Wonders shall never cease to end

Hey wait did u just said my government
Something is happening [s]Hey wait did u just said my government

Debt debt debt anyway Sha
I go like make USA or Russia
By this country just in case

Billion- billion scandal everywhere in a nature where poverty full everywhere.

There was a nation.

watch as these cursed buhari supporters will try to exonerate buhari from this as if the title commander in chief has been excluded from his job

cured people

MsAllison:
watch as these cursed buhari supporters will try to exonerate buhari from this as if the title commander in chief has been excluded from his job

cured people

As usual Buhari was not aware and is shocked.

Sometimes when I read all this stuff I de get splitting headache. and you cum say this country go fit better again

This country is beyond repair as long as we are only fighting for our pockets. the 'Me First' Syndrome has eaten deep.

But later dumb Buhari would come on national Tv to say he is fighting kwaraption.

Corruption kee you dia !

ExBanker:
Billions disappearing with integrity. Bubu is a man of integrity

You should be pleased at this development that corruption is being exposed. Bubu the man of integrity is working or did you see where he was partaking in the looting?

What is left is for the other organs of government to follow up the case to a logical conclusion. Abi you expect Bubu to go sit as the judge in a law court?

stonemind:
Jeeeeeeeeez I can't believe it I'm actually first to comment... Lol

2nd to comment lol


Dm me let's be friends

I remember when GMB won 2015 election and was sworn in he was warned about all this

Naija

FineDesignn:
Things are really happening o

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nairavsdollars:
Buhari's government has taken corruption to the Next Level

You should be pleased at this development that corruption is being exposed. Buhari's government is exposing corruption in the next level. Or you have something against them being exposed?

What is left is for the other arms of government to follow up the case to a logical conclusion. Abi you expect Bubu to go sit as the judge in a law court as well?

Will these news ever end like this.

Ijaya123:


You should be pleased at this development that corruption is being exposed. Buhari's government is exposing corruption in the next level. Or you have something against them being exposed?

What is left is for the other arms of government to follow up the case to a logical conclusion. Abi you expect Bubu to go sit as the judge in a law court as well?

Buhari is fighting corruption indeed!

We are to quick to react to reports/stories on this platform without verifying the source. In the instant case, the source of this report is not stated and yet we have taken the content hook line and sinker. Anyone can sit down and write rubbish and dump it on us knowing full well that some Nigerians are so gullible and believe anything. No doubt corruption is rife in Nigeria and all hands must be on deck to kill this monster before it kills us as a nation.

LOLZ, Mr Journalist is good at fake grammar. He seems to do better financial detective work than the official efcc.

I checked but couldn't find the mandate or the responsibility of the DMO to disburse such funds. And these guys have to name their sources for such stories. Or the sources should uncloak.


https://www.dmo.gov.ng/about-dmo


The DMO was established on 4th October, 2000 to centrally coordinate the management of Nigeria’s debt, which was hitherto being done by a myriad of establishments in an uncoordinated fashion. This diffused debt management strategy led to inefficiencies. For instance, in the FMF alone, four different departments have functions for the management of external debt in the following format:

External Finance Department: responsible for all Paris Club debts and for the management of public debt statistics;
Multilateral Institutions Department: responsible for relationships with all multilateral institutions (excluding the African Development Bank and its subsidiaries such as ADF and the NTF, which is handled by the ABER Department). It is also responsible for managing and servicing multilateral debt;
Africa and Bilateral Economic Relations (ABER) Department: responsible for liaising with the ADB and its subsidiaries, ECOWAS, and all non-Paris Club bilateral creditors;
Treasury Department (OAGF): responsible for issuing mandate to the CBN for payment of all external debts;
Foreign Exchange and Trade Relations Department: responsible for issuing reconfirmation for payment externalization to the CBN and for documenting repayment and servicing of external debts;
In the CBN, the following departments had some involvement with external debt
management:

Debt Management Department: responsible for the London Club debts consisting of trade debts, par bonds, and promissory notes;
Debt Conversion Committee: responsible for managing various debt conversion options such as debt-for-debt, debt-for-equity, debt-for-export, debt-fornature, and debt-for-development; and
Various departments: responsible for processing and effecting loan repayments on behalf of all the other agencies or departments of government listed above.
This diffusion in the management of public debt created fundamental problems, including the following:

Operational inefficiency and poor coordination;

Inadequate debt data recording system and poor information flow across agencies with consequent inaccurate and incomplete debt records;
Extreme difficulty in the verification of creditors’ claims due to conflicting figures from the various bodies handling the debt management function;
Complicated and inefficient debt service arrangements, which created protracted payment procedure and often led to penalties that added to the nation’s debt stock;
Inadequate manpower and poor incentive systems for the affected personnel, which affected outputs and performance;
Lack of consistent well-defined borrowing policies and debt management strategies;
The consideration of these myriad problems led government to support the establishment of a relatively autonomous debt management office, which resulted in the formation of the DMO in October 2000. The need for the creation of a separate public debt management office was therefore aimed at achieving the following advantages:

