wirinet:
The more I read excerpts from madam world Bank the more disappointed I become. She thinks Nigerians are fools, but it is she that is making a fool of herself.
I wish I could copy and paste some of the ridiculous statements she made in this page.

First the Excess Crude Account is illegal and foreign to the constitution, there are no laws governing it's creation and operation. So anything done in that regard is illegal.

The money in the Excess Crude Account does not belong to the FG, but to all three tiers of government, so even if it was illegally created and managed by the FG, monies cannot be spent from the account without the accent of the three tiers. Okonjo-Iweala is talking like the money is the FGs, to spend or save as she likes.

The book says "He was strongly supported by Governor Adams Oshiomole of Edo state, who was very vocal in his disapproval and suspicions of the Federal Government’s management of the Excess Crude account"
The main problem was the Governors did not trust Okonjo-Iweala and her principal with their money.

Finally, the governors were not after FG's money, they wanted their own money, is it by force to help them save their money for them. What happens to the share of the money controlled by Okonjo-Iweala? Why did she not save the share of the Excess Crude Account under her control?

It is always safe to save for the rainy days. If the governors demanded for proper accountability of the ECA account and it wasn't given to them, it would be wrong. But saying you want to share the money for "elephant" projects in the state is wrong. The irony of the whole thing now is that it is this same governors now that are saying the past government left an empty treasury when they were the ones who initially wanted the treasury to be empty.

PHIPEX:
Only and ArmedRobber like you will quote me with an insult. You can't eat your cake and have it. Since they all agreed to share the money why turn around and use your propaganda machine to make it look like the woman wasted ECA fund?

federal govt govt 52% remaining shared by states and local government.

So tell us what did federal govt did with their own share of excess crude oil account(a.K.a illegal account)?

Tell us what aunty ngozi did with foreign reserve that was depleted from 47 to 29b dollars while crude was 100 to 150 within 4 years??

Stop arguing with him the more u do you are actually revealing your level of stupidity When you were asked to go to school you prefer smoking weed an picking pocket, you see yourself now...The woman even in your 4th generation can not produce...

0monnak0da:

Your mother will die a painful cancerous death.

Okonjo-Iweala will not attend her funeral

Creamz:


It is always safe to save for the rainy days. If the governors demanded for proper accountability of the ECA account and it wasn't given to them, it would be wrong. But saying you want to share the money for "elephant" projects in the state is wrong. The irony of the whole thing now is that it is this same governors now that are saying the past government left an empty treasury when they were the ones who initially wanted the treasury to be empty.

excess crude oil account is different from foreign reserve take note.

Federal govt got 52% of the illegal account (ECA).
What did they do with it.

tell us why foreign reserve was depleted from 47 to 29/30b dollars while crude was selling between 100 to 15o for four years??

ArmedRobber:
federal govt govt 52% remaining shared by states and local government.

So tell us what did federal govt did with their own share of excess crude oil account(a.K.a illegal account)?

Tell us what aunty ngozi did with foreign reserve that was depleted from 47 to 29b dollars while crude was 100 to 150 within 4 years??

Both the FG and the states are guilty of wasting our common wealth but the APC govt led by same bandits and culprits that spearheaded the wastage can't turn around and lie to us that Ngozi alone is guilty, that's my position.

OlujobaSamuel:

Hmmmmmm, let me help with a summary of the guy's questions;
Was the ECA legal?
Why were the governors suspicious and what was done to address such?
What happened to fg share of the fund?

You yorubas claim the ECA is illegal, yet Aregbe and Oshiomhole your govenor were busy harrassing and haranguing Okonjo for the money, they pressured and pressured until they had their hands in the pie and ended up using the money for faaji, stomach infrastructure, Iresi Aregbe, owambe.

When they exhausted the money, osun became IDP capital of yorubaland and Aregbe was looking confused like a diseased goat and couldn't blame FG anymore for not being able to pay salaries as he usually did to GEJ and Okonjo.

Goatee-wearing Aregbebuffoon can't eat his cake and still have it.

Some people are very stupid, where did they get the information that monies were withdrawn from ECA?
In all the reasons she listed there none of them said money was withdrawn, fashola was on legality, understandable cus he was a lawyer, kudos raji.
Oshomole was to pay for his new wives bride price, Aregbe was looking for money to work in Osun, i dont blame him. Akpabio wanted to steal his own, nobody can argue that.

Now the money has been shared and the rest looted for election, NOI is not to be blamed, the nigerian masses are to be blamed we should have forced our political class to be accountable to us. We faced the recession not them, let us be wiser this time

God punish him all these foolish former APC Governors that brought calamities to Nigeria and electorate.

