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Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 - Politics - Nairaland

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Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by NigeriaPresident: 5:19am On Feb 25, 2016
NNEWI—The Indigenous People of Biafra, IPOB, yesterday
in Anambra State, embarked on spiritual warfare in its
agitation for the release of their incarcerated leader and
Director of Radio Biafra, Mr. Nnamdi Kanu, with a prayer
session and fasting in some parts of the state.
The prayer and fasting which started at exactly 7am and
ended at about 3pm in some locations of the state where
members trooped outen masse without the usual display
of IPOB flags and banners, was aimed at God's intervention
for the release of Mr. Kanu, actualization of Biafra, and the
alleged intimidation, harassment, and killings of the
members of the group by military operatives, whom they
said will not go free for the innocent blood they are
shedding.

In a statement issued after their prayer at a location in Ukpor in Nnewi South Council Area, IPOB Media and Publicity Officer, Mr. Emma Powerful called on the Bishops
and priests of the Catholic, Anglican Churches and Pentecostals Pastors to be prayerful for the restoration of Biafra and for the release of Mr. Kanu.

"Nigeria is dwindling to irredeemable situation under the
All Progressives Congress, APC, government of President
Muhammadu Buhari.
“Biafra is the only answer to the problem Nigeria is facing
now. The APC government is confused and the people who
led Nigeria into this mess, the APC henchmen, their so
called national leaders who wanted change at all cost, are
now all dumb. They have no answer to the problems they
have created. The only answer now is Biafra.
“We are not joking about this spiritual declaration. We have
been praying and fasting. No bloodshed of Biafrans will go
unpunished. The APC members who are deeply religious
should go and ask questions about the consequences of
the atrocities they have committed with the killing of
innocent youths who were praying at Aba, innocent youths
who were peacefully agitating in Onitsha whom the military
killed.
“When we were taking those they shot dead to hospitals,
their blood was revolting against the APC government and
the party which will never know peace until they leave IPOB
and other Biafra agitating groups alone”, he said.
He also urged the churches to pray ceaselessly because the
people being killed are their members and children of God
who were exercising their constitutional rights of peaceful
protest and non violent agitation, adding that they should
equally pray for Mr. Kanu who is facing unjust trial. Mr
Powerful described Kanu as God sent from United
Kingdom, where he has everything going for him but
decided to come to Nigeria and suffer and liberate the
marginalized and humiliated sections of Nigerians that are
asking for freedom.
“We want Chukwuokike Abiama(God Almighty) to reveal the
truth in the next court and to the world, for Mr. Kanu our
innocent leader, to disgrace and blind the enemies of
Biafra and those who want to use Biafra and Mr. Kanu to
gain cheep popularity in their misguided government that
is heading for the rocks” he said.
Destabilizing the struggle
Also yesterday, the Movement for the Actualization for the
Sovereign States, MASSOB, Chief Ralph Uwazuruike- faction,
accused the federal government of using one of its
expelled members, Uchenna Madu, to destabilize the
struggle for the actualization of an independent state of
Biafra.
MASSOB’s National Director of Information, Sunny
Okereafor who stated this in an interview with newsmen in
Aba, Abia state, said information available to the group
revealed that Madu has been working with the federal
government to sabotage Biafra.
“There is no doubt that the Federal Government is using
Uchenna Madu to ensure that there is crisis in the former
Eastern region. He is being used to instigate crisis in
Biafran territory. Uchenna Madu was our member before
he was expelled; so we know him and what he can do'."
He should cover his face in shame for his anti Biafra
activities. He is seeking relevance and can do anything for
the sake of money. Uchenna Madu will regret being used to
sabotage Biafra.
“He is now claiming MASSOB headquarters, Okwe, in
Onuimo LGA of Imo State, which was built on Chief Ralph
Uwazuruike’s father’s land. Why can’t Uchenna Madu who
has been expelled from MASSOB go back to his father’s
compound in Isuochi in Umunneochi LGA of Abia state and
set up his own group? He is staying at Uwazuruike’s
building, why can’t he go back to his father’s house?
“He should stop using MASSOB to deceive people. He is just
calling Uwazuruike names to cover his dealing with the
federal government against Biafra.”
He insisted that MASSOB would not be distracted by the
antics of Uchenna Madu and his cohorts; adding that as a
non violent organization, it has cut clear strategies to
achieve an independent state of Biafra.
On allegations that Uwazurike has enriched himself while
claiming to fight for the actualization of Biafra, Okereafor
dismissed such report as the ranting of expelled members
like Uchenna Madu.
According to him, “Chief Ralph Uwazurike’s problem is that
people misunderstand his non violent approach to the
issue of Biafra. They should know that Biafra cannot be
achieved with violence. Chief Uwazuruike has sacrificed a
lot in the agitation for Biafra. Do you know how many
times he has been held in long detentions in prisons for
fighting for Biafra?
“Between Ralph Uwazurike and Uchenna Madu, who has
made more efforts to actualize Biafra? So, Uchenna Madu
and his group will continue to make unfounded allegations
against Uwazurike in order to distract attention from their
making the struggle a tool of merchandize and duping
politicians through promising to use MASSOB to help them
during elections. We will not allow ourselves to be
distracted by people like him.”
Biafra, not Igbo
Meantime, leader of the Niger Delta People’s Volunteer
Front, NDPVF, Alhaji Mujahid Asari Dokubo has said that
contrary to the perception in most quarters that the name
Biafra which was adopted by the then breakaway Eastern
region is Igbo, the phrase is Ijaw.
He also noted it was an Ijaw man, who suggested the name
at a meeting convened by the late leader of the defunct
Republic of Biafra, Chief Chukwuemeka Ojukwu to decide
on the way forward for the Eastern region after the
1966/1967 pogrom.
Dokubo, who said this in a statement stated that the late
Niger Delta activist, Maj. Isaac Adaka Boro affirmed that
Ijaw is Biafra in chapter six of his autobiography entitled:
Twelve Day Revolution.
He further said that the ties between Igbo and Ijaw ethnic
groups are inseparable, adding that It was another Ijaw
Cardinal Rex Jim Lawson, who first played the Biafran
national anthem during the proclamation of independence
on May 30, 1967.
His words: “Ignorance can be a terrible disease but it is
curable if the sufferer is ready to humble himself to learn
and accept the cure for his sickness. Biafra is a Kalabari
Ijaw phrase Bia fulo meaning not properly cooked. The
Kalabari of Kula named the estuary of Santa Barbara Bia
fulo because of the turbulence of the sea at the estuary.
The Portuguese like they did to many other names, words
and phrases which they could not pronounce properly
named the area Biafra. Later the coastline from the estuary
of River Nun to the coast of Gabon was named the Bight of
Biafra.
“The doyen of our struggle Isaac Adaka Boro clearly
affirmed that Ijaw is Biafra in chapter six, page 57 of his
autobiography ‘Twelve Day Revolution’. Col. Chukwuemeka
Odumegwu Ojukwu, before the declaration of secession,
convoked an Eastern Nigerian consultative Assembly to
decide on the direction and way forward for the Eastern
Region after the 1966/1967 pogrom against Easterners in
the north. The assembly debated on many names put
forward by delegates and chose Biafra which was put
forward by Frank Opigo an Ijaw.”

