legendte:
Arrest go soon start

Sibrah:
To do what jonathan did with the debt he left us . . .



Please tell me, Was there no Abacha loot when Jonathan was busy borrowing? Keep the hate going pls . . .




I thought some persons claimed the SE was excluded from the projects the loan was being prepared for. If the details of the loan isn't known, how did the SE conclude that the projects doesn't include them?
Maybe the govt should prepare a Bill of Quantity (BoQ) detailing things like cements, nail, gravel and labour for the wailing senate.

ehissi:


Any given day, I'd rather be called ignorant - asking simple questions is the cure - than talk issues like a paid zombie (for which there is no clear cure).

The link you shows only proves what I have always said but zombies no dey gree make I hia word. That the government has allegedly "recovered" huge sums of cash/assets returned by looters who are begging for mercy not to go to jail.

I ask a simple question, will a man seek to return criminal proceeds wilfully in the absence of a plea deal?? Abi EFCC and DSS don dey use jazz dey interrogate people??

They say Obanikoro wants to return cash, at the same time Obanikoro will go jail. Except the cash was seized, wilful return point to a deal of some sort which usually involves getting a lighter sentence or avoiding jail time altogether.

Anyway, back to the topic, I guess I read a lot better than you do.

Infact, I read so much better, that I don't need a soothe sayer to tell me that it will be a criminal offence for the house to approve such a loan.

I also know that blanket approval for loans without a supporting document is tantamount to fraud.

Asking approval for a loan for expenditure under a budget (2018) that is not even set before the National assembly for debate is unheard of except under the "incorruptible" administration of Buhari with Lai Mohammed as information minister.

Its like you asking a bank to offer you a loan for a project you want to do in 2019 but you want the approval now and you have no copy of the documents itemizing the details of such project.

You are nothing but a fraud, a thief to make such a request from a bank, not to talk of placing such demand on the National assembly and for you to even be discussing that "borrowing for 2016-2018" crap is proof that the tissue paper I want to use to clean my bum bum after I drop this phone is far more profitable and valuable than the certificate(s) you may have acquired from whatever education you may have acquired that makes you feel qualified to just make mentions any moniker you see on Nairaland and call them ignorant..............

Lilimax:
@ Sibrah: Why do you bent on defending this administration that have failed the masses thereby making yourself sound stupid so to say. (No offense meant). To me this adminitration have no direction of where they are going....

tiwiex:


I appreciate ur response. However, fa fa fa. Fowl. So Buharis plan was to borrow money to fund budgets? No plan to maintain or increase revenues. He spent a whole year screaming crocodile smile and messing up economic stability. Now he wants to borrow 29b. I hope into the entire history of Nigeria, we have not borrowed a total of that. That is from independence. Please all this explanation can't work. He has started making peace with Niger Delta. Let him make d best of what we have internally first. So far he has been found wanting. This government struggled to prepare our budget. They are not mature to manage a loan. PMB needs to learn how to manage pur diversity. He has failed woefully. A loan is a lazy approach to his leadership.

AllTheWayUp:



[size=13pt]
Reality setting in now. Senate told Buhari no borrowing . Go and use the recovered loot, if the recovered loot is not enough, recover more, if you need any law to help spend the recovered loot, like you already using the recovered buildings, send the Bill to National Assembly, and we will approve it effective immediately.
Hahaha, why borrow $29.9bn when Diezani returned $90bn?[/size]


Only zombies will keep on falling for Buhari and his cabals lies and propaganda,

By tommorrow the Cabals will use EFCC and DSS to commence arrest of Prominent citizens and use it to distract Nigerians on the LOAN issue. That is how the Cabals operate,they use fake arrest without conviction to distract Nigerians from the lingering issues affecting the Nigeria Economy.

Sibrah:
What has been recovered is different from recovered loots that has been cleared for spending . . . . Did you know this before making you statement?

lielbree:
Thank God for the Senate!

