The Minister of Finance, Kemi Adeosun, has reacted to a PREMIUM TIMES report detailing how her ministry illegally approved N10 billion for the National Assembly.
The report, published on Friday, indicated that Mrs Adeosun released the billions to the lawmakers despite the N125billion appropriated for the federal legislature in the 2017 fiscal year for recurrent and capital expenditures.
The fund was arbitrarily approved for the lawmakers by the minister in collusion with the Accountant General of the Federation, Ahmed Idris.
Investigations by PREMIUM TIMES also showed that at least 44 of the 82 contractors the leadership of the National Assembly claimed they were owing were not registered on the National Database of Contractors, a database of the Bureau of Public Procurement (BPP). That means they are not eligible to be awarded federal contracts.
A further check by this newspaper revealed that 17 of the 44 firms were not even registered with the Corporate Affairs Commission (CAC).
In a statement by her media aide, Oluyinka Akintunde, Friday evening, the minister confirmed releasing the fund, but said her action remained legal.
Describing PREMIUM TIMES report as ‘defective,’ Mrs Adeosun claimed that warrants were issued before the billions were moved to the lawmakers.
“The attention of the Honourable Minister of Finance, Mrs. Kemi Adeosun, has been drawn to a smear campaign by an online medium, Premium Times, of “illegally sharing of N10 billion from the national treasury”.
“The Honourable Minister wishes to debunk the entire mischievous and made-up report of the online medium which negates the ethics and professionalism of journalism. The article displays a worrying lack of understanding of Appropriation, Payments and Control, and therefore be disregarded by the public.
“The Minister further wishes to state that warrants are issued in accordance with Appropriation and after due approval by the Cash Plan Committee chaired by the Minister.”


The statement however failed to explain the process of approval for such warrant.
The minister did not also address salient issues such as the release of funds outside the budget and award of contracts to unqualified companies.
Mrs Adeosun did not also explain why she failed to conduct further due diligence by asking for evidence that the contracts were duly awarded before she approved the funds for the lawmakers.
Another explanation the minister failed to make is why her ministry preferred to give N10billion of the N20billion allocated for the payments of federal contractors to the National Assembly which has a budget that covers all its recurrent and capital spendings

https://www.premiumtimesng.com/news/top-news/265722-why-i-gave-extra-n10billion-to-national-assembly-kemi-adeosun.html

Lack of transparency, the Minister should address the issues and clarify her position on the matter.

EVarn:
Lack of transparency, the Minister should address the issues and clarify her position on the matter.

how can she? just like her boss, a failed polytechnic graduate, that plundered ogun state into debts and sold all the treasure bills. the only thing she is good at is using that stupid fake accent.

Hard working senators deserved it.
Those guys worked their ways up to the corridors of power and now you think they will deny themselves of the fruits.

If you are not Lazy , first fight your way up there and we will see truly how righteous u ll b.

Na settlement to d lawmakers on behalf of d Presidency ...

So the story is true.
I was thinking it is one of those unsubstantiated news that fly around.
which can warrant is that.
imagine NASS that already have their own budget.

"Another explanation the minister failed to make is why her ministry preferred to give N10billion of the N20billion allocated for the payments of federal contractors to the National Assembly which has a budget that covers all its recurrent and capital spendings"
Now another executive lawlessness & corruption.No wonder Nigeria is a shithole useless country.Bleep the executive,legislative & judiciary.I gave up on Nigeria but not on my dreams.

Useless somebody. Go and pay Nigeria airways pensioners their due as approved by the president

You must have released the 10 billion to them as bribe to step off the election re-order bill..

Am not voting for any body this is getting too much
tired , fed up .
Nothing will charge

So Buhari bribed the Senate with 10bn for them to step down the election process reodering Bill. wow!
Mr Integrity!!!

I talk am sey this woman no get sense.

You gave out #10B to d Yeas and Nays, You gave out #10B to our #LAZYSENATORs to buy flashy cars while our health workers are on strike, Education and infrastructures are in a poor state. What a country! What a minister!!
May all of them dat partook in dis evil act have mutiple accident with those flashy cars, Amen.

SalamRushdie:
You must have released the 10 billion to them as bribe to step off the election re-order bill..

Exactly.
And people are here shouting themselves hoarse for people to go get their PVC when it is obvious that the last thing this government will do is allow itself to be voted out.

Alleged N10Billion Fraud: 10 Questions Kemi Adeosun, Accountant General Must Answer

April 21, 2018Ini Ekott

On Friday, PREMIUM TIMES and UDEME exposed how the Minister of Finance, Kemi Adeosun, and the Accountant General of the Federation, Ahmed Idris, colluded to illegally funnel N10billion from the national treasury to our ever non transparent National Assembly.

After the story ran, both officials scrambled denials framed in manners meant to deceive and confuse Nigerians about the real issues raised in the report.

So the issues are clear and easy to digest, we have raised the questions below for the officials. We hope they will find time to answer them as a way of enlightening our readers on this matter.

1) Are you not aware that the National Assembly has its own N125billion budget which should fund its capital and recurrent expenditures, and from which it should settle all its liabilities? Given that this budget is always 100 per cent funded, being a statutory transfer from the treasury, why did you proceed to provide an extra illegal N10 billion to that arm of government?

