*NNPC Scandal again; NNPC GMD, Baru says Abba Kyari instructed N50bn Oil Revenue be kept in Private Account outside TSA*
• Buhari ordered me to instruct NNPC GMD on N50bn private saving~Abba Kyari
..Reps flay Kyari’s claim that Buhari exempted N50bn NNPC fund from TSA
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December 12, 2017
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Abuja
The House of Representatives on Tuesday raised questions over a “purported ” presidential approval withholding some special Nigerian National Petroleum Corporation accounts from being transferred to the Treasury Single Account .
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The accounts, with funds worth N 50 bn , are still being kept by commercial banks in breach of the TSA policy , which provides that all accounts belonging to Ministries , Departments and Agencies of government should be transferred to the TSA .
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The TSA, a centralised Federal Government revenue account, is kept by the Central Bank of Nigeria .
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A Nigerian firm , SystemSpecs, provides the Remita electronic platform for running the TSA , saving the Federal Government revenue that could , ordinarily , have been lost .
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An ad hoc committee of the House chaired by a member of the All Progressives Congress from Kano State , Mr . Abubakar Danburam - Nuhu , found out that the NNPC directed some commercial banks to still keep the accounts outside the TSA .
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The CBN confirmed to the committee that it was aware of the excluded accounts, pointing to a document tendered by the NNPC saying that there was a presidential approval .
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The said approval was a memo written by the Chief Staff to the President , Mr . Abba Kyari, authorising the NNPC to exclude the accounts from the TSA.
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Expressing surprise over the discovery , Danburam - Nuhu stated , “Banks are still holding accounts with funds up to N 50 bn outside the TSA.
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“The banks claim that there is an approval by the President for the accounts to operate outside the TSA .
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“These are NNPC ’s accounts and the corporation must produce evidence of the presidential approval.”
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A senior official of the CBN, Mr . Dipo Fatokun, confirmed to the committee that the NNPC indeed wrote to inform the apex bank of the exemptions .
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However , Fatokun specifically mentioned accounts relating to Joint Ventures operations as the NNPC accounts covered by the exemptions .
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“The banks are actually holding some accounts. We are aware . It ’s not yet a case of 100 percent transfers to the TSA, ” Fatokun explained .
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He also informed the committee that some accounts still being kept by the banks had legal limitations , while others were accounts owned by the Judiciary and the National Assembly.
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“We are compiling a report on each of the banks and it will be ready soon ,” Fatokun told the lawmakers .
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A memo by Kyari, purporting to convey President Muhammadu Buhari ’s exemption directive , was analysed by members of the committee and was rejected as “not convincing.”
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One member , Mr . Edward Pwajok ( SAN ) , said the memo didn ’t say much other than opening with the line, “I have been directed .”
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Pwajok added that in the circumstances, the proper thing to do was to summon Kyari to convince the committee that Buhari indeed granted the exemptions .
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“Let him come here to show us the evidence of the directive given to him by Mr . President, ” Pwajok said .
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Another member , Mr . Simon Arabo , noted that Kyari’s memo appeared to be an “Executive Order ,” which had to be further examined by the committee .
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The committee made two rulings . The Group Managing Director of the NNPC , Mr . Maikanti Baru , was summoned to produce the presidential approval within 48 hours .
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It also directed the CBN to submit a reconciliation report on the accounts still kept by commercial banks before the end of this month.
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The committee commended SystemSpecs for the efficiency of its operations and urged the government to pay for its services .
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Danburam -Nuhu stated , “SystemSpecs is being owed money for services it rendered to the country over a period of time . The company should be encouraged .
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“If a local firm has performed this well, why owe them money?
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“The committee will ensure that the money that is due to Remita and other stakeholders is paid .”
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http://punchng.com/reps-flay-kyaris-claim-that-buhari-exempted-n50bn-nnpc-fund-from-tsa/

they need money for 2019 election. If you like,keep d whole 2018 budget for 2019 election. APC will b rejected and we will burn dat ur useless brooms.

