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Kayb12's Posts

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Education / Re: Doctor Aarinola Olayia Breaks OAU 28-Year Record (Photo) by kayb12(m): 6:21pm On Oct 21, 2017
I hail you Queen The Healer.... Bravo Mama.
Islam for Muslims / My Eid-kabir Wishes! by kayb12(m): 7:20am On Sep 01, 2017
In this acceptable sacrifice season; In every shared smile and laughter; In every silent prayer answered; In every opportunity that comes your way – may Allah bless you immensely! Eid Mubarak Kabir!
Jobs/Vacancies / Re: Npower Agro Test Starts Today, Apllicants Lets Meet Here And Discuss by kayb12(m): 1:22pm On Jul 26, 2017
Am 110% sure that my BVN match my application.My BVN:22170064312.Phone No:08038579404.N-agro-2017-0000053189-84. I registered 1st day June 15th 2017.. Kindly work on it so i can answer my quiz test. Thanks and God bless N-Power Team.
Education / Re: The Top Ten Oldest Universities In Nigeria And Their Brief Histories. by kayb12(m): 5:45pm On Mar 09, 2017
Of The Greatest Ui. Recte Sapere Fun... To Think Straight is The fountain of Knowledge.
Politics / Re: I feel Pity for Lai Mohammed - Buhari by kayb12(m): 9:51pm On May 30, 2016
I hail Buhari courage once again, President has always shown he is honest and ready for consequence that might come in fighting corruption. For Lai Muhammed in this present administration he is the Most Valuable Minister because he work conscientiously and always explained government policy day in day out without fear, sometime journalist do asked inverse question which the know the resultant upshot, yet me lecture them. Lai Muhammed journey to change Nigeria for better begins there and you're part of history that why you always rescue this government whenever opposition/misconception citizen don't understand APC policy. Kudos Uncle Lai

1 Like

Education / Re: Dada-Ayodele UNILAG's First Graduate With 5.0 CGPA by kayb12(m): 9:46pm On Feb 24, 2016
All hail the great thinker....
Islam for Muslims / Re: Who Is Your Most Favourite Reciter Of The Quran by kayb12(m): 11:29am On Feb 05, 2016
As-Sudais and Minshawy.
My wife is a good reciter too, I enjoy her voice and she recite for me alone when we are together.
Jazakalahuairan Idayat.

6 Likes

Politics / Re: We Now Have 23hrs Eletricity Supply In My Area: Is It The Same In Your Own Zone? by kayb12(m): 9:31pm On Dec 27, 2015
Though, few weeks back 12-15hrs daily. for three days now 20-22hrs daily good for my area but some area are not enjoy up to this hours.
Fashola should work more...
Politics / Re: The Minister Of Communication Adebayo Shittu And His Wife Pictured by kayb12(m): 5:31pm On Nov 15, 2015
Since Barr. Shittu pleases with her wife dressess. so why are u complaining? let your wife comes out naked if u are not please with Minister wife... in Islam this Minister wife dress is acceptable if it pleases Minister.... Jazakalahu Aihran My Minister...
European Football (EPL, UEFA, La Liga) / Re: Arsenal Vs Bayern Munich : UCL (2 - 0) On 20th October 2015 by kayb12(m): 11:10pm On Oct 20, 2015
Up Arsenal
European Football (EPL, UEFA, La Liga) / Re: Arsenal Vs Bayern Munich : UCL (2 - 0) On 20th October 2015 by kayb12(m): 11:06pm On Oct 20, 2015
jmoore:
grin grin grin
[color=][/color][color=][/color]
Politics / Re: Babatude Fashola During Ministerial Screening Today (Photo) by kayb12(m): 9:56pm On Oct 14, 2015
Fashola is a rear gem... he think straight, that is the fountain off knowleddge...
Fashola will excel in his ministry by the gracw of God... hit like if you are for Babatubde Raji Fashola.
Politics / Re: Who Was The Best Screened Minister Today??? by kayb12(m): 8:13pm On Oct 13, 2015
1. Fayemi french people will call him numero uno
2. Baba Audu Ogbeh... Absolutely good, this man can continue with additional experience to Adeshina programes.
3. Lai Muhammed... i only rate him 3rd man because i am a political scientist. which i must score him for his resilent and calm he brought to the house... In democratic setting Lai is a good politician.

