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Amaechi Spent N53bn From N55bn Reserve Fund – Panel - Politics (5) - Nairaland

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2015 Elections: Amaechi Spent $150m On APC Campaign – Wike / Amaechi Spent N82million To Host Prof Soyinka To A Dinner - Rivers State / FG Recovers N55bn From Oil Swap Deal (2) (3) (4)

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Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by HopeAtHand: 9:07pm On Oct 07, 2015
TonyeBarcanista:
Enemy of rivers state

Nope..i represent the truth.i stand for equality..and i believe in fair hearing..and i abhor corruption,

Its a sin for Maradona to accuse Suarez of cheating in a field of play...Maradona of all people.
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Nobody: 9:08pm On Oct 07, 2015
you are _dumb AF. dont you know how you lot already found her guilty even without being prosecuted? how is amaechi different from dezaqini? Are not talking about corruption? or APC is not exempted from the corruption war? stop being a _dunce. just go bury your shameless face in the sand
Olayinka8793:
e be like say you have memory loss,how was Diezani's trial in U.K related to the present APC govt? Let her sort out herself and if she manage to survive jail in U.k,she will come back home to face fresh corruption charges and that is when u should be shouting hypocrisy.
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by bashydemy(m): 9:10pm On Oct 07, 2015
playtheblues:
Is Dezieani innocent until proven guilty too?
Well if you say so, But remember she is facing money laundering charges in UK...
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by ezebunafo(m): 9:13pm On Oct 07, 2015
playtheblues:
Is Dezieani innocent until proven guilty too?
direct your question to uk police,after all U.S.A will know if money is missing.
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by IBBG(m): 9:16pm On Oct 07, 2015
bashydemy:
Abeg help me ask them who save the money for reserve oooooo
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Nobody: 9:18pm On Oct 07, 2015
Bad market for Amaechi
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by ahaika23: 9:19pm On Oct 07, 2015
Amaechi will go to jail. Quote me and die. cheesy
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by bashydemy(m): 9:21pm On Oct 07, 2015
IBBG:
na amaechi get the money or na rivers state money?
And any proof that 52Billion naira is missing?
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by aresa: 9:27pm On Oct 07, 2015
Instead of the dumb and cowardly Amaechi spent title, why not just come out and say Amaechi stole ...?

These clowns are not ready for prime time..

Amaechi made PMB's list because he passed background and security checks.. meaning no stolen money, no foreign bank accounts and so on...


Jobless temporary governor. grin

1 Like

Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by IBBG(m): 9:28pm On Oct 07, 2015
STFUareyouGod:
They should all do an ostrich and bury their faces in the sand. Amaechi's looting of Rivers state treasury is as obvious as the word obvious itself. but these shameless hypocrites wont see that. they call it witchhunting. smh
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by warrior01: 9:28pm On Oct 07, 2015
aresa:
Instead of the dumb and coward Amaechi spent title, why not just come out and say Amaechi stole ...?

These are not ready for prime time..

Amaechi made PMB's list because he passed background and security checks.. meaning no stolen money, no foreign bank accounts and so on...


Jobless temporary governor. grin

1 Like

Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Demdem(m): 9:28pm On Oct 07, 2015
IbokUtoroh:
demdem i need ur views in this.

Form ur own opinion fool. what i say wont change the path of eediocy u have chosen to thread.
@ Thread, very funny report. so upon all the shout about monorail etc this is the only thing these fools av been able to bring up? i was expecting to see Amaechi stole so so amount, diverted so so funds to so so bank accounts or so so houses or companies were purchased by Amaechi that are proceeds of corruption but nothing of this surface instead this none issue. This panel has shown to be incompetent like their master wike. The issue raised in the final report is a no issue because it has been thrashed before on this forum

https://www.nairaland.com/2590130/amaechi-stole-n53.930bn-reserve-fund

below were my comments:


First and foremost, the op is a fool for the headline he gave. No where in the post was it alleged that Amaechi stole.
Secondly, The reserved fund is a brain child of Amaechi himself who chose to save a certain percentage of income during the boom period, a feat jonah-daft never achieved at the center. that is a huge plus for Amaechi.
Thirdly, when income was dwindling, Amaechis reserve fund came to the rescue which was used to sustain the state. Each withdrawal had the backing of the HOA which is the representation of the people so it was a collective decision to withdraw and sustain the state.
Below are highlights from the report:

Ongoing probe of the administration of former Rivers State Governor, Rotimi Amaechi by the State Judicial Commission of Inquiry has revealed how the sum of N53.930 billion was withdrawn out of the total N55 billion saved in the state reserved fund, originally meant to serve as a bail-out for the state in the case of emergency.

