Speaker, House of Representatives, Mr. Aminu Tambuwal
The House of Representatives said on Sunday that the
Federal Government’s yearly expenditure was “over N20tn,”
contrary to the N4.6tn (2014) or N4.3tn (2015) disclosed to
Nigerians as the country’s annual public budget.
Its Public Accounts Committee, which made the disclosure
in Abuja, noted that, an ongoing examination of the finances
of government and its 601 agencies showed that the N4.3tn
given as the total spending budget for this year was a “far
cry” from the reality.
The Chairman of the committee, Mr. Adeola Solomon-
Olamilekan, who spoke on the issue, explained that,
unknown to Nigerians, the N4.3tn, for example, did not
include the expenditure of many “statutory and extra-
ministerial departments” of government.
He added that his committee found out that these other
agencies not captured in the regular budget, generated and
spent their money as it pleased them without seeking the
approval of the National Assembly.
The lawmaker put the budget of these other bodies at over
N16tn.
Solomon-Olamilekan explained further, “The N4.9tn, N4.6tn
or N4.3tn, as the case may be, is the budget that the whole
Nigerians are listening to but in the true sense of it, the
budget of other statutory and extra-ministerial departments
put together is about N16tn.
“So, the total overall budget year in year out is over N20tn,
which the executive arm operates, but nobody is asking
questions as to the implementation of all these budgets.
“Nobody is bringing information on the implementation of all
these budgets; and this is one area Nigerians need to start
asking questions in order to move this country forward.”
Solomon-Olamilekan stated that though the Fiscal
Responsibility Act, 2007, made adequate provisions on how
these bodies should be held accountable, the law was
observed in breach.
He cited the “stifling” of the Office of the Auditor-General of
the Federation as one of the ways to shield government
agencies from opening their books to scrutiny.
Solomon-Olamilekan said this was done by starving the
office of funds “over the years” to a point where it no longer
had the financial power to effectively audit the accounts of
the implementation agencies of government and its extra-
ministerial departments.
For instance, he revealed how the government cut the
capital budget of the AGF’ office from N1.9bn to a “meagre”
N100m in 2015.
The lawmaker said his committee was at a loss on how the
AGF’s office would audit the accounts of 601 agencies with
N100m and the country’s 144 foreign missions.
The PAC chairman added, “How can we imagine that the
capital budget of the office of AGF for the year 2015 was
reduced from N1.9bn to N100?
“Can you also imagine an office of the AGF that has 144
foreign missions to audit and as we speak, between 1999 to
date, that office has not audited up to 30 of these foreign
missions while three quarter of these foreign missions are
also revenue generating agencies?
“So, there is nobody to audit the revenue generated and the
expenditure they incur.
“The office of the AGF has been short-changed and the
budget has been reduced to nothing. As such, the
government of the day is having a field day to carry out
whatever its wants to do because they know they have an
office that is not functioning.”
The PAC has also been saddled with the responsibility of
retrieving the full report on the audit investigation into the $
20bn reportedly ‘missing’ from the accounts of the Nigerian
National Petroleum Corporation from the Minister of
Finance, Dr. Ngozi Okonjo-Iweala.
The House had, in plenary on Wednesday last week, given
the minister seven days to submit the full report to the
lawmakers.[b]Speaker, House of Representatives, Mr. Aminu Tambuwal
The House of Representatives said on Sunday that the
Federal Government’s yearly expenditure was “over N20tn,”
contrary to the N4.6tn (2014) or N4.3tn (2015) disclosed to
Nigerians as the country’s annual public budget.
Its Public Accounts Committee, which made the disclosure
in Abuja, noted that, an ongoing examination of the finances
of government and its 601 agencies showed that the N4.3tn
given as the total spending budget for this year was a “far
cry” from the reality.
The Chairman of the committee, Mr. Adeola Solomon-
Olamilekan, who spoke on the issue, explained that,
unknown to Nigerians, the N4.3tn, for example, did not
include the expenditure of many “statutory and extra-
ministerial departments” of government.
He added that his committee found out that these other
agencies not captured in the regular budget, generated and
spent their money as it pleased them without seeking the
approval of the National Assembly.
The lawmaker put the budget of these other bodies at over
N16tn.
Solomon-Olamilekan explained further, “The N4.9tn, N4.6tn
or N4.3tn, as the case may be, is the budget that the whole
Nigerians are listening to but in the true sense of it, the
budget of other statutory and extra-ministerial departments
put together is about N16tn.
“So, the total overall budget year in year out is over N20tn,
which the executive arm operates, but nobody is asking
questions as to the implementation of all these budgets.
“Nobody is bringing information on the implementation of all
these budgets; and this is one area Nigerians need to start
asking questions in order to move this country forward.”
Solomon-Olamilekan stated that though the Fiscal
Responsibility Act, 2007, made adequate provisions on how
these bodies should be held accountable, the law was
observed in breach.
