A statement from the Special Adviser to the
Coordinating Minister for the Economy and Minister of Finance, Paul Nwabuikwu, said the allegation was shocking and untrue.
He said the comment by the governor reflected, once again, the tendency of some political players to politicize the management of the economy on the basis of half-truths and sundry distortions, warning that such baseless allegation was not good for the
country.
Oshiomhole had in a widely publicized story recently accused the Federal Government of not accounting for $30 billion from the Excess Crude Account but the CME disagreed with him.
“The widely published comment by Governor Adams Oshiomhole alleging that $30 billion is missing from the Excess Crude Account is shocking and totally untrue,”the CME said.
“The comments reflect, once again, the unfortunate tendency of some political
players to politicize the management of the economy on the basis of half-truths and sundry distortions.
This is not good for the country. There should be a limit to negative politics even during an election season such as this.
“Governor Oshiomhole’s sweeping comments give the impression that the Federal Government sits alone in secret and doles out whatever it wishes to the states from the Federation Account. But anyone who is familiar with the Federation Accounts Allocation Committee (FAAC) process knows that this is simply not true. The meetings are held every month and Commissioners of Finance and other officials represent their states and agreements are reached on issues including the sharing of proceeds from the Account.”
Nwabuiku insisted that no such amount was missing in the excess crude account as alleged by the governor, wondering “how can such a huge amount be missing from the ECA and the Edo State governor will be the only one privy to this?”
“ It is instructive that the Edo State government did not table this allegation before FAAC for investigation or clarification before going public with a sweeping, political allegation based on casual, back of the envelope calculations,” he stated.
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