₦airaland Forum

eGuerrilla: Sanusi never said funds were stolen outright, he used the word "diverted" instead.
For those of you who don't know, the unauthorised diversion of funds is considered one of the major forms of corruption in the developing world.

I put it to @OP and his co-travelers on this thread that, even on a good day, they are nowhere near Sanusi's equal on matters relating to the workings of the CBN or the Budget Office. Against this background, it behooves you to show some humility.

Oh! SHUT ya tha, @e-Gorilla. Wud you once respect the Intelligence of forum members here, and quit assuming that everyone is endowed with d same pea-sized brain as you!!!.... Sanusi's Unsigned 'letter' said d said amount was 'diverted', alright; but it also said that it was 'not remitted to the Federation Account' within d same period. That is, $50bn was NOT AVAILABLE for Sharing, hence funding, both d Federal and d other 815 Sub-national Budgets, since ALL monies that are used to fund d budgets must 1st be remitted to d Federation Account and then Shared out from there to all tiers of Government during d monthly FAAC meetings. So in what way is d @OP's queries/submissions wrong or misdirected?..... Since you are all so 'smart' and Concerned, maybe you may want to also tell us how $50bn was 'diverted'/'not remitted' to d Federation Account in a year where according to d same Sanusi d Economy grew by more than 6%, d Foreign Reserves grew from about $33bn to $45bn (with d Excess Fund Component growing from around $3billion to more than $9billion), d Naira appreciated by more than 3%, d Nigerian Stock Exchange Capitalisation base had one of its largest growth ever, and more amazingly, Nigeria's Debt Accumulation esp to fund d budget deficit reduced from about #800bn to #600bn. Yet, $50bn was supposed to have been 'diverted', 'stolen', 'not remitted' for that year, and half of d next- ALL these why Crude Oil production actuali decreased to bw 2-2.2million bpd!!! Explain to us 'Einstein' how all these make sense to you. Thanks

Genius100: Reuben Abati is an i-diot. Obasanjo said there are allegations that Snipers are being trained. He then said, this will be a terrible idea if true. What exactly does Abati want OBJ to prove? That there are allegations?

Dear Lawd!!! See DAFT logic. So OBJ 'heard Allegations of Snipers' and decided to 'tell' (read: accuss) a Sitting President by writing an Open Letter, and you say that President should not Demand the Accuser to provide Proof (and explaination) of d 'Allegation' (Accusation)?? What then wud you want him do? Keep Silent, thereby accepting d 'Allegation'.... You chaps shld try not to make yr HATRED and Stupiditi too obvious when pushing yr views. It is common sense...

berem: Its obvious we now know where the missing $49.8billion went to.

Which $49.8bn?? The one you old father stole or what?

@e-Gorilla, sorri e-Guerilla, the money the Commissioner of Ebonyi was talking about has NOTHING to do with d phantom '$50bn'. The Commissioner never made ANY link to it nor was it what he was refering to; that 'link' was made in d headline by Shameless PT, from whom this blogger-Newspaper. NNPC has been paying a particular sum to FAAC every month for sm time now, I bliv about #7billion each month; a sum they also paid in dat last FAAC meeting 3 days ago.

@gregtochi, God bless you...

bloggernaija: There is something about amaechi that makes you just feel comfortable with him.
Two things I like about him are

His independent mindedness -guys know what he wants to do and goes for it.
His tenacity -never backs down. A pure fighter .

Two key ingredient you look for in a good leader
I will happily swap him for the "PHD" clown in aso rock right now.

Amaech's group of 'wayward' Govs have been reduced to 10 out of 36, apparently. That is d bone of contention here, CLOWN. Deal with it..

ballabriggs: You see, the NNPC here is not even saying there is nothing missing. It says its statutory remittance to the federation account of about 27% of total has already been made.

What the NNPC has done is to shift the blame on some other agencies.

However, what the CBN is asking here is its foreign exchange. You exported and under the laws you should bring back foreign exchange to be held by the CBN before we talk of your statutory payments to the DPR and FIRS.

Where is this foreign exchange?

