Fayose , Others Should Return To Elementary School – Minister Lai

Minister of Information and Culture, Lai Mohammed has
suggested that Governor Ayodele Fayose of Ekiti and
others kicking against President Muhammadu Buhari’s
Treasury Single Account policy should return to
elementary because they have failed to understand the
workings of the policy.
“Those behind the rumour that a single company made
N25 billion from charging one per cent of TSA funds that
passed through the company’s software, may need to
return to elementary school to get some lessons in
arithmetic,” he said in a statement issued by his Special
Adviser on Media, Mr Segun Adeyemi, in Abuja, Nigeria’s
capital.
“This is because in order for one per cent charge to fetch
N25 billion, the funds accruing into the TSA must have
reached N2.5 trillion.
Yet, the total amount of funds in the TSA to date is still
much less than 2 trillion.
“More importantly, at the time the Governor of the Central
Bank of Nigeria (CBN) ordered that all monies that were
erroneously charged as ‘revenue’ be returned to the TSA
Account late last month, the TSA had less than N800
billion.
“It therefore beggars belief that anyone could attempt to
mislead the public by raising a false alarm that a firm
made N25 billion in TSA charges.”
Mohammed appealed to Nigerians not to allow those who
had been funding their lavish lifestyles and encouraging
corruption, to the detriment of ordinary citizens and
without bothering about national interest.
He said the accusation was to sabotage the laudable TSA
programme with contrived lies, dangerous innuendoes
and misinformation.
It would be recalled that Fayose , in a statement on
Sunday, declared that he would not be part of the meeting
the Federal Government was to hold with state governors
on the TSA because the policy itself was a fraud against
Nigeria and its people as it 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.
Fayose also asked the Federal Government to expose
those behind REMITA so that Nigerians would know those
“through whom the All Progressives Congress, APC, is
siphoning Nigerian money to fund Kogi and Bayelsa States governorship election.”
He added that System Specs the company that manages
TSA made N25 billion.