Did you ever wonder whether there was a $25B fraud at NNPC?
THERE WAS NO FRAUD. That is the one major lie that the PDP has tried to force on Nigerians. The Party's official spokesman boldly lied on @channelstv and was fact-checked by @AjuriNgelale.
THERE WAS NO FRAUD. That is the one major lie that the PDP has tried to force on Nigerians. The Party's official spokesman boldly lied on @channelstv and was fact-checked by @AjuriNgelale.
The strategy of propagating lies of @OfficialPDPNig which is; "If you tell a big enough lie & tell it frequently enough, it will be believed" is DOA because we know that the chief proponent of such a strategy was Adolf Hitler & he was disgraced. So too shall the @OfficialPDPNig.
“Claims on social & traditional media that $25b worth of oil contracts were awarded by the NNPC or that $25b in NNPC funds is missing are both false.
“No contracts were procured by the NNPC based on the leaked memo of the Petroleum Resources Minister of State."
“No contracts were procured by the NNPC based on the leaked memo of the Petroleum Resources Minister of State."
“For the sake of emphasis let me state clearly that both the Crude Term Contract and the Direct Sale and Direct Purchase agreements are not contracts for any procurement of goods, works or services, and therefore do not involve the use of public funds." premiumtimesng.com/news/headlines…
To explain the issue simply, Company "A" intends to shortlist contractors/ suppliers. The value of the goods that will be supplied will be "X" amount if they are eventually shortlisted for the contract. That value of several not yet "X" published tenders was what was summed 25b.
Read what Kachikwu himself said: thecable.ng/kachikwu-no-fr…. Excerpt below 
To make the point sink deeper: “Take both the Crude Term Contract and the Direct Sale, Direct Purchase (DSDP) agreements, for instance; these are not procurement contracts involving the expenditure of public funds. Both transactions are simply a shortlisting process in which...
..in which prospective off-takers of crude oil & suppliers of petroleum are selected under agreed terms, & in accordance with due process. “Attaching monetary values to these contracts is an arbitrary act that completely distorts understanding of the situation.”
In fact the FG & the NNPC will not commit any money to the five projects in question. Prospective investors were expected to source for funds as may be applicable.
The @OfficialPDPNig knows the truth but nevertheless recklessly continues to stoke the lies & their minions persist in the irresponsibility. Now is that what a reasonable opposition should do? Surely nationalism should be paramount. But alas @atiku 's spokesman even lied on TV.
Dear Buharists, when next you hear that $25b lie, #FactStrangleThem (@iyaboawokoya). We are iBMC and we are guided on our moral ethos of #FactsAboveLies.
Thank you and have a good Sunday.
