Okonjo-Iweala Debunk Reports On Missing $1.03bn From Excess Crude Account


Finance Minister Ngozi Okonjo-IwealaCoordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has debunked media reports that $1.03 billion is missing from the Excess Crude Account (ECA).

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In a statement issued by her Special Adviser on Media, Mr. Paul Nwabuikwu, yesterday, the minister described the reports as totally baseless and inaccurate.

The statement declared that “such reports are a misrepresentation of what actually transpired during the appearance of Okonjo-Iweala before an open hearing of the joint Finance Committees of the Senate and House.”

“The minister had responded forthrightly to questions on the current level of the ECA and there was no disagreement as such,” the statement said, insisting that “the balance in the account as stated by the minister is $4.3 billion.”

The statement therefore admonished the media to seek information and clarification when in doubt rather than peddling rumours in order to have catchy headlines.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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