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Nairaland Forum / Nairaland / General / Politics / Okonjo-iweala Vows Not To Pay Marketers (1426 Views)
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Okonjo-iweala Vows Not To Pay Marketers by Kingspin(m): 7:47am On May 24, 2015 |
Okonjo-Iweala vows not to pay marketers •Calls N159bn subsidy payment claim fraudulent. The federal government is spoiling for a fresh showdown with oil importers over subsidy payment. This is coming as there is no end in sight yet for the current face off between the two sides that has grounded the nation for several days now. Finance Minister Ngozi Okonjo-Iweala yesterday accused them of submitting to government suspicious payment claims to the tune of N159billion in exchange rate differentials. The payment claims, according to her, reeked of fraud. She told reporters at a farewell meeting in Abuja that she would not approve payment of the claims unless verified by the relevant authorities. “Marketers were asking for N159 billion for exchange rate differentials from the outstanding N200 billion. There has been so much fraud and scam so I have refused to sign for that money but have agreed that a committee be set up involving the Central Bank of Nigeria (CBN) to verify marketers’ claims,” she said. ”Marketers just want to make Nigerians suffer,” she added. The minister also slammed the marketers for allegedly blackmailing Nigerians and asked the people to resist. Insisting that the current fuel scarcity has nothing to do with paying the marketers, she said: “They are making a lot of money from black market activities, people should rise up against the blackmail of oil marketers. “I will not pay the N159 billion without verification, Nigerians should not allow themselves to be blackmailed.” The minister said there was something curious about the supply of and payment for Premium Motor Spirit (PMS). Her words: “I cannot say that the problem is due to not paying marketers, the process of paying marketers is always a rolling process and there has never been a time government reduced its financial obligation to marketers to zero. “In a year where so much effort has been made to pay marketers including prioritizing their payment as subsidy claims in favour of other financial obligation like paying contractors, yet fuel scarcity still persists at this particular point in time suggests that something suspicious is happening.” She responded to the claim by Vice President-elect, Prof. Yemi Osinbajo, that the Jonathan administration will be leaving a $60 billion debt burden for the in-coming government. She said that Nigeria’s total debt indeed stands at $63.7 billion but it is the totality of all the debts incurred by successive governments since 1960. “No $60 billion was accumulated under the Jonathan administration,” she said. She added: “Current debt stock includes both federal and state governments debts made up of $9.7 billion external debt or 15 per cent of total debt stock and $54 billion or 85 per cent domestic debt stock. “Nigeria is still repaying the multilateral loans it collected on concessionary terms with as long as 40 years maturity periods.” The breakdown of the accumulated domestic stock is $18.575 billion outstanding by 2007, $17.3 billion accumulated between 2008 and 2011 and $18 billion accumulated between 2012 and 2015. “This is so because of something that happened in 2010 because of the salary increment under Yar’Adua administration which increased civil servants salaries by 53 per cent. “Those bonds have been rolled over and government had to weather the difficulties because resources to fund such increase were not there,” she said. She described Nigeria’s debt to GDP ratio as one of the lowest in the world. On the domestic debt stock, she said 20 per cent is owed by state governments with Lagos state having an external debt burden of N1.169 trillion while the balance of 80 per cent belongs to the federal government. Reviewing her tenure, Okonjo-Iweala said she has no regrets in serving the country and declared that anyone called upon to serve Nigeria should consider it a privilege. “Some people criticise from afar but some came home in spite of challenges to serve,” she said. She faulted suggestions that the economy was mismanaged, saying: “The economy is reacting to the forces of demand and supply but there is hope for the country. Only that people will have to make sacrifices. “The out-going government, she said, achieved a lot but she lamented that “there are very serious attempts to rewrite history.” Meanwhile, there is still no respite for motorists and commuters across the country as the fuel scarcity persisted yesterday. Most filling stations remained shut and only a few managed to sell but at exorbitant prices. On the other hand black markets continue to thrive with operators charging as much as N350 per litre in parts of Lagos. http://thenationonlineng.net/new/okonjo-iweala-vows-not-to-pay-marketers/ |
Re: Okonjo-iweala Vows Not To Pay Marketers by Nobody: 7:49am On May 24, 2015 |
I love this!! |
Re: Okonjo-iweala Vows Not To Pay Marketers by Phinagold(f): 7:49am On May 24, 2015 |
I dey come |
Re: Okonjo-iweala Vows Not To Pay Marketers by modath(f): 7:53am On May 24, 2015 |
Dear Yale honourary doctoral degree recepient, its now that their claims are fraudulent??, the faroul lawan investigation debacle didn't throw up any facts abi , issokay... Make una kontinu.. We just have 5 more days to endure you, your gele and your clueless & vindictive oga... 4 Likes |
Re: Okonjo-iweala Vows Not To Pay Marketers by politricks: 7:58am On May 24, 2015 |
Phinagold:I wish Jonathan saw your 'personal text' and follow its words. |
