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Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo - Politics (3) - Nairaland 584p4q

Despite Leaving $70bn In Nigeria’s Coffers, We Owe More Debt Now – Obasanjo (12447 Views)

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SIRAO(m): 10:05pm On Oct 25, 2024
[quote author=Smithkafors post=132586956]When they are busy electing illiterates and corrupt entities calling it wisdom.

Which educated person will go and queue to vote Buhari and Tinubu if no tribalism. We are learning the hard way now.[/quot

Good luck nko

3 Likes

santaclaws: 10:08pm On Oct 25, 2024
anonimi:


Sanusi only played on your intelligence with his fake alarm to divert attention from the query that he failed to answer about his mismanagement of CBN funds.




The FRCN’s report on Sanusi







The decision to suspend the Central Bank of Nigeria Governor, Sanusi Lamido was based on a report of the Financial Reporting Council of Nigeria dated June 7, 2013.

The report was made after a review of Sanusi’s response to the query issued to him by the President over the apex bank’s financial statement of 2012. His response was dated May 20, 2013.

According to a copy of the report obtained by our correspondent on Thursday, the council indicates that the explanation provided by the suspended CBN governor is “a clear display of incompetence, nonchalance, fraud, wastefulness, and abuse of due process and deliberate efforts to misrepresent facts on the part of the leadership of the CBN.”

The council advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.”

The report read: The particulars of the infractions against Sanusi are:

Persistent refusal and/or negligence to comply with the Public Procurement Act in the procurement practices of the Central Bank of Nigeria.

(A) By virtue of Section 15 (1)(a) of the Public Procurement Act, the provisions of the Act are expected to comply to ‘all procurement of goods, works and services carried out by the Federal Government of Nigeria and all procurement entities.’ This definition clearly includes the Central Bank of Nigeria.

(B) It is however regrettable that the Central Bank of Nigeria, under his leadership, has refused and/or neglected to comply with the provisions of the Public Procurement Act (PPA). You will recall that one of the primary reasons for the enactment of the PPA was the need to promote transparency, competitiveness, cost of effectiveness and professionalism in the public sector procurement system.

More from: http://www.punchng.com/news/the-frcns-report-on-sanusi/
.

All these long texts said nothing! Just cock and bull stories meant to undermine Sanusi's credibility.

Dieziani Allison Madueke is on the run today, why? A clear conscience fears no evil. The evidence is 100% clear that GEJ's tenure was riddled with the worst financial corruption in the history of this country's democracy.

Anyways, I know your type... You don't know much, yet you're the loudest, even when they correct you, you won't listen.

4 Likes

Alaska5050(m): 10:08pm On Oct 25, 2024
flyinnizam:
what can 2k buy for u?

I'll manage. We are all in this together. Pls help 🙏
004gist: 10:09pm On Oct 25, 2024
JAMO84:
Whatever you left behind, your handpicked successor squandered it.

I had to say it before ipob terrorists and the headless mob put it on Buhari and Tinubu

Lets assume Jonathan left 28 billion.
Why didn't Buhari saved just like obasanjo...? Even if he can't saved why did he mount sooo much debt

1 Like

Konjiboii: 10:12pm On Oct 25, 2024
Even we the ijaws were disappointed with GEJ , God gave you a platter to enrich the Niger Delta but you were dick riding your masters in the North, there are no development WHATSOEVER in the whole of the Niger Delta, with the resources we provide the nation, we still not have a penny to our name, even the crumbs allocated the gluttons and evil men ruling the region steal without conscience and sympathy. Once you that welcome to Bayelsa gate your mood just get gloomy and you want to leave as soon as possible. I ionately hate and detest our leaders who don’t care or think about the future of its people, GEJ no try abeg.

3 Likes

004gist: 10:17pm On Oct 25, 2024
9jatriot:
Obaasanjo try sha, I wonder if his third term bid would have been such a bad thing after all.

But his choice of successor was abysmal to say the least. Yar'a Dua practically reversed many of the things Obj ha set in motion. He reversed the sale of the refinery to Dangotte and then set the power sector backwards forever.

