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Issues In The News

Flash: President Jonathan never confirmed withholding of $10b from Federation Account

Reports in some domestic media today which quoted President Goodluck Jonathan as “confirming” in Amsterdam that the Nigerian National Petroleum Corporation (NNPC) wrongly withheld $10 Billion from the federation account  are completely false and a total distortion of the President’s comments during his meeting with the Nigerian community in the Netherlands.

At no time during the well-attended reception did President Jonathan also confirm any “irregularities” in the NNPC.

Sensational reports in the media to that effect are reckless, mischievous and unprofessional misrepresentations of the President’s restatement to the Nigerian community of the Federal Government’s position on the allegation that $20 Billion is “missing” from the NNPC or the Federation Account, by reporters who were not at the event or even in Holland at all.

President Jonathan’s verifiable words while responding to questions from members of the community on the allegation and other domestic issues were clear and unambiguous.

After asserting that allegation that various sums – $49.8 Billion, $12 Billion or $20 Billion – were missing are inconsistent and lacked credence, the President’s exact words were as follows:

“As at the time, the Finance Ministry was saying they had not been able to reconcile only 10 billion dollars. There are issues in NNPC but we are on it.”

President Jonathan went on to say that to reassure Nigerians of  his administration’s continued commitment to openness, transparency and probity in the aftermath of the unsubstantiated allegations, the Federal Government had authorised a professional forensic audit of NNPC accounts to clear the air.

The Presidency deplores the mischievous and unethical distortion of his comments in the media today.

Once again, we urge the media to show greater regard for truth and accuracy when reporting on the President.

 

Reuben Abati

Special Adviser to the President

(Media & Publicity)

March 26, 2014

TW COLLAGE DL ON GP

– See more at: http://reubenabati.com.ng/PRESIDENT-JONATHAN-NEVER-CONFIRMED-WITHHOLDING-OF.html#sthash.fU396MUk.dpuf

@abati1990: President Jonathan never confirmed withholding of $10b from Federation Account http://t.co/H4J66dTsQn

https://twitter.com/abati1990/status/448461131280285696 Abati denies $10bil comments of GEJ

About TransformationWatch

TransformationWatch is an online news site founded by Henry Omoregie It is focused on keeping tabs on the Transformation Agenda set out by the Nigerian leadership in the Local, State and Federal Governments. My mission is to observe, analyze and report milestones or slowdowns in promised service delivery in all the facets of governance in Nigeria (2011 and beyond). Readership is open to all Nigerians and friends of Nigeria alike, regardless of Tribe, Religion or Political divide. We are all in this together

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