Coronavirus: FG seeks NASS approval for N500bn intervention fund

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The Federal Government through the Ministry of Finance on Saturday reached out to the National Assembly to intimate it with an Executive Proposal to establish a N500 billion COVID-19 Crisis Interventi

on Fund.

The meeting was also attended by the Deputy Senate President, Ovie Omo-Agege; Deputy Speaker, Idris Wase, and some other principal officers from both chambers. “This Fund, that we are proposing, that should be created, will involve mopping up resources from various special accounts that the government, as well as the Federation, have, to be able to pull this N500billion.

“We know that there will be a need for the parliament to agree and approve the taking of loans from these special accounts and we will be coming back with a proposed bill in that regard that will define what the fund will be used for.” In his remarks, the Senate President said the meeting was in fulfilment of an earlier promise to provide support as the need arises in this time of crisis.

 

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Ogun lo mapa gbogbo yin danu

Weldone. It's only figures wer seeing. Where is the impact of all the figures. Who knows if it's all cooked. Your barns are full. Ppl r hungry and begging. Cater for the common Nigerians citizen. This is not how they decorate headline with big figures abroad. Have feelings.

scam. pay npower_ng stipends

Another avenue to looting

Ndioshi

How will all nigerian benefit from this? Because we've been hearing all these before,why no body knows where the money goes to.

Breakfast, Lunch, Dinner served at once

So the can share 1 indomie noodles, 2 onion bulbs, 50 salt and 2 cubes of Maggi. Nigeria forever. 🙅🙅🙅

This same FG can't raise intervention fund for the federal universities and put an end to ASUU's perennial strike. We all know that the large chunk of the money is going to private pockets of politicians and their cronies, hence the concern and haste for seeking an approval.

Use that money to build refinery

And yet Jonathan, Diezani and co were tagged as corrupt. I wonder what the next government will call this one

But they keep begging for ventilators abi? They won't seek approval for funds to build hospitals

Remain to seek approval to sell Nigeria 🇳🇬

But where is this money coming from after saying that Nigeria is broke.

Another avenue to siphon our money. The ones they claim to share, we no see. Story_Story Our National Assembly will approve this money as anything that concern this pandemic is taken seriously all over the world. But it's unfortunate they won't check how the fund is used

The current released one we didn't feel any impact

Why does this man MBuhari want to finish this country before leaving? He appointed dummies, babies, looters, useless politicians, brainless fellows into critical agencies, ministries and went to sleep. I just wonder why this guys want to loot their own country at this time.

Kikikikikiki mtcheeew

That is too much,what did they want to use that can amount of money for,what about all does money donate by top top people and company in this country contribute for them,what did they use it for

Crooks

To pave way for snakes & monkeys to swallow money once again. What a corrupt govt ! This govt stinks.

This will enable u to distribute 4 loaves of bread as it was done in Agege, Lagos this morning as covi-19 intervention measure, continue God is coming with His judgement.

Every angle , every opportunity they see is to syphon our money.

Them still dey invoke the ogun way go kill some people

Thieves

This country called nigeria is a joke

🙉

The 19.5bn you guys haven't used it or told us how you'll use it. And now you're planning for a whopping500bn, seriously I don't get this kinda people in power .

Have the FG finish spending all the donations?🤯

Typical. Just throw money to problems. SMH.

Covid19, is Nigeria’s new security vote. These guys will empty the country’s treasury and still will not solve any problem

What exactly do they have to achieve with the money?

The rubber stamp senate will approval speedily coz Ghana must go will go around after that.

Best way for govt officials to steal money in Nigeria? Create/allow an emergency situation and then open the financial taps in a bid to quench the emergency. What better time to steal than in the unaccountable, fuzzy, urgentness of emergency spending?

Thieves! Opportunists!

This is Nigeria....

N500 bn like say na cup of beans. Na wah!!

Arrangee stealing!

Slush funds.

2178897727 Zenith bank

This is how they should be funded not donations

This is so annoying, so now FG can seeks approval from NASS for intervention fund, where are all the money donated used for? This country nah scam

Every problem money is all they think about that must be thrown at it

Covik 419

Bloodie thieves.

