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Nairaland Forum / Nairaland / General / Politics / Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno (2000 Views)
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Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by NaijaEfcc: 8:02pm On Dec 13, 2017 |
It is quite possible that Rotimi Amaechi is losing his marbles otherwise why else would he be asking former President Jonathan to account for the $65 billion that former Olusegun Obasanjo left in the Excess Crude Account when there was never any such amount? Former President Olusegun Obasanjo and the former Governor of the Central Bank of Nigeria who served under his tenure, Professor Charles Soludo are both alive and journalists can take advantage of the Freedom of Information Act signed into Law by former Jonathan to verify from them if there was ever any $65 billion in the Excess Crude Account. Rotimi Amaechi is a notorious ignoramus who speaks without thinking and it is suspected that he is going senile. The reason I say so is because Rotimi Amaechi as Chairman of the Nigerian Governors Forum is precisely the reason why the Excess Crude Account had to be phased out and below are the facts: The Jonathan administration met $6.5 billion in the Excess Crude Account upon inception in 2010 and not $65 Billion as wrongly asserted by Rotimi Amaechi. In fact, the Jonathan Government ought to be praised for increasing the amount in the ECA to almost $9 billion by 2012. However, the Nigerian Governors Forum led by no other person than Rotimi Amaechi, using their influence at the House of Representatives, had gotten that August body to declare the Excess Crude Account illegal in 2012. So excruciating was the pressure from the Nigerian Governors Forum and most notably from the then Rivers state Governor, Rotimi Amaechi, (now the minister of transport) for the Jonathan administration to end the Excess Crude Account and the Sovereign Wealth Fund regimes and instead share the funds in those accounts amongst the three tiers of government that they approached the Supreme Court, to challenge the legality of the Excess Crude Account and then President Jonathan’s decision to transfer $1 billion from that account to the Sovereign Wealth Fund. In fact, after hosting a meeting of the forum on September 21, 2012, at the Rivers state Governor’s lodge, Rotimi Amaechi said inter alia: “On the Excess Crude Account, Forum unanimously decided to head back to Court to enforce the Federal Government’s adherence to the constitution.” To those who do not know what the Constitution says, let me give you an insight by quoting from Section 162. Section 162, provides that “(1) The Federation shall maintain a special account to be called ‘the Federation Account’ into which shall be paid all revenues collected by the Government of the Federation, except the proceeds from the personal income tax of the personnel of the Armed Forces of the Federation, the Nigeria Police Force, the Ministry or department of government charged with responsibility for Foreign Affairs and the residents of the Federal Capital Territory, Abuja. “(2) The President, upon the receipt of advice from the Revenue Mobilisation Allocation and Fiscal Commission, shall table before the National Assembly proposals for revenue allocation from the Federation Account, and in determining the formula, the National Assembly shall take into account, the allocation principles especially those of population, equality of States, internal revenue generation, land mass, terrain as well as population density; “(3) Any amount standing to the credit of the Federation Account shall be distributed among the Federal and State Governments and the Local Government Councils in each State on such terms and in such manner as may be prescribed by the National Assembly.” From the above, it was clear what the Amaechi led Governor’s forum wanted. Mr. Amaechi led the governors in taking the Federal Government to court. The Jonathan administration offered an out of court settlement with the governors in a deal that would have seen the federal government sharing some of the money and saving up the rest for Nigeria’s future but the governors rejected the offer. In fact, the Jonathan Administration had argued at the Supreme Court that sharing the money in the ECA would affect “the day to day running of the nation’s economy”. Working in tandem with Mr. Amaechi and his supporters in the Nigerian Governors Forum, the then minority APC members of the House of Representatives approached a Federal High Court on the 7th of February, 2014, for a perpetual injunction restraining the Jonathan administration from operating the ECA and to pay all the proceeds of that account into the Federation Account for sharing amongst the three tiers of government. As a result of these actions, the Jonathan administration