OBMSGATEWAY

OBMSGATEWAY
Making Things Easy for Nigerian Diasporans back Home

Tuesday, January 13, 2015

FEMI ARIBISALA: BUHARI'S ATROCITIES AT PTF

Be the chairman of the Petroleum Trust Fund under a corrupt Abacha regime. Have the Interim Management Committee (IMC) set up by President Obasanjo to wind down PTF activities discover the organisation was riddled with corruption and financial irregularities. 
500 million naira of PTF money deposited in a bank disappeared; withdrawn by unidentified persons. There were contractual anomalies in excess of 800 million naira in the PTF staff housing estate.
Leave PTF with a debt-burden of over 70 billion; owed to different contractors, consultants, manufacturers and suppliers. Have PTF import expired drugs, especially with regard to 28 billion naira worth of HIV/AIDS screening and confirmation kits.
Create an "unholy business relationship" between the PTF and the Afri-Project Consortium (APC) led by Salihijo Ahmad which operated as consultants to the PTF. 
Ensure that the PTF did not function as a real government agency. Instead, have APC consultants virtually manage it, becoming the real PTF even though APC was a private company.
Have about 620 consultancy firms affiliated to the PTF report to the APC instead of the PTF. Give the APC sole responsibility for the issuance of PTF certificates for payment. 
For example, when PTF lodged 1 billion naira in the Marina, Lagos branch of Credit Lyonnais in 1995, it was APC officials who made withdrawals for the various payments. Also give APC the authority to recommend the companies that were awarded PTF contracts.
Ensure in the process that a considerable amount of PTF finances (25 billion naira) was squandered. Look the other way while your PTF subordinates cart away lorry-loads of public funds. 
Watch, as a principal actor in the PTF consultancy scam commit suicide when the probe into the organization was instituted for fear of being exposed. So much for your anti-corruption crusade!

No comments:

Post a Comment