Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,761 members, 7,813,523 topics. Date: Tuesday, 30 April 2024 at 01:25 PM

Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi (9155 Views)

Tinubu Govt MUST Investigate ATIKU'S Source Of Wealth / Mohammed Fawehinmi: Buhari Condoles With Late Activist’s Family / Mohammed Fawehinmi Is Dead (2) (3) (4)

(1) (2) (Reply) (Go Down)

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Stalwert: 5:37pm On Nov 13, 2018
jpphilips:


Intelligence wasn't shared equally so i understand your challenge, have you ever thought about life under Atiku based on his antecedents? do you think all Nigerians were toddlers like you between 1999 to 2007? you think they will want to replace Buhari with Atiku? I respect your opinion based on factors you have no control over but try as much as possible not to rub off your mental inefficiencies on others.

grin grin grin shocked shocked see finishing

1 Like

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by tinsel: 5:41pm On Nov 13, 2018
Nnemuka:
Yawns
Obasanjo came from prison with no Kobo, became president and now owns the largest poultry farm in Nigeria

Tinubu was indicted in the US for being a drug baron, he abandoned all he has and came back to become governor of Lagos state. Today he boasts of being richer than Osun State and owns private jets... How did he become so rich overnight?

Buhari claimed he has no money for election form but his wife accused her Aide of stealing over 2.5billion naira gifted to her. Just 3 years in office and she can boast of billions.

We can go on and on about politicians who became rich overnight. Politics and politicians all make money like Gandollars and what everyone is praying for is to take some share in the national cake.

Least I forget Atiku employs over a hundred thousand people and pays them salary at minimum wage. What has others been able to do with their loot? Eg Mr integrity
Do more than this. Tinubu is not contesting to rule Nigeria.
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by tinsel: 5:43pm On Nov 13, 2018
Pdp made a mistake in Atiku. During campaign his botttom will be opened in a such a way that nothing is left.
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Nobody: 6:38pm On Nov 13, 2018
Nnemuka:
Yawns
Obasanjo came from prison with no Kobo, became president and now owns the largest poultry farm in Nigeria

Tinubu was indicted in the US for being a drug baron, he abandoned all he has and came back to become governor of Lagos state. Today he boasts of being richer than Osun State and owns private jets... How did he become so rich overnight?

Buhari claimed he has no money for election form but his wife accused her Aide of stealing over 2.5billion naira gifted to her. Just 3 years in office and she can boast of billions.

We can go on and on about politicians who became rich overnight. Politics and politicians all make money like Gandollars and what everyone is praying for is to take some share in the national cake.

Least I forget Atiku employs over a hundred thousand people and pays them salary at minimum wage. What has others been able to do with their loot? Eg Mr integrity

The 100k employee thingy is a discredited lie and the perfect indicator Atiku is nothing but a scammer who will be picked apart clinically when campaign begins. I always insist, because they are more intelligent, Buhari supporters wull dismantle Akiku supporters coldly and with facts anytime, anyday. Check your fact buddy or you will always risk looking foolish vouching for the lies of Atiku.

https://www.nairaland.com/4799250/50000-jobs-atiku
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by TheGoodJoe(m): 8:53pm On Nov 13, 2018
Lalasticlala, see me see something. shocked

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by AZeD1(m): 9:08pm On Nov 13, 2018
jpphilips:
Fellow Nigerians,


Atiku should tell us who bought what and what was left for the country when he left power.

Nafcon
Eleme Petrochemical: Functioning very well, employing Nigerians and paying taxes to the government. Owned by Indorama
Daily Times: Sold to Folio Communications.
Ughelli Power: Currently owned by Transcorp. Was sold during GEJ's government so how does this concern Atiku?
Egbin Power: Currently owned by Sahara Energy. Tonye Cole(APC governorship candidate for Rivers is the co founder of Sahara). Also sold during GEJ's government so how does this concern Atiku?
NICON Insurance: Sold to Jimoh Ibrahim
ALSCON
Transcorp Hilton Hotel: Currently owned by Transcorp
NICON Luxury Hotel
Sunti Sugar Ltd: Suntek was the preffered bidder but its currently owned by Floor Mills. Buhari was there this year for commissioning.
NetCom House
Bacita Sugar Ltd: Sold to Josepdam group and was later taken over by Amcon 10 years later
MM2: Not sure why this is here because MMA2 was built with private funds by Wale Babalakin.

In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7Bn Anyone knows what's wrong with the deal?

To those selling Atiku, let me remind you of @NGRSenate public hearing of August, 2011 which succinctly captures how @atiku through retinue of cohorts, fronts, shell companies, ring fenced over 70% of FG's assets through a brazen daylight robbery privatization that he supervised.

