Mogidi:


You accuse the fed govt of settling out of court with the governors, then I asked you why shouldn't the fed govt settle with the governors.
The money was being kept as an insurance against raining days, if the governors went as far as going to court to challenge the decision, why shouldn't the fed govt settle? Would Buhari do otherwise?


http://www.premiumtimesng.com/news/110715-governors-demand-release-of-one-billion-dollars-from-excess-crude-account.html

MabraO:


So u mean to tell me Nigeria only generated $4billion in 3years even wen d price of crude was sold for over $150 per barrel

Make una surfree dey lie Abeg

joseph1832:
Why should they settle out of court in the first-place? The money being kept is meant for 'a' rainy day, the governors saying they should share the money and the FG obliging without so much as a fight shows there is something amiss here.

If you ask me, I will say its all the basic PDP mantra of "share the money". The ground that the ECA was meant for 'a' rainy day would have suffice in court should the FG held their ground.

I'll like to see these present crop of governors demand to share the ECA now that we have a PMB as president. let's see if it will be business as usual.

barcanista:
As at August 2010 the ECA was meagre N450 million (N70billion). Where do you think the N6.21 trillion shared between 2011 and 2014 came from? Where do yu think the $2billion used for subsidy and balance $2billion come from? How can you say GEJ didn't generate then? Na common sense thing... How much did Yar'adua remain $6.5 billion which is just slightly above N1trillion. Common sense should tell you that all the N6.21trillion was generated by GEJ in addition to the $2billion leftover and $2billion used for subsidy.

Perhaps the N6.21trillion that was shared was generated by Buhari.

MizMyColi:


Their cup of mandarin tea then.
I could care less whether they read or not.
They should stop taking Nigerians for a ride and get down to the real business of governance.

Mogidi:


PMB would do the same, he's already started sharing money instead of asking the governors what they did with their allocation.

Mogidi:
Can you provide any link to their objection pre MAY29th?

joseph1832:
Oh kay give me details as to the money shared between PMB(FG) and the state governors. And please don't mention the ECA fund disburse by the FG to help the state governors pay salaries because that act done by PMB is really saving for 'a rainy day'.

anonimi:




To buttress the share, share, share jamboree that went on with the 36 state governors.




www.nairaland.com/attachments/2578022_iweala_jpeg0858fd35c7757170d8155dae6623e1c2

joseph1832:
Oh kay give me details as to the money shared between PMB(FG) and the state governors. [size=13pt]And please don't mention the ECA fund disburse by the FG to help the state governors pay salaries because that act done by PMB is really saving for 'a rainy day'.[/size]

joseph1832:
Hmm. I hope you no miss road?

barcanista:
As at August 2010 the ECA was meagre N450 million (N70billion). Where do you think the N6.21 trillion shared between 2011 and 2014 came from? Where do yu think the $2billion used for subsidy and balance $2billion come from? How can you say GEJ didn't generate then? Na common sense thing... How much did Yar'adua remain $6.5 billion which is just slightly above N1trillion. Common sense should tell you that all the N6.21trillion was generated by GEJ in addition to the $2billion leftover and $2billion used for subsidy.

Perhaps the N6.21trillion that was shared was generated by Buhari.

MizMyColi:


No, I'm on a thread created by Barcanista.
Why are you concerned?

Mogidi:

"Better reputation" shouldn't be used in the same sentence when referring to Oshiomhole.
NOI is a world renowned economist of world bank fame.
Her services are sought for worldwide, Oshiomhole on the other hand is a glorified NURTW activist turned governor.

gensteejay:

Your analyses are nice, but are filled with half-truths; the salient points raised therein were tainted by your intent to hide the monumental corrupt practices perpetrated by the last administration.

