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Budgetgate And The 2 Trillion Fraud - Politics (3) - Nairaland

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Re: Budgetgate And The 2 Trillion Fraud by Nobody: 11:00am On Feb 18, 2016
snailspeed:
I have watched the Federal government continue to embarras themselves in what is arguably one of the biggest executive scandals in Nigeria's history. But what has really gotten my attention is their very unprofessional and downright deceptive response to the whole quagmire. It has gone from the very bizzaire to the outrightly deceitful and I feel there is a need to put the records straight, especially for future reference.

The most bizzaire response has seen the ministers outrightly deny their own ministries budget like Shaggy singing, "It wasnt me". This has written a new chapter to the country's corruption story. If the ministers didnt write those budgets, then we are in a bigger trouble than we actually know. This means we have a government that cannot manage themselves let alone manage 170 million Nigerians. It also means all the ministers are shockingly incompetent. It also implies that there is serious monumental corruption going on in the ministries and government agencies as we speak.

Before the government apologists try to ram it down our throats that it is those around the president that are involved, let us not fail to remind them that some of the most embarrasing corruption and fraudulent items in the budget came from the presidency. Yes, you heard it right! It came from the acclaimed squeaky clean, saintly PMB.

But let us get down to the real business of the day. I am really woried that even the opposition and many analysts of the budget have missed the biggest issue yet.

What is the biggest issue with the 2016 budget?

The biggest issue with the 2016 budget is this: If you go through the budget, you will suddenly realise that about 2 trillion Naira in the bugdet are made up of fraudulent and ghost line items. That means that of the over 6 trillion budget presented by Buhari, the real and credible budget is just around 4 trillion. The rest is fraud and money meant to be shared by government and party cronies. This is most alarming when you realise that about 2 trillion is going to be sourced as loan to fund the budget. That means, Nigeria is trying to source for loans to fund coruption.

We are about to take loans to fund massive theft!

Somethig really twisted happened in some of the ministries in their bid to cover up their fraudulent items. When the budget was first released by the BudgtIT folks (credit to them for exposing the budget from the unset and preventing the FG from getting away with the fraud), and then withdrawn, this is what some of the ministries did.

To fix the fraudulent items in the budget, what the ministries and agencies (including the presidency) did was either:

1. Remove the fraudulent line items that have been exposed but distribute the amount from those line items among the other items. For example, Lets say a ministry budgeted 200 million for computers, 300 million for tables and 500 million for boreholes (That is a total of N1 billion). If, for example, the table budget was flagged as fraudulent, they will simply remove the table item of 300 million but share that 300 million between the computers and borehole budget. So they will return the budget with the 1 billion total unchanged, but this time, the computers budget will be 400 million and the borehole will be 600 million. This is a very shocking display of fraud and skilled corruption. If the computer budget is flagged as fraudulent, what should have simply happened is that the ministry should have removed the computer budget and returned the budget as 700 million, not 1 billion.

2. Remove the fraudulent line items and assign the value as new budget items. In this case, whole new items where inserted into the budget altogether to make up the amount removed. What is again alarming is why they must spend the funds. The concept of a budget is not to create items that must be purchased. It is not a blank check for government officials to go on a shopping spree

It is really worrisome that the Buhari government is hell bent on spending the over 6 trillion even when it is not justifiable. This is why we must reject any budget that is above 4.5 trillion Naira. Any budget that comes back from the FG that is above 4.5 trillion is definitely a crooked budget. This is also why we must insist that the FG should not borrow any funds for now as any funds borrowed to fund the budget is actually funds borrowed to line the pockets of government cronies.

Any budget that comes back from Buhari that is above 4.5 trillion is fraudulent!

I have seen some APC youths go on social media to celebrate the sacking of the DG of the budget office. Question is, what does that take away from the monumental budget fraud? Was the budget of the ministries written by the budget office. The ministers have all gone to the NASS to defend their budgets. I didnt see anyone whose budget was written by the budget office and the ministers are all walking free and laughing at the rest of us.

