APC: We will soon release shocking revelations about Jonathan’s government

The All Progressives Congress (APC) has asked Nigerians to expect
“shocking revelations” of the past government in the coming weeks and
months.
In a statement issued in Lagos on Sunday by Lai Mohammed, national
publicity secretary of the party, APC accused the Peoples Democratic
Party (PDP)
of distorting the facts about the source of the $2.1 billion that
President Muhammadu Buhari approved for sharing among the three tiers
of government.
The statement also faulted the claim of Olisa Metuh, PDP spokesman, that
former president Goodluck Jonathan refused to share $5.5 billion dollars
from Nigeria Liquefied Natural Gas (NLNG) dividends because he wanted to
leave money for Buhari.
APC alleged that such money was not in the federation account, urging
Buhari to probe past dividends of the NLNG.
”The revelations concerning the deep rot in the system that will come in
the weeks and months ahead will shock even the most ardent critics of
the Buhari administration’s salvaging efforts,” the statement read.
“Whereas the presidency corrected the initial erroneous report that the
shared money was sourced from the excess crude account (ECA), the
skittish opposition continued to insist it was from the ECA and that it was
part of the ‘savings’ by the Jonathan administration.
”Well, we can tell Nigerians that the $2.1 billion was sourced from the $1.6
billion company income tax/education tax paid to the FG on June 17th
2015, over two weeks after the Jonathan administration left office, as well
as the $500 million tax paid by Shell. We can tell Nigerians that this is the
first time the payment of the income tax/education tax by the NLNG was
being disclosed by any government, in addition to paying it into the
federation account for sharing, hence those who call it their ‘legitimate’
earnings should be asked why they did not demand the sharing of such
‘legitimate’ earnings in the past.
”We can tell Nigerians that apart from the said $1.6 billion NLNG payment
for 2015, NLNG also paid $1.4 billion as Income Tax/EducationTax in May
2014, paid $0.3 billion as education tax to the FG in 2011, 2012 and 2013
and $1.2 billion in VAT and With-holding tax to the FG since 2009. These
payments are just those made in the past six years alone, hence there
were other payments before then.
“In addition, dividend payments totalling $4,728,136,946 was paid to the
FG between 2004 and 2009, out of which only $127,851,348.19 was
credited to the FG’s Independent account with JP Morgan, leaving a
balance of over $4 billion. The questions to ask therefore are why all the
past taxes and dividends were neither fully paid into the federation account
nor shared by the three tiers of government and what happened to the
funds.”
”Since, according to the PDP, President Goodluck Jonathan asked that the
money be ‘left for the incoming administration to manage’. It is important
for the party, therefore, to tell Nigerians in which account the money was
‘saved’ because it is definitely not in the federation account.”

Source : The Cable