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.... ....   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact  | Advert Rates  Towards a better life for the people Search The Archives   Cover Stories National News South West Niger Delta South East North Politics Business Sports World Viewpoints Features   COVER STORIES Oil revenue: NEC summons Okonjo-Iweala, others By Charles Ozoemena Friday, October 22, 2004 ABUJA- DISSATISFIED with the account of revenue accruing from oil and other sources, the National Economic Council (NEC) yesterday rose from its meeting in Abuja, summoning the Finance Minister, Dr Ngozi Okonjo-Iweala; Accountant-General of the Federation, Mr Kayode Naiyeju; Group Managing-Director of the Nigerian National Petroleum Corporation (NNPC), Mr Funso Kupolokun and Central Bank Governor, Prof. Charles Soludo. They are to appear before the council at its next meeting in November. Others to appear before the council include Directors-General of Budget Office of the Federation, and Debt Management Office, Mr. Bode Augusto and Dr. Mansur Mukhtar respectively as well as the Comptroller-General of Customs and Excise. The council, made up of the 36 state governors, Governor of the Central Bank (CBN) and under the chairmanship of Vice President Atiku Abubakar, also rejected the second quarter report of the National Economic Intelligence Committee (NEIC) on the ground that the report lacked adequate facts and figures. Governor Orji Kalu who briefed State House correspondents on the outcome of the meeting alongside his Lagos and Yobe counterparts said the council was not satisfied with the accounts rendered on revenue, hence the decision to summon heads of various government agencies. Kalu, who read the resolutions of the council, said: "The council has directed the National Economic Intelligence Committee to revise its report on programmes of activities of the federal and state governments -January to June 2004 - with special emphasis on framework, methodology, mechanism and coordination, for presentation to the council at a future meeting." The report, they argued, did not cover the activities of many states of the federation as they did not make submissions to the committee and spoke of the need for all tiers of government and all stakeholders of the federation account to have adequate information on the revenue accruing from oil and other sources. The Council also endorsed the need for the construction of a befitting cultural centre in Abuja to be private sector driven and on the basis of Build, Operate and Transfer (BOT).   Home  |  Cover Stories  |  National Newsreel  |  Politics  |  Business  |  Sports  |  World  | Contact  | Advert Rates © 1998- 2004. Vanguard Media Ltd.

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