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Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement (32136 Views)

Why Northern Leaders Worked Against Jonathan’s Govt – Paul Unongo / Arms Scandal: Jonathan’s Govt Spent Billions, Abused Trust – Buhari / Senate Begins Probe Of Obasanjo, Yar'adua, Others Over Funds Mismanagement (2) (3) (4)

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Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by BabaO2: 8:48am On Sep 02, 2015
BeeBeeOoh:
This man is nothing but An Appointment Beggar Personee.. But, in fullness of time, APC won't give him any appointment
Is either you are the most foolish of all fools or ethnic bigot to know this:

He said, “Our culture of impunity is the bane of the entrenched corruption in our society. The value destruction and corruption undermine any economic development or social change we may aspire for our nation.

“Mismanagement and misallocation of resources, coupled with an unprecedented level of corruption have been at their highest in the history of our nation in the last six years.
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by lekikosky(m): 8:50am On Sep 02, 2015
I can vouch that Remi is not looking for appointment. He started having problem with Jonathan when he raised alarm on the Insolvency of NNPC and have issues with the then Omiwon, the NNPC GMD. He comained openly and was susequently moved to Special duties just to frustrate him. I know him well he may have some other short comings but he never pretent about the corruption and the mess in NNPC.

1 Like

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by magzey: 8:50am On Sep 02, 2015
True talk but wetin concern me pls leave me I got work to do jooooooo!!!!

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by precious1967(m): 8:51am On Sep 02, 2015
d man should go and sit down.
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by darazonian(m): 8:54am On Sep 02, 2015
Help me ask him is that all he have to say? Why he didn't talk it then when oga jonathan (sugaban kasa) was in power? So now he got his own share from the national cake, couple with the fact that power has change gear so he deem it right to exposes other people's atrocities. God is watching you.
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Nobody: 9:00am On Sep 02, 2015
but you stole as well abi
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by kraftykc(m): 9:07am On Sep 02, 2015
I'm all for the great idea this man proposed. Do not give money to States without assessing the manner with which the States utilized it and most importantly it's the suggestion that the ICAN assess and give recommendations BEFORE any rescue funds are disbursed, that excites me. A professional body like ICAN can do us a world of good if properly heeded and tempered.
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Themandator: 9:15am On Sep 02, 2015
This will soon be found to be lies
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by dictbennie(m): 9:19am On Sep 02, 2015
2007-2010? Who was the president? Them don start again ooooo.....their lies know no bound..even the devil would marvel with the ways stories keep on coming up..

2 Likes

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by kingdavis: 9:20am On Sep 02, 2015
searching4love:
undecided

I DONT KNOW WHY THE IGBOS WANT TO KILL THEMSELVES OVER BUHARI'S APPOINTMENT. THIS MAN PROMISED CHANGE AND IF IGNORING FEDERAL CHARACTER IN THE APPOINTMENTS DOESN'T EQUATE TO CHANGE FROM OLD WAY OF DOING THINGS THEN WHAT IS CHANGE Y'ALL SHOULD KEEP CRYING AND WEEPING. WE THE YORUBAS INVESTED SO MUCH IN HIS PRESIDENCY BUT WE ARE NOT SCREAMING MARGINALIZATION. IF HE LIKES, LET HIM APPOINT CAMEROONIANS IN ALL POSITION WHAT MATTERS IS THE FULFILMENT OF CAMPAIGN PROMISES AND AN ENABLING ENVIROMENT FOR EVERYONE TO THRIVE. YOU IGBOS VOTED FOR GEJ IN MASS AND YOU ALL SHOULD EXPECT NOTHING IN RETURN. Y'ALL ARE A CONFUSED BUNCH. TODAY U WANT Biafra, THE NEXT DAY U SCREAM MARGINALIZATION FROM THE SAID ZOO AS PROCLAIMED BY YOUR SUICIDE MISSION LEADER NNAMDI KANU. BUHARI CAN CHOOSE 100% NORTHERNERS. NOBODY CARES undecided
. Serching. For. Love.from. What. U. Said. Above. .it. Shows. That. Ur also. Searching. For. Brain. Fool

4 Likes

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Cornerstone001: 9:21am On Sep 02, 2015
shocked cool
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Otunbatrafford: 9:22am On Sep 02, 2015
It's no longer news that Jonathan's Government was the most corrupt government in the History of Nigeria. The only thing I'm prepared to listen to is how much have recovered so far from Jonathan and his gang of looters.

1 Like

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by dannewlife(m): 9:25am On Sep 02, 2015
Why did it take you so long to make the announcement. You are apolitical prostitute ! We know your type.

