joseph1832:

What has governors being stake holders in the polity got to do with anything? Are you, me and your fellow vaudeville of pundits and carpetbaggers not stake holders also? Did the shared money get into our private accounts?.

Please elucidate on this your stake holder jibe. I want to fully understand it bro.

[size=15pt]Governors demand release of one billion dollars from Excess Crude Account[/size]
The Deputy Governor of Sokoto, Alhaji Mukhtar Shagari, disclosed this while briefing State House correspondents on the outcome of the National Economic Council (NEC) meeting at the Presidential Villa, Abuja.

The NEC is the highest economic decision making body presided over by the Vice President with all the governors, Minister of FCT and some key ministers as members.
Mr. Shagari said that though they were aware of a pending Supreme Court case on the excess crude account, they would discuss with the Federal Government on how the money could be released.

nduchucks:
What the OP itemized is essentially not germane to the recent question of whether GEJ and Iweala broke the law by withdrawing $2bn Excess Crude Fund without FAAC approval as required by law.

The OP's submission is nothing but red herring and irrelevant to the criminal activities of GEJ and Iweala - the illegal withdrawal of the said $2billion.

By the time all is said and done, madam and GEJ will have to give an account of which companies got paid and how much. We'll also find out how much of that money was used to finance GEJ's election. Barawo banza

PassingShot:

Stop wailing! They plunged Nigeria into the unimaginable mess we now find ourselves even though we should have no business being in this current state.

And it is hypocrites like you who would want PMB to solve the problems created in sixteen years of PDP rule, just in 5 weeks.

barcanista:
Payment of subsidy claims isn't a secret deal...The Ministry of Finance, Petroleum and CBN have the documents. Buhari should ask the Permament Secretaries and CBN Gov. If your Governors are unsatisfied they should Go To Court

Protection seeker has open another dubious thread. Subsidy claims paid from ECA
He earlier claimed the below..........

barcanista:
Subsidy was appropriated for in the budget my brother.

Demdem:


Protection Seeker, was the "Budgeted" Subsidy funds expected to come from the ECA? Did the NASS appropriated what the ECA will be used for?

barcanista:
Oga wetin you de talk? Subsidy payment that was appropriated by NASS was mafe and yu are talking gibberish

shachris02:


the question is, why did she have to make extra withdrawal from ECA for subsidy payment that was approved by NASS, without getting authorization from FAAC?

barcanista:
Oga which extra withdrawal? NASS don't tell Executive where to collect money...it isn't their business. They only approve spending wrt the overall budget. How the executive get their money is not part of their mandate. NASS made provision for subsidy in the budget, the government paid for the subsidy from the ECA, how does that become "extra withdrawal"?

Seriously, only an eternal Fool takes the Protection Seeker serious.

MabraO:



So during d 5 years regime of Jonah daft Nigeria didn't earn anything from oil
Except to deplete d savings of obj nd d remains of yaradua
Wot a wasteful government
Only in Nigeria governor hold d president to ransom.
I shake my heard

barcanista:
Which law was broken? Oga NO law was broken and it appears like you have comprehension issues. There was nothing like "illegal" withdrawal, I challenge you to state the relevant laws that was broken. Did all that happen in one day? Were the Governors smoking weed when about a billion was withdrawn in November and another in December? Were they in Limbo when it was announced in January? Payment of subsidy claims isn't a secret deal...The Ministry of Finance, Petroleum and CBN have the documents. Buhari should ask the Permament Secretaries and CBN Gov. If your Governors are unsatisfied they should Go To Court

PassingShot:

What is in that article?

Crappy and very watery which is only capable of deceiving gullible ones like you.

Demdem:


Protection seeker has open another dubious thread. Subsidy claims paid from ECA
He earlier claimed the below..........



And we asked him...........




He didnt respond, he instead repeated his stupidity..........




He was again asked............




He responded with even a more foolish response..................




Seriously, only an eternal Fool takes the Protection Seeker serious.

Demdem:


Protection seeker has open another dubious thread. Subsidy claims paid from ECA
He earlier claimed the below..........



And we asked him...........




He didnt respond, he instead repeated his stupidity..........




He was again asked............




He responded with even a more foolish response..................




Seriously, only an eternal Fool takes the Protection Seeker serious.

IbokUtoroh:

do u knw d meaning of due process?

otokx:
One thing with a liar is that the person will keep giving different answers to the same question.

You will soon be shocked when the oil marketers say they never received such money, then Ngozi will say God is my witness because she may have no proof of GEJ instructing her.

A lot of money was shared in this last election, it had to come from somewhere.

Ngozi should have kept quiet all this while instead of going to engage Oga Oshiomole who has a better reputation nationally. The man set was even gracious in his choice of words.

Mogidi:


Go back to the ediots section you fagg..got.

barcanista:
I will rather you say "FG Withdrawal" and not NOI withdrawal.

otokx:
One thing with a liar is that the person will keep giving different answers to the same question.

You will soon be shocked when the oil marketers say they never received such money, then Ngozi will say God is my witness because she may have no proof of GEJ instructing her.

A lot of money was shared in this last election, it had to come from somewhere.

Ngozi should have kept quiet all this while instead of going to engage [size=15pt]Oga Oshiomole who has a better reputation nationally[/size]. The man was even gracious in his choice of words when trying to respond to her diversionary tactics which is what you Barcanista is still trying to do.

It is illegal to take money meant for 3 tiers of government and use.

barcanista:
Did any marketer tell you that the position of Madam NOI was false? Is Oshiomole even arguin that it was false? Smh

adadadon:
no I don't
Pray tell?

