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

.??

I miss GEJ. God bless you sir.

GEJ.....ur footprint shall neva be wiped out.....
Buhari lied....i hope u are seeing it
change indeed....

And the controversy lingers on

GEJite for life. Buhari is a mistake

Apc with cheap propaganda!hope buhari ll nt sact this man

Ghen ghen

Another PDP propaganda. Useless source, by the way.

Lie mohammed terrorists Buhari picture uploading administration

APC is just full of propaganda and lies...

Propaganda!
They want to make it look like GEJ did nothing at all!

[size=13pt][font=serif] what's NLNG? I dey look/font][/size]


Check d pics

Of course! We all know who's telling the truth here

What did you expect from a government of lies and propaganda, say one thing today and counter it tomorrow is that not confusion setting in? Few months of taking over it seems the lies of the election will not end and confusion has taken over. One chance government.

Wow!GEJ get brain na some people around am just be the problem

And expect another story tomorrow. Season of fake stories. PDP are all fakes!

CHANGE!

Don't understand
Why this pple like lies
APC and Buhari is this the change


Pls tune in to 102.1 fm To listen to radio Biafra live

Not too surprised

H

A house built on lies can only be sustained on lies. The most righteous man in Nigeria has gone astray again. GEJ, While-You-Were-Away, they lied again, but NLNG has vindicated you. My only problem with this unprepared administration is that they act before they think.

All ye people of shallow mind, read, una no gree read, the little ones you'll read, comprehending will become a problem, tell me where in the previous reports on this issue, the present govt claimed the money was generated during its tenure. The argument was that previous remittance from NLNG were not properly accounted for. They never said they generated the money.
The level of reasoning of some so called youth on nairaland make u wonder if no be coconut water dey their head.

Buhari is a terrorist - Elrufai

ammyluv2002:
Of course! We all know who's telling the truth here

The headline is misleading. Did the presidency anything different?
Time will tell.

Say it again

Themonster:
Buhari is a terrorist - Elrufai

GEJ my Hero

WhatDoYouMean:
A trademark

Believe APC at your own peril.

Besides, only a dummy will believe NLNG generated such amount of money in a month under Buhari. Same set of people believe improved power supply is of Buhari’s making in less than a month without considering water levels in our dams at this time.

Illiteracy is worse than corruption.

Buhari has added lieing to being senile with azheimer and amnesia diseases. Daura Dullard_