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Democracy or Kleptocracy? See the Trillions stolen in the last 17yrs

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  Over N39tn lost in the country’s economy, crude oil theft, official corruption and electoral campaign funding were responsible for a larger percentage of the loss. The exchange rate of N130 to a dollar was used in the conversion of funds under the Obasanjo-led administration while N150 was adopted for those under the Jonathan-led administration, being the average official rates during the tenures. N3tn – NNPC, NPDC unremitted funds Former Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, now the Emir of Kano, Alhaji Muhammadu Sanusi II, had written former President Goodluck Jonathan, accusing the Nigeria National Petroleum Corporation of failing to account for $49bn revenue, which should have been remitted to the Federation Account. He recently said the corporation could only account for $29bn of the ‘missing’ fund. He said some oil companies paid taxes and royalties in oil, and the NNPC sold this oil on behalf of FIRS. “No reasonable explanation for $20bn (NNPC);...
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Amaechi hits back at Wike

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  The former Minister of Transportation, Rotimi Amaechi, has stated that he will not stoop to the level of a child by exchanging insults with the Minister of the Federal Capital Territory, Nyesom Wike. This response came after Wike mocked the former Rivers State governor, alleging that Amaechi was not hungry for food, as claimed in his 60th birthday speech, but rather for power. Wike said, “We have no time to listen to nonsense in Nigeria. I don’t understand why a man like Amaechi would choose his 60th birthday to lie to Nigerians about being hungry. “He was Speaker from 1999 to 2007, Governor from 2007 to 2015, and Minister from 2015 to 2023. He never spoke about hunger during those years. “Now they are regrouping. They are only hungry for power. This shows his failure. How can you trivialise the issue of hunger? He joined Atiku and claimed hunger. He cannot stay out of power. From 1999 to 2023, Amaechi stood before Nigerians and claimed hunger. He was a former governor who couldn...
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