AerialMapper:


What you wrote is no different from what I wrote so I wonder why you are glorifying your pseudo-intelligence.

While you are at it, Mr. Last of a dying breed who can differentiate between am and I am, perhaps I should educate you that Is and It’s are not the same. Olodo

Nope, you agreed with Reno. There's a big difference between why GEJ did not save and if he saved.

This was your initial response

"And if you could take time to read the essay you'll realise the reason why there was no more money saved after the initial 1 billion. "


Its also important to note that the FG gets 52% of the money. So after the money was shared ($20B) the FG still got $10.2. Reno's statement doesn't explain what happened to that.

Try again.

clefstone:
Jonathan wasn't clueless, he is the best Nigerian president in recent times. He wasn't articulate and charismatic but he had a honest and unbiased plan

Very true. I can't argue that with you, but that was what he was called and he said it that he will be missed. If only we knew.

Teewhy2:
The truth is that our Leaders have all failed us ( OBJ, GEJ , PMB), the Ghana president has said it all, in the mid 70s-80s Nigerians are the envy of other African citizen they are treated like queens and kings within Africa and beyond but now reverse is the game. so these people should stop their blame game and let new people take the center stage. Talking about new people I don't mean all these present day Slay Mamas and young people flaunting wealth up and down without a legal verifiable source of income.

It's not just the leaders. The system we run is unsustainable.

AZeD1:






I guess the Nigerian education failed you guys so I don't blame y'all. Now let me try and explain it in a way you illiterates might understand. This is the question

"Did GEJ save money in the SWF after the initial $1 billion?"

For you olodo's, there can be only answer which is either "Yes" or "No". If Reno had said yes, then we can safely say Buhari lied. Talking about Amaechi, court case and the likes doesn't answer the question.

What Reno answered is "Why GEJ did not save" which invariably means Buhari is/was right.


The "What" is different from the "Why" and also different from the "how".

The kind of block brain u have is seriously impressive, if u get it. But i doubt u will

Moukandjo:


Where is FG's ECA share of N3.26 trillion from 2011 to 2014?

If the FG had saved theirs while the state spent theirs, the money there would be shared with the states now. It was a case of tragedy of the commons. All of us go suffer am. Why should the States want their share? Then the money there now will belong to who. They killed the idea by forcing GEJ to share the loot.

AZeD1:


Nope, you agreed with Reno. There's a big difference between why GEJ did not save and if he saved.

This was your initial response

"And if you could take time to read the essay you'll realise the reason why there was no more money saved after the initial 1 billion. "


Its also important to note that the FG gets 52% of the money. So after the money was shared ($20B) the FG still got $10.2. Reno's statement doesn't explain what happened to that.

Try again.

Only the FG can explain what they did with their 52% but let the state Governments also explain what they did with their 48%. Why stop at the FG; we want full accountability. Some of the Governors at the time are still in power albeit in a different party.

AerialMapper:


Only the FG can explain what they did with their 52% but let the state Governments also explain what they did with their 48%. Why stop at the FG; we want full accountability. Some of the Governors at the time are still in power albeit in a different party.

Everyone wants full accountability but this post talks about Reno saying Buhari lied which is not true. Reno also goes on to try and be clever by half by saying why the money was shared but he conveniently left out what the FG did with their share.

seguno2:


I thought that Fashola and Oshiomole are progressives

Progressive fire!

If not that you are daft you would have understood that he recounted how Amaechi and co got the courts to declare SWF as being illegal and forced Goodluck to share the money.

I am well aware of this drama when it happened so unless you are a teen then I expect you should have been aware when the court case was on.

All these BMC's sef

AZeD1:
Is either Reno doesn't understand English or he's just being mischievous.
The question is after the initial $1 billion did GEJ save more money in the SWF or not?

This unnecessary essay didn't answer the question.

He is loyal to the truth and his command of facts confirms that, while APC apologists are loyal to lies

veron002:
This man is just an anti govt, i wonder who he s fighting for, definitely not the masses. i only see loyalty at its peak to his formal principal.

So what is your take on Buhari and the present finance minister making illegal deductions in hundreds of millions of dollars?