God punish the mallam daura cartel

Justiyke4u:
How can one proposes mortgaging his country and expect everybody to accept it without any explanation

AllTheWayUp:



[size=13pt]
Reality setting in now. Senate told Buhari no borrowing . Go and use the recovered loot, if the recovered loot is not enough, recover more, if you need any law to help spend the recovered loot, like you already using the recovered buildings, send the Bill to National Assembly, and we will approve it effective immediately.
Hahaha, why borrow $29.9bn when Diezani returned $90bn?[/size]


Only zombies will keep on falling for Buhari and his cabals lies and propaganda,

By tommorrow the Cabals will use EFCC and DSS to commence arrest of Prominent citizens and use it to distract Nigerians on the LOAN issue. That is how the Cabals operate,they use fake arrest without conviction to distract Nigerians from the lingering issues affecting the Nigeria Economy.

AllTheWayUp:



[size=13pt]
Reality setting in now. Senate told Buhari no borrowing . Go and use the recovered loot, if the recovered loot is not enough, recover more, if you need any law to help spend the recovered loot, like you already using the recovered buildings, send the Bill to National Assembly, and we will approve it effective immediately.
Hahaha, why borrow $29.9bn when Diezani returned $90bn?[/size]


Only zombies will keep on falling for Buhari and his cabals lies and propaganda,

By tommorrow the Cabals will use EFCC and DSS to commence arrest of Prominent citizens and use it to distract Nigerians on the LOAN issue. That is how the Cabals operate,they use fake arrest without conviction to distract Nigerians from the lingering issues affecting the Nigeria Economy.

obailala:
You seem to be forgetting very quickly and diverting away from our discussion. I did not justtify or defend the presentation of a loan proposal without evidence; so stop trying to act all smart and sanctimonious by explaining what i already know to me.

Our discussion was simply on the value of recovered loot, go back and read my comment again. You claimed the govt already had N3.6trn but still wanted to borrow; I simply pointed out that the N3.6trn is still under litigation and cant be touched by govt. I also corrected the figures you quoted on the 2016 budget 79% implementation. Thirdly, you asked why the government needed $30bn to fund budget when 2016 was already finished, i simply pointed out to you that the proposed loan is for 2016-2018. Try and be focused on our discussion.

ehissi:
This is my analysis from a previous thread

The current Budget is #6.07trillion, you say you have a deficit of #2.2trillion - meaning, you have no idea how or you do not have the means to generate #2.2trillion.

Then you send a request to borrow $29.9billion - which is #9.06trillion at official rate Ooh, parallel market rate is over #14trillion - meanwhile there is no clear economic blueprint available to describe in detail how the cash will be utilised to get us out of this economic turbulance and you are expecting sane human beings to approve such foolishness......

If all you are looking for is #2.2trillion why borrow #9.06trillion?? After all, you told the world that you have recovered #3.64trillion from looters, what are you looking for loan for?

Meanwhile, his mumu minister of communications is asking for $550million to put a Satellite - abi na flash-drive - in Space for data storage.

In my own opinion, Its this type of wastages, that they want to use to pay gbese for 2015 elections and recent elections in edo as well as upcoming elctions in ondo that they want to use a significant portion of that money for. And I am happy it wasn't approved.

Except it is a lie, they should use the #3.64triilion recovered to fund budgetary deficit.......

I am not even talking about the monies that they claimed to have allegedly saved in billions from removing subsidy and from TSA and other things that Lai Mohammed, Amaechi and Vice President "Osunbade" have been presenting as facts to the media.

Does anyone even realise that the $29.9billion is even higher than our foreign reserves??

Nonsense and Ingredient..........


Plus!! The story on ground is that 2016 budget has hit 79% implementation. That #4.79trillion.

So what we need for 2016 is about #1.27trillion. Why borrow #9.06trillion??

The numbers don't add up. Buhari is hiding something. And why hasn't the auditor -general of the federation been appointed??

These people want to do abracadabra again Ooooo:!!

ehissi:


Lol....


Uh Ooh!! Its now you want a discussion!

Mr (abi na Mrs) "well read, I don't do conversations with ignorant people"...

You now want a discussion/conversation, why the sudden change of heart??

Because name calling and insults is no longer effective to making your points or you just discovered how unintelligent it was to bring up the 2016-2018 defence?? Which one??

I must say that I am well amused by your sudden change of heart. Even the most ardent of Buhari/Kemi Adeosun fans for done run commot for this thread by now...

