₦airaland Forum

clevadani:
Its his actions I'm interested in

dekdek:
OSHIOMOLE REPLIES OKONJO-IWEALA, SAYS 'I DON'T WANT TO SAY SHE KNOWS HOW TO LIE WITH STATISTICS'

Speaking on Channels TV this morning, Governor Oshiomole said;
"I think with all due respect to former Minister Okonjo Iweala, she knows how to play around, I don't want to say lie with statistics. I have made this point that she keeps opening only parts of the pages and not the entire book. The logic of transparency is that the honorable minister must publish in full what is accruing to the federation account month to month and what is distributed to who?

What she has been publishing is what went to the Federal government, state government and Local government. What she has never published simultaneously is what is it that accrued during the period out of which this said some was distributed so we can net what is distributed from all that was collected so we can see what was left in the Excess Crude. Now you can see her changing the goal post. Okonjo was a member of the National Economic Council, I was a member and we have asked her and I am on record at asking her , don't give us verbal report on matters of federation account. Give us written report and the power to spend is not vested in Commissioners, she knows that. You look at the constitution and tell me what section gives the commissioners of finance presided over by the Finance Minister all not elected by Nigerians. The membership of NEC is clear-the governors chaired by the Vice President representing the President, the CBN governor and other federal relevant ministries such as the ministry of National Planning. How would she avoid this level of responsibility? When people are abusing governors today nobody is talking about Finance commissioners.Sometimes not even finance Minister. Why will she rather have the conversation with Commissioners of Finance and not the governors? So she has some explanation to do."he said

http://lindaikeji..com/2015/07/oshiomole-replies-okonjo-iweala-says-i.html

FG, states’ January allocations drop by N188bn
FEBRUARY 25, 2015

The drop in crude oil prices in the international market has taken its toll on the federation account as statutory allocation to the three tiers of government witnessed a decline of N188.8bn from the budgeted estimates of N688.94bn to N500.13bn in January.

The N500.13bn, which is contained in the communique issued at the end of this month’s Federation Accounts Allocation Committee meeting, also represents a decline of N80.25bn over the N580.38bn shared by the three tiers of government in the month of December.
The N500.13bn that was shared was made up of statutory allocation of N416.09bn, Value Added Tax N63.94bn, exchange gain N8.57bn and refund of N6.33bn made by Nigerian National Petroleum Corporation to the federation account to settle its indebtedness.

The communique attributed the decline in gross allocation to drop in crude oil prices from $77.53m in November to $52.34m in December.
It also stated that a 33 per cent decrease in export volume between November and December 2014 translated into a loss of $159.88.
The report said, “The gross revenue of N416.09bn received for the month was lower than the N490.03bn received in the previous month by N73.93bn.
“There was substantial loss of revenue due to further drop in crude oil prices from &77.53m in November to $52.34m in December 2014.
“Also, a 33 per cent decrease in export volume between November and December 2014 translated to a loss of $159.88m.
“The shutdown and shut-in trunks and pipelines at various terminals continued to impact negatively in the revenue performance.Also, non-oil revenues performed below the 2014 budgetary provisions.”
The communique also stated that N6.33bn was refunded by the Nigerian National Petroleum Corporation to the Federal Government being part settlement of the corporation’s indebtedness to the federation account.

From the statutory allocation, the communique stated that that the Federal Government received N194.34bn, representing 52.68 per cent while the states and local government got N98.57bn and N75.99bn respectively.
Similarly, the sum of N39.45bn was shared to the oil producing states based on the 13 per cent derivation principle.
For Valued Added Tax distribution, the communique stated that the Federal Government received N9.20bn or 15 per cent while the states and local governments got N30.67bn and N21.48bn respectively.

Addressing journalists shortly after the meeting, which began at 7pm and ended at about 9.30pm on Tuesday night, the Minister of State for Finance, Amb Bashir Yuguda, put the excess crude account at about $2bn.

On the forensic audit report and the amount to be refunded, he said, “I have engaged the minister of Petroleum and we have discussed the time frame on the refund of that amount.”

From: http://www.punchng.com/news/fg-states-january-allocations-drop-by-n188bn/

December, 2014 Federation Account Allocation - FG, States, LGCs Share =n= 580.378 Billion
19 JANUARY 2015


The three tiers of Government: Federal, States and Local Governments have shared a total of N 580.378 Billion (inclusive of VAT) as Federal Allocation for the month of December, 2014.

From the mentioned amount, the Federal Government got =N= 220.484billion (52.68%); the State Governments got =N=111.832billion ( 26.72 %) while the Local Governments got =N= 86.218 billion

(20.60%) and the oil producing States got =N=47.221billion as 13% derivation revenue.

According to the communiqué issued by the Federation Accounts Allocation Committee (FAAC) and signed by the Accountant- General of the Federation, Mr. Jonah Ogunniyi Otunla, there is the indication that the gross revenue received for December was =N=490.031 Billion.