It is unfortunate to have these same foolish things in APC.


Mumu voters that voted for these lazy APC into government some of them are dying by herdsmen, Boko haram and hungers as we speak.

wirinet:
The more I read excerpts from madam world Bank the more disappointed I become. She thinks Nigerians are fools, but it is she that is making a fool of herself.
I wish I could copy and paste some of the ridiculous statements she made in this page.

First the Excess Crude Account is illegal and foreign to the constitution, there are no laws governing it's creation and operation. So anything done in that regard is illegal.

The money in the Excess Crude Account does not belong to the FG, but to all three tiers of government, so even if it was illegally created and managed by the FG, monies cannot be spent from the account without the accent of the three tiers. Okonjo-Iweala is talking like the money is the FGs, to spend or save as she likes.

The book says "He was strongly supported by Governor Adams Oshiomole of Edo state, who was very vocal in his disapproval and suspicions of the Federal Government’s management of the Excess Crude account"
The main problem was the Governors did not trust Okonjo-Iweala and her principal with their money.

Finally, the governors were not after FG's money, they wanted their own money, is it by force to help them save their money for them. What happens to the share of the money controlled by Okonjo-Iweala? Why did she not save the share of the Excess Crude Account under her control?

Your comment was well articulated but lacks potent reason, the reason/call to save then was as to prevent the 1/2 salary without shame that the state workers are passing through. All without one of our leaders failed us.

[quote author=AZeD1 post=67048023]Oshiomhole didn't trust the FG.
Fashola objected
fighter jets.


Pls let's stop this blaming game now.
What did PMB do to address the same concerns b4 he unconstitutionally withdrew money to pay for the jets

PHIPEX:
Both the FG and the states are guilty of wasting our common wealth but the APC govt led by same bandits and culprits that spearheaded the wastage can't turn around and lie to us that Ngozi alone is guilty, that's my position.

blockhead

36states and their local governments shared 48% of eca crude oil account after gej have made several withdrawals without notifying the beneficiaries.


1) was it only apc governors that the money was shared to??

2)did states also share foreign reserves that was depleted from 47 to 29billon dollars despite oil boom between 2011 to 2015.

3)what did federal govt do with their own share of eca cos they received 52% while 36states and 779 locations government shares 48%?

FakoMaybach1:
Some people are very stupid, where did they get the information that monies were withdrawn from ECA?
In all the reasons she listed there none of them said money was withdrawn, fashola was on legality, understandable cus he was a lawyer, kudos raji.
Oshomole was to pay for his new wives bride price, Aregbe was looking for money to work in Osun, i dont blame him. Akpabio wanted to steal his own, nobody can argue that.

Now the money has been shared and the rest looted for election, NOI is not to be blamed, the nigerian masses are to be blamed we should have forced our political class to be accountable to us. We faced the recession not them, let us be wiser this time

You lacks comprehension memory.

THe FG share of the ECA is 52 % .It is quite different from state money which FG has no power to manage.

The issue is the the FG share should not have been spent without Natinal Assembly appropriation whereas the FG share was subject to the National Assemly control.

What this means is as far the the states are concerned THE ECA should never have existed in the first place and was and still is unconstitutional.

The idea of setting a benchmark price beyond which savings should happen is laudable but CANNOT be imposed.

In fact the way things should work is once money is received t should be distributed WITHOUT DISCUSSION.

The role of the FG playing big brother is TOTALLY unconstitutional.

If the states want to have an ECA let them. Nothing to do with the FG


The question is was the law ( we must remember the FG budget is a law which stipulated the benchmark price) broken when the FG spent its share of thr ECA oney without appropriation?

Truckpusher:


Weak line from a mentally unstable fellow

So you've noticed that jackass too...lol.

Just ignore it will go away.

ArmedRobber:
blockhead

36states and their local governments shared 48% of eca crude oil account after gej have made several withdrawals without notifying the beneficiaries.


1) was it only apc governors that the money was shared to??

2)did states also share foreign reserves that was depleted from 47 to 29billon dollars despite oil boom between 2011 to 2015.

3)what did federal govt do with their own share of eca cos they received 52% while 36states and 779 locations government shares 48%?

I wonder why am wasting my time with an ArmedRober, you are bound to defend criminals like you. Keep defending your preferred thieves.

LZAA:

aregbe my gomina
i'm proud of him o jare
ipobians like immhotep,onyeoga and iceberg3 wee be jealous cuz their gomina cannot fight
sai aregbe!sai baba!!sai caliphate!!!

some of us are happy in our Ogbomoso village.

