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13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. (6113 Views)

Lagos Debt Management Office Visits The State's Blue Line Light Rail Project / N1.08bn Corruption Scandal Hits Debt Management Office / Buba Galadima’s Company Taken Over By AMCON Over ₦900 Million Loan (2) (3) (4)

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by proeast(m): 9:44pm On Sep 25, 2020
Atouke:


The governor's and his government will continue but the state ministry of finance will be taken over by officials of DMO and AMCON Till their debt is paid off.
The governor's will submit appropriations from his state house of Assembly to the Austerity measures committee for approval. Before expenses are made. Only essential expense like salaries, pension etc will be approved. Money for bullion van owners will not be approved till debts are paid in full.

Tinubu is in big trouble already, no more bullion vans grin grin

5 Likes

Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by LibertyRep: 9:47pm On Sep 25, 2020
Atouke:


The governor's and his government will continue but the state ministry of finance will be taken over by officials of DMO and AMCON Till their debt is paid off.
The governor's will submit appropriations from his state house of Assembly to the Austerity measures committee for approval. Before expenses are made. Only essential expense like salaries, pension etc will be approved. Money for bullion van owners will not be approved till debts are paid in full.

If this is true, then it's good.
It should even be extended to all states including the Federal Government.

1 Like

Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by yaki84: 10:53pm On Sep 25, 2020
Like I said in that akwaibom thread, any govt that want to succeed must first make sure they have sound budget that is in tandem to what comes into the state.
You see ayade that the state earns less than 50billion and he will be proposing a trillion naira budget, we can see how it goes. This is just the beginning

1 Like

Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by EMMY76: 12:02am On Sep 26, 2020
Atouke:
13 state in Nigeria are insolvent. Their debt and recurrent expenditures outweighs their total earnings.

This states are the ones in the red.

AMCON AND DMO( debt management office).
Will take over this government ministry of finance and supervise those ministries till the debts are paid off by the respective states. Austerity measures will be placed on them just like EU did to the Greek and Italian government. Until their leaders learn to be frugal with state resources.

Finally the waec results are out propaganda always have an expiration date. grin

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by EMMY76: 12:06am On Sep 26, 2020
Atouke:


The governor's and his government will continue but the state ministry of finance will be taken over by officials of DMO and AMCON Till their debt is paid off.
The governor's will submit appropriations from his state house of Assembly to the Austerity measures committee for approval. Before expenses are made. Only essential expense like salaries, pension etc will be approved. Money for bullion van owners will not be approved till debts are paid in full.


Excellent cheesy

3 Likes

Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by Notatribalist(m): 1:47am On Sep 26, 2020
Atouke:
13 state in Nigeria are insolvent. Their debt and recurrent expenditures outweighs their total earnings.

This states are the ones in the red.

AMCON AND DMO( debt management office).
Will take over this government ministry of finance and supervise those ministries till the debts are paid off by the respective states. Austerity measures will be placed on them just like EU did to the Greek and Italian government. Until their leaders learn to be frugal with state resources.
Lagos is even number one �.If you mention godfather those with slave mentality will tell you Lagos is doing better than other States.. See now.

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by selemempe: 5:25am On Sep 26, 2020
proeast:


Lolz, are you shocked that Lagos is last on the table and first to be taken over AMCON despite having a disproportionate part of Nigeria's wealth domiciled there?! That's the effect of having a drug Lord who moves its revenue in bullion vans controlling its affairs.

Isn't Lagos supposed to be so rich to the point of lending money to other states yet they've embezzled everything until it went bankrupt. SMH!!
and even with all the embezzlement, they are still a slum city

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by rolams(m): 5:27am On Sep 26, 2020
Make una help me check if Tinubu State dey dey there abeg!

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by SLAP44: 5:33am On Sep 26, 2020
I support the takeover of these distressed states by AMCON. They should just pay salaries and pensions and even pay the governor his salary only grin

The rest of the revenue should be used to pay off their debts and if it remains, the money should be given to the most needy.

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by kettykin: 6:03am On Sep 26, 2020
IGBOSON1:


Trust Abia to let the side down! Governance in that state since 1999 has been nothing but a utter disgrace! And Imo isn’t far behind either!

