President Muhammadu Buhari on Tuesday delivered one of his harshest assessment of the former President Goodluck Administration, saying that the immediate past administration tops all the past ones in malfeasance.
Speaking during a meeting with 36 governors of the federation, Buhari on declared that Jonathan’s administration perpetuated more atrocities than the government of former President Shehu Shagari.
Buhari had in the December 1983 toppled The government of Shagari on the allegations of widespread corruption and gross mismanagement.
Buhari who reiterated his commitment to recovering the billions stolen by the officials of the past administration vowed to tackle impunity in governance headlong.
According to him, the days impunity, lack of accountability and fiscal recklessness in the management of national resources are over in Nigeria.
He said, “There are financial and administrative instructions in every government parastatal and agency.
“But all these were thrown to the dogs in the past.
“Honestly, our problems are great, but we will do our best to surmount them.
“The next three months may be hard, but billions of dollars can be recovered and we will do our best.”
Expressing surprise that the governors had tolerated the atrocities allegedly committed with the Excess Crude Account since 2011, President Buhari promised to tackle the issue decisively.
The President declared that the payment of national revenue into any account other than the Federation Account was an abuse of the constitution, adding that what he had heard was going on in many agencies and corporations, particularly the Nigerian National Petroleum Corporation, was clearly illegal.
On the refund of monies spent on federal projects by state governments, President Buhari assured the governors that the Federal Government will pay, but insisted that due process must be followed.
The President promised special assistance for the three North Eastern states badly affected by the Boko Haram insurgency.
He also said a comprehensive statement on the economic and financial situation inherited by his administration will be made to the nation within the next four weeks.
He said: “We will try and put the system back into the right position.
“What happened in the Second Republic (headed by Shagari and which he toppled alongside other Generals then) has apparently happened again and even worse, but we will restore sanity to the system.”
Buhari said a committee headed by the Vice President, Prof. Yemi Osinbajo, will look at the Excess Crude Account and see what can be shared immediately.
The governors, led by Chairman of the Governors Forum, Abdulaziz Yari of Zamfara State, had presented a wish list to the President.
These included:
➢ Obedience of extant Supreme Court ruling that all monies go into the Consolidated Federation Account;
➢ An order from the President that all revenue generating agencies must pay into the Consolidated Federation Account;
➢ Review of the Revenue Allocation Formula;
➢ Refund of the monies expended by states on federal projects;
➢ A special consideration for the three states of the North East under Boko Haram infestation;
➢ Full details of the amounts that accrued into the Excess Crude Account from 2011, and how the money miraculously shrank without official sharing.
