Nigeria to Probe Alleged Misuse of Reserves
The House of Representatives has set-up a committee to investigate into alleged squandering of U.S.$67 billion of foreign reserves and excess crude account by the governments of President Goodluck Jonathan and former president Umaru Yar'Adua.
VIDEO: Reps To Probe Ezekwesili's Allegation
The House of Representatives has mandated its committees on Finance and Appropriation to investigate allegations and counter allegations by the ... see more »
InFocus
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The Presidency has refused to join the former World Bank Vice President for Africa, Oby Ezekwesili, in a national debate over the spending of the foreign reserves funds, accusing ... Read more »
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Former vice president of the World Bank, Oby Ezekwesili, says that U.S.$67 billion in foreign reserve and excess crude accounts were squandered by the governments of President ... Read more »
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I'm for democracy, but when a country is premature for it, then the so called "democratic system" must be well managed internally, without all corrupt backed policies from most of the western countries. I knew right from the start that, removing President Obasanjo from the government was a grievous mistake from the Nigerian people. After all, that we suffered from the military and previous political leaders of the country we remain so naive to criminal political intrigues. In 8 years President Obasanjo did what the Nigerian state could not do in more than 20 years. If he were to be in power, by now, we could have been talking about 150 billion of foreign reserve, instead of new debt that we incur now, while treasure looting continues. Even the Nigerian Parliament of today is also very selfish and dishonest, because the salaries and allowances they pay themselves, are at the expense of our development and the deepening poverty among our fast growing population. In the first place, a close study shows that many parts of our present constitution were design for looters and embezzlers to keep their fists tight on our treasure. Most of these people should be in jail long ago, but we are still worshiping them as gods everywhere. And even the international community is not helping us either to checkmate their criminal activities. It's a pity that our we are so absentminded, short sighted and inactive civil society while poverty rock, we are easily blind-fooled by cronies.
Every so many decades, we receive news of more "missing" money from that country. $2.8 billion. Now $67 billion. I still maintain, that bloodshed will be the only remedy to this wanton disregard for human welfare, for selfish wants. Some countries had to work hard for that kind of money, and their people are beneficiaries of the result. With that kind of money in circulation, there would be no poor Nigerian. How frustrating!
I'm for democracy, but when a country is premature for it, then the so called "democratic system" must be well managed internally, without all corrupt backed policies from most of the western countries. I knew right from the start that, removing President Obasanjo from the government was a grievous mistake from the Nigerian people. After all, that we suffered from the military and previous political leaders of the country we remain so naive to criminal political intrigues. In 8 years President Obasanjo did what the Nigerian state could not do in more than 20 years. If he were to be in power, by now, we could have been talking about 150 billion of foreign reserve, instead of new debt that we incur now, while treasure looting continues. Even the Nigerian Parliament of today is also very selfish and dishonest, because the salaries and allowances they pay themselves, are at the expense of our development and the deepening poverty among our fast growing population. In the first place, a close study shows that many parts of our present constitution were design for looters and embezzlers to keep their fists tight on our treasure. Most of these people should be in jail long ago, but we are still worshiping them as gods everywhere. And even the international community is not helping us either to checkmate their criminal activities. It's a pity that our we are so absentminded, short sighted and inactive civil society while poverty rock, we are easily blind-fooled by cronies.
I'm for democracy, but when a country is premature for it, then the so called "democratic system" must be well managed internally, without all corrupt backed policies from most of the western countries. I knew right from the start that, removing President Obasanjo from the government was a grievous mistake from the Nigerian people. After all, that we suffered from the military and previous political leaders of the country we remain so naive to criminal political intrigues. In 8 years President Obasanjo did what the Nigerian state could not do in more than 20 years. If he were to be in power, by now, we could have been talking about 150 billion of foreign reserve, instead of new debt that we incur now, while treasure looting continues. Even the Nigerian Parliament of today is also very selfish and dishonest, because the salaries and allowances they pay themselves, are at the expense of our development and the deepening poverty among our fast growing population. In the first place, a close study shows that many parts of our present constitution were design for looters and embezzlers to keep their fists tight on our treasure. Most of these people should be in jail long ago, but we are still worshiping them as gods everywhere. And even the international community is not helping us either to checkmate their criminal activities. It's a pity that our we are so absentminded, short sighted and inactive civil society while poverty rock, we are easily blind-fooled by cronies.
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