I was going through my Facebook timeline and ran into this video of President Muhammadu Buhari addressing Nigerians living in the United Kingdom after the supporting syria Conference in London, according to President Muhammadu Buhari, he claimed that during the former government NNPC had 40 bank accounts, Nigerian Army had over 70 accounts and CBN directors short-changing Nigeria through forex



Highlights
* NNPC had 40 bank accounts!
* Nigerian Army had over 70 accounts!
* 2.2 trillion recovered just because of TSA.
* CBN directors short-changing Nigeria through forex...

Link to the video: https://mobile.facebook.com/story.php?story_fbid=447754555431500&id=392729780933978

Nairalanders what's your take on this?

TSA: We realised N2.2trn in 3 months – Buhari


PRESIDENT Mu-hammadu Buhari has revealed that his administration has within three months saved N2.2 trillion for the nation through the enforcement of the Treasury Single Account, TSA. The president made the revelation in London during a meeting with Nigerians resident in the city on Thursday night. President Buhari who was in the United Kingdom for the Supporting Syria and the Region Conference in London, British capital was speaking of the problems bedevilling the oil and gas sector of the economy which he said were part of the challenges he inherited upon an assumption of office.


PRESIDENT MUHAMMADU BUHARI
According to him, the Nigerian National Petroleum Cooperation, NNPC had over 45 accounts scattered in different banks. The same situation, the president said, was also pervasive across the branches of the military. He said: “We are really in trouble. What we discovered was that we tried to enforce what we called treasury single account, TSA. And the reason was simple. This government did not initiate it. It was the previous government. But it was so unpopular to the bureaucracy and the previous government for its own reasons couldn’t enforce it. But when we came and found that we were broke, we said this is the way to do it. And I will just tell you two examples to convince you.

“First, NNPC, the cow that was giving the milk had more than 45 accounts, ministry of defense, that is the military Army, Navy and air force had over 70 accounts. Tell me which account we can trace in these several accounts. So we enforce TSA. We said there must be TSA. “By the end of December, coming to January this year, that is last month, we mopped up more than N2.2trn which we have used through the bureaucracy system to raise vouchers and sign cheques so that they don’t go into the next budget.”

Speaking further on the state of the economy, the president revealed that some Nigerians were behind the crisis. The president stated that most directors of the Central Bank of Nigeria, CBN owned and operated some of the Bureau De Change outfits through which they raked in the foreign exchanges. He said he was determined to stop the ill development and make every Nigerian accountable.

“We found out, when I say we, I mean present federal government, that some of the directors in the central bank own the bureau de change businesses. So when the foreign exchange comes, they take it and give government the change. So we stopped the Federal Government giving bureau de change foreign exchange. “Fellow country men and women, I am giving you a tip of the iceberg of the problem we inherited and we are getting so hard because we have no other way of running the country unless we make everybody accountable”, he said.

While underscoring the importance of education, president Buhari asked the audience to support his administration by educating their children for a better future. On giving diaspora Nigerians a chance to participate in elections, president Buhari said his government was studying the scenario, stressing that what was utmost was to make the process more credible. “We are critically looking at the system itself. We must make sure that the election process itself is credible”, he said.

http://www.vanguardngr.com/2016/02/tsa-we-realised-n2-2trn-in-3-months-buhari/

Can we ask the President a simple question.
'If 2.2trillion has truly been recovered under the TSA regime,how come we want to borrow 2.1trillion to fund the budget when this 'new income' isn't reflected in the budget?'
Something is not right somewhere

And why do we have to borrow money to fund budget again if we actually recovered 2 trillion from TSA

eyeview:
Can we ask the President a simple question.
'If 2.2trillion has truly been recovered under the TSA regime,how come we want to borrow 2.1trillion to fund the budget when this 'new income' isn't reflected in the budget?'
Something is not right somewhere

Buhari just informed the nation, that we may not need to borrow any money again, considered the amount of loots recover from your brothers.

Konpresor012:
I was going through my Facebook timeline and ran into this video of President Muhammadu Buhari addressing Nigerians living in the United Kingdom after the supporting syria Conference in London, according to President Muhammadu Buhari, he claimed that during the former government NNPC had 40 bank accounts, Nigerian Army had over 70 accounts and CBN directors short-changing Nigeria through forex



Highlights
* NNPC had 40 bank accounts!
* Nigerian Army had over 70 accounts!
* 2.2 trillion recovered just because of TSA.
* CBN directors short-changing Nigeria through forex...

