I just went back to do an analysis of the entire NIA's 2015 budget in line with the prevailing FOREX exchange rate as at February 2015 and discovered that the entire budget including for capital was $176.5m.In view of the latest story from the cable newspapers.I am waiting for paper trail that would back up that story and how an amount that is above the budget for that agency could have been withdrawn even as early as in February

This $43m found in Ikoyi will go a long way in throwing up a lot of things about how we work in this country and hopefully positively change a how we run things in the country.

checks on the website of the Budget Office indicated that the National Intelligence Agency (NIA), is under the Office of the National Security Adviser (ONSA).

Its budget for 2014 was N36.923 billion with personnel cost accounting for N26.132bn.
The total overhead cost was N2.262bn, while the capital component was N8.5bn.

The N13bn uncovered at the Lagos safe house was far more than the NIA’s other recurrent and overhead costs as well as the entire capital allocation combined allocated for 2014.

Similarly, the N13bn was higher than the entire overhead costs and capital expenditures for each of the agency’s budget for 2015, 2016 and 2017.

As for 2015, NIA’s budget was N33.470bn. The personnel cost for that year was N25.381bn; overhead, N1.789bn, with a total recurrent of N27.170bn, while capital expenditure was N6.299bn.

In 2016, NIA’s budget was N31.349bn, out of which personnel cost was N23.731bn; overhead was N1.375bn and the capital expenditure was N6.243bn.

https://www.dailytrust.com.ng/news/general/n15bn-efcc-submits-report-to-president/194139.html

DOLLARS RATE TO NAIRA FROM JANUARY 2015 TO FEBRUARY 2015 USD:NGN Historical Exchange Rates


MM/DD/YYYY

1 US Dollar to Nigeria Naira

Unit (1 USD to NGN)

01/02/2015 1 US Dollar equals to 183.45 Nigeria Naira 1 USD = 183.45 NGN
01/04/2015 1 US Dollar equals to 183.45 Nigeria Naira 1 USD = 183.45 NGN
01/05/2015 1 US Dollar equals to 183.55 Nigeria Naira 1 USD = 183.55 NGN
01/06/2015 1 US Dollar equals to 184.70 Nigeria Naira 1 USD = 184.7 NGN
01/07/2015 1 US Dollar equals to 183.05 Nigeria Naira 1 USD = 183.05 NGN
01/08/2015 1 US Dollar equals to 179.15 Nigeria Naira 1 USD = 179.15 NGN
01/09/2015 1 US Dollar equals to 180.75 Nigeria Naira 1 USD = 180.75 NGN
01/11/2015 1 US Dollar equals to 180.75 Nigeria Naira 1 USD = 180.75 NGN
01/12/2015 1 US Dollar equals to 182.55 Nigeria Naira 1 USD = 182.55 NGN
01/13/2015 1 US Dollar equals to 183.55 Nigeria Naira 1 USD = 183.55 NGN
01/14/2015 1 US Dollar equals to 183.30 Nigeria Naira 1 USD = 183.3 NGN
01/15/2015 1 US Dollar equals to 185.65 Nigeria Naira 1 USD = 185.65 NGN
01/16/2015 1 US Dollar equals to 184.95 Nigeria Naira 1 USD = 184.95 NGN
01/18/2015 1 US Dollar equals to 184.95 Nigeria Naira 1 USD = 184.95 NGN
01/19/2015 1 US Dollar equals to 187.55 Nigeria Naira 1 USD = 187.55 NGN
01/20/2015 1 US Dollar equals to 189.25 Nigeria Naira 1 USD = 189.25 NGN
01/21/2015 1 US Dollar equals to 188.05 Nigeria Naira 1 USD = 188.05 NGN
01/22/2015 1 US Dollar equals to 190.00 Nigeria Naira 1 USD = 190 NGN
01/23/2015 1 US Dollar equals to 191.30 Nigeria Naira 1 USD = 191.3 NGN
01/25/2015 1 US Dollar equals to 191.30 Nigeria Naira 1 USD = 191.3 NGN
01/26/2015 1 US Dollar equals to 191.25 Nigeria Naira 1 USD = 191.25 NGN
01/27/2015 1 US Dollar equals to 192.50 Nigeria Naira 1 USD = 192.5 NGN
01/28/2015 1 US Dollar equals to 189.93 Nigeria Naira 1 USD = 189.93 NGN
01/29/2015 1 US Dollar equals to 189.05 Nigeria Naira 1 USD = 189.05 NGN
01/30/2015 1 US Dollar equals to 187.55 Nigeria Naira 1 USD = 187.55 NGN
02/01/2015 1 US Dollar equals to 187.55 Nigeria Naira 1 USD = 187.55 NGN
02/02/2015 1 US Dollar equals to 189.60 Nigeria Naira 1 USD = 189.6 NGN

http://dailymail.com.ng/updated-us-dollars-rates-to-naira-from-january-2015-to-february-2015-usdngn-historical-exchange-rates/

The $176.5m was computed with the February 2015 exchange rate of N189.6/$ February 2015 exchange rate.This is even below the $289M cash said to have been withdrawn by the NIA in February 2015

Waiting to see the paper trail for this transaction and what expenditure was it for exactly!!! Considering the NSA's budget.This story is very very doubtful

bumi10:



did u even read the path that the fund was for covert operation?

u dont approve covert operations on black and white. the aim is no paper trail.

