₦airaland Forum

These were just give away to Jonathan's cronies. Can Jonathan defend any of these give away funds today?

cc: Ngeneukwenu, tonyebarcanista, omemka, cleverly, noblezone, modath, mynd44,

How can Jonathan justify giving money to every Tom - D1ck and Harry? Jonathan just gave money away to his cronies and asked them to run away with the money. Jonathan was busy giving money away to people he believed could make him remain president but God had his plan for them. My fellow Nigerians, we dodge a bullet when we voted this squanderer out of office. We would have been bankrupted today if Jonathan was still in office.

Can any TANOIDS/IPOB/GEJ till 2019 crew currently known as "Give Me Biafra or I Die" tell us why Jonathan should not rot in Kirikiri prison?

Can any of you justify the give away printed below?





Jonathan Gives Away 2 Trillion Naira to His Cronies Before Leaving Office


The Federal Government (FG), under the leadership of President Goodluck Jonathan, has spent at least N1.732trn on intervention funds in different sectors of the economy, investigation has found.

The figure represents the sum of the amounts approved by the FG as intervention funds between 2010, when Jonathan became President, and December 2012.

Some of the intervention funds include the N200bn Small and Medium Guarantee Scheme, N200bn Restructuring and Refinancing Facility Scheme and the N300bn Power and Airline Intervention Fund.


Others are the N75bn Grooming Enterprise Leaders Business Intervention Fund, N32bn Entertainment Intervention Fund and N10.71bn Commercial Agriculture Credit Guarantee Scheme to six banks by the Central Bank of Nigeria.

Also on the long list of intervention funds, are the N300bn approved for the hotel and leisure sub-sector in 2012; N200bn for indigenous pharmaceutical companies and N100bn textile industry bailout.

The FG also disbursed N126.1bn as export expansion grant between 2010 and 2012.



Also in 2010, the FG reportedly disbursed about N7.9bn to 25 companies from the National Automotive Fund. The money was for the production of vehicles, motorcycles and bicycle tyres and accessories.

An additional N3bn was earmarked for disbursement to nine companies before the end of that year.

In July 2012, the FG approved N330m grants to assist 20,000 farmers in Lagos state.

Similarly, in November, 2012, the FG, in collaboration with the Central Bank of Nigeria, disbursed a soft loan worth N9.4m to members of the Nigeria Cassava Growers Association, Nasarawa State chapter.


As at July 2011, the Bank of Industry had reportedly disbursed N195bn out of the N200bn meant for the refinancing of the manufacturing sector to 518 companies across the six geo-political zones, while N83bn out of the N300bn for the power and aviation sectors had also been disbursed to companies in these sectors.


As part of FG’s intervention in education in 2012, it approved N95.653bn for public tertiary institutions in the country, through the Tertiary Education Trust Fund.


Within the period under review, the FG disbursed several funds through the Universal Basic Education Commission. One of such was N94m disbursed to 125 communities in Bayelsa State, in September, 2011, for self-help projects.


In the agricultural sector, the CBN, through its Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, approved a take-off grant of N75bn to boost agriculture businesses.

The Head, Project Implementation of NIRSAL, CBN, Mr. Jude Uzonwanne, reportedly said N45bn from the N75bn had been set aside as loans to the farmers, while the balance would be used to train and insure them.


Irked by the situation in which government’s interventions have had little or no impact on the economy, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), conducted a survey and found that only six per cent of industrialists accessed the funds.

NACCIMA said this at the presentation of the survey report to stakeholders in July 2012.

NACCIMA President, Dr. Ademola Ajayi, said the intervention funds were faced with the problem of accessibility.

According to Ajayi, despite the FG’s N100bn textile bailout fund, less than 25 per cent of textile manufacturers were operating above 50 per cent capacity utilisation.


Apart from inability of stakeholders to access the government’s intervention funds, there have been discrepancies in the administration of the funds.

While some of the funds have been diverted to other uses, parts of the funds can no longer be accounted for.

The Senate Committee on Public Accounts, last year, raised the alarm over a missing N44bn from the FG’s Special Intervention Fund on Solid Minerals.

The committee discovered the missing funds during an interactive session it had with officials of the Federal Ministry of Finance, the Central Bank of Nigeria and the Office of the Accountant-General of the Federation.

The committee said despite the fact that the fund was created by the FG as a special intervention fund to develop the non-oil sector of the nation’s economy, no project had been accomplished in the sector.

According to the Senator Ahmad Lawan-led committee, the records of the Federal Ministry of Finance and that of the CBN could not properly account for about N44bn, out of the total figure of N873bn, between 2002 and May 31, 2012.

The committee also found that part of the funds had been used to finance projects in other sectors.

Meanwhile, an anti-corruption group, Coalition for Against Corrupt Leaders (CACOL), said Nigerians had yet to see the impact of the funds on their lives.

The Executive Chairman, CACOL, Mr. Debo Adeniran, said, “The funds are meant to settle the boys, the political elite. It is just a palliative to hoodwink people into believing that the government is helping them.

“The solution is not to dole out funds but to make sure jobs are generated and infrastructure is developed to encourage small and medium-scale industries. There should be micro-credit facilities for entrepreneurs to increase local content. Most intervention funds are a wrong step in the right direction. The government is just chasing shadows. The funds will not make people face the reality to be creative and productive.”

