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APC Seeks Probe Of NLNG Payments Under Jonathan by paulworld(m): 11:31am On Jul 13, 2015 |
The All Progressives Congress has asked President
Muhammadu Buhari to probe the administration
of former President Goodluck Jonathan over $5.5bn
dividends said to have been paid to the Federal
Government by the Nigeria Liquefied Natural Gas
Limited.
A statement by the National Publicity Secretary of
the APC, Alhaji Lai Mohammed, on Sunday,
urged the Buhari-led Federal Government to also
probe the taxes and dividends accruable to the
Jonathan administration through the NLNG in
the last six years.
The statement said, “We can tell Nigerians that
apart from the said $1.6bn NLNG payment for
2015, NLNG also paid $1.4bn as Income Tax/
Education Tax in May 2014, paid $0.3bn as
Education Tax to the FG in 2011, 2012 and 2013
and $1.2bn in VAT and Withholding Tax to the FG
since 2009. These payments are just those made in
the past six years alone, hence there were other
payments before then.
“In addition, dividend payments totaling
$4,728,136,946 was paid to the Federal
Government between 2004 and 2009, out of which
only $127,851,348.19 was credited to the Federal
Government’s Independent Account with JP
Morgan, leaving a balance of over $4bn. The
questions to ask, therefore, are why were all the
past taxes and dividends neither fully paid into
the Federation Account nor shared by the three
tiers of government and what happened to the
funds?”
The APC’s demand for probe was against the
backdrop of an allegation by the Peoples
Democratic Party that the $2.1bn approved by
Buhari to be shared among states of the federation
was from the Excess Crude Account.
The ruling party insisted that the $2.1bn was not
taken by the Presidency from the ECA and that it
was wrong and misleading of the opposition
party to make such an allegation.
“Whereas the Presidency corrected the initial
erroneous report that the shared money was
sourced from the Excess Crude Account, the skittish
opposition continued to insist it was from the ECA
and that it was part of the ‘savings’ by the
Jonathan administration,” the APC added.
The party, therefore, asked the Federal Government
to probe the immediate past government on where
it kept the $5.5bn which it said was the dividend
paid to the Federal Government by the NLNG
before the May 29 handover.
“We didn’t see the $5.5bn in the system. Let them
show Nigerians where it is,” the APC said.
It advised the opposition to desist from telling lies,
stressing that the Buhari government was
committed to clearing the rot by the past
government and ensure that all funds due to the
federation account were paid.
The statement added, “According to the PDP,
President Goodluck Jonathan asked that the
money be ‘left for the incoming administration to
manage’. It is important for the party, therefore,
to tell Nigerians in which account the money was
‘saved’ because it is definitely not in the Federation
Account.
“Had the PDP embraced these cardinal principles,
it would not have in the rush to belittle the
package that was approved for the states by
President Buhari and to discredit his
administration, engaged in outright lies and
selective perception.
“While the PDP became fixated on the source of the
money shared by the states, it forgot that there
were other measures in the package that included
a special intervention fund of between N250bn
and N300bn from the Central Bank of Nigeria as
a soft loan available to states to access for the
purpose of paying the backlog of salaries.
“The PDP also forgot the debt relief programme
designed to assist the states to restructure their
commercial loans of N660bn – with a view to
extending the lifespan of such loans and reducing
the states’ debt-servicing expenditures. That way,
the states are freed from their perennial inability
to pay workers’ salaries, and more funds are
available to the various governments to use for the
benefit of the people.”
“They have forgotten that the only time in the
country’s history that this kind of rescue package
was made was also during the tenure of
Muhammadu Buhari as military Head of State.”
The opposition party, in a statement by the PDP
National Publicity Secretary, Chief Olisa Metuh,
described as “misleading and outright falsehood”
the statement credited to the APC.
It said, “The truth is that the NLNG had been on
a 10-year tax haven until 2014. Within this
period, successive governments, right from President
Olusegun Obasanjo, never shared nor tampered
with the cumulative dividends.
“Whatever taxes paid from the NLNG went
through the Federal Inland Revenue Services and
recorded as part of the income of the Federal
Government. It is imperative to note that by the
end of the tenure of President Goodluck Jonathan,
NLNG dividends had risen to a cumulative $5.6bn
and not a single cent was ever taken from the
funds.” www.punchng.com/news/apc-seeks-probe-of-nlng-payments-under-jonathan/ |
Re: APC Seeks Probe Of NLNG Payments Under Jonathan by feldido(m): 11:32am On Jul 13, 2015 |
Let the witch hunting begin |
(1) (Reply)
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