The Governor of the Central Bank of Nigeria on Tuesday opened yet another chapter in the ongoing Senate committee’s probe of allegedly unremitted oil proceeds.
At the hearing, the CBN Governor named Seven Energy as one of the companies to which funds were diverted
when the session opened, the Chairman read a welcome address stating that only those who submitted written memorandum will be given the opportunity to speak.
when the session opened, the Chairman read a welcome address stating that only those who submitted written memorandum will be given the opportunity to speak.
He indicated that memoranda were received from CBN, NEITI and FIRS
Afterwards, he yielded the floor to the Director General of Budget to give a report on the reconciliation effort.
The DG Budget stated that from the reconciliation, $10.8bn is the amount that is outstanding and that NNPC has made significant progress in providing documentation to account for the money. He also stated that more time is needed to complete the reconciliation. The DG therefore asked for additional 1 week.
The Committee called for PPPRA but its Executive Secretary was not present. A representative of the Executive Secretary of PPPRA who did not speak very confidently explained that further time was needed in order to reconcile the figures.
Commenting, Senator Bukola Saraki stated that the response from the DG of Budget and PPPRA representative did not inspire confidence. He asked why the FMF waited for CBN Governor to raise the alarm before embarking on the reconciliation. DG of Budget responded that reconciliation is carried out on monthly basis and it is a continuous process.
CBN Governor submitted as follows:
That oil revenue which should accrue to the Federation Account from NPDC’s is being diverted to private companies; Atlantic Energy and Seven Energy.
That as a result of this there is a non- remittance of $6bn of gross crude revenue that ought to be remitted to the Federation account by NPDC as part of the divested assets.
That NNPC stated that a major component of the $10.8bn was spent on kerosene and PMS subsidy. The Governor indicated that he has evidence of a presidential directive stopping subsidy in respect of kerosene and therefore declared subsidy illegal and should be refunded to the Federation Account.
Finally the CBN Governor stated that from his calculation, of the $67bn crude oil lifted; only $47Bn has been remitted leaving a balance of $20bn.
NEITI was then asked to present its audit of the oil industry/NNPC. The NEITI representative stated unequivocally that the audit has just commenced and would not be ready until after 9 months.
NEITI was then asked to present its audit of the oil industry/NNPC. The NEITI representative stated unequivocally that the audit has just commenced and would not be ready until after 9 months.
The Chairman then demanded that all who were unable to attend including CME and HMPR for one reason or the other should attend the next hearing and all submissions should have been made before then.
He adjourned the sitting to Thursday 13th February, 2014 and requested that all submissions must reach the Senate Committee by February 7, 2014......culled
Is anyone surprised about Omokore's company?
ReplyDeleteNo
DeleteNot at all. Cabal thingy.
DeleteHe don use the money buy Chanel Boy Bag, Channel Classic bags, Lego's, Hermes Birkin's and all for Karen Koshoni and all his mistresses. It's not easy to pay school fees for him Pikin,s Karen's and all. Private jet pilot needs to be paid, jet needs refuelling. Wedding party in Dubai. Comon!! This man is a world class thief. A front for Jonathan and Dieziani or whatever she's called.
DeleteKarma is I bad fucker. It will fuck you all up hard in your assholes, ur holes will rip apart from the massive dickfuckery and your generations will unfortunately pay for it.
Chai and I just applied to this seven energy oo. I hope it doesn't affect the company. I need that job desperately.
Deletechaaai
ReplyDeleteSee as dem chop our money finish
@Galore
See how they are calling $billion like its #100 they are talking about. God, na when my turn go reach?
DeleteICY
Sanusi i hope you are clean?
ReplyDeleteThat is eh! I sha hope it's not kettle calling pot black.
DeleteYea I think the guy is clean,you need to see the confidence he was putting up during the hearing,so yea I think he is clean
DeleteWhat if he is not clean? Let others put him on the cross and nail him too.
DeleteEvery one of the looters need to be nailed but I am sick and tired of stewpid comments asking if an accuser is clean!! Are some of you so sick that you cannot understand that it is better for the country if these people attack and expose each other?
What kind of silly reasoning is that, to expect you have to be clean before you make allegations?
A sane question would be to ask Sanusi to prove the allegations.
