Home West African News Nigeria News I Did Not Approve Any Withdrawal Of $1bn – Fayose

I Did Not Approve Any Withdrawal Of $1bn – Fayose

Ayodele Fayose has shared his anger with the approval of the withdrawal of $1 billion from the Excess Crude Account by the Federal Government to intensify the war against terrorist group, Boko Haram, in the northeast.

He further blasted the Federal Government of trying to use the money to fund President Muhammadu Buhari’s 2019 reelection campaign.

He tweeted, “For posterity sake, I wish to place it on record that I was not among the governors, who approved the withdrawal of $1bn, almost half of our savings in the Excess Crude Account, which belongs to the three tiers of govt to fight an already defeated Boko Haram.

“Since they said they have defeated Boko Haram, what else do they need a whopping sum of $1 billion (over N360 billion) for; if not to fund President Buhari’s re-election in 2019?

“The APC promised to wipe out Boko Haram within six months, now it is 31 months and what the APC government is wiping out is the economy of Nigeria and the means of livelihood of the people.

“N360bn is equivalent to what the Federation Account Allocation Committee share to the FG, 36 States and 777 LGs monthly. Nigerians deserve proper explanations from the FG on the rationale behind spending such huge sum of money to fight an already defeated Boko Haram.”

“They told Nigerians that the decision to withdraw $1bn from the Excess Crude Account was taken by governors of the 36 States, whereas, it was solely the idea of the federal government, which they used the arranged National Executive Council meeting to achieve.

READ  Every Entry Point Into Cross River Is Now Locked Down Amid Coronavirus Outbreak - Ben Ayade

“The question is; how can the federal government alone spend almost half of the Excess Crude money that belongs to the three tiers of government (i.e. Federal Government, States and Local Councils)?

“The reality is that our treasury is daily being looted in readiness for the 2019 elections. Nigerians are therefore alerted to this lootings by the APC led FG to amass huge fund for the 2019 elections under the pretense of fighting Boko Haram as well as other dubious means.”


Please enter your comment!
Please enter your name here