FRANK UKONGA LECTURE – 12- BLACK ON BLACK IMPERIALISM: PRIVATIZATION OF NIGERIAN COMPANIES AND ASSETS: THE PROBLEMS PRESIDENT JONATHAN AND THE 7TH REPUBLIC MET ON THE GROUND WHICH THEY SHOULD SOLVE:


FRANK UKONGA LECTURE – 12-
BLACK ON BLACK IMPERIALISM: PRIVATIZATION OF NIGERIAN COMPANIES AND ASSETS: THE PROBLEMS PRESIDENT JONATHAN AND THE 7TH REPUBLIC MET ON THE GROUND WHICH THEY SHOULD SOLVE:
H.E. President Jonathan, Hon Tambuwal
 The privatization exercise of Nigeria was an outright rip off of the peoples of Nigeria and it should be revisited by the 7th Republic and by H.E President Goodluck Jonathan.
JOINT STOCK COMPANIES: In my book titled: The Seething World- Reparations for the Black Race- A functional Approach: what I wrote about the need for privatization is either to turn most of the Federal and state owned concerns to joint stock companies and holdings, and no Nigerian is legally allowed to own more than 10% of the stocks so that it can empower many Nigerian families and spread the means of ownership of production fairly evenly among Nigerians so that a large percentage of peoples can be empowered but the situation now is that less than 1%of Nigerians own the entire world and are stinking rich while 99% of Nigerians live in poverty, want misery, denigration, grief, death and shame.
PARTICIPATORY CAPITALISM: On the contrary to use the concept of participatory capitalism as in the case of Russia, Poland, etc and other countries that privatized same time with us. Shares were allotted to all citizens of the country as their share as the companies being privatized belongs to all citizens. And if a family wants to raise working capital they can sell their shares to any other share holder and raise seed money to begin something else. So it enriched the entire Nation of Russia which helped most Russian Families and Polish and Ukrainian families to begin to participate in the economy and today of the 100 richest peoples in the world in the forbe magazine, Russians are more than 30 and it produced a rich society.
THE BIG RIP OFF: In our own case the rich and some serving government persons bought the companies with moneys looted from the Nigerian treasuries using some big boys as fronts. So the entire country got short changed two times.
POVERTY AND THE GAP BETWEEN THE RICH AND THE POOR: It is sad and pathetic and this widened the gap between the have and the have not, poverty, joblessness, and a general decay of every thing in the Nigeria polity set in till today.
THE LOOTING OF OUR BIRTHRIGHTS: Many of this problems were not created by the 7th Republic nor by President Jonathan, but they inherited these problems including the colossal 16 billion dollars wasted by the OBJ era on illusive power sectors and sale of all government properties, utilities, refineries, seaports, insurance, reinsurance cooperation, big Oil concerns, gas companies ,telecommunication companies, oil blocks, oil wells, rigs, manufacturing companies, steel companies, sugar companies, salt companies, pulp and paper companies , rolling mills, etc  it is uncountable.
THE DUTY AND DESTINY OF PRESIDENT JONATHAN AND THE 7TH REPUBLIC: The duty of the 7th Republic and His Excellency President Goodluck Jonathan is to collect all these companies and properties back from the peoples that bought them by what ever means possible under the sun, in the principalities and in all other forms of consciousness there be.
EVERLASTING SLAVERY AND BONDAGE OF NIGERIANS:  All Nigerians, all members of the 7th Republic and families will be slaves to the families of those who bought our birth rights in exchange for pea nuts for ever and ever till the end of time; and all Nigerians will be their slaves from eternity to eternity.
THE ADAMANTINE LAWS OF CREATION AND THE GOLDEN RULES: They have been able to cleverly loot all production institutions to themselves, as strong metropolis of financial and means of production controls/pillars…all other monies and wealth in circulation will gradually gravitate like magnet to them as that is the law of capital and financial movement from those who have middle, small, and those who have nothing all will be sucked up gradually by those who have bought your birth rights in exchange for pea nut… that is the adamantine law in creation known to the esoteric minds and the gods alike…for this is the bitter truth….but it is written that ye shall know the truth and the truth will set you free…..you have known the truth today… then begin the actions to set yourselves and Nigeria free from eternal bondage….to set your generation upon generations to come free  from black on black imperialism, to set your children, grand children and great grand children free from eternal exploitations , eternal denigration, eternal beastiality and eternal slavery from generation to generation…. For as it is written you have nothing to loose but the chains…the fetters that chain you down and will chain your beloved country down from eternity to eternity. For ever and ever,    Good luck.



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