The much talked-about probe of the administration of
former President Jonathan Goodluck has finally begun.
This was revealed by the ad-hoc committee on the
management of excess crude account proceeds and
accruals into the federation account set up by the National
Economic Council and headed by the Governor of Edo
State, Mr Adams Oshiomhole.
Governor Oshiomhole, who briefed journalists after the
committee’s meeting in Abuja on Thursday, explained that
two international forensic audit firms would investigate how
the revenue that accrued into the federation account was
spent under former President Jonathan.
“We know now that although people talk of Excess Crude
(Account), actually we have other revenues like bonuses,
royalties (and) taxes, part of which also flow into the
federation account, depending on the budget estimate of
the National Assembly.
“So, we are taking a holistic review of the entire process
and looking at all the agencies that ought to make
contributions or fund the federation account.
“We are convinced that by appointing audit firms, we will
allow professionals to carry out this exercise so that it will
be free from any political colouration,” he said.
He added that the audit would cover the period from
January 1, 2010 to June 1, 2015.
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