EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal - Politics (3)

EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal (26594 Views)

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Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by powerkey: 9:38am On May 26, 2018

hahahahaha

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Rilwayne001: 9:40am On May 26, 2018

Fuckyoumod:
Useless Government....

Nigeria is in grave Danger.

A new Tyrant is in town, why did he not go after them before now??

If you dare criticise this government, you become a suspect of one crime or the other.

What a mockery...

Are these crimes genuine or imaginary?

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Validated: 9:41am On May 26, 2018

."....Since Gov. Joshua Dariye joined APC his trial with EFCC stopped like a train with a knocked engine. Since Gov. Orji Uzor Kalu joined APC his trial with EFCC suddenly got a new break pad. Since Gov. Sullivan Chime of Enugu joined APC his trial with EFCC developed a cataract Since Gov. Isa Yuguda joined APC his trial with EFCC suddenly developed hearing problems. Since Senator Musiliu Obanikoro joined APC his trial with the EFCC suddenly developed malaria. And Buhari is Mr. Integrity? God will punish some people soon and send them to hell fire..." FFK

Above is enough to call Buhari's anti-corruption fight NEEDLESS & USELESS!

1 Like

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Kingdolo(m): 9:42am On May 26, 2018

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Abdul4trust1(m): 9:42am On May 26, 2018

Fuckyoumod:
Useless Government....

Nigeria is in grave Danger.

A new Tyrant is in town, why did he not go after them before now??

If you dare criticise this government, you become a suspect of one crime or the other.

What a mockery...

the Time Doesn't Matter. Should We Clap For Them For Looting Our Commonwealth? Question.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by jaxxy(m): 9:51am On May 26, 2018

maximunimpact:
Good move by EFCC, i bet this net will catch morethan Obasanjo, if they dig deeper Atiku might also be caught - that's killing two birds with one stone.

This will not stop nor negate the fact that obj is one if the most intelligent and profound presidents we have ever had. He was corrupt and so were others buhari inclusive. Probing past govts is good nt not without fixing the economy by taking responsibility for ur own faults.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by MONITZ: 9:52am On May 26, 2018

This is exactly the same thing Obj would have done if he was the president,so it's safe to say Buhari is learning fast ahead of the 2019 elections..

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by JOHNFBOSCO(m): 9:55am On May 26, 2018

maximunimpact:
Following representations made by some civil society groups, the Economic and Financial Crimes Commission (EFCC) has set machinery in motion to probe the controversy surrounding the $16 billion allegedly spent on power projects during the administration of former President Olusegun Obasanjo.

The anti-graft agency may invite two ex-ministers, former top officials of the defunct Power Holding Company of Nigeria (PHCN), present and past officials of the Niger Delta Power Holding Company and all the people recommended for investigation by a committee of the House of Representatives.

A team in EFCC was already collating facts and figures at press time yesterday.

But a top source, who spoke in confidence, said the move was not targeted at ex-President Obasanjo.

According to findings by our correspondent, the EFCC might conduct a forensic and comprehensive investigation into the alleged $16 billion power projects.

The scope of the investigation includes the total cost of the projects, how much was withdrawn from the Excess Crude Account (ECA), the total number of contracts awarded, the extent of compliance with due process and the status of the execution of all the projects.

A top source, who spoke in confidence yesterday, said: “We are looking into all the allegations and issues surrounding the power projects.

“We will conduct a comprehensive and forensic probe to ascertain the true status of all the projects.

“This investigation will actually ascertain how much has been spent so far.

“We have many figures being bandied about as follows: $16 billion, $13.278 billion, $10.3 billion, $8.4 billion and $8.55 billion.

“This is not an investigation aimed at ex-President Olusegun Obasanjo or anybody. We have to step in to set the records straight.

“Already, a team is collating facts and figures on these projects as part of the preliminary level/ bend of the investigation.”

Responding to a question, the source added: “We will retrieve the report of the House of Representatives Committee which investigated the power projects.

