To my dismay, I woke up on Friday the 1st of June 2018 to find out that President Buhari, who is meant to be on a Ramadan fast, had released a statement, through the Presidency’s Twitter handle, alleging that the Jonathan government, which created the Sovereign Wealth Fund in 2012, had failed to save money in the fund after the initial $1 billion deposit it made into it.

Such a lie, coming at a time when the President is meant to be fasting is shocking!



The truth is that after starting up the Sovereign Wealth Fund with an initial deposit of $1 billion in 2011, the Nigerian Governors Forum, led by Rotimi Amaechi and supported by other Governors who later joined the APC, took the Jonathan administration to court to declare the Sovereign Wealth Fund illegal and assert their claim that the Jonathan led Federal Government could not force them to save.

In fact, Mr, Rotimi Amaechi released a statement justifying his opposition to the Sovereign Wealth Fund on August 31, 2011 and said:

“The SWF is an attempt to desecrate section 162 of Nigeria’s Constitution.

Section 162(1), (2) and (10) of the 1999 Constitution prescribed the mode of sharing the revenue of the Federation.

It states that “the Federation shall maintain a special account to be called the Federation Account into which shall be paid all revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the Armed Forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja. The law says that anything that is outside the constitution is wrong and section 162 of the constitution also says so.”

Many attempts by the Jonathan administration to settle the matter out of court were rebuffed by Mr. Amaechi and his colleagues who had a hidden agenda to frustrate the plans by the Jonathan administration to save for a rainy day.

Working in tandem with Mr. Amaechi and his supporters in the Nigerian Governors Forum, the then minority APC members of the House of Representatives also filed another suit at a Federal High Court on the 7th of February, 2014, seeking a perpetual injunction restraining the Jonathan administration from operating the Excess Crude Account, from which they intended to source for money to fund the Sovereign Wealth Fund, and to pay all the proceeds of that account into the Federation Account for sharing amongst the three tiers of government.

As a result of these actions, the Jonathan administration paid the 36 states of the federation a total of N2.92 trillion from the Excess Crude Account between 2011 and 2014. Using the value of the Naira at that time that amount was just above $20 billion dollars.

It therefore amounts to historical revision for the Presidency to make these spurious allegations against the Jonathan administration,

President Muhammadu Buhari should be aware that just like I told him, after the many lies from his Democracy Day Speech, Ramadan fast does not just mean abstaining from food, it also means abstaining from lies.

Reno Omokri

Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years: Chibok, 2015 and Other Conspiracies.

Source:


https://www.vanguardngr.com/2018/06/sovereign-wealth-fund-more-lies-from-presidency-at-ramadan-reno/

The internet never forgets .

Reno is a good record keeper..

One man opposition..

Apc and buhari are in deep trouble

Sending Buhari and his lackeys back to daura village is a special assignment every sincere and patriotic Nigerian must embrace.

A mistake has been done by electing a man does not know his left from his right .

This mistake must never be repeated.

Insha Allahu victory is Sure

Allah ya bamu sa'a mu kauda wannan gwamnatin rashin imani

Who do not remember this
I do

The truth is that our Leaders have all failed us ( OBJ, GEJ , PMB), the Ghana president has said it all, in the mid 70s-80s Nigerians are the envy of other African citizen they are treated like queens and kings within Africa and beyond but now reverse is the game. so these people should stop their blame game and let new people take the center stage. Talking about new people I don't mean all these present day Slay Mamas and young people flaunting wealth up and down without a legal verifiable source of income.

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excellent usage on swampy environment.
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Scanning..
Done!

Reno should already know that #BuhariUnscripted is an intergalactic blunder. But wait, even the scripted chief of police gaan was...

It was no news that GEJ took over without much plans, but this Buhari guy ...I don't know. An illiterate is a president. His vice is a professor of law. Some things do not just add up. I don't hate Buhari but he should gaan rest really.

For the excess crude account, na fashola and oshiomole carry am for head pass, calling Okonjo-Iweala names.

Hehe

Even if rain fall Buhari go still blame Jonathan.

Buhari is fasting but those telling the lies in the Presidency aren't fasting.

Ma nigger!!!...keep on slaying dis lying government and also the BMCs and zombies

https://www.youtube.com/watch?v=buGHOLuIzM8
Interesting video...I bet u won't get bored

Lying is their trade in stock...bunch of power hungry demonic people.

Let the senile old man return to his unproductive gay cattle in 2019!

