Monthly Archives: April 2015

This Yam, This Goat, This Country: Pwc On NNPC – Part 2

This sums it up.

Agùntáṣǫólò

No one has the right to retain money that should come to the federation account. Constitutionally, it should come and then , if expenses are legitimate, they should be presented transparently and properly approved. To even admit that you have withheld $10bn or $12bn and then say this is what I did with it is, frankly speaking, not even the beginning of an argument” – Sanusi Lamido Sanusi, speaking to Gavin Serkin, author of ‘Frontier

Part 1 is here if you missed it.

We now know the measurement of the yam ($69bn) that was left in the care of the NNPC goat. And we also know how much the goat handed back to the Nigerian treasury ($50bn). The debate now is what right the NNPC had to eat so much ($20bn) of the yam belonging to the Nigerian people, if it had the right to…

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This Yam, This Goat, This Country: PwC and NNPC – Part 1

Agùntáṣǫólò

Friends and countrymen; I beseech you by the mercies of God that ye do whatsoever it is within thine powers to prevent a frolic between the yam and the goat. For, as surely as the rising and setting of the sun, such an enterprise yieldeth only corruption, nay a sad ending for the yam” – Goodluck The Jonathan, First of His Name

Finally, we get a chance to see what PwC, the auditors, saw when they looked into the black hole that is NNPC. The full report is here (200 pages). It is not pretty.

I am not an oil and gas expert and much of the industry and how it works confuses me. But the PwC report is written in English so let’s try to parse it.

Remember The King?

A quick recap of what started all of this – King Mohammed Sanusi II, in his former…

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‘On such a full sea are we now afloat…’ – A Letter to the President-Elect

Agùntáṣǫólò

Mr President,

I really don’t understand what it means to ‘stand on existing protocol’. Nevertheless, I will go ahead and stand on existing protocol.

1. On the day that Deng Xiaoping became leader of China in 1978, he was just under 75 years old. Between 1980 and 2010, China lifted 680 million people out of poverty. There can be no doubt about it — Deng Xiaoping’s reforms which opened up China’s economy played the biggest part in the stunning transformation of that country.

At a mere 72 years old; age cannot be an excuse for you. You’ve wanted this job for so long anyway. Now, it’s showtime

2. Between 1870 and 1910, over a million Swedes (around 20% of the country’s population at the time) abandoned Sweden for a new life in America. They left a country that was a pretty poor and dark place and suffering repeated crop failures…

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