He cited the “stifling” of the Office of the Auditor-General of
the Federation as one of the ways to shield government
agencies from opening their books to scrutiny.
Solomon-Olamilekan said this was done by starving the
office of funds “over the years” to a point where it no longer
had the financial power to effectively audit the accounts of
the implementation agencies of government and its extra-
ministerial departments.
For instance, he revealed how the government cut the
capital budget of the AGF’ office from N1.9bn to a “meagre”
N100m in 2015.
The lawmaker said his committee was at a loss on how the
AGF’s office would audit the accounts of 601 agencies with
N100m and the country’s 144 foreign missions.
The PAC chairman added, “How can we imagine that the
capital budget of the office of AGF for the year 2015 was
reduced from N1.9bn to N100?
“Can you also imagine an office of the AGF that has 144
foreign missions to audit and as we speak, between 1999 to
date, that office has not audited up to 30 of these foreign
missions while three quarter of these foreign missions are
also revenue generating agencies?
“So, there is nobody to audit the revenue generated and the
expenditure they incur.
“The office of the AGF has been short-changed and the
budget has been reduced to nothing. As such, the
government of the day is having a field day to carry out
whatever its wants to do because they know they have an
office that is not functioning.”
The PAC has also been saddled with the responsibility of
retrieving the full report on the audit investigation into the $
20bn reportedly ‘missing’ from the accounts of the Nigerian
National Petroleum Corporation from the Minister of
Finance, Dr. Ngozi Okonjo-Iweala.
The House had, in plenary on Wednesday last week, given
the minister seven days to submit the full report to the
lawmakers.[/b]Speaker, House of Representatives, Mr. Aminu Tambuwal
The House of Representatives said on Sunday that the
Federal Government’s yearly expenditure was “over N20tn,”
contrary to the N4.6tn (2014) or N4.3tn (2015) disclosed to
Nigerians as the country’s annual public budget.
Its Public Accounts Committee, which made the disclosure
in Abuja, noted that, an ongoing examination of the finances
of government and its 601 agencies showed that the N4.3tn
given as the total spending budget for this year was a “far
cry” from the reality.
The Chairman of the committee, Mr. Adeola Solomon-
Olamilekan, who spoke on the issue, explained that,
unknown to Nigerians, the N4.3tn, for example, did not
include the expenditure of many “statutory and extra-
ministerial departments” of government.
He added that his committee found out that these other
agencies not captured in the regular budget, generated and
spent their money as it pleased them without seeking the
approval of the National Assembly.
The lawmaker put the budget of these other bodies at over
N16tn.
Solomon-Olamilekan explained further, “The N4.9tn, N4.6tn
or N4.3tn, as the case may be, is the budget that the whole
Nigerians are listening to but in the true sense of it, the
budget of other statutory and extra-ministerial departments
put together is about N16tn.
“So, the total overall budget year in year out is over N20tn,
which the executive arm operates, but nobody is asking
questions as to the implementation of all these budgets.
“Nobody is bringing information on the implementation of all
these budgets; and this is one area Nigerians need to start
asking questions in order to move this country forward.”
Solomon-Olamilekan stated that though the Fiscal
Responsibility Act, 2007, made adequate provisions on how
these bodies should be held accountable, the law was
observed in breach.
He cited the “stifling” of the Office of the Auditor-General of
the Federation as one of the ways to shield government
agencies from opening their books to scrutiny.
Solomon-Olamilekan said this was done by starving the
office of funds “over the years” to a point where it no longer
had the financial power to effectively audit the accounts of
the implementation agencies of government and its extra-
ministerial departments.
For instance, he revealed how the government cut the
capital budget of the AGF’ office from N1.9bn to a “meagre”
N100m in 2015.
The lawmaker said his committee was at a loss on how the
AGF’s office would audit the accounts of 601 agencies with
N100m and the country’s 144 foreign missions.
The PAC chairman added, “How can we imagine that the
capital budget of the office of AGF for the year 2015 was
reduced from N1.9bn to N100?
“Can you also imagine an office of the AGF that has 144
foreign missions to audit and as we speak, between 1999 to
date, that office has not audited up to 30 of these foreign
missions while three quarter of these foreign missions are
also revenue generating agencies?
“So, there is nobody to audit the revenue generated and the
expenditure they incur.
“The office of the AGF has been short-changed and the
budget has been reduced to nothing. As such, the
government of the day is having a field day to carry out
whatever its wants to do because they know they have an
office that is not functioning.”
The PAC has also been saddled with the responsibility of
retrieving the full report on the audit investigation into the $
20bn reportedly ‘missing’ from the accounts of the Nigerian
National Petroleum Corporation from the Minister of
Finance, Dr. Ngozi Okonjo-Iweala.
The House had, in plenary on Wednesday last week, given
the minister seven days to submit the full report to the
lawmakers.