Bwahahahaha.... Grand OLODO!! So let us get it straight here: NNPC shld pay d entire money gotten from d Crude liftings to a CBN Account as 'foreign exchange' 1st (even though they are not statutuary allowed to). Then d CBN wud then pay d monies back to NNPC. Then d NNPC wud pay d 76% share to FIRS and DPR, who wud then pay the share BACK to d CBN in naira (non 'foreign exchange'?), right?? Shebi, am correct. Hehehehehehe ... Your DAFTNESS guy is Legendary!! I must hail you........ By d way, d NNPC made it clear that d entire $67 had been remitted to d CBN by d various collecting agencies cos d CBN itself is amongst d Agencies that meet and sign-off all d figures monthly even b4 Crude is lifted. The GMD NNPC also wondered hw any person wud bliv that $50bn was 'missing' in a country like Nigeria without d Economy been brought to its knees when that amount wud even affect d Economy of d USA (all these additional Info is in the Thisday's Article I hv talked about). I mean we all know that NNPC is/has always been a beacon for corruption, and one wud not doubt much if sm illegal dealings are tied to d way Oil is transacted in this country (one of d reasons some of us are still ASTONISHED at why d PIB hasn't been passed by d NA ova a year after they received, and d deadening SILENCE of d Noisy, Hypocritic 'anti-corruption' battle criers) BUT to say $50bn is just missing in 1.5yrs is an unacceptable Insult to our individual and collective Intelligence

taharqa: You are talking COMPLETE NONSENSE; I bet you know dat, right?...'I want my foreign exchange'! What d fucck does that mean, DAFTY? In which currency do you think NNPC and others paid statuary monies to CBN?? IJIOT.. Just like d #500billion SURE-P and $5billion Excess Crude 'missing' funds allegations, you Clown's Pathetic, pitiable PROPAGANDA wud leave you utterly Disgraced and bereft of any little Integrity left

Abeg, am making this appeal again. It is important...

ballabriggs: Deridemumu arguing with his sophisticated ignorance.

When NNPC exports, it receives foreign exchange held by the CBN.

The CBN has not seen this foreign exchange from Jan 2012 to 2013 thus forcing it to raise alarm.

Stop using your mpiawazu brain to discuss issues you know not about. So you think forex flows in this country are without the CBN? Your Mumu Na die.

lol..tori don dey change so soon; na 'foreign exchange' format now o.... So NNPC and odas remitted d said monies to d Federation Accounts tru d CBN, but didn't remit 'foreign exchange'!. Hehehehehe... #LWKND

PLEASE, can anyone go to Thisday Newspaper and post this same NNPC Rebuttal found there here? It is even more Detailed than this Vanguard's version.. I am not able to post currently, I wud hv done it myself. Many thnks

ballabriggs: Another crude attempt to digress from the topic. Is the NNPC man lacking an understanding of the contents of Lamido Sanusi's letter.

The CBN asks in the letter, where is my foreign exchange?

You the NNPC has exported crude and under the export laws, the proceeds from these exports must be remitted by the NNPC, the exporter and not the FIRS or DPR.

To an extent, the CBN cares less about what has been paid into the federation account as that is an issue for the fiscal authorities. The CBN is concerned about its foreign exchange as this is at the center of its monetary policy direction.

So Mr NNPC who exported and did not remit forex to the CBN should explain what has happened. In this case, the CBN does not know the DPR and FIRS. It knows the exporter, the NNPC.

You are talking COMPLETE NONSENSE; I bet you know dat, right?...'I want my foreign exchange'! What d fucck does that mean, DAFTY? In which currency do you think NNPC and others paid statuary monies to CBN?? IJIOT.. Just like d #500billion SURE-P and $5billion Excess Crude 'missing' funds allegations, you Clown's Pathetic, pitiable PROPAGANDA wud leave you utterly Disgraced and bereft of any little Integrity left

lol... It is only an OLODO that wud read this Extremely IGNORANT statement and call it 'statement of d year'... The Senate and d HOR by their political nature are not Independent in the true sense of that word; that's why political parties controlled them and d President himself is VERY involved in ALL d lawmaking activities of d two legislative bodies. The Police, like d Army and oda Security Agencies, are sm of d most Dependent Agencies of d Executive. Whilst, INEC is Independent by law at least, and that enhanced recently by this Admin by giving them Financial Independence tru a Constitutional Amendment process, d Election is a much complex undataking involving not just INEC but other Agencies like d Police, Army, State Media, and d attitude/disposition of d sitting Govt, all controlled by d Executive/President. The Judiciary howeva is d Most Independent of any body in Nigeria (at least largely) by its very nature, composition and administration. There cannot be any comparison bw Judiciary (esp its higher Courts) and d others, except say d INEC which is limited by oda factors.... You and d owner of d Comment are both Grand OLODOs

Good...

