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Politics / Re: Tinubu’s Support Group To Ask Youths Be Involved In Party Politics by manza88: 12:47pm On Jan 31, 2021
Na so so talk!
Autos / Re: 2015 Corolla For Sale by manza88: 1:52pm On Sep 26, 2019
Gone...
Autos / Re: 2015 Corolla For Sale by manza88: 10:00am On Sep 13, 2019
Available
Autos / Re: 2015 Corolla For Sale by manza88: 9:51am On Sep 12, 2019
Still Available
Autos / 2015 Corolla For Sale by manza88: 3:22pm On Sep 11, 2019
Hola if you're interested. Tokunbo 2015 corolla for sale. Will go quick. Whats app 08140439505 for inspection
#5m slightly negotiable

Autos / Re: 2006 Mercedes Benz ML350 Registered For Sale by manza88: 4:16pm On Jul 26, 2019
How much?
Travel / Re: General UK Visa Enquiries - Part 3 by manza88: 11:12am On Jun 12, 2016
Hi Everyone, just if anyone can help. Currently in the uk and wife and child in Nigeria. I have worked for the last 3 months and want her to visit. Would my 3 months payslip be sufficient to support her as a sponsor?
Politics / Breaking: Jonathan, Okonjo-iweala Mismanaged ECA Funds–frc Boss(saharareporters) by manza88: 3:00pm On Jul 06, 2015
Raymond Omachi, the acting chairman of Fiscal Responsibility Commission (FRC) has stated that the past administration led by Goodluck Jonathan and its Finance Minister, Ngozi Okonjo-Iweala mismanaged funds in the Excess Crude Account (ECA).

Although Omachi did not mention names, he frowned at the practice of the federal government to pay subsidy from the ECA or to share to states from the ECA when available funds are not adequate to meet revenue projections.

He said that the ECA was established in 2004 to protect planned budget against shortfalls due to volatile crude oil prices, but that was not how the funds from the account were spent today.

“If the ECA had been properly managed, in accordance with the FRC act, the country will not have been embroiled in the liquidity crisis being presently experienced,” he said on Sunday in Abuja during an interactive session with the News Agency of Nigeria (NAN).

Omachi said that the FRC Act stated that savings from the ECA should not be accessed until oil price falls below the predetermined level for a period of three consecutive months.

He said that the sum accessed should be limited to the amount that would bring the revenue of government to the level contained in its budget estimates.

Omachi, supported by the commission’s management team, said also that the other acceptable withdrawal from the ECA was to fund capital projects.

He said that over the years, the commission had noticed withdrawal that was contrary to this and had raised alarm severally at the way the ECA was being brazenly depleted.

“In essence, the non-compliance with the relevant sections of the Fiscal Responsibility Act, 2007, is the cause of the financial management problem being experienced by the country in the light of the sliding oil price.

“If the account had been intact, the effect of declining oil price will have been accommodated with the ECA buffer to finance the budget,” he said.

Hajiya Maryam Mohammed, the Commission’s Head, Planning, Research and Statistics, said there was need for synergy between the Federal Ministry of Finance, Budget Office, Office of the Accountant-General of the Federation and FRC.

Mohammed said that this would enable efficient monitoring and control of all revenue generation and expenditure in the country.

She said that it was lack of synergy that has created loopholes where revenue generating agencies practice creative accounting in order to short-change the government.

Speaking, the Head, Monitoring and Evaluation, FRC, Mr Ola Tijanni, said the recommendation of the Orunsaya report and the White Paper approval to scrap FRC was hampering the work of the commission.

“The FRC has been monitoring schedule corporations in the area of preparation of MTEF, rendition of audited accounts and payment of 80 per cent of their operating surplus to the government consolidated revenue fund.

“In 2013, due to acceptance of government to scrap the FRC, remittances of operating surplus rather than increase, dropped drastically as most agencies are no longer disposed to cooperating with the FRC.

“In light of the foregoing, we make bold to suggest that rather than being scrapped, the FRC should be strengthened and empowered to diligently enforce the provision of the FRC Act,” he said.

