In view of the obvious persecution of the CJN..obvious persecution because the petition against him was received just this 8th January and in just 3 days, investigation has been concluded and everything ready to put him on trial on Monday, 14th January. This seems a wicked plot, carefully hatched to embarrass and remove the CJN...

As a world-class accountant, I can tell you for free that mere ownership of a bank account is not an asset. It is pertinent to clarify that mere ownership of a bank account is not an asset worthy of declaration:

1. There is nothing to declare if the account has a zero balance
2. it is actually a liability and not an asset if the account has a debit balance (i.e. an overdrawn balance)
3. it is also not asset if whatever balance is held in the account belongs to another party other than the account holder

Interpretations must be in context. The name of the form is ASSET Declaration Form. If an account is not an asset, it follows that it doesn't fall within the purview of accounts that should be declared

Thieves every corner for this country... Even CJN of the federal Republic..

guy just wait till tomorrow, we go table the matter

troubleboi:
Thieves every corner for this country... Even CJN of the federal Republic..

what did he steal? prove it or forever remain shut.

troubleboi:
Thieves every corner for this country... Even CJN of the federal Republic..

The CJN is not being accusing of stealing, they only say he did not declare all accounts. In their ignorance however, they do not know that mere ownership of a bank account is not necessarily an asset

megacity:
In view of the obvious persecution of the CJN..obvious persecution because the petition against him was received just this 8th January and in just 3 days, investigation has been concluded and everything ready to put him on trial on Monday, 14th January. This seems a wicked plot, carefully hatched to embarrass and remove the CJN...

As a world-class accountant, I can tell you for free that mere ownership of a bank account is not an asset. It is pertinent to clarify that mere ownership of a bank account is not an asset worthy of declaration:

1. There is nothing declare if the account has a zero balance
2. it is actually a liability and not an asset if the account has a debit balance (i.e. an overdrawn balance)
3. it is also not asset if whatever balance is held in the account belongs to another party other than the account holder

Why did he declear the other two account if an account is not an asset?
Please, don't teach this to your children.

megacity:


The CJN is not being accusing of stealing, they only say he did not declare all accounts. In their ignorance however, they do not know that mere ownership of a bank account is not necessarily an asset

Why did he declare two accounts in his asset declaration form.

megacity:


The CJN is not being accusing of stealing, they only say he did not declare all accounts. In their ignorance however, they do not know that mere ownership of a bank account is not necessarily an asset

Why did he declare two accounts in his asset declaration form. But did you actually type this?

amaechi1:

Why did he declear the other two account if an account is not an asset?
Please, don't teach this to your children.

two factors determine whether an account is asset or not:
- whether the account has a credit or debit balance
- ownership of the account balance
E.g. Money in my account is not an asset to me if it is only in my account but is actually owned by my friend

And Yes, public officers are only required to declare assets not bank accounts

megacity:


two factors determine whether an account is asset or not:
- whether the account has a credit or debit balance
- ownership of the account balance
E.g. Money in my account is not an asset to me if it is only in my account but is actually owned by my friend

Of course, if my account balance is not an asset, I dont have declare it

You guys are so blind with nonsense politics. The man involved admit that it was an error and you are still saying all these. We should commend the whistle blower and forgive CJN if it finds to be honest error.

muykem:
You guys are so blind with nonsense politics. The man involved admit that it was an error and you are still saying all these. We should commend the whistle blower and forgive CJN if it finds to be honest error.

The CJN may have responded in a haste. Every reasonable defense is welcome cause the petition is in bad faith

megacity:
In view of the obvious persecution of the CJN..obvious persecution because the petition against him was received just this 8th January and in just 3 days, investigation has been concluded and everything ready to put him on trial on Monday, 14th January. This seems a wicked plot, carefully hatched to embarrass and remove the CJN...

