Oil, Gas: Executive Order constitutional fidelity, not executive overreach – Presidency

The Presidency has said that the the Executive Order, EO9, connected lipid and state is law and not enforcement overreach.

The Director-General, Budget Office of the Federation, Tanimu Yakubu, said this successful a connection connected Monday successful Abuja.

Yakubu stated that the Executive Order 9, EO9, does not make law, adding that it enforces law custody of Federation revenues.

He added that each revenues oregon different monies raised oregon received by the Federation shall beryllium paid into and signifier 1 Consolidated Revenue Fund of the Federation, stressing that nationalist gross cannot lawfully beryllium retained, applied, oregon warehoused extracurricular law funds.

Yakubu, who is the Secretary of the Implementation Committee connected Executive Order 9 reiterated that the bid of legality is clear, stating that gross indispensable archetypal participate constitutionally recognised accounts earlier it tin beryllium appropriated, shared, oregon spent.

“Commentaries suggesting that Executive Order 9 (EO9) amounts to the President “making law” misstate some the Constitution and the fiscal question astatine issue.

“Section 80(1) of the Constitution (1999, arsenic amended) is mandatory. Section 162 complements this regularisation by requiring revenues accruing to the Federat...