiring a reputable audit firm, whether KPMG, PWC or any reputable firm to audit NNPC and CBN books from 1999 when Obasanjo was Petroleum Minister/President for 8years to 2015. The Audit must be comprehensive and be made public.

2. Independent Audit of NNPC Account from 1977-1979
Mr Buhari was the Petroleum Minister/NNPC Chairman between 1977 to 1979, and there was allegation of missing $2.8 billion under his watch. Olusegun Obasanjo was the Head of State during this period. President Shehu Shagari instituted a panel to look into it with Justice Ayo Irikefe as Chairman and Barr Chike Ofodille as Secretary. The Report was never made public when General Muhammadu Buhari toppled the Shagari government. Strange enough, General Buhari appointed Justice Ayo Irikefe as Chief Justice of the Federation and Barr Chike Ofodille as the Attorney General/Justice Minister after taking over power. Was it to "shut them up"? It is public knowledge that no independent audit of NNPC books was carried out to ascertain the veracity or otherwise of the allegation against Mr Buhari.
In the spirit of Transparency, President-elect Buhari MUST appoint a reputable firm to audit the NNPC books between 1977 and 1979.

3. IBB's $12 billion Gulf Windfall
General Ibrahim Babangida along with then CBN Governor Alhaji Abdulkadir Ahmed were indicted in mismanaging/diverting the sum of $12billion through special accounts that had Babangida as the sole signatory. The Okigbo Panel set up by late Sani Abacha to. Investigate the oil windfall submitted their findings to Abacha on August 29, 1994. Abacha and successive government failed to act on it. It is a must that President-elect Buhari visit the probe report. Alternatively, a comprehensive audit of the NNPC between 1985 and 1993 should be done by Buhari.
See part of the report
....www.nairaland.com/22333/how-ibb-wasted-12bn-oil

4. Continue The FRCN Indictment on Alhaji Lamido Sanusi
The Financial Reporting Council of Nigeria in February 2014 indicted exCBN Boss and Emir of Kano for fraud. The council in its report indicates that the explanation provided by Lamido 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.” www.punchng.com/news/the-frcns-report-on-sanusi/
Rather than clear his name, Lamido Sanusi went to court to obtain immunity from investigation and prosecution, which was granted him. www.premiumtimesng.com/news/160582-update-sanusi-floored-nigerian-government-frcn-court.html

President-elect Buhari MUST ensure that the case against Sanusi is pursued to the letter alongside the $20b probe.

5. Prosecute APC Kebbi State Gov-elect Abubakar Bagudu For Fraud
Atiku Bagudu is an APC Chieftain and the Governor-elect of APC. He was an associate of Sani Abacha and together with Muhammed stole Nigeria's money in billions of dollars which they transferred abroad for Gen Sani Abacha.
According to US Court Document some of the money was stolen directly from the Central Bank of Nigeria through a fraudulent security vote perpetrated through letter requests from Mr.Abacha’s National Security Adviser, Aliyu Gwarzo, with the help of the late dictator’s son, Mohammed Abacha, and his close associate Atiku Bagudu.

“Abacha together with Mohammed Sani Abacha, Bagudu and others, systematically embezzled public funds worth billions of dollars from the CBN on the pretext that the funds were necessary for national security.
“After causing the CBN to release the funds, often in cash, Gen. Abacha and Bagudu then moved the funds overseas,
including through US financial institutions (the Security Votes Fraud).
www.premiumtimesng.com/news/161251-nigeria-asks-u-s-return-500-million-abacha-loot-country.html
lindaikeji..com/2014/08/abacha-loot-us-to-return-480million-to.html

6. Any Other Case That May Spring up

Conclusion
Alhaji Muhammadu Buhari must not leave out the aforementioned in his haunt for the " missing $20 billion". This is the only way to win public confidence and institute equity.


God Bless Nigeria

nduchucks:
Sorry to say that OP's suggestion is dead on arrival. The suggestion is equivalent to stating, in a nonsensical manner, that "if you must prosecute a thief you caught red handed today, you must also prosecute another prson who stole 11-15 years ago".

The issue at hand is the recently released audit report. Lets deal with the newly caught thieves first.

sureguy02:
Barcanista and his flawed reasoning!

What was GEJ doing since 2010? Why didn't he probe OBJ and the leaders before him? What makes you think you have a say in how Buhari will run his govt?

I sincerely believe you haven't gone through the report! If not, you wouldn't have spewed this nonsense here.

You committed a "slippery slope" fallacy. If GMB decides to probe the allegations of the missing money, it doesn't mean he has to probe past leaders. We are not asking him to wake people from their graves to probe them.

