nawtyme:
Mynd44 come and dispel the falsehood shared by Amaechi

Celcius:
Amaechi will soon come and swear in the name of God now that he can't lie. In fact, he has never told a lie.

amahthelma:
Amaechi I have always known you to be a stupid liar....how dare you lie on my sugar daddy like that you shall die in jail...stupid man that was how he almost tried having is way into me...old gay

Desyner:
And so what? Descrepancy in figure does not change the fact the Jonathan/Yar'dua were fiscally reckless. The magnitude of the offence may have been exargerated but in principle the offence stands.

Chukazu:


Let's agree that Jonathan frittered money away with fear and trembling but Buhari's regime is stealing with "confidence and composure "

Chukazu:


Let's agree that Jonathan frittered money away with fear and trembling but Buhari's regime is stealing with "confidence and composure "

Desyner:
And so what? Descrepancy in figure does not change the fact the Jonathan/Yar'dua were fiscally reckless. The magnitude of the offence may have been exargerated but in principle the offence stands.

elhafeez:
where is the document. Show us the document that proves ameachi is lying. How did this story make FP. Nairaland has turn something else.

Hedonistically:


Look at this mentally deceased animal.

Newbiee:
Is the news from CBN or from premium times.
When has premium times becomes CBN's spokesman?

Desyner:
And so what? Descrepancy in figure does not change the fact the Jonathan/Yar'dua were fiscally reckless. The magnitude of the offence may have been exargerated but in principle the offence stands.

he trends in macroeconomic management
during 2011-2012 have been quite positive. The
Government has reined in the excessive fiscal
expansion of 2010. The general government deficit
(including budgets, extrabudgetary funds, the
fuel subsidy, and net accumulation in the Excess
Crude Account) was reduced from an estimated
5.7% of GDP in 2010 to 2.2% in 2011 and a projected
1.9% in 2012. In this context, the Excess
Crude Account balance increased from negligible
levels at the end of 2010 to an estimated US$
8.6 billion in 2012. This is still far less than the
US$ 22 billion that the country had accumulated
on the eve of the world financial turmoil in 2008.
Two primary factors prevented a more rapid increase
in the ECA balance during the time of
generally strong oil prices in 2011-2012. In 2011,
a major increase in fuel subsidy payments (4.6%
of GDP) limited the accumulation of the ECA.
In 2012, the Government succeeded in reducing
fuel subsidy obligations significantly, but a
decline in oil output and revenues tightened the
budgetary position of the country

Newbiee:
Is the news from CBN or from premium times.
When has premium times becomes CBN's spokesman?

Desyner:
And so what? Descrepancy in figure does not change the fact the Jonathan/Yar'dua were fiscally reckless. The magnitude of the offence may have been exargerated but in principle the offence stands.

Dannyset:
It's a big rubbish for someone to come out from nowhere and want to tell us that GEJ isn't corrupt. It's insane. God will judge whoever want to paint that irredeemable corrupt being as saint to us.

nawtyme:

https://www.premiumtimesng.com/news/top-news/252663-fact-check-cbn-data-proves-amaechi-wrong-jonathans-eca-claim.html

Stalwert:
Liars are pained Amechi's words really pained them deeply. Amechi's was talking of the Foreign Reserves that Jonathan and his band of robbers pilfered. Amechi's words really pepper these thieves.

IamEmem:


Agreed that GEJ is corrupt, but one question for u: IS BUHARI A SAINT?
Answer with ur conscience turned on.

INTEGRITYA1:
@Op, I'm not in support of either Jonathan or Amechi, but we need more clarification regards your post and Amachi claim, there is different between "Excess Crude Account" and "Foreign Reserve"
But what I'm sure of was both were depleted during Jonathan regime, according to CBN data and information.

deji68:
Foreign reserve, is not liquid cash u can steal or spend ....Foreign reserve of all countries in the world fluctuate,they used to back up the local currency

INTEGRITYA1:


I agreed that foreign reserves serve as back up to local currency as you said.

But can still be mismanaged, have you take time to study the trend of Nigeria foreign Reserve from Obasanjo regime till date, when Obasanjo took over our foreign Reserve was around $3b and rose to about $34b when he left and Yar Adua pick it from there to about $64b, so when Jonathan came on board, our foreign reserve fall below $25b as at when he left, so what happened to our common wealth during Jonathan regime?

INTEGRITYA1:


I agreed that foreign reserves serve as back up to local currency as you said.

But can still be mismanaged, have you take time to study the trend of Nigeria foreign Reserve from Obasanjo regime till date, when Obasanjo took over our foreign Reserve was around $3b and rose to about $34b when he left and Yar Adua pick it from there to about $64b, so when Jonathan came on board, our foreign reserve fall below $25b as at when he left, so what happened to our common wealth during Jonathan regime?

tayejay:
[color=#990000][/color]

More like what really happened. Ameachi only made mistake in referring to the foreign reserve as excess crude account and it was inherited from Yadua. The excess crude inherited from yaradua should be above 20 billion dollars, making a total of over 85billion dollars Jonathan inherited.

Newbiee:
Is the news from CBN or from premium times. When has premium times becomes CBN's spokesman?