Anonimi's Posts
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philips70:Thanks for your advice that I hope is sincere. www.nairaland.com/attachments/3084794_DumbPeople_jpg287f2b4d3ead2f536f99f92cbca9c590 |
philips70:Why would anyone want blessings from a crook ![]() Except im sef na confirmed crook! Is that what you are- a confirmed crook ![]() www.nairaland.com/attachments/2151923_10959780101527066886056781674305683697845804n_jpeg88571234fc99d5765ef94ba8883de888 |
sotall:www.nairaland.com/attachments/2571027_buharipoker_jpeg226b8276c6a021ac1a07f80d2f9b8246 |
panachuku: egift: |
sameer1212:www.nairaland.com/attachments/2094761_b60ddvicqaawwfb_jpegcaf20b03a32f629134f4358ff7cc86a2 www.nairaland.com/attachments/2587510_buharibokoharamnegotiator_jpegd42690cb2f2ac90a06f15aac5d233e2c www.nairaland.com/attachments/2474620_jonathanbornovisit2013_jpegf2c69cca8a86ac5a489d5faf6ffe04bb www.nairaland.com/attachments/2193460_buharifaultsbokoclampdown_jpega413ed39790bd6df7c30d3a27da2352c www.nairaland.com/attachments/2197070_stopkillingbokoharammembers2_jpeg5f078169b2de9f9501c7a9bbf6933c41 |
Sijo01:Thankfully he no longer has our CBN money to dash them anyhow while neglecting victims from other parts of the country. barcanista:[size=14pt]The FRCN’s report on Sanusi[/size] [img]https://www.nairaland.com/download/660265[/img] The decision to suspend the Central Bank of Nigeria Governor, Sanusi Lamido was based on a report of the Financial Reporting Council of Nigeria dated June 7, 2013. The report was made after a review of Sanusi’s response to the query issued to him by the President over the apex bank’s financial statement of 2012. His response was dated May 20, 2013. According to a copy of the report obtained by our correspondent on Thursday, the council indicates that the explanation provided by the suspended CBN governor is “a clear display of incompetence, nonchalance, fraud, wastefulness, and abuse of due process and deliberate efforts to misrepresent facts on the part of the leadership of the CBN.” The council advised the President to exercise the powers conferred on him by Section 11(2)(f) of the CBN Act 2007 or invoke Section 11(2)(c) of the said Act “and cause the governor and the deputy governors to cease from holding office in the CBN.” The report read: The particulars of the infractions against Sanusi are: Persistent refusal and/or negligence to comply with the Public Procurement Act in the procurement practices of the Central Bank of Nigeria. (A) By virtue of Section 15 (1)(a) of the Public Procurement Act, the provisions of the Act are expected to comply to ‘all procurement of goods, works and services carried out by the Federal Government of Nigeria and all procurement entities.’ This definition clearly includes the Central Bank of Nigeria. (B) It is however regrettable that the Central Bank of Nigeria, under his leadership, has refused and/or neglected to comply with the provisions of the Public Procurement Act (PPA). You will recall that one of the primary reasons for the enactment of the PPA was the need to promote transparency, competitiveness, cost of effectiveness and professionalism in the public sector procurement system. [size=14pt]Sanusi/CBN/FRCN indictment report continued[/size] (C) Available information indicates that the Central Bank has over the years engaged in procurement of goods, works and services worth billions of Naira each year without complying with the express provisions of the PPA. (D) By deliberately refusing to be bound by the provisions of the Act, the CBN has not only decided to act in an unlawful manner, but has also persisted in promoting a governance regime characterised by financial recklessness, waste and impunity, as demonstrated by the contents of its 2012 Financial Statements. Unlawful expenditure by the Central Bank of Nigeria on ‘Intervention Projects’ across the country (A) the unacceptable level of financial recklessness displayed by the leadership of the Central Bank of Nigeria is typified by the execution of ‘Intervention Projects’ across the country. From available information, the bank has either executed or is currently executing about 63 such projects across the country and has committed over N163billion on them. (B) it is inexcusable and patently unlawful for any agency of government to deploy huge sums of money as the CBN has done in this case, without appropriation and outside CBN’s statutory mandate. It is trite that the expenditure of public funds by any organ of government must be based on clear legal mandates, prudent costing and overriding national interest. Financial infractions and acts of financial recklessness committed