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Nairaland Forum / Nairaland / General / Politics / Jonathan Ordered Me To Withdraw $2bn To Pay Fuel Subsidy (393 Views)
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Jonathan Ordered Me To Withdraw $2bn To Pay Fuel Subsidy by opedaydydx9(m): 7:53am On Jul 09, 2015 |
Ngozi Okonjo Iweala, Nigeria’s former minister of
finance said on Tuesday night that the $2 billion she was
alleged to have withdrawn from Excess Crude Account
without authorisation was used to pay for fuel subsidy on
the instruction of former President Goodluck Jonathan.
She however said the issue was discussed at the Federation
Accounts Allocation Committee (FAAC), a statutory body
which is chaired by the Minister of State for Finance in
which all the states are represented.
The former Minister however said FAAC did not approve the
withdrawal.
It will be recalled that Nigerian state governors had after the
inauguration of the National Economic Council about two
weeks ago accused Okonjo-Iweala of spending $2 billion
from the ECA, a pool of funds which belonged to the three
tiers of government.
Adams Oshiomole, the governor of Edo state told journalists
that there has been a depletion in the funds from $4.1 billion
as at November 2014 to $2.1 billion, even when there was
no authorisation for any withdrawal from the funds known
to state chief executives.
The governors had subsequently set up a committee made
up of four of their members to investigate the withdrawals.
“Payments made were used for paying for petroleum
subsidies for the Nigerian people and were approved by Mr
President,” Iweala said in a statement issued by Paul
Nwaibuikwu, her media assistant.
“Therefore there is no question of mismanaging any
resources here,” she added
Okonjo-Iweala also said FAAC did not approve such
expenditures, but “that all these expenditures were
discussed at FAAC meetings attended by Finance
Commissioners from the 36 states.” |
Re: Jonathan Ordered Me To Withdraw $2bn To Pay Fuel Subsidy by superstar3: 8:09am On Jul 09, 2015 |
where is the source of this info? 1 Like 1 Share |
(1) (Reply)
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