Hope dis sanusi dude is clean? Cos d way e calls peep out for embezzlement is alarming...hope dere is no skeleton in his wardrope!!!!! #justasking#
ReplyDeleteLol @ wardrope mba no be only rope ehn na cord..wardcord rotflmaoooooo. Anyhoo one by one they will be ousted by God's grace!
DeleteAll these staggering figures.....
ReplyDeleteNo doubt. Jide O the money. He is busy funding the lifestyle of Karen K, freda E, jummai A, Chioma O, Rita I and co. i mean this guy is giving this women huge sums of money. Setting up businesses from them... May i continue?
ReplyDeleteSo Chioma O is there???? O ma ga o!
Deletepls continue
DeleteContinue sharparly.
DeleteBikonu, who is Chioma o???
Deletelies, stop spreading falsehood, bitter bitch
Deleteabeg leave story! tutu wright daramola of 1004 is his main girlfriend now,girls wont face their marriages!
DeleteNo, shut up! or go and fuck Jide too aaaaahhhh
DeleteGod will bless u abundantly. Pls continue
DeleteIs anyone surprised about Jide Omokore's name being mentioned? This man and his so called wife Angela Ebagua are just too wasteful. The were just too wasteful with money. They spend money like is going out of style. One of their excesses is the wedding for his sin in Dubai last year. The Aso Ebi was giving out free and people were lodged in a very expensive hotel. I even heard that he has 2 private jets. One for him and one for Angela. Really??? That is so absurd. I guess I got the answer to my long time question. Why is he so wasteful and careless with money? Because it is free and stolen money . Even Mike Adenuga with all his money doesn't have a private jet for his wife. I guess being educated does it. This Omokore is nothing but a bush man money miss road. He wasted money on a wedding for his son that doesn't have any means of livelihood and education to better his life tomorrow. The guy look like someone that is lost on his wedding day. The son's biological mother that is still alive wasn't 't even invited to his son's wedding. The wedding was like Angela's wedding and time to show off their stupid lifestyle.
ReplyDeletemake I no lie, I was at that wedding o.
Deleteit shook the whole of Dubai
Imagine Jide Omokore rented the whole of Cavalier club for the night before the wedding, that is hard currency plus he put down a down payment of $1million at JW Marque, plus put up several shady characters at various expensive hotels here in Dubai including Burj Al Arab.
I no go fit complete this tori cos e go take my whole page, back to work.
Greetings to Bloglord.
Madam talk true, this one no be 20 billion dollars matter, u have something against Angela ebagua, because the way u dey curse dem , no be dis money wey miss cause this insults so, e don dey your mind since
DeleteMadam, you really do have something against Angela. Haba. Bet you mind spoil as you see her her diamonds, you nearly died. Abeg wake up. Start praying you hear. Nigeria is turn by turn. Its their own time. When its yours, lap it up. Jealousy is a very bad disease! You end up being unhappy and with time people would run away from you. So chill abeg.
DeleteMen dis is serious, corruption at its Peak, but I hope sanusi sef nor join chop, can't trust any one
ReplyDeleteFound Large numbers of indecent clips of my GF's Phone
Dear stella! Any of your readers needs a good,educated,funny and entertaining MC for their events!you need not to go far!at a very good pay.My pin 232417E7.business only,thanks
ReplyDeleteIf Sanusi wasn't clean, he wouldn't have challenged federal government....ride on sir!!!!!
ReplyDeleteSanusi refusing to just have a good night,am glad he's calling out these our country embezzlers,but the kind of thefts that go on with NNPC is quite shocking, who is suppose to watch over the country's funds in oil,now the object used for the counties scam.
ReplyDeleteMy question is Sanusi calling everyone involved, or calling those that have refused to register under APC?since the new term.in Nigeria is if you want change,go and register.
Why is it towards the end of Sanusi's tenure as governor he is now calling and spilling names? Nigeria's complexity is beyond me.
Nigerians!!! When people do not speak out against graft you'll complain they kept quiet.Now we have one who's willing to be on the right side of history & you are busy saying it's because of APC.I 'taya' for una oh! God will help this generation.You guys are just so confused.
DeleteWhy is it that whenever people start reaching their end in naija...they start calling out those embezzling....is it that their dead consvience suddenly revives?
ReplyDeleteHe don use the money buy Chanel Boy Bag, Channel Classic bags, Lego's, Hermes Birkin's and all for Karen Koshoni and all his mistresses. It's not easy to pay school fees for him Pikin,s Karen's and all. Private jet pilot needs to be paid, jet needs refuelling. Wedding party in Dubai. Comon!! This man is a world class thief. A front for Jonathan and Dieziani or whatever she's called.
