NLNG Corporate Caring banner First bank SME Connect Fidelity bank card banner Emerald Energy Institute Camano banner

Prepare for hardship, Buhari tells governors •Vows to recover loots

By News Express on 24/06/2015

Gmail icon

Views: 2,922


President Muhammadu Buhari on Tuesday told the governors of the 36 states to be ready for three months hardship.

He made the disclosure at a meeting with the governors at the Presidential Villa, Abuja.

Buhari, however, promised to recover funds stolen by government officials who abused their offices in the recent past as well as stop systemic leakages.

The president also assured the governors that the days of impunity, lack of accountability, and fiscal recklessness in the management of national resources were over in Nigeria.

“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,” Buhari told the governors in a statement by the Presidential spokesman, Mr Femi Adesina.

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

He added that what he had heard was going on in many agencies and corporations, particularly the NNPC, were clearly illegal.

On the refund of monies spent on federal projects by state governments, Buhari assured the governors that the Federal Government would 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 would 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 2nd Republic has apparently happened again, and even worse, but we will restore sanity to the system,” Buhari assured.

On immediate lifeline for states that owe salaries, Buhari said that a committee headed by Vice President Yemi Osinbajo would look at the Excess Crude Account and see what could be shared immediately.

The governors, led by Chairman of the Governors Forum, Abdulaziz Yari of Zamfara, had presented a wish list to the president.

The list included obedience of extant Supreme Court ruling that all monies go into the Consolidated Federation Account.

The governors requested for an order from the president that all revenue generating agencies must pay into the Consolidated Federation Account and a review of the Revenue Allocation Formula.

Others were the request for refund of the monies expended by states on federal projects and a special consideration to be given to the three states of the North-East under Boko Haram infestation.

The request included full details of the amounts that accrued into the Excess Crude Account from 2011, and how the money miraculously shrank without official sharing. (NAN)

•Photo shows Buhari and the governors during yesterday’s meeting in Aso Rock.

 

Source News Express

Posted 24/06/2015 05:24:43 AM

 

 

CLASSIFIED ADS

 

You may also like...
Ethiopia urges Boeing to review controls, backs pilots...

Army gets new spokesman, releases new posting

The shale gas revolution & implications for OPEC...

Amaechi using military to hold me hostage, INEC...

Buhari wins Ekiti, first result by INEC

Herdsmen abduct 67 in Taraba

Police brokers truce between Fulani herdsmen and farmers...

I am the leader of all Obas in...

Buhari: I will do more in my second...

Woman arrested for forcing daughter, 13, into prostitution...

43 victims of human trafficking rescued in Katsina...

APC Primaries: Party supporters clash in Lagos

 

Latest News Pastor regains freedom after seven months in Boko Haram custody Kidnappers kill businessman after collecting ransom 130 soldiers face court martial in Borno Ex-Governor’s aide escapes assassination NCP, Katsina Governor trade words over ‘bribe’ for judge Bayelsa guber: Gladiators who’ll shape poll Community protests alleged land racketeering in Enugu Nigerians have fifth worst average life expectancy of 55 years: Report Ex-British intelligence officer found dead in the street South East Miyetti Allah Chairman to members: Pray for continued peace with host communities David-West’s death painful — Obi •Says he served Nigeria and humanity to the best of his ability Nigeria contributes highest number to global pneumonia child deaths

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (561,271 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (451,571 views) Shameless Genevieve Nnaji exposes breasts in public (400,517 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (334,532 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (302,939 views) 10 cars more expensive than Jets (278,918 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,346 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (256,447 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (237,955 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (224,273 views) Lagos plane crash: Journalist releases victims’ names (200,935 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (197,750 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (108) Business & Economy (4,560) Business Verdict (85) Columnists (1,142) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (701) Features (844) Global Business Monitor (493) ICT Monitor (67) International (4,192) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (481) News (53,857) Opinion (1,418) Pidgin (17) Politics (11,686) Religion (1,118) Sports (2,221) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera