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Bailout funds: Buhari is an unrepentant liar - Benue PDP chairman

Written By Idoma Television on Monday, July 13, 2015 | 3:14:00 AM

Chairmen of State branches of the Peoples Democratic Party (PDP) have asked President Muhammadu Buhari to stop deceiving Nigerians.
They accused him of not telling the truth on the source of the bailout he recently granted to the states of the federation.
A statement by their Benue State chairman, Dr. Emmanuel Agbo, said the defence put forward by his spokesman that the Excess Crude Account (ECA) was intact was questionable.
The chairman wondered where Buhari and the All Progressives Congress (APC) that told the world that ex-President Goodluck Jonathan left an empty treasury found the money the current administration had approved as bailout for states.

“The media adviser to President Muhammadu Buhari is economical with the truth. By denying release of funds from the Excess Crude Account (ECA), he is being economical with the facts regarding the bailout by Mr. President,” the group noted.

“The era of campaigns and deliberate distortion of facts by the All Progressives Congress (APC) are over. The APC should know that government is a sacred order built on trust and therefore must at all times give accurate information to Nigerians.

“There is no way that only $2b from LNGN will equal 804 billion naira released for sharing by the three tiers of government. The bank loan arrangements are not physical cash on the table for direct disbursements to the tiers of government. Therefore, the media adviser’s claim of the ECA being intact is misleading and deliberate distortion of facts.

“While applauding Mr. President’s gesture in the bailout to help refinance local economy, we want to advise against measures that will see Nigeria totally and comprehensively on her knees economically and therefore want to opt for a phased and gradual bailout scheme instead of an outright emptying of the nation’s Reserved Accounts”.
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