Consolidated Federation Account: States lost billions under Jonathan, Iweala ' Oshiomhole

Edo State Governor, Comrade Adams Oshiomole
on Friday in Abuja lauded the effort of president
Mohammadu Buhari at ensuring that prudence and
transparency returned in the financial dealings
among the three tiers of federal, state and local
governments in Nigeria.
He accused the past administration of President
Goodluck Jonathan of not remitting most proceeds
of the Nigerian Liquified Natural Gas, NLNG accrued
to the government into the consolidated revenue
account, saying that Jonathan’s regime denied the
states what was due to them.
Oshiomhole who spoke with State House
Correspondents shortly after a private meeting with
President Buhari at the Presidential Villa disclosed
that States lost about N10 billion each year during
the 4 years of Jonathan.
He explained that Buhari’s understanding of the
situation was what informed the sharing of about $
1.6 billon amongst the states and local
governments last week.
The governors insisted that the money was not
drawn from the Excess Crude Account, ECA as
believed in some quarters of the society.
He said: “We have always been happy with the
president because he has been very clear from day
one on his campaign promises to putting an end
to impunity flagrant disobedience of law and order.
And he has promised transparency and order. So
it is not just about the bail out but it is completely
a new approach that anybody who is a stakeholder
in the matters involving the funds of the federation
that we all can see through everything. For
example all the noise that has been generated over
what happened last week, there was nothing
extraordinary. What was extraordinary is that the
NLNG has over the years been remmitting funds to
the federal government.”