N2.3 Trillion Debt: APC Governors Asks Jonathan To Call NNPC, Finance Ministry To Order

The Eleven State governors under the Progressives Governors Forum, PGF, have asked the NNPC to show the total amount it took as revenue in january and how much of it was paid into the Federal Account.

apc-governors-488x300The governors all belonging to the All Progressives Congress APc, said this in a statement on monday reacting to the Corporation’s denial of debt of N2.3 trillion allegedly being owed to the Federal Account.

The governors are Kashim Shettima (Borno), Adams Oshiomhole (Edo), Kayode Fayemi (Ekiti), Rochas Okorocha (Imo) and Babatunde Fashola (Lagos). Others are Tanko Al-Makura (Nasarawa), Ibikunle Amosun (Ogun), Rauf Aregbesola (Osun), Abiola Ajimobi (Oyo), Ibrahim Gaidam (Yobe) and Abdulaziz Yari (Zamfara).

The Acting Group General Manager, Group Public Affairs Division of NNPC, Tumini Green, had in a statement, claimed that the Corporation did not owe the Federation Account payments, adding that the Corporation had made payments consistently into “its Central Bank of Nigeria account”. The governors said, “Our attention was drawn to NNPC’s denial of debt of N2.3 trillion being owed to the Federation Account

The statement, which is credited to Acting Group General Manager, Group Public Affairs Division, Ms. Tumini E. Green, is to say the least escapist, dishonest, contradictory and in many respect fraudulent. “While claiming that NNPC does not owe the Federation Account, “taking into account outstanding subsidies and other associated costs of operations and losses”, the NNPC spokesperson claimed that payments have been made consistently into “its Central Bank of Nigeria account”.

“At the same time Ms. Green emphatically stated that “not all revenues collected by NNPC are paid directly into the accounts of Federal Allocation with the Central Bank of Nigeria. Some are paid into the accounts of the relevant government agencies, like the Federal Inland Revenue Services and the Department of Petroleum Resources, with the CBN. But eventually, all these payments are credited to the accounts of Federation Accounts Allocation Committee, FAAC.”

“The question is how much was the revenue collected by NNPC? How much of it was paid to the Federation Account? How much was paid to accounts of other relevant government agencies? How much are credited to FAAC? How much was committed to the payment of so-called outstanding subsidies? What other associated costs of operations and losses incurred and how much?”

The governors contended that nowhere in the 1999 Constitution has any exception been granted for any collectible revenue outside “proceeds from the personal income tax of the personnel of the armed forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja”. They noted that If any other law had empowered the NNPC or any other government body to do otherwise, it was contradictory, and to that extent, null and void.

The governors said, “We therefore wish to challenge the NNPC to go beyond hypothetical and generalized statements and categorically respond as follows: How much has been realized in oil revenue on monthly basis since January 2013? How much has been paid into any other account of any government agency? How much has been paid to settle so-called outstanding subsidy payments? What are the other associated cost of operations and losses incurred?” The governors noted that the problems of accountability and arbitrary management of oil revenue by the NNPC was at the center of the current FAAC dispute.

They stressed, “The statement by Ms. Green is to say the least escapist, dishonest, contradictory and fraudulent. “Mr. President needs to urgently intervene to protect the image of the Federal Government and safeguard the provisions of the 1999 Constitution.

“We therefore urgently call on Mr. President to call NNPC and Ministry of Finance to order. “We also would like to invite the leadership of the National Assembly to urgently take steps to protect the sanctity of the 1999 Nigerian Constitution.”

2 COMMENTS

  1. APC governors you don’t have the constitutional powers to ask the president about NNPC,if you’re not satisfied go to take NNPC to court,I also know the 7 renegade pdp governors & tambuwal are beating the drums for you behind.

  2. Iweala as an advocate of the western world is trying to corner Nigeria Money for their agency in the world bank but people don’t think to know of that. the increase in the Oil theft is as a result of incompetency and lack of accountability in this Government. Every fishes eat human flesh but Only Shark bears the Bad name. Everybody blames GEJ but he cant do it all and those in his cabinet re not helping matters but worsen the situation plus the Northerners on the deck to truncate and jeopardise his transformation Agenda