I have a concern with this borrowings. Inappropriate application, poor management, and of course embezzlement yet the purpose will not be achieved. I wish that borrowing this money will not leave Nigeria worse than she was before

Use the whole treasury the country will start all over

FG we are sorry for asking please we don't need intervention again. This is crucial looting. Tomorrow they will say we should allow women to rule in governance this woman is a federal Ole

Wicked World

Awọn werey ....

CoronaCashout!

Owo wogbo😂

Again? I don't think this people pray Nigeria should come out of this sh*t

Politics at everytime in Nigeria. Covid19 has turn to money looting virus

500bn ke What happened to all the billions donated by all Nigerian billionares

What about the billions of Naira donations received?

500 billion naira? 🙆‍♂️

Ah!!...With all the money given them ..smh😨😨 this so called politicians will not make heaven.

Abeg send me 10k make I eat first please 0021795083 stanbic bank

Day light robbery.

How can we survive in this country

All is well

officialEFCC this is the best time to work oooooo go and put eyes oooooo so that there will be no stories tomorrow officialEFCC

Scam in the highest order

Are you sure this fund is not strictly for the poor Northerners again?

Borrowing that doesn’t reflect on citizens. We are fed up. With this kind of borrowing,the international communities will 1 day seize Nigeria as a collateral asset. Morealso, be rest assured that the nxt govt gonna make arrest, not on weapons money,but on Covid 19 funds. It’s 9ja

FG approved 500bn for Aluta

What is the 500bn for? To treat 210 infected persons or to loot?

Federal government seeking for new loan / while every country fighting to survived global Corona problem . since government shut down all project use the money for the problem at hand , because no rightful country will give loan to Nigeria, as Nigeria is falling to breakup

SHOMOPE Some are using this medium to embezzled.

Such Huge amount of money...... Intervention fund..god punish FG .make I no talk 🤫🤫

Even with all their looting still non is more wealthy than Bill Gates. N500b

The national coffers must be empty by now due to massive looting by this government They've emptied the nation's treasury for there selfish interest . The rulling party, APC, ha finished this country. I smell recession.

I think common Nigerians should be able to die for their coming generation if we can act bravery....... Nonsense of higher level

Another loot coming tru

The thieves will want to take their cut from it before they give approval

It is a good idea that is necessary to this current situation but will later have the economic implications in the area of the following: 1, high Inflation 2, Devaluation of our Naira

Jesu this tin has turn to fraud ooh

How did I get to this country

500billion and we are 200million in nigeria only 210 don dey contacted ooo if na thousand of us we go need like 200trillion

Are we going to share this money or is it for looting?

FG and NASS are the same. Which approval do you need again

They have made corona virus a Business center. Corona virus don opened another way of stealing our money again. The donated money has been swallowed by snake and request for another money that Monkey will swallowed. God dey o.

Ole! Yebuzo! Ino! Neyip! Thief! Yahoo yahoo! Scammers! Rogues! Criminals!

Jesu! N500M? 🤑🤑🤑

Is the 19.4 bn not enough? Can they account for the ones spent?

We budgeted 52 billion initially, we have 19 billion from donors are confirmed by cbn.. 19+52 billion=71 billion. Demanding for extra 500 billion is not bad, but using it to do what it's mapped out for is the issue. Whatever u do, remember dt a barrel of oil is now 28 dollars.

FG seem not to get tired of borrowing. We citizens are tired for it’s not reflecting on us. Stop this bull shit and work on your internal revenue

500bn for what 😠😡😡 all thiefs

The first one was testing testing the mic...Now let the festival of L**ting begin. No fighting for center. No tribalism, No Nepotism, No Mercy... All will be One Nigeria in this together L**ting it dry.

This coronavirus go just make Nigerian politicians increase their looting income

Kilode bayi

Looting spree continues... How did we get here

They are sick, are we suppose to be on the level of seeking and approving intervention fund at this critical time.

