N2.3 Trillion Debt: APC Governors asks Jonathan to call NNPC, Finance Ministry to order

Premium Times Published: October 8,2013

The governors want the National Assembly to protect the sanctity of the 1999 Constitution.
Eleven state governors, under the aegis of Progressives Governors Forum, PGF, have challenged the Nigeria National Petroleum Corporation, NNPC, to disclose how much it collected as revenue in January and how much of the amount it paid into the Federation Account.

The governors, all of who belong to the opposition All Progressives Congress, APC, threw this challenge in a statement on Monday, in reaction to the Corporation’s denial of debt of N2.3 trillion allegedly being owed to the Federation Account.

The governors are Kashim Shettima (Borno), Adams Oshiomhole (Edo), Kayode Fayemi (Ekiti), Rochas Okorocha (Imo) and Babatunde Fashola (Lagos).

Others are Tanko Al-Makura (Nasarawa), Ibikunle Amosun (Ogun), Rauf Aregbesola (Osun), Abiola Ajimobi (Oyo), Ibrahim Gaidam (Yobe) and Abdulaziz Yari (Zamfara).

The Acting Group General Manager, Group Public Affairs Division of NNPC, Tumini Green, had in a statement, claimed that the Corporation did not owe the Federation Account payments, adding that the Corporation had made payments consistently into “its Central Bank of Nigeria account”.

The governors said, “Our attention was drawn to NNPC’s denial of debt of N2.3 trillion being owed to the Federation Account. The statement, which is credited to Acting Group General Manager, Group Public Affairs Division, Ms. Tumini E. Green, is to say the least escapist, dishonest, contradictory and in many respect fraudulent.

“While claiming that NNPC does not owe the Federation Account, “taking into account outstanding subsidies and other associated costs of operations and losses”, the NNPC spokesperson claimed that payments have been made consistently into “its Central Bank of Nigeria account”.

“At the same time Ms. Green emphatically stated that “not all revenues collected by NNPC are paid directly into the accounts of Federal Allocation with the Central Bank of Nigeria. Some are paid into the accounts of the relevant government agencies, like the Federal Inland Revenue Services and the Department of Petroleum Resources, with the CBN. But eventually, all these payments are credited to the accounts of Federation Accounts Allocation Committee, FAAC.”

“The question is how much was the revenue collected by NNPC? How much of it was paid to the Federation Account? How much was paid to accounts of other relevant government agencies? How much are credited to FAAC? How much was committed to the payment of so-called outstanding subsidies? What other associated costs of operations and losses incurred and how much?”

The governors contended that nowhere in the 1999 Constitution has any exception been granted for any collectible revenue outside “proceeds from the personal income tax of the personnel of the armed forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja”.

They noted that If any other law had empowered the NNPC or any other government body to do otherwise, it was contradictory, and to that extent, null and void.

The governors said, “We therefore wish to challenge the NNPC to go beyond hypothetical and generalized statements and categorically respond as follows:

How much has been realized in oil revenue on monthly basis since January 2013?

How much has been paid into any other account of any government agency?

How much has been paid to settle so-called outstanding subsidy payments?

What are the other associated cost of operations and losses incurred?”

The governors noted that the problems of accountability and arbitrary management of oil revenue by the NNPC was at the center of the current FAAC dispute.

They stressed, “The statement by Ms. Green is to say the least escapist, dishonest, contradictory and fraudulent.

“Mr. President needs to urgently intervene to protect the image of the Federal Government and safeguard the provisions of the 1999 Constitution.

“We therefore urgently call on Mr. President to call NNPC and Ministry of Finance to order.

“We also would like to invite the leadership of the National Assembly to urgently take steps to protect the sanctity of the 1999 Nigerian Constitution.”


http://premiumtimesng.com/news/146195-n2-3-trillion-debt-apc-governors-asks-jonathan-call-nnpc-finance-ministry-order.html

Until as a nation we hold our leaders accountable in the management of our resources, Jonathan and his team will steal us dry.

Lagos, kaduna, Cross River, Ogun and Oyo occupied the top position on
the list of external debts incurred by state governments as of
June 30, 2012.
According to the list, Lagos topped the list of external debtors
with $517,677,672 as of June 30, 2012. Next to

[b]Lagos is Kaduna with $197,155.525 foreign debt.

Cross River comes next with $109,351,503 external debt.

Following Cross River is
Ogun State as the fourth most indebted state with $96,285.547 [/b]as
of June 30, 2012.

Oyo is the fifth most indebted state as far as
external debt is concerned with $78,878,401 being owed as of
June 30, 2012.
However, while the other four states depend heavily on federal
allocations, Lagos generates huge internal revenue, which was
about N23bn monthly in the first quarter of the year.
The Punch
investigations have also shown that the present administrations in
Ogun and Oyo inherited the foreign debts from their predecessors.
Also, states, whose external debts are low, include
Borno ($12,726,028);

Delta ($15,785,110);
Plateau ($20,190,627);
Taraba ($20,681,527)
and Anambra ($25,370,842). Just
recently, renowned professor, Pat Utomi had condemned the way
the states of the country depend too heavily on money from the
Federal Government coffers. It is about time these states started
thinking seriously about how to increase their Internally Generated
revenue (IGR).

Red = PDP AGPA
Bold = APC Unrepentant bastards

Ikengawo:


Red = PDP AGPA
Bold = APC Unrepentant bastards

@Bold: I blame your parents for not teaching you how to be responsible in public. (Respect is reciprocal - What you sow is what you reap).