SocialJustice:
Nigeria's budget is like $20billion. The person will have to steal 3 years budget to get that amount. Wise up. It is impossible.

It is not impossible - crude theft does not reflect in the budget ab initio. And when it is being done at the highest level over years, it is possible for such crude theft to amount to that and even much, much more.

Yankee101:

I live in the US

This says nothing about your expertise in these matters.

Do you know where I live or what I do?

I guessed not.

You can’t place $69bn in an individuals account just like that directly from oil proceeds

Yes you can - "an individual" does not have to be a natural person. It can be a corporate person of many possible hues. There are several layers of complex proxy arrangements which make this possible all the time my friend.

DeepSight:


Did you watch the video. Do you know what crude theft is? Do you know what the office of NSA can do on territorial water regarding crude theft over a period?

Yes, i watched the part about the allegation. And yes, to the other questions. What i find hard to believe is the figure $69billion.

Yankee101:


Even the attorney general was mocking him about in front of his wife

And how do you intepret that? Dont be naive.

Defend only what you’re sure of and can speak about authoritatively

I will advise you to read more carefully. I have not said for sure he is correct. I have said it is more than possible - as against what many of you are saying - that it is impossible.

From the get-go you never understood that what was being discussed would never come from any official record or budget or earnings. That showed you dont know about the complexity of crude theft.

My friend, lets not even start. It involves the Navy and Presidency as well as many international players.

DeepSight:


It is not impossible - crude theft does not reflect in the budget ab initio. And when it is being done at the highest level over years, it is possible for such crude theft to amount to that and even much, much more.

Stolen crude is true but not enough to meet such numbers. $69Billion at $70 per barrel is 980 million barrels.

Not possible.

You see people with 5 cars they don't need,
If you have more than 2 cars, you should pay more tax

Treasure17:
It's our penchant for inanities and greed that will destroy this country beyond redemption. We are so fixated on materials things instead of making life comfortable for our neighbors. What thy hell are you doing with so much cars?

SocialJustice:
Stolen crude is true but not enough to meet such numbers. $69Billion at $70 per barrel is 980 million barrels.

Not possible.

It is possible when done over several years and you must account for the fact that more crude is stolen from our territorial waters than ever appears in our official records at all, not to speak of the FG Budget.

@Yankee101 - to give you an analogy, what you are doing is calculating the amount that Nigeria makes from gold and using that to say it is impossible for those stealing gold and mining gold illegally outside the system to steal a certain amount of gold off record.

Thats what you are doing. And that is totally irrational.

DeepSight:


It is possible when done over several years and you must account for the fact that more crude is stolen from our territorial waters than ever appears in our official records at all, not to speak of the FG Budget.

Only the president can pull such a stunt as an individual. It is possible over a long time but hard to believe still.

SocialJustice:
Only the president can pull such a stunt as an individual. It is possible over a long time but hard to believe still.

When the person fingered is a National Security Adviser, who do you think is pulling the strings behind him?

Let me even add something.

When that NSA dies mysteriously in a helicopter crash. . . . . . . ?

Lawal1555:


The set of people involved in the scam are pdp members.

but the man never mentioned PDP members.
even if the looters were to be PDP members, that's even the more reason that the ruling APC government should take it more serious to apprehend and prosecute such demonic criminals, anything to the contrary simply means active connivance with the looters by the ruling party, because the huge amounts is too loud to be ignored by any responsible government.
it's hard to believe that opposition members could have access to such huge amounts, to be looted without the active connivance of the people in power, and for the ruling party to ignore such huge looting, speak more volume than words.

DevilsEqual:
$69Billion??

Hiws that even possible

Make una dey suffree dey lie na

Did you know Alison Madueke former petroleum minister?

FatimaAbubakar:
Money that Tinibu and his gang of thieves are stealing on regular basis?

I doubt if you are truly Fatima

Nigeria has not always been this corrupt. So we have historical data that close to real numbers. I uploaded oil production from 1998. We don’t have 69bn for one government to steal. If you say over multiple administrations then fine.

DeepSight:

@Yankee101 - to give you an analogy, what you are doing is calculating the amount that Nigeria makes from gold and using that to say it is impossible for those stealing gold and mining gold illegally outside the system to steal a certain amount of gold off record.

Thats what you are doing. And that is totally irrational.

In legitimate recovery processes of stolen funds, you provide a service before getting paid

The people who provided him with this information asked for money upfront in order to provide him with the details in Texas. How does 419 operate?

