Rotimi Amaechi, minister of transportation and former governor of Rivers state, says governors demanded the sharing of money from the Excess Crude Account (ECA) under the last federal government because it was not properly managed.

Ngozi Okonjo-Iweala, former minister of finance and coordinating minister of the economy, has consistently maintained that governors lacked the political will to save during the tenure of Goodluck Jonathan, former president.

But speaking on One on One, an interview programme on NTA, on Wednesday, Amaechi said Okonjo-Iweala was only “partially correct”.

“I heard Mrs Okonjo-Iweala say that in the past administration, governors were unwilling to save; she is 30 percent correct and 70 percent incorrect,” he said.

“In 2009, we had an economic crisis so President Yar’adua put $1billion in the economy so no one felt the crisis. I can’t remember what was left in that account, the excess crude account.

“During Goodluck Jonathan, every month when the governors went for the economic council meeting, the amount in the account kept dropping. If we asked about what happened to the money, the response we got was that the president approved for it to be spent.

“So we said can we please share this money because the rate at which it was going, the president would have continually approved $1billion to spend and we won’t know what we are spending for and they won’t give us an account.

“So we told the vice president and the minister for finance that there was a need for us to share part of this money and we began to agitate. They now agreed to share part of the money and they did. In the first six months of Goodluck Jonathan, oil subsidy increased. Governors started complaining and then we had a meeting in the office of the president’s wife.

“At the meeting, we asked for assurance that the presidency would no longer collect for oil subsidy and he promised. It is not right for Mrs Ngozi Okonjo-Iweala to say governors were not willing to save; governors were willing to save but we insisted on sharing the money when we saw that the money was not properly managed.”

The former member of the Rivers state house of assembly said he agreed to serve as a minister because he believes in the administration’s capacity to serve.

“Refusing to serve when the president invited me to serve would mean that I did not have confidence in him. I am serving under the president because I believe that he is the man to help us at this particular time.”


https://www.thecable.ng/amaechi-govs-asked-jonathan-to-share-oil-savings-because-he-was-mismanaging-it?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ThecableTopStories+%28TheCable+%C2%BB+Top+Stories%29

Lol.

I don't blame the Governors.

That man could not even manage his home,and wife,let alone the Country's finances.

Amechi has a special room in hell.

So, the governors collected it and mismanaged it too. Or why can't they all account for the money too... Pathetic liar

HungerBAD:
Lol.

I posted something here and within seconds, you already took 1st to comment. Do you eat, sleep, read, live and wake on nairaland? Just curious

Great then ..Now Ameachi should have gone further to tell us the beautiful and worthwhile things he did with his share of the ECA after it was disbursed to them ..If he can't then he has just admitted what some pundits have said all along that both the governors and the FG played and equal role in the squandering g of our national wealth

Mr Amaechi will you shut up

Vicadonis:
Amechi has a special room in hell.

So, the governors collected it and mismanaged it too. Or why can't they all account for the money too... Pathetic liar

gbam, gbamma gbammest

So please ask Amaechi about the money he collected and what it was used for. Is it monorail or what

ameachi maybe correct u know. becos during d tym of goodluck things were a little bit ok becos he was sharing d money unlike now you and bubu are eating d moni alone.

HungerBAD:
Lol.

I don't blame the Governors.

That man could not even manage his home,and wife,let alone the Country's finances.

Once the article is against GEJ you will resurface from nowhere. Ask Amaechi what he used the money he got for. Instead of developing Rivers with the money he gave all to Buhari campaign....

HungerBAD:
Lol.

I don't blame the Governors.

That man could not even manage his home,and wife,let alone the Country's finances.

Chairman, Nairaland Front page/First to Comment Association Group! [NFPFCAG]

It is not right for Mrs Ngozi Okonjo-Iweala to say governors were not willing to save; governors were willing to save but we insisted on sharing the money when we saw that the money was not properly managed.”

It is a pity that some APC traducers have misquoted and misinterpreted that statement by Okonjo-Iweala to “Jonathan lacked the political will to save” instead of government(governors) lacked the political will to save under Jonathan's administration, all just to paint Jonathan as a failure and poison the mind of Nigerians against him.