Sacking the DG of the budget office is just late damage control and trying to get a fall gyuy to take the heat. The ministers who all presented fraudulent budgets are still roaming free and laughing at the rest of us. And please stop telling us the presidency put it up for scrutiny!! We all had several copies each before they attempted that damage control. The scandal had already trended as #BudgetOfYams for several weeks before that weak attempt by the President's spokeman to make us believe they wanted it scrutinised! That train had left the station since December!
This is a most shameful note in the history of this country but we must continue to call out Buhari and his governance team. If we sleep for one moment, we might all wake up one day to see some rich Arab sheik has bought the country and has the C of O.
If an Arab sheik does purchase our nation. We would have a definite stop to all this nonsense.
Infact, it should happen a bit faster to object this nonsense.

2 Likes

Re: Budgetgate And The 2 Trillion Fraud by Nobody: 11:00am On Feb 18, 2016
This is the gate of hell that was said by My Bishop/Mentor - Bishop David O. Oyedepo. God is watching Nigeria

3 Likes 1 Share

Re: Budgetgate And The 2 Trillion Fraud by obailala(m): 11:02am On Feb 18, 2016
9jatriot:
While it is true that the budget has been an embarrassing situation, we are glad to know that it was not swept under the carpet as we know that the previous government would have done. This is the kind of budget that we have been passing year in year out and has led to no development and has resulted in no development. I am glad that for once the parliament is really doing its oversight function for once. I said it before and will say it again, PDP did APC and Nigeria a great favour without knowing by pointing out the errors. Nigeria will be better off for it.

I always said it that PDP is best suited as an opposition party, now for the first time in Nigeria's democratic history, we have a NASS that is actually scrutinising the budget. If this isn't a great benefit of CHANGE, what else is?

1 Like

Re: Budgetgate And The 2 Trillion Fraud by Kangol99(m): 11:04am On Feb 18, 2016
#DansukiGate ...... Now #BudgetGate ............new gates keep opening after one another.... PMB O dowo yin ooooo
Re: Budgetgate And The 2 Trillion Fraud by plaetton: 11:08am On Feb 18, 2016
Joshthefirst:
Oga how far na.

Fine.
Long time.

How have you been?
smiley
Re: Budgetgate And The 2 Trillion Fraud by godoluwa(m): 11:08am On Feb 18, 2016
[s]
9jatriot:
Hiiiiii, has d budget been passed the way it is yet? is the government not making effort to correct d budget rather dan try to force it through? have minister not rejected d error filled ones? withdrawal of the budget can be done by deleting d wrong figures and putting in d correct figures, it must not be in d way prescribed by fayose.
[/s] stop defending fraud

7 Likes

Re: Budgetgate And The 2 Trillion Fraud by thunder74(m): 11:09am On Feb 18, 2016
When I said Buhari does not have budget and National Assembly to audit his spending as Military head of state and that he may be corrupt too, some people wanted to cut off my head. A lot happened in the dark and the reason he censored the press then and wants to do now.
Guess what, the world has changed.
This was my contribution yesterday. If we are allowed to investigate all that happened before the Buhari second coming, you will agree with me that all the people that are in APC today are the problem of Nigeria.

8 Likes

Re: Budgetgate And The 2 Trillion Fraud by Rolings: 11:09am On Feb 18, 2016
fitzmayowa:



Play opposition you are the one who should be cured of ignorance here, sorry ooo Abi you follow chop out of the Abuja rice...cheesy grin cheesy

Start looking for ways to return your share of the dasuki arms money because every PDP member one way or another got a share of that money. Sharing is not new and no big deal in politics , everyone is in politics for his or her share. But when you share money meant to procure arms for soldiers to defend the country it becomes a crime . At least it has not been proven that the rice money is arms money . So tell your ineffectual bufoon and his goons to return all stolen money.
Re: Budgetgate And The 2 Trillion Fraud by deathmen12: 11:11am On Feb 18, 2016
When ever i hear pple say that d fg make mistake it get me angry, cos av heard sum fools says no 1 is above mstake...as an individual b4 u sumit ur cv or letter 2 any company u take time 2 cross check it to avoid error, nt talk les of a whole national budget. Wat a shame
snailspeed:


1. It cannot be swept under the carpet because it was exposed by people who will make sure it doesn't! The world has changed. The last government did not sweep the complains under the carpet. They responded by reducing several line items.

