This is sad

Fuel Subsidy Report: Gombe State Governor, Dankwambo In N 127.8 billion Fraud!
by NewsAdmin on Apr 19, 2012 | 0 Comments
Posted under: South West
One of those indicted in the damning revelations made in the report of the House of Reps Committee that investigated the fuel subsidy regime is the current Governor of Gombe State, Alhaji Ibrahim Dankwambo who had served as the Accountant General of the Federation between 2005 and 2010.

The indictment has led to calls from within the state that Alhaji Dankwambo should resign his position. Most of those who spoke to Street Journal in Gombe described it as “embarrassing that somebody of Governor Dankwambo’s calibre could be involved in such atrocities”. Calls have also gone to the Gombe State House of Assembly to commence moves to impeach him in case he refuses to resign.

According to the report, over N2 trillion was expended as fuel subsidy between 2009 and December 2011. The bulk of the blame for the irregularities was put on the Petroleum Minister Diezani Alison-Madueke, as well as on former accountant general of the federation Ibrahim Dankwambo and former chairman of the PPPRA board Ahmadu Ali.

One of the committee’s recommendations was that the power’s currently being wielded by the Petroleum Minister should be reduced. To achieve this, the panel recommended that instead of having only Mrs. Diezani Alison-Madueke as Petroleum Minister, two Ministers should be appointed to oversee the Ministry. While one would oversee the upstream, the other would be for the downstream.

The committee also recommended that members of the boards and managements of the Nigerian National Petroleum Corporation (NNPC) and the Petroleum Products Pricing and Regulatory Agency (PPRA), past and present, who are found wanting, for making unauthorised deductions of hundreds of billions during the period should be prosecuted.

The sack of present management of the NNPC led by Mr. Austin Oniwon was also recommended.

It also said NNPC must be made to refund to the federal purse N705 billion; PPPRA N312 billion; oil marketers who drew funding without importation, N8.7 billion; while companies that refused to appear during the investigations are to repay N41.9 billion.

It was stated in the report that “if the Petroleum Subsidy Fund was properly managed, the sum of N1.07 trillion would have been available to the three tiers of government.”

The House yesterday said the report’s 61 recommendations would be considered at a plenary session to be relayed on live television on Tuesday.

A portion of the report of the committee on the NNPC reads in part: “the management and board of the NNPC should be completely overhauled and all those involved in the following infractions be further investigated and prosecuted by the relevant anti-corruption agencies:

Payment of N285.098 billion in excess of the PPPRA recommended figure for 2011, subsidy deductions of N310.414 billion for kerosene against a Presidential directive;

Direct deductions from funds for the Federation Account in contravention of section 162 of the Nigerian constitution and illegal granting of price differential or discounts of crude oil price per barrel to NNPC to the tune of N108.648 billion from 2009-2011.

NNPC should be unbundled to make its operations more efficient and transparent, and this we believe can also be achieved through the passage of a well drafted and comprehensive Petroleum Industry Bill. The committee therefore urges the speedy drafting and submission of the bill to the National Assembly.

The NNPC was found not to be accountable to anybody or authority. The corporation in 2011 processed payment of N310.4 billion as 2009-2011 arrears of subsidy on kerosene contrary to a Presidential directive which removed subsidy on kerosene in 2009 without any provisions in the Appropriation Act.”

The committee recommended “direct for the auditing of the NNPC to determine its solvency. This was as a result of claims of indebtedness and demands for payments by the NNPC’s debtors which if not well handled, will not only affect the entire economy of Nigeria, but also supply and distribution of petroleum products”.

The committee also stated that “the chairman of the board of the PPPRA from 2009-2011, and the entire members of the board during the period are hereby reprimanded and their decision which opened the floodgate for the bazaar is condemned in the strongest terms.”

Alhaji Dankwambo, the Governor of Gombe State was not spared, the report said, “the particular Accountant General that served during the period 2009 was found to have made payments of equal instalments of N999 million for the record of 128 times within 24 hours totalling N127.872 billion.

The confirmed payments from CBN records were made to beneficiaries yet to be disclosed by the OAGF or identified by the committee. We however, discovered that only 36 marketers were participants under the PSF scheme during this period. Even if there were 128 marketers, it was inconceivable that all would have imported the same quantity of products to warrant equal payments.”

It was also included in the recommendations that: “all those in the Federal Ministry of Finance, office of the Director General of the budget, Accountant General of the Federation involved in the extra budgetary expenditure under the Petroleum Support Scheme between 2009-2011 should be sanctioned in accordance with the civil service rules and code of conduct bureau. The payment of N999 million 128 times within 24 hours between 12th and 13th January 2009 by the office of the Account General should be further investigated by relevant anti-corruption agencies”.

Trade and Investment minister Dr. Olusegun Aganga served as Finance Minister during the period, while Dr. Bright Okogu has been Director General of the Budget Office.

The report clearly showed that the subsidy regime was operated from 2009-2011 was fraught with “endemic corruption and entrenched inefficiency. Much of the amount claimed to have been paid as subsidy was actually not for consumed PMS. Government officials made nonsense of the PSF guidelines due to mainly sleaze and in some case incompetence. It is therefore apparent that the insistence by top government officials that the subsidy figures were for products consumed was a clear attempt to mislead the Nigerian people.”

