posted
Yesterday BBC news publiished an article on how much money the Nigerian leaders have stolen from the country since 1960, the Nigerian chief corruption fighter Nuhu Ribadu reported that it was no less than 380 billion dollars. And most of it have ended up in European Banks (will most likley never come back to the country).
Lets see what you can do with 384.6 billion dollars
Yo can buy: 225 Space Shuttles 795,115 Rolls Royce Phantoms 400m PC computers <---- very important for the enhancement of the people 32m primary school rooms <--- extremly important for the enhancement of the people 3,800kg rice for each Nigerian
Now this is really sad for a country with such richness and blessing of natural resources like Nigeria to throw all that money away by giving it to European banks, where it results being apart of the European economy, while the average Nigerian struggles to survive the day.
And Nigeria is suppose to be one of the future leading countries in Africa
ps. this is not a flame thread, i just found this article depressing being a fellow African, and i though it might be important to discuss it, only civil inputs are welcomed.
Underpants Man Member # 3735
posted
This should go into Politics.
Yonis Member # 7684
posted
No it does not, in the politic section in this message board they only discuss arab politics, I think its more appropiate here.
Most people post here are African and African descent, and the issue with Nigeria is that a strong Nigeria means a stronger West Africa and a stronger West Africa means a stronger Africa, so it concerns us in this sub-forum
Arwa Member # 11172
posted
That is African corruption style, while for Europeans, it takes 50-100 years to steal the same amount money, the African leaders lack patience
Djehuti Member # 6698
posted
^^LOL Unfortunately so! Even the corrupt Asian politicians like the Philippines would not be able to get away with that!!
Of course, I blame part of this on Westerners who try to give 'charity' to Africa while not realizing that any money they send directly to the nations and not to non-profit organizations will just end up in the pockets of the tyrants!
posted
I believe that that figure is GROSSLY overstated. Firstly because, depending on the time frame covered, it is MORE than the total OIL revenues generated for that same time period. Secondly, if THAT much money was being taken by a hand full of AFRICANS they would be amongst the RICHEST people in the world and they arent. So, somehow it DOES NOT add up. I agree that over the last 40 years, Nigeria has generated $400 billion in revenue that has DISAPPEARED, but I DOUBT most of that money is in the HANDS of Africans. People seem to forget that NEO COLONIALISM puts a BLACK AFRICAN face on what is really a WHITE EUROPEAN system of EXPLOITATION.
Name 1 Nigerian multibillionare OIL TYCOON......
You cant.
Supercar Member # 6477
posted
quote:Originally posted by Doug M:
Name 1 Nigerian multibillionare OIL TYCOON......
You cant.
Here's one ...
Mike Adenuga; an oil business man, who has been referenced as a mult-billionaire on several occasions.
I know what you were getting at though.
ife hu Member # 12001
posted
Nigerian leaders and most of African leaders are a disgrace. Their greed and lack of intelligence is appalling and it makes the people who strive to live decent lives look bad.
Machiavelli Member # 11484
posted
LOL at the speculations. Nigerian hustlers are sitting pretty but you have to be in the system to understand
Also, there are many Nigerian multi-billionaires* & multi-millionaires* (we're not speaking in Naira here but in Sterling & Dollars), they just keep a low profile. You wouldn't want attention if you were sitting on that sort of money (from questionable sources) now, would you?
You guys are just going to have to wait for "the plan" to be completed before all becomes clear to the blind. The pyramid will soon be be unveiled. I hope y'all have a pair of shades cause the Nigerian sun shines bright
*how do I know? I know them personally, that's how.
MULLAH'S_REVENGE Member # 11724
posted
that's very sad if it's true
400 billion is thousands of schools,hospitals,new roads a few trips to the moon etc etc
you can do a lot with 3/400 billion even if it's spread out in a timeframe of 40/50 years
Machiavelli Member # 11484
posted
^that's true, but (correct me if I'm inaccurate) did Heru not use Set to defeat Set?
Doug M Member # 7650
posted
quote:Originally posted by Machiavelli: LOL at the speculations. Nigerian hustlers are sitting pretty but you have to be in the system to understand
Also, there are many Nigerian multi-billionaires* & multi-millionaires* (we're not speaking in Naira here but in Sterling & Dollars), they just keep a low profile. You wouldn't want attention if you were sitting on that sort of money (from questionable sources) now, would you?
You guys are just going to have to wait for "the plan" to be completed before all becomes clear to the blind. The pyramid will soon be be unveiled. I hope y'all have a pair of shades cause the Nigerian sun shines bright
*how do I know? I know them personally, that's how.