by the Central Bank as reflected in its audited financial statements of 2012 (A) pursuant to Section 50 of the CBN Act 2007, a copy of the audited financial statements of the CBN for the year ended 31st December 2012 was sent to Mr. President. Based on the issues raised in the financial statement, a reaction was requested from you to enable a proper appreciation of the nation’s economic outlook. (B) the response to this query was further referred to the Financial Reporting Council of Nigeria. The review by the council, rather than allay the fears of government, further confirmed concern bout the untidy manner in which you have generally conducted the operations of the CBN. Some of the salient observations arising from the review are; (A) in a most ironical manner, it has become obvious that the CBN is not able to prepare its financial statements using applicable International Financial Reporting Standards (IFFS) whereas Deposit Money Banks that the CBN is supervising have complied with this national requirement since 2012. Undoubtedly, this laxity on the part of our apex bank, apart from calling to question its capacity for proper corporate governance, is capable of sending wrong signals to both domestic and international investors on the state of the Nigerian economy. (B) the provisions of the Memorandum of Understanding (MOU) signed by the CBN and other Deposit Money Banks on Banking Resolution Sinking Fund have been breached in a material manner. For example, a Board of Trustees (BOT) to manage the Fund has not been constituted since 2010 when it was established. The CBN has however continued to utilise the Fund for certain operations without approval of the said BOT. (C) contrary to section 34 (b) of the CBN Act 2007 which provides that the CBN shall not, except as provided in Section 31 of the Act, inter alia, purchase the shares of any corporation of company, unless an entity set up by the approval or authority of the Federal Government,m CBN in 2010, acquired 7% shares of International Islamic Management Corporation of Malaysia to the tune of N0.743 billion. This transaction was neither brought to Mr. President’s attention nor was a board approval obtained before it was entered into. (D) the CBN has failed or refused to implement the provisions of the Personal Income Tax (Amendment) Act 2007. Accordingly the Pay-As-You-Earn (PAYE) deductions of its staff are still being computed in accordance with the defunct Personal Income Tax Act 2004, thus effectively assisting its staff to evade tax despite the generous wage package in the CBN, relative to other sectors of the economy. (E) the CBN had an additional brought forward to General Reserve Fund of N16.031bn in 2012 but proceeded on a boy age of indefensible expenses in 2012 characterised by inexplicable increases in some heads of expenditure during the year. Examples include: 1. The bank spent N3.086bn on “promotional activities” in 2012 (up from N1.084bn in 2011). The bank spent this sum even when it is not in competition with any other institution in Nigeria; 2. The CBN claimed to have expended N20.202bn on ‘Legal and Professional Fees’ in 2011 beyond all reasonable standards of prudence and accountability; 3. Between expenses on ‘Private Guards’ and ‘Lunch for Policemen’, the CBN claimed to have spent N1.257 billion in 2012; 4. While Section 6(3)(c) of the CBN Act 2007 provides that the board of the CBN is to make recommendations to Mr. President on the rate of renumeration to Auditors, the bank has consistently observed this provision in breach and even went to the extent of changing one of the Joint External Auditors without notifying the office of the President. 5. In the explanations offered by the CBN pursuant to presidential directives, it offered a breakdown of ‘Currency Issue Expenses’ for 2011 and 2012. Interestingly, it claimed to have paid N38.233bn to the Nigerian Security Printing and Minting. Company Limited (NSPMC) in 2011 for ‘Printing of Banknotes.’ Paradoxically however, in the same 2011, NSPMC reported a total turnover of N29.370bn for all its transactions with all clients (including the CBN). 