States lost billions under Jonathan, Iweala — Oshiomhole

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Edo State Governor, Comrade Adams Oshiomole on Friday in Abuja lauded the effort of president Mohammadu Buhari at ensuring that prudence and transparency returned in the financial dealings among the three tiers of federal, state and local governments in Nigeria.

He accused the past administration of President Goodluck Jonathan of not remitting most proceeds of the Nigerian Liquified Natural Gas, NLNG accrued to the government into the consolidated revenue account, saying that Jonathan’s regime denied the states what was due to them.

Oshiomhole who spoke with State House Correspondents shortly after a private meeting with President Buhari at the Presidential Villa disclosed that States lost about N10 billion each year during the 4 years of Jonathan.

He explained that Buhari’s understanding of the situation was what informed the sharing of about $1.6 billon amongst the states and local governments last week.

The governors insisted that the money was not drawn from the Excess Crude Account, ECA as believed in some quarters of the society.

He said: “We have always been happy with the president because he has been very clear from day one on his campaign promises to putting an end to impunity flagrant disobedience of law and order. And he has promised transparency and order. So it is not just about the bail out but it is completely a new approach that anybody who is a stakeholder in the matters involving the funds of the federation that we all can see through everything. For example all the noise that has been generated over what happened last week, there was nothing extraordinary. What was extraordinary is that the NLNG has over the years been remmitting funds to the federal government.”
States lost billions under Jonathan, Iweala — Oshiomhole States lost billions under Jonathan, Iweala — Oshiomhole Reviewed by Vita Ioanes on Saturday, July 11, 2015 Rating: 5

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