Nigeria & the way forward (3): “This Yam, This Goat, This Country: PwC on NNPC – Part 1” –

April 30, 2015

Arts & Culture

I am re-blogging this piece that has reduced The Rape of Nigerians by NNPC Thieves to a language and state that should be understandable to all, and get even the most complacent of us mad as hell. The President-Elect has got his work cut out for him, and we Nigerians must be prepared and ready to help him in getting it done.


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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4 Comments on “Nigeria & the way forward (3): “This Yam, This Goat, This Country: PwC on NNPC – Part 1” –”

  1. emotan77 Says:


    When President Jonathan directed that the Report be made public, adding that he had nothing to hide, I thought he had read the Report inside out and upside down.

    The External Auditors’s observations are mind-boggling.GEJ and his goons have really pillaged Nigeria..CBN Governor Sanusi knew what he was saying after all. Note that the Auditors made it explicitly clear that the CBN under the new Governor and NNPC or whatever refused, failed or neglected to provide the much-needed information.The Auditors must perforce protect themselves from the strictures of the law by giving their reservations…do not want to be part of “creative accounting”(a.k.a.Arthur Anderson).

    Those who have any remote hand in the mess that is NNPC must face the rigours of the law, simpliciter.




    • emotan77 Says:

      Thanks, Mr. Akinsanya.

      Isn’t it baffling that the president would give the go-ahead for such a report to be made public! Every page one turns contains damning indictment of either a very careless president or a man – who, to quote his words – does not really “give a damn” about consequences.

      Whichever way one takes Jonathan’s thoughts – or lack of any about goings on – the reflection on a country the size of Nigeria and with her resources is damaging.




  2. emotan77 Says:

    Dear Tao,

    About two years ago, this blog carried the cry of a departing Brit expat who wondered aloud why “being dishonest is not socially frowned upon” .I remember that you contributed to this seemingly insulting dismissal of a whole people. The impunity that is at the bottom of most of the corruption in the country seems permanently destined to remain.

    Pardon me, even Dear APC seems perhaps already sending out feelers to test the ground by announcing that “the All Progressives Congress government would bring all corrupt government officials to book, amnesty may be considered as ‘a form of incentive’ for corrupt persons who voluntarily come out to return stolen funds.” I was more than surprised to hear Dr. Fayemi, the chief strategist for the President-Elect try to explain to BBC’s Ms. Badawi what he really meant by saying that return of looted funds by corrupt officials “is a form of justice”, or something to that effect.

    The interview can be checked out in its entirety at: “Buhari adviser: Amnesty ‘an option’ for corrupt officials” –

    There were governorship contestants in the recent elections who had been to EFCC and returned without a slap on the wrist; they wanted back in again, of course, in Nigeria, Inc., I guess. One would think a trip to the EFCC without a clean letter as attestation of non-guilt, OR, a trip that necessitated refunding money should automatically disqualify former government officials from ever contesting or holding public positions.

    Brazil and Nigeria? The comparisons are startling not least among which was the brazen role of top government officials in the Brazilian Petrobras corruption scandal AND the same government’s effort to provide what in Nigeria would be known as “soft landing”.

    Impunity in Nigeria and Brazil – and people who seem to cut public officials a lot of slack as far as stealing public funds – are among similarities in both countries that have led to corruption of this scale.




  3. emotan77 Says:


    Harsh facts; compare NNPC to Petrobras for crime and punishment.



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