Sai emirate.
Sai kworropshon

PHIPEX:
I wonder why am wasting my time with an ArmedRober, you are bound to defend criminals like you. Keep defending your preferred thieves.

olodo Don't run away
Answer the questions

1) was it only apc governors that the money was shared to??

2)did states also share foreign reserves that was depleted from 47 to 29billon dollars despite oil boom between 2011 to 2015.

3)what did federal govt do with their own share of eca cos they received 52% while 36states and 779 locations government shares 48%?

ArmedRobber:
federal govt govt 52% remaining shared by states and local government.

So tell us what did federal govt did with their own share of excess crude oil account(a.K.a illegal account)?

Tell us what aunty ngozi did with foreign reserve that was depleted from 47 to 29b dollars while crude was 100 to 150 within 4 years??

It's in your dreams the oil price got to 150 ba??,you guys are shameless,better go and do your research before you come here to type trash for gullible people like yourself.

VictorRomanov:


Knowing all these, why did these same persons, Amaechi, Osheomole, and Fashola, accuse GEJ of not saving for the "rainy" day?

Your comments make no sense in the light of the above statement.

Knowing all what? Governors demanded for the money to be shared because it was never safe with the Jona and Okonjo. Every NEC meeting, the ECA's money was becoming lean and lean. Lol.

Jonathan government didn't save for the rainy day not because of sharing of the ECA's money but because he allowed every thief to loot as much as they could.

Only Dasuki was sharing close to 4 billion dollars in total. If the governors had not demanded for their share, Okonjo would still be have unilaterally withdrawn everything. What was even the % of the share for the state and local governments that we're talking about?

Thief!

From my assessment so far, I observed that Nigerian's esp the one's on nairaland are ill educated, they only got lucky to learn how to read and write.
I have not seen youths as useless as this, God.... We are centuries away from been called educated people. Worse of it all is that we are ruled by higher cadre of illiterates.
Divide this country for good it's not by force to have sense, when people with brains are talking illiterates and touts should at least listen.
I respect you our Mummy Okonjo-Iweala

wirinet:
The more I read excerpts from madam world Bank the more disappointed I become. She thinks Nigerians are fools, but it is she that is making a fool of herself.
I wish I could copy and paste some of the ridiculous statements she made in this page.

First the Excess Crude Account is illegal and foreign to the constitution, there are no laws governing it's creation and operation. So anything done in that regard is illegal.

The money in the Excess Crude Account does not belong to the FG, but to all three tiers of government, so even if it was illegally created and managed by the FG, monies cannot be spent from the account without the accent of the three tiers. Okonjo-Iweala is talking like the money is the FGs, to spend or save as she likes.

The book says "He was strongly supported by Governor Adams Oshiomole of Edo state, who was very vocal in his disapproval and suspicions of the Federal Government’s management of the Excess Crude account"
The main problem was the Governors did not trust Okonjo-Iweala and her principal with their money.

Finally, the governors were not after FG's money, they wanted their own money, is it by force to help them save their money for them. What happens to the share of the money controlled by Okonjo-Iweala? Why did she not save the share of the Excess Crude Account under her control?

quote

Goalpost shifter spotted!

immhotep:
some of us are happy in our Ogbomoso village.
Sai emirate. Sai kworropshon

Okonja, how did you meet Nigeria economy and you left it. Is it better or worse? That's what we needed not story of Oshobaba or Aregbe. Everybody knows that Nigeria is worse more than how you met it just keep shut.

Joenate:
From my assessment so far, I observed that Nigerian's esp the one's on nairaland are ill educated, they only got lucky to learn how to read and write.
I have not seen youths as useless as this, God.... We are centuries away from been called educated people. Worse of it all is that we are ruled by higher cadre of illiterates.
Divide this country for good it's not by force to have sense, when people with brains are talking illiterates and touts should at least listen.
I respect you our Mummy Okonjo-Iweala

See, who is talking! As$ licking wouldn't even let you contribute intellectually.

wirinet:
The more I read excerpts from madam world Bank the more disappointed I become. She thinks Nigerians are fools, but it is she that is making a fool of herself.
I wish I could copy and paste some of the ridiculous statements she made in this page.

First the Excess Crude Account is illegal and foreign to the constitution, there are no laws governing it's creation and operation. So anything done in that regard is illegal.

The money in the Excess Crude Account does not belong to the FG, but to all three tiers of government, so even if it was illegally created and managed by the FG, monies cannot be spent from the account without the accent of the three tiers. Okonjo-Iweala is talking like the money is the FGs, to spend or save as she likes.

