Buhari to governors: Days of impunity, lack of accountability is over! @hitcitytv

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Press statement from Presidency below…
President Buhari Tuesday in Abuja assured State
Governors that the days of impunity, lack of
accountability, and fiscal recklessness in the
management of national resources are over in
Nigeria. Speaking at a meeting with the
Governors in the Presidential Villa, President
Buhari also vowed that funds stolen by
government officials who abused their offices in
the recent past will be recovered and systemic
leakages stopped.
“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, ” the President told the governors.
Expressing surprise that  the governors had
tolerated the atrocities allegedly committed with
the Excess Crude Account since 2011, President
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, adding that what he had
heard  was going on in many agencies and
corporations, particularly the NNPC, was clearly
illegal.
On the refund of monies spent on federal
projects by state governments, President  Buhari
assured the governors that the Federal
Government will 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   will 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,” President Buhari assured the
Governors.
On an immediate lifeline for states that owe
salaries running into many months, President
Buhari said that a committee headed by the Vice
President, Professor Yemi Osinbajo, will look at
the Excess Crude Account and see what can be
shared immediately.
The governors, led by Chairman of the Governors
Forum, Abdulaziz Yari of Zamfara State, had
presented a wish list to the President
that  included:
Ø Obedience of extant Supreme Court ruling that
all monies go into the Consolidated Federation
Account;
Ø An order from the President that all revenue
generating agencies must pay into the
Consolidated Federation Account;
Ø Review of the Revenue Allocation Formula;
Ø Refund of the monies expended by states on
federal projects;
Ø A special consideration for the three states of
the North East under Boko Haram infestation;
Ø  Full details of the amounts that accrued into
the Excess Crude Account from 2011, and how
the money miraculously shrank without official
sharing.
Femi Adesina
Special Adviser to the President
(Media and Publicity)

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