From November 2014, about $2.1billion was withdrawn
from Nigeria's excess crude account without the
approval of the National Economic Council, NEC. This
was revealed by the National Economic Council (NEC)
inaugurated by President Muhammadu Buhari today at
the State House, Abuja.
Other atrocities committed under the watch of
President Goodluck Jonathan's administration include the following:
Nigerian National Petroleum Corporation, NNPC,
generated about N8.1trillion between 2012 and May
2015, but paid only N4.3trillion to the federation
account.
The balance of the oil money — about N3.8trillion —
was withheld and spent by the NNPC unilaterally
without approval or National Assembly appropriation.
President Muhammadu Buhari on Monday vowed to
compel all income generating agencies including the
Central Bank of Nigeria, CBN, and NNPC to comply with
stipulated Financial Regulations and Administrative
Instructions regarding remittances into the Federation
coffers.
The President gave the assurance on Monday while
inaugurating the National Economic Council (NEC) at
the State House, Abuja.
The Council comprises of the 36 state Governors and
CBN Governor and is statutorily chaired by the Vice
President in line with the provision of Third Schedule,
Part I, Section 153: Sub section (18 & 19) of the 1999
Constitution as amended.
The Council on Monday set a four-man Committee to
investigate the state oil company, NNPC over the
missing N3.8trillion.
Mr. Oshiomhole, who, alongside the governors of
Kaduna state governor, Nasir El-Rufai, and Zamfara
governor, Abdulazeez Yari, told journalists that
following the discovery, the NEC has set up a four-
member committee to comb the books of the NNPC to
confirm its remittances and how the excess crude
account was utilised.
Mr. Oshiomhole said Monday’s meeting was the first
time the NNPC and the office of the Accountant
General of the Federation, briefed the National
Economic Council, as directed by President
Muhammadu Buhari.
The governor said Mr. Buhari “compelled” the NNPC to
provide information in “black and white” on issues
relating to the total sales of Nigeria’s crude oil from
2012 to May 2015.
"What we saw from those numbers I believe that
Nigerians are entitled to know, is that whereas the
NNPC claimed to have earned N8.1 trillion, what NNPC
paid into the federation account from 2012 to May
2015 was N4.3trillion", the governor said.
“What it means is that NNPC withheld and spent N3.8
trillion.
“The major revelation here is that for the entire
federation — that is the federal government, the states
and all the 774 local governments — the amount the
NNPC paid into the federation account for distribution
to this three tiers of government came to N4.3 trillion
and NNPC alone took and spent N3.8 trillion. Which
means the cost of running NNPC is much more than
the cost of running the Federal Government. That tells
you how much is missing, what is mismanaged, what is
stolen, they are huge figures.”

http://elombah.com/detail.php?world=33580

.

Na part of that money them blow on election campaign. Who can forget how GEJ and his cronies were Blowing Money Fast, in dollars, during the campaigns. Smh.

500billion i smell lies

You people should stop distracting us from focusing on our incoming president buhari



Yes incoming until he gets to work

Hmmm

Issokay

Let's wait for next 3 months then

May God see us through three month is not far

All hail the Nobel Peace prize nominee!

Fact finding dullardinhos.

I pray this dispensation/ regime achieves something apart from witch hunt.

God Bless Nigeria

400billionman:
Fact finding dullardinhos.

I pray this dispensation/ regime achieves something apart from witch hunt.

Don't worry
Things will start working after all the witches and wizards that destroyed our economy are safely locked away!
Hence the witchhunt must continue!
Go on , Sai Baba

any Jonathan aide wey no make am during his administration no go make am for hin life.

This mofo's should let Jonathan be and get on to governing the country. The cheerleading is getting out of hand...

lunaticfringe:
This mofo's should let Jonathan be and get on to governing the country. The cheerleading is getting out of hand...

Where is the money to get on with the country. Should they use air to run the country or you have some money you can borrow them. If you don't have any of the above, keep your dirty mouth shut

baby124:

Where is the money to get on with the country. Should they use air to run the country or you have some money you can borrow them. If you don't have any of the above, keep your dirty mouth shut

I am sure you are quick to believe this lie as if you have no brain.
If the tables were turned against buhari, people like you will term it "taniod hating".
Tell your buhari to start work and stop disturbing us.
Let him arrest jonathan if he can. If not, then he should stop blowing hot air.

Jonathan was a scam !!!
Anybody wey tok say jona deserve peace ambassador,the thunder wey go strike am dey do press up for mountain kilimanjaro........

