Saint!

Nice move

macandy21:
Why tell us now, well, good we still have some morally upright people, wish other members of the cabinet did same

#JustMakingCommonSense

After saying it, then what?

Stories that touch, but the guy could have done some meaningful work instead or resigning... Why didn't he come to light about this situation when he was appointed

Who is this coward!!! If he thought GEJ's government was corrupt why didnt he say it then? BTW enough of all this mouth action!! I want to start seeing proofs!!!

Hvcx

he is just coming out now to say this.

Watin com concern us now,abeg how can I make my own money.......

Will he just shut up, why didnt he explain the reason then to the nation. But now he does not want to be probe and also seeking for attention to get a post.

efilefun:
A former Minister of State for Finance, Mr. Remi Babalola, on Tuesday explained why he left the cabinet of former President Goodluck Jonathan.

Babalola, in a paper presented at the 45th Annual Accountants Conference and 50th Anniversary celebration of the Institute of Chartered Accountants of Nigeria described the lack of transparency in the oil sector under Jonathan as alarming.

Babalola, who chaired the Federation Account Allocation Committee between 2007 and 2010, said he left the previous administration owing to mismanagement of the nation’s resources.

In his paper titled “Achieving the Nigeria of Our Dream: The Responsibility of Professional Accountants,” he urged the administration of President Muhammadu Buhari to confront the endemic corruption whole-heartedly in order to resolve the country’s mal-functionality.

He said, “Our culture of impunity is the bane of the entrenched corruption in our society. The value destruction and corruption undermine any economic development or social change we may aspire for our nation.

“Mismanagement and misallocation of resources, coupled with an unprecedented level of corruption have been at their highest in the history of our nation in the last six years.

“Performance or success in public space was measured by the conversion rate of public funds into private accounts. It looks as if democracy has been substituted with kleptocracy.”

He recalled, drawing the attention of the nation to the parlous state of the Nigeria National Petroluem Corporation’s accounts five years ago, adding that many sympathisers feared for his life as it amounted to what he described as “stepping on a snake”.

He said, “I was unperturbed and unruffled but ready and willing to take a walk as a statement of intent that if they wanted to continue in that decadence of resource mismanagement, I was not going to be a part of it.”

The former minister decried the absence of transparency in the oil sector and the NNPC, regretting that the corporation’s core competence had been reduced to importing refined products and paying subsidies to bogus companies.

He wondered why it was difficult for the NNPC to compete with the likes of PETROBRAS of Brazil and PETRONAS of Malaysia.

“It is counter intuitive that we deliberately ensure that receipts and proceeds into the nation’s treasury are not accounted for.

“Such has been our contempt for process transparency that an incumbent governor of an operationally and legally independent central bank, who publicly alerted the nation, was forced out of a fixed tenure.

“Of course given its systemic importance to the economy, there is no justification for the state-owned oil sector monopoly (the NNPC) not to publicly publish its audited accounts and even quarterly accounts like all listed companies on the stock exchange,” he said.

Babalola, who is a Fellow of the Institute of Chartered Accountants of Nigeria, recommended public asset declaration for every principal officer in the executive arm of government from the president to the ministers, permanent secretaries, director-generals, and heads of parastatals and agencies.

The public asset declaration, according to him, had become necessary to curb the alarming rate of corruption in the country.

He also urged the Federal Government to ensure that the NNPC published its audited accounts quarterly like all listed companies on the Nigerian Stock Exchange.

On the Federal Government’s bailout programmes for the states, the former finance minister advised that it should be done in line with Section 41 of the Fiscal Responsibility Act.

“As good a gesture as the bailout is, it may lead to moral hazard as the states continue with financial recklessness leading to financial insolvency. Why are we borrowing to pay salaries in stark violation of Section 41 of the Fiscal Responsibility Act?” he queried.

He added, “Rescuing the states is a necessary gesture but how and on what terms? Each state should have been treated as an entity with peculiar conditionalities.

“A body like ICAN and other professional bodies should have been brought in as independent platform to assess and recommend terms and conditions for each state just like the situation in Greece.”
Babalola called for a higher level of advocacy in financial prudence and disclosure by professional accountants.

He charged professional accountants to display discipline, knowledge, ethics and integrity at all times.

“As professionals, we should be able to establish causal relationships in observed phenomena.

“The highlighted causes of the financial crisis and corporate governance scandals cannot but be traced directly or indirectly to professional accountants and financial reporting.”



http://saharareporters.com/2015/09/01/i-left-jonathan’s-govt-because-financial-mismanagement-–-ex-minister

O Jonathan... You see your life?


