“When individuals steal N1billion and a group of
people share $2.3billion, budgets become padded by law makers, Governors pocket
billions of allocations meant for State
and Local Governments, no investment in infrastructure, repairs of roads,
electricity, and water, what you get is recession”, declared one Mr. Smith
Barkely, a Lagos based financial expert. He said there are no two ways to it; “
when militants go blowing oil wells, polluting the environment, destroying the commonwealth
and driving away investors, the consequences are bound to be grave”, he told
the Expose news.
Mr. Barkely said that what is happening now
should be considered as reality check for Nigeria. “No country can be bastardized for so long and be in good health”, he claimed. “When you have a
gang of 5 people who could share $2.3 billion and are still bragging and
walking the streets free with supporters hailing them, you don’t need to search
further”, said Mr. Barkely.
Another financial expert added: “we produce
nothing, share oil money monthly, leave nothing for reinvestment, import
virtually everything, yet we expect a strong naira; this is not possible”, he declared.
“Now with a senate and House of Reps that are too expensive, corrupt and narrow
minded with all their budget centered around themselves, there is nothing for
Buhari to achieve”. The man continued: “some elected people who are in the
senate and House and were former governors are still collecting hefty salaries
and allowances from jobs they vacated long ago”; this, he said, are most
unfair. Today, nothing has happened to the Adoke’s, diezieni, dasuki and the Okonjo’s.
“Only Dasuki is held; the rest, Wike,
Akpabio and his irks are still in power dictating the tunes whereas in other countries executions would have been sanctioned”, he
said. “Look at NIMASA and NAPEP former bosses, how they cleaned out their respective
organizations”, the financial expert disclosed. “Officials in Pencom, BPE,
NNPC, and PPMC all were alleged to have cleaned out without any conviction”, he
stated.
Now Buhari is in power and for close to a year
and half, Nigeria is in a swirl—going from bad to worse. The apex enforcement
Institutions may be doing their best, but it falls far short of expectations.
Nigerians now see the actions of EFCC and the ICPC as mere charade, a window
dressing exercise, because no one is watching anymore. “This is why Nigeria is in
recession”, announced the expert. Hear his conclusion: “Untill we learn to
punish culprits, the country may just be for those who stole and the rest hewers
of wood and drawers of water’!
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