Speaking on a live Channels Television interview monitored in Lagos, Monye said government was a going concern involving receipts and debits with incoming funds regularly being channelled for budgeted purposes.
Noting that it was wrong for officials of the new administration to claim that they met an empty treasury, he urged the officials to empty their utterances of the propaganda they spoke while in the opposition.
“They are creating bigger problems for themselves because, from my own position where I stand, it is not true. It is not the issue of meeting empty treasury. The fundamental issue is, was there supposed to be anything in the treasury?
“That is the fundamental thing. Before we begin to look at empty treasury or not, we need to look at the provisions of the constitution. The constitution says that any money that is earned from oil sales, tax, customs collection must go into the Federation Account and once it gets in there, it must be shared according to the revenue sharing formula.
“How can you be talking of empty treasury when there is a court case saying that that little savings you have must be shared.”
He called for the amendment of the constitution to allow for savings from receipts into the Federation Account saying that under the current provisions there was no provision for savings, a development he said made it necessary for the treasury to be empty at the end of every sharing.
He said the Jonathan administration left behind $1.5 billion in the Sovereign Wealth Fund and another $2.09 billion in the Excess Crude Account.
