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Nairaland Forum / Nairaland / General / Politics / Jonathan, NOI, Governors And The Excess Crude Account Events (41066 Views)
Photos Of Buhari With APC And PDP Governors And Aisha Buhari In London / Wike Mocks 5 APC Governors And Amaechi At Campaign / Excess Crude Account Now $2.26bn – FG (2) (3) (4)
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Re: Jonathan, NOI, Governors And The Excess Crude Account Events by OtunbaJega: 7:27am On Jul 09, 2015 |
Trash as usual 6 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by illmatic101(m): 7:31am On Jul 09, 2015 |
Make I go bath first I dey come back |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Mogidi: 7:33am On Jul 09, 2015 |
OtunbaJega: The article is for "discerning minds" 17 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by nagastat: 7:34am On Jul 09, 2015 |
The crux of the matter is that the FAAC did not approve of the withdrawal. Its as simple as that! What instrument of the procedural laid down laws were invoked to warrant the release of the funds. She said ex president Jonathan ordered it! Are such orders from the president not usurping the code of conduct and due process. FAAC didn't approve and their non approval was circumvented. P.S @ OP, you seem to me a very naive character. Embrace common sense! It would do you good! 8 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Nobody: 7:35am On Jul 09, 2015 |
Mogidi:Yar'adua inherited $20billion ECA nobody asked him or any of his ministers why the ECA dropped to $6.5 billion. Jonathan inherited $6.5billion and managed to leave behind $2billion despite the fact that the governors were so much on his neck. The explanation of the ECA under Jonathan is not a secret affair. Can that be said of Yar'adua and Obasanjo? Can that be said of the Governors? 6 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Mogidi: 7:35am On Jul 09, 2015 |
March 2012 This is where my problem lies with APC, their gullible supporters don't remember the above. 7 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by obailala(m): 7:35am On Jul 09, 2015 |
barcanista: Now something striking was revealed in this your research. So you mean OBJ actually saved ECA funds of up to $20billion? Wow! OBJ met a nation with a foreign reserve of $5.4billion but he grew this figure to well over $40billion by the time he left office. He also saved ECA funds of $20billion and this same man also paid off Nigeria's external debt of $12billion (after negotiating it down from over $30billion in his numerous foreign trips). Lest I forget, the average oil price in the tenure of OBJ was $38 per barrel as against the $100 per barrel average in the reign of GEJ. Meanwhile, Obasanjo who achieved the above is the same man we all called (and still call) 'useless thief' and Ota monkey while we go ahead to defend, praise, glorify and immortalise his successors who crashed our entire reserves in a space of 5 years when we had an economic boom. How can any right thinking society do this?... why is the black man like this for God's sake? I have learnt a lesson in life that it takes you to meet a devil before you can truly identify who the angels are. OBJ deserves an apology from Nigerians. 49 Likes 16 Shares |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by obailala(m): 7:41am On Jul 09, 2015 |
barcanista:It was the freaking job of Jonathan to ask OBJ and Yaradua what they did with the money during their tenures. If GEJ in his carelessly corrupt ways did not think it was necessary to check how his predecessor spent government funds, is that a reason why his successor (PMB) should also follow the same path of unaccountabilty? 15 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Nobody: 7:42am On Jul 09, 2015 |
FAAC was pre-informed simple and the withdrawal wasn't done in one swoop. It was done in phases and the FG under GEJ informed the FAAC after every withdrawal. Sometimes you people can be funny. Which laid down law was broken? Which Code of Conduct? No law was broken....If any, state the law! Were they aware of the withdrawal or not? Did they protest after the first and second withdrawal? Did they protest when the balance sheet was read in January? The money was more of National interests and done by a constitutedd authority. The States should leave NOI or Go to court. nagastat: 11 Likes 2 Shares |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by MabraO: 7:43am On Jul 09, 2015 |
barcanista: [b]Barcanista U aren't as wise as u think. U provided links to all ur claims except for wen $1billion was deducted from d ECA btw November nd December, nd even saying osho baba was aware how re we sure Secondly, do u know more than NOI? She said Jonah daft ordered her to withdraw d said money yet u coming here as her lawyer to defend her U just an attention seeker. I wonder how people take u serious 25 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by joseph1832(m): 7:43am On Jul 09, 2015 |
Barcanista can we actually see case file/numbers of these cases where the governors took the FG to court?. I believe the cases must have been filed even though the FG decided to settle out of court. And just why, why is the FG always making out of court settlements with the governors? I mean if the FG really feel that protecting and not sharing the ECA is best for the country, why did the FG now settle out of court?. 5 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Mogidi: 7:45am On Jul 09, 2015 |
barcanista: My anger is directed more at the governors who depleted the savings in the first place. Less than two months after GEJ left power someone is already attempting revisionism. Some people forgot it was the governors that insisted the money be shared. The governors wasted our resources while blaming Jonathan, there's no Jonathan to blame any more. 5 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Nobody: 7:45am On Jul 09, 2015 |
Mogidi:They are only trying to divert attention and to tarnish NOI's image. What did they do with the money they all received? They still went broke even after sharing almost N3trn in ECA alone between 2011 and 2014 (in addition to statutory allocation). 9 Likes 3 Shares |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Mogidi: 7:47am On Jul 09, 2015 |
joseph1832: Why won't the fed govt settle out of court, are governors not stake holders in the Nigerian project? 3 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by PassingShot(m): 7:47am On Jul 09, 2015 |