The witness told the Commission about four different resolutions of the State Assembly, which culminated in the withdrawals made.

According to him, the first resolution was made in 13 February, 2014, followed by the second and third resolutions which took place on 25 February, 2014 and 20 October, 2014 while the fourth and last resolution was made on18 May, 2015 prior to the handover of the former governor.

Based on the resolutions passed, the witness stated that Amaechi withdrew N30 billion, N19 billion, and N5 billion, apart from the fourth request of N1billion, which he recollected though was granted, but could not be withdrawn by the governor based on the protest by the funds trustees

via the e-mail that, no list of expenditure was attached, to know what the projects would be executed for

http://www.thetrentonline.com/amaechi-stole-n53-930bn-from-reserve-fund-rivers-probe-commission/


[b]While his contemporaries especially in the SS like Udaughan, Dickson etc were receiving allocation and destroying the entire thing every month, Amaechi chose to save a certain percentage and when income went down due to falling oil price, he cried to no one but his savings. Only a fool will expect Amaechi to save for the thug Wike to come and spend. Infact, Amaechi no try at all, he would have collected the entire savings to offset part of the debts of the state. When wike was leaving Obia akpor LGA, how much did the thug leave for his successor? Amaechi did no wrong here, only a fool will think otherwise. The truth is the bulk of the sums was paid for both recurrent and capital expenditures because income from jonah-daft run FG is running down due to their thievery at the center afterall, though oil price is still down yet Wike is receiving far more that what was given to amaechi.

Very shoddy job done by omereji. If a man was paid to do a job and he refused to do it, how does it concern Amaechi especially if no links is found between the man and Amaechi? is it not the job of wike to pick up the thief and prosecute?
[/b]

1 Like

Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by IBBG(m): 9:35pm On Oct 07, 2015
bashydemy:
And any proof that 52Billion naira is missing?
I thought u were asking who saved the money. so why change direction?
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Olayinka8793(m): 9:40pm On Oct 07, 2015
STFUareyouGod:
you are _dumb AF. dont you know how you lot already found her guilty even without being prosecuted? how is amaechi different from dezaqini? Are not talking about corruption? or APC is not exempted from the corruption war? stop being a _dunce. just go bury your shameless face in the sand
fool,99 percent of naija politicians and govt appointees are thieves including Amaechi and Fashola,the difference between them and your frog eyed Diezani was that they stole with sense and are proven performers with verifiable achievements to show for it unlike your madam whose kleptocracy knows no bound and worst still she was not known to have any major achievements credited to her to have made her reward herself by over looting.
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Icecream4U(m): 9:40pm On Oct 07, 2015
Olayinka8793:
As if Wike is a saint,I wished Bubu make Amaechi minister of education so he get to revenge by probing Wike's tenure as education minister,or minister of defense or any other ministry that would enable him deal with wike.
it's a wish but i tell you it's has been granted. Wike will go on his knees to beg Amaechi. Boss na boss, juust wait and see.
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by speedyGonzales: 9:41pm On Oct 07, 2015
I hope Ameachi goes away, because I take it personally that he destroyed Port Harcourt absolutely, Port Harcourt now looks like what Akwa Ibom use to look like. Alter crap...
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Nobody: 9:44pm On Oct 07, 2015
Olayinka8793:
fool,99 percent of naija politicians and govt appointees are thieves including Amaechi and Fashola,the difference between them and your frog eyed Diezani was that they stole with sense and are proven performers with verifiable achievements to show for it unlike your madam whose kleptocracy knows no bound and worst still she was not known to have any major achievements credited to her to have made her reward herself by over looting.
This coming from a supposed future leader? Are you actually trying to justify looting/stealing? shocked Your case is irredeemable. I give up on you!


#peakofhypocrisy #whichwaynigeria?
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Demdem(m): 9:46pm On Oct 07, 2015
[b]In summary, here are the facts:

Whats there anything like reserve fund before Amaechi - NO.
What is the aim of the reserve fund? - For days when income will fall.
Was there any such period? - yes and it lasted for more than a year. Income far less than than what the budget estimated.
WHat did Amaechi do when Income started dwindling? - Instead of going to banks to borrow, the Lion simply went into his savings. A feat Jonah-daft never acheived at the center.
Did Amaechi solely Withdrew the monies secretly? - Absolutely not. It went to the house of Assembly where it was debated and approved to be withdrawn. In otherwords, the entire state was in support of the withdrawal. it wasnt amaechis sole decision.
is it true that records of how the money spent cant be found? - Thats a big lie. Omereji did a shoddy job. let him go down to the records of the states and it will be found.
Did Amaechi did any wrong? - yes, just one. he chose to leave a balance of one billion plus for the thug Wike to spend when he still had other liabilities those monies would have gone to.
[/b]

