₦airaland Forum

This afternoon the at the Federal Executive Council meeting inside the Presidential villa, the president and his ministers paid tribute to his best friend and closest confidant Mallam Isa Funtua. As usual all sorts of glowing tribute was poured out in the typical Nigeria fashion of always mourning the dead perfectly. They had to, for Mallam Isa Funtua had risen to become the most powerful man in Nigeria; he had Ministers and top Government officials queuing up to see him. They would go to his Abuja house and sit down endlessly for hours waiting for him him to round up with whoever he was seeing at such time and attend to them. He was that powerful and far much more. The former Minster of Water Resources in the second republic was already BROKE by the time Buhari won the 2015 election.

He was in serious and obvious financial woes and was unable to repay the various loans he took from the bank and had to be dragged to court. It was whilst this was on going that his bestie Muhammadu Buhari won the presidential election in 2015 and he positioned himself together with Mamman Daura and Abba Kyari to become the most ruthless, selfish, greedy, incompetent, shortsighted, condescending and roguish power mongers in our entire political history.

He strategically choose the CBN and bared his fangs on the apex bank in the most audacious and unforeseen manner. His nefarious dealings with the CBN is a story told like tales by moonlight in almost every household, offices and media houses, WhatsApp group and even amongst the most elitist in the Nigeria society.

Despite the fowl scented truth all up in the air, very few online media had the guts to openly call out this criminal of unimaginable proportion. No mainstream media house could do the story for fear of being dealt with until a US based Journalist took the bull by the horn and dragged Isa Funtua and his entire family into the market square and forced them to ‘dance naked’ for all to see.

In a well detailed write up laden with impeccable empirical evidences, the Washington based journalist told the story of how Billionaire Isa Funtua had literally put the CBN in his pocket.

He would ask the CBN for hundreds of millions of dollarssssssss at very ridiculously low rate and them take same monies to the black market and sold it to the Bureau de Change guys at the going market rate. It was the type of FOREX ROUND-TRIPPING never seen in the history of this country.

According to the journalist he and his family was so neck deep in this that they would actually dictate to even the CBN who and who to give forex to Daily Mail did an investigative report of Isa Funtua’s forex round tripping and their finding were to put it mildly shocking; all the prominent BDC guys in Wuse Zone 4 Abuja who are in the business of buying and selling dollars gladly chorused his name as the man to see for the best dollar rate in Nigeria.

In fact they nicknamed him “CBN Governor” on account of the volume of forex he illicitly brings their way. It was the proceeds of this forex that he and his family used to procure mobile network Etisalat now known as 9 mobile for $300m.

It was also this proceeds that he used to procure Keystone bank. It was also the same proceeds that his son used in buying two private jets at the same time!!!!!! who buys two private jets at the same time in Nigeria? If not a money miss road who is drunk on his loot.

He has bought up so many landmark properties just within the last five years that he might actually surpass Bola Tinubu as the biggest landlord in Nigeria. CBN is his LAP DOG!!!!!! Isa Funtua was taking out dollars forcefully from the apex bank in a country where importers of goods and genuine businessmen struggle to access dollars for their businesses.

Isa Funtua was taking out such voluminous amount of dollars from CBN to lavish on private jets in a country where the Federal government couldn’t even feed the poorest citizens during months of lockdown.

Isa Funtua was taking out hundreds of millions of dollars barefaced from CBN in a country where returnees from London, US and Asia during the lockdown were asked to pay for their flights and feeding expenses. Isa Funtua is the worst of ROGUES!!!!!! and I stand to be corrected.

He didn’t stop at forex round tripping o. According to the US based Journalist, he forced the CBN to award his company a N30,000,000,000 contract for the construction of the CBN car park extension You want to build a car park extension for CBN staff at the cost of N30billion!!!!!!! Please what type of cars are they going to park there? Diamond encrusted cars Or personal private jets of CBN staff. How do you build a N30billion car park extension in a country that is officially the poverty capital of the world.


The entire contract violated the constitutional requirements as stipulated in the Procurement Act. Regular CBN contractors said the project was never advertised talkless of bid document being sold nor did CBN ask Contractors to submit an Expression Of Interest as is usually the norm. Funny thing is that if a proper check is done, his company would have been mobilized to the tune of 70% or even more this one is not your regular contractor o, Isa Funtua until his death can be described as one of the owners of Nigeria under this Buhari Government. This contract was so preposterous that the then Chief of Staff Abba Kyari was said to have summoned the CBN Governor immediately he got wind of the deal; to explain the madness.

