seunmsg:


She only got away because of the peculiarity of Nigeria. In other climes, they will drag her ass for not putting the country first she will never smell a public office again in her life.

Accusations and counter-accusations are trailing the account secretly owned in J.P. Morgan. Yesterday, the Nigeria National Petroleum Corporation (NNPC) disowned the controversial account.

NNPC Group Executive Director (Finance) Mr. Bernard Otti told the joint Senate Committees on Petroleum Resources (Downstream), Appropriation and Finance investigating the management of the fuel subsidy scheme that J. P. Morgan Account was opened by the Central Bank of Nigeria (CBN) on its behalf in 2002.

The CBN had earlier told the committee that the secret account was opened and solely managed by the NNPC.

But Otti told the committee that the CBN is the sole signatory to the account.

Finance Minister Dr. Ngozi Okonjo-Iweala on Monday said her ministry had no hand in the account.

Though Mrs. Okonjo-Iweala told the committee that she is aware of the account, she denied knowledge of its details, including the number.

NNPC Group Managing Director Andrew Yakubu told the committee that the CBN owns the account.

Committee chair Senator Magnus Abe compelled Otti to appear before the committee to clarify the status of the account.

Otti claimed that the CBN operates the account on behalf of NNPC “right from the outset when the account was opened in the United States”.

He said: “The NNPC has no direct contact with the J.P. Morgan account. The account was opened by the CBN on behalf of the NNPC. It was opened in the last quarter of 2002 by the CBN for NNPC.

“The account is operated by NNPC in the CBN. CBN has its correspondent banks to which NNPC isn’t a party. NNPC doesn’t operate that account; NNPC operates domiciliary account with CBN.”

Asked to be definite if the NNPC or the CBN operates the account and whose money is paid into it, Otti said:

“The money paid into the account is crude (oil) money of Nigeria . We are not party to that transaction. Our relationship with the CBN accounts begins and terminates with that account.”

Otti said the CBN is the only signatory, such that the NNPC is not even on the account mandate.

He insisted: “The CBN is the signatory to that account. We have no relationship with J. P. Morgan whatsoever. We are not in the mandate.”

The committee vowed to ensure that accounts not known to the Constitution are closed and all monies paid directly into the Federation Account.

http://www.channelstv.com/2012/07/02/senate-committee-discovers-illegal-nnpc-account/


https://www.youtube.com/watch?v=ugOjxv7EMD4
CBN has denied operating it,Finance Ministry and NNPC. This account has a sole signatory which points to specific person. Mohammed Buhari had mentioned this same fact about this secret account a few weeks ago.

http://www.punchng.com/news/nnpc-denies-keeping-two-accounts/

Finance Minister Dr. Ngozi Okonjo-Iweala on Monday said her ministry had no hand in the account.

Though Mrs. Okonjo-Iweala told the committee that she is aware of the account, she denied knowledge of its details, including the number.

seunmsg:


So, why is omkry denying the obvious? Who is he trying to deceive by denying the allegation that Jonathan released and shared 150billion to his cronies few weeks to the election?

seunmsg:


So, why is omkry denying the obvious? Who is he trying to deceive by denying the allegation that Jonathan released and shared 150billion to his cronies few weeks to the election?

MrPolitics:
This doesn't prove that the money was used otherwise though
And I'm pretty sure Jan 20th isn't 2 weeks away from March 28th.
The VP said 2 weeks to the elections

Billyonaire:
Commissioner Osubande is forming Tunde Idiagbon.

Hahahahaa

3 years after, the blame game continues.

Jonathan was voted out because of corruption, Yes we know.

What have you done there, Professor Pastor since you and the Perennial Recessionist got good water to bath in Aso Rock.

AnodaIT:
Were weapons not purchased?
Was Sovereign fund not funded which Ameachi challenged and got it shared?

Show evidence of the money being shared or we assumed that the new Boko Haram $1bn signed documents are also evidence of sharing

deomelo:

3. The minister and the president knew Dasuki was sharing the money, even some of the crooks Dasuki shared the money with confessed that the president sent them to Dasuki to take their share and even offered to return their share, some have done so already to avoid going to jail.

MaziOmenuko:


How did you arrive at this bogus claim? The president requested for money through the NSA for buying military hardware, so the finance minister would automatically summarize that military hardware equals looting and sharing?

You know nothing!

MaziOmenuko:


How did that make her 'useless'? she did that for transparency sake; despite knowing the money would hardly be accounted for, she absolved her office of any blame by directly putting it to her principal that the NSA would account to him and not the Minister for finance. Was she to disobey a written request by her principal?

You guys just make careless statements like street urchins.

CharleyBright:
Oga Vice President, OK we have seen.
Jonathan and his govt looted, that we the people of Nigeria already know, and that is why we kicked them out. But you and your President can't spend 4years whinning and telling us about all we already know about Jonathan's govt.
We voted you in to perform and do better, but nothing has changed.
Someday in the near future when you and your govt are gone, am very sure documents like this will start flying as evidence to show how you and your govt looted.
So spare us this crap and get to work to salvage the mess your govt has compounded.

MaziOmenuko:


How did you arrive at this bogus claim? The president requested for money through the NSA for buying military hardware, so the finance minister would automatically summarize that military hardware equals looting and sharing?

You know nothing!

AnodaIT:
Were weapons not purchased?
Was Sovereign fund not funded which Ameachi challenged and got it shared?

Show evidence of the money being shared or we assumed that the new Boko Haram $1bn signed documents are also evidence of sharing

HIGHESTPOPORI:
Same way Ameachi and Tinubu released and shared looted funds for Buhari election?

MrPolitics:
This doesn't prove that the money was used otherwise though
And I'm pretty sure Jan 20th isn't 2 weeks away from March 28th.
The VP said 2 weeks to the elections

deomelo:



She knew about the account, but didn't know the detail when in fact she should know everything about our money and also was supposed to make sure every kobo we generate goes into the FG account.


See how cunning, incompetent and conning ans sneaky the woman as as out finance minster.?


She basically did not do her job and was always ready to dodge and pass blame

She PLAID us all the way.

HIGHESTPOPORI:
Same way Ameachi and Tinubu released and shared looted funds for Buhari election?

Gozbrown:
shame on u Osibanjo. U don't leak a document like dat to the public. Jonathan never did dat to the previous administration.

Ken4Christ:
You can't make meaningful progress when you are always looking back. You cannot change the past but you can do something about the future. Osibanjo and APC led government should stop taking us to the past.