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Governors, Presidency In Fresh Row Over Oil Sale Proceeds As NEC Meeting’s Postponed Again



NECA fresh crisis is brewing between governors and the Federal Government as the presidency for the sixth time, postponed yesterday a scheduled meeting of the National Economic Council (NEC).

Governors, who were already in Abuja, were left fuming with disappointment as they had arrived the nation’s capital prepared to raise issues on the controversial $49.8b oil money in dispute between the Central Bank of Nigeria and the Nigerian National Petroleum Corporation (NNPC).

Vice President Namadi Sambo is the chairman of NEC.

The meeting was fixed for today (Thursday). A new date was not announced.

Although the “missing” oil proceed was reduced to $10.8billion after a reconciliation meeting, the governors are demanding a probe of the $49.8billion.

It was learnt that the postponement followed security reports that the governors had adopted six more posers, including some that had been raised earlier by Governor Rotimi Amaechi of Rivers State, for discussion at the meeting.

The posers are:

•How much oil does the country produce daily?

•Clarification that the benchmark price for oil in the 2013 budget was $79?

•Is it a fact that crude oil was sold at prices that hovered around $110 per day throughout the year?

•Where is the $30 differential between the benchmark price of $79 and the actual sale price which averaged $110 per barrel during the period?

•How much exactly has Nigeria earned from its oil sales in 2013 and what percentage of the budget is funded by these receipts?

•Why was NEC not consulted on 2014 Budget before presentation?

Some of the governors, who spoke in confidence, said: “We have all arrived in Abuja for the meeting on the state of the economy, but it has been shifted. No date has been communicated to us.

“This is the sixth time they have postponed the NEC meeting, a constitutionally, recognised organ. Nigerians should ask: what are they hiding that they do not want NEC meeting to hold?

“Do you know that governors were not consulted on the 2014 Budget before it was presented to the National Assembly?”

Another governor said: “They are afraid that most of us had prepared to take up issues with the Federal Government on the controversial $49.8billion which neither the NNPC nor the Minister of Finance has been able to clear.

“We cannot be suppressed in any manner; we will certainly address all these issues whenever they deem it fit to cause a NEC meeting”.

A third governor said: “It is sad that for many months, the NEC session has not been convened by the presidency. This is a violation of the 1999 Constitution.

“The Presidency has refused to invite us to either NEC or Council of State meeting because they are afraid that we will ask questions on the economy on behalf of Nigerians.

“We learnt that they are afraid that we might cause upset at the meeting. This is based on false reports that governors were already agitated”.

In reaction to the concerns over why the meeting was postponed for the umpteenth time, the spokesperson for the Vice-President, Alhaji Umar Sani, said: “The postponement, I think, was due to an administrative problem. Those at the secretariat in the National Planning Commission have not been able to send invitation to everybody. It has nothing to do with the Vice President Namadi Sambo.

“We will hold the meeting, I think by next week. You cannot avoid something that you must do. It is the National Planning Commission that calls for the meeting. And so many meetings have been cancelled because of some circumstances”.

Dismissing insinuations that the NEC meeting was postponed because of the controversy surrounding the ‘missing’ $49.8billion, Sani added: “Are we not the people who called for the meeting? Why would we be afraid of anything to be discussed?

“Is there any issue of $49.8billion when even the CBN Governor, Sanusi Lamido Sanusi, came back to say that the money in question was $10.8billion?

“Even if the governors raise the issue at NEC meeting, we will call on NNPC to give account”, he said.

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    January 23, 2014 at 7:07 am


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  2. Peter

    January 23, 2014 at 4:47 pm

    What is/are the hidden agenda behind the six times postponement of NEC meeting? Does it mean Jonathan’s cabinet is hidden certain facts from the public? Or does the cabinet fearing the exposition of the true picture of the oil revenue? Could it be that the cabinet has no answer to the likely questions that may arise in the meeting?
    Whatever the motive, NEC meeting cannot be continually be or indefinitely postponed. Let the constitution takes its course. There is a lay down rule for the NEC meeting. Jonathan should respect this constitutional role without further delay.
    There is no individual or group of people above the law. Therefore the meeting should be fixed soonest.

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Ondo Election: Jegede Files Petition Against Akeredolu’s Victory



Ondo Election: Jegede Files Petition Against Akeredolu’s Victory
Ondo Election: Jegede Files Petition Against Akeredolu’s Victory

Eyitayo Jegede

Eyitayo Jegede, candidate of the Peoples Democratic Party in the October 10, 2020, governorship election of Ondo State, has challenged the victory of Governor Rotimi Akeredolu in the exercise.

Jegede, a Senior Advocate of Nigeria, filed a petition at the election petition tribunal sitting in Akure on Friday.

The PDP candidate has also joined the Independent National Electoral Commission (INEC), the All Progressives Congress, and the deputy governor-elect, Lucky Aiyedatiwa, in the petition.

Also Read: Ondo Guber: INEC Presents Certificate Of Return To Akeredolu, Deputy

Jegede is challenging the election on four grounds including “That the election was marred by irregularities and pockets of violence and intimidation”.

He also faulted the emergence of Governor Akeredolu as the candidate of the APC during its governorship primary election held on the 20th of July 2020.

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AlphaBeta’s Collection Of $19m Monthly Revenue In Lagos Sacrilegious, Says Bode George



Bode George
AlphaBeta’s Collection Of $19m Monthly Revenue In Lagos Sacrilegious, Says Bode George

Bode George

A chieftain of the Peoples Democratic  Party (PDP) Chief Bode George has described the collection of internally generated revenue in Lagos state by a private firm called AlphaBeta, which earns around N7.5bn ($19 million) monthly as sacrilegious.

The former National Port Authority (NPA) called on the state government to block all forms of revenue leakages.

He made this known while speaking on Arise TV on Friday morning.

Also Read: BREAKING: IGP Replies Amnesty, Says Policemen Didn’t Shoot #EndSARS Protesters

“There are so many leakages in the Lagos State Government purse. Take this AlphaBeta; who owns this AlphaBeta? What is the essence of the AlphaBeta? Where else in the world would you have an Inland Revenue Service, who have their own staff who are supposed to go out and collect the fees, but you have an independent company to be supposedly collecting the internally generated revenue from our state?

“It grosses around N50bn (about $130m) a month and you know how much that company (AlphaBeta) is paid 15% of it, that’s N7.5bn in thirty days going to the company, that is a leakage, that is sacrilegious.”


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Ganduje Reinstates Suspended Aide Who Attacked President Buhari



Governor Ganduje
Ganduje Reinstates Suspended Aide Who Attacked President Buhari

Governor Ganduje

Governor Abdullahi Ganduje of Kano State has reinstated his Special Adviser on Social Media, Tanko Yakasai.

According to reports, the Kano State Governor who had earlier suspended his media aide for condemning President Muhammadu Buhari over #EndSARS protests reinstated the aide without many details.

Also Read: Wike Signs Executive Order Proscribing IPOB, Lifts Curfew

Yakasai on his Twitter account had accused Buhari of being insensitive to the plights of Nigerians during the #EndSARS protests across the nation.

The development saw Governor Ganduje suspend his aide who was commended by Nigerians for the courage.

Ganduje, however, has ordered the reinstatement of his aide two weeks after his suspension.

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