₦airaland Forum

If one third of the Nigerian population were to queue up for a bonus pay cheque, no fewer than 53 million citizens will smile home with N18,000 every month for a full year from the unaccounted N11.56 trillion Excess Crude Accounts now subject of national accountability scandal.

PREMIUM TIMES exclusive investigation indicating that N11.56 trillion in oil revenues remained unaccounted for in eight years is putting fresh spotlight on the Nigerian government’s poor accountability record and underlining the human cost of Nigerian corruption.

Because a huge chunk of Nigeria’s resources are either stolen or unaccounted for, Africa’s largest oil producer has continued to grapple with devastating poverty and chronic underdevelopment, said Chibuike Mgbeahuruike, Executive Director of Nigeria’s activist group, Civic Space Initiative.
“Many people have died in recent years on account of Boko Haram, but many more have been killed as a result of public sector corruption expressed in widespread poverty, accident-ridden bad roads, poor health facilities and general infrastructure decay,” he said.

PREMIUM TIMES’ data scientists and reporters who surveyed seven key sectors of the nation’s life say in the hands of development-minded administrators, the N11.56 excess crude money so far unaccounted for could have provided at least 577,000 primary schools built for N20 million each; while 1.16 million health centres could have been built for N7million.

Still on the health track, 76 million Nigerian kids could get mosquito treated nets at N6,900 each, saving them from the scourge of malaria which today kills more than 300,000 Nigerian children under the age of five in annually and responsible for 11 per cent of maternal mortality cases yearly, according to experts at the Malaria Action Programme for States (MAPS).

With the country’s HIV population of 3.1 million, the nation would be a healthier environment caring for the ART needs of this vulnerable group for 108 years if N34,500 is spent on each patient per year.

The perennial power shortage that has crippled economic growth and development efforts could get an unusual boost with an additional investment in 457 gas fired turbine plant at the cost of N25.3 billion per piece. Each plant can generate an average of 485 megawatts, according to an estimate provided by a committee led by former Vice President Namadi Sambo. So 457 units can generate over 220,000 megawatts to the national grid.

Highway infrastructure, water and sanitation development and provision of low cost housing are the other areas that can see remarkable transformation.

In the housing sector, at N7million per piece, the country can provide 1.65 million additional cheap housing for citizens; and provide 126 million households with potable water at a cost of N93,000 per household connection. That will far exceed national needs, since, on the records of the National Bureau on Statistics, the country only has 45 million households.

In the area of highway infrastructure, available data show that 123,000 km of dual carriage paved roads can be built at current cost of N93million per kilometre. That translates to building a road from Lagos to Maiduguri and then to Port Harcourt.
In interviews with PREMIUM TIMES, development planners bemoaned the negative effects of corruption on Nigeria.

“Corruption retards national development, makes a few people rich, more people are pushed down the poverty line; violated people’s economic and social rights to the benefits of natural resource endowment; denies Nigeria the opportunity of occupying her rightful position in the comity of nations,” said Eze Onyekpere, Lead Director, Centre for Social Justice.

Auwal Rafsanjani, Executive Director, Civil Society Legislative Advocacy Centre [CISLAC] agrees.


“Corruption denies Nigeria development at the level the people desire, particularly in terms of ability to provide the basic infrastructure to give the people quality living,” Mr. Rafsanjani said. “Corruption deprives the people of water, roads, hospital, health centres.

“The insecurity in the country, like Boko Haram, is as a result of corruption, because those at the border collect bribe to allow the insurgents to come into the country; all kinds of goods are allowed to come into country to compete with our local industries.”

As far as Faith Nwadishi, National Chairman, Publish What You Pay Nigeria, is concerned, “Corruption has given Nigeria a bad image, making the country to lose a lot of diplomatic grounds, as people would not want to do business with the people without the suspicion being duped.”

Joseph Amenaghawon of the Open Society Initiative for West Africa [OSIWA], argued along the same line.

“Corruption has not allowed the country to be opened up for the quantum of investment that should flow in country,” Mr. Amenaghawon said. “Corruption has made it difficult for the country to translate growth into benefits for the people, which has resulted in high incidence of youth unemployment. The corruption around the oil industry has not allowed the economy to spread the value from the national resource to impact the people.”

hinwazaka:
A wise saying goes " We see the world through our eyes"
You claim he is a paid E-social analyst. Maybe because you are 1

PhockPhockMan:
The OP is a confused fellow. Just like bat, neither here nor there. I know he will surely change moniker because nobody takes him serious anymore. GOOD BYE MY DEAR

Spybradd:
HUH!?!Look whos talking!?!?! Look the potential student terrorist in training talking!!!!

sukkot:
bros, when i say scarcity of men, i mean scarcity of dangote men. these women rather face konji and blow themselves up than mess with broke men like us. dem dey look for dangote and otedola men wey go buy dem private jet for birthday

Hahahahahahahaha LWTMB. NoW I get it.

