We took it to the CBN but we were surprised at what happened. They told us that the subsidy account has not been credited because the N161bn has not been converted to cash by the ministry of finance.

Okija_juju: We want to see the statement of account and Passbook!...

take dat: The N161billion na Christmas bonus to GEJ and his gang of thieves

taharqa: Guy you usuali strive to undastad articles b4 commenting; surprisd that you didnt do same today... From d article the money is NOT missing nor was it Stolen nor is d account actuali 'empty'; the money has just not been CASH BACKED, period. That is simply a financial accounting term signifying that actual cash has not bn paid to an account by d paying authority (in dis case, d Finance Minister and d Accountant General Office) even afta d authorising approvals and instruments hv bn given. It is a usual Budgetary pattern.... This was just a Sensationalist HEADLINE , read d body of d article more carefully again

taharqa: Guy you usuali strive to undastad articles b4 commenting; surprisd that you didnt do same today... From d article the money is NOT missing nor was it Stolen nor is d account actuali 'empty'; the money has just not been CASH BACKED, period. That is simply a financial accounting term signifying that actual cash has not bn paid to an account by d paying authority (in dis case, d Finance Minister and d Accountant General Office) even afta d authorising approvals and instruments hv bn given. It is a usual Budgetary pattern.... This was just a Sensationalist HEADLINE , read d body of d article more carefully again

jmaine:

What's all the noise on this thread about . . . .A simple and straight forward reason was given . . . .

Billyonaire: The Subsidy Account at CBN has not been credited and they go to press ? All these years that Marketers have been robbing this country, did they go to press ? When they receive the money eventually will they go to press ? I am of the notion that subsidy should be removed 100%. N161b is enough to transform my village to New York within 1 yr and thats what is going to tbe paid to thesee disloyal marketers and the cash will find its way our of the borders.

Tintinix: Hmm! I read this post and then the comments and i marvel how poeple reach the conclusions they have reached in the blame Game!
GEJ has done his bit sent it to the senate for approval, he should work the work of others join?!
Money that has not been released should be found in GEJ's son's stomach? Or has been fritted away by NOI? How Ignorant!

People what if for the sake of assumptions that there are indeed processess to be observed before the release of these funds, (what if!), what if these were impacted by the yuletide period (what if!), abi most of una no go leave?

Work usually grinds or gets done much slowly this period due to human resources and availability and then all these people speaking anonymously.....

Tolexander: stay there and be anticipating when it is going to be converted to cash!
What was the fate of those ones they converted to cash? Why can't we shout now until the account is sidelined siphoning it to another account.

jmaine:

Lesson No 1 : - No amount of baseless screams and yelling can move or change any thing . . . .

Lesson No 2 : - Endeavor to always digest articles and stories before assaulting the reply button

Thanks....

na_joke: [/s]


u see the highlighted.....it is not the marketers that came up with that amount,na ur oga send the amount to National assembly to approve. You shld be askn how did your oga come up with such amount that can transform ya village to pay as you said "disloyal" marketer.

hmmmmmm.......this ur statement makes me think of the RETARDEEN'S THEORY