Skip to main content

Buhari Blows Hot, Vows To Recover Billions Of Dollars Looted By Past Officials

President Muhammadu Buhari Tuesday in Abuja assured state governors that the days of impunity, lack of accountability, and fiscal recklessness in the management of national resources are over in Nigeria.

Speaking at a meeting with the governors in the Presidential Villa, Mr. Buhari also 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”, the Special Adviser to the Media and Publicity, Femi Adesina, quoted the President as saying. “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 a committee headed by the Vice President Yemi Osinbajo will look at the Excess Crude Account and see what can be shared immediately.

The governors, led by Chairman of the Governors Forum, Abdulaziz Yari of Zamfara State, had presented a wish list to the President that included:

1) Obedience of extant Supreme Court ruling that all monies go into the Consolidated Federation Account;

2) An order from the President that all revenue generating agencies must pay into the Consolidated Federation Account;

3) Review of the Revenue Allocation Formula;

4) Refund of the monies expended by states on federal projects;

5) A special consideration for the three states of the North East under Boko Haram infestation;


6) Full details of the amounts that accrued into the Excess Crude Account from 2011, and how the money miraculously shrank without official sharing.

Comments

Post a Comment

Popular posts from this blog

Inside her desert oasis! Lady Gaga enjoys freebie stay at $12 million mansion while headlining Coachella

She was the headliner for both weekends of Coachella this year. And while in the desert for the annual musical festival, Lady Gaga stayed at a $12 million Mediterranean mansion, courtesy of Airbnb. The 31-year-old made herself at home in the sprawling 9,500 square foot home, with seven bedrooms and five bathrooms. The normally $10,000-a night Airbnb listing is located in Rancho Mirage, which is just a 25 minute drive from the festival in Indio, California. Lady Gaga replaced Beyonce as the headliner for Coachella; Beyonce pulled out of the festival shortly after announcing that she's pregnant with twins. On Monday, the artist thanked Airbnb for the home as she posed next to a large fireplace in a pink hoodie; she wrote: 'Thank you @airbnb for my desert home. A wonderful gift!' While prepping for her Coachella gig, the Grammy award winning songstress rested at the mega estate, which has 360 degree mountain views and a resort style pool. The kitchen had st...
Post a Comment
Read more

Why Detroit has the largest satanist temple chapter in the US

The "largest public satanic ceremony in history" took place last Saturday in Detroit, a city that has the largest and oldest chapter of a national Satanist organization.  The group unveiled a nearly 9-foot tall bronze statue of a goat-headed Baphomet in a private ceremony attended by 600 ticket holders, Lucien Graves, co-founder of the national Satanic Temple organization in Boston. The Satanic Temple in Detroit has more than 200 registered members. "They are so active and well-organized," Graves said. "There's probably been another wave of interest since this event."  The Detroit chapter is the first of the national organization, Graves said. He credits the Detroit chapter's founder Jex Blackmore with the growth of the chapter since it was established there in August 2014. "It's more or less because of her. She was just a very confident person who started working with us," Graves said further. The pair...
Post a Comment
Read more

Ghanaian Producers Release Another Ghana P0*n Movie | Photos

The release of “The Adventures Of Wapipi Jay”, the first ever Ghanaian pó’rnographic movie in 2007 sent shock-waves down the spines of many decent people.  Indeed most people especially those who identified some of the principal characters in the movie could not fathom why their own kith and kin could engage in such abominable venture. Despite the huge anger and protestations, the producers of the movie, Wakiki Entertainment have released part 2, which is being sold especially amongst the Ghanaian community abroad. Some are also believed to be available in some shops in Ghana. The pó’rn was done in the form of a local twi movie with cast, crew and producers all coming from Ghana. Sound tracks for the movie had songs from artistes including Lumba, Ofori Amponsah, K.K Fosu and others. The principal characters include two males, Wapipi Jay and K. Bonsu whiles their female partners are Adjoa, Akosua, Fatima and others. Although the movie was purported to have bee...
Post a Comment
Read more