PDP Blasts APC Members Over Excess Crude Oil Account Saga

at 7-07-2015 07:17PM (4 years ago)

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The Peoples Democratic Party has accused the governing All Progressives Congress of reversing its earlier statement about the Excess Crude Account after it became clear the party had goofed.

The party said the APC withdrew its initial statement to ensure no credit was given to the PDP administration for leaving some savings in the Excess Crude Account contrary to its claim that it inherited an “empty treasury”.

A statement, the second to be issued by its spokesperson, Olisa Metuh on Tuesday, said, “Our attention has been drawn to yet another embarrassing flip-flop by the Presidency and the APC, this time on their depletion of savings in the Excess Crude Account, (ECA) which they earlier announced was to partly finance bailout for states and local governments across the country.

“We are indeed shocked that in their spirited effort to ensure that no credit went to the PDP-led administration for saving the money in the ECA, the Presidency and the APC had to make a dramatic U-turn even after the APC had in a release signed by its National Publicity Secretary, Lai Mohammed, earlier today (Tuesday July 7, 2015) commended the President for approving spending from that account.

“The APC had in the release acknowledged that the ‘multi-pronged approval by President Buhari includes the sharing of the Federal and State Governments of $1.7 billion out of the $2 billion remaining in the ECA; the sharing of about $2.1 billion sourced from the LNG’s payment to the Federation Account; and a CBN-packaged special intervention fund that will offer financing to the states, ranging between N250 billion to N300 billion, as soft loan available to states to access for the purposes of paying backlog of salaries’”.

The opposition party said Nigerians were stunned that the APC had to alter its statement soon after PDP’s press release demanding that credit should be given to its past administration for saving the money in the ECA.

“When we urged Nigerians to pray for President Buhari, it is because in our estimation, the government was finding it difficult to locate a bearing due to the confusion in his party, consequence of which are these embarrassing flip-flops”, the party said.

allenspike at 7-07-2015 07:37PM (4 years ago)
(4037 | Gistmaniac) (m)

I'm sitting on ma role chair, I'm getting higher.
kelemann at 7-07-2015 07:42PM (4 years ago)
(1026 | Gistmaniac) (m)

This APC government is full of contradictions. First empty treasury now there's money in the excess crude account. The fact is that APC never says anything good about GEJ administration. Shame!
lakman at 7-07-2015 08:29PM (4 years ago)
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It means the incorruptible BUHAHRI and pastor OSIBANJO, are liars, for saying they inherited empty treasures.
beneno at 7-07-2015 08:48PM (4 years ago)
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dis4real at 7-07-2015 09:24PM (4 years ago)
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They have not taken their malaria medicine in a long while pls can someone serve them one full drum of dogoyaro tea each. Nonsense
royalty2008 at 7-07-2015 10:14PM (4 years ago)
(360 | Upcoming) (m)

APC are full of fools, liars likr liar mohammed, shame to them
climax_man at 7-07-2015 10:52PM (4 years ago)
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Lisabi at 7-07-2015 11:36PM (4 years ago)
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Nigeria sell crude oil everyday. Stop stupid comments. BUHARI met empty treasury.
Lisabi at 7-07-2015 11:37PM (4 years ago)
(625 | Upcoming) (m)

Nigeria sell crude oil everyday. Stop stupid comments. BUHARI met empty treasury.
PoliticxGuru at 8-07-2015 07:17AM (4 years ago)
(14192 | Hero) (m)

wasted generation
lexyclasy at 8-07-2015 08:45AM (4 years ago)
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@Lisabi which planet are you..............your problem is so compounding and is shameful that you have been defending this brainless and vision-less leaders blindly..................the product of your type as a future Nigerian generation......is a cause for concern (we know Nigeria is selling crude everyday and you are also paid daily ewu.......even then that was not the burning issue .......so stop calling others stupid you are the real stupid one....that can not read through the lines.......mtceeeeew)
ngfineface at 8-07-2015 10:05AM (4 years ago)
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Mobbysmartins at 8-07-2015 11:14AM (4 years ago)
(1630 | Gistmaniac) (m)

Quote from: Lisabi on  7-07-2015 11:36PM
Nigeria sell crude oil everyday. Stop stupid comments. BUHARI met empty treasury.

You cannot sell 2Billion Dollar crude oil in a day,not even in a week,the OPEC quota does not allow that,so stop stupid comment.
echeeche at 8-07-2015 05:14PM (4 years ago)
(9431 | Hero) (m)

confused people
italianjob at 8-07-2015 07:09PM (4 years ago)
(232 | Upcoming) (m)

See change
elchymo at 14-08-2015 10:26PM (4 years ago)
(22529 | Addicted Hero) (m)

Na dia way. Liars everywhere