imoleay0:


...as if you matter, I know how you low lifers operate, hiding behind internet to type what you can't say.
Why don't you work on yourself first before you start insulting a sitting president?


Eranko lasan lasan.

nigerhead:



Chairman, the majority of the governors are PDP governors and not "opposition governors". The Federal goverment cannot in one breath tell us that they are sharing money from an "Excess Crude Account", then now go to court and say there is no such excess crude account.

docadams:
I have gone through this thread but can't seem to find
Kenai
Collynzo9
Ngwake
Firefire
Pa Chukwudi
Anomini

pendy79:
The Federal Government yesterday told the Supreme Court that there was nothing like Excess Crude Account (ECA) in existence anywhere and challenged the 36 states challenging the legality of the alleged account to prove otherwise.


The case came up on Tuesday after several failed attempts for an out-of-court settlement between the warring parties. In the suit, the states are also challenging the transfer of $1 billion from the account to the Sovereign Wealth Fund (SWF).

The court, presided by the Chief Justice of Nigeria, was forced to adjourn proceedings to March 19, 2015 after the court could not locate some of the processes filed by counsel to the 36 states of the federation, Yusuf Ali.

Although Ali had urged the court for a stand down to enable him trace the process at the registrar, he was overruled by the CJN who said the court had no luxury of time to grant such a request.

Earlier, counsel from the chambers of the Federal Attorney General, Mohammed Bello Adoke (SAN), Ahmed Abdulmalik informed the court that the alleged Excess Crude Account does not exist.

His words: “The plaintiffs are deceiving themselves. They are aware that there is nothing like ECA anywhere. As soon as any money comes from the account, it is channeled into the Federation Account and shared every month among the states.

“The Federal Government is at a loss as to how the states came up with their claim. The Federal Government is interested in proceeding with this case so that the states can tell the court where the ECA is domiciled. My lords, we are ready to tackle the plaintiffs in court.”


The CJN had earlier insisted that the matter should be settled amicably out of court by both parties saying there was nothing difficult to warrant the interpretation by the Supreme Court.

“If counsels are sincere with their clients, it’s a matter that should be resolved without the court’s intervention,” Justice Mohammed stated.

In the suit, the states stated that the conduct of the government of the federation and its officials was a violation of rule of law and a breach of the independence of the judiciary and constitutes a violation of the principles of rule of law handed down by the Supreme Court in the case of Governor of Lagos v Odumegwu Ojukwu (1986) pt 1 NSCC 304 and Rotimi Chibuike Amaechi v INEC (2008) 5 NWLR (pt 1080) 277.

In addition, they described the action of the Federal Government as executive lawlessness and impunity, saying the proposed disbursement of $1 billion by the Federal Government, its Minister of Finance and other officers would create a state of fait accompli and helplessness, if not stopped immediately


http://sunnewsonline.com/new/?p=103130

sunayo:
Why are you APC supporters all ranting? Tell your governors not to settle out of court. They should provide EVIDENCE, FACTS, that all FG asked for.

Don't you think if the account exist your governors will provide details?

Every month they share excess money on crude instead of saving for raining days. Now that oil price has crashed they are now crying.

Sunday8650:

The fact you need is your minister of finance. Ngozi Iweala attest to the fact that their is excess crude account and claim 9.3billion dollars was in there. now your stupid president and his attorney claim their is no ECA account.

please you guys should package your lie well before it leaves your mouth.

So obvious its only fools that protect a thief and fraudster thinking he is not stealing from him. Everything you all have been eating soon you will cough it out or spend your life in kirikiri

imoleay0:


It's obvious all you want to see/hear about this government is bad news, that's why you don't search for truth to confirm before you conclude. who are you to talk about sense when you have none?
Give it up, there's nothing you can do to GEJ with that temporary voters card in your hands.

Settle with your life first man.

docadams:
I have gone through this thread but can't seem to find
Kenai
Collynzo9
Ngwake
Firefire
Pa Chukwudi
Anomini

Chrisabig:
I see everybody on this nairaland are for apc, even with UNA eyes you guys still blind to see and tell the truth. How can a old stupid fool that rule my father father will still come and rule me in this model life, are you guys stupid or mad. GEJ make not be good but never will it be this Fulani guy, never in my life

PassingShot:



Omo ale jati jati ni e. Oponu ayirada lasan lasan!

pendy79:


why the sudden denial of the ECA? they said they were saving some funds from the sales of Crude in the ECA but when the state governors said they want to be privy to how the funds is being managed they are suddenly denying its existence.

It is clear the ECA is being run and operated like the way they operate the NNPC accounts, they have no records of how they expend monies since it is part of their National Cake they cut off chunks from as they pleases.

tola9ja:
BOKO HARAM DOCUMENTARY PLEASE WATCH

PLEASE WATCH PLEASE WATCH PLEASE WATCH


https://www.youtube.com/watch?v=qVRcjonuoq4

imoleay0:


See u, I live in my father's house, where do u live?

coldFLARES1:
Una never jam wahala. Una go soon hear say 'No foreign reserve'

julie8:
The Nigerian Government under PDP is a shame.

elohorayodele:


I know you somewhere, your pic looks familiar

julie8:
Really? I'm feeling so fly this morning. Where did you school?

elohorayodele:


Not school, I have seen your pic somewhere. IS that you in your profile pic?

Sanchez01:
JESUS! No excess crude account ke Someone please tell me I'm still in Nigeria


Source : http://www.mynewswatchtimesng.com/jonathan-not-squander-excess-crude-account-foreign-reserves-finance-ministry/