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Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund - Politics (3) - Nairaland

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Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by mavinc4u(f): 5:17pm On Jun 24, 2015
Please have the chibok girls been found? Just curious

1 Like

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by anonimi: 5:19pm On Jun 24, 2015
denedene:
she can lecture JONATHAN'S minister but can't correct buhari on west Germany

So funny grin grin








2 Likes 1 Share

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by anonimi: 5:21pm On Jun 24, 2015
mavinc4u:
Please have the chibok girls been found? Just curious

The "campaign" to find them has been overtaken by events such as:

- Buhari won elections.
- Principal of the school nominated for Borno commissioner post.
- Oby hustling for her own settlement sharperly too.

2 Likes 2 Shares

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Caution30: 5:23pm On Jun 24, 2015
Madam Obi trying desperately to be relevant, hope Pmb compensate you with ministerial position for all your trouble!

1 Like

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Chinatownm(m): 5:24pm On Jun 24, 2015
raayah:


What do you know?

Edit : looking through this threads just depicts how low the intelligence rate on nairaland is.

There is no thoughtful reply to madam oby's message. A message that is simple and straightforward. It is full of insults and personal attacks on madam oby.

Madam simply stated that some revenue from oil are directed to the cbn, then converted to naira, before being spent. The remaining are put in ECA as savings.

Is it really hard to understand this??

The only tin there to understand is dat it was dis same Twitter account dat championed the bring back our gals syndrome dat most of us fell for. They made it look so real it was hard not to blv. Many pipol voted Buhari on dat same incident.
Right now I take whatever she says wit a pinch of salt.
Broda, let the accused respond b4 we start believing any oda tin.

1 Like

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by ohemdave(m): 5:24pm On Jun 24, 2015
shachris:
[img]http://www.nigerianbulletin.com/attachments/oby3-png.52708/[/img]
[img]http://www.nigerianbulletin.com/attachments/oby1-png.52710/[/img]




Oby: close your foolish mouth,nonsense.Let Nigerians see those chibok's girls you open your wide mouth and agitated for. Self seeking opportunity for appointment.

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Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by conyema12(m): 5:24pm On Jun 24, 2015
sammyj:
Madam Oby is right and this shows how careless the past government was in spending. Don't blame GEJ but put the blame on madam paper economics puff puff (Ngozi) who allowed all this financial recklessness happened right under her nose. !!! cool tongue

Did she not warn them of the impending doom. How will she have avoided it. Pls try and give credit to that woman.

She cried for the subsidy removal when she discovered that the money goes to the cabal but what happened?
She also warned them against sharing the excess crude cash, but Amechi championed the fight for the money to be shared.
Instead the bulk of the blame goes to GEJ for having no balls in implementation.

please next time try to get your facts very well before making assertion.

3 Likes

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Blitz888(m): 5:26pm On Jun 24, 2015
Applied knowledge is all that matters... Most of JEG's lieutenants had this knowledge but couldn't do jack.

1 Like

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Chinatownm(m): 5:31pm On Jun 24, 2015
Caution30:
Madam Obi trying desperately to be relevant, hope Pmb compensate you with ministerial position for all your trouble!

Lik they did to her compatriots principal of chibok secondary school in born wit a commissioner position.

God is watching them on 3D
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Godwin10123: 5:31pm On Jun 24, 2015
Whatever she said is same with what the minister said. Abt 3 billion dollars in ECA, 30 billion dollars in foreign reserve account and 200 billion naira in sovereign wealth fund. So what is the difference? The question shld be 're those amount balance in the said accounts? Buhari administration shld answer dat.

1 Like 1 Share

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by sammyj: 5:32pm On Jun 24, 2015
Madam cry cry baby. She is always crying and not doing anything. How can you remove subsidy then with out putting the necessary infrastructure (Palliatives) have our refineries working etc to ease the pains of the masses first which was a big flows by putting the cart before the horse. And for God sake where are the 2 refineries GEJ promised to build during his campaign promises when he won in 2011. The past administration and Madam puff puff are all part of a serious scam abeg !!! shocked tongue
conyema12:


Did she not warn them of the impending doom. How will she have avoided it. Pls try and give credit to that woman.

She cried for the subsidy removal when she discovered that the money goes to the cabal but what happened?
She also warned them against sharing the excess crude cash, but Amechi championed the fight for the money to be shared.

please next time try to get your facts very well before making assertion.
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Pesuzok(m): 5:33pm On Jun 24, 2015
I might be wrong.