Good debt management practices that make positive impact on economic growth and national development, particularly in reducing debt stock and cost of public debt servicing in a manner that saves resources for investment in poverty reduction programs;
Prudently raising financing to fund government deficits at affordable costs and manageable risks in the medium- and long-term;
Achieving positive impact on overall macroeconomic management, including monetary and fiscal policies;
Consciously avoiding debt crisis and achieving an orderly growth and development of the national economy;
Improving the nation’s borrowing capacity and its ability to manage debt efficiently in promoting economic growth and national development;
Projecting and promoting a good image of Nigeria as a disciplined and organized nation, capable of managing its assets and liabilities;
Providing opportunity for professionalism and good practice in nation building;

RuudVanNisteroy:

Buhari is fighting corruption indeed!

What exactly was he supposed to do to Ganduje? I will like to know.

Ijaya123:


What exactly was he supposed to do to Ganduje? I will like to know.

Raise his hand in a rally and convince Kano state residents to vote for a man watched by millions around the world, who was shown on video collecting a total of $5 million dollars in bribes. You BMC crew are shameless!

Ijaya123:


You should be pleased at this development that corruption is being exposed. Buhari's government is exposing corruption in the next level. Or you have something against them being exposed?

What is left is for the other arms of government to follow up the case to a logical conclusion. Abi you expect Bubu to go sit as the judge in a law court as well?

You are speaking from both sides of your mouth.

Of the over hundreds they have uncovered how many has been prosecuted ?

Psalter:
We are to quick to react to reports/stories on this platform without verifying the source. In the instant case, the source of this report is not stated and yet we have taken the content hook line and sinker. Anyone can sit down and write rubbish and dump it on us knowing full well that some Nigerians are so gullible and believe anything. No doubt corruption is rife in Nigeria and all hands must be on deck to kill this monster before it kills us as a nation.

Who is deceiving you you are the gullible fellow here because you see facts and still refuse un believe until Jesus comes down un tell you buhari is corrupt himself abi

I beg my ear dey pain me,all these noise dey disturb... which Kain noise be these

Corruption everywhere you go

Nyanabo:


You are speaking from both sides of your mouth.

Of the over hundreds they have uncovered how many has been prosecuted ?

All of them are being prosecuted and the ones that are yet to, will definitely have their days in court.

How many corruption cases were exposed in the last administration of stealing is not corruption?

Nothing shocks me again

In a government that has as its mantra, the fight against corruption let me ask this question?
Are there any MDA's left untouched by this intractable scourge. What is going on?

From the CBN to Aviation, from Niger-Delta to North East Development, from Ministry of Petroleum to Sports, to Agriculture to Communications to Information to Transport to Humanitarian to Education to Foreign Affairs to Health to the Presidency to Police Affairs to the Military to Customs and to the EFCC itself.... biko are there any left unstained, un compromised.?... Are there any saints in this heavenly, holy government ?

Or is stealing now official government business.? Chai. It has never been this dramatic, this fantastic and this elastic.
I think it is safe to say that what ever fight is going on against corruption must be scripted by those behind Wrestlemania.... All excitement, boisterous rhetoric, well oiled steroid pumped muscles, choreographed high wire moves but in the end, it is all for the money.... no one gets hurt...

Who is getting punished for all these. No one.

Solution- let the corruption agency be immune from any political party and anyone regardless of tribe , political party, or position ,found guilty should be given 20 years minimum in prison with no bail or no early release. If this can happen ,then you will see start seeing change

RuudVanNisteroy:

Raise his hand in a rally and convince Kano state residents to vote for a man watched by millions around the world, who was shown on video collecting a total of $5 million dollars in bribes. You BMC crew are shameless!

You haven’t answered the simple question I asked you.

So anybody that doesn’t join you to blame PMB every time is a BMC? Lame.

Been a while

Ijaya123:


All of them are being prosecuted and the ones that are yet to, will definitely have their days in court.

How many corruption cases were exposed in the last administration of stealing is not corruption?

I think you are in a better position to answer that. Since you know the number your buhari is prosecuting its only wise to also know how many GEJ prosecuted.

MsAllison:
watch as these cursed buhari supporters will try to exonerate buhari from this as if the title commander in chief has been excluded from his job

cured people

Ok please tell us his job........

And next time you visit any company or corporate establishment tell the CEO to come and clean the toilet or open the company gate for you. Because after all he is the commander in chief.

This is a systemic problem perpetuated by our friends, relatives, in-laws, neighbours, church members, ........in short by the whole of society.
Those fine cars you see on the roads, are they driven by Buhari?

We are terrible people and we are screwing up our country and the people within it. SHAME on all of us.

Hmmm, yesterday if was NTA, today it is DMO, if all the MDA's is to probed non of them will be corruption free. God please save this country.