oluamid:


Where and when did you see me name the former Finance Minister, pray tell? My post that you first quoted, m.oron, talked about people supporting those who agreed to have stolen money. A case of Stockholm syndrome.

Even the former minister you seem to be supporting agreed she gave the money to Dasuki in the first place.

I seriously don't understand you. How can you support these people after seeing that picture in my previous post?

It's really mind-boggling what tribalism (not corruption) has done to this country.

omonnakoda:

The bailout fund was done openly and not in secret like these other issues so we can debate its legality or otherwise and citizens can even go to court. Also the elected representatives of the people in the Natioanal Assembly are aware and have the opportunity to raise objections.
The CBN Act establishes the CBN as Banker to government and empowers it to make loans to ALL tiers of government which is what the bailout money is in part. Part of the bailout money is Excess Crude money which also has queries about its constitutionality and I believe is already before the courts. FG has no authority to maintain excess crude funds without consent of states

ejiyke2007:




Arrest Good luck Jonathan if you are serious not Okonjo-Iweala & Emefiele
Good luck Jonathan as the president has the veto power to authorize anybody to something that is final ,if you want to arrest you arrest him not those obedient servant if this anti corruption war is something to talk about i rest my case.

tunjion:
Aboki must be using yoruba identity, becos i dont know see wen my people have become so bigoted and tribalist that they want every igbo persecuted.

Everytime they write press, if it is not Stella Oduah, IT is Alison Madueke, now Ngozi Okonjo Iweala and Emefiele. Nobody ask of Fashola or Tinubu?

porka:


Are National Security issues debated openly?

Do you know what the security act says? Is Buhari not spending money on national security now? Are they being debated? Please let us know where the debate is going on.

oluamid:


Where and when did you see me name the former Finance Minister, pray tell? My post that you first quoted, m.oron, talked about people supporting those who agreed to have stolen money. A case of Stockholm syndrome.

Even the former minister you seem to be supporting agreed she gave the money to Dasuki in the first place.

I seriously don't understand you. How can you support these people after seeing that picture in my previous post?

It's really mind-boggling what tribalism (not corruption) has done to this country.

omonnakoda:




The bailout fund was done openly and not in secret like these other issues so we can debate its legality or otherwise and citizens can even go to court. Also the elected representatives of the people in the Natioanal Assembly are aware and have the opportunity to raise objections.
The CBN Act establishes the CBN as Banker to government and empowers it to make loans to ALL tiers of government which is what the bailout money is in part. Part of the bailout money is Excess Crude money which also has queries about its constitutionality and I believe is already before the courts. FG has no authority to maintain excess crude funds without consent of states

bettercreature:
How much did you get from all these stolen funds? stop acting like illiterate,we youth are the one paying for these bullcraps,You are right to some point tho,PMB must not get involve

plaetton:


You are right about tribalism.
And that is the problem here.

Everyone is sooo eager to calumnize and hang the former finance minister, that simple facts are eluding them: primarily that the former finance minister DID NOT operate an illegal slash fund, nor did she authorize the disbursement of monies for political purposes.
That has been self-evident thus far.

There was nothing secret or illegal about her approving funds to fight boko haram.

How such monies were eventually spent is another matter that is being investigated at the moment.

We are all after the same results.

But let's not muddle the facts while seeking the truths.

tunjion:
Aboki must be using yoruba identity, becos i dont know see wen my people have become so bigoted and tribalist that they want every igbo persecuted.

Everytime they write press, if it is not Stella Oduah, IT is Alison Madueke, now Ngozi Okonjo Iweala and Emefiele. Nobody ask of Fashola or Tinubu?

plaetton:


You are right about tribalism.
And that is the problem here.

Everyone is sooo eager to calumnize and hang the former finance minister, that simple facts are eluding them: primarily that the former finance minister DID NOT operate an illegal slash fund, nor did she authorize the disbursement of monies for political purposes.
That has been self-evident thus far.

There was nothing secret or illegal about her approving funds to fight boko haram.

How such monies were eventually spent is another matter that is being investigated at the moment.

We are all after the same results.

