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Nairaland Forum / Nairaland / General / Politics / Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) (44732 Views)
Ngozi Okonjo-Iweala Attends Her Son's Movie Premiere In Hollywood (Photos) / Buhari Replies Critics: I Have Declared My Assets Four Times Since 1974 / Iweala Replies Oshiomhole, El-rufai; Denies Spending Oil Money Without Approval (2) (3) (4)
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Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by donuba61: 12:50pm On Jul 01, 2015 |
dekdek:Maybe u should tell ur duladiho to publishe that. Make Nigerians be the judge instead of shouting up n down. They are in charge of the ministry now and won't find it difficult getting that record 2 Likes |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by Kendumazy(m): 12:51pm On Jul 01, 2015 |
So, she believes Nigerians would trust her with that her wuru wuru facts and figures.. 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by sweat4wat(m): 12:51pm On Jul 01, 2015 |
What can they show for the billions spent nothing.
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Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by millionboi(m): 12:51pm On Jul 01, 2015 |
she get time 4apc |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by smithoo(m): 12:51pm On Jul 01, 2015 |
She had failed over the years to state how much is accruing into the federation account for any period before disbursement to states. 4 Likes |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by Kx: 12:53pm On Jul 01, 2015 |
Let us move our judicial proceedings, prosecution and defense from the media to the court of law. Enough of the accusations and counter accusations in the public domain 2 Likes |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by Kenobus: 12:53pm On Jul 01, 2015 |
These Apc Govs and govt are morons 2 Likes |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by dekdek: 12:54pm On Jul 01, 2015 |
donuba61: Its like u are just coming out from a cave. where av u been. This was revealed just this week. this was what led to the bitchh publishing what she just did Economic Council accuses NNPC of spending N3.8tn in three years without approval The National Economic Council, NEC, which was yesterday inaugurated by President Muhammadu Buhari, has revealed that the Nigerian National Petroleum Corporation, NNPC, spent N3.8 trillion in three years without approval. This was as it explained that whereas the state oil corporation claimed to have earned N8.1 trillion from 2012 to May 2015, what it paid into the Federation Account was N4.3 trillion. The revelation was brought to the fore by the Edo State Governor, Comrade Adams Oshiomhole, who was accompanied by his Kaduna and Zamfara states counterparts, Nasir el-Rufai and Abdulazeez Yari, while they briefed State House correspondents after the inauguration of the NEC at the Presidential Villa, Abuja on Monday. Oshiomhole disclosed that at the NEC meeting, which was the first by this administration, President Muhammadu Buhari instructed that the NNPC and the office of the Accountant General of the Federation were compelled to provide information in black and white on issues as they relate to the sale of the nation’s crude oil from 2012 to May 2015. According to him, “We are talking about transparency, we are talking about change. And what we saw from those numbers, I believe that Nigerians are entitled to know, is that whereas the NNPC claimed to have earned N8.1 trillion, what NNPC paid into the Federation Account from 2012 to May 2015 was N4.3 trillion. “What it means is that NNPC withheld and spent N3.8 trillion. The major revelation here is that the entire federation, that is, the federal government, the states and all the 774 local governments, the amount the NNPC paid into the Federation Account for distribution to this three tiers of government came to N4.3 trillion and NNPC alone took and spent N3.8 trillion. “Which means that the cost of running NNPC was much more than the cost of running the federation; that tells you how much is missing, what is mismanaged, what is stolen and these are huge figures. “We need to earn and spend, it is basic law in accounting that even if you run a cigarette shop where you sell Three-Rings (a cigarette brand), you don’t sell and spend. You sell, take to your bank account, and you budget for your procurement including cost of running your business. “There is no enterprise manager who goes to the market and sells and just begin to spend, otherwise nobody needs to budget. “And because you are running a democracy and you are running three tiers of government, and the resources involved belong to the three tiers