Skip to main content

Okonjo-Iweala being persecuted, says Aide as forum denies FAAC’s approval for $2bn ECA withdrawal

The brickbat between some people in the current government and the immediate past Minister of Finance, Dr. Ngozi Okonjo-Iweala, continued yesterday, with a group with the name Forum of Finance Commissioners denying that FAAC ever approved the withdrawal of $2 billion from the Excess Crude Account, ECA, late last year.
However, in a swift reaction, the former minister’s Media Adviser, Mr. Paul Nwachukwu, said that Dr. Okonjo-Iweala was being persecuted by political opponents of the last administration.
Okonjo-Iweala’s defence
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 statement clearly shows that Federation Accounts Allocation Committee (FAAC) is a statutory body which is chaired by the Hon. Minister of State for Finance in which all the states are represented.
Payments made were used for paying for petroleum subsidies for the Nigerian people and were approved by Mr President.
Therefore there is no question of mismanaging any resources here.


Comments

Post a Comment

Popular posts from this blog

Man beheads elderly man at his farm this morning in Benue

  This happened this morning at Itakpa -Ito village beside Otukpo town, Benue State. A man was found with the head of an elderly man he'd killed at his farm... he was apprehend by youths in the village who took him to the station. The picture was taken inside the police station. Why he beheaded the man has not been confirmed. See the graphic pic after the cut...
Post a Comment
Read more

Oritsefemi Shares Throwback Photos Of Himself And His Babymama

Before he came to fame and won the Best Street-Hop Artiste at the 2014 Headies Award, singer Oritsefemi Majemite Ekele (known by his stage name Oritse Femi) lived in a rundown apartment in the heart of Ajegunle. But after Junglist failed in 2006, he went solo, releasing a few singles, including his rewrite of Fela’s Double Wahala. By 2014, Oritse Femi was on his way to becoming a household name. for reasons we don’t yet know, the Delta State singer took to his page to share memories of his poor beginnings. Very heartrending, is this rust zinc and rotting wood apartment he called his first home. Read him: “Lets start this week with my early beginnings. this is my first rented apartment ‘ in the ghetto’ Ajegunle to be precise. A wood crib, N15k per annum. This was my first achievement in life.” . He also shared the photo of the mother of his child: “My smile is priceless,” he wrote. “This is my baby mama, Pepe’s mom. You know how real it is back then when you take a lady to the street...
Post a Comment
Read more

OMG!!! Justin Bieber posts his nacked pix on IG unknowingly

Justin Bieber delighted his Beliebers on Monday when he shared a naked photo on his Instagram account. The cheeky 21-year-old bared his bottom as he stood with his back to the camera on the edge of a boat. 'Look!' he captioned the snapshot, which showed him pointing at the land ahead, although it's fair to say none of his fans will have been admiring the scenery. Justin is currently in Bora Bora, and it's not clear who he is travelling with. The singer is clearly feeling quite relaxed, and stared across the stunning blue sea for his raunchy naked photo. Justin revealing pic caught the attention of one fan in particular - Miley Cyrus - who reposted the image, although she put her own creative crop on what she believed to be the most interesting part of the picture. 
Post a Comment
Read more