Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, yesterday disowned N2 billion in the budget of his ministry, saying it was inserted by the Ministry of Finance.

Fashola stated this during budget defence before the Senate Committee on Lands, Housing and Urban Development.

Committee chairman, Senator Barnabas Gemade (APC, Benue) had queried the provision of N2 billion in the budget of Housing Ministry for “Regional Housing Scheme.” The project is tagged FMOWP99934089.

Gemade asked: “What is this provision of N2billion for? What is regional housing scheme? Where is it taking place? What is happening? Have you seen it on Page 18?”

Responding, Fashola said: “It is not our project... It is a Ministry of Finance initiative. They are saying that they want to do what they called ... It is not from us.”

In his reaction, Gemade said: “But you are here to defend this budget in totality.

Fashola then said: “That is what has come. I am explaining to you now, sir, on how it comes into our budget. That is not what we submitted. We didn’t submit that proposal.”

It was at this point that Gemade said they would invite the Minister of Finance, Mrs Kemi Adeosun to explain how the money got into the budget.

The committee also expressed reservations about the Internally Generated Revenue (IGR) of the Ministry and asked the minister to “brace up.”

Billions solid minerals revenues not declared - Minister

At another session minister of Solid Minerals, Kayode Fayemi said billions of naira generated from the solid minerals sector had not been declared over the years.

Fayemi who appeared before the House of Representatives committee on solid minerals for 2017 budget defence said the development had negatively affected government revenues.

“Clearly, there has been non-declaration and under reporting of revenues in the solid minerals sector. That’s why we decided to engage consultants working in partnership with state governments to sure-up revenue accruable to the country.

“The declared revenue of N2.8bn is inadequate reflection of what goes on in the mining sector. I should also add that we generate more than N2.8bn. This money mostly came from royalty, and if you look at the Dangotes, CGCs and other construction outfits, royalties from them should run into hundreds of billions and not N2bn,” he said.

He said the ministry had been remitting its internally generated revenue to government coffers via the Treasury Single Account (TSA), adding that they do not retain any amount at the ministry as they have their budgetary allocation.

He said as part of efforts to boost the solid minerals sector, the sum of N30 billion was approved under the Natural Resources Grant, pointing out that investments in the sector take time before yielding results.

Read more at http://www.dailytrust.com.ng/news/general/fashola-disowns-n2bn-in-ministry-s-budget/185226.html#VDJoePtopHhFMySF.99


[Sorry, had to change source from Punch to Dailytrust due to the former's copyright statement]

Nigeria sef! One day, one story.

We have some of the most haardened and recalcitrant criminals around the worlld in Nigeria!

Tufiakwa!

Lol this country will never be better, criminals everywhere. Imagine a whole 2bn naira

omenkaLives:
We have some of the most haardened and recalcitrant criminals around the worlld in Nigeria!

Tufiakwa!

I can bet with cash i haven't made that it is the work of dem legislooters... Senate/house committee on bla bla bla won't carry last in dis criminal venture...

Happy belated val... Wey my flower & sugar?



*Addendum*

All you errors of conception quoting & calling your generation names are ignorant, so you are forgiven...

You ninnies ought to wait for Kemi Adeosun & senate committee on finance to have her defence before giving your leprous fingers free rein!!

The corruption in this government is why we are in recession.


Only idiots and fools still believe in this government

Another padding saga is bout to start.

modath:



I can bet with cash i haven't made that it is the work of dem legislooters... Senate/house committee on bla bla bla won't carry last in dis criminal venture...

Happy belated val... Wey my flower & sugar?

How can the legislators insert it and at the same time blow the whistle on it



Are we reading the same thing or your brain is still on 2015 sai baba mode

omenkaLives:
We have some of the most haardened and recalcitrant criminals around the worlld in Nigeria!

Tufiakwa!

u never chi chom tin Sai Baba

The question is

"What does Fashola know about the N2B and WHEN did he know it?"

Abi if Senate no screen the budget or see d item Uncle for help Ministry of Finance 'execute' the strange project?!!!



ps thanks to the mod that sorted out the Antispam bot issue

modath:



I can bet with cash i haven't made that it is the work of dem legislooters... Senate/house committee on bla bla bla won't carry last in dis criminal venture...

Happy belated val... Wey my flower & sugar?

Aunty Mo, i tire for these crooks gan! I bet some of these things are happening because the courts always appear lenient when dealing with billion dollar crooks.

If these men are not being thrown into the slammers like the crooks they are to do loooong time with hard labour, none of them would have a change of heart over the slaps on the wrists they get in the courts.

Imagine after all we saw last year, some people still had the gots to take a shot at the nonsense yet again.

So darn shameful.

So, who owns the money?

omenkaLives:
We have some of the most haardened and recalcitrant criminals around the worlld in Nigeria!

Tufiakwa!

Point of correction; in apc please.

modath:



I can bet with cash i haven't made that it is the work of dem legislooters... Senate/house committee on bla bla bla won't carry last in dis criminal venture...

Happy belated val... Wey my flower & sugar?

Even when fashola categorically said that it was inserted by ministry of finance.

You are pathetic.

Won't they be stupid to point it out if it was inserted by them?

modath:



I can bet with cash i haven't made that it is the work of dem legislooters... Senate/house committee on bla bla bla won't carry last in dis criminal venture...

Happy belated val... Wey my flower & sugar?

Ode the minister of Works a member of the executive has confirmed that the insertion is from the finance ministry and yet you blame the NASS. When did the finance ministry become a part of the NASS?

This administration is the most corrupt in the history of Nigeria. People are dying daily do to the hardship imposed by this shameless and good for nothing leaders. From now on, their family will never know any peace. It's high time Nigerians wake up.

In this nation, hardly you will pass a week without one Story.

#nigermustmoveforward

Lolzzzz... By d tym dis govt leaves, na den wen go get a clear view of d massive corruption under their nyash.. Sarrki and co won't com in here at all.. Anyone dat eventually does would do d usual, blame d other man... A whole 2 billion. If dis topic had Diezani or Dasuki anywhere in the heading dis thread for don reach permanent site by now