₦airaland Forum

Goke7:
Just because he is waging a war against corruption abi?

maximilian19:
thank God u find out the truth, and the different, so next time don't show how low ur education value is.

luvinhubby:
Watching this govt patiently, much noise less action.

Borderless:
I hope the auditors will have some spare time to check the books of Edo State as well under the same period!

Bunch of jokers. Go remove the log in your own eyes rather than trying to remove the speck in someone else's eyes, 'Go and die' governor.

Yomieluv:
If its only GEJ administration he's probing,then it can be termed witch-hunting.

Let him probe all other predecessors of GEJ too,with that we can recover so many stolen funds.

IBB,Abacha,OBJ etc.

efilefun:
Anybody found wanting should be given same jail term those bankers were given yesterday (91 years imprisonment) so others would seat tight and know STEALING is now CORRUPTION

Yomieluv:
If its only GEJ administration he's probing,then it can be termed witch-hunting.

Let him probe all other predecessors of GEJ too,with that we can recover so many stolen funds.

IBB,Abacha,OBJ etc.

omowolewa:
It really good and timely.

But why must the forensic audit be performed by foreign firms only, where is the local content act preached by our government. Must it be foreign always.

How can we appreciate naira when the government gave us the impression that the best can only be foreign.

How can we appreciate Nigerian education when our government made us believe the best should only be imported.

londongal03:
By Emma Ujah, Abuja Bureau Chief, & Emmanuel Elebeke
ABUJA — A total probe of the administration run by immediate past president, Dr Goodluck Ebele Jonathan is underway as the National Economic Council, NEC, Ad-hoc Committee on the Management of Excess Crude Account Proceeds and Accruals into the Federation Account, headed by the Governor of Edo State, Mr. Adams Oshiomhole, is to hire two international forensic audit firms to probe revenue that accrued into the Federation Account and how it was spent under former Dr Goodluck Jonathan as President.

Mr. Oshiomhole told journalists at the end of the first meeting of the committee in Abuja, yesterday that the auditors would cover the period January 1, 2010 to June 1, 2015.

It put paid to calls by the opposition Peoples’ Democratic Party, PDP, that Buhari should extend his probe to the administrations of Jonathan’s predecessors, Alh. Umaru Yar’ Adua.and Chief Olusegun Obasanjo.
President Goodluck Jonathan and Gen. Muhammadu Buhari

President Goodluck Jonathan and Gen. Muhammadu Buhari



Already, some revenue generating agencies have been invited to brief the committee which will take detailed briefings from all Ministries, Departments and Agencies, MDAs of the Federal Government that deal directly with revenue.

The focus will be on the Nigerian National Petroleum Corporation, NNPC, the Nigeria Customs Service, the Central bank of Nigeria, the Nigeria Extractive Industries Transparency Initiative, NEITI, among others.

Other members of the committee included Gov. Nasir Ahmed El-Rufai of Kaduna State, Ibrahim Dankwambo of Gombe, and Udom Emmanuel of Akwa Ibom.

He said that the committee did not want its actions to be bogged down by political interpretations and that the members were not professionals. Even if they were professionals, he said that their duties as governors would not allow them the time to do a thorough work.

His words, “We held our first primary session today here with some of the revenue generating agencies that are supposed to remit funds to the federation account. We had a successful session with Customs, NPA, NEITI, SEC, FIRS, and quite a number of others and next week we will also hear from CBN, Ministry of Finance, Office of the Accountant-General of the Federation.

For the remaining ones, we agree we are going to meet on Thursday next week, NNPC, NPDC, DPR, NIMASA and other remaining agencies.

We have started the work, with the idea to hear them out, what they have been doing, with particular emphasis on revenue accruing from these organizations and whether or not these have been remitted to the Federation Account for judicious distribution.

His words: “We realised that this is a task and given our mandate, even if we were professional accountants because we are sitting governors, we would not have the time to do a forensic audit which this assignment entails.

“Therefore, we have agreed in line with our mandate to appoint two reputable international audit firms to carry out a thorough forensic audit, not only of NNPC, which is more of excess crude, but other monies that accrued to the Federation Accounts. We have other revenues like bonuses, royalties, taxes, VAT that flow into the Federation Account.

“We are taking a holistic review of the entire process, looking at all the agencies that make contribution of funds to the federation account.

We are convinced that by appointing audit firms, we will allow professionals to carry out this exercise, so that it will be free of any political colouration and also we will ensure the outcome of the investigation will.

“We have learned, we have listened and asked questions. I think we all have a clear picture of what is happening in those organizations before now. Some have information to supply and we have drawn attention to those areas, they are willing to oblige. We believe in the end, we will be able to not just establish what had happened over the period but much more important, going forward with the changes the President has promised the country.

“It is not going to be business as usual. He started on a clean slate and everybody knows the new rules of the game and in particular as the laws apply to the various institutions are implemented in full. So I think we started very well. We are very confident that we are going to come out with something that is going to be of immense benefits to the Nigerian people”.

On the rationale for embarking on another audit report with regards to the alleged missing funds, he said “Some reports were produced by PWC but in that report the PWC expressed their frustration and pointed to the fact that they were not able to access all the information they needed and that what they were able to produce was to the extent of information that was made available to them.”

He added: “Audit can only be credible as much as information that was made available to auditors. The good news now is that with President Buhari, all the books will be open, no agency has any protection. Any agency that refuses to open the books then is ready to go on confrontation with the authority.

“The forensic audit will act on the whole truth and nothing but the truth so that all stakeholders will have basis to formulate good policies and that Nigeria will never find itself in this circle where huge sums of money are allegedly diverted and unaccounted for. Audit has become a way of life for all public institutions.”

