₦airaland Forum

Mr Buhari should face your job ...any lost money will never come back....before they left the position they are ready for any question with good documentation ...don't take them like fools and every Nigerian apart from Northerners is very smart . especially in abroad.

ILIDEFI:
Hahahahaha. Some people read but do not understand. If you add up those figures will it give you $1.005bn? My calculator gave me $2.084bn. Isn't it clear to you that there was never a loan of $1.005bn from China Exim Bank for Lagos-Kano rail?
She only listed the loans that were approved and released by China.

Take a look at this link and understand the woman's claims
http://english.eximbank.gov.cn/tm/en-TCN/index_640.html

What Nigeria borrowed from china was 3 billion dollars for different infrastructural development..
http://m.voanews.com/a/1694725.html

luvinhubby:
The more reason why Abdusalami's peace committee advice to Buhari is very appropriate, the veracity of such allegations needs to be investigated, parties involved questioned before any public statements on such matters.
I hope APC leaders like Oshiomhole is not pushing Buhari too hard to force him playing to the gallery.

See fool.
Project meant for rail were used for airport upgrade. See ur life.
Almost 1B dollars for upgrade. Wowowo.

ProfEinstein:
How come we are not feeling the impact of the money u claim was well utilized? You r a bloody thief and liar and u must be jailed for looting this country backwards

TRY GET SMALL SENSE NAA ABEG

Biosahal:
See fool.
Project meant for rail were used for airport upgrade. See ur life.
Almost 1B dollars for upgrade. Wowowo.

Obviously you are a saw-dust filled brain moro.n not to know the difference between investigation & allegations.

ademusiwa3:
[size=38pt]

$600m Chinese Rail Loan was Diverted by Goodluck Jonathan. [/size]

Makes a good slogan on the papers and in beer parlors!
Unfortunately, it's supposed to be coming from a serious minded and corruption fighting Buhari.
Why is he making a joke and a fool of himself

Which sane country in africa will obtain a loan of that mangitude to build airports. What impact does expansion of airports have on the common man? Ethiopia, congo took similar loand and they all embarked on rail project expansion in order to revive and improve their transport sector. Even with so much money allocated, many of the airport projects accross the country are nothing but fallow projects. NOI, in her statements only said the money was not marked for rail projects but for projects that are not of direct economice impact. Now we know this woman never meant well for the common man in the street. This project has been long over due according to economic experts. The lagos-kano rail project would have been a game changer for our economy but this controversial woman chose otherwise. God will surely repay this woman in her own coin.

Biosahal:
See fool.
Project meant for rail were used for airport upgrade. See ur life.
Almost 1B dollars for upgrade. Wowowo.

Did you follow the thread at all?

Various projects were tabled to China Exim Bank for consideration. Lagos-Ibadan though presented was not approved for funding. And no money from Exim Bank allocated for other projects was used to do it.

Obviously it's credible to present many different projects together or seperately for funding. Nowhere is it proven that airports upgrade project wasn't tabled to the Chinese. The Chinese are meticulous and would not just release monies if unhappy with milestones previously agreed to trigger the next phase of funds release.

Now, were the projects not done by the Chinese themselves inflated? Hmmmm...........there will would have a better chance of catching some people.

I hope these noisemakers know that the Chinese , meaning Chinese contractors are the ones building the several international airport terminals across the country.
To say airports where not in the initial loan proposal is simply being stupid