nduchucks:When I read the OP's half-truths, I always shake my head in disbelief. How on earth can a sane person justify why $2 bn was taken fraudulently from the ECA without the agreement of joint-owners? Were the governors not right after all, for going to courts to stop the FG from operating the illegal accounts knowing fully well that GEJ/NOI were stealing from it? Again, what happened with all monies earned by Jona when crude sold for $130 per barrel that they needed to "steal" from the SWF and ECA? barcanista, you are a huge shame for trying to defend this fraud. You must be very corrupt in your soul to come up with this nonesense. 22 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by PassingShot(m): 7:49am On Jul 09, 2015 |
barcanista:What did FG do with her own share of the money during the crude windfall (peaked at $130)? Is it not disheartening that FG had to borrow to pay salaries in March and April? 13 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Nobody: 7:52am On Jul 09, 2015 |
MabraO:Dece 17 2014: FG informed FAAC on $1b drop in ECA www.businessdayonline.com/2014/12/nigerias-revenue-again-slumps-n36-6bn-as-eca-depletes-to-3-1bn/ As for your "number 2" question it is answered in the write up! I don't spread lies 5 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by PassingShot(m): 7:52am On Jul 09, 2015 |
joseph1832:@ emboldened, the FG opted to settle out of court so that they could continue to operate the illegal accounts as a means to continue their looting of the money there. It's simple and straight-forward. Had they not settled out of court, the accounts would have been ordered closed and all monies shared once and for all. That way, no future money will be kept there and that means no future money to steal. 5 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Mogidi: 7:55am On Jul 09, 2015 |
PassingShot: What did the governors do with their own share, you people selfishly leave out the governors who created the chaos in the first place. 3 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by PassingShot(m): 7:57am On Jul 09, 2015 |
Mogidi:Who has left out governors out of this? The issue at hand now is that of FG. That of governors continue to receive attention as well and it is more up to each state's successor to probe his predecessor. GEJ, NOI, Madueke and their cohorts are criminals. Pure and simple! 8 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by IbokUtoroh(m): 7:58am On Jul 09, 2015 |
adadadon:do u knw d meaning of due process? 2 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by major466(m): 7:58am On Jul 09, 2015 |
It is on record that govs led by Bukola Saraki and Rotimi Ameachi during the struggle for the liquidation of ECA declared that the ECA was illegal and must be abolished, citing the Nigerian constitution that states that all revenues generated by the federal government must be shared with states and local government. It is amusing to see these same gov accusing the administration of GEJ for depleting the ECA. If not for the duggedness of NOI not to backdown on the Sovereign Wealth fund initiative, the ECA would have been liquidated a long time ago. The govs are only play acting to cover for their own gross failures. 8 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by PassingShot(m): 7:58am On Jul 09, 2015 |
Mogidi:What is in that article? Crappy and very watery which is only capable of deceiving gullible ones like you. 16 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by nagastat: 7:58am On Jul 09, 2015 |
barcanista: Whether the funds were withdrawn in phases like a rat chirping away at a tuber of yam in nibbles or the rat transforming an carry away the whole yam at once. The fact still remains that the FAAC did not approve of it. The FAAC non approval was usurped. If the FAAC recommendations on the said fund can be usurped and unilaterally upturned at will then how can there ever be accountability and due process. 3 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by IbokUtoroh(m): 8:00am On Jul 09, 2015 |
adadadon:we r waitng. |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by joseph1832(m): 8:00am On Jul 09, 2015 |
PassingShot:I see. I suspected this but I wanted barcanista to clarify it. What beats me is the way the state governors always take the FG to court and the way the FG always cower whenever the state governors come crashing in demanding for the sharing of funds. I believe even that the ECA was shared between the state governors and the FG that's why the FG always agree to settle out of court. Mogidi:What has governors being stake holders in the polity got to do with anything? Are you, me and your fellow vaudeville of pundits and carpetbaggers not stake holders also? Did the shared money get into our private accounts?. Please elucidate on this your stake holder jibe. I want to fully understand it bro. 5 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Mogidi: 8:01am On Jul 09, 2015 |
PassingShot: How can you call people criminals when there are no verifiable evidence to back up such claims? Have they been convicted? You're beginning to sound like a tout. 7 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Nobody: 8:01am On Jul 09, 2015 |
Mogidi:bros, you see these APC people are very dangerous when it comes to propaganda. They tell bare-face lies and deploy their social media thugs to sing it just to hoodwink Nigerians. Someone is asking where the extra goes when the oil was sold at $135 per barrel. He/she forgot that the ECA as at August 2010 was lass than $500m. He didn't ask himself where all those billions of dollars that was shared between 2011 and 2014 came from. He didn't even ask how the balance of $2billion came about. Smh 13 Likes 1 Share |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by MabraO: 8:03am On Jul 09, 2015 |
barcanista: So during d 5 years regime of Jonah daft Nigeria didn't earn anything from oil Except to deplete d savings of obj nd d remains of yaradua Wot a wasteful government Only in Nigeria governor hold d president to ransom. I shake my heard 6 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by PassingShot(m): 8:04am On Jul 09, 2015 |
Mogidi:Stop wailing! They plunged Nigeria into the unimaginable mess we now find ourselves even though we should have no business being in this current state. And it is hypocrites like you who would want PMB to solve the problems created in sixteen years of PDP rule, just in 5 weeks. 5 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by IbokUtoroh(m): 8:04am On Jul 09, 2015 |
Truth234:ur question suppose to be what did yaradua did wif the monies he shared from eca, cos we all knw during his tenure no tangible projects were executed. A whooping 13..5billlion dols vamoose from eca just like dat? 4 Likes |
Re: Jonathan, NOI, Governors And The Excess Crude Account Events by Nobody: 8:05am On Jul 09, 2015 |
IbokUtoroh:Don't mind him. They will just be shouting "Due process" without understanding what it is. 2 Likes |
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