Or is that ok by you?

koboko69:



I have said it times without number. Reno has a target audience and we all know who those people are.
In his deliberate mischief he forgot to tell us the exact reason Amechi spare headed the fight that money had to be shared. Everytime there is a FEC meeting, governors discovered Jonathan and Okonjo had tampered with the money giving different excuses of the other. The one that broke the camels back was when Okonjo claimed to had withdrawn 1 trillion for subsidy debts, and claimed FAAC knew about it which they came up to deny. Okonjo then corrected her lies and said Jonathan gave her permission to withdraw the money. Now tell me who will keep saving when the treasurer keeps stealing from the money?
Even if governors shared their money....what of the larger percentage belonging to the FG. Whatever happened to saving their own share? Why didnt FG continue saving her own share even after? Or did the governors also stopped the FG from saving her own share?
Reno and your likes are only fooling themselves

VULCAN:
If not that you are daft you would have understood that he recounted how Amaechi and co got the courts to declare SWF as being illegal and forced Goodluck to share the money.

I am well aware of this drama when it happened so unless you are a teen then I expect you should have been aware when the court case was on.

All these BMC's sef

All you illiterates who just wasted their parents money in school, the question is did GEJ save more than $1 billion in the SWF? There is only one answer and it's either a "yes' or a "no".
If I follow your explanation up there, its a no. So can you point out the lie in Buhari's statement?

The question "Did you save money" is different from the question "Why did you not save". Go back read the post again and find out which of the questions was asked and which was answered.

AZeD1:
Is either Reno doesn't understand English or he's just being mischievous.
The question is after the initial $1 billion did GEJ save more money in the SWF or not?

This unnecessary essay didn't answer the question.

After the initial $1bn... they shared $20bn. Where did $19bn come from?. Take your drugs before zombism takes hold of you totally.

Jerrypolo:


After the initial $1bn... they shared $20bn. Where did $19bn come from?. Take your drugs before zombism takes hold of you totally.

$20B came from the excess crude account. The FG got 52% which is $10.2B.
If $1B was put in the sovereign wealth fund, were is the remaining $9.2B? Why wasn't it added to the SWF?

Your parents spent money to send you to school, stop embarrassing them.

VULCAN:
So what is your take on Buhari and the present finance minister making illegal deductions in hundreds of millions of dollars?

Or is that ok by you?

What illegal deductions if i may ask?

AZeD1:
Is either Reno doesn't understand English or he's just being mischievous.
The question is after the initial $1 billion did GEJ save more money in the SWF or not?

This unnecessary essay didn't answer the question.

One like for you. Everyone above your mention is either an illiterate or mischieveous. The question was did GEJ add a dime after the initial investment to the SWF? No. Even at that what stops the PDP governors from doing the same thing if they know the ECA is illegal? Reno the goat fukker omokri is now a first class lier.

Enice:
One like for you. Everyone above your mention is either an illiterate or mischieveous. The question was did GEJ add a dime after the initial investment to the SWF? No. Even at that what stops the PDP governors from doing the same thing if they know the ECA is illegal? Reno the goat fukker omokri is now a first class lier.

Thanks.
One of the problems with Nigeria is "herd mentality". People hardly ask questions or probe deep.

The sad part is after the money was shared, the FG got 52% but Reno conveniently forgot to address that.

allstarfestus:
Good one Reno , this government will wish they assasinant you ... But God has protected you ... ,

go and reread the poser very slowly, you will understand that Reno is taking you for a big f00l. The issue in the discuss here is the SWF but he twist and turns around like the goat he his to decieve shallow brains like you with the ECA. Till this day, the ECA and SWF exist and the present administration is making savings into both. So what happened then? You haters are quick to mention Rotimi Amaechi and others but I ask don't we have a Fayose, a Wike or a Dankwabo at present?

AerialMapper:


And if you could take time to read the essay you'll realise the reason why there was no more money saved after the initial 1 billion. I'm sure you just want a yes or no. The next logical question is why.... and this essay tells you why. Be smart

you will surely be nominated for the dullard of the year award. What has changed since then? Is the present administration not making savings into the SWF and ECA now? Taking the FG to court does not mean the moneys cannot be saved. The FG can always take an injuction from the courts to maintain status quo, but in the 6years tenure of GEJ, we never saw an increase in either the SWF or ECA. Even if the states refuse to save, can't the FG save part of its share? Make una try to dey get sense before una comment

Lol just passing by

koboko69:



