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NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA - Politics - Nairaland

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NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by stephanie11: 1:41pm On Dec 15, 2017
@POLITICSNGR

Below is a full statement from the Nigerian National Petroleum Corporation, NNPC;

"The Nigerian National Petroleum Corporation (NNPC) has disclaimed the allegation that its Group Managing Director, Dr. Maikanti Baru, had ever stated in any fora that the Chief of Staff to the President, Mallam Abba Kyari, “directed the Corporation to keep the sum of N50billion away from the Treasury Single Account (TSA).”

NNPC wishes to state that the allegation is baseless, and is a clear misrepresentation of the truth.

An online publication made the allegation recently.

By virtue of the operations of the NNPC, the Corporation had made series of compelling cases to the Presidency and the Central Bank of Nigeria to allow certain categories of accounts operate outside the TSA, as they contain co-mingled funds governed by detailed agreements with local and international implications.

NNPC equally wishes to state that while these necessary approvals sought by the NNPC were graciously given by the Presidency, the Chief of Staff merely conveyed the notice of these approvals to the Corporation.

In the same vein, members of the relevant committee of the National Assembly have requested for copies of such approvals, which were duly provided by the Corporation.

To claim that the Chief of Staff single-handedly approved these exemptions was not only unfair, but is a complete misrepresentation of facts to mislead the general public."


https://politicsngr.com/2017/12/15/nnpc-boss-baru-reacts-report-linking-kyari-n50bn-funds-kept-away-tsa/

3 Likes

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by life2017: 1:42pm On Dec 15, 2017
Nothing unusual here. And nothing to see here.

National Assembly making the noise are not in TSA.
Judiciary are not in TSA.

NNPC JV account is not in TSA because the JV account has IOC like Shell,Mobil, Agip interest and involvement.

Joint venture money is not solely Nigeria money. It is jointly owned by IOCs and NNPC.

They make an argument why JV account should be exempted and it was accepted.

Why all the uneccessary brouhaha.

Note: TSA is not a product of legislation. It is a policy that came to be through executive order of the president. That means the president has the full power and right to exempt any agency within the executive. It is the same reason the National Assembly and the Judiciary refuse to join TSA and there is nothing the President can do to force them to join because the policy can only be forced on public institution under executive control.

41 Likes 5 Shares

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Tugsramm(m): 1:44pm On Dec 15, 2017
i don't even care to read telin d same old story.

2 Likes

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by imhotep: 1:45pm On Dec 15, 2017
stephanie11:
@POLITICSNGR

Below is a full statement from the Nigerian National Petroleum Corporation, NNPC;

"The Nigerian National Petroleum Corporation (NNPC) has disclaimed the allegation that its Group Managing Director, Dr. Maikanti Baru, had ever stated in any fora that the Chief of Staff to the President, Mallam Abba Kyari, “directed the Corporation to keep the sum of N50billion away from the Treasury Single Account (TSA).”

NNPC wishes to state that the allegation is baseless, and is a clear misrepresentation of the truth.

An online publication made the allegation recently.

By virtue of the operations of the NNPC, the Corporation had made series of compelling cases to the Presidency and the Central Bank of Nigeria to allow certain categories of accounts operate outside the TSA, as they contain co-mingled funds governed by detailed agreements with local and international implications.

NNPC equally wishes to state that while these necessary approvals sought by the NNPC were graciously given by the Presidency, the Chief of Staff merely conveyed the notice of these approvals to the Corporation.

In the same vein, members of the relevant committee of the National Assembly have requested for copies of such approvals, which were duly provided by the Corporation.

To claim that the Chief of Staff single-handedly approved these exemptions was not only unfair, but is a complete misrepresentation of facts to mislead the general public."


https://politicsngr.com/2017/12/15/nnpc-boss-baru-reacts-report-linking-kyari-n50bn-funds-kept-away-tsa/
cc: lalasticlala, mynd44
rubbish people

20 Likes

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Tugsramm(m): 1:47pm On Dec 15, 2017
[quote author=life2017 post=63306501]Nothing unusual here. Whch network u dey use see has he dey snatch ftc
Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Young03(m): 1:48pm On Dec 15, 2017
embarassed lipsrsealed undecided
Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by LessNoise: 1:56pm On Dec 15, 2017
Reno and co already twisted facts to deceive the public claiming 50bn stashed away by the cabals to loot

14 Likes 5 Shares

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by GOFRONT(m): 2:23pm On Dec 15, 2017
CORRUPTION HAS EATEN NIGERIA

8 Likes

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by lakpalakpa: 2:34pm On Dec 15, 2017
life2017:
Nothing unusual here. And nothing to see here.

National Assembly making the noise are not in TSA.
Judiciary are not in TSA.

NNPC JV account is not in TSA because the JV account has IOC like Shell,Mobil, Agip interest and involvement.

Joint venture money is not solely Nigeria money. It is jointly owned by IOCs and NNPC.

They make an argument while JV account should be exempted and it was accepted.

Why all the uneccessary brouhaha.

God bless you. It's just that illiterates will never understand this simple but clear explanation presented. See one of them below...

grin

GOFRONT:
CORRUPTION HAS EATEN NIGERIA

16 Likes 3 Shares

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by SillyMods: 2:39pm On Dec 15, 2017
A thief always sees others as one. Same way PDP looters see every move of govt as an attempt to loot or steal.