To be popular he reversed the increment in petrol, of course short sighted people still hail him for that till today but in hindsight, it was a wrong move.

Then I do not even want to mention Jonathan, that one squandered the resources of the country.

Yaraduah achieved greater growth.. Reserves climb to 68 billion.

The disaster was Buhari n tinubu

2 Likes 1 Share

abibun: 10:20pm On Oct 25, 2024
JAMO84:
Whatever you left behind, your handpicked successor squandered it.

I had to say it before ipob terrorists and the headless mob put it on Buhari and Tinubu
You guys seems to be reasoning through anus.
Is GEJ not better to buhari?

004gist: 10:26pm On Oct 25, 2024
Mrfeel:

Obasanjo is the reason Nigeria is still suffering epileptic power supply, where is the 16$ billion spent on power by him?

Which 16 billion are u talking about? Do u know what's 16 billion dollars is all about? Or are u guys caused?

3 Likes

sevenhundred(m): 10:27pm On Oct 25, 2024
Svoboda:
Objs 8 years was of no significant value. No single meaningful infrastructure apart from the white elephant national stadium that was built at a ridiculously inflated cost. No roads and schs built. No hospitals built.
olofo, get-out here.

2 Likes

idealogical: 10:30pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I Dansuki
I Stella Oduah bullet proof cars

Ngozi Okonjo couldnt for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history

OBJ and his PDP looting gang really destroyed our economy.

OBJ always hide under the debt relief that actually was a giveaway to foreign countries, he wants us to look the other way when it comes to his in own personal looting and stealing.

This man started operation feed the nation and squandered and embezzled billions in dollars, but we did not not see the food, all we saw at the same time was his own modern agric farm.

Same thing with education, after the billions budgeted for education, all we saw was his own private University and ASU strikes every month.
Electricity nko, this man still left us in darkness after looting and stealing $16 billion power funds.

His other brother Jona accumulated the largest oil wealth in the history of Nigeria, N51 Trillion, but by the time he left office, he's declared austerity measures twice, he was borrowing hundreds of billions every month to pay salaries which ge did till his last day in office.

At the end of Jonas term in office, nearly all our states were bankrupt and had to be rescued with bailout loans twice.

On top of all that, to they left thousands of abandoned projects everywhere, they owned airlines, they pooted and privatized all our institutions and companies and decimated millions of jobs in the process, and never even bothered to pay their gratuities and pensions.

They were servicing our debts with over 90% of our budget.

And the unfortunate finance minister okonjo did her own too. She did not bother to use the massive income when oil was selling for $100 per barrel to diversity our economy, but she managed to divert $2.3 billion for Dasuki ATM to loot and share with their PDP cronies.

Many Nigerians actually think their problems started today or under APC when in fact it started decades ago.

With over 20 states bankrupt, and the government servicing debt with 99%=of the national budget, couldn't pay salaries and the government borrowing billions to pay workers salaries , the economy was totally dead years before APC.

OBJ is a shameless old man, he supervised the destruction of the Nigerian economy but made sure to use our resources to build private business and a university while in office.

2 Likes 2 Shares

Mrfeel: 10:36pm On Oct 25, 2024
004gist:


Which 16 billion are u talking about? Do u know what's 16 billion dollars is all about? Or are u guys caused?
I asked a simple question, what happened to the 16$ billion spent on power by his istration

1 Like 1 Share

airsaylongcome: 10:39pm On Oct 25, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I Dansuki
I Stella Oduah bullet proof cars

Ngozi Okonjo couldnt for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history

What was the ECA and foreign reserve figures as at May 29, 2015? What are they today?

1 Like

idealogical: 10:58pm On Oct 25, 2024
And don't forget about GEJ and his N200 Billion cassava bread looting scheme.

1 Like

LegacyB: 11:03pm On Oct 25, 2024
This is why I laugh when Nigerians suddenly turned Jonathan to a Saint. That guy’s the worst PRESIDENT on earth!
That’s was where our Major problems started!

