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Showing posts with label Dr Ngozi Okonjo-Iweala. Show all posts
Showing posts with label Dr Ngozi Okonjo-Iweala. Show all posts

Sunday, 13 July 2014

CNPP PRESS STATEMENT: "Senate Retroactive Supplementary Recommendation: Unconstitutional"

The Senate Report on the missing $49.8 billion Crude Oil Sales Revenue that recommended, 'that President Goodluck Jonathan should prepare and present to the National Assembly, a supplementary budget to cover the sum of N90.693 billion for PMS subsidy for 2012 and the sum of N685.919 billion for kerosene subsidy expended without appropriation by the National Assembly', is unconstitutional, less than transparent as the expenditure of any amount without appropriation is an impeachable offense.

The Conference of Nigerian Political Parties (CNPP) had read from page to page and could not locate the section that mandated the Senate to make such unconstitutional and fraudulent recommendation; for Section 81 of the 1999 Constitution of the Federal Republic of Nigeria as amended only stipulates in Section 81 that, 'The President shall cause to be prepared and laid before each of the House of the National Assembly at any time in each financial year estimates of the revenues and expenditure of the Federation for the next following financial year'. Not years after and to cover fraud.