The committee found out that N2.6 trillion was spent on subsidy last year, amounting to more than 900 per cent over the appropriated sum of N245 billion.

http://thestreetjournal.org/2012/04/fuel-subsidy-report-gombe-state-governor-dankwambo-in-n-127-8-billion-fraud/

How old is Oshiomhole btw?
Not wishing him any ill, but he should be careful.
#just saying

ionsman:
Buhari is a man on a mission. ..A man that has the interests of Nigerians at heart. .
Yet another heartache for TANOIDS. ...

If your father is so intelligent, why isnt he the president?

Best reply on NL in 2015 so far

Wow...
If only i liked eba

True
Marriage isn't child's play
Very deep questions indeed

That's mean.
Cisse, but why?
Poor girl.

Source

Never ending thread...

Thanks. Enjoyed dinner

I'd love the look on my gf's face after I tell her "no!"

Houseofglam7:


No I don't

My dear, I've searched through my system and I can't find it.
I had a system restore two weeks ago and some files were automatically deleted.
And I can close my eyes and see that pic...
You wer wearing a pale green top and u took the selfie from above as if u wer lying down...so beautiful...
I feel like burning my laptop

Houseofglam7:


No I don't

Let me search for it

Obipat:
. Wht of faze? Did faze perform?

Yes he performed "originality"

Houseofglam7:


Nairaland erosion washed it away, I didn't take it down

Oh... I didnt know
Do you still have a copy?

Houseofglam7:



I ain't sad at all.
That statement touched ma heart

Same way I felt when I saw your pic then...
I'm glad I copied it.
I couldn't have guessed that you'd be taking it down.
Now all I would have had wud be a memory.

Houseofglam7:


Really?

Yes I do have it.
But why the long sad face?
If you don't want me to put it up I won't... I promise.

Houseofglam7:


Thanks darl

UW
You know I hav your picture somewhere in my laptop. It was so cute I had to save it.
When I find I'm gonna put it as my dp just for kicks...

Houseofglam7:
Did they even perform?

Yes they did dear
Happy Democracy Day, wherever you are.

DollyParton1:
Those silly sms though.
To fire your enemies, text thunder to 419.
To drive the latest car, text exotic car to 419.

Lol...you've made me laff this early morning

Zaynee63:

It’s easy to get caught up in the butterflies and excitement of a new relationship, but is it the start of something long-term or is it destined to fade out? In other words, how can you tell if it's a fling or the real thing? Recent research offers some clues to solving the mystery:
How similar are you? This is easier to ask than to answer, because romantic attraction (liking someone) can cloud your judgment. Recent evidence actually shows that people actually like dissimilar partners more—but only when those relationships are short-term (Amodio & Showers, 2005). For long-term relationships characterized by high commitment, greater perceived similarity (not less) is what predicts romantic liking. So, ask yourself some tough questions about how similar you and your new partner really are, in terms of values, goals, leisure preferences, open-mindedness, etc. It might give you some good insight into the potential staying power of the relationship.

Have you met his or her friends, and vice versa? If the person you’re dating is open to a long-term relationship, friends and family typically get involved. This makes sense: People tend to want to integrate significant others into their social networks. Indeed, friend approval may be a key factor in the relationship’s long-term success. Evidence suggests that the more friends know a buddy’s romantic partner, and the more they approve of him or her, the less likely it is that the romantic relationship will end (Felmee, 2001).

Is your new partner still checking out other prospects? When people are in exclusive relationships, a fundamental shift occurs in how they unconsciously manage their attentional resources. When an attractive potential partner walks by, research on implicit cognitive processing suggests, committed partners automatically inhibit their attention (Maner, Gailliot, & Miller, 2009). If your love interest doesn’t have eyes only for you, it could be a sign that this is really just a fling: People who consider themselves single heighten their early-stage attention to other possible attractive partners.

Are you afraid of being single? It can be tempting to view a new relationship as an ideal match, if you are especially concerned about being alone. Evidence shows that people who fear being single don’t say that they have lower partner standards, but that they behave in ways that suggest they’re more apt to settle for partners who are less desirable (Spielmann et al., 2013). For example, they might express the same amount of romantic interest in uncaring and inconsiderate prospects as they do in people who are caring and understanding. Being choosy remains important if you’re seeking the real thing.

How does your new love interest react to the idea of commitment? If people want a short-term relationship, and only a short-term relationship, they often employ clever tactics to maneuver out of any situation leading to commitment. People can employ a variety of behaviors to avoid commitment (Jonason & Buss, 2012). They might avoid contact—say, by not responding to texts or messages—or steer clear of intimacy, by avoiding affectionate behavior outside of sex and refraining from “relationship talk." And forget about meeting the friends and family; such activities signal commitment and are often intentionally avoided. People avoiding long-term relationships might even behave in hurtful ways just to stop any relationship progression. If this sounds like your new love interest, the relationship isn’t showing signs of permanence.
There are many factors that can influence whether a new relationship transitions into a long-term connection. The above-cited research provides a starting point for evaluating any new relationship’s potential for enduring love.

Culled from Psychology.com

Ok oh...
In reality, there is no "formula" for love.
Sometimes it works between apparently compatible couples and sometimes it doesnt