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Author: Eagletale
Views: 335
Replies: 0
“No Problem Can Be Solved From The Same Level of Consciousness That Created It”

Eagletale

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#1
[Image: 4B57221F-5E3A-4F80-B0D2-2070B505ABFD-768x512.jpeg]

That product was a scam, ab initio.

We told you then, there was No Integrity, only Incompetence, Corruption and Bigotry!

Any word that escapes the lips of a leader in a frenzied bid to deceive the people will come back to haunt him. When he said at Chatham house, he was now a “changed” man, those of us who knew the Truth, said he is a The Great Deceiver!

For Buhari, soon or late, will sit down to a banquet of consequences….
He will surely eat from his basket of deplorables…
The consequences of which will haunt him and his equally yoked followers.

Read this report, A Blast From The Past you should Never have Ignored!

Report: Obasanjo’s panel indicted companies contracted by PTF under Buhari’s leadership
Posted By TheScoop
Thisday newspaper has reportedly obtained the original copy of a report by the Petroleum (Special) Trust Fund (PTF) Interim Management Committee, instituted on July 7, 1999 by former President Olusegun Obasanjo.

The PTF was an intervention agency headed by former head of state and current presidential candidate of the All Progressives Congress (APC).

Obasanjo set up the committee to probe the PTF, but its report was never publicly released nor acted upon by the administration. Thisday has however seen a copy of the report.

Even though the report as obtained by the paper, never directly accused Buhari of embezzlement or corruptly enriching himself, it said that there was mismanagement and inflation of contracts by a company which was contracted by the PTF as management and project consultants.

Here’s how Thisday reported the story:

In its summary, the Committee had advised Obasanjo to “set up a high powered judicial panel to recover the huge public fund and to take necessary action against any officer, consultant or contractor whose negligence resulted in this colossal loss of public funds.”

According to the report, the sum of N25,758,532,448 was mismanaged by the Afri-Project Consortium (APC), a company contracted by the PTF as management and project consultant. Buhari as PTF chairman was said to have also “delegated to them the power of Engineer in all appropriate project requiring such power,” which made them assume absolute powers to initiate, approve and execute all projects by the PTF.

The mismanagement that took place in the PTF under Buhari’s watch was said to have been carried out by the APC (the company) in their capacity as management and project consultants. Both their management services fee and budget for several projects carried out during the existence of the PTF were greatly overpriced.

While carrying out its obligations, the Committee made up of Dr. Haroun Adam as Chairman, and Alhaji Abdu Abdurrahim, Mr Achana Gaius Yaro, Edward Eguavoen, Mr. T. Andrew Adegboro and Mr. Baba Goni Machina as members, engaged three management consulting firms to verify all payments made to PTF from inception to September 30, 1999.

On verification, according to the Committee, “it was found that they (the consulting firms) had overcharged PTF for their services to the tune of N2,057,550,062″. Also, while intervening on behalf of the PTF in the road and waterways, education, food, health, and other sectors, the APC, according to the report, inflated all the prices.

For instance, intervention in the health sector, was said to have totalled N9 billion. Projects in this sector were said to have been executed by the APC and PTF in-house staff, and loss of billions of naira were recorded due to price inflation of products and services.

To purchase spectacle frames, which could have been done locally at a price between N80 to N880, the APC, under the watch of the PTF chairman, bought them at an inflated price of N1,900 each. Ambulances were said to have been purchased at N13 million per unit, instead of N3 million. And then price inflation of drugs were done to the tune of N1.5 billion.

The report also said that the PTF lost money to the tune of N3.5 billion from its bank account operations. The PTF operated its bank accounts under three different categories: Administration, Project and Treasury accounts, and the loss of money to these accounts were said to have been due to “overcharge on Cost of Turnover (CoT), non-payment of interest on current account balances as stipulated by the Central Bank of Nigeria (CBN), short payment of interest on deposited funds, and other various discrepancies.”

While discharging their duties, the Committee discovered that an average income of N182 billion accrued to the PTF from its inception to the date of filing their report. According to the Committee’s report, the PTF used about 70 per cent of that income on highways and urban road projects.

The report stated further that, “In this project sector there was total variation of contract sums of N68 billion. These variations were not done with properly priced bills of quantities and approved civil contracts procedure as stipulated by government regulations.

“Taking the experience of what has been discovered after verification of various contracts awarded by PTF the minimum potential recovery will be about 15%. This estimated percentage will be about N10 billion. The verification of this project sector was about to take off when the committee members were replaced.”

From one APC ? to another, mid management and embezzlement, trails Mohammadu Buhari….

Hear Amaechi say the same thing but in the manner of Buhari and his mid management corruption, and it didn’t matter which APC it is:
“Three years of Buhari o. People are dying, crying, everybody is crying. Pressmen are crying. Farmers are crying. Workers are crying. Politicians are crying. Students are crying. Three years! Rate of poverty is very high. People are hungry. Nigeria will divide soon.

The president is not listening to anybody. He doesn’t care. You can write what you want to write, president doesn’t care. Does he read?

When Magnus was my SSG, I told him: ‘This country is hopeless and helpless.’ He said: ‘Oga, stop it now..coming from the governor. Don’t be saying that.’ Two months in Abuja he said: ‘Oga, this country is hopeless and helpless.’ I said why. He said: ‘You are right. The only thing they do in Abuja is share money; they don’t work.’”

It has now come to that time in a lifetime to speak truth to power, unapologetically!
It is time Nigerians stopped the continuation of carnage and despair of the last 3 and a half years of Buhari’s hopeless administration.
It is therefore the sacred duty of All Nigerians to ensure that Buhari is voted out of office… To not do this is to willingly commit to Harakiri!

Gboyega Adejumo