Many reactions have trailed the decision by the Federal Government to withdraw $1 Billion from the Excess Crude Account with the official explanation for the use of the money being the fight against Boko Haram.
Not everyone is convinced, most especially Executive Governor of Ekiti state, Ayodele Fayose who is of the opinion that the money is actually going to fund Buhari’s 2019 re-election bid.
According to the Governor, “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, December 15, 2017 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 774 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.”