No be small focused discussion............

obailala:

1. N3.64tr has been seized from people under investigation but that does not mean N3.64tr is disposable income available to the govt to spend especially when the cases are all still in court. And of course, before those protracted court cases come to an end (for the money to be available), the nation still needs to move forward. Meanwhile the official statement on the funds recovered was clear on this, actual cash recovered is less than N150bn total. We must learn to read beyond catchy headlines and read the true contents of reports, else we end up confusing ourselves. http://www.thisdaylive.com/index.php/2016/06/05/keeping-his-promise-buhari-announces-recovery-of-n3-4-trillion-in-one-year/

2. Once again, it's important that you read beyond the 'sweet' but misleading title of any report you come across. 79% was on a pro rata basis for the first 3 quarters of the year, so it's actually N3.6tr spent, not N4.79tr. Not that it matters though.

3. Finally, the planned borrowing isn't for 2016 budget, its for 2016 to 2018, the intention is to secure the loans early enough to prevent the same mess (delays) of 2016 reoccurring..

obailala:
I sent you a link to read but you obviously ignored it. Also, for you not to be aware that the planned borrowing is for 2016-2018, this is another evidence that you have refused to read. Apparently you are either incapable of reading or comprehending, or you just prefer being ignorant for the fun of it. Whatever the case, there is no point conversing further with someone who has chosen to be ignorant.

obailala:
You seem to be forgetting very quickly and diverting away from our discussion. I did not justtify or defend the presentation of a loan proposal without evidence; so stop trying to act all smart and sanctimonious by explaining what i already know to me.

Our discussion was simply on the value of recovered loot, go back and read my comment again. You claimed the govt already had N3.6trn but still wanted to borrow; I simply pointed out that the N3.6trn is still under litigation and cant be touched by govt. I also corrected the figures you quoted on the 2016 budget 79% implementation. Thirdly, you asked why the government needed $30bn to fund budget when 2016 was already finished, i simply pointed out to you that the proposed loan is for 2016-2018. Try and be focused on our discussion.

Sibrah:
Was there no "next generation" when Jonathan was borrowing with high oil prices?



You have a point man . . . But then Buhari is still a far better option to the agbada-men in power today.


Same People who know that conviction takes place in court but don't seem to know that returned loot has to be cleared in court.

ehissi:
This is my analysis from a previous thread

The current Budget is #6.07trillion, you say you have a deficit of #2.2trillion - meaning, you have no idea how or you do not have the means to generate #2.2trillion.

Then you send a request to borrow $29.9billion - which is #9.06trillion at official rate Ooh, parallel market rate is over #14trillion - meanwhile there is no clear economic blueprint available to describe in detail how the cash will be utilised to get us out of this economic turbulance and you are expecting sane human beings to approve such foolishness......

If all you are looking for is #2.2trillion why borrow #9.06trillion?? After all, you told the world that you have recovered #3.64trillion from looters, what are you looking for loan for?

Meanwhile, his mumu minister of communications is asking for $550million to put a Satellite - abi na flash-drive - in Space for data storage.

In my own opinion, Its this type of wastages, that they want to use to pay gbese for 2015 elections and recent elections in edo as well as upcoming elctions in ondo that they want to use a significant portion of that money for. And I am happy it wasn't approved.

Except it is a lie, they should use the #3.64triilion recovered to fund budgetary deficit.......

I am not even talking about the monies that they claimed to have allegedly saved in billions from removing subsidy and from TSA and other things that Lai Mohammed, Amaechi and Vice President "Osunbade" have been presenting as facts to the media.

Does anyone even realise that the $29.9billion is even higher than our foreign reserves??

Nonsense and Ingredient..........


Plus!! The story on ground is that 2016 budget has hit 79% implementation. That #4.79trillion.

So what we need for 2016 is about #1.27trillion. Why borrow #9.06trillion??

The numbers don't add up. Buhari is hiding something. And why hasn't the auditor -general of the federation been appointed??

These people want to do abracadabra again Ooooo:!!