ReplyDeleteKarma is I bad fucker. It will fuck you all up hard in your assholes, ur holes will rip apart from the massive dickfuckery and your generations will unfortunately pay for it.
Only God can save Nigeria because i do not see change any time soon
ReplyDeleteAbeg make this guy free us,as if he is clean...embezzling money at CBN, giving contracts out to cronies, employing people as long as they come with a note from a northern emir....tired of him please.....He has destroyed the banking sector....went on a personal vendetta against Akingbola and co whilst claiming that the other banks are strong e.g Unity bank..some of us are not fools o...we have our eyes wide open and our ears on the ground.
ReplyDeleteWahala dey dis country and until we the people stand up and fight, we r not goin anywer in dis country. One word, REVOLUTION
ReplyDeleteChai all these people calling billions billions....please its only 200,000 dollars I need to go to havard business school...help a girl in need abeg.ahah....God help your children oh
ReplyDeleteU no get totoh?go lace am with jazz na
DeleteIf you have admission to HBS, apply for the 7up scholarship
DeleteMadam eje;if I lace my tohtoh(can't believe I'm using that word)with jazz,where will I be 10-20yrs from now? Bad advicer k'ibu
DeleteEnough is enough!
ReplyDeleteLet's kip foolin ourselves belivin dat God wil com down 2 deliver Nigerians frm d clutches of dese vampires, I call dem vampires coz de are rydin and swimming in d blood of d pple dat died of poverty, lack of medical care, road accident coz of bad nature of d roads. Majority of d youth nid 2 start seeing tinz in d same direction coz d way we argue in support and against corruption giv us vague hope as 2 d possible end. Most developed nations stood 4 demselves against oppressions, subjugations, nepotism etc..... D tree of liberty can only b watered by d blood of d tyrant so d sayin goes. I feel we are all stil comfortable in our humble abode dats y we respond 2 issue as if we are not affected. If tinz shld continue dis way even if we are pushed 2 d wall we aint go bark let alone bite. But all I hav 2 say is dat may God tap d consciousness of d youth 2 rise up and take wat rightfully belongs 2 dem. GOD BLESS NIGERIA
ReplyDeleteLet's kip foolin ourselves belivin dat God wil com down 2 deliver Nigerians frm d clutches of dese vampires, I call dem vampires coz de are rydin and swimming in d blood of d pple dat died of poverty, lack of medical care, road accident coz of bad nature of d roads. Majority of d youth nid 2 start seeing tinz in d same direction coz d way we argue in support and against corruption giv us vague hope as 2 d possible end. Most developed nations stood 4 demselves against oppressions, subjugations, nepotism etc..... D tree of liberty can only b watered by d blood of d tyrant so d sayin goes. I feel we are all stil comfortable in our humble abode dats y we respond 2 issue as if we are not affected. If tinz shld continue dis way even if we are pushed 2 d wall we aint go bark let alone bite. But all I hav 2 say is dat may God tap d consciousness of d youth 2 rise up and take wat rightfully belongs 2 dem. GOD BLESS NIGERIA
ReplyDeleteLet's kip foolin ourselves belivin dat God wil com down 2 deliver Nigerians frm d clutches of dese vampires, I call dem vampires coz de are rydin and swimming in d blood of d pple dat died of poverty, lack of medical care, road accident coz of bad nature of d roads. Majority of d youth nid 2 start seeing tinz in d same direction coz d way we argue in support and against corruption giv us vague hope as 2 d possible end. Most developed nations stood 4 demselves against oppressions, subjugations, nepotism etc..... D tree of liberty can only b watered by d blood of d tyrant so d sayin goes. I feel we are all stil comfortable in our humble abode dats y we respond 2 issue as if we are not affected. If tinz shld continue dis way even if we are pushed 2 d wall we aint go bark let alone bite. But all I hav 2 say is dat may God tap d consciousness of d youth 2 rise up and take wat rightfully belongs 2 dem. GOD BLESS NIGERIA
ReplyDelete100 likes. Boko Haram should focus on these people instead, corruption has eaten deed into this nation. Nigerian youths dont care as long as they get something from these looters. You need to see the list of the people going for the national conference, mostly peoole of questionable characters. God bless Nigeria indeed.
ReplyDelete