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According to the Minster for Energy (Power), Mrs. Fatimah Ibrahim, $13.3 billion

was squandered in the power sector, under very close, direct supervision of Imoke

and Obasanjo with nothing on ground to show for the huge expenditure.

 

 

Will Obasanjo Explode Yar’Adua’s Anti-Graft Balloon?

By Ugochukwu Ejinkeonye

 

If you were carrying out an employment exercise in your company, and one of the jobseekers  showed up with a letter of  recommendation duly written and signed by Mr. Nuhu Ribadu, the former Chair of the Economic and Financial Crimes Commission (EFCC), would that impress you?

Well, the strength and credibility of any recommendation should flow from the performance of the person earlier recommended by the same person. For instance, Mr. Ribadu had told the nation that he had deployed the full force of his prodigious intellect, experience and thoroughness to carefully examine the eight-year nightmare prosecuted by Gen Olusegun Obasanjo but could not detect the slightest hint of corruption in all that the man did while in office!

But, for the past few weeks now, Nigerians have witnessed with utter disbelief and deep pain horrifying details of the worst form of heartless plunder this nation had ever witnessed, perpetrated with utmost impunity and even fanfare, under the direct supervision of the same man Nuhu Ribadu had told us was above board.  

About $16 billion was callously squandered under the pretext of fixing the nation’s problematic power sector, plunging the country and its hapless citizens deeper into thicker and more suffocating darkness.

As sordid revelations ooze from the House of Representatives Probe into the management of the power sector under the Obasanjo regime, where, for instance, it was revealed that a contract worth about N88 billion was verbally awarded, Nigerians are shocked that human beings with hearts and blood running in their veins are capable of such prehistoric greed and cruelty. While Nigerians groaned under the punishing effect of the protracted energy crises in the country, the very resources meant for the alleviation of their harrowing pain was being primitively plundered.  

In a decent country, Mr. Liyel Imoke would have since resigned as Governor of Cross River State with shame and haste, while awaiting his well-earned trail alongside his big uncle, Obasanjo. But, this is Nigeria, where something called Immunity Clause exists to provide very formidable protection for unrepentant enemies of the people from the just consequences of their hideous actions in office.  

Only last week, former Finance Minster, Ngozi Okonjo-Iweala, told the House Committee probing the mindless brigandage that flourished in the power sector that it was Mr. Imoke and Obasanjo  that concocted the “Due Process Waiver” that enabled them bypass all statutory roadblocks to prosecute their unparalleled clean out of the public treasury to build phantom power plants.

In 1999 when Obasanjo became president, total power generation within the national grid stood at 2,400 Mega Watts. But by the time he was leaving office in 2007 (and till date), the whole thing had come down to 2,100 MW, despite the billions of dollars said to have been poured into the obviously phantom efforts to give Nigerians stable power supply.

To sensible Nigerians, that is hardly surprising. Among the companies awarded juicy contracts, and paid jumbo mobilisation fees, which in some cases were as high as 70 percent of the whole contract value, thirty-three (which got N6.2 billion contracts) were not registered at the Corporate Affairs Commission, which means that they were non-existent companies! Even when identifiable companies got contracts and were fully mobilized, several of them vanished into thin air or managed to show some form of presence at the project site.

The only believable reason those in charge of the whole obscene profligacy had refused to bother themselves with whether those contracts were executed or not may be that, perhaps, those “companies” were either theirs or belonged to their cronies and agents. According to Daily Independent editorial of March 27, 2008, “Energo Limited, a company in which a former military head of state is Chairman, [was paid] over N13 billion … without any job done to date . . . Obasanjo, according to disclosures by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), even commissioned an empty site in Odukpani, Cross River State, as a power station last year.

Top managers of PHCN [also awarded] contracts worth US$142 million to non-existent firms. PHCN was shown to have paid out various sums—N2.1 billion, 2.1million Euros and 1.1billion Yen—for hydropower projects whose existence is unknown to chief executives of the stations.” According to the Minster for Energy (Power), Mrs. Fatimah Ibrahim, $13.3 billion was squandered in the power sector, under very close, direct supervision of Imoke and Obasanjo with nothing on ground to show for the huge expenditure. Certainly, this is enough to put these fellows behind bars for the rest of their lives, if President Umar Musa Yar’Adua is serious about all the noise he makes about rule of law and due process.

