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Senate Inflates Remodelling Projects Debts By N26bn - Politics (2) - Nairaland

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Re: Senate Inflates Remodelling Projects Debts By N26bn by MabraO: 2:07pm On Jun 29, 2014
manmustwac: So then what is corruption?

Corruption is simply thieving
Re: Senate Inflates Remodelling Projects Debts By N26bn by Olaone1: 2:11pm On Jun 29, 2014
lacasa: Vote wisely in 2015


Shikenan!
Vote wisely? Would that produce other nationalities? Don't be fooled, the bandwagon effect transcends parties.


It is a Nigerian thing - no matter how religious undecided

3 Likes

Re: Senate Inflates Remodelling Projects Debts By N26bn by TheLastDon1(m): 2:18pm On Jun 29, 2014
The government needs to oversee accountants in their employment. There probably is an explantion for this discrepancy....You don't see real corruption so blatantly...They should do their bookkeeping well so Nigerians can focus on the real corruption issues....I believe this is misdirection..
Re: Senate Inflates Remodelling Projects Debts By N26bn by Aroh48(m): 2:23pm On Jun 29, 2014
You guys are just there talking rubbish,instead of you guys to fight for your right.You guys just leave this old fools,dey just dey take your heads drink water.SHAME TO YOU ALL.
Re: Senate Inflates Remodelling Projects Debts By N26bn by aresa: 2:35pm On Jun 29, 2014
manmustwac: So then what is corruption?



Ask GEJ.
Re: Senate Inflates Remodelling Projects Debts By N26bn by willyray(m): 2:38pm On Jun 29, 2014
Re: Senate Inflates Remodelling Projects Debts By N26bn by iceberylin(m): 2:41pm On Jun 29, 2014
WHO cares undecided
Re: Senate Inflates Remodelling Projects Debts By N26bn by 1miccza: 2:46pm On Jun 29, 2014
Frank-C:
The Senate Committee on Aviation, which first announced the debts accruing from the remodelling of airport projects, has inflated such by N26 billion from the actual debts of N148 billion to N174 billion.


Since 2011, the federal government embarked on the rehabilitation, expansion and restructuring of airport terminals, the building of 14 fresh cargo terminals, provision of equipment for the Accident Investigation Bureau and the Nigeria Meteorological Agency (NIMET).
Documents made available to THISDAY from the Federal Airports Authority of Nigeria (FAAN) disclosed that the projects are in three phases and the contract value of phase one is N12.81 billion. Total amount already paid is N11.22 billion, with an outstanding balance of N1.58 billion.


The contract value of phase two of the projects is put at N93.43 billion, while the total amount disbursed to the contractors is N53.97 billion, leaving a balance of N39.50 billion.


The third phase of the projects, which is still at infant stage, has contract value of N63.02 billion, while total amount already paid is N4.21 billion and outstanding payments in this phase is N58.81 billion.


The sub-total of the debts therefore is N99.85 billion, which when added to the debts already approved by the Federal Executive Council (FEC) at N48.37 billion brings the total outstanding debts to N148.23 billion. This amount from FAAN differs from the N174 billion that was declared by the Senate Committee on aviation by about N26 billion.


Meanwhile, former Minister of Aviation, Stella Oduah, in collaboration with the Ministry of Finance, the Central Bank of Nigeria (CBN) and with the consent and endorsement of the Senate and House Committees on Aviation made fiscal provisions for the funding of these projects, which was later abandoned by the Ministry of Aviation, hence the accrual of the debts.


The projects were being funded from three sources: accruals from the Bilateral Air Service Agreement (BASA), appropriations and internally generated revenue and this year there was plan to introduce other sources of funding which include airport development levy and security surcharge.


THISDAY learnt that funding came from approval for presidential priority projects on February 21, 2011 for the utilisation of the sun of $60 million in the BASA fund. This was submitted to the National Assembly for appropriation to be supplemented by a sum of N14.6 billion from the internally generated revenue (IGR) of FAAN.

http://www.thisdaylive.com/articles/senate-inflates-remodelling-projects-debts-by-n26bn/182168/

When Stella Oduah was there we said she was corrupt now it's the current minister and the Senate,someone should please arrest this bastards!! At least we now know those behind Odouah's problem...

