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Nairaland Forum / Nairaland / General / Politics / Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts (16834 Views)
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Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by zakim(m): 6:25am On Jan 17, 2021 |
The recently signed Finance Act, which empowers the federal government to help itself to a loan of N850 billion naira from dormant accounts and unclaimed dividends, is creating concerns amongst Nigerians. https://dailytrust.com/finance-act-disquiet-as-fg-targets-n850b-from-dormant-accounts 2 Likes 3 Shares
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Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by helinues: 6:34am On Jan 17, 2021 |
Only if FG would be transparent on how to spend the money. Still better for FG to get the loan from the dormant accounts than allowing those crooked bankers to be using it anyhow. 20 Likes 3 Shares |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by CodeTemplar: 6:45am On Jan 17, 2021 |
Borrow n share govt 9 Likes 2 Shares |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Racoon(m): 6:46am On Jan 17, 2021 |
Guess they will start auctioning their citizens in the next case since the financial crunch is biting them this hard. This is what cluelessness, incompetency or lack of a feasible economic blueprints can cost a nation. 81 Likes 7 Shares |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by capatainrambo: 6:49am On Jan 17, 2021 |
I have money in my first bank havnt touched it close to 13 yrs now. If first bank give fg my money they will pay me back 102 Likes 4 Shares |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Racoon(m): 6:51am On Jan 17, 2021 |
helinues:The question is-what have the FG done with all the chronic borrowings they have gotten? What became of all the so called revenues generated from TSA, NPA, NCS, FIRS, NNPC, etc as claimed by the government? Govt even borrowed pensioners monies when a crooked former civil service pension boss Abdulrasheed Maina is undergoing a shabby probe for corruptly enriching himself with the peanuts these retirees get @ the end of the day. No nation survives on borrowing.Indiscriminate borrowings and serving debts is not a sound economic policy especially in an oil-dependent non-economy like Nigeria.Debt servicing is not debt payment. 67 Likes 5 Shares |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by helinues: 6:52am On Jan 17, 2021 |
Racoon: Femi Adesina should be able to answer all your questions 4 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Racoon(m): 6:55am On Jan 17, 2021 |
helinues:Even you too know that the rabblerouser is just a higher order graded zombie that is telling all manners of lies just to earn his pay. Adesina added that he remains a “dyed-in-the-wool Buharist” irrespective of what others see as “foibles and failings of the administration”https://www.thecable.ng/femi-adesina-nigeria-would-have-been-better-if-buharis-military-regime-had-lasted-longer 21 Likes 1 Share |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Brightfab(m): 6:57am On Jan 17, 2021 |
capatainrambo: 1 Like 1 Share |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Jesse6(m): 7:00am On Jan 17, 2021 |
If at all na better thing them go use the money do e for no pain anybody |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Mysticwebb: 7:01am On Jan 17, 2021 |
Fidelity Bank don't give FG my money o, I will soon create out time to come and reactivate my account there and do the needful. I no won hear story. 13 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by zeusdgrt(m): 7:17am On Jan 17, 2021 |
Bad leaders 2 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by ArmaniUhuru: 7:17am On Jan 17, 2021 |
850 billions? Now what’s the difference between this government and hushpuppi? What about people that are outside the country and Thor accounts are dormant? Shey Government go con collect their savings ni? Thievesssssssss 28 Likes 3 Shares |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Starcrest1: 7:17am On Jan 17, 2021 |
After that what next, they will target the active ones. This government ain't brilliant...... 15 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by ATEAMS: 7:18am On Jan 17, 2021 |
Them know weytin them do |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by AroleOduduwa2: 7:18am On Jan 17, 2021 |
I have never heard of any administration in the world who is as callous as Buhari led administration. You stole all our resources, mortgage the future of the unborn Nigerians and now this? 23 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by kayjay69(m): 7:19am On Jan 17, 2021 |
The only thing the Federal Government of Nigeria is left to do is basically arm rob it's own citizens. Oh wait, they literally have all government agencies doing that already. Restructure or this: the choice is pretty simple. 6 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Nobody: 7:19am On Jan 17, 2021 |
