HOUSE OF REPS DIVIDES OVER $1 BILLION APPROVED BY NEC TO FIGHT INSURGENCY.
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The House of Representatives has mandated its Committee on Finance to carry out investigation on the exact amount currently deposited in the federation account and report its findings within four weeks for further action.
The directive however resulted into a rowdy session on Thursday as Lawmakers were of diverse opinions while deliberating on the motion as raised by Hon. ken Chikere.
Leading debate on a motion entitled “the need to deduct 13% percent derivation from the one billion dollars approved by the National Economic Council to fight Boko Haram insurgency Hon. Chikere noted that the provison to Section 162(2) of the 1999 Constitution states 13% of the proceeds of the oil producing States in Nigeria as derivation fund payable to the benefitting States of Akwa-Ibom, Rivers, Delta, Bayelsa, Cross River, Edo, Abia, Imo, Ondo, Anambra and Lagos.
House of Reps Correspondent, Linda Ike reports that the Lawmaker in his further submissions said the 13% derivation fund payable to oil producing States had not been deducted and paid to these States from the $1 Billion before or after the approval of the said sum to fight Book Haram insurgency.
motion was subsequently moved after several heated debate that the motion be stood down.
Contributing to the motion while some opposed it by submitting that if the Boko Haram insurgency is a challenge to the sovereignty of Nigeria there should be a collective agreement to fight it some were in support saying the motion touches the foundation of the Constitution.
They added that consolidated and federation accounts were not really spelt out by the Constitution, as both were being used interchangeably stressed further that whatever it will take, the issue of Boko Haram must be addressed.
Subsequently a motion was moved to adopt that the motion be stood down following the controversial debate on the motion.
it would be recalled that at the 83rd meeting of the National Economic Council held at the Council chamber of the Presidential Villa, on 14th December, 2017.
The thirty six governors of the States of Nigeria approved the deduction of the sum of $1billion by the Federal Government from the Excess Crude Account (ECA) to fight the Boko Haram insurgency.
The directive however resulted into a rowdy session on Thursday as Lawmakers were of diverse opinions while deliberating on the motion as raised by Hon. ken Chikere.
Leading debate on a motion entitled “the need to deduct 13% percent derivation from the one billion dollars approved by the National Economic Council to fight Boko Haram insurgency Hon. Chikere noted that the provison to Section 162(2) of the 1999 Constitution states 13% of the proceeds of the oil producing States in Nigeria as derivation fund payable to the benefitting States of Akwa-Ibom, Rivers, Delta, Bayelsa, Cross River, Edo, Abia, Imo, Ondo, Anambra and Lagos.
House of Reps Correspondent, Linda Ike reports that the Lawmaker in his further submissions said the 13% derivation fund payable to oil producing States had not been deducted and paid to these States from the $1 Billion before or after the approval of the said sum to fight Book Haram insurgency.
motion was subsequently moved after several heated debate that the motion be stood down.
Contributing to the motion while some opposed it by submitting that if the Boko Haram insurgency is a challenge to the sovereignty of Nigeria there should be a collective agreement to fight it some were in support saying the motion touches the foundation of the Constitution.
They added that consolidated and federation accounts were not really spelt out by the Constitution, as both were being used interchangeably stressed further that whatever it will take, the issue of Boko Haram must be addressed.
Subsequently a motion was moved to adopt that the motion be stood down following the controversial debate on the motion.
it would be recalled that at the 83rd meeting of the National Economic Council held at the Council chamber of the Presidential Villa, on 14th December, 2017.
The thirty six governors of the States of Nigeria approved the deduction of the sum of $1billion by the Federal Government from the Excess Crude Account (ECA) to fight the Boko Haram insurgency.
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