But Abia case is not so bad , the deficit is below N400M , which any efficient Governor can resolve within 6 months of careful economic planning and revenue boosting, for Imo the shut down of the tourism industry because of Covid must have been a major issue, i think the south east is doing very well generally

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by orisa37: 7:42am On Sep 26, 2020
EU LAW IS NOT NIGERIA LAW. SO AMCON HAS NO SUCH POWERS ON ANY STATE OF THE FEDERATION.
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by expliciit: 7:56am On Sep 26, 2020
Nigeria is a funny country, you allow all these stupid governors to continue to borrow money at will and they keep stealing same funds through inflated contract, and you give them stupid immunity not to be prosecuted while in office, then you begin to chase them with stupid litigation cases which makes it very difficult to retrieve the funds, don't get me wrong there is nothing wrong to borrow money for infrastructure purpose, but money are not used for the purpose for which it was intentionally intended. Take kogi. State as example, before yeye. Bello. Became governor the state debt is around 21 billion, just look at how much the stupid governor has borrowed now, no single infrastructure projects on ground, rather thugs are empowered, so much kidnapping around the state because the guns given to the thugs during last election is still with them, now kogi is owing over 100billion. What the stupid governor does now is paying percentage of workers salaries , and he pays what ever % he likes, businesses are levied multiple taxes it just terrible.
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by orisa37: 7:58am On Sep 26, 2020
EU COUNTRIES ARE INDEPENDENTLY RUN AND SO WHEN ONE OF THEM IS INSOLVENT, IT'S NOTHING PUNITIVE BUT A GESTURE OF ASSISTANCE TO OFFER TO MANAGE THE DEPRESSED COUNTRY FOR HELP. NIGERIA UNION IS DIFFERENT. IT'S A FEDERAL DICTATOR RUNNING THE AFFAIRS OF THE 36 CONSTITUTIONAL STATES FINANCIALLY WITHOUT THE SUPPORT OF THE STATE GOVERNMENTS.


IN EUROPE, INDIVIDUALS AND CORPORATE PERSONS CAN DECLARE THEMSELVES BANKRUPT OR INSOLVENT AND APPLY FOR RELIEF. THERE IS NO SUCH LAW IN NIGERIA. THE 36 CONSTITUTIONAL STATES ARE JUST BUNGLING UNDER A FEDERAL TRY BY ERROR PRESIDENT.

IT'S ANARCHY AND LAWLESSNESS TO APPOINT AMSCON FOR ANY STATE IN NIGERIA AS PRESENTLY CONSTITUTED.
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by dukeprince50: 8:03am On Sep 26, 2020
SpecialAdviser:


Yes bro. I have always told people South east has the best leaders in Nigeria.
did u check SS states before u said this?
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by dukeprince50: 8:07am On Sep 26, 2020
proeast:


Tinubu is in big trouble already, no more bullion vans grin grin
DMO and AMCOM will still loot the states, is it not Nigeria that NDDC is looting Niger Delta?
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by orisa37: 8:16am On Sep 26, 2020
NO. THIS IS A PLAN TO HIT AND RUN.
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by SpecialAdviser(m): 8:18am On Sep 26, 2020
dukeprince50:
did u check SS states before u said this?

Have you ever wondered the allocation SS receives?

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by dukeprince50: 8:23am On Sep 26, 2020
SpecialAdviser:


Have you ever wondered the allocation SS receives?
have u ever compared the developments going on in SS states and yet they are the richest. No state except Lagos can compete with the top SS states like Rivers and Akwaibom in terms of development, they use their allocation very well unlike some other states with little landmass yet no development just competition among the people and neglecting the state as a whole
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by SpecialAdviser(m): 8:25am On Sep 26, 2020
dukeprince50:
have u ever compared the developments going on in SS states and yet they are the richest. No state except Lagos can compete with the top SS states like Rivers and Akwaibom in terms of development, they use their allocation very well unlike some other states with little landmass yet no development just competition among the people and neglecting the state as a whole

If you visit Ebonyi state recently, you will know the true leaders are rare to come by.

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by LLobiorah: 11:38am On Sep 26, 2020
That idiot from SW that use to mock and call ebonyi Inviable, I hope your state is not on the red line??

Someone should tag that fool for me abeg.

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by OfficialAPCNig: 11:46am On Sep 26, 2020
RED LINE: Beloved SE 1 : 4 South West
SAFE LINE : Beloved SE 4 : 0 South West
MID-LINE: Beloved SE 0 : 2 South West

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by samuelpeters(m): 11:50am On Sep 26, 2020
dukeprince50:
DMO and AMCOM will still loot the states, is it not Nigeria that NDDC is looting Niger Delta?
Like ehh..
I'm just laughing, except the AMCON or whatever na Foreigners. If na still Nigerians the looting will still continue.
States like Lagos will still have tinubu controlling the AMCON.
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by slivertongue: 11:53am On Sep 26, 2020
Obamaofusa:
Ogun and Lagos states will become richer without Nigeria.Lagos is not the 5th economy in Africa for nothing.The sucking tongue of the FG will be off the port etc.Lagos could become the first economy in Africa.
Most bouyant economies are always indebted because lenders are wont to lend them money because they can easily pay.
Lagos state makes a revenue of more than 40 billion in a month and will easily payvits debt if they want to but most viable entities like Lagos and the USA know why they do not quickly pay off their debts.Nobody will lend money to Anambra and the other poor states because they are poor,in fact dead without Nigeria.