Then in that case no one can prove it was "approved" and thus that spin is "dead on arrival"

rusher14:

He said works in the court of law if corroborated by witnesses .

MY DEAR.IT IS NOT TENABLE AS CALLING OF WITNESSES IS NOT ANYONE'S EXCLUSIVE PRESERVE

seunmsg:


Why are you so scared of the truth? Deji is now a born again whistle blower and he has decided to expose all the stealing that happened during the 2015 election.

Attacking the OP will not stop the exposition of the truth. For a fact, we now know that Jonathan truly gave campaign funds to DG NIA and part of the money was diverted for personal use. This information should be of serious concern to any right thinking Nigeria.

bros I don't have any problem with reporting anything Deji said.He can be born again.I don't even care.The fact remains that $50m was never mentioned in his tweet.He has other interesting tweets which I will soon screenshot and post here

Mischievious headline!!!! $50m wasnever mentioned in the tweets.Just getting to his twitter page.

the mods has better ban this OP for this mischievous thread.Deji never mentioned the money diverted as the $50m found in the 7B apartment

that is not deji's twitter account

mynd44 why did you close the previous thread and directed us here? I am not understanding!!! which of these two threads came first?

Daboomb:


Corrupt Court System!

Unfortunately, Democracy allows some form of "immunity" for this corrupt Judges, due to the 3-Tier", "Separation of Powers, under a democratic system of governance.

Are you sure you know what the word "arraignment" really means?

While coming out of a meeting with Vice-President Yemi Osinbajo, Lawal told State House correspondents that he was not aware of his suspension.

With this sort of confidence expect nothing sensible to come out from the commiittee

While coming out of a meeting with Vice-President Yemi Osinbajo, Lawal told State House correspondents that he was not aware of his suspension.

W

deomello:






Suswam was investigated and he was taken into custody after investigation and they also have proof based on investigation.


Stop the ignorance and apple and orange comparison.

SO WHAT HAS BEEN STOPPING HIS ARRAIGNMENT AFTER "INVESTIGATIONS" MUST HAVE BEEN COMPLETED

The reporting reaching us states that the suspended Secretary to the Government of the Federation Babachir Lawal is currently in a closed-door meeting with Vice President Yemi Osinbajo. He arrived Osibanjo’s office in a couple of minutes after being suspended over his alleged complicity in the mismanagement of funds meant for the Presidential Initiative on North East

CLOSED DOOR SUSPENSION!!! ANTI-KWARAPSHUN IN ACTION

sadissbala:
I guess you're blind enough to see anything good about this man called Buhari even in a competent court of law, an acuse should presume innocent until proven guilty.

ACCUSED ARE ARRESTED AND ARRAIGNED WHERE THEIR TRIALS WILL BE ADJUDICATED!!!! WE ARE TALKING ABOUT $50M!!!!

yemmight:


This news that you are commenting is provided by SR and you called useless SR. Why are you reading their news?

THE NEWS HAS BEEN CONFIRMED BY OFFICIAL SOURCES

gberra:
Keep mentioning Raphael ige like a crackass broken record. An action has been taken pending further determination Buhari ain't Obj

Igbos always cry.

stop ben silly.I am not a member of IPOB.We miust see the end of this story!!! A committee to unravel the owner of an obviously registered apartment!!! funny enough no one is yet in custody.Nigeria I hail thee.

mandax:
14 days from now, we are likely to be told that Goodluck or Patience Jonathan authorized, or even owned, the recovered money.

Where is Lai, why was Lai not included in the investigation panel?

Checks on the website of the Budget Office indicated that the National Intelligence Agency (NIA), is under the Office of the National Security Adviser (ONSA).

Its budget for 2014 was N36.923 billion with personnel cost accounting for N26.132bn.

The total overhead cost was N2.262bn, while the capital component was N8.5bn.

The N13bn uncovered at the Lagos safe house was far more than the NIA’s other recurrent and overhead costs as well as the entire capital allocation combined allocated for 2014.

Similarly, the N13bn was higher than the entire overhead costs and capital expenditures for each of the agency’s budget for 2015, 2016 and 2017.

As for 2015, NIA’s budget was N33.470bn. The personnel cost for that year was N25.381bn; overhead, N1.789bn, with a total recurrent of N27.170bn, while capital expenditure was N6.299bn.