2. This is not the kind of budget we have been passing before. We have never passed a 6 trillion budget with about 2 trillion fraud nor have we ever had a budget that required a third of it to be funded from loans.

3. Referring to the fraud as errors is laughable. They are not errors. They are outright theft and a brazen one at that

2 Likes

Re: Budgetgate And The 2 Trillion Fraud by joseph1832(m): 11:13am On Feb 18, 2016
Why all this brouhaha about the budget? Didn't critics say PMB copied GEJ budget, so what were they expecting from it, a not corrupt budget?

1 Like

Re: Budgetgate And The 2 Trillion Fraud by dustydee: 11:15am On Feb 18, 2016
TechWalker007:


At the bolded, Buhari did not withdraw the fraudulent budget, he did not apologize to Nigerians but he sacked a DG

How can one sack the DG and leave the same fraudulent budget in NASS for it to be passed? Same budget for which he blamed Budget Mafia and sacked some people. If it's fraudulent enough to sack people, why has it not been withdrawn and every fraudulent line item removed.
I thought the duty of the NASS is to review the budget before passing it into law. If the mistakes have been acknowledged and in some cases the ministers have been asked to resubmit estimates, I see no reason why it has to be withdrawn. the good thing is that these things were spotted before it was passed unlike in the past.
Re: Budgetgate And The 2 Trillion Fraud by HirstMOG(m): 11:16am On Feb 18, 2016
#budgetgate!!!!
Re: Budgetgate And The 2 Trillion Fraud by Folksyharry(m): 11:23am On Feb 18, 2016
This budget really needs to be recalled. It it's passed then it's a huge shame on all Nigerians
Re: Budgetgate And The 2 Trillion Fraud by opwa4us(m): 11:23am On Feb 18, 2016
snailspeed:


You argument is very weak bro.

1. The frivolous items didn't somehow find their way into the budget. It was deliberately put there by human beings. Your use of such a phrase gives you up blatantly.

2. The total amount is a problem as long as almost a third of the budget is fraud. We are not talking about 1% fraud here. This is really mind boggling

3. The reason the ministers didn't defend it is because it is indefensible! Any attempt to defend it will leave anyone with a black eye. Even the APC social media zombies could not defend it. If it was not that bad, the ministers would definitely have defended it. You recall lie Mohammed initially tried to defend it, but when the revelations kept coming out, he got overwhelmed. They thought they could still pull it through but they were greatly mistaken. If the president was interested in public scrutiny, he would have made a statement a long time ago and pulled the budget back. But what did he do then? He attempted to steal it. Have you forgotten that? Have you forgotten how we ended up with two budgets? Aha

U can't say his argument his weak bro. I believe u are the one ignoring the reality. I would say be it PDP or APC, there is no difference and no saint. The fact that the national assemble took it upon there self to scrutinize it well is a plus for the change agenda. I stand to say this is not different from the budgets of yam we have been passing since the arrival of democracy. The 6trl shouldn't be a point of subject but the efficiency of the lines included in it. And don't forget this civil servants in the budget office are responsible for the errors in the previous budgets with the help of each ministry.
Re: Budgetgate And The 2 Trillion Fraud by Pavarottii(m): 11:25am On Feb 18, 2016
9jatriot:
Am not talking about the total amount, I am talking about the padding and the likes. Not even presidency has defended the budget so why should I? I am saying that I am happy that it was not swept under the carpet but was exposed. That is my take on the matter.
After all ur take and all.if ur buhari doesn't reduce the budget den u simply don't av any point.

3 Likes

Re: Budgetgate And The 2 Trillion Fraud by Joshthefirst(m): 11:31am On Feb 18, 2016
plaetton:


Fine.
Long time.