On the duration of the audit exercise, Oshiomhole explained that the committee had looked at it professionally. “We are focusing on a five year circle. What we have agreed is that we are going to carry out an audit for five years from 1st January 2010 to 30th June 2015.

“If the audit report reveals that we need to go backward, then we can do that. But for the first instance, this is the period that we consider good.

“We can’t impose a time frame on them but will engage them and by Thursday we will be able to make it public. We need to listen to them and agreed with them on how much time will be okay for them. We are all in a hurry to ensure that the right thing is done. The emphasis is not on time but doing thorough job.

“By next week we will meet with the big ones and we will then be able to tell you the audit firms that we have appointed. They are firms I am sure Nigerians will have confidence in.

“At the end of the audit we will hear them out and reconcile them with what the laws says and arrive at a position. Given the volume of work and complicated nature of issues, we agreed we need professionals to carry out the audit. It is only the professionals that can handle it. It is not good to compromise”.
- See more at: http://www.vanguardngr.com/2015/08/buhari-begins-total-probe-of-jonathans-govt/#sthash.kvm3aCkr.dpuf

omowolewa:
It really good and timely.

But why must the forensic audit be performed by foreign firms only, where is the local content act preached by our government. Must it be foreign always.

How can we appreciate naira when the government gave us the impression that the best can only be foreign.

How can we appreciate Nigerian education when our government made us believe the best should only be imported.

rman:
Can you imagine? A poor young man with no hope for the future is will to go to war because the government is willing to probe corrupt leaders and he feels it may affect his kinsmen.

See how twisted and backwards the Nigerian mind can be?

In one breath they claim some particular people are not corrupt, in other they threatened fire and brimstone if this incorruptible individuals are probe. Is that sensible?

omowolewa:
It really good and timely.

But why must the forensic audit be performed by foreign firms only, where is the local content act preached by our government. Must it be foreign always.

How can we appreciate naira when the government gave us the impression that the best can only be foreign.

How can we appreciate Nigerian education when our government made us believe the best should only be imported.

maestroferddi:
Nigerians are so gullible.

Buhari and his government is just buying time having been found out on the unrealistic electoral promises that ushered them to power.

This hoopla of a probe that took off with media trials of supposed culprits is nothing but a diversionary tactic.

Nothing meaningful will come out of it because it will not be holistic. If Buhari is serious, he should initiate the probe from 1999.

Besides, the findings of this so-called probe will only set off recriminations and counter-probes. Most of the actors of the past administration are still around, so we expect them to come up with their own positions.

At the end of the day, the whole exercise would become a game of musical chairs.

Propaganda is on trial with APC...

IdJack:
I have heard... Remember to probe past administration, according to GEJ otherwise it will be seen as political witch hunt

Dorrobucci:
.

So nigerians should just forget the funds the past administration stole right?... Interesting!

Goke7:
what if at the end of the exercise, we recover all stolen funds in the last five years, will you have heart attack? why are you Looking at it from one side or are you with some of our money? Speak now or hereafter hold your peace

Neduzze5:
I smell witch hunting!

What happens to starting the probe with Obasanjo and Yaradua's tenure before getting to Jonathan's tenure.

At least, there was the heavily scandalized Haliburton backyard deal.... Atiku and OBJ gat a lot of questions to answer!!

Neduzze5:
I smell witch hunting!

What happens to starting the probe with Obasanjo and Yaradua's tenure before getting to Jonathan's tenure.

At least, there was the heavily scandalized Haliburton backyard deal.... Atiku and OBJ gat a lot of questions to answer!!

maestroferddi:
Don't be so simple-minded.

There are smarter ways Buhari can adopt if he wants to achieve success instead of the cheap popularity he is hankering for.

He can do a silent investigation and negotiate with those who stole funds to return same.

A practical person like Obasanjo employed plea bargaining to recover funds looted by Abacha and his cronies.

Goke7:
@the bolded, my brother that is what Buhari has been doing o but is he getting the required cooperation? are you not aware of those who have been saying that they are sick, looking for their drugs or doing operation somewhere abi which smarter way again, the man simply wants guys to return stolen money but they've been everywhere in the media shouting witch-hunt, abeg we are not fooled.

maestroferddi:
Buhari needs to assert his authority in a manner that epitomises broad-mindedness.

What we are seeing now is some semblance of retaliatory and reactionary attempts directed at perceived adversaries.

Buhari should learn from history: Nelson Mandela achieved political sainthood for having the foresight to refrain from hounding his persecutors and detractors during the apartheid regime when he took over the mantle of leadership in South Africa.

Instead we are a scenario where Buhari and some hawks in APC are hiding under the guise of probe to wage a war of vendetta.

I fear for the backlash awaiting Buhari should he fritter the goodwill he presently enjoys with Nigerians...

Yomieluv:
If its only GEJ administration he's probing,then it can be termed witch-hunting.

Let him probe all other predecessors of GEJ too,with that we can recover so many stolen funds.

IBB,Abacha,OBJ etc.

Yomieluv:
If its only GEJ administration he's probing,then it can be termed witch-hunting.

Let him probe all other predecessors of GEJ too,with that we can recover so many stolen funds.

IBB,Abacha,OBJ etc.

Neduzze5:
I smell witch hunting!

What happens to starting the probe with Obasanjo and Yaradua's tenure before getting to Jonathan's tenure.

At least, there was the heavily scandalized Haliburton backyard deal.... Atiku and OBJ gat a lot of questions to answer!!