Keballl:


You know absolutely nothing.. At the end of every year all unused funds are mopped up. One of the reasons why MDA Perm. Secs. /Directors before the advent of TSA were balling real hard spending every budgetary allocations in their reach to avoid "waste" according to them.

Go and sit down boy and stop defending nonsense.

At the end of the budget year not Calendar year.

AZeD1:

At the end of the budget year not Calendar year.

December is the end of calendar year and all unspent funds are returned or mopped up before it runs out.

Standard practice in government financed institutions in Nigeria.

Keballl:


December is the end of calendar year and all unspent funds are returned or mopped up before it runs out.

Standard practice in government financed institutions in Nigeria.

The Nigerian budget year used to run along side the Calendar year until recently.
That's why unspent funds were moped up in December.

Since a new budget hasn't been passed, what would Government agencies run on if they returned monies in December?

AZeD1:

The Nigerian budget year used to run along side the Calendar year until recently.
That's why unspent funds were moped up in December.

Since a new budget hasn't been passed, what would Government agencies run on if they returned monies in December?

Lolz will you stop arguing. Even last year unspent funds were mopped up. It's standard practice here. It has always been so irrespective of when budgets are passed.


Agencies make do with their internally generally IGR until government subventions comes, then they balance the account.

Keballl:


Lolz will you stop arguing. Even last year unspent funds were mopped up. It's standard practice here. It has always been so irrespective of when budgets are passed.


Agencies make do with their internally generally IGR until government subventions comes, then they balance the account.

According to you, unspent funds were moped, so can you point out were Fashola lied?

AZeD1:

According to you, unspent funds were moped, so can you point out were Fashola lied?

Good. We are getting somewhere. Fashola as the minister should have knowledge of what was expended and what were returned.

It is gross incompetency to go to the senate unprepared especially when his story doesn't match what the DMO office said with respect to released capital expenditure and the bold claims of the finance Minister.

Keballl:


Good. We are getting somewhere. Fashola as the minister should have knowledge of what was expended and what were returned.

It is gross incompetency to go to the senate unprepared especially when his story doesn't match what the DMO office said with respect to released capital expenditure and the bold claims of the finance Minister.

You need to read the article again. Fashola wasn't asked if money was returned. He also said his ministry got money in August.

What he said he didn't know, was project rollover.

AZeD1:

You need to read the article again. Fashola wasn't asked if money was returned. He also said his ministry got money.

What he said he didn't know, was project rollover.

As citizens we do fact checks whether the print media do their jobs or not. We take the discourse beyond what is presented by asking probing questions for more clarity.

The article alludes to one thing. Fashola was unprepared for the job he was assigned to do. I only blame him for overestimating his capacity to manage 3 super ministries.

How can a minister not be aware that capital projects under his portfolio in 2016 were carried over to 2017 and same thing will happen in 2018, with a carry over of 2017 projects based on what Kemi Adeosun proposed last year November.

There should be a synergy between the finance ministry and other MDAs.

Keballl:


As citizens we do fact checks whether the print media do their jobs or not. We take the discourse beyond what is presented by asking probing questions for more clarity.

The article alludes to one thing. Fashola was unprepared for the job he was assigned to do. I only blame him for overestimating his capacity to manage 3 super ministries.

How can a minister not be aware that capital projects under his portfolio in 2016 were carried over to 2017 and same thing will happen in 2018, with a carry over of 2017 projects based on what Kemi Adeosun proposed last year November.

There should be a synergy between the finance ministry and other MDAs.

He said he didn't know the amount carried over and that's ignorance not lying.
If he was arraigned for lying, the court would set him free based on something like this.

Call it incompetence I'll agree with you, but don't say he lied especially when you can't prove it.

The dude I quoted stated that Fashola lied because Adeosun said money was released but Fashola acknowledged the release.

AZeD1:

He said he didn't know the amount carried over and that's ignorance not lying.
If he was arraigned for lying, the court would set him free based on something like this.

Call it incompetence I'll agree with you, but don't say he lied especially when you can't prove it.

The dude I quoted stated that Fashola lied because Adeosun said money was released but Fashola acknowledged the release.

Your point is well understood and valid, but we are aware anyone can use the excuse of ignorance to lie. That is what smart people do in order not to be sanctioned or called out.

He alluded his gross incompetency to when budgets were passed and the senators brought him to light that some funds were carried over to 2017.

In other words, Fashola had no valid excuse under the sun for his zero capital implementation which means he was dishonest.