How have you been?
smiley
I've been great. Happy new year Sir.
Re: Budgetgate And The 2 Trillion Fraud by deadie(m): 11:34am On Feb 18, 2016
9jatriot:
Hell no, I never said so. I am saying that it is a good thing that these errors were detected giving us an opportunity to correct it. That has been my position since I have been having this discuss with snailspeed.

I am surprise that you think that I want it passed like that when the last paragraph of what you quoted says otherwise.


Please how much is your salary? Could you tell me how to apply for an AFDO (APC Fraud Defence Officer) position?

8 Likes 2 Shares

Re: Budgetgate And The 2 Trillion Fraud by henrysam(m): 11:38am On Feb 18, 2016
For defending indefensible APC and it's Cohorts are shameless.
By the time this party will finish with Nigeria Sudan and Somalia case will be a child's play

1 Like

Re: Budgetgate And The 2 Trillion Fraud by kyaky(m): 11:40am On Feb 18, 2016
[quote author=snailspeed post=42970875]I have watched the Federal government continue to embarras themselves in what is arguably one of the biggest executive scandals in Nigeria's history. But what has really gotten my attention is their very unprofessional and downright deceptive response to the whole quagmire. It has gone from the very bizzaire to the outrightly deceitful and I feel there is a need to put the records straight, especially for future reference.

The most bizzaire response has seen the ministers outrightly deny their own ministries budget like Shaggy singing, "It wasnt me". This has written a new chapter to the country's corruption story. If the ministers didnt write those budgets, then we are in a bigger trouble than we actually know. This means we have a government that cannot manage themselves let alone manage 170 million Nigerians. It also means all the ministers are shockingly incompetent. It also implies that there is serious monumental corruption going on in the ministries and government agencies as we speak.

Before the government apologists try to ram it down our throats that it is those around the president that are involved, let us not fail to remind them that some of the most embarrasing corruption and fraudulent items in the budget came from the presidency. Yes, you heard it right! It came from the acclaimed squeaky clean, saintly PMB.

But let us get down to the real business of the day. I am really woried that even the opposition and many analysts of the budget have missed the biggest issue yet.

What is the biggest issue with the 2016 budget?

The biggest issue with the 2016 budget is this: If you go through the budget, you will suddenly realise that about 2 trillion Naira in the bugdet are made up of fraudulent and ghost line items. That means that of the over 6 trillion budget presented by Buhari, the real and credible budget is just around 4 trillion. The rest is fraud and money meant to be shared by government and party cronies. This is most alarming when you realise that about 2 trillion is going to be sourced as loan to fund the budget. That means, Nigeria is trying to source for loans to fund coruption.

We are about to take loans to fund massive theft!

Somethig really twisted happened in some of the ministries in their bid to cover up their fraudulent items. When the budget was first released by the BudgtIT folks (credit to them for exposing the budget from the unset and preventing the FG from getting away with the fraud), and then withdrawn, this is what some of the ministries did.

To fix the fraudulent items in the budget, what the ministries and agencies (including the presidency) did was either:

1. Remove the fraudulent line items that have been exposed but distribute the amount from those line items among the other items. For example, Lets say a ministry budgeted 200 million for computers, 300 million for tables and 500 million for boreholes (That is a total of N1 billion). If, for example, the table budget was flagged as fraudulent, they will simply remove the table item of 300 million but share that 300 million between the computers and borehole budget. So they will return the budget with the 1 billion total unchanged, but this time, the computers budget will be 400 million and the borehole will be 600 million. This is a very shocking display of fraud and skilled corruption. If the computer budget is flagged as fraudulent, what should have simply happened is that the ministry should have removed the computer budget and returned the budget as 700 million, not 1 billion.

2. Remove the fraudulent line items and assign the value as new budget items. In this case, whole new items where inserted into the budget altogether to make up the amount removed. What is again alarming is why they must spend the funds. The concept of a budget is not to create items that must be purchased. It is not a blank check for government officials to go on a shopping spree

It is really worrisome that the Buhari government is hell bent on spending the over 6 trillion even when it is not justifiable. This is why we must reject any budget that is above 4.5 trillion Naira. Any budget that comes back from the FG that is above 4.5 trillion is definitely a crooked budget. This is also why we must insist that the FG should not borrow any funds for now as any funds borrowed to fund the budget is actually funds borrowed to line the pockets of government cronies.

