​Finance Minister Adeosun issues tough fiscal guidelines to agencies, vows sanctions to defaulters

Minister of Finance, Kemi Adeosun

Nigeria’s finance minister, Kemi Adeosun, has issued a new set of guidelines to compel federal government offices remit monies they generate, accompanying the stringent rules with the threat of sanctions to defaulters.

Henceforth, the minister said, all self-funded federal agencies are to limit their annual expenditures from their internally generated revenues to not more than 75 per cent of their total gross revenue, while fully funded agencies must remit all monies they generate to the Consolidated Revenue Fund, which is the federal government’s central account.

The move is aimed at recouping billions of naira wasted annually by hundreds of government agencies who generate revenues, but fail to pay same to the government, despite having all their administrative costs covered for by the federal budget.

Such agencies do not account to the government regardless of how much they generate, in violation of the Fiscal Responsibility Act, 2007. The Act stipulates that revenue-generating establishments pay up to 80 per cent of their operating surplus into the government coffers.

In past years, impunity reigned as ministries, departments and agencies refused to comply even as government’s revenue declined.

The Fiscal Responsibility Commission, set up under the 2007 Act, had always complained that key government agencies brazenly spent the billions they generated each year.

In 2014, the head of the commission’s Legal, Investigations & Enforcement Directorate, Charles Abana, told PREMIUM TIMES that some of the biggest violators of the law include the Nigerian National Petroleum Corporation, NNPC, Securities and Exchange Commission SEC, and Nigerian Port Authority, NPA.

Others include the Nigerian Maritime Administration and Safety Agency, NIMASA, National Agency for Food and Drug Administration and Control NAFDAC, Joint Admissions & Matriculation Board (JAMB), Nigerian Communications Commission, NCC, Nigerian Television Authority, NTA, Corporate Affairs Commission, CAC, and National Examinations Council, NECO.

Mr. Abana said these agencies adopt various “creative accounting practice schemes”, by either providing false information on revenue generated, or how much was due to government every year.

He said the fraud was so extensive that each year these agencies deliberately provide contradictory financial statements and information to different supervisory or regulatory authorities, namely Finance ministry, Accountant General’s office, and the FRC, to mislead them.

A new accounting guideline announced Friday by the finance minister, Mrs. Adeosun, seeks to curb the practice.

Mrs. Adeosun said in a statement that records have shown “very poor compliance with the provisions of the Fiscal Responsibility Act”.

“Some agencies have never credited the Consolidated Revenue Fund, despite having salary, capital and overhead financed by the Federal Government. Indeed, cost to income rates of 99.8% have been the average, meaning that they spend all their internally generated revenue and subventions released to them,” she said.

Such practices, the minister pointed out, were not sustainable under any economic circumstance. She said the current serious economic challenges Nigeria faces can no longer tolerate those practices.

Under the new rules book, boards and agencies of government currently operating outside the budgetary controls are directed to strictly comply with the law by ensuring all revenues and 80 per cent of their operating surpluses are credited to the consolidated revenue fund.

The minister said henceforth revenues generated by all MDAs must be reported on a gross basis prior to any deductions.

She directed all self-funded federal agencies to limit their annual expenditures from their internally generated revenues, IGRs, to not more than 75 per cent of their total gross revenue, while fully funded agencies must remit all their IGR to the CRF.

To ensure continual monitoring, all MDAs funded through the annual budget must submit monthly Expenditure Transcripts and Revenue Returns, to the Office of the Accountant-General of the Federation (OAGF), while other agencies must prepare and submit quarterly management accounts, including Revenue Returns to the OAGF.

The minister reminded all MDAs that in line with Financial Regulations 107, the AGF shall carry out routine revenue monitoring and inspection visits to the MDAs to verify compliance with the new guidelines.

She vowed sanctions for any Accounting Officer/Chief Executive Officer of MDAs who defaults in remitting the revenues as appropriate.

“Renewal of the tenure of appointment of Accounting Officers/Chief Executive Officers shall be tied to their compliance with the content the new guidelines,” the minister said.


