₦airaland Forum

stinggy:
He did all that after how many months of heavy attacks? After how many months of looking the other way and calling BH a scam?

Please show us where Jonathan actually said (not LIE Mohammed or APC propaganda oh) BH is a scam before 2013 otherwise...........





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nigerianvenom:
I see nothing bad in what he has done bro.

It is not necessarily bad BUT it is open to being interpreted negatively by the propaganda crew who demonised him falsely in the recent past. That should be avoided, methinks.

stinggy:
If only he acted fast, there wouldn't have been this 'call for prayers'.

Since you have a short memory, let me help you out of your misery =>



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That was some two years ago oh


As for the FAKE promise of Buhari bringing Boko Haram terrorists to their knees you go wait tire





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Jonathan should learn to keep QUIET and stay out of the public COMPLETELY just as Shagari has done and Gowon, Shonekan, IBB.

Let the Agbaya of Owu be the only INTRUDER who disrespects himself.

efilefun:
Why call on buhari when the past administration never cared if they existed until 6 weeks to elections.

May God almighty heal Nigeria completely.

Stop your LIES please.

nduchucks:
I think you are a closet Buhari suporter who shares in the President's anti-corruption ideals. Come out of the closet and support change openly.

Why should I support a FAKE

Anti-corruption nor be by PRETENCE oh, abeg.

OrlandoOwoh:
PDP and forgery are twins.

Really? Coming from an APC person whose national leader harassed Gani for going to court over his forgeries



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ROSSIKE:
Do you realise the US political elite are building concentration camps for "their own people" in anticipation of unrest, and are likely devising ways to microchip them, having already vastly curtailed their civil rights via the Patriot Act? Not to mention subtly poisoning their food and atmosphere with aspartame, GM food and chemtrails. There is a lot you America worshipers need to learn.

Why don't you provide credible links to these illogical stories you are talking about

folajoseph:
Governor Willie Obiano of Anambra State, Thursday, said the transfer of Boko Haram prisoners to Ekwulobia prisons in Aguata Local Government Area of Anambra State, was concluded in 2012 under former President Goodluck Jonathan administration.

http://saharareporters.com/2015/07/05/relocation-prisoners-anambra-state-and-federal-governments-deafening-silence-chinedu

Was that why Obiano quickly went to congratulate Buhari at the Defence house



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https://www.newspunch.org/wp-content/uploads/2015/04/obiano-buhari.jpg

The old pensioner is simply having a convenient "senior moment" aka dementia.




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Really




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Ibsgal:
If you need pics, go and search the web yourself, it's there.

It is NOT there.
I searched already!

specco:
Every October 1st the Nigerian Consul in US always invite some American government officials to celebration at the Nigeria house.

Are you able to answer my question as asked or are you NOT able to

gensteejay:
I quite agree with you that the said politicians should have sent representatives to American Embassy in Abuja. But then their action is not surprising, it is common knowledge that our present crop of politicians are greedy lot, who do not care about the welfare of the electorates whose back they rode to power.

How do you think the bold situation can change?

What do the people have to do so our politicians care about us the same way those US politicians do not joke with their own people?

Thanks.

nduchucks:
You are the real trouble maker who is using a fake document to spread lies against Tinubu.

My own stance is simple, neither Tinubu nor Atiku will ever rule this great country, for obvious reasons.

Those reasons are not obvious to me oh. Any chance to help a brother?

As for our JagbaJantis, will his harassment of Gani at Igbosere be one of those reasons, by chance?




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[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/

specco:
They were invited by the US ambassador. Courtesy demands that they honour the invite. Nothing spoil.
Sai Bukola
Sai Dino

myklangelo:
if they were invited by the ambassador, there is nothing wrong in them attending.
we should not be too angry unnecessarily.

Kindly show us where the Nigerian community in the US invited their senate president, equivalent of major traditional ruler, etc to our independence day event and they showed up personally, smiling like excited kids with new toys and those pictures made the front page of a major US newspaper and/or online forum.
Thanks.

nduchucks:
I suspect that when the Americans were making their list of Nigeria's power brokers to invite, they did not consider Tinubu or Kashamu.

You are a confirmed and certified troublemaker. Make our JagbaJantis nor catch you oh. My hand nor dey



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gensteejay:
I missed that part of your post. But then the action of Saraki and others, in connection to this topic, is not borne out of inferiority complex.

I maintain that it is borne out of inferiority complex to the extent that they did not send people to represent them except you can show pictures of their American equivalents at our independence anniversary celebrations in DC.

Deal

Sunofgod:
Is there no court in Abuja again?

Uncivilized people,

If someone breaks their leg or ankle on those stones who's liable to pay compensation?

How do you know court has not been involved already without good result?

As for compensation, the landlord most likely and that is AFTER the injured person has shown that s/he exercised DUE DILIGENCE to avoid such harm.

In short, it is in ALL our interest to ensure our courts work for EVERYONE as is done in the UK, Canada, US etc.

gensteejay:
I missed that part of your post.

That's ok

gensteejay:
Furthermore, it's not surprising that this gesture is not reciprocated by American politicians during the celebration of our Independence Anniversary; apart from South Africa, African nations contribute almost zilch to bring about solutions to myriads of problems affecting humans. So we don't get the respect and recognition accorded some other nations.

How is this part of your post different from the main thrust of my post that you quoted?
Thanks.

adepiero:
GEJ made Nigeria a zoo but a farmer is here to clear the weeds and wild animals

By the farmer abi na cattle rearer letting BH terrorists roam freely killing & destroying our fellow citizens anyhow, not so?

By bringing back fuel scarcity?

By letting exchange rate get even worse to N230?

When will you wake up from your dream of change, change deception




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Truckpusher:
They've become blind ,deaf and dumb at the same time.

Like these monkeys & baboons waiting MUMUciously to be soaked in blood as it was in 2011 when the old pensioner FAILED a third time in getting us to recruit him to Aso Villa




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oloriooko:
I believe in PMB
The reality of war is gradually dawning on more people in the NE of Nigeria but its unfortunate that our party leaders are busy fighting over positions while they were expected to snuff life out of BH.
PMB cannot do this alone but the people we expect to give him the all important support are busy tussling over positions.
GEJ did a lot towards the end of his regine to tackle BH only God knows why he waited for so long and we expect PMB to build on this and bring BH to its knees.

We cannot continue to play politics with lives of the people that voted them into government.

Your belief in the Daura Dulllard should not lead you to tell LIES about our hero of democracy, you hear me so




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That was some two years ago oh


As for the FAKE promise of Buhari bringing Boko Haram terrorists to their knees you go wait tire





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addey44:
They were invited by the US ambassador to the US embassy. What's wrong with that? Can't the ambassador celebrate his country's independence and invite prominent Nigerians?

Kindly show us where the Nigerian community in the US invited their senate president, equivalent of major traditional ruler, etc to our independence day event and they showed up personally, smiling like excited kids with new toys and those pictures made the front page of a major US newspaper and/or online forum.
Thanks.

Truckpusher:
Where is the olodo General?

Trying to find his way out of West Germany where he was abandoned by the door mouth of President Michelle




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Franzeez:
Shebi they voted Change! They have the Change! After all Osibande The VP just visited them.

I thought he is Osibande, the MC = Mere Commissioner





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