No Evidence N8.5tn ‘Missing’ Oil Funds Was Paid Into The Federation Account – NGF

The Nigeria Governors’ Forum (NGF) led by governor of Rivers State, Rotimi Amaechi on Thursday called on the National Assembly to engage a credible foreign firm to carry out a comprehensive independent forensic audit of the alleged missing $49.8 billion (N8.5 trillion) from the Federation Account.
Their call for a probe into the purportedly missing sum, which represents about 76 per cent of the value of crude oil lifting between 2012 and July 2013, according to the Governor of the Central Bank of Nigeria (CBN), Lamido Sanusi Lamido, comes on the backdrop of the inability of the Nigeria National Petroleum Corporation, NNPC, Federal Ministry of Finance, Petroleum Ministry, Federal Inland Revenue Service, FIRS, and CBN to reconcile the books as $10.8 billion is still yet to be properly accounted for.
Reading the communiqué of the meeting held in Abuja that ended in the early hours of Thursday, Amaechi note
d that declining state revenue being witnessed by the government is not unconnected with such financial diversions.
He said: “We, members of the Nigeria Governors’ Forum (NGF), at our meeting today, at the Rivers State Governor’s Lodge, Abuja, deliberated on a number of issues and resolved as follows: On the issue of the missing $49.8 billion (N8.5 Trillion) or equivalent of two years of the National Budget, there is no evidence that this amount was paid into the Federation Account or duly appropriated.
“We accordingly call on the National Assembly to institute a comprehensive independent forensic audit by an international reputable firm. We fear that the recent decline of State Revenues is not unconnected with the financial diversion”.
The Forum also maintained that the Federal Government is in breach of the Fiscal Responsibility Act by failing to consult with states before forwarding the Medium-Term Expenditure Framework (MTEF) to the National Assembly.
It also noted that the National Economic Council (NEC) meeting has not held in the last four months.
Amaechi said: “In clear breach of the provision of Section 11, Part II of the Fiscal Responsibility Act, 2007 which requires the Federal Government to hold consultations with states before the Medium-Term Expenditure Framework (MTEF) is laid before the National Assembly; consultation with states on the MTEF and Fiscal Strategy Paper (2014-2016) did not hold.
“The National Economic Council (NEC) meeting where issues of this nature would have been discussed last held four months ago”.
The Forum also decried the recent violent attacks and killings that took place in Borno State and the attack on the father of Governor Rabi’u Musa Kwankwaso of Kano State.
On attacks in River State, the Forum said: “We also condemn the flagrant violation of the rights of citizens to freely assemble in Rivers State by the Nigerian Police; the excessive use of force against unarmed citizens in the exercise of their fundamental rights and the shooting of Senator Magnus Abe.
“The financial irregularities relating to public accounting, the lack of compliance with the Fiscal Responsibility Act, 2007, and the recent security breaches are not unconnected with the refusal of the Federal Government to convene meetings of statutory institutions created in the Constitution such as the National Economic Council (NEC), the Council of State, the Nigeria Police Council and meetings of the Federation Account Allocation Committee (FAAC). We urge a return to the path of constitutionalism”.

Comments

Post a Comment

Popular posts from this blog

The Best Of Hot Body, Ugly Face

Image
#1 The Ugly Phase This is the picture that will haunt and follow you for the rest of your life. Just when you think it's behind you, you'll find it right in front of you. Because, the internet. #2 Tiffany Pollard When all else fails, squint your eyes. Because if you can't see them, maybe they can't see you. #3 Gaga You might think that the costumes and the whole charade is about self expression, but would you be surprised if it was all a clever marketing ploy? After all, would an unattractive female singer rise to such fame with out a gimmick to distract from this face? via  http://www.hotlikesauce.com/ #4 Pam Anderson *2013 Pam Anderson, let us be clear. Everyone's favorite cover spread has come a long way since her sex tape went viral and she was a poster on countless adolescent walls, and it's not a good look. via  http://i2.mirror.co.uk/ #5 Sigourney Weaver In her younger years Sigourney Weaver was a re
Read more

5 “Scientific” Facts About br**sts

Image
1. Poor men like big br**sts while financially secure men prefer smaller br**sts. According to Psychology Today, the amount of money a man earns is connected with size of br**sts he prefers. The study, conducted by two psychologists, set out to explore the link between financial state and chest size preferences. Men from different backgrounds were shown animated female figures with different sizes and were asked which of them they considered more sexually attractive. The results were as follows: poorer men or men undergoing “resource insecurity” preferred larger br**sts while those who were financially well off and stable preferred smaller b**bs. 2. Hungry men desire big br**sts while satiated men prefer a smaller chest. Scientists revealed that hungry men preferred larger br**sts compared to those whose stomachs were full. What is here to add? Bon appétit indeed! 3. Squeezing br**sts may prevent cancer Man can actually be saving the life of their beloved by continuously
Read more

Secrets Behind Every Woman’s br**sts

Image
br**sts! Men notice, admire, imagine and long for them. Sometimes women reveal very little, and they muse on what they can’t see. Yet amid obsessing over what they’re dying to see and touch, they know very little about br**sts as women themselves perceive them. So to find the truth, some female s*x experts were consulted and more than 700 women wee surveyed. Everything you need to know is here, and it’s stamped official because it comes from chest owners. Women Don’t Think Men Are Total Pigs About This : Three-quarters of the women asked think men’s fascination with br**sts is harmless. Seventy percent assume most guys are b00b men. “I love it when men look at my br**sts,” says Rachel, 23. “It makes me feel powerful, and there’s something carnal about it.” Of course, this is neither a ticket to leer nor an invitation to make crass comments, even in jest. “There’s really no excuse for not being courteous or maintaining eye contact with women,” says Debby Herbenick, Ph.D., a
Read more