A businessman IS a hustler, I dont know WHY people dont understand that. Europeans have been HUSTLING Africans for centuries. MY point is why dont Nigerians and other Africans have MORE to show for their MILLIONS or BILLIONS than just a bank account? THAT is what makes me suspicious. Seems to me that these are BILLIONARES on PAPER ONLY. Money like that sitting in banks is MEANINGLESS. REAL money does REAL things like build construction companies, mines, farms, industries, factories, stores, import/export trade and so on. There is SOMETHING FISHY with all these so called BILLIONARES and MILLIONARES who have NO MAJOR INDUSTRIES to SHOW for ALL THAT MONEY. Nine times out of ten that money is being held by SOMEONE ELSE and they couldnt get a HOLD of it if they wanted to........
MANY corrupt politicians in Africa are said to be multi billionares and millionares but actually they are just FRONTS for a larger criminal enterprise run by Europeans and others who USE these politicians to further their OWN interests. This SCAM is most obvious when you see that the money of the said politician is tied up in a bunch of OFFSHORE banks and OFFSHORE holding companies, where it is hard to actually TRACE the money and identify who HAS it. THEREFORE, while the money IS being stolen and IS being deposited somewhere and CAN be traced back to some African politician and corruption, it does NOT mean it is going LITERALLY into the POCKET of that African politician. MOST LIKELY it is going into the pockets of THOSE who SUPPORTED that politician and put him into power in the FIRST PLACE. THOSE people behind the scenes are the REAL crooks and THOSE are the people who are the REAL industrialists, bankers and corporate tycoons who do REAL things with that REAL money. In other words, those are the REAL hustlers.
Finally, why is it African politicians are seen as somehow DIFFERENT than politicians ANYWHERE ELSE? ALL politicians are corrupted by the SAME bunch of international industrial bankers, industrialists and corporate tycoons who are RAPING Africa through corrupt African politicians, just like they RAPE other countries by supporting politicians and having these politicians push the AGENDA of the corporations over the will of the people. Africa is not UNIQUE and DIFFERENT in this regard. The ONLY thing that is different is that the COUNTRIES of Africa have been SUFFERING from EXPLOITATION for so long that they HAVE NO MONEY to BEGIN WITH. That does not CHANGE the attitude of these CORPORATE crooks however, as they will USE anyone they need to GET WHAT THEY WANT and they dont CARE about who suffers.
Africans need to control their OWN economies and put their money INTO their economies in order to create TRUE wealth and prosperity by having REAL industrialists, manufacturing companies, mining companies and other MAJOR industrial/financial/agricultural enterprises that will GENERATE wealth for a LARGE percentage of the population. FAKE African multibillionares who ONLY have money on PAPER and cant actually USE it are just FRONTS for the ongoing RAPE and EXPLOITATION of Africa by FOREIGN interests, IMO.
Machiavelli Member # 11484
posted
^you're of course speculating as to whether or not they have access to their money. I happen to KNOW that they do and they are MULTIPLYING it, quietly.
Some people would argue that, spending money in Nigeria to build (construction companies, mines, farms, stores e.t.c) is unproductive considering we already have ALL these things in Nigeria and they haven't taken the common man (of Nigeria) very far. Nigeria is under siege, economically. So you must understand that it is not so easy to spend the money in Nigeria. Smart Nigerian hustlers empower individuals from Nigeria, and not Nigeria itself (i.e. cause it's not actually possible at the mo, given the political climate).
My old man is in the Nigerian political system and I schooled with children of the last 3 Nigerian presidents and I tell ya, people are holding what they're holding. NOT ALL those who are holding on to these monies are "fools" as you seem to believe. This is my main point. There is a time for everything. Time reveals all.
Doug M Member # 7650
posted
quote:Originally posted by Machiavelli: ^you're of course speculating as to whether or not they have access to their money. I happen to KNOW that they do and they are MULTIPLYING it, quietly.
Some people would argue that, spending money in Nigeria to build (construction companies, mines, farms, stores e.t.c) is unproductive considering we already have ALL these things in Nigeria and they haven't taken the common man (of Nigeria) very far. Nigeria is under siege, economically. So you must understand that it is not so easy to spend the money in Nigeria. Smart Nigerian hustlers empower individuals from Nigeria, and not Nigeria itself (i.e. cause it's not actually possible at the mo, given the political climate).
My old man is in the Nigerian political system and I schooled with children of the last 3 Nigerian presidents and I tell ya, people are holding what they're holding. NOT ALL those who are holding on to these monies are "fools" as you seem to believe. This is my main point. There is a time for everything. Time reveals all.