I wasn't able to watch Udom screening, so sorry for my bias.
Fayemi K J is man of the day.

4 Likes 1 Share

Politics / Re: Like Buhari, Like Fowler – Nigerians React To Reports About Fake Honorary Doctor by kayb12(m): 7:11pm On Aug 21, 2015
Why taking the person behind this allegation so long..This allegation might have come when Fowler is managing Lagos tax not now. Babatunde.... Carry go.... like Babatunde Idiagbon . Baba Buhari has brought another Idiagbon. bcus Nigerian tax no be jokee.
Culture / Re: Ile-ife - The Cradle Of Yoruba Race, Fact, Myth And Belief by kayb12(m): 6:48pm On Aug 21, 2015
Absolutely Yoruba is a race with perfect history.... As professional maturity come to man who knows the history of his ancestor.

2 Likes

Politics / Re: APC Leaders Shun Fashola’s Book Presentation In Lagos by kayb12(m): 9:27pm On Aug 18, 2015
Both Tinubu and Fashola need to resolve..... What really cause their struggle? authoritative alocation of power?..
Education / Re: University Of Sunderland Honours Isaac Adewole, UI VC by kayb12(m): 6:53pm On Jul 09, 2015
A well deserved honour Boda Issac, really an very
happy for u Sir and the whole UItes at large.
we are proud of you my Proff. More Grace
to your elbow.

Politics / Re: PDP Rejects Zakari As INEC Boss by kayb12(m): 5:00pm On Jul 01, 2015
PDP continue shouting.... U've been critises APC lead government for not appoint female into their cabinets. Now, this is one...Apc can make the change possible but PDP can't...[i][/i]

1 Like

Politics / Re: PDP Rejects Zakari As INEC Boss by kayb12(m): 4:59pm On Jul 01, 2015
PDP continue shouting.... I've been critises APC lead government for not appoint female into their cabinets. Now, this is one...Apc can make the change possible but PDP can't...[i][/i]

1 Like

Politics / Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by kayb12(m): 11:20pm On Jun 29, 2015
Na wa oooo.... this NNPC be our problem...

1 Like 1 Share

Politics / Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by kayb12(m): 11:13pm On Jun 29, 2015
NNPC is no 1 corrupt institution in Naija......

1 Like

Politics / Re: Revealed: “In Three Years, NNPC Generated N8.1 Trn, Gave Nigeria N4.3 Trn by kayb12(m): 11:12pm On Jun 29, 2015
[NNPC is no 1 corrupt institution in naija=midolian post=35298351]The Nigerian National Petroleum Corporation, NNPC, generated about N8.1trillion between 2012 and May 2015, but paid only N4.3trillion to the federation account, Edo State governor, Adams Oshiomhole, said Monday, citing new details from the federal economic council meeting.

The balance of the oil money — about N3.8trillion — was withheld and spent by the NNPC unilaterally without approval or National Assembly appropriation, the governor told journalists.

Also, the governor confirmed at the meeting that from November 2014, about $2.1billion was withdrawn from the excess crude account without the approval of the National Economic Council, NEC.

Mr. Oshiomhole, who, alongside the governors of Kaduna state governor, Nasir El-Rufai, and Zamfara governor, Abdulazeez Yari, briefed journalists, said following the discovery, the NEC has set up a four-member committee to comb the books of the NNPC to confirm its remittances and how the excess crude account was utilised.

President Muhammadu Buhari dissolved the board of the NNPC on Friday, to pave way for full investigation of the corporation.

Mr. Oshiomhole said Monday’s meeting was the first time the NNPC and the office of the Accountant General of the Federation, briefed the National Economic Council, as directed by President Muhammadu Buhari.

The governor said Mr. Buhari “compelled” the NNPC to provide information in “black and white” on issues relating to the total sales of Nigeria’s crude oil from 2012 to May 2015.

“This has never happened before and for us this is profound. We are talking about transparency, we are talking about change. And what we saw from those numbers I believe that Nigerians are entitled to know, is that whereas the NNPC claimed to have earned N8.1 trillion, what NNPC paid into the federation account from 2012 to May 2015 was N4.3trillion.

“What it means is that NNPC withheld and spent N3.8 trillion.