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  • Wesley

    Good move. Sanity and discipline is gradually returning to the civil service!

    • Weydem

      BUT HOW COME THAT MRS WORLD BANK NGOZI OKONJO-IWEALA

      DID NOT HAVE THE COMMONSENSE TO DO THIS IN EIGHT YEARS?

      • Contact Point

        lol, bcuz she worked under dumbo n was made coordinating dumbo too. of cuz unda dat, she cnt function…………. I hope senators r reading my swag so let them get set to send me n odas to prison with their insane SM gag bill…………idiots

      • Otile

        Hold your pant o. It is not what they say but what they do, so don’t sell your pant yet. You see, in the month of June 2015 Imam Buhari assured us that his soldiers were going to wipe out Boko Haram by the end of September. Did it happen? At the end of September 2015 in the Year of the Lord, Imam realizing that he lied made a fresh promise that by the end of December Boko Haram would be no more. but as the devil will have it Boko Haram is now making incursions into Yola, Birnin Kano, and beyond but December is running out, we are therefore asking December of what year is he going to defeat Boko Haram?

        This is why I am urging you to hold your pant not to get excited yet.

        • Psi Ciroma

          Somehow this one resembles a MAD PERSON…… Just an observation..

          • Otile

            Counter me with your own superior argument. Name calling and emptiness can’t do it for you.

          • Burbank

            Speaking to the mirror

          • Otile

            I usual make valid illustrative points. Do you? If I respond to your name calling by giving it back to you why do you object?

          • Burbank

            why do you object?

          • Otile

            Google the meaning of the word or ask an educated person then you will understand.

        • newvoice404

          When would you actually hold your pant in the air and admit that your madam world bank cum ex finance/coordinating minster’s pant was very porous and somewhat sub-standard lol!

          • Otile

            What is your point, and be clear.

        • Burbank

          And George Bush declared “Mission Accomplished” on the war in Iraq…… on May 1, 2003

          • Otile

            Are you therefore mocking us that President Bush did not stamp out Islamic terrorism after-all?

          • Burbank

            Mission accomplished

          • Otile

            At least Sadam is not there today molesting people and planning evil against Christians. To that extent you can say mission accomplished

      • Höly Wähala

        @Weydem, did you read this…
        “Providing false information on revenue generated, or how much was due to government every year…. He said the fraud was so extensive that each year these agencies deliberately provide contradictory financial statements and information to different supervisory or regulatory authorities, namely Finance Ministry.”
        Idi ot, try as una may, you can never compare Diploma Kemi with Dr. NOI, not even on a Student-Professor Basis because Kemi cannot afford to attend lectures delivered by Dr. Ngozi Iweala at any of the world’s prestigeous universities waiting for her Attention. Did you know that she’s fully booked for the next 12months? Mumu, the atmosphere of Dumbo’s Govt. made it impossible for NOI to control People like Tief Anenih at NPA; Diezani at NNPC; Marlene Oteh at SEC and so on. This is even a no-brainer, a tough directive would’ve stipulated 50-50 since the federal govt. foots administrative costs. Ode.

        • Kuku

          It should have been honorable for her to resign or speak out if the environment wasn’t enabling enough to do her job. Don’t you think so? She didn’t resign or speak out because she was comfortable with aromas of corruption and benefited from the incompetence of the, lazy and corrupt ex-president. Stop defending the obvious. Or is she paying you from doing this dirty job? Because sometimes you’re objective but when it comes to NOI you throw the caution into the dirty bin.

          • Höly Wähala

            Shut up dia monkey!
            Did Buhari speak out against Gen Abacha, did he resign? Have you ever heard of Maj. Gen. Cecil Ahikaigbe? I bet not. Well, he spoke out against corruption in Dumbo’s Govt… do research and find out what became of him. But, I’m sure you read about what happened to Gen. Azazi ba? And damn sure know what happened to Emir Sanusi of Kano. Mumu, she did her honest best and like Buhari, came out with her reputation intact. Now, look where both of them are… Stup*d boy!

