Nigerian govt withdrawing $1 billion Excess Crude money to fund Buhari’s reelection– Fayose

Ayodele Fayose, Ekiti State Governor Photo: DailyPost

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 Muhammadu Buhari’s re-election in 2019.

“For 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,” he declared.

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 said; “Since 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?

“The 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.”

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 “Nigerians deserve proper explanations from the federal government on the rationale behind spending such huge sum of money to fight an already defeated Boko Haram.”

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.

“Even the Transparency International (TI) once said in its report that some top military
officials 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.”

The governor also alleged that the N50 billion kept by the Nigeria National Petroleum Corporation (NNPC) in different commercial bank accounts outside the Treasury Single Account (TSA) on the directive of President Buhari’s Chief of Staff, Abba Kyari was part of the fund being kept to fund President Buhari’s election in 2019.

Governor Fayose said, “Nigerians 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.

“Also, they are miffed by the federal government’s idea of withdrawing $1 billion from the Excess Crude Account to fund an insurgency they said had been defeated.

“They 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.

“The 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)?

“The 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.”

The governor, who is from the opposition Peoples Democratic Party, PDP is a vocal critic of the Buhari-led government.


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  • Victor

    Lolz. All this even when there were PDP governors present

  • Usher- Join The Revolution

    Woow! Nearly N360 billion shared monthly among states and yet absolutely NOTHING to show for it.
    Excess crude account made Fayose Governor and we are waiting to recover this money when you leave office.
    Not sure your vote is needed to spend excess crude money and same with some northern states, I will understand if it was Rivers or Bayelsa Governor complaining but not a state that contributes nada.

    • woman leader1

      The guy is really sick

      • dele20

        Exactly

        • woman leader1

          Isn’t it obvious.

    • White cane

      Don’t mind that guy, he must vomit whether he likes or not.

    • front man

      Don’t mind him

  • woman leader1

    Fayoshame is at it again oo, the usual madness as started again.

    • daygea

      That Fayose is just a joker. What is knows is just to keep spitting out false statements.

      • woman leader1

        Exactly!

      • dele20

        Fayose is a comedian

    • dele20

      That this present government is absolutely against corruption, no money to steal again, this is Fayoshame’s headache

      • woman leader1

        That alone is given them sleepless nights.

        • dele20

          Exactly

  • White cane

    Fayoshit is still making noise, that guy is really disturbing

    • daygea

      Don’t mind Fayose. He is just trying to get attention.

      • front man

        Honestly

      • dele20

        Nobody takes him serious, he is an online regular customer

    • front man

      He’s only seeking for attention

      • dele20

        Don’t mind him

    • dele20

      Fayose is a noisemaker,attention seeker, a trouble maker

      Fayose uses to act thuggishly instead of acting wisely

  • front man

    Oshoko fayose where are all the 11 pictures you promised to show Nigerians, getting attention doesn’t mean you should flaunt your stupidity as a sitting Governor

    • daygea

      Don’t mind the nonsense attention seeker.

      • dele20

        Nobody takes him serious again, everybody knows that he is a comedian

    • dele20

      Fayose is an attention seeker, a big clown

      • share Idea

        Are you the only one on this forum. I guess you must be a robot to be making all these comments just against single article. We told you people that APC is worst than PDP, we were called names, gradually the real Buhari is showing up – corrupt and pretension being.

        • dele20

          Saying APC is worse than PDP is like saying Jesus is worse than devil

          • share Idea

            I would have joined issues with you but for the mere fact that you brought Our Lord and Saviour into this discussion, and try to compare him with APC shows that your redemption is far from over.

    • Olatubosun

      Well spoken

  • MNO

    No surprise. That’s how they use to do it in the PDP days. It’s a new day! Mr Fayotalktalk!

    • dele20

      Don’t even mind him, he is even saying what is not real

    • kaydutch

      APC online warriors have taken over Premium Times comment section,sad!