“The House actually recommended 18 top former public officers, including two ex-ministers, for investigation by anti-graft agencies, especially EFCC and ICPC.

“Many salient issues were raised for investigation by the House

Committee, which was headed by Hon. Ndudi Elumelu.”

The issues raised by the Elumelu Committee were as follows:

All NIPP payments were made without following due process

No meaningful progress was made in the execution of power contracts

Officials rushed to pay contractors in full even before engineering design for the projects have been completed and approved

NIPP contracts were not only overpriced in comparison with PHCN contracts, they were also wide off the mark

Widespread evidence of systematic over-scoping of projects in order to inflate costs both in PHCN and NIPP

NIPP Distribution EPC contracts were awarded at costs averaging about 10 times the norm when compared to PHCN contracts.

The Ndudi Elumelu Committee was put in place by the House on January 31, 2008 to look into how much was spent on power projects.

In its report, the committee said that about $13.278 billion was spent on power projects between 1999 and 2007.

The committee recommended termination of 13 contracts and review of 10 projects.

About 15 contracting and consulting companies were asked to be investigated by the appropriate agencies.

https://www.financialwatchngr.com/2018/05/26/efcc-begins-probe-of-suspects-in-obasanjos-16bn-electricity-deal/

Lol he is tryna do this to scare of OBJ, always finding fault every where to justify his laziness and stupidity

1 Like 1 Share

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Demicritus: 9:58am On May 26, 2018

Simply a last minute move to convince the populace for 2019.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Nobody: 10:03am On May 26, 2018

Fuckyoumod:
Useless Government....

Nigeria is in grave Danger.

A new Tyrant is in town, why did he not go after them before now??

If you dare criticise this government, you become a suspect of one crime or the other.

What a mockery...

Shut ùp
Obasanjo is a thief and needs to be probed

2 Likes

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by valentineuwakwe(m): 10:04am On May 26, 2018

what about the probe of the oil windfall during babangida era? what about the millions of dollars missing under the ministry of petroleum when buhari was the minister as well as PTF. .abeg....nothing will happen. ,just another ploy for distraction

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Nobody: 10:06am On May 26, 2018

tobillionaire:
*“This is not an investigation aimed at ex-President Olusegun Obasanjo or anybody. We have to step in to set the records straight.*

simply put 'we are scared of OBJ, so he's exempted'

no one dares threaten baba

Keep fooling yourself.
No one is afraid of that senile old fool thief... It's just a strategy, the same type they've been using for JONADÁFT. In the end, both of them will still be called.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by deebrownneymar: 10:08am On May 26, 2018

This probe is well received and welcomed. It's long overdue.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by eph12(m): 10:13am On May 26, 2018

Baawaa:
Buhari the people's General,if you can jail this man called OBJ you have won war against corruption because Obasanjo is father of all polical thieves in Nigeria of today.

So it took OBJ standing against Buhari before Buhari can think of going after OBJ? says a lot about this corruption war.

I'm not saying I'm against this but why is this government trying to hard to give credence to those that say they only go after those not in their camp?

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Awaja(m): 10:20am On May 26, 2018

OBJ should help fast track this mans impeachment ASAP ,else ,his oloyeship is threatened heavily.

1 Like

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by johnnyvid(m): 10:22am On May 26, 2018

ANIOMADEI2018:
LOOOK AT OBJ

SOLD ALMOST ALL OUR COMMONWEALTH......nepa, refineries,nitel etc

FOUGHT OVER LOOTED FUND WITH HIS VICE....ptdf and fasawe saga

INCREASED FUEL PRICE AND SOLD ALL OUR REFINERIES ON THE EVE OF HIS LEAVING OFFICE.....to dangote, otedola etc

HIS SUCCESSOR (YARADUA) INHERITED CRISIS AND STRIKE FROM 1ST DAY IN OFFICE..........due to bad governance and his wickedness against all Nigerians