I guess that one felt outsmarted by Funtua according to the reports he couldn’t do anything to stop it, na inside the same bag all of them dey sleep. So disdainful and arrogantly confident was Isa Funtua that he went on a live TV to brag that “there wasn’t just a cabal in the presidency but that he was the cabal” and we should deal with it.

In that interview he went on to drag the entire Igbo nation; he said “Igbos should first belong before clamoring to be president”. As in the Igbos are not yet ready coming from a man who is not even a Nigerian is just too telling; to those of you who don’t know, Isa Funtua is from Niger Republic!!!!! unfortunately we have a very broken system especially up north so even bandits and criminal herdsmen from sub Sahara Africa can stroll into Nigeria and eventually make it to the House of Representatives, Senate, Governor, Minister and even President.

Some weeks weeks ago he secured a court injunction against the US based journalist which was meant to stop the scandalous publishing of his financial heist on CBN and the further outing of his criminal financial empire. As he didn’t have any address for the journalist, he asked the court to allow him serve the journalist on Twitter he did and went home thinking that he had tamed the young man.

Unfortunately for him he was up against a Maaaaadddddd man the journalist first replied that the Nigeria judicial system doesn’t not have a US valid visa and so it’s not enforceable in the US He went ahead the next day in a very unprecedented manner and put out a world class and highly documented exposé of how the Funtuas have raped Nigeria financially and Isa Funtua was infuriated by no small means. He actually told a Senator last week that any day he catches the journalist he will so deal with him.

When a man this powerful in Nigeria makes such a threat it simply means, “you will be taken off”.

The Senator also passed his message to the target four days later Isa Funtua joined his ancestors and by now should be on transit in purgatory where he will be checking to see how many of his dollars came with him.

I watched his funeral yesterday as he was laid to rest and I though aloud, “how do these psychotic individuals don’t see the bigger picture in life”. Amongst the cabal he was known and nicknamed “Maradona” on account of the fact that he is a skillful planner; he knows how best to tame the opposition, he knows how best to tame the Revolutionists; which was why he went to see Sowore in prison and arrogantly asked him to bury his idea of a better Nigeria.

According to Sowore, “he was a very condescending man”. The man was the dictionary definition of Pride and unbridled arrogance even as he vehemently opposed restructuring the country. You can NEVER Rest In Peace if you killed the destinies of so many innocent Nigerians.

His family can keep their loot and enjoy it on behalf of their father. Monies you can’t use to better your adopted hometown Katsina even as you watch Bandits and criminals make meat pie out of your people, is not money but a generational CURSE!!!!! We haven’t even heard half of the story, the depth of Isa Funtua’s lootocratic empire will resurface in full force whenever these bunch of Shakespearean clowns are out of power.

For those who understand and can perfectly interprete body language, this is a picture of the late Isa Funtua and the Central Bank Governor, you can give the picture your own interpretation; as for me it’s a Master/Servant relationship
May any job we do in this life never erode our human dignit

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Simple solutions

Sell all federal government assets in Lagos state to investors that can maintain and monetise the bridge, use the funds from the sell to build new infrastructures in less developed regions in Nigeria.

The 1004 Estate, Federal Secretariat, National Stadium, Carter, Eko and Third Mainland bridge should generate at least $3 to $7 Billions in returns to the exchequer and contribute to the development of the Calabar to Maiduguri Railway programme.

ODJ124:
I hope this meeting is gonna yield fruitful result..

It will yield results if the security agencies arrest El Rufai.

uuzba:
It's because the whole 200 million Nigerians cannot refine steel and make rods. So we have to import everything to make anything in this country.

Nigeria has two steel plants Delta Steel and Ajaokuta and three rolling mills with a combine capacity of 11 million tonnes but the country cannot produce one bar of steel, but imports 5 million tonnes annually. European history confirms that the industrial revolution was based on the discovery and use of coal, iron and steel.

Nigeria has three three refineries but cannot refine one cup of oil.



There was a country

TechDaddy:
No matter how many good infrastructure Lagos puts up, they will quickly deteriorate under the weight of overpopulation.

The FG should work towards creating more commercial cities so that people can have options to go those places to trade or work. That's how economies grow!

Th state governors should upgrade their towns and villages to commercial cities.

They will ignore and bury this report

President, General Muhammadu Buhari, being silent and unfortunately giving the impression of his complicity.

Buhari is the minister of petroleum, his first ministerial appointment in 2015, he is not only complicit but responsible for corruption in NNPC

Muurian:
The truth be told, Nigerians themselves are the ones empowering this people to be dealing with our common wealth in any way they want.

Any day we are ready to take our country back, we can't say we don't know what to do!

Just look at this nonsense! Tomorrow now, some misguided person's from the South will blame the North for their problems, when it's obvious the South is the problem of the South!
None of the names mentioned were Northern senator's, but still the very same people who the projects will alleviate the suffering of their own people.

