Indices of Corruption! By KEMKA S. IBEJI

Please fellow compatriots and especially the professionals in the house, can any organized institution run without a budget?

Is it right for any institution to make expenses or appropriations beyond and outside the budget of such such institution?

How do we explain expenditure beyond the budget of an organisation, institution or government in a fiscal year?

Now why do I ask these questions above and why it is important that I get your answers to them?

The Federal Government of Nigeria keeps making annual budgets which are turned into law by the processes of the legislature. These budgets have their sources of funding with benchmarks especially from the Crude Oil which is, as we are made to believe, the major source of funds for the country.

Most of the time, these benchmarks are overshot and we have excesses. Whenever there is downward shift in the price of the Crude Oil, the budget will be rebased. Yes! But in recent times as in many years of our experience, we have not had any reason to cut down because we have always had an average that covers up accordingly.

Now to my point.

Why does the Federal Government still go on borrowing spree even when the budget has provided for the year? Where do the excesses from the loans go to? How does the budget take consideration of these loans?

If these loans are in excess of the fiscal budget of the country for the year, and they are spent outside the legally approved financial appropriation of the year, is that corruption or not?

What is the function of the legislature in this situation and what do professionals think about this impropriety? I believe it is inordinate till I am educated otherwise.

Are the budgets addressing different national needs not included in the Federal budget of the country? Do the needs of the budgets and that of the loans run parallel and concurrently? And if so, what is the definition of budget and what is the loan meant to fund?

All these, for me, are questions that, when answered, will help us understand the flippancy, laxity, connivance and collusion of the Executive, Legislature and the Judiciary in the plundering of Nigeria, her people and the economy.


Best regards.
KEMKA S. IBEJI 

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