2 Likes

Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by IbokUtoroh(m): 9:50pm On Oct 07, 2015
Demdem:


Form ur own opinion fool. what i say wont change the path of eediocy u have chosen to thread.
@ Thread, very funny report. so upon all the shout about monorail etc this is the only thing these fools av been able to bring up? i was expecting to see Amaechi stole so so amount, diverted so so funds to so so bank accounts or so so houses or companies were purchased by Amaechi that are proceeds of corruption but nothing of this surface instead this none issue. This panel has shown to be incompetent like their master wike. The issue raised in the final report is a no issue because it has been thrashed before on this forum

https://www.nairaland.com/2590130/amaechi-stole-n53.930bn-reserve-fund

below were my comments:








http://www.thetrentonline.com/amaechi-stole-n53-930bn-from-reserve-fund-rivers-probe-commission/


[b]While his contemporaries especially in the SS like Udaughan, Dickson etc were receiving allocation and destroying the entire thing every month, Amaechi chose to save a certain percentage and when income went down due to falling oil price, he cried to no one but his savings. Only a fool will expect Amaechi to save for the thug Wike to come and spend. Infact, Amaechi no try at all, he would have collected the entire savings to offset part of the debts of the state. When wike was leaving Obia akpor LGA, how much did the thug leave for his successor? Amaechi did no wrong here, only a fool will think otherwise. The truth is the bulk of the sums was paid for both recurrent and capital expenditures because income from jonah-daft run FG is running down due to their thievery at the center afterall, though oil price is still down yet Wike is receiving far more that what was given to amaechi.

Very shoddy job done by omereji. If a man was paid to do a job and he refused to do it, how does it concern Amaechi especially if no links is found between the man and Amaechi? is it not the job of wike to pick up the thief and prosecute?
[/b]
u dey call buhari fool or na ur papa?

1 Like

Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by bnovative(m): 9:50pm On Oct 07, 2015
tayebest:
Ameachi remains innocent until claim guilty in the court of law!

Dazzol
I wish u had the same opinion on other accused persons esp. Alison Madueke. But no! She must be guilty before the court even considers her case. This hypocrisy is legendary.
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Shantyken(m): 9:54pm On Oct 07, 2015
alcmene:
The Rivers State Judicial Commission of Inquiry on Wednesday submitted its report to the State Governor, Nyesom Wike, with an appeal to him to recover stolen funds belonging to the people, including the sum of N53 billion taken from the State Reserve Fund.

The commission was set up by Wike to investigate the sale of valued assets belonging to the state by the Rotimi Amaechi administration.

Chairman of the commission, Justice George Omereji, suggested that the state governor should swing into action and ensure that billions of Naira belonging to the state stashed away in some places were returned while those found culpable should be prosecuted.

Omereji, who spoke with newsmen after submitting the panel’s report, disclosed that investigation had revealed that the immediate past administration in the state had removed N53 billion from the N55 billion left in the State Reserve Fund between 2014 and May 2015.

He explained that the commission could not find any project linked to the withdrawal of the N53billion from the state reserve fund and added that the money was shared among cronies of the past administration.

Describing the task given to the panel as enormous, Omereji also disclosed that the immediate past administration could not actualise the building of the Justice Karibi Whyte Hospital, even when a huge amount of money had been paid to contractors for the project.

He said, “There was the sum of N55 billion in the State Reserve Fund. Between 2014 and May 2015, they (immediate past administration) were able to remove N53 billion and we found out that the money (N53 billion) was not used for the projects in the state. The money went to individuals. From the papers submitted to us, we also found out that the money was given to people they like.

“We went to the site of the Justice Karibi Whyte Hospital, we did not see anything at all. When I told the project contractor to come with us (panel) to the place, he said snakes would bite us.

“But I insisted that we should go there. Behold, by the time we went inside, we did not see anything. The whole billions of Naira given to the man cannot be accounted for. We have recommended that those found culpable should refund the money. We even recommended that some people should be prosecuted.

“I don’t want to tell you those that will be prosecuted. It is not good for me to reveal the content of the recommendations now because we have just submitted our report.”

Earlier, Omereji had informed the governor that 27 memoranda and 142 exhibits were received by the commission and added that 25 witness testified before the panel.