Where are we going in this country? Who are we to believe now?

Say it ain't so.

www.punchng.com/news/fgs-annual-budget-is-n20tn-not-n4-3tn-reps/


This is interesting

The problem with this country
If he was still at PDP,would he have disclosed that

@OP, after all these info, no sauce to eat it. Pls do the needful, add the source

We need change, and change will come.

Story story


Majority in The house

See money,no wonder they have too much money to waste,to campaign,soludo was right afterall that 30tr is missing under gej regime.

P.D.Pigs and lies. There's something sinister about this Jonathan led government.


GEJ! NEVER NEVER NEVER AGAIN!!!

NEVER!

$20billion Ain't Missing. It was Spent.

Gej

this is why we need to watch merlin season 10

Sensational lies .

Pure madness is when you manage to charge ur phone with ur nebo's gen and return to ur dark room to tweet PDP. I have decided to march4change.

There are two kinds of people in Nigeria today,those who want
CHANGE and those who want CONTINUITY. If you want change you
are safe, if you want continuity there are two things involved, is either
you reside in LAGOS or you are in PDP. If you are in lagos you are
safe, if you are in PDP there are two things involved, is either you are
Jonathan's family or you are naturally corrupt. If you are Jonathan's
family you are safe cox u r going back to Otuoke but if you are
naturally corrupt, there are two things involved, is either you leave
this country before March 28 or you remain. If you leave this country
you are save but if you remain, there is ONLY one thing involved, YOU have no choice but to CHANGE from your old corrupt ways or risk Jail.
VOTE BUHARI Vote Buhari.

The NASS has failed.

How on earth are these people abandoning their statutory functions to the extent of telling Nigerians to start asking their government questions.

Is Legislature not part of government? Are they paid for nothing?

Nigerians have been deceived into thinking that the LGAs, States, Legislature and Judiciary are now under one man called Good luck Jonathan hence all your woes, fruatration andsleepless nights are all his fault.

Where are the checks and balances in democratic government?

