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Friday, 28 August 2015

EXPOSING THE WICKEDNESS OF CORRUPTION:- TY Danjuma`s Oil Wells & The Murmuring Of Nigerians


Theophilus Danjuma is not a person the Biafran people will forget in a hurry. He supervised the brutal killing of GeneralAguiyi Ironsi, the first military head of state of Nigeria. He was among the troops that invaded the 
Biafran territory during the civil war and was fabled to be heartless in the discharge of his duties towards Nigeria.
Theophilus Danjuma became a general in the Nigerian Army and it was said that he convinced Obasanjo to become Nigeria’s head of State after the assassination of fellow Biafran killer man, General Murtala Mohammed in 1976.
During the Obasanjo recycling presidential jamboree, Danjuma posited that if Obasanjo fails to win the 1999 presidential election, he will run away from Nigeria. Obasanjo won the election and rewarded him with the post of Minister for Defence and charged him with dismantling the military structure capable of truncating his democracy.
The sharing of national cake of oil block to PDP party men in the most non transparent manner is one of the  fallout of the Nigerian brand of dictatorial democracy. Oil blocks worth about $2billion dollars auction value could be sold to a party faithful for as low as $500million dollars  .The facilitators share the difference  between the auction value and the real value among themselves  in the ratio of 50:50. Or 60:40 in favor of the awarder, the facilitator or the government middleman who could be fronting for the strongman  in the state house..
Theophilus Danjuma  got his on a platter of gold. Late Head of State  Sani Abacha awarded the Oil Prospecting License (OPL) 246 to SAPETRO in February 1988. The block covers a total area of 2,590 square kilometers .SAPETRO partnered with Total Upstream Nigeria (TUPNI) and Brasoil Oil Services Company Limited (Petrobas) to start prospecting on OPL246.  Akpo, a condensate field was discovered in April 2000 with drilling commencing in 2001. In 2006 Danjuma divested his investment in Akpo oil field to China National Offshore Oil Corporation (CNOOC) for $1Billion dollars .However, Danjuma still had some conscience left in him. He paid tax of $500million dollars to the Nigerian state and had about $500 million dollars remaining. He then released $100 million dollars to the Nigerian people in the form of foundation for social responsibility projects. This sum as  paltry as it seems is better than nothing. General Danjuma should do well to bring out more for the impoverished Nigerians.
This is where this former Biafran killer man towered above his fellow oil block commandeers. There are so many Nigerians from all the six geopolitical zones who have oil blocks. They include former presidents, former governors, former ministers, party chieftains, friends of government, serving and retired military officers especially service chiefs etc .To date there is no record of what they did with the proceeds of their oil blocks. They are building more estates, more refineries, factories etc outside the shores of Nigeria, especially Europe, America and the Middle East and recently South Africa. The rest of their proceeds they use to purchase INEC officials, impose candidates on the electorates, rig elections and throw fabulous victory dance and thanksgiving services. Others engage in frivolous constant reburials of long dead ones, constant acquisition of new wives, concubines , jets, private mansions all to the mockery of impoverished and ‘ancestrally cursed‘ fellow countrymen.
If all the people who cornered the nation’s resources in the name of oil blocks decide to bring twenty percent of their loot, the nation could raise about $40 billion dollars in a week. This amount translates to N6trillion naira, which is more than the entire Nigerian budget of $31 billion dollars for 2012.
How can a few set of Nigerians be so heartless, wicked and insensitive to the hungry faces around them that they  cannot device a veritable means of giving back to the impoverished  suffering ‘son of a bitch ‘countrymen what they obtained through processes that is far from transparent, it is shortof being called fraudulent. Danjuma received knocks when he announced what he did with his own commandeered resource. Nigerians called him a thief, but if Danjuma is a thief, what of the others who sat on their own oil proceeds never considered returning any back to the people. A friend of government who owns oil block took a young girl friend to Dubai in 2010 and gave her a gift of $1million dollars just to prove his everlasting love for the nagging babe. That is the kind of expenditure they do with their oil loot.
A lot of Nigerians have died in hospitals because they cannot pay medical bills, others have taken to robbery because they cannot see any gainful thing to do while another group takes to prostitution to raise money to pay school fees. Others are seeking for academic sponsors for educational improvement but cannot find. The list is endless and there is frustration palpable everywhere in Nigeria, yet a few Nigerians are so insensitive that they cannot surrender part of their loot back to the Nigerian masses from which they fraudulently commandeered their resources.
Danjuma had the  conscience to surrender a part of what belongs to Nigeria which Obasanjo gave him when they were sharing the never ending national cake. Others should follow suit. They should repatriate these loots back home and use them to establish affordable universities, hospital services and other ventures capable of reducing frustrations on the streets. Others should equally build roads in their villages, provide transformers, pipe borne water for communities across Nigeria. There is equally need for scholarships for indigent students, sponsoring medical trips for acid victims and other traumatic and life threatening victims.. Some could fund sports and build sporting facilities for recreational and sports development purposes. Others could   sponsor activities that brings up talents in the people. The list is endless. Farmers need to be given free or highly subsidized fertilizers; seedlings and storage facilities need to be built.
These oil block commandeers should as a matter of urgency borrow a leaf from  Theophilus Danjuma , repent from insensitivity and take urgent steps to give back to the impoverished, frustrated Nigerians what they collected through the back door. Failure to do so and urgently too, a time will come when even God will engineer the people against them and there will be no end to their calamities.

