CORRUPTION! Buhari Queries Okonjo Iweala For Diverting $1.005 Billion Rail Loan

Published On: August 11, 2015, 5:52 am (5 years ago)
Author: Mister Jay Wonder
[1] 2
bohlah (m)

President Muhammed Buhari on Monday demanded explanation from the Ministry of Finance on the whereabouts of the foreign loans obtained for rail projects.
The loan was reportedly siphoned under the watchful eyes of immediate past Minister of Finance, Dr. Okonjo Iweala.

Buhari’s directive followed the alleged diversion of a substantial part of the loan of USD1.005 billion from the Chinese Exim Bank, meant for the construction of a standard gauge rail line linking Lagos and Kano States.

Relatively, the Permanent Secretary, Ministry of Transport by the Permanent Secretary, Alhaji Mohammed Bashar informed the President that only $400 million was left of the loan.
Bashar made the revelation during a presentation of his ministry’s activities to president Buhari at the presidential villa.

Reacting, President Buhari said that it was unfortunate to find that foreign loans obtained in line with signed agreements were moved from one project to another.
“I hope that due process was followed before such diversions were carried out. Taking money from one project to another has to be done properly,” he warned.

Vanguard reports that the President regretted that government had, over the years, failed to meet its counterpart funding obligation on some projects, leading to such projects being left uncompleted or abandoned.


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Posted: (5 years ago) on 11-08-2015 05:52 AM | Addicted Hero
Good.........probe all of them Looters.
Posted: (5 years ago) on 11-08-2015 06:23 AM | Hero
Reply
Good.........probe all of them Looters.
Posted: (5 years ago) on 11-08-2015 06:26 AM | Hero
Reply
She should be invited to explain the whereabouts of the loan and she didn't give a satisfactory explanation, kuje prison is close by
Posted: (5 years ago) on 11-08-2015 06:48 AM | Gistmaniac
Reply
dleg dleg (m)
There should be an explanation for that.
Posted: (5 years ago) on 11-08-2015 06:49 AM | Gistmaniac
Reply
ooooooooh
Posted: (5 years ago) on 11-08-2015 07:09 AM | Addicted Hero
Reply
My question is, which project did they divert d money too?Huh? If its a better project, fine and good but if its for personal project then let match striaght to jail wit out prob. Meanwhile wit d way grandpa is disturbing dis former minister hmmm I forsee her spilling d beans and soooo many pple will be indicted including those glory hunters. I don't believe wat some pple here call d winning team or change or watever. Most of them defecting and most of them becuming emergency politicians to APC are jt trying to cover their ass. We all shld watch and see how it goes.
Posted: (5 years ago) on 11-08-2015 07:16 AM | Addicted Hero
Reply
I wish buhari eradicate and investigate all corrupt practises, I dnt care if dis will take him for 4years...
Posted: (5 years ago) on 11-08-2015 07:56 AM | Gistmaniac
Reply
trouble dey sleep.....
Posted: (5 years ago) on 11-08-2015 08:30 AM | Gistmaniac
Reply
Campaign project
Posted: (5 years ago) on 11-08-2015 09:07 AM | Gistmaniac
Reply
all of them na thief...... na to kill them fit solve this problem
Posted: (5 years ago) on 11-08-2015 09:45 AM | Addicted Hero
Reply
revolution then retribution follows
Posted: (5 years ago) on 11-08-2015 09:53 AM | Hero
Reply
Baba Buhari, u r really makin me happy.. As in eh!!! Probe dem all, leh dem qoro jail includinq Jonathan...
Posted: (5 years ago) on 11-08-2015 10:09 AM | Newbie
Reply
Buhari please start from ibb, obasanjo atiku and sanusi! She don't steal nigeria money, it is biafra money! Evils nigeria leave biafrans alone!!!!
Posted: (5 years ago) on 11-08-2015 10:36 AM | Upcoming
Reply
Quote from: blogger212 on 11-08-2015 10:09 AM
Baba Buhari, u r really makin me happy.. As in eh!!! Probe dem all, leh dem qoro jail includinq Jonathan...
Posted: (5 years ago) on 11-08-2015 10:39 AM | Upcoming
Reply
Quote from: livingstonee on 11-08-2015 10:36 AM
Buhari please start from ibb, obasanjo atiku and sanusi! She don't steal nigeria money, it is biafra money! Evils nigeria leave biafrans alone!!!!
hmm, no sense in dis ur comments at all...
Posted: (5 years ago) on 11-08-2015 11:25 AM | Upcoming
Reply
mumu #Bright, na ur father post am.
Posted: (5 years ago) on 11-08-2015 11:40 AM | Newbie
Reply
buhari,who is going to probe u too?
Posted: (5 years ago) on 11-08-2015 01:36 PM | Gistmaniac
Reply
Buhari is a noisemaker, he is not reasoning with his head.
What he suppose to do is to invite Ngozi, and hear from her before making it public.
Grow up man!
Posted: (5 years ago) on 11-08-2015 01:38 PM | Gistmaniac
Reply
 Buhari please start from ibb, obasanjo atiku and sanusi! She don't steal nigeria money, it is biafra money! Evils nigeria leave biafrans alone!!!!


YOUR COMMON SENSE IS FAULTY. ODE

Posted: (5 years ago) on 11-08-2015 01:57 PM | Upcoming
Reply
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