Monthly Archives: August 2016

This Yam, This Goat, This Country: Pwc On NNPC – Part 2

The Completion of the Mess I earlier posted.
Would hope to get a study from those in the field so as to suggest a recommendation to eradicate this mess. Please if you know or are competent in sharing and discussing this, then please make out time to say or post anything about it.


No one has the right to retain money that should come to the federation account. Constitutionally, it should come and then , if expenses are legitimate, they should be presented transparently and properly approved. To even admit that you have withheld $10bn or $12bn and then say this is what I did with it is, frankly speaking, not even the beginning of an argument” – Sanusi Lamido Sanusi, speaking to Gavin Serkin, author of ‘Frontier

Part 1 is here if you missed it.

We now know the measurement of the yam ($69bn) that was left in the care of the NNPC goat. And we also know how much the goat handed back to the Nigerian treasury ($50bn). The debate now is what right the NNPC had to eat so much ($20bn) of the yam belonging to the Nigerian people, if it had the right to…

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This Yam, This Goat, This Country: PwC on NNPC – Part 1

Some unfortunate past that has happened in this country one should use to correct for the future, else it becomes the daily today of stuck development.


Friends and countrymen; I beseech you by the mercies of God that ye do whatsoever it is within thine powers to prevent a frolic between the yam and the goat. For, as surely as the rising and setting of the sun, such an enterprise yieldeth only corruption, nay a sad ending for the yam” – Goodluck The Jonathan, First of His Name

Finally, we get a chance to see what PwC, the auditors, saw when they looked into the black hole that is NNPC. The full report is here (200 pages). It is not pretty.

I am not an oil and gas expert and much of the industry and how it works confuses me. But the PwC report is written in English so let’s try to parse it.

Remember The King?

A quick recap of what started all of this – King Mohammed Sanusi II, in his former…

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Unchanging Tides

If there’s only a change I can tune to,
Or accept that which makes me glad.
For I am wrecked in speech and strength, All my efforts in sweet waste;
Oh why is such a mood called futile
Where all your days work lulls to mock you.


If only one can know the energy burned,
To eek a living worth earning,
Why is man at the receiving end,
After all his toil is gained in emptiness;
For after so much is put to make him smile,
There comes another pouring sour seeds that cost him every dime.


Or is he at the point of endless wealth,
Where riches and fame comes with a snap of the finger,
Comfort, Happiness shall laugh him to scorn,
For such he shall find like an golden treasure.
His friends and family wallow in the spoils that come
But his heart shall search like one whose God is gone!

Bitter Sweet Feeling

But hey I have nothing  says another,
But I envy in the pride of happiness
Not being aware he is basked in mediocrity
And sentimentality in its highest climb;
This too the rich detests but can’t help being friends with his pitied nature.


In all of this, life is still unfair,
for one can’t tell the story of a rich,poor or middle-class man.
Their life seems like a parallel line for a start, then later one sees the other at a dividing end;
All shall come to make a shelter of experiences for each other
For life indeed is an Unchanging tide that’s worth a lifetime.


Waiting for Change


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