Well, how Yar’Adua responds to this challenge will help define the image of his administration in the days ahead. Last week, former Health Minister, Prof Adenike Grange, was sacked or forced to resign, or both, for refusing to heed the Presidential directive to return to the treasury the unspent fund from the allocation to her ministry. The amount involved is N300 million, which the Economic and Financial Crimes Commission (EFCC) accused her, her deputy, Gabriel Aduku, and 14 senior civil servants of the ministry of attempting to embezzle.

Also starring in the slimy scandal is Obasanjo’s first daughter, Dr. Iyabo Obasanjo-Bello, who is the Chairman, Senate Committee on Health.  It may appear uncharitable to view Prof Grange’s sack or resignation, given its timing, as aimed at diverting significant attention from the earth-shaking revelations rolling out from the Public Hearing on the Power Sector which has provoked widespread demand for the immediate arrest and trial of Obasanjo and all those who had joined hands with him to enact the unprecedented corruption. But then, the whole thing reeks of just that!

On Monday, General Jeremiah Useni, the unrepentant alter ego of the late ruthless dictator, Gen Sani Abacha, was quoted as saying that the boundless brigandage that flourished in the power sector has made whatever Abacha was accused of looting to appear like “a child’s play.” He even expressed doubt that the once famous Abacha Loot recovered from several sources were deployed to execute any venture that would benefit the Nigerian people, because, according to him, there was “no bill [that] went to the National Assembly to approve its expenditure.” In other words, Abacha’s may have been looted by those who recovered it!

Also, on Monday, the papers reported that Prof Grange may be charged to court this week. Now, if we consider that what Grange and Co were accused of “attempting to embezzle” was mere “change” when compared with the $16 or $13 billion that was siphoned off thought phantom power projects, we will then begin to ask ourselves whether, under Yar’Adua, different rules apply to different people?

Now, some ex-Governors are, justifiably, being dragged about by the EFCC for allegedly stealing N1 billion or N2 billion or even less. If these ex-Governors or Mrs. Grange and Co are found guilty, they should be hastened off to jail, to isolate them from the assembly of decent beings, because they have proved themselves to be unrepentant enemies of Nigeria. But should the alleged bigger thieves be spared?

Nigerians and the rest of world are watching to see what President Yar’Adua would do with the fellows who awarded N88 billion contract by mere word of mouth. They would want to know what would be done to the man who gave out juicy contracts to 33 non-existent companies, and commissioned empty lands as power plants, to cover up the squandered fund. Yes, they would want to know whether the fellow who had bled his country pale to become one of the richest billionaires in Africa is, in the thinking of Yar’Adua, above the laws of the land, and deserves to be celebrated, while the poor clerk somewhere who was driven by hunger to mismanage N5, 000 is sent to jail.

It must be clear to Yar’Adua that injustice and double standards, especially of this magnitude, can only create fertile grounds for defiance, rebellion and anarchy.

Already, a former Governor standing trial for corrupt enrichment is threatening to make the country ungovernable if big thieves are left to move about undisturbed while mere pickpockets are haunted and harassed with extreme zeal. Yar’Adua must be wary of allowing seeds of destabilisation germinate in the country just because of his determination not to “embarrass” some fellows whose only contribution to their fatherland is the ruin and stagnation they had brought to it by their conscious unethical acts.

By the way, where was Saint Ribadu when the nation was being gang-raped with such unparalleled violence? To what extent did the National Assembly under Ken Nnamani and his brother Aminu Bello Masari exercise its oversight functions when this insane plundering was flourishing? Well, former Vice-President, Atiku Abubakar can gloat today, but would this brazen prodigality have been exposed if Obasanjo had not parted ways with, and handed over to him as he had expected?  