This is nothing sensational. Its real life facts and all the Senators are alive today.

The 2011 privatization Senate committee was made up of Senator Ahmed Lawan – Chairman, Senators Babafemi Ojudu, Philip Aduda, Mohammed Ndume, Ifeanyi Okowa, Hope Uzodinma and Mohammadu Magoro.

Lets look at Aluminium Smelting Company, ALSCON, that Atiku privatized.

ALSCON which Nigeria built with $3.2 billion, was sold to a Russian firm, Russal, for $130million. As of the time of sale, ALSCON had received $120million for the dredging of Imo River, but was never done.

When the Senate Seating of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company's Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment." EIA kill you there.

FG's Five percent share in Eleme Petrochemical worth USD27 million was never presented to at the National Council on Privatization before t'was sold to Indorama.

Indorama recovered this amount selling Polyethylene and Urea to the entire west Africa sub-region in just 14 months.


The article looks like a poor job done by an APC member.
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by jpphilips(m): 9:50pm On Nov 13, 2018
AZeD1:


The article looks like a poor job done by an APC member.

Few Days ago, for the first time in a long while since the web of allegations trailed several privatization scams that occured between 2002-2007, Atiku Abubakar on his twitter handle took credit for the Liberalization of the telecommunications sector by bragging to another user his exploits in the said programme.

Based on that development, I decided to remind Atiku other exploits in the privatization programme that murdered the destiny of hard working Nigerians including several youths whose sources of livelihood were fraudulently disparaged and rendered hopeless.

Atiku without doubt took his well deserved glory for the privatisation of the telecommunications sector because it was one of the few privatized institutions that survived, conversely, when we talk about privatization scams like the Pentascope that killed Nitel, Alscon scam, Nicon insurance scam and so many others, Atiku's supporters will tell us OBJ was in charge. grin grin

Is anyone still in doubt who orchestrated privatization scams all over the country? The culprit has spoken.

A summary of Atiku's exploits as the chairman of National council of privatization (NCP) and El rufai as the DG of Bureau of public enterprises (BPE), Nigeria's Assets fell into the sinister hands of waiting carnivores who devoured our collective destinies for 5yrs, under Atiku's reign as NCP chairman, Nigeria was held hostage, thoroughly stripped, beaten and milked dry of its fortunes in a once in a lifetime scam called Privatization and concessioning.

Under Atiku's watch, Vaswanis cheated Nigeria by short-circuiting due process, under a company called Avolon, to acquire Germany's 51 percent in Volkswagen. According to presidency sources, it was a breach of the pre-emptive rights of the federal government of Nigeria stated in section 151 of the Companies and Allied Matters Act 1990.

Atiku liquidated NAFCON in 2005 for the sole purpose of selling it to O’Secul Nig Ltd owned by his fellow con artist James Ibori for $153m Thank God for Notore that later pushed out ibori to bring that company back to life.

The BVI, however, had their reason. The National Council on Privatisation was aware of the under-hand deal. In a letter dated August 25, 2005, Atiku Abubakar, former vice president and chairman of the NCP, was informed by the Bureau of Public Enterprises, under Irene Chigbue, to waive Nigeria's pre-emptive rights to acquire the 61 percent shares of the German partners.

While Abubakar knew then that the Vaswanis had been banished from the country, he blinked over the BPE request.



Read more: https://news2.onlinenigeria.com/news/breaking-news/169013-how-the-vaswanis-loot-nigeria-the-brothers-get-n6-trillion-waiver-presidency-connection-national-standard-magazine.html#ixzz5FaujN7H8


Despite knowing Jimoh Ibrahim forged documents and a Memorandum of Understanding, MOU, which he used to acquire 70 percent of the National Insurance Company of Nigeria, NICON eventually was liquidated after The total assets taken out of the company either directly or through companies wholly owned and controlled by Jimoh Ibrahim and not properly accounted for amounts to N6.37billion.


Delta Steel which was set up in 2005, at a cost of $1.5billion, was sold to Global Infrastructure for just $30million without bidding, Atiku said it is in the best interest of Nigerians grin grin

Atiku ignored all recommendations from BPE and due process—to sell Delta Steel Company to Global Infrastructure instead of the winner of the bidding process, BUA Group.In fact Oby Ezekwesili attained celebrity status when she insisted due process must be followed to curb Atiku and obj's excesses, she was later nick named Madam due process.

ALSCON, was set up with $3.2 billion, Atiku sold it to a Russian firm, Russal, for a paltry $130million.
ALSCON had been given $120million for the dredging of the Imo River, but it was never carried out, Russal and Atiku disappeared with the money, igbos are complaining about dredging the river niger, but they have short memory that the ALSCON deal was supposed to dredge the Imo river, Imo river is easier and more economically viable than Niger river because it flows into the forcados river a major tributary of the river niger. Atiku and Russal disappeared with the money till date.


