The Chairman of the Nigeria Governors’ Forum, who is also the Governor
of Rivers State, Mr. Rotimi Amaechi, has alleged that the sum of $5b
was withdrawn, mysteriously, from the Excess Crude Account.
Amaechi, who spoke at the NGF retreat held in Sokoto on Saturday, said
there was $9b in the account in January this year, but regretted that the
amount had depleted without the governors knowing why the money was
withdrawn.
He regretted that it happened to an account belonging to the three tiers
of government, namely federal, states and local governments.
He said, “The Excess Crude Account in January was N9bn. That account
belongs to federal, states and local governments. Today it is N4bn. We
don’t know who took the $5bn.”
Money accruing from the Federation Account and the sharing of the
money by the Federal Account Allocation Committee was one of the
topics discussed at the retreat.
Amaechi also alleged that the Federal Government had been using anti-
corruption agencies to harass governors, who held different opinions
from that of President Goodluck Jonathan.
He wondered why the anti-corruption agencies had refused to visit other
government establishments like the federal ministries of work, finance,
Niger Delta and even the Nigerian National Petroleum Corporation.
Instead of this, he said the Economic and Financial Crimes Commission
was always going to such states like Kano and Jigawa, where governors
of the affected states held different political views from that of President
Jonathan.
He said, “Today, the EFCC is either in Jigawa or in Kano states because
they (the governors) disagree with the President. What about NNPC?
What about Ministry of Niger Delta and the Ministry of Works?
“The whole governors put together receive 26 per cent from the revenue
of the Federation. The Federal Government gets 52 per cent. And with
that 52 per cent, nobody goes after the Federal Government to say how
did you spend it. And then you go after those who get 26 per cent.
“Even if you recover all the 26 per cent, what have you benefitted from it
as against those who have stolen 52 per cent?”
Justifying that the Federal Government was against the states it
perceived as having different political opinions from that of the
President, Amaechi alleged that the Minister of Finance, Dr. Ngozi
Okonjo-Iweala had refused to approve the loan his state negotiated with
the African Development Bank.
He said talks and agreement had already been concluded on the $200m
loan, which he said was going to be used for water projects in Rivers
State.
According to him, “All the requirements have been met to give us
$200million as loan for water in Rivers State. We travelled and
concluded every arrangement but the Minister of Finance, who by
international standard is recognised in the world, has refused to sign for
us to provide water for Rivers people.”
The Speaker of the House of Representatives, Mallam Waziri Tambuwal,
said there was the need to amend the Constitution, which he said
conferred too much powers on the Federal Government.
Tambuwal, who spoke on the ‘Role of states in deepening democracy
and good governance in Nigeria’, said that parliamentary system of
government was good, but regretted that it was terminated by the
military.

www.punchng.com/news/5bn-missing-from-excess-crude-account-amaechi/
[url]The Chairman of the Nigeria Governors’ Forum, who is also the Governor
of Rivers State, Mr. Rotimi Amaechi, has alleged that the sum of $5b
was withdrawn, mysteriously, from the Excess Crude Account.
Amaechi, who spoke at the NGF retreat held in Sokoto on Saturday, said
there was $9b in the account in January this year, but regretted that the
amount had depleted without the governors knowing why the money was
withdrawn.
He regretted that it happened to an account belonging to the three tiers
of government, namely federal, states and local governments.
He said, “The Excess Crude Account in January was N9bn. That account
belongs to federal, states and local governments. Today it is N4bn. We
don’t know who took the $5bn.”
Money accruing from the Federation Account and the sharing of the
money by the Federal Account Allocation Committee was one of the
topics discussed at the retreat.
Amaechi also alleged that the Federal Government had been using anti-
corruption agencies to harass governors, who held different opinions
from that of President Goodluck Jonathan.
He wondered why the anti-corruption agencies had refused to visit other
government establishments like the federal ministries of work, finance,
Niger Delta and even the Nigerian National Petroleum Corporation.
Instead of this, he said the Economic and Financial Crimes Commission
was always going to such states like Kano and Jigawa, where governors
of the affected states held different political views from that of President
Jonathan.
He said, “Today, the EFCC is either in Jigawa or in Kano states because
they (the governors) disagree with the President. What about NNPC?
What about Ministry of Niger Delta and the Ministry of Works?
“The whole governors put together receive 26 per cent from the revenue
of the Federation. The Federal Government gets 52 per cent. And with
that 52 per cent, nobody goes after the Federal Government to say how
did you spend it. And then you go after those who get 26 per cent.
“Even if you recover all the 26 per cent, what have you benefitted from it
as against those who have stolen 52 per cent?”
Justifying that the Federal Government was against the states it
perceived as having different political opinions from that of the
President, Amaechi alleged that the Minister of Finance, Dr. Ngozi
Okonjo-Iweala had refused to approve the loan his state negotiated with
the African Development Bank.
He said talks and agreement had already been concluded on the $200m
loan, which he said was going to be used for water projects in Rivers
State.
According to him, “All the requirements have been met to give us
$200million as loan for water in Rivers State. We travelled and
concluded every arrangement but the Minister of Finance, who by
international standard is recognised in the world, has refused to sign for
us to provide water for Rivers people.”
The Speaker of the House of Representatives, Mallam Waziri Tambuwal,
said there was the need to amend the Constitution, which he said
conferred too much powers on the Federal Government.
Tambuwal, who spoke on the ‘Role of states in deepening democracy
and good governance in Nigeria’, said that parliamentary system of
government was good, but regretted that it was terminated by the
military.

