Skip to main content

Soludo strikes again, claims additional N8.6 trillion 'stolen' under Okonjo-Iweala

In his last article, former CBN governor, Charles Soludo said that at least N30 trillion of Nigeria's money has 'either been stolen or unaccounted for, or grossly mismanaged over the last few years' under Ngozi Okonjo-Iweala as Finance Minister. He released a statement today saying that money doesn't include about N8.6 trillion the African Union claims is stolen from Nigeria annually. His statement after the cut...



I STAND BY MY STATEMENTS
Chukwuma Charles SOLUDO, CFR
1. My attention has been drawn to statements credited to the Hon. Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, in response to my latest article and call for a structured debate on the issues. According to the report, she no longer wants to join issues with me. In the circumstance of the moment, I therefore withhold parts two and three of my promised three-part response.

2. Let me also state for the avoidance of doubt that I stand by every statement I made in the two articles viz: (1) “Buhari Vs Jonathan: Beyond the Elections”; and (2) “Ngozi Okonjo-Iweala and the Missing Trillions”. In particular, I insist that over N30 trillion has either been stolen or unaccounted for, or grossly mismanaged over the last few years. This figure does not include the estimated $40.9 billion (N8.6 trillion at parallel market exchange rate or nearly two years’ Federal Government budget) which the African Union’s (AU) recent report claims to be “stolen” from Nigeria each year.
3. I wish to thank Nigerians all over the world who have been contributing to this timely debate. This is election time and it is expected that some vested interests will either choose to live in denial or attempt to politicise the issues. But from the debate so far, I am convinced that our economic management won’t be the same again. Once our managers know that the citizens will rigorously and vigorously challenge them to account, the welfare of the citizens will be better for it. Whoever wins has his job cut out for him, and to the extent that this debate has challenged the respective teams to seriously re-examine their blueprints to guarantee the security and prosperity of every Nigerian, my objective is accomplished. I love my country Nigeria, and as I said before, I won’t keep quiet again.
Once more, Nigeria must survive and prosper beyond Buhari or Jonathan!

Comments

Popular posts from this blog

Ever got bad service/ product for your money? well look no further

Do you know your right as a consumer of products and services? Consumer Rights As a consumer, you have the following rights and you must insist on them. The right to Satisfaction of Basic Needs Access to basic goods and services necessary for survival, such as food, water, energy, clothung, shelter, health-care, education and sanitation. Goods and services must meet the standard of quality promised such that there is value for money in the purchase. The Right to Safety Protection from hazardous products, production processes and services. The Right to Information Provision of information enabling informed consumer choice as well as protection from misleading or inaccurate advertising and labeling. The Right to Choose Access to variety of quality products and services at competitive prices. The Right to Redress Compensation for misrepresentation, shoddy goods and unsatisfactory public and private services, including the right to adequate legal represe...

Obasanjo's Plans for ING

Former President Olusegun Obasanjo has set his mind on regime change “by fair or foul means” and is plotting to plunge Nigeria into crisis, presidential spokesman Reuben Abati has said. He was reacting to statements credited to Obasanjo on Saturday that President Goodluck Jonathan was plotting to win the 2015 general election by “hook or crook”. Obasanjo had endorsed Jonathan’s main challenger Muhammadu Buhari of the All Progressives Congress (APC) on Wednesday, but then seemed to backtrack on Thursday. There are insinuations that Obasanjo is not well disposed to Buhari either and would want an interim national government (ING) to be headed by him to midwife new elections in which neither Jonathan nor Buhari would be candidates.

Regina Askia writes President Buhari on state of nation

Onetime actress turned nurse, Regina Askia Williams, has written to President Muhammadu Buhari on the state of nation. Thanking the president for his fight against corruption, the actress asked why there seem to be one unrest after the other in the country. “Thank you for all your effort at containing the corruption in Nigeria however unpopular," she began. Continuing, she wrote, 'Nigerians elected you through serious acrimony, loosing several lives and facing deadly unrest but they chose you. Though you are from the North of OUR country you are president of all. How is it that violence and deaths still hold sway? 'My hope and prayer was that on your ascension you would deploy our military with fiat and alacrity armed to the teeth and silence or at least contain Boko Haram. My prayer was that as a seasoned General you would not only flush out king pins and barons but retrieve the loot as you napped them one after the other but we see them working for you. Is th...