Hopefully, he will do better in his next appearance with the senators.

Keballl:



Your point is well understood and valid, [b]but we are aware anyone can use the excuse of ignorance to lie. [/b]That is what smart people do in order not to be sanctioned or called out.

He alluded his gross incompetency to when budgets were passed and the senators brought him to light that some funds were carried over to 2017.

In other words, Fashola had no valid excuse under the sun for his zero capital implementation which means he was dishonest.

Hopefully, he will do better in his next appearance with the senators.

Fashola is a lawyer, he knows what he is saying and he won't incriminate himself.

To catch a thief, think like a thief.

Anyway enough of the technicalities (which our politicians use when arraigned).
Have a good day.

Keballl:


As citizens we do fact checks whether the print media do their jobs or not. We take the discourse beyond what is presented by asking probing questions for more clarity.

The article alludes to one thing. Fashola was unprepared for the job he was assigned to do. I only blame him for overestimating his capacity to manage 3 super ministries.

How can a minister not be aware that capital projects under his portfolio in 2016 were carried over to 2017 and same thing will happen in 2018, with a carry over of 2017 projects based on what Kemi Adeosun proposed last year November.

There should be a synergy between the finance ministry and other MDAs.

That was a flawed assertion, it is not the minister's job to use magical powers to know, anticipate and prepare for every potential question. If the reps were so interested in particular question and answer , they should have sent questions to the ministry in advance form the minister to study and compile proper answers for.


The minister did the right thing when he offered to look into the issue and furnish them with answers later on, this is how proceedings goes even in America where you copied democracy from.


Btw, the question was the list of the roll over projects from 2016, so why not send advance question to the ministry for answers, there are hundreds, if not thousands of projects in different phases of completion, so they expect the minister to rattled this list for them from the top of his head randomly?


No, they were not prepared to do their own job, not the minister.

Keballl:



Your point is well understood and valid, but we are aware anyone can use the excuse of ignorance to lie. That is what smart people do in order not to be sanctioned or called out.

He alluded his gross incompetency to when budgets were passed and the senators brought him to light that some funds were carried over to 2017.

In other words, Fashola had no valid excuse under the sun for his zero capital implementation which means he was dishonest.

Hopefully, he will do better in his next appearance with the senators.

Please, show us where that was asserted and the ministers answer. I think you are making up your own stories or you read a different article and not the one we are discussing here.

[s]

ivandragon:




lol...


you are clutching at straws...


what was the N90b minister of finance said was released used for?

simple question, you are running round in circles. are you Fashola's sidekick?


can you tell us what N90b was spent on or was it returned to government coffers or is it warehoused somewhere?


all you chaps supporting nonsense are doing so at the expense of your thinking faculties. people are asking where the money went to, you are ranting about 2016 funded projects, same projects the Fashola could not even defend.


by the way, crossing other people's comments shows how closed minded you are, existing in your unique world of senseless prattle...

oya, cross out these comments to prove that your brain cannot accommodate more than 1 line of reasoning at a time...

[/s]




I've wasted enough time educating you, but looks like your case is hopeless and you are irredeemable.

deomelllo:
[s][/s]




I've wasted enough time educating you, but looks like your case is hopeless and you are irredeemable.

not surprised... an empty leaky barrel has nothing to offer...

AZeD1:

Lol at the bold part.

You really have no idea how government works.

lol...

funny thing is most of you kids think everyone is a lowlife like yourself on NL.


too bad...

buhariguy:
did fashola tell you any money is missing

lol...


I have to admit, your question has me speechless...


its so inherently dumb it defies logic. in your village, when a thief steals he goes to the village square to announce it right?


lol...

ivandragon:



lol...

funny thing is most of you kids think everyone is a lowlife like yourself on NL.


too bad...

Go and educate yourself.
https://mobile.twitter.com/DrJoeAbah/status/954392567256317953

AZeD1:

Go and educate yourself.
https://mobile.twitter.com/DrJoeAbah/status/954392567256317953

as usual, you don't read to understand...

you are talking of new projects... new or old, Fashola needs to account for the N90b simple.


look, just take whatever ails you elsewhere. EFCC fails to give account of looted funds, you will support... NNPC has spent over N700b on supposed fuel subsidy without appropriation, you will support...

tomorrow you will open your trap & say you want accountability in governance...

when NAss hides their budget breakdown, you will be the 1st to scream corruption, now because it is your preferred thief, you find excuses...


I leave you to your flawed antics...

