if we dont knw d werabout of d money found, it is as useless as wen d money ws nt discovered. in anoda news, who knws hw much buhari spend on each of his trip?

Just watching .

Nusaf:

I have read with great dismay some comments like this one. What is the world turning to for God's sake? People are not happy that money is being recovered from thieves? Nawa o! And these ones will be agitating for youths' involvement in political appointments. It really sucks how some people prefer stolen common wealth to just be forgotten. Or is it because 'stealing is not corruption'?

Look, any serious government will issue a clear blueprint of how recovered loots will be utilised, accessible and understandable by Nigerians.

It is not enough to just say funds are being recovered.

Or are you happy to see recovered funds wasted or re-looted? Why not agitate to know what the money will be used for? You deserve to know!

with d amount stored up in TSA account and these recovered loots... hope our economy flies back to normalcy. Proper utilisation of d money will do that! I trust in d govt for that, but I doubts from far d policies d govt make of late.

tomakint:

LadyExcellency, I am surprised that you fell for this crap....you of all people

I don't want to sound pessimistic and unpatriotic hence I encourage goodwill and excellency in service.

We all want a better Nigeria or homeland for our future generations.

Make una just dey call money like say na paper.

Yet we still dey borrow

not so fast aburo.... until amaechi fashola n fayemi return our yams too

989900:
Good job -- fair enough!

Good to hear that!

VampireeM:
EFCC- Toothless Bulldogs and APC's tool for selective justice.. if only the agency can be truly independent and probe all politicians found wanting with petition written against them eg, Fashola and Amaechi etc, then you will be amazed by how many trillions that will be recovered... Magu is just pawn in the hands of his masters

Stay there,you go soon get heart attack because of Amaechi.I will advice you to engage yourself with something meaningful.

VampireeM:


i'm not applauding them till they stop meting out selective investigations... petitions has been written against many APC members but they turned deaf ear... if they really want to sanitise the system they should go after everybody regardless of party..

We ve not even probed on how APC and Amaechi got money he used in unleashing war chests during the party's presidential nomination


PS i'm not saying they shouldnt probe PDP but but everyone

Ameachi and Fashola have already paid for their sins by supporting a credible man like Buhari. Do you know the amount of sacrifies it cost them.

raker300:
Am more interested in what they did with money. Abii nah Buhari bus money be that?

this guy is a goat? how do they born these kinds of people so dumb.

frehage:


Funds in the TSA belong to the three tiers of government, not the FG alone, you know.

Wrong TSA funds are Federal only. They are not recovered funds or stolen funds. For instance this year all ministries will have their allocation from the budget paid into TSA, from their they can make withdrawals to pay salaries and run their ministries. They cannot hold accounts in commercial banks. Agencies is like WAEC, JAMB, Customs etc will have accounts in the TSA so if you need to pay for JAMB you pay via REMITA into the TSA. Even Unity Federal school fees are paid into TSA and the schools withdraw from their accounts there.Even proffesional bodies like the Medical and Dental council now have accounts in the TSA and all practising licences are paid via Remita.There All government did with TSA was pool all Federal government funds into a single account nothing more. The Federal government cannot use it to fund the budget because most of it is money already accounted for in previous budgets. The only money the government can add to future budgets are receipts from agencies like customs, NNPC which are generating.
Simple analogy is a father saying all membrane of a family should use only one account. Then when they bring their money from their individual accounts announcing that the family has just made XYZ amount.

allycat:


Wrong TSA funds are Federal only. They are not recovered funds or stolen funds. For instance this year all ministries will have their allocation from the budget paid into TSA, from their they can make withdrawals to pay salaries and run their ministries. They cannot hold accounts in commercial banks. Agencies is like WAEC, JAMB, Customs etc will have accounts in the TSA so if you need to pay for JAMB you pay via REMITA into the TSA. Even Unity Federal school fees are paid into TSA and the schools withdraw from their accounts there.Even proffesional bodies like the Medical and Dental council now have accounts in the TSA and all practising licences are paid via Remita.There All government did with TSA was pool all Federal government funds into a single account nothing more. The Federal government cannot use it to fund the budget because most of it is money already accounted for in previous budgets. The only money the government can add to future budgets are receipts from agencies like customs, NNPC which are generating.
Simple analogy is a father saying all membrane of a family should use only one account. Then when they bring their money from their individual accounts announcing that the family has just made XYZ amount.

We are essentially saying the same thing. All revenues generated and channelled into the TSA by parastatals like the NNPC, FIRS, Customs, NPA, NIMASA, etc., belong to the entire Federation. This is where the monthly Federal Allocations to the three tiers of government come from.

The FG retains it's share in special accounts in the TSA and funds the Federal Budget from there. The state governments and L.G.A.'s mostly take their's out and into commercial banks.

AtlanticBreeze:
how did buhari and his team of clowns downgrade our intelligence to this low. So this man called a press conference to announce money yet to be recovered as EFCC recovers 3.1 billion dollars stating a jargon analogy to justify his claim? what nonsense?

Una go wail tire!

Please go back and read the last two paragraphs of the initial write up. These so called monies are just being held, if the person they are seized from is found not guilty they will be returned with interest!

https://www.youtube.com/watch?v=DeWc68JfQXA

OGIE HOUSE ON RECOVERED FUNDS