Ekweremadu challenges presidency to produce recovered funds
The
Deputy Senate President, Ike Ekweremadu
has challenged President Muhammadu Buhari to lift Nigeria out of
recession by releasing allege recovered loot into the economy.
The
Senator suggested that such funds recovered should be released for the purpose
of funding the 2016 budget. He went further by stating that the current budget
should be increased to ensure that the economy is reflated.
He
said .“In the first place, distinguished colleagues, we passed a budget for 2016
and we envisaged the situation we‘ve found ourselves and we believe that the
best thing to do is to increase the budget for 2016 so as to reflate the
economy
“But
we are almost in the last quarter and yet no releases are being made. I think
the best thing to do at this point, your Excellency, distinguished colleagues,
is for the government to consciously release as much money as possible into the
economy.”
He
then called on the President Buhari to release the loot recovered from TSA, Ex
Petroleum Minister and other politicians to help get the country out of
recession by paying the contractors.
“Yes,
we are saying there is no money; the oil price has dropped but we were also
told that through the TSA, we have about N3 trillion somewhere.
“We
were also told that the former minister of petroleum returned $20 million. We
were also told that politicians have returned several billions of Naira,
Dollars and Pounds.
“It
is either that this is not true or that the money is somewhere and if it is not
true, someone needs to apologize to us and state the correct thing and if it is
true, this money has to be released to contractors so that they can go to work
and those in the construction industries will be paid and then they will pay
the school fees of their children and money will circulate.
“If
we have money in the economy, I am sure that shortly, we will also find some
relief,” he said.
All this adiministration have done worthy of note is their repeated complaints of non-availabity of funds but yet claim at the same time it has recovered billions. Oga where the money?
JMK