Nigeria’s Minister of Finance, Ngozi Okonjo-Iweala has responded to allegations that $20 billion in excess crude funds has gone unaccounted for.
‘Amaechi received N257.6bn from crude funds,’ Minister says
The Nigerian Governors’ Forum (NGF), led by Rivers State Governor, Rotimi Amaechi, made the claim and demanded that the minster explain how the funds were disbursed.
The Nigerian Governors’ Forum (NGF), led by Rivers State Governor, Rotimi Amaechi, made the claim and demanded that the minster explain how the funds were disbursed.
In response however, Dr Okonjo-Iweala stated that Amaechi had received N257.6 billion out of the funds for use in his state.
“The statement by the governors is totally strange because Federal Accounts Allocation Committee (FAAC), meets every month and the ECA is discussed at every session with all the state commissioners of finance present,” she said via a statement released by her spokesperson, Paul Nwabuikwu on Tuesday, May 19, 2015.
ADVERTISEMENT
“Gov. Rotimi Amaechi of Rivers, who was reported to have read the communique on behalf of the governors, made a similar unsubstantiated allegation in November 2013. He alleged in November 2013 that $5 billion was missing from the ECA but we subsequently showed with facts that the amount was not missing,” she added.
The NGF had issued a communique, also on Tuesday, demanding the full details of accruement and expenditure of the excess crude funds.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Forgive me my papa - Self-acclaimed Hausa traditional ruler kneels to beg Oba of Benin
Fubara grows Rivers IGR by over 100%, less than 1 year after Wike's tenure
Plateau University suspends exams over killing of student
Nigeria laughing stock of the rest of the world due to insecurity - TY Danjuma
APC group claims Tinubu’s initiatives stimulating economic recovery
Plateau Gov urges calm after attack that led to death of 200-level PLASU student
NAFDAC reopens popular Ibadan supermarket shut for selling unregistered product
Gov Adeleke lavished with praise for providing water, sanitation facilities
CSO inaugurates campaign to combat electoral irregularities, promote reforms
Pulse Sports
Lionel Messi's son breaks the internet after scoring five goals for Inter Miami
Naija Stars Abroad: Onyedika, Boniface, and Osimhen shine across Europe
Victor Osimhen and Tobi Amusan make list of Forbes’ 30 under 30 Class of 2024
ADVERTISEMENT