It would be recalled that Governor Nasir El Rufai of Kaduna state also stated that the ECA was created by the government of Chief Olusegun Obasanjo for the ‘rainy days’.

http://saharareporters.com/2015/07/05/jonathan-okonjo-iweala-mismanaged-eca-funds-%E2%80%93-frc-boss

Politics / Breaking: Jonathan, Okonjo-iweala Mismanaged ECA Funds–frc Boss(saharareporters) by manza88: 2:54pm On Jul 06, 2015
aymond Omachi, the acting chairman of Fiscal Responsibility Commission (FRC) has stated that the past administration led by Goodluck Jonathan and its Finance Minister, Ngozi Okonjo-Iweala mismanaged funds in the Excess Crude Account (ECA).

Although Omachi did not mention names, he frowned at the practice of the federal government to pay subsidy from the ECA or to share to states from the ECA when available funds are not adequate to meet revenue projections.

He said that the ECA was established in 2004 to protect planned budget against shortfalls due to volatile crude oil prices, but that was not how the funds from the account were spent today.

“If the ECA had been properly managed, in accordance with the FRC act, the country will not have been embroiled in the liquidity crisis being presently experienced,” he said on Sunday in Abuja during an interactive session with the News Agency of Nigeria (NAN).

Omachi said that the FRC Act stated that savings from the ECA should not be accessed until oil price falls below the predetermined level for a period of three consecutive months.

He said that the sum accessed should be limited to the amount that would bring the revenue of government to the level contained in its budget estimates.

Omachi, supported by the commission’s management team, said also that the other acceptable withdrawal from the ECA was to fund capital projects.

He said that over the years, the commission had noticed withdrawal that was contrary to this and had raised alarm severally at the way the ECA was being brazenly depleted.

“In essence, the non-compliance with the relevant sections of the Fiscal Responsibility Act, 2007, is the cause of the financial management problem being experienced by the country in the light of the sliding oil price.

“If the account had been intact, the effect of declining oil price will have been accommodated with the ECA buffer to finance the budget,” he said.

Hajiya Maryam Mohammed, the Commission’s Head, Planning, Research and Statistics, said there was need for synergy between the Federal Ministry of Finance, Budget Office, Office of the Accountant-General of the Federation and FRC.

Mohammed said that this would enable efficient monitoring and control of all revenue generation and expenditure in the country.

She said that it was lack of synergy that has created loopholes where revenue generating agencies practice creative accounting in order to short-change the government.

Speaking, the Head, Monitoring and Evaluation, FRC, Mr Ola Tijanni, said the recommendation of the Orunsaya report and the White Paper approval to scrap FRC was hampering the work of the commission.

“The FRC has been monitoring schedule corporations in the area of preparation of MTEF, rendition of audited accounts and payment of 80 per cent of their operating surplus to the government consolidated revenue fund.

“In 2013, due to acceptance of government to scrap the FRC, remittances of operating surplus rather than increase, dropped drastically as most agencies are no longer disposed to cooperating with the FRC.

“In light of the foregoing, we make bold to suggest that rather than being scrapped, the FRC should be strengthened and empowered to diligently enforce the provision of the FRC Act,” he said.

It would be recalled that Governor Nasir El Rufai of Kaduna state also stated that the ECA was created by the government of Chief Olusegun Obasanjo for the ‘rainy days’.

http://saharareporters.com/2015/07/05/jonathan-okonjo-iweala-mismanaged-eca-funds-%E2%80%93-frc-boss

Politics / Breaking: Jonathan, Okonjo-iweala Mismanaged ECA Funds–frc Boss(saharareporters) by manza88: 2:49pm On Jul 06, 2015
aymond Omachi, the acting chairman of Fiscal Responsibility Commission (FRC) has stated that the past administration led by Goodluck Jonathan and its Finance Minister, Ngozi Okonjo-Iweala mismanaged funds in the Excess Crude Account (ECA).

Although Omachi did not mention names, he frowned at the practice of the federal government to pay subsidy from the ECA or to share to states from the ECA when available funds are not adequate to meet revenue projections.

He said that the ECA was established in 2004 to protect planned budget against shortfalls due to volatile crude oil prices, but that was not how the funds from the account were spent today.

“If the ECA had been properly managed, in accordance with the FRC act, the country will not have been embroiled in the liquidity crisis being presently experienced,” he said on Sunday in Abuja during an interactive session with the News Agency of Nigeria (NAN).

Omachi said that the FRC Act stated that savings from the ECA should not be accessed until oil price falls below the predetermined level for a period of three consecutive months.

He said that the sum accessed should be limited to the amount that would bring the revenue of government to the level contained in its budget estimates.