Atiku literally dashed DAILY TIMES of Nigeria, to the Anosike brothers (Noel and fidelis) according to court records, Atiku did not privatize daily times in the true sense of the word, Daily times assets worth over $3b was used to secure a mortgage that paid for the take over, in other words Atiku packaged Daily times to sell and buy itself, once her assets was stripped, Atiku took off with Anosike brothers to the next unlucky company.


How did Bluestar consortium take over the Kaduna refinery under Atiku's privatization? where is the $250m they paid at the time? the then CBN Governor swore an affidavit Nigeria did not get alert, grin grin grin
An asset of the state sold while the money just vanishes, just like that? Atiku truly broke a record.


How did SOLGAS company, headed by a 36 year old Seun Oyefeso, without the requisite expertise nor technical know how, took control of Ajaokuta steel, stripped its assets before OBj cancelled the deal, meanwhile Atiku has already swollen his tommy with the much Ajaokuta assets they could sell. Fear Atiku!!

Oh!! the story of Sadiq petroleum and Atiku overnight take over of African petroleum, thank God for yaradua, Atiku finished this country, only a child will bother about Atiku.


Then the Almighty pentascope scam, Atiku and Midget El Rufai executed the highest fraud in human history,

The first group that came calling and qualified to buy NITEL was IIL (London) Ltd.; they could not purchase the company. Then Nasir El-Rufai and Atiku brought in PENTASCOPE from the Netherlands. The controversial body was said to have its HQ in an abandoned church in London meaning, no official office address. Amazingly, PENTASCOPE was given a carte blanche to spend the monies of NITEL without paying for NITEL first, they cleared its offshore foreign currency savings. A company that was actually a national strategic institution has not recovered from PENTASCOPE; or from TRANSCORP and other efforts to sell BY FORCE! In the meantime, Nigeria became a country where telephone landlines disappeared from homes and offices, just as the assets of NITEL that have not been stolen, have continued to rot, as our empty-headed ruling elite cling to the litanies of the church of privatization, as their route to the heaven of capitalist development!



Atiku's intels and orleans after successfully taking over all our oil and gas free trade zones, in the document between NPA and Intels in 2005, referred to as the Consolidated Lease. OGEFZA unilaterally and/or illegally altered its name to read – OIL AND GAS FREE ZONES AUTHORITY. The word “Export” was deliberately deleted and the word “Zone” was deliberately pluralised in direct contravention of an extant Act of the National Assembly without a formal amendment of same as required by law, OGEFZA purported to exercise powers reserved for the President under the NEPZA Act by designating Warri, Calabar and Apapa as Free Zones in favour of Atiku's Intels/Orlean Invest

There was allegations of Massive fraud against OGEFZA as regards NPA remittances, While the committee that investigated those fraud insisted that payment of the money into commercial banks rather than the CBN was a violation of section 19(1) of the BPE Act,
There are major lapses in the retirement of advances, charges made by the project commercial bankers are deemed excessive and inconsistent, interests have not been credited on special account balance, expenses are incurred because no-objection was sought from the bank. Till date those fraudulent accounts was never audited.

The fear of the three wise men of corruption in Nigeria is the beginning of wisdom

https://www.vanguardngr.com/2011/08/obasanjo-atiku-killed-privatisation-chigue/
http://saharareporters.com/2007/09/26/privatization-scams-objs-era
https://newsdiaryonline.com/atiku-approved-pentascope-contractel-rufais-statement-in-response-to-former-vice-president/
http://www.informationng.com/2013/04/atiku-lied-about-pentascope-deal-el-rufai.html

3 Likes 2 Shares

Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by KanwuliaExtra: 10:03pm On Nov 13, 2018
When Buhari declares his ARSE-Ts, Atiku will reply. kiss
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by Tpeters(m): 11:26pm On Nov 13, 2018
quickberry:
Only those who are suffering from amnesia will support or vote for Atiku

hey idiot
dt is not Atiku's official twitter acct
ode!!get a life
Re: Atiku's Source Of Wealth Revealed... Mohammed Fawehinmi by quickberry(m): 9:00am On Nov 14, 2018
Tpeters:


hey idiot
dt is not Atiku's official twitter acct
ode!!get a life

Son of a bitch, agbero, oponu ayerada, omo ale, oloshi, megalomaniac.......oya JP

(1) (2) (Reply)

Kwara Debt Is Currently N30.2 Bn, Not N50.2 Bn - Demola Banu / PDP Stakeholders Demand Chairman, Secretary's Resignation / 2023: PDP Will Win South-East And South–South Overwhelmingly – Mohammed Bwala

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 65
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.