“We hope that the government will act fast and by the time the government looks into this report and act fast, it will be able to recover billions that are still stashed in where they kept them.

“That money belongs to Rivers people and they should be recovered so that we can use it for the people of Rivers State,” Omereji insisted.

He, however, thanked Wike for giving him and members of the panel the opportunity to serve the state, promising to be available to serve whenever the need arises.

Responding, the state governor vowed to implement the recommendations of the Omereji-led panel and maintained that his administration would not be intimidated by any person or group of persons.

http://www.punchng.com/news/amaechi-spent-n53bn-from-n55bn-reserve-fund-panel/
1 tym councillor,1 tym speaker state houx,1 tym chair of naija gov forum,1 tym gov all for 1st n 2nd term. And d senate presido will pls my former gov take a bow n leave. Pdp sori
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Demdem(m): 9:56pm On Oct 07, 2015
IbokUtoroh:

u dey call buhari fool or na my papa?

Fool, i knew u were empty before now. U just confirmed it. grin grin
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Charly68: 9:58pm On Oct 07, 2015
He was the one who initiated the idea of keeping a reserve for the state & when GEJ starved him of fund in under the guise of dwindling revenue he withdrew money from the state's reserve with the approval of the then house of Assembly ,in what way has he broken any law ? These people are just calling dog a bad name in order to kill it..in any case his role in bringing opposition party to the central can not be ignored ..to do so will give room for same wailing wailers opportunity to castigate Mr President ..claiming that he is a use & dump man. Ameachi for minister of Niger Delta ...

1 Like

Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Nobody: 9:58pm On Oct 07, 2015
HIGHESTPOPORI:
Ameachi must return Rivers 53Billion
he must! Except if Buhari wants to prove to us APC has a different rule and constitution that governs them
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Demdem(m): 10:01pm On Oct 07, 2015
Charly68:
He was the one who initiated the idea of keeping a reserve for the state & when GEJ starved him of fund in under the guise of dwindling revenue he withdrew money from the state's reserve with the approval of the then house of Assembly ,in what way has he broken any law ? These people are just calling dog a bad name in order to kill it..in any case his role in bringing opposition party to the central can not be ignored ..to do so will give room for same wailing wailers opportunity to castigate Mr President ..claiming that he is a use & dump man. Ameachi for minister of Niger Delta ...

NONE !!!!
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Goke7: 10:01pm On Oct 07, 2015
PDP is an agbaya party. Who are they to tell the ruling party who to appoint, they are only wasting time. Honestly some guys should just be ready to go on exile when amaechi is confirmed as minister.

They could not stop his nomination and neither will they stop his confirmation
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Hilaskee(m): 10:03pm On Oct 07, 2015
Go and present it in court. CRA has sued for damages so go to court to present your evidences. Simple!

1 Like

Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by welis1(m): 10:06pm On Oct 07, 2015
Who is talking about reserve fund? Was it not the same PDP that said there was no reserve fund that it was a channel to loot. Now you are asking after reserved fund. #makingamaechipopular

1 Like

Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Bitterleafsoup: 10:07pm On Oct 07, 2015
size40:
From which Reserve fund are they talking about? From the fund saved by Diette Spiff, Okilo, Ada George or Odili's govt or the fund saved by Amaechi's govt.
Did he save it to spend on Buhari? You people are too much!
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by Demdem(m): 10:12pm On Oct 07, 2015
Ugik:
politics is a game of who gets what and how cos Amaechi is been indicted, APC folks here are screaming witch hunt while the pdp folks are having a funfilled day with the news. if it was dizeani, APC wouldn't have seen it as anything wrong. everyone here is been hypocritical with the truth and the truth remains that no matter how you tend to look at it, Amaechi cannot be exonerated from any of these allegations. anyone saying other wise is been a blind supporter and at the end, they only care about them selves

Shut ur trap. where in the opening post was Amaechi indicted?
Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by aresa: 10:13pm On Oct 07, 2015
Bitterleafsoup:
Did he save it to spend on Buhari? You people are too much!

And what proof do you have that it was spent on Buhari...... you must have pulled that out of your asssx grin

1 Like

Re: Amaechi Spent N53bn From N55bn Reserve Fund – Panel by 1shortblackboy: 10:15pm On Oct 07, 2015
28octo:
The tone of the chairman is one of a biased mind. Such a person no matter how learned can never be objective with a report such as this. Am not a rivers person but there's something I know of Amechi, he is never a reckless person.
something u know of ameachi? Are u his son? Father? Brother? Or cousin oh ur not even from Rivers state. What u know of Ameachi smh

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