TheGoodJoe:


When were they on her neck?

When she took the first one billion dollars or the second one billion dollars from the ECA?

It was after she removed two billion dollars from the ECA, the Governors could not take it anymore.

TheGoodJoe:


Six percent growth on paper. If we were growing six percent as you say, why were our reserves depleting and Ngozi Okonjo-Iweala withdrawing from the ECA.

omenka:
Let me ask you a simple question in the hope that you give me an honest straightforward answer: what exactly can we hold NOI and Jonathan accountable for in he last admin?

FG, States, LGs Share N568.4 Billion for Oct



[img]http://cdn1.vanguardngr.com/wp-content/uploads/2015/09/412x247xOkonjo-Iweala-e1442838220305.jpg.pagespeed.ic.nz-K0adxSv.webp[/img]



Also, $1billion was proposed for distribution to complement shortfall in expected revenue." The $1billion is a compromise by the FG over its words in September not to augment shortfalls anymore.

Responding to the presentation, the chairman of the States Commissioners of Finance and Ebonyi State Commissioner of Finance, Mr Timothy Odaah, lamented that the statutory allocation was getting smaller and smaller. "It appears this is the worst in terms of returns. This is the least in allocations as far as this year is concerned. We are mourning the dearth of funds and this is a wakeup call for states and local governments to buoy up their internally generated revenue."

While appreciating the "magnanimity" of President Goodluck Jonathan to approve the $1billion from the excess crude account and to be shared among the federal, state and local governments, Odaah expressed disappointment with the returns made by the NNPC.

He said that [size=14pt]the states had requested for $2bn[/size] to complement for the shortfall in revenue but got only $1billion. In September, Odaah and fellow commissioners had walked out of the Accountant General of the Federation (AGF) when the federal government said that the framework of the 2013 budget was no longer realistic and it won't augment shortfall in revenue. Odaah raised issues with the statutory allocations of previous months.

More from: http://allafrica.com/stories/201311150323.html

9jatatafo:


I feel the blame should be collective

maupe:

I guess you also bought fuel on paper back then

Nusaf:

NOI was the Co-ordinating Minister of the Economy while GEJ was the President. So they are to take responsibility.

anonimi:
Reminder for those who may want to forget.

maupe:


Obama has already nominated Merrick Garland, but the Congress has refused to give him a hearing, not to talk of a confirmation. In 1989 President George Bush Snr got elected on the basis that he would cut taxes, but when the congress became dominated by Democrats, they made sure that he could not accomplish this. At the next election, he lost to Bill Clinton, for failing to fulfil his promise. Did he lack political will. Infact he went on live tv shortly after his election, and stated the famous "READ MY LIPS, NO NEW TAXES" speech. Governance is not a bed of roses

TheGoodJoe:


Did I talk of Fuel? The economic growth figures were fake. The actions in the reserves and ECA showed the truth. The worst part was that we sold Crude over a $100. How she mismanaged such a windfall beats me.

maupe:

And they did. Something, that unfortunately, this current administration, has time and time again, failed to do.

maupe:

And the fuel you bought was simply methylated spirit. How your car was able to burn the fuel is indeed a mystery.

ChikezieU:
you are the clueless one, did he proposed for the money to be saved or not? Which people opposed it?

modath:


Una don start bah?

NOI talked about LACK OF WILL , check the meaning & "USAGE" before trying to engage in discuss far above your comprehension....

Amaechi, The all powerful arm twisted the 52% federal share out of Hero IB's control as well?

Like the ECA is even constitutional...

Abegiii, exit stage left with your Amaechi induced Paranoia.......

TheGoodJoe:
Reminder. This happened to the ECA before the Governors asked for theirs.

The FAAC meeting for November 2014 ended in confusion when the then Minister of State for Finance, Bashir Yuguda, could not explain how the balance in the ECA had dropped from $4.1 bn at the end of October to $3.1 bn.

http://www.premiumtimesng.com/news/top-news/186229-faac-disowns-okonjo-iweala-denies-approving-withdrawal-of-2bn-excess-crude-funds.html

AntiWailer:
Finally Bubu vindicated

Wailers can scream

Okonjo knew what they were doing was not sustainable.