6. It is significant to note that the external audit revealed balances of sundry foreign currencies without physical stock of foreign currencies in the CBN Head Office. Questionable write-off of N40bn loans of a bank The above issues are only a few of the infractions highlighted by the review and which point to the gross incompetence and recklessness which characterised the operations of the CBN in the period under review. However, the CBN also claimed that it paid Air Charter, such as payments to Emirate Airline (N0.511bn), Wing Airline (N0.425bn) and Associated Airline (N1.025bn) to distribute currency by air nationwide. Emirate Airline does not fly local charter in Nigeria, Wing Airline is not registered with Nigeria Civil Aviation Authority and Associated Airline does not have a billion turnover for 2011 because upon enquiry, the management claimed that they have no financial statements and have not had any significant operations for the past two years that will warrant preparation of financial statements. The breakdown also include “Currency Issue Expenses” of N1.158bn and Sundry Currency charges of N1.678bn under “Currency Issue Expenses.” As they are in 2011 so are similar expenses in 2012. These are difficult to understand. Other areas of fraudulent activities include 1. Facility Management N7.034bn in 2012 (N5.751bn in 2011. 2. Foreign Bank accounts that have been closed offshore were still operational in the General Ledger for over six months after they have been confirmed as closed accounts by the offshore banks. 3. The “Know Your Customer” policy is not properly followed by the CBN to the extent that the CBN has unknown customer with account balance of N1.423bn since 2008. The CBN claim that it is taking steps to obtain the required details regarding the address of the customer. Wastefulness 1. Training and travel expenses N9.24bn in 2012 up from N7.65bn in 2011. 2. Expenses on “ATM offsite policy change” came to N1.045bn. 3. Expenses on “Non Interest Banking” N1.359bn in 2012 up from N0.977bn in 2011. The CBN is still very heavy on expenses on “Project Eagles” spending N0.606bn in 2012 up from N63m in 2011. Expense on newspapers, books and periodicals (excluding CBN’s publications) is N1.678 billion in 2012 up from N1.670bn in 2011, From: http://www.punchng.com/news/the-frcns-report-on-sanusi/ |
Burger01:From someone who calls himself burger and has not unilaterally led a campaign to not share the national cake aka Niger Delta oil revenue, you need to visit Yaba left sharperly ![]() |
IlekeHD:Stupid comment of a parochial tribal bigot. I hope you said same thing when Yorubas commit crime in the UK, USA etc. Do you ![]() [img]http://3.bp..com/-8ipdYIzU2ro/UrMUOhmDE0I/AAAAAAAADu8/UdMnzDm3028/s512/Michael-Adebolajo-and-Mic.jpg[/img] eaglechild: |
interloper:You completely misread my comment about the Eagles selection as it aligns fully with what you wrote above. Please read my post again. Thanks |
Ritchiee:Sorry sir but that Facebook post is mostly the ranting of someone who was affected by the sack of Aviation ministry people trying to wrap baseless sentimental things around it. Two of the three main ministers responsible for Jonathan's socio-economic TRANSFORMATION are Yorubas, Adesina & Aganga. Is that not so? Why would you support someone talking about JUICY appointments to "empower" Yorubas, which is clearly a CORRUPTION mentality ![]() Should we not be focused on having COMPETENT people who can impact their areas of public responsibility? Abi how do we make progress as a country? The ongoing discussion on Eagles selection is not about "juicy" appointments or is it ![]() |
Orikinla:I thought he owns ACN plus APC and all its elected public servants ni. Am I wrong ![]() superior1:www.nairaland.com/attachments/2080663_olee_jpeg50ac2c9e26795655ae17af1287062b25 |
tee4naija:See wetin over-rationalisation wan do you so! Technocrats in NASS who approved Amaechi, Fashola, Ogbe etc abi ![]() Technocrats ok, lootocrats ni! www.nairaland.com/attachments/2528508_political20catoon_jpeg388939f5abe0d6aa488640afd36eb164 www.nairaland.com/attachments/2943663_salar_jpeg17507ee9e7182339f9c9b827ff56ee7b www.nairaland.com/attachments/2943664_wage_jpeg1488711c5349aed5f79f2e121e58b278 |
Guseh:You mean his ishakole rent collection tentacle while the state rots away and workers are owed salary as is the case of Lagos and Osun state, not so ![]() vanessaRN: |
JustCurious:Oga, please can you let us know why we should GLOSS over government not providing schools for ALL our children despite increasing annual budget over 10 times from under N45 billion in 2000 to almost N500 billion in 2014 ![]() |
Decapo:Are you confirming that you are a certified otondo as you not fit answer my questions ![]() Aigbofa lan woke, if a kan o si ni para - Na person wey nor sabi answer na I'm dey chop bic biro and look ceiling like MUMU! www.nairaland.com/attachments/2142301_110063925224669212248992314142844844617683n_jpeg_jpegec3968f14ef463ba83e8b8cc82de2177 |
Decapo:Is Ambode not supposed to ensure ALL schools in Lagos state meet a MINIMUM standard of decency and facilities for educating OUR children ![]() |