Another group, Socio-Economic Rights and Accountability Project (SERAP), said it was improper for the government to approve intervention funds for private enterprises, citing the example of the aviation sector.

The Executive Director, SERAP, Mr. Adetokunbo Mumuni, said, “If the government allocates funds for public institutions, provided it is properly accounted for, it is acceptable; when such funds are for private businesses, it is not acceptable. Why use the public funds to intervene in private enterprises? It is unreasonable and unjustifiable.

“Spending on private businesses sounds fraudulent. Monies have been spent without proper account for them. The government can only give financial intervention, provided funds would be spent transparently and accountably.”


https://www.naij.com/19841.html

Gabriel Kolawole dare not issue any injunction or "protection" for Dokpesi. The same sh1t Odili got for over 7yrs.

They hate People of muslim faith so much and they keep travelling to Dubai and Qatar in thousands every week. I have many muslim friends and they are peace loving people. I attended events in mosque more than ten times with my muslim friends.

2012 - March 2015... "GEJ TILL 2019"

June 2015 TILL DATE.... "BIAFRA or I DIE"....



Bunch of losers

Uncle Bode needs to go on exile before it is too late. The unthinkable is bound to happen.

Nice one by op. The North is volatile when it comes to religion. IPOB criminals don't think about repercussion of their actions.

Why are they not nake.d? Protest unclad before we take you serious.

CACAWA:
By the way..where is Farouk Lawan?

Ask Jonathan what he did about Farouk Lawan. Farouk Lawal is member of PDP.

Buhari must go after all these criminals. They created Boko Haram to feed on defense spending. Dasuki, Ayim, Bafarawa, Gej and others must be dealt with.

Sai Buhari

IceMan85:
Very soon you'll lose one of your sibling in a brutal way, then you'll know how fuccked you will be

Trash from an hopeless and demented yeebboe like you. Bleep you as well. Bleep the guy once again in the hole he's buried in for his foolishness.

[s]

WombRaiders:
Bust which lie?

Better go and join isis like you yoruba brother below

[/s]

Trash.

SegunAdewole:
Why are you running up and down to support fulanis and wicked muslims all over the place? Are you well at all? Are you even sure you are yoruba?
God of mercy!

Ko ni ragba fun e ati fun awon molebi re. Oloribu omo jati jati nie.

Igbo boy pretending to be Yoruba. It sucks to be Igbo.

[s]

WombRaiders:
Gbesse region.

[/s]

Igbo fool. I burst your lie in the other thread and you ran from your own lying thread.
Reverendjuju, Pappymason wombrainer are few of the moniker you use to spread falsehood.

Punk azz liar you are..

[[s]quote author=SegunAdewole post=40446450]Look at the kind of people we yorubas are supporting. Fulani animals. I just hope God won't punish the yoruba race for these evils.[/quote][/s]

Olori buu nie! Awon wo ni awon obi tire?

Why you had to change to your ficticious Yoruba moniker to type rubbish?

Omo ale jati jati ni e.

[s]

WombRaiders:
Boko slice your neck


She is arab just like Aisha only slightly older and pregnant

[/s]

Igbo bastard caught lying. Support your claim with a link or die like a chicken killed by a trailer.

Liar.

new2020:
Princess Kanu; just as fearless and resolute as her brother.

Kanu will be sentenced to life imprisonment and eventually peme there. I can bet Kanu won't come out of prison alive.

Go and look up the penalty for treason in Nigeria.

Kanu is done!

WombRaiders:
If I don't die a violent death as you wish before the end of this year then let it be you.


She is not telemundo but Jordanian

Werey! Keep lying and die like a fowl crushed by a trailer.

Liar.

WombRaiders:
No be only Mexico nah telemundo

I burst your lie, fool.

The only reason you will not die a violent death by end of this year is if it is true that the girl you posted is truly from Jordan but you and I know she is a Mexican.

baby124:
That Nnamdi is completely crazy I tell you. Open your eyes and see. Save your life, never let anyone sell you their dream. At the end of the day, no human being will lay down their life for you. If Nnamdi was ready to die, he will not be struggling for his freedom now. Forget what he is saying. If he was not interested in his freedom he wouldn't have appeared in court. Be careful of those who come with quick fixes, they are either blood thirsty cowards or scam artists. Your elders have spoken in that video. What they see, you cannot see for another 20yrs

Stop begging him.

Their motto is "Give us Biafra or we Die".

Well..... we are not giving them Biafra and they are free to die. 5 million graves ready to bury the likes of idiot like Kanu.

agarawu23:
you can start from where KANU stops to show you r a true Biafran or you fvck off and remain silent forever!!!

Here is the potential terrorist asking for weapons to kill his fellow Nigeria citizens.


https://www.youtube.com/watch?v=1XU2JtlUF6M

Kanu must not be released for life. He must be kept in prison to rot and peme there. He is a danger to the society.

Kanu can die all I care. Criminals and terrorists die in prisons every month around the world and heaven never fell for once.

Kanu can go ahead and die. We will surely bury him in prison yard.