AfricanGod2:


First of all, thank you for summarizing. Second of all if what you've wriiten is correct then you're being unreasonable.

third: Okonjo is a world renowned economist, she is the 48 most powerful woman in the world aaccording to Times and she has immensely more credibility in her profession than the governor calling her a paper economist. In fact the Oshiomle is the quack between the two of them.

Fourth: All this stuff about attending meetings with governors and giving governors slide presentation is so absurd I can't believe someone who claims to be a governor is not ashamed to mention them.
Okonjo works for the FEDERAL GOVERNMENT. She does not work for ANY governor and is NOT ANSWERABLE to ANY governor. The man, and any other governor that expected her to stoop to the level less than that of a commissioner for any of them is silly, lazy, incompetent and does not deserve the title governor.

What exactly is the source of her renown as an economist.Can you mention one publication that justifies such high praise.I am not aware of any scholars referencing her as a scholar in any reputable journals. She was an administrator at the World Bank not an "economist" .
The source of her "power" was her position not her person. Her position as Finance Minister. A power she has used destructively over the last 4 years like an out of control wild forest fire.

She works for Nigerians and part of her role as finance minister is to attend the NEC. She is accountable to the NEC

I do not understand what you mean by "stoop" ,A pilot in a plane has a responsibility to tell all passengers why the plane is vibrating or losing altitude .It is called responsibility. Her position is one of public service ,she is a public servant and some of her duties are statutory,they are mandated by law and do not amount to doing anyone a favour.In fact failure to perform statutory functions is criminal.
What is troubling is that citizens still reason in such a subservient way. She is not an elected official but a mere appointee and is not in any way superior to an elected governor who is asking for an account of his state's money that she has responsibility for transferring to him

I used to have lots of respect for this woman. This woman allowed corruption under President Stealing-is-not-corruption to rubbish her and bring low her ratings. If she was not personally benefiting from these mismanagement, she should have honourably resigned.

Maybe Charles Soludo was right about her in his many public write-ups.

I still wanna give her benefit of the doubt till I read her response to this.

pyyxxaro:
How person when never chop won read this textbook

The next person should plz summarize for me


Thanks

The summary is that so-called dr Ngozi Okonjo-Iweala is a failure, incompetent, a fraud and a crook loved by her fellow criminals in whose blood crime traits flow. Thank God Oshiomole is not Yoruba. Over to the animals to run into her defence. They are a nauseating lot.

FastShipping:
I read everything from top to bottom. Ngozi Okonjo Iweala must be held responsible for the gross misconduct in the handling of our economy. She is just an economist on paper. She is grossly incompetent and corrupt. A situation where a minister of finance could not attend important meetings with the governors or giving the governors oral presentation on the state of the economy is a sign of incompetence and corruption. She has never presented the governors with facts written in black and white. From what Oshiomohle wrote, Okonjo Iweala has been avoiding the governors because she has been found wanting. Okonjo Iweala has been giving out waivers after waivers to importers. She has been depleting national treasury since the beginning of this administration. Ultimately, she has been spending and borrowing like a drunken sailor.

On the issue of oil theft, Jonathan and his cabals are responsible for that. How can oil theft be going on our waterways while Jonathan pays billions of naira to militants to secure the place?

Okonjo Iweale must be probed, interrogated and jailed for her gross misconduct.

May God bless you. Thanks.

OAM4J:
I used to have lots of respect for this woman. This woman allowed corruption under President Stealing-is-not-corruption to rubbish her and bring low her ratings. If she was not personally benefiting from these mismanagement, she should have honourably resigned.

Maybe Charles Soludo was right about her in his many public write-ups.

I still wanna give her benefit of the doubt till I read her response to this.

She has a brother who has been exploiting her position.Going to ministries and shouting at Directors and senior public servants all in an effort to enrich himself.She cannot be ignorant of this and is no saint

Move this thread to front page pls cc: lalasticlala ishilove

On the question of oil theft, I can proudly say I was among those whose probing questions compelled NEC to set up a Committee to investigate the problem of crude oil theft. It became quite apparent in our interaction with security agencies that crude oil theft has indeed, become official. Some of the military officers confessed that whenever they apprehend oil thieves on the high sea, a telephone call from above would compromise all their efforts.

