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Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal - Nairaland / General - Nairaland

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Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by ralphcrown1: 2:59pm On Jul 08, 2015
Ngozi Okonjo-Iweala, former Finance Minister
Dr. Ngozi Okonjo Iweala, Nigeria’s former minister of finance said on Tuesday night that the $2 billion she was alleged to have withdrawn from Excess Crude Account without authorisation was used to pay for fuel subsidy on the instruction of former President Goodluck Jonathan.

She however said the issue was discussed at the Federation Accounts Allocation Committee (FAAC), a statutory body which is chaired by the Minister of State for Finance in which all the states are represented.
The former Minister however said FAAC did not approve the withdrawal.
It will be recalled that Nigerian state governors had after the inauguration of the National Economic Council about two weeks ago accused Okonjo-Iweala of spending $2 billion from the ECA, a pool of funds which belonged to the three tiers of government.
Adams Oshiomole, the governor of Edo state told journalists that there has been a depletion in the funds from $4.1 billion as at November 2014 to $2.1 billion, even when there was no authorisation for any withdrawal from the funds known to state chief executives.
The governors had subsequently set up a committee made up of four of their members to investigate the withdrawals.
“Payments made were used for paying for petroleum subsidies for the Nigerian people and were approved by Mr President,” Iweala said in a statement issued by Paul Nwaibuikwu, her media assistant.
“Therefore there is no question of mismanaging any resources here,” she added
Okonjo-Iweala also said FAAC did not approve such expenditures, but “that all these expenditures were discussed at FAAC meetings attended by Finance Commissioners from the 36 states.”

source:[url]http://bet9jah..com/2015/07/jonathan-ordered-me-to-withdraw-2bn.html [/url]

Re: Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by Ofeakwu(m): 2:59pm On Jul 08, 2015
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Re: Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by NeduLuiZ(m): 3:02pm On Jul 08, 2015
If not greed then what else
Re: Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by NowLetUsBegin: 3:03pm On Jul 08, 2015
Person go believe all these bloggers sef


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Re: Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by tobillionaire(m): 3:03pm On Jul 08, 2015
y are u ppl disturbing dis madam over jst 2billion dollars sef grin
Re: Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by kheart(m): 3:04pm On Jul 08, 2015
Foul yanch don dey blow small small
Re: Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by NeduLuiZ(m): 3:06pm On Jul 08, 2015
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Re: Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by Abugab(m): 3:10pm On Jul 08, 2015
Why is Madam Ngozi playing word games with Nigerians?
When the issue came up in the Economic Council, she blatantly said FAAC approved. FAAC came out and said they didn't know about approval. Ngozi is now out saying Mr President (GEJ) approved it. Next we might hear is GEJ saying I don't know what she is talking about as I didn't approve it.
I am sure when the heat gets to this woman, all these die hard and not too intelligent response will change as she really has something up her sleeve.
Re: Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by rottennaija(m): 3:12pm On Jul 08, 2015
I thought she said Nigeria wasn't broke
Re: Jonathan Ordered Me To Withdraw $2bn From ECA To Pay Fuel Subsidy – Okonjo-iweal by osaslord500(m): 3:14pm On Jul 08, 2015
The days of goodluck are over

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