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2015 Budget: Reps Query Illegal N222b On Subsidy - Politics - Nairaland

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2015 Budget: Reps Query Illegal N222b On Subsidy by kahal29: 3:58am On Sep 23, 2015
Alarming revelations from the 2015 budget continued to unfold yesterday with Permanent Secretary of the Federal Ministry of Finance, Mrs. Anastasia Nwaobi disclosing that N221.1 billion not appropriated in the 2015 budget was spent on fuel subsidy between January and July.
But Nwaobi who spoke at the public hearing held by the House of Representatives Adhoc Committee on Non-implementation of Capital Expenditure was unable to explain to the committee how approval for such a huge extra-budgetary expenditure was secured.
Nevertheless, the Permanent Secretary who was again represented at the hearing by the Director of the Budget Office, Aliyu Gusau, stated that the sum was released as emergency expenditure.

“Nothing was approved or appropriated for (fuel subsidy) in 2015, but the actual for January to July was N222.1 billion,” she disclosed.
Obviously dissatisfied with the response as to who gave approval for the release of money not budgeted for, chairman of the committee, Aliyu Pategi (APC, Kwara State), stressed that such flagrant disregard of the Appropriation Act will not be condoned.
“Appropriation is an act and we insist on its implementation, we want to know where there are challenges but to spend money like N222.1 billion without recourse to the parliament is not acceptable to us,” he said.

Nwaobi again said the economy is not expected to out-perform the global growth rate of 3.3 percent. She stated that the significant drop in oil price affected the exchange rate negatively and in turn led to depreciation of the value of the Naira.
She said the Federal Government resorted to the adoption of stringent fiscal and monetary measures to ensure economic stability.
In his presentation, Deputy Governor, Central Bank of Nigeria (CBN), Mr. Sulaiman Barawu explained that the Ways and Means account as approved by law is contingency for the Federal Government to borrow from to fund its deficit up to five percent of the preceding year’s revenue. According to Nwaobi the Federal Government took a credit advance of N330.615 billion from CBN.

Giving an overview of the expectation of the committee when it reconvenes next Tuesday, Pategi stressed that the ministry, the CBN, the Debt Management Office and the Accountant General of the Federation must present a harmonised position with uniform figures, which will give the public the true picture of the performance of the budget. He asked that a joint report be sent to the clerk of the committee.
Pategi while insisting that the investigation is not a witch hunt, however, observed that the failure of the Permanent Secretary to appear at the public hearing for the third consecutive time, was an act of negligence. He vowed to include the snub by the Permanent Secretary in the committee’s report.

http://sunnewsonline.com/new/2015-budget-fg-blows-illegal-n222b-on-subsidy/

http://www.punchng.com/news/fuel-subsidy-reps-query-n222-1bn-extra-budgetary-spending/

1 Like 1 Share

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Pavore9: 4:00am On Sep 23, 2015
Hmm....Some will term asking questions on how N222.1 billion was spent without appropriation as witch hunting but will never recignize that it is witchcraft in action to misappropriate public funds! angry

26 Likes 1 Share

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Imortal001: 4:00am On Sep 23, 2015
Ok
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by espn(m): 4:06am On Sep 23, 2015
The last administration was a complete mess.. they actually run the country then like it's their personal business. Only an ethnic and religious bigot would deny this fact.

50 Likes 1 Share

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by IbokUtoroh(m): 4:08am On Sep 23, 2015
wetin consain me, so far bubu dont know d meaning of subsidy am okay with it. Quote me anywhere.

6 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by 48noble(m): 4:09am On Sep 23, 2015
All this amount of money ,no road, no electricity ,no water ,and petrol was sold #120/L ,hence, they forget God is watching...thunder wey go fire una don dey buy weed for Adamu shop...

13 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by AlPeter: 4:10am On Sep 23, 2015
222.1 Billion wasted and blown off just like that and me I dey find 100K since!!! AHHHHHHHHHHHHHHHH!!!!!

7 Likes 1 Share

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by ademega(m): 4:10am On Sep 23, 2015
this is seriously serious

God in actual fact love this country. if not Jonathan would have destroyed everything in his second term.

just thanking God for this

14 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by OpeDwarroir: 5:13am On Sep 23, 2015
Same story line. Nothing has really changed

1 Like

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Mishydoo(m): 5:55am On Sep 23, 2015
Whuz next on d Dock...?

