Falana challenges governors to demand return of billions missing from federation accounts
Mr Falana was the guest speaker at a lecture to mark the 3rd anniversary of the Rotimi Akeredolu administration, which was held at the Dome in Akure, the Ondo State capital.
He said in looking for money to govern Nigeria, Nigerian governors must take more than a passing interest in the Nigeria National Petroleum Corporation and the Nigerian Liquefied Natural Gas . “There are certain accounts belonging to the people of Nigeria. One of them is the foreign reserves account; another one is the Sovereign Wealth Account,” he said.
“Thus successive civilian governments since 1999, headed by southern and northern political leaders, retained the status quo. Therefore, when we are talking of restructuring and true federalism we must appreciate that it is a national crisis.” According to Mr Falana, restructuring should be vertical and horizontal and such as would ensure the redistribution of resources for the good of the citizens.
“We have invested so much in the energy sector. Under the Obasanjo government alone, we are told that an alleged $16billion was invested in power. They sold them to 18 companies to generate power. Governors must ask questions so that if we don’t have power, we can have the money for development.”
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