Action
Congress of Nigeria (ACN) national leader Asiwaju Bola Ahmed Tinubu has
criticised the creation of Sovereign Wealth Fund (SWF) by the Federal
Government.
Describing it as “illegal”, the former Lagos State governor said he is in support of the legal action taken by governors against the Federal Government.
Tinubu told reporters in Abuja that SWF is another name for Excess Crude Account to deceive Nigerians by the Federal Government.
His words: “I’m in full support of the governors going to court. The Sovereign Wealth Fund is an illegal looting committed under an act. It is giving the Excess Crude Account (ECA) another name and taking it to the House for illegal constitutional amendment.
“When an act confiscates and contradicts the constitution, Section 162 of the constitution says all revenue must be distributed. You cannot act unconstitutionally if you are a government of rule of law. You are confiscating the money of the state; you are violating the constitution; it is illegal.
“It is an amendment to the constitution if it is not seen clearly by Nigerians. Otherwise, Section 162 of the constitution is useless. What are the steps to be taken before an amendment to the constitution takes effect. That is clear there. I ask, if you are a regular saver and your child is dying of anaemia in a hospital and you say you are saving for that child to inherit, will you say you must save that money and not pay for the blood if the child needs blood transfusion?
“The states say this is our time to develop, why are you forcing them? You can save the federal government portion. It is unconstitutional. I’m in support of the governors.”
On yesterday’s proceedings at the Code of Conduct Tribunal (CCT), Tinubu said “I enjoy learning. It went professionally well, you could see the firework between the lawyers. I’m very proud of my team. I’m very happy and impressed. It means we can still help Nigeria by being honest, it means we can still hope for Nigeria to see that the fundamental human right is projected, the right of individuals will not depend on the amount of power confers on them by the office and those who allege must prove. The matter is left for the judiciary but there is still hope that this country can ensure justice.
By Cortesy Of: The Nation
Describing it as “illegal”, the former Lagos State governor said he is in support of the legal action taken by governors against the Federal Government.
Tinubu told reporters in Abuja that SWF is another name for Excess Crude Account to deceive Nigerians by the Federal Government.
His words: “I’m in full support of the governors going to court. The Sovereign Wealth Fund is an illegal looting committed under an act. It is giving the Excess Crude Account (ECA) another name and taking it to the House for illegal constitutional amendment.
“When an act confiscates and contradicts the constitution, Section 162 of the constitution says all revenue must be distributed. You cannot act unconstitutionally if you are a government of rule of law. You are confiscating the money of the state; you are violating the constitution; it is illegal.
“It is an amendment to the constitution if it is not seen clearly by Nigerians. Otherwise, Section 162 of the constitution is useless. What are the steps to be taken before an amendment to the constitution takes effect. That is clear there. I ask, if you are a regular saver and your child is dying of anaemia in a hospital and you say you are saving for that child to inherit, will you say you must save that money and not pay for the blood if the child needs blood transfusion?
“The states say this is our time to develop, why are you forcing them? You can save the federal government portion. It is unconstitutional. I’m in support of the governors.”
On yesterday’s proceedings at the Code of Conduct Tribunal (CCT), Tinubu said “I enjoy learning. It went professionally well, you could see the firework between the lawyers. I’m very proud of my team. I’m very happy and impressed. It means we can still help Nigeria by being honest, it means we can still hope for Nigeria to see that the fundamental human right is projected, the right of individuals will not depend on the amount of power confers on them by the office and those who allege must prove. The matter is left for the judiciary but there is still hope that this country can ensure justice.
By Cortesy Of: The Nation
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