of government, the only lawful way decreed by the constitution, this is not an administrative regulation, it is not a policy derivable from a circular, this is from the express letter and spirit of the Nigerian Constitution, as amended. “So if NNPC, for example, needs to spend money, it is obliged to prepare its budget like every other business enterprise. That budget will be scrutinised by the executive and forwarded to the National Assembly and the National Assembly will accordingly appropriate it. “If the federal government cannot spend without appropriation, why should any agency spend without appropriation? NIMASA (Nigerian Maritime Administration and Safety Agency), for example, whatever they earn, they are supposed to pay into Federation Account and also present their budget on their requirements. This is what the constitution provided for. “And this is what President Buhari has promised to do that henceforth all monies must go to the Federation Account. What you need, you budget for. Nigeria cannot continue with NNPC earning the money and spending it. “Where is transparency? Where is the role of the National Assembly? If they were doing their job, you won’t have a situation where the NNPC alone will spend N3.8 trillion and remit to the federal, states and local governments N4.3 trillion which means NNPC is taking about 47 per cent and that explains all the leakages we are talking about,” he stated. Yesterday’s indictment of NNPC by the governors confirmed the forensic audit report by PricewaterhouseCoopers (PwC) and the 2012 report of the Presidential Committee on the Verification of Fuel Subsidies, which both revealed that the corporation deducts as much as 46 per cent of oil receipts to meet its expenditure before remitting the balance to the Consolidated Revenue Fund, CFR. The Edo State governor, who had been consistently vocal in his allegations of sleaze in the oil sector, continued that: “Nobody is saying that parastatals should not spend money but they must return to budgeting. There is no major player, there is no major registered private company that will spend money without a budget. “Even in a private company, you will have your board of directors looking at your revenue, total sales, your turnover, your personnel cost, running cost, visibles and invisibles and you have the budget for the year; that is how every sensible business runs. “That is the way it was when President Buhari was Minister of Retroleum. So we are not reinventing the wheel, because that is the way it used to be and that is the way the constitution says it should be.” Oshiomhole explained that council also reviewed the status of the Excess Crude Account (ECA), stating that the former Coordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala, had reported to the council in November 2014. He alleged that the account had $4.1 billion as at then, “but today the Accountant General Office reported we have $2.0 billion. Which means the Honourable Minister spent $2.1 billion without authority of the NEC”. While alleging that the money from the ECA was not distributed to the states and local governments, the Governor added that, “This is why the NEC has set up a panel to look at what accrued, what it was spent for, when and by whom, so that Nigerians will have the full picture of all the transactions as regards the much talked-about Excess Crude Account.” The corruption APC accused PDP of has started under Buhari – Metuh On his part, Governor el-Rufai of Kaduna state pointed out that the ECA was started by former President, Olusegun Obasanjo around 2004 or 2005, confirming that he was in the administration and was part of the team that established the account. http://dailypost.ng/2015/06/30/economic-council-accuses-nnpc-of-spending-n3-8tn-in-three-years-without-approval/ 2 Likes |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by Ahmeduana(m): 12:56pm On Jul 01, 2015 |
Neyoor:LET ME TELL YOU ALL PEOPLE OF "aba ni wa oran bi a ri da village" THAT "bi a ba le ni, ba o ba bani, iwon la ba ni se ota mo" THAT IS A ENOUGH WARNING FOR YOU AGENTS OF BROOM PARTY! |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by petchi: 12:57pm On Jul 01, 2015 |
Governor Adams Oshiomhole shouldn't throw stones because he is corrupt too. 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by tochstorm(m): 12:57pm On Jul 01, 2015 |
ok now lets see what apc will reply with via there fore runner lara husband aka apkako master. |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by kokumo1949: 12:57pm On Jul 01, 2015 |
The issue here is not about sharing ECA money but who approved the sharing. We were told that NNPC generated N8.1 trillion in 3 years but remitted just above N4 trillion. The three tiers of govt has been short change. |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by esecoal(m): 12:58pm On Jul 01, 2015 |