Decapo:Make una come see otondo wey dey call another person otondo ![]() Are private schools not meant to be SUPERVISED by Ministry of Education officials who will FINE proprietors who do not meet set STANDARD ![]() www.nairaland.com/attachments/2164168_img2442716439770_jpeg_jpeg49f4a056f74762c61c152da509187c60 |
AmeLonRo:Is the government not supposed to MONITOR these private schools and ensure they adhere to set STANDARDS ![]() Abi na wet in you dey yarn sef wey dey sweet you for body so? www.nairaland.com/attachments/2967477_image_jpeg_jpeg6f95b5e7a24ad4fc0808d6698fd37362 |
Ambode and the LGA Chairman have both ABANDONED their responsibility to these citizens despite collecting TAXES and federal allocation on their behalf ![]() www.nairaland.com/attachments/2108383_ambode_jpegf3d9e2187120804fb9995e3c58753962 |
Firefire:Far too many people have not yet redeemed themselves from the onslaught of propaganda by our JagbaJantis Asiwaju to ensure he delivered on the contract to repackage a Buhari that he himself described as "expired" only four years ago! https://www.youtube.com/watch?v=EMHk9Y9uRtE Sad!! Pathetic!!! |
Ritchiee:HOW do you mean that Jonathan "sidestepped Yorubas"? If you respond with specifics, then I can reply appropriately. Cheers. |
damton:Politician & Character are mutually EXCLUSIVE words. Get it ![]() |
Ritchiee:Why? |
modath:When trouble sleep, yanga go wake am Wetin e dey find Palava e dey find Palava e go get o Thanks to Abami Eda. #SereneSaturday ![]() |
SMART follower of Christ aka CHRISTian who reads & UNDERSTANDS his Bible esp. Deut. 14 on tithes by Israelites aka Jews. |
NewNigeriaMind:They will leave the civil service AFTER they have being paid the salary that AreGbese owes them for almost a year. They can use the FORCED savings to buy farming tools etc to start 'something tangible for once in their lazy lives'. Don't you think that is the SENSIBLE thing they should do ![]() www.nairaland.com/attachments/2081946_change_jpeg1d261807316c13729a0ba23ee58934ff www.nairaland.com/attachments/2630622_cjlpxmiwsaap2su_png84e6ed0c16cc1a142bc93d7da71a34a9 www.nairaland.com/attachments/2511031_img22681848099545_jpeg_jpegd0c22199d4d5840b2b430d790dfb113d |
IlekeHD:Beyond the physical buildings of the schools, should we not ask: - How many qualified TEACHERS are recruited annually instead of using ONLY fresh graduate NYSC Corpers? - How many lab. Attendants are recruited ANNUALLY? - How many qualified LIBRARIANS are recruited each year? -What is the IMPROVEMENT in the ratio of students to teachers/lab. Attendants/librarians etc from one year to another? - If WE constantly ask these questions, is it not more likely the 774 LGA Chairmen and 36 state governors will recruit for primary, vocational, secondary & technical schools and so reduce UNEMPLOYMENT, hunger & death in our midst? - If we regularly ask these questions, will our students not receive greater QUALITY of education, pass WAEC/NECO/JAMB/UTME etc better and create VALUE to make our society more competitive with the oyinbo societies? Does anyone know why we find it difficult to ask these questions every time for our own improvement ![]() Why? |
IlekeHD:Firstly, this discussion is not about Jonathan and I did not start it. Secondly, federal civil servants were not owed salary for almost a year as AreGbese has done. Thirdly, Jonathan shared the JOINT Federation account & ECA to all the 36 state governors despite his own better recommendation for prudence. So you should know who is really clueless by now. Fourthly, I see you need education, which I can PROVIDE to you generously. Below are 15 pages of just a SAMPLE of the socio-economic TRANSFORMATION work of Jonathan in just five years: https://www.nairaland.com/2117791/achievements-jonathan-sambo-administration-pictures However I cannot force you to read what I provide you with, in case you want to remain IGNORANT. Go through and compare to Omo Onile, Agbaya of Owu's eight WASTED years of second chance civilian presidency. |
mazzi:www.nairaland.com/attachments/2829596_img6325197050325_jpeg_jpeg61db8b350e65ada0da8fdf4018fb03e4 |
NewNigeriaMind:How much TAX do you pay to Osun state oh? How much do you give to people in the state to settle hospital bills, pay school fees, buy food etc because AreGbese did not pay salaries? I hope your reply will reflect a 'New Nigeria Mind' to issues. I hope. |
IlekeHD:Can you imagine the x,000 or x00,000s that die daily because AreGbese stole money meant for their salaries AFTER working for the state? Can you imagine how many are DEAD & dying daily ![]() |
Firefire:Ok. Will do. Updated- done ![]() |
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