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Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. (895 Views)

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Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by Elvis295(m): 12:50pm On Jul 12, 2015
APC should stop spreading falsehood. Buhari did not bail out States. the money was from NLNG. It was just an accumulated debt they owe the Federal government. So when the money finally came the federal government had to immediately share it to the three tiers of government. The Governors ( mostly APC) were very happy because it will help them to pay workers. So all those gullible nairalanders be aware. that is all.
Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by Precious91(m): 12:50pm On Jul 12, 2015
your source
Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by Leopantro: 12:55pm On Jul 12, 2015
So was it the state government that authorized NLNG to give them the money or was the money paid to the federal government who then authorized the money to be given to the states. Or those NLNG have the authorization to now pay state governments? Could it be that the money from NLNG never got to the federal government but was diverted to the state government?

Define bailout.
Since your intelligence is questionable, let me help you.

Definition of
bailout
The provision of financial help or
liquidity to a corporation that otherwise would be on the brink of failure or
bankruptcy .

For example, Chrysler, a large U.S. automaker was in need of a bailout in the early 1980s. The U.S. government stepped in and offered roughly $1.2 billion to the failing company. Chrysler was able to pay the entire bailout back, and is currently a profitable firm.

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Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by bewla(m): 1:01pm On Jul 12, 2015
what so ever
Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by podosci(m): 1:08pm On Jul 12, 2015
You forgot to mention the money from the NLNG has been diverted for years.....
Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by Haurmeday25(m): 1:13pm On Jul 12, 2015
Precious91:
your source
so you are saying States contributed the money for NLNG abi? undecided undecided
Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by Elvis295(m): 1:32pm On Jul 12, 2015
Leopantro:
So was it the state government that authorized NLNG to give them the money or was the money paid to the federal government who then authorized the money to be given to the states. Or those NLNG have the authorization to now pay state governments? Could it be that the money from NLNG never got to the federal government but was diverted to the state government?

Define bailout.
Since your intelligence is questionable, let me help you.

Definition of
bailout
The provision of financial help or
liquidity to a corporation that otherwise would be on the brink of failure or
bankruptcy .

For example, Chrysler, a large U.S. automaker was in need of a bailout in the early 1980s. The U.S. government stepped in and offered roughly $1.2 billion to the failing company. Chrysler was able to pay the entire bailout back, and is currently a profitable firm.
maybe Buhari should have decided to keep the money in his personal account. since u are too gullible to understand a simple explanation.
Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by SouthernBreeze(m): 1:35pm On Jul 12, 2015
Baba snail is a big scam. May God help us from these retrogresssive folks
Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by Elvis295(m): 1:39pm On Jul 12, 2015
podosci:
You forgot to mention the money from the NLNG has been diverted for years.....
APC will make u run insane someday. Diverted to where? how? explain. Who diverted it? Illiterate government and gullible followers.

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Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by Leopantro: 2:17pm On Jul 12, 2015
Elvis295:
maybe Buhari should have decided to keep the money in his personal account. since u are too gullible to understand a simple explanation.

Whatever you say, but seriously I like you. You remind me of when I was young, delusional and hated PDP.

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Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by podosci(m): 1:04am On Jul 13, 2015
For years now dividends from NLNG have not been remitted into the federation account but has been unaccounted for, the bailout giving to the governors is the first time any money from the NLNG has been shared between the FG and the 36 states, Bringing into Question where has the money been for the 6-7years or what was done with it?
Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by dustmalik: 1:13am On Jul 13, 2015
podosci:
For years now dividends from NLNG have not been remitted into the federation account but has been unaccounted for, the bailout giving to the governors is the first time any money from the NLNG has been shared between the FG and the 36 states, Bringing into Question where has the money been for the 6-7years or what was done with it?
Don't mind the wailers. They'll continue to wail. instead of them to appreciate the transparency of this government, they are busy wailing.

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Re: Buhari Did Not Bail States Out: It Was A Debt Recovered From NLNG. by Elvis295(m): 5:10pm On Jul 15, 2015
if wot ur saying is true let d gullible APC apparatchiks arrest Jonathan.

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