The Chairman of the committee, Adeola Olamilekan, made the demand on Tuesday at a session with the, Idris Ahmed, on the dwindling status of the Excess Crude Account.
A report released by the International Monetary Fund in April 2019 ranked Nigeria the second-worst in the world in the management of sovereign wealth funds. The AGF explained that the expenditure was with the backing of the National Economic Council chaired by Vice President Yemi Osinbajo. The AGF also said that another $1.9 billion was taken from the ECA as Paris Club refund to some states.
“The highest excess inflow of the sum of $17.344 billion was recorded in 2008 while the lowest excess inflow of the sum of $0.276 million was recorded in 2015. The account chief, however, said that N493 billion has been released for personnel cost, while N59.77 billion was released for consolidated pension and N46.6 billion for overhead cost while only N20.76 billion for capital supplementation.
Now, it is finally confirmed publicly that the Nigerian government under MBuhari is the head of corruption.
NGRPresident NGRSenate MBuhari ProfOsinbajo DrAhmadLawan femigbaja knows Nigeria is finished, many are cashing out for families. So they could remain elites when the middle class finally falls to the poor class, and i dont know where the poor class will move to.
ayemojubar I watched the Accountant General yesterday, on T.V He couldn't defend withdrawals from the ECA, what makes it worse is that he didn't know the name of the lawyer nor the amount the lawyer was paid, he was asking his staff for the details during the hearing, how do you do that?
In today Nigeria, everybody is a fraudster... Including the lawyers whom we look up to for the prosecution of fraud.
Meaning that their Keyamo is not even a lawyer. 😂😂😂
Fraudsters
HEYEYO come and carry your handlers....... By the time they're over, water go pass Garri'!
It is a sanctionable professional misconduct for a lawyer to charge or collect an illegal or clearly excessive fee. R. 28(2) of RPC We must fix this society, and it must start from lawyers who connive with the ruling class to drain our collective resources.
How can they be successful on fighting corruption when it's already on them? Reason why different things keep happening. 'True to the old adage that ‘absolute power corrupts absolutely'
You will have to pay the lawyer that facilitated the release of funds from Paris club. That's business.
Hmmmm
If you believe the lawyer got all the $4m then you dont know this country. They just used the guy to siphon money and we ARE FIGHTING CORRUPTION
ayemojubar $4 million to consult what? Is he consulting the gods?
They paid the lawyer to share the money amongst themselves.
ARE THEY CONSULTING ANCESTORS ?
The mgrs of ECA should be arrested and interrogated and prosecuted if indicted
What?😳A whole $4 million dollars? chineke na pu ekwensu ike! That is N1,440,000,000 for what? Consulting their forefathers?
Lmao..... What a zoo. Who's fooling who in this zoo tho?
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ECA: Nigerian govt pays lawyer $4 million 'consultancy fee'; Senates wants identity of recipientThe Senate Committee on Finance has demanded the identity of lawyer paid $4 million from the Excess Crude Account as a consultancy fee. Incorruptible got a whole new meaning. Malami has sold Nigeria to himself Why looking for the lawyer? Governors pay more than that to buy elections or obtain injunction. The lawyers to the politicians are very well known. You can start from there
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