Bevista:
My research shows that OBJ left ~$42B in the reserves. This grew to ~$62B in September 2008, thanks to oil price hitting an ATH of $147/bbl in June 2008.
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Unfortunately, the Global Financial Crisis had set in and oil price began a steady downtrend, getting as low as $38/bbl in 2009. It became imperative for the CBN to use part of the reserves to defend the Naira.
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By the time late president Yar'Adua took Ill and was flown to Saudi Arabia in Nov 2009, the Reserves stood at ~$42B (avg oil price ~$75/bbl). By the time GEJ was sworn in as president in May 2010, the reserves had gone lower to ~$38B (avg oil price was $76/bbl). By Dec 2010, the reserves had gone even lower to ~$32B. By this time, the average oil price had gone up to ~$91/bbl. By the time GEJ left office in May 2015, the reserves stood at ~28B (avg oil price ~$50/bbl).
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As at November 2017, the FR is standing at ~$35B (up by ~$7B). This not withstanding the fact that 2017 avg oil price is same as at 2015 avg price (~$50/bbl). When one considers that oil price initially went as low as $28/bbl in Jan 2016, then this feat becomes even more commendable.
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The above figures are facts freely available on the Internet.

It is not an achievement mentioning figures in isolation. Mention them in context. This govt of buhari is like MMM!

Am beginning to hate this scum called Amaechi. Our dear state fell to the dogs the day Omehia handed over to a fool who never won an elections to be governor. Why is he still kicking at GEJ who is no more in power? Is he the only rascal on the high table? Idiat!

Jolar101:
Amaechi should as well tell us which money did they dragged FG to court to shared during APC 2015 election?

Rephrase pls?

What is different from what he has been saying all along, if you yourself ain't going senile, you will have realised why he went to court, was to stop GEJ spending the ECA without consulting the Governor's as required by the Constitution!

You guys really need to grow up!

SalamRushdie:
Has Ameachi become senile ? has he forgotten how he championed a court case forcing GEJ to share the money to Amechi and his band of thieving govs

tuniski:

It is not an achievement mentioning figures in isolation. Mention them in context. This govt of buhari is like MMM!

You've said nothing. Why don't you try to provide the context?

Obasanjo ruled under PDP and saved $65b, I will like Amechi to tell us how much Buhari and APC saved so far.

AMAECHIIIII Why do you keep irritating me with your blatant lies and unrepentant posture

first you "prayed and fasted for 3 months and your un named friend gave you 200 million naira to fight for your governorship case",when we all know you ran to Ghana like a coward and Wike was the bold one that stayed behind and pulled all the financial and judicial strings that made you governor

Now you are asking for $65 billion that you as chairman of governors forum mounted undue pressure on President GEJ to share the money to the states which he did after much pressure

Infact AMAECHI this is for youuuuuuuu

Amaechi is a confused man,d havoc u caused in Rivers state still lingering,shameless man.

Mysselff2:
AMAECHIIIII Why do you keep irritating me with your blatant lies and unrepentant posture

first you "prayed and fasted for 3 months and your un named friend gave you 200 million naira to fight for your governorship case",when we all know you ran to Ghana like a coward and Wike was the bold one that stayed behind and pulled all the financial and judicial strings that made you governor

Now you are asking for $65 billion that you as chairman of governors forum mounted undue pressure on President GEJ to share the money to the states which he did after much pressure

Infact AMAECHI this is for youuuuuuuu

most problem is always the governors....

HONEST ANSWER IS THE IGBOS.....THEY TRICKED JONATHAN ...AND STOLE ALL THAT MONEY FROM UNDER HIS NOSE.

Jonathan didn't takeover directly from obasanjo. Ameachi what have you achieved as a transport minister for 3yrs? You no get shame? How many month before Jonathan take over?go and ask yardue wife

Mbediogu:
Am beginning to hate this scum called Amaechi. Our dear state fell to the dogs the day Omehia handed over to a fool who never won an elections to be governor. Why is he still kicking at GEJ who is no more in power? Is he the only rascal on the high table? Idiat!

Be honest,what ameachi did in rivers is more than what odili and wiki have done so far.

Cultists disappeared during ameachi,but reigned during odili.





They disappeared during Ameachi but appeared under Wine.





It was for the good of river people that ameachi falls out with Jonathan.






Ameachi fought gej to bring back the oil wells ceded to bayelsa.




Tell the truth and shame the devil.






How many people loose their head during Ameachi to cultists?



And how many people loose their head now under Wine?

Mynd44:

The arguement that it was the governors' forum that made the FG share the money makes no sense cos

1. Did you bother to ask why the governors sued the FG? Was it not cos they found out that the FG was actually making withdrawals from the ECA that theu decided to share it?


2. What did the FG do with their share of the money? Where was it uses?

What did the states do with their share? That's the question you should be asking, because as far as I know that where this thief Amaechi got the dollars he used to help Buhari win the APC primaries.

