This is Buhari; the man, who stole $2.8 billion from the Petroleum account when he was the minister of Petroleum in the late 1970s. When Buhari was caught red handed, he said that he did not mean to steal the money but to simply put the money away into his personal account to yield interest for himself before returning the original amount of money to the Petroleum Ministry. Is this not stealing? He kept this money in his private account for two years before he was caught. For Alibaba and the forty thieves, this is not stealing. It is simply an Islamic logic.
Yet, nobody jailed him for this economic crime and he later-on was allowed to run for the presidency without screening by the so called Independent Electoral Commission. He won a manipulated election to be the president of Nigeria in 2015. When he came to Office, Nigeria’s debt was $60 billion US Dollars. Instead of paying the debt, he embarked on further borrowing. Within 8 years of his rule, he borrowed an extra $100 billion US Dollars, putting the National debt at $160 billion US Dollars as of today.
What did this guy do with the 100 billion US Dollars he borrowed within eight years? Where did he keep the money? Abacha did the same thing during his dictatorship and stole about 23 billion US Dollars. Babangida carted away with fifteen billion and Abubakar made away with eighteen billion. These Alibaba and the forty thieves are the great grandchildren of Usman Dan Fodio, the Fulani leader.
In the early 1970, the Nigeria foreign reserve at the World Bank was Plus 360 billion US Dollars. Nigeria was neck and neck with Saudi Arabia which had Plus 365 billion US Dollars at the World Bank.
What then happened to the Nigerian economy? Only, the Nigerian army can answer the question. The army set up a revolving door and organized fake military coups – this general declares a military coup, carts away with billions, then another Fulani general does same and on and on until the Nigerian foreign reserve of about 360 billion US Dollars dwindled to 0.00 Dollars.
Then, the country started borrowing and accumulated a debt of sixty billion US Dollars in 2015. Then Buhari, this man came again, instead of paying the existing sixty billion US Dollars, he borrowed an extra 100 billion US Dollars. Consequently, the Nigeria account at the World Bank is now Minus 160 billion US Dollars. How can this country survive? No way unless Peter Obi or any Ibo man rules, Ibos are financially prudent and this why the youth – Hausas, Ibos and many others want him.
Effects:
A Supreme Court judge earns just $2,000/month.
A Federal minister earns just $1,800/ month.
A junior doctor earns $400.00 per month.
This is why everyone, including bank managers, is collecting bribes.
Only the senators, members of the House, the Chairmen of the local government and the governors have money because they steel 100% the money allocated for services.