“The major revelation here is that for the entire federation — that is the federal government, the states and all the 774 local governments — the amount the NNPC paid into the federation account for distribution to this three tiers of government came to N4.3 trillion and NNPC alone took and spent N3.8 trillion. Which means the cost of running NNPC is much more than the cost of running the Federal Government. That tells you how much is missing, what is mismanaged, what is stolen, they are huge figures.”

He said it had become clear that the NNPC had not respected the Constitution on how government money should be spent.

“If NNPC needs to spend money, it is obliged to prepare its budget like every other business
enterprise. That budget will be scrutinized by the executive and forwarded to the National Assembly and the National Assembly will accordingly appropriate it.

“If the federal government cannot spend without appropriation, why should any agency spend without appropriation?”
Mr. Oshiomhole said President Buhari promised that henceforth, all monies must go to the federation account.

“What you need you budget for, Nigeria cannot continue with you earn the money and spend it. Where is transparency? Where is the role of the National Assembly? So if you were doing that you won’t have a situation where the NNPC alone will spend N3.8 trillion and remit to the federal, states and local governments N4.3 trillion which means NNPC is taking about 47 per cent and that explains all the leakages you are talking about.”

He said parastatals must return to spending on a budget.
“We are not reinventing the wheel, that is the way it used to be and that is the way the constitution says it should”

EXCESS CRUDE ACCOUNT

The Edo governor also disclosed $2.1 billion was withdrawn from $4.1 billion reported to be in the excess crude account as at November 2014 without the approval of the National Economic Council (NEC). The account now has $2.0bilion.

“We looked at the numbers for the Excess crude account, the last time the Minister of Finance and Coordinating Minister of the Economy reported to the Council and it is in the minute, she reported by November 2014, that we had $4.1 billion.

“But today the Accountant General Office reported we have $2.0 billion. Which means the Honourable Minister spent $2.1billion without authority of the NEC. And that money was not distributed to states, it was not paid to the three tiers of government.

This is why the NEC has set up a panel to look at what accrued, what it was spent for, when and by whom. So that Nigerians will have the full picture of all the transactions as regards the much talked about Excess crude,” Mr. Oshiomhole said.

The four-member committee, which consists of the governors of Edo, Gombe, Kaduna and Akwa Ibom states.

Explaining further, Kaduna State Governor, Mr. El-Rufai, noted that the Federal Government had in the last year been unilaterally withdrawing from the excess crude account without consulting the other owners.

According to him “The Excess Crude account was started by President Olusegun Obasanjo around
2004-2005.

“It was an administrative arrangement to save for a rainy day. And it was meant to have very clear accountability such that every state and local government, in a particular state knows their balance in the Excess Crude Account, though you can’t spend it but you know how much of it is yours.

“That was the arrangement. And in those days, before we spend any money from the Excess Crude Account, the federal and states governments will meet and agree. That is how we agreed to build the seven power stations which is NIPP today, it was from Excess Crude Account. And we also met and agreed to build the Lagos – Kano Standard Gauge Rail Line from the Excess Crude Account.

“But what we have seen, in the last few months or years is that the Excess Crude Account was operated unilaterally by the federal government, drawings were made unilaterally without consulting those that actually own the money because the Excess Crude Account is 52 percent owned by the federal government and 48 by the states and LGA.

“So the decision of the NEC is to set up this committee of four to look at the operations of the Excess Crude Account and make recommendations to council on its future.

“The other thing the committee will do is to look at the operations of the federation accounts particularly the shortfall and again come back to council with very clear recommendations as to what to do.

“We have not been given a time frame but as you can imagine states government are under pressure, many of our state governments are unable to pay salaries on time without recourse to borrowing, so this is very important to us. This is an all governors committee, we wear the shoes we know where it pinches. So we are going to do this as quickly as possible,” he said.

The Council’s next meeting of the council is on July 23rd, and Mr. El- Rufai said he hopes the committee will complete its work and be in position to report to council on that day.
Zamfara governor, Abdulazeez Yari, said the council also agreed that the Federal Government in conjunction with the Central Bank, will see how to support financially ailing states.

http://www.premiumtimesng.com/news/headlines/185838-revealed-in-three-years-nnpc-generated-n8-1-trn-gave-nigeria-n4-3-trn-pocketed-the-balance.html[/quote]

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