Okonjo-Iweala denies unauthorized spending of $2.1 billion, says she's ready for probe



The former Minister of Finance, Dr. Ngozi Okonjo-Iweala, has denied claims she spent $2.1 billion out of the Excess Crude Account without authorization and has offered to face any inquiry over the allegation.

Reacting to Monday’s claims against the former finance minister by some governors after the National Economic Council (NEC) meeting in Abuja, her media adviser, Paul Nwabuikwu, said “the allegation by some governors that former Minister of Finance, Dr Ngozi Okonjo-Iweala spent $2.1 billion out of the Excess Crude Account without authorization is false, malicious and totally without foundation.”

Nwabuikwu in a statement made available to NigerianEye on Tuesday said there was no unauthorized expenditure from the ECA under Okonjo-Iweala’s watch in the Finance Ministry.
“Decisions on such expenditure were discussed at meetings of the Federation Accounts Allocation Committee (FAAC) attended by finance commissioners from the 36 states,” he added.

The former minister insisted that claims she “spent $2.1 billion without authorization” were simply not credible given that details of government receipts and expenditure were made public.

'We believe that Nigerians are too smart to be hoodwinked by this partisan desperation to tar the name of Okonjo-Iweala.'

'In the interest of the country, we advise that public officials should avoid the temptation to politicize economic issues so that balanced analysis can lead to real solutions.' Nwabuikwu added.
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  1. Lets hope so, time will tell.

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  2. Where is thief Deziani-Madueke? She is the one who should be addressing all these missing funds from crude oil sale.

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    1. Thief like the rest of the past ministers

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  3. I believe u ma. They always play politics at every opportunity. Imagine 2.1billion in dollars. U wanna buy another country. No mind them. Short oshomole, go and ask Ur commissioner of finance. Didn't he give u the report.

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  4. Short Oshomole is a drug man, nemesis will soon catch up ..

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  5. Don't mind Buhari and APC , Is like Buhari want fight for this country again , look at what is happening in part of Nigeria like Kano State where the government want to set up sanitation's on Sundays , people who want this change from this man Buhari should think very well where the country is going now , every statement Probe , where will he state this Probe ? last government or since 1960???

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    1. Can't u write another comment? Dis is almost the 10th time u av pasted dis same comment. If u don't av anything more to say, then keep quiet. Is Buhari kano state Governor? Mumu

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  6. APC is just playin politics with Avery tin ,

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  7. Well let's look at the fact, if she innocent , she is, let the facts decide, we just need to quickly get out of this economic nose dive

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