AZeD1:

Go and educate yourself.
https://mobile.twitter.com/DrJoeAbah/status/954392567256317953

That clown is a troll, the ignorant troll is trolling you.


Stop wasting your time.

ivandragon:



as usual, you don't read to understand...

you are talking of new projects... new or old, Fashola needs to account for the N90b simple.


look, just take whatever ails you elsewhere. EFCC fails to give account of looted funds, you will support... NNPC has spent over N700b on supposed fuel subsidy without appropriation, you will support...





tomorrow you will open your trap & say you want accountability in governance...

when NAss hides their budget breakdown, you will be the 1st to scream corruption, now because it is your preferred thief, you find excuses...


I leave you to your flawed antics...

If you had read the link, you'd see where it was stated that Perm Sec's are the one's that issue cheques in Ministries. First you said Fashola lied, now you have jumped to accounting for the money.

If you want to know where the money is, invoke the FOI law. Be proactive, making noise on Nairaland won't help.

Like I said earlier, you really do not have an idea of how government works. Read the NNPC act
http://www.nigeria-law.org/Nigerian%20National%20Petroleum%20Corporation%20Act.htm

For Emphasis,

(4) The Corporation shall maintain a fund which shall consist of-



(a) such moneys as may from time to time be provided by the Federal Government for the purposes of this Act by way of grants or loans or otherwise howsoever; and



(b) such moneys as may be received by the Corporation in the course of its operations or in relation to the exercise by the Corporation of any of its functions under this Act, and from such fund there shall be defrayed all expenses incurred by the Corporation.



(5) The Corporation shall submit to the National Council of Ministers not later than three months before the end of each financial year estimates of its expenditure and income relating to the next following financial year.



8. (1) Subject to the other provisions of this section, the Corporation may from time to time borrow by overdraft or otherwise howsoever such sums as it may require in the exercise of its functions under this Act.



(2) The Corporation shall not, without the approval of the National Council of Ministers, borrow any sum of money whereby the amount in aggregate outstanding on any loan or loans at any time exceeds such amount as is for the time being specified by the National Council of Ministers.


The Law gives NNPC the power to spend the money it makes, if the NNPC needs to borrow money, it goes to the FEC for approval not the senate.

AZeD1:


If you had read the link, you'd see where it was stated that Perm Sec's are the one's that issue cheques in Ministries. First you said Fashola lied, now you have jumped to accounting for the money.

If you want to know where the money is, invoke the FOI law. Be proactive, making noise on Nairaland won't help.

Like I said earlier, you really do not have an idea of how government works. Read the NNPC act
http://www.nigeria-law.org/Nigerian%20National%20Petroleum%20Corporation%20Act.htm

For Emphasis,

(4) The Corporation shall maintain a fund which shall consist of-



(a) such moneys as may from time to time be provided by the Federal Government for the purposes of this Act by way of grants or loans or otherwise howsoever; and



(b) such moneys as may be received by the Corporation in the course of its operations or in relation to the exercise by the Corporation of any of its functions under this Act, and from such fund there shall be defrayed all expenses incurred by the Corporation.



(5) The Corporation shall submit to the National Council of Ministers not later than three months before the end of each financial year estimates of its expenditure and income relating to the next following financial year.



8. (1) Subject to the other provisions of this section, the Corporation may from time to time borrow by overdraft or otherwise howsoever such sums as it may require in the exercise of its functions under this Act.



(2) The Corporation shall not, without the approval of the National Council of Ministers, borrow any sum of money whereby the amount in aggregate outstanding on any loan or loans at any time exceeds such amount as is for the time being specified by the National Council of Ministers.


The Law gives NNPC the power to spend the money it makes, if the NNPC needs to borrow money, it goes to the FEC for approval not the senate.

first off, Fashola lied that no works project was funded in 2017, you guys are the ones trying to bring in the issue of new or old projects. all the grammar of tax, CAC & whatever are just lame attempts to obfuscate the issue which was exposed when he was asked about the roll over from 2016.

that is however you chaps defended Magu when he couldn't provide a breakdown of the recovered funds by his agency despite shouting in the media the billions he recovers daily...


secondly, read chapter 5 part 1, sec. E: 81(1)(2), 83 (1)(2)... of the Nigeria Constitution...(pardon my inability to paste)

it clearly states the powers of the NAss to grant approval for funds to be utilised as presented by the Executive. mind you, the Constitution is supreme, so any other law that clashes with the Constitution is null & void...