Shame on our lawmakers.

And some people will be asking Soludo how Jonathan and his crew managed to squander 30trillion in 4yrs. Once again, the truth is out and the darkness (PDP) is running into hiding.

Jonathan's is one of the most corrupt government in the world. And the volume of misinformation is alarming.

Things must Change. Sai Buhari.

This is no news to those who are very conversant with the way the finances of the federal government are managed. The office of the Auditor General is the only office created by the constitution to audit and fight corruption in MDA's. Unfortunately, the office has been so weakened that they don't even allow them to audit all the statutory agencies and commissions whose budgets are not captured in the federal government annual estimates. The Auditor General made it clear last year that he does not have any powers to audit the NNPC for example. Same goes to all other commission.

The immediate solution to this problem is for the National assemble to immediately pass the audit ordinance act amendment bill that is before them and also amend section 86(3) of the constitution so as to empower the auditor general to audit and report on the accounts of all the excluded agencies and commissions.

The Nigerian National Assembly must be the most useless National Assembly in the world. They only know how to whine and nag like an aggrieved wife but feign helplessness. The executive tear gasses the National assembly, they cry. The executive spends money any how without budgetary provisions, they cry. They assembly carries out investigations and make resolutions to the executive, the executive just ignores them and they cry again. In a sane country the president would have been impeached long ago. But in Nigeria it seems the legislature is only useful for collecting salaries, sitting allowances and constituency projects allocations.

so who consumes the rest

the way money is been mentioned in Nigeria, you would think we are literally walking on cash in the streets.

No real surprises here. Anyone recall this earlier debate about extra-budgetary spending?

KenGali: For claiming the price of the vehicles were inflated, I think Falana is a Liar. That is a new height for him, making unverified statements for mob action. Unbecoming of a lawyer.
Last I checked,
He does not transact in cars
Nor does he manufacture anyone.
Nor is he a procurement expert.

The only issue here is that it seems NCAA did not follow their Budget as they claimed. This has nothing to do with the Minister of Avaition.

You clearly have not been following events at close quarters. How can Falana be accused of lying about something Maduka has already admitted to doing?

Coscharis, represented by the company’s Chairman Mr Cosmos Maduka, alleged that the NCAA demanded an increase in the prices of the controversial vehicles over what the company had submitted earlier.

“NCAA told us that the initial price is not proper,” Maduka, said.

He also said the cars were sold to NCAA as used vehicles following the delay encountered when the company sought clearance from the office of the NSA.

PM News

While the committee insisted that the current price of the vehicle shouldn’t have ordinarily exceeded 50 million Naira each, Coscharis out rightly rejected it, saying it that could never be the case with BMW B 7 series anywhere in the world.

But in a bid to state the fact, Coscharis revealed that the NCAA demanded a jerk up of the prices of the controversial vehicles from what the company had submitted earlier.

According to the Chairman of the company, Mr. Cosmos Maduka “NCAA told us that the initial price is not proper”.

The hearing further revealed that the controversial cars were originally purchased on behalf of the Lagos State Government for the 2012 18th National Sports Festival and later sold to NCAA

Vanguard

And while we are still on the subject of vodoo economics...

Reps to probe NNPC over missing $14.9bn profi t from LNG

Mar 2, 2015

•Pass law to treat gunshot victims without police report

House of Representatives has concluded arrangement to commence investigation of the $14.9bn (N3trn) profit from the Liquified Natural Gas paid to the Nigerian National Petroleum Corporation NNPC.

The House is seeking to know what happened to the funds in question, which represented dividends accruing from the sale of liquified gas from 2004 to 2014 and which the Nigerian Liquified Natural Gas Company, NLNG, said it has paid to NNPC.

Chairman of the House Committee on Public Accounts, Hon. Solomon Olamilekan Adeola, made the disclosure at the weekend.

He said the committee will move a motion at plenary tomorrow to compel NNPC to bring relevant documents.