2) You claimed the money was sourced from a certain N20 billion earmarked for payment of debts to local contractors. Why are you the one paying National Assembly contractors when that arm of government has a block budget to cater for its expenditures and liabilities? And why will you give 50 per cent of funds meant for all owed federal contractors to the National Assembly alone when those who built roads, schools, hospitals and supplied drugs to our clinics are yet to be paid?

3) At a time that federal contractors have abandoned road projects across the country due to non payment of their bills, making our roads death traps, why did you release N10 billion to the National Assembly to buy exotic cars, especially when your boss, President Muhammadu Buhari, has ruled that acquisition of cars by lawmakers is a violation of the government’s monetisation policy and therefore illegal.

4) You released the funds without any due diligence. As chartered accountants certificated in England and here in Nigeria, is it right that you released that huge amount of money to a non transparent entity that the National Assembly is without asking the lawmakers to provide award of contract letters, Certificates of No Objection issued by the Bureau of Public Procurement and job completion certificates issued by the National Assembly?

5) Are you aware that at least 44 of the 82 contractors the National Assembly claimed it was owing are not registered on the National Database of Contractors, a database of the Bureau of Public Procurement (BPP). That means they are not eligible to be awarded federal contracts. Are you aware that even 17 of the 44 firms were not even registered with the Corporate Affairs Commission (CAC)?



6) Are you aware that by colluding with the National Assembly to pay billions of public funds to unregistered contractors, you have violated our country’s Public Procurement Act, and that you deserve to lose your post and then be put on trial in accordance with the law?

7) Can you tell us why you violated the appropriation law by releasing N485 million for a project our budget provided N450million for? Has it anything to do with the fact that Senate President Bukola Saraki conceived the project and is handpicking contractor for its execution? Is it possible that you prefer to please Mr. Saraki at the expense of the Nigerian people?

You claimed you released the funds to the National Assembly after warrants were duly issued and approved by the Cash Plan Committee chaired by the finance minister. Can you please tell us in detail the process of approval of such warrants?

9) Unicef says 10.5million Nigerian children are out of school due to what government blamed on lack of enough funds for the nation’s educational sector. Advocacy group, OneCampaign, also says 2,300 Nigerian children under five die each day of preventable causes, a situation that can be addressed if the federal government provides at least one percent of Consolidated Revenue Fund for basic healthcare. In the face of this heart wrenching challenge, do you sincerely believe that illegally paying for exotic cars for our lawmakers should be your priority at this time?

10) Looking through the above questions, will you still say you did the right thing in the manner scarce public fund was passed to the National Assembly? Can you still confidently say you did no wrong?

That woman's mouth is reminding of something......


*wicked smile*

Please see my signature

from ix bank akant

Wind don blow

44 unregistered contractors and yet FIRS is pursuing companies doing good businees and paying good revenue

See her dirty mouth.... they go just call the money like say na change.... "I gave EXTRA 10 Billion"

We are running a kleptocracy. Government of the thieves. By the thieves and for the thieves.

Una go dey call 10 billion like say na 10 naira and d money is not reflecting on d populace

Naija i hail

A can of worms

they say its a bribery frm PMB to stop election reordering, then why are they still dragging with that Agege guy?

phyllosilicate:
The Minister of Finance, Kemi Adeosun, has reacted to a PREMIUM TIMES report detailing how her ministry illegally approved N10 billion for the National Assembly.

A further check by this newspaper revealed that 17 of the 44 firms were not even registered with the Corporate Affairs Commission (CAC).
In a statement by her media aide, Oluyinka Akintunde, Friday evening, the minister confirmed releasing the fund, but said her action remained legal.

https://www.premiumtimesng.com/news/top-news/265722-why-i-gave-extra-n10billion-to-national-assembly-kemi-adeosun.html

Guys, as you go to church today, they'll ask you to pray for Nigeria again. Don't bother yourself, just pray that it gets better for you cos Nigeria can never get better again.

Just like our politicians, our pastors have all moved their children abroad. Don't waste your prayers on a corpse (Nigeria is dead).

It was a bribery from Buhari to stop the election reordering.

Disastrous government

yomi96:
how can she? just like her boss, a failed polytechnic graduate, that plundered ogun state into debts and sold all the treasure bills. the only thing she is good at is using that stupid fake accent.

What a corrupt government..
Clueless woman, liar, dumb.
Met Bill gates and spoke gibberish.


The children of this woman should come and carry their mother, Buhari government have no single semi saints in it.

Money changing hands.

Get an office space for as low as 1800 in the heart of Abuja.https://theabujaoffice.ng

https://www.youtube.com/watch?v=BgUXog2iao8
The Inspector-General of Police, Ibrahim Idris, has been accused of extorting money, ranging from N10m to N15m, from Commissioners of Police, State Mobile Commanders and Special Protection Units (SPU) Commanders, for favorable postings.

IGP Idris also allegedly makes N10bn monthly from oil companies and other private individuals who enjoy special protection from the security agency.

This one off is chicken feed as revelead by Senator Misau, former DSP of the Police Force, that Inspector-General of Police, Ibrahim Idris indirectly receives N10bn monthly as proceeds as bribery etcetera