As you became President, you forgot that it was the Masses that got you into office against all odds and not Militants and the other host of sycophants you surrounded yourself with.

All you had to do was work for the People and you would have been the greatest President the Nation ever had.

Mr remi babalola u are lying , you know you are lying

Y didn't you say it after leaving the office. all these yoruba ppl and attention seeking ehh

BeeBeeOoh:
This man is nothing but An Appointment Beggar.. In fullness of time, APC won't give him any appointment

See this liar seeking for notice me and craving for appointment.

Our media and their ways.
Looks like only news items that dwells on past corrupt leaders and corruption makes the headlines.
Baba presented his paper when the hall was almost deserted yet he made headlines.

Pat Utomi, Obadiah and Ritz Khan that spoke so intelligently, eloquently with serious standing ovations as their papers dwelled on solutions to post oil dominated Nigeria economy did nt even get a mention.

Expect more sensational headlines as Osinbanjo is due here this morning.

This man is an attention seeker.why didn't he resign? Why didn't he say this then? He is now discrediting the regime he was part of to warm his way into this government. Anyway this is nigerian politics for you, filled jobbers and oppurtunist.and the best way to come into the heart of APC is to discredit GEJ

This is the only guy that his lies comes close to lie-lie mohammed..

After using 3yrs to steal 20yrs money u decided to quit without telling us d govt is so corrupt, after spending it u re back abii..

I command d spirit of lie in Remi babalola to quit his body nd go back to lie mohammed.

175:
Coward! And you couldn't say it then abi. . .coded begging for new appointment. Oloshi.

the fact that you're typing online doesn't mean u should disrespect someone old enough to be ur father.

Jonathan sef

Was he EVER a part of Jonathan's cabinet
Why should an old man who is also a professional tell LIES like Alhaji LIE Mohammed.
Anyway na so hustle dey for position in the new Boobooo administration.

You can imagine, the mismanagement was out of hand

Mr. "Sabo"Remi Babalola if you like discredit Jonathan till tomorrow, Buhari will not and can not appoint you in his government. Because you hear say Buhari is looking for credible men to appoint in his government that why you are saying all these to get Buhari's attention. Hear it well; Buhari will not appoint Sabo like you

Are they still blaming their shortcomings on Jonathan's govt. This people are completely hopeless!

Everybody and everything, blame it on Jonathan.

Babalola, who is a Fellow of the Institute of Chartered Accountants of Nigeria, recommended public asset declaration for every principal officer in the executive arm of government from the president to the ministers, permanent secretaries, director-generals, and heads of parastatals and agencies.

The public asset declaration, according to him, had become necessary to curb the alarming rate of corruption in the country.

I guess Buhari has declared his own assets PUBLICLY hence Remi Babalola is ready to work under him to avoid financial mismanagement.
Bloody HYPOCRITES!!!




https://www.youtube.com/watch?v=ZQRmufi5x_4

BeeBeeOoh:
This man is nothing but An Appointment Beggar.. In fullness of time, APC won't give him any appointment

Please think before you post anything on this forum.

Remi Babalola thinks we have short memory in Nigeria. In as much as I'm not a Jonathan fan, Remi Babalola I recall resigned his appointment after he stated that NNPC was broke - a statement that drew the ire of the government and led to his transfer to the Ministry of Special Duties. He resigned about 2 months afterwards.
So, he actually didnt resign based on the level of corruption but due to the humiliation he was subjected to for making a careless statement by the Jonathan governemnt.

www.nigerianbestforum.com/index.php?topic=88916.0;wap

As a Yoruba man you stand no chance of any federal appointment under king buhari's regime even if you say you slapped and kicked GEJ and all PDP officials

Una see wetin BODY LANGUAGE de do

What is this tribalist saying and how does it connect to the topic? Kids everywhere

I DONT KNOW WHY THE IGBOS WANT TO KILL THEMSELVES OVER BUHARI'S APPOINTMENT. THIS MAN PROMISED CHANGE AND IF IGNORING FEDERAL CHARACTER IN THE APPOINTMENTS DOESN'T EQUATE TO CHANGE FROM OLD WAY OF DOING THINGS THEN WHAT IS CHANGE Y'ALL SHOULD KEEP CRYING AND WEEPING. WE THE YORUBAS INVESTED SO MUCH IN HIS PRESIDENCY BUT WE ARE NOT SCREAMING MARGINALIZATION. IF HE LIKES, LET HIM APPOINT CAMEROONIANS IN ALL POSITION WHAT MATTERS IS THE FULFILMENT OF CAMPAIGN PROMISES AND AN ENABLING ENVIROMENT FOR EVERYONE TO THRIVE. YOU IGBOS VOTED FOR GEJ IN MASS AND YOU ALL SHOULD EXPECT NOTHING IN RETURN. Y'ALL ARE A CONFUSED BUNCH. TODAY U WANT Biafra, THE NEXT DAY U SCREAM MARGINALIZATION FROM THE SAID ZOO AS PROCLAIMED BY YOUR SUICIDE MISSION LEADER NNAMDI KANU. BUHARI CAN CHOOSE 100% NORTHERNERS. NOBODY CARES [/b][/i][/quote]