2 Likes 1 Share

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by IbokUtoroh(m): 9:32am On Sep 02, 2015
efilefun:
Its no news that the previous administration dined and lived in corruption.... Imagine some hungry dudes ranting like goats on here trying to support a government that even its umbrella cant cover all the atrocities it committed.
but he chaired d financial allocation committee from 2007-2010 that was during yaradua's tenure, i also read thru the rubbish he said didnt see where he turned down or resigned from gej's cabinet. So please can u pinpoint exactly where d foolish yerobber saidhe resigned from gej's cabinet?

2 Likes 1 Share

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by ravgach: 9:32am On Sep 02, 2015
searching4love:
undecided

I DONT KNOW WHY THE IGBOS WANT TO KILL THEMSELVES OVER BUHARI'S APPOINTMENT. THIS MAN PROMISED CHANGE AND IF IGNORING FEDERAL CHARACTER IN THE APPOINTMENTS DOESN'T EQUATE TO CHANGE FROM OLD WAY OF DOING THINGS THEN WHAT IS CHANGE Y'ALL SHOULD KEEP CRYING AND WEEPING. WE THE YORUBAS INVESTED SO MUCH IN HIS PRESIDENCY BUT WE ARE NOT SCREAMING MARGINALIZATION. IF HE LIKES, LET HIM APPOINT CAMEROONIANS IN ALL POSITION WHAT MATTERS IS THE FULFILMENT OF CAMPAIGN PROMISES AND AN ENABLING ENVIROMENT FOR EVERYONE TO THRIVE. YOU IGBOS VOTED FOR GEJ IN MASS AND YOU ALL SHOULD EXPECT NOTHING IN RETURN. Y'ALL ARE A CONFUSED BUNCH. TODAY U WANT Biafra, THE NEXT DAY U SCREAM MARGINALIZATION FROM THE SAID ZOO AS PROCLAIMED BY YOUR SUICIDE MISSION LEADER NNAMDI KANU. BUHARI CAN CHOOSE 100% NORTHERNERS. NOBODY CARES undecided

Selfishness personalized! Deceit in human skin.

4 Likes

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by bilulu(m): 9:35am On Sep 02, 2015
dat man is a lying liar...... he is synonymous to lair Mohammed cuz he didn't live dat administration rather he was sack for incompetence n misconduct

1 Like

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by eeewise(m): 9:35am On Sep 02, 2015
2007 to 2010 who was the president? Yaradua! Goodluck resumed may 5th 2010. Remi babalola resigned sep 2010.he served fr just 4months.and resigned on health grounds officially! And besides he had issues with the fec for reckless statements.wat a coward! He just found his voice!

1 Like

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by persius555(m): 9:39am On Sep 02, 2015
BeeBeeOoh:
This man is nothing but An Appointment Beggar Personee.. But, in fullness of time, APC won't give him any appointment
And immediately, you are quick to politicise an issue of national concern. This is the bane of our retrogression in this country. Cant nigerians observe a line between economic issues and politics. Always quick to politice every matter.

1 Like

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Ajgal10(f): 9:39am On Sep 02, 2015
dayo23:
Well that one no concern me, all i know is:
BUHARI TILL»»»»»»»» 2023
Buhari will Rule your Village till 2023...Because by 2019 i see a Young Nigerian Being Nigerias President Not Great Grandpa's.

1 Like

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by IbokUtoroh(m): 9:41am On Sep 02, 2015
Winning123:

Please think before you post anything on this forum.
read before u comment.
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by IbokUtoroh(m): 9:43am On Sep 02, 2015
mildflame:
Una see wetin BODY LANGUAGE de do
u say wetin?
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by IbokUtoroh(m): 9:43am On Sep 02, 2015
mildflame:
Una see wetin BODY LANGUAGE de do
u say wetin? Body odour abi,.......
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Splashme: 9:45am On Sep 02, 2015
[size=13pt]Remi Babalola was a
Yar'Adua minister not Jonathan's
[/size]
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by harry509: 9:45am On Sep 02, 2015
efilefun:
A former Minister of State for Finance, Mr. Remi Babalola, on Tuesday explained why he left the cabinet of former President Goodluck Jonathan.

Babalola, in a paper presented at the 45th Annual Accountants Conference and 50th Anniversary celebration of the Institute of Chartered Accountants of Nigeria described the lack of transparency in the oil sector under Jonathan as alarming.

Babalola, who chaired the Federation Account Allocation Committee between 2007 and 2010, said he left the previous administration owing to mismanagement of the nation’s resources.

In his paper titled “Achieving the Nigeria of Our Dream: The Responsibility of Professional Accountants,” he urged the administration of President Muhammadu Buhari to confront the endemic corruption whole-heartedly in order to resolve the country’s mal-functionality.

He said, “Our culture of impunity is the bane of the entrenched corruption in our society. The value destruction and corruption undermine any economic development or social change we may aspire for our nation.

“Mismanagement and misallocation of resources, coupled with an unprecedented level of corruption have been at their highest in the history of our nation in the last six years.

