FG spends N1tn, $3m solid minerals fund on elections, drainage

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THE Federal Government may have turned the over N1tn Natural Minerals Resources Fund set up to develop the solid minerals sector to a ‘slush’ fund, investigations by Sunday PUNCH have revealed.

The government also spent N4bn on roads, school rehabilitation social intervention programmes in Osun State in July, 2017; N4bn on markets, drainage, and parking lots in Kano in 2017.

“Payment of N1.575,250,000 entitlement of outgoing President and Vice President, May 28, 2015; N3bn payment to the Federal Capital Territory Administration to meet the critical end of administration payments, July 8, 2015; N5bn given to the Office of the National Security Adviser in July 2015 to execute capital projects, July 14, 2015; N1.1bn payment to the FCTA to meet the critical end of administration payments, September 4, 2015.

It also revealed that N15bn was paid to Lucius Nwosu , as payment for judgment creditor in respect of genocide at Odi in kolokuma Local Government Area, Bayelsa State. The report signed by the committee chairman, Adamu Kamale and the clerk, Ajibade Oyebimpe, recommended that “the National Assembly should put in place all necessary measures to recover the sum of N738.7bn plus $3m disbursed from 2002-2019 from the Development of Natural Resources Fund.’’

 

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If they're business minded people, would they spend their money like that? We have Evil people in leadership. Awon Apa to ti Papa wa.

So una don dey share the money for 2023 for early 2022 olobuku ni yin

But come o.... If Nigeria spends trillions on drainage.... And we still don't see anything.... Abeg make me the minister for drainage and roads for 1 year... You will see the difference..... Cuz I don't understand this our government

Haven't read the post but I think Nigerian elections are a drainage system

This woman!

Why this beautiful ladies relegated to only where spending is involve? Is there no ministry they can lead like tech? Whenever they appear on twitter, just know that money has been spent! Also with disaster minister!

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Such funds spent only on election and drainage .so how much una spend for electricity radarada

Drainage ke. Madam, make una fear God o. The land will ask u all where you have drained the resources of this country. Abeg wetin una drain self? Balant lies. Truly what a man can do a woman can do best.

That's nice

Finance woman .u are give us useless language since u be coming minister.only God will judge u.ur children are leaving better

Let's pray

This is a replica of how fund in the excess crude account was spent. Not perturbed one bit though when the system including the 1999 constitution don't support proactive savings.

Ah!

May God punish y'all

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Na why Nigeria no fit better again be this

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