[b]It was reliably gathered that the NNPC in a swift move to stop the House from going ahead with the probe ordered its lawyer, Mike Ozekhome & Co., to write the committee last Friday.

Its major plank of argument was that the committee had no right to request for the LNG accounts.

Olamilekan-Adeola said: “We invited the LNG people to appear before the Committee on Public Accounts.

“They came and told us that Federal Government has 51 per cent holding in LNG, while 41 per cent is owned by Shell and other private sectors.

“Yes, if we have 51 per cent, how much of these funds have returned to the Federal Government as dividend? They said they have it and between 2004 and 2014 they’ve remitted it to NNPC coffers in form of dividends.

“We wrote to NNPC asking for an evidence for the sources of revenue, the bank statements, and if there is any expenditure for that account and any other item they can furnish us with.

“Just this afternoon (last Friday), we received a letter from their lawyer, Mike Ozekhome & Co., quoting section 88 and other relevant sections of the constitution as to why they cannot and will not come before the committee with these particular documents.”

The chairman explained further that Ozekhome’s chamber was a private law firm and does not represent the law courts, and that NNPC’s action shows “that there is more to what we’re seeing.”[/b]

He further stated that the committee made a simple request on transactions that concerns the generality of Nigerians, “And the next line of action is to go to your lawyer to start writing us and from there move to court to seek injunction preventing us from requesting for that document.

“This tells you the extent to which they have used the judiciary to stall a lot of investigations we are carrying out as a House.

“And on Tuesday, I want to come by a motion of urgent national importance, so that the House can know what is in the offing as far as LNG is concerned,” he added.

Meanwhile, the House of Representatives has passed the Bill for an Act to Make Provisions for the Compulsory Treatment and Care for Victims for Gunshot and Other Matters Connected Therewith.

The Bill, sponsored by Chairman, House Committee on Aviation, Hon. Nkiruka Onyejeocha, was passed at the Committee of the Whole at the weekend.

If the Senate concurs with the law as passed by the House of Representatives, it would mean that hospitals can treat victims of gunshots without necessarily getting police report.

Hon. Onyejeocha, while explaining the importance of the law, stated that the issue of conditional access to medication by victims of gunshots in Nigeria had generated thorny arguments among scholars, policy makers, medical practitioners and the general public.

“The central thesis of the argument from all sides revolves around the issue of saving lives vi’s-avis the provision of the extant law,” she said.

The lawmaker noted that the misinterpretation of the provision of the Robbery and Firearms (Special Provision) Act, Cap 398 of 1984 has been largely responsible for the refusal of medical practitioners to attend to gunshot victims which often time leads to loss of innocent lives.

She said that the bill would among others guarantee unrestricted access to medical services by victims of gunshots as well as further strengthens legal provisions and guarantee peoples’ fundamental rights to life and dignity of their persons.

“Despite the Act providing that it shall be the duty of any person, hospital or clinic that admits, treats or administers drug to any person suspected of having bullet wounds to immediately report the matter to the police, medical institutions in Nigeria have severally refused to attend to victims of gunshot requesting such victims to produce police report.

“The refusal of hospitals and other medical facilities to attend to gunshot victims amounts to a negation of the fundamental human rights of those victims to life as enshrined in the relevant sections of the 1999 constitution of the Federal Republic of Nigeria,” she submitted.

She explained that if law is assented to, it would make it mandatory for medical facilities to attend to individuals with such injuries without recourse to police report or approval for the purpose of saving lives and forestalling avoidable deaths –whilst making immediate notification to the police regarding such cases.

Source

This should be about the most outrageous concoctions ever spurned by that useless party, the APC.

This guy is to stupiid that he expects sane people to somehow believe that there are some Govts generating agencies that generates more money than NNPC, customs and FIRS. In fact, 5 times more.

Much as I would eventually oppose it, but I think that people who say that there should be consequences for people who raise false allegations in public have a strong point.