Showing posts with label Treasury Single Account. Show all posts
Showing posts with label Treasury Single Account. Show all posts

Monday, May 30, 2016

President Buhari's Federal Excuses Council (FEC)

By Reno Omokri

On January 22, 2016, I tweeted a joke which went viral. I had said that at meetings of the Federal Executive Council, the minister of information, Alhaji Lai Mohammed, would address members and say 'turn to your neighbour and say, neighbour have you blamed Jonathan today'!
Yes, it was a joke, but like most good jokes, it had and still has a basis in reality!

The President and his ministers appear ill prepared for office and the evidence of this is their inability to take responsibility for the situation of things in Nigeria.
*Buhari 

Was it not John Burroughs who said "a man can fail many times, but he isn't a failure until he begins to blame somebody else"?

Those words should be embossed on a plaque and placed in a very prominent location at the Council Chambers of the Presidential Villa.

Seeing this admonition weekly may help members of the Federal Executive Council take responsibility and stop acting the victim.

For example, Nigerians were shocked when the minister of Information, Alhaji Lai Mohammed, said in December of 2015 that the Jonathan administration, which had left office six months ago, was responsible for the biting fuel scarcity the nation was and still is grappling with.

That statement by Mr. Lai Mohammed is a classic case of psychological projection (a psychological disorder characterized by a patient defending himself against his own unpleasant realities by denying the existence of the reality while at the same time blaming another for it).

And it gets worse. It is bad enough that this administration refuses to take responsibility for its own failures, it also wants to take credit for the success of others.

In a treatise bothering on megalomania, the publicity and communications team of President Buhari's office claimed the implementation of the Treasury Single Account (AKA TSA) as the major achievement of the first 365 days of the Buhari administration.

But for a government that prides itself on anti-corruption, that statement, fraudulent as it is, is dishonest and 'fantastically corrupt'!

First of all, the Treasury Single Account WAS NOT an idea of the Buhari administration and secondly the present government DID NOT initiate its implementation.

The TSA was conceived by the Jonathan administration and there was to be a staggered implementation because from an expert point of view, it was thought that if all Federal Government funds were suddenly pulled out of the commercial banking sector in one fell swoop, the shock on that sector would be so immense that it would trigger job losses and perhaps bank failures. It was thought that a gradual implementation would allow banks recover such that the baby would not be thrown out with the bath water.