on revenue policy, says
From Ado Ekiti
EKITI State Governor Ayodele Fayose has said he will
not attend the meeting called by the Federal
Government with governors on the Treasury Single
Account (TSA), noting that his state was not
interested in the policy, which he said was fraud
against Nigeria and its people.
A statement issued by his Special Assistant on Public
Communications and New Media, Mr. Lere Olayinka,
the governor said: “The Federal Government should
rather remove the veil on the face of REMITA so that
Nigerians know the real owners, through whom the
All Progressives Congress (APC) is allegedly
siphoning Nigeria money to fund Kogi and Bayelsa
“From all intent and purposes, this TSA policy is
aimed at recouping money spent on the last general
elections by the APC, as well as raise money for
future elections, especially the Kogi and Bayelsa
states gubernatorial poll.
“It is also meant to enrich some individuals for doing
virtually nothing and that can be seen from the
discovery of N25 billion that already accrued to just a
single company in one month!
“How can the Federal Government justify a
transaction in which a single company gets one per
cent, amounting to N25 billion in one month?
“In this economic situation that Nigeria is, shouldn’t
the one per cent commission be negotiated
downward to like 0.1 per cent which would have
reduced the N25 billion to N2.5billion,” he said.
According to him, “even manufacturing companies,
with thousands of employees don’t make N25 billion
profit in one month. Therefore, what Nigerians are
expecting from the Federal Government is
explanation on the alleged N25 billion scam already
associated with the operation of the TSA, instead of
calling governors to a meeting that is aimed at
imposing the TSA policy on the states.”
Insisting that he will not attend the meeting,
Governor Fayose said the Federal Government
cannot force its policies on states that are the
federating units in the federation.
“Ekiti State is entitled to its own policies and it is not
under any obligation to accept Federal Government
policies, especially the TSA that is already robed in
the garment of fraud.
“I therefore, wish to state categorically that Ekiti State
is not interested in the TSA policy and since the state
is not interested, I, as the custodian of the popular
mandate of the entire people of the state, will not
attend any meeting called by the Federal Government
on the TSA,” he said.
Treasury Single Account (TSA) is a scam – EKITI State Governor Ayodele Fayose
on revenue policy, says