Why are you scared by the way? You shouldn't have any reason to fear if GEJ's hands are truly clean.

nduchucks:
Sorry to say that OP's suggestion is dead on arrival. The suggestion is equivalent to stating, in a nonsensical manner, that "if you must prosecute a thief you caught red handed today, you must also prosecute another prson who stole 11-15 years ago".

The issue at hand is the recently released audit report. Lets deal with the newly caught thieves first.

OAM4J:
Buhari is not yet the president bro and he has not done anything yet. He is only saying what he might do or not do. Make una all go kulu-kulu temper till he is sworn in and starts taking actions.

I have no problem probing from 1900, but the current thieves caught should refund what they stole or go to jail. Period.

Or you want make we wait till older thieves are caught before dealing with the current ones?

sureguy02:
Barcanista and his flawed reasoning!

What was GEJ doing since 2010? Why didn't he probe OBJ and the leaders before him? What makes you think you have a say in how Buhari will run his govt?

I sincerely believe you haven't gone through the report! If not, you wouldn't have spewed this nonsense here.

You committed a "slippery slope" fallacy. If GMB decides to probe the allegations of the missing money, it doesn't mean he has to probe past leaders. We are not asking him to wake people from their graves to probe them.

Why are you scared by the way? You shouldn't have any reason to fear if GEJ's hands are truly clean.

kaboninc:
Nne,

Same news site have information about the content of the letter Sanusi sent to GEJ. They also have details of the various House and Senate meetings and Inter Ministerial committee meetings for which Sanusi was a member.

They have the various figures alleged by Sanusi to be 'missing' - $49.8 billion, $12 billion, $10.8 billion and lastly $20 billion. I wonder why $20 billion stuck.

Then take time to read the PwC's final report. Its just simply a report. A financial document and doesn't contain jargon.

Am sure you'd agree that the SAME recommendations by the House and Senate were maintained by PwC.

Nne, I believe some people just like to distort fact and seriously, Nigerian youths have a long way to go!

kaboninc:
Nne,

Same news site have information about the content of the letter Sanusi sent to GEJ. They also have details of the various House and Senate meetings and Inter Ministerial committee meetings for which Sanusi was a member.

They have the various figures alleged by Sanusi to be 'missing' - $49.8 billion, $12 billion, $10.8 billion and lastly $20 billion. I wonder why $20 billion stuck.

Then take time to read the PwC's final report. Its just simply a report. A financial document and doesn't contain jargon.

Am sure you'd agree that the SAME recommendations by the House and Senate were maintained by PwC.

Nne, I believe some people just like to distort fact and seriously, Nigerian youths have a long way to go!

At this point, I will no longer comment on this matter, till I have researched things for myself.
No more nibbling at straws.

Apart from the PDF document (which I have), IYO, which news website covered this matter more objectively?

At your last sentence, true that.... But there's a silver lining

Whynotthetruth:
Don't you think you're the one whose reasoning is flawed here
Some audit has been undertaken both by internal and external auditors but buhari seemed not satisfied with the results...So it is only pertinent that he undertakes a complete audit if he aren't trying to be mischievous...

Whynotthetruth:
Don't you think you're the one whose reasoning is flawed here
Some audit has been undertaken both by internal and external auditors but buhari seemed not satisfied with the results...So it is only pertinent that he undertakes a complete audit if he aren't trying to be mischievous...

luvmijeje:
Story for the gods..... The President elect will probe NNPC from whatever year(s) he wants and you barcanista don't have the right to give him conditions before he do what we (those that detested corruption) elected him to do .

If you are truly concerned, tell your corrupt President to start probing before he lives that seat.

MizMyColi:
At this point, I will no longer comment on this matter, till I have researched things for myself.
No more nibbling at straws.

Apart from the PDF document (which I have), IYO, which news website covered this matter more objectively?

At your last sentence, true that.... But there's a silver lining

Whynotthetruth:
Don't you think you're the one whose reasoning is flawed here
Some audit has been undertaken both by internal and external auditors but buhari seemed not satisfied with the results...So it is only pertinent that he undertakes a complete audit if he aren't trying to be mischievous...

sureguy02:
You are blabbing here just because you haven't read the report! Please download it, it is free.

No sane or well meaning Nigerian will be satisfied with the results! The report even shows that the missing money might be much more than the alleged $20B. Why do you think GEJ didn't release the report before the elections?

You have a brain, please use it.

Mynd44:
I am 12 years old

kaboninc:
Premium Times, Punch, ThisDay, Vanguard, Sun, and many others.

atlwireles:
Your last line is the summation of our reality. Not only the youths but Nigeria as a whole truly has a long way to go. The last couple of months have proven to me, why 419 is a very successful scam in Nigeria. I never knew Nigerians were this gullible. Imagine people building castles in the Sky with invisible billions of dollars.