The recently inaugurated National Economic Council, chaired by
Vice-President Yemi Osinbajo, on Monday accused the immediate past
Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi
Okonjo-Iweala, of spending $2.1bn from the Excess Crude Account without
authorisation.
Adams Oshiomole who is part of the council told newsmen that the
‘unauthorised’ spending, is among the several anomalies discovered in
the management of the nation’s economy between 2012 and May 2015.Within
the period, the Nigerian National Petroleum Corporation was said to have
earned a total of N8.1 tn but remitted only N4.3tn. In his words;
“We looked at the numbers for the Excess Crude Account. The last time
the former Minister of Finance and Coordinating Minister of the Economy,
Mrs Ngozi Okonjo-Iweala, reported to the council, and it is in the
minutes, she reported by November 2014 that we had $4.1 bn. Today, the
Accountant-General Office reported we have $2.0bn. Which means the
honourable minister spent $2.1bn without authority of the NEC and that
money was not distributed to states, it was not paid to the three tiers
of government,” Edo State Governor Adams Oshiomhole told State House
correspondents after the NEC’s 58th meeting in Abuja.
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