FOUGHT HIS SON GBENGA AND SLEPT WITH HIS SON'S WIFE IN LIEU OF OIL CONTRACT.....destroyed Gbenga's marital home...abomination

LURED EL-RUFAI INTO DESTROYING PEOPLE'S PROPERTY IN ABUJA WITHOUT COMPENSATION.....heartless

COMMITTED GENOCIDE IN ODI, ZAKIBIAM ETC.......genocide

MONOPOLIZED MANY BIZ AND CEMENT BIZ WITH DANGOTE...his money launderer

MONETIZED NATIONAL ASSEMBLY.......with "ghana must go bags"

FORCED ATIKU OUT OF HIS OFFICIAL VP LODGE.................cos of his 3rd term agenda

FORCED AUDU OGBE OUT OF PDP OFFICE WITH GUN...............babaric

KIDNAPPED A SITTING GOVERNOR IN ANAMBRA, NGIGE................andy and chris uba, the godfathers era

WHAT HAPPENED TO HIS BROTHER BOLA IGE, HARRY MARSHAL ETC...........no report yet

WHO KILLED SENATOR CHUBA OKADIGBO (OYI OF OYI)...........Buhari's running mate in 2003 election

DIVIDED AND HUMILIATED ALL IGBO SENATORS.............with guns and money

INTIMIDATED ALL HIS OPPONENTS WITH EFCC AND ASSASINATION.....dont forget regular plane crashes

INCACERATED UWAZURIKE FOR BIAFRA AGITATION...................

KILLED OVER 2483 INDEGENES OF ODI IN BAYELSA STATE.....

WANTED TO CHANGE NIGERIA CONSTITUTION BECAUSE OF 3RD TERM AGENDER.....almost Killed Sen. Ken Nnamni & Hon. Aminu Masari

TWARTED THE ZONING ARRANGEMENT OF HIS PARTY PDP........this led to crisis in PDP and eventually lost power to APC.

OBJ IS A KNOW CORRUPT LEADER

HOW CAN THIS KIND OF MAN BRING PEACE AND PROGRESS IN NIGERIA?.....Impossible

DECEIVED NIGERIANS AGAINST GEJ. HE TOLD US THAT JONATHAN WAS TRAINING SNIPERS TO KILL PROMINENT NIGERIANS IN 2015 ELECTION. TODAY HE HAS GONE BACK TO JONATHAN AFTER ALL THE LIES AGAINST GEJ. PLEASE GEJ AND MAMA PEACE WATCH YOUR BACK, ALIGN WITH SINCERE NIGERIANS. MY BEST ADVISE IS THAT YOU WORK WITH THE PRESENT ADMINISTRATION TO MOVE NIGERIA FORWARD. LET OBJ NOT USE YOU FOR POLITICAL GAINS. HE IS AN EVIL MAN. ONLY A FOOL CAN BELIEVE OBJ.

IBB BROUGHT HIM OUT FROM PRISON, MADE HIM PRESIDENT BUT HE STILL BETRAYED HIM.

AFTER BEGGING ATIKU TO SUPPORT HIS 2ND TERM, HE EVEN TOOK AN OATH WITH HOLY BIBLE. BUT HE STILL BETRAYED ATIKU.

HE BETRAYED YARADUA

HE BETRAYED JONATHAN

HE WANTS TO BETRAY BUHARI NOW

NIGERIANS BE WISE......WITH OBJ NIGERIA CANNOT MOVE FORWARD.

OBJ IS THE EVIL IN NIGERIA.......UNTIL WE REJECT AND IGNORE HIM, NIGERIA CANNOT KNOW PEACE

And buhari with his bad body odour of corruption will be voted out of power in next year presidential election. enough of dictatorship in government.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Saintp(m): 10:25am On May 26, 2018

2015- OBJ and Buhari friends
2016- OBJ and Buhari friends
2017- OBJ and Buhari friends.