Any budget that comes back from Buhari that is above 4.5 trillion is fraudulent!

I have seen some APC youths go on social media to celebrate the sacking of the DG of the budget office. Question is, what does that take away from the monumental budget fraud? Was the budget of the ministries written by the budget office. The ministers have all gone to the NASS to defend their budgets. I didnt see anyone whose budget was written by the budget office and the ministers are all walking free and laughing at the rest of us.

Sacking the DG of the budget office is just late damage control and trying to get a fall gyuy to take the heat. The ministers who all presented fraudulent budgets are still roaming free and laughing at the rest of us. And please stop telling us the presidency put it up for scrutiny!! We all had several copies each before they attempted that damage control. The scandal had already trended as #Budget OfYams for several weeks before that weak attempt by the President's spokeman to make us believe they wanted it scrutinised! That train had left the station since December!
This is a most shameful note in the history of this country but we must continue to call out Buhari and his governance team. If we sleep for one moment, we might all wake up one day to see some rich Arab sheik has bought the country and has the C of O.
[color=#990000][/color]

Please be informed that the budget of each ministry is submitted to the budget office of the federation and there after if the budget mafias in the budget office inflates the figures and the budget is approved, there will be excess some ministries budget which the mafia begin to blackmail, lobby or out rightly negotiate for kickbacks upon release of those said funds to these MDA's.
It should be noted that the minister oversea the activities of the ministry but also has other directors who can lobby for juicy kick backs like it was business as usual in the past govt. Please lets forget about party line and let s work together as a team and make Nigeria move forward. For it is better to work together as a team and move Nigeria forward than oppose the government for the next four years.

1 Like

Re: Budgetgate And The 2 Trillion Fraud by Wallade(m): 11:40am On Feb 18, 2016
My opinion:
I don't think PMB should withdraw the budget. We all know that the budget is a mess but there is no time to pull it out, work on it and return it. It is still the responsibility of the house of assembly comprising the senators and representatives to assess, review and ultimately approve the budget. So let them clean it up, if they can, especially since each department and ministry will defend the budget at the house of assembly.

It is nice to see PMB axe the DGs, ESies and Budget Office staff for this national embarrassment. Ultimately, this must not happen with the 2017 and subsequent budgets.

1 Like

Re: Budgetgate And The 2 Trillion Fraud by francizy(m): 11:45am On Feb 18, 2016
snailspeed:


It is indeed a very wide gate. A most shocking one to boot!

#budgetgate

TechWalker007:


At the bolded, Buhari did not withdraw the fraudulent budget, he did not apologize to Nigerians but he sacked a DG

How can one sack the DG and leave the same fraudulent budget in NASS for it to be passed? Same budget for which he blamed Budget Mafia and sacked some people. If it's fraudulent enough to sack people, why has it not been withdrawn and every fraudulent line item removed.

I call on you two and other well meaning Nigerians to desist from arguing with lost souls on here. These people know very well that their god is a fraudstar but will defend him till death, maybe because of one or more monetary benefits they get for that purpose.

If am to ask them, will the borrow money from bank, take money from their parents and relations, then add it up to all their life savings to invest in a multi billion Naira business only for them to sign away contracts and business proposals (which could determine the growth or death of their business) without reading the contents, terms and conditions of the contracts and business proposals? If so, then they have every reason to defend that headless and brainless old junketer... angry

5 Likes

Re: Budgetgate And The 2 Trillion Fraud by Wallade(m): 11:46am On Feb 18, 2016
kyaky:
[color=#990000]