www.punchng.com/news/5bn-missing-from-excess-crude-account-amaechi/
[/url]The Chairman of the Nigeria Governors’ Forum, who is also the Governor
of Rivers State, Mr. Rotimi Amaechi, has alleged that the sum of $5b
was withdrawn, mysteriously, from the Excess Crude Account.
Amaechi, who spoke at the NGF retreat held in Sokoto on Saturday, said
there was $9b in the account in January this year, but regretted that the
amount had depleted without the governors knowing why the money was
withdrawn.
He regretted that it happened to an account belonging to the three tiers
of government, namely federal, states and local governments.
He said, “The Excess Crude Account in January was N9bn. That account
belongs to federal, states and local governments. Today it is N4bn. We
don’t know who took the $5bn.”
Money accruing from the Federation Account and the sharing of the
money by the Federal Account Allocation Committee was one of the
topics discussed at the retreat.
Amaechi also alleged that the Federal Government had been using anti-
corruption agencies to harass governors, who held different opinions
from that of President Goodluck Jonathan.
He wondered why the anti-corruption agencies had refused to visit other
government establishments like the federal ministries of work, finance,
Niger Delta and even the Nigerian National Petroleum Corporation.
Instead of this, he said the Economic and Financial Crimes Commission
was always going to such states like Kano and Jigawa, where governors
of the affected states held different political views from that of President
Jonathan.
He said, “Today, the EFCC is either in Jigawa or in Kano states because
they (the governors) disagree with the President. What about NNPC?
What about Ministry of Niger Delta and the Ministry of Works?
“The whole governors put together receive 26 per cent from the revenue
of the Federation. The Federal Government gets 52 per cent. And with
that 52 per cent, nobody goes after the Federal Government to say how
did you spend it. And then you go after those who get 26 per cent.
“Even if you recover all the 26 per cent, what have you benefitted from it
as against those who have stolen 52 per cent?”
Justifying that the Federal Government was against the states it
perceived as having different political opinions from that of the
President, Amaechi alleged that the Minister of Finance, Dr. Ngozi
Okonjo-Iweala had refused to approve the loan his state negotiated with
the African Development Bank.
He said talks and agreement had already been concluded on the $200m
loan, which he said was going to be used for water projects in Rivers
State.
According to him, “All the requirements have been met to give us
$200million as loan for water in Rivers State. We travelled and
concluded every arrangement but the Minister of Finance, who by
international standard is recognised in the world, has refused to sign for
us to provide water for Rivers people.”
The Speaker of the House of Representatives, Mallam Waziri Tambuwal,
said there was the need to amend the Constitution, which he said
conferred too much powers on the Federal Government.
Tambuwal, who spoke on the ‘Role of states in deepening democracy
and good governance in Nigeria’, said that parliamentary system of
government was good, but regretted that it was terminated by the
military.

[url][/url]

..

Ameachi complains like a woman. Gosh.

Yes, I do not like his person but he made an important point "52% is for federal and 26% for state" How much of federal project in your state?
Do they justify the 52% revenue from the state?
Let us begin to ask important questions

Ok . . Amaechi watch ur @ss

If the crap allagedly accredited to the Rivers State governor is remotely true, then Amaechi’s parentage needs to be properly examined. There is nothing Igbo or even Ikwerri for that matter in the bloody jackass.

5 billion dollars is not 5 thousand naira and so i dont believe it can just disappear or be "missing" as Amaechi puts it from the ECA. My belief is that due to shortfalls in crude oil earnings, the fg has had to dip into savings to keep the country running smoothly but of course thats my view. If Amaechi or anyone can prove that the money was stolen then by all means all crooks responsible should be brought to book. Situations like this is why ive always been advocating a diversification from crude oil alone to other solid minerals which we are richly blessed with and a 70% reduction in the emoluments of all our elective officers from the executive down to the least councillor.