1 Like

gidgiddy: 11:07pm On Oct 25, 2024
We Igbos have watched the rest of Nigeria wreck Nigeria for the almost 60 years

The only thing we wonder is how God gave you guys such an incredible talent of wrecking things?
BABANGBALI: 11:53pm On Oct 25, 2024
Buhari and APC killed Nigeria
ncoolsome(m): 11:56pm On Oct 25, 2024
JAMO84:
Whatever you left behind, your handpicked successor squandered it.

I had to say it before ipob terrorists and the headless mob put it on Buhari and Tinubu

Do you need history class to know Yaradua was who he picked and not Jonathan?

1 Like

goslowgoslow(m): 12:30am On Oct 26, 2024
What if the $16 billion meant for power project that you stole?
goslowgoslow(m): 12:31am On Oct 26, 2024
gidgiddy:
We Igbos have watched the rest of Nigeria wreck Nigeria for the almost 60 years

The only thing we wonder is how God gave you guys such an incredible talent of wrecking things?
Just the way your governors wrecked your impoverished eastern states.

2 Likes

BigIyanga: 12:38am On Oct 26, 2024
ALTERNATEID:


Jonathan met an Excess crude of over $20billion and external reserve of $45billion. He squandered every single kobo despite crude oil selling at over $100 all through his tenure. Today, folks like you with short memories are trying to tell us how Jonathan was a better president than those that came after him. Good will judge all of us on this country.
Shoopid alternative facts. ECA was declared illegal by the Supreme Court. 36 governors demanded for it to be shared. GEJ agreed per supreme court ruling. Your gov and co got 55% of the ECA.
What is the correlation btw foreign debt and illegal ECA?? Nil. Do you think you’re talking to your village beer parlour group?
Abagworo(m): 12:47am On Oct 26, 2024
It was Yar'Adua that set the stage for the squander by suspending all the policies Obasanjo put up late in his istration. The worst of it was reversal of refinery sales and return of subsidy which made the oil sector a fertile ground for callous looting persistent till date. Why Nigerians including myself clamoured for Buhari in 2015 was because we believed he would treat corruption once and for all after which his successor would focus on the area he obviously lacked but alas he was defeated by corruption leaving Nigeria more corrupt than he met it. Personally I don't expect much from Tinubu so I'd relax and wait for his successor as next possible hope for Nigeria. He believes in ideal economic theory without understanding the peculiarities of Nigeria which defies common sense economics.

3 Likes

Kukutente23: 12:55am On Oct 26, 2024
JAMO84:
Whatever you left behind, your handpicked successor squandered it.

I had to say it before ipob terrorists and the headless mob put it on Buhari and Tinubu
You need to rejig your memory sir
Tinubu and Buhari fronted the anti-subsidy removal protests

Amaechi, Aregbe and Oshio fronted the spend all the money campaign by instituting a case in the SC against the continued existence of excess crude .

All these are your heroes in the cursed APC. Little wonder they and not Yar'Adua or Jonathan have taken Nigeria back to worse than 1999 levels

4 Likes 1 Share

Kukutente23: 1:00am On Oct 26, 2024
idealogical:


OBJ and his PDP looting gang really destroyed our economy.

OBJ always hide under the debt relief that actually was a giveaway to foreign countries, he wants us to look the other way when it comes to his in own personal looting and stealing.

This man started operation feed the nation and squandered and embezzled billions in dollars, but we did not not see the food, all we saw at the same time was his own modern agric farm.

Same thing with education, after the billions budgeted for education, all we saw was his own private University and ASU strikes every month.
Electricity nko, this man still left us in darkness after looting and stealing $16 billion power funds.

His other brother Jona accumulated the largest oil wealth in the history of Nigeria, N51 Trillion, but by the time he left office, he's declared austerity measures twice, he was borrowing hundreds of billions every month to pay salaries which ge did till his last day in office.

At the end of Jonas term in office, nearly all our states were bankrupt and had to be rescued with bailout loans twice.

On top of all that, to they left thousands of abandoned projects everywhere, they owned airlines, they pooted and privatized all our institutions and companies and decimated millions of jobs in the process, and never even bothered to pay their gratuities and pensions.

They were servicing our debts with over 90% of our budget.