I have said it times without number. Reno has a target audience and we all know who those people are.
In his deliberate mischief he forgot to tell us the exact reason Amechi spare headed the fight that money had to be shared. Everytime there is a FEC meeting, governors discovered Jonathan and Okonjo had tampered with the money giving different excuses of the other. The one that broke the camels back was when Okonjo claimed to had withdrawn 1 trillion for subsidy debts, and claimed FAAC knew about it which they came up to deny. Okonjo then corrected her lies and said Jonathan gave her permission to withdraw the money. Now tell me who will keep saving when the treasurer keeps stealing from the money?
Even if governors shared their money....what of the larger percentage belonging to the FG. Whatever happened to saving their own share? Why didnt FG continue saving her own share even after? Or did the governors also stopped the FG from saving her own share?
Reno and your likes are only fooling themselves

I wish you can create a new thread for this. I wonder how this Reno guy sleeps at night as a supposed pastor.
This story was well publicised but am surprised many pple making comments took in Reno's lies hook, line and sinker.

AZeD1:
Is either Reno doesn't understand English or he's just being mischievous.
The question is after the initial $1 billion did GEJ save more money in the SWF or not?

This unnecessary essay didn't answer the question.

How was he supposed to save more money when Ameachi and Co took him to court because of it?

manuelzz:

You expect the then administration to still save money after Amaechi and his cohorts had taking the FG to court and pronounced the SWF illegal?

Simple sense u no get,even free sense wey nature dey give humans u kuku no get.

na you no get sense. Why dem no come share the initial $1billion, abi that one no dey illegal too?

swiperthefox:
How was he supposed to save more money when Ameachi and Co took him to court because of it?

The Federal government gets 52% of revenue shared. That's $10.2B out of the $20B.

frankwyte:
Maybe you don't understand English "there was perpetual injuction not to do that anymore by a 2 several court of the land. Going ahead will be tantamount to disobeying rule of law.

lier in chief, please show us a link for those injuctions. Una no go kill sombory wiv lies.

MikeBetty:
Reno Is The Man Of God Who Refuse To Keep Quiet Like Bakare, Oyedepo, Adeboye, Mbaka, Muoka Etc, When Things Are Going Wrong. He Is Playing The Role Of Elijah In The Days Of Ahab In The Bible.

for you to call someone a lier, you must know and say the truth. In the truth, there are no buts, ifs, then, when, etc cause the truth is constant like the northern star. Now reread goat omokris statement slowly. The question was, did GEJ make payments into the SWF after the initial savings? Now, notice how the goat systematically avoids the SWF question and jumps into ECA accusing all whatnot. Because of your bigotted mindset you will not want to see this but it is the truth.

Lightening:
Nigeria governors filed a suit against Jonathan for saving money. He was compelled to share all the savings amongst the states.

ignorance is bliss. He was compelled by who really? I know the next sh!t that would come out of your mouth is "he was compelled by the courts" now get this into your fuccked up brain.
1. This case was settled out of court
2. There was no compelling to anybody. The issues was that GEJ had quick fingers.
3. The SWF and ECA still exist till this day so no court passed judgement on them.

clefstone:
Didn't you see where he said a little over 20billion dollars from the ECA meant for the SWF was shared to states between 2011 and 2014. Zombie

devil punish you for this lie. Show us where GEJ put $20billion inside ECA. Yeye

Enice:
you will surely be nominated for the dullard of the year award. What has changed since then? Is the present administration not making savings into the SWF and ECA now? Taking the FG to court does not mean the moneys cannot be saved. The FG can always take an injuction from the courts to maintain status quo, but in the 6years tenure of GEJ, we never saw an increase in either the SWF or ECA. Even if the states refuse to save, can't the FG save part of its share? Make una try to dey get sense before una comment

Your father is dullard of the year

Enice:
for you to call someone a lier, you must know and say the truth. In the truth, there are no buts, ifs, then, when, etc cause the truth is constant like the northern star. Now reread goat omokris statement slowly. The question was, did GEJ make payments into the SWF after the initial savings? Now, notice how the goat systematically avoids the SWF question and jumps into ECA accusing all whatnot. Because of your bigotted mindset you will not want to see this but it is the truth.

Because President Does Not Know Legal Process That Was Why He Came Up With That Issue. Or He Run Out Of Issue To Blame Past Government Of. How Can Gej Pay Another Money Into The Account When There Was A Case Already Pending In Court In Respect Of It? Gej Even Asked Out Of Court Settlement Which Amechi And Govnrs Forum Vehemently Opposed. Instead Of Paying Into SWF, Gej Now Paid Monies Into Excess Crude Account Of Which He Was Again Taken To Court. Fg And States The Share Upto $20b Mor Than #2t.