I can assure you there are alot of yahoo boys who can initiate this just to get an upfront fee and flee because Obono’s mandate and budget was well publicized. Obono did not say he confirmed. He said he was told. But now you’re using hearsay as fact and even defending it. Do you know how your reasoning sounds?

The only amount he confirmed was David Marks $200million dollars investment abroad

DeepSight:


And how do you intepret that? Dont be naive.



I will advise you to read more carefully. I have not said for sure he is correct. I have said it is more than possible - as against what many of you are saying - that it is impossible.

From the get-go you never understood that what was being discussed would never come from any official record or budget or earnings. That showed you dont know about the complexity of crude theft.

My friend, lets not even start. It involves the Navy and Presidency as well as many international players.

Yankee101:
Nigeria has not always been this corrupt. So we have historical data that close to real numbers. I uploaded oil production from 1998. We don’t have 69bn for one government to steal. If you say over multiple administrations then fine.

The oil industry in Nigeria has been opaque for decades. Notoriously opaque. And yes, multiple administrations can be at play. These people play at a very high level my friend.

You are still caught in the thought of what is available to steal within official records. I say for the umpteenth time that what is being discussed is entirely off record. It does not come into any records whatsoever.

Let me draw your attention to the fact that Hosni Mubarak alone had close to $100 billion. Food for thought.

DevilsEqual:
$69Billion??

Hiws that even possible

Make una dey suffree dey lie na

Impossible to believe abi?
Truth the matter is ibb once said naija has defiled all economic indices. If a 10th of corruption that has happened in naija happens in the economy of Germany. Their economy will collapse.
Mumus will stay here and argue naija is a poor country, they will calculate for you that we earn just $30b from oil. Lol. The reality is that as much of 70% of oil in the last administration may have been stolen while the rest 30% was for the country to share. Abi have you forgotten the former gov that openly said they had made so much money from the oil magomago, it was too much, Sai baba should do something about it?
80 pcs of bullet (P) S class Mercedes at eg $500k each. Can you fantom that at all? Truelly, naija monie na water to some people.
As I once wrote, I visited someone at a high rise hotel appartmemt at canary wharf. Place the person was paying over 200 pounds daily for a 1 room while on vacation. Supprisenly almost all the people other occupants were black, on asking, she said them be naija. Kids of Nigerians staying in 3bed rooms etc, paying as much as 400 pounds per day! And on long term stay! How? 400 daily? Students?

DeepSight:


He didnt say a governor stole $69 billion. He mentioned 200 Million GBP stolen by a former governor. And he said the governor was also a former Senate President. So that rules out Bello, he is talking of a Mark or Saraki.

i know he didn't say a governor, but I was only responding to the person that said, it may be a former governor of kogi state.

Yankee101:
In legitimate recovery processes of stolen funds, you provide a service before getting paid

The people who provided him with this information asked for money upfront in order to provide him with the details in Texas. How does 419 operate?

Now you have just made your first rational point. Namely that those who said they have the information could be suspicious. And I wholly agree with that point. However such a claim must be investigated. To have it entirely ignored the way the government did is very telling. The first easy step was that they claimed to be an American Law Firm. That is eminently verifiable. But no step whatsoever was taken.

Obono did not say he confirmed. He said he was told. But now you’re using hearsay as fact and even defending it. So you know how your reasoning sounds?

Once again I have to advise you to read carefully. I am not defending his statement as true, I have no clue if it is. I cant possibly. I am saying that such a thing is possible. I hope I dont have to repeat this ad infinitum.

If you have time you can run through my last comments. I know a lot about unreported revenue as one of the biggest sources of corruption in nigeria

Oil is not a commodity you can steal double a country’s installed capacity like nigeria without it affecting the prices in the world market

Don’t forget soldiers are stealing, politicians are stealing, oil majors are stealing, there’s spillage, Niger delta boys are stealing. So I can guarantee you the information of 69bn traced to one person is false

You’ll need at least 4 administrations to steal that much from crude and at the presidential level. Even IBB was was $5bn during the gulf war. Obono himself did not say he confirmed it. He was asked to pay money to get the details. Which sounds like 419 boys cos you recover first before you get paid not the other way round

DeepSight:


The oil industry in Nigeria has been opaque for decades. Notoriously opaque. And yes, multiple administrations can be at play. These people play at a very high level my friend.

You are still caught in the thought of what is available to steal within official records. I say for the umpteenth time that what is being discussed is entirely off record. It does not come into any records whatsoever.