And the unfortunate finance minister okonjo did her own too. She did not bother to use the massive income when oil was selling for $100 per barrel to diversity our economy, but she managed to divert $2.3 billion for Dasuki ATM to loot and share with their PDP cronies.

Many Nigerians actually think their problems started today or under APC when in fact it started decades ago.

With over 20 states bankrupt, and the government servicing debt with 99%=of the national budget, couldn't pay salaries and the government borrowing billions to pay workers salaries , the economy was totally dead years before APC.

OBJ is a shameless old man, he supervised the destruction of the Nigerian economy but made sure to use our resources to build private business and a university while in office.
I want to believe you can't be so stupid to believe the trash you wrote. Operation feed the nation of 1978 in 2007? Haba!! What are you smoking
Vision101(m): 1:06am On Oct 26, 2024
Jessyjeff:
It was because you had the best team that worked for a better economy. Soludo and Okonji Iweala were very active in shaping your economic policy.

Those economic policies were instrumental in pulling many Nigerians out of poverty.

Since 2015, lizard people took over power in Nigeria, and the results are what this country is experiencing today.
Yes OBJ saved and obtained debt forgiveness but there was no infrastructure. Total decay of infrastructure under him. What is the sense in saving without investment in infrastructure that will develop your economy.

His privatisation was a mess under atiku. Billions of dollars were invested in power without results. That's the genesis of our energy problem of today. He didn't make efforts to either bring the refineries back to life or encourage private sector investment.

Then the worst was the regimes that took over from him. Jonathan squandered everything. OBJ was so upset 😭 against Jonathan that he had to openly buhari.

Then buhari..... another story. Many had confidence in him including myself. We trusted him to be frugal and have the ability to tame corruption but he disappointed.

The problem of OBJ is that he thinks too highly of himself. He believes that he is the best leader that Nigeria will ever have.

1 Like

ArcSEMPECJ(m): 1:14am On Oct 26, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I Dansuki
I Stella Oduah bullet proof cars

Ngozi Okonjo couldnt for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history

If we should skip the era and erase the name of Goodluck whose Government APC evil party and their leaders said #199 to $1 is wrong .....

What should we do to the Government of Tinibu where #1750 is equal to $1

Sometimes I imagine if you all are Robots......

Goodluck yes had his flaws , which no government can boast never had but was able to manage the economy of Nigeria but your Master and TPAin of our time has a problem of not even knowing what to do only saying it is his turn even while sleeping.....

Pls go get a life...imagine you saying nonsense about Goodluck and feeling happy about Tinubu....

Is it not the practice of witchcraft?

1 Like 1 Share

toprealman: 1:15am On Oct 26, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I Dansuki
I Stella Oduah bullet proof cars

Ngozi Okonjo couldnt for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
And your Tinubu did what exactly?
jogojogo: 1:19am On Oct 26, 2024
Smithkafors:
When they are busy electing illiterates and corrupt entities calling it wisdom.

Which educated person will go and queue to vote Buhari and Tinubu if no tribalism. We are learning the hard way now.
Are you more educated than these men?
Your writings gave a loud expression. Prof prof
BeeNG3: 1:27am On Oct 26, 2024
No be U train them!
BeeNG3: 1:29am On Oct 26, 2024
EmperorCaesar:
cheesy

Thats because GEJ was one of the few Presidents that ruled us after you

Jonathan was shit...Under him, billions was wasted for no just cause

I Dansuki
I Stella Oduah bullet proof cars

Ngozi Okonjo couldnt for the missing $20m under her

GEJ oversaw the most corrupt practices ever in Nigerian history. The biggest heists too

We should skip his era and erase his name from our history
💕
mobbimagz: 1:50am On Oct 26, 2024
All of this is rubbish talk!!!
Jonathan this, Jonathan that!
Buhari was a saint abi. Rubbish!!!
The corruption in Buhari's govt was a saints corruption. Because Goodluck is the devil that personified corruption.
All the looting that took place under Buhari and Tinubu is a saints corruption.
RUBBISH!!!
mushroomFarm: 1:57am On Oct 26, 2024
Olatunji1929:
you are mad
His mom and dad included. Some people never learn just see the nonsense he wrote...

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