We already have N19Bn from donations. FG asking for N480Bn?

Money for what..... we are here again 🤨

Wicked world

Hope FG will be able to account for it if approved

Na today?

500bn nawa oo

N500bn for what nitori Olorun...

The heading should be changed to FG seeks NASS Approval For N500bn as imminent mass looting

This is actually what they want to embezzle money 500bn nd ur citizens re suffrering God will judge u all

All this Money.. And you're distributing a Congo of Rice and Garri. Nigeria my Country

THE BIG QUESTION IS, WILL THE FUNDS BE PROPERLY UTILIZED OR WILL SOME DEMONIC BEINGS HIDE UNDER THE GUISE OF FIGHTING CORONAVIRUS AND JUST LOOT THE FUNDS BETWEEN THEMSELVES!!!!

Intervention fund for what again?...Everything is monetized in a bid to loot

Money Heist season 5

They have started o...

What are they going to do with the money? They are yet to give us details how COVID 19 donations was spent

Is good to stick together 😍😍 Hit that👉👉 follow and see how fast I'll follow back 🔙 🔙

😳 !!!!

So you can squander it again...continue 😖😖

Intervention fund intervention fund please oooooo where are they intervening it?

After sharing the donations you got from wealthy Nigerians amongst yourselves in the guise of giving it to poor Nigerian's.Ndi ori

With all the donations 😨😨 This ppl don't even have the tiniest fear of God.

Scammers

Ha

Oluwa ooo! More looting planned? Make una fear God nau!

Where are the donations made to FG ?

Opportunity to loot don come

u people no dey do give away! What is your CSR during this Covid19. Leave FG.

Money no dey belleful these people at all

To what extent🤷🏾‍♂️

Sorry I mean 1.19trillion donated by good Samaritans in Nigeria

let him first give account of the 1.19billion donated by good Samaritans

Another monumental loot is about to occur. 2020 money heist.

They should just sell this country to US and give all of us our shares cause one day you will just wake up and see that federal government has loan out the country cbn

This govt is a joke, buhari you are a failure

We have around 500 NASS legislators and probably a 100 heads from the 'FG'. When the approvals are given, each person goes with about 800m...Nigeria my country

Na we Nigerian go fight for our right .na we Nigerian go deliver our self from this bad and wicked set of people but i pray b4 that time come , May all of them have a problem that will be bigger than all the money the are steal ... Amen 💯

Haha you people should fear God o you are just playing with people live here.

When looters are in power, it doesn't matter the type of integrity they claim, they must still public funds under the guise of one project or another.

I’m tired of Nigeria 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

The wrath of the Lord is in the house of a thief....kwantinu

This is sad. They don't want to help the poor masses feed on this lockdown but have 500billion intervention fund.

They have tried us with sharing 3bn naira in 48 hours and nobody questioned, now the real looting. Who do us, abi na mumu be this

Mogbe 😭😩 God when?! 😭😭

officialEFCC will have a lot of work to do after stemming this scourge.

Ṣe awọn people yi oni finish Nigeria bayi 🤔🤔🤔

CoronaCashOut for our corrupt leaders!

Looters

Where will the money come from? Criminals

N500b for what?

See the kind of money this men de call. We are really doomed in this country. 500 billion. 🙆‍♂️🙆‍♂️🙆‍♂️🙆‍♂️🙆‍♂️

No be Una vote for them?

Is that not too small for you all to share, please make it N500trillion.

Have you guys finished sharing the donations made? It means the senators didn't have their share and have to add more so they have theirs right?

When the righteous man is power, people rejoice but if the wicked man in power the people suffer

Once again

Useless federal government

They will sink this country before coronavirus is finished

Ewooo waiting I de see ehh before bubu go finish him tenure, naija go don over dry. If care is not taking, Nigeria will be privatized to the highest bidder. Colonial era is coming back. My prophecy.

Leave COVID-19. Equip the hospitals you've all abandoned.. Pensioners are suffering! Policemen are poorly paid, no electricity, no good road, not even ASSU have been paid, no portable water supply. But social injustice & insecurities everywhere. You these fraudsters in disguise!