In these 3 years buhari and EFCC did not remember he wasted $16b

2018-OBJ withdraws support for buhari
All of a sudden, $16b is now an issue and EFCC has remembered OBJ should be probed.

Anyway, you guys should keep deceiving yourself . Buhari is fighting corruption indeed.

2 Likes

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by abogjohn(m): 10:38am On May 26, 2018

gidson12:
Really, so no one should speak against the president for fear of not investigated by the EFCC

Bro you are educated naa.. Can EFCC come to you house and carry you if you are not corrupt huh

. Why them no go carry or probe Okonjo Iweala since huh

?. We youths can't continue to reason like this..

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Nodogragra4me(m): 10:41am On May 26, 2018

OBJ thought Jonathan would be in prison,by now. However, unless Buhari doesn't get a second term, Obj may be the first president in Nigeria to be incarcerated for financial crimes.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by akpunda86: 10:51am On May 26, 2018

TO BE SINCERE NIPP WAS A FRAUD.I WAS A PROJECT MGR FOR EIGHT YEARS.INFACT COST OF EACH MATERIAL IS 500% OF ACTUAL COST.IN SOME CASES 1000%.BUT ITS TOO LATE PMB.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by BabaRamota1980: 10:52am On May 26, 2018

maximunimpact:
Following representations made by some civil society groups, the Economic and Financial Crimes Commission (EFCC) has set machinery in motion to probe the controversy surrounding the $16 billion allegedly spent on power projects during the administration of former President Olusegun Obasanjo.

The anti-graft agency may invite two ex-ministers, former top officials of the defunct Power Holding Company of Nigeria (PHCN), present and past officials of the Niger Delta Power Holding Company and all the people recommended for investigation by a committee of the House of Representatives.

A team in EFCC was already collating facts and figures at press time yesterday.

But a top source, who spoke in confidence, said the move was not targeted at ex-President Obasanjo.

According to findings by our correspondent, the EFCC might conduct a forensic and comprehensive investigation into the alleged $16 billion power projects.

The scope of the investigation includes the total cost of the projects, how much was withdrawn from the Excess Crude Account (ECA), the total number of contracts awarded, the extent of compliance with due process and the status of the execution of all the projects.

A top source, who spoke in confidence yesterday, said: “We are looking into all the allegations and issues surrounding the power projects.

“We will conduct a comprehensive and forensic probe to ascertain the true status of all the projects.

“This investigation will actually ascertain how much has been spent so far.

“We have many figures being bandied about as follows: $16 billion, $13.278 billion, $10.3 billion, $8.4 billion and $8.55 billion.

“This is not an investigation aimed at ex-President Olusegun Obasanjo or anybody. We have to step in to set the records straight.

“Already, a team is collating facts and figures on these projects as part of the preliminary level/ bend of the investigation.”

Responding to a question, the source added: “We will retrieve the report of the House of Representatives Committee which investigated the power projects.

“The House actually recommended 18 top former public officers, including two ex-ministers, for investigation by anti-graft agencies, especially EFCC and ICPC.

“Many salient issues were raised for investigation by the House

Committee, which was headed by Hon. Ndudi Elumelu.”

The issues raised by the Elumelu Committee were as follows:

All NIPP payments were made without following due process

No meaningful progress was made in the execution of power contracts

Officials rushed to pay contractors in full even before engineering design for the projects have been completed and approved

NIPP contracts were not only overpriced in comparison with PHCN contracts, they were also wide off the mark

Widespread evidence of systematic over-scoping of projects in order to inflate costs both in PHCN and NIPP

NIPP Distribution EPC contracts were awarded at costs averaging about 10 times the norm when compared to PHCN contracts.

The Ndudi Elumelu Committee was put in place by the House on January 31, 2008 to look into how much was spent on power projects.

In its report, the committee said that about $13.278 billion was spent on power projects between 1999 and 2007.

