{"id":4778,"date":"2017-12-16T21:21:52","date_gmt":"2017-12-17T04:21:52","guid":{"rendered":"http:\/\/nigerianews.ca\/?p=4778"},"modified":"2017-12-19T00:48:30","modified_gmt":"2017-12-19T07:48:30","slug":"4778-2","status":"publish","type":"post","link":"https:\/\/nigerianews.ca\/4778-2\/","title":{"rendered":"APC-led FG wants to invest $1b Excess Crude Money on Buhari\u2019s reelection\u2013 Fayose"},"content":{"rendered":"
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December 16, 2017: The Ekiti State Governor, Ayodele Fayose has described the decision to withdraw $1 billion from the Excess Crude Account to fight Boko Haram insurgency as a means by the All Progressives Congress, APC-led federal government to fund President Buhari\u2019s re-election in 2019.<\/p>\n<\/header>\n

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In a press statement issued in Ado Ekiti on Friday, and signed by his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose highlight:<\/p>\n

\u201cFor posterity sake, I wish to place it on record that I was not among the governors who approved the withdrawal of almost half of our savings in the Excess Crude Account, which belongs to the three tiers of government to fight an already defeated insurgency”<\/p>\n<\/div>\n<\/div>\n<\/div>\n

\u201cSince they said they have defeated Boko Haram, what else do they need a whopping sum of $1 billion (over N360 billion) for; if not to fund the 2019 elections?<\/p>\n

\u201cThe APC promised to wipe out Boko Haram within six months, now it is 31 months and what the APC government is wiping out is the economy of Nigeria and the means of livelihood of the people.\u201d<\/p>\n

\u201cEven the Transparency International (TI) once said in its report that some top military
\nofficials in the country were feeding fat from the war against Boko Haram by creating fake contracts and laundering the proceeds in the United States, United Kingdom and elsewhere.\u201d<\/p>\n

\u201cNigerians are alarmed by the revelation from the House of Representatives that President Buhari exempted NNPC from transferring N50 billion to the TSA, and the Central Bank of Nigeria (CBN), confirmation that a letter issued by the Chief of Staff (CoS) to the president, Abba Kyari conveyed the directive.<\/p>\n

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“Also, they are miffed by the federal government\u2019s idea of withdrawing $1 billion from the Excess Crude Account to fund an insurgency they said had been defeated.<\/div>\n<\/div>\n

\u201cThey went on to tell Nigerians that the decision was taken by governors of the 36 States, whereas, it was solely the idea of the federal government, which they used the arranged National Executive Council meeting to achieve.<\/p>\n

\u201cThe question is; how can the federal government alone spend almost half of the Excess Crude money that belongs to the three tiers of government (i.e. Federal Government, States and Local Councils)?<\/p>\n

\u201cThe reality is that our treasury is daily being looted in readiness for the 2019 elections. Nigerians are therefore alerted to this lootings by the APC led federal government to amass huge fund for the 2019 elections under the pretense of fighting insurgency in the Northeast as well as other dubious means.\u201d<\/p>\n

The governor said N360 billion was equivalent to what the Federation Account Allocation Committee (FAAC) share to the federal government, 36 States and 777 Local Councils monthly, nothing that \u201cNigerians deserve proper explanations from the federal government on the rationale behind spending such huge sum of money to fight an already defeated Boko Haram.\u201d<\/p>\n

He challenged the federal government to make available to Nigerians, how the money released by international donors for the fight against Boko Haram was spent.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

December 16, 2017: The Ekiti State Governor, Ayodele Fayose has described the decision to withdraw $1 billion from the Excess Crude Account to fight Boko Haram insurgency as a means by the All Progressives Congress, APC-led federal government to fund President Buhari\u2019s re-election in 2019. In a press statement issued in Ado Ekiti on Friday, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[48],"tags":[],"class_list":["post-4778","post","type-post","status-publish","format-standard","hentry","category-politics","entry"],"yoast_head":"\nAPC-led FG wants to invest $1b Excess Crude Money on Buhari\u2019s reelection\u2013 Fayose<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nigerianews.ca\/4778-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"APC-led FG wants to invest $1b Excess Crude Money on Buhari\u2019s reelection\u2013 Fayose\" \/>\n<meta property=\"og:description\" content=\"December 16, 2017: The Ekiti State Governor, Ayodele Fayose has described the decision to withdraw $1 billion from the Excess Crude Account to fight Boko Haram insurgency as a means by the All Progressives Congress, APC-led federal government to fund President Buhari\u2019s re-election in 2019. 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