₦airaland Forum

Former Minister of Finance Ngozi Okonjo Iweala yesterday said she had paid former National Security Adviser to the President, Col Sambo Dasuki (rtd) $322m (about N63billion) from recovered Abacha funds to finance military operations. She was reacting to online media reports that accused her of illegally diverting the Abacha funds to the office of the former NSA. The money was returned to Nigeria in January 2015. The statement signed by her Media Adviser, Paul C Nwabuikwu, said the attempt to link the former minister to any misuse of the funds for any purpose other than security was baseless. She explained that based on a request by Dasuki, former president Goodluck Jonathan set up a committee comprising of the former Minister of Justice, the former NSA and herself to determine how best to use both the returned and expected funds for development. Okonjo-Iweala said when the committee met, the NSA made a case for using the returned funds for urgent security operations arguing that there could not be any development without peace and security. “Based on this, a decision was taken to deploy about $322m for the military operations, while the expected $700m would be applied for development programmes as originally conceived. “Following the discussions and based on the urgency of the NSA’s memo, Dr Okonjo-Iweala requested the president to approve the transfer of the requested amount to the NSA’s office for the specified purposes,” the minister said. However, Okonjo-Iweala said as captured in the memo, she insisted on three conditions: A. only a part, not the entire Abacha funds, would be spent on the arms; the rest would be invested in development projects as originally conceived B. the money was to be treated as borrowed funds which would be paid back as soon as possible C. the NSA’s office was to account for the spending to the president who was the Commander in Chief, given the fact that the Minister of Finance is not part of the security architecture and does not participate in the security council. Mrs Okonjo-Iweala’s memo to the president, seen by PREMIUM TIMES, showed that 50 per cent of the recently recovered Abacha loot was allotted for “urgent security need” such as the procurement of arms and ammunition while the other half was set aside to be used for development purposes. The letter, dated January 20, 2015, which was addressed to Mr Jonathan, revealed that the money was transferred following a January 12, 2015 request by the office of the NSA under Mr Dasuki for funds for the procurement of arms and ammunition as well as intelligence equipment. “Please find a request by the National Security Adviser (NSA) for the transfer of $300 million and £5.5 million of the recovered Abacha funds to an ONSA [Office of the National Security Adviser] operations account,” the letter read. “The NSA has explained that this is to enable the purchase of ammunition, security, and other intelligence equipment for the security agencies in order to enable them fully confront the ongoing Boko Haram threat. “His request is sequel to the meeting you chaired with the committee on the use of recovered funds where the decision was made that recovered Abacha funds would be split 50-50 between urgent security needs to confront Boko Haram and development need (including a portion for the Future Generations window of the Sovereign Wealth Fund),” Mrs Okojo-Iweala wrote. The former NSA, Dasuki is currently on trial in connection with $2.1 billion arms scam. He is being accused of spending a total of N643 billion in extra-budgetary expenditure. Also arrested for the alleged fraud are former Sokoto state governor Attahiru Bafarawa and Chairman Africa Independent Television (AIT) Raymond Dokpesi. Both Bafarawa and Dokopesi are said have been paid N4.6 billion and N2.1 billion respectively for unstated purposes.

Nigerian leaders fail to develop Nigeria. Nigerian leader are flexing outside the country leaving the masses in abject poverty.

Emir of kano enjoy your life.

Noooo

asuustrike2009:
this is just the beginning. most Nigerians were deceived because of propaganda from politicians about party not knowing it's a tool to lure them. Apc and Pdp are birds of the same feather flocking together.

You are right

Hissss!! they should go to bank for loan. simple things as ABC

Let's us forget Abaca loot. we have more pressing issues at hand.

very bad. It is obvious that Aregbe has crippled osun state. I was told that the governor said he cannot pay the tertiary institutions that the state is broke. The man just used restructure to cover up. why can't he restructure the schools during long vacation?
The governor suspended it till the end of his tenure. Omoluabi should protest against it. The masses are the one that we suffer it.
Initially I thought PDP are evils not knowing that APC are more than evils.
Aregbe has deprived omoluabi of good education.

Good!!! God bless the OP

Good write up.

God bless explorer. your post are fantastic.

That is good. May Almighty God helps the barren women.

RexTramadol1:
No vex o,bet which kingdom is dat?

Ooni Kingdom

Hmmm! Tinubu Baba

Patiently waiting for INEC to declare the winner.

May Almighty God guide him to rule the kingdom well.
Wish him Good luck.

with God everything is possible. Good job and girlfriend that will lead to marriage.

"GOD", I know you can do it. Don't forget me.

hmmm! It is obvious that Mr president is confused.
Boys are not smiling.

Happy Sunday! Happy Christmas in advance!!! Year 2015 is gradually rounding off.

yes, when the youths start telling the truth irrespective of religion, ethnic and region.
the reasons we lack behind is the youths supporting the corrupt politicians.
With government policies, Nigeria will replicate China Economic transformation.

tmeg:
So many of industries has a way of embedding information of the original content of their products, which many of us did not know.
like the toothpaste we use nowadays, not many of us pay attention of the
toothpaste bottom color we buy.

After reading this, I bet you will consider the
details which are telling a lot about your
toothpaste.
What you need to do is have a look at the
bottom of the tube, where you will find a
colored stripe.
Toothpastes have different colors of stripes,
depending on their composition. You need to
be able to recognize them.

In that purpose, in continuation we are giving
you information about the different stripes:


Green – All Natural
Blue – Natural + Medicines
Red – Natural + Chemicals
Black – All Chemicals

On the other hand, even though this
information is available to customers, there
are opposed claims that they have nothing to
do with the ingredients of the product.
Accordingly, you can find all this information
on the list of ingredients.
The decision is yours. If interested, you
should do a further research on the topic and
find out which is the right way to select the
perfect toothpaste for you.
Good Luck !


