₦airaland Forum

Whynotthetruth:
FG is sole signatory to ECA account...

From where do you expect subsidy money to come from because it is a national project...

[s]And I don't know how many times this would he said here...for it to enter your head...ECA is not subject to any law whatsoever...

Whynotthetruth:
Instead of learning and moving on...you rather went to pen down this epistle...to what end and use bro...smh...

989900:
Ironically, 'learning' is one thing you are actually very poor at. On a second note, going through all your comments so far, they all have one thing in common—grammatical flaws!

BTW, like I stated earlier, you've still not worked on your ellipses and construction of grammar. Come back when you have . . . since you're more interested in making this 'go grammar'.


#tiringalready

Whynotthetruth:
smh...

adadadon:
[/s]
Are you dumb that's what i said

Truth234:
how was Obasanjo administration able to saved $20 billion in ECA and yet all Yar'adua led Jonathan administration was doing is depletion of the ECA without replenishing?

Your analysis emphasized how the $6.5 billion ECA left by Yar'adua administration was shared you didn't mention how much was generated in revenue during GEJ administration. please I will like to know why was GEJ administration sharing what was left of our ECA when oil price peaked above $100 for the first time?

vivaciousvivi:
barcanista my good friend, I see you are out of hyper hibernation.
Where did all that copy and paste work come from i your initial post?

zurine:
Barcanista... you truly are a genius.

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 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:
It is also important to Note the following....

1. The two Governors that led their colleagues to demand for the sharing of the ECA since 2008 are APC members (Bukola Saraki and Rotimi Amaechi).

2. The Accountant General of the Federation (AGF) pre-2011 was Ibrahim Dankwambo, the incumbent Governor of Gombe state.

3. The ACN/CPC/APC Never said anything against the Governors. In fact, their members was at the forefront for the sharing of the ECA. Not even Buhari or Lai Muhammed supported the FG. Where were they?

4. APC Governor Samuel Ortom of Benue state was a Minister between 2011 and late 2014 under GEJ's administration. Was he sleeping when all these were going on?

joseph1832:
Why should they settle out of court in the first-place? The money being kept is meant for 'a' rainy day, the governors saying they should share the money and the FG obliging without so much as a fight shows there is something amiss here.

If you ask me, I will say its all the basic PDP mantra of "share the money". The ground that the ECA was meant for 'a' rainy day would have suffice in court should the FG held their ground.

I'll like to see these present crop of governors demand to share the ECA now that we have a PMB as president. let's see if it will be business as usual.

biafranqueen:
Your tooooo muuuuch!!!!!

obailala:
Oh my God!.. not again!.... Did you say Railway system?... refurbished 1960 trains is what you call a working rail system?.. How does refurbishing 1960 rail tracks account for the monumental drop in foreign reserves and other funds when the country experienced massive oil boom?

Good roads where?... Benin Ore road?... Where were you before 1999 before Obj came to power?... Are you aware that that same road was fixed all the way from Warri up to Okada (after Benin) before Obj handed over?... Are you aware that OBj even built the 'brand new' Benin by-pass which helps travellers to totally avoid the massive traffic they experience inside benin city?... Jonathan fixed a stretch of the road on the approach to Ore and this was commissioned as a massive achievement, meanwhile it was someone else who built the entire road in the past.

Or is it the Abuja roads or the east-west road?.. kindly mention the road that was started or completed by GEJ in the entire nation for him to claim that he gave Nigerians good roads?... Propaganda is such a terrible brainwasher and a destroyer of minds. It still surprises me that the juju placed on Nigerians in terms of believing GEJ did plenty roads has still not cleared up till now from the eyes of some people.

No new industries?... Are you aware of the massive employment created by the telecommunications and the banking industry under OBJ?... Are you aware that OBJ single handedly gave Nigeria a middle class?.... If only OBJ decided to deceive himself and advertise his achievements with half the kind of media and publicity GEJ employed, we would have still had billboards of his endless achievements still mounted on Mars.