Who appointed Akpabio? Buhari

Why was he appointed ? Political Patronage

Is NDDC a federal or state agency? Federal

Is the federal government Southern or Northern dominated? Northern

Sanwo-Olu is a failure like his predecessor before him.

I will suggest that all federal assets in Lagos state to be sold to Lagos Government and Foriegn investors to release funds that can be reinvested in critical projects such as railway, agriculture and power.

Adakaazubuike:
If anybody should be considered for president in south east cone 2023, Chief Engr Dave Umahi is the right choice with little and lowest allocation in the whole of Southern Nigeria he have performed exceptional he will transform Nigeria withing the space of two years no thought.

Let him finish those projects first, we don't want to repeat the mistake of Fashola of Lagos state who left many uncompleted projects such as the Blue light rail project.

[quote author=Minsk24 post=92104861][/quote]Bro, it's the best option we have got.

All three regions want restructuring of the country into 6 geographical regions, the two major ethnic groups will never agree on anything and spend most of their time undermining each other, so why not support a common candidate from the South-South with a clear mandate on restructuring of regions, security, resources and taxation.

The North cannot defeat the South if it's behind a common candidate.

Soon, they will be eating human.

Talknochip:
Prof is always on point!



This administration has shown us more reasons why we need to build strong and solid institutions that will guide our affairs and governance.


we need to do away with the current constitution. It's not an instrument that can bring the needed change or cohesion.


We need Institutions that will be far above anyone in the country. Institutions that can remove a sitting top officials whenever the err.


Buhari made his supporters to perceived him in 2015, as an 'institution' who will and also very capable of solving the multi-faceted problems in Nigeria.


None of them asked how he was going to go about it. They just believed he is 'upright', has 'integrity' and for them, that was enough.

Sad that the president never thinks or has forgotten that his first allegiance is to the masses and to the Constitution and not to some loyal associate like the Prof rightly alluded.

No wonder he went on a peace keeping mission in another country when his own country is boiling left, right and center.

You first require strong and dedicated leaders to build strong institutions.

Chicagoesontop:
Is NIGERIA the only country in this world ? why is it that everything bad can be found in this country ?

Nigeria is a failed state.

Failed state : A state whose political or economic system has become so weak that the government is no longer in control.

PROUDIGBO:
So in your estimation, the only way there can be southern unity of purpose is if Ndigbo forgo insisting it’s their turn in 2023 because a Yoruba will never support such a bid!?

So much for ‘southern unity’!

I have never come across a political strategy based on it's our time to rule.

Yoruba's and Igbo's elites will never agree to support one of the other candidate, so the best alternative is to back a South South candidate that will support both regions interest, one of them being restructuring.

To move foward the Igbo's and Yoruba's must bury the hatchet and support a candidate from the South-South to represent their interest. Enough of this it's Igbo's turn to rule, an Igbo's president with the backing of Northern Nigerian's cabal will be another weak president, just like GEJ and OBJ.

Nigerians don't want to pay taxes but the want security, good governance, rails, roads, health care. When Nigerians start paying taxes they will start holding corrupt governments to account.

Nigerians will be on the street when government misappropriate their resources.

2mannoAmanno:
What A Shame...
I Used To Think About Nigeria becoming A SELF Sufficient State Where Electricity Is stable (Whenever I Try To Day Dream About The Future nigeria I Wanna see)
how It'll Be Worth It to Finally See That We Are Now Improving..

Now Look What y'all did.
Making A Stupid Deal Out Of Greed just To Suit Some 'Mofos
UpNEPA

I use to do more than dream, I usually compare Nigeria industrial capability with countries of similar size and capabilities such as Iran, Indonesia, Turkey, Vietnam and Mexico.

Nigeria industrial capacity numbers are just shameful, a country of 200 million with less than 60GW has no hope of diversifying it's economy or developing.

Racoon:
This must be incredible if true.Meanwhile, the P & ID case is still hanging on this nation.

The Presidential Power Reform Transaction, which was headed by Osibanjo when the deal was struck obligated Nigeria to pay between $30 million and $33 million monthly to Azura for power for powers generated, even if not “dispatched.”

Nigeria has been mortgage by these criminals

Guestlander:
Nonsense, Ameachi is good but the railway projects are financed by the Chinese therefore he doesn't have any reason not to deliver. Who is financing the power sector and how much money is dedicated to it?
You people just make baseless comparisons.

What happened to the PH monorail to nowhere?

Temitopemo6e6:
this wicked government still dey import bitumen way be say na we get petroleum


bitumen is obtained naturally or
as a residue from petroleum
distillation.

