• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Economy Bail Out Funds to States Illegal- Hamman Tukur
  • Economy

Bail Out Funds to States Illegal- Hamman Tukur

By
Prnigeria
-
October 15, 2017
Hamman Tukur in Economic Confidential OCT 2017
Hamman Tukur in Economic Confidential OCT 2017

Bail Out Funds to States Illegal- Hamman Tukur

Two time Chairman of Revenue Mobilization Allocation and Fiscal Commission (RMAFC), Engr. Hamman Tukur has said that the bail out funds to State governments by the current administration have been altogether illegal.

Engr. Tukur who spoke to the Economic Confidential in his office in Kaduna queried the rationale for such disbursement labelling it as illegal.

“Buhari gave out a lot of money to states recently in the name of bail-out. Who gave him that money? How did he get access to the Federation Account, or the authority to release that money? Did he go through appropriation for approval? If he released the money before it was approved, then it is illegal”, Tukur queried.

“In any case, who told the states to be broke? Who stole their money? He (Buhari) should have asked the state governors where their money was. Some people argue that the money used for the bail-out was from the Nigeria LNG dividend. But, the Constitution is very clear: all revenues of government must go into the Federation Account first before anything.”

He said “The only exception that is made is written in the Constitution itself, and that is Armed Forces, including the military, Police and Federal Capital Territory (FCT). Anybody or agency paying tax to government for whatever description it should be channeled to the Federation Account.”

Tukur also recalled that RMAFC also rejected such move during the Obasanjo administration.

“Yes I think it was only when Obasanjo asked for $5.3 billion to finance NIPP (National Integrated Power Project) that the Commission said he cannot take it from the Federation Account without recourse to the other tiers of government.

Read Also:

  • Akpabio’s Silence and Senate’s Cowardice is a National Embarrassment, By Zagazola Makama
  • US Congresswoman Sara Jacobs Condemns Trump’s Military Threat to Nigeria as “Reckless and Dangerous
  • Tinubu Relocates Matawalle to Kebbi as Search for Abducted Schoolgirls Intensifies

“We told him that if he wanted any money, he should take it from the Federal Government’s share of the money, and then go to the National Assembly for approval”.

“You are aware of the recent bail-out by the Federal Government to states. The president should tread softly. We have to caution President Buhari the same way we did to Obasanjo when he wanted $5.3 billion.

“When the Commission said he cannot take the money, one day he had to send the then Secretary to the Government of the Federation, Alhaji Yayale Ahmed to come and tell the Commission that he wanted that money. I said no, the money does not belong to me, but the Federation Account. What that means is that all the three tiers of government that own the Account must be aware and agree that the money be withdrawn for the purpose.

“Then the formula for sharing between the federal, states and local governments would apply. There should be no question of states staying somewhere to allocate what the local governments want. This is wrong. The money in the Federation Account belongs to the federal, states and the local governments. This is democracy.

“That is what applies to the National Population Commission. If the Commission says one village is 200,000 people, before anyone can undo it and change that decision, it would pass through a lot of processes.

“That is why one of the key responsibilities of the Commission is to mobilize government revenue to the Federation Account before allocating. It is total. Exceptions are clear, so that no one can pretend”

“What that means is that wherever any revenue has not been remitted to the Federation Account by any agency, the Commission must ask questions. If any money must be released, the National Assembly must be approached for supplementary appropriation”, he said.

The Full Interview here: https://economicconfidential.com/featured-post/bail-out-states-illegal-tukur-rmafc/

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Bail Out funds
  • Federation Account
  • Hamman Tukur
  • RMAFC
Previous articleDHQ Justifies Military Medical Outreaches
Next articleStop Using EFCC Name to Con PEPs- Magu
Prnigeria
Prnigeria
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Senate President, Godswill Akpabio

Akpabio’s Silence and Senate’s Cowardice is a National Embarrassment, By Zagazola Makama

US Congresswoman Sara Jacobs Condemns Trump’s Military Threat to Nigeria as “Reckless and Dangerous

Bello Mohammed Matawalle, Minister of State for Defence

Tinubu Relocates Matawalle to Kebbi as Search for Abducted Schoolgirls Intensifies

ICPC

ICPC appoints new spokespersons 

Minister of Information and National Orientation, Mohammed Idris,

Information Minister: Foreign Misinformation Won’t Divide Nigeria

Kanu of IPOB Arrested

JUST IN: Court Sentences Nnamdi Kanu to Life Imprisonment

ICPC

Court Dismisses Fresh Suit Against ICPC, Affirms Commission’s Power to Freeze Accounts

Kwara Gov’t Shuts Schools Across 4 LGAs as Insecurity Escalate

COAS Shaibu Visits Operation FANSAN YAMMA, Vows Stronger Support for Frontline Troops

International Press Institute IPI

IPI Nigeria to unveil ‘Book of Infamy’ at Annual Conference, AGM

COAS Shaibu Visits Borno, Charges Troops to Sustain Operation Against Terrorists

Tinubu Approves Redeployment of 16 Perm Secs

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Akpabio’s Silence and Senate’s Cowardice is a National Embarrassment, By Zagazola Makama
  • US Congresswoman Sara Jacobs Condemns Trump’s Military Threat to Nigeria as “Reckless and Dangerous
  • Tinubu Relocates Matawalle to Kebbi as Search for Abducted Schoolgirls Intensifies
  • Young Muhammadu Buhari Thrills NDLEA Chairman Marwa with Spoken Word Tribute in Abuja
  • ICPC appoints new spokespersons 
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Akpabio’s Silence and Senate’s Cowardice is a National Embarrassment, By Zagazola MakamaUS Congresswoman Sara Jacobs Condemns Trump's Military Threat to Nigeria as "Reckless and DangerousTinubu Relocates Matawalle to Kebbi as Search for Abducted Schoolgirls IntensifiesYoung Muhammadu Buhari Thrills NDLEA Chairman Marwa with Spoken Word Tribute in AbujaICPC appoints new spokespersons Information Minister: Foreign Misinformation Won’t Divide NigeriaReputation Begins with Knowledge, NIPR Says as it Donates Books to NASS LibraryJUST IN: Court Sentences Nnamdi Kanu to Life ImprisonmentCourt Dismisses Fresh Suit Against ICPC, Affirms Commission’s Power to Freeze AccountsKwara Gov't Shuts Schools Across 4 LGAs as Insecurity EscalateCOAS Shaibu Visits Operation FANSAN YAMMA, Vows Stronger Support for Frontline TroopsIPI Nigeria to unveil ‘Book of Infamy’ at Annual Conference, AGMCOAS Shaibu Visits Borno, Charges Troops to Sustain Operation Against TerroristsTinubu Approves Redeployment of 16 Perm SecsNSA Ribadu leads Nigeria's delegation to U.S., engages Congressman Moore over alleged Christians persecution
X whatsapp