$26billion: The Infallible Man - Politics

$26billion: The Infallible Man - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › $26billion: The Infallible Man (840 Views)

$26billion: The Infallible Man by Ebiezprada(op): 2:08pm On Oct 10, 2017

Let me start by saying that Alhaji Aliko Dangote's refinery which will have alongside it the largest petrochemical plant in West Africa when completed is worth about $12billion. That's a lot of investment from one man. It will directly improve Nigeria's economy in any angle we look at it from.
Allegations were made by Dr Ibe Kachikwu that about $26billion has been awarded in contracts illegally by the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation(NNPC). Nigeria as a country has never had a budget up to that amount in a year, yet such amount has been awarded in contracts within a year. Our President who also doubles as the Minister of Petroleum resources and his crony Mr Baru who is the GMD of NNPC are from regions that have not contributed as much as 10litres of oil to support the economy of Nigeria since oil is the main driver of Nigeria's economy.
If Nigeria was a saner society than it is today, positions related to petroleum resources, whether elected or appointed would be an exclusive right of the people of the Delta. But, the good people of the Delta hardly complain about all these. As a matter of fact, most people from the Niger Delta are interested in the relative peace of the region.
As at today, Dr Ibe Kachikwu is taking the fall and people are forgetting that it is a whooping $26billion we're talking about here. There are crude oil refineries in Rivers, Delta and Kaduna states which should take good care of the country's needs as a matter of fact, but today, we're still importing refined crude oil products. Maybe we should have given Alhaji Dangote that $26billion to build us two good refineries and perhaps keep the balance as an appreciation for his work. That amount is allocated to projects that the entire masses know nothing about? Where's the fairness and transparency in that?
The kind of followership that Buhari enjoys is cult-like, where he is seen as infallible. It is on record that he misappropriated $2.4billion sometime ago which is equivalent to about $1trillion of today. Again, another $500million was lost under him and all these monies are related to petroleum. So you see, the man is just obsessed with oil. Apart from the claim to fight corruption, diversification of the economy was another song on the mouth of the current FG's lips during the pre-election campaigns. And two years later, our President still maintains his lust after oil and that's why economy diversification seems impossible under the Buhari led Government.
Unlike his supporters see him, the man Buhari is not infallible. He is full of errors, division, hate, has many faults and in reality he is weak. No matter how good his cronies might want to make the picture of today's Nigeria look, that man isn't taking Nigeria anywhere good.

3 Likes

Re: $26billion: The Infallible Man by feelgoods: 2:33pm On Oct 10, 2017

Nigeria is finished. He is seeking for another 5.5 billion loan.

2 Likes

Re: $26billion: The Infallible Man by magoo10(m): 2:37pm On Oct 10, 2017

$26 is no small money,these criminals have finished Nigeria yet they are seeking $5.5billion .anti corruption crusader my foot

2 Likes

Re: $26billion: The Infallible Man by agbangam: 3:19pm On Oct 10, 2017

feelgoods:
Nigeria is finished. He is seeking for another 5.5 billion loan.

Nigeria can never be finished. $26B is not missing, u guys are just misquoting Kachukwu and I really do not know what you guys are gaining from such lies.
He only said dat he was not carried along wen d contracts were being given out. Nah wa o, u guys hate for PMB is becoming worrisome cos u pple are ready to go to any extent just to pull him down and funny enough it is Christian brethrens dat are peddling d lies. May God have mercy on us all.

2 Likes

Re: $26billion: The Infallible Man by 7lives: 4:21pm On Oct 10, 2017

agbangam:
Nigeria can never be finished. $26B is not missing, u guys are just misquoting Kachukwu and I really do not know what you guys are gaining from such lies.
He only said dat he was not carried along wen d contracts were being given out. Nah wa o, u guys hate for PMB is becoming worrisome cos u pple are ready to go to any extent just to pull him down and funny enough it is Christian brethrens dat are peddling d lies. May God have mercy on us all.

Guy the thing taya me o, I almost swallow their lies until I I came to Nairaland.
This Kachikwu Baru NOISE is being used to tarnish PMB'S image.
When they say $26 billion stolen, I was like again? now that the truth is now in the open, make Kachikwu tell us more about this missing $26 billions o.
I'm also waiting for channels TV review of this issue, as for Christians peddlin lies, no be today e don tey, go and watch Daddy freeze on Linda Ikeji interviews on you tube.

