Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,209,250 members, 8,005,406 topics. Date: Sunday, 17 November 2024 at 11:19 PM

Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS (539 Views)

Omoworare: Buhari Didn't Undermine Osinbajo By Travelling Without NASS Notice / Buhari Misled To Approve $469m For Fighter Jets Without NASS Backing - The Cable / There Will Be Trouble If Buhari Approves $1bn Without NASS - Rimande Shawulu (2) (3) (4)

(1) (Reply) (Go Down)

Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by sirequity(m): 6:34pm On Apr 23, 2018
Buhari Illegally Withdraws $462Million From Excess Crude Account Without National Assembly Approval

PRESIDENT Muhammadu Buhari has approved the withdrawal $462 million from the Excess Crude Account (ECA) to the United States for the procurement of 12 Super Tucano aircraft, without a prior approval of the National Assembly, This Day newspaper has reported.

A new letter by the president to the National Assembly, says the U.S. government had given a payment deadline for the aircraft purchase, hence, the need for the hasty approval and payment.

Mr Buhari transmitted the letter to the National Assembly leadership on April 13 and it was received in the Office of the Speaker of the House of Representatives on April 17.

The letter shows that Mr Buhari had already given anticipatory approval for the withdrawal of $496,374,470 (N151 394, 421, 355) from the ECA for the purchase of the aircraft and was only seeking the inclusion of same in the 2018 Appropriation Bill that the National Assembly is currently finalising.

The date on the letter indicated that the President Buhari had given approval for the withdrawal of the cash and paid before a public announcement of the approval, ThisDay reports.

The Offices of the senate president, Bukola Saraki, and the speaker of the House of Representatives, Yakubu Dogara, did not respond to requests for comment Monday.

According to ThisDay, Mr Buhari’s letter reads, “I wish to draw the attention of the House of Representatives to the ongoing security emergencies in the country. These challenges were discussed with the state governors and subsequently, at the meeting of the National Economic Council on 14th December, 2017, where a resolution was passed, with the Council approving that up to US$1 billion may be released and utilised from the Excess Crude Account to address the situation.

“Subsequent upon this approval, we are preparing a comprehensive schedule of all the requirements for each of the security services for presentation to the National Assembly for consideration.

“It would be recalled that, for a number of years, Nigeria had been in discussions with the United States Government for the purchase of Super Tucano Aircraft under a direct Government-to-Government arrangement. Recently, approval was finally granted by the United States Government, but with a deadline within which part payment must be made otherwise, the contract would lapse.

“In the expectation that the National Assembly would have no objection to the purchase of this highly specialised aircraft, which is critical to national security, I granted anticipatory approval for the release of US$496,374,470.00. This was paid directly to the treasury of the United States Government.

“I am therefore writing, seeking approval of this House for the sum of US$496,374,470.00 (equivalent to N151,394,421,335.00) to be included in the 2018 Appropriation Bill, which the National Assembly is currently finalising. The balance of the requirements for critical operational equipment is still being collated from the different security services and will be presented in the form of a Supplementary Appropriation Bill, in due course.

“The Honourable Minister of Defence and other appropriate officers will be available to provide further details, as may be required.

“While thanking the Honourable Members for the usual cooperation, please be assured Mr. Speaker, the assurance of my highest regards.”

The letter also proved false several claims that Mr President did not give a final approval before the announcement.

The Minister of Defence, Mansur Dan Ali, while speaking with journalists at the end of a security meeting chaired by the president on April 4, announced that Mr Buhari had approved the release of $1 billion to Nigerian Defence authorities for the purchase of security equipment to fight insecurity in the country.

“Of recent, our leader, President Muhammadu Buhari, gave approval for the purchase of more equipment for the military, worth $1 billion,” he said.

The announcement was greeted by criticism by Nigerians who questioned the federal government for earmarking such huge amount for Boko Haram it claimed has been ‘technically defeated.’

Few days later, Mr Buhari’s aide took turns to defend him, saying that the president cannot approve such fund without go ahead from the National Assembly.

First was the President’s Senior Special Assistant, Media and Publicity, Garba Shehu, who said the approval is not final as it signifies only a stage approval while the process is still ongoing.