      • wode

        When the head is bad, what happens to the other parts? What could Ngozi do when GEJ did not even know what was going on and he’s the one that would give the blanket order/approval that monies should be released. Even, all the heads of the MDAs, were they not paying their individual royalties to the Aso Rock Oracle(s)? How then do you expect any directive to be respected or obeyed? The only offence of Ngozi is that she lost all her credibility for continue to serve a corrupt Government – coordinating the economy – when she had the option of quitting. Meaning that she was an accomplice.

        When SLS, the erstwhile CBN Governor, blew the trumpet of some missing funds, was Ngozi not one of the arrow-heads defending the fraud? Here now comes the day of reckoning. Let whoever is found guilty face the music.

  • MI

    Excellent step Kemi! Responsibility and Accountability are watch words for those entrusted with public trust.

    • Burning spear

      I am laughing my head off at the janjaweed comments by madam—-ati the Apes in APC———-Hours ago, Buhari gave similar directive to these Agencies filled with Fulanis—-ati Yorubas—–that every kobo generated by them, should be remitted via Remita-to CBN-Which will in turn collect a percentage of every revenue generated by them government agencies mentioned by madam no sabi anything—-neeee Olodo Buhari————–Now as if that order which is being investigated by the Senate is not enough————Madam is still directing them to repeat same directive earlier issued by Chief Olodo Buhari the Ole of my ¨$2.8b ati 5.6b dollars in NNPC in 2015 Have his Minister of Finance-repeat the same message that put Senior Olodo aka Buhari into trouble—with the Senate-What a country——what a shame–what a set of Olodos in APC–Happily this one is a little bit different from the usual Dasuku theft of Abachas–2.6 trillion dollar-loot–No I forget—I put mistake——It was 300m—————dollars-loot–which Buhari told the globe Abacha did not steal—from the oil wells in d creeks of the Niger Delta–

      • Höly Wähala

        Hahahahahahahaaa… @”Madam no Sabi”. I go die ooo!

  • Otile

    Eye witnesses reported that the Spanish embassy was under attack, but Spain’s prime minister Mariano Rajoy denied this. He later added that one Spanish police officer died in the attack. The Taliban say their fighters detonated a car bomb in the Sherpur area and were currently inside a building there. It is the latest in a series of audacious raids by Taliban fighters on high-profile targets in Afghanistan. Casualties have been brought in to a nearby hospital, and eyewitnesses say a gun battle is still under way. Eyewitnesses reported hearing a loud explosion followed by heavy gunfire on Friday evening. Fresh gunfire and explosions were heard early on Saturday morning. It follows a Taliban attack on Kandahar airport on Tuesday evening in which at least 50 people were killed.

    Under these circumstances Islam should be classified as a violent cult not religion. Jama’a Salam Alekun.

    • Burbank

      Agreed – let’s hang Alhaji Gokubo Asari, now.

      • Otile

        Why do you want to hurt him? Hon Dokubo is an entrepreneur contributing immensely to human knowledge and development. What is wrong with that?

        • Burbank

          “Under these circumstances Islam should be classified as a violent cult not religion.”

          What is Alhaji Dakubo Asari religion?

          Christianity or Islam?

          • Otile

            Honorable Dokubo is a developer contributing to the development of mankind, do you mind?

          • Burbank

            “Under these circumstances Islam should be classified as a violent cult not religion”

            What is Alhaji Dakubo Asari religion?

            Christianity or Islam?

          • Otile

            Honorable Dokubo is not an islamic terrorist. He is a decent man.