You advice is fantastic. The best I have got from someone this day.
Re: Budgetgate And The 2 Trillion Fraud by coolbis: 11:50am On Feb 18, 2016
9jatriot:
While it is true that the budget has been an embarrassing situation, we are glad to know that it was not swept under the carpet as we know that the previous government would have done. This is the kind of budget that we have been passing year in year out and has led to no development and has resulted in no development. I am glad that for once the parliament is really doing its oversight function for once. I said it before and will say it again, PDP did APC and Nigeria a great favour without knowing by pointing out the errors. Nigeria will be better off for it.

if this same deligence has been followed in the past 16 years, we would definitely havent been in this mess. PDP in the last 16 years had turned our nation's treasury into father xmas where every tom dick and harry go to central bank and collect their share of national cake. They prepared fraudulent budget year in year out and and used 60% of it to fund their party so they can remain perpetually in power. Evidence of PDP 16 years misrule came to crescendo in their last 6 years in office when the nation recorded the highest return in oil investment, and ironically also recorded the worst drop in foreign reserve,worst drop in foreign exchange, and accumulated de
Re: Budgetgate And The 2 Trillion Fraud by coolbis: 11:59am On Feb 18, 2016
9jatriot:
While it is true that the budget has been an embarrassing situation, we are glad to know that it was not swept under the carpet as we know that the previous government would have done. This is the kind of budget that we have been passing year in year out and has led to no development and has resulted in no development. I am glad that for once the parliament is really doing its oversight function for once. I said it before and will say it again, PDP did APC and Nigeria a great favour without knowing by pointing out the errors. Nigeria will be better off for it.

if this same deligence has been followed in the past 16 years, we would definitely havent been in this mess. PDP in the last 16 years had turned our nation's treasury into father xmas where every tom dick and harry go to central bank and collect their share of national cake. They prepared fraudulent budget year in year out and and used 60% of it to fund their party so they can remain perpetually in power. Evidence of PDP 16 years misrule came to crescendo in their last 6 years in office when the nation recorded the highest return in oil investment, and ironically also recorded the worst drop in foreign reserve,worst drop in foreign exchange, and highest debt so far. Fraud is synanimous to nigerian budget, and thank God the budget is now going through a real scrutiny. For the first time public office holders are being held responsible for their actions and inactions. This had happened in the past, and no1 ever cared about it. A good example was the immigration fraudulent recruitment exercise where teeming unemployed graduates were ripped off their hard earned token and promising lives were lost, not a single soul was

2 Likes

Re: Budgetgate And The 2 Trillion Fraud by coolbis: 11:59am On Feb 18, 2016
9jatriot:
While it is true that the budget has been an embarrassing situation, we are glad to know that it was not swept under the carpet as we know that the previous government would have done. This is the kind of budget that we have been passing year in year out and has led to no development and has resulted in no development. I am glad that for once the parliament is really doing its oversight function for once. I said it before and will say it again, PDP did APC and Nigeria a great favour without knowing by pointing out the errors. Nigeria will be better off for it.

if this same deligence has been followed in the past 16 years, we would definitely havent been in this mess. PDP in the last 16 years had turned our nation's treasury into father xmas where every tom dick and harry go to central bank and collect their share of national cake. They prepared fraudulent budget year in year out and and used 60% of it to fund their party so they can remain perpetually in power. Evidence of PDP 16 years misrule came to crescendo in their last 6 years in office when the nation recorded the highest return in oil investment, and ironically also recorded the worst drop in foreign reserve,worst drop in foreign exchange, and highest debt so far. Fraud is synanimous to nigerian budget, and thank God the budget is now going through a real scrutiny. For the first time public office holders are being held responsible for their actions and inactions. This had happened in the past, and no1 ever cared about it. A good example was the immigration fraudulent recruitment exercise where teeming unemployed graduates were ripped off their hard earned token and promising lives were lost, yet not a single soul was held accountable for that show of shame.

1 Like

Re: Budgetgate And The 2 Trillion Fraud by OpinionCounts(m): 12:11pm On Feb 18, 2016
If it is taking the government this long to submit a budget, then I wonder how long it will take to implement it. If there is this level of anticipated corruption already discovered for money not yet seen then u can imagine the degree of looting that will take place when the money finally arrives. May God intervene in Nigeria.

