The 16 years rhetorics of the saintly APC: matter arising.
HIstory of Excess Crude Account ECA
Obasanjo left $20 billion
Rotimi Amaechi, Babatunde Fashola led by Bukola Saraki in 2008 instituted a lawsuit against the Yar'adua government calling for the sharing of the $15billion ECA. Yar'adua in 2009 opted for out of court settlement. By end of 2009 it had dropped from $15billion to $6.5billion. Okonjo Iweala was not finance minister. Money was disbursed by Accountant General Alhaji Ibrahim Dankwambo.
YarAdua Left $6.5 billion = Jonathan Inherited $6.5billion ECA
Governors insisted that the $6.5 billion ECA be shared. In January 2010, Jonathan acceded to the governors' and shared $2 billion from the ECA. Despite the almost $4billion shared between January and May 2010, the Governors led by Bukola Saraki demanded that the left over $3billion ECA be shared. In August 2010 the FG under Jonathan bugged and withdrew the $3billion from the Excess Crude Account, leaving behind a meagre $460 million.
Ngozi Iweala Era 2011 - 2015
Under Okonjo Iwaela as the Finance Minister the government started having renewed battle with the governors led by Chibuike Amaechi.
In October 2011 Babtunde Fashola set up a team of SAN, threatened and demanded that the $1billion saved in Sovereign Wealth Fund be shared along with the billions in ECA. Jonathan proposed out of court settlement. Despite the out of court settlement, the Governors were so determined to share the money, instituted another lawsuit again two months later asking the Supreme Court to stop the FG from saving $2billion in SWF but instead "share the money”.
Between 2011 to 2014 federal government took N3.29 trillion while the 36 states received a total of N2.92 trillion. They received N966.6 billion in 2011, N816.3 billion in 2012, N859.4 billion in 2013 and N282.8 in 2014.
Government Grew ECA From $450m in 2010 to $9billion in 2015
As at August 2010, the ECA stood at meagre $450million. However, the NOI/GEJ increased this money to $9billion at the end of 2015.
Now here are the key players.
Rotimi Amaechi (APC/South South) is your Minister of Transport.
Babatunde Fashola (APC/South West) is your Minister of Power, Works and Housing
Busola Saraki (APC/Middle Belt) is your Senate President.
Alhaji Ibrahim Dankwambo (PDP/North East) is Governor of Gombe State.
Wake up from party and regional affiliation, Join the revolution. From North to south, West to East our current leaders are all vampires sucking the blood that flows throw all of us from 1966. This is about our collective future.
■Benjamin Oyinloye wall hope for Nig

You began the story from Yar' adua and your topic is The 16 years rhetorics of the saintly APC which was 8yrs.

Tell me what transpired with the money before the request that the money be shared comes from? With the massive looting during GEJ era do you think saving would stand the chance?

We all knew the billions of dollars that was spent on Election which was even more than the ECA that was shared between 35 states including FCT. Mind you 2.1bn$ by dasuki was it also shared with Fashola and Amechi? I think the 2.1b $ was a token they decide to manage for elections alone if the ECA funds has been available nothing would have been available to be shared.

When Amechi and Fashola raised the issue for the money to be shared was it shared between both of them alone or to all 36 states? What has your own state did with his own share?

Add all the money together under investigation by EFCC by last administration is 3 times higher than the funds you re taking about.

If you re a Governor and you forsee no way savings could be possible as GEJ cronies are stead to squander everything much later what will you do?

You re learner in this propangada go get more training from Lai Mohammed before you come here to post.

Over to you wailing wailers

The rogue wants revolution because looting is no longer possible, i will join him when his fathers have return what they have stolen