  • dele20

    Fake news master Fayoshame has framed another big lies

  • dele20

    Fayose knows rust the inauspicious, hopeless,corrupt pdp can never win 2019 election, he thinks the best way is to start framing lies

    • Olatubosun

      He knows already…
      Pdp can’t not win in 2019.
      No one will vote for devil

  • dele20

    This great PMB led government has become headache to Fayose and the other PDPigs, my piece of advice is for them to use paracetamol to cure their headache.

    God bless Nigeria
    God bless this present government

    • Olatubosun

      Sure…
      You really get the point guy

  • wazobia decomposition !!!!!!

    lolxxx!!!

    ifayose,it is allowed …….. remember the $2.1B you also shared from ……..crap goes around and comes around …….. shout all you want,we KNOW if you have the opportunity,you would also take your share,again in cash flown to ado-ekiti by the korossive “defense minister” ………

  • Echelon

    Obasanjo should as a matter of urgency write an open letter to Buhari on this.

  • Yusufu Abdullahi

    Ayo Fayose, if you do not fear human beings, you should fear your creator. Reelection is over a year and half and the decision was taken by the Governors, including Ayo Fayose. As a collective decision whether you’re in attendance or represented, it was your decision.

    • Gary

      Stop with the nonsense. There’s nowhere in the Constitution where the President and Governors are empowered to sidestep the Appropriations process to draw down on national treasury for legitimate or in the case instance outright looting of the wealth of the Nigerian people for party electioneering.
      Fayose is right on moral and legal grounds to not only dissociate himself from criminal malfeasance but to alert the nation to the shenanigans of Buhari and his APC henchmen to pillage the treasury for his re-election.
      Fayose has done a valuable public service by pre-emptively blowing the whistle on the APC bid to loot half of the Excess Crude Account plus a $50m slush fund of NNPC accounts outside the TSA for the 2019 elections.

      • Babso

        OMG, so you believe all Fayose claimed here. SMH for the vulnerable ones like you. Fighting Boko Haram does not end with killing or driving them but also include putting security apparatus in place to ensure they never get opportunity to come back..

  • sorbitol

    Fake government wants more money to fight already technically defeated fleeing Boko Haram. It’s obvious that the blame game is not working again.

  • kolawole

    You can never be part of them in Jesus Name because it is only Ekiti you govern, may i ask you this question when last did attend the meeting? your fly over bridge that has no end cost you how much? if the purpose of the said moni is for Mr. President Second time i think is good. if possible they should add to it so that you and your Boko Haram Party (PDP) will never come to life again. IJN. Yeye man the money that Mr Uche Secondoul Share for the Delegate from your State is in your pocket, selfish man. You gave your delegate 50,000 from the moni when are they going to get the remaining moni.

    • Adele Uhuru

      hot air all and all –

  • Opekete

    Our governor is mad again

    • Olatubosun

      Fayose is sick o….
      He should be taken to psychiatric hospital

    • Adele Uhuru

      To some pig headed people the truth hurts – hence the insult —

      • Opekete

        Unfortunately for Fayose it is not yet uhuru!

  • UYI111

    Anyone that thinks that corruption is corruption only when PDP is involve and when corruption becomes APC/Buhari then they called it legit are the real cancer in the polity !!
    Even fools now know that boohari and crew are the most corrupt of all and we need a man with balls like Fayose to say it as it”s deal with it !!!!!!!

    • Anasieze Donatus

      Question about Buhar
      i and Fight against Corruption
      Chief Obasanjo established EFCC to fight corruption.
      Dr. Jonathan introduced BVN to fight corruption.
      What has Gen. Buhari introduced to fight corruption?