The book says "He was strongly supported by Governor Adams Oshiomole of Edo state, who was very vocal in his disapproval and suspicions of the Federal Government’s management of the Excess Crude account"
The main problem was the Governors did not trust Okonjo-Iweala and her principal with their money.

Finally, the governors were not after FG's money, they wanted their own money, is it by force to help them save their money for them. What happens to the share of the money controlled by Okonjo-Iweala? Why did she not save the share of the Excess Crude Account under her control?

The way you are sounding, one will think you are talking from a position of knowledge of the things you're saying, not knowing you're just talking from a position of ignorance. Under the Obj government, the ECA(excess crude account) was created and it was causing conflict and governors were insisting it was an illegal account and it continued to yar 'Asia's tenure. By the time Jonathan came in,same issue was still in contention and he decided to create the swf(sovereign wealth fund) account which was passed into law by the national assembly and it replaced the excess crude account. Where you saw her mentioning excess crude account there, is to make it easier for readers to understand as that was the previous name it was known as. Even after the swf account came into existence, it was still referred to as the ECA cause that was what we were already used to.

Before you start talking about an account that is illegal, make sure you know which is which. Under OBJ, it was illegal cos it wasn't backed by law but under GEJ, it was legal as it was duely passed into law with legislative backing.

wirinet:
The more I read excerpts from madam world Bank the more disappointed I become. She thinks Nigerians are fools, but it is she that is making a fool of herself.
I wish I could copy and paste some of the ridiculous statements she made in this page.

First the Excess Crude Account is illegal and foreign to the constitution, there are no laws governing it's creation and operation. So anything done in that regard is illegal.

The money in the Excess Crude Account does not belong to the FG, but to all three tiers of government, so even if it was illegally created and managed by the FG, monies cannot be spent from the account without the accent of the three tiers. Okonjo-Iweala is talking like the money is the FGs, to spend or save as she likes.

The book says "He was strongly supported by Governor Adams Oshiomole of Edo state, who was very vocal in his disapproval and suspicions of the Federal Government’s management of the Excess Crude account"
The main problem was the Governors did not trust Okonjo-Iweala and her principal with their money.

Finally, the governors were not after FG's money, they wanted their own money, is it by force to help them save their money for them. What happens to the share of the money controlled by Okonjo-Iweala? Why did she not save the share of the Excess Crude Account under her control?

Comments like this make you question some people's sanity n their level of comprehension.... Lubbish

QuotaSystem:




So you've noticed that jackass too...lol.

Just ignore it will go away.

Trouble maker.

Don't mind the swine

ArmedRobber:
federal govt govt 52% remaining shared by states and local government.

So tell us what did federal govt did with their own share of excess crude oil account(a.K.a illegal account)?

Tell us what aunty ngozi did with foreign reserve that was depleted from 47 to 29b dollars while crude was 100 to 150 within 4 years??

Tomorrow now when they say educated people should come out, you sef go carry your 2 left legs come out say you dey educated. Who told you that crude oil sold for 100-140 dollars in 4 years? Even if someone said that, can't you take out time to find out if it is true or not? Crude oil rose to $140 in 2008 under yar 'adua and that was when we had the global economic recession and the government spent a huge chunk of that money, defending the naira. Jonathan wasn't president then. NOI wasn't finance minister then.

wirinet:
The more I read excerpts from madam world Bank the more disappointed I become. She thinks Nigerians are fools, but it is she that is making a fool of herself.
I wish I could copy and paste some of the ridiculous statements she made in this page.

First the Excess Crude Account is illegal and foreign to the constitution, there are no laws governing it's creation and operation. So anything done in that regard is illegal.

The money in the Excess Crude Account does not belong to the FG, but to all three tiers of government, so even if it was illegally created and managed by the FG, monies cannot be spent from the account without the accent of the three tiers. Okonjo-Iweala is talking like the money is the FGs, to spend or save as she likes.

The book says "He was strongly supported by Governor Adams Oshiomole of Edo state, who was very vocal in his disapproval and suspicions of the Federal Government’s management of the Excess Crude account"
The main problem was the Governors did not trust Okonjo-Iweala and her principal with their money.

Finally, the governors were not after FG's money, they wanted their own money, is it by force to help them save their money for them. What happens to the share of the money controlled by Okonjo-Iweala? Why did she not save the share of the Excess Crude Account under her control?

Paid posters, Ride on.

Madam go and sleep and enjoy our money-only fools will be reading your rubbish book-what did u do when they were stealing and looting our treasury- I remember u said in 2014 that by 2015 to 2017 it would be difficult to pay salaries considering how treasury was being looted then- why the noise now? Are we not seeing the effects of what they did in 16 years which they want corrected within 3years. Only fools will be reading or book.