Nigeria has been ruled by slowpoke for all it's history.

Nigeria is greatly endowed with large deposit of natural bitumen at Agbabu, Ondo State. The country was reported to have a proven reserve of about 42.47 billion tonnes of bitumen, a quantity which is estimated to be second largest in the world but yet to be explored for economic purposes.
https://www.sciencedirect.com/science/article/pii/S2214509516300201#:~:text=Nigeria%20is%20greatly%20endowed%20with,be%20explored%20for%20economic%20purposes.

So he lied under oath. That is perjury and he should be jailed.

abduljabbar4:
I disagree. A governor like Gandollar, a thief, is far more competent than Ikpeazu. Elrufa'i is far better than Fayose.

Let's forget NDDC for a while. Are you aware that the Niger Delta Proportionally gets far more allocation from the FG than Kano (even if you ignore the 13% derivation they enjoy) and yet they have nothing to show for it. Their leaders (including the NIGER DELTANS that head NDDC) would steal billions if Naira and then go out to tell their people that the North is the reason for their poverty.

Give some of our governors those resources and see how things will turn out in the next few years.

The head of NDDC is Buhari, NDDC is a federal ministry the ministerial appointments are made by Buhari.

Ijaya123:
This is very shameful. Even Buhari will be in shock.

Meanwhile a whooping sum of 15 trillion naira has gone to NDDC since inception but with little or nothing to show for it.

The people from the region need to start holding their leaders and representatives accountable instead of always seeing Buhari, Tinubu or Ganduje as the source of their problem.


The information is in the public domain sir.



The same law that is there to make the pay back stolen funds can also be used to hold Akpabio accountable. Afterall he no more enjoys immunity against prosecution.

How can Buhari be shocked, when he appointed Akpabio as chairman of NDDC.

Seriously, Nigeria should stop believing in think Buhari "integrity". All his appointment are unravelling as corrupt appointments from NDDC, NNPC, EFCC and the Nigerian Army (Buratai)

abduljabbar4:
I disagree. A governor like Gandollar, a thief, is far more competent than Ikpeazu. Elrufa'i is far better than Fayose.

Let's forget NDDC for a while. Are you aware that the Niger Delta Proportionally gets far more allocation from the FG than Kano (even if you ignore the 13% derivation they enjoy) and yet they have nothing to show for it. Their leaders (including the NIGER DELTANS that head NDDC) would steal billions if Naira and then go out to tell their people that the North is the reason for their poverty.

Give some of our governors those resources and see how things will turn out in the next few years.

Northern governors are responsible for the excessive violence across the North.

If you think Northern governors are better than governors in the South or vice versa then you have a ethnic bias issues.

All Nigerians governors are corrupt and bad.

DMPaulSr:
Hopefully, Nigeria will get here one day..
Kudos to UAE

Nigeria needs to launch electricity first.

sapientia:
Buhari cannot probe NDDC

Corruption won't allow him.

He appointed Akpabio in the first place.

abduljabbar4:
What's quota system here? The governor attracted investors to the state with good policies while your governors are busy sharing kerosene and cutting Ponmo. Just look at what NDDC is doing to the Niger delta region.

Please don't go there ......all governors in Nigeria are cutting ponmo and sharing kerosine. The NDDC is a failure of the federal government, NDDC is a federal government agencies created to facilitated development in the South-South. Buhari appoints the NDDC executives.

abduljabbar4:
We keep telling Nlanders that investment is about market availability, culture of the people, govt policies and access to raw materials not bigotry. If we had access to the sea, northern states like Kano, Kaduna and the FCT would be competing neck to neck with Lagos.

Rilwayne001 take note. Our illiteracy did not stop us.

Illiteracy is not stopping you, but nepotism and quota systems has help. Well done to the done to the North.

Tinubu is doing a great job in Lagos

Vision2045:
for those judging wrongly.

The move is just a palliative to make the road motorable.... Construction of a brand new road to
commence after the rainy season as promised by my Governor...

Read before you cast a stone don't be lazy

I am casting a rock at your lazy head. The governor was elected in 2019 so why the delay?

ukukaegbu:
For saying this, he has automatically entered the bad books of some people.

He has entered my bad book.

What benefit has the rotation of the presidency done for Nigeria? The PDP -GEJ and APC -Buhari have both been a disaster for Nigerians.
An Igbo presidency will be another disaster, as it will not be based on merit, but the ethnicity of the candidate. Nigeria needs constitutional reform to restructure the country.

Do you think BH and Fulani militants would be terrorising Nigerians if each region had their own security architecture? A North Eastern region would have built Mambilla dam 32 years ago, instead of depending on electricity from the South.