The committee recommended termination of 13 contracts and review of 10 projects.

About 15 contracting and consulting companies were asked to be investigated by the appropriate agencies.

https://www.financialwatchngr.com/2018/05/26/efcc-begins-probe-of-suspects-in-obasanjos-16bn-electricity-deal/

EFCC itself needs to be asked why it never acted, if the HOR submitted a report and recommended action against corruption. EFCC is also culpable in promoting corruption.

1 Like

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Nodogragra4me(m): 10:54am On May 26, 2018

maximunimpact:
Good move by EFCC, i bet this net will catch morethan Obasanjo, if they dig deeper Atiku might also be caught - that's killing two birds with one stone.

Atiku has already been proved by OBJ during their tenure. Nothing came out of it. As a matter of fact, PTDF probe by OBJ ended up nailing OBJ instead of Atiku that headed the fund. There was also CHOGM hosted by Nigeria, the probe indicted late Stella and report further pursuit of any prove of Atiku was abandoned instead name-calling became the order of the day.

Atiku is the most probed government official aside Jonathan in the history of Nigeria

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by BabaRamota1980: 10:56am On May 26, 2018

Nodogragra4me:
OBJ thought Jonathan would be in prison,by now. However, unless Buhari doesn't get a second term, Obj may be the first president in Nigeria to be incarcerated for financial crimes.

Here we go....the "Jonathan messianic" campers.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Topshow2010(m): 11:04am On May 26, 2018

Baawaa:
Buhari the people's General,if you can jail this man called OBJ you have won war against corruption because Obasanjo is father of all polical thieves in Nigeria of today.

Haba why dignified dt evil Obj with dt appellation; Maradonic despot(IBB) remains d undisputed father of corruption in Nigeria. undecided

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by Freeman59: 11:07am On May 26, 2018

haryorbarmie83:
Jail them all PMB, they loot all our commonwealth finish. Awon ole.

Bro in all these probings of the last three years which politician has been sentenced? Not even one person. This is just a wild goose chase bro.

Buhari is just angry because obj pointed fingers at him. He just wants to retaliate. Obj, Buhari, etc they're all the same

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by BabaRamota1980: 11:09am On May 26, 2018

Validated:
."....Since Gov. Joshua Dariye joined APC his trial with EFCC stopped like a train with a knocked engine. Since Gov. Orji Uzor Kalu joined APC his trial with EFCC suddenly got a new break pad. Since Gov. Sullivan Chime of Enugu joined APC his trial with EFCC developed a cataract Since Gov. Isa Yuguda joined APC his trial with EFCC suddenly developed hearing problems. Since Senator Musiliu Obanikoro joined APC his trial with the EFCC suddenly developed malaria. And Buhari is Mr. Integrity? God will punish some people soon and send them to hell fire..." FFK

Above is enough to call Buhari's anti-corruption fight NEEDLESS & USELESS!

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by fm7070: 11:25am On May 26, 2018

why is this coming up at this time? He should have probed OBJ long before now.
This shows that the anti-corruption fight is selective and against anyone who has a contrary opinion
That is wrong and bad. Anyway, OBJ is not someone to mess with.
Someone should tell Buhari to check history. Buhari will be disgraced like poo with this journey of no return he is embarking upon

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by seunjungle1(m): 11:28am On May 26, 2018

Thank God OBJ is not a politician that can surrender...continue fighting. May God let the fight continue so that we can have a clear chance to elect our own youth President.
You better go get your PVC and vote them out before they settle their differences.

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by lookingfly: 11:28am On May 26, 2018

How do I get out of this country.... That's my only problem.

1 Like

Re: EFCC Begins Probe Of Suspects In Obasanjo’s $16bn Electricity Deal by rejoice4eva(m): 11:35am On May 26, 2018

haryorbarmie83:
Jail them all PMB, they loot all our commonwealth finish. Awon ole.

I think we should start from PTF.

1 Like

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