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Wednesday, 29 April 2015

Latest Commentary of the 'missing' $20 billion

'...the biggest expense in the accounting of the ‘missing’ $20bn is the petrol and kerosene subsidy at $8.7bn. Of this amount, NNPC claimed to have spent $3.38bn on kerosene subsidy. Yet, whether or not subsidy should have been paid was doubtful in the first place.'



http://aguntasolo.com/2015/04/29/this-yam-this-goat-this-country-part-1/

Understanding the PWC Audit Report through Diagram



Tuesday, 28 April 2015

Supporting the Children of Chibok...



Dear Friends,

I wish to update you on the latest regarding the fate of displaced children in the North East of Nigeria. We are grateful that a lot more families are now returning to their homes, but there, their plight remains desperate and they continue to encounter the horror of utter devastation in their lives and desecration of their properties.  

The reality is that so many of the returnees face none or a total depletion of their sources of income and yet their children need to be educated and supported. It is therefore necessary to review and change our emphasis to sponsoring these children through their secondary school education for a period of 6 years.  On reflection we believe this is a sustainable and worthwhile investment in their lives.

If you are considering what role you might play or the implication of the intervention we are considering, please consider the following: 

It will cost 12,000 naira a year, 40 pounds or about  60 dollars a year to educate a child through secondary school. Whatever support we receive in the first instance will focus on Chibok. The intent is to visit it very soon to assess the potential beneficiaries and establish links with their parents.  However, more funds are required.  Thankfully, we already have 50 pounds a month to which we are grateful. 

The aim is to ensure every child that benefits is directly linked to donors so we can follow their progress through secondary school. The cost of administration (travel) which is about 3,000 naira per child has already been calculated in what is required.

Please pray along or support in anyway you can, we know we can make the much needed difference...

Monday, 27 April 2015

Executive Summary NNPC Audit Report….


2.1. Summary Findings

Based on the work conducted by our team from the commencement of this mandate up until 29 January 2015, our conclusions are as follows;
  •   Total gross revenues generated from FGN crude oil liftings was $69.34bn and NOT $67 billion as earlier stated by the Reconciliation Committee for the period from January 2012 to July 2013.
  •   Total cash remitted into the Federation accounts in relation to crude oil liftings was $50.81bn and NOT $47bn as earlier stated by the Reconciliation Committee for the period from January 2012 to July 2013.
  •   NNPC has provided information on the difference leading to a potential excess remittance of $0.74 billion (without considering expected remittances from NPDC). Other indirect costs of $2.81billion which were not part of the submission to the Senate Committee hearing have been defrayed to arrive at this position.
  •   The resulting potential excess remittance indicates that the Corporation operates an unsustainable model. Forty six percent (46%) of proceeds of domestic crude oil revenues for the review period was spent on operations and subsidies. The Corporation is unable to sustain monthly remittances to the Federation Account Allocation Committee (FAAC), and also meet its operational costs entirely from the proceeds of domestic crude oil revenues, and have had to incur third party liabilities to bridge the funding gap. Furthermore, the review period recorded international crude oil prices averaging $122.5 per barrel (Average Platts prices for 2012). As at the time of concluding this report, international crude oil prices average about $46.07 per barrel2, which is about sixty two percent (62%) reduction when compared to the crude oil prices for the review period. If the NNPC overhead costs and subsidies are maintained (assuming crude oil production volumes are maintained), the corporation may have to exhaust all the proceeds of domestic crude oil sales, and may still require third party liabilities to meet costs of operations and subsidies, and may not be able to make any remittances to FAAC.
  •   We therefore recommend that the NNPC model of operation must be urgently reviewed and restructured, as the current model which has been in operation since the creation corporation cannot be sustained.
  •   The report reflects the fact that $3.38 billion was spent on DPK subsidy for the review period. We also confirmed using third party vessel tracking platforms that all vessels carrying NNPC cargoes arrived in Nigeria within the periods disclosed by PPPRA.
  •   A major consideration centers on the ownership of oil and gas assets controlled by NPDC. Subject to additional information being provided, we estimate that the NNPC and NPDC should refund to the Federation Account a minimum of $1.48billion as summarised in the next page.
  •   A determination is required as to whether all or a portion of 'other costs not directly attributable to crude oil operations can be defrayed by NNPC. 