I thought the ECA is the difference between the price of crude used as benchmark during budget approval and the actual price of crude in the market

2 Likes

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by wayaa007(m): 5:36pm On Jun 24, 2015
Oby, where are our girls now, that's what we need you for, you aren't okonjo iweala for you to be lecturing us on ECA...chibok activist please bring our girls!!!!!

2 Likes

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by obynaDmob(m): 5:39pm On Jun 24, 2015
ShineuEye:
What does she know, the hypocrite.

Shut ur smelling mouth please undecided
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Mistermamus(m): 5:41pm On Jun 24, 2015
diz woman just an OPPORTUNIST

1 Like

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by forkadict(m): 5:42pm On Jun 24, 2015
A very inarticulate way of defining the excess crude account.

My understanding of the ECA is this, if the government prepared it's budget on a certain price of oil per barrel e.g 30USD per barrel and oil sells at say 60USD per barrel. The difference of 30USD per barely, multiplied by the number of barrells sold is what goes into the ECA.

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Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Nobody: 5:44pm On Jun 24, 2015
What is this foolish woman ranting on about?
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by forkadict(m): 5:44pm On Jun 24, 2015
Pesuzok:
I might be wrong.

I thought the ECA is the difference between the price of crude used as benchmark during budget approval and the actual price of crude in the market

This was my understanding of the ECA as well. And she went all mumbo jumbo.

3 Likes

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Nobody: 5:46pm On Jun 24, 2015
Pesuzok:
I might be wrong.

I thought the ECA is the difference between the price of crude used as benchmark during budget approval and the actual price of crude in the market

There is a reason it is called excess crude account and as you rightly stated it is the excess revenue accrued from the initial benchmark.

2 Likes

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by UncleJudax(m): 5:46pm On Jun 24, 2015
tucky200:
Thanks mrs oby,
Some gullible(satanoids) nigerians don't knw dis guys are trying to cover up for their loot
Get them jailed, if you have the evidence and stop sleep-talking.

Obasanjo couldn't let us breathe with his 'IBB is corrupt, looted public treasury', but started 'serenading' for evidence when he assumed office, and of course, for his entire stay in office never did anything about it.

I hope it doesn't end that way with PMB.
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by denedene(m): 5:47pm On Jun 24, 2015
anonimi:


So funny grin grin








grin

1 Like

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by tucky200(m): 5:52pm On Jun 24, 2015
UncleJudax:

Get them jailed, if you have the evidence and stop sleep-talking.

Obasanjo couldn't let us breathe with his 'IBB is corrupt, looted public treasury', but started 'serenading' for evidence when he assumed office, and of course, for his entire stay in office never did anything about it.

I hope it doesn't end that way with PMB.
So,u are one of them (satanoids)
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by anonimi: 5:55pm On Jun 24, 2015
denedene:
grin


www.nairaland.com/attachments/2554105_meme0627628374_jpeg3e5340169a11db7d4a40dccddcedf336

Abeg this is classic Daura President pose, walahi grin grin

Hope sey you nor mind to allow me archive it for future use as appropriate wink

2 Likes

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by delords2: 5:58pm On Jun 24, 2015
Buhari hasn't called her yet; she may as well shout louder so that her name can be included for ministerial appointment. After which other people will lecture her on the Chibuk girls propaganda. Hypocrite!!!!!!!!!!!!!!!!!!!!

1 Like

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by delords2: 5:58pm On Jun 24, 2015
Buhari hasn't called her yet; she may as well shout louder so that her name can be included for ministerial appointment. After which other people will lecture on the Chibuk girls propaganda. Hypocrite!!!!!!!!!!!!!!!!!!!!
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by delords2: 5:58pm On Jun 24, 2015
Buhari hasn't called her yet; she may as well shout louder so that her name can be included for ministerial appointment. After which other people will lecture her on the Chibuk girls propaganda. Hypocrite!!!!!!!!!!!!!!!!!!!!
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Rawani: 5:58pm On Jun 24, 2015
Its not enough to just 'preach', but enforce. He was the President for darn sake.

