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Nairaland Forum / Nairaland / General / Politics / Senate Approves Over N214bn For Buhari Over N180bn Virement Funds (14908 Views)
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Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by DONSMITH123(m): 1:19pm On Nov 29, 2016 |
Contrary to opinions in some quarters that the Senate would not approve the N180bn request by President Muhammadu Buhari for the virement of funds appropriated in the 2016 Appropriation Act; the upper legislative chamber on Tuesday dazzled Nigerians by not only approving the said amount; but also increased the virement to the tune of N213,821,671,494. The Senate also approved additional request of N300m appropriated in the 2016 Budget under the Transmission Company of Nigeria (TCN) for the construction of 132 KVA substation at Gwaram, Jigawa state. President Muhammadu Buhari had about a month ago written to the National Assembly, requesting that a total of N180bn be approved as virement of funds appropriated in the 2016 Appropriation Act; to attend to some critical capital and recurrent expenditures. The Senate considered the request and referred it to its committee on Appropriations for further legislative action on Wednesday 16th November 2016. Presenting the report on Tuesday, the Chairman, Committee on Appropriations, Senator Danjuma Goje (Gombe Central) said, “the committee met with its House counterpart and deliberated on the course of action in order to abridge time. And also jointly had an interactive meeting with the affected MDAs on the virement, that is, the source of the funds and the expenditure MDAs in the Budget to clarify the need for the virement.” To justify the rationale behind approving far above the requested sum, Senator Goje said, “the affected MDAs justified the need for intervention in their respective Agencies and some also made the point that the amount proposed in the request was inadequate to meet the observed shortfall required to carry out their mandate and financial obligations”. “In the course of the interaction with the MDAs, the committee observed that there are other areas of critical need that are capable of stimulating the economy which additional funds can still be provided with monies vired from the Special Intervention Programme,” he added. A critical analysis of the report of the Committee shows that the Senate approved the sum of N167,113,304,018 for recurrent expenditures as against the N165,430,886,954 requested for in Buhari’s letter. The committee also approved the sum of N2,500,000,000 as Statutory Transfer in the Public Complaints Commission (PCC) salary shortfall, instead of N1,200,000,000 requested by the President. Another look at the report shows that President Buhari requested for the sum of N14,208,367,476 as capital expenditure for Nigerian Air Force (NAF) and Presidential Initiative for the North East (PINE); whereas, the Senate approved the sum of N39,208,367,476. Though there were divergent of opinions, especially from the opposition members of the Senate on the propriety or otherwise of the recommendations of the committee, majority of the Senators present gave a voice votes in support, thereby adopting the report of the Committee and approved a total sum of N213,821,671,494, in addition to N300m as virement of funds for President Buhari. http://dailypost.ng/2016/11/29/breaking-news-n180bn-virement-funds-senate-approves-n214bn-buhari/ 5 Likes 2 Shares
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Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by stephnie1(f): 1:21pm On Nov 29, 2016 |
House of lawbreakers. mtchew 1 Like 1 Share |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by SweetLove0(f): 1:23pm On Nov 29, 2016 |
214BN against 180BN? why? Are they mad? 15 Likes |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by DONSMITH123(m): 1:24pm On Nov 29, 2016 |
SweetLove0: If you ask me, na who i go ask? 21 Likes 1 Share |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by OsusuMustFlow(f): 1:26pm On Nov 29, 2016 |
which way naija 1 Like |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by galeiiTNA: 1:26pm On Nov 29, 2016 |
SweetLove0: It has been padded 25 Likes 1 Share |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by OsusuMustFlow(f): 1:26pm On Nov 29, 2016 |
lalasticlala, e don happened. where IYAGBANLI SEF |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by Atiku2019: 1:27pm On Nov 29, 2016 |
Ayam Tired 4 Likes |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by Mynd44: 1:27pm On Nov 29, 2016 |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by SillyMods: 1:27pm On Nov 29, 2016 |