Olamitisoji:
500billion i smell lies

See mumu...we talking abt someone that spent trillions on campaign u here spewing trash

The courts are open, EFCC is there, investigations should be made and then due process followed.

baby124:

Where is the money to get on with the country. Should they use air to run the country or you have some money you can borrow them. If you don't have any of the above, keep your dirty mouth shut

You don't tell me to shut up biatch... The morons should get to work. First it was that Jonathan left an empty treasury but we all know what happened with that accusation. I suggest you be open minded and stop swallowing whatever poo these imbeciles keep feeding you type...

baby124:

Where is the money to get on with the country. Should they use air to run the country or you have some money you can borrow them. If you don't have any of the above, keep your dirty mouth shut

You don't tell me to shut up biatch... The morons should get to work. First it was that Jonathan left an empty treasury but we all know what happened with that accusation. I suggest you be open minded and stop swallowing whatever poo these imbeciles keep feeding your type...

Goatlack Jonathan has killed us.

Lalasticlala.

We can all see why aregbe cannot pay salary. Ole ole ole na imm dey just do all thru.

lunaticfringe:
[s]This mofo's should let Jonathan be and get on to governing the country. The cheerleading is getting out of hand... [/s]

you should have told GEJ to leave our money now

#bringbackourmoney

IbnSultaan:
From November 2014, about $2.1billion was withdrawn
from Nigeria's excess crude account without the
approval of the National Economic Council, NEC. This
was revealed by the National Economic Council (NEC)
inaugurated by President Muhammadu Buhari today at
the State House, Abuja.
Other atrocities committed under the watch of
President Goodluck Jonathan's administration include the following:
Nigerian National Petroleum Corporation, NNPC,
generated about N8.1trillion between 2012 and May
2015, but paid only N4.3trillion to the federation
account.
The balance of the oil money — about N3.8trillion —
was withheld and spent by the NNPC unilaterally
without approval or National Assembly appropriation.
President Muhammadu Buhari on Monday vowed to
compel all income generating agencies including the
Central Bank of Nigeria, CBN, and NNPC to comply with
stipulated Financial Regulations and Administrative
Instructions regarding remittances into the Federation
coffers.
The President gave the assurance on Monday while
inaugurating the National Economic Council (NEC) at
the State House, Abuja.
The Council comprises of the 36 state Governors and
CBN Governor and is statutorily chaired by the Vice
President in line with the provision of Third Schedule,
Part I, Section 153: Sub section (18 & 19) of the 1999
Constitution as amended.
The Council on Monday set a four-man Committee to
investigate the state oil company, NNPC over the
missing N3.8trillion.
Mr. Oshiomhole, who, alongside the governors of
Kaduna state governor, Nasir El-Rufai, and Zamfara
governor, Abdulazeez Yari, told journalists that
following the discovery, the NEC has set up a four-
member committee to comb the books of the NNPC to
confirm its remittances and how the excess crude
account was utilised.
Mr. Oshiomhole said Monday’s meeting was the first
time the NNPC and the office of the Accountant
General of the Federation, briefed the National
Economic Council, as directed by President
Muhammadu Buhari.
The governor said Mr. Buhari “compelled” the NNPC to
provide information in “black and white” on issues
relating to the total sales of Nigeria’s crude oil from
2012 to May 2015.
"What we saw from those numbers I believe that
Nigerians are entitled to know, is that whereas the
NNPC claimed to have earned N8.1 trillion, what NNPC
paid into the federation account from 2012 to May
2015 was N4.3trillion", the governor said.
“What it means is that NNPC withheld and spent N3.8
trillion.
“The major revelation here is that for the entire
federation — that is the federal government, the states
and all the 774 local governments — the amount the
NNPC paid into the federation account for distribution
to this three tiers of government came to N4.3 trillion
and NNPC alone took and spent N3.8 trillion. Which
means the cost of running NNPC is much more than
the cost of running the Federal Government. That tells
you how much is missing, what is mismanaged, what is
stolen, they are huge figures.”

http://elombah.com/detail.php?world=33580

When a man is confused on what to do, LAMENTATION & EXCUSES become his watchwords


OP pray not to be


As Confused as Buhari

vedaxcool:

you should have told GEJ to leave our money now

#bringbackourmoney

Maybe we start with obasanjo and atiku.... Tell them to bring the country's money back... Kai why are Nigerian's so Gullible

These people! When you are still running a whole nation as a private enterprise without a single achievement,yet,you are busy criticizing a man who has done so much for this nation. Continue your campaign for with time,you will know that Nigeria has grown bigger than you think.

GEJ no dey take eye see money. He must carry am. Thank God him down leave. That man's aim was to destroy this country.

Olamitisoji:
500billion i smell lies

Na hin the man use console himself.

Chisos...adonbilivit...