hmmmmm!

jamace:
Ask your LG Chairman.

na small boi na

courage54:
Nigeria will be great again if only we can reason together and join the train to salvage our dear Nation from this Govt of LOOTOCRACY where stealing is not corruption. God Bless Nigeria.

Muhammadu Buhari is the answer.

your LGA chairman is the answer not buhari okay?

http://www.premiumtimesng.com/news/top-news/173395-1-bn-excess-crude-money-missing-faac-meeting-ends-confusion.html

The Federation Accounts Allocation Committee, FAAC, meeting for November ended in confusion Tuesday as representatives of Nigeria’s 36 states and the Federal Capital Territory accused the federal government of not accounting for about $1billion(N168 billion) of excess crude oil money.
The Chairman of State Commissioners of Finance, Timothy Odaah, told reporters after the meeting which ended Tuesday night, that no state knew how the $1 billion difference reported in the Excess Crude Account balance, between October and November, came about.
The FAAC meeting is a monthly gathering of state finance commissioners and the federal finance ministry and the Accountant General of the federation, where federal oil receipts are shared between the federal and state authorities.
With falling oil price, the 36 states have turned more attention on the Excess Crude Account, which has depleted from more than $40 billion in 2007 to about $4 billion in 2014.
Though Mr. Odaah said the discrepancy has been noted for discussion at the next FAAC meeting, his disclosure called to question how transparent the management of the excess crude revenues is.
Prior to the October FAAC meeting, the Minister of Finance, Ngozi Okonjo-Iweala, had told reporters that the balance of the Excess Crude Account stood at $4.11billion.
At the event, the minster also revealed that the country’s external reserves rose from $36.6billion in June to $39.48billion as at October 16.
She also said the balance in the Sovereign Wealth Fund (SWF) stood at $1.55 billion.
But, at the end of the FAAC meeting on Tuesday, the Minister of state for Finance, Bashir Yuguda, told reporters that the current savings in the ECA had a balance of about $3.1 billion, raising questions about the $1billion difference.
Mr. Odaah had said on October that owing to the dwindling revenue allocation to the states from the federation accounts as a result of falling oil prices, the states had sent a request to President Goodluck Jonathan that $2 billion be shared.
But he said on Tuesday that the states had no knowledge how the balance suddenly dropped from $4.1 billion to $3.1 billion

Obinoscopy:
All these money you guys are sharing

On a serious note, our government at the federal, state and local govt levels need to be more prudent in their spending now that our revenue is slashed. No more ghana must go. No more embezzlement. No more misappropriation of funds. But will they listen?

It is well.

Our political leadership are very corrupt. They think oil will last forever. If they are wise they should start investing into the agricultural sectors. sadly the money they are sharing at the federal, state and local government ends up in individual pockets.

Our leaders just read budget that they will not execute for the year.

Now that oil wealth is getting reduce they should be thinking of positive management of our revenue for the good of the common man.

These guys wan finish us oooo

Adyrin:


He should answer to bokoharam first!


Abi bokoharam na from Oga Jona State or religion?






Say no to boko_godfadarizm!

wat is ur clueless president doing, is he not d president.
Awon ODE

LoveMEBaby:
I don't even feel like reading the post sef!!!

Me too

wat i culd say is dat gej govt passed foi bill n dis administration has being demostrating such act cos i bet d egba man dat wrote 1 stupid book my watch wuld used his veto power 2 suppress press n up till nau i wonder why dey hv not called 4 his head.

“As you can see, we are in for
some hard time. It is time for
all of them to look towards
raising more internally
generated revenue.
“But in the medium term, we
will also look at tax policy,
issues like the VAT.
“You know governors already
rose from their last nationally
economic council to say that
they will like the VAT to be
looked at,’’ Okonjo-Iweala
said.

I smell increase in every consumable goods in Nigeria.More austerity measure on the way. Ehya!

Dia is God ooo

Okonjo Iweala again