1 Like

Re: Budgetgate And The 2 Trillion Fraud by gemale(m): 12:19pm On Feb 18, 2016
Gbam!!! Op knack nail on top head. D way dis budget mata dey go, I don dey take 1 kain eye dey look buhari. All these things happen under im nose & im dey claim innocent? Im no even bother check d thing b4 im submit am? Every ministry wey submit mago mago budget shld b investigated afta d ministers in charge of dem r suspended temporarily so as nt 2 use their influence 2 sabotage d process. If buhari free dis mata, I go Sabi say him too na babanla he goat wey wan take our yams chew curd.

1 Like 1 Share

Re: Budgetgate And The 2 Trillion Fraud by VISTIN(m): 12:28pm On Feb 18, 2016
9jatriot:
While it is true that the budget has been an embarrassing situation, we are glad to know that it was not swept under the carpet as we know that the previous government would have done. This is the kind of budget that we have been passing year in year out and has led to no development and has resulted in no development. I am glad that for once the parliament is really doing its oversight function for once. I said it before and will say it again, PDP did APC and Nigeria a great favour without knowing by pointing out the errors. Nigeria will be better off for it.


You're a good party supporter.

So you voted APC to come and embarrass Nigerians and correct it?

How many times did they budget 6Trn in a year?

If you compare, is this admin a match to GEJ's? They were corrupt, but this govt is technically more corrupt.

Oga, we are talking about National Budget of FRAUD. 2016 BUDGET is day light ROBBERY and they refused to correct it.

1 Like

Re: Budgetgate And The 2 Trillion Fraud by musicwriter(m): 12:30pm On Feb 18, 2016
snailspeed:
I have watched the Federal government continue to embarras themselves in what is arguably one of the biggest executive scandals in Nigeria's history. But what has really gotten my attention is their very unprofessional and downright deceptive response to the whole quagmire. It has gone from the very bizzaire to the outrightly deceitful and I feel there is a need to put the records straight, especially for future reference.

The most bizzaire response has seen the ministers outrightly deny their own ministries budget like Shaggy singing, "It wasnt me". This has written a new chapter to the country's corruption story. If the ministers didnt write those budgets, then we are in a bigger trouble than we actually know. This means we have a government that cannot manage themselves let alone manage 170 million Nigerians. It also means all the ministers are shockingly incompetent. It also implies that there is serious monumental corruption going on in the ministries and government agencies as we speak.

Before the government apologists try to ram it down our throats that it is those around the president that are involved, let us not fail to remind them that some of the most embarrasing corruption and fraudulent items in the budget came from the presidency. Yes, you heard it right! It came from the acclaimed squeaky clean, saintly PMB.

But let us get down to the real business of the day. I am really woried that even the opposition and many analysts of the budget have missed the biggest issue yet.

What is the biggest issue with the 2016 budget?

The biggest issue with the 2016 budget is this: If you go through the budget, you will suddenly realise that about 2 trillion Naira in the bugdet are made up of fraudulent and ghost line items. That means that of the over 6 trillion budget presented by Buhari, the real and credible budget is just around 4 trillion. The rest is fraud and money meant to be shared by government and party cronies. This is most alarming when you realise that about 2 trillion is going to be sourced as loan to fund the budget. That means, Nigeria is trying to source for loans to fund coruption.

We are about to take loans to fund massive theft!

Somethig really twisted happened in some of the ministries in their bid to cover up their fraudulent items. When the budget was first released by the BudgtIT folks (credit to them for exposing the budget from the unset and preventing the FG from getting away with the fraud), and then withdrawn, this is what some of the ministries did.

To fix the fraudulent items in the budget, what the ministries and agencies (including the presidency) did was either:

1. Remove the fraudulent line items that have been exposed but distribute the amount from those line items among the other items. For example, Lets say a ministry budgeted 200 million for computers, 300 million for tables and 500 million for boreholes (That is a total of N1 billion). If, for example, the table budget was flagged as fraudulent, they will simply remove the table item of 300 million but share that 300 million between the computers and borehole budget. So they will return the budget with the 1 billion total unchanged, but this time, the computers budget will be 400 million and the borehole will be 600 million. This is a very shocking display of fraud and skilled corruption. If the computer budget is flagged as fraudulent, what should have simply happened is that the ministry should have removed the computer budget and returned the budget as 700 million, not 1 billion.