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Thursday, 27 August 2015

NATIONAL ASSEMBLY ISSUES:-House Summons CBN Governor Over Ban on Foreign Currency Deposits


The House of Representatives on Tuesday 11th August, 2015 summoned the Governor of the Central Bank of Nigeria, Godwin Emefiele, to explain the recent policy directing commercial banks to reject foreign currency deposits.
This followed the unanimous adoption of a motion under Matters of Urgent Public Importance sponsored by Hon. Emmanuel Ekon representing Abak/Etim Ekpo/Ika of Akwa-Ibom State.

Hon. Ekon said, though the CBN Act of 2007 confers the bank with the power to devise suitable mechanism for the exchange of the Naira periodically, Nigerians need to understand the merits of the policy.
“Though the policy may have both short and long term economic benefits for the country, Nigerians do not have any explanation from the CBN on the merits or otherwise of the said policy.
“The apex bank has not created avenues to address the fears of parents wishing to remit money for their children’s education or manufacturers placing orders for goods abroad.
“The explanation of the said policy to members of this House by the Governor of the Central Bank will enable us to disseminate the information to our respective constituents”, Hon. Ekon said.

The lawmaker further explained that if the CBN fails to sensitise Nigerians, the policy might become counterproductive as it appeared to have been misunderstood already by the public.
“There are lots of panic within the economy as we speak.
“People don’t know what becomes of their businesses which largely depend on foreign exchange for transaction”.

“There is need for the CBN to carry out adequate sensitisation of the public regarding this policy by way of explaining the policy and its benefits, otherwise, the nation’s economy may suffer for it”.
Also, Hon. Chris Azubogu representing Nnewi North South/Ekwusigo of Anambra State said Nigerians needed to be properly informed and educated about the policy.
He said “when we get better explanations, people will know what it is all about.
“Also, bank customers will know the limit of borrowing and take into cognisance the need to prepare their minds for what they want to embark on”, Hon. Azubogu said.

The Deputy Whip of the House, Hon.Pally Iriase representing Owan West of Edo State, also expressed his support for the motion. He said “domiciliary account is one asset that a country that does not have a viable foreign exchange market uses to transact business abroad.
“We should be able to sit down with the CBN to find out what it has done with this policy so we can make informed decisions”, Hon. Iriase said.

The Speaker of the House, Rt. Hon.Yakubu Dogara, in his ruling, stressed the need for interaction with the bank’s management for the purpose of informing Nigerians. He said “As we speak, there is serious confusion out there. “The reason for allowing the presentation of this motion is that we all have to be sensitised on what the CBN is doing”.

The motion was thereafter unanimously adopted by the House.

BREAKING NEWS:-President Muhammadu Buhari has approved the following appointments:




President Muhammadu Buhari has approved the following appointments:
Babachir David Lawal – Secretary to the Government of the Federation
Abba Kyari – Chief of Staff to the President
Col. Hameed Ibrahim Ali (rtd.) – Comptroller-General, Nigerian Customs Service
Kure Martin Abeshi – Comptroller-General, Nigerian Immigration Service
Senator Ita S.J. Enang – SSA to the President on National Assembly Matters (Senate)
Hon. Suleiman A. Kawu – SSA to the President on National Assembly Matters (House of Representatives)
The appointments are with effect from today, August 27, 2015.
Lawal, the new Secretary to the Government of the Federation hails from Hong Local Government Area, Adamawa State. He graduated from the Ahmadu Bello University, Zaria in 1979 with a Bachelor of Engineering Degree and worked with the Delta Steel Company, Aladja, Nigerian External Telecommunications Limited and Data Sciences Limited before establishing his own ICT and Telecommunications consulting firm in 1990. He is also a member of the Nigeria Computer Society, the Nigeria Society of Engineers and the Council for the Regulation of Engineering in Nigeria.
Abba Kyari, the new Chief of Staff to the President holds Bachelors and Masters Degrees from the University of Cambridge and the University of Warwick in Law and Sociology. He has worked with the New Nigeria Development Company, New Africa Holdings, African International Bank, United Bank for Africa, Unilever, and Mobil in various capacities over the years.
The new Comptroller-General of Customs, Col. Ali, holds Bachelors and Masters Degrees in Criminology. He was military administrator of Kaduna State from 1996 to 1998.
The new Comptroller- General of Immigration, Mr. Abeshi hails from Nasarawa State. He joined the Nigerian Immigration Service in 1989 as an Assistant Comptroller. His educational qualifications include a Masters Degree in Public Administration.
Femi Adesina
Special Adviser to the President
(Media & Publicity)
August 27, 2015