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PRESIDENT Bola Tinubu’s former Spokesman in the South East, Denge. Dr. Josef Onoh, has taken a swipe on the former Vice President, Atiku Abubakar for alleged comments aimed at Tinubu and his family.
Atiku Abubakar the Presidential candidate of the PDP in 2023 elections had said President Bola Tinubu has effectively mortgaged Nigeria’s future to himself, his family and associates to an extent that even after he leaves office, it would be nearly impossible for the nation to break free from his shackles.
Atiku said: “Just as Alpha Beta, Primero. and others act as Tinubu’s proxies in Lagos, managing critical sectors and generating revenue for him and his family, he has begun to replicate this at the federal level.”
In response Onoh, who is the Chairman of Forum of former members of Enugu State House of Assembly said Atiku’s comments is misleading and aimed at generating resentment for President Tinubu and members of his family.
Onoh said that those who don’t know how Atiku was the forerunner of the current hardship and poverty in Nigeria when he mortgaged Nigeria’s future to companies of his cronies and associates that robbed the country of her assets, those are the devils we were warned about.
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Let me take His Excellency, Alhaji Atiku Abubakar and the world to memory lane and history of the atrocities of Atiku and how he crippled a nation that President Tinubu without no single fault of his, inherited a nation sitting on dynamite.
Let us not forget that Atiku was in charge of the economy and former President Olusegun Obasanjo gave him free hand until ‘Galaxy Backbone’ scandal happened.
FEDERAL SECRETARIAT IKOYI
In 2006, Babalakin’s Resort Ltd acquired this 15-Storey Prime asset overgrown with weeds from atiku and Obasanjo through a Development Lease Agreement (DLA) for N7.2Billion. A Court has asked the then former President Buhari to pay N54 Billion to Babalakin for that blunder.
The DLA, dated October 10, 2006, granted Babalakin 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 Government 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.
In 2002, first 3yrs of the Obasanjo/Atiku, manufacturing accounts for 6% of Nigeria’s Gross Domestic Products. Nigeria’s GDP fell by half for the first time in 20yrs. This was the year all textile factories in Nigeria closed down and unemployment was 28% within the formal sector alone!!
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 the 128Million Nigerians have access to clean water.
NigerDock was the largest ship fabrication yard in 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.
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Atiku’s 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 in power play also sacked 1,400.
Nigeria Port Authority (NPA) 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 then at N390.4 Million.
NIGERIA RAILWAY
How can His Excellency Atiku forget how 7,000 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 their administration were leaving in 2007, they left ~N5 Billion in unpaid Railway pension arrears.
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Nigeria Airways and their houses in GRA Ikeja then owned by the Nigeria Airways, whom was it sold to?
Nigeria RE. The biggest Re- Insurance Company in Africa, who bought it?
NICON Insurance, who bought it ?
NITEL was sold for peanuts and killed by them so that their investment in AiRTEL, MTN,GLO etc will yield dividends.
NITEL House one of the tallest in Marina was sold at giveaway price to former Speaker of House of Representatives, Hon Dimeji Bankole.
What is the Status of National Stadium Surulere?
Millions was budgeted for refurbishment by the Sports Ministry and nothing to show for it.
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Compare that Stadium to Lagos State owned Thunder Balogun Stadium, the difference is clear.
Nigerian National Shipping line, where are the ships?
They disappeared between 1999-2015 maybe that’s what encouraged Nigeria Air to disappear in the immediate past administration that President Tinubu is currently battling to ensure it appears.
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NEPA, after Obasanjo spent $16 billion, they broke down NEPA to several units and sold it to themselves and NEPA is still not efficient while Atiku’s Mikano Generators is powering Nigeria & her businesses!
Atiku sold Port Harcourt Refinery to their cronies in 2007 and President Yar’Adua reversed it because it wasn’t in the interest of the nation.
The Assets Management Corporation of Nigeria AMCON, the company that was set up to help the rich buy their debts, once alleged that, 350 Nigerians {out of 200million citizens} are responsible for 80% of AMCON’s N5.4 trillion debt portfolios.
The corporation also pointed out that, out of the millions of BVN numbers with the banks, only 100 BVNs collect 60% of bank lendings.
And this has left the banks with 13,000 bad loans worth 5.6trillion borrowed by “big men” who are now fighting to remove this administration so that they wont ever pay their debts!
“As Head of National Council on Privatization (NCP), from 1999, Atiku dug Nigeria’s economic grave for today’s extreme poverty and unemployment.”
There were over 600 Federal Assets when Atiku’s NCP started selling.
Atiku should tell Nigerians who bought what and what was left for the country when he left power in 2007.
To who did Atiku sell the following companies:
NAFCON
Eleme Petrochemical
Daily Times
Ughelli Power
Egbin Power
NICON Insurance
ALSCON
Transcorp Hilton Hotel
NICON Luxury Hotel
Sunti Sugar Ltd
NetCom House
Bacita Sugar Ltd
MM2
In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7Bn.
May I remind H.E ATIKU ABUBAKAR of Senate public hearing of August, 2011 which succinctly captures how Atiku through retinue of cohorts, fronts, shell companies, ring fenced over 70% of FG’s assets through a brazen daylight robbery privatization that he supervised.
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What I stated isn’t 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, (I’m surprised he accepted to be his running mate in 2023) Hope Uzodinma and Mohammadu Magoro.
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 Sitting of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company’s then Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment.”
FG’s Five percent share in Eleme Petrochemical worth USD27 million was never presented at the National Council on Privatization before it was sold to Indorama.
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Indorama recovered this amount selling Polyethylene and Urea to the entire West Africa sub-region in just 14 months.
The Atikulated Business Theory is a process of Sell to yourself Government assets that leaves millions in penury, to set his personal businesses that provides 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 the Government that mortgaged our future.
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A man who supervised sales of over 145 Federal Investments as a Vice President without a thought for the future and today he dares accuse President Bola Tinubu of mortgaging our future.
He did not revitalize them.
He did not resuscitate them.
He Atikulated and sold them to whomever agrees to his personal terms.
In the words of H.E Peter Obi “If Nigerians are in doubt of all I’ve said, Go and verify!”
To H.E. Atiku Abubakar, in the Christian bible the book of John chapter 8: verse 32. “And now you know the truth, and the truth will set you free.”
Atiku, go and learn to be a Statesman not a Salesman.
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