2. Remove the fraudulent line items and assign the value as new budget items. In this case, whole new items where inserted into the budget altogether to make up the amount removed. What is again alarming is why they must spend the funds. The concept of a budget is not to create items that must be purchased. It is not a blank check for government officials to go on a shopping spree

It is really worrisome that the Buhari government is hell bent on spending the over 6 trillion even when it is not justifiable. This is why we must reject any budget that is above 4.5 trillion Naira. Any budget that comes back from the FG that is above 4.5 trillion is definitely a crooked budget. This is also why we must insist that the FG should not borrow any funds for now as any funds borrowed to fund the budget is actually funds borrowed to line the pockets of government cronies.

Any budget that comes back from Buhari that is above 4.5 trillion is fraudulent!

I have seen some APC youths go on social media to celebrate the sacking of the DG of the budget office. Question is, what does that take away from the monumental budget fraud? Was the budget of the ministries written by the budget office. The ministers have all gone to the NASS to defend their budgets. I didnt see anyone whose budget was written by the budget office and the ministers are all walking free and laughing at the rest of us.

Sacking the DG of the budget office is just late damage control and trying to get a fall gyuy to take the heat. The ministers who all presented fraudulent budgets are still roaming free and laughing at the rest of us. And please stop telling us the presidency put it up for scrutiny!! We all had several copies each before they attempted that damage control. The scandal had already trended as #BudgetOfYams for several weeks before that weak attempt by the President's spokeman to make us believe they wanted it scrutinised! That train had left the station since December!
This is a most shameful note in the history of this country but we must continue to call out Buhari and his governance team. If we sleep for one moment, we might all wake up one day to see some rich Arab sheik has bought the country and has the C of O.

The scam itself was engineered by the presidency hoping it would not be detected. APC spent over $10 Billion to win the election. They're desparately looking for money by all means to pay off their debt. This's a huge sum of money and to get it would require an extraordinary theft from government purse.

Our only saving grace is that Saraki is not in good terms with the presidency (which is why they want him removed). All thanks to Saraki for saving this country.

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Re: Budgetgate And The 2 Trillion Fraud by Nobody: 12:36pm On Feb 18, 2016
9jatriot for me to believe you, just tell me how the budget was to benefit the DG of budget office.. As in, how is Fayemi's 800m for website update going to benifit him?
How is the billions allocated to aso rock clinic beneficial.. Etc.

I mean if he has nothing to benefit why increase it for those ministers and the presidency? Does he just want to dash then free money? Explain like I'm 5..

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Re: Budgetgate And The 2 Trillion Fraud by Nobody: 12:41pm On Feb 18, 2016
gemale:
Gbam!!! Op knack nail on top head. D way dis budget mata dey go, I don dey take 1 kain eye dey look buhari. All these things happen under im nose & im dey claim innocent? Im no even bother check d thing b4 im submit am? Every ministry wey submit mago mago budget shld b investigated afta d ministers in charge of dem r suspended temporarily so as nt 2 use their influence 2 sabotage d process. If buhari free dis mata, I go Sabi say him too na babanla he goat wey wan take our yams chew curd.


So u still dey fall for this integrity scam undecided Na wa u. How does the DG benefit from anything in the presidency's budget? Is it not the president that will chop the money??

Have u wondered why the president is not arresting him for altering or inserting things into his budget? That is massive fraud and an attempt to defame him. But of course, the president would just ask him to take the fall for some compensation...

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Re: Budgetgate And The 2 Trillion Fraud by Nobody: 12:50pm On Feb 18, 2016
With this dubious budget, apc/pmb has failed me & pdp is NEVER an option...i suggest we apply for re-colonisation by d british! Haba!! Mtchew!!!

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