Former Ekiti state governor, Mr. Peter Ayodele Fayose has queried the alleged disappearance of $1.6 billion from Nigeria’s Excess Crude Account (ECA).
The former governor accused President Muhammadu Buhari of leaving just $631m in the ECA, when he met $2.05bn there, on assuming office in May, 2015.
According to Fayose, while speaking via his Twitter handle on Friday, the present government withdrew $1bn for the fight against Boko Haram, yet the insurgent group has waxed stronger than it was in 2015.
“Within three weeks, $1.6bn gone from the Excess Crude Account. $631m now left in ECA that Buhari met $2.05bn in 2015. From the same ECA, they took $1bn purportedly to fight the same Book Haram that is even more stronger than it was in 2015. I warned!”
Peter Ayodele Fayose✔
@GovAyoFayoseWithin three weeks, $1.6bn gone from the Excess Crude Account.$631m now left in ECA that Buhari met $2.05bn in 2015. From the same ECA, they took $1bn purportedly to fight the same Book Haram that is even more stronger than it was in 2015.
I warned!
See Ogunlesi’s analysis below:
“This news of $600m walking away is FALSE, Matthew, and a wild and baseless allegation like this undermines your bona fides as a Nigeria expert. And I’m going to show you why it’s fake news — the ECA Balance is not a secret, the balance is published every month.”
tolu ogunlesi✔
@toluogunlesiThis news of $600m walking away is FALSE, Matthew, and a wild and baseless allegation like this undermines your bona fides as a Nigeria expert. And I’m going to show you why it’s fake news — the ECA Balance is not a secret, the balance is published every month.#Thread https://twitter.com/matthewtpage/status/1075818013553815552 …
@toluogunlesiYou can see from the above that while the Governors in Dec 2017 approved the disbursement of $1 billion from the ECA for SECURITY, only about half of that has so far been drawn down – the deposit made to the US Govt for Super Tucano Aircraft in April 2018.
Cc. @MatthewTPage
@toluogunlesi