According to the communiqué, there will be no sharing for "SURE-P" in the December allocation due to the fact that there was no excess accrued from oil due to the fall of oil price.

The sum of =N =6.330 Billion was refunded by the NNPC to FGN. Also, there is exchange gain of =N =10.551 Billion and additional amount of =N=15.631 Billion from ECA and both were proposed for distribution.

This brings the total revenue distributable for the current month (including VAT ) to N580.378 billion.

From: http://allafrica.com/stories/201501200537.html

apolonius:
Has he paid workers their salaries yet?

Does Ekiti state have commissioners now?

Clown hailing clown!

19 Ekiti lawmakers write Okonjo-Iweala, others, against dealing with Fayose’s “fake” Commissioners
November 21, 2014

The authentic Speaker of the Ekiti State House of Assembly, Adewale Omirin, and his deputy, Adetunji Orislalde, have said their purported ‘impeachment’ by seven of their colleagues on Thursday cannot stand.
The described their removal as “unconstitutional” and vowed to resume duties on Monday.

They spoke in Lagos where they were joined by 17 other All Progressives Congress, APC, members of the House to address a press conference.
The 19 lawmakers APC also said they had written three federal ministers asking them not to have any dealings with the three commissioners purportedly approved on Monday by their seven colleagues, who are members of the Peoples Democratic Party, PDP.
The lawmakers also dispatched another letter to the state governor, Ayo Fayose, faulting the approval of the appointment of the commissioners by seven of their PDP colleagues.
The letters were signed by all the 19 lawmakers.

Copies of the letters were sent to relevant heads of department and agencies under the Federal Government as well as the Central Bank of Nigeria, CBN.
The commissioner-nominees, whose appointment was ratified by the seven PDP lawmakers, are Owoseni Ajayi (Attorney General and Commissioner for Justice), Toyin Ojo (Finance) and Kayode Oso (Works and Transport).

More from: http://www.premiumtimesng.com/news/headlines/171611-19-ekiti-lawmakers-write-okonjo-iweala-others-dealing-fayoses-fake-commissioners.html

nortcentrallord:
Hahahahah, that's like Federa smashing Venus on a clay soil. You just silenced him.

alphajerus:
y e be say 9ja peps to da copy copy. I saw dat post and i tot abt our normal 9ja swagg bt...

jimohibrahim:
Money is good

Kenai:
The Rivers Monorail has already arrived...

And it's about to take off...
[img]https://www.nairaland.com/attachments/1570278_images-4_jpeg_jpeg2ce038dbd0b51d8e59b0a0d616a6e40b[/img]
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.
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[img]https://www.nairaland.com/attachments/1570371_screenshot_2014-07-23-16-07-14_png29b18d0d659492af789f2e7a9401cc15[/img]

... To outer space.

Mogidi:
He delivered good governance hence his protégé was unsuccessful in his bid to become governor.
Amaechi is high on grade 1 Buhari urine.


https://www.monorails.org/webpix%203/cnstRivers02.jpg

dekdek:
Now this is a leader. Never did sambo did something close. Jonah-daft infected him with cluelessness.

lolababe331e:
That's ironic since Fayose is also owing salaries , yes Aregbe has taken away his 5 mins of ill fame

Mogidi:
Where are those Nairalanders that used to scream [size=13pt]FFK would be jailed when Buhari takes over[/size]

APC how market, go and jail FFK now.

lolababe331e:
Fayose should go and face his work. No one talks about him again so I guess this is his way of getting his name back in the media

MalcoImX:
Did you also hear that an eye for an eye will create a country of the blind. Is it Buhari who was attacking Jonathan? Is it Buhari that coined names like clueless, drunkard, Jonada'ft, ogogoro master etc?

ephi123:
Nope, I was on planet Earth, but the fact remains that Jonathan is gone and no amount of online bashing would change that. You folks should sheath your swords, it's really not worth it.

stinggy:
The only time GEJ visited Borno, was it announced?
Unannounced visits is used globally when visiting any restive region.

after1:
My dog get sense pass you. Old man trolling online. Smh

Fadelex:
yeah, he was there on 6th February, 2013. I know this cuz I was there and the gridlock affected me that day

philips70:
Osinbajo = GEJ + Sambo

We have one extra head in the person of the highly principled retired general President Muhammadu Buhari.

Who says we have not left Egypt?

barcanista:
Since I was born, I have never witness the kind of hypocrisy, double standard and demonisation that is currently perpetrated by Muhammadu Buhari, the APC, Alhaji Sanusi, Osinbajo and their "good governance crusaders" against the person of President Goodluck Jonathan, Allison Madekwe, and other government officials.

Alhajis Buhari and Sanusi and APC have been going about using every platform to talk about a "missing $20b", cheered by their hypocritical followers that pride themselves as good governance crusaders. They have deliberately gone blind over the fraud of CBN under Sanusi as outlined by the Financial Reporting Council of Nigeria report in February 2014.

