How can Jonathan justify giving money to every Tom - D1ck and Harry? Jonathan just gave money away to his cronies and asked them to run away with the money. Jonathan was busy giving money away to people he believed could make him remain president but God had his plan for them. My fellow Nigerians, we dodge a bullet when we voted this squanderer out of office. We would have been bankrupted today if Jonathan was still in office.

Can any TANOIDS/IPOB/GEJ till 2019 crew currently known as "Give Me Biafra or I Die" tell us why Jonathan should not rot in Kirikiri prison?

Can any of you justify the give away printed below?





Jonathan Gives Away 2 Trillion Naira to His Cronies Before Leaving Office


The Federal Government (FG), under the leadership of President Goodluck Jonathan, has spent at least N1.732trn on intervention funds in different sectors of the economy, investigation has found.

The figure represents the sum of the amounts approved by the FG as intervention funds between 2010, when Jonathan became President, and December 2012.

Some of the intervention funds include the N200bn Small and Medium Guarantee Scheme, N200bn Restructuring and Refinancing Facility Scheme and the N300bn Power and Airline Intervention Fund.


Others are the N75bn Grooming Enterprise Leaders Business Intervention Fund, N32bn Entertainment Intervention Fund and N10.71bn Commercial Agriculture Credit Guarantee Scheme to six banks by the Central Bank of Nigeria.

Also on the long list of intervention funds, are the N300bn approved for the hotel and leisure sub-sector in 2012; N200bn for indigenous pharmaceutical companies and N100bn textile industry bailout.

The FG also disbursed N126.1bn as export expansion grant between 2010 and 2012.



Also in 2010, the FG reportedly disbursed about N7.9bn to 25 companies from the National Automotive Fund. The money was for the production of vehicles, motorcycles and bicycle tyres and accessories.

An additional N3bn was earmarked for disbursement to nine companies before the end of that year.

In July 2012, the FG approved N330m grants to assist 20,000 farmers in Lagos state.

Similarly, in November, 2012, the FG, in collaboration with the Central Bank of Nigeria, disbursed a soft loan worth N9.4m to members of the Nigeria Cassava Growers Association, Nasarawa State chapter.


As at July 2011, the Bank of Industry had reportedly disbursed N195bn out of the N200bn meant for the refinancing of the manufacturing sector to 518 companies across the six geo-political zones, while N83bn out of the N300bn for the power and aviation sectors had also been disbursed to companies in these sectors.


As part of FG’s intervention in education in 2012, it approved N95.653bn for public tertiary institutions in the country, through the Tertiary Education Trust Fund.


Within the period under review, the FG disbursed several funds through the Universal Basic Education Commission. One of such was N94m disbursed to 125 communities in Bayelsa State, in September, 2011, for self-help projects.


In the agricultural sector, the CBN, through its Nigerian Incentive-Based Risk Sharing System for Agricultural Lending, approved a take-off grant of N75bn to boost agriculture businesses.

The Head, Project Implementation of NIRSAL, CBN, Mr. Jude Uzonwanne, reportedly said N45bn from the N75bn had been set aside as loans to the farmers, while the balance would be used to train and insure them.


Irked by the situation in which government’s interventions have had little or no impact on the economy, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), conducted a survey and found that only six per cent of industrialists accessed the funds.

NACCIMA said this at the presentation of the survey report to stakeholders in July 2012.

NACCIMA President, Dr. Ademola Ajayi, said the intervention funds were faced with the problem of accessibility.

According to Ajayi, despite the FG’s N100bn textile bailout fund, less than 25 per cent of textile manufacturers were operating above 50 per cent capacity utilisation.


Apart from inability of stakeholders to access the government’s intervention funds, there have been discrepancies in the administration of the funds.

While some of the funds have been diverted to other uses, parts of the funds can no longer be accounted for.

The Senate Committee on Public Accounts, last year, raised the alarm over a missing N44bn from the FG’s Special Intervention Fund on Solid Minerals.

The committee discovered the missing funds during an interactive session it had with officials of the Federal Ministry of Finance, the Central Bank of Nigeria and the Office of the Accountant-General of the Federation.

The committee said despite the fact that the fund was created by the FG as a special intervention fund to develop the non-oil sector of the nation’s economy, no project had been accomplished in the sector.

According to the Senator Ahmad Lawan-led committee, the records of the Federal Ministry of Finance and that of the CBN could not properly account for about N44bn, out of the total figure of N873bn, between 2002 and May 31, 2012.