besides, even if by some twisted logic, your position on the NNPC matter is accepted, then why all the hue & carry by APC in the past about payments made on subsidy by GEJ?

https://www.naija.ng/67307.html

now read below what Oshiomole said about subsidy payments & how he blasted the former administration of not seeking NAss approval


http://dailypost.ng/2015/06/30/economic-council-accuses-nnpc-of-spending-n3-8tn-in-three-years-without-approval/

so what has suddenly changed? is it because the 'stealing' is now been done by your preferred thieves that you want to change the narrative & shift the goalpost of accountability?



furthermore, you claim NNPC only needs FEC approval, when was this approval gotten? because as recently as 3 months ago, APC claimed no subsidy was being paid...

Adebayo Ogundairo
"YOU PAID N3.7 BILLION DAILY AS SUBSIDY" BUHARI REPLIES JONATHAN ON CURRENT FUEL PRICE.
“Those who accused this administration of ‘propaganda and lies’ in the fuel supply sector, for example, did not tell Nigerians that whereas they paid between 800 billion and 1.3 trillion Naira as ‘subsidy’ yearly in their time, without making the products available even at regulated prices, this Administration is not paying any subsidy, yet all products are currently available at competitive prices and fuel...
More
October 24, 2017 at 2:32pm · Facebook for Android ·
Public


so what really has changed?


I insist that you do not understand what it means to be accountable... or maybe you just choose to feign ignorance because your preferred looters are at the helms of affairs...

& to the retard talking about trolling, you seriously need to get a life outside working full time as a social media id!ot...

AZeD1:


If you had read the link, you'd see where it was stated that Perm Sec's are the one's that issue cheques in Ministries. First you said Fashola lied, now you have jumped to accounting for the money.

If you want to know where the money is, invoke the FOI law. Be proactive, making noise on Nairaland won't help.

Like I said earlier, you really do not have an idea of how government works. Read the NNPC act
http://www.nigeria-law.org/Nigerian%20National%20Petroleum%20Corporation%20Act.htm

For Emphasis,

(4) The Corporation shall maintain a fund which shall consist of-



(a) such moneys as may from time to time be provided by the Federal Government for the purposes of this Act by way of grants or loans or otherwise howsoever; and



(b) such moneys as may be received by the Corporation in the course of its operations or in relation to the exercise by the Corporation of any of its functions under this Act, and from such fund there shall be defrayed all expenses incurred by the Corporation.



(5) The Corporation shall submit to the National Council of Ministers not later than three months before the end of each financial year estimates of its expenditure and income relating to the next following financial year.



8. (1) Subject to the other provisions of this section, the Corporation may from time to time borrow by overdraft or otherwise howsoever such sums as it may require in the exercise of its functions under this Act.



(2) The Corporation shall not, without the approval of the National Council of Ministers, borrow any sum of money whereby the amount in aggregate outstanding on any loan or loans at any time exceeds such amount as is for the time being specified by the National Council of Ministers.


The Law gives NNPC the power to spend the money it makes, if the NNPC needs to borrow money, it goes to the FEC for approval not the senate.

now that NNPC has 'disowned' you, what do you have to say?



http://nnpcgroup.com/PublicRelations/NNPCinthenews/tabid/92/articleType/ArticleView/articleId/945/Only-National-Assembly-Can-Appropriate-on-General-Subsidy-Says-NNPC.aspx



https://www.thecable.ng/nnpc-national-assembly-can-appropriate-subsidy



3 things you should imbibe:

1. learn not to argue blindly;


2. always err on the side of justice, fair play, consistency & sensible logic. that way, you will always toe a straight path & not be deceived by personalities...

3. some of us here are not as childish as you are. we are in positions to know exactly what is going on & what certain comments by government officials actually imply below the surface...



the beauty of NL is its anonymity it gives, but that is also its greatest albatross because every tom, dick & harry has an opinion no matter how illogical...

ivandragon:



now that NNPC has 'disowned' you, what do you have to say?



http://nnpcgroup.com/PublicRelations/NNPCinthenews/tabid/92/articleType/ArticleView/articleId/945/Only-National-Assembly-Can-Appropriate-on-General-Subsidy-Says-NNPC.aspx



https://www.thecable.ng/nnpc-national-assembly-can-appropriate-subsidy



3 things you should imbibe:

1. learn not to argue blindly;


2. always err on the side of justice, fair play, consistency & sensible logic. that way, you will always toe a straight path & not be deceived by personalities...