This has shown that the government is the ones encouraging the crude oil theft from this revelation. Am also sure the government too must have being happy that subsidy wasn't removed from the petroleum products because they do collude with this marketers to defraud and make unnecessary claims to siphon money.




This revelation just show how epidemic corruption have being to the government that is set to retire tomorrow.

If the closing balance of the ECA as at December 2012 was over $10 billion and that for three years running Nigeria’s budget have been based on the average of between $77 and $79 benchmark while the average price of Nigeria’s crude has been $108 per barrel, suggesting an average of about $30 per barrel, how come that there was no accretion to the ECA?

Indeed, based on a rough estimate, we should be expecting not less than $30 billion accretion based on the official oil exports of 2.3 million barrels per day.

This has been the question on my mind for days now.

If the average price is $108 and we have a benchmark of $79, it means we have $29 going into the excess crude account for every single barrel of crude oil sold. When you multiply this figure by the daily output/export which is put at about 3m barrels, and then by an average of 300 days, the monster in Jonathan's thieving government (corruption) is revealed in all its glory!!!!

Lord have mercy.

Waspy:
After reading this, I shake my head for Nigeria not just for the state she is but for her pple who majorly seem to be gullible and unreasonable.

A young man made public the petition to compel Yale to withdraw the honorary degree conferred on her on change.com and before you say Jack, some folks turned it to tribal witch hunting, just as with Stella Oduah, just as they ever will.

NOI shld be held responsible and answerable for the current stuporous state of the nation, alongside her clueless master.

Nigeria would be better off without gullible ilks and sentimental slowpokes.

Yes they turned that patriotic petition into tribal umbrage not knowing that that single young man is worth more that thousands of them. He towers above them in intelligence and common sense. On hindsight, i suspect she may have paid Yale university for that award in order to launder her worthless image knowing full well that the institution is for the highest bidder and lacks integrity.

OAM4J:
I used to have lots of respect for this woman. This woman allowed corruption under President Stealing-is-not-corruption to rubbish her and bring low her ratings. If she was not personally benefiting from these mismanagement, she should have honourably resigned.

Maybe Charles Soludo was right about her in his many public write-ups.

I still wanna give her benefit of the doubt till I read her response to this.

I have said it and I'm reiterating it, this woman is a bigger crook than Alison Madueke.

Just do a little maths on the figures and see what a ride Nigerians have been taken on.




@Lalasticlala: don't you think this deserves bigger coverage sir?

She appears to claim that because of oil theft they have not been selling the expected number of barrels of oil
So the oil theft appears to have worsened after the amnesty programme

Remove subsidy on fuel, some id/iots said NO, now the grace us with various rants!

Not interested!

AfricanGod2:


First of all, thank you for summarizing.
Second of all if what you've written is correct then you're being unreasonable.

third: Okonjo is a world renowned economist, she is the 48 most powerful woman in the world according to Times and she has immensely more credibility in her profession than the governor calling her a paper economist. In fact the Oshiomle is the quack between the two of them.

Fourth: All this stuff about attending meetings with governors and giving governors slide presentations is so absurd I can't believe someone who claims to be a governor is not ashamed to mention them.
Okonjo works for the FEDERAL GOVERNMENT. She does not work for ANY governor and is NOT ANSWERABLE to ANY governor. The man, and any other governor that expected her to stoop to a level less than that of a commissioner for them is silly, lazy, incompetent and does not deserve the title governor. He should go hire a competent commissioner of finance and face the business of govenoring his state!

Only in Nigeria do state "governors" go to the federal government begging like paupers. Only in Nigeria do the finances of states depend so much on the performance of the federal minister of finance. And ONLY in Nigeria do state governors complain like babies when the said minister does not have time for them.