  • Psi Ciroma

    Somehow this one resembles a MAD PERSON…… Just an observation

    • Burning spear

      I am laughing my head off at the janjaweed comments by madam—-ati the Apes in APC———-Hours ago, Buhari gave similar directive to these Agencies filled with Fulanis—-ati Yorubas—–that every kobo generated by them, should be remitted via Remita-to CBN-Which will in turn collect a percentage of every revenue generated by them government agencies mentioned by madam no sabi anything—-neeee Olodo Buhari————–Now as if that order which is being investigated by the Senate is not enough————Madam is still directing them to repeat same directive earlier issued by Chief Olodo Buhari the Ole of my ¨$2.8b ati 5.6b dollars in NNPC in 2015 Have his Minister of Finance-repeat the same message that put Senior Olodo aka Buhari into trouble—with the Senate-What a country——what a shame–what a set of Olodos in APC–Happily this one is a little bit different from the usual Dasuku theft of Abachas–2.6 trillion dollar-loot–No I forget—I put mistake——It was 300m—————dollars-loot–which Buhari told the globe Abacha did not steal—from the oil wells in d creeks of the Niger Delta——

      • Höly Wähala

        Deri…
        Biko, refer me to The Economist (date/editon) I wann use am hammer @Dele Awobeoba next time I catch’m online, that’s if you’re not making up things again in your drunken reverie. When did the yeye Economist disparage our Alamala Univ. of London graduate… eh? Dip. Kemi is a UK university grad so I doubt your story.

    • Kuku

      Just like you. Because it takes a mad man to recognise another mad man. May be it runs in your family….It’s an observation.

  • Burning Spear

    The Economist rates Kemi Adeosun ‘poorly qualified’ to be finance minister

    Kemi Adeosun, Nigeria’s finance minister, is poorly qualified to manage the country’s economy, according to English newspaper, The Economist.

    In its review of President Muhammadu Buhari’s ministers, the newspaper described Okechukwu Enelamah, the minister for trade and investment, as “a respected businessman”, but noted that he “may lack the clout to stand up to the president”.

    “Africa’s biggest economy, which relies on oil for 70% of its revenue, is sputtering as prices fall. Economic policy has been adrift since Mr Buhari came to power, and investors complain about the central bank’s use of trade controls and import restrictions,” The Economist said. That is why she is trying to introduce these kokoma policies that will enrich REMITA for APC ati Buhari-Yeye dey smell for Nigeria and her dwindling economy

    • Höly Wähala

      Hahaha…@”kokoma policies that will enrich REMITA”
      Deri di Drunk, abegi make I no choke on odeku biko, pocket your drunken jokes for Christmas, na beg. Which one again be, “kokoma policies” nah? Your head dey really spin on that shepe wey una dey gulp down yonder. Hahaha!

      • Burning spear

        @ wahala–Happily u are an Ibo man—–So-why were u not at 10 Downing Street to submit the petition on IPB? Instead of chasing me all over the web?——————————Besides—-Chief Buharimice–am I the Economist which rated her? The kokoma policies are the same old (baby pancake) stories that Buhari told us about the government agencies sending money to—CBN which was introduced by Jonathan—-and not Buhari- How much has Efcc remitted to CBN?–She is here issuing childish directives when the promise Buhari made was to ensure that the dollar is exchanged for one to one– to be at par with the Naira-While the price of crude oil goes up—Instead Brent crude oil, is now being sold at 40 dollars–per barrel—-Is Buhari still asleep? Sadly this (kokomba woman)–comes with another childish rubbish———————-See the said directive is not working because certain government departments cannot even buy toilet rolls——-Buhari has mopped up every kobo for REMITA———–Should there be an emergency–SUCH AS d break down of a NEPA Transformer–u will have to send application to CBN and Buhari-for funds———————-b4 u can fix the oil pipelines—or the transformer—-That is madness of the hihest order————–Abroad yes but in Nigeria–such must be done with care——and respect—————-Not every Nigerian is a thief like Buhari is trying to make us believe–Did Buhari not tell us Abacha was not a thief? What happened at last’ Was he not stealing my oil revenue for Abacha in PTF?

        • Höly Wähala

          @Deri di Drunk…
          Who is the Kokomba woman dancing kokoma music with baby pancake for hand… who she born for, hope not a drunk like you ooh? Mba nu, tufia! Mba kwa, God forbid. Seriously now, Buhari does not set the oil benchmark price so why blame him for the downslide of crude prices? On the naira-dollar kokoma policies I’m with you, Diploma Kemi has no idea what fiscal policies are thus, cannot teach “Chief Olodo Buhari” like you called him, na ya mouth says so… not excatly my opinion. Baba na ol’ soja and for boot camp dem only teach dem how to shoot near-naked aborigines for swampy rainforests, how can you honestly blame him for kokoma economic policies? C’mon now, be nice for once in your drunken lifespan. Oloshi. Clown!