Hmmm, hope it will reach everyone

Spending, I dey see your hand o

A looter continua! Awon werey!

I first know say this FG go still use this Coro scam Naija people 🙄

So that they have more to load in their pockets! Look at the money they claim to be sharing how many persons have gotten it. Crooks

We all keep complaining like this, when are we going to fight them and chased them out?

This present government want to drain Nigeria economy because they are still confused how 2023 will end up. Senate president, Speaker FHA both are the tools set up for this agenda, It's quite unfortunate we have such fools as our leaders, but Nigerians will never forget APC

We have dis kinda money and the state of this country is like this bah? Tell us what the money is for gan gan biko🙄

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Oshi

Yahoo Government 🤣🤣🤣🤣 Another 500b 🙆 This is what they Call Broad Day Light Robbery. No wahala oo, They Should Just Try And Do GIVE AWAY Before They Exhaust The Money.. Criminals..

Is NASS not part of FG?. Say Executive seek Parliament....It's better

Major scam🏃🏃🏃🏃

This woman

Looting Avenue. Bonboclaats!

Set awon 500 Hennessy 1 man geng!

I don’t understand this request

Ndi ori a abiakwa

I hope EFCC is getting ready.. I smell a rat. Nigerian politicians and money.........

It shld be shared to all citizens with bvn number

See them

N500bn for what? Why?

the game have started Gbam! An oppotunity for few lto loot the country again.may God save niaja

Chaii..Look at their Fat heads,thieves In civil form.Shananighans,shameless and corrupt..No civility or patrotism on their part.Using this as a medium to steal,What about the funds banks disbursed,oh is exhusted.I pray this Pandemic hit them hard..

Another 500billion for sharing between themselves. Wicked criminals using corona virus to enrich themselves at the detriment of the poor mass.

AhmadFaarouQ The government are the real scammers in Nigeria

500bn intervention fund to do what ..? Hw many corona virus is in Nigeria? The hunger in town now is more effective than corona virus itself .. let them share money bi’ko..

Chaii..Look at their Fat heads,thieves I civil form.Shananighans,shameless and corrupt..No civility or parotism on their part.Using this as a medium to steal,What about the funds banks disbursed,oh is exhusted.I pray this Pandemic hit them hard..

They yaf spentit already!

Another looting time ahead. This one is going to be worse than Dansuki Gate

Really? 🤦🏿‍♂️

Yahoo boys and girls everywhere....Have you used all the Billions contributions and CBN Covid 19 fund etc..

This is coming from my heart cus I’m really pained, if we don’t start now to question these people and to fight for our rights as citizens. In how years to come this country will be in total shambles

What intervention dat will require 500 billion naira..Sorry to say but I don’t think federal government knows wat they are doing, all I see everyday is the federal government trying to put this country in abject poverty

MBuhari APCNigeria segalink These people thought the world is coming to an end, they rather share public fund before it's over.

Abeg quick approval is needed

So much BS from this FG, oh God we need a total wipeout or reset any would suffice.

They couldn't get the 500bn to fix Nta, they had to use COVID19 to get the money. Wawu, just wawu.

Set awon Sinzu

Thief God will punish all of you

Despite several donations from local and international entities. No break down on daily expenses before FG going for 500bn unquestionable loan. Are we not in trouble in this country?

For what again ?

The hour has come to loot Nigeria's treasury and now is the time.

Nigeria is the only country we have. please do not loot our treasury, and also remember the day of real accountability will come sooner rather than later.

Spendinggggg

Best time to start stealing ...shameless set of thieves

Government full of Gehazi's ...you guys should be careful so you dont get leprosy !

Haaaaaa.. Thief oooh

😂😂😂🤣 Jacuzzi!!!!

Intervention 😭😭😭😭😭

Are they trying to heal the world

Always remember from dust we are, onto dust we shall return

Flexing money!

