Former Ministers Stole Nigeria's Crude Oil And Banked It In Personal Accounts - Buhari

President Muhammadu Buhari, on Tuesday, in the United States, vowed that his administration would trace the accounts of individuals who stashed away ill-gotten oil money, freeze and recover the loot and prosecute the culprits.

He said some of the former ministers were selling about one million barrels of stolen crude per day.
Reacting to questions from members of Nigerians In Diaspora Organisation (NIDO) in the United States and Canada at the Nigerian Embassy in Washington DC on the third day of his visit, the President lamented that “Corruption in Nigeria has virtually developed into a culture where honest people are abused.”

According to him, “250,000 barrels per day of Nigerian crude are being stolen and people sell and put the money into individual accounts,” adding that the United States and other developed countries “are helping us to trace such accounts now. We will ask that such accounts be frozen and prosecute the persons. The amount involved is mind-boggling. Some former ministers were selling about one million barrels per day. I assure you that we will trace and repatriate such money and use the documents to prosecute them. A lot of damage has been done to the integrity of Nigeria with individuals and institutions already compromised.”
Citing the example of the Nigerian National Petroleum Corporation (NNPC), President Buhari said unlike what obtained during his tenure as Federal Commissioner for Petroleum under military regime when the NNPC had only two traceable accounts before paying oil proceeds into the Central Bank of Nigeria (CBN), “now everybody is doing anyhow.”
The President, who expressed skepticism on the existence of oil subsidy, said if subsidy was removed, transport, housing and food prices would go out of control and the verage worker would suffer untold hardship.
While agreeing that the “economy is in an extremely bad shape,” following 16 years of bad government by the Peoples Democratic Party (PDP) which ran down the oil refineries and had the “treasury in their pockets,” he said the All Progressives Congress (APC)-led administration would fulfill its three-pronged campaign manifesto of providing security, turning around the economy with a major focus on youth employment and fighting corruption.
According to him, agriculture and mining would receive priority attention as faster job-creation avenues for the teeming unemployed youth, adding that some foreign investors had agreed to take advantage of the immense business opportunities in Nigeria.
President Jonathan when asked if the Federal Government (FG) would agree to negotiate with the Boko Haram insurgent and terrorist organization to pave way for the release of the abducted Chibok schoolgirls, replied that the FG would only negotiate if genuine and confirmed leaders of the militant sect came forward and convinced the FG of the current conditions of the girls, their location and the sect’s willingness to negotiate.
“Our objective is that we want the girls back, alive and returned to their families and rehabilitated. We are working with neighbouring countries if they will help,” he said.
On when he would form his cabinet, the President, who observed jokingly that the question was chasing him around the world even to the point that at home he had been nicknamed, “Baba Go Slow!”, noted that not even the PDP during all the years it ruled the country ever formed a cabinet within the first four months.
“I am going to go slow and steady,” he assured, as he called for patience to allow the new administration “put some sense into governance and deal with corruption.”
President Buhari promised that his administration would at the right time tap into the enormous talents available amongst members of NIDO especially as consultants while their requests for voting right in 2019, a Diaspora Commission and opening of new consulates in parts of the United States and Canada would be looked into.
The President had earlier met at the same venue with a group of young professionals in the United States and assured them of his government’s resolve to fight corruption, remain steadfast and invest heavily in education which he said was the answer to taking the youth out of poverty and ignorance.
The youth in their huge numbers took turns to express their best wishes for the President and the country.

---

Posted: at 22-07-2015 12:24 PM (8 years ago) | Hero

ooooooh

Posted: at 22-07-2015 12:48 PM (8 years ago) | Addicted Hero

All all these happened under Jonathan's watch

---

Posted: at 22-07-2015 12:54 PM (8 years ago) | Addicted Hero

We are waiting

Posted: at 22-07-2015 12:56 PM (8 years ago) | Hero

OMG ....

Let assume at an average of $100 barren then it meant some robber ministers were making up to $100m (#200b) from each rogue deal ! ...m

Yet wailing wailers and morons claimed we had a president for almost 6 years ?  The mental state of the man that called himself a president for those years and allowed such insane theft should be evaluated .....

Honnestly anyone still. Supporting the past administration is the lowest of low ....

Assuming the OTUOKE FISHERMAN has won 2015 presidential election our own case will be worse that  of Greece ..... But thanks be to ALMIGHTY GOD for giving us "CHANGE" president muhammadu buhari ( Slayer of corruption )

Posted: at 22-07-2015 01:21 PM (8 years ago) | Gistmaniac

We don hear. All these talk. My own is start working oooooo Mr. President

Posted: at 22-07-2015 02:01 PM (8 years ago) | Upcoming

The Naked Truth !!

Posted: at 22-07-2015 02:49 PM (8 years ago) | Hero

THAT IS JUST THE BASIC FACT, WE HAVE TO WORK WITH MR PRESIDENT TO FIGHT THIS CORRUPTION SO THAT NIGERIA CAN MOVE FORWORD, THE MASSES ARE LLIVIN IN ABJECT POVERTY, EVEN IF YOU DON'T LIKE MR PRESIDENT BUHARI SINCE HE HAVE DECLARE THAT HE IS GOING TO FIGHT CORRUPTION PLEASE LET US GIVE HIM A CHANCE.THE MAJOR PROBLEMS ALL NIGERIA CITIZEN ARE FACING IS CORRUPTION, SO IF WE CAN HANDLE CORRUPTION NIGERIA WILL BE  LIKE DUBAI OR GREAT BRITAIN.

Posted: at 22-07-2015 03:21 PM (8 years ago) | Gistmaniac

Yes we r waiting

Posted: at 22-07-2015 04:07 PM (8 years ago) | Upcoming

If you know how that quiet poison called jonathan ordered money to be taken out of central bank very close to the time of election, so as to fund the remaining areas where he thought would help him win re-election, you wouldnt think a second before wishing that man bad.. i got this info from a very direct source working in there as big executive not as a gateman ,driver or security .he just kept moving money out of central bank without documentation ...... people are now seeing him as hero because he accepted defeat. , no be only hero na heroine or cocaine... i know very much buhari is well discplined, but i will be surprised if he can turn things around in nigeria, with the big deep mess those wolves have put nigeria in.

Posted: at 22-07-2015 05:24 PM (8 years ago) | Gistmaniac