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How To “pad” The Nigerian Budget And Be A Billionaire - Politics - Nairaland

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How To “pad” The Nigerian Budget And Be A Billionaire by Maxcollins042(m): 4:15pm On Jul 27, 2016
The public row between the Speaker of the House of Representatives, Yakubu Dogara, and his erstwhile ally and former chairman of the House Appropriation Committee, Abdulmumin Jibrin, has provided a glimpse into how lawmakers routinely make billions of naira by inserting fictitious projects into the national budget each year.Nigerians have been appalled at the scale of alleged fraud perpetrated in the National Assembly, as revealed by Mr. Jibrin.PREMIUM TIMES’ digital lead, Emmanuel Ogala, who covered the National Assembly for years, compiles some of the spilled secrets that summarily highlight the many ways crooked lawmakers steal from the nation’s commonwealth.Here are 11 steps to get rich quickly through the budget:
1. Get elected into the National Assembly –you can go to Senate or House of Representatives. It doesn’t really matter.
2.Be a good friend of the Speaker or SenatePresident, and the respective chairpersons of appropriation committees. That is the legislative committee that vets the budget.
3.Think up some flimsy projects – say, boreholes to provide water for your poor constituents. It is called constituency project.
4.Look for a government agency or ministrythat can smuggle that project into the budget for you and lobby the target Ministeror DG. Of course the respective committee chairman in the National Assembly must know.
5.Set up a company. Or get your spouse, brother, sister, or loyalist to register a company that can execute your chosen project.
6.Plead with the chairman of the Appropriation Committee to edit the budget and include your project under the agency or ministry that you lobbied. Because budget figures are usually large, this may seem like adding a cup of water to River Niger. If appropriation chairman refuses to play, lobby the Speaker or the Senate President.
7.Say ‘aye’ on the day the budget is put up for debate. (This step is not very critical. You can decide not to show up and it will bebundled with the entire budget and passed. Almost all of your colleagues are in it.)
8.After the Ministry of Finance has released funds, approach the head of the agency to award the contract for your project to the company in #5. Most heads may require their share upfront. You can’t trust anyone in this business!
9.The company gets cash deposit from ministry or agency. It is withdrawn and handed to you. You can share with anyone that helped the process, but you’ll sure retain the bulk of it.
10.Sink a borehole in your community with a very tiny fraction of the money and call national TVs to come cover the “commissioning of your constituency projects”.
11.Plan for next year.

http://www.premiumtimesng.com/news/top-news/207610-how-nigerian-senators-reps-pad-national-budgets-and-make-billions.html

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Re: How To “pad” The Nigerian Budget And Be A Billionaire by Maxcollins042(m): 4:16pm On Jul 27, 2016
Hmmm
Re: How To “pad” The Nigerian Budget And Be A Billionaire by herzern(m): 6:18pm On Jul 27, 2016
11 steps that will ever make Nigeria to sink cheesy
Re: How To “pad” The Nigerian Budget And Be A Billionaire by babyfaceafrica: 6:22pm On Jul 27, 2016
Scam
Re: How To “pad” The Nigerian Budget And Be A Billionaire by sandraokosun: 6:34pm On Jul 27, 2016
Nigeria is so messed up, that the only thing uniting the politicians is looting.

Its a pity lord lugard brought this curse that would remain 4ever.
The politicians who can pass disintegration are all united on ONE NIGERIA whichever region they are because of loot and greed to protect their investments all over the nation.
Re: How To “pad” The Nigerian Budget And Be A Billionaire by Ladyenkay45: 8:35pm On Jul 27, 2016
Our politicians and their insatiable looting habit.. smh
Re: How To “pad” The Nigerian Budget And Be A Billionaire by mikolo80: 12:47am On Jul 28, 2016
All of you making noise here. How many are willing to do 1 tenth of the above listed. Even to think de hard una yet you come here to disturb the peace waiting for Messiah to come and do your work for you.
All bad guys need is for alleged good guys to do nothing but lament on nairaland
Re: How To “pad” The Nigerian Budget And Be A Billionaire by MorningLight(m): 1:15am On Jul 28, 2016
senators and budget padding

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Re: How To “pad” The Nigerian Budget And Be A Billionaire by DaudaAbu(m): 6:46am On Jul 28, 2016
In summary this what they do

Re: How To “pad” The Nigerian Budget And Be A Billionaire by Nobody: 8:11am On Jul 28, 2016
what are those who pad budget called?

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