These people even dey see our comments and replys

Nah everyday FG seek FG seek where all this money dey go self 🤔🚶‍♂️

doris8887 No give am oo abeg 🙌 they will share it among themselves..ppl that could shared 5Billion in just 2days but me with my family and friends no see any money.. abeg no worry I will manage till d end of d lockdown..

Yahoo Yahoo Government.

Wait ooo. Total people in Nigeria isn't 5billion plus how many people don get d virus. Politicians always looking for a new way to move money.

I have never seen a government that loot in preparation of election like OfficialAPCNg.

I am in support of this found

I don't want APC to win 2023 election I want another party to win it, dis administration need to be probe

Nigeria is doomed finally

License to loot activated.

Sincerely, we just have wicked set of leaders.. What do you want to do with those donations? God will judge you people before you leave this world.

Criminals

Pls oh Punch Newspaper this will further aggravated people. Pass all these kind of news abeg make people no go vex run mad for house. 🙄

Chai. Another money to loot. This administration's tenure will end one day

Yahoo yahoo government

Some people don chop for dis Koro something o 😀

Greed indeed is a grave sin.

500 billion chai

WON FE CASH OUT LORI COVIK-19

You would think that the effect of the stay at home will trickle down to some surplus that'll be used to equip power or hospitals on a large scale but no, they'll do there possibly best to share it before all this blows off

They got money for disease but can’t feed the poor?

Hey! This government and them urchins handling it will ruin this country for centuries

Every Avenue is to milk money by these fools in power ...

N500bn for what exactly please? To treat the people that are positive or to get them food? Because apparently, the money isn't for well being citizens. Another way to loot I presumed. Now, what's the plight of the people that ve donated billions of Naira on this? What a country!

Every country is doing this,lemme see how they intend to spend this intervention fund before criticising or not,other countries actually share this money to suffering citizens and businesses

500billion ehn...Am sure they wont use up to 50billion in combating covid 19..

Okayyyyyyyyyyyy

Taking advantage of Coronavirus to Loot our common wealth

These government is just a criminal affairs. May God help us in Nigeria. This will crip the same economy they are trying to protect

What about the money donated by good spirited Nigerians/Corporations?

How many billions of naira are the FG going to use & fight Covid19? What happened to the donations worth billions of naira made by top business moguls? We haven't even achieved anything significant in the fight yet the FG keep sorting out for more money. Recession isn't far away.

500 what?

The thunder of looting has been deafening in Nigeria ,talk more of now that there is a tangible reason to add dumb to it. Now my corona-phobia is where we will discover our country after the pandemic. This corona virus is a world class detractor.

500billion what What about all the donations

Is it the one they'll share to the public or amongst themselves?

N500BN FOR WETIN? Opportunity to loot Nigeria treasure don come....they want to finish us. After the coronavirus they will seek another N500bn to repair what coronavirus damages. Nigeria! Nigeria!! Nigeria!!! Where are we going?

When is Nigeria going to be better someone should tell me 500b for what abeg una be thief

Ah ah ah ah! Watin I dey see so?

Oluwa wetin dey play 🙄

Plenty money to chop!!!!! Oya now

IkudayisiJ Barao

These guys are criminals

More of the Virus to Come.

May God punish all these BadLeaders on time before its too late. Wicked Looters FailedGovt?

Looting galore

Story for the gods

Till Jesus will come back I don't 9ja Govt can change

The time is HERE! Our MONEY😂

This country is a joke, so the 200billion donated is exhausted? Now 500billion? So the 700billion is FOR Keep mentioning the billion like it is in millions

Upon all the donations. This country sha. Keep sharing the National cake, but remember it won't last

Haba!! They av started again

iam_chyderah Our politicians just want to finish this country. Hope they know that no one takes money along after death

No no 🙌🙌🙌🙌🙌 Please we don't want the money again.. 😭😭😭😭 please...

I can confidently bet my two balls that 80% of this money will end up in the accounts of some individuals. Is it not Nigeria again? Abeg makai go peel yam for backyard

lol, omo scamming is loading

500 billi bcos we recorded 200+ cases? No problem oooo

Sinzu money

Does this include the sit at home allowance?