But let's not muddle the facts while seeking the truths.

eph12:

From my understanding of NOI's letter to the President I think she recommended the money that should be given to the ONSA should be a loan that will be paid back.

bettercreature:
President is supreme in Nigeria,those things you mentioned are just in the book,refuse to carry out presidential order at your own peril

centje:
And so it came, chaff articles motivated by Tribalism, littering our cyber space. This time it's from olufamous.com

The hilarious part if that everyone now knows the law. I keep saying this, even if leadership is give to the current young generation of Nigerians, they will fail. Our Educational system has been breeding illiterates as graduates. Unless our educational system is overhauled we cannot get it right in this country.

Just take a look at sleekyp display of ignorance. You should have kept quiet on issues you have limited knowledge.

Tell me, the Bail out fund given to States by Buhari's Administration is it illegal too?


The Ngozi Okonjo-Iweala Alleged Illegal Diversion, What The Constitution Says & Dasuki

I've read several opinions on this matter and most of them are emotional rather than logical. Let's break this issue down and address them bit by bit. Please note that this is strictly my personal opinion:

Q: Was there a diversion?
My take: Yes

Q: Was the diversion illegal?
My take: No, the diversion was not illegal. Ngozi duly got approval for the transfer and the use of the funds. She stated in the memo that the fund was to be shared on a 50-50 basis (security-development). With this approval from the C-in-C, the 'diversion', if you can still call it one, was legal and duly authorized.

Q: But the fund was not appropriated? Isn't this wrong?
My take: I believe the constitution empowers the President to spend without appropriation until at a later date according to Section 82 of the constitution.
However, Ngozi's letter clearly stated that 'the funds form part of the projected Federal Government independent revenue to be appropriated'. Was it appropriated at a later date since the letter was dated January 2015?
However, this is what the Nigerian constitution says on this issue and a I quote verbatim from Section 82:

82. If t "If the Appropriation Bill in respect of any financial year has not been passed into law by the beginning of the financial year, the President may authorise the withdrawal of moneys in the Consolidated Revenue Fund of the Federation for the purpose of meeting expenditure necessary to carry on the services of the Government of the Federation for a period not exceeding months or until the coming into operation of the Appropriate Act, whichever is the earlier:

Provided that the withdrawal in respect of any such period shall not exceed the amount authorised to be withdrawn from the Consolidated Revenue Fund of the Federation under the provisions of the Appropriation Act passed by the National Assembly for the corresponding period in the immediately preceding financial year, being an amount proportionate to the total amount so authorised for the immediately preceding financial year".

Q: Was it right for part of the money to go to security when it should have been used for infrastructure?
My take: Without security, all infrastructure will go to ruins. Ngozi already explained that her office was accused of not making enough funds available to fight terrorism.

Q: Don't you think Dasuki has a case to answer?
My take: I believe he does. That is why I have been saying he should have his day in court. Ngozi has provided evidence of disbursement of funds to Dasuki's office as the NSA, so the onus for accountability now rests on him.
However, I believe this is going to be a very tough case given the peculiar situation of security considerations.
For instance, there are several DSS moles who are students in the Universities in the North East. The woman who sells roasted plantain across the street can be a mole. These kind of 'payments' are not receipted.
Then, there are instances when arms are paid for in cash at the black market. What about cash paid for security information?

Q: Are you saying Dasuki may be innocent?
My take: No, that's not I'm saying. I'm saying that the prosecution will have a Herculean task proving their case and I wish them well. I also want anyone found guilty to be sentenced appropriately.
Nevertheless, a war situation is always a very fertile environment for corruption. Fraud is common when you give away billions. And one will be a fool to defend any politician on a matter of integrity.

Q: Some have been calling for the CBN Governor's head too? Don't you think he has a case to answer?
My take: Wetin concern agbero for overload? What has he done wrong? Do you think he should have refused a lawful instruction for release of funds? People should think with their heads and not any other aperture in their bodies.

Final Word: There was a committee set up on the Abacha recovered loot to determine how it should be spent. It was sequel to the decision of this committee that the NSA brought a request to NOI. It was on this basis that NOI requested for approval from the C-in-C.
I think Ngozi should be commended for leaving a paper trail and on the face of it, this is what is called transparency and accountability. In the corporate sector, you would have said she 'covered her back'. She has been able to defend her actions and I believe others should do likewise. I wish all public officers can defend their actions while in office like she has done.
And how I wish the same people shouting for Ngozi's head made a quarter of that noise during the Amaechi and Fashola saga.