As for Power generation, can you mention how many megawatts of electricity GEJ added to Nigeria in his entire 5 years?.... And also, can you please name a single power plant which was started by GEJ?... Are you aware that even up till 2015, all the power plants commissioned by GEJ are actually projects started by OBJ and progressed to an advanced stage before they were abandoned by their contractors who looted the remaining monies?... Are you aware that those projects were funded by the same $16billion dollars we accuse OBJ of squandering?... Now this may be a big one, are you aware that GEJ spent more than the $16billion which OBj spent for power, but this was even after the power plants were all privatised but still yet, we could not still get up to an additional 1000mw in his entire tenure... and this my friend is what you want to compare to OBJ?... How can people so easily allow themselves to be deceived by these senseless lies?... Tell me please, what did GEJ do for power generation?

You say GEJ built 12 new universities but are you aware it was mainly more of 'upgrades' and not necessarily new institutions?... They convert polytechnics, college of educations etc to universities, all that was done was a change of name and I am still yet to understand how that accounts for the several billions of dollars lost from our foreign reserves at a period of unprecedented economic boom when we should have had increases in our reserves.

I just still cannot fathom how any one at all can still think that GEJ was a good or a better president than OBJ even with all the shortcomings which are very obvious. In terms of handling the economy and increasing GDP, OBJ beat GEJ (remember it is the telecommunications industry of OBJ that led to Nigeria overtaking SA in terms of GDP). In terms of job creation, OBJ beat GEJ totally. In terms of adding to our power generation, OBJ beat GEJ hands down (how I wish a similar power probe will be instituted to expose the monumental waste in the power sector in the last 5 years). The only area GEJ may have beaten OBJ is in aiculture and lest I forget, in the proliferation of corruption - GEJ was weak and indecisive and for this reason, everyone under and around him kept looting Nigeria blind without GEJ batting an eyelid or probing a single person.

I just pray God opens your eyes to see this one day.

joseph1832:
Why should they settle out of court in the first-place? The money being kept is meant for 'a' rainy day, the governors saying they should share the money and the FG obliging without so much as a fight shows there is something amiss here.

If you ask me, I will say its all the basic PDP mantra of "share the money". The ground that the ECA was meant for 'a' rainy day would have suffice in court should the FG held their ground.

I'll like to see these present crop of governors demand to share the ECA now that we have a PMB as president. let's see if it will be business as usual.

barcanista:
Dece 17 2014: FG informed FAAC on $1b drop in ECA
www.businessdayonline.com/2014/12/nigerias-revenue-again-slumps-n36-6bn-as-eca-depletes-to-3-1bn/

As for your "number 2" question it is answered in the write up! I don't spread lies

doggskull:
With all this research one would think Bacanista should

know that FAAC lacks the power to approve
so yes you can share money at FAAC but
but only NEC can APPROVE ECA & SWF.A look at relevant laws would have pointes this out to you Baca

in case the ECA is illegal by law(i.e not backed by law) so need to carry governors through NEC

.I'm curious.Why didnt

you provide thelaws or legal approving authority for spending ECA?

citizenY:
Why are you so dense? Barca gave a chronology of events which does not show where the plenary of the FAAC agreed to the withdrawal of $2billion. In effect the action was taken without approval. This is the issue.
In his usual manner of playing to the gallery, Barca has unfortunately, by default, illustrated the profligacy of the Jonathan era,which is not his original intention . So what is he defending?

We now know those who come to Nairaland and leave with empty heads. Mogidi is one of them.

barcanista:
June 23, 2015
"President Muhammadu Buhari, on Tuesday set up a committee headed by Vice President Yemi Osinbajo, to examine the possibility of sharing money from the Excess Crude Account, between the federal and state governments to ensure payment of salaries."
www.premiumtimesng.com/news/top-news/185575-salary-crisis-buhari-names-committee-to-consider-sharing-excess-oil-money.html

Will you keep quiet now?

Bevista:
When there is a collusion of fraud, there is generally going to be a conspiracy of silence. It does not mean that there is no infraction of the law. If all the governors and the presidency are on the same page, they can perpetuate illegality without anyone complaining.