The committee also found that part of the funds had been used to finance projects in other sectors.

Meanwhile, an anti-corruption group, Coalition for Against Corrupt Leaders (CACOL), said Nigerians had yet to see the impact of the funds on their lives.

The Executive Chairman, CACOL, Mr. Debo Adeniran, said, “The funds are meant to settle the boys, the political elite. It is just a palliative to hoodwink people into believing that the government is helping them.

“The solution is not to dole out funds but to make sure jobs are generated and infrastructure is developed to encourage small and medium-scale industries. There should be micro-credit facilities for entrepreneurs to increase local content. Most intervention funds are a wrong step in the right direction. The government is just chasing shadows. The funds will not make people face the reality to be creative and productive.”

Another group, Socio-Economic Rights and Accountability Project (SERAP), said it was improper for the government to approve intervention funds for private enterprises, citing the example of the aviation sector.

The Executive Director, SERAP, Mr. Adetokunbo Mumuni, said, “If the government allocates funds for public institutions, provided it is properly accounted for, it is acceptable; when such funds are for private businesses, it is not acceptable. Why use the public funds to intervene in private enterprises? It is unreasonable and unjustifiable.

“Spending on private businesses sounds fraudulent. Monies have been spent without proper account for them. The government can only give financial intervention, provided funds would be spent transparently and accountably.”


https://www.naij.com/19841.html

These were just give away to Jonathan's cronies. Can Jonathan defend any of these give away funds today?

cc: Ngeneukwenu, tonyebarcanista, omemka, cleverly, noblezone, modath, mynd44,

Little by little,the probe search light is searching to his direction

@eye4eye,I am trying to garner support for people of like minds,off and online to ask the FG of Muhammadu Buhari why GEJ has still not been invited by the efcc and even DSS to explain the many scams under his watch and the preventable loss of lives of well trained soldiers, under his watch while weapon funds were shared like a bazaar btw those in and out of power.
Please find your own way for these our voices to grow loud everyday to question all the relevant authorities as to why gej is travelling the world, exercising freedoms while he should be confined and questioned like they have done to dasuki,dokpesi,diezanni in London, etc.
Even if nland bans me,i wud not relent and other God fearing and just humans too, should not, until gej is made to pay for the various crimes he committed against Nigeria.
Even if he is given the benefit of innocent till proven guilty, he should @least be in a confined space by now answering all questions that have cropped up concerning how he supervised the rap e of Nigeria.
As long as gej is walking free,we should have no sleep until he is brought to justice!

I agree. oya, go and arrest him now. Gej is bigger than buhari obj and tinubi put together. make buhari try am now.

Jonathan already the past, Buhari won't even think of faustrating his life more, He has done it and make history, he handed the goverment to buhari easily, Do you know how much that worth?? U still expect him to rot in jail, Haba!! Make una dey pity small small nw!!!

The people that helped him should be thought a lesson simple.

eye4eye:
These were just give away to Jonathan's cronies. Can Jonathan defend any of these give away funds today?

cc: Ngeneukwenu, tonyebarcanista, omenka, cleverly, noblezone, modath, mynd44,

Jonathan like Fashola did not sign checks.. Let him be you hypocrite

Are you a law court? So why giving verdict?



Nairalanders today is my birthday,pleasr dont shower me with likes only shower me with prayers also

doctokwus:
[s]@eye4eye,I am trying to garner support for people of like minds,off and online to ask the FG of Muhammadu Buhari why GEJ has still not been invited by the efcc and even DSS to explain the many scams under his watch and the preventable loss of lives of well trained soldiers, under his watch while weapon funds were shared like a bazaar btw those in and out of power.
Please find your own way for these our voices to grow loud everyday to question all the relevant authorities as to why gej is travelling the world, exercising freedoms while he should be confined and questioned like they have done to dasuki,dokpesi,diezanni in London, etc.
Even if nland bans me,i wud not relent and other God fearing and just humans too, should not, until gej is made to pay for the various crimes he committed against Nigeria.
Even if he is given the benefit of innocent till proven guilty, he should @least be in a confined space by now answering all questions that have cropped up concerning how he supervised the rap e of Nigeria.
As long as gej is walking free,we should have no sleep until he is brought to justice![/s]

Jonathan like Fashola did not sign checks you bloody hypocrite.. Let Buhari do his worst but he must start by probing the Remitta fraud in his government, he must probe the source of the billions he used to campaign despite claiming to be from a poor background.. Buhari must also question himself,Fashola, Amaechi, Tinubu etc on the massive fraud hanging on their necks.. Until buhari does these, you can stay ranting on nairaland like a mad mad while waiting for support from people for your useless quest bloody hypocrite

Truckpusher:
You're a mad man ,before you ask for Jonathan's head then it is important to hang all your elites that have been sharing oil wealth for the past 50yrs with zero accountability.