      Answer:
      President Buhari introduced whistleblowing initiative. Under two years,
      in just one revelation, it recovered $43,449,947, £27,800 and
      N23,218,000 and final forfeiture of a flat worth $1.658m; do the math.
      That is more than what Jonathan recovered, if any, from corruption in
      his five years.
      Fighting corruption is not just by number of institutions, but efficiency of the available ones.
      – EFCC – It has prosecuted and won more cases in the last two years
      than they did since OBJ establish it. It has recovered more stolen
      monies in the last two years than it ever did since it was formed. EFCC
      has been more efficient and live up to its duties in the last two years
      under Buhari than ever, which is confirmed by the former head of the
      agency. Nuhu Ribadu said and i quote; “If previous administrations had
      the political will to fight corruption, it would not have become
      endemic. EFCC, under the current leadership now have the most vital tool
      needed in this war, namely political will.”

      – BVN – Jonathan
      established BVN but he never implemented it, despite having ample time
      to do so, that is not a record anyone should be proud of. Intentions are
      nice, but ultimately intentions don’t really matter, it is action that
      does. BVN, under President Buhari had eliminated ghost workers and
      reduced waste, thereby saving the nation N20 billion monthly. The
      consolidation of 20,000 accounts had saved the nation N4.7 billion, that
      is N24.7bn every month in the last two years; do the maths again. Not
      to talk of future savings. I know skeptics would want to argue the
      figure but no one can deny that Jonathan’s BVN which gave us ZERO
      cannot be compared to Buhari’s BVN that had saved billions.

      Yes corrupts elements are not being thrown behind jail as anticipated, but
      in the two years of Buhari, the nation witnessed the retrieval of
      corrupt proceeds like never seen before since 1999. Corruption fighting
      agencies have also be strengthened like no one ever did, not even
      Obasanjo that set it up; this is confirmed by Nuhu Ribadu, and who is
      better placed to comment on EFCC than someone who was once the head of
      the agency. Everything i wrote are verifiable facts. But talks are cheap facts are sacred

      • Adele Uhuru

        Funny man – it almost seems like you glossed over the truth just to score points for a fledgling administration that have created a circle of stealing from the political thieves (also from the areas where they can get away with it) that are not close to them, knowing that these former and current thieves will not cry fowl since they made their monies illegally- Buhari administration enacted the whistle-blower act but it was ultimately the prior administration that proposed it- it was done to justify the persecution of the opposition since all these political elites and politicians including those in APC are severely compromised with corrupt ways and means of wealth acquisition…. Buhari himself is severely corrupt also look at his progression excessive medical tourism, his kids all were educated in UK, his wife lately shops are th Harrods in UK constantly, his close aids are all reamed in corrupt practices the MTN deal, The grass cutting issue, the Maina corruptions and cover-up, currently the NNPC twice acts of illegality- all the promises made to capture the apex office were fraudulent to-date……….So please quit with your glossing over the ineptitude of this current administration, with its fraudulent and corruption progression of governance approach .

        • Anasieze Donatus

          You ended up saying nothing because i actually thought you wanted to make any point. PMB children schooling in UK has never been news because they have been schooling in UK before he became your President, His wife shopping in Harrods is one of the street gossips you rely on but lets assume it is true, what is so special about Harrods because i do shop their and have never worked for any Government and it just seems you are attracted to the name because you heard it for the first time and thought things are sold to only Millionaires.The MTN deal you mentioned is another market gossip and if you are sure please publish the senate probe report on the deal or remain silent. Where is the SGF that was involved in the grass cutting issue,he lost his job and EFCC is continuing with his case. Maina case is and has been in Court and if you know where Maina is ,head to EFCC as theu have declared him wanted to face his trail .NNPC case you mentioned shoes the heart of another Nigeria who hears a news and do not follow up to the logical conclusion because what Kachikwu said was that DUE PROCESS was not followed in the award of the Contract and when it down on him that their the said contract was never awarded ,he presented the same contract last week to FEC for approval and if you are real ,you would have seen him on News telling Nigerians that the contract has been approved. The truth is that NOBODY CAN PLEASE NIGERIANS NO MATTER HOW HARD HE OR SHE TRIES ,THE ONLY THING THAT FITS NIGERIANS ARE BAD LEADERS AND EXCRUCIATING POVERTY AND LEADERS THAT WILL LOOT THEM DRY WHILE GIVING THEM HAND OUTS AND THEY SING THEIR PRAISES,

        • Powerlessconscious

          Anasieze Conatus has corrected you. Make sure you learn to listen to correction and stop blabbing lies.

