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Buhari To Inherit N8.1b Presidential Villa Debts - Politics - Nairaland

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Buhari To Inherit N8.1b Presidential Villa Debts by dridowu: 11:47am On May 25, 2015
When President-elect Muhammau Buhari moves into the State House after the May 29 handover, he will be confronted with N8.185,575,211.50 debts.

President Goodluck Jonathan will on May 28 conduct Buhari round the Villa – the seat of power in Abuja where facilities are said to be ageing.

About N3,647,793, 305.76 is needed to fix the infrastructure at the Villa.

These highlights are contained in a report submitted to the Federal Government Transition Committee, which is headed by Vice President Namadi Sambo.

The committee is expected to submit its report today to the Ahmed Joda-led APC Transition Committee.

The liabilities include contracts/service providers (N1,234,913,628.92), staff claims (N1,238,876,080.16), local contracts commitments and liabilities, including Julius Berger Nigeria (N6, 946,699, 131.34).

The report said: “The President had on December 3 last year approved the release of N3,394,168,460.95 for the payment of recurrent/overhead debts and capital debts due to other contractors, consultants and service providers. This is yet to be released by the Federal Ministry of Finance, it said.

President Jonathan, according to the report, on April 15 directed the Coordinating Minister for the Economy/Minister of Finance, Dr Ngozi Okonjo-Iweala, to look into the State House appeal for the release of at least N4billion to make part-payments out of the total outstanding debts of N8,185,575,2111.50 “to sustain the existing mutual and cordial relationships with the owed firms. This is still being awaited”.

The report said the N8.1b liabilities are outside the expenses on the renovation of the Defence House, the main residence/ president’s office, Aguda House/ Vice President’s office and other guest houses under the transition programme.

“The bills for these transition programme works are yet to be received and will be additional to the 2015 annual Service Level Agreement for the State House Facilities with an annual average commitment of N3,531,793,631.77 certified for 2014,” the report added.

Facilities at the State House have started aging and the budgetary provision increasingly becoming inadequate.

The report said: “The primary challenge facing the State House has been the inadequacy of successive budgetary appropriations. The State House annual appropriations do not match its actual activities, thereby leading to regular recourse to additional funding from Intervention Fund from the Federal Ministry of Finance.

“About 283 of the temporary staff not found eligible for regularisation were with the approval of His Excellency, the President given contract. appointments renewable annually based on performance and fitness.

“ However, payment of their salaries(an average of N8million per month) is from State House overheads provision, which remains a huge challenge to State House.

“The existing infrastructure for mechanical, electrical and associated components have aged and are performing well beyond their design lives.

“The proposal for their replacement/ upgrade has been reviewed and certified by the Bureau of Public Procurement in the total sum of N3,647,793, 305.76. However due to paucity of funds, phased implementation is being adopted for the most vital and critical works, starting with Phase I in the sum of N693, 119,509.55

“Inadequate office space to accommodate staff of the State House and inadequate operational vehicles for the efficient discharge of the activities of the various departments and units of the State House, including shuttle buses within the State House Complex and between the State House and the State House Medical Centre.”



http://thenationonlineng.net/new/buhari-to-inherit-n8-1b-presidential-villa-debts
Re: Buhari To Inherit N8.1b Presidential Villa Debts by Nobody: 11:50am On May 25, 2015
Buhari will have to be A Jesus When he gets to Power angry

FTC.
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God bless !!!

28 Likes 6 Shares

Re: Buhari To Inherit N8.1b Presidential Villa Debts by Nobody: 11:51am On May 25, 2015
This Jonathan Government SEF embarassed

1. Turn the place to a Zoo, Nigerians can go there on tourist attraction
2. Contact olx.com, Jide Taiwo, Osas & Osaji among other real estate developers to value and sell the premises.
3. Redeploy all the 283 temporary state house workers to railway department to reduce cost.
4. Request Julius Berger and other firms to write-off the debts
5. Turn the present operational vehicles including shuttle buses within the State House Complex to the Army to be used to fight terrorism.
6. Convert the State House Medical Centre to a general hospital for Abuja inhabitants and its environs.


Nonsense, I repeat nonsense cry

55 Likes 3 Shares

Re: Buhari To Inherit N8.1b Presidential Villa Debts by SkyBlue1: 11:51am On May 25, 2015
Jonathan has to be probed. So so debt everywhere when he ingerited credit.

39 Likes 1 Share

Re: Buhari To Inherit N8.1b Presidential Villa Debts by Mega2010(m): 11:51am On May 25, 2015
Only the presidential villa?what are they really doing all these years,just spending spending and spending ....Seems Jonathan is a flashy guy....seriously I pity this man

22 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by modath(f): 11:52am On May 25, 2015
God ;thank you for forgiving us in the nick of time,things may look bleak right now but...

There would have been no nation to salvage if this man had been allowed to continue till 2019!!!!!

8bn debt in addition to the 3bn or so on feeding allowance?? Do these people have plans of being buried alongside money in their coffins?!! lipsrsealed

94 Likes 3 Shares

Re: Buhari To Inherit N8.1b Presidential Villa Debts by dridowu: 11:52am On May 25, 2015
hmmmm debt here and there, I just hope the economy won't collapse totally. Nigeria no dy tire with gbese, ugwo, bashi. So with all the 2billion naira food they eat in aso villa, they can still owe 8billion naira
lalasticlala.