AllTheWayUp:



[size=13pt]
Reality setting in now. Senate told Buhari no borrowing . Go and use the recovered loot, if the recovered loot is not enough, recover more, if you need any law to help spend the recovered loot, like you already using the recovered buildings, send the Bill to National Assembly, and we will approve it effective immediately.
Hahaha, why borrow $29.9bn when Diezani returned $90bn?[/size]


Only zombies will keep on falling for Buhari and his cabals lies and propaganda,

By tommorrow the Cabals will use EFCC and DSS to commence arrest of Prominent citizens and use it to distract Nigerians on the LOAN issue. That is how the Cabals operate,they use fake arrest without conviction to distract Nigerians from the lingering issues affecting the Nigeria Economy.

jpphilips:


An analysis like this can only come from someone who doesn't understand what a budget means or someone who is stvpid by default.
I wanted to help your enlightenment misery till I realised you have over 100likes from ostensibly your fellow m0rons.

It seems lately that this site is an assortment of mentally challenged individuals.

How did you pass basic economics with a brain like this?

ehissi:


Heeeey!!!

Na waaaaoooh!! obailala colleague don come!!

Associate Professor - abi na Reader na e UNILAG dey call dem - don come again.

So na the likes na e you dey Jealous ba??

Bikonu my people in the "likes" department, continu to do the needful.

No be FTC again be the koko again Ooh; na likes na e make me moving target for die hard APC fans.

For your mind, you have quickly gone to check the dictionary meaning of stvpid and were impressed; that why you quickly release one kawai.......

You whey sabi budget and budgetary process explain to us, that have never had the pleasure of an academic education.

Somebody will bring fragments - only proposed infrastructural projects that hasn't even been debated/reviewed/approved - of a budget (2018) not in debate or in review before the National assembly and want to use it as a basis for the biggest loan the country has ever sought in the history of its existence - the loan is even bigger than our foreign reserves - and for you whey go "school" e make sense.

Please, take me to the cleaners on this.

Shebi, you will first draft budget, Present it for approval - of which both the means of achieving the capital to sponsor such a budget will be discussed along the way whether through duties/taxes, project revenue or the instrument of debt.

Instead, we have a President who instructed that approval be sought for a massive loan for only infrastructural projects in a budget (2018 budget) that is not even before the Senate for review not to talk of approval............................

Another Abracadabra fan!! Dia ris God Ooooh!!!

APC die hard fans and Abracadabra are like...........abeg make una help me with that Zuma picture.....

obailala:



Just incase you are lost, I would remind you of where this exchange started from, here's my 1st post to you where I highlighted my 3 simple points:


Below is my 2nd post to you reiterating my previous point and expressing my dismay at your childish/unserious response:


And here's my 3rd and last post to you urging you to quit jumping about and drifting away from the point:


Now judging from the above reminder, are you sure you are sound enough to read and comprehend?

Can you kindly explain what you just wrote up there about me 'changing my heart'?... cos from our conversation, you are the only one who kept drifting away (probably for a lack of any meaningful response)... Or do you confuse me with someone else?

I'm actually compelled at this time to wonder how old you are.

jpphilips:


An analysis like this can only come from someone who doesn't understand what a budget means or someone who is stvpid by default.
I wanted to help your enlightenment misery till I realised you have over 100likes from ostensibly your fellow m0rons.

It seems lately that this site is an assortment of mentally challenged individuals.

How did you pass basic economics with a brain like this?

Sibrah:
Was there no "next generation" when Jonathan was borrowing with high oil prices?



You have a point man . . . But then Buhari is still a far better option to the agbada-men in power today.


Same People who know that conviction takes place in court but don't seem to know that returned loot has to be cleared in court.

Sibrah:
This Admin didn't fail anyone one, ignorance is what is tormenting you guys. Do you start a business with zero capital and debt. How is the govt suppose to make more money if it doesn't do IGR boosting project with funds in the first place. The govt isn't there to inject fund into the system directly. It is there to give you and I a smooth and fair ride through societal reforms and building.

Sibrah:
lol . . . See blazing. You just tied that dude inside a tank of petrol and lit it with a bazooka.

bikefab:
Buhari is looking for acheivements that will come easy. Just borrow $30bn, tarr roads, build bridges and railways, Take credit for all the infrastructures he'll build on loans which succesive govt of 3 generations might not be able to pay back. Then pack his loads and leave aso rock by 2019. People r wicked o.

A loan is the only way out of the current recession and hunger, there are no two ways about it, except a miracle happens and oil prices jump back above $100, but we all know that ain't going to happen.