Let the drama begin

its unlikely that when i get to 75 years i will be corrupt


Una won carry the money go grave. People are dying and you guys are stealing money for 170 million Nigerians

which kind wickedness be this self

Buhari and his northan brothers again.

This country self

Buhari the smooth criminal, he is a dullard but very smart in things that have to do with curruption

Nigeria is hopeless, let's just break up this disappointment of a country.

Buhari and his Northern brothers are thief, the exempted account is where they store their loot from NNPC.

The committee should make more search, they find other accounts where Buhari and his band of crooks store their loots.

Zombies will read this news and disappear

Buhari Is a celebrated integrity scam. He is a father of corruption

Government of one day one scandal.So of what use is the TSA if Buhari alongside the crooked members of his cabal will be keeping private/unofficial accounts Meanwhile this is a regime being led by Nigeria's so called most holy anti-corruption czar.God punish all the zombies cheering on this evil people.

It is finished




Sai baba till 2023



Quote me make Fire catch u

Buhari's reaction to this news will be like......whatever! Let me strike a pose...

There are three sides to this story - NNPC/Abba Kyari's side, the Legislators' side and the truth.

Those cows still need to get fatter. I Dont know why people are complaining. Bubu is incorruptible.

50billion is too small na.

Mynd44 day don break for NNPC Hq

SillyMods:
There are three sides to this story - NNPC/Abba Kyari's side, the Legislators' side and the truth.

Because it concerns APC and your tin god, Buhari?
Bloody hypocrite!

It is now becoming glaring that PMB isn't very much different from past rulers. He was indeed hyped into power

Paperwhite:
Government of one day one scandal.So of what use is the TSA if Buhari alongside the crooked members of his cabal will be keeping private/unofficial accounts Meanwhile this is a regime being led by Nigeria's so called most holy anti-corruption czar.God punish all the zombies cheering on this evil people.

Exactly, and some people are telling me to be patriotic to this useless jungle called Nigeria, Nigeria is rotten, dead and buried, what you see is the carcass, Nigeria is beyond redemption, useless jungle, the more you see, the less you understand, Buhari, Apc and PDP are all the same, they are satanic, devilish, occultic, selfish, vampires, wicked, vultures and I pity the Nigerian masses that are suffering from all this, what a useless jungle, where is my cane to flog these useless thieves out of power, nonsense

Buhari is a thief and a hypocrite

Sarrki where art thou

see as them they call money like say na sand

a govt of do as i say and not as i do

when they keep money aside , it is not corruption but when someone does it, it is

when APC leaves Power, their monumental corruption would come to limelight

why is it that once kyari's name is mentioned, bad news is always attached.

The APC Admin and Mods of this biased forum are looking the other way, they don't want to push this thread to FP.


Make una continue.

lol...


Nigerians have not even began to see the monumental corruption going on under pmb.


some media houses are too scared to publish some information they possess because it will be easily traced to who leaked the info.


but in time... it will all be laid bare...

Just watch as that Garbage Shehu will blame Jonathan and PDP for Buhari clueless ness and Failure..


APC failure is as bright as broad day light.
In fact you can see it running on two legs.

It still baffles me how 15 million people voted for this Man..


APC the most corrupt, vision less , useless and clueless party in the political history of Nigeria..


Now watch as BMC zombies will evade this thread..

See zombies and BMCs dodge this thread. Mr integrity involved in another scandal similar to maina's own, yet he will keep saying "He has integrity" and will always deny.

Is anyone still calling Buhari Mr Integrity? Over to you NgeneUkwenu

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This is not funny. We hope this allegation will be thoroughly investigated. Not after Apc has labeled everyone not in their fold a thief.
Mr integrity will soon be demystified.

Front page

gurunlocker:
See zombies and BMCs dodge this thread. Mr integrity involved in another scandal similar to maina's own, yet he will keep saying "He has integrity" and will always deny.

they will be here soon, they just need to get their lies, denials & blame game straight...


one of them above you is already 'dividing' the excuse/blame...