|
Hon Doe-Adjaho
must wake up from his own Rip Van Winkle state (2)
By: Prof Lungu
June 10, 2016
"... The Speaker, Hon
Doe-Adjaho...is not... serious when he criticizes
the Achimota-Ofankor Road "create, loot and share”
scam (while) sitting in his China-made armchair...
Fact is, at the same time that (he) is crying "fire"
about a GH˘87,500,000 ($22,727,745) padded cost
scam...he himself has been quietly presiding over a
more staggering “create loot and
share...scam"...$6,000,000,000...of Ghana's Oil
revenues...Doe-Adjaho himself is presiding over a
scam that is 27,413 times higher than the one he is
now condemning in public... So, how's that 17%
working for Ghana...Chairman Edward
Doe-Adjaho?...Wake up from that Rip Van Winkle
slumber, Speaker Doe-Adjaho...Stop the massive "loot
and share" of Ghana's oil revenues right now...,"
(Prof Lungu,10 June, 2016-rev).
We
continue with Part 2 of our essay on the Edward
Doe-Adjaho-supervised "create, loot and share” scam.
But first, here is an update on the Fair-Trade Oil
Share Ghana (FTOS-Gh) Campaign/Petition.
UPDATE: FTOS-Gh) Campaign/Petition:
We
understand that on 3 June, 2016, Mr. Edward
Doe-Adjaho caused to be withdrawn from the
Parliament of Ghana the 2014 version of the
so-called Ghana Hybrid System oil contract bill.
This is the scheme directly responsible for the loss
of over $6 billion to Ghana during the last 5 years.
According to our sources, they have replaced that
bill with a "2016 version". There has been no public
input or review. Needless to say, withdrawal of that
shameful bill was one of the core demands of the
Fair-Trade Oil Share Ghana (FTOS-Gh)
Campaign/Petition. (More updates will be
forthcoming).
Under the thumb of Mr.
Edward Doe-Adjaho and the NDC administration that he
is an integral part, Ghana has lost at least $1.2
billion each one of the last 5 years as Mr.
Doe-Adjaho and his gang of NDC MPs, including Mr. K.
T. "Hybrid" Hammond (NPP MP), have adamantly refused
to adopt a fairer contract for Ghana's oil.
As of the beginning of this year total loses in oil
revenues to Ghana is over $6 billion, and counting.
Need we point out that the $6 billion lost
to Ghana is money Ghana did not receive because
"Hon" Edward Doe-Adjaho has simply refused to do the
right thing for Ghana even though the risks to oil
companies have long dissipated, considerably.
Further, GNPC itself continues to pay production and
other costs not normally paid by sovereign owners of
oil, under world standard Production Sharing
Administration (PSA) contract system.
South
Sudan has one of those for its oil!
And so,
as a result, it is KOSMOS, Tullow, and the 33 oil
companies the last time we counted, that have taken
Ghana's lost $6 billion. It is they and Jon
Benjamin's-DFID agency, having so greased the skids,
it is they that are the biggest beneficiaries of
Doe-Adjaho-supervised and benign "create, loot and
share" scam. The grease is in part the $29 million
DFID "Revenue Management" program. That "Revenue
Management" Trojan horse is paying millions of
dollars to ACEP, the Petroleum Commission, Ghanaian
journalists and some media types so they will keep
their African mouths shut about the massive theft of
Ghana's oil revenues.
Doe-Adjaho and his gang
are not inclined to ask for a Fair Share for Ghana's
oil, and you know why, now!
This failure by
Doe-Adjaho himself to "exercise proper supervision"
is at a minimum an ethical violation.
But it
is worse.
It is negligence and a sickening
failure to exercise fiduciary responsibility reposed
in Mr. Doe-Adjaho by all Ghanaians.
This
failure constitute a scam.
It is a
dangerous, illegal, expensive con game on the People
of Ghana.
And so, we must inform Mr.
"Busy-Body" Jon Benjamin and all British citizens
that not only are there potentially serious
violations of Ghanaian laws, there are in addition,
potential violations of British law:
Ditto:
Using British development aid funds for propaganda
purposes in order to enable scams overseas.
In fact, we recently discovered that NGO ACEP, and
possibly other agencies, have recruited some
Ghanaian students. They have enrolled them in what
they now represent as Masters level "Oil and Gas"
course. It sounds a lot more like the reported
unaccredited d Trump "University" scam. A major
principle (we call it PROPAGANDA) of NGO ACEP's "Oil
and Gas" course is that while the PSA is worthwhile
for South Sudan, the PSA is worthless for Ghana.