“Performance or success in public space was measured by the conversion rate of public funds into private accounts. It looks as if democracy has been substituted with kleptocracy.”

He recalled, drawing the attention of the nation to the parlous state of the Nigeria National Petroluem Corporation’s accounts five years ago, adding that many sympathisers feared for his life as it amounted to what he described as “stepping on a snake”.

He said, “I was unperturbed and unruffled but ready and willing to take a walk as a statement of intent that if they wanted to continue in that decadence of resource mismanagement, I was not going to be a part of it.”

The former minister decried the absence of transparency in the oil sector and the NNPC, regretting that the corporation’s core competence had been reduced to importing refined products and paying subsidies to bogus companies.

He wondered why it was difficult for the NNPC to compete with the likes of PETROBRAS of Brazil and PETRONAS of Malaysia.

“It is counter intuitive that we deliberately ensure that receipts and proceeds into the nation’s treasury are not accounted for.

“Such has been our contempt for process transparency that an incumbent governor of an operationally and legally independent central bank, who publicly alerted the nation, was forced out of a fixed tenure.

“Of course given its systemic importance to the economy, there is no justification for the state-owned oil sector monopoly (the NNPC) not to publicly publish its audited accounts and even quarterly accounts like all listed companies on the stock exchange,” he said.

Babalola, who is a Fellow of the Institute of Chartered Accountants of Nigeria, recommended public asset declaration for every principal officer in the executive arm of government from the president to the ministers, permanent secretaries, director-generals, and heads of parastatals and agencies.

The public asset declaration, according to him, had become necessary to curb the alarming rate of corruption in the country.

He also urged the Federal Government to ensure that the NNPC published its audited accounts quarterly like all listed companies on the Nigerian Stock Exchange.

On the Federal Government’s bailout programmes for the states, the former finance minister advised that it should be done in line with Section 41 of the Fiscal Responsibility Act.

“As good a gesture as the bailout is, it may lead to moral hazard as the states continue with financial recklessness leading to financial insolvency. Why are we borrowing to pay salaries in stark violation of Section 41 of the Fiscal Responsibility Act?” he queried.

He added, “Rescuing the states is a necessary gesture but how and on what terms? Each state should have been treated as an entity with peculiar conditionalities.

“A body like ICAN and other professional bodies should have been brought in as independent platform to assess and recommend terms and conditions for each state just like the situation in Greece.”
Babalola called for a higher level of advocacy in financial prudence and disclosure by professional accountants.

He charged professional accountants to display discipline, knowledge, ethics and integrity at all times.

“As professionals, we should be able to establish causal relationships in observed phenomena.

“The highlighted causes of the financial crisis and corporate governance scandals cannot but be traced directly or indirectly to professional accountants and financial reporting.”



http://saharareporters.com/2015/09/01/i-left-jonathan’s-govt-because-financial-mismanagement-–-ex-minister
jonathan govt is d major problm nigeria is facing 2day. Mis-management of funds, now no money in nigeria. All d money has been hijack by jonathan govt n his cabinet's.
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by homirefacuny(m): 9:47am On Sep 02, 2015
braine:
I don't want to hear about that Jonathan anymore jare. His name brings one kind of bad feeling. angry

Outright bad feeling.
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Akon419(m): 9:50am On Sep 02, 2015
Why don't u show us your resignation letter then. Even people who GEJ relieve of their duty because of incompetence are now claiming saint. ex minister of agriculture is he not part of that old administration? F00l

1 Like

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Gentlemedi(m): 9:57am On Sep 02, 2015
Just tell APC you need Appointment.

2 Likes

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by tuniski: 10:27am On Sep 02, 2015
BeeBeeOoh:
This man is nothing but An Appointment Beggar Personee.. But, in fullness of time, APC won't give him any appointment
every tom,dick, oshio and babalola talking. 2007 to 2010 was effective Yar Adua's time. Anyway, still PDP. This APC and its goons should start work and stop this whining as ruling party. Buhari already overwhelmed. God help us.

2 Likes 1 Share

Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Appareil(m): 10:29am On Sep 02, 2015
BeeBeeOoh:
This man is nothing but An Appointment Beggar Personee.. But, in fullness of time, APC won't give him any appointment
SO TRUE! Shame.
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by mildflame: 10:32am On Sep 02, 2015
IbokUtoroh:

u say wetin?
Body odour abi,.......
When u decide to run away from ur medication why u no go de talk like PSYCHO. Abeg come for ur drug before u start to parade NAKED around d country
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by mildflame: 10:33am On Sep 02, 2015
Re: Remi Babalola: I Left Jonathan’s Govt Because Of Financial Mismanagement by Sharkson777: 10:42am On Sep 02, 2015
Go and sleep with ur chicken brain! PMB has more qualified ppl in mind so no think say u feet trick am wit this stupid talk.

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