Africa has been under siege economically, socially and culturally for 4,000 years. Where have YOU been at? This did NOT just start and it is a LAME excuse for NOT pushing out those FOREIGNERS who CONTINUE to EXPLOIT Africa for their OWN gain (true HUSTLERS) as opposed to those Africans who SIT on their money in such a way that it DOES NOTHING to further the interests of Africans CONTROLLING THEIR OWN ECONOMIC DESTINY. Controlling your ECONOMIC DESTINY is not measured in how many SO CALLED millionares/billionares there are on PAPER, but how many INDUSTRIES, FACTORIES and FARMS AFRICANS actually OWN AND CONTROL. Sure, Nigeria is a well off country in Africa and those who HAVE the money and industrial capacity should USE it to SPREAD the development of industries and infrastructure throughout the REST of Africa. THAT would generate MORE profit from trade and INCREASE the standard of living for MORE Africans on the continent, without them being EXPLOITED by foreigners.....
THAT is the issue I am getting at. Until Africans can BUILD their own TRUCKS, their own BOATS, their own HIGHWAYS, their own irrigation systems, their own MINES, their own POWER PLANTS, their own DAMS and so on, they will ALWAYS be at the MERCY of FOREIGN powers who will USE the PROMISE of such projects to JUSTIFY continued EXPLOITATION.
Machiavelli Member # 11484
posted
^I understand. But as an old simple Yoruba proverb states, there are many pathways to the eye of Oshun(river).
If things are done the way you have proposed, Nigeria may not even last another 40 years as a country. They say if you're going to take your hand out of the sleeping lions mouth, do it slowly & quietly.
There is a lot more to this game than meets the eye.
Machiavelli Member # 11484
posted
quote:Originally posted by Doug M:
...Until Africans can BUILD their own TRUCKS, their own BOATS, their own HIGHWAYS, their own irrigation systems, their own MINES, their own POWER PLANTS, their own DAMS and so on, they will ALWAYS be at the MERCY of FOREIGN powers who will USE the PROMISE of such projects to JUSTIFY continued EXPLOITATION.
Do you think the 'powers that be' will watch this happen? If this is to be done, it has to be done is one quick immutable move. This is the opportunity we await
Patience is required when playing chess.
Machiavelli Member # 11484
posted
Nigerians have the RIGHT TO VOTE! or do they?
^Spot the last 3 (including the current one) Nigerian presidents playing 'draft' in that pic. Is it coincidence or what?
wake up Black people the game of power is chess, not checkers
Willing Thinker {What Box} Member # 10819
posted
Yes^ I agree.
Obelisk_18 Member # 11966
posted
quote:Originally posted by Supercar:
quote:Originally posted by Doug M:
Name 1 Nigerian multibillionare OIL TYCOON......
You cant.
Here's one ...
Mike Adenuga; an oil business man, who has been referenced as a mult-billionaire on several occasions.
I know what you were getting at though.
Yep, America and the Emirates arent the only countries with fat corrupt oil CEOS! lol..... but the difference between those countries and Nigeria is that they actually spend their petro dollars the right way... you know to help build up the country.. or at least try to
Mystery Solver Member # 9033
posted
^The point is that there seems to be this assumption by some folks that Africans are somehow passive observers in the setup of foreign corporations and business enterprises in the exploitation of Africa's natural resources. In reality, there are thin social layers of Africans who do benefit economically from these business enterprises; it is the complacence of these social layers [of Africans] that makes it even more easier for foreign businesses to exploit Africa's resources.
^Is this selfish? You bet ya.
Is it stupid? Perhaps, when considering the plight of the general populace, at whose expense these business dealings are undertaken, but from the standpoint of the said African accomplices, they stand to gain economically in a substantial way. They don't stop to think about the greater part of the population. They do however, seek to protect the thin social layer of elites that they belong to, to the extent that it would affect them personally if the social layer were to be brought down. This social layer usually operates with relative impunity in African countries where incompetent and authoritarian ruling elites are backed financially if not militarily as well, by sponsor nations from Europe, the U.S., or 'east' [like China].
Geopolitical 'power' from 'military-industrial' complex? Well, in a number of African countries, the situation is almost akin to: If you can't beat them, then join them...this seems to be the premise which thin social layers of Africans operate from. No doubt the brutal and reactionary policy of colonization by European imperialism had played and continues to play a crucial part in bringing about this situation.
Djehuti Member # 6698
posted
^ And again I say these fat, spoiled, and greedy bastards are straight up direct descendants of the puppet rulers European colonists set up.--- They are the few natives of their African nations chosen and paid by foreigners (usally Westerners) to keep the rest of their people poor and downtrodden while the Western countries recieve cheap resources (including human labor).
Western Imperialism still lives-- and these African tyrants are proof of it!
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