handie:
Wait! The loan is meant for rail projects ba? In a situation where loans meant for the rail sector is being used for expansion of airport terminals, hydro electric power projects and a galaxy backbone project, is that not diversion? How does expansion of airport terminal affect development of the rail sector? Buhari said and I quote: [b] President Muhammed Buhari Monday in Abuja
called for an explanation from the Ministry of
Finance on the foreign loans obtained for rail
projects but diverted to other purposes.
Speaking at the end of a presentation on the
Ministry of Transport by the Permanent
Secretary, Mohammed Bashar at the
Presidential Villa, President Buhari said that it
was disappointing to find that foreign loans
obtained in line with signed agreements were
moved from one project to another.
“I hope that due process was followed before
such diversions were carried out. Taking money
from one project to another has to be done
properly,” Garba Shehu, his senior special
assistant on media and publicity, quoted the
President as saying.
Mr. Buhari was reacting to the specific instance
of the diversion of a substantial part of the loan
of USD1.005 billion from the Chinese Exim
Bank, obtained for the construction of a
standard gauge rail line linking Lagos to Kano
but which was moved elsewhere. [/b]. Source:www.premiumtimesng.com/news/188134-buhari-launches-probe-into-alleged-diversion-of-1billion-loan-for-rail-projects.html Now, how is this NOI statement different from Buhari's statement? Was the loan meant for airport terminal expansion?

Thank you jare. Majority of pple on dis platform supporting ngozi dont think b4 commenting. Comprehension is their problem.

GerogeI:
I hope these noisemakers know that the Chinese , meaning Chinese contractors are the ones building the several international airport terminals across the country.
To say airports where not in the initial loan proposal is simply being stupid

Go check d terminal man, jonathan's govt is a big fraud.

Ypou obviously didnt finish reading cos of your laziness.She stated ,that the rail projet was the reason why the loan was proposed,but in the end no fund was given by the bank for such.

handie:
Wait! The loan is meant for rail projects ba? In a situation where loans meant for the rail sector is being used for expansion of airport terminals, hydro electric power projects and a galaxy backbone project, is that not diversion? How does expansion of airport terminal affect development of the rail sector? Buhari said and I quote: [b] President Muhammed Buhari Monday in Abuja
called for an explanation from the Ministry of
Finance on the foreign loans obtained for rail
projects but diverted to other purposes.
Speaking at the end of a presentation on the
Ministry of Transport by the Permanent
Secretary, Mohammed Bashar at the
Presidential Villa, President Buhari said that it
was disappointing to find that foreign loans
obtained in line with signed agreements were
moved from one project to another.
“I hope that due process was followed before
such diversions were carried out. Taking money
from one project to another has to be done
properly,” Garba Shehu, his senior special
assistant on media and publicity, quoted the
President as saying.
Mr. Buhari was reacting to the specific instance
of the diversion of a substantial part of the loan
of USD1.005 billion from the Chinese Exim
Bank, obtained for the construction of a
standard gauge rail line linking Lagos to Kano
but which was moved elsewhere. [/b]. Source:www.premiumtimesng.com/news/188134-buhari-launches-probe-into-alleged-diversion-of-1billion-loan-for-rail-projects.html Now, how is this NOI statement different from Buhari's statement? Was the loan meant for airport terminal expansion?

Olufemiolaolu:
Go check d terminal man, jonathan's govt is a big fraud.

I use the local terminal in Enugu, and Lagos, the International Terminal in not yet finished, so what's your point?

This is what you get when you present a president with NEPA BILL as certificate.



#DauraDullard

adoinem:
[color=#000099]
Are we to accept her version that the permanent Secretary didn't know what he was talking about in his own ministry?
Okonjo's service to Nigeria under GEJ should be part of the probe of his government.

So sad that when this woman takes us on her brand of gymnastics, she safely assumes we are all fools. To think that she is inferring that the Permanent Secretary doesn't know what he was saying may mean that they have 2 separate agreements with the chinese govt: the one with NOI/Jonathan and the dummy that was sold to the ministry and the public. On an aside, does it mean that the most of the credits to the past administration were executed with loans after earning the highest revenue in history? The more reason we need a lot of probes to ascertain if these have not been drawn as 'Capital Projects' on the budget at some point.

Splashme:
Buhari see your life?
Shame on you.
Intellectually, you are nothing near Ngozi's class.


Between you and Oshiomole, can't say whose mouth is leaking more

i can see how intelligent ur madam economy is. Under what name was the loan taken?? Is it not RAIL but later according to her used for various airport in the country. Tell me, is that one diversion or not Again check d dictionary meaning of diversion

anwo247:
This is what you get when you present a president with NEPA BILL as certificate.