You are begging and dodging the issue like a fool. Not all are fools. Your rant is meant for those who celebrate criminals. The world's most powerful woman can go to jail so when your no 48 goes to jail, it wont be news.

AfricanGod2:


First of all, thank you for summarizing.
Second of all if what you've written is correct then you're being unreasonable.

third: Okonjo is a world renowned economist, she is the 48 most powerful woman in the world according to Times and she has immensely more credibility in her profession than the governor calling her a paper economist. In fact the Oshiomle is the quack between the two of them.

Fourth: All this stuff about attending meetings with governors and giving governors slide presentations is so absurd I can't believe someone who claims to be a governor is not ashamed to mention them.
Okonjo works for the FEDERAL GOVERNMENT. She does not work for ANY governor and is NOT ANSWERABLE to ANY governor. The man, and any other governor that expected her to stoop to a level less than that of a commissioner for them is silly, lazy, incompetent and does not deserve the title governor. He should go hire a competent commissioner of finance and face the business of govenoring his state!

Only in Nigeria do state "governors" go to the federal government begging like paupers. Only in Nigeria do the finances of states depend so much on the performance of the federal minister of finance. And ONLY in Nigeria do state governors complain like babies when the said minister does not have time for them.

Thank your star I've submitted my AK47 for Amnesty, else the story would have been different. but hey be warned, okay? Don't drink before posting anymore

omonnakoda:


What exactly is the source of her renown as an economist.Can you mention one publication that justifies such high praise.I am not aware of any scholars referencing her as a scholar in any reputable journals. She was an administrator at the World Bank not an "economist" .
The source of her "power" was her position not her person. Her position as Finance Minister. A power she has used destructively over the last 4 years like an out of control wild forest fire.

She works for Nigerians and part of her role as finance minister is to attend the NEC. She is accountable to the NEC

I do not understand what you mean by "stoop" ,A pilot in a plane has a responsibility to tell all passengers why the plane is vibrating or losing altitude .It is called responsibility. Her position is one of public service ,she is a public servant and some of her duties are statutory,they are mandated by law and do not amount to doing anyone a favour.In fact failure to perform statutory functions is criminal.
What is troubling is that citizens still reason in such a subservient way. She is not an elected official but a mere appointee and is not in any way superior to an elected governor who is asking for an account of his state's money that she has responsibility for transferring to him

Some citizens reason in subservient way because responsibility and accountability are alien to them. They would rather celebrate criminals and fraudsters. The other day an organ representing them asked Gej to release Rev King the murderer. That should tell you their warped sense of reasoning.

omonnakoda:


What exactly is the source of her renown as an economist.Can you mention one publication that justifies such high praise.I am not aware of any scholars referencing her as a scholar in any reputable journals. She was an administrator at the World Bank not an "economist" .
The source of her "power" was her position not her person. Her position as Finance Minister. A power she has used destructively over the last 4 years like an out of control wild forest fire.

She works for Nigerians and part of her role as finance minister is to attend the NEC. She is accountable to the NEC

“Ngozi Okonjo-Iweala is a heroine not just of Nigeria, but of the entire continent. Her crusade against corruption has put her life at risk.” — The Independent (UK)

People become renowned for things other than scholarly articles, and someone who graduated magna cum laude from Harvard has no business being mentioned in a discussion about her professional credibility.

I do not understand what you mean by "stoop" ,A pilot in a plane has a responsibility to tell all passengers why the plane is vibrating or losing altitude .It is called responsibility. Her position is one of public service ,she is a public servant and some of her duties are statutory,they are mandated by law and do not amount to doing anyone a favour.In fact failure to perform statutory functions is criminal.
What is troubling is that citizens still reason in such a subservient way. She is not an elected official but a mere appointee and is not in any way superior to an elected governor who is asking for an account of his state's money that she has responsibility for transferring to him

Let me refresh your memory regarding the constitutional "responsibilities" of Dr Okonjo Iweala.

