This money was not the stolen fund for God sake. Please read the article bellow:
NNPC begins move to recover $9.46bn owed Nigeria


Sunday, September 6, 2015


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IN the first 100 days of President Buhari's government, the Nigerian National Petroleum Cooperation (NNPC) has begun the process of recovering over $7 billion in over-deducted tax benefits from JV Partners on major capital projects.

In a report submitted to President Muhammadu Buhari by its new management detailing its successes so far, the Group Managing Director,GMD of NNPC, Ibe Kachikwu had commenced Performance Measurement & Benchmarking as well as Value for Money Review of NNPC and the JV Companies covering the period 2008 - 2013. A report indicated that this process may lead to further cost recovery.

In addition, the report said that a reputable International Accounting Firm has been engaged by the NNPC to ascertain the exact amount due government on the Strategic Alliance Contracts entered by NPDC, where up to $2.46 billion of government money is to be recovered.

It also revealed that consequent upon an extensive investigation of the various toxic crude oil for refined products swap contracts, a total sum of $420 million has so far been reconciled in favour of NNPC and is now due for recovery from the legacy OPA/SWAP contracts. Out of the reconciled amount, the sum of $277 million has been recovered in lieu of products and the recovery effort is still ongoing, the source added.

According to the report , the GMD of NNPC is committed to continued review of all existing contracts and addressing the ones that are not favourable to the Corporation. It was noted that significant cost reductions are also expected to ensure the Corporation remains profitable in the prevailing low crude oil price regime.

He added that progress is being made toward bringing back the nation's refineries to full production, noting that the management of the NNPC is working to ensure that this happens before the end of this year.

If this is completed, the report said, it is expected to achieve an annual savings of about $1billion worth of foreign exchange from fuel import substitution and additional total saving of over $500 million annually will be made from the petrochemical products of Kaduna Refinery and Petrochemical Company.

The report also disclosed that efforts at repositioning the NNPC have started yielding result on the nation's economy. According to its content, gas supply to the power plants that had hitherto been handicapped by the supply of much-needed gas, has improved significantly from about 630 to 861 million standard cubic feet per day, which has resulted in a more steady power supply being witnessed in the country.

Indeed, the report revealed that gas supply for power and peak generation have in recent times reached a historical high of 876 million standard cubic feet per day and 4,782 Mega Watts respectively.

by Taboola
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One thing I do not enjoy about  we Nigerians is the way we debunk an issue without a proof. Before you say ' Na lie' try and verify the authenticity of my claim. Thank you.

One thing I do not enjoy about the way we Nigerians is the way they debunk an issue without a proof. Before you say ' Na lie' try and verify the authenticity of my claim. Thank you.

It disturbs me when I realize both of them are Ishans.

Is papa Iyabor then the President?

Obasanjo is a disgrace. I used to respect him but based on his recent activities I have seen he is not a leader after-all.  My point is this: an elder state man is supposed to be careful with his utterances but the  reverse is the case with this shameless man that had affairs with his daughter in law. He had the opportunity both as a military head of state and a civilian president to be there twice, what impart did he make? Is he now a social critic or what? It is an insult for him not to recognize GEJ as a Nigerian president.

Proof read your English before posting it.

I am surprised at the way we Nigerians talk. Has the man of God forced anyone to attend the university? As far as I am concerned, nothing good comes cheap. If God is using him to provide the quality education your government cannot provide, I think we ought to appreciate him.

Everyone is happy when he is asked to go home but same is not true for Nigerians. This is because we have no home to run to. The idiots in power have destroyed our home for us. They rob our country and take our resources to other countries. At the end we are treated like subhumans both home and abroad

Thank you for trying to defend your religion but the unfortunately the facts before us do not seem to agree with you. The truth is that this is not just happening only in Nigeria but all over the world where that religion is practiced. Do you call the act of slicing off a fellow human being's neck politics? 

For the first time someone is talking sense. Lets stop deceiving ourselves. Nigeria is not one. Our values are different. They said they don't like education. Do you have to kill those who love it? For peace to reign, the south should allow the north to form their Sharia state.

 What position do you play. Do you wish to play for Boko Haram Republic or Biafra?

In any society, there is division of labour. No one is talking about the military. Jona is not a military man neither can he use rifle. Why not ask the military what is happening? Or are they looking for reason to come back? Think about it. Please help me to tell Iyabor we don't need her opinion. She speaks like a child that lacks good up bringing.

Think of it. What role have played to change the system?

Why leave what you can do for God to do?

May be you are one of them!!!!!

When I read through the comments I get bemused by the fact that everyone is talking about the flow of cash without thinking of what to do in order for the cash to flow. This type of mentality does not help any country. In all parts of the world, the idle man does not see the cash. There are still beggars in America and other developed countries. Lets remove our focus away from money and rather think of what to do. 

Thank you for being concerned about the people of Nigeria but let me ask you  a question gentle man. It is true that Nigeria has numerous problem but are you implying that these problems will be solved if we support gay right? As a Nigerian, let me inform you that the majority of us prefer  eating  human feces  to being gay. Permit us to see differently. To us it is disgusting. This is why we are happy with our leaders for coming out boldly to let the world know our position on this matter.

I am satisfied even if this is going to be the only achievement of G.E.J administration. This is the foundation on which other achievements revolve. By this you have delivered Nigeria from insanity and curse. You have been able to tell the world that Nigeria is a sovereign nation. If other nations are jumping into the pit we shouldn't join them to do same. Up up GEJ.

You don't look like a true Muslim. If you say you are one, why is your Bosom  not properly covered or why is your face exposed? Perhaps you changed your religion because was wanted to punish your ex-husband. The end shall tell.