paid the 36 states of the federation a total of N2.92 trillion from the Excess Crude Account between 2011 and 2014. Using the value of the Naira at that time that amount was just above $20 billion dollars. So it is quite clear that anyone who accuses the Jonathan administration squandering $65 Billion ECA funds is speaking in ignorance. What I would advise Rotimi Amaechi to do is to take his own advise from last week when he said “I agree with those who said we should stop criticising the last government and that we should do our own” It is very wrong for Rotimi Amaechi to keep blaming the Jonathan administration while at the same time enjoying the fruits of its labour like the Abuja-Kaduna railway and the national railway that was revived by the Jonathan government after years of being moribund. If they are drinking from Jonathan’s well, let them appreciate the man who dug the well Reno Omokri (for Dr. Goodluck Jonathan) https://www.vanguardngr.com/2017/12/rotimi-amaechi-is-an-ignoramus-here-are-facts-to-prove-it-reno/amp/? 1 Like |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by NaijaEfcc: 8:04pm On Dec 13, 2017 |
Lizard of ubima !! 9 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by PMWSpirit(m): 8:18pm On Dec 13, 2017 |
Op bia this is not acceptable, this is wickedness how can you be the OP and ftc, this is broad daylight robbery 2 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Pontaboki: 8:19pm On Dec 13, 2017 |
Useless Amaechi!!!! 4 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Isokowadoo: 8:20pm On Dec 13, 2017 |
Long read. Amaechi hs a life long hatred fr Gej. I think its beyond wat we knw. BT me I can't go ad ki myself fr any politician, tmao u may ceeva screaming headline |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Isokowadoo: 8:22pm On Dec 13, 2017 |
Long read. Amaechi hs a life long hatred fr Gej. I think its beyond wat we knw. BT me I can't go ad ki myself fr any politician, tmao u may ceeva screaming headline "Gej unites wit Amaechi". 2 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by dukecharles(m): 8:23pm On Dec 13, 2017 |
Very aptly put. Truth is always straight forward for comprehension. Amaechi, Lia mohd,BMC,APC are known for lies, falsehood and propaganda. When another party take over come 2019, we will see the real stealing and corrupt practices of APC exposed. Three years down no progress only hardship and complain. We dey wait. 5 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by SalamRushdie: 8:37pm On Dec 13, 2017 |
Ameachi is a fool I must say .Just see how Reno has soiled ameachis reputation once more.. 5 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by clevvermind(m): 8:39pm On Dec 13, 2017 |
This is a big uppercut that Amaech will find hard to recover from. 6 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by sapientia(m): 9:00pm On Dec 13, 2017 |
A Minister that sees 6.5 as 65.. thats amazing.. 6 Likes 1 Share |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Built2last: 9:05pm On Dec 13, 2017 |
Ok |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Splashme: 9:10pm On Dec 13, 2017 |
NaijaEfcc: 2 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Swaggzkid: 9:35pm On Dec 13, 2017 |
Well said. PLR |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by aolawale025: 10:06pm On Dec 13, 2017 |
And that's how APC lies would continue to be busted till 2019 6 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Paperwhite(m): 10:56pm On Dec 13, 2017 |
Very apt and backed up with verifiable facts.Amaechi was even challenges to get further verification from even Soludo et'al who're still living witnesses. Amaechi ngwannu rise up to the challenge otherwise you remain the pathological liar that is pathognomic of all APC members. 4 Likes 1 Share |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Paperwhite(m): 11:00pm On Dec 13, 2017 |
dukecharles:I dey tell you my brother.Nigeria have never been taken this ridiculously low. 4 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by otokx(m): 11:21pm On Dec 13, 2017 |
The man who stood up to the powers that be. History will not forget you. |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by anonimi: 11:24pm On Dec 13, 2017 |
otokx: Surely, Rivers state people will not forget the rogue who stole their money to fund barawo bubu's campaign. Surely not. Mogidi: ijekul: 2 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Ventura1: 11:27pm On Dec 13, 2017 |
THE TRUTH The claim that Obasanjo left $65 billion in the ECA is false. He left $43.13 billion in foreign reserves (out of which only $9.43 billion in ECA), while Yar’Adua build reserves to peak at $62 billion (out of which $22 billion was in ECA — the highest ever in Nigeria’s history). GEJ inherit $62 billion and squandered it to $30 billion in foreign reserves and $2 billion ECA, without bothering to build the reserve despite crude selling at higher prices and nothing tangible to justify the spending. 2 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by anonimi: 11:29pm On Dec 13, 2017 |