BMC! where art thou

limeta:
Who do not remember this
I do

It was a well debated case at that time. Anyone who pretends to forget either is biased or just pretentious.

Reno my man

Mind what you do today, it might be used against you tomorrow.. I remember this scenario very well...


Well, it'd be swept away just like Transmission!

Reno you suppose work for exams and records

Is either Reno doesn't understand English or he's just being mischievous.
The question is after the initial $1 billion did GEJ save more money in the SWF or not?

This unnecessary essay didn't answer the question.

KikBuhari2Daura:
To my dismay, I woke up on Friday the 1st of June 2018 to find out that President Buhari, who is meant to be on a Ramadan fast, had released a statement, through the Presidency’s Twitter handle, alleging that the Jonathan government, which created the Sovereign Wealth Fund in 2012, had failed to save money in the fund after the initial $1 billion deposit it made into it.

Such a lie, coming at a time when the President is meant to be fasting is shocking!



The truth is that after starting up the Sovereign Wealth Fund with an initial deposit of $1 billion in 2011, the Nigerian Governors Forum, led by Rotimi Amaechi and supported by other Governors who later joined the APC, took the Jonathan administration to court to declare the Sovereign Wealth Fund illegal and assert their claim that the Jonathan led Federal Government could not force them to save.

In fact, Mr, Rotimi Amaechi released a statement justifying his opposition to the Sovereign Wealth Fund on August 31, 2011 and said:

“The SWF is an attempt to desecrate section 162 of Nigeria’s Constitution.

Section 162(1), (2) and (10) of the 1999 Constitution prescribed the mode of sharing the revenue of the Federation.

It states that “the Federation shall maintain a special account to be called the Federation Account into which shall be paid all revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the Armed Forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja. The law says that anything that is outside the constitution is wrong and section 162 of the constitution also says so.”

Many attempts by the Jonathan administration to settle the matter out of court were rebuffed by Mr. Amaechi and his colleagues who had a hidden agenda to frustrate the plans by the Jonathan administration to save for a rainy day.

Working in tandem with Mr. Amaechi and his supporters in the Nigerian Governors Forum, the then minority APC members of the House of Representatives also filed another suit at a Federal High Court on the 7th of February, 2014, seeking a perpetual injunction restraining the Jonathan administration from operating the Excess Crude Account, from which they intended to source for money to fund the Sovereign Wealth Fund, and to pay all the proceeds of that account into the Federation Account for sharing amongst the three tiers of government.

As a result of these actions, the Jonathan administration paid the 36 states of the federation a total of N2.92 trillion from the Excess Crude Account between 2011 and 2014. Using the value of the Naira at that time that amount was just above $20 billion dollars.

It therefore amounts to historical revision for the Presidency to make these spurious allegations against the Jonathan administration,

President Muhammadu Buhari should be aware that just like I told him, after the many lies from his Democracy Day Speech, Ramadan fast does not just mean abstaining from food, it also means abstaining from lies.

Reno Omokri

Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years: Chibok, 2015 and Other Conspiracies.

Source:


https://www.vanguardngr.com/2018/06/sovereign-wealth-fund-more-lies-from-presidency-at-ramadan-reno/

Such a lie, coming at the time when you should be doing something reasonable with your life.

I ll correct my mistake insha Allah

Reno and facts... I just love this man.
#backtodaura2019

Foolish Reno , U shld be preparing for tomorrow’s sermon not politicking all ur life....

Good one Reno , this government will wish they assasinant you ... But God has protected you ... ,

This man is just an anti govt, i wonder who he s fighting for, definitely not the masses. i only see loyalty at its peak to his formal principal.

Ramadan faster wey Dey lie

Who is this Reno Omokri and what is his mission?

It’s so sad and shameful

I have always known that GEJ and his team meant well for this country.

APC and their allies came together to weave tales of woe and all to get power and now they can’t keep it together anymore.

Terrible lies and power drunk people

Very factual evidence. Reno keeps giving this useless government sleepless nights. Johnathan might have been a clueless buffoon but behind the scenes he did a lot of things.

AZeD1:
Is either Reno doesn't understand English or he's just being mischievous.
The question is after the initial $1 billion did GEJ save more money in the SWF or not?

This unnecessary essay didn't answer the question.

And if you could take time to read the essay you'll realise the reason why there was no more money saved after the initial 1 billion. I'm sure you just want a yes or no. The next logical question is why.... and this essay tells you why. Be smart