Tuesday March 15, 2016


Former President Goodluck Jonathan officially approved for withdrawal the amount of N76 billion barely seven weeks to the inauguration of President Muhammadu Buhari The Economic and Financial Crimes Commission (EFCC) is currently looking into how N10 billion of that amount was withdrawn from Signature Bonus Account (oil block account) before the handover date to the new government. journalists had reported that the Presidency has said the Economic and Financial Crimes Commission is free to investigate former President Goodluck Jonathan, just as President Buhari on Friday, also explained that there was no secret pact between him and Jonathan to exclude the ex-President from the list of corrupt people to be probed by this administration.

As at March 31, 2015, there was about $726, 909, 118, 26 left in the account. But a withdrawal mandate was issued on April 9, 2015 for either special services or use by the Petroleum Technology Development Fund(PTDF). A memo by the Director of Funds (FD/LP2015/8/127/DF) said: “The AGF has directed that the following disbursements be effected from the balance of $726, 909, 118, 26 as at 31st March in the Signature Bonus Account: (i) ONSA (N10billion); (ii) DBN (N20billion) and (iii) PTDF ($150million).

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