Have you not watched many legislative sessions where NASS members complained about spending by ministries and parastatals without appropriation? The CBN and the NNPC are typical examples. How did the presidency spend over N1.6T in 2011 for subsidy payments without appropriation.

Finally, you can make your point politely without referring to my comment as 'misyarning'.

joseph1832:
Barcanista you are indeed a political prostitute and no! I will not keep quiet!. Doesn't the embolden signify that the sharing of money from the ECA by PMB was meant for the payment of salaries, not for the state governors to share and nobody knows what happened to the money shared?.

If you ask me, this is a very justifiable course for the sharing of the ECA because as one of your carpetbaggers said, "the ECA is meant for a rainy day". So please, since you were so kind in providing this link that shows that PMB really know what he is doing, kindly provide the link to the suit/case numbers filed by the state governors suing the FG to share the ECA during Yar'Adua and GEJ administration.

Whynotthetruth, the reason why I didn't reply you was because you said you will never mention me again, alas, you did. So please observe my silence for my silence, must be heard!.

joseph1832:
Barcanista you are indeed a political prostitute and no! I will not keep quiet!. Doesn't the embolden signify that the sharing of money from the ECA by PMB was meant for the payment of salaries, not for the state governors to share and nobody knows what happened to the money shared?.

If you ask me, this is a very justifiable course for the sharing of the ECA because as one of your carpetbaggers said, "the ECA is meant for a rainy day". So please, since you were so kind in providing this link that shows that PMB really know what he is doing, kindly provide the link to the suit/case numbers filed by the state governors suing the FG to share the ECA during Yar'Adua and GEJ administration.

Whynotthetruth, the reason why I didn't reply you was because you said you will never mention me again, alas, you did. So please observe my silence for my silence, must be heard!.

Presidential spokesperson, Femi Adesina, who described the reports as “incorrect”, clarified that the ECA balance was intact, as the funds were drawn from share of the dividend paid to the Federation Account by the NLNG as part of measures by President Buhari to deal with the problem of unpaid public sector salaries in many states.

The other measure adopted by the President on the issue, Mr. Adesina said, include a Central Bank-packaged special intervention fund that would offer financing to the states, ranging from N250 billion to N300 billion in the form of soft loan to enable the states pay backlog of salaries.

Besides, he said a debt relief programme designed by the Debt Management Office (DMO) was also in the pipeline to help states restructure their commercial loans currently put at over N660 bn, and extend the life span of such loans, while reducing their debt-servicing expenditures.
“The measures approved by President Buhari definitely do not include drawing down the remaining balance in the Excess Crude Account or the “liquidation” of the account as some media outlets have wrongly reported,” Mr. Adesina explained.

“No such decision has been taken or approved by President Buhari, and last week’s meeting of the National Economic Council clearly concluded that the Excess Crude Account should be left untouched at this time,” he added.

Whynotthetruth:
You're a stuupid man...weren't you the pig spamming my mention earlier today?...

can you see the mental capacity of people you're reasoning with...Does buhari has any right or authority over allocation to states?...He simply shares the funds and the governor is free to waste same...it is only the state assembly that can impeach him that's if they aren't on his pocket...Since when did Buhari start stating to governors what their constitutional allocations should be used for?...Why should he provide you suit number and link?...search for it if you need it otherwise fuuk off

989900:
The truth is here (below): pay less attention to those bu.tt hurt propagandists .



http://www.premiumtimesng.com/news/top-news/186231-presidency-says-bailout-to-states-drawn-from-nlng-dividends-says-excess-crude-fund-intact.html

https://www.thecable.ng/buhari-not-touched-eca-says-presidency

joseph1832:
On the contrary you were the mofo who said I will be ignored! So why complain that I'm spamming your mention? Or don't you understand the meaning of 'ignore' anymore? Mr 'teacher no teach me nonsense'.

fisaylab:
The question is,is the spending documented,why crying unnecessarily.your madam shall be investigate wheather u like it or not.

Whynotthetruth:
What's your point man?

Akinz0126:
Abeg somebody should pls clerify me because am confused don't even know whom to believe anymore.