aolawale025: The All Poverty Congress, APC came into Aso Rock with its barawo bubu and the 40 thieves cabal presidency through lies and propaganda. It has sustained itself in power with the same expired lies since it cannot deliver on its campaign promises. www.nairaland.com/attachments/3356469_screenshot20160131120000_jpeg639beaec46d4ced684f639998a489af2 www.nairaland.com/attachments/3475931_apc_jpegac400acfc063c990eecab1effb6ce5fc 3 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Ventura1: 11:32pm On Dec 13, 2017 |
For those that claims governors were responsible for not saving, Governors only called for sharing fund in the ECA and not the foreign reserves. The question is what is responsible for the depletion of foreign reserves? 1 Like |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by anonimi: 11:33pm On Dec 13, 2017 |
Ventura1: Is GEJ synonymous with the 36 state governors, of whom AmaeTHIEF was one. Do you need a quick check-up at Yaba left www.nairaland.com/attachments/2578022_iweala_jpeg0858fd35c7757170d8155dae6623e1c2 FG, States, LGs Share N568.4 Billion for Oct 3 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by deji68: 11:35pm On Dec 13, 2017 |
Well, u cant spend Foregn reserve, ....it is used to shore up the Naira... Ventura1: 3 Likes 1 Share |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by anonimi: 11:36pm On Dec 13, 2017 |
Ventura1: Did you go to school at all? Are you a confused illiterate like barawo bubu in Aso Rock with his 40 thieves barawo in Aso Rock? Which part of what your AmaeTHIEF said are you ignorant and confused about NaijaEfcc: 3 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by anonimi: 11:38pm On Dec 13, 2017 |
deji68: Don't mind the bloody, confused liars. Does he and AmaeTHIEF know better than Ebola Owu http://www.thetrentonline.com/i-met-3-7-billion-in-reserve-buhari-met-30-billion-obasanjo/?utm_source=&utm_medium=twitter http://www.vanguardngr.com/2016/03/asking-account-abachas-loot-stupid-obasanjo/ www.nairaland.com/attachments/4241395_obj_jpeg69052097a4fedb4aeb4c99f2aefd08a3 3 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Ventura1: 11:38pm On Dec 13, 2017 |
anonimi: You just mentioned the ECA and not foreign reserves, what depletes the foreign reserves? Also note that for every N2 trillion shared by the states, FG is receiving about N4 trillion. |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Ventura1: 11:41pm On Dec 13, 2017 |
deji68: At what point during GEJ tenure was that done? |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by anonimi: 11:41pm On Dec 13, 2017 |
Ventura1: Direct your confused questions to Hopefully he will remember what he and his then Attorney General had in mind 16 years ago. Cheers. Tinubu Tackles FG, CBN On Excess Crude Oil Sales Account 2 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by deji68: 11:44pm On Dec 13, 2017 |
so having a stable Naira under GEJ is not enough justification ... well u can check for info from CBN Ventura1: 3 Likes 1 Share |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by anonimi: 11:45pm On Dec 13, 2017 |
Ventura1: Direct your question to barawo bubu and his 40 thieves cabal to find out how Jonathan stabilised our foreign exchange rate, which they have deteriorated to double amount since 2015 despite their promise to make N1 equal to a $ Are you afraid to ask the military dictator, who is pretending to be a democrat www.nairaland.com/attachments/3431120_cdatausersdefappsappdatainternetexplorertempsavedimages3420191picsart1455886204785jpeg503a9ea978cee321112203705090d494_jpeg42f7ff794fb9c526b6223de620a8596b www.nairaland.com/attachments/4780865_img20170115wa0000_jpeg1d8e7567925b3c58ce06da5797c6a05a 2 Likes |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by Ventura1: 11:49pm On Dec 13, 2017 |
deji68: Well I won't mind you sharing a link, but Naira was stable because theirs inflow of forex as a result of high crude oil prices and foreign portfolio investors are also pumping FX. |
Re: Rotimi Amaechi Is An Ignoramus: Here Are Facts To Prove It – Reno by deji68: 11:54pm On Dec 13, 2017 |
Well oil earning form part of foriegn reserve, so u are confirming what said earlier.... Foreign-exchange reserves (also called forex reserves or FX reserves) is money or other assets held by a central bank or other monetary authority so that it can pay if need be its liabilities, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the government and other financial institutions.[1] Reserves are held in one or more reserve currencies, mostly the United States dollar and to a lesser extent the Japanese yen.[ Ventura1: 2 Likes |
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