โIf you have a Nigerian Bank Account you need to hear what CBN just did , if you donโt know this your money could be frozen โ
- Lady educates Nigerians on the new CBN rule in a layman understanding. ๐ณ
Dear Mr. Obi,
The reports cited from the World Bank largely refer to retained earnings, cost recoveries, and debt offsets by agencies such as NNPC, rather than funds that have simply vanished from the Federation Account.
Dear Mr. Obi,
The reports cited from the World Bank largely refer to retained earnings, cost recoveries, and debt offsets by agencies such as NNPC, rather than funds that have simply vanished from the Federation Account.
@mutantXIII@biyibjorn Youโre not even worth educating as it is; this looks like a generational issue. Your mother for whatever whore she was, did her part, and now youโre out here continuing her family legacy of cluelessness and ignorance.
Frame 1: The President should sit down with his Governors and and make sure they build Primary Schools in their States.
Frame 2: It is the responsibility of the local government chairman to build Schools and Primary healthcare center.
Is Ameachi suffering from Alzheimer or itโs just convenient amnesia
Presenting โฆ34 trillion as โmissingโ or as evidence of institutionalised corruption is therefore misleading, as it conflates legitimate accounting deductions with outright diversion of public funds.
Dear Mr. Obi,
The reports cited from the World Bank largely refer to retained earnings, cost recoveries, and debt offsets by agencies such as NNPC, rather than funds that have simply vanished from the Federation Account.
Nigeria Is Bleeding From Within
It is deeply troubling to read recent World Bank reports indicating that, while Nigeriaโs Federation Revenue surged to โฆ84 trillion in just three years, a staggering 41% โamounting to โฆ34.44 trillion โnever reached the Federation Account. This sum exceeds the combined โฆ34 trillion earmarked for capital projects in the 2024 and 2025 Appropriation Bills, a comparison that underscores the gravity of the situation and signals that something is fundamentally wrong.
This is not a mere oversight; it points to institutionalised corruption on a massive scale. In 1994, when the Okigbo Panel reported about $12.4 billion from the Gulf War oil windfall as unaccounted for, Nigerians were outraged and the nation shook with indignation. Today, an even more troubling situation appears to be unfolding, yet it is met with a disquietening silence.
We are trapped in a lethal paradox: Earning more as a nation, yet having less to invest in healthcare, education, and infrastructure. From 2025, systemic โdeductionsโ have allowed agencies to capture more resources than entire states and even critical ministries.
These leakages explain why countries with fewer resources are out-performing us across key development indices. With such a broken system, how can we fix power, strengthen our schools, build resilient healthcare, or develop critical infrastructure?
Nigeria has no business being poor. We must stop these leakages through disciplined, transparent leadership driven by character. It is time to redirect our hijacked resources back to the people and move Nigeria into the league of developed nations.
With our collective resolve to change this corruption-infested system, a New Nigeria is POssible. -PO