In 2016, NIA’s budget was N31.349bn, out of which personnel cost was N23.731bn; overhead was N1.375bn and the capital expenditure was N6.243bn.

The NIA’s proposed budget for 2017, which is currently before the National Assembly is N33.876bn. The personnel cost is N25.381bn; overhead is N1.864bn, while capital proposal is N6.631bn
https://www.dailytrust.com.ng/news/general/n15bn-efcc-submits-report-to-president/194139.html

deomello:



Just lock people up without investigation and proof of guilt?

Please stop.

Are you fucking kidding me? Gabriel suswam has been in EFCC custody foir ove a month now without any arraignment!!!anyway 14 days is not far .We shall see how "Pastor" Yemi Osibanjo and his committe intends to spin this

henryhemon:


Who takes your likes serious to start with? Sowore has done so much for Nigeria .what have you done for your community? You have the guts to condemn a man who dares politicians because it doesn't favour you. You children of hate will be fine.

What exactly has Sowore done for Nigeria? smh

bizzibodi:

Look son!u dnt prosecute until u are investigated & dnt jump in2 hasty conclusion.

WHY IS NO ONE IN CUSTODY YET!!!!!!!!! HABA!!!!!.WHY DID IT TAKE THIS SCANDAL FOR BUHARI TO SUSPEND BABACHIR LAWAL.

rusher14:

volumes of what?

Did you not read the EFCC just handed it's report in the last 24 hours?

Or you want the president to act on hearsay?

You appear not to know what you want.

Mr BMC make we hear word.Mr Oke should be in custody by now if Buhari was serious.Obasanjo did something similar with the late AIG Raphael iGE

wellmax:


Did you read where it says investigation are ongoing?
How do you identify the owner(s) without investigations

is anyone in custody yet? don't you find that curious?

yemmight:


Do you understand the meaning of suspension and investigation? They have provided us the list of the occupants of that building and NIA is one so what else do you want to hear?

who provided the list? Has the EFCC released any statement on that matter? SR gave us four names as the owners of those monies all under 24 hours.I wonder how people still take that useless sowore and his equally useless SR serious

Joejoe12:
Try to be patient, investigation is stil on. Mind you, you cannot convict a criminal under investigation, thank you

suspects are kept in custody during investigations like this!!!!! Haba!!!!

Minister of Information and Culture, Lai Mohammed, had said Buhari was attending to other issues of national importance and not because of ill-health that he failed to show up.

na so we go de till 2019? chai!!!!!

verygudbadguy:
hmmmmmm..

It still doesn't explain how the 43m usd got to Osborne in Ikoyi.

Until i see the name of the owner of that particular flat, i still won't believe this isn't a movie script.

Your head de dia!!!!

rusher14:


You mean you want the name to be that of someone you hate.

Oke has been suspended.

Babachir has been suspended.

With time and further investigation their punishments would be meted out.

Sai Baba.

RUBBISH!!!The fact that Mr Oke is not yet in custody and that it took this long for Buhari to act speaks volumes

SACK!!!! SACK!!!!PROSECUTION!!!!!!PROSECUTION!!!!!! SUSPENSION IS NOT ENOUGH!!!!!!!!!

suspension is not enough.Mr Oke must be immediately arrested and prosecuted!!! anything short of this smells cover up.Suspension with full benefits just like Obasanjo did for the late AIG Raphael Ige is balderdash!!!! we must uncover the real owner of the most notorious apartment 7B

Kindly take a look at this report

Checks on the website of the Budget Office indicated that the National Intelligence Agency (NIA), is under the Office of the National Security Adviser (ONSA).

Its budget for 2014 was N36.923 billion with personnel cost accounting for N26.132bn.
The total overhead cost was N2.262bn, while the capital component was N8.5bn.

The N13bn uncovered at the Lagos safe house was far more than the NIA’s other recurrent and overhead costs as well as the entire capital allocation combined allocated for 2014.

Similarly, the N13bn was higher than the entire overhead costs and capital expenditures for each of the agency’s budget for 2015, 2016 and 2017.

As for 2015, NIA’s budget was N33.470bn. The personnel cost for that year was N25.381bn; overhead, N1.789bn, with a total recurrent of N27.170bn, while capital expenditure was N6.299bn.

In 2016, NIA’s budget was N31.349bn, out of which personnel cost was N23.731bn; overhead was N1.375bn and the capital expenditure was N6.243bn.

The NIA’s proposed budget for 2017, which is currently before the National Assembly is N33.876bn. The personnel cost is N25.381bn; overhead is N1.864bn, while capital proposal is N6.631bn

so where exactly did Mr Oke get the $43m for covert operation that was "approved" since two years ago?

https://www.dailytrust.com.ng/news/general/n15bn-efcc-submits-report-to-president/194139.html

oh no it becomes to Hon Ghost Lootimi