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, President 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. 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 2 nd 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 .

The governors , led by Chairman of the Governors
Forum, Abdulaziz Yari of Zamfara State, had
presented a wish list to the President that included:
– Obedience of extant Supreme Court ruling that all
monies go into the Consolidated Federation Account;
– An order from the President that all revenue
generating agencies must pay into the Consolidated
Federation Account;
– Review of the Revenue Allocation Formula;
– Refund of the monies expended by states on
federal projects ;
– A special consideration for the three states of the
North East under Boko Haram infestation;
– Full details of the amounts that accrued into the
Excess Crude Account from 2011, and how the
money miraculously shrank without official sharing .

starlingslimnet:
What is Mr West Germany saying again

efilefun:

starlingslimnet:
What is Mr West Germany saying again

kendrick9:
BabaOneChance

Rilwayne001:

Rilwayne001:

Expressing surprise that the governors had tolerated
the atrocities allegedly committed with the Excess
Crude Account since 2011

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 .

kendrick9:
BabaOneChance

BabaOneChance:
Walahi! Wat is za froblem?