Jesus Christ! See PROPAGANDA!!.... This has NOTHING to do with d $50bn 'missing' money (whateva dat means). NNPC usuali holds FAAC sm money which they hv been defraying (ie paying back), I think around #7billion each month. The Ebonyi Fin Commissioner never linkd it to d so-called $50bn; that was entirely d doing of d SHAMELESS PT....*smh*

[quote author=Omo_Tier1]I not only expect all these to be done in 3 years, I know it can be done! What is our problem as a nation? We have the money, the people, the resources, so why cant we think and do the right thing?

What is so complex in planning and executing a modern railway project complete with functional railway system? The technology is there, the technical know-how exist within the Nigeria railway corporation, the technical partnership exist, so why cant we sit down and design at least two cross country railway lines in a year, get them completed within three years so that we become THE standard others will follow?

How come when South Africa achieve the same we seems to envy them?[/quote]Reali?? 2 Cross-country Rail Lines Planned, Designed and Executed WITHIN 3 YEARS? #youdon'tmeanit. Na where on earth that one don happen, esp with d amount of money to be so expended in a country like Nigeria whose Railways Sector was COMPLETELY COMATOSE 3 years ago??..... Stop making yourself look like a FOOOL just cos of an overaching need to always criticize

TechWalker007: This is what the media team of GEJ should be doing. Having it on Nairaland is the beginning.
There should be some radical publicity of works going on in various states.

The Media Team of GEJ are a Bunch of Antiquatted Human beings, who do not know their left from their right... If you know how long it too me to get this Vid after watching it on NTA sm months ago, u wud undastad why I am tempted most times to direct curses at them... I am presently gathering more Pics and Vids on very important stuffs happening; but d whole tin has taken a huge chunck of my precious time. They SUCCK Big time, I swear...

Pukkah: It is curious that the 'quashing' Court says contract-splitting is 'unknown to law'.

See excerpts from the Public Procurement Act 2007:


Fundamental Principles Section 16(4).
37. The appropriate methods, procedures and contract award for public procurement of goods and works shall be subject to the prior review thresholds as may be set from time to time by the BPP.

38. Value for money obtained through efficiency, fair access to bids and transparency, shall remain the main objective of the Procuring Entity.

39. Contracts shall not be split into smaller units in order to avoid competitive bidding or be distributed among various lots to different bidders to enlarge bidder participation at the cost of lesser economy and efficiency.


I thought it was an exaggeration when it was said that it is somebody's destiny to bankrupt Nigeria.

Public Procurement Act, 2007. Hope you saw d date of d law you are citing, 2007. Thief Bode George and Co were alleged to have committed the particular crime for which they were basically convicted ('contract splitting') BEFORE 2007; and a law can Never be Retrogressive in its effect ie a person cannot be convicted by a law for crimes allegedly committed b4 that law was passed. The Supreme in this case held same: that 'contract splitting was not known to law AS AT THE TIME THE CRIME WAS ALLEGEDLY COMMITTED'. Of course, SaharaReporters left out the Capitalised part of d quote above for obvious reasons. SR also LIED when it said that Dauda, SAN led d case (so as to put 'curry' in their shameless propaganda), when it was d former AGF Agabi, SAN that led d group of other SANs to argue their case b4 d 7 Justices of d Supreme Court.... Read PM News for a more detailed and balanced reportage of d actual judgement, instead of d cooked Propaganda served by SR and Co

Congrats, @louretta...

[quote author=IGBO-SON]As these cargo terminals are being built, the gov't (ministries of trade and agriculture) should ensure that EU and US standards of quality control are brought to bear on all agricultural produce aimed for export. Issues like use of pesticides, appearance and packaging should be settled well ahead of commencement of exportation of these produce.

And i hope they're also using this time to look for markets/buyers of our produce; so the countries concerned can send inspectors to ascertain our level of compliance with their standards before export begins in earnest![/quote]Good point...

I dont undastad: a full panel (7) of Supreme Court Justices gives a Judgement, and sm people are calling d President? What is d business of d President with d Supreme Court and d Supreme Court Judgements??

Hapi bday, Bru...

[quote author=2s£xy]Mr. Man, only God knows what you stand to gain from this but it is quite obvious that you are one of the dogs used to infiltrate the minds of the public. You are a sycophant with a pathetic history for praising mediocrity and below average performances.

Don't you see what other country are doing? Or are you too blind?

How come you have access to these 'videos' that aren't available to the public as you said 'more videos are coming'?

You fools should use your brains for once and stop allowing those monsters use you as a tool. Do you know the magnitude of your actions to the poor man in the street and generations unborn?

Why are you people so wicked like this? I know the day I angrily acted you early this year and people said I shouldn't have done so but have you stopped ever since? NO!

Honestly, I am just trying to contain the anger within, if not you would hate ever being born or coming here.