#DauraDullard

can u see urself?? Money meant for RAIL taken for Airport repair, is it diversion or not??

ILIDEFI:
Hahahahaha. Some people read but do not understand. If you add up those figures will it give you $1.005bn? My calculator gave me $2.084bn. Isn't it clear to you that there was never a loan of $1.005bn from China Exim Bank for Lagos-Kano rail?
She only listed the loans that were approved and released by China.

I kniw d issue is d Kano-Lagos line. But it is quite worrisome we borrowed billions in a time of boom and we still did not grow our foreign reserve. in fact we shrunk it. somewhere along the line, we even spent $500m on some phony street cameras. yes, we should not digress from the issue. But it seems to raise more questions than answers. were Nigerians aware we were borrowing to fix the airport and co. From China sef? their products are unbelievably substandrd. who has been to the NCC building? they have replaced to elevators with European brandd and the building did not even come with central cooling. na so so wall dem dey break. $2b is not toy the way we just dey talk. probably will pay bacl as much as $4b. so what was Okonjo's achievement really?

It's so unfortunate that your parent spent huge amount of money to send you to school, yet you can't read and comprehend. Pls go back to that post and read with an open mind.

handie:
Wait! The loan is meant for rail projects ba? In a situation where loans meant for the rail sector is being used for expansion of airport terminals, hydro electric power projects and a galaxy backbone project, is that not diversion? How does expansion of airport terminal affect development of the rail sector? Buhari said and I quote: [b] President Muhammed Buhari Monday in Abuja
called for an explanation from the Ministry of
Finance on the foreign loans obtained for rail
projects but diverted to other purposes.
Speaking at the end of a presentation on the
Ministry of Transport by the Permanent
Secretary, Mohammed Bashar at the
Presidential Villa, President Buhari said that it
was disappointing to find that foreign loans
obtained in line with signed agreements were
moved from one project to another.
“I hope that due process was followed before
such diversions were carried out. Taking money
from one project to another has to be done
properly,” Garba Shehu, his senior special
assistant on media and publicity, quoted the
President as saying.
Mr. Buhari was reacting to the specific instance
of the diversion of a substantial part of the loan
of USD1.005 billion from the Chinese Exim
Bank, obtained for the construction of a
standard gauge rail line linking Lagos to Kano
but which was moved elsewhere. [/b]. Source:www.premiumtimesng.com/news/188134-buhari-launches-probe-into-alleged-diversion-of-1billion-loan-for-rail-projects.html Now, how is this NOI statement different from Buhari's statement? Was the loan meant for airport terminal expansion?

coldFLARES1:
So sad that when this woman takes us on her brand of gymnastics, she safely assumes we are all fools. To think that she is inferring that the Permanent Secretary doesn't know what he was saying may mean that they have 2 separate agreements with the chinese govt: the one with NOI/Jonathan and the dummy that was sold to the ministry and the public. On an aside, does it mean that the most of the credits to the past administration were executed with loans after earning the highest revenue in history? The more reason we need a lot of probes to ascertain if these have not been drawn as 'Capital Projects' on the budget at some point.

hw much does the recurrent expenditure gulp in our budget,what about capital.

It's only imperative for the govt to source for loans to carryout a wide array of strategic projects and pay in a manner that will not hurt the recurrent expenditure ,if not Nigerians like u would be busy crying that the govt has layed off workers cos they were trying to reduce recurrent expenditure.

Recurrent 80percent

Capital 20 percent.

Probe probe,

Tinubu should be probed abi?

Dull head.

“The alleged diversion has no substance for the simple reason that the Kano-Lagos project was not even among the projects presented for funding by the China EximBank for several strategic infrastructural projects across the country.

“In fact, it was the Lagos–Ibadan rail project, not Lagos-Kano rail project that was proposed in the original application to the China-EximBank. But in the end, no funds were assigned for the Lagos-Ibadan rail project by the China-EximBank.”

Olufemiolaolu:
Thank you jare. Majority of pple on dis platform supporting ngozi dont think b4 commenting. Comprehension is their problem.