My opinion. You're entitled to yours- Ibrahim,IB




Unless there's new developments, Dopkesi has no case to answer. Dopkesi is a business man, you can't persecute him if he receives money to provide services that is not in any way against Nigeria Constitution.



Stop putting up lame argument! Is publication the same as Appropriation? Why shift goal post...the Nigerian constitution allows a president to spend in certain situations without immediate appropriation otherwise how did Buhari have power to order the Bail out fund?



Presidency do have power to spend without appropriation. How was Bail out fund ordered without appropriation?

GenBuhari:
Perhaps because the bail out funds were not grants but simply lines of credit (a form of loan).
I doubt that there there is any requirement for the president seek approval for mere credit. By its nature credit may not even be utilised after it is given.

NASS needs to approve govt spending, but offering credit cannot be classified as spending.

Iroh88:
Gosh!! Dude how old are you

sonOfLucifer:
They are both lies.

tunjion:
Aboki must be using yoruba identity, becos i dont know see wen my people have become so bigoted and tribalist that they want every igbo persecuted.

Everytime they write press, if it is not Stella Oduah, IT is Alison Madueke, now Ngozi Okonjo Iweala and Emefiele. Nobody ask of Fashola or Tinubu?

HopeAtHand:
Ive never heard of a Nigerian Minister of Finance or CBN governor who resigned from office because he/she couldn't carryout the simple instructions of the President.

While im not of the opinion that the actions of NOI and Emefiele were legal, one has to consider the fact that the APC at that time were bent on frustrating GEJs war on Boko Haram.Time is critical, sending a request for such huge amount to the National Assembly was going to be met with delays from APC members who will gladly frustrate its passage, and ensure Boko Haram made gains to as to gleeefully report the news through Sahara reporters.

I think NOI and Emefiele acted in the interest of Nigeria. Whatever Dasuki did with the money cant be their blame.

centje:
What is the difference between Publication and Appropriation?
If you can differentiate them then you will understand how biased your statement is.

Federal government is not obligated to make public all its decisions or transactions. But they should follow path that is legal, that way proper documentation can be achieved. And that's exactly what NOI did. It was documented that money came in, it was documented where the money went. If it wasn't documented, Buhari's Administration wouldn't have known in the first place. If Buhari could order a Bail out fund without going through Appropriation Bill then common sense will tell you such power exists.

Does NOI work in Security department of Nigeria, does she work in EFCC? It's left for GEJ and NSA to give account of how the money was spent. People should reason with their brain please, what really wrong with Nigerians??

SexyStrawberry:


I thought as much

B69U:
Ultimately, Buhari Gov is going to run aground. The man is strictly on a witch hunt and revenge mission.

It will end with Buhari's head.

ManTiger:

God bless you beyond your understand. Amen.

See, poverty wey go kill some people dey do rehearsal for studio. I can't imagine any sane individual supporting any of these blood sucking zombies even when the evidence were clear.

They are the set of individual who will quickly blame Buhari for the continuous depreciation of naira.

I'm tired of being a Nigerian, I swear!

We have no conscience, sanity has elude us, tribalism, regionalism has captured our soul!

porka:


The federal government is a guarantor of those loans though.

Which means should they default on payment the FG is bound to repay.

It's not certain what the law says about FG guaranteeing internal loan , but NASS must definitely approve FG guarantee of states' external loan.

Normally, states' borrowings from the money and capital markets are guaranteed by ISPO issued by the DMO and the Finance Minister, but Buhari's presidency is not a normal one. Firstly, these loans were approved by Buhari himself as the de facto minister of finance for over six months, and secondly, the transactions are between the states and the CBN which makes things even more unusual.

bettercreature:
It's wrong for PMB to order GEJ arrest,Let the law enforcement do their work,soon as they have enough evidence to prosecute GEJ,they will arrest him,we are just in hurry,it will surely get to him in the next few days

EFCC MUST ASK GEJ why he ordered DASUKI to pay DOKPESI

nobeku:
WHO IS THIS BLISTERING FOOOOOL?

bettercreature:
PMB and EFCC already knows where this case is going,GEJ will surely be invited to testify in court because i dont see how its possible to jail DASUKI and DOKPESI without court asking GEJ to come and clarify why he ordered all the payments