you are wrong on Anambra. Anambra's output is worthy of emulation. without crude oil and the population of Nigeria Lagos will be nothing

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by Obamaofusa: 12:14pm On Sep 26, 2020
slivertongue:


you are wrong on Anambra. Anambra's output is worthy of emulation. without crude oil and the population of Nigeria Lagos will be nothing
You are just fixated on Lagos,I told you it all depends on how prudent your people are.Ibadan during regionalism without port, the Lagos population,and as the capital of the Western Region was the richest and had to lend money to Nigeria twice... that is to show how rich Yorubaland was and still is now.

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by baralatie(m): 12:14pm On Sep 26, 2020
lipsrsealed Lagos State

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by ofeco: 12:16pm On Sep 26, 2020
Obamaofusa:
Ogun and Lagos states will become richer without Nigeria.Lagos is not the 5th economy in Africa for nothing.The sucking tongue of the FG will be off the port etc.Lagos could become the first economy in Africa.
Most bouyant economies are always indebted because lenders are wont to lend them money because they can easily pay.
Lagos state makes a revenue of more than 40 billion in a month and will easily payvits debt if they want to but most viable entities like Lagos and the USA know why they do not quickly pay off their debts.Nobody will lend money to Anambra and the other poor states because they are poor,in fact dead without Nigeria.

Stop comparing Lagos with USA because USA is into primary, secondary and tetiary production stages, aside the ports and Federal govt establishments in Lagos State, are there any other things that Lagos State produces? Federal govt can decide to dredge Ibom river in Akwa Ibom , equip Calabar sea ports and others to reduce over concentration of sea Ports , embassies, etc in Lagos. It is a sacrilege to compare Lagos State debt with almighty USA. Politicians in Lagos State should reduce their level of looting in order to rescue the state from the cog of debt.

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by BlackfireX: 12:19pm On Sep 26, 2020
So which one will China take over??
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by slivertongue: 12:26pm On Sep 26, 2020
Obamaofusa:
You are just fixated on Lagos,I told you it all depends on how prudent your people are.Ibadan during regionalism without port, the Lagos population,and as the capital of the Western Region was the richest and had to lend money to Nigeria twice... that is to show how rich Yorubaland was and still is now.

ar present Petro dollars accounts for the development in all states of Nigeria, Lagos inclusive. Lagos revenue is as a result of patronage by millions of Nigerians in other states. in a divided Nigeria Lagos and many states won't be as buoyant as they are now

2 Likes

Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by slivertongue: 12:26pm On Sep 26, 2020
Obamaofusa:
You are just fixated on Lagos,I told you it all depends on how prudent your people are.Ibadan during regionalism without port, the Lagos population,and as the capital of the Western Region was the richest and had to lend money to Nigeria twice... that is to show how rich Yorubaland was and still is now.
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by IGBOSON1: 12:32pm On Sep 26, 2020
proeast:


This news is like music to my ears, thank God that the only SE state in that blacklisted category is Abia that has been perennially mismanaged, AMCON should take over its management already alongside Lagos and the rest grin grin

I would gladly welcome AMCON taking over governance in Abia state! Governance in that state since 1999 has been abysmal at best, and the docile and daft citizenry of the state are either not interested to effect a change or unable to do anything about it!

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Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by Obamaofusa: 12:36pm On Sep 26, 2020
LLobiorah:
That idiot from SW that use to mock and call ebonyi Inviable, I hope your state is not on the red line??

Someone should tag that fool for me abeg.

Use your head, all the South Eastern States cannot stand independently because they cling to FG feeding bottle.SW is the richest region in Nigeria especially with Lagos and Ogun states.
If push comes to shove,SW will easily pay off their debts because they have the highest IGRs,most industrialized etc.
Anambra which is a poor state hanging on the feeding bottle of the FG has the highest external debt.
Re: 13 State In Nigeria To Be Taken Over By AMCON And DMO Debt Management Office. by IGBOSON1: 12:37pm On Sep 26, 2020
samuelpeters:

Like ehh..
I'm just laughing, except the AMCON or whatever na Foreigners. If na still Nigerians the looting will still continue.
States like Lagos will still have tinubu controlling the AMCON.

Good point though! I was thinking of AMCON with Chike-Obi in mind....who's the head now?

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