As a world-class accountant, I can tell you for free that mere ownership of a bank account is not an asset. It is pertinent to clarify that mere ownership of a bank account is not an asset worthy of declaration:

1. There is nothing to declare if the account has a zero balance
2. it is actually a liability and not an asset if the account has a debit balance (i.e. an overdrawn balance)
3. it is also not asset if whatever balance is held in the account belongs to another party other than the account holder

Have you ever filled an asset declaration form before? If you have not, kindly stop posting ignorantly. When I declared my assets to CCB last year, I filled a form provided by the bureau. In the form, there was a column where I was asked to list all my bank accounts with their balances as at the time of declaration. Even if the account was overdrawn as at the time of making the declaration, the declarant is under legal obligation to declare it.

Funny enough, Onnoghe is not even arguing ignorantly like the op. He admitted on record that he forgot to declare his domiciliary account with standard Chartered bank. Some of you really need to stop defending nonsense.

But it is required to be listed under Assets Declaration Form

megacity:


The CJN may have responded in a haste. Every reasonable defense is welcome cause the petition is in bad faith

U make the CJN look like a secondary school dropout.

The CJN is the most senior judicial officer in the land and has the legal requirements at the back of his palms.

I know most of u haven't seen a CCB form in ur live so I will excuse ur ignorance when u say bank account is not an asset.

You can go to the 5th schedule of the Constitution of the Federal Republic as amended to get clarifications

seunmsg:


Have you ever filled an asset declaration form before? If you have not, kindly stop posting ignorantly. When I declared my assets to CCB last year, I filled a form provided by the bureau. In the form, there was a column where I was asked to list all my bank accounts with their balances as at the time of declaration. Even if the account was overdrawn as at the time of making the declaration, the declarant is under legal obligation to declare it.

Funny enough, Onnoghe is not even arguing ignorantly like the op. He admitted on record that he forgot to declare his domiciliary account with standard Chartered bank. Some of you really need to stop defending nonsense.

Yes I have filled asset declaration before. I know there is an account I opened during NYSC, I also know there is no money there, so I didnt bother to declare it. Did I commit a crime?

Whether he forgot or not, that he did not declare the account is not necessarily a crime! Things must be interpreted in context, the name of the form is ASSET Declaration Form, so if an account is not an asset, it doesnt fall within the purview of accounts to be declared

[quote author=troubleboi post=74726659]Thieves every corner for this country... Even CJN of the federal Republic.. [/quote your money de miss

seunmsg:


Have you ever filled an asset declaration form before? If you have not, kindly stop posting ignorantly. When I declared my assets to CCB last year, I filled a form provided by the bureau. In the form, there was a column where I was asked to list all my bank accounts with their balances as at the time of declaration. Even if the account was overdrawn as at the time of making the declaration, the declarant is under legal obligation to declare it.

Funny enough, Onnoghe is not even arguing ignorantly like the op. He admitted on record that he forgot to declare his domiciliary account with standard Chartered bank. Some of you really need to stop defending nonsense.

Have you filled one yourself, have you even seen one

megacity:
In view of the obvious persecution of the CJN..obvious persecution because the petition against him was received just this 8th January and in just 3 days, investigation has been concluded and everything ready to put him on trial on Monday, 14th January. This seems a wicked plot, carefully hatched to embarrass and remove the CJN...

As a world-class accountant, I can tell you for free that mere ownership of a bank account is not an asset. It is pertinent to clarify that mere ownership of a bank account is not an asset worthy of declaration:

1. There is nothing to declare if the account has a zero balance
2. it is actually a liability and not an asset if the account has a debit balance (i.e. an overdrawn balance)
3. it is also not asset if whatever balance is held in the account belongs to another party other than the account holder

What is it if you own the account and the credit balance in it? Say, a few million dollars?

Guestlander:


What is it if you own the account and the credit balance in it? Say, a few million dollars?

It would be an asset that should be declared.

