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Yong Teck Lee: "This is my promise to you, that our struggle continues and I will always be by your side"...."Trust and integrity of the leaders are fundamental to the future of a country or a government or, in our case, SAPP as a serious political party of the future"

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2010 Jun 7 - Edward: People deserve to know what happened

Edward: People deserve to know what happened

Kota Kinabalu, June 7, 2010: Sabah Progressive Party (SAPP) Youth Chief Edward Dagul today said that Datuk Johnny Mositun is once again, living up to his billing as the mouthpiece for UMNO and Barisan Nasional.

"When no other State cabinet ministers from the coalition, most notably none from UMNO backing the Chief Minister, one can always count on Johnny to support his political master.

"The people of Sabah deserve to know what happened to the RM500 million State government bonds. As was raised by Datuk Yong Teck Lee, "If we have RM2 billion in reserves, it is a valid question then, why we need a bond of RM500 million for? Where will the RM500 million be invested in?" Why is there a need to commit the State government to debts due in 2014?

"Datuk Johnny Mositun seems to know more than the other Cabinet Ministers when he confidently announces that the bond was for a "specific purpose" and not "because the government is short of funds." SAPP Youth wants Mositun to elaborate and explain what the so called specific purpose is? We wish for the rakyat, the ones who are "uninformed and not familiar with financial matters", to understand the mechanics and thereby the wisdom of borrowing such a huge amount when we clearly have such a healthy State reserve.

"As for the blocks L and M, SAPP Youth advice Mositun to verify facts and figures before blurting out misleading statements such as "12 nautical mile territorial waters".

"Is Mositun saying that Blocks L and M are within the 12 nautical territorial waters of Brunei? It just shows how ignorant and arrogant Mositun is but still has the audacity to come to the forefront as if an expert on maritime territory or even Exclusive Economic Zone (EEZ).

State's sovereign rights on oil ....

Issues

Sabah's Oil Royalty

Oil Royalty Warrants Review - Kota Kinabalu (20 November 2008): State Government has been urged to initiate a review of the 1976 Petroleum Agreement between the State and Federal Government with the view to revise the oil royalty from five percent to no less than 20 per cent.

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