barcanista:
Which law was broken? Oga NO law was broken and it appears like you have comprehension issues. There was nothing like "illegal" withdrawal, I challenge you to state the relevant laws that was broken. Did all that happen in one day? Were the Governors smoking weed when about a billion was withdrawn in November and another in December? Were they in Limbo when it was announced in January? Payment of subsidy claims isn't a secret deal...The Ministry of Finance, Petroleum and CBN have the documents. Buhari should ask the Permament Secretaries and CBN Gov. If your Governors are unsatisfied they should Go To Court

barcanista:
It won't be bad to brush your comprehension and understanding skills. I said the FAAC was pre-informed that the Government is to withdraw $2b in early Nov. The FAAC was also informed in Early december when about $1billion was withdrawn and again informed in early January after another $1billion was withdrawn. Did anyone tell you that the FAAC "approved"?. Nobody needed their "approval".

Jesusloveyou:
by d time NOI wil be throw into jail for stealing for gej, u wil be d one to be crying of witch hunting, beside op must be on weed when u were typing this trash. Clap for urself for this rubbish write-up with d aid of google. Firstly, from $6.5b to when saraki share d last $3b, so in 2011 how did d acc increase to $4b,and depleted again,by transfering d last $1b into swf acc, and in nov 2014 another $4b resurrected, share $2b in that nov, another $2b in dec according to you, in jan 2015 ECA was use to fund subsidy with d remaining bal of $2b,how did u arrive at $8b within 3months,because in nov $2b,dec $2b was share,jan 2015, another $2b for subsidy and as of today bal $2.1b that is total of $8b within 3months. so either u are contradicting google or google is contradicting you. My main concern is not in ur contradiction, but d point is that d acc bal was $10b according to osho, and with d increase in oil price according to osho, d ECA should be $30b in that acc, and osho also mention $20b in swf, no need to go into that of swf acc now.

adadadon:


How does this change the fact that Okonjo Iweala did not follow due process/Formal procedure or receive authorization while withdrawing the money to pay for subsidy ??
[b]Finance commissioners from the 36 states of the federation have denied granting approval for the withdrawal of $2 billion from the Excess Crude Account (ECA) as alleged the former minister of finance and coordinating minister of the economy, Dr Ngozi Okonjo-Iweala.
Okonjo-Iweala had last week said that the Federation Account Allocation Committee (FAAC) approved the withdrawal of $2 billion from the ECA.
However, the Forum of Commissioners of Finance, a body comprising finance commissioners from the 36 states who are members of the FAAC, in a statement yesterday, said it was unaware of such approval, adding that the FAAC does not have powers to grant such approval.

“We wish to state unequivocally that the FAAC does not have the authority to approve withdrawals from the ECA and therefore could not have approved the withdrawal of the sum of $2 billion from the Excess Crude (Foreign) Account. According to the law setting up the FAAC, which pre-dates the ECA, it cannot approve withdrawal and has not done so in the past. If anything the FAAC, as records of it meetings indicate, had often queried the activities on the ECA, and therefore did not decide any withdrawal,” the statement reads in part.

The commissioners stated that “indeed, the FAAC noted and observed accordingly the withdrawal from the ECA of a total sum of $2 billion in December.
“The then minister of finance and chairman of the FAAC when asked during the plenary of the FAAC meetings of the respective months explained that the former president gave approval for the withdrawals from the ECA to pay oil marketers subsidy claims as they had threaten to stop importing petroleum products. [size=32pt]According to her, he further explained that this action will be ratified by NECe]”b]
http://www.punchng.com/news/eca-faac-faults-okonjo-iweala-denies-approving-2bn-withdrawal/

anonimi:



What do you mean by monumental given the following factual evaluation of our corruption improvement over time




www.nairaland.com/attachments/2467944_obasanjotransparencyrating2004_jpegf577f3dadf99ddddb409ec370bb5548d





www.nairaland.com/attachments/2608719_transparencyintl_corruptionimprove2014_jpegd841e1e015b6b1cdf5ddd85e12d9bfb5





www.nairaland.com/attachments/2486128_gejourhero_jpeg1f6adb3de4b2a14e2917369752b3e176

barcanista:
Mycoli how you de? That one own na to de move from thread to thread de misyarn

The day I go see Joseph.1832 I go buy 3 bottles of beer for am. After him finish the beer, I go come break the bottles for him head . When I'm done, I go carry am go hospital for Daura for treatment and apologise thereafter.