That's the lack of purpose which leads to incompetence I was talking about.

anonimi:


Really

You and the BBOG woman who is searching for "empirical evidence" of corruption by her Dandy Daddy is the one who needs a lecture on how governors INSISTED on sharing the ECA funds while Jonathan was preaching prudence and caution =>

Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by MrP7: 5:59pm On Jun 24, 2015
This woman is the biggest hypocrite alive
She couldn't even say if Obadanjo is corrupt
She said there was corruption during her time why doesn't she start there
This woman is a big nuisance
She's trying to get a ministerial post
Madam please shut up your becoming a local nuisance
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by boxypane(m): 5:59pm On Jun 24, 2015
ShineuEye:
What does she know, the hypocrite.
What does she know?? Pls read the statement she wrote again.
Hmmmmmm.....
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by anonimi: 5:59pm On Jun 24, 2015
Rawani:
Its not enough to just 'preach', but enforce. He was the President for darn sake.

That's the lack of purpose which leads to incompetence I was talking about.

Are you a LAWLESS fella

How can he enforce something over which he has NO constitutional right?

I hope you can explain that..........

Meanwhile let me share what JagbaJantis of Bourdillon said 14 years ago =>


Tinubu Tackles FG, CBN On Excess Crude Oil Sales Account
Feb 22, 2001

The Lagos State Governor, Senator Bola Ahmed Tinubu, yesterday joined issues with the Federal Ministry of Finance and the Central Bank of Nigeria (CB N) over the recent face-off between the different tiers of government on the excess crude oil sales reserve account of US$ 1. 8 billion which is about N198 billion.

Expressing concern at the impression being created that the economy is rudderless, Tinubu argued that the central issue transcends the release or non-release of the fund into the Federation Account.

In his words: “The fundamental issues and principles at stake go much deeper. They are more broadly about the rule of law and the supremacy of the constitution on one hand, and the need for cooperation and coordination in a true federal structure, as a basis for sustaining and strengthening our fledgling democracy on the other hand”.

Governor Tinubu disagreed with the CBN's position that release of the excess crude reserves to the states and local governments, though legitimate, would lead to inflation; cause a rundown of the nation's foreign reserves; weaken the exchange rate further and run counter to agreements reached with the IMF.

The Governor contended that "in a period of excess capacity and low purchasing power, there should not be undue inflationary pressures from an injection of funds into the economy. Instead, such a development should be beneficial to economic activity and growth, despite the fact that there are supply rigidities and inefficiencies which would limit the potential benefits”.

On the purported likely impact on foreign reserves, Tinubu argued that "in an import-dependent economy such as ours, it is inevitable that an upturn in the level of economic activity would engender a fall in foreign reserves. This is not necessarily a bad thing. Rather, it would be immoral to appear to be building up high foreign reserves in the midst of grinding poverty”.

He stressed further that if the N198 billion released is matched by an equivalent US$1.8 billion, there should not be a fall in the value of the Naira as the supply of dollars would be in place to match any increased demand”.

Tinubu also said it would be unfair for the federal government to agree unilaterally to commit revenues due to other tiers of government, to an agreement with the IMF or anyone else.

Attributing inflationary pressures in the economy largely to the federal government's overspending and printing of money to finance such expenditure, Tinubu said "It is hardly fair for the FGN to overspend and then seek to correct the inflationary effect on the economy by starving other tiers of government of their rightful funds”.

Stressing that there is no basis for CBN or any authority to flout the constitution and deny states and local governments their own share of the Federation Account, Tinubu noted that "the excess crude reserve account is itself an illegality, carried over from the military era, as there is no provision in the law or the constitution for federally - collected revenues to be diverted to such an account”.

Advocating constructive dialogue on the management of the economy Governor Tinubu said "it is time for us to sit down and dialogue about how to move from where we are now, to where we need to get to, while respecting true federalism in fiscal and other matters”.

From: http://asiwajubolatinubu.com/archives/news/2001/02/22/20010222N01.html

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Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by boxypane(m): 6:00pm On Jun 24, 2015
OREMUSSANCTUS:
Imagine dis opolo woman and tinubu(opolo eyes) marry demselves, how u tink say dem pikin go be?



Marriage dey hungry u ba grin grin
Re: Oby Ezekwesili Lectures Jonathan's Minister Over Alleged $30billion ECA Fund by Neplusultra(f): 6:01pm On Jun 24, 2015
Jonathan is still giving Oby nightmares, she doesn't wanna hear anything GEJ.

1 Like

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