They should continue blowing themselve

sukkot:
maybe scarcity of good men ? konji na bastard bro

Really? When I don't even have a girlfriend?

sukkot:
wahala dey ooo. why all our nubian queens dey blow themself up na ? no man ?

tintingz:
Yeah, he's busy with studies.
We use to chat on WhatsApp.

That's cool ma regards to him.

tintingz:
Lol, we are brothers na.
And where is Lanrexlan? He's another brother of mine.

tintingz:
The Quran is the final say of what we should do.

Any hadiths that doesn't follows with the Quran is a No for me.

There are fabricated hadiths and authentic hadiths.

So when I said hadith is not Allah's word it not direct from Allah.

lalasticlala:
hahahaha this is so hilarious!!!

tintingz:
Lol, there are some hadiths the Prophet(SA) didn't stop Aisha(RA) from singing and another hadith where He(SA) didn't stop some women from singing

grownaira:
Can u provide evidence that backs up the bolded?

tintingz:
That's why I don't hold on to some hadiths.

I thought the Quran talk about singing hymns for Allah.

tintingz:
All these hadiths eh??

I tire o

vedaxcool:
wailer didn't get sufficient "likes" in PassingShot thread he now want to redeem his position from pirepire as nl undisputed chief wailer.

barcanista:
[s] Goodmorning Nairalanders, it is always a pleasure to put things in proper shape because of the antics of the ruling APC.
Two days ago (29/07/2015) a thread highlighting the failure of Buhari's two months old administration. But some Buharists put up a mockery thread titled Buhari's Presidency - Two Months Of Indisputable Success. This article will address all the points that was raised in that mockery of a thread. [/s]

Your head is impervous to the truth. We will continue shoving it in your ass.

[s]1. Increase in Our Foreign Reserves:[/b]
While it is true that the Forex reserve has increased by $3billion, it is also worthy to note that such increment is to the credit of CBN Governor Emefiele and not President Buhari. Early this month the CBN restricted importers of over 41 items from accessing the interbank forex market and the Bureau de Change (BDC). just to reduce the pressure on our reserve. Importers of the affected items had to source their dollars elsewhere. Buhari administration neither passed any circular nor did it implement/initiate ANY fiscal policy to back the monetary decision of CBN. I am not aware of any "leakages that has been blocked by Buhari". [/s]

[s] 2. Bail-out Package To States:[/b]
Firstly, it is a shame and unfortunate that Governors of the 36 states mismanaged the N3trillion they shared between 2011 and 2014 from the Excess Crude Account, they mismanaged their statutory resources and even borrowed funds can't be accounted for. Yes, President Buhari "pledged" to bailout states with N713 billion but like every of his promises he has FAILED to redeem his pledge to the Governors one month after making the promise. On the 24th of this month, the Chairman of the Governors Forum, Yari of Zamfara said has this to say
“This is also to inform our friends in the media that the Federal Government has not given any bailout to any of the states. What had been shared the last time was monies from NLNG and FAAC. As we have been saying, rather than look out for bailout, we have been looking for all monies that are in the coffers of the federation to be brought together for the purpose of sharing"
www.vanguardngr.com/2015/07/were-yet-to-receive-bailout-promised-by-buhari-govs-lament-2/
Earlier before, the Ondo state Governor Rahman Mimiko had said similar thing...
“I can tell you that so far, no concrete action has been taken in that direction, notwithstanding the fact that all across the nation and in particular in Ondo, most people have read in the newspapers and heard that the Federal government distributed over N720b to assist the states in the payment of salaries on Monday”
www.vanguardngr.com/2015/07/no-bailout-for-states-yet-ondo-govt/
More recently, APC and Edo state Governor Adams Oshiomole re-echoed the position of the Governors.
“So for now, no governor, no government has gotten any one naira under the bailout."
www.punchng.com/news/states-yet-to-get-fgs-bailout-funds-oshiomhole/
So what is the achievement? [/s]

[s] 3. Modest Success Against the BH Terrorists:[/b]
This is the most ridiculous. Buhari inherited a very strong military that recorded Huge success against BH terrorists between January and May 29. Unfortunately, the Terrorists began to gain upperhand launching over 30 attacks and killing more than a thousand since Buhari tookover power in May 29.
Buhari Two Months Pledge
I have to make this a subhead because the Buharists are trying to play a fast one on Nigerians. [/s]