MizMyColi:


No, I'm on a thread created by Barcanista.
Why are you concerned?

Mogidi:


Your hypocrisy didn't go unnoticed.

anonimi:


Are you not confusing yourself with the above

Mogidi:
@barcanista
I think your threads should be moved to pay per view, Seun would make a killing.

Sincere9gerian:
There was a time when the ECA was built up to 9 billion dollars by the Gej govt, around 2013. You didn't capture it in your article

keyzid:
I dey laugh in Swahili. Nigeria Governors don't know more than "Share it, share this, share that, share them" wetin sef" This was the share saga they were heating up till it was approved only to come back to accuse the past gov't of leaving an empty treasury! I hope they don't end up sharing the whole nation wealth. Selfish selfless mindless I.diots with no tangible and futile agenda to offer to the nation. Pres. Buhari, I hope you have seen sha you are into now. Share it ooo and share it all, all your propaganda act before you were elected are already coming down to hunt for you.
1. 5000naira/ month for Jobless youths
2. Free Lunch meal for primary schools.
3. $1=#1
4. Regulation of oil price.
5. Public declaration of asset.
6. Corruption fighting
7. End of BokoHaram terror reign with in 2months..... The list is just too endless.....
You made every Nigerian believe the past ADM doesn't even exist at all... Politicized the nation's development out of self gains...
I tell you, if PDP is a corrupt party, APC is no better... Rather, they are worst. Coz who you should fair the most is the green serpent under green grass. It's about time their real self started unveiling....

~IG@KHAYZEED.

Jesusloveyou:
by d time NOI wil be throw into jail for stealing for gej, u wil be d one to be crying of witch hunting, beside op must be on weed when u were typing this trash. Clap for urself for this rubbish write-up with d aid of google. Firstly, from $6.5b to when saraki share d last $3b, so in 2011 how did d acc increase to $4b,and depleted again,by transfering d last $1b into swf acc, and in nov 2014 another $4b resurrected, share $2b in that nov, another $2b in dec according to you, in jan 2015 ECA was use to fund subsidy with d remaining bal of $2b,how did u arrive at $8b within 3months,because in nov $2b,dec $2b was share,jan 2015, another $2b for subsidy and as of today bal $2.1b that is total of $8b within 3months. so either u are contradicting google or google is contradicting you. My main concern is not in ur contradiction, but d point is that d acc bal was $10b according to osho, and with d increase in oil price according to osho, d ECA should be $30b in that acc, and osho also mention $20b in swf, no need to go into that of swf acc now.

Truth234:
The analysis you did just show the level of misappropriation of past administration but before I get to that I have these questions how was Obasanjo administration able to saved $20 billion in ECA and yet all Yar'adua led Jonathan administration was doing is depletion of the ECA without replenishing?

Your analysis emphasized how the $6.5 billion ECA left by Yar'adua administration was shared you didn't mention how much was generated in revenue during GEJ administration, all you did was analysis how they shared what was left of Yar'adua administration. You said you will be objective and critical of the situation, please I will like to know why was GEJ administration sharing what was left of our ECA when oil price peaked above $100 for the first time?

joseph1832:
Nope am not. I just want to know the rainy day that prompted the FG to share the ECA during the era of Yar'Adua and GEJ. Is that too much to ask?.

Sincere9gerian:
There was a time when the ECA was built up to 9 billion dollars by the Gej govt, around 2013. You didn't capture it in your article

gensteejay:

I beg to disagree. During the Jonathan's dispensation, the agencies - EFCC and ICPC- charged to curtail corrupt practices in the nation, were reduced to toothless bulldogs; most charges, bordering on misappropriation of funds, against some politicians didn't see the light of the day. I don't know the criteria that were used to do that ranking, but I don't believe in its candor.