Saturday, 18 April 2015

Bayelsa Governor Dickson, And His Thugs Attack A Sitting Court

Daura: Simplicity, Contentment redefined in Buhari’s abode


on    /   in Special Report 7:12 am   /   Comments
By Levinus Nwabughiogu
Hardly will anyone argue that the contemporary Nigerian society is not such that is riddled with avarice and corruption.
Both the public and private sectors of the economy stink with stench of clandestine criminal activities. From the office of Local Government Councillor to the exalted office of nation’s President, looting of public treasury stands tall.
The evidence: Palatial houses, private jets, exotic cars, countless Chieftaincy titles, flamboyant foreign trips, properties at home and abroad, the list goes endlessly. In fact, it could be a taboo to occupy and exit office without embezzling public funds. But in the midst of all these, there is a Nigerian whose integrity resonates even with tearful testimonials. He is General Mohammadu Buhari. From east to west, north to south, he stands assuredly different from among folks.
Buhari meeeting speaking  Journalists  at his Dura home
Buhari meeeting speaking Journalists  at his Dura home
He has occupied many exalted offices within the political hemisphere of Nigeria, yet available records show he did not selfishly enrich himself. Perhaps, the piece below intrinsically laced up with pictures of the country-side bungalow of Buhari in Daura, Katsina State tells the story more.
Getting a clearer shot of the building was a Herculean task. This is because which ever direction you chose to face, there was a piece of nature looking at you. Right from the main, and I think, the only entrance gate to the compound, nature stood, providing shade and convivial serenity that can only make one to appreciate God.
They stood, the trees and flowers of all kinds, heralding an environment that exudes grace, peace and love. And you cannot but also appreciate the different tunes of melodious sounds delivered by different birds that had nestle and periodically perch on top of the trees.
Outside the compound also is a tank that supplies water to the people of the area. The Almajiris, the telekawas, young and old gather to drink water. People say he is a man  filled with benevolence toward his fellow creatures.
Though there’s the presence of security men both in uniform and plain clothes, apparently because of his new status, movement around the vicinity does not appear discernibly restricted. And so, people mill around.
If such is the case when he is around, one can only imagine how freer one could be to walk around the area without restriction when he is away. But I wonder if anyone ever goes there unless he is around because, his presence is such that magnates crowds who always hail and cheer him.
Of course, many in his garb would have chosen to line up buildings, carve out special territories and then fortify them with motley of stern-looking security operatives that would bar people around the area, but that is not the case with him. Instead, he chooses to be close to nature in a bungalow that provides shelter for him and his family. Yes, a modest bungalo. Nothing extraordinary. Just a bungalo close to nature.
And that’s the abode of a man who was once a minister of Petroleum, a governor and once a Head Of State. That paints a good picture of Nigeria’s President-elect. That, alone, sends a signal.
Meeting with Journalists 
It was in this natural setting, directly under the shade of a tree that he interacted with Journalists on two occasions. First on March 28 and and second on April 11, 2015.
Unlike most censored executive chats, these meetings exclusively featured off-the-scripts chats with questions emanating from all angles on the contemporary social and political issues.
For one, Journalists felt at home savoring the drinks, including fura du nunu and Kunu (locally made milky juices) that were presented to them after the hectic work of monitoring and covering the presidential/National assembly; Governorship/State assembly elections respectively. The chat was later to culminate into memorable snapshots with the host.
Offices held 
With the help of hindsight, this simplistically-defined man is not just an ordinarily Nigerian. He rose from being a General Officer Commanding (GOC) a division in the Nigerian army to becoming a military governor of the Northeastern region consisting of today’s Adamawa,Gombe, Bauchi, Yobe, Borno and Taraba States down to a Federal Commissioner (position now called Minister) for Petroleum and Natural Resources in 1976. In December, 1983, he became Nigeria’s 7th Head of State.
That’s not all. He also served as the Chairman of the Petroleum Trust Fund (PTF), a body created by the government of General  Sani Abacha, and funded from the revenue generated by the increase in price of petroleum products, to pursue developmental projects around the country.
In all of those privileges, the man still chooses not to convert his home town, Daura in Katsina State to his personal estate with skyscrapers and intimidating edifices benefiting his elongated profile.  Yet he preaches against corruption and self aggrandizement.
But in a manner that can only be adjudged mysterious after three consecutively failed attempts in the past, his “chi” has rewarded him. On March 28, 2015, Nigerians trooped out enmasse and voted him the next president of the Federal Republic of Nigeria. This all-important man is not hidden. His name is Mohammadu Buhari, a retired Major-General from the once prestigious Nigerian Army.
