Approved $1billion Meant For 2019 Election – Fayose

EKITI State Governor, Ayodele Fayose, says the just approved $1billion for procurement of arms and ammunition for tackling of Boko Haram insurgency is not what it is.

Mr Fayose said the funds approved by President Muhammadu Buhari was meant for the sponsorship of the latter’s re-election.

The governor in a statement by his Special Assistant on Public Communications and New Media, Lere Olayinka, on Wednesday, also alleged that the money was also going to be used in the coming governorship elections in Ekiti and Osun States.

He demanded to know whether or not the $1 billion was from the Excess Crude Account (ECA), saying “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.”

“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?” Fayose asked.

“Nigerians required explanations from the federal government as to where the $1 billion will be sourced because the President lacked the 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 their consent.

“Since they said they have defeated Boko Haram, and later told Nigerians that they had a 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 elsewhere.”

Fayose 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.

“Like I have maintained, they are building a 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,” he said.