Omachi, supported by the commission’s management team, said also that the other acceptable withdrawal from the ECA was to fund capital projects.

He said that over the years, the commission had noticed withdrawal that was contrary to this and had raised alarm severally at the way the ECA was being brazenly depleted.

“In essence, the non-compliance with the relevant sections of the Fiscal Responsibility Act, 2007, is the cause of the financial management problem being experienced by the country in the light of the sliding oil price.

“If the account had been intact, the effect of declining oil price will have been accommodated with the ECA buffer to finance the budget,” he said.

Hajiya Maryam Mohammed, the Commission’s Head, Planning, Research and Statistics, said there was need for synergy between the Federal Ministry of Finance, Budget Office, Office of the Accountant-General of the Federation and FRC.

Mohammed said that this would enable efficient monitoring and control of all revenue generation and expenditure in the country.

She said that it was lack of synergy that has created loopholes where revenue generating agencies practice creative accounting in order to short-change the government.

Speaking, the Head, Monitoring and Evaluation, FRC, Mr Ola Tijanni, said the recommendation of the Orunsaya report and the White Paper approval to scrap FRC was hampering the work of the commission.

“The FRC has been monitoring schedule corporations in the area of preparation of MTEF, rendition of audited accounts and payment of 80 per cent of their operating surplus to the government consolidated revenue fund.

“In 2013, due to acceptance of government to scrap the FRC, remittances of operating surplus rather than increase, dropped drastically as most agencies are no longer disposed to cooperating with the FRC.

“In light of the foregoing, we make bold to suggest that rather than being scrapped, the FRC should be strengthened and empowered to diligently enforce the provision of the FRC Act,” he said.

It would be recalled that Governor Nasir El Rufai of Kaduna state also stated that the ECA was created by the government of Chief Olusegun Obasanjo for the ‘rainy days’.

http://saharareporters.com/2015/07/05/jonathan-okonjo-iweala-mismanaged-eca-funds-%E2%80%93-frc-boss

Autos / (photos) Advice Needed!!! Alfa Romeo 156... by manza88: 7:02am On Jul 02, 2015
Is it advisable to import this car to Nigeria? are the parts available and are there mechanics that can fix them if need be. Also, what's the second hand market like?

See pics below...

Constructive opinions please....

Investment / Re: Sale Of Street Light Contract, Fed. Min. Of Works by manza88: 6:41am On Jun 17, 2015
Hi, I need a bit more information so please email me at manteejay@hotmail.com with more info. I'm seriously interested.
Investment / Re: 200million Contract For Sale @ 20million by manza88: 6:32am On Jun 17, 2015
Send me the details please manteejay@hotmail.com. Also, is it negotiable?
Politics / Re: Breaking News:- Obasanjo Defects To APC by manza88: 6:31am On Jan 27, 2015
Not credible, what's your source?
Politics / Re: Breaking News:- Osinbajo To Resign If Buhari Wins. by manza88: 5:50pm On Dec 29, 2014
Ignorance is a disease!

3 Likes

Jokes Etc / Re: Hilarious Confession Of A Fat Housewife by manza88: 12:50pm On Dec 28, 2014
Woooooow! LWKMD! Unbelievable...
Politics / Re: Reuben Abati Releases Wikileak's Secret Documents On Buhari by manza88: 8:48am On Dec 19, 2014
What is this? Mtsscheeeew! Find better things to do please cos this info means nothing!
Politics / Re: SEC, NNPC, Top List Of Agencies Stealing Billions Of Federal Revenues by manza88: 4:01pm On Dec 16, 2014
This is a direct result of not strengthen the FRC. If the federal government gives the commission enough power, i'm certain, the right people will be enforced to produce the appropriate information as a required. The FRC is an integral part of any developing and developed economies, they are the one to protect Nigeria from corruption not like any other agency where their duty only start after the corruption has been completed.
Family / Re: You're Not A Nigerian If You Didn't Do These Things As A Child by manza88: 1:16pm On Dec 06, 2014
Wonderful childhood memories mehn!
Politics / Re: Official: El Rufa'i Wins Kaduna Governorship APC Primaries by manza88: 6:59am On Dec 05, 2014
Congrats to a known reformer! Goodluck!