His words, his bond 
Leaning on his hard earned integrity, Buhari during his campaign told Nigerians that if elected president, he would declare his assets and also encourage his lieutenants to do so even as he stated  that all the political appointees would only earn salaries and allowances prescribed by the Revenue and Mobilization and Fiscal Allocation Commission, RMFAC.  This he said in a pamphlet titled “I Pledge to Nigeria”.
Buhari meeeting speaking  Journalists  at his Dura home
Buhari meeeting speaking Journalists at his Dura home
He said: “I pledge to publicly declare my assets and liabilities, encourage all my appointees to publicly declare their assets and liabilities as a pre-condition for appointment.  All political appointees will only earn the salaries and allowances determined by the RMFAC.”
With the elections won, one would think that Buhari would repudiate his own vow, but no. When reminded, he went down memory lane, chronicling the failures of successive governments at implementing that aspect of the constitution.
“I made a statement which has not been correctly captured by the media. I said that our generation, from Murtala, late Murtala made sure that those who had appointments must declare their assets and this was later articulated in the constitution. It is up to government to make sure that those who borrow money to build a house and end up with another house somewhere else with 50 bedrooms and 20 living rooms should explain to Nigerians how they got the money.
“I could recall that I declared my assets three times. The first time
was when I got my first political appointment as Governor of Borno state; secondly, when I was leaving government to go to the United States War College. I declared my assets then because I was closing my political chapter then technically. I could recall that Gen. Jemibewon was the Adjutant General of the Nigerian army then. I had to declare my asset, deposit it there to be taken to court before I was allowed to proceed to the United States for my course.
“The third one was when I became Head of State. From General Obasanjo down till now, those of us that were in the Supreme Military Council, Council of States, Executive Council and even those who were Permanent Secretaries, at the time we got our appointment, the courts should be made to produce our declarations. So, all this noise about people being rich and nobody is saying anything about it, why can’t you prick the conscience of the existing government or are some of you part of the cover up?”
He was telling journalists this in his Daura residence last Saturday.
Still relying on the sidelines of integrity, he also reportedly told Nigerians that he would not recognize the office of the First Lady when voted into office. This he stated on the basis that the office is not constitutionally recognized. But hardly had he made this comment than a deluge of reactions trailed it, prompting his wife, Aisha to concoct some euphemistic landing for him.
She said:   “When my husband is elected as the president of this country, he will rule the country within the rule of law based on the constitution of the country. If the office of the first lady is constitutionally recognized, he will not tamper with it but if it is not that’s okay.
“For me I will perform my duties and role as the wife of the President of Nigeria traditionally. Wives of presidents have some traditional roles, like receiving guests, visiting orphanages, helping the less privileged people.”
On the heels of Buhari’s election as president, some eminent Nigerians spoke to Vanguard on the man. Apart from laudable testimonials about his person, one would obviously notice that Buhari is also a jolly good fellow as against his perceived unfriendly stance.
You can always bank on Buhari’s word — Comrade Adams Oshiomhole, Edo State Governor
“I don’t think I am in the best position to answer this position but from my interactions with him, I think he is deeply concerned about Nigeria. Like he said in one of his interactions that people asked why wouldn’t he rest. If you care about this country, you can’t   afford to rest when you see everything collapsing and people who fought to keep Nigeria one, they had dreams about what a large country can do not only for our people but for the continent.
“So, he has deep passion for our country. But he is also a very warm person. I don’t think that aspect is known to many and I can tell you that he has a very rich sense of humor.  He wouldn’t talk too much the way some of us do but in the few words that he would share, you will see that they are loaded with wisdom. And he also believes that action should speak louder than words. And I am sure many people have increasingly come to see in the course of the electioneering campaign that he is a very happy family man. I don’t think many people know about this aspect.
“I think that Nigeria should expect a president that we can be proud of this time around. When he gives you his word, you can bank on it.
That is important. He has the liver to make decision and the clarity as to where Nigeria should go and the will to get things done and provide leadership necessary to drive radical changes.”
We want Buhari to be a Nigerian leader, not a regional leader —Aminu Bello Masari, Former Speaker, House of Representatives and Governor-Elect, Katsina State

