The Minister of Finance, Mrs Kemi Adeosun, had locked horns (like the diligent minister that she is), with the all-powerful, majestic NNPC board, declaring their account to the FAAC, chaired by the minister, “unacceptable” and urging them to render the full account of the missing billions before any funds were released to the federating units.

In a more vibrant democracy, this alone would have choked up the headlines for days if not weeks on end until it was resolved, and someone made to account.

But, here in Nigeria, there was a palpable air of indifference and a sense of déjà vu about the shenanigans from the top level government functionaries.

I, myself, had written in the July 10 piece that the “standoff” between the minister and the NNPC would “likely melt away in the early morning fog – as they do”. What happened?

Last week, it was widely reported that the subsequent meeting of the FAAC ended in a “deadlock” and had been suspended indefinitely. There really was no “deadlock” in fact, as the meeting could not go ahead due to a lack of quorum.

Just imagine this, a serious issue of non-remittance of funds was reported to the committee by the Minister of Finance one week, and there was a lack of quorum for the FAAC to do its due diligence the very next week?

Then, what happened just a couple of days ago? Members of the FAAC rushed back to the committee and voted to work within the ambit of the “unacceptable” account hitherto presented by the NNPC.

The Minister of Finance was asked to find a way of clearing up her reservations about the NNPC submission with the corporation later. Questions about the unremitted billions have been set aside; kicked into the long grass.

This is a very Nigerian (Third World) approach to public finance that the London-trained Minister of Finance might see as a culture shock, and a rude awakening of some sort.

She had tried valiantly to do the right thing, acting to safeguard taxpayers’ and the Federal Government’s interests in rejecting an incomplete, perhaps, fraudulent account from the NNPC, the goose that lays the golden egg for us all.

Tried as she might, it looks as if the “deep state” clipped the minister’s wings, she took a bow, and life goes on.

Read more: http://punchng.com/nnpc-faac-adeosun-and-the-missing-billions/

APC and Corruption are like 5 and 6 in football
APC is the worse political party in the world

GOOD job Minister of Finance.

She had tried valiantly to do the right thing, acting to safeguard taxpayers’ and the Federal Government’s interests in rejecting an incomplete, perhaps, fraudulent account from the NNPC, the goose that lays the golden egg for us all.Tried as she might, it looks as if the “deep state” clipped the minister’s wings, she took a bow, and life goes on.
So that now atones for Kemi Adeosun's NYSC's certificate forgery/perjury You can not justify a legality with illegality.

"For whoever shall keep the whole law, and yet stumble in one point, he is guilty of all."(Holy Bible- James 2:10).God's standard never changes

Paperwhite:
She had tried valiantly to do the right thing, acting to safeguard taxpayers’ and the Federal Government’s interests in rejecting an incomplete, perhaps, fraudulent account from the NNPC, the goose that lays the golden egg for us all.Tried as she might, it looks as if the “deep state” clipped the minister’s wings, she took a bow, and life goes on.
So that now atones for Kemi Adeosun's NYSC's certificate forgery/perjury You can not justify a legality with illegality.

"For whoever shall keep the whole law, and yet stumble in one point, he is guilty of all."(Holy Bible- James 2:10).God's standard never changes

Bros are you sure the certificate saga wasnt a weapon of blackmail to warn her to back off? She has her fault quite well but the cabal kept that as a blackmail chip to clip her wings. my view anyway.