2 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Sweetcollins: 6:13am On Sep 23, 2015
Ok...who cares if it is a witch-hunt
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Donaldofficial: 6:14am On Sep 23, 2015
hmmmm like bad
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Dcaliphate(m): 6:14am On Sep 23, 2015
kworrupshan!!! let me just catch za feefle who are responsivul por this nonsense, they will rot in kirikiri insha Allahu.

3 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by HungerBAD: 6:14am On Sep 23, 2015
Jonathannnnnnnnnnnnnnnnnnnnnnn.

This Otueke fisherman has a lot to answer. Hopefully, before the end of the year, he will be in Jail with Saraki. This man has a lot to answer, and Buhari should not let him go on this.

This Jonathan is 50 times worse than Abacha in looting.

19 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Balkan(m): 6:15am On Sep 23, 2015
But did all these happen within this Buhari government.
I have always known that Does not know the meaning of democracy.

He sees the national assembly members as bunch of fools. 222

I am still yet to see what Buhari plans are

2 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by kennyman2000(m): 6:15am On Sep 23, 2015
subsidy fraud again!! Nigeria is in for a long thing. Buhari doesnt know that this people have turned corruption to their birthrights, even their family rights..

Until we introduce ''CAPITAL PUNISHMENT'' Am afraid, Nigeria may never get it right..

Check my signature for ur customised wristband

2 Likes 2 Shares

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by DesChyko: 6:16am On Sep 23, 2015
Actual figures in the individual months?
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Moneyyy: 6:16am On Sep 23, 2015
.

4 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Nobody: 6:16am On Sep 23, 2015
When will apc stop campaigning for sympathies of gullible nigerians
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Warlord3000(m): 6:17am On Sep 23, 2015
Thank God for saving us... Can't imagine..

1 Like

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by DWJOBScom(m): 6:17am On Sep 23, 2015
Subsidy repeating itself!
I thought it was a PDP game of funding itself.....

2 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by RichDad1(m): 6:17am On Sep 23, 2015
I'm proud to be among the movement that sends GEJ out of Aso Rock.

9 Likes 1 Share

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by 10kgod(m): 6:18am On Sep 23, 2015
plot .................................


be expecting more,



but make dem tell aree aregbe make he pay workers their salary oooo.
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Nobody: 6:18am On Sep 23, 2015
Lawan and otedola comes to mind...they are both still free men...GEJ was a toothless bulldog
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by omenka(m): 6:19am On Sep 23, 2015
Alarming revelations from the 2015 budget continued to unfold yesterday with Permanent Secretary of the Federal Ministry of Finance, Mrs. Anastasia Nwaobi disclosing that N221.1 billion not appropriated in the 2015 budget was spent on fuel subsidy between January and July.
This, huge as it is, still looks like peanuts compaed to the size of Alibaba's loot in 2011.

I wonder why no one has bothered to ask the same question in the year of subsidy-gate. N380billion was budgeted but in the end, over 2trillionb was expended, [b]also[/b]without budgetary approval.

When you want to catch goats that devour the yams in this country, keep vigil over the gates of the barn in the months leading up to the general elections, perhaps 12months. That is when you see the biggest goats come out in style to do what they do best.

It would be a great thing of joy for me to see Jogogoro ducked and made to answer questions regarding the wanton perfidy and stealing witnessed in his administration.

12 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by modath(f): 6:19am On Sep 23, 2015
DWJOBScom:
Subsidy repeating itself!
I thought it was a PDP game of funding itself.....

Ebig22:
When will apc stop campaigning for sympathies of gullible nigerians

Wailers will always find a way to spin the story to favour the band of bandits..

Who was president between Jan-May again

16 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by RichDad1(m): 6:19am On Sep 23, 2015
DWJOBScom:
Subsidy repeating itself!

I thought it was a PDP game of funding itself.....
Yes you're right. The Budget was prepared by PDP goons.

3 Likes

Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by DJMCOTTY(m): 6:21am On Sep 23, 2015
Eheen! Una good morningyooo!
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by GodblessNig247(m): 6:23am On Sep 23, 2015
quarapshin will not be condoled in this administration. More revelations to be made. The fear of Buhari is the beginning of being transparent in using govt funds.
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by Yapati: 6:24am On Sep 23, 2015
Huuuu.....222.1b..GOD....
#onlyinnaija222.1b wil b spend wt out approval
Re: 2015 Budget: Reps Query Illegal N222b On Subsidy by suso(m): 6:25am On Sep 23, 2015
quering them jes because it didnt favour their pocket...

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