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.

We also reject the banal and ludicrous
demand by the PDP Spokesman, Olisa Metuh
that the PDP government which was ousted by
Nigerians at the last general elections for
running the country aground, be given some
credit for "saving" the funds that were
disbursed as part of the intervention package
approved by President Buhari.

Mr. 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.

As we clearly stated yesterday, the funds
approved by President Buhari for sharing to
the three tiers of government on Monday came
entirely from dividends and taxes paid to the
Federation Account by the Nigerian Liquefied
Natural Gas Company (NLNG), not from the
Excess Crude Account.

The disbursed NLNG dividends and taxes were
paid into the Federation Account in June this
year and confirmed by the Central Bank's
Statement to the Federal Government on July
7, 2015.

The funds cannot therefore be
considered "savings" by the Jonathan
Administration which left office in May, 2015,
as disingenuously claimed by Mr. Metuh.
Instead of being repeatedly impugned and
castigated by the PDP and its agents for
honestly telling Nigerians that the nation's
treasury has been immensely depleted and its
resources looted or squandered under
previous administrations, President Buhari
should be commended for the openness,
transparency and accountability which he has
now brought to the management of national
funds.

It was in keeping with that disposition, that the
President promptly disclosed the accrual of the
NLNG dividends and taxes to the Federation
Account at his recent meeting with State
Governors and approved the convening of a
special session of the FAAC to share it.

As a state governor who was present at the
meeting remarked, under past administrations,
the states never had the benefit of such
disclosures.

Mr. Metuh and others who now ungratefully
see Monday's disbursement of the NLNG
proceeds as their "legitimate" earnings and
not a "bailout" from the Federal Government
may wish to tell Nigerians if such earnings
were ever disclosed by the PDP Federal
Government and paid to the states in the past.

The public may also wish to note that the
Buhari Administration itself has never referred
to the actions which it has taken to ease the
current financial difficulties of states as a
"bailout".

Femi Adesina
Special Adviser to the President
(Media & Publicity)
July 8, 2015

Source: saharareporters.com/2015/07/08/former-president-jonathan-depleted-treasury-presidency-insists

Hmm

time will tell

So now another name for PDP is olisa metuh!

MosakuAW:


As we clearly stated yesterday, the funds
approved by President Buhari for sharing to
the three tiers of government on Monday came
entirely from dividends and taxes paid to the
Federation Account by the Nigerian Liquefied
Natural Gas Company (NLNG), not from the

It was in keeping with that disposition, that the
President promptly disclosed the accrual of the
NLNG dividends and taxes to the Federation
Account at his recent meeting with State
Governors and approved the convening of a
special session of the FAAC to share it.
As a state governor who was present at the
meeting remarked, under past administrations,
the states never had the benefit of such
disclosures.

Femi Adesina

No one takes olisa metuh serious, how does he reconcile the ousted govt borrowing to pay april salary & "saving" for a government that sent them packing...

So laughable..

ITSaWRAP:
time will tell

This is a qualified answer
Wondering what the poster below me would put up..

God bless us

The strike force of adesina and dulllardinho will be deadly in fullness of time. Femi is gradually behaving like a dulllard

Great effort by the president. The days of federal government illegally cornering what belongs to state and local government is over. This is the change we voted for. Transparency and openness of all sources of government revenue. No more impunity.

I dont trust this our current Minister of Finance General Buhari with facts and figures. I mean, he doesnt even have any degree in any relevant field.

Bunch of lying idiots!!! You got N700Bilion from taxes in June baa? Well lets see how much tax you will make from CBN and NLNG in the coming months.Oloribruku ode

As a state governor who was present at the meeting remarked, under past administrations, the states never had the benefit of such disclosures.

If an independent probe with power to jail is set aside to investigate sharp practices in this country, many polithiefcians won't escape Kirikiri.

Almost empty....Now Depleted....hmmmm... why can't this government concentrate on good governance. If the account is empty or depleted then invite EFCC to go after GEJ

Olisa metuh again? That guy needs deliverance

ELTON123:

Bros, what happened?

modath:

Bros, what happened?

ChelseaDr:
Almost empty....Now Depleted....hmmmm... why can't this government concentrate on good governance. If the account is empty or depleted then invite EFCC to go after GEJ

I advise you go back to school if you don't know there is no difference between "virtually empty" and "depleted".

Too many kids on Nairaland.

Jonathan was a curse.

DropShot:

I advise you go back to school if you don't know there is no difference between "virtually empty" and "depleted".

Too many kids on Nairaland.

I was rather worried about the wisdom in the repetition..... in any case l will heed your advice....thank you.

yt