www.vanguardngr.com/2016/02/biafra-ipob-commences-fasting-prayers-for-kanus-release-actualization-of-biafra/

Lalasticlala , Mynd44
Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by NigeriaPresident: 5:26am On Feb 25, 2016
Corruption Everywhere. If they can Be Giving Billions Of Dollar to former government in cash and without taking proper processing, why won't they spend more than what is budgeted for them. That institution needs some Cleaning.

I pray that Saraki and Dogara won't change mind on this. If this two betray my Government, they will be judge by Sango and Amadioha not EFCC.


God Bless Nigeria

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Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by Siberia101: 5:28am On Feb 25, 2016
NigeriaPresident:
ABUJA—THE joint Committee of the Senate and House of
Representatives on Banking and Currency yesterday queried the nation’s apex bank, the Central Bank of Nigeria, CBN, for allegedly spending N1.062 trillion revenue above the N482.167 billion proposed income for the year 2015.

The lawmakers, who lamented that the apex bank overshot
its spending in the 2014 appropriation by over fifty percent
during the 2015 budget performance and 2016 budget
defence of budgetary allocation to CBN, noted that the
bank had imbibed the habit of spending more than what
was budgeted to it. According to them, “CBN is developing a culture of spend as I earn attitude.”

They added that the bank should have remitted N400 billion
operating surplus to government’s treasury. The lawmakers
also queried what they described as the astronomical increase in staff cost from N158.134 billion in 2015 to N408.808 billion as proposed in 2016 budget; and non-inclusion of commission for brokers, Dutch income, in its budget proposal.

