The National Economic Council, chaired by
Vice-President Yemi Osinbajo, on Monday accused a former Minister of
Finance and Coordinating Minister of the Economy under ex-President
Goodluck Jonathan, Dr. Ngozi Okonjo-Iweala, of spending $2.1bn from the
Excess Crude Account without authorisation.
“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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