Buhari wants to use $1bn Excess Crude Money to fund 2019 election, not fight Boko Haram…Fayose

Buhari wants to use $1bn Excess Crude Money to fund 2019 election, not fight Boko Haram…Fayose

Sam Oluwalana

Ekiti State Governor, Mr Ayodele Fayose has raised the alarm that the
$1 billion purportedly approved by the state Governors, to be withdrawn from the Excess Crude Account to fight Boko Haram is actually a grand ploy by the Muhammadu Buhari- administration to loot the treasury.

Fayose wondered why the Federal Government weho had earlier declared that it had defeated the Boko Haram terrorist sect is now planning to commit a whopping 1 billion dollars, which the equivalent of the monthly allocation for all the three tiers of Government.
“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 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,” Governor Fayose said.

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, adding that; “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.

  • Okeyemi Adewale Adediran

    I for one know that the money is for 2019 presidential campaign. The presidency will deny it but the truth will soon come out. I’m not a fan of Ayodele Fayose, but I agree with him on this.