government wey we no dey ever understand 1 Like |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by udoakwa(m): 7:21am On Jan 17, 2021 |
The most useless government since the creation of Nigeria, buhari keeps breaking failed records back to back 5 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by sematec(m): 7:22am On Jan 17, 2021 |
if you get dormant acct, collect your change and close it 2 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by helinues: 7:22am On Jan 17, 2021 |
kayjay69: Something they have been doing without using any ammunition.. They are called Smooth Criminals 6 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Livefreeordieha(m): 7:22am On Jan 17, 2021 |
zakim:i just dey laugh diz people nor understand saytuface misleading lyrics of nothing dey happen Na just lyrics because something actually dey happen and go happen lol |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Jostoman: 7:23am On Jan 17, 2021 |
helinues:you are always in support of evil, if any of my bank try nonsense with my bank account weather dormant or active they will have themselves to blame. 14 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by ArmaniUhuru: 7:23am On Jan 17, 2021 |
2 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Jostoman: 7:23am On Jan 17, 2021 |
All this bank are playing with fire, so I will go to the bank now that I want to reactivate my dormant account my bank will now be telling me Nonsense. |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Yakubu113: 7:24am On Jan 17, 2021 |
When will the FG pay back the money. The world borrow is just use to deceive people that still believe in them anyway. 2 Likes |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by MANNABBQGRILLS: 7:24am On Jan 17, 2021 |
Questions arising from this dormant account brouhaha. Who is representing the interest of the investors whose dividends will be borrowed? What are the terms and conditions of the borrowing and who negotiated them? How will the borrower pay back principal and interest? Remember that some may have dormant accounts resulting from being sent out for a period on official assignments or have travelled for studies, etc. They return to the country to discover that their entire savings have been cleared via ‘FGN borrowing from dormant accounts.’ What will such persons do to continue their lives? These are some of the questions we need answers to before this can move on. We need all the transparency in this transactions. This is the CHANGE we voted for, no more business as usual, knowing that the evil and looting party would have just carry on through the backdoor stealing citizens money and looting it to their account without minding whose ox is gored. On a lighter note, $850 BILLION Naira wey some people no dey use again.... some for many many years?! Money dey where e dey for dis country abeg! 4 Likes 2 Shares |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by gambia(m): 7:24am On Jan 17, 2021 |
This country is completely finished. |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by fitzmayowa: 7:24am On Jan 17, 2021 |
The government is just clueless of how to proceed with the affairs of this nation, the greatest mistake Nigerians made was to vote this clueless government in for 8 years.... They make life difficult for Nigerians daily, in the last 8 months it one policy or the other of make life difficult. You deposit money you pay tax, you withdraw money you pay tax, VAT increased, inflation at over 15%, fuel subsidy they claim they've removed is back again with them paying 2 billion daily on that, now they are targeting dormant accounts....Whew!!! 1 Like |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Generalkorex(m): 7:25am On Jan 17, 2021 |
Money dey dormant account o 1 Like |
Re: Finance Act: Disquiet As FG Targets ₦850 Billion From Dormant Accounts by Nobody: 7:25am On Jan 17, 2021 |
Put money for house buhari bandits would come and rob it. Put it in the bank buhari himself would go and rob it. All kind of tarrifs have been placed to deposit, transfer and cash out yet it's not enough for them Electricity prepaid cards have gone up (it doesn't last again) Data has gone up (it doesn't last again) Transportation fares have gone up Rice has gone up Fuel has gone up Universities just coming from months strike (no certainty on what next ) Cable Subscription has gone up Dollar rate against naira has gone up All these tarrifs and yet excessive borrowing and nothing to show for it Boko Haram, Bandits, Fulani Herdsmen are on an all time high Government Nepotism at an all time high People can't go to the farm for fear of Herdsmen People can't travel useless roads for fear of getting kidnapped by bandits Yet some are still supporting this government like they are not affected, you speak they shit blame on government behalf 14 Likes |
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