Tuesday, February 3, 2009
NIGCOMSAT IS A FRAUD, WHERE WAS THE LAST INSURANCE?
When the last Nigeria's Chinese made and launched satellite failed, NigComSat, the body responsible for the project assuaged Nigerians by stating that an insurance policy covered the failed satellite and that it will be replaced at no additional cost to Nigerians? As soon as the embers of anxiety died down, NigComSat dropped this f***ing bomb - Nigerians will have to pick up the tab for a new satellite, another whopping $500million dollars?
Icheoku asks, whatever happened to the alleged insurance which covered the first satellite? This satellite "business" is a Federal government of Nigeria sanctioned scam-unlimited! Nigerians are once again being taken to the cleaners by a bunch of swindling Northern mallams, who have been milking Nigeria dry all these years since independence in 1960. Where is the National Assembly oversights committees or are they a party to this mind-boggling satellite-fraud of the century? Where is the EFCC or is $500 million dollars not huge enough for their investigative searchlight? This is blue-murder and should be resisted by the national assembly. NigComSat Managing Director Ahmed Rufai (right) must be a front-man for some very greedy, fraudulent and highly placed Northern Oligarchs who are siphoning Nigeria's scarce foreign reserve, through this satellite scam, to continue to fuel their bureau du` change operations throughout Nigeria and the greater West Africa? When will enough be enough in Nigeria? When will such grand-scale criminal fraud be checked?
Using the same incompetent Chinese company, the same inferior satellite modules and the same Nigeria "experts" except for the only southerner Mrs Grace Ekpiwhri who has been removed from the conduit and redeployed to another ministry, is madness defined! This satellite business is simply to fleece Nigerians of another $500 million dollars? This is a typical example of doing the same things, the same way and expecting different result! Of the total investment of $251 million previously made by Nigeria in the other failed NigComSat 1, it was only able to recoup less than $7.5 million dollars in returns before the satellite failed leaving it with a net loss of over $244 million dollars in the red? What a "progressive" country, Nigeria really is?
See our other stories on this continuing NigComSat scam, click another nigerian official scam gone awry;