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Missing $20 Billion: Dear President Jonathan Before You Go, #WhereIsOurMoney By Perry Brimah

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Missing $20 Billion: Dear President Jonathan Before You Go, #WhereIsOurMoney By Perry Brimah

missing 20 billion nigeria

April 23, 2015 – Missing $20 Billion: Dear President Jonathan Before You Go, #WhereIsOurMoney By Perry Brimah

Dear Jonathan Before You Go #WhereIsOurMoney Please?

Over a year ago, Nigeria’s former central bank, CBN governor, now Emir, Sanusi Lamido Sanusi raised an alert on alleged missing billions ($) in oil revenue. By February, the figure was reconciled at $20 billion. We then began to ask, #WhereIsOurMoney?

The CBN governor explained that within the space of 18 months (only one-and-a-half years) examined, $20 billion was found not remitted by the National petroleum company, NNPC.

The breakdown of the missing revenue included $6 million looted daily via the kerosene subsidy scam run by oil minister Diezani Alison-Madueke. Kerosene supposedly subsidized to be sold at a rate of N40.9/liter, sold at pumps at an average of N156/liter to Nigerian families, with the Diezani-oil cabal looting N100+/liter through her handful of cabal portfolio middle-men marketers. With over 10 million liters kerosene sold/day, $6+ million is looted from the masses this way every day, totaling another $4 billion for the 18 months visited.

A forensic audit was ordered by the Jonathan government. The summarily results (full report has never been released) found that $1.48 billion was confirmed missing for the 18 month period reviewed. In the news today, NNPC has refused to refund this 1.5 billion dollars. The rest 4+ years of Jonathan’s administration are yet to be audited.

According to Leadership, “PriceWaterHouse Coopers (PwC) determined that $3.38 billion relating to DPK subsidy cost was incurred by the NNPC for the review period. PwC confirmed that there was indeed a Presidential directive issued on the 15th of June 2009 instructing that subsidy on DPK be stopped and that there was a correspondence between PPPRA and the CBN governor to the effect that ‘PPPRA had ceased granting subsidy on kerosene since the Presidential directive of 15 June 2009, but kerosene subsidy was appropriated for in the 2012 and 2013 FGN budgets.’”

From the above we see evidence of at least $5.5 billion dollars missing by the NNPC in 18 months reviewed. The Jonathan government has been in power for almost 6 years. At this rate of unaccounted-for billions, no less than $22 billion is ‘missing’ or ‘unaccounted for’ in the world of former Sinate president David Mark, from open NNPC processes only.

This calculation is just one more of several on the different channels of revenue looting, before, during and after petroleum is sold, that find holes in the bucket through which not less than $130 billion has been looted by the Jonathan-led cabal the last 6 years and over $600 billion by the enmeshed devilish elite cabal since independence [see Punch, 27/10/2014].

This is big money. Really big money. This type of money could change the lives of all Nigerians at home and abroad even up to South Africa, and indeed could change the lives of all Africans.

So before president Jonathan leaves next month, on behalf of the good people of Nigeria; the 100 million desolate folk, the sick, dying and dead, we ask: dear president Jonathan, #WhereIsOurMoney?

[By Dr. Peregrino Brimah]

10 Comments

10 Comments

  1. J O

    April 23, 2015 at 7:58 AM

    Big big talk

  2. oge

    April 23, 2015 at 8:21 AM

    That money must come out whether the Otuoke Dr likes it or not. Refund or go to jail.

  3. i

    April 23, 2015 at 9:59 AM

    Perry, why are making so much noise, please OBJ is now one of your idols, he was minister of petroleum for eight years did you ever ask the guts to ask him to give account of the money he stole, a man that came outof prison and had less than twenty thousand naira and now came out and built a university, and other things, if you open your ****mouth and insult GEJ then you have no moral right to say anything.

  4. bae

    April 23, 2015 at 1:16 PM

    hmmm….nawa for nigerians…that money is gone and it gone forever be that…the only thing we need to do now is we shud see the changes they have been talking about in our new elected president buhari…we really need a change

  5. Spot 1

    April 23, 2015 at 3:49 PM

    I say you are the point.

  6. T

    April 23, 2015 at 4:01 PM

    True talk, that money can change Nigeria,they can do a lot in Nigeria with the money, can you imagine how much money they stole every day,some money can not even account for, this money belong to all Nigerians and our generation so please where is OUR MONEY.

  7. OmoKehinde

    April 23, 2015 at 6:54 PM

    The way some people reason to crucial national issues will make you wonder if they are really true Nigerians. The above comment by “I” shows the levels of ****dity, total ignorant, nativity, unpatriotic mindset of some people that comments on social media. I don’t know of any true Nigerian citizen that goes by name “I”. Only a fool will compare Apple to orange, even though they are both circular in shape, but they totally different from each other. President Badluck Jonathan inherited about 46 billions dollars surplus in Nigerian reverse the day he was sworn in. 44 billions dollars of that fund was from Obasanjo’s left over to president Yaradua. In less than a year, Yaradua administration added more billions of dollars to the nation’s reverse. But today, Nigeria is indebted to the tune of 55 billions dollars in deficit smaller nations like Brazil. This is unprecedented in African and Nigerian history that a low mentality, dumb, most wasteful, unpatriotic and an highly corrupt Jonathan sold more crude oil and realized far more revenue in five years of his presidency than an president ever. For the first five years of President Badluck Jonathan in office, he sold Nigerian crude oil Above $100 per barrel in the international oil market while Nigerian budgets in those periods were about $65 dollars per barrel. So where are all the surplus realize through oil revenue gain by criminal Jonathan in his first five years in office? He stole 20 billion dollars from the NNPC account to finance his failed 2015 reelection bid. Just yesterday, Minister of Petroleum-Diezan Madueke voluntarily put back 1.53 billions dollars back into federal government account. What about the remaining amount of 18.36 still yet to be accounted for? I know for sure that some of Jonathan associates including Diezan Madueke, Doyin Okupe, Pius Amyum Pius etc who looted the national treasury to deficit from surplus will be prosecuted, forced to return most of their loots with the help of international community, and they will finally be jailed for their crime against millions of suffering Nigerian people. This animal president in human body spent and wasted 2 trillion naira on his failed reelection bid. President Badluck Jonathan and all other president that have looted the people’s money for their own selfish reasons will not escape the judgements of God Almighty. They have turned our nation to laughing stock of the world because of the setbacks, poverty, and darkness they have stocked the country into. It is indisputable fact that President Badluck is the worse,most wasteful, most incompetent, and unpatriotic in Nigerian history. One more term of this zoologist would have destroy Nigerian destiny. Thank God for His intervention and for his deliverance of Nigeria from Jonathan and his barbaric wife weakednesss.

  8. ik

    April 24, 2015 at 7:45 AM

    I would never my comment, does it remove the fact that OBJ was a thief, or why are we so dumb in this country, and please can you still answer my question, OBJ was minister for petroleum for eight years did any of you have the guts to ask him to give account

  9. c

    April 24, 2015 at 8:00 AM

    Internet DR Brimah, why are you frustrating yourself over the money you know nothing about,are you saying all these for people to notice you or to seek for attention,pls if you have nothing reasonable to do with your time come I have domestic jobs you can do and earn some money before you will die of frustration. GOSH!!!

  10. Igbo boy

    April 24, 2015 at 4:35 PM

    Good question right there nice one bro and so many fools who are just ignorant still want to vote him n bring him back smh I weep for my country

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