4. [s] Serious Undergoing Efforts to Recover Our Stolen Money:[/b] This is ridiculous. Since 1999 Nigeria has been recovering billions of our stolen wealth from abroad.
During Obj's era for instance, the government of Obj was quoted to have said "We fought a case in London and we got $150 million or thereabouts released, about 300 million Deutschmark. Then there were little ones like $20 million by another group and that kind of thing."In fact, Obasanjo made it known that about $1.2billion was agreed to be released from abroad. Switzerland government through its embassy in Nigeria made it known that $290million was transferred to Nigeria in Sep 1, 2005, $168 million transferred in Dec 19 2005 and $40million in January 2006. www.nytimes.com/2002/04/21/weekinreview/ideas-trends-a-nigerian-miracle.html www.clickafrique.com/Magazine/ST010/CP0000002784.aspx [/s]

[s] 5. Refineries now Working:
This is a stale propaganda. Buhari himself has dismissed it so I will let it rest.

"I cannot take credit for the revival of the refineries because I have no input to it, if I say I had a hand in it, it will be a lie and I cannot tell lies." (President Muhammadu Buhari)
https://www.utube.com/watch?v=ttD5Tr-c9f [/s]

[s]
6. Improved Electricity:
According to Transmission Company of Nigeria...

"the country’s power generation and transmission capacities have in the last couple of days enjoyed new peaks above 4500MW following improvements in gas supply to the generating stations as well as equipment and infrastructure upgrade in the transmission network."
[/s]

7. Nigeria Image Boosted[/b]:
Some things are best not said. Our President has been going about embarassing our country. Of recent he publicly called his party "All Nigeria People's Congress" in the presence of USA President Barrack Obama. Same man embarrassed Nigeria in the USA when he went there without a single diplomat to negotiate bilateral treaty nor Financial/Economic experts to discuss with businesses. He never even made any real policy discussion with Obama or Kerry. He was seriously giving vote of thanks to America and Technology and reader card. What image other than embarrassing image since Buhari came to power? I understand that supporters of Buhari administration are seriously grasping for straws hold on to. They are bent on propagating falsehood but Nigerians should be assured that we shall continue to match their propaganda with the truth.

I don't think I need to say much here as comments
from notable citizens and international figures are a
testament to this fact. Even, PDP has been somehow
forced to eat the humble pie when they declared that
"Buhari is the only clean man in APC" . To many of
us, this is a huge difference between the two parties.
After all, PMB/VPYO are the representatives of the
change we fought for.
To attempt to put things into perspective, take a good
look at the Nigeria PMB inherited from the Otuoke man.
God Bless Nairaland
God Bless Patriotic Nigerians
God Bless PMB/VPYO
God Bless Nigeria
God bless PASSINGSHOT

Toluwarni:
Soon? We've been saying this since 2009

Omenkata:
[s] Gov Oshiomhole says – We found nothing incriminating against the person of President Jonathan but he must take responsibility for others as the Leader.

Sir, apply the same standard to President Buhari, he must take responsibility for others those States’ treasury emptied into his APC presidential campaigns.

On Monday 27/7 President Buhari on NTA Live program gave his reason for failure to appoint Ministers translated to mean that there are no people of integrity in his party, none he could trust. S50 CFRN compels appointment of AGF, he named none not even from the list of lawyers working for him whom he could have asked to make a recommendation of lawyers post ten years, PMB didn’t find credible and that effectively written off dozens of his viz Wole Olanipekun SAN, Lateef Fagbemi SAN; Rotimi Akeredolu SAN; Babatunde Fashola SAN; Malami SAN, JS Okutepa SAN. The Chair NHRC Odinkalu he sacked and has yet taken steps over the dissolution of Federal Boards and Councils.

You and three other serving Governors were appointed by President Buhari in June 2015 to look into EC and NNPC accounts as if it is the first time you were being asked to take a State responsibility you started running lines without calling on Dr Ngozi Okonjo-Iweala and other relevant witnesses to make statements on the allegations. You had uptil 23rd July instant to submit your report and you have not been able to write and submit a formal report. Next you went on air and said a Minister cornered $6B without naming the Minister.

Who is blackmailing Dr Ngozi Okonjo-Iweala, and whatever it is intended to achieve won’t work because she is not going to succumb to blackmail. If you say someone is corrupt & apply illegitimate methods of recovery, you must be corrupt.
The question Gov Oshiomhole is why don’t you remove your massive log of corruption as indicated to Ms Amanpour/CNN

http://reportsafrique.com/news/gov-oshiomhole-we-found-nothing-incriminating-against-president-jonathan-but-he-must-take-responsibility/

cc

lalasticlal


barcanista Whynotthetruth anonimi FireFire Temitemi1 Mogidi oremussanctus truckpusher atwireless MizMyColi SeverusSnape ApcSucks

MuhdG:
You'll never see people like barcanista, temitemi1, mogidi etc here