1 Like

Politics / Re: APC Guber Candidate Of Lagos State (akinwunmi Ambode) In Trouble With JAMB by manza88: 6:47am On Dec 05, 2014
Even if it's true, the address on the form reads Lagos state, therefore, the question is, has he been in Lagos since 1983? If yes, you have no point. He's able and capable! #gbam

3 Likes

Politics / Re: Boko-Haram Tried To Kidnap 540 School-Girls At Bajoga, But Failed!! (Pictures) by manza88: 6:35am On Dec 05, 2014
I'm sorry but this is just plain ridiculous. We all know how difficult it is in Nigeria to get grown ups to cue, even in the capital. So tell me how, they were able to file these kids in order with the though of a kidnap round the corner. #Adonbilive
Health / Re: Ebola Scare In Imo State (bath Salt Water) by manza88: 6:10am On Aug 08, 2014
My mum just woke me up oooo, when I was jst relaxing to sleep after morning prayers sad. Sha Sha, apparently, this salt water na in go save us....SMH... I rly find it funny... reporting from Abuja
Video Games And Gadgets For Sale / Brand New Playstation 3 Super Slim (PS3) Abuja by manza88: 11:57am On Nov 01, 2013
Brand new playstation 3 superslim
12gb
2 available

#65k
Phone/Internet Market / UK Used Blackebrry Bold 5 9900 In Abuja by manza88: 11:35am On Nov 01, 2013
Clean used bold 5 available in Abuja

#35k
Jobs/Vacancies / PWC Graduate Scheme 2014 by manza88: 1:48pm On Oct 18, 2013
Does anyone know if PWC graduate scheme will consider applications from a 2.2 graduates with experience?
Jobs/Vacancies / Nigerian Customs 2013/2014 by manza88: 4:52pm On Oct 16, 2013
Does anyone have current news on NCS recruitment?
NYSC / Re: NYSC 2013 Batch C Corp Members House by manza88: 10:51am On Jul 19, 2013
lewizylee: @every moves about batch C mobilisation will be accredited on track around next month..augusT......#HopesHighShA#

I soo cannot wait oooo....Thanks all the same
NYSC / Re: NYSC 2013 Batch C Corp Members House by manza88: 10:50am On Jul 19, 2013
Funpeter: very soon jst keep lock down on dese thread and first of all introduction dats our traditions

Thank you.....intorduction?
NYSC / Re: NYSC 2013 Batch C Corp Members House by manza88: 9:34am On Jul 19, 2013
Somebody help me ooooo!..... Any idea when registration will start for foreign graduates?
Politics / Re: Amaechi And Tinubu Celebrating Fashola's Birthday by manza88: 1:37pm On Jul 02, 2013
Nigeria's Leaders' Shallow Mentality: Even at levels as high as the governor's office, they still subscribe to the silly mentality of supporting foreign institutions blindly to the detriment of their own. Is the Lagos State government a shareholder in the Manchester United football business or what? How come a British football club, 6,500 kilometres away is being given free advert while the Stationery Stores FC of Lagos State is totally crippled and is not on the world's football radar? I just don’t understand the sense behind these ugly cakes.
What purpose do these symbols of cakey "bitter" cakes (with full insignia of Lagos State imposed side by side that of Man U logo) serve the interests of Lagosians except to continually get investments, recognition, etc., out of the state in favour of Manchester, UK which sadly still, did not solicit for the advert in any way? What about the effect this picture will have on unsuspecting, young, impressionable and naive minds in many years to come? I just can't come to terms with this childish idea at Fashola’s 50th birthday. It just steers logic on its head.
I love Fashola but I'm really disappointed at this anomaly at his 50th birthday. Hear this! Governor Fashola, Asiwaju Bola Tinubu and Governor Rotimi Amaechi, the management of Manchester United does not even know you guys exit, so please stop deluding yourselves and get on with the business of empowering your people and country. These Nigerian dealers (not leaders) must be jesters fit only for the circus. What a shame!

RE: I'm sorry but this ur analysis no make sense at all.....even though he's a governor, I beleive he is entitled to a personal life and it's not Lagos states 50th but Gov. Fasholas' 50th....so if he's loved ones deiceded a Man U cake is appropriate then so be it.....it has absolutely nothing to do with his office.....

Oga, abeg rethink before you start making silly insinuations like this
NYSC / Re: NYSC 2013 Batch C Corp Members House by manza88: 1:30pm On Jun 27, 2013
Does anyone know when registration starts?

1 Like

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