Idiotas!

12 Likes 4 Shares

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Newbiee: 3:04pm On Dec 15, 2017
We know, they are only trying in vain to find where to associate this administration with massive corruption, so as to find a ground for campaign in 2019. But the incorruptible Baba as always has remain steadfast.
PMB/PYO till 2023 jare!
No way for PDP looters!
Not when our foreign reserve has risen to almost $40b dollars

6 Likes 2 Shares

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Runaway: 3:05pm On Dec 15, 2017
Even if he was not the one.

He has done it before he can do it again......

1 Like

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by rosalieene(f): 3:06pm On Dec 15, 2017
......
Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by IamPatriotic(m): 3:06pm On Dec 15, 2017
I don't know why Buhari allows this Kyari of a man to keep embarrassing him and bringing this government to disrepute on daily basis, MTN, Kyari, employment racketeering, Kyari, Magu/Senate face-off, Kyari, everything bad about the Government is one way or the other linked to Abba Kyari, haba! Kyari! why always you?

5 Likes

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by NwaAmaikpe: 3:06pm On Dec 15, 2017
shocked


I wonder how Abba Kyari gets to pray 5times daily.
He is the worst sinner in this administration.

23 Likes 2 Shares

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by rosalieene(f): 3:06pm On Dec 15, 2017
...
Check my signature
Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by pol23: 3:07pm On Dec 15, 2017
Nigeria ....
My beloved country.
Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by honey001(m): 3:07pm On Dec 15, 2017
why Can't the President gives the approval himself directly

1 Like

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by adem30: 3:07pm On Dec 15, 2017
PDP can only deceive their gullible

1 Like

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by sdindan: 3:09pm On Dec 15, 2017
adem30:
PDP can only deceive their gullible

2 Likes

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by enemyofprogress: 3:10pm On Dec 15, 2017
See as him forehead black,devil don nack him head for ground tire for Mohammed
Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Nonnyflex(m): 3:10pm On Dec 15, 2017
This news isn't worth commenting so let me use the opportunity to advertise my statue business.. Order yours now while there's still small space

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Jesusloveyou(m): 3:11pm On Dec 15, 2017
Hmm

1 Like

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by OLADD: 3:12pm On Dec 15, 2017
Bunch of fraudulent people. Why is NNPC been partially excluded from the TSA after the administration's claim of success story in its implementation? This simply means NNPC is still a cash cow in this 'saintly' govt. Stealing by Trick.

8 Likes

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Charly68: 3:13pm On Dec 15, 2017
life2017:
Nothing unusual here. And nothing to see here.

National Assembly making the noise are not in TSA.
Judiciary are not in TSA.

NNPC JV account is not in TSA because the JV account has IOC like Shell,Mobil, Agip interest and involvement.

Joint venture money is not solely Nigeria money. It is jointly owned by IOCs and NNPC.

They make an argument while JV account should be exempted and it was accepted.

Why all the uneccessary brouhaha.
. It is the thieves in the system that are making noise..they don't trust themselves talk less trusting anybody..All we know is that lawlessness has reduced in public service..even if they steal,they do so with fear and trembling not with impunity

4 Likes 1 Share

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by LibertyRep: 3:16pm On Dec 15, 2017
In clear term, there is actually an account which the NNPC operates outside the TSA,the approval of which was conveyed to the NNPC by the Chief of Staff, Abba Kyari.

Thanks for the clarification

9 Likes

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Jesusloveyou(m): 3:16pm On Dec 15, 2017
IamPatriotic:
I don't know why Buhari allows this Kyari of a man to keep embarrassing him and bringing this government to disrepute on daily basis, MTN, Kyari, employment racketeering, Kyari, Magu/Senate face-off, Kyari, everything bad about the Government is one way or the other linked to Abba Kyari, haba! Kyari! why always you?
but nothing wrong on this

1 Like

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by felixomor: 3:17pm On Dec 15, 2017
What u are trying to hide
Will still come out one day.
Keep operating your special account

Your deceit wont last forever.

1 Like

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by Jesusloveyou(m): 3:20pm On Dec 15, 2017
OLADD:
Bunch of fraudulent people. Why is NNPC been partially excluded from the TSA after the administration's claim of success story in its implementation? This simply means NNPC is still a cash cow in this 'saintly' govt. Stealing by Trick.
but the idiotic pigs of Biafra always blamed this saintly government for implementing the TSA.
What a bunch of foolish set of people?

4 Likes 3 Shares

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by bart10: 3:31pm On Dec 15, 2017
undecided
Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by yanshDoctor: 3:31pm On Dec 15, 2017
..another headslamer

1 Share

Re: NNPC Boss, Baru Reacts To Report Linking Kyari To N50bn Funds Kept Away From TSA by SillyMods: 3:37pm On Dec 15, 2017
OLADD:
Bunch of fraudulent people. Why is NNPC been partially excluded from the TSA after the administration's claim of success story in its implementation? This simply means NNPC is still a cash cow in this 'saintly' govt. Stealing by Trick.
Go school you no go. Read you no read. Your mata taya person ooo.

4 Likes

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