During PDP regime when Olusegun Obasanjo and Atiku Abubakar were president and vice president respectively, most of Nigeria’s were corruptly privatised.
Some of shady privatisations were listed below:
NigerDock is the largest ship fabrication yard in West Africa sub region. When it was sold, its Ex-MD Engr. Nkpubre Okon, openly stated how “Mr Job Creator” ignored the Transport Ministry then to Open bid for NigerDock.
Atiku’s preferred bidder, ‘Global Energy’ that agreed to increase NigerDock’s workforce from 4,800 to 6,000 as part of privatization agreement dismissed 2,200 immediately it took ownership. Jagal Group that took over after Global Energy lost out on power play also sacked 1,400.
Nigeria Port Authority reform was purely contrived to grab landed properties. 10,000 workers were sacked & 133 bids opened for NPA properties consisting of 68 properties in Apapa, 28 houses in Ikoyi. The highest reserves bid was for a property in Ikoyi fixed at N390.4 Million.
NIGERIA RAILWAY
Did Atiku forget how 7000 railway workers were sacked in 2005 without compensation to reduce its workforce to 6,300? Another 1,260 were fired in 2006. When ATIKU and his Headmaster were leaving in 2007, they left ~N5 Billion in unpaid Railway pension arrears.
FEDERAL SECRETARIAT IKOYI
In 2006, Babalakin’s Resort Ltd acquired this 15 storeys prime asset overgrown with weeds from atiku and OBJ through a Development Lease Agreement (DLA) for N7.2Billion. A Court has asked Buhari to pay N54 Billion to Babalakin for that blunder.
The DLA, dated October 10, 2006, granted Babalakin Resort Ltd a 99-years lease to redevelop the Federal Secretariat complex, that OBJ & ATIKU had abandoned for 7 years into 480 luxury apartments. This was at the eve of their departure from government. The transaction was one for the road.
The DLA hit the rocks when Lagos State Govt in the interest of the public indicated willingness in acquiring the Federal Secretariat complex. LASG insisted it should be accorded right of first refusal since LASG is the Issuing Authority of the C of O, coupled with other reasons.
Finally, lets compare OBJ & Atiku’s first 3yrs in power to the first 3yrs of PMB that hasn’t retrenched one civil servant, but has bailed out states on salaries. Lets not forget Atiku was in charge of the economy and OBJ gave him free hand until Galaxy Backbone scandal happened.
In 2002, first 3yrs of the Obasanjo/Atiku, manufacturing accounts for 6% of GDP. Nigeria’s GDP fell by half for d first time in 20yrs. This was d year all textile factories in Nigeria closed down and unemployment was 28% within d formal sector alone; I repeat, alone!!
In 2002, UN estimated that 70% of Nigerians live below poverty line compared to 48.5% in 1998 under a military rule. Life expectancy fell from 54yrs to 51yrs. Two-fifth of every child below age 5 were malnourished and only 50% of the 128Million Nigerians have access to clean water.
What extra damage Atiku is proposing for Nigeria, he never meant well and will not do magic if allowed to come back as commander in chief when he could unleashed such terrible economic war against Nigeria as Vice President.
