Home News NGF Elects Abdulaziz Yari As New Chairman, Demands Explanation On Excess Crude Account
NGF Elects Abdulaziz Yari As New Chairman, Demands Explanation On Excess Crude Account

NGF Elects Abdulaziz Yari As New Chairman, Demands Explanation On Excess Crude Account

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The Nigeria Governors’ Forum, NGF, on Tuesday, asked the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, for explanation on the $20 billion being accruals for the Excess Crude Account for two years.

This was stated in a communique issued after the forum’s meeting which ended early Tuesday morning at the Transcorp Hilton Hotel, Abuja.

Governor Rotimi Ameachi, who read the communiqué, announced that the NGF has reconciled and reunited as a single association of the 36 state governors of Nigeria regardless of region, adding that the forum was demanding explanations on how it accrued and how it was disbursed.
Amaechi said:

“In the light of the fact that funds in the Excess Crude Account were last disbursed in May 2013, there is need for the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, to provide explanations for accruals to this account from June 2013 to April 2015 which is estimated at over $20 billion.”

The communique reads in part: “The induction Programme for new and returning governors will be held in June 2015.

“It is also aimed at equipping new and returning governors with the knowledge of global best practices in establishing and running their offices.”

“The governors also resolved to establish a Governors’ Forum Academy to be christened “The NGF Leadership Academy,” which will be responsible for capacity building of Governors and other officials holding public offices.

“The forum congratulated the President elect, Mohammad’s Buhari, over his electoral victory and also congratulated President Goodluck Jonathan for conceding defeat”.
Shettima appeals to Buhari to give North-East 13% oil derivation.

The meeting also threw up a new chairman in the person of Governor Abdulaziz Yari of Zamfara State. He is to serve for one year.

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