5 Likes

Re: Senate Inflates Remodelling Projects Debts By N26bn by authority2006(m): 3:00pm On Jun 29, 2014
irun-obo:



WAIT MAKE I HELP YOU ASK GEJ grin
This your username na waya. Pussyhair, mehn.

1 Like

Re: Senate Inflates Remodelling Projects Debts By N26bn by pmc01(m): 3:01pm On Jun 29, 2014
Frank-C:


I think you need to read the article again. Funding arrangements were made and the sources of funding are detailed in the article. What went wrong was that the projects were abandoned by the Ministry of Aviation, probably after the exit of the Minister and the the unwillingness of anybody to be accused of wrongdoing.

Call us ignorant, we hear you.

All we know be say this na use of technical jargons to justify another open secret misappropriation.

Contunu!

1 Like

Re: Senate Inflates Remodelling Projects Debts By N26bn by otokx(m): 3:04pm On Jun 29, 2014
manmustwac: So then what is corruption?

ask GEJ o.
Re: Senate Inflates Remodelling Projects Debts By N26bn by ultrazone(m): 3:10pm On Jun 29, 2014
Nigeria is blessed in all areas. If just 10percent of our wealth is judiciously used for the development of this land, we'll not be here.
www.WeTalkNaira.com
Re: Senate Inflates Remodelling Projects Debts By N26bn by seunfly: 3:24pm On Jun 29, 2014
redsun:

Nigerian populace is under unimaginable hypnotic spell,that is why they sitdownlook like zombies while their roofs are on fire.
You ve diagnosed Nigeria's problem, we are too hypocritic in nature and our leaders are not d problem but we the masses for allowing it to happen because of our tribalistic shallow mind. Imagine some defended what our past leaders has done, some silly people are still defending d present leaders while many will stand by d future leaders and the circle will continue.

4 Likes

Re: Senate Inflates Remodelling Projects Debts By N26bn by Nobody: 3:34pm On Jun 29, 2014
We need to hear from the Senate Committee how they arrived at N174 billion before we can make a conclusion.

1 Like

Re: Senate Inflates Remodelling Projects Debts By N26bn by anonimi: 3:56pm On Jun 29, 2014
prophet_one: Is it not the same senate that the beautiful Remi Tinubu accused of being partisan to the GJ's govt and was vilified for? After all he has clarified that stealing is not corruption so they are enjoying the fruits of a kleptocratic government.

Nigerians vote wisely next time.

Do you know if Remi Tinubu has been REFUNDING the excess illegitimate multi-million salary & allowances she also collects monthly while general workers are paid a miserable N 18,000 monthly
Let her do that first and stop being a HYPOCRITE.

4 Likes

Re: Senate Inflates Remodelling Projects Debts By N26bn by vanndubi: 3:56pm On Jun 29, 2014
jay bee:

Why must all these common stealing be in billions geeez

So that their individual share of the loot will amount to something "reasonable"

I knew when that senator was spitting fire over the illegal funding of those aviation projects, that they actually want their own share. You know how it goes: chop I chop undecided

1 Like

Re: Senate Inflates Remodelling Projects Debts By N26bn by dotcomnamename: 3:58pm On Jun 29, 2014
grin grin grin grin grin

3 Likes

Re: Senate Inflates Remodelling Projects Debts By N26bn by prophetone(m): 4:01pm On Jun 29, 2014
anonimi:

Do you know if Remi Tinubu has been REFUNDING the excess illegitimate multi-million salary & allowances she also collects monthly while general workers are paid a miserable N 18,000 monthly
Let her do that first and stop being a HYPOCRITE.

Why would she refund her remuneration when the money will still be embezzled by the same senate?

Restructuring the allowances of senators is the job of the Committee on Ethics & Privileges, the same committee that is disturbing her peace right now instead of doing their job.

1 Like

Re: Senate Inflates Remodelling Projects Debts By N26bn by vanndubi: 4:04pm On Jun 29, 2014
HNosegbe: We need to hear from the Senate Committee how they arrived at N174 billion before we can make a conclusion.

It's just like asking NNPC how the spent the $10b. They are the government, anything they tell us, that is what we'll take undecided
Re: Senate Inflates Remodelling Projects Debts By N26bn by vanndubi: 4:10pm On Jun 29, 2014
manmustwac: So then what is corruption?

