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The Financial Side Of The Boko Haram Enterprise And Largess Up For Debate At National Assembly

The Oasis Reporters


February 3, 2018


Leader of Boko Haram, Ibrahim Shekau

With one billion dollars warchest proposed for the security business of Boko Haram, Nigerian commentators are wondering if the Boko Haram business and financial enterprise will ever come to an end, even as the new sector of Fulani herdsmen terrorists militia is yet to receive it’s own sectoral funding.
Meanwhile hapless Nigerians keep dying in large numbers over the insecurity pervading northern Nigeria and threatening to make incursions into the south.

Read on :

“At the 83rd meeting of NEC held in the Presidential Villa, Abuja, on Dec. 14, 2017, the 36 states’ governors approved the deduction of one billion dollars by Federal Government from Excess Crude Account (ECA) to fight Boko Haram.

“The proviso to Section 162 of 1999 Constitution states that 13 per cent of proceeds of oil-producing states as derivation funds payable to benefiting states of Akwa-Ibom, Rivers, Delta, Bayelsa, Cross River, Edo, Abia, Imo, Ondo, Anambra and Lagos.

“That 13 per cent derivation fund payable to oil-producing states had not been deducted and paid to them from the one billion dollars before or after the approval of the said sum to fight Boko Haram insurgency.

“Concerned that if the 13 per cent derivation fund is not deducted from the one billion dollars and paid to oil-producing states, it would amount to double contribution from the said states.

” It will also amount to a breach of section 16 (2) of the 1999 Constitution and Section 1 of the Allocation of Revenue (Federation Account, etc) Act, Cap.A15, Laws of the Federation of Nigeria, 2014,” Chikere said.

He urged Federal Ministry of Finance to ensure that amount representing 13 per cent of one billion dollars approved by NEC to fight Boko Haram was deducted and paid to oil-producing states.

He said that the payment would be in compliance with Section 162 (2) of the 1999 Constitution.

The lawmaker urged his colleagues to mandate the Committees of Finance and Legislative Compliance to ensure compliance.

He added that “the amount involved is arguably a large sum of money but no sum of money is too large for security. I urge us to show resolve by supporting this motion’’.

But, Rep. Shehu Garba (Kaduna-APC) opposed the motion, saying that the fight against Boko Haram insurgency should be seen as a national challenge than a sectional issue.

He said that debating the issue would open up “a Pandora box” that may apparently heat up the polity.

He said, “We do understand the reason behind this motion. However, I do have a different perspective. The basic question is whether Boko Haram is a regional challenge or national challenge.

“We must accept that just as you as a person will not have a good night sleep when you have pain.

“You must accept that any challenge in any part of Nigeria is a challenge for everyone. Boko Haram challenge is a national challenge.

“The challenge requires the collective will of all Nigerians. On this note, I disagree with this motion. It will be opening a Pandora box.”

Recognised by the Speaker, Mr Yakubu Dogara, a member, Rep. Henry Archibong (Akwa Ibom-PDP) raised a Point-of-Order.

He sought to know whether the money had been approved by the National Assembly

The lawmaker said “point-of-order, no money shall be withdrawn from the consolidated revenue funds.

“This money that’s being given to fight Boko Haram, has it been approved by the national assembly.”

Similarly, Rep. Aliyu Patigi (Kwara-APC) said that the issue at stake was of mathematical nature.

“It is an accounting issue. It is an issue that relates to the Federation Account.

“Now, the president has requested for one billion dollars and we can’t give the president less than that one billion. It should be

Greg Abolo

Blogger at The Oasis Reporters.