Let me draw your attention to the fact that Hosni Mubarak alone had close to $100 billion. Food for thought.

nedekid:

Impossible to believe abi?
Truth the matter is ibb once said naija has defiled all economic indices. If a 10th of corruption that has happened in naija happens in the economy of Germany. Their economy will collapse.
Mumus will stay here and argue naija is a poor country, they will calculate for you that we earn just $30b from oil. Lol. The reality is that as much of 70% of oil in the last administration may have been stolen while the rest 30% was for the country to share. Abi have you forgotten the former gov that openly said they had made so much money from the oil magomago, it was too much, Sai baba should do something about it?
80 pcs of bullet (P) S class Mercedes at eg $500k each. Can you fantom that at all? Truelly, monie na water to some people.

GBAM!

Yankee101 and co - note the bold!

I can send you verifiable law credentials it doesn’t mean I’m legitimate

DeepSight:


Now you have just made your first rational point. Namely that those who said they have the information could be suspicious. And I wholly agree with that point. However such a claim must be investigated. To have it entirely ignored the way the government did is very telling. The first easy step was that they claimed to be an American Law Firm. That is eminently verifiable. But no step whatsoever was taken.



Once again I have to advise you to read carefully. I am not defending his statement as true, I have no clue if it is. I cant possibly. I am saying that such a thing is possible. I hope I dont have to repeat this ad infinitum.

PUNANI01:
It must be Former governor of Kogi State ;i no call any name

Kogi cannot earn such amount even in 8 years!!

Yankee101:


Don’t forget soldiers are stealing, politicians are stealing, oil majors are stealing, there’s spillage, Niger delta boys are stealing. So I can guarantee you the information of 69bn traced to one person is false

You’ll need at least 4 administrations to steal that much from crude and at the presidential level. Even IBB was was $5bn during the gulf war. Obono himself did not say he confirmed it. He was asked to pay money to get the details. Which sounds like 419 boys cos you recover first before you get paid not the other way round

You are still saying one person, and you are still working with official figures when we are discussing a black market off the records. I really cant help you.

As for international oil prices, those off the record sales have always been there so its not like one new big injection that will topple the market.

Yankee101:

I can send you verifiable law credentials it doesn’t mean I’m legitimate

Still beside the point. The point is it was possible, and indeed, would be right, to look into it.

officialwdhtv:
"Someone stole $69 Billion USD and nothing was done about it" - Former Chairman of Presidential Panel for Recovery of Public Property (SPIP), Okoi Ofem Obono-Obla speaks on corruption in Nigerian government.

Take a listen!!!

#wetindeyhappentv


https://www.youtube.com/watch?v=BcPqlcCFov4

I just googled Patrick Aziza, and nothing about 69billion dolls popped up on him..
And also he died 2014...

Many people are just so dumb. Imagine he mentioned the name, some people are still arguing over rubbish. Patrick Aziza, former governor of Kebbi state, died in 2014. Probably stolen during the military regime. He was one of the people that brought Abacha to power. It's possible that with inflation gains, the money grew to $69 billion. But the failure of Buhari's government to even attempt to recover the money is total ineptitude.

Sometimes I like when people argue blindly cos it’s an opportunity to teach

DeepSight:


Still beside the point. The point is it was possible, and indeed, would be right, to look into it.

Another name that I saw that was National security adviser was Andrew azazi who died 2012 alongside Patrick yokowa, then governor of Kaduna state.

Have also not seen any publications of 69billion dolls linked to his name...
So which Patrick Aziza is Okoi obono obla talking of?

Truly APC ensembled fools and crooks to cripple Nigeria.

Yankee101:
Sometimes I like when people argue blindly cos it’s an opportunity to teach

My friend, I have disagreed with you without insulting you or attempting airs even when it became obvious you kept ignoring the basic point of resources being outside official records. I gave you the example of illegal mining of gold, which I thought should end it. But I cant do more than this.

I bid you a good day, and beg you to desist from teaching anyone before you learn yourself.

All the best.

JimD:
Many people are just so dumb. Imagine he mentioned the name, some people are still arguing over rubbish. Patrick Aziza, former governor of Kebbi state, died in 2014. Probably stolen during the military regime. He was one of the people that brought Abacha to power. It's possible that with inflation gains, the money grew to $69 billion. But the failure of Buhari's government to even attempt to recover the money is total ineptitude.

He meant Azazi though. Not Aziza. Aziza was never NSA.