The Federal Executive Council

According to the constitution.
"The Cabinet of Nigeria is the Executive Branch of the Government of Nigeria. The Cabinet members are appointed by the President and report to the President. The Cabinet oversees 19 Federal Ministries, each responsible for some aspect of providing government services, as well as a number of parastatals (government-owned corporations)."

Dr Ngozi Okonjo Iweala is a member of the FEC and so is not answerable to Adams Oshiomle or any other governor, and as a member of the FEC she is not expected to prepare or give slide presentations to any governors.

She is also a member of the NEC, however the NEC is not a body she is mandated to attend by the Constitution. It is more or less an advisory body and a means to foster communication between the states and the federal government, but this is what things have been like since 2014:

"The National Economic Council is one of the federal executive councils designed to serve as a clearing house for economic issues between the states and the federal government. Even as strategic as this body is, of recent, it's been submerged in politics, as its monthly meeting has not held since August 2013 following the division of the Nigeria Governors' Forum.
How do we rescue this body from the quagmire of politics in view of its importance.
Join us at 1pm on Focus Nigeria." - AIT

Now tell me why a lady with so little time will waste it on preparing "slides" and "lessons" for a council of members that won't even attend meetings.

Finally, you mentioned something about state governors asking for their state's money and mentioned that Okonjo is not superior to governors.
I just want to say that I agree she should give an account of the handling of Nigeria's finances, but constitutionally she has no responsibility to give this account to governors. Moreover governor's, who supposedly have superior authority to the finance minister are too subject to the minister's decisions to be really considered superior.
The fact is that until governors can't do without relying on the hard work of the federal government vis-à-vis revenue from federal agencies then they should shut the hell up and stop complaining. So far it's only the likes of Oshiomle and Amaechi who can't pay salaries that are complaining.

PenSniper:



The summary is that so-called dr Ngozi Okonjo-Iweala is a failure, incompetent, a fraud and a crook loved by her fellow criminals in whose blood crime traits flow. Thank God Oshiomole is not Yoruba. Over to the animals to run into her defence. They are a nauceating lot.

Boss thanks for the summary

PointB:
Remove subsidy on fuel, some id/iots said NO, now the grace us with various rants!

Not interested!

Would have been surprised if u were....it's only wise for u to stick ur head in the sand like an ostrich until the 'storm' passes...smh

AfricanGod2:


“Ngozi Okonjo-Iweala is a heroine not just of Nigeria, but of the entire continent. Her crusade against corruption has put her life at risk.” — The Independent (UK)

People become renowned for things other than scholarly articles, and someone who graduated magna cum laude from Harvard has no business being mentioned in a discussion about her professional credibility.




Let me refresh your memory regarding the constitutional "responsibilities" of Dr Okonjo Iweala.

The Federal Executive Council

According to the constution.
"The Cabinet of Nigeria is the Executive Branch of the Government of Nigeria. The Cabinet members are appointed by the President and report to the President. The Cabinet oversees 19 Federal Ministries, each responsible for some aspect of providing government services, as well as a number of parastatals (government-owned corporations)."

Dr Ngozi Okonjo Iweala is a member of the FEC and so is not answerable to Adams Oshiomle or any other governor, and as a member of the FEC she is not expected to prepare of give slide presentations to any governors.

She is also a member of the NEC, [b]however the NEC is not body mandated by the Constitution. [/b]It is more or less an advisory body and a means to foster communication between the states and the federal government, but this is what things have been like since 2014:

"The National Economic Council is one of the federal executive councils designed to serve as a clearing house for economic issues between the states and the federal government. Even as strategic as this body is, of recent, it's been submerged in politics, as its monthly meeting has not held since August 2013 following the division of the Nigeria Governors' Forum.
How do we rescue this body from the quagmire of politics in view of its importance.
Join us at 1pm on Focus Nigeria." - AIT

Now tell me why a lady with so little time will waste it on preparing "slides" and "lessons" for a council of members that won't even attend meeeting.