2 Likes

Re: $26billion: The Infallible Man by Willhill(m): 4:46pm On Oct 10, 2017

Despite all the recent developments, wat has presidency said about it...?
We are talking about a critical sector and the FGN has kept mute.
Its like a fight between Dr Kachikwu and Dr Baru...
We have a system were our leaders do what they like and the masses bear the brunt good or bad.
In the coming days the senate will approve the $5.5 million loan and they will start preparing for 2019.
If an opposition wins then the various crime investigation departments will start revealing how all these money were spent and when,but it will be too late because the culprits will only forfeit some and make do with the rest.
I have chosen to be more selfish and self-centered because there isn't much this country can do for me.

1 Like

Re: $26billion: The Infallible Man by Ebiezprada(op): 10:48am On Oct 11, 2017

feelgoods:
Nigeria is finished. He is seeking for another 5.5 billion loan.

Yet they claim to have recovered more than 3trillion Naira from TSA.

1 Like 1 Share

Re: $26billion: The Infallible Man by Ebiezprada(op): 10:52am On Oct 11, 2017

agbangam:
Nigeria can never be finished. $26B is not missing, u guys are just misquoting Kachukwu and I really do not know what you guys are gaining from such lies.
He only said dat he was not carried along wen d contracts were being given out. Nah wa o, u guys hate for PMB is becoming worrisome cos u pple are ready to go to any extent just to pull him down and funny enough it is Christian brethrens dat are peddling d lies. May God have mercy on us all.

So if the money was available why would Kachikwu complain? Aside not carrying Kachikwu along, didn't you read the part where it was said that the amount was awarded in contracts?

1 Like 1 Share

Re: $26billion: The Infallible Man by jpphilips(m): 6:27pm On Oct 28, 2017

Ebiezprada:
Let me start by saying that Alhaji Aliko Dangote's refinery which will have alongside it the largest petrochemical plant in West Africa when completed is worth about $12billion. That's a lot of investment from one man. It will directly improve Nigeria's economy in any angle we look at it from.
Allegations were made by Dr Ibe Kachikwu that about $26billion has been awarded in contracts illegally by the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation(NNPC). Nigeria as a country has never had a budget up to that amount in a year, yet such amount has been awarded in contracts within a year. Our President who also doubles as the Minister of Petroleum resources and his crony Mr Baru who is the GMD of NNPC are from regions that have not contributed as much as 10litres of oil to support the economy of Nigeria since oil is the main driver of Nigeria's economy.
If Nigeria was a saner society than it is today, positions related to petroleum resources, whether elected or appointed would be an exclusive right of the people of the Delta. But, the good people of the Delta hardly complain about all these. As a matter of fact, most people from the Niger Delta are interested in the relative peace of the region.
As at today, Dr Ibe Kachikwu is taking the fall and people are forgetting that it is a whooping $26billion we're talking about here. There are crude oil refineries in Rivers, Delta and Kaduna states which should take good care of the country's needs as a matter of fact, but today, we're still importing refined crude oil products. Maybe we should have given Alhaji Dangote that $26billion to build us two good refineries and perhaps keep the balance as an appreciation for his work. That amount is allocated to projects that the entire masses know nothing about? Where's the fairness and transparency in that?
The kind of followership that Buhari enjoys is cult-like, where he is seen as infallible. It is on record that he misappropriated $2.4billion sometime ago which is equivalent to about $1trillion of today. Again, another $500million was lost under him and all these monies are related to petroleum. So you see, the man is just obsessed with oil. Apart from the claim to fight corruption, diversification of the economy was another song on the mouth of the current FG's lips during the pre-election campaigns. And two years later, our President still maintains his lust after oil and that's why economy diversification seems impossible under the Buhari led Government.
Unlike his supporters see him, the man Buhari is not infallible. He is full of errors, division, hate, has many faults and in reality he is weak. No matter how good his cronies might want to make the picture of today's Nigeria look, that man isn't taking Nigeria anywhere good.

Thats because you do not understand that the contract are not procurement contracts but mostly guaranteed future investments.

1 Like

Re: $26billion: The Infallible Man by Ebiezprada(op): 2:52pm On Oct 30, 2017

jpphilips:
Thats because you do not understand that the contract are not procurement contracts but mostly guaranteed future investments.

You just do not understand yet that Nigeria is being scammed.

Re: $26billion: The Infallible Man by jpphilips(m): 2:56pm On Oct 30, 2017

Ebiezprada:
You just do not understand yet that Nigeria is being scammed.

At least I understand this one isn't of those.

2 Likes

Re: $26billion: The Infallible Man by Ebiezprada(op): 4:22pm On Oct 30, 2017

jpphilips:
At least I understand this one isn't of those.

You think it isn't one of those? If it's a guaranteed investment for the future, why wasn't anything about it brought to the knowledge of the masses before Ibe Kachikwu's letter?
We're talking about 26billion USD here man and that's Nigeria's money.

1 Reply

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