Link to the video: https://mobile.facebook.com/story.php?story_fbid=447754555431500&id=392729780933978
Nairalanders what's your take on this?

sweet story

This is nice if true....

RALPHOW:


Buhari just informed the nation, that we may not need to borrow any money again, considered the amount of loots recover from your brothers.

My brothers? Which of my brothers?
And how can he be saying 'we are not borrowing' while his mnister of finance is educating us on why it is imperative that we borrow

Konpresor012:
I was going through my Facebook timeline and ran into this video of President Muhammadu Buhari addressing Nigerians living in the United Kingdom after the supporting syria Conference in London, according to President Muhammadu Buhari, he claimed that during the former government NNPC had 40 bank accounts, Nigerian Army had over 70 accounts and CBN directors short-changing Nigeria through forex
Highlights
* NNPC had 40 bank accounts!
* Nigerian Army had over 70 accounts!
* 2.2 trillion recovered just because of TSA.
* CBN directors short-changing Nigeria through forex...
Link to the video: https://mobile.facebook.com/story.php?story_fbid=447754555431500&id=392729780933978
Nairalanders what's your take on this?

Op, stop spreading falsehood, the money wasn't stolen in the first place. What he meant is that the mobey has been gathered together into a single account. Mind you, the money were scattered in various accounts hitherto but still belonged to the govt.

if true mind my word"if" because believing what comes out of the mouth of this APC is like believing that Oduduwa fell from the sky.Also they don't need to borrow for this year budget again as this has taken a large portion of the budget.

sunnyb0b0:


Op, stop spreading falsehood, the money wasn't stolen in the first place. What he meant is that the mobey has been gathered together into a single account. Mi d you, the money were scattered in various accounts hitherto but still belonged to the govt.

How I'm I spreading falsehood I highlighted the video base on what PMB said, and by the way, recovered and gathered has deferent definition.

And federal workers in ministry of health are been owed salaries since December 2015.

Konpresor012:


How I'm I spreading falsehood I highlighted the video base on what PMB said, and by the way, recovered and gathered has deferent definition.

He said they mopped up the said amount.

Has MTN paid their fine ?

Country without balls.

sunnyb0b0:


He said they mopped up the said amount.

Mopped and gathered still have different meanings, Channel TV reported it as recovered, between you and channel TV who is right who is wrong... Lol

Konpresor012:


Mopped and gathered still have different meanings, Channel TV reported it as recovered, between you and channel TV who is right who is wrong... Lol

Ok, l agree with you. The said sum was recovered from looters.

We will continue to recover all the money.

We shall get there,we may not even have to borrow again

eyeview:
Can we ask the President a simple question.
'If 2.2trillion has truly been recovered under the TSA regime,how come we want to borrow 2.1trillion to fund the budget when this 'new income' isn't reflected in the budget?'
Something is not right somewhere

Sense =

So, we shld spend everything without saving anything?

Loans will be serviced and they may not likely borrow as stated.

Toh

Amazing

So where exactly is the money
I wonder why you are yet to start paying the #5,000 stipend
So so talk talk

And they just deducted #50 from my January salary for stamp duty after we were told the tax won't affect salary accounts

May God bless GEJ for this TSA initiative!

eyeview:
Can we ask the President a simple question.
'If 2.2trillion has truly been recovered under the TSA regime,how come we want to borrow 2.1trillion to fund the budget when this 'new income' isn't reflected in the budget?'
Something is not right somewhere

OK

eyeview:
Can we ask the President a simple question.
'If 2.2trillion has truly been recovered under the TSA regime,how come we want to borrow 2.1trillion to fund the budget when this 'new income' isn't reflected in the budget?'
Something is not right somewhere

OK

Bubu has scored again ooo.....

E-wailers! Come and see oooooo



Bubu ti take-over

SLIDEwaxie:


Sense =

So, we shld spend everything without saving anything?

Loans will be serviced and they may not likely borrow as stated.

considering the fact that we didn't know the money existed we might as well spend it. Why keep it? So that it will vanish?

Buhari should imagine if he extended his probe to the past 2 administrations how much he will recover

Ok, let dem put it to good use