          • Adele Uhuru

            Blabbing lies – but that is your full time employment-

      • Ifeanyi

        How much did they recover, they established agencies and policies they didn’t know how to use while buhari is achieving results with them

        • Anasieze Donatus

          Next time read carefully before responding instead of responding before reading. The amount is mentioned there and all i expect is for you to dispute it

  • Shahokaya

    Fayose has become a good student of Fani Kayode. The substance they smoke has destroyed the remaining brain in their skull. They are now brainless Wike zombies.

    • Adele Uhuru

      The only brainless entity here is you- why are these huge sums being withdrawn and siphoned off the NNPC and the excess crude account with out a public discussion and deliberation are these funds only for the fraudulent and elected office holders that have yielded nothing but pain and mischief to the populace of this amalgamated country ?

      • Shahokaya

        I don’t respond to boys of drug addicts.

        • Adele Uhuru

          That’s exactly what you are “boys of drug addicts”

    • grand maze

      Does the money belong to the Federal government alone. This money belongs to the 3 tiers of government and they did not agree to use their money to fund insurgency.

  • chinedu

    This sounds interesting. I may not like this man. But his point here should not just be dismissed. We all are still witnesses to the mainagate. He has given some of us food for thought.

  • Olatubosun

    You have started, mad dog

  • wode

    A thief has the mindset that others are thieves like him.

    • Adele Uhuru

      Nope, sorry a thief is just a thief and act like a thief just like the current administration’s progression now ……………..

  • grand maze

    This is not news. Right from the announcement of that disbursement, we said it immediately that it is money stolen by APC and Buhari for 2019 elections. Buhari is corrupt, APC is corrupt. The Canaan land for Nigeria is still very far.

    • Alhaji

      Do you believe in Nigeria’s court system? If yes, all politicians would have been in jail serving not less than 5000000 years each for stealing.

  • Annabelle

    Nigerians are dying of hunger and frustration, no electricity, no clean water or clean air, no security, no jobs, nothing. People are being sold as slaves and dying in the desert and mediterranean in an attempt to escape the hell hole called, “Nigeria” yet, all the rulers can think of, is to continue to steal and divert the nation’s funds into their personal offshore accounts and selfish political/family ambitions! Good job, thieves!!!

  • Annabelle

    Fayose is just as corrupt as the rest of the pack! Even the air in Nigeria is corrupt! Hmm!

  • ABEL IKE

    PDP GOVERNORS SHOULD HAVE OPPOSED THE SPENDING WHEN THEY ARE BATTLING TO EVEN PAY SALARIES

    • okenwa

      PDP governors like umahi and obiano abi?

      • ABEL IKE

        Hahahaha may God save our country

  • zacchaeus Akinleye

    Let the federal government wind up the operations if Nigerians believe the Boko Haram threat has been fully contained. And let no one blame the FG is bombs explode in your kitchen. Shame on those pandering for political correctness while putting the wellness of the nation in great peril !

    • Joe

      Most Nigerians are ill informed. There is a constitutional process known by law to get the money approved, but the executive bypassed it, that is one. Two, budget was recently presented in the NASS that runs into hundreds of billions of naira for the fight against the insurgency, so what was the use of the budget if the executive decided to cash $1billion illegally?. This government is not transparent. The issue of N50billion, $25billion etc are still hanging, now they brought $1billion. Boko haram war has become an ATM for those in position of authority and the north east war will never stop, except we have God’s fearing leader. Most people in borno believe that shettima is the one backing book haram!!!

  • aisha ani

    You people should please stop insulting the PDP vice Presidential candidate, Fayose is Atiku’s running mate.

  • Mufu Ola

    Fayose, go tell that to your “friend” Wike. Only he can believe you.

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