Re: Okonjo-iweala Vows Not To Pay Marketers by baybeeboi: 8:01am On May 24, 2015 |
loving this |
Re: Okonjo-iweala Vows Not To Pay Marketers by haywire1: 8:01am On May 24, 2015 |
This girl called Okonjo-iweala again # 2 Likes
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Re: Okonjo-iweala Vows Not To Pay Marketers by valarmorghulis: 8:02am On May 24, 2015 |
things fall apart,naija which way |
Re: Okonjo-iweala Vows Not To Pay Marketers by indiraserv: 8:02am On May 24, 2015 |
modath:As in am glad someone else is seeing beyond the crisis ,that its Jona and his cohorts being vindinctive,but its ok.... Its darkest before the dawn! |
Re: Okonjo-iweala Vows Not To Pay Marketers by Beremx(f): 8:05am On May 24, 2015 |
After all these years,it is few days for her to leave that she knows the susbsidy payment is fraud? Why hasn't she ordered for an investigation since? Well,its just few days for the storm to be over. It is well! 1 Like |
Re: Okonjo-iweala Vows Not To Pay Marketers by phlemzy: 8:11am On May 24, 2015 |
Okonjo Iweala,if your principal had won,would you still be saying this same thing? Now tell us,how many of such Exchange rare differential in billions of Dollars have you paid since u assumed that office? Sum it up altogether and give us a figure. Then you will know that it is You,I mean You,NOI,that is the real frauding depleting the resources of this country. alongside your cabal & cartels. At least,we are all presently enjoying the last phase of the TRANSFORMATION that has been put in place by you and your clueless master. May you live to enjoy the 'rewards' of your handworks 2 Likes |
Re: Okonjo-iweala Vows Not To Pay Marketers by Nobody: 8:18am On May 24, 2015 |
And the marketers say, fu-ck you pay me! The incompetence of the drunkard administration has been laid bare |
Re: Okonjo-iweala Vows Not To Pay Marketers by Phinagold(f): 8:19am On May 24, 2015 |
politricks: Bros it will not still change anything |
Re: Okonjo-iweala Vows Not To Pay Marketers by obiZEAL(m): 8:19am On May 24, 2015 |
jail is luxury for this frog-eyed bitc.h... |
Re: Okonjo-iweala Vows Not To Pay Marketers by Jesusloveyou: 8:31am On May 24, 2015 |
Thank God for 'change' |
Re: Okonjo-iweala Vows Not To Pay Marketers by sammyj: 8:43am On May 24, 2015 |
Then if the fuel scarcity and the suffering of the mases continue, madam puff puff minister must be probe and jailed if this is a deliberate attempt to cause more problem for the incoming government !!! |
Re: Okonjo-iweala Vows Not To Pay Marketers by Nobody: 8:46am On May 24, 2015 |
ok na. Let the show begin. How can Government pay to import fuel and still the marketers make profit from selling instead of the Government. Something I can't figure out. |
Re: Okonjo-iweala Vows Not To Pay Marketers by oduastates: 9:28am On May 24, 2015 |
These corrupt goons do not even have the figures of the imported products to work with. It goes to show how hopelessly corrupt and inept they actually are . |
Re: Okonjo-iweala Vows Not To Pay Marketers by Dreambeat: 9:33am On May 24, 2015 |
The closest solution to all this is the removal of fuel subsidy and in the long term,building and refurbishing our refineries. |
Re: Okonjo-iweala Vows Not To Pay Marketers by abduljabbar4(m): 9:35am On May 24, 2015 |
God will punish you and your likes |
Re: Okonjo-iweala Vows Not To Pay Marketers by Nobody: 9:37am On May 24, 2015 |
Beremx:Oloribruku ode when she proposed total subsidy removal in 2012 touts like you were among those dancing and gyrating in ojota during the occupy naija protest. You can't eat your cake and have it at the same time 2 Likes 1 Share |
Re: Okonjo-iweala Vows Not To Pay Marketers by mekaboy(m): 9:52am On May 24, 2015 |
modath: You see why u will never get an award in ur life? U read but cant understand. 1 Like |
Re: Okonjo-iweala Vows Not To Pay Marketers by mekaboy(m): 9:57am On May 24, 2015 |
phlemzy: Empty barrels make the most noise and seek for likes by criticising pointlessly. They feel the administration is leaving and see this as an opportunity for final looting. They come up with unexplainable and unverified exchange differences and demand payment. If she goes ahead and makes such payment and later it is discovered that the amount is a false, people like u will say she knew and paid because she has her own share from it. Hypocrites. 2 Likes 1 Share |
Re: Okonjo-iweala Vows Not To Pay Marketers by modath(f): 11:53am On May 24, 2015 |
mekaboy: Shush!!!.what a mannerless evil little troll... Saw a post where you proposed she works as baba's finance minister, really With her textbook approach to economic realities? Same okonjo worked with OBJ & Nigeria's reserves went up, because he was there to direct her... She worked with the clueless one and the reserves is in the valley because she didn't have same direction but blind tribal sentiments has made you take leave of your senses !!! Defending the indefensible... |
Re: Okonjo-iweala Vows Not To Pay Marketers by phlemzy: 11:57am On May 24, 2015 |
mekaboy:If only u could just be a little reasonable. Spewing thrash in defence of fraud. Perhaps u're an indirect beneficiary. Why is it now that she realised that the said differential is a fraud,why has she not clamoured for it to be scrapped right from the very moment she discovered it. If u think she's voicing this out at the right time,then shame on you. |
Re: Okonjo-iweala Vows Not To Pay Marketers by FitnessNigeria: 12:13pm On May 24, 2015 |
The comments on this thread reeks of stupidity. Why can't people see beyond their nose. So If the marketers submits a bill of 2 trillion naira, the government should just pay them abi. Nigerians doesn't know what they want, confused species |
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