Also, the Special Adviser to the President on Media and Publicity, Femi Adesina, said the president would soon communicate the National Assembly on the issue.

The withdrawal is a breach on the Sections 80 (3) and (4) of the 1999 Constitution which states that:

“(3) No moneys shall be withdrawn from any public fund of the Federation, other than the Consolidated Revenue Fund of the Federation, unless the issue of those moneys has been authorized by an Act of the National Assembly.

“(4) No moneys shall be withdrawn from the Consolidated Revenue Fund or any other public fund of the Federation, except in the manner prescribed by the National Assembly.”

Last December, the state governors at a meeting of the National Economic Council had given the president the green light to withdraw $1 billion from the ECA to fight the insurgency. To make such withdrawal, this would have required the approval of the National Assembly and the 36 state Houses of Assembly since the funds in the ECA belong to the three tiers of government.

The development could also fuel the discord between the executive and legislative arms which have been at loggerheads over some issues since inception.

Senate Spokesperson, Sabi Abdullahi, could not be reached for comments as at the time of filing the report.

https://www.headlineng.com/buhari-withdraws-462million-without-national-assembly-approval/
Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by NigeriaIsDoomed: 6:36pm On Apr 23, 2018
Lawless illiterate president
Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by humilitypays(m): 6:38pm On Apr 23, 2018
Whoever said Buhari is not corrupt, is a corrupt person!

Buhari is the most corrupt leader the world has ever produced.

Forget about partisan politics, forget about tribe, forget about religion, just take some time and read about Buhari's history right from when he was military governor, PTF chairman, Military head of state and now president, you will come to realise that Buhari is a man with so many hidden secrets....he is only good at blaming others and acting saintly, but in reality, he is not clean at all.

He hides under the guise of very strict man he is not.

He is only strict and wicked to people he doesn't like but very easy to people he likes no matter how bad those people he likes are. This is a bad trait or quality of a perceived Messiah, sadly cry

1 Like

Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by sirequity(m): 6:41pm On Apr 23, 2018
cheesy
Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by sirequity(m): 6:41pm On Apr 23, 2018
lalasticlala
Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by orisa37: 6:51pm On Apr 23, 2018
What about Presidential Power to Misappropriate and ignore The NASS freely @ will to sooth Presidential Pleasures.?
Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by obonujoker(m): 6:54pm On Apr 23, 2018
Gavelslam and purewatermeji will say what Buhari did was right because the NASS is corrupt... grin

1 Like

Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by sinaj(f): 6:55pm On Apr 23, 2018
So him dey do dat thing too grin

Hypocrite
Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by SalamRushdie: 7:01pm On Apr 23, 2018
Is this not theft?

3 Likes 1 Share

Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by anonymuz(m): 7:09pm On Apr 23, 2018
SalamRushdie:
Is this not theft?
pure theft. Withdrawing money with following due process. Ah baba is a scammer.

1 Like

Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by doctokwus: 7:11pm On Apr 23, 2018
Corrupt,lying,parochial,incompetent,mistake of a president.
I repeat,anyone supporting Buhari's re-election needs to be evaluated in a psychiatric facility.
You cannot claim to be sane and still want Buhari to rule for another 4years!

3 Likes

Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by Nobody: 7:11pm On Apr 23, 2018
A joke of a country. 2019 campaign money will surely be included in that withdrawn money. Corrupt idiots.

1 Like

Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by ja2ken(m): 7:12pm On Apr 23, 2018
buhari is a 1st class thief ...
Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by Nobody: 7:20pm On Apr 23, 2018
Have got my election voting kit already..

My pvc and my camera, it might not mean much to some, but its my only means to get this government out.


Take charge of you polling unit with your camera while you vote with your pvc.
Re: Buhari Illegally Withdraws $462million From Excess Crude Account Without NASS by Paperwhite(m): 7:21pm On Apr 23, 2018
You can not justified an legality with illegality but only in a Buhari government.

(1) (Reply)

PDP Reacts To Bomb Explosion At Ohanaeze President, Nwodo’s House / Election Crisis Splits Ohanaeze Ndigbo / The New Nigeria 2019 (NN19) Storms Abia State.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.