Fayose Reacts To Buhari’s Approval Of $1bn For Military Equiment | The Precision


Ekiti State Governor, Ayodele Fayose has queried President Muhammadu Buhari’s approval of $1 billion for the procurement of security equipment to fight Boko Haram insurgency.


He described it as pooling of public funds for the purpose of funding
President Buhari’s reelection as well as the coming governorship
elections in Ekiti and Osun States.
The governor demanded to know whether the $1 billion was from the
Excess Crude Account (ECA), adding that, “it will be illegal and against
the principle of federalism that operates in Nigeria for the President,
who is the head of just one of the federating units to approve spending
of fund belonging to the three tiers of government without the consent
of heads of other federating units.
In a statement issued in Ado Ekiti on Wednesday, and signed by his
Special Assistant on Public Communications and New Media, Lere Olayinka,
Governor Fayose asked: “When did the National Assembly approve the
spending of the $1 billion? Or can the President spend $1 billion
belonging to Nigerians without the approval of the National Assembly?”
He said “Nigerians required explanations from the federal government
as to where the $1 billion will be sourced because the President lacked
power to unilaterally spend money from the Excess Crude Account.
“Not even when there is a pending suit by Ekiti State Local Council
Chairmen, challenging the powers the 36 state governors to purportedly
execute the constitutional duty of the Federal government without the
their consent.
“Another question the federal government must answer is; which
insurgency are they buying arms worth N370 billion to fight? Is it the
same Boko Haram that they told Nigerians they completely defeated?
“Since they said they have defeated Boko Haram, and later told
Nigerians that they had ceasefire agreement with the insurgents, what
else do they need a whopping sum of $1 billion (over N370 billion) for;
if not to fund the 2019 elections?
“Also, up till now, the government is yet to give satisfactory
explanations as to the abduction and return of the Dapchi School Girls.
With the hurried approval of $1 billion, is it not being reinforced that
the Boko Haram insurgency has become a source of looting public fund by
this government?
“It is on record that Transparency International (TI) once said in
its report that some top military officials in the country were feeding
fat from the war against Boko Haram by creating fake contracts and
laundering the proceeds in the United States, United Kingdom and
The governor reiterated his challenge to the federal government to
make available to Nigerians, how the money released by international
donors for the fight against Boko Haram was spent.
He said; “Like I have maintained, they are building a very huge
financial war chest towards the 2019 elections and our treasury is daily
being looted to achieve this. One of such means is the $1 billion
approved by the President, purportedly for the procurement of arms to
fight a Boko Haram insurgency they claimed to have defeated.”

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