Vanguard (Lagos)
28 Août 2008
THE Economic and Financial Crime Commission (EFCC), vowed yesterday to investigate the N1.5 trillion funds released by the Federal Government to revamp the power sector but has not been paid into government coffers even though it was not spent.
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Dimeji, since when was it the govt's standard operating procedure requiring Ministries to return their unspent fund back to the federal coffers? To the best of my knowledge, this SOP began only last year (2007) under Yar.
Then why request account thru 1999 or better yet, why limit your probe to that period of Nigeria's new dispensation (when a semblance of good governance began with the advent of OBJ)? Even if we assume that your motive is fair & reasonable, perhaps you could tell us where the payment of the $18 Billion of national debt came from? While you are at it perhaps you could tell us how $36 Billion national debt that we recently exited from the Paris Club, was spent and by whom since 1980?
Moreover, what do the administrations of Shagari, Buhari, Babangida, Shonekan (6-month allowance), Abacha & Abubakar (6-month allowance)got to show for how $36 Billion dollars (about 5 Trillion Naira at 1999 USD/Naira exchage rate)were spent in 18 years? That is about $2Billion per year (let me give you a hint - if Abacha alone pocketed about $5B of that sum (If 1.7 Trillion Naira equals about $12.1 Biilion when a dollar exchange for 140 Naira in 1999, then how much, in Naira please, did Abacha alone stole? Now do the rest of the math to see how much the other 5 "rulers" stole or couldn't accout for.
This so-called probe began with the courts, then Bankole (the Tonto of the North) took over and now the EFCC. What a bunch of jokers. If 2 branches of govt that is supposed to be "talented" group (Congress & Courts) couldn't make head or tail of the so called probe - can't even audit a mere NNPC corporate acounts, then how can we believe anything that comes out of these institutions but shakabula!!!
One wonders if there is no laid down procedure to have been followed by the ministries. If any procedure was violated,one would expect the speaker to go deeper into details as to why this occured to pin down the motive without the seeming inuendoes in which he is trying to engage in. The speaker seems to have limited his search for faults to the period of the last administration giving the impression that all administrations before the last are clean. In this regard, the speaker might be one of the errant boys of the corrupt politicians in the country. What seems to be happening is that the players in this administration have not, despite all the FUNNY PROBES, been able to link Obasanjo and members of the previous administration with embezzling one kobo of the state and so, since there is no accountability as how the time is spent by people like trhe speaker, they take the magnifying glass to search for their VERY SUBJECTIVE GUIDING PHRASE "breach of due process" that will give them the satisfaction that THEY CAN NAIL THEM DOWN SOMEHOW AT LEAST. This shows the level leaders that have been responsible for the state of the country in the last 48 years. Its garbage in garbage out. THE WORLD IS WATCHING!