“We are not meeting with Buhari on the platform of political party alone. We have a long standing relationship and now, we have a political relationship.
That Buhari is from Katsina state for us, is a plus and that plus depends on how we manage it. We want Buhari to be a Nigerian leader. We don’t want Buhari to be a regional, zonal or provincial leader.
“We want him to be a Nigerian leader that will leave a legacy of positive contribution to this country and that is the basis on which people elected him.
So, we will help him to maintain and improve on those qualities which the people of Nigeria see in him. We will never do anything that will tarnish his image, his reputation or his standing internationally and nationally. So, for us, Buhari is plus. When we go somewhere and say I am from Katsina, we want the doors to be open. So for us, it is a plus.”
Money is not everything, integrity is —Engr. Mustapha Bukar, Katsina North Senator-Elect
“His credentials speak for themselves and so, I don’t think that it is necessary to continue to hammer on that.
He has said it many times and everybody knows the positions he has held in this country. He told the world at the National Convention where he emerged as candidate that he has no money and it was based on his ideals that he was able to get the ticket of APC.
“So, the issue of corruption is real and everybody knows that in Nigeria, most of the institutions are not working.
Buhari
Buhari
They are not working because the system that is supposed to be in place to make them work is not being respected. If you don’t follow due process and the rules, it will be very difficult to get anything moving. So, it is like a moving train that is slowing down. I am sure that he will find the strength with the support of all Nigerians to get that train moving once again.
Last line
To him, a new era has begun. Old things had passed away and all things would be made new from  May 29.
For man of 72 years old who had occupied various exalted public offices in the past before now, no manner of enticement, pecks or paraphernalia of office may make him veer off the pathway of discipline and integrity. What this means is that Nigerians would just have to embrace change from the old, crude, criminal ways to the era of discipline and patriotism. Failure of this, may take some to a dungeon for Buhari may not comprise his hard earned integrity. But then, the whole world is watching.

- See more at: http://www.vanguardngr.com/2015/04/daura-simplicity-contentment-redefined-in-buharis-abode/#sthash.TNmuFouo.A5v0rDuQ.dpuf

Monday, 13 April 2015

THE NIGERIAN FRONT: A Government of All Talents By Olu O Ojedokun


THE NIGERIAN FRONT: A Government of All Talents By Olu O Ojedokun 

Today we of ‘The Nigerian Front’ wish to weigh in and join the cacophony of voices trying to catch the attention of Mr. President-Elect.   It is doubtful that this will get to him but we write in the hope that someone, somewhere close to the decision-making nexus of government may hear and catch a glimpse. 

Four years ago we trod down this same path when we issued paper after paper in quick succession to the incoming government of Goodluck Jonathan.  We wrote not for the sake of the pen we held, we spoke not because of the voice we possessed, but we were compelled by the love we have for our nation and our desire and will to make that government the most successful of our generation.  We failed at that time, but today we are presented with another opportunity to speak truth to power to the incoming government. Maybe this time we might succeed.

This government faces challenges on so many fronts, we therefore believe that patriotic Nigerians must remain engaged with the government at all levels to ensure that it succeeds where others have failed. While the chattering classes are pre-occupied with their own ambitions, inhibitions and anxieties, we wish to restate with uttermost confidence:

That we of ‘The Nigerian Front’ are bound together, not by filthily lucre, temporary political advantage, electoral opportunism or posturing but by deeply held ties, which were nurtured in our classrooms in our early youth, where we learnt to cherish chivalry and truth.  We have over the years learnt to pull together each one with the rest, playing up and striving each to do his best.  Therefore, whatever, the context that may be presented today, we are here to stay as a permanent fixture on the firmament and shall not fizzle out.