        • Burbank

          Hail biafra unity…where’s my pop corn

      • Agba Akin

        One of the directors of REMITA is an Igbo man called Ernest Ndukwe. .

  • wode

    Nice move, Madam Minister. Let the reform continue.

    • REDEEM

      Dead kokoma policies—————————–as BRITISH Parliament Calls For Biafran Independence To Avert the Repetition of the Holocaust of the 1940s.
      They (Foreign Committee) argued the Nigerian Government to Release Nnamdi Kanu and Conduct a Referendum For Biafra.

      • Burbank

        Okay
        Nnamdi Kanu will be released today or Lugard will come to Onitsha and becomes biafran president tomorrow.

        • Otile

          Do you ever make sense in your life? More often than not you sound like a semi-illiterate dropout. Leave America immediately and come back to your village near Owo, you are a misfit in the land of the brave.

          • Burbank

            British parliament will declare Lugard as biafra president tomorrow if Buhari does not released Nnamdi Kanu today, to avert the repetition of the Holocaust of the 1967-1970 when 6 million biafrans died.

          • Otile

            The British government learned a lot from Oduduwa people, two-faced. Read the history, during the genocide they supplied arms and mercenaries to Nigeria, but supplied food and medicine to Biafra. Who else can do that?

          • Burbank

            Nnamdi Kanu

          • Psi Ciroma

            Please Mr Burbank….STOP using religious symbols as your profile picture….it may be offensive especially if you are not speaking religiously or with truth may God bless you as you respectfully worship the Almighty Allah.

            Leave the Holocaust alone bc you are not a Jew (Millions were slain and they have families and loved ones like you do)

            Leave the Biafrans bc if they wanted to leave a country -they had the right and Shedding the Blood of Millions to prevent that is bad (They had brothers,sisters,children,parents and friends like you do)

            Do not explain away the shedding of innocent blood anywhere

            Do not bring wickedness into you household

            قد يكون مدح الله

    • Burbank

      Amen

  • BS

    @ wahala–Happily u are an Ibo man—–So-why were u not at 10 Downing Street to submit the petition on IPB? Instead of chasing me all over the web?——————————Besides—-Chief Buharimice–am I the Economist which rated her? The kokoma policies are the same old (baby pancake) stories that Buhari told us about the government agencies sending money to—CBN which was introduced by Jonathan—-and not Buhari- How much has Efcc remitted to CBN?–She is here issuing childish directives when the promise Buhari made was to ensure that the dollar is exchanged for one to one– to be at par with the Naira-While the price of crude oil goes up—Instead Brent crude oil, is now being sold at 40 dollars–per barrel—-Is Buhari still asleep? Sadly this (kokomba woman)–comes with another childish rubbish———————-See the said directive is not working because certain government departments cannot even buy toilet rolls—ANY MORE—Buhari has mopped up every kobo for REMITA———–Should there be an emergency–SUCH AS d break down of a NEPA Transformer–u will have to send application to CBN or Buhari-for funds———————-b4 u can fix the oil pipelines—ati the transformer—-That is madness of the highest order————–Abroad yes but in Nigeria–such must be done with care——and respect—————-Not every Nigerian is a thief like Buhari is trying to make us believe–Did Buhari not tell us Abacha was not a thief? What happened at last’? Was he not stealing my oil revenue for Abacha in PTF? Monkey

    • Buhari4Ever

      Deri Orbuka aka redeem, burning spear, shameless Izion. Try another mask.

  • REDEEM

    Dead kokoma policies—————————–as BRITISH Parliament Calls For Biafran Independence To Avert the Repetition of the Holocaust of the 1940s.
    They (Foreign Committee) argued the Nigerian Government to Release Nnamdi Kanu and Conduct a Referendum For Biafra.unquote—-Yipeeeeeeeee–The food is ready–South south Oya—Freedom is our goal in the creeeks of the Niger delta–with no attachment to any ethnic group!