Fourwinds:
can u see urself?? Money meant for RAIL taken for Airport repair, is it diversion or not??

“The alleged diversion has no substance for the simple reason that the Kano-Lagos project was not even among the projects presented for funding by the China EximBank for several strategic infrastructural projects across the country.

“In fact, it was the Lagos–Ibadan rail project, not Lagos-Kano rail project that was proposed in the original application to the China-EximBank. But in the end, no funds were assigned for the Lagos-Ibadan rail project by the China-EximBank.”

And see who is talking.From your bigoted and heavily amateurish comment we already know the kind of person u are.The problem,we have in nigeria

ibedun:
This BARE FACED Alaba finance minister, this is Nigeria not Biafra. This woman believes stealing is not corruption. If she wants to answer allegation then answer fully not half truth designed to confused and distort the truth. This thief should publish the schedule or inventory of projects funded by the loan plus a break down of the projects loan allocation and priorities.

NOI, madam thief you are not talking to your besotted waivers who hail from your corner of Nigeria. THIEF!!! OLE!!!!!! Criminal!!!!

Trailblazer1:
Ngozi okonjo Iweala doesn't even have time for all this baseless trash allegations

She is not in the same intellectual hemisphere with the ignorant Oshiomhole and other haters, reason she has delegated the job to her spokes person to engage whoever is jobless

i respect her intellects, i really do....bt goin by d past 6 years, whr 90% of Nigerians culdnt testify to benefiting from policies she raised or supported...Wats d use of her intellect if even wen she is serving her country, it is enslaving dem....I expected far beta from her

chigo93:
hw much does the recurrent expenditure gulp in our budget,what about capital.

It's only imperative for the govt to source for loans to carryout a wide array of strategic projects and pay in a manner that will not hurt the recurrent expenditure ,if not Nigerians like u would be busy crying that the govt has layed off workers cos they were trying to reduce recurrent expenditure.

Recurrent 80percent

Capital 20 percent.

Probe probe,

Tinubu should be probed abi?

Dull head.

I am not sure you are more intelligent than I am sir, even if yours may have enboldened you to want to insult me. Nonetheless, be assured I know what I typed.

ibedun:
I am sick and tired of addressing common thieves and liars such as NOI with any kind of civility. Let's call a spade one, these people are rogues and they don't mean well for the ordinary people of this country. I have passed through MMA and Lagos airport more than 15 times in the last 2 years and I have not seen a Chinese contractor on site. I have seen some shoddy work which has no correlation whatsoever to the kind of money mentioned here. These thieves go out and obtain what looks like a structured sovereign loan which is immediately undermined by applying same to general pool of non specific discretionary projects. THIEF is NOI!!!!

Then you must be blind,the new MMA terminal is almost at the completion stage.check again...I will be at the airport around 12noon,posting pictures soon.

osakajapan:
Mr Buhari should face your job ...any lost money will never come back....before they left the position they are ready for any question with good documentation ...don't take them like fools and every Nigerian apart from Northerners is very smart . especially in abroad.

am not sure you are smarter than any northerner, this kind of unguarded show of unfounded arrogance of some so called southerners is our bane.

GerogeI:
I use the local terminal in Enugu, and Lagos, the International Terminal in not yet finished, so what's your point?

Port Harcourt terminal is a mockery of an upgraded terminal, the arrival terminal not existing and no work is going on it, the "finished" departure terminal has no toilet after security so people have to pass thru security several times before boarding to ease themselves, air conditioning not working and already falling apart in less that 3 years.

natas22:
When are they starting the probing of this woman she is long over due

When $1 = #1. Satisfied?

Bevista:
By the ex minister's own account, the past government had received and disbursed over $2.08b for the aforementioned projects. I am not exactly aware of the status of all the projects mentioned. However, judging by the status of work on the Abuja Light Rail project so far, I can say that most of the funds had been diverted to private pockets.

lies. which part of abuja are you living. mpape? dont comment with little information get facts right.