Home FEATURES 36 State Governors Want Buhari To Probe Disappearance Of 2011 Excess Crude...

36 State Governors Want Buhari To Probe Disappearance Of 2011 Excess Crude Account

governors meet Buhari
The 36 state governors across Nigeria have formally asked President Muhammadu Buhari to institute a probe panel to find out the full details of the amounts that accrued into the Excess Crude Account from 2011, and how the money miraculously shrank without official sharing.
The governors who had a meeting with President Buhari today at the Presidential Villa also appealed to the President to give directive that all revenue generating agencies must pay into the Consolidated Federation Account even as they also asked for the review of the Revenue Allocation Formula.
They want government and its agencies to obey the extant Supreme Court ruling that all monies go into the Consolidated Federation Account even as they requested for the refund of the monies expended by states on federal projects.
They also requested for special consideration to be given to the three states of the North East under Boko Haram infestation.
The governors were led to the first meeting with the President by Chairman of the Governors Forum, Abdulaziz Yari of Zamfara State.
Meanwhile, President Buhari  assured the governors that the days of impunity, lack of accountability, and fiscal recklessness in the management of national resources are  over in Nigeria.
The President vowed that funds stolen by government officials who abused their offices in the recent past will  be recovered and systemic leakages stopped.
“There are financial and administrative instructions in every government parastatal and agency. But all these were thrown to the dogs in the past. Honestly, our problems are great, but we will do our best to surmount them.
“The next three months may be hard, but billions of dollars can be recovered, and we will do our best, ” the President told the governors.
Expressing surprise that  the governors had tolerated the atrocities allegedly committed with the Excess Crude Account since 2011, President Buhari promised to tackle the issue decisively.
The President declared that the payment of national revenue into any  account other than  the Federation Account was an   abuse of the constitution, adding that what he had heard  was going on in many agencies and corporations, particularly the NNPC, was clearly illegal.
On the refund of monies spent on federal projects by state governments, President Buhari assured the governors that the Federal Government will pay, but insisted that due process must be followed.
The President promised special assistance for the three North Eastern states badly affected by the Boko Haram insurgency.
He also said that  a comprehensive statement  on the economic and financial situation inherited by his administration will be made to the nation within the next four weeks.
“We will try and put the system back into the right  position. What happened in the 2nd Republic has apparently happened again, and even worse, but we will restore sanity to the system,” President Buhari assured the Governors.
On an immediate lifeline for states that owe salaries running into many months, President Buhari said that a committee headed by the Vice President, Professor Yemi Osinbajo, will look at the Excess Crude Account and see what can be shared immediately. [myad]

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