    • Höly Wähala

      “The food is ready–South south Oya” ba? Thieves…

      Riding on back of Biafra for your “food of freedom” abi? Aborigine bastards. Didn’t you claim Ndigbo are part of The Tripod that wants to steal your oyel? Ode, any referendum for a misguided and visionless Biafra will fail, dirty ewedu-lovers and you slimy creek drunks will never again benefit from abandoned Igbo property, hia me so? Lazy animals!

      • Otile

        Which side you dey? Are you for or against the enslavement of Igbo people in one Nigeria? Are you for or against the slaughter of Igbo people under any pretext? Declare your stand now.

        • Höly Wähala

          Nada, nada!
          I’m not for the senseless slaughter of any Nigerians @Otile, I survived Obafraud Awoloshi’s attempt to annihilate Ndigbo during the war… yet, I’m against Ndigbo leaving our hard-earned wealth so Aboki ati Ewedu-lovers would smile from ear-to-ear and claim our wealth. But there is a soft pedal to all this: Devolution of power from Abuja to the regions in a true federalism as you enjoy there in the USA. Kapisch?

          • Otile

            You know very well that devolution of power in any true sense of federalism is not going to happen as long as it is not in the best interest of the North and South West. The North will vehemently oppose it while the South West will pretend to support but will find a way to sabotage or water it down. Here in the States God endowed every state with unique resources plus people love the country and make every effort to improve and protect it. You cannot say this about Nigeria where what the ordinary Nigerian benefits from the Central government depends on his/her ethnic group.

          • Burbank

            Unity in disarray.
            Pass me the popcorn

          • Otile

            What are you uniting for, to_suck oil from the Niger Delta in the name of one 9ja?

          • Burbank

            one 9ja

    • Nwa_Africa

      Ijaw fo0ol……………….You were saying that Ijaw is not Biafra but why supporting them? Foo0lish soul…………………

      • Burbank

        He just lost his hut, after that northerner muslim Wike removed biafra from Rivers State and BIM, IPOB, Massob, BZF, Ohanaeze fighting each others over who can out-curse biafra.

  • i still dey hear!

    “Corrupt acts will always be punished, and there will be no friend, no foe.

    We will strive to do what is fair and just at all times, but people who refuse

    to embrace probity should have every cause to fear.”

    ……………President Buhari

    (11th December, 2015)

    • Very Proud Oily IZON Redeemer

      Birds of the same feather move together——-from thief abacha to thief amaechi–fashola —tinubu—–yet he siad abacha never stole–what did buhari do with the 5.6 b dollars that Mrs- Madueke left in the coffers of NNPC—this is apart from the 2.8 he stole over 30 years ago

      • Crime Watch

        • Arraign Sanusi Lamido Sanusi on the basis of the audit done by the
        statutory FINANCIAL REPORTING COUNCIL evidencing the theft of
        an estimated ₦1.2 TRILLION at the Central Bank of Nigeria.

        • Arrest Raji Fashola for investigation to verify Lagos state’s cash
        revenue of 2.42 TRILLION NAIRA he orally claimed to have spent;
        and on top of it, incurred another 512 billion Naira as debt overhang
        on Lagos state, without the required physical evidence of that 2.42
        TRILLION NAIRA claimed expenditure to warrant this whopping debt.

        • Arraign ex-president Goodluck Jonathan and his proxy – Jide Omokore –
        for prosecution on criminal negligence, conspiracy and theft over the
        incredible $4.5 billion dollars found in Jide Omokore’s pocket.

        • Burbank

          done

      • Burbank

        over 30 years old hearsay

    • dandee

      Goodluck Jonathan and his Ministers, aides, assistants and advisers, all refused to embrace probity.
      I project they now have every cause to fear. They will spend the rest of their lives shuttling the dock.
      It is now such a thorough-going mess that no Nigerian can stick his head out for any Jonathan aide.
      Jonathan presided over the stealing and partition of Nigeria, but only pretended he was governing.
      Jonathan tore open the treasury vaults and dived into the cache of piles like a lunatic on rampage.

