Buhari’s Treasury Single Account Is A Fraud- Fayose

    Governor Ayodele Fayose of Ekiti state on Sunday declared he
    was not attending the meeting called by the Federal Government with state
    governors on the Treasury Single Account, TSA.

    Fayose said his decision stems from his belief that the
    Ekiti state government was not interested in the TSA policy introduced by
    President Muhammadu Buhari, which, according to him, is a fraud against Nigeria
    and its people.
    The governor said this in a press statement issued by his
    Special Assistant on Public Communications and New Media, Lere Olayinka.
    Fayose asked the Federal Government to rather remove the
    veil on the face of REMITA, the alleged firm handling the TSA contract, “so
    that Nigerians can know the real owners, through whom the All Progressives
    Congress (APC) is siphoning Nigeria money to fund Kogi and Bayelsa states
    governorship election.”
    “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 percent, amounting to N25 billion in one month?
    “In this economic situation that Nigeria is, shouldn’t the
    one percent commission have been negotiated downward to like 0.1 percent which
    would have reduced the N25 billion to N2.5 billion?
     “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 state governors to a meeting
    that is aimed at imposing the TSA policy on the states.”
    Governor Fayose said the Federal Government cannot force its
    policies on states that are federating units in the Nigeria 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.

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