3. some of us here are not as childish as you are. we are in positions to know exactly what is going on & what certain comments by government officials actually imply below the surface...



the beauty of NL is its anonymity it gives, but that is also its greatest albatross because every tom, dick & harry has an opinion no matter how illogical...

Lol did you read the article?

AZeD1:
Lol did you read the article?

now am certain you can't understand what you read...
sorry...

ivandragon:



now am certain you can't understand what you read...

sorry...

For the avoidance of doubt, Mr. Ajiya who was a guest at the Channels Television programme, Sunrise, today, explained that there was under-recovery in the importation and sale of PMS by NNPC, but the burden is categorized as business losses which the Act establishing NNPC recognizes.

Mr. Ajiya had made it explicitly clear that the losses from the PMS imports by NNPC could not be classified as subsidy since it was not appropriated for by the National Assembly.


This is the same thing as saying we did not buy a spade, we bought a farm implement.


Is PMS subsidized in Nigeria ?

AZeD1:


For the avoidance of doubt, Mr. Ajiya who was a guest at the Channels Television programme, Sunrise, today, explained that there was under-recovery in the importation and sale of PMS by NNPC, but the burden is categorized as business losses which the Act establishing NNPC recognizes.

Mr. Ajiya had made it explicitly clear that the losses from the PMS imports by NNPC could not be classified as subsidy since it was not appropriated for by the National Assembly.


This is the same thing as saying we did not buy a spade, we bought a farm implement.


Is PMS subsidized in Nigeria ?

"NNPC wishes to disabuse the minds of its numerous publics to disregard the statement incorrectly attributed to Mr. Ajiya as it represents neither PPMC nor the NNPC’s position on the subject.

The corporation is alive to the critical roles the National Assembly statutorily plays in the administration of the Nigerian Oil and Gas Sector and would, therefore, not undermine the legislators in their legitimate business".



look, your acting daft is irritating.


if you can't read & understand simple statements, why don't you just keep shut rather than exposing your underbelly...

ivandragon:




"NNPC wishes to disabuse the minds of its numerous publics to disregard the statement incorrectly attributed to Mr. Ajiya as it represents neither PPMC nor the NNPC’s position on the subject.

The corporation is alive to the critical roles the National Assembly statutorily plays in the administration of the Nigerian Oil and Gas Sector and would, therefore, not undermine the legislators in their legitimate business".



look, your acting daft is irritating.


if you can't read & understand simple statements, why don't you just keep shut rather than exposing your underbelly...

Simple question is PMS subsidized?

AZeD1:

Simple question is PMS subsidized?

https://nairametrics.com/buhari-ordered-nnpc-to-pay-subsidy-on-fuel/

http://www.nigerianmonitor.com/osinbajo-says-nnpc-bears-cost-of-subsidy-not-fg-nigerian-monitor/


http://dailypost.ng/2018/01/19/pay-subsidy-without-national-assemblys-permission-nnpc/


I think I have 'endured' your daftness enough...

have a nice weekend.

ivandragon:




https://nairametrics.com/buhari-ordered-nnpc-to-pay-subsidy-on-fuel/

http://www.nigerianmonitor.com/osinbajo-says-nnpc-bears-cost-of-subsidy-not-fg-nigerian-monitor/


http://dailypost.ng/2018/01/19/pay-subsidy-without-national-assemblys-permission-nnpc/


I think I have 'endured' your daftness enough...

have a nice weekend.

But your NNPC says they are not subsidizing PMS? From your article this is what NNPC said
" there was under-recovery in the importation and sale of PMS by NNPC, but the burden is categorized as business losses which the Act establishing NNPC recognizes."


So the question stands: Is PMS subsidized? (Yes / no)

AZeD1:

But your NNPC says they are not subsidizing PMS? From your article this is what NNPC said
" there was under-recovery in the importation and sale of PMS by NNPC, but the burden is categorized as business losses which the Act establishing NNPC recognizes."


So the question stands: Is PMS subsidized? (Yes / no)

running around in circles seems to be your talent...


let us start with the sub-initial bone of contention...


you said NNPC does not need authorisation from NAss to pay subsidy...


I said NNPC needs to get approval from NAss & the NNPC has come out to say so...

so, what exactly is your direction about paying subsidy or not? I have given you various comments by the FG & NNPC saying subsidy is being paid...


Baru himself said Buhari ordered it... so what exactly is your point?

just admit your erred on the NNPC not needing authorisation to pay subsidy & let it slide... we learn everyday...