  • Very Proud Oily IZON Redeemer

    BRITISH Parliament Calls For Biafran Independence To Avert the Repetition of the Holocaust of the 1940s.
    They (Foreign Committee) argued the Nigerian Government to Release Nnamdi Kanu and Conduct a Referendum For Biafra.

    • Burbank

      Released, later.

  • Very Proud Oily IZON Redeemer

    deosun, Nigeria’s finance minister, is poorly qualified to manage the country’s economy, according to English newspaper, The Economist.

    In its review of President Muhammadu Buhari’s ministers, the newspaper described Okechukwu Enelamah, the minister for trade and investment, as “a respected businessman”, but noted that he “may lack the clout to stand up to the president”.

    “Africa’s biggest economy, which relies on oil for 70% of its revenue, is sputtering as prices fall. Economic policy has been adrift since Mr Buhari came to power, and investors complain about the central bank’s use of trade controls and import restrictions,” The Economist said. That is why she is trying to introduce these kokoma policies that will enrich REMITA for APC ati Buhari-Yeye dey smell for Nigeria and her dwindling economy

    • Elias

      Nigerians know better. We have seen the best of the immediate past government cabinet, looting spree. Where were your “Economist” when they were appointed. Continue to make jest of yourself.

      • Burbank

        Gbam

      • Screw-em

        To the Economist, if you are not an economic saboteur or Hit-man/woman, you are not recognized as a legitimate thief. The magazine collate or gather potential criminals all over the world trained solely to destroy emerging third world economies.

    • Mentor

      Adeosun’s job is principally to generate internal revenue and she is focussing squarely on this, unlike your NOI that neglected her principal duty and was busy coordinating corruption and looting!

      • Very Proud Oily IZON Redeemer

        Which revenue is she supposed to generate–from the non oil sector–apart from our traditional base–asking government agencies to return money to CBN does not generate revenue-ONLY ONLY DOES FOR REMITA—–Nigeria depends on crude oil from the SS for survival–that is where abacha stole my money from

    • Oladosu Joseph

      I’m 100% sure that you are also another product of the Baby factory from the South East. lol

  • PolyGon2013

    Sai Adeosun.

    • Otile

      Sai Imam Buhari for defeating Boko Haram last September.

      • Burbank

        Sai Baba for defeating GEJ last March.

        • Otile

          Don’t say sai to your baba for discriminating against my people in federal jobs.

          • Burbank

            Which people?
            British? Or German?

          • Otile

            You know what I am talking about, don’t play the ostrich.

          • Screw-em

            Oga @ Otile, the last time i checked the foreign, state minister( Petroleum) and the CBN governor are said to be from the core Awusa states?

          • Screw-em

            Oga @ Otile, the last time i checked the foreign, state minister( Petroleum) and the CBN governor are said to be from the core Awusa states. To you, if MDA’s are not manned by your concocted view of biafrans, nothing constructive will emerge from it……..lol

    • kuli

      Ngozi madam elete kpomo nko?

  • Mephistoheles

    Too much sad news. We go instead to a ‘not-so-sad’ story of the young man visiting his in-laws to be for the first time.
    Unfortunately for him, the night before, he single handedly demolished a whole pot of beans (Ewa Agonyi),

    At the in-laws edifice-like-home, the repercussions of his dinner the night before caught up with him. He wanted to release but knew it won’t favor him, so he held it in for as long as he could.

    Thankfully, the dog of the house (Bingo) took a liking to our friend and sat at his feet. Meanwhile, our friend could not hold it any longer so he released what he thought was going to be a silent missile. Instead, it was a loud ‘Pbrrrrouuuu!.

    Of course our friend (at this time) was wishing the ground would open up and swallow him for messing up.
    To his surprise, his mother in-law to-be, seemingly thought it was Bingo that let one loose. SHe cautioned the dog with a stern.”BINGO!”

