The tussle between the ruling All Progressives Congress and the
opposition Peoples Democratic Party has been heated as APC vows to
reveal irregularities in President Goodluck Jonathan's administration.
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| Former President, Goodluck Ebele Jonathan |
National publicity secretary of the All Progressives Congress, Lai
Mohammed on Sunday, July 12, released a statement in which he vowed that
the party would disclose “shocking revelations” about ex president
Goodluck Jonathan‘s administration.
They are accusing them of distorting the facts about the source of
the $2.1 billion that President Muhammadu Buhari approved for sharing
among the three tiers of government.
The statement reads:
"The revelations concerning the deep rot in the system that
will come in the weeks and months ahead will shock even the most ardent
critics of the Buhari administration’s salvaging efforts."
Whereas the presidency corrected the initial erroneous report
that the shared money was sourced from the excess crude account (ECA),
the skittish opposition continued to insist it was from the ECA and that
it was part of the ‘savings’ by the Jonathan administration.
Well, we can tell Nigerians that the $2.1 billion was sourced
from the $1.6 billion company income tax/education tax paid to the FG on
June 17th 2015, over two weeks after the Jonathan administration left
office, as well as the $500 million tax paid by Shell.
We can tell Nigerians that apart from the said $1.6 billion
NLNG payment for 2015, NLNG also paid $1.4 billion as Income
Tax/EducationTax in May 2014, paid $0.3 billion as education tax to the
FG in 2011, 2012 and 2013 and $1.2 billion in VAT and With-holding tax
to the FG since 2009.
These payments are just those made in the past six years alone,
hence there were other payments before then. In addition, dividend
payments totalling $4,728,136,946 was paid to the FG between 2004 and
2009, out of which only $127,851,348.19 was credited to the FG’s
Independent account with JP Morgan, leaving a balance of over $4
billion.
The questions to ask therefore are why all the past taxes and
dividends were neither fully paid into the federation account nor shared
by the three tiers of government and what happened to the funds.”
“Since, according to the PDP, President Goodluck Jonathan asked that the
money be ‘left for the incoming administration to manage.
It is important for the party, therefore, to tell Nigerians in
which account the money was ‘saved’ because it is definitely not in the
federation account.”
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