Lawyer and rights activist,
Femi Falana, has urged the
immediate past Minister of
Finance, Ngozi Okonjo-Iweala,
to tender an unreserved
apology to Nigerians over her
role in the unauthorised
withdrawal of $2bn from the
Excess Crude Revenue
Account.

Mr. Falana made the call in a
statement Monday, following
Mrs. Okonjo-Iweala’s claim
that the withdrawal was
authorised by former
President Goodluck Jonathan,
reversing from her earlier
statement that it was
approved by the Federation
Accounts Allocation
Committee.

The former minister reactions
followed an allegation by the
governor of Edo State, Adams
Oshiomhole, that she
unilaterally withdrew $2 from
the Excess Crude Account.
Mrs. Okonjo-Iweala initially
said the claim was “totally
without foundation” as the
decision to spend the money
was discussed with states’
finance commissioners.

After the commissioners
denied giving such approval,
the former minister said the
spending was done on the
instruction of Mr. Jonathan.
On Monday, Mr. Oshiomhole
accused Mrs. Okonjo-Iweala
of using the money to fund
Mr. Jonathan’s re-election bid.

Mr. Falana queried the
legality of unilaterally
withdrawing money from the
account, even where it was
approved by Mr. Jonathan.
“Assuming without conceding
that the release of the
whopping sum $2 bn was
approved by the president, is
Mrs Okonjo-Iweala saying that
funds belonging to the three
tiers of Government could be
unilaterally withdrawn from
the ECA by the Federal
Government?”

“As the Coordinating Minister
of the Economy did she draw
the attention of President
Jonathan to the illegality of
withdrawing funds from the
ECA without the approval of
the states and the local
governments, the co-owners
of the fund?”

In spite of the alleged payment of $2 bn
for fuel subsidy in December 2014, fuel
marketers have continued to embark on
strikes over the alleged non-payment of
N200 billion subsidy money.

“The claims and counterclaims by the
former minister and the fuel marketers
calls for urgent investigation of the
mismanagement of the fuel subsidy
regime under the past government by the
Buhari Administration with a view to
exposing the monumental fraud that has
characterized the policy,” said Mr. Falana.
“In 2011, the National Assembly
appropriated the sum of N245 bn for fuel
subsidy. Without any amendment of the
Appropriation Act, 2011 by way of
supplementary budget, Mrs Okonjo-
Iweala unilaterally paid N2.5 trillion to
fuel marketers. Investigations by the
House of Representatives and the
Economic and Financial Crimes
Commission have since confirmed that the
bulk of the fund was paid to members of
a cabal who did not supply any fuel.”
“Was it the FAAC or President Jonathan
that authorized the World Bank expert to
engage in the fraudulent payment of over
N2 trillion to fake fuel importers?”

He continued, “Having admitted that the
withdrawal of the sum of $2 bn by her
was authorized by President Jonathan and
not by FAAC as she had previously
claimed Mrs Okonjo-Iweala ought to
apologize to Nigerians.”
“And instead of resorting to shifting
blame in this circumstance, the former
Minister should stop denying her
principal role in the gross
mismanagement of the neo-colonial
economy of the country.”


source: www.premiumtimesng.com/news/top-news/186609-apologise-to-nigerians-falana-tells-okonjo-iweala.html

noted

Haaa

okay

Let me book space. This place will soon be on fire. Reason: Falana (Yorubas) vs Iweala (Igbos)

///

Falana Sneh

Falana is suffering from Numerical diarrhea

I support the motion.......










Meanwhile

My debut single almost ready! A gutar ballad fussion with a touch of Percussion. You gon love it fellas!

K

NOI on everybody's lips. Everyone just wants to talk. Even if it's rubbish they are spewing from there mouth.


She's really popular. hehehe

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https://www.nairaland.com/2450172/get-machine-drawing-done-autocad