Now, we have seen the stench in the power sector, but when will the long-awaited probe of the NNPC commence?

scruples2006@yahoo.com / www.ugochukwu.wordpress.com  / www.ugochukwu.blog.com

Photos in text appear in the following order:  Former EFCC Boss, Nuhu Ribadu,; Former President Obasanjo; and President Yar’Adua 

posted 5 August 2008 

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The Persistence of the Color Line

Racial Politics and the Obama Presidency

By Randall Kennedy

Among the best things about The Persistence of the Color Line is watching Mr. Kennedy hash through the positions about Mr. Obama staked out by black commentators on the left and right, from Stanley Crouch and Cornel West to Juan Williams and Tavis Smiley. He can be pointed. Noting the way Mr. Smiley consistently “voiced skepticism regarding whether blacks should back Obama” . . .

The finest chapter in The Persistence of the Color Line is so resonant, and so personal, it could nearly be the basis for a book of its own. That chapter is titled “Reverend Wright and My Father: Reflections on Blacks and Patriotism.”  Recalling some of the criticisms of America’s past made by Mr. Obama’s former pastor, Mr. Kennedy writes with feeling about his own father, who put each of his three of his children through Princeton but who “never forgave American society for its racist mistreatment of him and those whom he most loved.”  His father distrusted the police, who had frequently called him “boy,” and rejected patriotism. Mr. Kennedy’s father “relished Muhammad Ali’s quip that the Vietcong had never called him ‘nigger.’ ” The author places his father, and Mr. Wright, in sympathetic historical light.

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The Price of Civilization

Reawakening American Virtue and Prosperity

By Jeffrey D. Sachs

The Price of Civilization is a book that is essential reading for every American. In a forceful, impassioned, and personal voice, he offers not only a searing and incisive diagnosis of our country’s economic ills but also an urgent call for Americans to restore the virtues of fairness, honesty, and foresight as the foundations of national prosperity. Sachs finds that both political parties—and many leading economists—have missed the big picture, offering shortsighted solutions such as stimulus spending or tax cuts to address complex economic problems that require deeper solutions. Sachs argues that we have profoundly underestimated globalization’s long-term effects on our country, which create deep and largely unmet challenges with regard to jobs, incomes, poverty, and the environment. America’s single biggest economic failure, Sachs argues, is its inability to come to grips with the new global economic realities. Sachs describes a political system that has lost its ethical moorings, in which ever-rising campaign contributions and lobbying outlays overpower the voice of the citizenry. . . . Sachs offers a plan to turn the crisis around. He argues persuasively that the problem is not America’s abiding values, which remain generous and pragmatic, but the ease with which political spin and consumerism run circles around those values.

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Greenback Planet: How the Dollar Conquered

the World and Threatened Civilization as We Know It

By H. W. Brands

In Greenback Planet, acclaimed historian H. W. Brands charts the dollar's astonishing rise to become the world's principal currency. Telling the story with the verve of a novelist, he recounts key episodes in U.S. monetary history, from the Civil War debate over fiat money (greenbacks) to the recent worldwide financial crisis. Brands explores the dollar's changing relations to gold and silver and to other currencies and cogently explains how America's economic might made the dollar the fundamental standard of value in world finance. He vividly describes the 1869 Black Friday attempt to corner the gold market, banker J. P. Morgan's bailout of the U.S. treasury, the creation of the Federal Reserve, and President Franklin Roosevelt's handling of the bank panic of 1933. Brands shows how lessons learned (and not learned) in the Great Depression have influenced subsequent U.S. monetary policy, and how the dollar's dominance helped transform economies in countries ranging from Germany and Japan after World War II to Russia and China today. He concludes with a sobering dissection of the 2008 world financial debacle, which exposed the power--and the enormous risks--of the dollar's worldwide reign.  The Economy

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The White Masters of the World

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By W. E. B. Du Bois

W. E. B. Du Bois’ Arraignment and Indictment of White Civilization (Fletcher)

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Ancient African Nations

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The Death of Emmett Till by Bob Dylan  The Lonesome Death of Hattie Carroll  Only a Pawn in Their Game

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