NgeneUkwenu:
Expect the useless IPOB pigs, who only two days, were praising Amachi and welcoming him to their corrupt and devilish party , to come and rain abuses on him for daring to question their Corrupt ogogoro Drunkard Hero!

While some will begin to refresh Reno OMockery Twitter handle to see if there is anything they can use to console themselves.... Useless Zombies!

Why is it that when this THING abuse others nothing is done but once you abuse IT back the mods WILL ban you?

waveman2:

But the end point is dating they took the fg to court and the funds was shared.which many of them used for election purpose so ameachi should keep quiet. He was part of it.

Amaechi was not only part of it, he was chairman of the governors forum, he was the arrowhead behind the Court case against federal government over sharing of the money.

My bro I already know dat just made my point.

BekeeBuAgbara:
Amaechi was not only part of it, he was chairman of the governors forum, he was the arrowhead behind the Court case against federal government over sharing of the money.

Saao:
Ameachi thought we forgot how he championed the governor forum during his tenure as a chairman of the forum, forcing the government of gej to share the fund? I remembered then the governors went to court to challenge the govt and the court declared the account illegal. Ngozi tried so hard to sustained the account but no way.
earlier he focus on his ministry better for all of us. as it is today, no minister is performing and Nigerians are really suffering

That is the problem of most of u guys,court any rule on the FG decision may be to share the money or not. Show me the bolded context not headlines where judge command the FG to pay...I mean the bolded context from old news....

Hmmm

Am sorry to say, this man I nor like at all

NgeneUkwenu:
Expect the useless IPOB pigs, who only two days, were praising Amachi and welcoming him to their corrupt and devilish party , to come and rain abuses on him for daring to question their Corrupt ogogoro Drunkard Hero!

While some will begin to refresh Reno OMockery Twitter handle to see if there is anything they can use to console themselves.... Useless Zombies!

You this she-man did you have brain at all, can you remember that this same Amaechi as chairman Nigeria Governors forum was the one that lead protest with other Governors for Minister of finance and economic planning NOI to share the money, he even took Fed Gov to court on this matter, i remember he uses one illustration that "If a father have money in the bank and a his son from school came with demand for money to buy textbook to prepare for exams is it wise for the Dad to serve the money in the bank rather than giving the money to his son to solve problem" that was the words from Amaechi then and you were so sick to have remember the heat Amaechi gave Fed. Govt on this Excess crude money.....as far as am concern you and Amaechi and the rest of APC ceremos are luthons

With the amount of misinformation in the public domain in this country, I doubt Nigeria will ever move forward. Firstly, there was never a time we had $65bn in ECA. Secondly, GEJ never met $65bn in foreign reserves at any point in time. Where did Amaechi get the figures he is spilling out?

Emmm...if I remember correctly Amaechi as Rivers State Governor and Chairman of Nigerian Governors' Forum, pestered Ngozi Okonjo-Iweala and even took the Federal Government to court to share the excess crude reserves?

Funny how most of you lots still thinks that there's fund in the FR accounts!

Y'all will be shocked when Papa Wicked(Buhari) finally leaves power, only then would you discover that he and his 40 thieves had been lying all along! Abi no bi who get money the spend am?

Truth is Papa Wicked(Buhari) has emptied the FR and relooted the loots!

I refuse to follow the multitude!

Cc: Anonimi

Swisscoinng:
What is different from what he has been saying all along, if you yourself ain't going senile, you will have realised why he went to court, was to stop GEJ spending the ECA without consulting the Governor's as required by the Constitution!

You guys really need to grow up!

First of all Jonathan never took ovet from Obasanjo and secondly part of the ECA was used to make subsidy payments and yes the same subsidy payments Jonathan wanted to stop and people like Ameachi opposed vehemently..Jonathan was rail roaded into his failures by the current membera of the APC if you ask me ..Meanwhile can Ameachi start by telling us what he did with his own share of the ECA

Wasn't Amaechi part of the governors that share in looting the treasury during Yardua/GEJ administration? Only a thief can know another thief

Yyeske:
The ECA was established and was to be shared among the three tiers but unfortunately the FG had been withdrawing from the account without giving the SG and LG their share and that was why the SG sued the FG.

and the Lg is also suffering because the SG for spending its own allocation that accrues from the federation account

I am happy reading previous comments. Nigerians know their history well and people are now seeing how Amaechi operates.
Buhari needs to be careful with this man. The sad thing is he must work with him because he collected his donations to his presidential campaign knowing fully well it was Rivers state government fund.
PDP on one side, APC on another.
We are really in trouble

Jirate:

He Was Promised The VP Slot in APC but He was Never Given, and having Ran His Dirty Mouth all over the Place, there was no way back for Him.
He Was Simply Used and will soon be Dumped for Good.

You mind the overtly ambitious Amaechi.The guy is just @ a political cross road now.