We don't need N500bn. You people that shared N50b amongst yourselves within 48 hours without banking system? You people want to steal the money. OOole. Thieves. nassnigeria NGRSenate OfficialPDPNig Sadiya_farouq FMHDSD atiku

See Mass looting o Chai. This one don dey pass security vote o. Where the N1.1 trn released by CBN ealier for intervention excluding the recent monetary donations?

Time to seriously loot

You people should fear God na....ahhhhhh

In my next world I will never be a Nigerian. Most of our leaders are Criminals, thieves, blind, wicked and vision less. They will never make heaven.

Corruption Grade1... Set awon Lie Mohammed

🙄😠

All these money must be accounted for officialEFCC , eagle eyes

Looting spree on top Coronavirus. Endless Nextlevel looting has been activated.

By the time we overcome corona, recession will welcome us fully.

How will the money move ? Don’t approve money for some people to buy more mansions outside rather let them detail how it will be used before approval and NASS should monitor. Forgive me for asking dog to look after meat. Every organ in Nig is Fantastically Corrupt & you know it

I pray this morning is not approved ooo cos we go just hear about the money and eee go end there anything that happen after na them sabi oloun ngbo Nigeria needs a super hero

500billion for what..... This people na thief

Where is this country going for God sake, why can't God kill all of us,this is madness pls

What a country

Looting continues

Weere people promised 30k ......and we haven't seen any

Na WA ooo

Hmmm more state will now announce that they have many victims of Coronavirus.mark my word.

E don happen i don tell am

D ram that will eat that money is opposite mobile filling station Gbagada Estate Lagos.

This is crazy, make una pity us na

This is just a tip of the iceberg. By the time coro go you will that they spent 3 trillion naira or more than. New format to embezzle.

N500bn for looting

Funny government and l wish adeosun is still the finance minister cos she would done better

This people don't have sense at all, they just want to empty this country by all means

Stop deceiving the masses....

These people will find every reason to steal from our treasury. What a set of irresponsible people we have as leaders.

Another looting loading 👆 well-done guys 👏

This is too much nan, thus is total nonsense NGRPresident HouseNGR NGRSenate

Before seeking the approval of 500b, a lots of people hve contribution, and we yet to see even a sachet of salt . Naina😲😲😲

❤️Let's make things right and easy 👍 Follow I follow back asap 🙏❤️

Haas, you people should fear God na.

Yio ma leyin yio ma leyin, oro yii yio ma leyin ajantiele. Awon eleyi kan ya owo lo ni sha. Hmmm .. Federal government of borrow do.

What of the money Nigerian entrepreneurs Contributed? This is the time to empty our treasury again.... God will judge una....

Even the country where this virus came from , did not do a thing Like this.... Any body who steal from the money will never escape the novel COVID-19 AMEN

Please guys don't use any imported face mask 😷make sure you test it first is better to use your clothes to protect yourself than rather die because of face mask 😷

Upon all the once they donated, then don chop that one finish na this one remain

Hmmm is u people time eat the money no be only coroanrius

Another looting scandal

Check my post on and see what is happening in Rivers State ooo

N500bn intervention for less than 220 cases? So Nigeria has N500bn to spend and our health care delivery is in shambles?

This money dey fall out but e no dey enter masses account. What dey happen?

We're just hearing much about all these cash, yet...

So una get this money for hand and una no fit tell cbn to credit our account through our bvn. Una no get human feeling......

500b again...but why na..are we playing politics with out health sector or what. Am sure some will use this opportunity as cash out time...all is well.remember we all came to this world with nothing and we die with nothing..

Where is the money going to please useless people.

Y'all just looking for every opportunity to suck us dry aren't you? 🙄 🤦

Give NASS to do what...FG fails to provide little food for the masses....you people should stop that rubbish....

This people don finish our money ooo

Confirm! Time to loot our treasury dry

Seems these people think we are a joke to them.

Paper 📝 yahoo another money to share 🙈🙈🙈🙈🙈🙈

This king money dey and dey no fit give people to buy food

Follow EgbelekeMuhamm1

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