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Nairaland Forum / Manza88's Profile / Manza88's Posts
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Na so so talk! |
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Gone... |
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Available |
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Still Available |
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Hola if you're interested. Tokunbo 2015 corolla for sale. Will go quick. Whats app 08140439505 for inspection #5m slightly negotiable
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How much? |
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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? |
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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
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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
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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
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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....
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Hi, I need a bit more information so please email me at manteejay@hotmail.com with more info. I'm seriously interested. |
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Send me the details please manteejay@hotmail.com. Also, is it negotiable? |
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Not credible, what's your source? |
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Ignorance is a disease! 3 Likes |
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Woooooow! LWKMD! Unbelievable... |
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What is this ![]() |
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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. |
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Wonderful childhood memories mehn! |
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Congrats to a known reformer! Goodluck! 1 Like |
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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 |
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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 |
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My mum just woke me up oooo, when I was jst relaxing to sleep after morning prayers ![]() |
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Brand new playstation 3 superslim 12gb 2 available #65k |
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Clean used bold 5 available in Abuja #35k |
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Does anyone know if PWC graduate scheme will consider applications from a 2.2 graduates with experience? |
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Does anyone have current news on NCS recruitment? |
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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 |
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Funpeter: very soon jst keep lock down on dese thread and first of all introduction dats our traditions Thank you.....intorduction? |
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Somebody help me ooooo!..... Any idea when registration will start for foreign graduates? |
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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 |
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Does anyone know when registration starts? 1 Like |
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