NGO ACEP still continues receiving UK-DFID funds
for serving Oil Company interests and for keeping
their mouths shut about adoption of the PSA for
Ghana.
In all this Ghana oil money scam,
Edward Doe-Adjaho and his committee(s) have done
squat little to ensure Ghana receives a fairer share
of its own oil revenues. Rather, they continue to
bamboozle Ghanaians into focusing on that bright
object, the "Revenue Management" Trojan Horse. They
hid from Ghanaians the 2014 Ghana Hybrid Scam E&P
law they wanted to enact, until the revelation the
other day the bill has been withdrawn, and replaced
with a 2016 version.
But, all reasonable
minds will agree that Fair-Trade Oil Share ought to
be an elementary prerequisite for any useful
"Revenue Management" program for any country's oil,
unless it is of the Trojan Horse kind, like
UK-DFID's that does not ask if Ghana is receiving a
fair share to begin with.
We will say here
that even Rip Van Winkle, in his deepest slumber,
understands that a true sovereign must first receive
the sovereign's Fair Share of their own income from
a contractor they hire, before the sovereign (Ghana)
can reasonably better manage its own oil revenues.
The point is, you simply do not give up $6
billion to receive $29 million for your country, Hon
Doe-Adjaho!
So, how's that 17% working for
Ghana, Edward Doe-Adjaho?
In conclusion, what
Mr. Edward Doe-Adjaho and his clique in Parliament,
among them NPP hangers-on T. K. "Hybrid" Hammond,
are doing is a whole lot worse than the
Achimota-Ofankor Road scam.
Not that we are
saying the Achimota-Ofankor Road scam is of no
importance, that it does not deserve review. Surely,
not!
But, the Achimota-Ofankor Road, even as
bad as it is, pales in comparison to the Jubilee Oil
Fields scam. The Achimota-Ofankor Road is just about
Ghc83,960,000, ($21,808,245) over the NPP estimate,
representing about a 191% cost overrun.
On
the other hand, the $6 billion ( Ghc23,288,100,000)
loss is actually $5,978,191,755 (or $5.9 billion)
higher than the Achimota-Ofankor Road cost overrun.
In short, Edward Doe-Adjaho himself is
presiding over a scam that is 27,413 times higher
than the one he now condemns in public.
We
are saying that a $6 billion dollar loss is a whole
lot of money Ghanaians did not receive for
development: to construct schools, hospitals, more
and better roads, water plants, playgrounds,
sustainable solar power plants independent of
Chinese financing, etc.
THE VERDICT!
All rational minds can now deduce that based on the
record, Chairman Edward Doe-Adjaho has actually been
supervising the greatest financial loss to Ghana,
the biggest financial scam, ever.
Edward
Doe-Adjaho has quite literally turned over the
"Master Key" of the mansion to the Oil Companies.
Doe-Adjaho has turned over the key to KOSMOS and
Tullow. And instead of fixing the NPP mess, it is
the Oil companies and their profits that continue to
be important to Doe-Adjaho.
This is a lot
bigger failure.
It is a lot bigger failure
to "exercise adequate oversight role".
And
the proof is in the loss - $6 billion-plus, as
Edward Doe-Adjaho sits front-and-center in that
massive “create loot and share” scam.
Edward
Doe-Adjaho is the controller, the ring master, the
organizer!
Wake up
Wake up from that Rip
Van Winkle slumber, Hon Doe-Adjaho
Wake up
Wake up from that Rip Van Winkle slumber, Speaker
Speak
Do your job honestly and diligently for the
People
Show Ghana that draft, sir
Enact the
strongest Ghana-centered bill fairer and superior to
51%.
Tell "young" Mahama and the rest that you
cannot do it anymore
Tell them
Tell them you
refuse to carry their water, again!
So it
goes, Ghana!
SOURCES
Ghanaian
Chronicle. Parliament Has To Wake Up From Its Rip
Van Winkle State
By Ghanaian Chronicle,
(http://www.modernghana.com/news/693991/parliament-has-to-wake-up-from-its-rip-van-winkle-state.html/).
VISIT FOR MORE INFORMATION:
www.GhanaHero.com.
Read Mo'! Listen Mo'! See
Mo'! Reflect Mo'!
Prof Lungu is
Ghana-Centered/Ghana-Proud!
Subj: Hon Doe-Adjaho
must wake up from his own Rip Van Winkle state (2)
Twitter: https://twitter.com/professorlungu
Support Fair-Trade Oil Share Ghana
Campaign/Petition.
https://www.change.org/p/ghana-fair-trade-oil-share-psa-campaign-ftos-gh-psa/
Brought to you courtesy www.GhanaHero.comİ10
June 16.
|