Now that Jonathan's govt have been vindicated by giving accounts of how its share was used the pertinent and rational questions now are,

• What did those governors(especially those plaintiffs that moved the motion and compelled FG to share the funds like Amaechi, Oshiomhole, Fashola) do with the astronomical share of the ECA that were disbursed to them?

• How much is currently in our Excess Crude Account considering that oil price has been undulating between $45 to $50 per barrel and the benchmark at $38?

And who are those Governors ? They are in the Senate and Ministers of the Present Republic.
We all need to ask them how they spent the money. They are also part of the problem of Nigeria.

Ameachi the niger delta afonja.

HungerBAD:
Lol.

I don't blame the Governors.

That man could not even manage his home,and wife,let alone the Country's finances.

You dey try.

I can imagine the level of bigotry and hatred in your blood for GEJ. So pathetic.

FYI, your preferred El-Clueless and useless old ineffectual 'baboon' is now in power, let him perform the promised miracles.

jieta:
ameachi maybe correct u know. becos during d tym of goodluck things were a little bit ok becos he was sharing d money unlike now you and bubu are eating d moni alone.

Mehn, you are so intellegent. Amechi and Buhari are a different breed of thieves. Eat alone and die alone

and what exactly did the governors do with their own share?


instead of pressurizing the Government to use it for something tangible you all asked for it to be shared so the mismanagement can be spread to state level as well.

Rotimi Amaechi, the ediotic Minister of Transport, please where did you keep River's share of the money?


You can only run, you cannot hide forever because your sins will find you.

And you managed your share well?

What did they (GEJ and Govs) do with their respective share of the money?

HungerBAD:
Lol.

I don't blame the Governors.

That man could not even manage his home,and wife,let alone the Country's finances.

Pray for your deliverance or better still go for mental evaluation.

Lalasticlala.

The apc governors already had a plan to use the saved revenue to sponsor buhari's presidential election.Thus,they agitated for the sharing.

TonyeBarcanista:
What did they (GEJ and Govs) do with their respective share of the money?

.. You were buying fuel for N87 now you are buying it for N145, that is one of the major things GEJ did for you

This is needless self from Amaechi
Did Oknjo iweala n Jonathan save from 50% oil revenue? The one that they have did Fg save from from it

jieta:
ameachi maybe correct u know. becos during d tym of goodluck things were a little bit ok becos he was sharing d money unlike now you and bubu are eating d moni alone.

Using #20 million to treat ear is a squandered.

Vicadonis:


I posted something here and within seconds, you already took 1st to comment. Do you eat, sleep, read, live and wake on nairaland? Just curious

he is being paid.

blueto:
It is a pity that some APC traducers have misquoted and misinterpreted that statement by Okonjo-Iweala to “Jonathan lacked the political will to save” instead of government(governors) lacked the political will to save under Jonathan's administration, all just to paint Jonathan as a failure and poison the mind of Nigerians against him.

Now that Jonathan's govt have been vindicated by giving accounts of how its share was used the pertinent and rational questions now are,

• What did those governors(especially those plaintiffs that moved the motion and compelled FG to share the funds like Amaechi, Oshiomhole, Fashola) do with the astronomical funds that were disbursed to them?

• How much is currently in our Excess Crude Account considering that oil price has been undulating between $45 to $50 per barrel and the benchmark at $38?

The apc governors even even took goodluck jonathan to court before he was willing to share the saved money because he refused to bowed to apc governors pressure to share the money.

Amaechi probably used his part to complete the Mono rail.

Pidggin:
.. You were buying fuel for N87 now you are buying it for N145, that is one the many tings GEJ did f or you

GEJ paid for subsidy on fuel.Now that buhari removed it,Nigerian would have saved a lot of money.Instead the gambari is saying Nigeria is broke.WTF!

Pidggin:
.. You were buying fuel for N87 now you are buying it for N145, that is one the many tings GEJ did f or you

But I was buying fuel @65 per litre under Yaradua when the ECA wasn't depleted and fuel price sold lower than it did during Jonathan.

Peter Obi's speech is making Amaechi feel guilty...lol