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NGF asks National Assembly to audit Nigeria’s account

Published on January 16, 2014 by   ·   8 Comments

Ayorinde Oluokun/Abuja

The Nigeria Governors Forum (NGF), on Thursday asked the National Assembly to hire an independent firm to audit the federation account over allegations that a sum of $49.8 billion was not remitted into the consolidated revenue fund.

This call was contained in a communiqué issued by the forum after its meeting under the chairmanship of Rivers Governor, Rotimi Amaechi, in Abuja.

The missing fund was first raised by the Governor of Central Bank of Nigeria, Sanusi Lamido Sanusi in a letter to President Jonathan last September. The letter came into public space in December.

Sanusi had told Jonathan that the Nigeria National Petroleum Corporation failed to remit the fund realized from sale of crude oil into the national purse.

However, at a public hearing conducted by a Senate Committee into the issue, Sanusi, NNPC and Dr. Ngozi Okonjo Iweala, the Minister of Finance said the allegations of the missing funds arose out of misconception and failures to reconcile figures of funds remitted to the national purse by the relevant agencies.

After the reconciliation, over $10.9 billion remained unremitted by the NNPC.

At a recent press conference, NNPC said it used the fund to pay for subsidies and repair of vandalized oil pipelines.

But the NGF insisted in the communiqué for an independent audit: “On the issue of the missing 49.8 billion dollars (about N8.5 trillion), there is no evidence that the amount was paid into the federation account or dully appropriated,”

“We accordingly call on the National Assembly to institute a comprehensive independent forensic audit by an international reputable firm. We fear that the recent decline of state revenue is not unconnected with the financial diversion,” the Forum added in the Communiqué signed by its Chairman.

NGF also condemned the recent killings in Borno and the attack on the father of Kano State Governor, Rabiu Kwankwaso in the communiqué.

The forum called on the Federal Government to convene a meeting of statutory institutions as enshrined in the constitution.

It listed such institutions to include the National Economic Council (NEC), Council of States, Nigeria Police Council and the Federation Account Allocation Committee (FAAC). NGF noted that NEC meeting, where such issues are usually discussed, was last held four months ago.

NGF said the irregularities being noticed in public accounting and the continuous breach of the 2007 Fiscal Responsibility Act were due to the refusal of the presidency to convene such meetings.

NGF meeting also called for also called for a return to constitutionalism in the country.
The meeting was attended by seven governors and four deputy Governors.
Governors at the meeting were those of Rivers, Lagos, Adamawa, Edo, Jigawa, Imo and Ekiti States, while Nassarawa, Kwara, Zamfara and Kano States, were represented by their deputies.

Posted by on January 16, 2014, 5:28 pm. Filed under National, News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

8 Comments for “NGF asks National Assembly to audit Nigeria’s account”

  1. Sunny Akhigbe

    PMNEWS, if you want to inform, inform well. This meeting attended by seven governors and four deputies (eleven states in all) was a meeting of Amaechi faction of NGF or better still Nigeria Opposition Governors Forum (NOGF). And their “communique”? Good for the trash bin!

  2. Sunny Akhigbe

    PMNEWS, if you want to inform, inform well. This meeting attended by seven governors and four deputies (eleven states in all) was a meeting of Amaechi faction of NGF or better still Nigeria Opposition Governors Forum (NOGF). And their “communique”? Good for the trash bin!

  3. Lamido of Jigawa is a PDP Gov so sunny pls take note and . Everything in the country is politics. NASS pls hire independent Auditors to quickly carry out this national assignment.

  4. DAT

    @Sunny. I beg to disagree with you. It is APC Governors Forum because if APGA (Anambra) and Labour (Ondo) are not part of it, then you cant call it “Opposition”. Don’t you think so? While I also condemn the attack on Kwankwanso’s father, I am worried why it is only that attack that was condemned by the Forum whereas there have been several innocent people that are attacked daily in this country. A NAN journalist was reported to have been shot in Abuja on the neck at close range, that is not to be condemned since the journalist is not related to them. May be there is no need to condemn the attack. And Fashola and Oshiomhole were part of this meeting?

  5. emmanuel

    Which yeye NGF?

    Amaechi popularity keeps dropping by the day. This gang will eventually collapse after APC presidential primaries.

    Let Amaechi and Fashola and Lie lai condemned the two APC violence in Ogunquit State.

    My feelers in the Ogunquit state incidents and the publicity tells me that Osoba is using his media contacts to undermine Tinubu or that Tinubu has willingly sacrifice Amosun.

    Glengarry Daniel the floor is open for advantage. Let’s see how your crooks strategies would guarantee taking back Ogunquit state.

  6. OMO EKO

    Before auditing the federation account, each state account should be audited by a foreign auditor.

  7. emmanuel

    Omo Eko the thieves have pulled wool over our eyes, so they use Jonathan as guinea pig and nobody bother about the looting in the states.

    Let the states publish details of the utilisation of their revenue from 2011 to date, including which contractor got what.

  8. I just pray that God will save Nigeria from all the political hilabaloo that it finds her self.Lets see what becomes of APC after the 2015 general election.

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