Finally, you mentioned something about state governors asking for their state's money and mentioned that Okonjo is not superior to governors.
I just want to say that I agree she should give an account of the handling of Nigeria's finances, but constitutionally she has no responsibility to give this account to governors. Moreover governor's, who supposedly have superior authority to the finance minister are too subject to the minister's decisions to be really considered superior.
The fact is that until governors can't do without relying on the hardwork of the federal government vis-à-vis revenue from federal agencies then they should shut the hell up and stop complaining. So far it's the likes of Oshiomle and Amaechi who can't pay salaries that are complaining.

Your exact words are that she is a "world renowned economist". Now to the best of my knowledge she is not an economics scholar and has not held a job as an "economist" so what was the theatre where this renown was garnered

Graduating magna cum laude from Harvard has nothing to do with professional credibility . One is about "ACADEMIC" ability and nothing to do with integrity which is what credibility is all about. One is historical and the other is contemporary . That you have an IQ of 200 is irrelevant to ability to DO A JOB
I think your point about the National Economic council is meaningless.The council exists and is mandated by the constitution.
H - National Economic Council

18. The National Economic Council shall comprise the following members -

(a) the Vice-President who shall be the Chairman;

(b) the Governor of each State of the Federation; and

(c) the Governor of the Central Bank of Nigeria established under the Central Bank of Nigeria Decree 1991 or any enactment replacing that Decree.

19. The National Economic Council shall have power to advise the President concerning the economic affairs of the Federation, and in particular on measures necessary for the co-ordination of the economic planning efforts or economic programmes of the various Governments of the Federation.

Coordination between the states and FG relates most importantly to transferring payments from the Federation account.This should be done by the CBN and NOT the Minister of Finance.The PDP distorted this





The Minister of Finance is not supposed to be there by the constitution but became involved when the government started flouting the constitution so do not distort facts or history.The constitution does not allow the operation of the so called Excess Crude Account and if this account was not being operated then there should be no need for the Minister of Finance to attend rather it is the CBN governor that should. What should happen is government sells oil and collects other receipts directly into the Federation account and makes deductions for debts/guaranteed loans and remit the difference. But because of FG high handedness this arrangement came about so to say she has no responsibility to the governors is absurd. If you are ignorant find out the history of how many times the governors have taken the FG to court to release their money and how this funny arrangement came into being. The FG WITHHOLDS their money illegally and this would have been settled long ago but for PDP manouevres. Otherwise the courtd would enforce the constitution and the money will come to the governors from the CBN directly without touching her hands

Probes is all I see ooo

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pyyxxaro:


Bros , I be small pikin , I never chop since ytday

Eye de turn me self , fear nor let me sleep make I nor go dream see wiliwili

Thanks for the summary

Oh Boy, you be case o

Oko njo idi e ala is a criminal and a fellow criminal like her will soon quote me to attack me,you just watch

fat cheek biatch ... she sucked the country dry.. to think i put so much hope in that biatch

i believe in change, APC CHANGE

Even Oshiomhole don turn economist, can he or his new wife do any better.

pyyxxaro:
How person when never chop won read this textbook

The next person should plz summarize for me


Thanks

iara is doing Osho baba well well

FastShipping:
I read everything from top to bottom. Ngozi Okonjo Iweala must be held responsible for the gross misconduct in the handling of our economy. She is just an economist on paper. She is grossly incompetent and corrupt. A situation where a minister of finance could not attend important meetings with the governors or giving the governors oral presentation on the state of the economy is a sign of incompetence and corruption. She has never presented the governors with facts written in black and white. From what Oshiomohle wrote, Okonjo Iweala has been avoiding the governors because she has been found wanting. Okonjo Iweala has been giving out waivers after waivers to importers. She has been depleting national treasury since the beginning of this administration. Ultimately, she has been spending and borrowing like a drunken sailor.

On the issue of oil theft, Jonathan and his cabals are responsible for that. How can oil theft be going on our waterways while Jonathan pays billions of naira to militants to secure the place?

Okonjo Iweale must be probed, interrogated and jailed for her gross misconduct.

Thanks for the summary!
Take a bottle of your brand on my purse