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Buhari Directs Finance Ministry To Sell All Recovered Assets - Politics - Nairaland

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Buhari Directs Finance Ministry To Sell All Recovered Assets by ExAngel007(f): 6:52am On Apr 04, 2019
President Muhammadu Buhari has directed the ministry of finance, led by Zainab Ahmed, to sell all recovered and liability-free assets in six months. A number of politicians and former government officials will be affected by this because some assets have been seized in the course of the war against corruption embarked on by the Buhari administration.
Speaking on Tuesday while briefing the house of representatives joint committee on finance, appropriation, planning and economic development, Udoma Udo Udoma, the minister of budget and national planning, said the federal government is determined to improve its revenue generation in 2019.
“The Ministry of Finance, working with all the relevant authorities, has been authorized to take action to liquidate all recovered, unencumbered assets within six months,” he said.
“The Department of Petroleum Resources has been directed to, within three months, complete the collection of past-due oil license and royalty charges, including those due from Nigerian Petroleum Development Company (NPDC) (a subsidiary of NNPC), which it had agreed to pay since 2017.”
Udoma told the lawmakers that the president has directed that work should be concluded on the deployment of the National Trade Window to enhance customs collections efficiency from the current 64% to up to 90% over the next few years. He attributed the government’s inability to meet its revenue target in 2018 to the non-implementation of some one-off items.
According to Udoma, these items include the N710 billion from Oil Joint Venture Asset restructuring and N320 billion from the revision of the Oil Production Sharing Contract legislation/terms, which have now been rolled over to 2019.
Speaking on the production quota agreed on by the Organisation of Petroleum Exporting Countries, the minister explained that there is no quota set for condensates.
“Mr. President has directed the NNPC to take all possible measures to achieve the targeted oil production of 2.3 million barrels per day.” He explained that in allocating funds in the 2019 budget proposals, priority was given to critical infrastructure projects.

https://www.thecable.ng/buhari-finance-ministry-sell-all-recovered-assets

4 Likes 2 Shares

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by livelymatilda22: 7:01am On Apr 04, 2019
Nice one,.. The money should be used strictly to develop Nigeria and create employment.

Nigeria will be great again..

45 Likes 5 Shares

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Chinashopping84: 7:02am On Apr 04, 2019
Gobe

4 Likes 1 Share

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by IAmSkinny: 7:11am On Apr 04, 2019
And who will buy these "recovered assets"?

60 Likes 7 Shares

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by ictjobber: 7:11am On Apr 04, 2019
Egunje


I build websites and I am based in Abuja, see my signature

1 Like

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Robnectar(m): 7:12am On Apr 04, 2019

10 Likes 1 Share

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by ictjobber: 7:12am On Apr 04, 2019
livelymatilda22:
Nice one,.. The money should be used strictly to develop Nigeria and create employment.

Are you not a Nigerian?



I build websites and I am based in Abuja, see my signature

30 Likes 2 Shares

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by NaijaOlosho(f): 7:12am On Apr 04, 2019
cheesy
Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by opalu: 7:12am On Apr 04, 2019
Ok
Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Nobody: 7:12am On Apr 04, 2019
How many of those assets were recovered from APC thieves?

23 Likes 2 Shares

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by iammo(m): 7:12am On Apr 04, 2019
sad



Piglets must find a way to blame buhari for this


.

18 Likes 3 Shares

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by masciv: 7:13am On Apr 04, 2019
No matter what the president does, some people will still dissaprove of it. They will always hope things go bad just to proove their evil points.


See you don't need to belong to a coven or be sucking blood at night to be a witch or wizard.


If you are fond of wishing and hoping things go bad to prove 'your point' against Buhari, you've already crossed that line!


If you're hoping things go bad for Nigeria just to make your assertions right, you're EVIL!


Renew your mind!

52 Likes 9 Shares

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Dannyset(m): 7:13am On Apr 04, 2019
Mama Peace take.......

14 Likes 2 Shares

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by TheMoniker: 7:13am On Apr 04, 2019
grin
Who will buy?
Cos they will still collect it from the proposed buyer and resell it.

5 Likes 3 Shares

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by IAmSkinny: 7:13am On Apr 04, 2019
Robnectar:
Wehdone sir

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by ednut1(m): 7:13am On Apr 04, 2019
No sane person would buy those assets.

5 Likes

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by johnmartus(m): 7:14am On Apr 04, 2019
Hello, I'm very interested in mama peace hotel.

3 Likes

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Nobody: 7:15am On Apr 04, 2019
angry
Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by hottathafire(m): 7:15am On Apr 04, 2019
Let me go and get money.... Buying don start
Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by SoftP(m): 7:15am On Apr 04, 2019
And keep the kudi for personal Treasury account.
The lifeless one is a thief, no doubt

1 Like

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Robnectar(m): 7:15am On Apr 04, 2019

1 Like

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Robnectar(m): 7:16am On Apr 04, 2019

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by freemanbubble: 7:16am On Apr 04, 2019
Isoright
Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Robnectar(m): 7:16am On Apr 04, 2019

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Libello(m): 7:17am On Apr 04, 2019
A move in the right direction, hope that the proceeds from the sale ll be judiciously utilized in infrastructural development and not business as usual.

4 Likes

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by juvewalex(m): 7:17am On Apr 04, 2019
The assets must not be sold cheaply and the proceeds must be spent judiciously . Channel the proceeds on infrastructural or educational improvement. God bless Nigeria...

4 Likes

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Chinashopping84: 7:17am On Apr 04, 2019
one chance...
Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by Robnectar(m): 7:17am On Apr 04, 2019

Re: Buhari Directs Finance Ministry To Sell All Recovered Assets by ferrariLaferrari: 7:17am On Apr 04, 2019
All na scam. They’re gonna buy it themselves at ridiculous prices!

5 Likes 1 Share

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