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Nairaland Forum / Nairaland / General / Politics / FG Denies Operating Excess Crude Account (11458 Views)
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FG Denies Operating Excess Crude Account by pendy79: 10:46am On Feb 04, 2015 |
The Federal Government yesterday told the Supreme Court that there was nothing like Excess Crude Account (ECA) in existence anywhere and challenged the 36 states challenging the legality of the alleged account to prove otherwise. The case came up on Tuesday after several failed attempts for an out-of-court settlement between the warring parties. In the suit, the states are also challenging the transfer of $1 billion from the account to the Sovereign Wealth Fund (SWF). The court, presided by the Chief Justice of Nigeria, was forced to adjourn proceedings to March 19, 2015 after the court could not locate some of the processes filed by counsel to the 36 states of the federation, Yusuf Ali. Although Ali had urged the court for a stand down to enable him trace the process at the registrar, he was overruled by the CJN who said the court had no luxury of time to grant such a request. Earlier, counsel from the chambers of the Federal Attorney General, Mohammed Bello Adoke (SAN), Ahmed Abdulmalik informed the court that the alleged Excess Crude Account does not exist. His words: “The plaintiffs are deceiving themselves. They are aware that there is nothing like ECA anywhere. As soon as any money comes from the account, it is channeled into the Federation Account and shared every month among the states. “The Federal Government is at a loss as to how the states came up with their claim. The Federal Government is interested in proceeding with this case so that the states can tell the court where the ECA is domiciled. My lords, we are ready to tackle the plaintiffs in court.” The CJN had earlier insisted that the matter should be settled amicably out of court by both parties saying there was nothing difficult to warrant the interpretation by the Supreme Court. “If counsels are sincere with their clients, it’s a matter that should be resolved without the court’s intervention,” Justice Mohammed stated. In the suit, the states stated that the conduct of the government of the federation and its officials was a violation of rule of law and a breach of the independence of the judiciary and constitutes a violation of the principles of rule of law handed down by the Supreme Court in the case of Governor of Lagos v Odumegwu Ojukwu (1986) pt 1 NSCC 304 and Rotimi Chibuike Amaechi v INEC (2008) 5 NWLR (pt 1080) 277. In addition, they described the action of the Federal Government as executive lawlessness and impunity, saying the proposed disbursement of $1 billion by the Federal Government, its Minister of Finance and other officers would create a state of fait accompli and helplessness, if not stopped immediately http://sunnewsonline.com/new/?p=103130 |
Re: FG Denies Operating Excess Crude Account by vjsmiles: 10:48am On Feb 04, 2015 |
will they ever accept? ![]() even if i am given a presidential position in this country in my dreams i will reject it blood sucking politricks 2 Likes |
Re: FG Denies Operating Excess Crude Account by pendy79: 10:49am On Feb 04, 2015 |
this is the most shameless government in Human history. Denying an account your Minister of Finance is always talking about and from which she said $1b was withdrawn from in December to pay Oil subsidy bills. It is clear, the JONATAN administration is a fraud 75 Likes 11 Shares |
Re: FG Denies Operating Excess Crude Account by Kennywills7(m): 10:51am On Feb 04, 2015 |
Interesting |
Re: FG Denies Operating Excess Crude Account by Sanchez01: 10:54am On Feb 04, 2015 |
JESUS! No excess crude account ke ![]() ![]() ![]() ![]() ![]() Jonathan did not squander excess crude account, foreign reserves – Finance MinistrySource : http://www.mynewswatchtimesng.com/jonathan-not-squander-excess-crude-account-foreign-reserves-finance-ministry/ 21 Likes 2 Shares |
Re: FG Denies Operating Excess Crude Account by pendy79: 10:56am On Feb 04, 2015 |
vjsmiles: why the sudden denial of the ECA? they said they were saving some funds from the sales of Crude in the ECA but when the state governors said they want to be privy to how the funds is being managed they are suddenly denying its existence. It is clear the ECA is being run and operated like the way they operate the NNPC accounts, they have no records of how they expend monies since it is part of their National Cake they cut off chunks from as they pleases. 18 Likes 2 Shares |
Re: FG Denies Operating Excess Crude Account by NFFLAWS(m): 10:57am On Feb 04, 2015 |
That's why GEJ rejime is worst. N30tn embezzled. And u say make I vote pdp. I rather turn muslim dan to vote Goodluck! 25 Likes |
Re: FG Denies Operating Excess Crude Account by pendy79: 11:03am On Feb 04, 2015 |