I wonder how you guys from your parasitic regions open your mouths to talk trash - If they ask your parasitic regions to pay for the environmental degradation that is still taking place in Jonathan's homeland, I hope your lazy parasitic ass can afford to pay up considering your level of mismanagement of this country's wealth that you've been rotating among yourselves for decades?

Before Jonathan will rot in prison ,your parents won't have stipends from Abuja as usual to save your parasitic ass from going bankrupt.

Thunder fire your miserable lives.

You will live long for being a brilliant youth with a sound mind.......some of these miserable youths always assume that corruption began and ended with Jonathan when in actual fact nothing of such can be directly linked to him unlike the likes of Obasanjo (Haliburton, MTN and Glo egunje, Otta Farm Scam, Transcorp, The Bells University etc); IBB (largest shareholders in many blue chip companies through the back door, $12 billion oil wind fall, etc); Abdulsalam (one of the largest looter within shortest reign of 11 months in power.....billions of Naira went with him - Al Mustapha); Abacha (we all know the deal and many other shady deals); ....

asadike:
I agree. oya, go and arrest him now. Gej is bigger than buhari obj and tinubi put together. make buhari try am now.

asa how far longest time

Truckpusher:
Continue deluding yourselves here and be talking rapidly like a Yoruba talking drum - Jonathan ain't going nowhere.

We've sacrificed our land to feed your lazy ass ,in fact Jonathan has every right to steal everything if he wishes.

Every Niger Delta child has every right to dip his hands into that treasury and take as much as he can - He's simply taking back from the people that stole from our fathers at gun point.

Go hang yourself - Start it offline and you'll have a bullet to your head before you'll see the outcome.

Like mind ko! stupid mind ni!

lolz @ bolded

tomakint:

You will live long for being a brilliant youth with a sound mind.......some of these miserable youths always assume that corruption began and ended with Jonathan when in actual fact nothing of such can be directly linked to him unlike the likes of Obasanjo (Haliburton, MTN and Glo egunje, Otta Farm Scam, Transcorp, The Bells University etc); IBB (largest shareholders in many blue chip companies through the back door, $12 billion oil wind fall, etc); Abdulsalam (one of the largest looter within shortest reign of 11 months in power.....billions of Naira went with him - Al Mustapha); Abacha (we all know the deal and many other shady deals); ....

They thought the APC was going to share money and as soon as it became obvious to them that these promises made during the election was all a big smokescreen ,now they are looking for a scapegoat.


I laugh them in paya ,let Buhari embark on any journey of ridicule let's ridicule the already ridiculed economy that the Hausa/Fulani and their Afonjas in the South West have bastardized for years.

Ordinary drop in oil prices , they've already started sharing odorless fufu, how much if it ceases to flow at all?

Parasites forming kingkong.

Imagine the set of foools nigeria has as its youth. Disgusting set of humans whose only defence in support of a president who ruined their lives and deprived them of living like 'normal humans' is ''He's in bayelsa, Go and arrest him..'' What a set of complete lunatics we have in that country called nigeria!!!

eye4eye:
These were just give away to Jonathan's cronies. Can Jonathan defend any of these give away funds today?

cc: Ngeneukwenu, tonyebarcanista, omemka, cleverly, noblezone, modath, mynd44,

Hehehehehehe @ bolded


eeehmm @Op *in Oshiomole's voice *

go and die

*in Lier Muhammed voice *

go to court


* in bloodykiller's voice *

go to hell and rot in hades

Gej remains the best president ever since 1960 #Facts

DSS Director General or EFCC boss are a small fry to invite Jonathan for questioning. I don't know how that will happen.

GenbIoodykiller:

asa how far longest time

cool and u?

asadike:
cool and u?

am here nne you scarce for my eyes

eye4eye:
oloriburuku nie. Kobaje fun e

Afo sagbuo nne i
Otolo gbagbuo nna i ebea
Ikpu nne i ebea

eye4eye:
[s][/s]


Asari is that you again?

Badt Guy