Corruption is any deviation from doing what is morally right and it excludes stealing according to Oga Presdo grin

Are u ok with that?
Re: Senate Inflates Remodelling Projects Debts By N26bn by alVinHustle: 4:24pm On Jun 29, 2014
Much more than this has gone missing before now, and we did nothing about it.
I bet we are all praying to be in their positions tomorrow, so we can write off funds and add zeros where we like without being questioned.
Re: Senate Inflates Remodelling Projects Debts By N26bn by Silensa(m): 4:25pm On Jun 29, 2014
naija my country.














space booked
Re: Senate Inflates Remodelling Projects Debts By N26bn by FrankC3: 4:57pm On Jun 29, 2014
pmc01:

Call us ignorant, we hear you.

All we know be say this na use of technical jargons to justify another open secret misappropriation.

Contunu!

You truly sound ignorant. First, there was no case of embezzlement or stealing. This is a case of money being owed because projects that were meant to be implemented was abandoned, which goes contrary to the terms of the financing arrangement. I really can't see where someone stole money here.

Please, see below, it is a direct quote from the article:


Meanwhile, former Minister of Aviation, Stella Oduah, in collaboration with the Ministry of Finance, the Central Bank of Nigeria (CBN) and with the consent and endorsement of the Senate and House Committees on Aviation made fiscal provisions for the funding of these projects, which was later abandoned by the Ministry of Aviation, hence the accrual of the debts.
Re: Senate Inflates Remodelling Projects Debts By N26bn by Nobody: 5:16pm On Jun 29, 2014
prophet_one: Is it not the same senate that the beautiful Remi Tinubu accused of being partisan to the GJ's govt and was vilified for? After all he has clarified that stealing is not corruption so they are enjoying the fruits of a kleptocratic government.

Nigerians vote wisely next time.
Our vote doesnt count.
Re: Senate Inflates Remodelling Projects Debts By N26bn by redsun(m): 5:18pm On Jun 29, 2014
seunfly:
You ve diagnosed Nigeria's problem, we are too hypocritic in nature and our leaders are not d problem but we the masses for allowing it to happen because of our tribalistic shallow mind. Imagine some defended what our past leaders has done, some silly people are still defending d present leaders while many will stand by d future leaders and the circle will continue.

It is overwhelming my brother.The few people that thinks right are so helpless in nigeria,they can't do fvckall to change the situation.There are cases where police are called to respond to emergencies and they will first of all demand for fuel money from the people in trouble to respond to their emergencies.When it is that bad,that is when you begin to understand how dead and lawless the system is.
Re: Senate Inflates Remodelling Projects Debts By N26bn by inforesource: 6:02pm On Jun 29, 2014
irun-obo:
THERE IS NOTHING BAD SINCE THEY ONLY STOLE 26BILLION cool

STEALING IS NOT CORRUPTION---------GEJ

Up till now you have refused to learn. The process that led or give way to stealing is corruption. That institution is corrupt that is why anybody can still public funds or embezzle. For example, when you say your flash drive has been corrupted, it means you expose it to virus and that leads to its corruption.

Our institutions are so corrupt. Obama said in Ghana that they should build strong institutions and not individual.

1 Like

Re: Senate Inflates Remodelling Projects Debts By N26bn by revelationuche: 6:11pm On Jun 29, 2014

1 Like

Re: Senate Inflates Remodelling Projects Debts By N26bn by myspnigeria: 8:17pm On Jun 29, 2014
naija I hail o, una no dey fail o!!!
Re: Senate Inflates Remodelling Projects Debts By N26bn by BodyKiss(m): 9:05pm On Jun 29, 2014
irun-obo:
THERE IS NOTHING BAD SINCE THEY ONLY STOLE 26BILLION cool

STEALING IS NOT CORRUPTION---------GEJ

I just finished eating, then clicked to view your profile pic. so disgusting. No class or whatsoever.
Re: Senate Inflates Remodelling Projects Debts By N26bn by okotv(m): 9:32pm On Jun 29, 2014
this is funny...billions again.
Re: Senate Inflates Remodelling Projects Debts By N26bn by stinggy(m): 11:15pm On Jun 29, 2014
Julie9093: .

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