The Managing Director of Nigerian Liquefied Natural Gas, NLNG, Ltd, Babs Omotowa has insisted that the N1.2 trillion bailout fund for States was generated by the administration of former President Goodluck Jonathan.

Omotowa who made this known in an interview refuted claims by the presidency claiming the fund was not generated from Jonathan’s administration.
The NLNG boss while confirming that $1.6bn was paid to the Government from operations said “We did not pay the government $1.6billion dividend but $1.6billion corporate income and education tax, which is different from dividend.”

He however insisted that “this of course is from our activities in 2014.”

Following the plea by some State Governors to President Muhammadu Buhari for rescue in order to pay workers salary, Buhari assented to the release of the sum of N1.2 trillion last week.

At least 12 of the 36 States including Osun, Rivers, Oyo, Ekiti, Kwara, Kogi, Ondo, Plateau, Benue, and Bauchi states are believed to owe their workers over N110billion in salaries and allowances.

Following the release of the fund, the Peoples Democratic Party (PDP) in a statement through its National Publicity Secretary, Olisa Metuh insisted that the fund was saved by the immediate past administration.

“It is gratifying to note that gradually the evidence of monies left behind by the PDP-led administration is coming to public light despite effort by the new government to hide the facts.
“The public had been made aware that $2 billion was left in the ECA for which the Accountant–General and the APC confirmed approvals for the withdrawal of $1.7 billion.” The statement read.

In reaction to the above, the Presidency in a statement through the Special Adviser on Media and Publicity, Femi Adesina, said the PDP claim was false and ridiculous.

Adesina in the statement said “The Presidency deplores the attempt by the PDP and its agents to create an unnecessary controversy over the well-intentioned effort by President Muhammadu Buhari to give some relief to state governments and long-suffering public sector workers.

“Metuh’s claim that a significant amount of the funds came from savings accumulated in the Excess Crude Account and handed over to the Buhari administration is completely false and deliberately intended to mislead the public,” it added.
​Also, Dr. Cairo Ojougboh the PDP National Vice-Chairman S/South had accused Buhari of going about the bailout process in the wrong way.

He insisted that the Senate should have appropriated the funds, not the executive.

This will be the second accusation of impunity the federal government is facing, after being accused of masterminding the occupation of 22 Rivers State councils by the state Police Command.

http://www.post-nigeria.com/bailout-jonathan-generated-the-funds-used-nlng-md-insists/

why is it so hard to hear the truth this days
am tired of all this lies. APC will soon explode if they don't repent

Ok let's use this simple analogy to paint a picture insinuated by this ill intended report.

Let's say you worked for your boss and he refused To pay you for 1 year, which you have been contesting, then there is a change of government which protects the rights of employees, and in order to avoid prosecution, your boss has suddenly decide to pay you. Would you give credit to the new government or the old government?

Ps: some people will not understand this very simple analogy.

What did he do with the one generated under him

Before you know PMB has removed him!

;(

And even if he generated it. It is his Papa's money or family money?

What rubbish is this sef?


Wasn't he paid for his work stupendously as the president or of what use is him being the president?

Stupid mofos.

Where is the correlation? The activities of 2014 generated the money in 2015, what is your issue with that? Government resources is a continuum.

socialmediaman:
Ok let's use this simple analogy to paint a picture insinuated by this ill intended report.

Let's say you worked for your boss and he refused To pay you for 1 year, which you have been contesting, then there is a change of government which protects the rights of employees, and in order to avoid prosecution, your boss has suddenly decide to pay you. Would you give credit to the new government or the old government?

Ps: some people will not understand this very simple analogy.

Okay

Truth is like light. You can not hide it.

Discrediting Jonathan will never erode his credits.

The hand can never cover d moon.

Lies no matter How long it was told, will one day be exposed.

The speed at Which buhari's attack dogs replied the metuh's assertion shows something is being covered up.

Metuh spoke d truth actually and the propaganda party wanted his head. Minister of finance prof oshiomole with school certificate has been trying to cover d truth by his incoherent and silly attacks on NOI..

Shame to apc