HOW ATIKU MADE NIGERIA THE POVERTY CAPITAL OF THE WORLD:
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Title : HOW ATIKU MADE NIGERIA THE POVERTY CAPITAL OF THE WORLD:
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Title : HOW ATIKU MADE NIGERIA THE POVERTY CAPITAL OF THE WORLD:
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1. NigerDock is the largest ship fabrication yard in the West Africa sub-region. When it was sold, its Ex-MD Engr. Nkpubre Okon, openly stated how *"Mr Job Creator"* ignored the Transport Ministry then to Open bid for NigerDock.
1. NigerDock is the largest ship fabrication yard in the West Africa sub-region. When it was sold, its Ex-MD Engr. Nkpubre Okon, openly stated how *"Mr Job Creator"* ignored the Transport Ministry then to Open bid for NigerDock.
The VP's camp preferred bidder, 'Global Energy' that agreed to increase NigerDock's workforce from 4,800 to 6,000 as part of privatization agreement dismissed 2,200 immediately it took ownership. Jagal Group that took over after Global Energy lost out on power play also sacked 1,400.
2. Nigeria Port Authority reform was purely contrived to grab landed properties. 10,000 workers were sacked & 133 bids opened for NPA properties consisting of 68 properties in Apapa, 28 houses in Ikoyi. The highest reserves bid was for a property in Ikoyi fixed at N390.4 Million.
3. NIGERIA RAILWAY
Did @atiku forget how 7000 railway workers were sacked in 2005 without compensation to reduce its workforce to 6,300? Another 1,260 were fired in 2006. When ATIKU and his Headmaster were leaving in 2007, they left ~N5 Billion in unpaid Railway pension arrears.
Did @atiku forget how 7000 railway workers were sacked in 2005 without compensation to reduce its workforce to 6,300? Another 1,260 were fired in 2006. When ATIKU and his Headmaster were leaving in 2007, they left ~N5 Billion in unpaid Railway pension arrears.
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4. FEDERAL SECRETARIAT IKOYI
In 2006, Babalakin's Resort Ltd acquired this 15 storeys prime asset overgrown with weeds from @atiku and OBJ through a Development Lease Agreement (DLA) for N7.2Billion. A Court has asked Buhari to pay N54 Billion to Babalakin for their blunder. https://t.co/cD7bTBBD6f.
In 2006, Babalakin's Resort Ltd acquired this 15 storeys prime asset overgrown with weeds from @atiku and OBJ through a Development Lease Agreement (DLA) for N7.2Billion. A Court has asked Buhari to pay N54 Billion to Babalakin for their blunder. https://t.co/cD7bTBBD6f.
The DLA, dated October 10, 2006, granted Resort Ltd a 99-years lease to redevelop the Federal Secretariat complex, that OBJ & ATIKU had abandoned for 7 years into 480 luxury apartments. This was at the eve of their departure from government. The transaction was one for the road.
The DLA hit the rocks when Lagos State Govt in the interest of the public indicated willingness in acquiring the Federal Secretariat complex. LASG insisted it should be accorded right of first refusal since LASG is the Issuing Authority of the C of O, coupled with other reasons.
5. Finally, let's compare OBJ & @atiku's first 3yrs in power to the first 3yrs of PMB that hasn't retrenched one civil servant, but has bailed out states on salaries. Let's not forget Atiku was in charge of the economy and OBJ gave him free hand until Galaxy Backbone scandal happened.
5a. In 2002, the first 3yrs of the ENDORSEE and the ENDORSER, manufacturing accounts for 6% of GDP. Nigeria's GDP fell by half for d first time in 20yrs. This was the year all textile factories in Nigeria closed down and unemployment was 28% within d formal sector alone; I repeat, alone!!
5b. In 2002, UN estimated that 70% of Nigerians live below poverty line compared to 48.5% in 1998 under a military rule. Life expectancy fell from 54yrs to 51yrs. Two-fifth of every child below age 5 were malnourished and only 50% of d 128Million Nigerians have access to clean water.
5c.
FACTUAL REPORT ON HOW ATIKU SUPERVISED THE SALES OF OVER 145 FG INVESTMENTS AS A VICE PRESIDENT !!!
FACTUAL REPORT ON HOW ATIKU SUPERVISED THE SALES OF OVER 145 FG INVESTMENTS AS A VICE PRESIDENT !!!
Please, I do not have any partisan political agenda, rather factual report on ATIKU as a Presidential aspirant in Nigeria.
Please, any or all ATIKU supporters or his campaign structure are free to deny these submissions with facts not sentiments.
I) “As Head of National Council on Privatization (NCP), from 1999, @atiku dug Nigeria's economic grave for today's extreme poverty and unemployment.
II) There were over 600 federal assets when @atiku's NCP started selling.
III) Atiku should tell us who bought what and what was left for the country when he left power.
IV) Nafcon
V) Eleme Petrochemical
VI) Daily Times
VII) Ughelli Power
VIII) Egbin Power
IX) NICON Insurance
'X) ALSCON
XI) Transcorp Hilton Hotel
XII) NICON Luxury Hotel
XIII) Sunti Sugar Ltd
XIV)NetCom House
XV) Bacita Sugar Ltd
XVI) MM2
V) Eleme Petrochemical
VI) Daily Times
VII) Ughelli Power
VIII) Egbin Power
IX) NICON Insurance
'X) ALSCON
XI) Transcorp Hilton Hotel
XII) NICON Luxury Hotel
XIII) Sunti Sugar Ltd
XIV)NetCom House
XV) Bacita Sugar Ltd
XVI) MM2
XVII) In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7Bn 😂
To those selling Atiku, let me remind you of @NGRSenate public hearing of August 2011 which succinctly captures how @atiku through a retinue of cohorts, fronts, shell companies, ring-fenced over 70% of FG's assets through a brazen daylight robbery privatization that he supervised.
This is nothing sensational. Its real-life facts and all the Senators are alive today.
The 2011 privatization Senate committee was made up of Senator Ahmed Lawan – Chairman, Senators Babafemi Ojudu, Philip Aduda, Mohammed Ndume, Ifeanyi Okowa, Hope Uzodinma and Mohammadu Magoro.
XIX) Lets look at Aluminium Smelting Company, ALSCON, that Atiku privatized.
ALSCON which Nigeria built with $3.2 billion, was sold to a Russian firm, Russal, for $130million. As of the time of sale, ALSCON had received $120million for the dredging of Imo River, but was never done.
When the Senate Seating of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company's Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment." EIA kii you there. 😹
XX) FG's Five percent share in Eleme Petrochemical worth USD27 million was never presented to at the National Council on Privatization before t'was sold to Indorama.
Indorama recovered this amount selling Polyethylene and Urea to the entire west Africa sub-region in just 14 months.
* *The Atikulate Business Theory: Sell to yourself Government assets that leave millions in penury, to set up personal businesses that provide for a few. @Atiku didn't employ the few hundreds he employed because he likes them, he needs them to work to preserve what he took from Government.*
XXI) Fam, the business acumen of Atiku you are bandying about is smelly.
A man who supervised sales of over 145 federal investments as a vice president, without a thought for today wants to be president.
He didn't revitalize them.
He didn't resuscitate them.
He sold them to whomever.
May Nigeria 🇳🇬 succeed”
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You are now reading the article HOW ATIKU MADE NIGERIA THE POVERTY CAPITAL OF THE WORLD: With link address https://newstoday-ok.blogspot.com/2018/11/how-atiku-made-nigeria-poverty-capital.html