• Contact Us
  • About Us
Thursday, September 11, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Gbajabiamila: N’Assemby Lacks Powers to Query Withdrawals from ECA

metro by metro
December 18, 2017
in News
0
0
SHARES
0
VIEWS

Femi GbajabiamilaMajority Leader of the House of Representatives, Hon. Femi Gbajabiamila, yesterday said the National Assembly currently lacks the powers to query spending from the Excess Crude Account (ECA).

He was reacting to the approval of both the state and federal governments to withdrawal $1 billion  from the account to fight insurgency in the country.

Read Also

Naira Strengthens To N1506/$, Best Level Since March

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues

The parliament had been under pressure to respond by stopping the proposed withdrawal from an account which is supposed to be a succour in rainy days.

But the House leader in a statement he personally issued maintained that though he always maintained that the ECA is an illegal account and instituted a court action against it during then President Goodluck Jonathan administration, until a final decision has been made by the courts the account is still operative.

According to him, it is important that the legality of the withdrawal of $1 billion from the account is properly understood.

He said:”There is a clear misunderstanding of the powers of the National Assembly over public funds and its limitations. The National Assembly only has power of appropriation over monies belonging to the federal government.

“The ECA does not belong to the federal government but to the three tiers of government. The National Assembly cannot query how the states decide to spend their money. The only institution that can query this is the state assembly.

“Where the governors have decided to ‘donate’ some of their funds from the ECA to fight Boko Haram, their state assemblies can kick against it that such was not appropriated by them.  I do agree that  due process wasn’t followed by The governors as they should have sought the approval of their states before the donation.”

Gbajabiamila said: ”It is however not for the National Assembly to complain on behalf of the state assemblies. This is part of the principle of separation of powers in a constitutional democracy. The National Assembly can only discuss the portion of the federal government money spent if any.

“On whether Governor Ekiti State, Ayodele Fayose, or any other governor has a right to kick against it, he said: “I believe he does. No matter how inappropriate if he does not accede to the request or deduction from his state’s portion there is no amount of consensus that can bind him as postulated by the chairman of the governors’ forum because such portion belongs to his state and not to the Governors forum. So he may be entitled to a refund.

“This is my position on the legality of the withdrawal of $1 billion from the ECA.”

Tags: ECAGbajabiamila
Previous Post

Fuel queues return to Lagos, persist in Abuja, others …as oil workers begin strike today

Next Post

Chivita unites football stars in new campaign

Related Posts

Naira
News

Naira Strengthens To N1506/$, Best Level Since March

September 11, 2025
Report Alleges Shortcomings Of Proposed Tax Reform Bills
News

TUC Gives FG 14-day Ultimatum To Withdraw 5% Fuel Tax 

September 8, 2025
NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues
News

NNPP Expels Abdulmumin Jibrin Over Anti-party Activities, Unpaid Dues

September 6, 2025
DC Attorney General Sues Trump For National Guard Deployment
News

DC Attorney General Sues Trump For National Guard Deployment

September 4, 2025
Next Post

Chivita unites football stars in new campaign

Disquiet As Nigeria’s Naval Chief Disputes NNPCL, Petroleum Ministry’s Oil Theft Figures

Ex- NNPCL GMD, Kyari Leaves EFCC HQs After Questioning

September 11, 2025
NATO Scrambles Jets To Shoot Down Russian Drones In Poland, Raising Fears Of War Spillover 

NATO Scrambles Jets To Shoot Down Russian Drones In Poland, Raising Fears Of War Spillover 

September 11, 2025
Report Alleges Shortcomings Of Proposed Tax Reform Bills

FG Publishes New Tax Reform Laws, NRSEA, JRBEA Implementation From June, ’25, NTA, NTAA For Jan, ’26

September 11, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version