    Our friend could not believe his good fortune and since the dog was still at his feet, he decided to release the pressure by farting several times. If the woman blamed the dog for the first one, she will probably do the same for the others, so he proceeded…and true to his logic, . his mother-inlaw-to-be blamed the dog all four times, shouting “Bingo” each time!

    By now, our friend just had to do it one more time and he would be home free, so he went ahead and released a fart that went,”‘Pbrrrrrrrrouuuu!………

    The mother-in-law-to-be looked at her dog and yelled at it .” BINGO! BINGO! …..COMOT FROM THERE BEFORE THE MAN SHIT FOR Ya HEAD!!”

    • Naijawehail

      Abeg thanks for that.

      • Mephistoheles

        no! thank you sir!
        Every reasonable person knows too much sad news can ruin your day
        We are happy to have put a smile on your face (despite the fact that it is an old joke)

  • Man_Enough

    Even self funded agencies should maintain an approved budget and strictly abide by it. 75% is still an open cheque.

  • Rommel

    We are gradually understanding why Nigeria has refused to fly

  • Very Proud Oily IZON Redeemer

    Adeosun, Nigeria’s finance minister, is poorly qualified to manage the country’s economy, according to English newspaper, The Economist.

    In its review of President Muhammadu Buhari’s ministers, the newspaper described Okechukwu Enelamah, the minister for trade and investment, as “a respected businessman”, but noted that he “may lack the clout to stand up to the president”.

    “Africa’s biggest economy, which relies on oil for 70% of its revenue, is sputtering as prices fall. Economic policy has been adrift since Mr Buhari came to power, and investors complain about the central bank’s use of trade controls and import restrictions,” The Economist said. That is why she is trying to introduce these kokoma policies that will enrich REMITA for APC ati Buhari-Yeye dey smell for Nigeria and her dwindling economy

    • Oladosu Joseph

      What about your Anty Okonjo Iweala that is Highly/ Over Qualify with the Best certificate in the world to be a Minister of the Federal republic but what does she achieve despite the price of Oil been stable over $100 under her watch they all collides together to wreck Nigeria Economy, Now we are in a serious mess.

  • Adeyemi Adetuyi,

    Adeyemi Adetuyi, Abuja:

    **a man that stole $2.8billion in 1978 as NNPC Fed commissioner.
    **Buhari advised Muslims not to vote any Christian candidate.
    **as PTF Chairman, Buhari embezzled billions of Naira through over-invoicing of supplies & the supply of fake & expired drugs to hospitals

    Which Buhari is clean? It is only in Nigeria that a man who embezzled $2.8 billion NNPC money while he was Federal Commissioner of Petroleum in 1978 will be described as disciplined, isn’t it? “It is only in Nigeria that a man who led the criminal overthrow of a democratically elected government in 1984 would later wish to benefit from the same democracy.

    “It is only in Nigeria that the man who, as Head of State, allowed 56 illegal suitcases of currency notes into the country through his ADC unchecked when there was currency change by his own government in the country at the time would be described as a man of his words. “It is only in Nigeria that the man who enacted RETROACTIVE DECREES and used them to murder Lawal Ojuolape, Bartholomew Owoh and Bernard Ogedengbe would be promoted as being better than others.

    • THE SOURCE

      BRITISH Parliament Calls For Biafran Independence To Avert the Repetition of the Holocaust of the 1940s.
      They (Foreign Committee) argued the Nigerian Government to Release Nnamdi Kanu and Conduct a Referendum For Biafra..

    • Damilola

      One thing have been giving me joy all this time, that is the fact that the truth no matter how far would definitely find its way out. The man just did himself a great rot by exposing himself at this time. I can say clearly without a single doubt that Buhari is a complete irony of what his supporters and party painted him. History shall remember him as the most deceitful and cunning conman to ever rule this zoo of ours. In fact writing a whole book on this mallam would be an interesting work, but such must be of international level. I’m really thinking of that

  • Babatunde Ogunsanya

    Hmmmmmm… The Era of impunity is over…

  • bib

    Yes! Change is being established!