saint obi

efilefun:
A former Minister of State for Finance, Mr. Remi Babalola, on Tuesday explained why he left the cabinet of former President Goodluck Jonathan.

Babalola, in a paper presented at the 45th Annual Accountants Conference and 50th Anniversary celebration of the Institute of Chartered Accountants of Nigeria described the lack of transparency in the oil sector under Jonathan as alarming.

Babalola, who chaired the Federation Account Allocation Committee between 2007 and 2010, said he left the previous administration owing to mismanagement of the nation’s resources.

In his paper titled “Achieving the Nigeria of Our Dream: The Responsibility of Professional Accountants,” he urged the administration of President Muhammadu Buhari to confront the endemic corruption whole-heartedly in order to resolve the country’s mal-functionality.

He said, “Our culture of impunity is the bane of the entrenched corruption in our society. The value destruction and corruption undermine any economic development or social change we may aspire for our nation.

“Mismanagement and misallocation of resources, coupled with an unprecedented level of corruption have been at their highest in the history of our nation in the last six years.

“Performance or success in public space was measured by the conversion rate of public funds into private accounts. It looks as if democracy has been substituted with kleptocracy.”

He recalled, drawing the attention of the nation to the parlous state of the Nigeria National Petroluem Corporation’s accounts five years ago, adding that many sympathisers feared for his life as it amounted to what he described as “stepping on a snake”.

He said, “I was unperturbed and unruffled but ready and willing to take a walk as a statement of intent that if they wanted to continue in that decadence of resource mismanagement, I was not going to be a part of it.”

The former minister decried the absence of transparency in the oil sector and the NNPC, regretting that the corporation’s core competence had been reduced to importing refined products and paying subsidies to bogus companies.

He wondered why it was difficult for the NNPC to compete with the likes of PETROBRAS of Brazil and PETRONAS of Malaysia.

“It is counter intuitive that we deliberately ensure that receipts and proceeds into the nation’s treasury are not accounted for.

“Such has been our contempt for process transparency that an incumbent governor of an operationally and legally independent central bank, who publicly alerted the nation, was forced out of a fixed tenure.

“Of course given its systemic importance to the economy, there is no justification for the state-owned oil sector monopoly (the NNPC) not to publicly publish its audited accounts and even quarterly accounts like all listed companies on the stock exchange,” he said.

Babalola, who is a Fellow of the Institute of Chartered Accountants of Nigeria, recommended public asset declaration for every principal officer in the executive arm of government from the president to the ministers, permanent secretaries, director-generals, and heads of parastatals and agencies.

The public asset declaration, according to him, had become necessary to curb the alarming rate of corruption in the country.

He also urged the Federal Government to ensure that the NNPC published its audited accounts quarterly like all listed companies on the Nigerian Stock Exchange.

On the Federal Government’s bailout programmes for the states, the former finance minister advised that it should be done in line with Section 41 of the Fiscal Responsibility Act.

“As good a gesture as the bailout is, it may lead to moral hazard as the states continue with financial recklessness leading to financial insolvency. Why are we borrowing to pay salaries in stark violation of Section 41 of the Fiscal Responsibility Act?” he queried.

He added, “Rescuing the states is a necessary gesture but how and on what terms? Each state should have been treated as an entity with peculiar conditionalities.

“A body like ICAN and other professional bodies should have been brought in as independent platform to assess and recommend terms and conditions for each state just like the situation in Greece.”
Babalola called for a higher level of advocacy in financial prudence and disclosure by professional accountants.

He charged professional accountants to display discipline, knowledge, ethics and integrity at all times.

“As professionals, we should be able to establish causal relationships in observed phenomena.

“The highlighted causes of the financial crisis and corporate governance scandals cannot but be traced directly or indirectly to professional accountants and financial reporting.”



http://saharareporters.com/2015/09/01/i-left-jonathan’s-govt-because-financial-mismanagement-–-ex-minister

Cowardly Yellobaas with their betrayal life,..hmmm