come make she go park well......why always her she must to confess...small small na im dem de take catch theif in this Case she participated,aided and abe ted |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by spiralwedge(m): 12:58pm On Jul 01, 2015 |
NoMoreTrolling: the last time I checked the list of the people set in a commitee to probe, former gov Akpabio (now senator) was there. And he is in PDP 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by elohorayodele: 12:58pm On Jul 01, 2015 |
dekdek: No need for insults nah, we de quarrel? If you have a point to make and want to tell me what i do not know you don't need to be insult me. Futile most time having conversation with people on NL 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by esecoal(m): 12:59pm On Jul 01, 2015 |
they all are, even uu..... |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by Whynotthetruth(m): 1:00pm On Jul 01, 2015 |
dekdek: And you think you're intelligent by spamming this page with this trash?... Now, some questions to you and your "smart" oshiomole... 1)Is FAAC not constitutional? 2)Who appointed the finance commissioners? 3)Who does the finance commissioners represent in FAAC? 4)Does he and you not trust your Edo commissioner of finance? 5)Is he by any means insinuating that between abuja and home state that his finance commissioner loots some of the money? 6)Does his finance commissioner not report to him after every monthly faac? 7)Is it a problem of ego or looting to him? I need answers Mr Not Gullible"... thanks 11 Likes |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by TheAdvocate(m): 1:00pm On Jul 01, 2015 |
Neyoor: To work at the World Bank and reach the top no be beans. 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by omolami: 1:01pm On Jul 01, 2015 |
Someone is on a vendetta mission because a particular region did not vote for him. The dullard at work 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by tellwisdom: 1:01pm On Jul 01, 2015 |
Na money be this Abi na figure ...Ahhh this country should just burn to ashes make we forget living in a country full of thieves and greedy bastarddss 4 Likes |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by gbolsng(m): 1:01pm On Jul 01, 2015 |
dekdek:And you believe that? Commissioners have been involved in this since 2011, why is Oshiomole just discovering it was wrong now? Or when the money was shared did it go to the commissioners pockets or state coffers? Or has he sanction his own commissioner of finance for partaking in this 'law breaking exercise' 3 Likes |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by OgaJonah(m): 1:02pm On Jul 01, 2015 |
GodsMercy1:oleeee.....! |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by drss(m): 1:03pm On Jul 01, 2015 |
Neyoor:When will PMB jail Tinubu 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by bettercreature(m): 1:03pm On Jul 01, 2015 |
I wonder what all these igbo governors are doing with this big amounts |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by Whynotthetruth(m): 1:05pm On Jul 01, 2015 |
Bros midolian, vedaxcool, eruditor and others who believe in mudslinging on NOI...come let's argue with facts and figures here again |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by gbolsng(m): 1:05pm On Jul 01, 2015 |
Whynotthetruth: Thank you, i was shocked that the Governor opened his mouth and said this, maybe the stress of keeping up with his new wife is getting to him. 2 Likes |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by Akon419(m): 1:07pm On Jul 01, 2015 |
This woman is a talent. I heard buhari has started begging her to work with him but she refuse. People like oby ezekwesiri lobby for ministerial post even in the expense of blood innocent chibok girls but Ngozi iwuala is beg to come and work 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by ikkkkk: 1:08pm On Jul 01, 2015 |
NoMoreTrolling: Nice one bros 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by 9jagoodman: 1:09pm On Jul 01, 2015 |
OKONJO WILL FLOOR ALL OF YOU......., Guys stop the LIES and go to work |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by hsteven: 1:09pm On Jul 01, 2015 |
Who gave approval for the payments for subsidy and SURE-P from the excess crude account 1 Like |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by dekdek: 1:09pm On Jul 01, 2015 |
Whynotthetruth: |
Re: Ngozi Okonjo-iweala Replies Critics With Facts & Figures (photo) by ikombe: 1:10pm On Jul 01, 2015 |
powerfulsettingz:ajuju for the gods |
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