Dem get choice? No be all of us for suffer am? By the way, why was the amount jacked up from N180bn to N212bn? Oh, I found the reason - To justify the rationale behind approving far above the requested sum, Senator Goje said, “the affected MDAs justified the need for intervention in their respective Agencies and some also made the point that the amount proposed in the request was inadequate to meet the observed shortfall required to carry out their mandate and financial obligations”. Anyway, let's hope they will use the money for the intended purpose. 3 Likes |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by SweetLove0(f): 1:27pm On Nov 29, 2016 |
DONSMITH123: This is bad |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by SweetLove0(f): 1:28pm On Nov 29, 2016 |
galeiiTNA: walahi, they need scrap Senate 3 Likes |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by ZKOSOSO(m): 1:30pm On Nov 29, 2016 |
See our Real Businessmen we call Legislators o...! Chai!!! When tax, exchange rate, recession, inflation and all bad market and economic indices are forcing we genuine businessmen out of operations....then u have the Real Polithiefcians doing real Business with our Money..... Ordinary virement na him senate quickly add dia own join....chai!!!! 9 Likes 2 Shares |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by Nobody: 1:34pm On Nov 29, 2016 |
So what is next? So in short, they have padded the budget after meeting the MDAs & House 4 Likes |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by DONSMITH123(m): 1:34pm On Nov 29, 2016 |
ZKOSOSO: those guys are only there for their own pocket 2 Likes |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by DONSMITH123(m): 1:35pm On Nov 29, 2016 |
1 Like |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by OnankpaBa(m): 1:37pm On Nov 29, 2016 |
good |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by OnankpaBa(m): 1:37pm On Nov 29, 2016 |
lalasticlala, this is good news |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by OsusuMustFlow(f): 1:38pm On Nov 29, 2016 |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by Nobody: 1:40pm On Nov 29, 2016 |
[size=20pt]Why is the Senate approving more than required Same way they will make a U-turn on the proposed loan.[/size] 7 Likes |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by ORACLE1975(m): 1:41pm On Nov 29, 2016 |
What next now? |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by doctokwus: 1:43pm On Nov 29, 2016 |
Most likely jerked it up so that they can av more money to embezzle when they award the contracts involved to themselves. Note that its in the airforce and NE that the highest padding took place,not in recurrent.Why?Because those two areas av contracts involved.These senators are thieves with corrupt practices embedded in their DNAs. 5 Likes 1 Share |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by stephnie1(f): 1:44pm On Nov 29, 2016 |
Bolustic: coz of their personal interest |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by DONSMITH123(m): 1:47pm On Nov 29, 2016 |
doctokwus: Still wondering if anything good can come out of this 8th Assembly. 1 Like |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by DONSMITH123(m): 1:48pm On Nov 29, 2016 |
SillyMods: for choice, they have choice. Just that they decide to dance to the music of the executive. |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by OsusuMustFlow(f): 1:51pm On Nov 29, 2016 |
doctokwus: |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by GMBuhari: 1:55pm On Nov 29, 2016 |
Looks like this December go sweet Amen somebody? 3 Likes 1 Share |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by DONSMITH123(m): 1:56pm On Nov 29, 2016 |
GMBuhari: how sir? |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by doctokwus: 1:57pm On Nov 29, 2016 |
DONSMITH123:Nothing and most probably nothing from the 9th,10th etc. The place stinks and Obj who knows has told PMB to thoroughly cleanse it,but the president,despite all his bravado,does not av the balls,guts or knowhow to cleanse both houses.So expect same rubbish or worse with each assembly. 1 Like |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by stephnie1(f): 1:58pm On Nov 29, 2016 |
GMBuhari: naija sha! by jerking it up? |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by DONSMITH123(m): 1:59pm On Nov 29, 2016 |
doctokwus: hmm Only God can rescue this nation. I don't blame that guy that called for the scarp of National Assembly. |
Re: Senate Approves Over N214bn For Buhari Over N180bn Virement Funds by psucc(m): 2:00pm On Nov 29, 2016 |
N180 and they approve N214 yet it is not padding. |
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