KikBuhari2Daura:
To my dismay, I woke up on Friday the 1st of June 2018 to find out that President Buhari, who is meant to be on a Ramadan fast, had released a statement, through the Presidency’s Twitter handle, alleging that the Jonathan government, which created the Sovereign Wealth Fund in 2012, had failed to save money in the fund after the initial $1 billion deposit it made into it.

Such a lie, coming at a time when the President is meant to be fasting is shocking!



The truth is that after starting up the Sovereign Wealth Fund with an initial deposit of $1 billion in 2011, the Nigerian Governors Forum, led by Rotimi Amaechi and supported by other Governors who later joined the APC, took the Jonathan administration to court to declare the Sovereign Wealth Fund illegal and assert their claim that the Jonathan led Federal Government could not force them to save.

In fact, Mr, Rotimi Amaechi released a statement justifying his opposition to the Sovereign Wealth Fund on August 31, 2011 and said:

“The SWF is an attempt to desecrate section 162 of Nigeria’s Constitution.

Section 162(1), (2) and (10) of the 1999 Constitution prescribed the mode of sharing the revenue of the Federation.

It states that “the Federation shall maintain a special account to be called the Federation Account into which shall be paid all revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the Armed Forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja. The law says that anything that is outside the constitution is wrong and section 162 of the constitution also says so.”

Many attempts by the Jonathan administration to settle the matter out of court were rebuffed by Mr. Amaechi and his colleagues who had a hidden agenda to frustrate the plans by the Jonathan administration to save for a rainy day.

Working in tandem with Mr. Amaechi and his supporters in the Nigerian Governors Forum, the then minority APC members of the House of Representatives also filed another suit at a Federal High Court on the 7th of February, 2014, seeking a perpetual injunction restraining the Jonathan administration from operating the Excess Crude Account, from which they intended to source for money to fund the Sovereign Wealth Fund, and to pay all the proceeds of that account into the Federation Account for sharing amongst the three tiers of government.

As a result of these actions, the Jonathan administration paid the 36 states of the federation a total of N2.92 trillion from the Excess Crude Account between 2011 and 2014. Using the value of the Naira at that time that amount was just above $20 billion dollars.

It therefore amounts to historical revision for the Presidency to make these spurious allegations against the Jonathan administration,

President Muhammadu Buhari should be aware that just like I told him, after the many lies from his Democracy Day Speech, Ramadan fast does not just mean abstaining from food, it also means abstaining from lies.

Reno Omokri

Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years: Chibok, 2015 and Other Conspiracies.

Source:


https://www.vanguardngr.com/2018/06/sovereign-wealth-fund-more-lies-from-presidency-at-ramadan-reno/

Reno my man. Blast it like it's hot. Buhari and his admin are liars and they have failed

MikeBetty:
Because President Does Not Know Legal Process That Was Why He Came Up With That Issue. Or He Run Out Of Issue To Blame Past Government Of. How Can Gej Pay Another Money Into The Account When There Was A Case Already Pending In Court In Respect Of It? Gej Even Asked Out Of Court Settlement Which Amechi And Govnrs Forum Vehemently Opposed. Instead Of Paying Into SWF, Gej Now Paid Monies Into Excess Crude Account Of Which He Was Again Taken To Court. Fg And States The Share Upto $20b Mor Than #2t.

First of all, it is very wrong of you to use capital letters for every word you write/type. You only use capital letters when you start a topic, start a paragraph, after a period (full stop) or when you write names of persons or places.

Now to the topic at hand.
Ignorance is bliss.
1. The issue here is the SWF and not the ECA.
2. The SWF is a legal account backed by an act of NASS and there have been no issues partaining to this account, not even in GEJs era.
3. The SWF is administrated by a group of financial experts appointed by the president.
4. GEJ never paid money into the ECA, he only depleted it from what he met to what he left, and at no time did any court stop him from saving money in either SWF or ECA.
5. There was no time $20billion was kept in the ECA by GEJ and neither was $20billion shared by GEJ from the ECA.
6. The Governors went to court when they discovered that GEJ had quick fingers. He was warned severally but a kleptomaniac is always a kleptomaniac. Also, this case was settled out of court. So, what happened then?
7. We still have both accounts till this day.