Sanusi Indicted And Removed For Fraud
According to the report (see below) Sanusi was indicted for Gross Misconduct that bothers on fraud and financial recklessness among other offence. The FRCN subsequently advised Mr President to remove Lamido Sanusi from office for further investigation and probe after the explanation of Sanusi appeared more like a tale and outrightly illogical according to FRCN. The council indicates that the explanation provided by Sanusi 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.”


April 2014: VP-elect Yemi Osibanjo Filed Case To Stop Sanusi Probe
Rather than Sanusi to prove his innocence in court, he filed a case in Federal High Court, Lagos to STOP FRCN and Other Security Agencies from investigating and prosecuting him through three Senior Advocates of Nigeria, Prof. Yemi Osibanjo, Dr. Kanyinsola Ajayi and Kola Awodien.
http://www.theguardianmobile.com/readNewsItem1.php?nid=24587

13 May 2014: Lagos Judge Tshoho Grants Sanusi Prayers
High Court Judge John Tshoho rather than uphold the constitutional powers of FRCN to investigate probe Sanusi, he granted the prayers of Lamido Sanusi and BARRED FRCN from further investigation or probing Sanusi Lamido Sanusi. In his own words...
“Prejudice is very pronounced in the language of that document. The language of the briefing note (transmitted by the FRCN to the presidency) conveys a sense of the defendant desperately goading the presidency to deal with the plaintiff,”
“The plaintiff submitting himself for investigation (by FRCN) is like the cockroach finding itself in the midst of fowls. Such a cockroach cannot be innocent,”.
http://www.tv360nigeria.com/?p=11923

Despite the fact the President Jonathan commissioned PWC to audit NNPC books to ascertain the veracity or otherwise of Sanusi's claim, Buhari, APC, Sanusi and their online agents that parade themselves as good governance and anticorruption apostles have been crying blue murder but refused to comment on the FRCN report nor the APC's VP elect role in shielding Sanusi for probe.

April 26, 2015: Buhari's Display of Hypocrisy
In his usual hypocrisy, General Buahri vowed to re-visit the $20b allegation but said NOTHING about the FRCN report. In his own word... “Imagine a situation where the former CBN governor who by God ‘s grace would later become the  Emir of Kano raised an  issue of missing billions of money, not in Naira but in Dollars, $20 billion.
“What happened, instead of investigating to know whether it was true that the money was missing or not, they simply found a reason to remove him. So these are the issues we are talking about…"
Contrary to the lies of Alhaji Buhari, Sanusi wasn't removed because he raised alarm, he was removed because he was indicted by FRCN. Jonathan also never kept mute, he commissioned PWC to audit the books. Buhari was also blind to talk about prosecuting Sanusi for the CBN fraud. Perhaps the Emir is as "incorruptible" as him(Buhari)

MalcoImX:
Are we here to lead Jonathan's type of life. So, because he was attacked, everybody must be attacked or what?

ephi123:
Don't you people get tired of all this? If things go well for Nigeria, isn't it for everyone's good?! I really don't get the point of attacking a person just for fun.

vicadex07:
Buhari will surely take care of this problems created by Jonathan

Press Release On March 2015 Federal Allocation

March 2015 Federal allocation of N435.061

The Federal Government, State governments and Local government councils shared a total of N435.061 billion as Federal allocation for the month of March, 2015. A communique issued by the Federation Accounts Allocation Committee (FAAC) indicated that the Gross Revenue received for the month of March was N315.044 billion.
This amount when compared with the N401. 42 billion received in February 2015 showed a decline of N86 423 billion. The communique noted that the continual shut down and shut-in of trunk lines at various terminals has continued to impact negatively on crude oil revenue.
However, an increase in the average price of Crude oil from $48.65m to $55.34m in February,2015 boasted revenue by about $43.73m. It is also of note that the Non-oil revenues dipped further in March partly due to the fact that the time frame for companies to file their returns has not fallen due.
The shared amount comprised of the month statutory revenue of N314. 515 billion and N6.330 billlion refunded to the Federal government by Nigerian National Petroleum Corporation( NNPC). There is also exchange gain of N33.529 billion which was proposed for distribution.
An additional sum of N9.490 billion was paid to the Federation Account by the NNPC. Consequently, from total distributable revenue for the current month (including VAT ) of N435.061 billion, Federal government received N146.486 billion (52.68%);
States received N74.299 billion (26.72%); Local governments received N57.282 billion (20.60%); while the oil producing States received N29.378 billion as 13% derivation revenue.

K.N. Offie DD Press OAGF.

Read more at: https://prnigeria.com/government/press-release-on-march-2015-federal-allocation/

dearpreye:
MC. Is it Master of Ceremony or Mere Commissioner?

I'm confused.

ionsman:
Government that cares.....Dazall...

atlwireles:
Nigeria’s four refineries to resume production in July

http://www.premiumtimesng.com/business/185402-nigerias-four-refineries-to-resume-production-in-july.html


I hope APC liars remember this headline.