She screamed in 2014

--Brace for tougher times ahead :
http://www.premiumtimesng.com/business/171145-brace-tougher-times-ahead-okonjo-iweala-tells-nigerians.html

--They borrowed money to pay salary
http://www.premiumtimesng.com/business/182543-nigerian-govt-borrowing-billions-to-pay-salaries-okonjo-iweala.html


Wailers know all these but when you mix tribal sentiment + political sentiment + religious sentiment , Brain disappears and you sit on Time Bomb.

To say they call people Zombie is very laughable because inability to use ones brain because of loyalty describes wailers better than anybody. They are the real ZOMBIE



One question for those blaming Governors for GEJ's failures "

How did we save Under Obasanjo ? You can't compare a leader with a vision and a visionless Leader. This is why IStandWithAnybodyButJonathan. Wailers can fill their burial form. I don't care.


"Jonathan only reigned he did not rule and was not in charge"
Obasanjo

maupe:

And the fuel you bought was simply methylated spirit. How your car was able to burn the fuel is indeed a mystery.

chernest2002:
When have subsidy payment becomes a crime?

Kenobus:
This is the most intelligent comment on this issue. many are rushing to say what they dont understand. NOI never said GEJ lacks the political will but Nigerians as a whole. Some Nigerians supported the Governors then, now they are the ones shouting. GEJ is a democrat, he cant act like Obj who did many things with impunity. And to talk about it, what was the level of infrastures under Obj? There were no developments, save some few roads and IPP he started. Under GEJ, the States really did their best and GEJ transformed the country. It is really unfortunate we allowed an incompetent Bubu to come to stage. Nigerians should reap what they sowed.

Nusaf:

And what did he do about it in his capacity as the President on whose shoulders the economy rested?

ChikezieU:
r u supporting impunity

ChikezieU:
two key words "rascality" and "rule of law". Pick one

TheGoodJoe:
[b]FAAC disowns Okonjo-Iweala; denies approving withdrawal of $2bn Excess Crude funds


Commissioners of Finance and Accountants General of the 36 states of the federation on Tuesday distanced themselves from claims by the former Minister of Finance, Ngozi Okonjo-Iweala, that they were part of the decision to withdraw and spend $2bn from Nigeria’s excess crude oil revenue account last December.


"It has come to our notice the statement credited to the former Coordinating Minister of the Economy and Honorable Minister of Finance, Dr. Ngozi Okonjo-Iweala, that the Federation Account Allocation Committee (FAAC) approved the withdrawal from Excess Crude (Foreign) Account the sum of Two Billion U.S. Dollar ($2,000,000,000.00),” the commissioners said.
“This statement is far from the fact and is misleading,” the statement said.

The FAAC meeting for November 2014 ended in confusion when the then Minister of State for Finance, Bashir Yuguda, could not explain how the balance in the ECA had dropped from $4.1 bn at the end of October to $3.1 bn.

http://www.premiumtimesng.com/news/top-news/186229-faac-disowns-okonjo-iweala-denies-approving-withdrawal-of-2bn-excess-crude-funds.html
[/b]



Jonathan ordered me to withdraw $2bn from ECA to pay fuel subsidy – Okonjo-Iweala

Dr. Ngozi Okonjo Iweala, Nigeria’s former minister of finance said on Tuesday night that the $2 billion she was alleged to have withdrawn from Excess Crude Account without authorisation was used to pay for fuel subsidy on the instruction of former President Goodluck Jonathan.
http://www.pmnewsnigeria.com/2015/07/08/jonathan-ordered-me-to-withdraw-2bn-from-eca-to-pay-fuel-subsidy-okonjo-iweala/

anonimi:
Reminder for those who may want to forget.

TheGoodJoe:


It can not be collective. She withdrew the funds illegally. She broke the trust. Why should the Governors take any blame at all.