My God...[/quote]lol ... 1 Vid, you are already Ranting like a Madt man. Wetin you go do when the plenty load dem land??... Abeg, just stay turn

Tintinix: For Real??

For Real...

Misplaced priority FOR NOW oo.... Smone shld hit d bell on d head of d Delta State Government, fast

abokinside: Obj is detribalised because he has been well exposed to different tribes and race at a very early stage of his life, mainly because of his career in the army and international engagements after he left being head of state in 1979, Obj is intelligent, very condident and NEVER fidgety! He was handed a ruined country by Sani Abacha, external debt, of 37b usd, total collapsed economy, civil servants poorly paid yet when he was leaving in 2007, he had paid up all Nigeria's debt, did not borrow a dime rather left an external reserve of over $60b usd, and excess crude account of $22b usd, with an economy that was far better than he met.
But what do we have in Gej all he met he destroyed, external reserve less than 35b usd, excess crude less than 5b usd, external debt has risen above 35b usd, ordinarily every govt coming in should be an improvement on the past, can Gej expain what happen to all the money that has been earn under his watch? What on earth could ve made him deplete all accounts he met so badly ? Is it that he has not eatned a dime since coming to office or what has happened cos there's no infrastructure on ground to show for the totall rape of the nation's resources.
Pls I rest my case, thus is not about trive or clan, Obj is light years ahead of Gej period! Obj is a Nigerian, Gej is an Ijaw man! The ywoare ddifferent

When wud you CLOWNS stop tellina bare-faced LIES; Lies, in which u guys wud be so easily called-out?? Ehmm, Aboki?

More Vids and Pics of Projects are coming and wud be so posted, so that Clowns like d two above wud not stop Wailing. We need to give them reasons for Crying, more...

jp philips: same sanusi claimed that 2013 budget was implemented 75% by Nov, is he claiming that he achieved that with only 24% revenue from the oil receipts?
Now, Mr Sanusi, while you were in Sudan, Nigeria remit oil receipts through the following channels
NNPC
FIRS
NPDC and
DPR
all the above accounts are domiciled in the CBN with a few offshore, if you were any smart, you should ask where these agencies and subsidiaries get their funds from.
you are truly a person to think NNPC remits 100% oil receipts to the FG, shame on you!!

Never knew I cud ever agree with this IJIOT.... Weldone (mouth-in-check)

[quote author=Omo_Tier1]This is the greatest mistake GEJ made and now He will forever regret it. The judgement on GEJ will be swift, and the same jugle mathematics He used to enthrone evil will be used to sweep Him out. Mark this post for posterity.

GEJ thought He was smart, pre- NGF election, the likes of Jang, Akpabio had some voices and were able to talk. Now they are seen a muppet, ignoble characters and dis picante elements of darkness who GEJ is using to create evil in the land.

Posterity will never remember GEJ well, like I said, 2013 was the year He showed Nigerians his true colours, but unknown to him 2014 is the year God will show Him the colours and that will begin from His household.[/quote]The pathetic wailings of a FRUSTRACTED soul.... Lwkmd ... Una haff not seen anytin yet

[quote author=Omo_Tier1]How many people have asked themselves this question:

# Does the constitution of Nigeria invest any power in the senate to bar any Nigerian citizen either born or naturalized from holding any public office?[/quote]Is that d mata on ground, Or the fact that Elrufai ABUSED his Office by seizing choice lands and awarding same to himself, 8 family members and friends? That he appointed aides indiscriminately and paid them obscene amounts, including an NYSC Female 'friend' of his? Or, that sm monies may still not be accounted for sm of d Agencies unda his watch??.... Shebi, na una HYPOCRITES wey want More 'fight against corruption'? Why d complaints now?? Una haff not seen anytin..

Like I said b4: the 'hammar' has started to fall.... I hope they allow Twitter in Kirikiri when this MADTman is eventuali sent there; at least to keep him company..

otokx: Its not about guessing, we will celebrate loudest when the rail line from Ajaokuta reaches Abuja and hopefully by then the other line to Kano or is it Kaduna will be complete but then we doubt. The propaganda is quite a lot, and real work is not taking place, this line again say we had been virtually completed, it actually passes through my village, its just that since different people bought the companies at both ends of the railway line there was not much transaction between them. Delta Steel Company, Aladja gets raw materials by the ports and sells end product same way so the indian owners decided not to invest money on the rail infrastructure.

What are u talking about? I can't seem to get d head or tail of it. Hope u are OK, @otokx...

soe: How many attended?

8 Govs, 2 Deputies....