Mogidi:


So crappy you follow @barcanista at every turn, yeah very crappy.

Bevista:
FAAC is a committee of State commissioners of Finance and the Finance Minister. They do not have authority to approve withdrawal from ECA. It is only the National Executive Council (NEC) which comprises of State Governors and the President that has such authority.

Secondly, subsidy payments should be properly appropriated by NASS, and not at the discretion of FAAC or the presidency.

Mogidi:


This is where my problem lies with APC, their gullible supporters don't remember the above.

Demdem:
Prof Soludo to Ngozi............The Bitchh never responded



I hereby challenge your attempt to blame others for not saving for the rainy day. It is not a virtue when you are quick to appropriate all the credit when things are going well, but shift the blame when they go wrong. You blame the state governors— who, according to you, have taken the Federal Government to the Supreme Court—not that a Supreme Court judgment forced your hands. For your information, the governors have never agreed to savings and always threatened court action even under Obasanjo. Why did we save under Obasanjo but not under Jonathan? Two keywords explain it: leadership and integrity. Governor Amaechi said the governors insisted on sharing the funds because they found out that you were illegally fiddling with the savings. So, as Nigerians still wonder, if billions of dollars are now ‘missing’ under your nose, why should governors trust you to keep their money? Do the states that have taken the federal government to the Supreme Court and refused to save also include the PDP governors—who are in the majority? If so, then it is fatal: even governors of your own party, PDP, do not trust you to keep their money! Furthermore, did the governors also stop the Federal Government from saving part of its share? If you ran a surplus budget at the Federal level, you would have had credibility to blame others or to say they did not listen to your advice. The key point is that since you were running huge deficits yourself, it was also in your own interest to share the ECA. You did not show leadership or credibility, full stop!

Demdem:


Before May 29, what is the difference? are u ok?

obailala:

Now something striking was revealed in this your research. So you mean OBJ actually saved ECA funds of up to $20billion? Wow!

OBJ met a nation with a foreign reserve of $5.4billion but he grew this figure to well over $40billion by the time he left office. He also saved ECA funds of $20billion and this same man also paid off Nigeria's external debt of $12billion (after negotiating it down from over $30billion in his numerous foreign trips). Lest I forget, the average oil price in the tenure of OBJ was $38 per barrel as against the $100 per barrel average in the reign of GEJ.

Meanwhile, Obasanjo who achieved the above is the same man we all called (and still call) 'useless thief' and Ota monkey while we go ahead to defend, praise, glorify and immortalise his successors who crashed our entire reserves in a space of 5 years when we had an economic boom. How can any right thinking society do this?... why is the black man like this for God's sake?

I have learnt a lesson in life that it takes you to meet a devil before you can truly identify who the angels are. OBJ deserves an apology from Nigerians.

Mogidi:

"Better reputation" shouldn't be used in the same sentence when referring to Oshiomhole.
NOI is a world renowned economist of world bank fame.
Her services are sought for worldwide, Oshiomhole on the other hand is a glorified NURTW activist turned governor.

PassingShot:

You're a kid obviously. Posting on threads is my prerogative and I exercise that as I like for different reasons.

Do you post on my threads or not? Does the protection seeker post on my threads or not?

Wailing wailers!

barcanista:
FAAC was pre-informed simple and the withdrawal wasn't done in one swoop. It was done in phases and the FG under GEJ informed the FAAC after every withdrawal.

IbokUtoroh:

so y shout dey didnt follow due process when u dont knw what due process entails?

Mogidi:


Why won't the fed govt settle out of court, are governors not stake holders in the Nigerian project?

obailala:

Now something striking was revealed in this your research. So you mean OBJ actually saved ECA funds of up to $20billion? Wow!

OBJ met a nation with a foreign reserve of $5.4billion but he grew this figure to well over $40billion by the time he left office. He also saved ECA funds of $20billion and this same man also paid off Nigeria's external debt of $12billion (after negotiating it down from over $30billion in his numerous foreign trips). Lest I forget, the average oil price in the tenure of OBJ was $38 per barrel as against the $100 per barrel average in the reign of GEJ.

Meanwhile, Obasanjo who achieved the above is the same man we all called (and still call) 'useless thief' and Ota monkey while we go ahead to defend, praise, glorify and immortalise his successors who crashed our entire reserves in a space of 5 years when we had an economic boom. How can any right thinking society do this?... why is the black man like this for God's sake?

I have learnt a lesson in life that it takes you to meet a devil before you can truly identify who the angels are. OBJ deserves an apology from Nigerians.

PassingShot:

When I read the OP's half-truths, I always shake my head in disbelief.

How on earth can a sane person justify why $2 bn was taken fraudulently from the ECA without the agreement of joint-owners? Were the governors not right after all, for going to courts to stop the FG from operating the illegal accounts knowing fully well that GEJ/NOI were stealing from it?

Again, what happened with all monies earned by Jona when crude sold for $130 per barrel that they needed to "steal" from the SWF and ECA?

barcanista, you are a huge shame for trying to defend this fraud. You must be very corrupt in your soul to come up with this nonesense.

barcanista:
Oga, Obj destroyed Nigeria's economy. Yes he got debt relief and stuff but ask him what happened to the almost n2trillions that he spent on "power"? Ask him how he came about with the N7billion Presidential library. Ask him of PTDF funs and his Transcorp shares. Abeg leave metter jare

Mogidi:

Thought I instructed you to go join your fellow plebs?