FG Withdrawing $1bn From ECA To Fund Buhari’s 2019 Election – Fayose

Governor Ayo Fayose of Ekiti State, has said that the decision to withdraw $1bn from the Excess Crude Account was a ploy by the APC-led Federal Government to fund Buhari’s re-election in 2019.

The National Economic Council, had on Thursday, asked the Federal Government to withdraw $1bn from the $2.3bn currently in the Excess Crude Account and use it to fight insurgency in the North-East.

“For posterity sake, I wish to place it on record that I was not among the governors who approved the withdrawal of almost half of our savings in the Excess Crude Account, which belongs to the three tiers of government, to fight an already defeated insurgency,” he said.

In a statement issued in Ado Ekiti, the state capital, on Friday and signed by his Special Assistant on Public Communications and New Media, Lere Olayinka, the governor wondered why the Federal Government needed such a huge amount to fight an already “defeated” battle.

“Since they said they have defeated Boko Haram, what else do they need a whopping sum of $1bn (over N365bn) for, if not to fund the 2019 elections?

“The APC promised to wipe out Boko Haram within six months, now it is 31 months and what the APC government is wiping out is the economy of Nigeria and the means of livelihood of the people.”