Source.
Your Food Corner

Good info. what are the effects of the colours on our health?

Hmmm! Lai Mohammed

who will be responsible for the lost of properties?

Buhari acts fast. Buhari said "he will end Boko Haram in three months". Six months has pass, Boko Haram are getting stronger every day.

It is now clear that it is not easy to defeat BH boys. Former president "GOODLUCK" tried his best but some cabals sabotaged his efforts.

Does that called Good luck Jonathan clueless about BH boys, what will you called President Muhammadu Buhari about BH boys getting stronger every day?

BUHARI is busy travelling around the globe. I don't think buhari can solve Nigeria problems.

Barely a week and two days after the ghastly motor accident which claimed many lives along the Benin-Asaba Expressway in Delta State, another ghastly motor accident on Saturday evening claimed the lives of 12 persons including the driver. Reports said that the accident occurred on the same spot few metres away from the NNPC Mega Station, Asaba after the driver of a red-coloured bus returning from a marriage ceremony and was heading towards Asaba lost one of the bus’ tyres. Eyewitness Paul Osaniye said the accident occurred after the driver lost one of the tyres on high speed, causing the bus with Registration Number AX 166 SL to somersault severally, thereby killing many of its occupants. But doctors at the Federal Medical Centre (FMC), Asaba, where the bodies of the victims were taken to, said the passengers were identified to be police men and women who were returning from a marriage ceremony of one of their colleagues in Agbor, adding that six of the passengers were severely injured and are in critical condition at present. Efforts by our correspondent to speak with the commander of the Federal Road Safety Corps (FRSC) in Delta proved abortive as he was said to have travelled out of Asaba, but an official of the corps who did not want his name in print confirmed that the accident occurred when one of the tyres burst, saying that the driver of the bus was over-speeding, and that the occupants of the bus were mainly security agents. The Police Public Relations Officer in the state, Mrs. Celestina Kalu, said she was yet to receive the report of the accident, adding that she was going to investigate and get back to our correspondent. http://leadership.ng/news/479274/auto-crash-12-passengers-driver-perish-delta

President Muhammadu Buhari and his
South African counterpart, President Jacob
Zuma, are to meet in Johannesburg this
week to discuss MTN’s $5.2billion fine,
South Africa-based Sunday Times has
reported.
Both leaders are expected to meet and
discuss the fine along the sidelines of the
Forum of China-Africa Co-operation, the
newspaper reported yesterday. The event
takes place on December 4-5 at the
Sandton Convention Centre.
The newspaper, however, reports that the
South African government has been
unwilling to confirm or deny its
involvement in the MTN matter.
Clayson Monyela, spokesman for the
Department of International Relations, told
the Sunday Times that government was
monitoring the development with keen
interest. “The matter between MTN and
Nigeria is between a private company and
issues of compliance in a market they do
business in,” Monyela told the newspaper.
Meanwhile, the expected meeting between
the two heads of state comes after the
minister of communications, Adebayo
Shittu, said last Wednesday that Buhari will
decide MTN’s fate regarding the fine.
The Nigerian Communications Commission
(NCC) fined MTN $5.2billion for failing to
disconnect five million unregistered SIM
cards in a timely manner. Nigeria’s SIM
card registration process is designed to
curb terror and criminal threats in the
country.
The fine, which Denmark-based Strand
Consult said is the biggest of its kind in
history, has rattled the South African
headquartered MTN whose share price
shed about fifth of its value amid the
penalty.
MTN’s group chief executive officer, Sifiso
Dabengwa, subsequently quit while the
company’s former CEO, Phuthuma Nhleko,
was then appointed as executive
chairperson and charged with the
responsibility of tackling the fine.
Talks between MTN and the NCC regarding
the fine are said to be ongoing with Nhleko
having visited Nigeria. The Johannesburg
Stock Exchange (JSE) is also investigating
MTN for how it announced its fine to
shareholders.

Buhari like travelling. the man doesn't know what is doing again. people are dying of hunger, the junket-in-chief is travelling round the world.

The man should be send to kirikiri direct. God protect us from evils people and evil spirits.

RUMOURS
We Did Not Give Eaglets
N20,000, NFF Counters
Rumours
BY Onukogu Kanayochuqu Jubal.
— Nov 22, 2015 2:54 am | Leave a
comment
The Nigeria Football Federation has
rejected in “absolution” the “mischievous
rumour” making the rounds that the
football federation gave the Golden Eaglets
a measly N20,000 upon their arrival in the
country, after the lifting the prestigious
FIFA U-17 World Cup in Chile a few weeks
ago.
Speaking to LEADERSHIP Sports, the NFF
director of the communications, Demola
Olajire, vehemently debunked the news.
“Where is all this coming from? Why will
the NFF give them N20,000? Is it for their
transportation back home or to take
okada? If you say that we are owing them
match allowances and bonuses, that is
understandable, but when you say that we
just handed them N20,000 and sent them
on their way, that is utter rubbish.
“They were only told to return on
November 29 for a diner with the
president, but saying that they were given
that amount of money.
“There is nothing like that. We borrowed
money here and there to send them to the
tournament and we still owe them some
match bonuses and all that; we will pay
when we receive money for the
competition, without question,” Olajire
said.
The NFF scribe promised that the cadet
Eagles will receive the money “if we get it
before the presidential dinner, with a
number of presidential goodies in tow” and
asked those who run down the NFF to
continue doing so, but promised that the
football federation will only answer back
with its “efficiency” and “clear
conscience”.
http://leadership.ng/sports/476810/we-did-not-give-eaglets-n20000-nff-counters-rumours

Two agile guys moving students properties. May God forgive them.