15 Likes 1 Share

Re: Buhari To Inherit N8.1b Presidential Villa Debts by anulaxad(m): 11:53am On May 25, 2015
Jonathan, when you are probed, all those mansions you built in Otueke for your family and co will hopefully be seized to fund all this debt your are recklessly leaving behind, not to forget Patience multi-billion naira hotel in Yenagoa.

11 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by aderonila18: 11:54am On May 25, 2015
Chai, was dame eating gold sad

11 Likes 1 Share

Re: Buhari To Inherit N8.1b Presidential Villa Debts by georjay(m): 11:54am On May 25, 2015
Presidential villa wetin..isi gini Kilode

1 Like

Re: Buhari To Inherit N8.1b Presidential Villa Debts by GogetterMD(m): 12:03pm On May 25, 2015
How come local staff of the villa are owed s whooping 1.2billion naira?

9 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by Firefire(m): 12:09pm On May 25, 2015
/\ Some uninformed comments.

Zoo ko, Zoology ni. undecided
Re: Buhari To Inherit N8.1b Presidential Villa Debts by PassingShot(m): 12:19pm On May 25, 2015
At least no controversy in this report as it was put together by the outgoing government headed by Samboribobo himself.

What we are reading/seeing is only a tip of the iceberg. Wait till after the new administration fully resumes work to discover the true level of decadence that PDP/GEJ have plunged Nigeria into.

Had GEJ gotten a way to "win" the last election, Nigeria would SURELY HAVE COLLAPSED in another one year.

15 Likes 2 Shares

Re: Buhari To Inherit N8.1b Presidential Villa Debts by Burger01(m): 12:19pm On May 25, 2015
Jonathan! Phd Master of corruptionangry

18 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by DjHypno(m): 12:19pm On May 25, 2015
Hmmnn
Re: Buhari To Inherit N8.1b Presidential Villa Debts by intergral(m): 12:19pm On May 25, 2015
God is in control... He have his reasons for making GEJ and the dummies who vote him to fail and fail and continue to fail till he lost the election... Buhari did not win because of the North or south west... He won because God has answered our cries and prayers....

28 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by folabayo1(f): 12:20pm On May 25, 2015
God punish jona and bless buhari kiss

9 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by asumo12: 12:20pm On May 25, 2015
IDOWUOGBO
Re: Buhari To Inherit N8.1b Presidential Villa Debts by Sijo01(f): 12:20pm On May 25, 2015
He should settle the debt asap. that's why Nigerians voted for change cheesy cheesy tongue tongue

2 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by baybeeboi: 12:20pm On May 25, 2015
APC and propaganda.
Can someone tell them the election is over?

3 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by loomer: 12:20pm On May 25, 2015
Wetn dem wan put for the place, abi u wan tell me say everythin wey de d villa spoil.

I just de laugh this my country

6 Likes 1 Share

Re: Buhari To Inherit N8.1b Presidential Villa Debts by tiamiyukunle69(m): 12:20pm On May 25, 2015
Debt after wasting billions of naira on fruitless campaigns

8 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by magabounce(m): 12:20pm On May 25, 2015
ok o
Re: Buhari To Inherit N8.1b Presidential Villa Debts by ayusco85(m): 12:21pm On May 25, 2015
Ebele is leaving $60 Billion debt and a country with less than 1500 megawatts of power, no fuel, he permitted massive looting, radio stations, airlines and business are closing down due to lack of fuel, the Emperor abandons his country at the most critical time of need and yet clowns are demanding a Nobel prize for Goodluck Jonathan? Ko de ni ragba fun gbo gbo eyin Jonahedeens. Your life will remain as "pleasing" as Jonathan is leaving #Nigeria. You will be consumed by the same "fresh air" Jonathan is leaving in Nigeria. God will "transform" the life of you Jonahedeens the way your hero transformed Nigeria. I won't curse you guys, cursing you will be immoral. I only pray you continue to reap the way Nigerians are reaping from Jonathan today

27 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by Nobody: 12:21pm On May 25, 2015
When you live in a resource dependent economy.....debts come with the territory.
Re: Buhari To Inherit N8.1b Presidential Villa Debts by Wealthyone: 12:21pm On May 25, 2015
....and some called/calls him a HERO.

3 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by OrlandoOwoh(m): 12:21pm On May 25, 2015
Even with the 1 billion naira Jonathan gets yearly on feeding?

3 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by femi4: 12:21pm On May 25, 2015
Ojigbijigbi......Gbese re o!
Re: Buhari To Inherit N8.1b Presidential Villa Debts by Neduzze5(m): 12:21pm On May 25, 2015
He is the Messiah!!

I'm sure he can handle it.


#BuhariJoker!!

3 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by ZYZZA: 12:21pm On May 25, 2015
Is he the first to inherits debt or problem
Mchteeeeeew

Looking for ways not to work

2 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by Kx: 12:23pm On May 25, 2015
Cluelessness was merely sugar coating it, wickedness is the right word.

17 Likes

Re: Buhari To Inherit N8.1b Presidential Villa Debts by braine(m): 12:24pm On May 25, 2015
Jonathan has finished us in his country!!

2 Likes

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