But there is no mention of the account balance and the ownership.

megacity:


It would be an asset that should be declared

Thank you very much. And what happens if you deliberately omit, withhold or " forget" to include this information?
Please pardon my ignorance, I just like to learn.

Guestlander:


Thank you very much. And what happens if you deliberately omit, withhold or " forget" to include this information?
Please pardon my ignorance, I just like to learn.

It is quite possible for a human being to forget something.

In this case, the right thing to do would be to take time to investigate the source of the funds into the accounts that were not declared. It must be established that the funds in the account are proceeds of crime before the CJN is charged. Merely forgetting to declare an account is not necessarily a crime

If the money in those accounts are not proceeds of crime, it doesnt make any reasonable sense to charge the CJN. In no case should the CJN be charged in a haste because doing that will ridicule the office of the CJN and the entire Judiciary.

megacity:


It is quite possible for a human being to forget something.

In this case, the right thing to do would be to take time to investigate the source of the funds into the accounts that were not declared. It must be established that the funds in the account are proceeds of crime before the CJN is charged

If the money in those accounts are not proceeds of crime, it doesnt make any reasonable sense to charge the CJN. In no case should the CJN be charged in a haste because doing that will ridicule the office of the CJN and the entire Judiciary.

You are absolutely right, I will never support a situation in which a citizen is being hounded for no reason. But on the hand also, I won't also support a situation where individuals are protected from the law because of their position.

megacity:


Yes I have filled asset declaration before. I know there is an account I opened during NYSC, I also know there is no money there, so I didnt bother to declare it. Did I commit a crime?

Whether he forgot or not, that he did not declare the account is not necessarily a crime!

Hiding one of your account from the law is a crime.

Hope you know that when you complete an asset declaration form, you still need to take it before a commissioner for oaths where you will swear that all the information provided (including all your bank accounts) are accurate? When you fail to declare an account, you have simply lied to the government. It becomes bad when years later, that same account was discovered with huge foreign currencies. We now know why he failed to declare the account in the first instance.

seunmsg:


Hiding one of your account from the law is a crime.

Hope you know that when you complete an asset declaration form, you still need to take it before a commissioner for oaths where you will swear that all the information provided (including all your bank accounts) are accurate? When you fail to declare an account, you have simply lied to the government. It becomes bad when years later, that same account was discovered with huge foreign currencies. We now know why he failed to declare the account in the first instance.

what is the balance in those accounts?

megacity:


what is the balance in those accounts?

Actually my brother, the balances in these accounts are irrelevant. If the form asks you to list your accounts and the balances therein, that is what you should do even if you have zero dollars in it.

megacity:


what is the balance in those accounts?

Even if it is overdrawn, declare it.

seunmsg:


Even if it is overdrawn, declare it.

Interpretations must be in context. The name of the form is ASSET Declaration Form. If an account is not an asset, it follows that it doesnt fall within the purview of accounts that should be declared

It must be established if an account is an asset or not to determine if it should have been included in the ASSET Declaration Form.

seunmsg:


Hiding one of your account from the law is a crime.

Hope you know that when you complete an asset declaration form, you still need to take it before a commissioner for oaths where you will swear that all the information provided (including all your bank accounts) are accurate? When you fail to declare an account, you have simply lied to the government. It becomes bad when years later, that same account was discovered with huge foreign currencies. We now know why he failed to declare the account in the first instance.

It is not a crime if he later writes to the CCB to update his accounts

megacity:


Interpretations must be in context. The name of the form is ASSET Declaration Form. If an account is not an asset, it follows that it doesnt fall within the purview of accounts that should be declared

My friend, nobody opens an account with the intention of keeping it as a liability. You open an account with the intention to store financial assets in it. That an account has a nil balance or overdrawn temporarily at a point in time doesn’t make it irrelevant when you are required to legally list your bank accounts. The fact that money was later later discovered in the account says it all. Even Onnoghe’s legal counsel won’t argue the point you are trying to argue.