can the moderators, seun lalasticlala maclatunji do the needful to this important thread so Nigerians can understand the kind of leaders running it affairs 9 Likes 1 Share |
Re: FG Denies Operating Excess Crude Account by obi4eze(m): 11:04am On Feb 04, 2015 |
We must bring this government to an end and send Jonathan back to Otuoke come FeBuhari 14. #ihavedecidedforchange #buhariosinbajo 25 Likes 1 Share |
Re: FG Denies Operating Excess Crude Account by pendy79: 11:14am On Feb 04, 2015 |
thanks sanchez01 I was about to post that information you uploaded before I saw you've done same. jonaTAN and his ministers are fraud. the worst and most surprising of them all is Madam Okonjo Iweala, How will she face her former colleagues in the World Bank and stare them in the face after jonaTAN is booted out in May 29, 2015. Tot Aondoaaka will be the worst Justice Minister Nigeria would ever had, never knew Bello Adoke will surpass him. Same Adoke was deeply involved in the Malabu Oil corruption deal and now he has the effrontery to try to deny a whole ECA. Are some Nigerians so brainless to wish that GEJ continue as President, How can any sane human being pray for the continuation of this fraud of a Government. 21 Likes 1 Share |
Re: FG Denies Operating Excess Crude Account by falconey(m): 11:19am On Feb 04, 2015 |
When will these people know nigerians are now wise......there was fall in global oil price since june or july last year and we are still buying 97 until weeks ago 11 Likes |
Re: FG Denies Operating Excess Crude Account by Sanchez01: 11:29am On Feb 04, 2015 |
pendy79:You're welcome ![]() 23 Likes |
Re: FG Denies Operating Excess Crude Account by Sanchez01: 11:30am On Feb 04, 2015 |
pendy79: |
Re: FG Denies Operating Excess Crude Account by Nobody: 11:34am On Feb 04, 2015 |
obi4eze: Otueke by land or by sea? ![]() 13 Likes
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Re: FG Denies Operating Excess Crude Account by tola9ja: 11:39am On Feb 04, 2015 |
BOKO HARAM DOCUMENTARY PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH PLEASE WATCH https://www.youtube.com/watch?v=qVRcjonuoq4 2 Likes 5 Shares |
Re: FG Denies Operating Excess Crude Account by celeron40(m): 11:39am On Feb 04, 2015 |
Liars 2 Likes
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Re: FG Denies Operating Excess Crude Account by kwhiz(m): 11:40am On Feb 04, 2015 |
ok o |
Re: FG Denies Operating Excess Crude Account by sophtaf(f): 11:40am On Feb 04, 2015 |
Really?issoke |
Re: FG Denies Operating Excess Crude Account by dante23: 11:40am On Feb 04, 2015 |
FG sha!!! they are not lying o. they are just denying... errr datsall 2 Likes |
Re: FG Denies Operating Excess Crude Account by Burger01(m): 11:41am On Feb 04, 2015 |
Team Buhari/Osinbajo represents honesty, integrity and passionate leadership. There is no time for continuity of thieving government, corruption, nepotism, and insecurity.. Now is the time for change! Now is the time to decide. I have decided!!! #Change #FeBuhari 2015 12 Likes
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Re: FG Denies Operating Excess Crude Account by hazyfm1: 11:41am On Feb 04, 2015 |
IF I HEAR 1 Like |
Re: FG Denies Operating Excess Crude Account by intergral(m): 11:42am On Feb 04, 2015 |
PDP lying since GEJ was dull in Otuoke primary school 3 Likes |
Re: FG Denies Operating Excess Crude Account by loomer: 11:43am On Feb 04, 2015 |
IF UNA LIKE MAKE UNA OPERATE OR NO OPERATE, I NO SEE HOW E DE EVEN AFFECT THE MASSES. |
Re: FG Denies Operating Excess Crude Account by msmon(m): 11:43am On Feb 04, 2015 |
Why is the FG in a state of denials? I strongly hope things is put in proper shape, anyway our vote will judge. 1 Like |
Re: FG Denies Operating Excess Crude Account by MadCow1: 11:43am On Feb 04, 2015 |
GEJ is inventing a Technology to fight corruption... ![]() The Internet is such a biitch.. ![]() NOI say 9.4 billion Dollars dey inside Excess crude account... FG say "What Excess Crude Account?" .. ![]() So meaning say that 9.3 Billion Dollars don escort our 20 billion dollars enter voice mail.. ![]() Vote GEJ, he is a Christian.. ![]() 16 Likes 1 Share |
Re: FG Denies Operating Excess Crude Account by asodeboyede(m): 11:44am On Feb 04, 2015 |
Lord, thou hast been our dwelling place in all generations. Before the mountains were brought forth, or ever thou hadst formed the earth and the world, even from everlasting to everlasting, thou art God. 1 Like |
Re: FG Denies Operating Excess Crude Account by Nobody: 11:44am On Feb 04, 2015 |
Tell them abeg 1 Like 1 Share |
Re: FG Denies Operating Excess Crude Account by phransix147(m): 11:44am On Feb 04, 2015 |
I taya for government mata jare... Show me some Tonto Dike news pls, who is she fvckin now? 3 Likes |
Re: FG Denies Operating Excess Crude Account by Nobody: 11:45am On Feb 04, 2015 |
The Nigerian Government under PDP is a shame. 3 Likes |
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