$2.1billion

Okonjo Iweala’s aide says she’s being persecuted

Okonjo-Iweala’s media adviser, Paul Nwachukwu, has said she’s being persecuted by political opponents of the last administration. He said this in a statement. Read the statement below; We thank the Finance Commissioners for their clarification on the use of the Excess Crude Account (ECA) and for acknowledging that this is not an Okonjo-Iweala issue. The... Read More

The News Blog

$2.1billion, ECA, FAAC, Okonjo-Iweala

June 30, 2015

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Okonjo-Iweala replies, says there was no unauthorized spending

The newly inaugurated National Economic Council (NEC) on Monday accused former Minister of Finance and Coordinating Minister of the Economy, Ngozi Okonjo-Iweala, of spending $2.1bn from the Excess Crude Account without authorization. Okonjo-Iweala reacted to the allegation saying the allegation by some governors is false, malicious and totally without foundation. In a statement on Tuesday... Read More

The News Blog

$2.1billion, Excess Crude Account, governors, Okonjo-Iweala, unauthorized