Therefore as the President-Elect considers the composition of his government, we urge him to flee from the usual inclination to interpret this prerogative simply as one of patronage, limited to rewarding personal loyalty, settling of political debts and accumulating political capital.   We urge Mr. President-Elect not to waste this opportunity to make a break with the past and chart a new course for our nation.  We cannot, as a serious nation, be seen to reward incompetence and mis-governance nor can we recycle failed politicians and persons of dubious pedigree all in the name of settling party debts or cementing party unity.  Mr. President and indeed the incoming National Assembly should insist that any politician or individual with questionable antecedents must render due account before being entrusted with public office again.  The discredited Senate ritual of ‘bow and leave’ must be consigned into the waste bin and proper scrutiny must be undertaken.

The President-Elect must use the goodwill he currently enjoys to forge a government that will make a difference in the lives of Nigerian citizens.  We urge him to choose only the most capable and honest Nigerians as ministers and advisers and his choice must not be limited by the membership of any political party but must take into account the fact that some of the best and brightest of our people now live beyond our shores.

The new cabinet must reflect the many patriotic technocrats and the quiet achievers who have remained at home, steadfast and committed, holding together the fraying fabrics of our society against all odds. 

Therefore the government constructed from this process must be built to deliver good governance over the next four years.  It must be composed of good men and women who are able to contribute their energies in a new spirit of public service to make our nation what it should be.

The President needs to be aware of the political reality that a government with a four-year term barely has a 24-month window of opportunity to make its mark.  The rest of the term would be used up political maneuvering and running for elections.

We also suggest that the President-Elect appoints and ensures that his Chief of Staff is capable of being trusted with enough clout and gravitas to control access to his office and knock heads together.  The office must be pivotal in ensuring actions of the Presidential staff are overseen, the President's schedule is managed and decisions upon access to the President are made efficiently and effectively, so that this term of office is focused on delivery from day one. 

This is not a time to reside on the sidelines or to adopt ‘siddon look’ posture, we urge the electorate to write directly to the President-Elect, through the social media or alternative means with names of men and women who you feel can be worthy of a government of all talents and also to petition to the National Assembly against any dubious appointments that may fall through the cracks.

Dr. Olu Ojedokun writes on behalf of The Nigerian Front.


Friday, 3 April 2015

Lufthansa….?



This is the experience of a friend of mine with Luftansa please share widely…..

'I strongly advise that anyone travelling out of Nigeria in the near future should steer clear of Lufthansa. My son had the misfortune of being booked on a Lufthansa flight on March 30. One hour after they checked in at PH Int. Airport they were told the flight had been cancelled. It took them more than 2 hours to transport them to a nearby hotel and after mid night before they were able to get a meal at the hotel!!!

All their belongings had been checked in so he had no change of under wear or toiletries they were given one TINY tablet of soap and a reel of toilet roll. The 'shop' in the hotel was closed so there was no where for him to buy a toothpaste or a toothbrush.

On the 31st I went to meet him at the hotel as at 2pm he hadn't had any meal. He tried to order a drink and was told by the bar attendant that lufthansa given orders that no one should be given anything other than water.

I had to go out and buy him some snacks a toothbrush and toothpaste!!! He eventually got a meal and by 4pm they were taken back to the airport but they didn't take off until 12 mid night. 

Mean while Lufthansa had provided only ONE meal for them in 24 hours and naturally he had missed his connecting flight from Frankfurt to Heathrow……'

I have been advised by another very good friend of mine that:

'Anyway, the law is on your friend's side. Under EU law, the airline MUST provide alternative flights to the passenger's final destination. In addition, the airline is liable for up to €600 Euros in compensation claims per passenger for this delay.

Many people are not aware of this law, so they spend time complaining instead of claiming.
There are simple forms on the websites of all EU carriers for making this claim. 
Let me know if they encounter any challenge getting the compensation.'