Demdem:


The colored is the main crux of the matter. The foolish OP even went further to claim that the Budgeted subsidy funds by the NASS was from it.

adadadon:

didnt you see two other variations of due process in my comment you quoted??

obailala:
Stop diverting matters away... the more these things continue to be revealed, the more it painfully becomes clearer to even the blind that the Ota monkey was the best president Nigeria has ever had in terms of achievements.

Can you please explain how OBJ destroyed the economy?

Mogidi:


Stop going all tangential, I only replied your assertion that barcanista's threads are crappy.

barcanista:
It is clear that you don't know the meaning of budget and appropriation by the NASS. Smh...

Mogidi:


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

Fool, i surely hit a nerve no doubt

Demdem:


Liar, the witcchs puccy is making u deranged. Hear what the commissioners said..................


Finance commissioners from the 36 states of the federation have denied granting approval for the withdrawal of $2 billion from the Excess Crude Account (ECA) as alleged the former minister of finance and coordinating minister of the economy, Dr Ngozi Okonjo-Iweala.
Okonjo-Iweala had last week said that the Federation Account Allocation Committee (FAAC) approved the withdrawal of $2 billion from the ECA.
However, the Forum of Commissioners of Finance, a body comprising finance commissioners from the 36 states who are members of the FAAC, in a statement yesterday, said it was unaware of such approval, adding that the FAAC does not have powers to grant such approval.

“We wish to state unequivocally that the FAAC does not have the authority to approve withdrawals from the ECA and therefore could not have approved the withdrawal of the sum of $2 billion from the Excess Crude (Foreign) Account. According to the law setting up the FAAC, which pre-dates the ECA, it cannot approve withdrawal and has not done so in the past. If anything the FAAC, as records of it meetings indicate, had often queried the activities on the ECA, and therefore did not decide any withdrawal,” the statement reads in part.

The commissioners stated that “indeed, the FAAC noted and observed accordingly the withdrawal from the ECA of a total sum of $2 billion in December.
“The then minister of finance and chairman of the FAAC when asked during the plenary of the FAAC meetings of the respective months explained that the former president gave approval for the withdrawals from the ECA to pay oil marketers subsidy claims as they had threaten to stop importing petroleum products. According to her, he further explained that this action will be ratified by NEC.”

Mogidi:

Thought I instructed you to go join your fellow plebs?

PassingShot:

You're as confused as the protection seeker indeed!

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.
Sometimes you people can be funny. Which laid down law was broken? Which Code of Conduct? No law was broken....If any, state the law! Were they aware of the withdrawal or not? Did they protest after the first and second withdrawal? Did they protest when the balance sheet was read in January? The money was more of National interests and done by a constitutedd authority. The States should leave NOI or Go to court.

Mogidi:


What happened to the $16b OBJ spent on the energy sector?

Mogidi:

The embolden is why no rationale person debates with you.

The irony of this is when a confirmed deranged fool is claiming he is a rationale person.
SO u think i am interested in debating with Morrons like u eh

barcanista:
Yar'adua inherited $20billion ECA nobody asked him or any of his ministers why the ECA dropped to $6.5 billion. Jonathan inherited $6.5billion and managed to leave behind $2billion despite the fact that the governors were so much on his neck. The explanation of the ECA under Jonathan is not a secret affair. Can that be said of Yar'adua and Obasanjo? Can that be said of the Governors?

Mogidi:
Barcanista's articles, the only article read by Femi and Garba.

Wow!!
What an article.
I heard from reliable sources on Twitter that when Femi Adesina visits Nairaland he only comes to read barcanista's article.
Judging from the above, its in his interest to read barcanista's article.




cc: Femi Adesina, Garba Shehu.

Is this true?

Mogidi:

The embolden is why no rationale person debates with you.

MizMyColi:


Is this true?

barcanista:
It won't be bad to brush your comprehension and understanding skills. I said the FAAC was pre-informed that the Government is to withdraw $2b in early Nov.

Goon, ur spinning capability is fast becoming dusty. is this due to jonah-daft loss?
Pre-informed means Before the deed was done...................before the withdrawal. Can u substantiate this?
What the commisoners said was they were informed after the deed was done and not before.
Even at that, what is the FAAC business with ECA? She attends NEC, that was the right place to get approval from

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.

adadadon:
[/s][s]
The FAAC denied giving approval for the withdrawal, what is the essence of a notice when it cannot be approved

Mogidi:


Femi and Garba are alerted any time a barcanista thread hits the frontpage, his lackeys here makes sure he knows.
I sent barcanista a message telling him of this development last week.

MizMyColi:


Their cup of mandarin tea then.
I could care less whether they read or not.
[size=13pt]They should stop taking Nigerians for a ride and get down to the real business of governance.[/size]

barcanista:
It won't be bad to brush your comprehension and understanding skills. I said the FAAC was pre-informed that the Government is to withdraw $2b in early Nov. The FAAC was also informed in Early december when about $1billion was withdrawn and again informed in early January after another $1billion was withdrawn. Did anyone tell you that the FAAC "approved"?

Mogidi:


Femi and Adesina are alerted any time a barcanista thread hits the frontpage, his lackeys here makes sure he knows.
I sent barcanista a message telling him of this development last week.

PassingShot:

Stop exposing your hollow brain. The FAAC was meant to grant approval before any money could be taken from ECA. Just "informing" them was never going to excuse this daylight robbery of GEJ and NOI.

barcanista:
Bros I no see the mail o Make Adesina come to pay for subscription hehe

Mogidi:


And what was their reaction when informed, were they against it?

barcanista:
try use common sense na. As at August 2010 the ECA was meagre N450 million (N70billion). Where do you think the N6.21 trillion shared between 2011 and 2014 came from? Where do yu think the $2billion used for subsidy and balance $2billion come from? How can you say GEJ didn't generate then? Na common sense thing... How much did Yar'adua remain $6.5 billion which is just slightly above N1trillion. Common sense should tell you that all the N6.21trillion was generated by GEJ in addition to the $2billion leftover and $2billion used for subsidy.

PassingShot:

If it was reported (by NOI and FAAC) they didn't give their approval, do you still need anyone to tell you they were against it?

Seriously smh for you!

Mogidi:


Must have sent it to the wrong addy then.
Be aware Adesina/Garba are probably here now as guest.