They wondered why the CBN should spend N780 million on
the dealing room, N226 million for recruitment, N1.5 billion on research, N75.980 billion loss incurred from SWAP, N.8 billion on data collection and about N1 billion on Entrepreneurial Development Centre.
The committee demanded for CBN financial statement,
nominal roll, details of foreign and domestic investments,
among other contentious issues raised at the meeting.
To address some of the contending issues on the
operations and core mandate of the banks, the committee
resolved to hold a special session next week with CBN
management.
Speaking at the budget defence, representatives of the CBN
disclosed that the country’s foreign reserve which stands at
$27.66 billion, might decline further to $18 billion for 2016.
On the recent calls for the devaluation of naira, Adebayo
Adelabu, CBN Deputy Governor (Corporate Affairs) and
Suleiman Barau, CBN Deputy Governor (Operations), while
fielding questions from the lawmakers, defended the
position of government not to further devalue the Naira.
They, however, noted that the bank did not envisage
devaluation of naira and assured of maintaining the
$196.97/$1 exchange rate.
and other interventions in critical sectors of the economy,
including agriculture, power, aviation and SMEs, aimed at
stabilizing the economy.
He further disclosed that the sum of N616 billion revenue
was realised from the devaluation of naira in 2014 and that
a large chunk of the revenue was spent to stabilize the
economy through mopping up of liquidity.
Also contributing, Barau, who disclosed that commercial
banks had about N8 trillion balances domiciled with the
CBN at present, stressed the need to organise real sector
reform for banks in the bid to improve lending.

www.vanguardngr.com/2016/02/senators-reps-query-cbn-over-utilisation-of-n1trn-revenue-in-2015/

Yes it's true because CBN pensioners won the harmonisation court Battle with CBN Last year.. Most retired pensioners earned up to 3times their former pension after the harmonisation that took effect from July 2015 tho they are all still waiting for the Pension arrears..

Simple
Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by Flexherbal(m): 5:39am On Feb 25, 2016
This how they have been misusing our money .

1 Like

Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by Nobody: 5:43am On Feb 25, 2016
Emefiele and Jonathan sef
Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by Aufbauh(m): 5:58am On Feb 25, 2016
My greatest consolation in all these deafened news emanating from the locust years of Jonathan irrespective of the present wailing of those sore losers is that we have sent the shoeless one back to his shoeless home where the sympathetic story began.....
MISSION ACCOMPLISHED!

1 Like

Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by benedictnsi(m): 5:59am On Feb 25, 2016
Keneking:
Emefiele and Jonathan sef
Guy, was Emefile Jonathan's CBN governor too
Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by Aufbauh(m): 6:07am On Feb 25, 2016
benedictnsi:


Guy, was Emefile Jonathan's CBN governor too

Oga, better delete your account for this your question else it will be a national disaster to readers.
Jonathan appointed Emefiele as CBN governor after Sanusi Lamido Sanusi's debacle.

1 Like

Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by benedictnsi(m): 6:10am On Feb 25, 2016
Aufbauh:


Oga, better delete your account for this your question else it will be a national disaster to readers.
Jonathan appointed Emefiele as CBN governor after Sanusi Lamido Sanusi's debacle.


How long d man work with oga Jona before he left Aso Rock
Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by 989900: 6:19am On Feb 25, 2016
a large chunk of the revenue was spent to stabilize the
economy through mopping up of liquidity.


The same 'excess liquidity' you guys gladly created.
Isn't Boyo right after all?



The CBN is a drum of worms.
Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by Aufbauh(m): 6:24am On Feb 25, 2016
benedictnsi:



How long d man work with oga Jona before he left Aso Rock

The question is not how long but how responsible he is for the 2015 CBN budget.
For your information, Mr Godwin Emefiele was appointed CBN governor in June 2014, so he is solely responsible for the 2015 CBN budget as the head.
Re: Senators, Reps Query CBN Over Utilisation Of N1trn Revenue In 2015 by benedictnsi(m): 6:26am On Feb 25, 2016
Aufbauh:


The question is not how long but how responsible he is for the 2015 CBN budget.
For your information, Mr Godwin Emefiele was appointed CBN governor in June 2014, so he is solely responsible for the 2015 CBN budget as the head.


Now I understand...... You know your were not talking like a human being before grin

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