OUR MONEY!!!:Ngozi Okonjo Iweala Get Blasted Over Huge Amount Of Naira(Nigeria Minister Of Finance).

The Woman above,namely, Ngozi Okonjo Iweala beiny the national minister of finance might be in a very hot soup...hehe...fraudsters@thetop...lol...

Bellow is how Sahara Reporters are reporting it...

A Forum of Concerned Members
of Federation Accounts Allocation
Committee (FAAC) has slammed
the federal government for
misinformation and
mismanagement concerning the
federation accounts, including
the failure of the NNPC to remit a
whopping N2.983 Trillion into it
in the past two years.
In a statement today, the group
called on the National Assembly
to investigate what it called “this
apparent fraud” in Nigeria’s oil
revenue, citing a level of impunity
so high that no reference is now
required to be made to the
National Assembly by the
Minister before the law could be
varied.”

Continue...

The Concerned Members
described the latest report on the
Federation Accounts credited to
the Minister of State for Finance,
Dr Yerima Ngama, as a calculated
attempt to confuse the public
regarding the revenue accrued to
the Federation Account and give
the impression that the
government is under pressure to
augment revenue shortfall, while
in actual fact, the shortfall is as a
result of poor management.
They said the revenue profile of
the Federation as painted by the
Honourable Minister of State is
incorrect and amounts to a gross
distortion of facts and empirical
data of revenue accruing to the
Federation Account.
“Specifically, while the Minister
put the revenue earned in the
month of July 2013 at N497.98
billion, the Central Bank of
Nigeria (CBN) economic report
for the same period stated that
revenue from oil rose by 0.2 per
cent to N645.65 billion, while
gross non oil receipt (corporate
taxes, custom and excise duties
and custom’s special duties) was
put at N404.53billion a total of
N1090.18Bn revenue which was
higher than the budget estimate
of N702.54 billion approved by
the National Assembly for July
2013,” the committee said.

Continue...

They also drew the attention of
the public to what it called “key
outstanding and recurring issues”
concerning revenue into the
Federation Account Allocation
Committee since 2011 especially
the failure of NNPC to fully
account and remit into it
proceeds of all exports.
“The question the Honourable
Minister of State for Finance
need to fully address without
further delay is whether the
N2.983 Trillion held back by
NNPC is not part of the revenue
earned into the Federation
Account meant for the three tiers
of government,” FAAC stressed.
“Why is the Minister not
demanding full remittance into
the Federation Account by NNPC
and who are the people profiting
from the fund held by NNPC in
foreign accounts through delayed
remittance and/or non-
remittance to the Federation
Account in most of the cases
listed above?”
The group also drew attention to
other serious issues of
substantial non-compliance with
the 2013 Budget and non-
adherence to disbursement
agreed at the monthly FAAC
meetings, including the huge
outstanding shortfalls agreed at
our various FAAC meetings in line
with 2013 budget pending
disbursement as well as the very
poor level of handling of FAAC
meetings and the usually
noticeable level of
unpreparedness of the officials
handling the Federation Account.
With reference to the latter, the
group drew noted the situation
in the last two years where FAAC
members across the Federation
make a minimum of two to three
trips for the usual one day
meeting, with scheduled
meetings repeatedly cancelled at
short or no notices at all and at
grave travelling dangers to
members.

Continue...

“This allows officials including
NNPC to have their ways at will
with serious impact on finances
of the three tiers of government,”
the Concerned Members said.
They further stated that the
Budget 2013 like all budgets in
the past is an appropriation act
of the National Assembly with the
approved bench mark of $79pb.
“Currently, oil price is $114pb
and at no time this year has the
price of oil fallen below $95pb
and with increases in our quota
and production, there is no
doubt that something is greatly
amiss with the management of
Nigerian Oil resources that
requires sustained urgent
attention by all parties, especially
the National Assembly. We are
grossly concerned and wish to
state that this mess should not
be allowed to continue.”
They also dismissed excuses by
federal officials that Nigeria loses
a total 400,000 barrel per day
given the level of policing and the
multi-billion dollar contract to ex-
militants to ensure safety of oil
pipelines and cargoes, expressing
the hope that the alleged losses
are not an organized theft of the
country’s oil resources.
“We are equally disturbed with
the gross level of impunity that
has characterized non-adherence
to the appropriation act as
passed by the National Assembly
and are further concerned that
this level of impunity is now such
that no reference is required to
be made to the National
Assembly by the Minister before
the law could be varied,” the
Concerned Members said.

Source:SaharaReporters. 

More Gist Coming Soon...

TeamAntiFraudSquad@Wegistworld.com

wereallygist.live